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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies19
  • 7D1.4%
  • 3M-8.2%
  • 1Y7.8%
  • YTD-7.8%

Over the last 7 days, the Infrastructure industry has dropped 1.8%, and Dredging Corporation of India contributed the most with a 1.4% decline. Over the past 12 months, the industry was up 9.4%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026₹3.9t₹493.6b₹152.6b9.3x25.4x7.8x
Sun, 22 Feb 2026₹4.2t₹493.6b₹152.6b11.4x27.5x8.5x
Tue, 20 Jan 2026₹4.0t₹478.2b₹148.6b12.2x26.8x8.3x
Thu, 18 Dec 2025₹4.0t₹476.0b₹148.1b13x26.8x8.3x
Sat, 15 Nov 2025₹4.0t₹476.9b₹147.8b15.5x27.4x8.5x
Mon, 13 Oct 2025₹3.8t₹442.8b₹136.2b16.8x28.2x8.7x
Wed, 10 Sep 2025₹3.8t₹442.8b₹136.2b17.1x27.8x8.6x
Fri, 08 Aug 2025₹3.7t₹437.1b₹135.3b17x27.2x8.4x
Sun, 06 Jul 2025₹3.9t₹413.0b₹132.2b17.4x29.2x9.4x
Tue, 03 Jun 2025₹3.9t₹414.0b₹132.2b17.2x29.7x9.5x
Thu, 01 May 2025₹3.4t₹392.6b₹117.0b18.3x28.8x8.6x
Sat, 29 Mar 2025₹3.3t₹393.0b₹117.3b16.9x28.5x8.5x
Mon, 24 Feb 2025₹3.0t₹390.7b₹117.1b18.8x25.8x7.7x
Wed, 22 Jan 2025₹3.2t₹377.6b₹114.1b23.5x27.7x8.4x
Fri, 20 Dec 2024₹3.5t₹377.6b₹114.1b25.2x30.3x9.2x
Sun, 17 Nov 2024₹3.5t₹377.9b₹113.5b25.5x31x9.3x
Tue, 15 Oct 2024₹3.9t₹371.8b₹110.4b29.5x35.6x10.6x
Thu, 12 Sep 2024₹4.0t₹370.8b₹110.4b33.1x36.2x10.8x
Sat, 10 Aug 2024₹4.2t₹370.5b₹111.1b34.2x37.8x11.3x
Mon, 08 Jul 2024₹4.2t₹361.0b₹101.0b37.3x41.8x11.7x
Wed, 05 Jun 2024₹3.4t₹361.9b₹92.9b33.2x37x9.5x
Fri, 03 May 2024₹3.6t₹372.4b₹92.7b37.3x39.2x9.7x
Sun, 31 Mar 2024₹3.6t₹345.9b₹83.8b35.8x43x10.4x
Tue, 27 Feb 2024₹3.6t₹345.9b₹83.8b38.7x43.3x10.5x
Thu, 25 Jan 2024₹3.0t₹323.5b₹67.2b38.1x45.3x9.4x
Sat, 23 Dec 2023₹2.8t₹323.3b₹67.6b31.8x42x8.8x
Mon, 20 Nov 2023₹2.3t₹323.3b₹67.6b27.7x34.6x7.2x
Wed, 18 Oct 2023₹2.2t₹306.3b₹67.0b21.2x33.5x7.3x
Fri, 15 Sep 2023₹2.0t₹270.0b₹66.7b19.6x29.5x7.3x
Sun, 13 Aug 2023₹1.9t₹263.0b₹66.2b17.2x28.1x7.1x
Tue, 11 Jul 2023₹1.7t₹249.0b₹56.2b16x29.8x6.7x
Thu, 08 Jun 2023₹1.7t₹248.6b₹55.3b17.2x31.1x6.9x
Sat, 06 May 2023₹1.6t₹222.8b₹51.1b29x31x7.1x
Mon, 03 Apr 2023₹1.5t₹222.8b₹51.1b26.8x28.7x6.6x
Price to Earnings Ratio

28.7x


Total Market Cap: ₹1.5tTotal Earnings: ₹51.1bTotal Revenue: ₹222.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 32.5x202420252026
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 25.4x which is lower than its 3-year average PE of 32.5x.
  • The 3-year average PS ratio of 8.8x is higher than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 30% 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 Market1.06%
Industrials0.71%
Infrastructure1.45%
Marine Ports and Services1.47%
Highways and Railtracks-0.79%
Airport Services-3.14%
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 31.9x.
    • Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 38.5% 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 Airport Services industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 42% per year.
  • In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 16% 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₹1.38k1.5%
+₹45.8b		15.0%PE25.4x
GMRAIRPORT GMR Airports₹90.061.8%
+₹17.0b		18.6%PS6.9x
JSWINFRA JSW Infrastructure₹258.202.0%
+₹10.3b		-20.0%PE33.3x
520086 Sical Logistics₹65.472.2%
+₹112.5m		-23.0%PE8.9x
GPPL Gujarat Pipavav Port₹149.790.1%
+₹101.5m		5.4%PE14.9x

Latest News

GPPL
₹149.79
Gujarat Pipavav Port
7D
0.1%
1Y
5.4%

GPPL: Upcoming Results Review Will Support Bullish Outlook On Steady Assumptions

Analysts have kept the price target for Gujarat Pipavav Port steady at ₹176.25, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for February 10, 2026, to review and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (company filing).
DREAMFOLKS
₹68.43
Dreamfolks Services
7D
-3.1%
1Y
-69.5%

DREAMFOLKS: Stable Assumptions And Upcoming Governance Decisions Will Support Future Upside

Analysts have maintained their price target on Dreamfolks Services at ₹140, citing unchanged assumptions around discount rate, revenue decline, profit margin and forward P/E. This keeps their valuation view steady for now.
GMRAIRPORT
₹90.06
GMR Airports
7D
1.8%
1Y
18.6%

GMRAIRPORT: Cargo Terminal 1 Concession Will Support Upside Potential

Analysts have maintained their fair value target for GMR Airports at ₹113.83, with only marginal adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E contributing to this unchanged assessment. What's in the News GMR Airports received a Letter of Award from Delhi International Airport Limited to upgrade, modernize, finance, operate, manage and maintain Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi under the Delhi Cargo Terminal 1 Concession (Key Developments).
ADANIPORTS
₹1,375.90
Adani Ports and Special Economic Zone
7D
1.5%
1Y
15.0%

ADANIPORTS: Port Expansion And UAE Logistics Platform Will Support Future Earnings

Analysts have nudged their fair value estimate for Adani Ports and Special Economic Zone slightly lower, with the price target moving from about ₹1,843 to ₹1,841 as small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs offset each other. What's in the News Revised earnings guidance for FY 2026, with revenue now expected at ₹380,000 million, compared with the earlier range of ₹360,000 million to ₹380,000 million.
SADBHIN
₹2.37
Sadbhav Infrastructure Project
7D
-12.2%
1Y
-44.6%
JSWINFRA
₹258.20
JSW Infrastructure
7D
2.0%
1Y
-20.0%

JSWINFRA: Planned Equity Issue Will Support Aggressive Port Capacity Expansion

Analysts have slightly trimmed their price target for JSW Infrastructure from ₹334.87 to ₹333.31, citing updated assumptions on revenue growth, profit margins, and future P/E levels. What's in the News Board meeting scheduled on March 5, 2026, to consider granting 220,960 stock options to eligible employees under the OPJ ESOP Plan 2026, indicating continued use of equity based incentives (company filing).
520086
₹65.47
Sical Logistics
7D
2.2%
1Y
-23.0%
543391
₹102.00
Suyog Gurbaxani Funicular Ropeways
7D
1.0%
1Y
-25.0%
543364
₹147.00
Markolines Pavement Technologies
7D
-2.7%
1Y
11.4%
ATL
₹21.47
Allcargo Terminals
7D
-4.6%
1Y
-4.5%
JITFINFRA
₹306.70
JITF Infralogistics
7D
-3.9%
1Y
-21.3%
HILINFRA
₹46.42
Highway Infrastructure
7D
-3.7%
1Y
n/a
523618
₹855.45
Dredging Corporation of India
7D
-1.4%
1Y
54.8%
544383
₹154.50
Paradeep Parivahan
7D
2.0%
1Y
84.8%
NAVKARCORP
₹82.79
Navkar
7D
-1.9%
1Y
-21.3%
ABSMARINE
₹162.70
ABS Marine Services
7D
0.5%
1Y
76.6%