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Indian (NIFTY) Industrial Machinery Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies188
  • 7D7.0%
  • 3M39.5%
  • 1Y21.9%
  • YTDn/a

The Industrial Machinery industry is up 5.7% in the last week, with Kirloskar Oil Engines up 24%. In the same time, Shaily Engineering Plastics was down 6.2%. This means that the industry has gained 19% over the past year. Looking forward, 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
Tue, 23 Jun 2026₹6.0t₹1.3t₹123.4b29x48.3x4.5x
Thu, 21 May 2026₹5.2t₹1.3t₹122.1b26.3x42.7x4x
Sat, 18 Apr 2026₹5.0t₹1.2t₹119.2b27.6x41.7x4x
Mon, 16 Mar 2026₹4.3t₹1.2t₹119.0b23.5x36.5x3.5x
Wed, 11 Feb 2026₹4.6t₹1.2t₹118.3b25.8x39x3.8x
Fri, 09 Jan 2026₹4.5t₹1.2t₹115.7b27.8x39.2x3.8x
Sun, 07 Dec 2025₹4.5t₹1.2t₹115.3b28.8x39.2x3.8x
Tue, 04 Nov 2025₹5.4t₹1.3t₹129.5b31.7x41.4x4.1x
Thu, 02 Oct 2025₹5.4t₹1.3t₹130.2b31x41.8x4.1x
Sat, 30 Aug 2025₹5.3t₹1.3t₹129.3b31.2x40.9x4.1x
Mon, 28 Jul 2025₹5.7t₹1.3t₹124.0b33.5x45.7x4.4x
Wed, 25 Jun 2025₹5.5t₹1.3t₹121.7b34.7x45.1x4.3x
Fri, 23 May 2025₹5.4t₹1.3t₹119.1b35.1x45.4x4.3x
Sun, 20 Apr 2025₹4.9t₹1.2t₹117.8b33.2x41.6x4x
Tue, 18 Mar 2025₹4.7t₹1.2t₹117.8b28.6x39.8x3.8x
Thu, 13 Feb 2025₹4.9t₹1.2t₹116.7b33.8x41.8x4x
Sat, 11 Jan 2025₹5.5t₹1.2t₹118.7b38.5x46.4x4.6x
Mon, 09 Dec 2024₹6.0t₹1.2t₹118.2b40.3x50.6x5x
Wed, 06 Nov 2024₹5.8t₹1.2t₹113.8b37.8x51.4x5x
Fri, 04 Oct 2024₹6.0t₹1.2t₹112.3b38.6x53.7x5.2x
Sun, 01 Sep 2024₹6.0t₹1.2t₹111.6b40.3x53.8x5.2x
Tue, 30 Jul 2024₹6.3t₹1.1t₹108.8b42.2x57.9x5.5x
Thu, 27 Jun 2024₹6.4t₹1.1t₹107.4b41.3x59.2x5.6x
Sat, 25 May 2024₹5.8t₹1.1t₹109.8b40.4x53x5.1x
Mon, 22 Apr 2024₹5.0t₹1.1t₹104.5b37.8x47.5x4.5x
Wed, 20 Mar 2024₹4.2t₹1.1t₹105.0b32.2x40.4x3.9x
Fri, 16 Feb 2024₹4.4t₹1.1t₹105.2b34.1x42x4x
Sun, 14 Jan 2024₹4.4t₹1.1t₹101.6b34.4x43.1x4.1x
Tue, 12 Dec 2023₹4.0t₹1.1t₹99.4b31.4x40.6x3.8x
Thu, 09 Nov 2023₹3.9t₹1.0t₹98.1b30x39.8x3.7x
Sat, 07 Oct 2023₹3.9t₹1.0t₹97.9b30.4x40.2x3.8x
Mon, 04 Sep 2023₹4.0t₹1.0t₹98.0b28.7x40.4x3.8x
Wed, 02 Aug 2023₹3.8t₹1.0t₹94.6b29.2x40.7x3.8x
Fri, 30 Jun 2023₹3.6t₹1.0t₹93.3b26.6x38.4x3.6x
Price to Earnings Ratio

38.4x


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 44.2x202420252026
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 Market2.13%
Industrials4.26%
Machinery4.32%
Industrial Machinery7.03%
Agricultural Machinery5.09%
Construction Machinery and Vehicles1.74%
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
KIRLOSENG Kirloskar Oil Engines₹2.39k23.6%
+₹66.3b		182.4%PE61x
AIAENG AIA Engineering₹4.85k8.5%
+₹35.3b		46.9%PE35.6x
505283 Kirloskar Pneumatic₹2.09k28.2%
+₹29.9b		49.2%PE53x
MTARTECH MTAR Technologies₹8.29k12.9%
+₹29.2b		393.3%PE271.3x
LLOYDSENGG Lloyds Engineering Works₹90.2926.5%
+₹28.0b		56.8%PE70.4x

Latest News

500241
₹2,073.00
Kirloskar Brothers
7D
18.2%
1Y
7.8%
KIRLOSENG
₹2,389.80
Kirloskar Oil Engines
7D
23.6%
1Y
182.4%
505283
₹2,088.50
Kirloskar Pneumatic
7D
28.2%
1Y
49.2%
LLOYDSENGG
₹90.29
Lloyds Engineering Works
7D
26.5%
1Y
56.8%
AZAD
₹2,082.40
Azad Engineering
7D
-1.9%
1Y
28.6%
Narrative Update • Jun 09

AZAD: Long Term Supply Agreements And New Facility Will Support Balanced Outlook

Analysts have maintained their fair value estimate for Azad Engineering at ₹2,070.71 per share, with a slightly lower discount rate and a modestly adjusted future P/E assumption shaping the latest price target narrative. What's in the News Board meeting scheduled on May 12, 2026, to consider reappointment of Mr. Rakesh Chopdar as Whole-Time Director, Executive Chairman and CEO, and reappointment of Mrs.
MTARTECH
₹8,294.50
MTAR Technologies
7D
12.9%
1Y
393.3%
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.
INOXINDIA
₹2,040.90
INOX India
7D
14.2%
1Y
73.7%
JNKINDIA
₹479.45
JNK India
7D
-3.3%
1Y
34.0%
522113
₹3,756.55
Timken India
7D
6.9%
1Y
15.4%
Narrative Update • Jun 06

522113: Board Decisions On Dividend And Amalgamation Will Shape Measured Outlook

Analysts have raised their fair value estimate for Timken India from about ₹3,550 to roughly ₹3,910, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Board of directors met on May 18, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
AIAENG
₹4,848.00
AIA Engineering
7D
8.5%
1Y
46.9%
Narrative Update • Jun 06

AIAENG: Board Changes And Refined Assumptions Will Guide A Balanced Outlook

Analysts have raised their price target on AIA Engineering from ₹4,045.00 to ₹4,492.54, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for April 20, 2026, to record the appointment of Mr. Malay Jayendra Dalal as an Additional Director for a first term of five years, up to April 19, 2031, subject to shareholder approval within three months.
TEGA
₹1,757.40
Tega Industries
7D
-1.4%
1Y
19.0%
Analysis Article • Jun 06

Tega Industries' (NSE:TEGA) Shareholders Have More To Worry About Than Only Soft Earnings

Despite Tega Industries Limited's ( NSE:TEGA ) recent earnings report having lackluster headline numbers, the market...
DEEDEV
₹677.15
DEE Development Engineers
7D
-1.8%
1Y
111.0%
501423
₹2,762.50
Shaily Engineering Plastics
7D
-6.2%
1Y
59.8%
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.
500147
₹9,201.95
John Cockerill India
7D
-1.4%
1Y
160.9%
522215
₹375.30
HLE Glascoat
7D
-2.9%
1Y
-13.6%
522029
₹317.75
Windsor Machines
7D
-2.7%
1Y
-10.1%