Narrative Update • Aug 19
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Indian (NIFTY) Machinery Industry Analysis
UpdatedAug 25, 2026
DataAggregated Company Financials
Companies251
- 7D-0.4%
- 3M8.2%
- 1Y16.0%
- YTD12.5%
Over the last 7 days, the Machinery industry has remained flat, although notably Jyoti CNC Automation gained 14%. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 22% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 25 Aug 2026 | ₹13.2t | ₹3.9t | ₹304.5b | 28.4x | 43.4x | 3.4x |
| Thu, 23 Jul 2026 | ₹12.1t | ₹3.7t | ₹284.7b | 27.7x | 42.6x | 3.3x |
| Sat, 20 Jun 2026 | ₹12.4t | ₹3.7t | ₹284.8b | 27.7x | 43.4x | 3.3x |
| Mon, 18 May 2026 | ₹11.5t | ₹3.6t | ₹279.7b | 25.4x | 41.1x | 3.2x |
| Wed, 15 Apr 2026 | ₹11.1t | ₹2.7t | ₹248.2b | 25x | 44.9x | 4.1x |
| Fri, 13 Mar 2026 | ₹10.8t | ₹2.7t | ₹248.0b | 23.7x | 43.7x | 4x |
| Sun, 08 Feb 2026 | ₹11.1t | ₹2.6t | ₹245.7b | 25.4x | 45.1x | 4.2x |
| Tue, 06 Jan 2026 | ₹11.2t | ₹2.6t | ₹241.0b | 29.1x | 46.6x | 4.3x |
| Thu, 04 Dec 2025 | ₹10.5t | ₹2.6t | ₹240.4b | 29.3x | 43.8x | 4x |
| Sat, 01 Nov 2025 | ₹10.1t | ₹2.7t | ₹248.3b | 31.6x | 40.7x | 3.8x |
| Mon, 29 Sep 2025 | ₹10.0t | ₹2.7t | ₹249.8b | 31.3x | 40.2x | 3.7x |
| Wed, 27 Aug 2025 | ₹9.9t | ₹2.7t | ₹248.7b | 31.9x | 39.7x | 3.7x |
| Fri, 25 Jul 2025 | ₹10.3t | ₹2.6t | ₹239.0b | 34.3x | 42.9x | 3.9x |
| Sun, 22 Jun 2025 | ₹9.7t | ₹2.6t | ₹236.1b | 32.9x | 40.9x | 3.7x |
| Tue, 20 May 2025 | ₹9.4t | ₹2.6t | ₹230.1b | 33.3x | 40.8x | 3.7x |
| Thu, 17 Apr 2025 | ₹8.4t | ₹2.5t | ₹226.0b | 32.2x | 37.2x | 3.4x |
| Sat, 15 Mar 2025 | ₹7.9t | ₹2.5t | ₹226.1b | 27.8x | 34.8x | 3.1x |
| Mon, 10 Feb 2025 | ₹8.6t | ₹2.5t | ₹222.3b | 35.7x | 38.8x | 3.5x |
| Wed, 08 Jan 2025 | ₹9.6t | ₹2.4t | ₹223.9b | 39.7x | 42.7x | 4x |
| Fri, 06 Dec 2024 | ₹10.0t | ₹2.4t | ₹223.2b | 39.5x | 44.8x | 4.2x |
| Sun, 03 Nov 2024 | ₹9.9t | ₹2.4t | ₹214.1b | 37.8x | 46.1x | 4.2x |
| Tue, 01 Oct 2024 | ₹10.4t | ₹2.4t | ₹211.2b | 39.7x | 49x | 4.4x |
| Thu, 29 Aug 2024 | ₹10.4t | ₹2.3t | ₹210.4b | 40.4x | 49.5x | 4.4x |
| Sat, 27 Jul 2024 | ₹10.8t | ₹2.3t | ₹204.8b | 41.4x | 52.7x | 4.6x |
| Mon, 24 Jun 2024 | ₹10.8t | ₹2.3t | ₹203.7b | 40.3x | 53x | 4.7x |
| Wed, 22 May 2024 | ₹9.8t | ₹2.3t | ₹196.5b | 42x | 49.7x | 4.3x |
| Fri, 19 Apr 2024 | ₹8.2t | ₹2.2t | ₹190.3b | 37.5x | 42.9x | 3.7x |
| Sun, 17 Mar 2024 | ₹7.1t | ₹2.2t | ₹188.7b | 31.6x | 37.4x | 3.2x |
| Tue, 13 Feb 2024 | ₹7.2t | ₹2.2t | ₹186.7b | 33.4x | 38.6x | 3.3x |
| Thu, 11 Jan 2024 | ₹7.1t | ₹2.2t | ₹176.7b | 34.7x | 40x | 3.3x |
| Sat, 09 Dec 2023 | ₹6.5t | ₹2.1t | ₹172.5b | 33.4x | 37.9x | 3.1x |
| Mon, 06 Nov 2023 | ₹6.2t | ₹2.1t | ₹165.7b | 31.5x | 37.2x | 2.9x |
| Wed, 04 Oct 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 30.9x | 39x | 3x |
| Fri, 01 Sep 2023 | ₹6.3t | ₹2.1t | ₹161.4b | 30.3x | 39.1x | 3.1x |
Price to Earnings Ratio
39.1x
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 42.6x.
- 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 24% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -0.11% | |
| Industrials | -0.96% | |
| Machinery | -0.45% | |
| Industrial Machinery | 0.0076% | |
| Construction Machinery and Vehicles | -0.84% | |
| Agricultural Machinery | -0.95% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 44.6x.
- Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings growth of 8.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 33.4x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 8.0% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| JYOTICNC Jyoti CNC Automation | ₹980.25 | 14.3% +₹27.8b | 3.2% | PE69.3x | |
| TMCV Tata Motors | ₹475.05 | 1.0% +₹17.1b | n/a | PE41.7x | |
| COCHINSHIP Cochin Shipyard | ₹1.51k | 3.9% +₹14.8b | -10.1% | PE58.5x | |
| 505890 Kennametal India | ₹4.22k | 18.7% +₹14.6b | 100.6% | PE67x | |
| 531112 Balu Forge Industries | ₹631.90 | 22.9% +₹14.3b | -1.3% | PE28.6x |
