Narrative Update • May 12
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Indian (NIFTY) Industrial Machinery Industry Analysis
UpdatedMay 16, 2026
DataAggregated Company Financials
Companies185
- 7D-2.4%
- 3M13.9%
- 1Y8.4%
- YTDn/a
Over the last 7 days, the Industrial Machinery industry has dropped 1.2%, driven by Thermax declining 3.8%. Meanwhile, MTAR Technologies actually outperformed within the industry, gaining 12% in the last week. Over the past 12 months, the industry was up 9.6%. Looking forward, earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | ₹5.2t | ₹1.3t | ₹120.9b | 24.9x | 42.9x | 4.1x |
| Mon, 13 Apr 2026 | ₹4.7t | ₹1.2t | ₹119.2b | 25.1x | 39.4x | 3.8x |
| Wed, 11 Mar 2026 | ₹4.5t | ₹1.2t | ₹118.6b | 24x | 37.7x | 3.6x |
| Fri, 06 Feb 2026 | ₹4.5t | ₹1.2t | ₹117.4b | 24.7x | 38.1x | 3.7x |
| Sun, 04 Jan 2026 | ₹4.6t | ₹1.2t | ₹115.6b | 29.3x | 40.2x | 3.9x |
| Tue, 02 Dec 2025 | ₹5.1t | ₹1.3t | ₹125.9b | 29.8x | 40.4x | 3.9x |
| Thu, 30 Oct 2025 | ₹5.3t | ₹1.3t | ₹128.7b | 31.5x | 41.3x | 4.1x |
| Sat, 27 Sep 2025 | ₹5.4t | ₹1.3t | ₹130.8b | 31.3x | 41.1x | 4.1x |
| Mon, 25 Aug 2025 | ₹5.4t | ₹1.3t | ₹129.3b | 32.1x | 42x | 4.2x |
| Wed, 23 Jul 2025 | ₹5.8t | ₹1.3t | ₹123.8b | 33.6x | 47.1x | 4.5x |
| Fri, 20 Jun 2025 | ₹5.4t | ₹1.3t | ₹121.6b | 34.5x | 44.6x | 4.3x |
| Sun, 18 May 2025 | ₹5.4t | ₹1.3t | ₹136.0b | 33.1x | 39.6x | 4x |
| Tue, 15 Apr 2025 | ₹4.7t | ₹1.2t | ₹117.7b | 31.5x | 39.8x | 3.8x |
| Thu, 13 Mar 2025 | ₹4.7t | ₹1.2t | ₹117.8b | 29.9x | 39.6x | 3.8x |
| Sat, 08 Feb 2025 | ₹5.2t | ₹1.2t | ₹118.9b | 36.7x | 43.8x | 4.3x |
| Mon, 06 Jan 2025 | ₹5.8t | ₹1.2t | ₹118.7b | 41x | 48.9x | 4.8x |
| Wed, 04 Dec 2024 | ₹6.0t | ₹1.2t | ₹118.2b | 39.3x | 50.9x | 5x |
| Fri, 01 Nov 2024 | ₹5.8t | ₹1.2t | ₹113.8b | 37.5x | 50.7x | 4.9x |
| Sun, 29 Sep 2024 | ₹6.1t | ₹1.2t | ₹112.0b | 39.8x | 54.5x | 5.2x |
| Tue, 27 Aug 2024 | ₹6.1t | ₹1.2t | ₹111.6b | 39.9x | 54.5x | 5.2x |
| Thu, 25 Jul 2024 | ₹6.2t | ₹1.1t | ₹108.7b | 40.6x | 56.8x | 5.4x |
| Sat, 22 Jun 2024 | ₹6.3t | ₹1.1t | ₹107.4b | 41.3x | 58.9x | 5.6x |
| Mon, 20 May 2024 | ₹5.8t | ₹1.1t | ₹109.6b | 42.4x | 53.1x | 5.1x |
| Wed, 17 Apr 2024 | ₹4.9t | ₹1.1t | ₹106.4b | 35.6x | 45.9x | 4.4x |
| Fri, 15 Mar 2024 | ₹4.2t | ₹1.1t | ₹105.0b | 31.2x | 40x | 3.8x |
| Sun, 11 Feb 2024 | ₹4.5t | ₹1.1t | ₹103.9b | 33.8x | 42.9x | 4.1x |
| Tue, 09 Jan 2024 | ₹4.4t | ₹1.1t | ₹103.5b | 34.1x | 42.4x | 4x |
| Thu, 07 Dec 2023 | ₹4.0t | ₹1.1t | ₹99.4b | 31.4x | 40.4x | 3.8x |
| Sat, 04 Nov 2023 | ₹3.9t | ₹1.0t | ₹98.8b | 30.9x | 39.2x | 3.7x |
| Mon, 02 Oct 2023 | ₹4.0t | ₹1.0t | ₹97.9b | 29.3x | 40.4x | 3.8x |
| Wed, 30 Aug 2023 | ₹3.9t | ₹1.0t | ₹98.0b | 29.3x | 39.6x | 3.8x |
| Fri, 28 Jul 2023 | ₹3.7t | ₹1.0t | ₹94.2b | 28.6x | 39.6x | 3.7x |
| Sun, 25 Jun 2023 | ₹3.6t | ₹1.0t | ₹93.3b | 26.7x | 38.3x | 3.6x |
| Tue, 23 May 2023 | ₹3.3t | ₹983.6b | ₹89.5b | 27.4x | 36.5x | 3.3x |
Price to Earnings Ratio
36.5x
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 43.9x.
- The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Industrial Machinery industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 8.9% 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 | -2.79% | |
| Industrials | -3.55% | |
| Machinery | -4.94% | |
| Industrial Machinery | -2.42% | |
| Agricultural Machinery | -5.08% | |
| Construction Machinery and Vehicles | -7.08% | |
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 | ₹7.23k | 11.8% +₹23.5b | 342.1% | PE350.6x | |
| 506076 Grindwell Norton | ₹1.86k | 10.3% +₹19.2b | 4.4% | PE49.6x | |
| LLOYDSENGG Lloyds Engineering Works | ₹70.59 | 12.3% +₹11.4b | 35.2% | PE55x | |
| 501423 Shaily Engineering Plastics | ₹2.77k | 3.5% +₹4.3b | 65.8% | PE80.4x | |
| NRBBEARING NRB Bearings | ₹346.90 | 9.1% +₹2.8b | 33.8% | PE23.6x |
