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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies19
  • 7D0.6%
  • 3M-1.5%
  • 1Y34.0%
  • YTD0.5%

The Infrastructure is pretty flat in the last 7 days, but Dredging Corporation of India has stood out, gaining 4.8%. The past year has been better, since the industry has gained 34% in that time. 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
Mon, 02 Mar 2026₹4.2t₹493.6b₹152.6b11.1x27.6x8.5x
Wed, 28 Jan 2026₹3.9t₹478.2b₹148.6b11.2x26x8.1x
Fri, 26 Dec 2025₹4.0t₹476.0b₹148.1b12.9x27.2x8.5x
Sun, 23 Nov 2025₹3.9t₹475.4b₹147.9b15x26.7x8.3x
Tue, 21 Oct 2025₹4.0t₹455.0b₹140.3b15.8x28.5x8.8x
Thu, 18 Sep 2025₹3.9t₹442.8b₹136.2b16.7x28.5x8.8x
Sat, 16 Aug 2025₹3.6t₹443.4b₹135.7b19x26.5x8.1x
Mon, 14 Jul 2025₹3.9t₹413.0b₹132.2b17.3x29.5x9.5x
Wed, 11 Jun 2025₹4.0t₹413.0b₹132.2b18.5x30.2x9.7x
Fri, 09 May 2025₹3.6t₹410.3b₹128.5b17.9x28x8.8x
Sun, 06 Apr 2025₹3.3t₹392.8b₹117.3b18.3x27.7x8.3x
Tue, 04 Mar 2025₹2.9t₹390.7b₹117.1b17.8x24.9x7.5x
Thu, 30 Jan 2025₹3.1t₹377.7b₹114.0b22.7x27.2x8.2x
Sat, 28 Dec 2024₹3.5t₹377.6b₹114.1b23.7x30.9x9.3x
Mon, 25 Nov 2024₹3.3t₹377.6b₹114.1b24.4x28.7x8.7x
Wed, 23 Oct 2024₹3.8t₹371.8b₹110.4b28x34.1x10.1x
Fri, 20 Sep 2024₹3.9t₹371.4b₹110.5b29.8x35.7x10.6x
Sun, 18 Aug 2024₹4.1t₹370.8b₹110.4b32.6x37.1x11x
Tue, 16 Jul 2024₹4.2t₹361.4b₹101.0b37x41.3x11.5x
Thu, 13 Jun 2024₹3.8t₹360.9b₹101.0b31.8x37.8x10.6x
Sat, 11 May 2024₹3.4t₹362.5b₹93.0b35.3x37x9.5x
Mon, 08 Apr 2024₹3.7t₹346.3b₹83.8b37.6x44.1x10.7x
Wed, 06 Mar 2024₹3.6t₹345.9b₹83.8b36.7x43.2x10.5x
Fri, 02 Feb 2024₹3.3t₹323.5b₹67.2b40.2x48.9x10.2x
Sun, 31 Dec 2023₹2.8t₹323.3b₹67.7b31.5x41.6x8.7x
Tue, 28 Nov 2023₹2.3t₹323.3b₹67.6b27.4x34.1x7.1x
Thu, 26 Oct 2023₹2.1t₹306.3b₹67.0b20.9x31.9x7x
Sat, 23 Sep 2023₹1.9t₹270.0b₹66.7b19.3x28.7x7.1x
Mon, 21 Aug 2023₹1.9t₹262.8b₹66.2b16.9x29.1x7.3x
Wed, 19 Jul 2023₹1.7t₹250.4b₹56.3b16.5x30.2x6.8x
Fri, 16 Jun 2023₹1.7t₹248.5b₹55.3b17.8x30.9x6.9x
Sun, 14 May 2023₹1.6t₹222.8b₹51.1b29.7x31.7x7.3x
Tue, 11 Apr 2023₹1.5t₹222.8b₹51.1b27.6x29.2x6.7x
Thu, 09 Mar 2023₹1.6t₹222.8b₹51.1b30.2x32.1x7.4x
Price to Earnings Ratio

32.1x


Total Market Cap: ₹1.6tTotal Earnings: ₹51.1bTotal Revenue: ₹222.8bTotal 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 27.6x 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 8.8x.
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 Market-0.79%
Industrials0.13%
Infrastructure0.58%
Marine Ports and Services0.60%
Highways and Railtracks-1.30%
Airport Services-4.36%
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 15.5%, 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 15% 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
523618 Dredging Corporation of India₹979.754.8%
+₹1.3b		89.4%PS2.3x

Latest News

GMRAIRPORT
₹96.49
GMR Airports
7D
-4.3%
1Y
38.2%

GMRAIRPORT: Revised Outlook Will Balance Lower Risk With Moderate Profit Expectations

Analysts have raised their fair value estimate for GMR Airports from ₹80.00 to ₹93.00, reflecting updated views on a lower discount rate, revised revenue growth assumptions, a higher profit margin outlook and an adjusted future P/E multiple. What's in the News Board meeting scheduled on Feb 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025 (company filing).
GPPL
₹172.19
Gujarat Pipavav Port
7D
-3.0%
1Y
33.3%

GPPL: Upcoming Results Meeting Will Support Bullish Long Term Outlook

Analysts have lifted their price target for Gujarat Pipavav Port from ₹205.00 to ₹215.00, citing updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled for February 10, 2026 to consider and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments) The board meeting will also review unaudited consolidated financial results for the same quarter and nine month period, providing investors with a combined view of group performance (Key Developments) The upcoming results discussion may offer insight into revenue, margins and volume trends ahead of the financial year end, which many investors track closely (Key Developments) Valuation Changes Fair Value: Updated upward from ₹205.00 to ₹215.00, representing a modest increase in the assessed value per share based on the revised assumptions.
ADANIPORTS
₹1,470.30
Adani Ports and Special Economic Zone
7D
-5.5%
1Y
39.6%

ADANIPORTS: Port Expansion And Dubai Logistics Subsidiary Will Support Future Earnings

Analysts have maintained their fair value estimate for Adani Ports and Special Economic Zone at ₹1,838.19 per share, with only very small adjustments to inputs such as the discount rate and future P/E. This reflects a broadly unchanged view on the stock's risk and earnings profile.
JSWINFRA
₹251.70
JSW Infrastructure
7D
-2.8%
1Y
2.0%

JSWINFRA: Elevated P/E Will Temper Upside As Revenue Outlook And Margins Shift

Analysts have lifted their price target on JSW Infrastructure from ₹256.22 to ₹280.00, citing updated assumptions that combine a slightly lower discount rate, higher revenue growth expectations, a reduced profit margin outlook, and a moderately higher future P/E multiple. What's in the News Board meeting scheduled for Jan 16, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
ATL
₹24.12
Allcargo Terminals
7D
-6.4%
1Y
-11.0%
JITFINFRA
₹358.75
JITF Infralogistics
7D
-3.4%
1Y
-1.0%
HILINFRA
₹52.66
Highway Infrastructure
7D
-7.4%
1Y
n/a
523618
₹979.75
Dredging Corporation of India
7D
4.8%
1Y
89.4%
NAVKARCORP
₹88.71
Navkar
7D
-6.7%
1Y
-6.6%