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Indian (NIFTY) Industrial Machinery Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies188
  • 7D2.7%
  • 3M26.0%
  • 1Y15.4%
  • YTDn/a

In the last week, the Industrial Machinery industry is up 2.7%, with Ingersoll-Rand (India) leading the way with a 12% gain. During this same period, the Shaily Engineering Plastics underperformed, falling 7.1%. In the last 12 months, the industry was up 13%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Indian Industrial Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026₹5.6t₹1.3t₹123.3b27.7x45.6x4.2x
Fri, 15 May 2026₹5.2t₹1.3t₹120.9b25.5x43.1x4.1x
Sun, 12 Apr 2026₹4.7t₹1.2t₹119.2b25.1x39.4x3.8x
Tue, 10 Mar 2026₹4.4t₹1.2t₹118.6b23.6x37x3.5x
Thu, 05 Feb 2026₹4.5t₹1.2t₹117.5b24.8x38.6x3.8x
Sat, 03 Jan 2026₹4.6t₹1.2t₹115.6b29.3x40.2x3.9x
Mon, 01 Dec 2025₹5.1t₹1.3t₹125.9b30.2x40.7x4x
Wed, 29 Oct 2025₹5.3t₹1.3t₹128.9b31.2x41x4x
Fri, 26 Sep 2025₹5.5t₹1.3t₹130.8b31.9x41.8x4.2x
Sun, 24 Aug 2025₹5.4t₹1.3t₹129.3b32.1x42x4.2x
Tue, 22 Jul 2025₹5.9t₹1.3t₹123.9b33.3x47.3x4.6x
Thu, 19 Jun 2025₹5.4t₹1.3t₹120.6b34.1x45.1x4.3x
Sat, 17 May 2025₹5.4t₹1.3t₹135.6b33.9x39.7x4x
Mon, 14 Apr 2025₹4.7t₹1.2t₹117.7b31.5x39.8x3.8x
Wed, 12 Mar 2025₹4.7t₹1.2t₹117.8b29.9x39.6x3.8x
Fri, 07 Feb 2025₹5.2t₹1.2t₹118.8b36.9x44.2x4.3x
Sun, 05 Jan 2025₹5.8t₹1.2t₹118.7b41x48.9x4.8x
Tue, 03 Dec 2024₹5.9t₹1.2t₹118.2b39.2x50.2x5x
Thu, 31 Oct 2024₹5.8t₹1.2t₹114.2b37x50.5x4.9x
Sat, 28 Sep 2024₹6.1t₹1.2t₹112.0b39.8x54.5x5.2x
Mon, 26 Aug 2024₹6.1t₹1.2t₹111.6b40.4x54.5x5.2x
Wed, 24 Jul 2024₹6.1t₹1.1t₹108.6b40.1x55.9x5.3x
Fri, 21 Jun 2024₹6.3t₹1.1t₹107.4b41.3x58.9x5.6x
Sun, 19 May 2024₹5.8t₹1.1t₹109.6b42.5x52.6x5.1x
Tue, 16 Apr 2024₹4.9t₹1.1t₹106.4b35.6x45.9x4.4x
Thu, 14 Mar 2024₹4.1t₹1.1t₹105.0b30x39.2x3.8x
Sat, 10 Feb 2024₹4.5t₹1.1t₹103.8b34x42.9x4.1x
Mon, 08 Jan 2024₹4.4t₹1.1t₹103.5b34x42.7x4.1x
Wed, 06 Dec 2023₹4.0t₹1.1t₹99.4b31.1x40.4x3.8x
Fri, 03 Nov 2023₹3.8t₹1.0t₹98.7b30.4x39x3.7x
Sun, 01 Oct 2023₹4.0t₹1.0t₹98.0b29.4x40.4x3.8x
Tue, 29 Aug 2023₹3.8t₹1.0t₹98.0b29.4x39.1x3.7x
Thu, 27 Jul 2023₹3.7t₹1.0t₹93.7b28.7x40x3.7x
Sat, 24 Jun 2023₹3.6t₹1.0t₹93.3b26.7x38.3x3.6x
Price to Earnings Ratio

38.3x


Total Market Cap: ₹3.6tTotal Earnings: ₹93.3bTotal Revenue: ₹1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Industrial Machinery Industry Price to Earnings3Y Average 44.1x202420252026
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 44.1x.
  • 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 9.7% 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 Market2.23%
Industrials2.36%
Machinery3.91%
Industrial Machinery2.72%
Construction Machinery and Vehicles5.20%
Agricultural Machinery2.12%
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
MTARTECH MTAR Technologies₹8.32k17.1%
+₹37.3b		391.4%PE272.1x
LLOYDSENGG Lloyds Engineering Works₹87.6926.6%
+₹27.3b		49.3%PE68.4x
KIRLOSENG Kirloskar Oil Engines₹1.99k9.4%
+₹24.8b		132.5%PE50.8x
INGERRAND Ingersoll-Rand (India)₹4.50k14.7%
+₹18.2b		16.1%PE55.5x
506076 Grindwell Norton₹2.06k7.4%
+₹15.8b		20.9%PE54.8x

Latest News

LLOYDSENGG
₹87.69
Lloyds Engineering Works
7D
26.6%
1Y
49.3%
JYOTICNC
₹706.90
Jyoti CNC Automation
7D
10.5%
1Y
-37.1%
New Narrative • Jun 16

Capacity Expansion And Aerospace Order Book Will Likely Support Steady Long-Term Performance

Catalysts About Jyoti CNC Automation Jyoti CNC Automation manufactures CNC machine tools serving sectors such as aerospace and defense, auto and auto components, general engineering and EMS. What are the underlying business or industry changes driving this perspective?
ELGIEQUIP
₹600.10
Elgi Equipments
7D
-0.5%
1Y
15.4%
Narrative Update • Jun 15

ELGIEQUIP: Future Returns Will Rely On Stable Margins And Industrial Use Cases

Analysts have kept Elgi Equipments' fair value estimate steady at ₹636.00, with only small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions shaping this latest price target update. What's in the News Elgi Equipments declared an annual dividend of ₹2.70 per share, scheduled to be paid on September 13, 2026, with an ex date and record date of July 17, 2026.
505232
₹1,190.15
Veljan Denison
7D
-7.9%
1Y
-4.7%
MTARTECH
₹8,319.00
MTAR Technologies
7D
17.1%
1Y
391.4%
Narrative Update • Jun 08

MTARTECH: Blanket Orders And Raised Guidance Will Shape Future Risk Balance

Analysts have maintained the fair value estimate for MTAR Technologies at ₹7,358.25, making only minor adjustments to assumptions such as a slightly lower discount rate and a modest change to the future P/E used in their models. What's in the News MTAR Technologies reported receiving blanket purchase orders from an existing international customer valued at US$238.76 million, or ₹22,789.6 million at an exchange rate of ₹95.50 per US$1.
NRBBEARING
₹420.60
NRB Bearings
7D
-3.6%
1Y
55.0%
JNKINDIA
₹471.20
JNK India
7D
-5.4%
1Y
30.8%
501423
₹2,889.35
Shaily Engineering Plastics
7D
-4.0%
1Y
62.7%
Narrative Update • Jun 05

501423: Upcoming Results And Fundraising Options Will Support Future Upside

Analysts have trimmed their price target on Shaily Engineering Plastics from ₹3,597 to about ₹3,518, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News A board meeting is scheduled for May 19, 2026 to review and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
526829
₹67.57
Confidence Petroleum India
7D
-7.2%
1Y
14.9%
505283
₹1,831.80
Kirloskar Pneumatic
7D
13.1%
1Y
37.5%
Narrative Update • Jun 04

505283: Dividend Decision And Fair Value View Will Guide Upcoming Outlook

Analysts have lifted their fair value estimate for Kirloskar Pneumatic from about ₹1,473 to roughly ₹1,723, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting was held on April 27, 2026 to review and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend recommendation.
KIRLOSENG
₹1,988.70
Kirloskar Oil Engines
7D
9.4%
1Y
132.5%
Narrative Update • Jun 04

KIRLOSENG: Chairman Transition And Dividend Policy Will Shape A Balanced Outlook

Analysts have maintained the Kirloskar Oil Engines price target at ₹1,877.80, citing updated assumptions that include adjusted discount rates, revenue growth, profit margins and a revised future P/E outlook as the main factors behind the unchanged figure. What's in the News A board meeting is scheduled for 14 May 2026 at 15:00 IST to consider and approve the standalone and consolidated audited financial results for the quarter and year ended 31 March 2026.
500147
₹9,254.70
John Cockerill India
7D
-10.1%
1Y
171.4%
506076
₹2,057.90
Grindwell Norton
7D
7.4%
1Y
20.9%
INGERRAND
₹4,498.80
Ingersoll-Rand (India)
7D
14.7%
1Y
16.1%
533007
₹5.28
LGB Forge
7D
-18.4%
1Y
-53.3%
500241
₹1,847.15
Kirloskar Brothers
7D
7.1%
1Y
2.5%