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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies65
  • 7D-6.6%
  • 3M-2.4%
  • 1Y6.5%
  • YTD-5.2%

Over the last 7 days, the Basic Materials industry has dropped 6.6%, driven by a pullback from UltraTech Cement of 5.0%. Over the past 12 months, the industry was up 6.5%. Looking forward, 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
Thu, 05 Mar 2026₹9.9t₹4.6t₹247.6b24.4x40.1x2.2x
Sat, 31 Jan 2026₹10.5t₹4.5t₹258.8b27.1x40.5x2.3x
Mon, 29 Dec 2025₹10.4t₹4.4t₹261.8b30.4x39.7x2.3x
Wed, 26 Nov 2025₹10.2t₹4.4t₹261.6b31.2x38.9x2.3x
Fri, 24 Oct 2025₹10.8t₹4.3t₹225.8b35.5x47.9x2.5x
Sun, 21 Sep 2025₹11.2t₹4.3t₹212.6b34.5x52.5x2.6x
Tue, 19 Aug 2025₹11.3t₹4.3t₹225.7b33.3x50x2.6x
Thu, 17 Jul 2025₹10.8t₹4.1t₹201.8b45.6x53.7x2.6x
Sat, 14 Jun 2025₹10.1t₹4.1t₹201.8b41x50x2.5x
Mon, 12 May 2025₹9.8t₹4.0t₹200.1b33.3x49.1x2.4x
Wed, 09 Apr 2025₹9.8t₹4.0t₹202.2b31.3x48.3x2.5x
Fri, 07 Mar 2025₹9.1t₹4.0t₹202.2b31.3x45.2x2.3x
Sun, 02 Feb 2025₹9.7t₹3.9t₹209.7b32.6x46.2x2.5x
Tue, 31 Dec 2024₹9.7t₹3.9t₹203.2b36.7x47.6x2.5x
Thu, 28 Nov 2024₹9.7t₹3.9t₹203.1b39.7x47.5x2.5x
Sat, 26 Oct 2024₹9.6t₹3.9t₹228.7b31.6x42.2x2.5x
Mon, 23 Sep 2024₹10.2t₹3.9t₹239.4b31.7x42.8x2.6x
Wed, 21 Aug 2024₹10.0t₹3.9t₹239.3b31.2x41.7x2.6x
Fri, 19 Jul 2024₹10.6t₹3.9t₹248.4b33.7x42.6x2.7x
Sun, 16 Jun 2024₹10.2t₹3.9t₹248.5b30.9x40.9x2.6x
Tue, 14 May 2024₹9.1t₹3.8t₹251.5b32.1x36.1x2.4x
Thu, 11 Apr 2024₹9.1t₹3.8t₹234.5b30.7x38.9x2.4x
Sat, 09 Mar 2024₹8.9t₹3.8t₹234.4b31.6x38.1x2.3x
Mon, 05 Feb 2024₹9.2t₹3.8t₹240.1b36.5x38.4x2.4x
Wed, 03 Jan 2024₹9.0t₹3.8t₹216.9b37.5x41.7x2.4x
Fri, 01 Dec 2023₹8.2t₹3.8t₹216.9b33.9x37.8x2.2x
Sun, 29 Oct 2023₹7.6t₹3.7t₹196.8b30.8x38.4x2x
Tue, 26 Sep 2023₹7.7t₹3.7t₹185.2b30x41.6x2.1x
Thu, 24 Aug 2023₹7.5t₹3.7t₹184.0b32.3x40.7x2x
Sat, 22 Jul 2023₹7.3t₹3.6t₹185.4b34.1x39.3x2x
Mon, 19 Jun 2023₹7.7t₹3.6t₹185.8b31.5x41.2x2.1x
Wed, 17 May 2023₹7.1t₹3.5t₹210.6b24.6x33.6x2x
Fri, 14 Apr 2023₹7.0t₹3.4t₹210.3b23.2x33.3x2x
Sun, 12 Mar 2023₹6.7t₹3.4t₹210.0b24.4x32x2x
Price to Earnings Ratio

32x


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-4.38%
Materials-4.85%
Basic Materials-6.62%
Construction Materials-6.62%
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
BIGBLOC Bigbloc Construction₹51.942.5%
+₹178.4m		-21.8%PS2.8x
518011 Keerthi Industries₹59.497.7%
+₹33.9m		-17.9%PS0.4x
514171 Ceeta Industries₹46.483.8%
+₹24.9m		10.7%PE179.6x
SPRL SP Refractories₹117.0510.0%
+₹19.0m		-3.0%PE6.3x
526315 Divyashakti₹50.273.1%
+₹15.5m		-26.1%PE35.7x

Latest News

ULTRACEMCO
₹12,288.00
UltraTech Cement
7D
-5.0%
1Y
17.1%
532644
₹5,515.15
J.K. Cement
7D
-3.8%
1Y
22.4%
ACC
₹1,523.60
ACC
7D
-5.5%
1Y
-18.5%

ACC: Upcoming Results And Board Changes Will Support Bullish Repricing

Narrative Update on ACC Analysts have trimmed their fair value estimate for ACC slightly, with the intrinsic value moving from ₹2,005.24 to ₹2,004.47. This reflects small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E expectations.
DALBHARAT
₹1,928.70
Dalmia Bharat
7D
-6.4%
1Y
12.5%

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
₹2,724.10
Grasim Industries
7D
-4.9%
1Y
13.8%

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
₹648.65
JK Lakshmi Cement
7D
-10.9%
1Y
-10.1%

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
₹25,200.00
Shree Cement
7D
-5.8%
1Y
-10.2%

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.
500425
₹480.05
Ambuja Cements
7D
-6.3%
1Y
-3.8%

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).
518011
₹59.49
Keerthi Industries
7D
7.7%
1Y
-17.9%
514171
₹46.48
Ceeta Industries
7D
3.8%
1Y
10.7%
526315
₹50.27
Divyashakti
7D
3.1%
1Y
-26.1%
526095
₹40.10
Ravileela Granites
7D
1.8%
1Y
14.3%
SPRL
₹117.05
SP Refractories
7D
10.0%
1Y
-3.0%
531168
₹200.00
Associated Ceramics
7D
2.7%
1Y
-13.4%
502294
₹33.25
Nilachal Refractories
7D
0.6%
1Y
-23.3%
BIGBLOC
₹51.94
Bigbloc Construction
7D
2.5%
1Y
-21.8%

Capital Allocation Trends At Bigbloc Construction (NSE:BIGBLOC) Aren't Ideal

Jan 22
Capital Allocation Trends At Bigbloc Construction (NSE:BIGBLOC) Aren't Ideal