Indian (NIFTY) Infrastructure Industry Analysis

UpdatedJan 23, 2026

DataAggregated Company Financials

Companies19

7D-1.1%
3M-2.2%
1Y20.0%
YTD-4.8%

Over the last 7 days, the Infrastructure industry has dropped 1.1%, driven by GMR Airports declining 4.6%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Indian Infrastructure Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 23 Jan 2026	₹4.0t	₹478.2b	₹148.6b	11.5x	26.9x	8.4x
Sun, 21 Dec 2025	₹4.0t	₹476.0b	₹148.1b	12.9x	27.1x	8.4x
Tue, 18 Nov 2025	₹4.0t	₹477.2b	₹147.8b	15.4x	27.3x	8.5x
Thu, 16 Oct 2025	₹3.9t	₹443.1b	₹136.3b	16.3x	28.9x	8.9x
Sat, 13 Sep 2025	₹3.8t	₹442.8b	₹136.2b	16.7x	28.1x	8.6x
Mon, 11 Aug 2025	₹3.6t	₹437.9b	₹135.4b	17x	26.8x	8.3x
Wed, 09 Jul 2025	₹3.9t	₹413.0b	₹132.2b	17x	29.7x	9.5x
Fri, 06 Jun 2025	₹3.9t	₹413.0b	₹132.2b	17.3x	29.8x	9.5x
Sun, 04 May 2025	₹3.5t	₹410.3b	₹128.5b	18.2x	27x	8.5x
Tue, 01 Apr 2025	₹3.3t	₹393.0b	₹117.3b	16.9x	28.5x	8.5x
Thu, 27 Feb 2025	₹3.0t	₹390.7b	₹117.1b	18.5x	25.6x	7.7x
Sat, 25 Jan 2025	₹3.1t	₹377.6b	₹114.1b	23.6x	27.1x	8.2x
Mon, 23 Dec 2024	₹3.4t	₹377.6b	₹114.1b	24.3x	29.7x	9x
Wed, 20 Nov 2024	₹3.6t	₹377.7b	₹114.0b	25.1x	31.5x	9.5x
Fri, 18 Oct 2024	₹3.9t	₹371.8b	₹110.4b	29x	35.4x	10.5x
Sun, 15 Sep 2024	₹4.1t	₹371.4b	₹110.5b	31x	36.7x	10.9x
Tue, 13 Aug 2024	₹4.1t	₹370.1b	₹110.5b	32.8x	37.3x	11.1x
Thu, 11 Jul 2024	₹4.2t	₹361.4b	₹101.0b	37.1x	41.2x	11.5x
Sat, 08 Jun 2024	₹3.8t	₹361.0b	₹101.0b	31.5x	37.3x	10.4x
Mon, 06 May 2024	₹3.6t	₹362.5b	₹93.0b	36.5x	38.6x	9.9x
Wed, 03 Apr 2024	₹3.8t	₹345.9b	₹83.8b	37.5x	44.9x	10.9x
Fri, 01 Mar 2024	₹3.6t	₹345.9b	₹83.8b	37.2x	42.8x	10.4x
Sun, 28 Jan 2024	₹3.1t	₹323.5b	₹67.2b	39x	46.1x	9.6x
Tue, 26 Dec 2023	₹2.8t	₹323.3b	₹67.6b	31.8x	42x	8.8x
Thu, 23 Nov 2023	₹2.3t	₹323.3b	₹67.6b	27.4x	34x	7.1x
Sat, 21 Oct 2023	₹2.2t	₹306.3b	₹67.0b	22.4x	33.1x	7.2x
Mon, 18 Sep 2023	₹2.0t	₹270.0b	₹66.7b	19.5x	29.4x	7.3x
Wed, 16 Aug 2023	₹1.8t	₹263.1b	₹66.1b	17x	27.6x	6.9x
Fri, 14 Jul 2023	₹1.7t	₹250.4b	₹56.3b	16.3x	29.7x	6.7x
Sun, 11 Jun 2023	₹1.7t	₹248.6b	₹55.3b	17.4x	30.7x	6.8x
Tue, 09 May 2023	₹1.6t	₹222.8b	₹51.1b	29x	31x	7.1x
Thu, 06 Apr 2023	₹1.5t	₹222.8b	₹51.1b	27x	28.6x	6.6x
Sat, 04 Mar 2023	₹1.6t	₹222.8b	₹51.1b	29x	31x	7.1x
Mon, 30 Jan 2023	₹1.4t	₹213.1b	₹52.9b	22.6x	26.1x	6.5x

Price to Earnings Ratio

26.1x

Mon, 30 Jan 2023

Current Industry PE

Investors are pessimistic on the Indian Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 26.9x which is lower than its 3-year average PE of 32.5x.

The industry is trading close to its 3-year average PS ratio of 8.7x.

Past Earnings Growth

The earnings for companies in the Infrastructure industry have grown 41% per year over the last three years.
Revenues for these companies have grown 31% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Industrials industry?


IN Market	-2.17%
Industrials	-2.80%
Infrastructure	-1.13%
Marine Ports and Services	-1.11%
Highways and Railtracks	-1.64%
Airport Services	-8.33%

Industry PE

Investors are most optimistic about the Marine Ports and Services industry even though it's trading below its 3-year average PE ratio of 31.7x.

Analysts are expecting annual earnings growth of 14.7%, which is lower than the prior year's growth of 22.0% per year.

Investors are most pessimistic about the Highways and Railtracks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.

Forecasted Growth

Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 15% over the next 5 years.
However this is lower than its past earnings growth rate of 22% per year.