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

Investors are optimistic on the industry, and appear confident in long-term growth rates. The industry is trading at a PE ratio of 31.7x which is higher than its 3-year average PE of 18.5x.

How does Indian Construction Machinery and Vehicles compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Indian (NIFTY) Construction Machinery and Vehicles Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sun, 29 May 2022	₹944.9b	₹528.7b	₹12.9b	31.7x
Tue, 26 Apr 2022	₹932.1b	₹507.9b	₹14.5b	32.7x
Thu, 24 Mar 2022	₹890.7b	₹507.9b	₹14.5b	33.1x
Sat, 19 Feb 2022	₹909.0b	₹507.9b	₹14.5b	31.6x
Mon, 17 Jan 2022	₹974.2b	₹487.3b	₹17.0b	35.6x
Wed, 15 Dec 2021	₹923.3b	₹486.9b	₹17.0b	30.5x
Fri, 12 Nov 2021	₹982.2b	₹463.2b	₹15.9b	29.9x
Sun, 10 Oct 2021	₹922.5b	₹453.8b	₹15.0b	29.3x
Tue, 07 Sep 2021	₹902.1b	₹453.8b	₹15.0b	28.8x
Thu, 05 Aug 2021	₹905.6b	₹457.3b	₹15.3b	27.1x
Sun, 09 May 2021	₹771.6b	₹408.4b	₹11.2b	18.6x
Wed, 10 Feb 2021	₹674.8b	₹345.3b	₹6.1b	15.5x
Tue, 03 Nov 2020	₹474.3b	₹341.7b	₹5.4b	14.9x
Fri, 07 Aug 2020	₹372.0b	₹361.5b	₹9.0b	12.9x
Thu, 30 Apr 2020	₹359.6b	₹446.2b	₹19.3b	9.9x
Sun, 02 Feb 2020	₹556.6b	₹512.0b	₹28.4b	12.3x
Wed, 06 Nov 2019	₹535.5b	₹572.1b	₹37.1b	13.5x
Sat, 10 Aug 2019	₹545.9b	₹573.2b	₹37.3b	10.6x


IN Market	-0.87%
Industrials	-1.78%
Machinery	0.49%
Construction Machinery and Vehicles	2.61%
Industrial Machinery	-0.12%
Agricultural Machinery	-1.26%

Company	Last Price	7D	1Y	Valuation
ASHOKLEY Ashok Leyland	₹140.30	7.6% +₹29.2b	12.6%	PS1.6x
500480 Cummins India	₹1.01k	0.7% +₹1.8b	28.3%	PS31.7x
531112 Balu Forge Industries	₹98.35	-1.5% ₹692.5m	-57.2%	PS35.1x
532762 Action Construction Equipment	₹190.90	1.3% +₹301.2m	13.3%	PS22.3x
533272 Jupiter Wagons	₹59.05	3.9% +₹196.9m	196.0%	PS45.8x

May 19

Commercial Engineers & Body Builders Co Limited (BSE:533272) completed the acquisition of Jupiter Wagons Limited.

Commercial Engineers & Body Builders Co Limited (BSE:533272) agreed to acquire Jupiter Wagons Limited on September 28, 2020. Under the terms of the transaction, Commercial Engineers will issue 5,510 shares for every 100 shares of Jupiter Wagons. Upon completion, Jupiter Wagons will be dissolved. Jupiter Wagons reported total assets of INR 5 billion, net worth of INR 2.4 billion and revenues of INR 8.1 billion in the year ending on March 31, 2020. The Board of Directors of Commercial Engineers approved the transaction. The deal is still subject to statutory and regulatory approvals, including approval from the relevant National Company Law Tribunal, Securities and Exchange Board of India, BSE Limited, the National Stock Exchange of India Limited and such other approvals, permissions and sanctions of regulatory and other authorities, as may be necessary. On December 10, 2020, the National Stock Exchange of India Limited has issued its observation letter with “no-objection” to the transaction. As of April 16, 2021, Hon’ble National Company Law Tribunal, Ahmedabad bench has ordered to convene the meeting of shareholders of Commercial Engineers & Body Builders Co Limited. TR Chaddha & Co LLP acted as accountant while Dhwanit Kashyap Vaidya and Systematix Corporate Services Limited acted as fairness opinion provider to Commercial Engineers in the transaction. As on January 7, 2022, National Company Law Tribunal, Kolkata bench approved the transaction. As on February 2, 2022, Scheme of Amalgamation was duly approved by equity shareholders, secured creditors and unsecured creditors of the Jupiter Wagons Limited. As of March 7, 2022, Commercial Engineers & Body Builders Co Limited has informed the Exchange about approval of the Scheme of Amalgamation by National Company Law Tribunal, Bench at Kolkata between Commercial Engineers & Body Builders Co Limited and Jupiter Wagons Limited and their respective shareholders and creditors. As of May 13, 2022, the transaction has been approved by the National Company Law Tribunal, Indore bench. Commercial Engineers & Body Builders Co Limited (BSE:533272) completed the acquisition of Jupiter Wagons Limited on May 18, 2022.

Indian (NIFTY) Construction Machinery and Vehicles Industry Analysis

Industry Valuation and Performance

Industry Comparison

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Latest News

500048

BEML Limited Recommends A Final Dividend for the Year Ended March 31, 2022

500480

Cummins India Limited Recommends Final Dividend for the Year Ended on March 31, 2022, Payable on September 06, 2022

TWL

Titagarh Wagons Limited to Report Q4, 2022 Results on May 30, 2022

532762

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

505368

Full year 2022 earnings released

ASHOKLEY

Price target increased to ₹160

540678

Full year 2022 earnings released: EPS: ₹42.87 (vs ₹46.27 in FY 2021)

533326

Full year 2022 earnings released: EPS: ₹0.75 (vs ₹0.62 in FY 2021)

522217

Gujarat Apollo Industries Limited to Report Q4, 2022 Results on May 30, 2022

509563

Garware Marine Industries Limited to Report Q4, 2022 Results on May 26, 2022

533272

Commercial Engineers & Body Builders Co Limited (BSE:533272) completed the acquisition of Jupiter Wagons Limited.

531112

Balu Forge Industries Limited to Report Q4, 2022 Results on May 24, 2022

531859

Investor sentiment deteriorated over the past week

543276

Craftsman Automation Limited, Annual General Meeting, Jun 17, 2022

505036

Full year 2022 earnings released: EPS: ₹5.65 (vs ₹20.54 loss in FY 2021)