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Indian (NIFTY) Construction Machinery and Vehicles Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies33
  • 7D0.04%
  • 3M8.0%
  • 1Y21.2%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has remained flat, although notably Action Construction Equipment declined by 9.0%. The past year has been better, since the industry has gained 21% in that time. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025₹4.1t₹1.2t₹105.4b31.5x38.9x3.5x
Sat, 11 Oct 2025₹4.0t₹1.1t₹101.2b32.6x39.3x3.5x
Mon, 08 Sep 2025₹3.9t₹1.1t₹101.0b32.5x38.6x3.4x
Wed, 06 Aug 2025₹3.8t₹1.1t₹99.1b35.7x37.9x3.3x
Fri, 04 Jul 2025₹3.8t₹1.1t₹97.5b34.6x38.5x3.4x
Sun, 01 Jun 2025₹3.5t₹1.1t₹96.4b34.4x36.4x3.2x
Tue, 29 Apr 2025₹3.0t₹1.1t₹93.6b29.8x32.5x2.8x
Thu, 27 Mar 2025₹3.0t₹1.1t₹90.7b28.6x32.8x2.8x
Sat, 22 Feb 2025₹2.9t₹1.1t₹90.5b31.3x31.6x2.7x
Mon, 20 Jan 2025₹3.1t₹1.0t₹88.4b40.6x34.7x3x
Wed, 18 Dec 2024₹3.5t₹1.0t₹88.4b42x39.6x3.4x
Fri, 15 Nov 2024₹3.2t₹1.0t₹88.5b39.6x35.7x3.1x
Sun, 13 Oct 2024₹3.5t₹1.0t₹83.9b43.8x41.4x3.5x
Tue, 10 Sep 2024₹3.6t₹994.0b₹83.4b46.6x43.6x3.7x
Thu, 08 Aug 2024₹3.8t₹987.4b₹82.4b44.6x46.4x3.9x
Sat, 06 Jul 2024₹4.2t₹966.8b₹80.5b44.5x52x4.3x
Mon, 03 Jun 2024₹3.5t₹969.7b₹80.3b37.1x43.8x3.6x
Wed, 01 May 2024₹3.0t₹938.0b₹69.6b41.8x43.4x3.2x
Fri, 29 Mar 2024₹2.6t₹931.3b₹69.7b36.5x37.9x2.8x
Sun, 25 Feb 2024₹2.6t₹931.3b₹69.7b38.2x36.8x2.8x
Tue, 23 Jan 2024₹2.4t₹897.6b₹62.2b41.1x38x2.6x
Thu, 21 Dec 2023₹2.0t₹884.9b₹60.0b36.9x33.5x2.3x
Sat, 18 Nov 2023₹2.0t₹884.7b₹60.0b35.9x32.6x2.2x
Mon, 16 Oct 2023₹1.8t₹843.1b₹51.9b36.3x35.6x2.2x
Wed, 13 Sep 2023₹1.9t₹839.6b₹51.8b36x36x2.2x
Fri, 11 Aug 2023₹1.8t₹837.9b₹50.7b36.2x34.7x2.1x
Sun, 09 Jul 2023₹1.6t₹796.0b₹41.1b35.7x38.9x2x
Tue, 06 Jun 2023₹1.4t₹796.4b₹41.1b32.6x34.9x1.8x
Thu, 04 May 2023₹1.3t₹744.7b₹31.5b30.2x41.7x1.8x
Sat, 01 Apr 2023₹1.3t₹743.7b₹31.6b26.7x40x1.7x
Mon, 27 Feb 2023₹1.3t₹743.7b₹31.6b25.3x39.7x1.7x
Wed, 25 Jan 2023₹1.3t₹687.2b₹24.4b27.8x51.3x1.8x
Fri, 23 Dec 2022₹1.2t₹684.9b₹24.2b27.6x50.7x1.8x
Sun, 20 Nov 2022₹1.2t₹684.1b₹24.1b28.3x50.7x1.8x
Price to Earnings Ratio

50.7x


Total Market Cap: ₹1.2tTotal Earnings: ₹24.1bTotal Revenue: ₹684.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Machinery and Vehicles Industry Price to Earnings3Y Average 39.5x202320242025
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 39.5x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 63% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market0.20%
Industrials0.18%
Machinery-0.58%
Construction Machinery and Vehicles0.038%
Industrial Machinery-0.54%
Agricultural Machinery-4.82%
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?

CompanyLast Price7D1YValuation
ASHOKLEY Ashok Leyland₹150.416.5%
+₹53.9b		38.3%PE27.1x
500480 Cummins India₹4.36k1.1%
+₹12.9b		31.1%PE52.3x
533107 Swan Defence and Heavy Industries₹1.04k21.5%
+₹9.7b		n/aPS160.9x
520051 Jamna Auto Industries₹105.1315.2%
+₹5.5b		0.9%PE23.4x
HAPPYFORGE Happy Forgings₹1.03k3.7%
+₹3.5b		-4.6%PE35.8x

Latest News

520051
₹105.13
Jamna Auto Industries
7D
15.2%
1Y
0.9%
TIL
₹265.95
TIL
7D
-8.6%
1Y
-7.1%

Slowing Rates Of Return At TIL (NSE:TIL) Leave Little Room For Excitement

Nov 13
Slowing Rates Of Return At TIL (NSE:TIL) Leave Little Room For Excitement
500480
₹4,363.65
Cummins India
7D
1.1%
1Y
31.1%

500480: Profit Margin Improvements Will Support Balanced Outlook Amid Shifting Estimates

Analysts have raised their price target for Cummins India from ₹3,971.83 to ₹4,189.17, citing an improved profit margin outlook. This adjustment comes despite only minor shifts in growth assumptions and discount rates.
ASHOKLEY
₹150.41
Ashok Leyland
7D
6.5%
1Y
38.3%

ASHOKLEY: Product Pipeline And Demand Recovery Will Drive Measured Upside

Analysts have slightly raised their price target for Ashok Leyland from ₹144.04 to ₹144.50. They cited expectations of improving market conditions and a robust product pipeline as key factors supporting this modest increase.
JWL
₹306.30
Jupiter Wagons
7D
-3.1%
1Y
-29.8%
CRAFTSMAN
₹6,830.50
Craftsman Automation
7D
0.9%
1Y
45.6%

CRAFTSMAN: Future Margins And Risks Will Balance Outlook Amid Board Meeting

Narrative Update on Craftsman Automation: Analyst Price Target Revision Analysts have raised their fair value estimate for Craftsman Automation from ₹7,404.63 to ₹7,726.50. This change reflects improved profit margin expectations, even though projected revenue growth is slightly lower and a higher discount rate has been applied.
AJAXENGG
₹574.80
Ajax Engineering
7D
-1.1%
1Y
n/a
HAPPYFORGE
₹1,031.50
Happy Forgings
7D
3.7%
1Y
-4.6%

Happy Forgings Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 11
Happy Forgings Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
ACE
₹988.00
Action Construction Equipment
7D
-7.8%
1Y
-20.5%

Action Construction Equipment (NSE:ACE) Seems To Use Debt Quite Sensibly

Nov 10
Action Construction Equipment (NSE:ACE) Seems To Use Debt Quite Sensibly
532439
₹1,422.60
Olectra Greentech
7D
-6.7%
1Y
0.3%
500033
₹17,102.40
Force Motors
7D
-4.4%
1Y
147.0%
533107
₹1,036.45
Swan Defence and Heavy Industries
7D
21.5%
1Y
n/a
COCHINSHIP
₹1,707.30
Cochin Shipyard
7D
0.3%
1Y
30.1%
522195
₹4,658.45
Frontier Springs
7D
7.4%
1Y
126.1%
505192
₹2,911.70
SML Mahindra
7D
-7.1%
1Y
82.5%
505036
₹1,766.85
Automobile Corporation of Goa
7D
-5.0%
1Y
-17.9%