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Indian (NIFTY) Machinery Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies238
- 7D3.3%
- 3M8.3%
- 1Y20.1%
- YTD2.2%
The Machinery industry is up 3.3% in the last week, with Tata Motors up 6.3%. During this same period, the SKF India (Industrial) underperformed, falling 5.7%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | ₹11.5t | ₹2.7t | ₹247.1b | 25.9x | 46.4x | 4.3x |
| Sat, 10 Jan 2026 | ₹10.9t | ₹2.6t | ₹241.2b | 27.5x | 45.1x | 4.2x |
| Mon, 08 Dec 2025 | ₹10.6t | ₹2.6t | ₹240.6b | 28.9x | 43.9x | 4x |
| Wed, 05 Nov 2025 | ₹10.1t | ₹2.7t | ₹249.2b | 31.7x | 40.6x | 3.8x |
| Fri, 03 Oct 2025 | ₹10.0t | ₹2.7t | ₹248.5b | 31.5x | 40.4x | 3.7x |
| Sun, 31 Aug 2025 | ₹9.7t | ₹2.7t | ₹248.7b | 31.5x | 39.1x | 3.6x |
| Tue, 29 Jul 2025 | ₹9.9t | ₹2.6t | ₹239.4b | 33.9x | 41.4x | 3.8x |
| Thu, 26 Jun 2025 | ₹9.8t | ₹2.6t | ₹236.1b | 34.2x | 41.7x | 3.8x |
| Sat, 24 May 2025 | ₹9.3t | ₹2.6t | ₹229.9b | 32.7x | 40.6x | 3.6x |
| Mon, 21 Apr 2025 | ₹8.5t | ₹2.5t | ₹226.2b | 31.9x | 37.4x | 3.4x |
| Wed, 19 Mar 2025 | ₹8.1t | ₹2.5t | ₹226.1b | 28.4x | 35.8x | 3.2x |
| Fri, 14 Feb 2025 | ₹8.2t | ₹2.5t | ₹224.8b | 32.5x | 36.3x | 3.3x |
| Sun, 12 Jan 2025 | ₹9.2t | ₹2.4t | ₹225.4b | 37.9x | 40.8x | 3.8x |
| Tue, 10 Dec 2024 | ₹10.0t | ₹2.4t | ₹223.3b | 40.1x | 45x | 4.2x |
| Thu, 07 Nov 2024 | ₹10.0t | ₹2.4t | ₹214.3b | 38.5x | 46.6x | 4.2x |
| Sat, 05 Oct 2024 | ₹10.1t | ₹2.4t | ₹211.5b | 39.5x | 47.7x | 4.3x |
| Mon, 02 Sep 2024 | ₹10.4t | ₹2.3t | ₹210.4b | 40.4x | 49.3x | 4.4x |
| Wed, 31 Jul 2024 | ₹11.1t | ₹2.3t | ₹205.0b | 41.5x | 53.9x | 4.8x |
| Fri, 28 Jun 2024 | ₹10.9t | ₹2.3t | ₹203.7b | 40.8x | 53.6x | 4.8x |
| Sun, 26 May 2024 | ₹9.8t | ₹2.3t | ₹201.7b | 40.2x | 48.8x | 4.3x |
| Tue, 23 Apr 2024 | ₹8.2t | ₹2.2t | ₹188.4b | 37.6x | 43.5x | 3.7x |
| Thu, 21 Mar 2024 | ₹7.3t | ₹2.2t | ₹190.1b | 32.9x | 38.1x | 3.3x |
| Sat, 17 Feb 2024 | ₹7.4t | ₹2.2t | ₹188.9b | 34.8x | 39.2x | 3.3x |
| Mon, 15 Jan 2024 | ₹7.1t | ₹2.2t | ₹176.8b | 35x | 40.2x | 3.3x |
| Wed, 13 Dec 2023 | ₹6.5t | ₹2.1t | ₹172.5b | 33.1x | 37.8x | 3x |
| Fri, 10 Nov 2023 | ₹6.2t | ₹2.1t | ₹166.3b | 31.7x | 37.3x | 3x |
| Sun, 08 Oct 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 31.4x | 38.8x | 3x |
| Tue, 05 Sep 2023 | ₹6.4t | ₹2.1t | ₹161.4b | 30.4x | 39.3x | 3.1x |
| Thu, 03 Aug 2023 | ₹6.0t | ₹2.0t | ₹153.4b | 29.8x | 38.9x | 3x |
| Sat, 01 Jul 2023 | ₹5.5t | ₹2.0t | ₹144.0b | 27.1x | 38.5x | 2.8x |
| Mon, 29 May 2023 | ₹5.0t | ₹2.0t | ₹141.7b | 26.9x | 35.4x | 2.5x |
| Wed, 26 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.5b | 25.8x | 36.2x | 2.5x |
| Fri, 24 Mar 2023 | ₹4.6t | ₹1.9t | ₹129.6b | 22.6x | 35.2x | 2.4x |
| Sun, 19 Feb 2023 | ₹4.7t | ₹1.9t | ₹129.3b | 23.2x | 36.3x | 2.5x |
Price to Earnings Ratio
36.3x
Current Industry PE
- Investors are optimistic on the Indian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.4x which is higher than its 3-year average PE of 41.4x.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.3x.
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 12% 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 | 1.30% | |
| Industrials | 1.37% | |
| Machinery | 3.27% | |
| Construction Machinery and Vehicles | 4.71% | |
| Agricultural Machinery | 1.96% | |
| Industrial Machinery | 1.57% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 39.7x.
- Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 15.6% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 34.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| TMCV Tata Motors | ₹498.15 | 9.3% +₹155.6b | n/a | n/a | |
| ASHOKLEY Ashok Leyland | ₹211.02 | 4.7% +₹55.9b | 94.4% | PE37.4x | |
| 500033 Force Motors | ₹23.82k | 13.0% +₹36.2b | 251.9% | PE22.9x | |
| KIRLOSENG Kirloskar Oil Engines | ₹1.34k | 11.6% +₹20.2b | 86.8% | PE35.7x | |
| 505192 SML Mahindra | ₹4.86k | 28.5% +₹15.6b | 303.6% | PE44.4x |
