Analysis Article • Aug 01
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Indian (NIFTY) Infrastructure Industry Analysis
UpdatedAug 03, 2026
DataAggregated Company Financials
Companies19
- 7D-3.7%
- 3M-0.3%
- 1Y20.8%
- YTD12.9%
Over the last 7 days, the Infrastructure industry has dropped 3.7%, driven by Adani Ports and Special Economic Zone declining 4.1%. On the other hand Dredging Corporation of India is actually up 14%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Indian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Aug 2026 | ₹4.8t | ₹540.1b | ₹158.1b | 18x | 30.5x | 8.9x |
| Wed, 01 Jul 2026 | ₹5.0t | ₹520.4b | ₹155.3b | 15.7x | 32.4x | 9.7x |
| Fri, 29 May 2026 | ₹5.0t | ₹520.9b | ₹156.2b | 12.5x | 31.8x | 9.5x |
| Sun, 26 Apr 2026 | ₹4.4t | ₹494.6b | ₹152.9b | 11.2x | 28.8x | 8.9x |
| Tue, 24 Mar 2026 | ₹3.7t | ₹493.6b | ₹152.6b | 9.1x | 24x | 7.4x |
| Thu, 19 Feb 2026 | ₹4.3t | ₹493.6b | ₹152.6b | 11.8x | 28.2x | 8.7x |
| Sat, 17 Jan 2026 | ₹4.0t | ₹476.6b | ₹148.3b | 12x | 27x | 8.4x |
| Mon, 15 Dec 2025 | ₹4.1t | ₹476.0b | ₹148.1b | 13.7x | 27.4x | 8.5x |
| Wed, 12 Nov 2025 | ₹4.0t | ₹476.9b | ₹147.6b | 15.7x | 26.9x | 8.3x |
| Fri, 10 Oct 2025 | ₹3.8t | ₹442.8b | ₹136.2b | 16.9x | 28x | 8.6x |
| Sun, 07 Sep 2025 | ₹3.6t | ₹442.8b | ₹136.2b | 17.9x | 26.7x | 8.2x |
| Tue, 05 Aug 2025 | ₹3.8t | ₹415.4b | ₹133.2b | 17.8x | 28.4x | 9.1x |
| Thu, 03 Jul 2025 | ₹3.9t | ₹413.0b | ₹132.2b | 18.8x | 29.7x | 9.5x |
| Sat, 31 May 2025 | ₹3.9t | ₹414.0b | ₹132.2b | 16.9x | 29.2x | 9.3x |
| Mon, 28 Apr 2025 | ₹3.3t | ₹392.6b | ₹117.0b | 19.3x | 28.6x | 8.5x |
| Wed, 26 Mar 2025 | ₹3.3t | ₹393.0b | ₹117.3b | 17.3x | 28.3x | 8.4x |
| Fri, 21 Feb 2025 | ₹3.0t | ₹390.7b | ₹117.1b | 18.9x | 25.9x | 7.8x |
| Sun, 19 Jan 2025 | ₹3.3t | ₹377.6b | ₹114.1b | 24.4x | 29x | 8.8x |
| Tue, 17 Dec 2024 | ₹3.6t | ₹377.6b | ₹114.1b | 25.1x | 31.1x | 9.4x |
| Thu, 14 Nov 2024 | ₹3.6t | ₹377.8b | ₹114.1b | 23.7x | 31.3x | 9.5x |
| Sat, 12 Oct 2024 | ₹3.9t | ₹371.8b | ₹110.4b | 29.5x | 35.6x | 10.6x |
| Mon, 09 Sep 2024 | ₹4.0t | ₹370.8b | ₹110.4b | 31.3x | 36x | 10.7x |
| Wed, 07 Aug 2024 | ₹4.1t | ₹369.6b | ₹110.7b | 34.4x | 36.9x | 11.1x |
| Fri, 05 Jul 2024 | ₹4.2t | ₹361.0b | ₹101.0b | 37.5x | 41.8x | 11.7x |
| Sun, 02 Jun 2024 | ₹3.9t | ₹361.9b | ₹92.9b | 35.9x | 41.8x | 10.7x |
| Tue, 30 Apr 2024 | ₹3.6t | ₹346.3b | ₹83.8b | 37.6x | 42.5x | 10.3x |
| Thu, 28 Mar 2024 | ₹3.6t | ₹345.9b | ₹83.8b | 35.3x | 42.5x | 10.3x |
| Sat, 24 Feb 2024 | ₹3.6t | ₹345.9b | ₹83.8b | 38.4x | 43.1x | 10.4x |
| Mon, 22 Jan 2024 | ₹3.2t | ₹323.3b | ₹67.7b | 37.9x | 47.5x | 9.9x |
| Wed, 20 Dec 2023 | ₹3.0t | ₹323.3b | ₹67.6b | 32x | 43.6x | 9.1x |
| Fri, 17 Nov 2023 | ₹2.3t | ₹323.1b | ₹68.1b | 27.3x | 34x | 7.2x |
| Sun, 15 Oct 2023 | ₹2.2t | ₹306.3b | ₹67.0b | 21.2x | 33.5x | 7.3x |
| Tue, 12 Sep 2023 | ₹2.0t | ₹262.9b | ₹66.2b | 23x | 30.7x | 7.7x |
| Thu, 10 Aug 2023 | ₹1.8t | ₹262.0b | ₹65.8b | 17.9x | 27.8x | 7x |
Price to Earnings Ratio
27.8x
Current Industry PE
- Investors are relatively neutral on the Indian Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 32.5x.
- The industry is trading close to its 3-year average PS ratio of 9.1x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 41% per year over the last three years.
- Revenues for these companies have grown 29% 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 | 2.00% | |
| Industrials | 0.64% | |
| Infrastructure | -3.67% | |
| Highways and Railtracks | 0.26% | |
| Airport Services | -0.55% | |
| Marine Ports and Services | -3.70% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry, which is trading close to its 3-year average PE ratio of 32.3x.
- Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 29.8% 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 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 30% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 523618 Dredging Corporation of India | ₹1.14k | 13.5% +₹3.8b | 72.3% | PE671.5x | |
| 520086 Sical Logistics | ₹111.22 | 14.0% +₹1.1b | 1.1% | PE18x | |
| GPPL Gujarat Pipavav Port | ₹150.27 | 0.7% +₹502.8m | -5.9% | PE14.1x | |
| HILINFRA Highway Infrastructure | ₹45.90 | 4.6% +₹145.6m | n/a | PE10.3x | |
| SADBHIN Sadbhav Infrastructure Project | ₹2.64 | 16.8% +₹133.8m | -34.7% | PS0.1x |
