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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies68
  • 7D-0.2%
  • 3M-4.7%
  • 1Y5.7%
  • YTD-1.2%

The Basic Materials is pretty flat in the last 7 days, but UltraTech Cement has stood out, gaining 4.4%. As for the the longer term, the industry is up 5.7% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026₹10.3t₹4.5t₹265.7b26.8x38.9x2.3x
Fri, 26 Dec 2025₹10.4t₹4.4t₹261.8b30.6x39.5x2.3x
Sun, 23 Nov 2025₹10.3t₹4.4t₹261.6b30.5x39.3x2.3x
Tue, 21 Oct 2025₹10.9t₹4.3t₹224.6b34.2x48.3x2.5x
Thu, 18 Sep 2025₹11.2t₹4.3t₹212.6b34.5x52.7x2.6x
Sat, 16 Aug 2025₹11.0t₹4.3t₹225.7b32.9x48.6x2.6x
Mon, 14 Jul 2025₹10.8t₹4.1t₹201.8b44.6x53.5x2.6x
Wed, 11 Jun 2025₹10.2t₹4.1t₹202.0b41.9x50.7x2.5x
Fri, 09 May 2025₹10.0t₹4.0t₹199.4b35x49.9x2.5x
Sun, 06 Apr 2025₹9.9t₹4.0t₹202.2b31x48.8x2.5x
Tue, 04 Mar 2025₹8.9t₹4.0t₹202.2b30.3x44.1x2.3x
Thu, 30 Jan 2025₹9.7t₹3.9t₹202.5b33.8x47.6x2.5x
Sat, 28 Dec 2024₹9.8t₹3.9t₹203.2b37.2x48x2.5x
Mon, 25 Nov 2024₹9.6t₹3.9t₹203.1b37.8x47.2x2.4x
Wed, 23 Oct 2024₹9.6t₹3.9t₹233.0b32.3x41.3x2.5x
Fri, 20 Sep 2024₹10.2t₹3.9t₹239.4b31.7x42.5x2.6x
Sun, 18 Aug 2024₹10.0t₹3.9t₹239.3b29.4x41.6x2.5x
Tue, 16 Jul 2024₹10.5t₹3.9t₹248.6b33.7x42.4x2.7x
Thu, 13 Jun 2024₹9.9t₹3.9t₹248.5b30.7x39.8x2.5x
Sat, 11 May 2024₹9.0t₹3.8t₹251.3b30.3x35.9x2.3x
Mon, 08 Apr 2024₹9.1t₹3.8t₹234.5b31.6x38.8x2.4x
Wed, 06 Mar 2024₹9.1t₹3.8t₹234.5b31.8x38.7x2.4x
Fri, 02 Feb 2024₹9.2t₹3.8t₹236.8b36.9x38.8x2.4x
Sun, 31 Dec 2023₹9.1t₹3.8t₹216.9b36.5x42.1x2.4x
Tue, 28 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Thu, 26 Oct 2023₹7.6t₹3.7t₹191.9b32.8x39.5x2x
Sat, 23 Sep 2023₹7.6t₹3.7t₹185.2b30.3x41.3x2.1x
Mon, 21 Aug 2023₹7.5t₹3.7t₹184.0b31.6x40.5x2x
Wed, 19 Jul 2023₹7.3t₹3.6t₹186.0b31.3x39.5x2.1x
Fri, 16 Jun 2023₹7.6t₹3.6t₹185.8b31.5x41.1x2.1x
Sun, 14 May 2023₹7.1t₹3.5t₹211.1b24.8x33.8x2x
Tue, 11 Apr 2023₹7.0t₹3.4t₹210.3b23.6x33.2x2x
Thu, 09 Mar 2023₹6.8t₹3.4t₹210.0b24.6x32.3x2x
Sat, 04 Feb 2023₹6.7t₹3.4t₹205.4b23.3x32.6x2x
Price to Earnings Ratio

32.6x


Total Market Cap: ₹6.7tTotal Earnings: ₹205.4bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Basic Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.9x which is lower than its 3-year average PE of 42.3x.
  • 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 8.8% 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-1.43%
Materials-0.71%
Basic Materials-0.18%
Construction Materials-0.18%
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
ULTRACEMCO UltraTech Cement₹12.59k4.4%
+₹155.9b		11.4%PE48.3x
GRASIM Grasim Industries₹2.86k5.3%
+₹96.8b		18.5%PE45.2x
RAMCOCEM Ramco Cements₹1.07k0.8%
+₹2.1b		18.1%PE68x
RAMCOIND Ramco Industries₹308.207.3%
+₹1.8b		28.6%PE11.6x
KCP KCP₹171.433.9%
+₹829.0m		-14.3%PE14.7x

Latest News

JSWCEMENT
₹113.04
JSW Cement
7D
-4.7%
1Y
n/a
500335
₹1,011.60
Birla
7D
-6.1%
1Y
-9.2%

500335: Upcoming Results And New Articles Will Create Long Term Entry Opportunity

Analysts have trimmed their fair value estimate for Birla from ₹1,508.08 to ₹1,487.31, as small changes in discount rate, revenue growth, profit margin and future P/E assumptions feed through to a slightly lower price target. What's in the News Board meeting scheduled on Jan 31, 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
ULTRACEMCO
₹12,589.00
UltraTech Cement
7D
4.4%
1Y
11.4%
GRASIM
₹2,856.20
Grasim Industries
7D
5.3%
1Y
18.5%

GRASIM: Renewable Energy SPVs Will Support Future Cost Efficiencies

Analysts have slightly raised their fair value estimate for Grasim Industries from ₹3,302 to about ₹3,318, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Board meeting on Jan 16, 2026, at 11:00 IST to approve the appointment of Mr. Sachin Sahay as Chief Executive Officer of Birla Opus Paints and as Senior Management Personnel of the company, effective Feb 16, 2026 (company filing).
500380
₹775.35
JK Lakshmi Cement
7D
-2.3%
1Y
-5.1%

500380: Future Earnings Multiple Expansion Will Likely Drive Upside As Board Review Approaches

Analysts have modestly raised their fair value estimate for JK Lakshmi Cement to ₹1,243 from about ₹1,243, reflecting slightly adjusted assumptions around revenue growth, profit margins and future P/E, while keeping the overall thesis broadly intact. What's in the News A board meeting is scheduled for November 6, 2025 to consider and approve the unaudited financial results for the quarter ended September 30, 2025 (company filing).
DALBHARAT
₹2,107.10
Dalmia Bharat
7D
-3.8%
1Y
16.2%

Dalmia Bharat Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jan 24
Dalmia Bharat Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
540575
₹212.30
Star Cement
7D
0.5%
1Y
1.4%

540575: Upcoming Earnings Review Will Support A Stronger Long Term Outlook

Analysts have made a small cut to their price target for Star Cement to reflect slightly higher discount rate assumptions and a modestly adjusted fair value estimate. They continue to factor in updated views on revenue growth, profit margins and future P/E expectations.
RAMCOCEM
₹1,071.30
Ramco Cements
7D
0.8%
1Y
18.1%
500425
₹531.05
Ambuja Cements
7D
-0.8%
1Y
-2.1%
532486
₹734.40
Pokarna
7D
2.6%
1Y
-29.4%
KCP
₹171.43
KCP
7D
3.9%
1Y
-14.3%
532644
₹5,482.55
J.K. Cement
7D
-6.9%
1Y
13.4%

532644: Higher Future P/E Assumptions Will Likely Cap Upside Potential

Analysts have increased their fair value estimate for J.K. Cement from ₹5,207.38 to ₹5,251.82. This change reflects updated assumptions on revenue growth, profit margins and a higher future P/E multiple.
VISHNUINFR
₹189.05
Vishnusurya Projects and Infra
7D
12.7%
1Y
-16.9%
500338
₹119.10
Prism Johnson
7D
-4.1%
1Y
-11.1%
RAMCOIND
₹308.20
Ramco Industries
7D
7.3%
1Y
28.6%
534076
₹410.60
RHI Magnesita India
7D
-5.3%
1Y
-11.4%