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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies67
  • 7D-0.05%
  • 3M-4.1%
  • 1Y6.2%
  • YTD-0.06%

In the last week, the Basic Materials industry is up 2.2%, with UltraTech Cement up 1.4%. In the last 12 months, the industry was up 6.6%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026₹10.5t₹4.4t₹261.8b29.9x39.9x2.4x
Sun, 07 Dec 2025₹10.1t₹4.4t₹261.8b30.4x38.7x2.3x
Tue, 04 Nov 2025₹10.7t₹4.4t₹240.9b33.9x44.6x2.5x
Thu, 02 Oct 2025₹10.8t₹4.3t₹212.6b33.3x50.6x2.5x
Sat, 30 Aug 2025₹11.0t₹4.3t₹226.0b32.2x48.7x2.6x
Mon, 28 Jul 2025₹10.8t₹4.1t₹213.2b42.7x50.6x2.6x
Wed, 25 Jun 2025₹10.2t₹4.1t₹201.8b41x50.5x2.5x
Fri, 23 May 2025₹10.3t₹4.0t₹199.6b37.9x51.6x2.6x
Sun, 20 Apr 2025₹10.3t₹4.0t₹201.9b32.4x50.8x2.6x
Tue, 18 Mar 2025₹9.1t₹4.0t₹202.2b30.7x44.8x2.3x
Thu, 13 Feb 2025₹9.6t₹4.0t₹203.7b33x46.9x2.4x
Sat, 11 Jan 2025₹9.3t₹3.9t₹203.2b36.1x45.9x2.4x
Mon, 09 Dec 2024₹10.2t₹3.9t₹203.2b39.9x50.4x2.6x
Wed, 06 Nov 2024₹9.8t₹3.9t₹222.6b33x44.2x2.5x
Fri, 04 Oct 2024₹10.3t₹3.9t₹239.4b31.7x43.2x2.6x
Sun, 01 Sep 2024₹10.1t₹3.9t₹239.3b31.5x42.1x2.6x
Tue, 30 Jul 2024₹10.6t₹3.9t₹249.1b34.1x42.6x2.7x
Thu, 27 Jun 2024₹10.0t₹3.9t₹248.6b30.8x40.1x2.6x
Sat, 25 May 2024₹9.5t₹3.9t₹243.3b31.7x39.1x2.4x
Mon, 22 Apr 2024₹9.1t₹3.8t₹234.5b33.1x38.9x2.4x
Wed, 20 Mar 2024₹8.6t₹3.8t₹234.4b29.2x36.9x2.2x
Fri, 16 Feb 2024₹9.0t₹3.8t₹234.4b32.1x38.3x2.3x
Sun, 14 Jan 2024₹8.9t₹3.8t₹216.9b38.6x41.1x2.4x
Tue, 12 Dec 2023₹8.8t₹3.8t₹216.9b36.7x40.5x2.3x
Thu, 09 Nov 2023₹7.9t₹3.7t₹209.7b32.8x37.7x2.1x
Sat, 07 Oct 2023₹7.7t₹3.7t₹185.2b30.8x41.7x2.1x
Mon, 04 Sep 2023₹7.6t₹3.7t₹184.0b33.1x41.3x2.1x
Wed, 02 Aug 2023₹7.6t₹3.6t₹191.0b33.3x39.6x2.1x
Fri, 30 Jun 2023₹7.4t₹3.6t₹185.8b28.2x40.1x2.1x
Sun, 28 May 2023₹7.1t₹3.6t₹195.4b23.9x36.5x2x
Tue, 25 Apr 2023₹6.8t₹3.5t₹208.7b24.6x32.7x2x
Thu, 23 Mar 2023₹6.7t₹3.4t₹210.3b23.4x32x2x
Sat, 18 Feb 2023₹6.8t₹3.4t₹210.0b24.5x32.2x2x
Mon, 16 Jan 2023₹7.2t₹3.3t₹213.8b23.5x33.7x2.2x
Price to Earnings Ratio

33.7x


Total Market Cap: ₹7.2tTotal Earnings: ₹213.8bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.2x202420252026
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 42.2x.
  • 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 7.0% per year over the last three years.
  • Revenues for these companies have grown 10.0% 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-0.99%
Materials-0.97%
Basic Materials-0.051%
Construction Materials-0.051%
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₹12.06k1.4%
+₹48.0b		7.1%PE48.6x
532644 J.K. Cement₹5.96k8.3%
+₹35.4b		25.7%PE44.5x
INDIACEM India Cements₹476.209.2%
+₹12.4b		26.4%PE458x
RAMCOCEM Ramco Cements₹1.08k2.3%
+₹5.7b		15.8%PE68.7x
534076 RHI Magnesita India₹463.202.0%
+₹1.9b		-7.5%PE60.8x

Latest News

500425
₹546.95
Ambuja Cements
7D
-2.3%
1Y
4.1%

500425: CFO Transition And Related Party Dealings Will Support Bullish Outlook

Narrative Update: Ambuja Cements Analysts have trimmed their price target on Ambuja Cements from ₹822.42 to ₹810.00, reflecting updated assumptions for a higher discount rate, more moderate revenue growth, slightly stronger profit margins, and a marginally higher future P/E multiple. What's in the News Planned CFO transition, with current Chief Financial Officer Rakesh Tiwary set to step down from his role at the close of business on November 21, 2025, to move to a new position within the Adani Group, and Rohit Soni appointed to take over as CFO from November 22, 2025 (company board decision).
532644
₹5,955.55
J.K. Cement
7D
8.3%
1Y
25.7%

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

Analysts have raised their fair value estimate for J.K. Cement from ₹4,623.35 to about ₹5,207.38, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as the key drivers of this change. What's in the News A board meeting is scheduled for January 17, 2026, to consider and approve unaudited financial results for the third quarter and nine months ended December 31, 2025.
ESPRIT
₹83.30
Esprit Stones
7D
54.3%
1Y
-41.0%
BIRLANU
₹1,810.10
BirlaNu
7D
6.8%
1Y
-26.0%

BirlaNu (NSE:BIRLANU) Has Debt But No Earnings; Should You Worry?

Jan 02
BirlaNu (NSE:BIRLANU) Has Debt But No Earnings; Should You Worry?
DALBHARAT
₹2,066.20
Dalmia Bharat
7D
-3.3%
1Y
14.6%

Earnings Not Telling The Story For Dalmia Bharat Limited (NSE:DALBHARAT)

Jan 02
Earnings Not Telling The Story For Dalmia Bharat Limited (NSE:DALBHARAT)
500380
₹755.80
JK Lakshmi Cement
7D
-4.7%
1Y
-6.1%

500380: Earnings Multiple Expansion Will Likely Drive Upside Despite Margin Concerns

Analysts have trimmed their price target on JK Lakshmi Cement from Rs 1,300 to about Rs 1,251, as higher discount rate assumptions and softer profit margin expectations more than offset a modest upgrade to long term revenue growth and valuation multiples. What's in the News A board meeting is scheduled for November 6, 2025, to review and approve the unaudited financial results for the quarter ended September 30, 2025 (company filing).
GRASIM
₹2,792.00
Grasim Industries
7D
-2.1%
1Y
15.8%
500338
₹133.95
Prism Johnson
7D
-3.5%
1Y
-14.6%
ULTRACEMCO
₹12,064.00
UltraTech Cement
7D
1.4%
1Y
7.1%

Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?

Dec 13
Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?
INDIACEM
₹476.20
India Cements
7D
9.2%
1Y
26.4%
RAMCOCEM
₹1,082.50
Ramco Cements
7D
2.3%
1Y
15.8%

We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease

Dec 09
We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease
ACC
₹1,723.40
ACC
7D
-1.0%
1Y
-12.7%

ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
532486
₹782.20
Pokarna
7D
-7.0%
1Y
-43.8%
RAMCOIND
₹320.45
Ramco Industries
7D
3.0%
1Y
22.6%
534076
₹463.20
RHI Magnesita India
7D
2.0%
1Y
-7.5%
500335
₹1,057.70
Birla
7D
-4.8%
1Y
-13.9%