Narrative Update • Jun 26
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Indian (NIFTY) Construction Machinery and Vehicles Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies39
- 7D2.6%
- 3M15.4%
- 1Y20.4%
- YTDn/a
Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 1.1%, driven by Cummins India declining 1.4%. Meanwhile, Tata Motors actually outperformed within the industry, gaining 5.7% in the last week. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Indian Construction Machinery and Vehicles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | ₹6.2t | ₹2.1t | ₹140.0b | 28.1x | 44.1x | 2.9x |
| Sat, 30 May 2026 | ₹5.9t | ₹2.1t | ₹141.3b | 26.4x | 41.9x | 2.8x |
| Mon, 27 Apr 2026 | ₹6.0t | ₹1.2t | ₹108.9b | 25.9x | 55x | 4.9x |
| Wed, 25 Mar 2026 | ₹5.5t | ₹1.2t | ₹109.2b | 23.1x | 50.7x | 4.5x |
| Fri, 20 Feb 2026 | ₹6.2t | ₹1.2t | ₹109.2b | 27.2x | 57x | 5.1x |
| Sun, 18 Jan 2026 | ₹5.8t | ₹1.2t | ₹106.6b | 26.8x | 54.1x | 4.9x |
| Tue, 16 Dec 2025 | ₹5.5t | ₹1.2t | ₹106.1b | 30.1x | 52.2x | 4.7x |
| Thu, 13 Nov 2025 | ₹5.3t | ₹1.2t | ₹104.9b | 30.9x | 50.8x | 4.6x |
| Sat, 11 Oct 2025 | ₹4.0t | ₹1.1t | ₹101.2b | 32.6x | 39.3x | 3.5x |
| Mon, 08 Sep 2025 | ₹3.9t | ₹1.1t | ₹101.0b | 32.5x | 38.6x | 3.4x |
| Wed, 06 Aug 2025 | ₹3.8t | ₹1.1t | ₹99.1b | 35.7x | 37.9x | 3.3x |
| Fri, 04 Jul 2025 | ₹3.8t | ₹1.1t | ₹97.5b | 34.6x | 38.5x | 3.4x |
| Sun, 01 Jun 2025 | ₹3.5t | ₹1.1t | ₹96.4b | 34.4x | 36.4x | 3.2x |
| Tue, 29 Apr 2025 | ₹3.0t | ₹1.1t | ₹93.6b | 29.8x | 32.5x | 2.8x |
| Thu, 27 Mar 2025 | ₹3.0t | ₹1.1t | ₹90.7b | 28.6x | 32.8x | 2.8x |
| Sat, 22 Feb 2025 | ₹2.9t | ₹1.1t | ₹90.5b | 31.3x | 31.6x | 2.7x |
| Mon, 20 Jan 2025 | ₹3.1t | ₹1.0t | ₹88.4b | 40.6x | 34.7x | 3x |
| Wed, 18 Dec 2024 | ₹3.5t | ₹1.0t | ₹88.4b | 42x | 39.6x | 3.4x |
| Fri, 15 Nov 2024 | ₹3.2t | ₹1.0t | ₹88.5b | 39.6x | 35.7x | 3.1x |
| Sun, 13 Oct 2024 | ₹3.5t | ₹1.0t | ₹83.9b | 43.8x | 41.4x | 3.5x |
| Tue, 10 Sep 2024 | ₹3.6t | ₹994.0b | ₹83.4b | 46.6x | 43.6x | 3.7x |
| Thu, 08 Aug 2024 | ₹3.8t | ₹987.4b | ₹82.4b | 44.6x | 46.4x | 3.9x |
| Sat, 06 Jul 2024 | ₹4.2t | ₹966.8b | ₹80.5b | 44.5x | 52x | 4.3x |
| Mon, 03 Jun 2024 | ₹3.5t | ₹969.7b | ₹80.3b | 37.1x | 43.8x | 3.6x |
| Wed, 01 May 2024 | ₹3.0t | ₹938.0b | ₹69.6b | 41.8x | 43.4x | 3.2x |
| Fri, 29 Mar 2024 | ₹2.6t | ₹931.3b | ₹69.7b | 36.5x | 37.9x | 2.8x |
| Sun, 25 Feb 2024 | ₹2.6t | ₹931.3b | ₹69.7b | 38.2x | 36.8x | 2.8x |
| Tue, 23 Jan 2024 | ₹2.4t | ₹897.6b | ₹62.2b | 41.1x | 38x | 2.6x |
| Thu, 21 Dec 2023 | ₹2.0t | ₹884.9b | ₹60.0b | 36.9x | 33.5x | 2.3x |
| Sat, 18 Nov 2023 | ₹2.0t | ₹884.7b | ₹60.0b | 35.9x | 32.6x | 2.2x |
| Mon, 16 Oct 2023 | ₹1.8t | ₹843.1b | ₹51.9b | 36.3x | 35.6x | 2.2x |
| Wed, 13 Sep 2023 | ₹1.9t | ₹839.6b | ₹51.8b | 36x | 36x | 2.2x |
| Fri, 11 Aug 2023 | ₹1.8t | ₹837.9b | ₹50.7b | 36.2x | 34.7x | 2.1x |
| Sun, 09 Jul 2023 | ₹1.6t | ₹796.0b | ₹41.1b | 35.7x | 38.9x | 2x |
Price to Earnings Ratio
38.9x
Current Industry PE
- Investors are relatively neutral on the Indian Construction Machinery and Heavy Trucks 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 41.0x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 50% per year over the last three years.
- Revenues for these companies have grown 38% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Construction Machinery and Vehicles compare with similar industries?
| IN Market | -0.058% | |
| Industrials | 0.17% | |
| Machinery | 1.35% | |
| Construction Machinery and Vehicles | 2.61% | |
| Agricultural Machinery | 0.22% | |
| Industrial Machinery | 0.18% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | ₹440.50 | 2.0% +₹31.7b | n/a | PE53.5x | |
| ASHOKLEY Ashok Leyland | ₹164.73 | 2.5% +₹23.8b | 31.5% | PE27.9x | |
| COCHINSHIP Cochin Shipyard | ₹1.52k | 4.2% +₹16.0b | -24.6% | PE55.8x | |
| 500033 Force Motors | ₹19.36k | 5.3% +₹12.8b | 34.3% | PE21.1x | |
| 500048 BEML | ₹1.86k | 6.6% +₹9.6b | -16.2% | PE109.8x |
