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Indian (NIFTY) Machinery Industry Analysis
UpdatedMar 11, 2026
DataAggregated Company Financials
Companies240
- 7D-2.9%
- 3M4.2%
- 1Y22.3%
- YTD-2.0%
Over the last 7 days, the Machinery industry has dropped 2.9%, driven by Tata Motors declining 7.8%. Meanwhile, Swan Defence and Heavy Industries actually outperformed within the industry, gaining 16% in the last week. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Wed, 11 Mar 2026 | ₹11.0t | ₹2.7t | ₹247.8b | 24.1x | 44.6x | 4.1x |
| Fri, 06 Feb 2026 | ₹11.1t | ₹2.6t | ₹245.8b | 25.2x | 45.2x | 4.2x |
| Sun, 04 Jan 2026 | ₹11.4t | ₹2.6t | ₹241.0b | 29.4x | 47.1x | 4.3x |
| Tue, 02 Dec 2025 | ₹11.2t | ₹2.7t | ₹251.0b | 29.6x | 44.7x | 4.1x |
| Thu, 30 Oct 2025 | ₹10.1t | ₹2.7t | ₹248.4b | 31.4x | 40.6x | 3.8x |
| Sat, 27 Sep 2025 | ₹10.0t | ₹2.7t | ₹250.5b | 31.3x | 40.1x | 3.7x |
| Mon, 25 Aug 2025 | ₹10.0t | ₹2.7t | ₹248.7b | 32x | 40.2x | 3.7x |
| Wed, 23 Jul 2025 | ₹10.3t | ₹2.6t | ₹238.5b | 34.3x | 43x | 3.9x |
| Fri, 20 Jun 2025 | ₹9.6t | ₹2.6t | ₹236.0b | 33.2x | 40.5x | 3.6x |
| Sun, 18 May 2025 | ₹9.4t | ₹2.7t | ₹246.8b | 31.9x | 37.9x | 3.5x |
| Tue, 15 Apr 2025 | ₹8.1t | ₹2.5t | ₹226.0b | 31.1x | 35.9x | 3.2x |
| Thu, 13 Mar 2025 | ₹7.9t | ₹2.5t | ₹225.9b | 28.3x | 34.8x | 3.1x |
| Sat, 08 Feb 2025 | ₹8.6t | ₹2.5t | ₹222.8b | 35.9x | 38.7x | 3.5x |
| Mon, 06 Jan 2025 | ₹9.7t | ₹2.4t | ₹223.8b | 39.3x | 43.4x | 4x |
| Wed, 04 Dec 2024 | ₹10.0t | ₹2.4t | ₹223.2b | 39x | 45x | 4.2x |
| Fri, 01 Nov 2024 | ₹9.6t | ₹2.4t | ₹214.1b | 37.9x | 45x | 4.1x |
| Sun, 29 Sep 2024 | ₹10.4t | ₹2.4t | ₹211.2b | 39.9x | 49.2x | 4.4x |
| Tue, 27 Aug 2024 | ₹10.5t | ₹2.3t | ₹210.4b | 40.1x | 50x | 4.5x |
| Thu, 25 Jul 2024 | ₹10.7t | ₹2.3t | ₹205.0b | 40.6x | 52x | 4.6x |
| Sat, 22 Jun 2024 | ₹10.8t | ₹2.3t | ₹203.7b | 40.3x | 52.9x | 4.7x |
| Mon, 20 May 2024 | ₹9.8t | ₹2.3t | ₹196.3b | 41.8x | 49.8x | 4.3x |
| Wed, 17 Apr 2024 | ₹8.1t | ₹2.2t | ₹190.3b | 35.8x | 42.5x | 3.6x |
| Fri, 15 Mar 2024 | ₹7.1t | ₹2.2t | ₹188.7b | 31.2x | 37.4x | 3.2x |
| Sun, 11 Feb 2024 | ₹7.4t | ₹2.2t | ₹186.5b | 34x | 39.6x | 3.3x |
| Tue, 09 Jan 2024 | ₹7.0t | ₹2.2t | ₹176.6b | 34.6x | 39.5x | 3.2x |
| Thu, 07 Dec 2023 | ₹6.6t | ₹2.1t | ₹172.5b | 32.6x | 38x | 3.1x |
| Sat, 04 Nov 2023 | ₹6.2t | ₹2.1t | ₹163.6b | 32.2x | 37.7x | 3x |
| Mon, 02 Oct 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 30.6x | 39x | 3x |
| Wed, 30 Aug 2023 | ₹6.2t | ₹2.1t | ₹161.4b | 30.8x | 38.5x | 3x |
| Fri, 28 Jul 2023 | ₹5.9t | ₹2.0t | ₹151.1b | 29.1x | 38.9x | 2.9x |
| Sun, 25 Jun 2023 | ₹5.5t | ₹2.0t | ₹144.1b | 27.1x | 37.9x | 2.8x |
| Tue, 23 May 2023 | ₹5.0t | ₹1.9t | ₹131.1b | 27.4x | 37.9x | 2.6x |
| Thu, 20 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.5b | 25x | 36.1x | 2.5x |
| Sat, 18 Mar 2023 | ₹4.6t | ₹1.9t | ₹129.6b | 22.8x | 35.4x | 2.4x |
Price to Earnings Ratio
35.4x
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 41.6x.
- The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.1x.
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 13% 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 | -2.09% | |
| Industrials | -1.78% | |
| Machinery | -2.90% | |
| Industrial Machinery | -0.70% | |
| Agricultural Machinery | -3.16% | |
| Construction Machinery and Vehicles | -4.45% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 40.1x.
- Analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings growth of 17.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 34.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 9.3% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 533107 Swan Defence and Heavy Industries | ₹2.08k | 15.7% +₹14.9b | 2,425.0% | PS215.7x | |
| JWL Jupiter Wagons | ₹285.95 | 11.1% +₹12.2b | -4.2% | PE49.8x | |
| THERMAX Thermax | ₹3.17k | 2.3% +₹8.0b | -3.1% | PE52.4x | |
| COCHINSHIP Cochin Shipyard | ₹1.47k | 1.8% +₹6.8b | 15.9% | PE53.3x | |
| INOXINDIA INOX India | ₹1.19k | 5.6% +₹5.7b | 19.6% | PE43.6x |
