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

Indian (NIFTY) Infrastructure Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies19
  • 7D4.7%
  • 3M-2.1%
  • 1Y20.3%
  • YTD-3.5%

The Infrastructure industry is up 4.2% in the last week, with Adani Ports and Special Economic Zone up 4.9%. This means that the industry has gained 14% over the past year. 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
Thu, 09 Apr 2026₹4.1t₹493.6b₹152.6b10.3x26.5x8.2x
Sat, 07 Mar 2026₹4.1t₹493.6b₹152.6b10.3x27.1x8.4x
Mon, 02 Feb 2026₹3.8t₹478.2b₹148.6b11.3x25.7x8x
Wed, 31 Dec 2025₹3.9t₹476.0b₹148.1b12.7x26.6x8.3x
Fri, 28 Nov 2025₹4.0t₹476.0b₹148.1b12.7x27.1x8.4x
Sun, 26 Oct 2025₹3.9t₹455.0b₹140.3b16.5x27.7x8.5x
Tue, 23 Sep 2025₹4.0t₹442.8b₹136.2b17.4x29.2x9x
Thu, 21 Aug 2025₹3.8t₹443.4b₹135.7b19.3x27.7x8.5x
Sat, 19 Jul 2025₹3.9t₹413.0b₹132.2b17.2x29.6x9.5x
Mon, 16 Jun 2025₹3.8t₹413.0b₹132.2b18.3x28.9x9.3x
Wed, 14 May 2025₹3.7t₹410.3b₹128.5b19.3x28.8x9x
Fri, 11 Apr 2025₹3.2t₹392.8b₹117.3b17.8x27.1x8.1x
Sun, 09 Mar 2025₹3.2t₹390.7b₹117.1b18.9x27x8.1x
Tue, 04 Feb 2025₹3.0t₹390.6b₹117.9b22.7x25.8x7.8x
Thu, 02 Jan 2025₹3.5t₹377.6b₹114.1b24.1x30.7x9.3x
Sat, 30 Nov 2024₹3.4t₹377.6b₹114.1b26.2x29.9x9x
Mon, 28 Oct 2024₹3.6t₹371.8b₹110.4b26.9x32.8x9.8x
Wed, 25 Sep 2024₹4.1t₹371.4b₹110.5b30.6x37.1x11x
Fri, 23 Aug 2024₹4.1t₹370.8b₹110.4b32.7x37.1x11.1x
Sun, 21 Jul 2024₹4.1t₹362.4b₹100.7b35x40.2x11.2x
Tue, 18 Jun 2024₹3.9t₹361.0b₹101.0b32.4x38.8x10.9x
Thu, 16 May 2024₹3.6t₹359.8b₹93.0b35x39x10.1x
Sat, 13 Apr 2024₹3.6t₹346.3b₹83.8b36.8x43.1x10.4x
Mon, 11 Mar 2024₹3.6t₹345.9b₹83.8b36x42.7x10.4x
Wed, 07 Feb 2024₹3.4t₹346.4b₹82.0b36.9x41.5x9.8x
Fri, 05 Jan 2024₹3.0t₹323.3b₹67.7b37x45.1x9.4x
Sun, 03 Dec 2023₹2.4t₹323.3b₹67.6b27.4x35.6x7.4x
Tue, 31 Oct 2023₹2.2t₹307.4b₹67.1b19.7x32.6x7.1x
Thu, 28 Sep 2023₹1.9t₹270.0b₹66.7b19.2x28.8x7.1x
Sat, 26 Aug 2023₹1.9t₹262.8b₹66.2b16.7x28.1x7.1x
Mon, 24 Jul 2023₹1.7t₹250.3b₹56.3b16.5x30.2x6.8x
Wed, 21 Jun 2023₹1.7t₹249.2b₹56.2b15.8x30.4x6.8x
Fri, 19 May 2023₹1.5t₹222.8b₹51.1b28.2x30.3x6.9x
Sun, 16 Apr 2023₹1.5t₹222.8b₹51.1b28x30x6.9x
Price to Earnings Ratio

30x


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 32.4x202420252026
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 25.1x which is lower than its 3-year average PE of 32.4x.
  • 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 Market5.58%
Industrials6.56%
Infrastructure4.71%
Airport Services15.00%
Highways and Railtracks4.71%
Marine Ports and Services4.70%
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 15.0%, 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
ADANIPORTS Adani Ports and Special Economic Zone₹1.45k4.9%
+₹156.4b		28.4%PE26.8x
GMRAIRPORT GMR Airports₹95.827.3%
+₹69.0b		11.6%PS7.4x
JSWINFRA JSW Infrastructure₹254.922.8%
+₹14.5b		-12.4%PE32.8x
GPPL Gujarat Pipavav Port₹153.314.5%
+₹3.2b		13.7%PE15.3x
NAVKARCORP Navkar₹92.3116.1%
+₹1.9b		9.5%PS2.3x

Latest News

GMRAIRPORT
₹95.82
GMR Airports
7D
7.3%
1Y
11.6%

GMRAIRPORT: New Delhi Cargo Award Will Support Future Upside Potential

Analysts have lifted their price target on GMR Airports from ₹128.00 to ₹130.00, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. 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 on a revenue share model until up to 2036, with an estimated revenue share of ₹3,400 million in the first full year of operations (company announcement).
ADANIPORTS
₹1,453.30
Adani Ports and Special Economic Zone
7D
4.9%
1Y
28.4%

ADANIPORTS: UAE Logistics Expansion And Vizhinjam Project Will Support Future Earnings

Analysts have trimmed their price target for Adani Ports and Special Economic Zone to ₹1,832.61 from ₹1,841.13, citing updated assumptions around slightly lower revenue growth, a more conservative profit margin profile, a modestly higher discount rate, and a higher future P/E multiple. What's in the News Revised earnings guidance for FY 2026, with revenue now expected at ₹380,000 million, compared with the previous range of ₹360,000 million to ₹380,000 million (Corporate guidance).
ABSMARINE
₹204.00
ABS Marine Services
7D
25.0%
1Y
98.4%
ATL
₹25.56
Allcargo Terminals
7D
22.4%
1Y
8.6%
544383
₹148.50
Paradeep Parivahan
7D
-3.5%
1Y
77.4%
JSWINFRA
₹254.92
JSW Infrastructure
7D
2.8%
1Y
-12.4%

JSWINFRA: Planned Equity Issuance Will Support Future Port Capacity Expansion

Analysts have kept their price target for JSW Infrastructure steady at ₹333.31, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting set for March 5, 2026 to consider granting 220,960 employee stock options under the OPJ ESOP Plan 2026, indicating continued use of equity based incentives for eligible employees (Board Meeting).
GPPL
₹153.31
Gujarat Pipavav Port
7D
4.5%
1Y
13.7%

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).
523618
₹887.75
Dredging Corporation of India
7D
7.1%
1Y
71.4%
NAVKARCORP
₹92.31
Navkar
7D
16.1%
1Y
9.5%