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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies65
  • 7D-1.3%
  • 3M1.2%
  • 1Y15.2%
  • YTD-0.9%

In the last week, the Basic Materials industry is down 1.3% with Ambuja Cements down the most at 2.3%. In the past year, the industry has gained 15%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026₹10.4t₹4.6t₹247.6b24.8x41.9x2.2x
Tue, 27 Jan 2026₹10.3t₹4.5t₹265.7b26.8x38.9x2.3x
Thu, 25 Dec 2025₹10.4t₹4.4t₹261.8b30.6x39.5x2.3x
Sat, 22 Nov 2025₹10.3t₹4.4t₹261.6b30.5x39.3x2.3x
Mon, 20 Oct 2025₹10.9t₹4.3t₹224.6b34.2x48.3x2.5x
Wed, 17 Sep 2025₹11.1t₹4.3t₹212.6b33.5x52.1x2.6x
Fri, 15 Aug 2025₹11.0t₹4.3t₹225.7b31.4x48.6x2.6x
Sun, 13 Jul 2025₹10.8t₹4.1t₹201.8b44.6x53.5x2.6x
Tue, 10 Jun 2025₹10.1t₹4.1t₹202.0b41.7x50x2.5x
Thu, 08 May 2025₹10.0t₹4.0t₹199.4b35.2x50.2x2.5x
Sat, 05 Apr 2025₹9.9t₹4.0t₹202.2b31x48.8x2.5x
Mon, 03 Mar 2025₹8.8t₹4.0t₹202.2b30x43.4x2.2x
Wed, 29 Jan 2025₹9.5t₹3.9t₹202.8b35.5x47x2.4x
Fri, 27 Dec 2024₹9.8t₹3.9t₹203.2b37.4x48.2x2.5x
Sun, 24 Nov 2024₹9.6t₹3.9t₹203.1b37.8x47.2x2.4x
Tue, 22 Oct 2024₹9.8t₹3.9t₹239.4b32.1x40.8x2.5x
Thu, 19 Sep 2024₹10.2t₹3.9t₹239.4b31.1x42.7x2.6x
Sat, 17 Aug 2024₹10.0t₹3.9t₹239.3b31.1x41.6x2.5x
Mon, 15 Jul 2024₹10.6t₹3.9t₹248.6b33.7x42.4x2.7x
Wed, 12 Jun 2024₹9.9t₹3.9t₹248.5b30.6x39.7x2.5x
Fri, 10 May 2024₹9.0t₹3.8t₹251.5b30.3x35.7x2.3x
Sun, 07 Apr 2024₹9.1t₹3.8t₹234.5b31.6x38.8x2.4x
Tue, 05 Mar 2024₹9.2t₹3.8t₹234.5b33.4x39.2x2.4x
Thu, 01 Feb 2024₹9.3t₹3.8t₹232.7b38.4x39.8x2.4x
Sat, 30 Dec 2023₹9.1t₹3.8t₹216.9b36.5x42.1x2.4x
Mon, 27 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Wed, 25 Oct 2023₹7.6t₹3.7t₹191.3b32.4x39.9x2.1x
Fri, 22 Sep 2023₹7.7t₹3.7t₹185.2b30.2x41.7x2.1x
Sun, 20 Aug 2023₹7.5t₹3.7t₹184.0b31.6x40.5x2x
Tue, 18 Jul 2023₹7.4t₹3.6t₹186.0b30.8x39.8x2.1x
Thu, 15 Jun 2023₹7.7t₹3.6t₹185.8b31.5x41.2x2.1x
Sat, 13 May 2023₹7.1t₹3.5t₹211.1b24.8x33.8x2x
Mon, 10 Apr 2023₹7.0t₹3.4t₹210.3b23x33.2x2x
Wed, 08 Mar 2023₹6.7t₹3.4t₹210.0b24.8x32.1x2x
Price to Earnings Ratio

32.1x


Total Market Cap: ₹6.7tTotal Earnings: ₹210.0bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.6x202420252026
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 42.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have grown 5.6% 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 Trends

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

IN Market-0.79%
Materials0.21%
Basic Materials-1.27%
Construction Materials-1.27%
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
JSWCEMENT JSW Cement₹125.082.6%
+₹4.3b		n/aPS2.7x
RAMCOCEM Ramco Cements₹1.13k1.4%
+₹3.8b		36.3%PE46.4x
502137 Deccan Cements₹741.457.7%
+₹740.3m		-5.3%PE32.7x
500338 Prism Johnson₹126.351.1%
+₹679.5m		10.6%PE32.5x
502157 Mangalam Cement₹908.901.8%
+₹433.1m		26.5%PE31x

Latest News

532644
₹5,653.10
J.K. Cement
7D
-1.6%
1Y
28.6%
ULTRACEMCO
₹12,677.00
UltraTech Cement
7D
-0.7%
1Y
25.2%

ULTRACEMCO: GST Rulings And New Capacity Additions Will Shape Balanced Outlook

Analysts have made a small upward tweak to their UltraTech Cement fair value estimate, lifting the price target from ₹14,061.95 to ₹14,084.45. This reflects adjustments to the discount rate, revenue growth outlook and assumed future P/E multiple.
DALBHARAT
₹1,993.00
Dalmia Bharat
7D
-3.7%
1Y
18.0%

DALBHARAT: Upcoming Results Review Will Support Higher Earnings Multiple Outlook

Analysts have lifted their price target on Dalmia Bharat by about ₹50, reflecting updated assumptions around slightly lower revenue growth and profit margin expectations, as well as a higher future P/E multiple and discount rate. What's in the News Dalmia Bharat has scheduled a board meeting on January 21, 2026, at 13:40 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
GRASIM
₹2,799.80
Grasim Industries
7D
-1.2%
1Y
21.4%

GRASIM: Subsidiary Funding And New Leadership Will Support Future Cost Efficiencies

Analysts have lifted their price target on Grasim Industries by about ₹85 to roughly ₹3,403, citing updated assumptions around fair value, discount rate, profit margin and expected future P/E levels. What's in the News Board meeting scheduled on Feb 10, 2026 to consider and approve unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
500380
₹714.50
JK Lakshmi Cement
7D
0.5%
1Y
6.1%

500380: Upcoming Board Meeting Will Reinforce Constructive Outlook On Earnings And Margins

Analysts have trimmed their price target on JK Lakshmi Cement slightly to around ₹900 from about ₹907, citing small adjustments to fair value estimates, discount rate, revenue growth assumptions and future P/E, along with a marginally higher profit margin outlook. What's in the News A board meeting is scheduled for February 3, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025 (Key Developments).
SHREECEM
₹26,075.00
Shree Cement
7D
-1.6%
1Y
-4.4%

SHREECEM: Recent Lockout And Lower Earnings Multiple Will Pressure Future Returns

Analysts have trimmed their fair value estimate for Shree Cement from ₹24,263 to ₹22,748, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. What's in the News Management declared a lockout at the Baloda Bazar cement plant in Raipur, Chhattisgarh, effective 18 December 2025, after reporting non co operation from workmen.
540575
₹214.10
Star Cement
7D
0.4%
1Y
5.9%

540575: Future P/E Reset And Earnings Review Will Shape Fairly Balanced Outlook

Analysts have reduced their price target on Star Cement from ₹260 to about ₹195.65, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E levels. What's in the News A board meeting is scheduled on Feb 06, 2026 to consider, approve, and take on record the unaudited standalone and consolidated financial results for the third quarter and nine months ended Dec 31, 2025 (Key Developments).
534076
₹435.20
RHI Magnesita India
7D
-5.1%
1Y
11.3%
500425
₹500.30
Ambuja Cements
7D
-2.3%
1Y
7.6%

500425: Senior Management Changes Will Set Up The Next Rally

Analysts have trimmed their price target on Ambuja Cements from about ₹662 to about ₹623, citing updated assumptions that include a lower future P/E multiple, as well as revised expectations for revenue growth, profit margins and discount rate. What's in the News A board meeting is scheduled for January 30, 2026, at 13:00 Indian Standard Time to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025, and to review senior management appointments (company filing).
513528
₹79.23
Glittek Granites
7D
26.0%
1Y
1,885.7%
502137
₹741.45
Deccan Cements
7D
7.7%
1Y
-5.3%
RAMCOCEM
₹1,129.80
Ramco Cements
7D
1.4%
1Y
36.3%
502157
₹908.90
Mangalam Cement
7D
1.8%
1Y
26.5%
500338
₹126.35
Prism Johnson
7D
1.1%
1Y
10.6%
JSWCEMENT
₹125.08
JSW Cement
7D
2.6%
1Y
n/a

JSW Cement Limited (NSE:JSWCEMENT) Not Lagging Industry On Growth Or Pricing

Feb 06
JSW Cement Limited (NSE:JSWCEMENT) Not Lagging Industry On Growth Or Pricing
INDIACEM
₹406.00
India Cements
7D
-4.1%
1Y
60.2%