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Indian (NIFTY) Materials Sector Analysis
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies785
- 7D0.6%
- 3M1.2%
- 1Y3.5%
- YTD7.9%
Last week, the Materials industry hasn't moved much but JSW Steel is up 3.8% in that time. As for the the longer term, the industry is up 3.5% over the past 12 months. As for the next few years, earnings are expected to grow by 21% per annum.
Sector Valuation and Performance
Has the Indian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Nov 2025 | ₹51.8t | ₹25.8t | ₹1.6t | 24.2x | 31.6x | 2x |
| Thu, 02 Oct 2025 | ₹50.5t | ₹25.4t | ₹1.6t | 24.7x | 31.4x | 2x |
| Sat, 30 Aug 2025 | ₹49.6t | ₹25.4t | ₹1.6t | 23.9x | 30.6x | 2x |
| Mon, 28 Jul 2025 | ₹50.5t | ₹25.0t | ₹1.6t | 26.2x | 32.2x | 2x |
| Wed, 25 Jun 2025 | ₹49.2t | ₹24.8t | ₹1.5t | 26.1x | 32.2x | 2x |
| Fri, 23 May 2025 | ₹48.5t | ₹24.7t | ₹1.5t | 24.8x | 32.1x | 2x |
| Sun, 20 Apr 2025 | ₹46.4t | ₹24.3t | ₹1.4t | 23.9x | 32.4x | 1.9x |
| Tue, 18 Mar 2025 | ₹43.9t | ₹24.3t | ₹1.4t | 22.8x | 30.6x | 1.8x |
| Thu, 13 Feb 2025 | ₹44.3t | ₹24.3t | ₹1.4t | 25.6x | 31.4x | 1.8x |
| Sat, 11 Jan 2025 | ₹45.9t | ₹24.0t | ₹1.4t | 28.1x | 33.3x | 1.9x |
| Mon, 09 Dec 2024 | ₹50.2t | ₹24.0t | ₹1.4t | 30.6x | 36.4x | 2.1x |
| Wed, 06 Nov 2024 | ₹49.9t | ₹24.0t | ₹1.3t | 30.3x | 39.4x | 2.1x |
| Fri, 04 Oct 2024 | ₹52.5t | ₹24.0t | ₹1.3t | 31.1x | 40.2x | 2.2x |
| Sun, 01 Sep 2024 | ₹50.6t | ₹24.0t | ₹1.3t | 30.6x | 38.8x | 2.1x |
| Tue, 30 Jul 2024 | ₹51.0t | ₹23.9t | ₹1.3t | 30.2x | 39.3x | 2.1x |
| Thu, 27 Jun 2024 | ₹49.8t | ₹23.8t | ₹1.3t | 29.5x | 38x | 2.1x |
| Sat, 25 May 2024 | ₹48.0t | ₹23.9t | ₹1.3t | 27.1x | 36.3x | 2x |
| Mon, 22 Apr 2024 | ₹44.0t | ₹23.9t | ₹1.4t | 26.4x | 31.9x | 1.8x |
| Wed, 20 Mar 2024 | ₹40.4t | ₹24.0t | ₹1.4t | 23.9x | 29.1x | 1.7x |
| Fri, 16 Feb 2024 | ₹41.8t | ₹24.0t | ₹1.4t | 26.3x | 30x | 1.7x |
| Sun, 14 Jan 2024 | ₹42.7t | ₹24.4t | ₹1.4t | 27.1x | 31.3x | 1.8x |
| Tue, 12 Dec 2023 | ₹41.1t | ₹24.4t | ₹1.4t | 24.6x | 30.1x | 1.7x |
| Thu, 09 Nov 2023 | ₹38.1t | ₹24.3t | ₹1.3t | 24.3x | 28.2x | 1.6x |
| Sat, 07 Oct 2023 | ₹37.8t | ₹24.4t | ₹1.4t | 23.8x | 27x | 1.6x |
| Mon, 04 Sep 2023 | ₹38.2t | ₹24.4t | ₹1.4t | 23.4x | 27.3x | 1.6x |
| Wed, 02 Aug 2023 | ₹37.2t | ₹24.4t | ₹1.5t | 20.9x | 25.5x | 1.5x |
| Fri, 30 Jun 2023 | ₹35.5t | ₹24.5t | ₹1.6t | 19.1x | 22.9x | 1.5x |
| Sun, 28 May 2023 | ₹33.9t | ₹24.5t | ₹1.6t | 18.2x | 21.1x | 1.4x |
| Tue, 25 Apr 2023 | ₹33.0t | ₹24.2t | ₹1.8t | 17.1x | 18.3x | 1.4x |
| Thu, 23 Mar 2023 | ₹32.1t | ₹24.2t | ₹1.8t | 15.9x | 17.7x | 1.3x |
| Sat, 18 Feb 2023 | ₹32.8t | ₹24.2t | ₹1.8t | 16.2x | 18.1x | 1.4x |
| Mon, 16 Jan 2023 | ₹34.2t | ₹23.6t | ₹2.1t | 17.2x | 16.5x | 1.4x |
| Wed, 14 Dec 2022 | ₹34.6t | ₹23.6t | ₹2.1t | 17.1x | 16.7x | 1.5x |
| Fri, 11 Nov 2022 | ₹33.2t | ₹23.2t | ₹2.2t | 16.3x | 15.3x | 1.4x |
Price to Earnings Ratio
15.3x
Current Industry PE
- Investors are relatively neutral on the Indian Materials 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 29.2x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 8.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Materials sector?
| IN Market | 0.15% | |
| Materials | 0.55% | |
| Paper and Forestry Products | 2.10% | |
| Metals and Mining | 1.63% | |
| Chemicals | -0.0037% | |
| Basic Materials | -0.50% | |
| Packaging | -0.76% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 21.4x.
- Analysts are expecting annual earnings growth of 71.8%, which is higher than its past year's earnings decline of 22.8% per year.
- Investors are most pessimistic about the Packaging industry, which is trading below its 3-year average of 24.5x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 72% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 532504 Navin Fluorine International | ₹6.05k | 21.1% +₹54.0b | 79.6% | PE69.8x | |
| 500425 Ambuja Cements | ₹567.30 | 2.2% +₹30.5b | -0.8% | PE24.8x | |
| SAIL Steel Authority of India | ₹138.18 | 4.6% +₹24.9b | 16.6% | PE22.3x | |
| 512070 UPL | ₹731.30 | 4.1% +₹24.4b | 30.8% | PE58.4x | |
| VEDL Vedanta | ₹508.15 | 1.1% +₹22.3b | 8.2% | PE16.5x |
