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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies67
  • 7D0.7%
  • 3M3.3%
  • 1Y9.6%
  • YTD2.9%

Over the last 7 days, the Basic Materials industry has risen 1.2%, driven by gains from UltraTech Cement of 2.0%. This takes the industry's 12 month performance to a gain of 10%. Looking forward, earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026₹10.8t₹4.6t₹247.4b27.5x43.5x2.3x
Sun, 11 Jan 2026₹10.3t₹4.4t₹261.8b29.6x39.5x2.3x
Tue, 09 Dec 2025₹10.1t₹4.4t₹261.8b29.9x38.5x2.3x
Thu, 06 Nov 2025₹10.6t₹4.4t₹254.1b33x41.7x2.4x
Sat, 04 Oct 2025₹10.7t₹4.3t₹212.6b33.7x50.5x2.5x
Mon, 01 Sep 2025₹11.0t₹4.3t₹226.0b32.2x48.7x2.6x
Wed, 30 Jul 2025₹10.8t₹4.1t₹213.4b42.4x50.6x2.6x
Fri, 27 Jun 2025₹10.5t₹4.1t₹201.8b41.5x52.2x2.6x
Sun, 25 May 2025₹10.3t₹4.1t₹197.3b39x52.4x2.5x
Tue, 22 Apr 2025₹10.3t₹4.0t₹201.9b33.4x51.1x2.6x
Thu, 20 Mar 2025₹9.3t₹4.0t₹202.2b30.5x46.2x2.4x
Sat, 15 Feb 2025₹9.4t₹4.0t₹202.4b33x46.4x2.4x
Mon, 13 Jan 2025₹9.3t₹3.9t₹203.2b36.1x45.9x2.4x
Wed, 11 Dec 2024₹10.2t₹3.9t₹203.2b39.1x50.1x2.6x
Fri, 08 Nov 2024₹9.7t₹3.9t₹222.6b33.7x43.7x2.5x
Sun, 06 Oct 2024₹10.2t₹3.9t₹239.4b30x42.6x2.6x
Tue, 03 Sep 2024₹10.1t₹3.9t₹239.3b31.6x42.3x2.6x
Thu, 01 Aug 2024₹10.6t₹3.9t₹249.0b33.5x42.6x2.7x
Sat, 29 Jun 2024₹10.4t₹3.9t₹248.6b32.3x42x2.7x
Mon, 27 May 2024₹9.5t₹3.9t₹243.6b31.9x39.1x2.4x
Wed, 24 Apr 2024₹9.3t₹3.8t₹234.5b33.3x39.8x2.4x
Fri, 22 Mar 2024₹8.8t₹3.8t₹234.4b29.2x37.5x2.3x
Sun, 18 Feb 2024₹9.1t₹3.8t₹234.4b34.1x38.8x2.4x
Tue, 16 Jan 2024₹9.0t₹3.8t₹216.9b38.5x41.3x2.4x
Thu, 14 Dec 2023₹8.8t₹3.8t₹216.9b37.2x40.8x2.3x
Sat, 11 Nov 2023₹7.9t₹3.7t₹214.5b32.4x36.7x2.1x
Mon, 09 Oct 2023₹7.7t₹3.7t₹185.2b30.8x41.7x2.1x
Wed, 06 Sep 2023₹7.8t₹3.7t₹184.0b33.1x42.5x2.1x
Fri, 04 Aug 2023₹7.6t₹3.6t₹192.6b34.1x39.3x2.1x
Sun, 02 Jul 2023₹7.4t₹3.6t₹185.8b28.2x39.9x2.1x
Tue, 30 May 2023₹7.2t₹3.6t₹194.6b24.7x37.1x2x
Thu, 27 Apr 2023₹6.8t₹3.5t₹208.7b24.5x32.8x2x
Sat, 25 Mar 2023₹6.7t₹3.4t₹210.3b21.3x31.9x1.9x
Mon, 20 Feb 2023₹6.8t₹3.4t₹210.0b24.5x32.2x2x
Price to Earnings Ratio

32.2x


Total Market Cap: ₹6.8tTotal Earnings: ₹210.0bTotal 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 5.6% 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 Market1.26%
Materials1.77%
Basic Materials0.74%
Construction Materials0.74%
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₹13.03k2.0%
+₹75.3b		12.8%PE50x
GRASIM Grasim Industries₹2.93k2.2%
+₹41.8b		17.5%PE44.1x
532644 J.K. Cement₹5.81k1.3%
+₹6.0b		21.3%PE44x
534076 RHI Magnesita India₹458.003.9%
+₹3.6b		7.0%PE60.1x
DALBHARAT Dalmia Bharat₹2.17k0.8%
+₹3.3b		20.7%PE34.3x

Latest News

GRASIM
₹2,925.50
Grasim Industries
7D
2.2%
1Y
17.5%
ULTRACEMCO
₹13,029.00
UltraTech Cement
7D
2.0%
1Y
12.8%

ULTRACEMCO: GST Disputes And New Capacity Will Guide Balanced Outlook

Analysts have slightly increased their price target on UltraTech Cement from ₹13,965.85 to ₹14,061.95, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E multiple in their valuation work. What's in the News Multiple GST enforcement orders issued to UltraTech Cement by authorities in Tamil Nadu for alleged excess Input Tax Credit (ITC) in FY 2021-22 and FY 2019-20, with combined tax demands of about ₹10.36m and ₹93.54m, along with associated interest and penalties.
DALBHARAT
₹2,171.20
Dalmia Bharat
7D
0.8%
1Y
20.7%

DALBHARAT: Upcoming Board Results Will Likely Disappoint Given Rich Earnings Multiple

Analysts have made a marginal upward revision to their fair value estimate for Dalmia Bharat to ₹1,961, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E multiples. 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 (Key Developments).
BIRLANU
₹1,803.80
BirlaNu
7D
13.9%
1Y
-3.6%

Estimating The Intrinsic Value Of BirlaNu Limited (NSE:BIRLANU)

Feb 11
Estimating The Intrinsic Value Of BirlaNu Limited (NSE:BIRLANU)
RAMCOCEM
₹1,145.00
Ramco Cements
7D
-1.4%
1Y
32.9%
500292
₹169.10
HeidelbergCement India
7D
-2.9%
1Y
-17.2%
500380
₹716.35
JK Lakshmi Cement
7D
-3.8%
1Y
-5.1%

500380: Upcoming Board Meeting Will Support Constructive Outlook On Earnings And Margins

Analysts have trimmed their price target on JK Lakshmi Cement from ₹995.00 to about ₹906.53, reflecting updated views on a slightly higher discount rate, revised revenue growth and profit margin assumptions, and a higher future P/E multiple. What's in the News Board meeting scheduled for Feb 3, 2026, to consider and approve unaudited financial results for the quarter ended Dec 31, 2025 (company filing).
SHREECEM
₹26,340.00
Shree Cement
7D
-3.3%
1Y
-6.7%

SHREECEM: Resolved Baloda Bazar Lockout Will Support Future Earnings Rebound

Analysts have trimmed their fair value estimate for Shree Cement to ₹35,697 from ₹38,433, reflecting updated views on its revenue growth assumptions, profit margins and expected future P/E multiple. What's in the News Management and workmen at the Baloda Bazar cement plant in Raipur, Chhattisgarh reached an amicable settlement, and the company withdrew the lockout effective 22 December 2025 at 11:00 PM (company filing).
540575
₹218.80
Star Cement
7D
-1.7%
1Y
7.4%

540575: Upcoming Earnings Review Will Reinforce Confidence In Long Term Prospects

Narrative Update on Star Cement Analysts have lifted their price target on Star Cement to ₹355.11, with the change largely tied to updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples in their models. What's in the News Board meeting scheduled for February 6, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).
MIDWESTLTD
₹1,474.50
Midwest
7D
-3.6%
1Y
n/a
JSWCEMENT
₹119.65
JSW Cement
7D
-3.1%
1Y
n/a

JSW Cement Limited (NSE:JSWCEMENT) Not Lagging Industry On Growth Or Pricing

Feb 06
JSW Cement Limited (NSE:JSWCEMENT) Not Lagging Industry On Growth Or Pricing
532644
₹5,811.00
J.K. Cement
7D
1.3%
1Y
21.3%

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).
534076
₹458.00
RHI Magnesita India
7D
3.9%
1Y
7.0%
INDIACEM
₹448.25
India Cements
7D
-0.9%
1Y
59.1%
KCP
₹182.54
KCP
7D
5.0%
1Y
-3.0%
502090
₹203.40
Sagar Cements
7D
7.4%
1Y
9.7%