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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies67
  • 7D0.3%
  • 3M-4.2%
  • 1Y3.8%
  • YTD3.6%

In the last week, Basic Materials has been flat. As for the the longer term, the industry is up 3.8% over the past 12 months. 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
Thu, 01 Jan 2026₹10.3t₹4.4t₹261.8b30.1x39.5x2.3x
Sat, 29 Nov 2025₹10.2t₹4.4t₹261.8b31.2x39.1x2.3x
Mon, 27 Oct 2025₹10.7t₹4.3t₹227.6b34.3x46.9x2.5x
Wed, 24 Sep 2025₹11.1t₹4.3t₹212.6b34.4x52x2.6x
Fri, 22 Aug 2025₹11.3t₹4.3t₹226.0b33.7x50.1x2.6x
Sun, 20 Jul 2025₹10.9t₹4.1t₹201.8b44.9x53.8x2.6x
Tue, 17 Jun 2025₹10.2t₹4.1t₹201.8b41.1x50.7x2.5x
Thu, 15 May 2025₹10.2t₹4.0t₹198.9b37.2x51.4x2.5x
Sat, 12 Apr 2025₹9.9t₹4.0t₹202.2b31.6x49x2.5x
Mon, 10 Mar 2025₹9.2t₹4.0t₹202.2b32.2x45.3x2.3x
Wed, 05 Feb 2025₹9.7t₹3.9t₹209.7b32x46.3x2.5x
Fri, 03 Jan 2025₹10.0t₹3.9t₹203.2b37.5x49.1x2.5x
Sun, 01 Dec 2024₹9.8t₹3.9t₹203.1b38.6x48.1x2.5x
Tue, 29 Oct 2024₹9.8t₹3.9t₹226.8b31.4x43.1x2.5x
Thu, 26 Sep 2024₹10.3t₹3.9t₹239.4b32.4x42.9x2.6x
Sat, 24 Aug 2024₹10.1t₹3.9t₹239.3b33.8x42.3x2.6x
Mon, 22 Jul 2024₹10.3t₹3.9t₹249.5b33.1x41.3x2.6x
Wed, 19 Jun 2024₹10.1t₹3.9t₹248.5b30.8x40.7x2.6x
Fri, 17 May 2024₹9.2t₹3.9t₹241.9b33.3x38.1x2.4x
Sun, 14 Apr 2024₹9.0t₹3.8t₹234.5b30.2x38.3x2.3x
Tue, 12 Mar 2024₹8.9t₹3.8t₹234.4b30.5x38.1x2.3x
Thu, 08 Feb 2024₹9.2t₹3.8t₹240.3b35.9x38.4x2.4x
Sat, 06 Jan 2024₹9.0t₹3.8t₹216.9b37.9x41.6x2.4x
Mon, 04 Dec 2023₹8.3t₹3.8t₹216.9b33.7x38.1x2.2x
Wed, 01 Nov 2023₹7.7t₹3.7t₹196.8b30.8x39.1x2.1x
Fri, 29 Sep 2023₹7.7t₹3.7t₹185.2b30.4x41.4x2.1x
Sun, 27 Aug 2023₹7.4t₹3.7t₹184.0b31.3x40.3x2x
Tue, 25 Jul 2023₹7.3t₹3.6t₹186.4b34.6x39.3x2x
Thu, 22 Jun 2023₹7.6t₹3.6t₹185.8b28.8x40.8x2.1x
Sat, 20 May 2023₹7.1t₹3.5t₹209.8b24.4x33.7x2x
Mon, 17 Apr 2023₹7.0t₹3.4t₹210.3b23.2x33.3x2x
Wed, 15 Mar 2023₹6.5t₹3.4t₹210.0b23.8x31x1.9x
Fri, 10 Feb 2023₹6.7t₹3.4t₹203.7b25.3x32.8x2x
Sun, 08 Jan 2023₹7.1t₹3.3t₹213.8b23.9x33.4x2.1x
Price to Earnings Ratio

33.4x


Total Market Cap: ₹7.1tTotal Earnings: ₹213.8bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.1x202420252026
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 42.1x.
  • 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 Market-0.90%
Materials0.56%
Basic Materials0.28%
Construction Materials0.28%
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
500425 Ambuja Cements₹556.301.4%
+₹19.2b		3.4%PE24.3x
SHREECEM Shree Cement₹26.58k1.6%
+₹15.5b		4.2%PE55.8x
ULTRACEMCO UltraTech Cement₹11.78k0.2%
+₹5.9b		2.9%PE47.5x
DALBHARAT Dalmia Bharat₹2.13k1.0%
+₹4.0b		20.3%PE35.5x
MIDWESTLTD Midwest₹1.72k5.9%
+₹3.4b		n/aPE55.4x

Latest News

532644
₹5,531.70
J.K. Cement
7D
-2.8%
1Y
20.7%
MIDWESTLTD
₹1,720.60
Midwest
7D
5.9%
1Y
n/a
500380
₹777.85
JK Lakshmi Cement
7D
-1.9%
1Y
-6.7%

500380: Earnings Multiple Expansion Will Likely Drive Upside Despite Margin Concerns

Analysts have trimmed their price target on JK Lakshmi Cement from Rs 1,300 to about Rs 1,251, as higher discount rate assumptions and softer profit margin expectations more than offset a modest upgrade to long term revenue growth and valuation multiples. What's in the News A board meeting is scheduled for November 6, 2025, to review and approve the unaudited financial results for the quarter ended September 30, 2025 (company filing).
540575
₹225.15
Star Cement
7D
-1.2%
1Y
-1.8%

540575: Upcoming Fundraising Plans Will Support A Stronger Long Term Outlook

Analysts have nudged their price target on Star Cement slightly higher to reflect a modest increase in long term fair value. This is supported by marginally stronger revenue growth assumptions and a steadier future valuation multiple, partly offset by a slight reduction in projected profit margins and a marginally higher discount rate.
DALBHARAT
₹2,130.90
Dalmia Bharat
7D
1.0%
1Y
20.3%

DALBHARAT: Future Returns May Lag Amid Softer Margins Despite Upcoming Dividend

Analysts have modestly raised their price target for Dalmia Bharat from ₹1,745 to about ₹1,818, reflecting updated assumptions of slightly lower long term revenue growth and margins, as well as a higher justified future valuation multiple for the stock. What's in the News A board meeting is scheduled on October 17, 2025, at 11:35 a.m. IST to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
GRASIM
₹2,829.00
Grasim Industries
7D
0.07%
1Y
15.8%
500338
₹135.85
Prism Johnson
7D
-4.9%
1Y
-20.3%
500425
₹556.30
Ambuja Cements
7D
1.4%
1Y
3.4%
SHREECEM
₹26,575.00
Shree Cement
7D
1.6%
1Y
4.2%
NUVOCO
₹355.95
Nuvoco Vistas
7D
-2.9%
1Y
0.7%

NUVOCO: Planned Energy Acquisition Will Drive Future Upside Potential

Analysts have trimmed their price target on Nuvoco Vistas slightly, reducing fair value by about ₹0.90 per share as they factor in a marginally higher discount rate, slightly softer revenue growth expectations, and a modestly lower projected profit margin, which is only partially offset by a higher anticipated future P/E multiple. What's in the News Nuvoco Vistas plans a private placement of convertible debentures to raise INR 6,000 crore, providing funding flexibility for growth and balance sheet needs (company announcement).
ULTRACEMCO
₹11,784.00
UltraTech Cement
7D
0.2%
1Y
2.9%

Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?

Dec 13
Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?
RAMCOCEM
₹1,056.60
Ramco Cements
7D
-0.4%
1Y
9.4%

We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease

Dec 09
We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease
BIGBLOC
₹78.02
Bigbloc Construction
7D
15.4%
1Y
-23.8%
RAMCOIND
₹311.45
Ramco Industries
7D
-3.4%
1Y
12.0%
534076
₹458.45
RHI Magnesita India
7D
2.6%
1Y
-7.9%
500335
₹1,064.15
Birla
7D
-1.1%
1Y
-13.8%