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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies65
  • 7D-5.0%
  • 3M-2.3%
  • 1Y4.7%
  • YTD-5.9%

Over the last 7 days, the Basic Materials industry has dropped 5.0%, driven by a pullback from UltraTech Cement of 4.3%. This takes the industry's 12 month performance to a gain of 4.7%. 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
Mon, 09 Mar 2026₹9.8t₹4.6t₹247.6b25.3x39.8x2.1x
Wed, 04 Feb 2026₹10.5t₹4.5t₹239.5b28.1x43.9x2.3x
Fri, 02 Jan 2026₹10.5t₹4.4t₹261.8b30.2x39.9x2.4x
Sun, 30 Nov 2025₹10.2t₹4.4t₹261.8b31.2x39.1x2.3x
Tue, 28 Oct 2025₹10.8t₹4.3t₹227.6b33.9x47.4x2.5x
Thu, 25 Sep 2025₹11.0t₹4.3t₹212.6b35x51.5x2.6x
Sat, 23 Aug 2025₹11.1t₹4.3t₹226.0b33.2x49.1x2.6x
Mon, 21 Jul 2025₹10.9t₹4.1t₹201.8b44.9x53.8x2.6x
Wed, 18 Jun 2025₹10.1t₹4.1t₹201.8b41.4x50.3x2.5x
Fri, 16 May 2025₹10.4t₹4.0t₹197.9b37.2x52.6x2.6x
Sun, 13 Apr 2025₹9.9t₹4.0t₹202.2b31.6x49x2.5x
Tue, 11 Mar 2025₹9.1t₹4.0t₹202.2b31.5x44.9x2.3x
Thu, 06 Feb 2025₹9.8t₹3.9t₹209.0b33.9x46.8x2.5x
Sat, 04 Jan 2025₹9.9t₹3.9t₹203.2b37.3x48.8x2.5x
Mon, 02 Dec 2024₹9.8t₹3.9t₹203.1b38.6x48.1x2.5x
Wed, 30 Oct 2024₹9.9t₹3.9t₹226.1b32.9x43.6x2.5x
Fri, 27 Sep 2024₹10.4t₹3.9t₹239.4b32.4x43.6x2.7x
Sun, 25 Aug 2024₹10.1t₹3.9t₹239.3b33.8x42.3x2.6x
Tue, 23 Jul 2024₹10.5t₹3.9t₹249.5b33.2x42.1x2.7x
Thu, 20 Jun 2024₹10.0t₹3.9t₹248.5b33.1x40.3x2.6x
Sat, 18 May 2024₹9.4t₹3.9t₹241.9b30.9x38.8x2.4x
Mon, 15 Apr 2024₹9.0t₹3.8t₹234.5b30.2x38.3x2.3x
Wed, 13 Mar 2024₹8.8t₹3.8t₹234.4b30x37.5x2.3x
Fri, 09 Feb 2024₹9.1t₹3.8t₹242.3b35x37.4x2.4x
Sun, 07 Jan 2024₹9.0t₹3.8t₹216.9b37.9x41.6x2.4x
Tue, 05 Dec 2023₹8.5t₹3.8t₹216.9b34.2x39.3x2.3x
Thu, 02 Nov 2023₹7.6t₹3.7t₹198.1b32.7x38.3x2x
Sat, 30 Sep 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Mon, 28 Aug 2023₹7.4t₹3.7t₹184.0b31.3x40.3x2x
Wed, 26 Jul 2023₹7.5t₹3.6t₹186.4b33.5x40.1x2.1x
Fri, 23 Jun 2023₹7.6t₹3.6t₹185.8b28.8x40.8x2.1x
Sun, 21 May 2023₹7.1t₹3.5t₹209.7b25.5x33.7x2x
Tue, 18 Apr 2023₹7.1t₹3.4t₹210.3b23.6x33.6x2x
Thu, 16 Mar 2023₹6.5t₹3.4t₹210.0b23.9x31.2x1.9x
Price to Earnings Ratio

31.2x


Total Market Cap: ₹6.5tTotal Earnings: ₹210.0bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.7x202420252026
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 42.7x.
  • 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-3.02%
Materials-3.00%
Basic Materials-5.03%
Construction Materials-5.03%
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
531168 Associated Ceramics₹199.859.5%
+₹35.5m		-20.4%n/a
532141 Andhra Cements₹53.090.5%
+₹25.8m		-12.2%PS1.3x
514171 Ceeta Industries₹46.001.9%
+₹12.2m		3.4%PE177.7x
523483 Pacific Industries₹135.001.3%
+₹12.1m		-35.4%PE23.7x
SPRL SP Refractories₹117.055.0%
+₹9.9m		-11.7%PE6.3x

Latest News

SHREECEM
₹23,590.00
Shree Cement
7D
-9.7%
1Y
-15.4%

SHREECEM: Plant Lockout Resolution And Modest Multiple Reset Will Shape Returns

Analysts have trimmed their fair value estimate for Shree Cement slightly from about ₹22,748 to roughly ₹22,718, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Management declared a lockout at the Baloda Bazar cement plant in Raipur, Chhattisgarh, effective 18 December 2025, citing non co operation from workmen.
500425
₹451.65
Ambuja Cements
7D
-7.7%
1Y
-7.6%

500425: Board Changes And Refined Assumptions Will Shape Balanced Outlook

Analysts have trimmed their price target on Ambuja Cements from about ₹504 to about ₹461, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E levels. What's in the News A board meeting is scheduled for Jan 30, 2026, at 13:00 Indian Standard Time to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
532644
₹5,056.50
J.K. Cement
7D
-9.9%
1Y
14.9%

532644: Upcoming Capacity Expansion Will Support Future Upside

Analysts have inched up their fair value estimate for J.K. Cement to about ₹6,607 from roughly ₹6,599, reflecting small tweaks to assumptions on discount rate, revenue growth, profit margins, and future P/E. What's in the News A board meeting is scheduled on Jan 16, 2026 to consider the expansion of 1.00 MnTPA cement grinding capacity at JK Cement Works, Panna, and 1.00 MnTPA at JK Cement Works, Hamirpur (company filing).
523483
₹135.00
Pacific Industries
7D
1.3%
1Y
-35.4%
ULTRACEMCO
₹11,378.00
UltraTech Cement
7D
-9.1%
1Y
8.2%
ACC
₹1,450.50
ACC
7D
-6.6%
1Y
-22.0%

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
₹1,840.20
Dalmia Bharat
7D
-6.1%
1Y
9.9%

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
₹2,681.20
Grasim Industries
7D
-3.5%
1Y
12.5%

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).
541634
₹15.97
Raw Edge Industrial Solutions
7D
0.4%
1Y
-42.8%
500059
₹6.53
BIL Vyapar
7D
1.2%
1Y
-40.6%
514171
₹46.00
Ceeta Industries
7D
1.9%
1Y
3.4%
RAMCOCEM
₹1,025.40
Ramco Cements
7D
-6.8%
1Y
18.8%
531049
₹18.88
Neelkanth Rockminerals
7D
9.7%
1Y
24.6%
SPRL
₹117.05
SP Refractories
7D
5.0%
1Y
-11.7%
531168
₹199.85
Associated Ceramics
7D
9.5%
1Y
-20.4%
532141
₹53.09
Andhra Cements
7D
0.5%
1Y
-12.2%