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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.4%
  • 3M-9.0%
  • 1Y-3.5%
  • YTD1.0%

Over the last 7 days, the Basic Materials industry has dropped 1.4%, driven by declines in UltraTech Cement and Ambuja Cements of 1.0% and 2.6%, respectively. On the other hand India Cements is actually up 7.2%. However, the industry is down 3.5% over the past year. Looking forward, 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
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
Wed, 18 Jan 2023₹7.2t₹3.3t₹213.6b23.7x33.9x2.2x
Fri, 16 Dec 2022₹7.4t₹3.3t₹213.8b25.4x34.7x2.2x
Price to Earnings Ratio

34.7x


Total Market Cap: ₹7.4tTotal Earnings: ₹213.8bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42x202320242025
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 38.5x which is lower than its 3-year average PE of 42.0x.
  • 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-2.27%
Materials-2.26%
Basic Materials-1.43%
Construction Materials-1.43%
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
INDIACEM India Cements₹408.006.5%
+₹7.8b		18.6%PE392.4x
GRASIM Grasim Industries₹2.75k0.4%
+₹7.5b		3.4%PE43.4x
MIDWESTLTD Midwest₹1.42k8.9%
+₹4.2b		n/aPE45.8x
500380 JK Lakshmi Cement₹783.203.3%
+₹3.1b		-8.4%PE20.2x
JSWCEMENT JSW Cement₹112.291.2%
+₹1.8b		n/aPS2.4x

Latest News

NUVOCO
₹342.15
Nuvoco Vistas
7D
-5.3%
1Y
-7.1%

Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable

Dec 09
Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable
RAMCOCEM
₹999.50
Ramco Cements
7D
-2.2%
1Y
-1.4%

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
500425
₹533.00
Ambuja Cements
7D
-1.8%
1Y
-7.1%
532644
₹5,556.20
J.K. Cement
7D
-4.0%
1Y
20.7%

532644: Index Inclusion Will Drive Future Upside

Analysts have nudged their fair value estimate for J.K. Cement slightly higher to approximately ₹6,619 from about ₹6,610, citing marginally stronger long term revenue growth assumptions that more than offset a modest increase in the discount rate and a slightly lower projected profit margin. What's in the News J.K. Cement has scheduled a special and extraordinary shareholders meeting on December 10, 2025, to be conducted via postal ballot in India (company announcement).
502157
₹759.30
Mangalam Cement
7D
2.8%
1Y
-17.8%
GRASIM
₹2,746.00
Grasim Industries
7D
0.4%
1Y
3.4%

GRASIM: Renewable Energy SPV Acquisitions Will Secure Long Term Green Power

Analysts have nudged up their price target on Grasim Industries slightly, citing modest adjustments to the discount rate and future P/E assumptions that leave their fair value estimate steady at ₹3,293.09 per share while reinforcing confidence in the company’s long term earnings profile. What's in the News Board meeting scheduled for November 5, 2025 at 12:00 IST to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider changes in senior management personnel, signaling potential realignment of leadership roles (company filing) Proposal to acquire a 26 percent equity stake in multiple renewable energy SPVs formed or to be formed as captive power users for the Vilayat plant in Gujarat, Balabhadrapuram plant in Andhra Pradesh, and Ganjam plant in Odisha (company filing) Renewable energy SPV investments aimed at securing long term green power for key manufacturing locations, with the potential to reduce energy costs and carbon footprint over time (company filing) Valuation Changes Fair Value Estimate remains unchanged at ₹3,293.09 per share, indicating no revision to the analysts' central valuation outcome.
INDIACEM
₹408.00
India Cements
7D
6.5%
1Y
18.6%
ULTRACEMCO
₹11,414.00
UltraTech Cement
7D
-2.2%
1Y
-2.8%
SHREECEM
₹26,100.00
Shree Cement
7D
-1.7%
1Y
-3.8%

SHREECEM: Interim Dividend Declaration Will Drive Stronger Upside Momentum Ahead

Shree Cement's analyst price target has been revised slightly downward from ₹30,654 to ₹30,458, as analysts adjust their models to reflect a modest decrease in projected profit margins and a small increase in discount rate assumptions. What's in the News The board meeting was held on October 28, 2025, to review and approve unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025.
MIDWESTLTD
₹1,422.10
Midwest
7D
8.9%
1Y
n/a
ACC
₹1,785.00
ACC
7D
-3.6%
1Y
-20.6%

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

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
JSWCEMENT
₹112.29
JSW Cement
7D
1.2%
1Y
n/a

JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt

Nov 19
JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt
502137
₹760.80
Deccan Cements
7D
3.1%
1Y
17.5%
530977
₹190.10
Shri Keshav Cements and Infra
7D
10.8%
1Y
-1.4%
500335
₹1,045.80
Birla
7D
-6.4%
1Y
-18.9%
500380
₹783.20
JK Lakshmi Cement
7D
3.3%
1Y
-8.4%