Narrative Update • Aug 03
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Indian (NIFTY) Industrial Machinery Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies192
- 7D2.0%
- 3M7.0%
- 1Y20.8%
- YTDn/a
In the last week, the Industrial Machinery industry is up 2.0%, with MTAR Technologies up 24%. Meanwhile, Thermax actually underperformed within the industry, shrinking 5.7% in the last week. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Indian Industrial Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 10 Aug 2026 | ₹5.8t | ₹1.4t | ₹122.8b | 29.8x | 47.2x | 4.2x |
| Wed, 08 Jul 2026 | ₹5.8t | ₹1.3t | ₹123.4b | 29.1x | 46.6x | 4.3x |
| Fri, 05 Jun 2026 | ₹5.5t | ₹1.3t | ₹123.3b | 27.4x | 44.5x | 4.1x |
| Sun, 03 May 2026 | ₹5.1t | ₹1.2t | ₹119.2b | 27.2x | 43x | 4.1x |
| Tue, 31 Mar 2026 | ₹4.2t | ₹1.2t | ₹119.1b | 21.5x | 35x | 3.4x |
| Thu, 26 Feb 2026 | ₹4.6t | ₹1.2t | ₹117.8b | 24.6x | 38.9x | 3.7x |
| Sat, 24 Jan 2026 | ₹4.2t | ₹1.2t | ₹115.7b | 25.1x | 36.5x | 3.5x |
| Mon, 22 Dec 2025 | ₹4.5t | ₹1.2t | ₹115.5b | 29.3x | 39.4x | 3.8x |
| Wed, 19 Nov 2025 | ₹5.2t | ₹1.3t | ₹126.5b | 30.8x | 41.1x | 4x |
| Fri, 17 Oct 2025 | ₹5.2t | ₹1.3t | ₹129.0b | 30.2x | 40.4x | 4x |
| Sun, 14 Sep 2025 | ₹5.4t | ₹1.3t | ₹129.3b | 33.3x | 42x | 4.2x |
| Tue, 12 Aug 2025 | ₹5.3t | ₹1.3t | ₹128.9b | 31.9x | 41.1x | 4.1x |
| Thu, 10 Jul 2025 | ₹5.7t | ₹1.3t | ₹121.9b | 33.7x | 46.9x | 4.5x |
| Sat, 07 Jun 2025 | ₹5.6t | ₹1.3t | ₹120.7b | 33.5x | 46.2x | 4.4x |
| Mon, 05 May 2025 | ₹4.9t | ₹1.2t | ₹118.8b | 31.6x | 41x | 4x |
| Wed, 02 Apr 2025 | ₹4.9t | ₹1.2t | ₹117.8b | 30.7x | 41.5x | 4x |
| Fri, 28 Feb 2025 | ₹4.5t | ₹1.2t | ₹117.6b | 30.2x | 38.5x | 3.7x |
| Sun, 26 Jan 2025 | ₹5.3t | ₹1.2t | ₹119.7b | 36.4x | 44x | 4.4x |
| Tue, 24 Dec 2024 | ₹5.7t | ₹1.2t | ₹117.9b | 39.8x | 48.5x | 4.8x |
| Thu, 21 Nov 2024 | ₹5.7t | ₹1.2t | ₹118.2b | 35.5x | 48.1x | 4.8x |
| Sat, 19 Oct 2024 | ₹6.1t | ₹1.2t | ₹112.4b | 39.6x | 54.3x | 5.2x |
| Mon, 16 Sep 2024 | ₹6.1t | ₹1.2t | ₹111.9b | 39.5x | 54.4x | 5.2x |
| Wed, 14 Aug 2024 | ₹5.9t | ₹1.2t | ₹111.1b | 39.1x | 53x | 5.1x |
| Fri, 12 Jul 2024 | ₹6.3t | ₹1.1t | ₹107.6b | 41.2x | 58.5x | 5.5x |
| Sun, 09 Jun 2024 | ₹5.8t | ₹1.1t | ₹107.3b | 38.5x | 53.9x | 5.1x |
| Tue, 07 May 2024 | ₹5.3t | ₹1.1t | ₹106.8b | 39.8x | 49.5x | 4.7x |
| Thu, 04 Apr 2024 | ₹4.8t | ₹1.1t | ₹106.3b | 36.1x | 45.5x | 4.4x |
| Sat, 02 Mar 2024 | ₹4.4t | ₹1.1t | ₹104.9b | 34.7x | 42.4x | 4.1x |
| Mon, 29 Jan 2024 | ₹4.3t | ₹1.1t | ₹102.1b | 33.6x | 42.5x | 4x |
| Wed, 27 Dec 2023 | ₹4.3t | ₹1.1t | ₹103.3b | 31.5x | 41.5x | 4x |
| Fri, 24 Nov 2023 | ₹3.9t | ₹1.1t | ₹99.4b | 29.8x | 39.2x | 3.7x |
| Sun, 22 Oct 2023 | ₹4.0t | ₹1.0t | ₹98.1b | 29.8x | 40.7x | 3.9x |
| Tue, 19 Sep 2023 | ₹3.9t | ₹1.0t | ₹97.9b | 28.7x | 40x | 3.8x |
| Thu, 17 Aug 2023 | ₹3.8t | ₹1.0t | ₹98.0b | 27.7x | 38.3x | 3.6x |
Price to Earnings Ratio
38.3x
Current Industry PE
- Investors are relatively neutral on the Indian Industrial Machinery 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 44.5x.
- The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Industrial Machinery industry have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 10% 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 Industrial Machinery compare with similar industries?
| IN Market | 1.27% | |
| Industrials | 2.45% | |
| Machinery | 2.45% | |
| Industrial Machinery | 1.97% | |
| Construction Machinery and Vehicles | 3.08% | |
| Agricultural Machinery | 0.26% | |
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 | |
|---|---|---|---|---|---|
| MTARTECH MTAR Technologies | ₹7.09k | 23.7% +₹41.8b | 373.1% | PE163.3x | |
| AIAENG AIA Engineering | ₹4.78k | 4.0% +₹17.3b | 54.6% | PE35.1x | |
| 522113 Timken India | ₹3.36k | 6.6% +₹15.6b | 16.8% | PE59.3x | |
| AZAD Azad Engineering | ₹2.49k | 8.6% +₹12.7b | 65.1% | PE115.7x | |
| LLOYDSENGG Lloyds Engineering Works | ₹96.88 | 9.3% +₹12.2b | 44.8% | PE64.1x |
