Indian (NIFTY) Machinery Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 25 Jun 2026	₹12.5t	₹3.7t	₹283.7b	28.4x	43.9x	3.4x
Sat, 23 May 2026	₹11.6t	₹3.6t	₹281.6b	26.6x	41.2x	3.2x
Mon, 20 Apr 2026	₹11.6t	₹2.7t	₹248.1b	27.1x	46.8x	4.3x
Wed, 18 Mar 2026	₹10.6t	₹2.7t	₹248.3b	23.1x	42.7x	3.9x
Fri, 13 Feb 2026	₹11.5t	₹2.7t	₹247.9b	25.6x	46.3x	4.3x
Sun, 11 Jan 2026	₹10.9t	₹2.6t	₹241.2b	27.5x	45.1x	4.2x
Tue, 09 Dec 2025	₹10.4t	₹2.6t	₹240.6b	28.1x	43.2x	4x
Thu, 06 Nov 2025	₹10.1t	₹2.7t	₹249.6b	31.7x	40.6x	3.8x
Sat, 04 Oct 2025	₹10.1t	₹2.7t	₹248.5b	32.3x	40.8x	3.8x
Mon, 01 Sep 2025	₹9.7t	₹2.7t	₹248.7b	31.5x	39.1x	3.6x
Wed, 30 Jul 2025	₹10.0t	₹2.6t	₹239.7b	33.6x	41.6x	3.8x
Fri, 27 Jun 2025	₹9.9t	₹2.6t	₹236.1b	34.1x	41.8x	3.8x
Sun, 25 May 2025	₹9.3t	₹2.6t	₹232.4b	32.7x	40.2x	3.6x
Tue, 22 Apr 2025	₹8.6t	₹2.5t	₹226.2b	31.9x	37.9x	3.4x
Thu, 20 Mar 2025	₹8.3t	₹2.5t	₹226.1b	29.4x	36.8x	3.3x
Sat, 15 Feb 2025	₹8.0t	₹2.5t	₹226.9b	31.3x	35.1x	3.2x
Mon, 13 Jan 2025	₹9.2t	₹2.4t	₹225.4b	38.1x	40.8x	3.8x
Wed, 11 Dec 2024	₹10.0t	₹2.4t	₹223.3b	40.2x	45x	4.2x
Fri, 08 Nov 2024	₹10.0t	₹2.4t	₹214.3b	38.3x	46.5x	4.2x
Sun, 06 Oct 2024	₹10.1t	₹2.4t	₹211.5b	39.5x	47.7x	4.3x
Tue, 03 Sep 2024	₹10.3t	₹2.3t	₹210.4b	40.4x	48.9x	4.4x
Thu, 01 Aug 2024	₹11.1t	₹2.3t	₹205.8b	41.9x	53.7x	4.8x
Sat, 29 Jun 2024	₹10.9t	₹2.3t	₹203.7b	40.6x	53.5x	4.8x
Mon, 27 May 2024	₹9.8t	₹2.3t	₹201.7b	40.2x	48.8x	4.3x
Wed, 24 Apr 2024	₹8.4t	₹2.2t	₹188.4b	39.6x	44.7x	3.8x
Fri, 22 Mar 2024	₹7.5t	₹2.2t	₹190.1b	33.4x	39.2x	3.3x
Sun, 18 Feb 2024	₹7.4t	₹2.2t	₹188.9b	34.8x	39.2x	3.3x
Tue, 16 Jan 2024	₹7.1t	₹2.2t	₹176.8b	34.7x	40.2x	3.3x
Thu, 14 Dec 2023	₹6.5t	₹2.1t	₹172.5b	33.5x	37.9x	3.1x
Sat, 11 Nov 2023	₹6.2t	₹2.1t	₹171.7b	32.2x	36.2x	2.9x
Mon, 09 Oct 2023	₹6.3t	₹2.1t	₹161.3b	31.4x	38.8x	3x
Wed, 06 Sep 2023	₹6.4t	₹2.1t	₹161.4b	30.5x	39.6x	3.1x
Fri, 04 Aug 2023	₹5.9t	₹2.0t	₹154.6b	29.9x	38.5x	2.9x
Sun, 02 Jul 2023	₹5.5t	₹2.0t	₹144.0b	27.1x	38.5x	2.8x

Current Industry PE

Investors are relatively neutral on the Indian Machinery 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 42.3x.

The industry is trading close to its 3-year average PS ratio of 3.7x.

Past Earnings Growth

The earnings for companies in the Machinery industry have grown 25% per year over the last three years.
Revenues for these companies have grown 23% 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	0.25%
Industrials	0.32%
Machinery	1.44%
Industrial Machinery	3.88%
Agricultural Machinery	3.30%
Construction Machinery and Vehicles	-1.03%

Industry PE

Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 44.2x.

Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 7.3% per year.

Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 34.0x.

Forecasted Growth

Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 22% over the next 5 years.
This is roughly in line with its past earnings growth rate.

In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 9.5% 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
KIRLOSENG Kirloskar Oil Engines	₹2.56k	28.9% +₹83.6b	200.3%	PE65.4x
AIAENG AIA Engineering	₹4.86k	7.9% +₹33.2b	47.3%	PE35.7x
TMCV Tata Motors	₹411.40	2.1% +₹31.7b	n/a	PE50x
JYOTICNC Jyoti CNC Automation	₹777.85	10.0% +₹16.1b	-31.2%	PE52.6x
SKFINDUS SKF India (Industrial)	₹2.84k	12.3% +₹15.3b	n/a	PE64.5x

Announcement • Jun 05

DEE Development Engineers Limited announced that it expects to receive INR 3.000000192 billion in funding from a group of investors

DEE Development Engineers Limited announced private placement to issue 5,976,096 equity shares at an issue price of INR 502 for gross proceeds of INR 3,000,000,192 on June 3, 2026. The transaction includes participation from Krishan Lalit Bansal for 3,98,406 shares at a pre issue shareholding of 35,200,366 shares at 50.82% stake, post issue shareholding of 35,598,772 shares at 47.31% stake, Kotak Mahindra Trustee Co Limited A/c Kotak Multi Asset Allocation Fund for 298,804 shares at pre issue shareholding of 4,512,288 shares at 6.51% stake, post issue shareholding of 48,11,092 shares at 6.39% stake, WhiteOak Capital Equity Fund for 86,902 shares at 0.12% stake, WhiteOak Capital India Opportunities Fund for 782,123 shares at 1.04%, Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Fund for 472,936 shares at 0.63 % stake, Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Ex China Fund for 72,266 shares at 0.10% stake, TCW White Oak Emerging Markets Equity Fund for 6,403 shares at 0.01% stake, Ashoka India Equity Investment Trust PLC for 199,418 shares at 0.27% stake, Ashoka WhiteOak Emerging Markets Trust PLC at 27,443 shares at 0.04% stake, India Acorn Fund Ltd for 90,561 shares at 0.12% stake, ValueQuest India G.I.F.T. Fund for 742,031 shares at 0.99% stake, ValueQuest India Inflexion Fund for 996,020 shares at 1.32% stake, 360 ONE PIPE Fund for 498,007 shares at 0.66% stake, Enigma Small Opportunities Fund for 199,203 shares at 0.26% stake, Meghraj Properties Private Limited for 298,804 shares at 0.40% stake, Niveshaay Hedgehogs Fund for 199,203 shares at 0.26% stake, LC Pharos Multi Strategy Fund VCC - LC Pharos Mutli Strartegy Fund SF I for 298,804 shares at 0.40% stake, Zeal Global Opportunities Fund for 99,601 shares at 0.13% stake, Finavenue Capital Trust - Finavenue Growth Fund for 99,601 shares at 0.13% stake, Swati Agarwal for 9,960 shares at 0.01% stake, Preeti Singal for 19,920 shares at 0.03% stake, Tushar Aggarwal HUF for 19,920 shares at 0.03% stake, Achen Jakher for 39,840 shares at 0.05% stake, Invicto Incrementum Fund for 19,920 shares at 0.03% stake. The transaction has been approved at the Board of Directors meeting and is subject to obtain approval of the shareholders of the company in its Extraordinary General Meeting (EGM) to be held on June 27, 2026, and other necessary approvals.

Indian (NIFTY) Machinery Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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JWL: Lower Margin Outlook And Compressed P/E Will Pressure Stock

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ASHOKLEY: Higher Discount Rate And Dividend Actions Will Shape Future Re Rating

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Tega Industries' (NSE:TEGA) Shareholders Have More To Worry About Than Only Soft Earnings

DEE Development Engineers Limited announced that it expects to receive INR 3.000000192 billion in funding from a group of investors

First quarter 2026 earnings released: EPS: ₹2.28 (vs ₹2.97 in 1Q 2025)

Full year 2026 earnings released: EPS: ₹920 (vs ₹608 in FY 2025)