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Indian (NIFTY) Construction Machinery and Vehicles Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies34
- 7D0.6%
- 3M6.6%
- 1Y20.0%
- YTDn/a
The Construction Machinery and Vehicles is pretty flat in the last 7 days, but Ashok Leyland has stood out, gaining 4.9%. The past year has been better, since the industry has gained 20% in that time. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | ₹5.3t | ₹1.2t | ₹105.5b | 30.6x | 50.2x | 4.5x |
| Wed, 15 Oct 2025 | ₹3.9t | ₹1.1t | ₹101.2b | 31.9x | 39x | 3.4x |
| Fri, 12 Sep 2025 | ₹4.0t | ₹1.1t | ₹101.0b | 32.5x | 39.4x | 3.5x |
| Sun, 10 Aug 2025 | ₹3.7t | ₹1.1t | ₹100.9b | 36.1x | 37x | 3.3x |
| Tue, 08 Jul 2025 | ₹3.8t | ₹1.1t | ₹97.7b | 35.7x | 39.1x | 3.4x |
| Thu, 05 Jun 2025 | ₹3.7t | ₹1.1t | ₹97.5b | 33.7x | 37.7x | 3.3x |
| Sat, 03 May 2025 | ₹3.0t | ₹1.1t | ₹93.6b | 29.6x | 32.2x | 2.8x |
| Mon, 31 Mar 2025 | ₹3.0t | ₹1.1t | ₹90.7b | 27.9x | 33x | 2.8x |
| Wed, 26 Feb 2025 | ₹2.8t | ₹1.1t | ₹90.5b | 30.2x | 31.3x | 2.7x |
| Fri, 24 Jan 2025 | ₹3.0t | ₹1.0t | ₹86.7b | 38.6x | 34.9x | 3x |
| Sun, 22 Dec 2024 | ₹3.3t | ₹1.0t | ₹88.4b | 41.5x | 37.8x | 3.3x |
| Tue, 19 Nov 2024 | ₹3.2t | ₹1.0t | ₹88.4b | 39x | 35.8x | 3.1x |
| Thu, 17 Oct 2024 | ₹3.5t | ₹1.0t | ₹83.9b | 48.7x | 42.1x | 3.5x |
| Sat, 14 Sep 2024 | ₹3.7t | ₹994.0b | ₹83.4b | 46.5x | 44.3x | 3.7x |
| Mon, 12 Aug 2024 | ₹3.8t | ₹990.8b | ₹83.2b | 44.4x | 46x | 3.9x |
| Wed, 10 Jul 2024 | ₹4.1t | ₹966.9b | ₹80.5b | 42.5x | 50.9x | 4.2x |
| Fri, 07 Jun 2024 | ₹3.4t | ₹967.1b | ₹80.5b | 32.6x | 42.4x | 3.5x |
| Sun, 05 May 2024 | ₹3.1t | ₹938.0b | ₹69.6b | 41.4x | 44.3x | 3.3x |
| Tue, 02 Apr 2024 | ₹2.7t | ₹931.3b | ₹69.7b | 38.6x | 39x | 2.9x |
| Thu, 29 Feb 2024 | ₹2.5t | ₹931.3b | ₹69.7b | 39.5x | 36.1x | 2.7x |
| Sat, 27 Jan 2024 | ₹2.3t | ₹897.8b | ₹62.2b | 41.4x | 37.7x | 2.6x |
| Mon, 25 Dec 2023 | ₹2.1t | ₹884.9b | ₹60.0b | 38.6x | 34.9x | 2.4x |
| Wed, 22 Nov 2023 | ₹2.0t | ₹884.7b | ₹60.0b | 36.2x | 33.2x | 2.3x |
| Fri, 20 Oct 2023 | ₹1.9t | ₹843.2b | ₹52.0b | 37.1x | 35.6x | 2.2x |
| Sun, 17 Sep 2023 | ₹1.9t | ₹839.6b | ₹51.8b | 37.2x | 36.8x | 2.3x |
| Tue, 15 Aug 2023 | ₹1.8t | ₹839.8b | ₹51.8b | 36x | 34.2x | 2.1x |
| Thu, 13 Jul 2023 | ₹1.6t | ₹796.1b | ₹41.2b | 36.3x | 39.7x | 2.1x |
| Sat, 10 Jun 2023 | ₹1.5t | ₹796.2b | ₹41.1b | 33.1x | 35.5x | 1.8x |
| Mon, 08 May 2023 | ₹1.3t | ₹744.7b | ₹31.5b | 31.2x | 42x | 1.8x |
| Wed, 05 Apr 2023 | ₹1.3t | ₹743.7b | ₹31.6b | 26.6x | 40.2x | 1.7x |
| Fri, 03 Mar 2023 | ₹1.3t | ₹743.7b | ₹31.6b | 25.2x | 40x | 1.7x |
| Sun, 29 Jan 2023 | ₹1.2t | ₹687.1b | ₹24.4b | 25.9x | 50.7x | 1.8x |
| Tue, 27 Dec 2022 | ₹1.2t | ₹684.9b | ₹24.2b | 26x | 48.5x | 1.7x |
| Thu, 24 Nov 2022 | ₹1.2t | ₹684.9b | ₹24.2b | 29.4x | 50.5x | 1.8x |
Price to Earnings Ratio
50.5x
Current Industry PE
- Investors are optimistic on the Indian Construction Machinery and Heavy Trucks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 50.2x which is higher than its 3-year average PE of 39.5x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 4.5x.
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 20% 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 | 1.07% | |
| Industrials | 1.95% | |
| Machinery | 0.87% | |
| Construction Machinery and Vehicles | 0.60% | |
| Industrial Machinery | 1.38% | |
| Agricultural Machinery | -1.56% | |
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 | |
|---|---|---|---|---|---|
| ASHOKLEY Ashok Leyland | ₹148.26 | 4.9% +₹41.0b | 36.3% | PE26.7x | |
| 520051 Jamna Auto Industries | ₹109.15 | 16.8% +₹6.3b | 4.8% | PE24.2x | |
| 533107 Swan Defence and Heavy Industries | ₹1.04k | 10.2% +₹5.1b | n/a | PS82.4x | |
| AJAXENGG Ajax Engineering | ₹626.10 | 5.4% +₹3.6b | n/a | PE28.5x | |
| TITAGARH Titagarh Rail Systems | ₹866.45 | 2.7% +₹3.1b | -22.0% | PE48.4x |
