Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Infrastructure Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies19
  • 7D2.0%
  • 3M4.2%
  • 1Y18.3%
  • YTD0.5%

The Infrastructure industry is up 2.0% in the last week, with Adani Ports and Special Economic Zone up 2.7%. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026₹4.0t₹476.0b₹148.1b13.2x27x8.4x
Thu, 04 Dec 2025₹4.0t₹476.0b₹148.1b12.8x26.9x8.4x
Sat, 01 Nov 2025₹3.9t₹455.0b₹140.3b17.2x28x8.6x
Mon, 29 Sep 2025₹3.8t₹442.8b₹136.2b16.8x28.1x8.7x
Wed, 27 Aug 2025₹3.6t₹443.4b₹135.7b19.3x26.6x8.2x
Fri, 25 Jul 2025₹3.9t₹415.4b₹133.3b16.9x29.1x9.3x
Sun, 22 Jun 2025₹3.7t₹413.0b₹132.2b18.8x28x8.9x
Tue, 20 May 2025₹3.8t₹410.3b₹128.5b21x29.4x9.2x
Thu, 17 Apr 2025₹3.4t₹392.8b₹117.3b19.2x29.3x8.7x
Sat, 15 Mar 2025₹3.1t₹390.7b₹117.1b17x26.4x7.9x
Mon, 10 Feb 2025₹3.1t₹381.6b₹111.8b23.4x27.7x8.1x
Wed, 08 Jan 2025₹3.4t₹377.6b₹114.1b23.1x29.7x9x
Fri, 06 Dec 2024₹3.6t₹377.6b₹114.1b26x31.9x9.6x
Sun, 03 Nov 2024₹3.9t₹377.7b₹114.0b27.9x34.1x10.3x
Tue, 01 Oct 2024₹4.1t₹371.4b₹110.5b30.2x36.8x10.9x
Thu, 29 Aug 2024₹4.1t₹370.8b₹110.4b32.3x37x11x
Sat, 27 Jul 2024₹4.3t₹362.4b₹100.7b35.1x42.5x11.8x
Mon, 24 Jun 2024₹4.1t₹361.0b₹101.0b33.5x40.2x11.2x
Wed, 22 May 2024₹3.8t₹361.0b₹93.0b35.8x40.6x10.5x
Fri, 19 Apr 2024₹3.5t₹346.3b₹83.8b36.2x41.7x10.1x
Sun, 17 Mar 2024₹3.4t₹345.9b₹83.8b34.8x41.1x10x
Tue, 13 Feb 2024₹3.3t₹347.3b₹83.1b36.1x40x9.6x
Thu, 11 Jan 2024₹3.3t₹323.3b₹67.7b40.3x48.1x10.1x
Sat, 09 Dec 2023₹2.8t₹323.3b₹67.6b31.9x42.1x8.8x
Mon, 06 Nov 2023₹2.2t₹309.3b₹68.3b19.9x32.5x7.2x
Wed, 04 Oct 2023₹1.9t₹270.0b₹66.7b19.9x28.7x7.1x
Fri, 01 Sep 2023₹1.8t₹262.8b₹66.2b18.6x27.7x7x
Sun, 30 Jul 2023₹1.8t₹250.3b₹56.3b16.5x31.2x7x
Tue, 27 Jun 2023₹1.7t₹249.0b₹56.2b16x29.9x6.7x
Thu, 25 May 2023₹1.7t₹223.3b₹51.1b30.4x32.6x7.5x
Sat, 22 Apr 2023₹1.5t₹222.8b₹51.1b28x30x6.9x
Mon, 20 Mar 2023₹1.6t₹222.8b₹51.1b28.8x30.8x7x
Wed, 15 Feb 2023₹1.3t₹222.7b₹51.0b24x25.8x5.9x
Fri, 13 Jan 2023₹1.8t₹212.9b₹54.2b23.7x33.4x8.5x
Price to Earnings Ratio

33.4x


Total Market Cap: ₹1.8tTotal Earnings: ₹54.2bTotal Revenue: ₹212.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 32.6x202420252026
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 27.0x which is lower than its 3-year average PE of 32.6x.
  • 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 40% 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 Market1.84%
Industrials2.19%
Infrastructure1.98%
Marine Ports and Services2.00%
Highways and Railtracks0.65%
Airport Services-1.19%
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 31.8x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 27.4% 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 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the Airport Services industry is expected to see its earnings grow by 4.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ADANIPORTS Adani Ports and Special Economic Zone₹1.49k2.7%
+₹83.4b		28.4%PE27x
GMRAIRPORT GMR Airports₹105.743.7%
+₹39.9b		38.4%PS9x
HILINFRA Highway Infrastructure₹58.683.7%
+₹148.5m		n/aPE13.2x
ABSMARINE ABS Marine Services₹194.201.5%
+₹71.2m		0.2%PE9.5x
544383 Paradeep Parivahan₹163.302.7%
+₹67.7m		n/aPE7.2x

Latest News

JSWINFRA
₹281.70
JSW Infrastructure
7D
-0.7%
1Y
-10.7%

JSWINFRA: Elevated P/E Multiple Will Limit Upside Despite Revenue Guidance

Analysts have trimmed their price target for JSW Infrastructure slightly to reflect a fair value of about ₹256 per share, with the change tied to updated assumptions on discounted cash flows, expected revenue growth, profit margins, and a lower forward P/E multiple. What's in the News JSW Infrastructure has scheduled a Special or Extraordinary Shareholders Meeting for January 19, 2026, to be conducted via postal ballot in India (company event).
ADANIPORTS
₹1,493.00
Adani Ports and Special Economic Zone
7D
2.7%
1Y
28.4%

Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) Share Price Could Signal Some Risk

Dec 31
Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) Share Price Could Signal Some Risk
GMRAIRPORT
₹105.74
GMR Airports
7D
3.7%
1Y
38.4%

GMRAIRPORT: Upcoming Review Will Emphasize Fair Outlook Amid Steady Passenger Recovery

Analysts have nudged their price target on GMR Airports slightly higher to reflect modest improvements in the company’s discount rate and long term earnings outlook, valuing the stock at roughly ₹109.20 per share. What's in the News GMR Airports has scheduled a board meeting on November 13, 2025 to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other matters (company filing) The company reported total passenger traffic excluding Cebu of 27.8 million for the second quarter ended September 30, 2025, indicating continued demand recovery (company announcement) For the first half of fiscal 2026, GMR Airports reported cumulative total passenger traffic excluding Cebu of 57.9 million, reflecting strong throughput across its portfolio (company announcement) A special or extraordinary shareholders meeting will be conducted via postal ballot in India on January 16, 2026, with details to be communicated to shareholders (company notice) Valuation Changes Fair Value: Unchanged at approximately ₹109.20 per share, indicating no revision in the stock’s assessed intrinsic value.
GPPL
₹183.18
Gujarat Pipavav Port
7D
-1.5%
1Y
4.3%

GPPL: Elevated Earnings Multiple Will Constrain Future Upside Despite Higher Interim Dividend

Analysts have marginally reaffirmed their view on Gujarat Pipavav Port with no change in the fair value at ₹166.13 per share. This reflects fine tweaks to discount rate and forward valuation assumptions rather than a shift in the underlying earnings outlook.
HILINFRA
₹58.68
Highway Infrastructure
7D
3.7%
1Y
n/a

Highway Infrastructure (NSE:HILINFRA) Has A Pretty Healthy Balance Sheet

Dec 18
Highway Infrastructure (NSE:HILINFRA) Has A Pretty Healthy Balance Sheet
DREAMFOLKS
₹107.34
Dreamfolks Services
7D
-1.2%
1Y
-72.3%

DREAMFOLKS: Upcoming Acquisition Will Drive Future Travel Services Expansion

Analysts have modestly reiterated their view on Dreamfolks Services, keeping the target near ₹140.0. They believe the unchanged discount rate, revenue growth expectations, profit margin outlook, and valuation multiples continue to fairly reflect the company’s risk reward profile. What's in the News The Board has convened a meeting on December 1, 2025 to approve an investment of about INR 360 million for acquiring a 60.24 percent stake in ETT Solutions DMCC.
ABSMARINE
₹194.20
ABS Marine Services
7D
1.5%
1Y
0.2%
ATL
₹27.72
Allcargo Terminals
7D
-1.3%
1Y
-24.9%

Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)

Nov 25
Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)
544383
₹163.30
Paradeep Parivahan
7D
2.7%
1Y
n/a
533427
₹29.93
VMS Industries
7D
9.8%
1Y
-25.0%
523618
₹971.70
Dredging Corporation of India
7D
-0.4%
1Y
23.6%
543364
₹158.60
Markolines Pavement Technologies
7D
-2.5%
1Y
2.4%
JITFINFRA
₹267.25
JITF Infralogistics
7D
-2.4%
1Y
-59.1%

Returns On Capital Are Showing Encouraging Signs At JITF Infralogistics (NSE:JITFINFRA)

Oct 31
Returns On Capital Are Showing Encouraging Signs At JITF Infralogistics (NSE:JITFINFRA)
520086
₹86.45
Sical Logistics
7D
-5.2%
1Y
-40.9%
ANANTAM
₹104.07
Anantam Highways Trust
7D
0.3%
1Y
n/a
533177
₹3.00
IL&FS Transportation Networks
7D
7.1%
1Y
-45.5%