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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies68
  • 7D0.9%
  • 3M2.5%
  • 1Y6.6%
  • YTD2.1%

The Basic Materials is pretty flat in the last 7 days, but Ramco Cements has stood out, gaining 8.2%. As for the the longer term, the industry is up 5.8% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026₹10.7t₹4.5t₹239.4b28.3x44.6x2.4x
Sat, 03 Jan 2026₹10.5t₹4.4t₹261.8b30.3x40.1x2.4x
Mon, 01 Dec 2025₹10.2t₹4.4t₹261.8b31.2x39.1x2.3x
Wed, 29 Oct 2025₹10.8t₹4.3t₹227.6b33.6x47.3x2.5x
Fri, 26 Sep 2025₹10.9t₹4.3t₹212.6b34.9x51.2x2.5x
Sun, 24 Aug 2025₹11.1t₹4.3t₹226.0b33.2x49.1x2.6x
Tue, 22 Jul 2025₹11.0t₹4.1t₹201.3b44.9x54.4x2.7x
Thu, 19 Jun 2025₹10.1t₹4.1t₹201.8b41.6x50x2.5x
Sat, 17 May 2025₹10.5t₹4.0t₹199.4b37.8x52.4x2.6x
Mon, 14 Apr 2025₹9.9t₹4.0t₹201.9b31.6x49.1x2.5x
Wed, 12 Mar 2025₹9.1t₹4.0t₹202.2b31.2x44.9x2.3x
Fri, 07 Feb 2025₹9.7t₹3.9t₹209.0b32.2x46.5x2.5x
Sun, 05 Jan 2025₹9.9t₹3.9t₹203.2b37.3x48.8x2.5x
Tue, 03 Dec 2024₹10.1t₹3.9t₹203.1b38.6x49.5x2.6x
Thu, 31 Oct 2024₹9.9t₹3.9t₹222.6b33.8x44.5x2.5x
Sat, 28 Sep 2024₹10.4t₹3.9t₹239.4b32.2x43.6x2.7x
Mon, 26 Aug 2024₹10.1t₹3.9t₹239.3b33.8x42.3x2.6x
Wed, 24 Jul 2024₹10.5t₹3.9t₹249.5b33.8x42.3x2.7x
Fri, 21 Jun 2024₹10.0t₹3.9t₹248.5b33.2x40.4x2.6x
Sun, 19 May 2024₹9.4t₹3.9t₹241.8b30.9x38.8x2.4x
Tue, 16 Apr 2024₹8.9t₹3.8t₹234.5b31.3x37.8x2.3x
Thu, 14 Mar 2024₹8.6t₹3.8t₹234.4b28.3x36.6x2.2x
Sat, 10 Feb 2024₹9.2t₹3.8t₹232.7b35x39.5x2.4x
Mon, 08 Jan 2024₹9.0t₹3.8t₹216.9b37.9x41.6x2.4x
Wed, 06 Dec 2023₹8.7t₹3.8t₹216.9b35.8x39.9x2.3x
Fri, 03 Nov 2023₹7.7t₹3.7t₹205.0b32.5x37.6x2.1x
Sun, 01 Oct 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Tue, 29 Aug 2023₹7.5t₹3.7t₹184.0b31.3x40.6x2x
Thu, 27 Jul 2023₹7.5t₹3.6t₹186.4b33.4x40.3x2.1x
Sat, 24 Jun 2023₹7.4t₹3.6t₹185.8b28.8x39.7x2.1x
Mon, 22 May 2023₹7.1t₹3.5t₹209.7b25.5x33.7x2x
Wed, 19 Apr 2023₹7.0t₹3.4t₹210.3b23.2x33.1x2x
Fri, 17 Mar 2023₹6.6t₹3.4t₹210.0b23.3x31.3x1.9x
Sun, 12 Feb 2023₹6.7t₹3.4t₹204.8b23.1x32.8x2x
Price to Earnings Ratio

32.8x


Total Market Cap: ₹6.7tTotal Earnings: ₹204.8bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.4x202420252026
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 42.4x.
  • 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 5.4% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market2.05%
Materials0.20%
Basic Materials0.91%
Construction Materials0.91%
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
GRASIM Grasim Industries₹2.86k1.1%
+₹21.8b		14.6%PE45.3x
DALBHARAT Dalmia Bharat₹2.15k4.4%
+₹16.9b		15.3%PE34.1x
ULTRACEMCO UltraTech Cement₹12.77k0.4%
+₹16.5b		11.3%PE49x
532644 J.K. Cement₹5.73k3.5%
+₹15.0b		17.0%PE43.4x
RAMCOCEM Ramco Cements₹1.16k5.4%
+₹14.0b		30.5%PE73.7x

Latest News

532486
₹1,104.80
Pokarna
7D
47.2%
1Y
-16.7%
500380
₹745.00
JK Lakshmi Cement
7D
-5.3%
1Y
-12.1%
NUVOCO
₹349.55
Nuvoco Vistas
7D
-0.5%
1Y
-4.2%

NUVOCO: Convertible Debenture Placement Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Nuvoco Vistas from ₹446.71 to ₹434.35, reflecting slightly adjusted assumptions on revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on January 15, 2026, to consider unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing) Planned private placement of convertible debentures for gross proceeds of ₹6b on November 14, 2025 (company filing) Valuation Changes Fair Value Estimate trimmed from ₹446.71 to ₹434.35 per share, implying a small reduction in the assessed equity value.
532644
₹5,733.70
J.K. Cement
7D
3.5%
1Y
17.0%

532644: Capacity Expansion Plans Will Drive Future Upside

Analysts have trimmed their fair value estimate for J.K. Cement slightly to ₹6,599, reflecting marginal tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled on January 16, 2026 to consider expanding 1.00 MnTPA cement grinding capacity at JK Cement Works, Panna, and 1.00 MnTPA at JK Cement Works, Hamirpur (company filing).
ORIENTCEM
₹163.28
Orient Cement
7D
-1.2%
1Y
-52.1%

Integration And Premium Mix Challenges Will Eventually Support A Healthier Long Term Outlook

Catalysts About Orient Cement Orient Cement operates cement manufacturing assets that are proposed to be amalgamated into the wider Ambuja Cements and Adani Cement platform. What are the underlying business or industry changes driving this perspective?
500425
₹533.05
Ambuja Cements
7D
-0.6%
1Y
3.7%
500338
₹122.55
Prism Johnson
7D
-0.5%
1Y
-10.7%
GRASIM
₹2,863.90
Grasim Industries
7D
1.1%
1Y
14.6%
ACC
₹1,676.20
ACC
7D
-0.1%
1Y
-15.9%
VISHNUINFR
₹182.40
Vishnusurya Projects and Infra
7D
-10.1%
1Y
-20.7%
JSWCEMENT
₹123.52
JSW Cement
7D
6.1%
1Y
n/a
DALBHARAT
₹2,153.60
Dalmia Bharat
7D
4.4%
1Y
15.3%

DALBHARAT: Future Returns Will Likely Disappoint Despite Upcoming Results And Fair Value Revisions

Analysts have raised their fair value estimate for Dalmia Bharat from ₹1,842.00 to ₹1,960.80, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E as the key drivers of the revised price target. What's in the News Dalmia Bharat has scheduled a board meeting on January 21, 2026, at 13:40 Indian Standard Time to review and approve the unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (company filing).
ULTRACEMCO
₹12,773.00
UltraTech Cement
7D
0.4%
1Y
11.3%

ULTRACEMCO: Expanded Capacity And Contested GST Demands Will Shape Bullish Outlook

Analysts have adjusted their price target for UltraTech Cement from ₹13,784.90 to ₹13,965.85, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News UltraTech Cement commissioned additional cement capacity of 1.8 mtpa across Dhule in Maharashtra and Nathdwara in Rajasthan, taking total domestic grey cement capacity to 188.66 mtpa and global capacity to 194.06 mtpa, including 5.4 mtpa overseas (Key Developments).
RAMCOCEM
₹1,161.40
Ramco Cements
7D
5.4%
1Y
30.5%
502090
₹189.45
Sagar Cements
7D
-2.5%
1Y
-10.0%
MIDWESTLTD
₹1,529.40
Midwest
7D
13.5%
1Y
n/a