Narrative Update • Jun 18
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Indian (NIFTY) Industrial Machinery Industry Analysis
UpdatedJun 21, 2026
DataAggregated Company Financials
Companies188
- 7D5.7%
- 3M33.1%
- 1Y19.3%
- YTDn/a
Over the last 7 days, the Industrial Machinery industry has risen 5.7%, driven by gains in MTAR Technologies and AIA Engineering of 17% and 8.2%, respectively. Meanwhile, Shaily Engineering Plastics actually underperformed within the industry, shrinking 5.8% in the last week. This means that the industry has gained 19% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Jun 2026 | ₹5.8t | ₹1.3t | ₹123.4b | 29x | 47x | 4.3x |
| Tue, 19 May 2026 | ₹5.1t | ₹1.3t | ₹121.7b | 25.2x | 42.2x | 4x |
| Thu, 16 Apr 2026 | ₹4.9t | ₹1.2t | ₹119.2b | 26.1x | 41x | 3.9x |
| Sat, 14 Mar 2026 | ₹4.3t | ₹1.2t | ₹118.7b | 23.5x | 36.6x | 3.5x |
| Mon, 09 Feb 2026 | ₹4.4t | ₹1.2t | ₹117.6b | 24.5x | 37.8x | 3.7x |
| Wed, 07 Jan 2026 | ₹4.6t | ₹1.2t | ₹115.7b | 28.7x | 39.9x | 3.9x |
| Fri, 05 Dec 2025 | ₹4.4t | ₹1.2t | ₹115.2b | 28.7x | 38.4x | 3.7x |
| Sun, 02 Nov 2025 | ₹5.3t | ₹1.3t | ₹129.2b | 31.3x | 41.1x | 4.1x |
| Tue, 30 Sep 2025 | ₹5.4t | ₹1.3t | ₹130.2b | 31.1x | 41.2x | 4.1x |
| Thu, 28 Aug 2025 | ₹5.4t | ₹1.3t | ₹129.3b | 31.9x | 41.4x | 4.1x |
| Sat, 26 Jul 2025 | ₹5.7t | ₹1.3t | ₹123.5b | 33.5x | 45.9x | 4.4x |
| Mon, 23 Jun 2025 | ₹5.4t | ₹1.3t | ₹121.7b | 34.4x | 44.7x | 4.3x |
| Wed, 21 May 2025 | ₹5.4t | ₹1.3t | ₹119.5b | 34.3x | 45x | 4.3x |
| Fri, 18 Apr 2025 | ₹4.9t | ₹1.2t | ₹117.7b | 33.2x | 41.7x | 4x |
| Sun, 16 Mar 2025 | ₹4.7t | ₹1.2t | ₹117.8b | 28.6x | 39.6x | 3.8x |
| Tue, 11 Feb 2025 | ₹5.1t | ₹1.2t | ₹117.7b | 35.4x | 43.2x | 4.2x |
| Thu, 09 Jan 2025 | ₹5.7t | ₹1.2t | ₹118.7b | 40.2x | 48.2x | 4.8x |
| Sat, 07 Dec 2024 | ₹6.0t | ₹1.2t | ₹118.2b | 40.3x | 50.6x | 5x |
| Mon, 04 Nov 2024 | ₹5.9t | ₹1.2t | ₹113.8b | 37.6x | 52x | 5x |
| Wed, 02 Oct 2024 | ₹6.1t | ₹1.2t | ₹112.0b | 39.5x | 54.7x | 5.3x |
| Fri, 30 Aug 2024 | ₹6.0t | ₹1.2t | ₹111.6b | 39.8x | 53.4x | 5.1x |
| Sun, 28 Jul 2024 | ₹6.2t | ₹1.1t | ₹108.8b | 41.6x | 57.4x | 5.4x |
| Tue, 25 Jun 2024 | ₹6.3t | ₹1.1t | ₹107.4b | 41.3x | 59.1x | 5.6x |
| Thu, 23 May 2024 | ₹5.8t | ₹1.1t | ₹109.7b | 41.8x | 52.9x | 5.1x |
| Sat, 20 Apr 2024 | ₹4.9t | ₹1.1t | ₹106.4b | 37.8x | 46.3x | 4.5x |
| Mon, 18 Mar 2024 | ₹4.2t | ₹1.1t | ₹105.0b | 31.1x | 40x | 3.9x |
| Wed, 14 Feb 2024 | ₹4.3t | ₹1.1t | ₹104.1b | 32.8x | 41.6x | 4x |
| Fri, 12 Jan 2024 | ₹4.4t | ₹1.1t | ₹103.6b | 34.4x | 42.8x | 4.1x |
| Sun, 10 Dec 2023 | ₹4.0t | ₹1.1t | ₹99.4b | 31.3x | 40.5x | 3.8x |
| Tue, 07 Nov 2023 | ₹3.9t | ₹1.0t | ₹99.4b | 30.6x | 39.1x | 3.7x |
| Thu, 05 Oct 2023 | ₹4.0t | ₹1.0t | ₹97.9b | 29.9x | 40.4x | 3.8x |
| Sat, 02 Sep 2023 | ₹4.0t | ₹1.0t | ₹98.0b | 28.7x | 40.4x | 3.8x |
| Mon, 31 Jul 2023 | ₹3.8t | ₹1.0t | ₹94.4b | 28.9x | 39.9x | 3.7x |
| Wed, 28 Jun 2023 | ₹3.6t | ₹1.0t | ₹93.3b | 26.3x | 38.5x | 3.6x |
Price to Earnings Ratio
38.5x
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 44.2x.
- 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 9.8% 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 | 2.85% | |
| Industrials | 5.07% | |
| Machinery | 4.77% | |
| Industrial Machinery | 5.75% | |
| Construction Machinery and Vehicles | 3.97% | |
| Agricultural Machinery | 3.37% | |
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 | ₹8.37k | 17.0% +₹37.4b | 387.8% | PE274x | |
| AIAENG AIA Engineering | ₹4.69k | 8.2% +₹33.0b | 43.4% | PE34.4x | |
| 506076 Grindwell Norton | ₹2.14k | 11.1% +₹23.7b | 29.4% | PE56.9x | |
| LLOYDSENGG Lloyds Engineering Works | ₹86.84 | 22.4% +₹23.5b | 51.6% | PE67.7x | |
| 505283 Kirloskar Pneumatic | ₹1.95k | 21.4% +₹22.3b | 45.1% | PE49.5x |
