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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.2%
  • 3M-7.1%
  • 1Y8.2%
  • YTD3.5%

The Basic Materials industry is down 1.2% over the last week with UltraTech Cement the worst performer, down 1.2%. Over the past 12 months, the industry was up 8.2%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Indian Basic Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025₹10.3t₹4.4t₹261.6b30.7x39.4x2.3x
Sun, 19 Oct 2025₹10.9t₹4.3t₹215.8b33.2x50.3x2.5x
Tue, 16 Sep 2025₹11.0t₹4.3t₹212.6b33.4x51.6x2.6x
Thu, 14 Aug 2025₹10.9t₹4.3t₹225.7b32.6x48.4x2.5x
Sat, 12 Jul 2025₹10.8t₹4.1t₹201.8b44.3x53.6x2.6x
Mon, 09 Jun 2025₹10.1t₹4.1t₹202.0b40.5x49.8x2.4x
Wed, 07 May 2025₹10.0t₹4.0t₹199.4b34.8x50.3x2.5x
Fri, 04 Apr 2025₹10.0t₹4.0t₹202.2b31.6x49.4x2.5x
Sun, 02 Mar 2025₹8.8t₹4.0t₹202.2b30x43.4x2.2x
Tue, 28 Jan 2025₹9.5t₹3.9t₹196.2b35.8x48.4x2.4x
Thu, 26 Dec 2024₹9.8t₹3.9t₹203.2b37.3x48.1x2.5x
Sat, 23 Nov 2024₹9.6t₹3.9t₹203.1b37.8x47.2x2.4x
Mon, 21 Oct 2024₹9.9t₹3.9t₹239.4b33x41.2x2.5x
Wed, 18 Sep 2024₹10.3t₹3.9t₹239.4b32.1x43x2.6x
Fri, 16 Aug 2024₹9.7t₹3.9t₹239.4b31.9x40.6x2.5x
Sun, 14 Jul 2024₹10.6t₹3.9t₹248.6b33.7x42.4x2.7x
Tue, 11 Jun 2024₹9.6t₹3.9t₹248.5b30.4x38.5x2.5x
Thu, 09 May 2024₹9.1t₹3.8t₹251.5b31.9x36.3x2.4x
Sat, 06 Apr 2024₹9.1t₹3.8t₹234.5b31.6x38.8x2.4x
Mon, 04 Mar 2024₹9.3t₹3.8t₹234.5b32.8x39.5x2.4x
Wed, 31 Jan 2024₹9.1t₹3.8t₹232.7b37.9x39.3x2.4x
Fri, 29 Dec 2023₹9.1t₹3.8t₹216.9b36.6x41.9x2.4x
Sun, 26 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Tue, 24 Oct 2023₹7.6t₹3.7t₹191.3b32.4x39.9x2.1x
Thu, 21 Sep 2023₹7.8t₹3.7t₹185.2b30.4x42.2x2.1x
Sat, 19 Aug 2023₹7.5t₹3.7t₹184.0b31.6x40.5x2x
Mon, 17 Jul 2023₹7.4t₹3.6t₹186.0b29.8x39.5x2.1x
Wed, 14 Jun 2023₹7.6t₹3.6t₹185.8b32.8x40.8x2.1x
Fri, 12 May 2023₹7.2t₹3.5t₹211.1b24.8x34.1x2.1x
Sun, 09 Apr 2023₹7.0t₹3.4t₹210.3b23x33.2x2x
Tue, 07 Mar 2023₹6.7t₹3.4t₹210.0b24.8x32.1x2x
Thu, 02 Feb 2023₹6.5t₹3.4t₹206.1b23.6x31.8x1.9x
Sat, 31 Dec 2022₹7.1t₹3.3t₹214.1b24.5x33.3x2.1x
Mon, 28 Nov 2022₹7.2t₹3.3t₹213.8b24.3x33.5x2.1x
Price to Earnings Ratio

33.5x


Total Market Cap: ₹7.2tTotal Earnings: ₹213.8bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 41.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Basic 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 41.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have grown 7.0% per year over the last three years.
  • Revenues for these companies have grown 10.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market0.34%
Materials-1.55%
Basic Materials-1.15%
Construction Materials-1.15%
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
RAMCOCEM Ramco Cements₹1.01k3.1%
+₹7.1b		6.9%PE64.2x
532644 J.K. Cement₹5.62k1.2%
+₹5.0b		35.9%PE42x
INDIACEM India Cements₹403.702.8%
+₹3.4b		13.3%PE388.3x
MIDWESTLTD Midwest₹1.21k3.3%
+₹1.4b		n/aPE39x
RAMCOIND Ramco Industries₹327.504.9%
+₹1.3b		13.9%PE12.3x

Latest News

540652
₹191.00
Captain Technocast
7D
19.7%
1Y
-6.8%
GRASIM
₹2,734.80
Grasim Industries
7D
-1.7%
1Y
5.2%

GRASIM: Board Will Approve Renewable Energy Acquisitions To Drive Expansion

Analysts have slightly lowered their price target for Grasim Industries from ₹3,296.45 to ₹3,293.09, citing modest adjustments in projected discount rates and future earnings outlook. What's in the News An upcoming Board Meeting is scheduled for November 5, 2025, at 12:00 IST.
SHREECEM
₹26,480.00
Shree Cement
7D
-0.8%
1Y
6.8%

SHREECEM: Interim Dividend Announcement Will Drive Positive Momentum Ahead

Analysts have slightly reduced their price target for Shree Cement, lowering it from ₹30,858 to ₹30,654. This change reflects more conservative expectations on growth and profit margins going forward.
532486
₹938.20
Pokarna
7D
4.1%
1Y
-4.9%
MIDWESTLTD
₹1,210.60
Midwest
7D
3.3%
1Y
n/a
RAMCOIND
₹327.50
Ramco Industries
7D
4.9%
1Y
13.9%
534076
₹462.80
RHI Magnesita India
7D
-4.7%
1Y
-9.3%
540575
₹224.60
Star Cement
7D
-4.0%
1Y
24.8%
RAMCOCEM
₹1,010.50
Ramco Cements
7D
3.1%
1Y
6.9%

Earnings Miss: The Ramco Cements Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: The Ramco Cements Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts
500425
₹547.50
Ambuja Cements
7D
-2.8%
1Y
9.3%

500425: Improved Margins Will Drive Earnings Expansion Into Next Fiscal Year

Analysts have raised their price target for Ambuja Cements from ₹653.80 to ₹660.49, citing improved profit margin forecasts despite slightly lower revenue growth expectations. What's in the News A Board Meeting is scheduled for November 3, 2025 to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025 (Key Developments).
532644
₹5,620.20
J.K. Cement
7D
1.2%
1Y
35.9%

532644: Future Margins Will Benefit From New Plant Investment Approvals

Analysts have slightly reduced their price target for J.K. Cement, lowering it from ₹6,933 to ₹6,885. Updated forecasts reflect marginally lower revenue growth estimates but improved profit margins for the company.
DALBHARAT
₹2,009.20
Dalmia Bharat
7D
-1.2%
1Y
11.1%

Here's What's Concerning About Dalmia Bharat's (NSE:DALBHARAT) Returns On Capital

Nov 05
Here's What's Concerning About Dalmia Bharat's (NSE:DALBHARAT) Returns On Capital
BIGBLOC
₹51.62
Bigbloc Construction
7D
3.0%
1Y
-50.2%
500380
₹795.70
JK Lakshmi Cement
7D
-3.0%
1Y
6.3%
INDIACEM
₹403.70
India Cements
7D
2.8%
1Y
13.3%

India Cements' (NSE:INDIACEM) Solid Earnings May Rest On Weak Foundations

Oct 28
India Cements' (NSE:INDIACEM) Solid Earnings May Rest On Weak Foundations
ULTRACEMCO
₹11,729.00
UltraTech Cement
7D
-1.2%
1Y
3.1%

UltraTech Cement (NSE:ULTRACEMCO) Has A Pretty Healthy Balance Sheet

Oct 28
UltraTech Cement (NSE:ULTRACEMCO) Has A Pretty Healthy Balance Sheet