There's Been No Shortage Of Growth Recently For Jupiter Wagons' (NSE:JWL) Returns On Capital
Jan 20
Have your own idea? Try our Stock Screener
Indian (NIFTY) Machinery Industry Analysis
UpdatedJan 20, 2026
DataAggregated Company Financials
Companies236
- 7D-0.09%
- 3M-2.1%
- 1Y0.02%
- YTD-4.0%
The Machinery is pretty flat in the last 7 days, but Tata Motors has stood out, gaining 3.9%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 18% 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, 20 Jan 2026 | ₹10.8t | ₹2.6t | ₹241.5b | 25.9x | 44.6x | 4.1x |
| Thu, 18 Dec 2025 | ₹10.6t | ₹2.6t | ₹240.6b | 29.2x | 44.2x | 4.1x |
| Sat, 15 Nov 2025 | ₹11.0t | ₹2.7t | ₹251.3b | 30.7x | 43.9x | 4.1x |
| Mon, 13 Oct 2025 | ₹10.1t | ₹2.7t | ₹248.5b | 31.9x | 40.5x | 3.7x |
| Wed, 10 Sep 2025 | ₹10.0t | ₹2.7t | ₹248.7b | 31.9x | 40.2x | 3.7x |
| Fri, 08 Aug 2025 | ₹9.7t | ₹2.7t | ₹241.9b | 33.5x | 40.3x | 3.7x |
| Sun, 06 Jul 2025 | ₹10.0t | ₹2.6t | ₹236.4b | 34.2x | 42.4x | 3.8x |
| Tue, 03 Jun 2025 | ₹9.7t | ₹2.6t | ₹235.1b | 33x | 41.3x | 3.7x |
| Thu, 01 May 2025 | ₹8.4t | ₹2.5t | ₹229.4b | 30.3x | 36.7x | 3.4x |
| Sat, 29 Mar 2025 | ₹8.4t | ₹2.5t | ₹226.1b | 29.9x | 37.4x | 3.4x |
| Mon, 24 Feb 2025 | ₹8.1t | ₹2.5t | ₹225.8b | 30.5x | 35.8x | 3.2x |
| Wed, 22 Jan 2025 | ₹9.1t | ₹2.4t | ₹224.0b | 37.7x | 40.7x | 3.7x |
| Fri, 20 Dec 2024 | ₹9.8t | ₹2.4t | ₹223.2b | 39.7x | 43.9x | 4.1x |
| Sun, 17 Nov 2024 | ₹9.4t | ₹2.4t | ₹223.0b | 35.8x | 42.1x | 3.9x |
| Tue, 15 Oct 2024 | ₹10.1t | ₹2.4t | ₹211.6b | 40.3x | 48x | 4.3x |
| Thu, 12 Sep 2024 | ₹10.2t | ₹2.3t | ₹210.6b | 40.1x | 48.6x | 4.4x |
| Sat, 10 Aug 2024 | ₹10.4t | ₹2.3t | ₹208.8b | 39.6x | 49.7x | 4.4x |
| Mon, 08 Jul 2024 | ₹11.3t | ₹2.3t | ₹203.7b | 40.9x | 55.7x | 5x |
| Wed, 05 Jun 2024 | ₹9.3t | ₹2.3t | ₹203.4b | 35.9x | 45.6x | 4x |
| Fri, 03 May 2024 | ₹8.9t | ₹2.3t | ₹190.2b | 39.8x | 46.7x | 3.9x |
| Sun, 31 Mar 2024 | ₹7.7t | ₹2.2t | ₹190.1b | 33.7x | 40.3x | 3.4x |
| Tue, 27 Feb 2024 | ₹7.4t | ₹2.2t | ₹188.6b | 35.8x | 39.5x | 3.4x |
| Thu, 25 Jan 2024 | ₹7.1t | ₹2.2t | ₹177.0b | 34.4x | 40x | 3.3x |
| Sat, 23 Dec 2023 | ₹6.8t | ₹2.1t | ₹174.2b | 32.6x | 38.8x | 3.1x |
| Mon, 20 Nov 2023 | ₹6.3t | ₹2.1t | ₹172.5b | 30.5x | 36.6x | 3x |
| Wed, 18 Oct 2023 | ₹6.3t | ₹2.1t | ₹161.5b | 31.3x | 38.9x | 3x |
| Fri, 15 Sep 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 29.9x | 39.1x | 3.1x |
| Sun, 13 Aug 2023 | ₹6.0t | ₹2.1t | ₹160.8b | 29.6x | 37.3x | 2.9x |
| Tue, 11 Jul 2023 | ₹5.5t | ₹2.0t | ₹144.0b | 28.5x | 38.5x | 2.8x |
| Thu, 08 Jun 2023 | ₹5.3t | ₹2.0t | ₹144.1b | 27.3x | 37x | 2.7x |
| Sat, 06 May 2023 | ₹4.8t | ₹1.9t | ₹129.4b | 26.6x | 37.1x | 2.5x |
| Mon, 03 Apr 2023 | ₹4.6t | ₹1.9t | ₹129.6b | 21.7x | 35.6x | 2.4x |
| Wed, 01 Mar 2023 | ₹4.6t | ₹1.9t | ₹129.7b | 21.9x | 35.4x | 2.4x |
| Fri, 27 Jan 2023 | ₹4.5t | ₹1.8t | ₹113.0b | 25.6x | 39.6x | 2.5x |
Price to Earnings Ratio
39.6x
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 44.6x which is higher than its 3-year average PE of 41.3x.
- The 3-year average PS ratio of 3.5x 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 29% 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 | -0.69% | |
| Industrials | -1.46% | |
| Machinery | -0.094% | |
| Construction Machinery and Vehicles | 1.31% | |
| Industrial Machinery | -1.37% | |
| Agricultural Machinery | -3.71% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 39.6x.
- Analysts expect its future annual earnings growth (17.7%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 34.0x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings growth rate of 8.3% 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 | ₹441.40 | 3.9% +₹60.8b | n/a | n/a | |
| 500033 Force Motors | ₹21.30k | 7.1% +₹18.6b | 225.3% | PE26.1x | |
| 500480 Cummins India | ₹4.03k | 1.3% +₹14.7b | 37.0% | PE48.3x | |
| JWL Jupiter Wagons | ₹317.80 | 6.9% +₹8.8b | -36.8% | PE48.5x | |
| ASHOKLEY Ashok Leyland | ₹187.98 | 0.5% +₹5.7b | 79.7% | PE33.9x |
