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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies19
  • 7D-0.7%
  • 3M7.5%
  • 1Y23.1%
  • YTD12.7%

Over the last 7 days, the Infrastructure industry has dropped 1.7%, driven by a pullback from Adani Ports and Special Economic Zone of 0.5%. On the other hand GMR Airports is actually up 8.1%. In the past year, the industry has gained 9.6%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025₹4.0t₹476.6b₹147.9b15.3x26.9x8.3x
Sun, 19 Oct 2025₹4.0t₹455.0b₹140.3b15.6x28.5x8.8x
Tue, 16 Sep 2025₹3.8t₹442.8b₹136.2b17.1x28.1x8.6x
Thu, 14 Aug 2025₹3.6t₹442.3b₹135.6b19.2x26.8x8.2x
Sat, 12 Jul 2025₹3.9t₹413.0b₹132.2b17x29.6x9.5x
Mon, 09 Jun 2025₹4.0t₹413.0b₹132.2b17.4x30x9.6x
Wed, 07 May 2025₹3.6t₹410.3b₹128.5b17.7x27.8x8.7x
Fri, 04 Apr 2025₹3.4t₹393.0b₹117.3b18.4x29x8.6x
Sun, 02 Mar 2025₹3.0t₹390.7b₹117.1b17.5x25.3x7.6x
Tue, 28 Jan 2025₹3.0t₹377.6b₹114.1b23.2x26.6x8x
Thu, 26 Dec 2024₹3.4t₹377.6b₹114.1b23.7x29.8x9x
Sat, 23 Nov 2024₹3.3t₹377.6b₹114.1b24.4x28.7x8.7x
Mon, 21 Oct 2024₹3.9t₹371.8b₹110.4b29.2x35.5x10.5x
Wed, 18 Sep 2024₹4.0t₹371.4b₹110.5b30.4x36.2x10.8x
Fri, 16 Aug 2024₹4.0t₹370.8b₹110.4b32.6x36.4x10.8x
Sun, 14 Jul 2024₹4.2t₹361.4b₹101.0b37x41.1x11.5x
Tue, 11 Jun 2024₹3.8t₹360.9b₹101.0b31.8x37.3x10.4x
Thu, 09 May 2024₹3.5t₹362.5b₹93.0b35.9x37.3x9.6x
Sat, 06 Apr 2024₹3.7t₹346.3b₹83.8b37.6x44.1x10.7x
Mon, 04 Mar 2024₹3.6t₹345.9b₹83.8b38.1x43.4x10.5x
Wed, 31 Jan 2024₹3.2t₹323.5b₹67.2b39.5x47.7x9.9x
Fri, 29 Dec 2023₹2.8t₹323.3b₹67.6b31.7x41.4x8.7x
Sun, 26 Nov 2023₹2.3t₹323.3b₹67.6b27.4x34.1x7.1x
Tue, 24 Oct 2023₹2.1t₹306.3b₹67.0b21.3x32x7x
Thu, 21 Sep 2023₹1.9t₹270.0b₹66.7b18.7x28.4x7x
Sat, 19 Aug 2023₹1.9t₹262.8b₹66.2b16.9x29.1x7.3x
Mon, 17 Jul 2023₹1.7t₹250.4b₹56.3b16.9x30x6.8x
Wed, 14 Jun 2023₹1.7t₹248.6b₹55.3b17.7x30.8x6.9x
Fri, 12 May 2023₹1.6t₹222.8b₹51.1b30x32.1x7.4x
Sun, 09 Apr 2023₹1.5t₹222.8b₹51.1b27.2x29.2x6.7x
Tue, 07 Mar 2023₹1.6t₹222.8b₹51.1b29.3x31.3x7.2x
Thu, 02 Feb 2023₹1.2t₹213.1b₹52.9b20x21.9x5.5x
Sat, 31 Dec 2022₹1.9t₹212.9b₹54.2b25.3x34.5x8.8x
Mon, 28 Nov 2022₹2.0t₹207.6b₹53.7b24.4x37.1x9.6x
Price to Earnings Ratio

37.1x


Total Market Cap: ₹2.0tTotal Earnings: ₹53.7bTotal Revenue: ₹207.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 33x202320242025
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 33.0x.
  • 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 32% 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 Market0.34%
Industrials-0.059%
Infrastructure-0.69%
Marine Ports and Services-0.66%
Highways and Railtracks-2.56%
Airport Services-6.15%
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 32.0x.
    • Analysts are expecting annual earnings growth of 14.6%, which is lower than the prior year's growth of 21.9% 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.
  • In contrast, the Airport Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GMRAIRPORT GMR Airports₹103.278.1%
+₹82.1b
34.4%PS8.8x
523618 Dredging Corporation of India₹879.8013.4%
+₹2.9b
9.0%PS2x
GPPL Gujarat Pipavav Port₹177.311.4%
+₹1.2b
5.4%PE18x
544383 Paradeep Parivahan₹167.156.2%
+₹156.0m
n/aPE7.4x

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