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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies64
  • 7D-3.7%
  • 3M0.3%
  • 1Y-7.7%
  • YTD-9.2%

Over the last 7 days, the Basic Materials industry has dropped 3.7%, driven by a pullback from UltraTech Cement of 5.0%. However, the industry is down 7.7% over the past year. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026₹9.5t₹4.7t₹267.1b29.7x35.5x2x
Wed, 06 May 2026₹9.8t₹4.7t₹261.7b25x37.6x2.1x
Fri, 03 Apr 2026₹9.0t₹4.6t₹251.5b23.6x35.7x2x
Sun, 01 Mar 2026₹10.4t₹4.6t₹247.6b24.8x41.9x2.2x
Tue, 27 Jan 2026₹10.3t₹4.5t₹265.7b26.8x38.9x2.3x
Thu, 25 Dec 2025₹10.4t₹4.4t₹261.8b30.6x39.5x2.3x
Sat, 22 Nov 2025₹10.3t₹4.4t₹261.6b30.5x39.3x2.3x
Mon, 20 Oct 2025₹10.9t₹4.3t₹224.6b34.2x48.3x2.5x
Wed, 17 Sep 2025₹11.1t₹4.3t₹212.6b33.5x52.1x2.6x
Fri, 15 Aug 2025₹11.0t₹4.3t₹225.7b31.4x48.6x2.6x
Sun, 13 Jul 2025₹10.8t₹4.1t₹201.8b44.6x53.5x2.6x
Tue, 10 Jun 2025₹10.1t₹4.1t₹202.0b41.7x50x2.5x
Thu, 08 May 2025₹10.0t₹4.0t₹199.4b35.2x50.2x2.5x
Sat, 05 Apr 2025₹9.9t₹4.0t₹202.2b31x48.8x2.5x
Mon, 03 Mar 2025₹8.8t₹4.0t₹202.2b30x43.4x2.2x
Wed, 29 Jan 2025₹9.5t₹3.9t₹202.8b35.5x47x2.4x
Fri, 27 Dec 2024₹9.8t₹3.9t₹203.2b37.4x48.2x2.5x
Sun, 24 Nov 2024₹9.6t₹3.9t₹203.1b37.8x47.2x2.4x
Tue, 22 Oct 2024₹9.8t₹3.9t₹239.4b32.1x40.8x2.5x
Thu, 19 Sep 2024₹10.2t₹3.9t₹239.4b31.1x42.7x2.6x
Sat, 17 Aug 2024₹10.0t₹3.9t₹239.3b31.1x41.6x2.5x
Mon, 15 Jul 2024₹10.6t₹3.9t₹248.6b33.7x42.4x2.7x
Wed, 12 Jun 2024₹9.9t₹3.9t₹248.5b30.6x39.7x2.5x
Fri, 10 May 2024₹9.0t₹3.8t₹251.5b30.3x35.7x2.3x
Sun, 07 Apr 2024₹9.1t₹3.8t₹234.5b31.6x38.8x2.4x
Tue, 05 Mar 2024₹9.2t₹3.8t₹234.5b33.4x39.2x2.4x
Thu, 01 Feb 2024₹9.3t₹3.8t₹232.7b38.4x39.8x2.4x
Sat, 30 Dec 2023₹9.1t₹3.8t₹216.9b36.5x42.1x2.4x
Mon, 27 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Wed, 25 Oct 2023₹7.6t₹3.7t₹191.3b32.4x39.9x2.1x
Fri, 22 Sep 2023₹7.7t₹3.7t₹185.2b30.2x41.7x2.1x
Sun, 20 Aug 2023₹7.5t₹3.7t₹184.0b31.6x40.5x2x
Tue, 18 Jul 2023₹7.4t₹3.6t₹186.0b30.8x39.8x2.1x
Thu, 15 Jun 2023₹7.7t₹3.6t₹185.8b31.5x41.2x2.1x
Price to Earnings Ratio

41.2x


Total Market Cap: ₹7.7tTotal Earnings: ₹185.8bTotal Revenue: ₹3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 43x202420252026
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 35.5x which is lower than its 3-year average PE of 43.0x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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-0.83%
Materials-1.77%
Basic Materials-3.74%
Construction Materials-3.74%
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
534076 RHI Magnesita India₹400.059.5%
+₹7.2b		-10.7%PS2.1x
RAMCOCEM Ramco Cements₹880.701.1%
+₹2.2b		-12.4%PE29.8x
MONOLITH Monolithisch India₹641.1515.5%
+₹1.9b		n/aPE60.5x
500380 JK Lakshmi Cement₹599.502.0%
+₹1.5b		-26.5%PE18.1x
IFGLEXPOR IFGL Refractories₹194.7711.5%
+₹1.4b		-25.7%PE40.5x

Latest News

SHREECEM
₹24,085.00
Shree Cement
7D
-4.7%
1Y
-18.6%
Narrative Update • Jun 07

SHREECEM: Higher P/E Expectations And Dividends Will Shape Balanced Future Returns

Analysts have lifted their price target for Shree Cement from ₹21,386 to ₹22,392, citing updated assumptions on revenue growth, profit margins and future P/E that together support a higher fair value estimate, despite a slightly lower discount rate. What's in the News A board meeting is scheduled for May 6, 2026 to consider audited standalone and consolidated financial results for the quarter and year ending March 31, 2026, and to consider recommending a final dividend for FY 2025-26 on the equity shares of the company.
500425
₹417.35
Ambuja Cements
7D
-6.8%
1Y
-24.9%
Narrative Update • Jun 07

500425: Elevated P E Expectations Will Pressure Outcomes Of Upcoming Board Meeting

Analysts have modestly adjusted their fair value estimate for Ambuja Cements, with the price target moving from ₹367.85 to ₹366.83, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Ambuja Cements has scheduled a board meeting for May 4, 2026, at 11:00 Indian Standard Time to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
534076
₹400.05
RHI Magnesita India
7D
9.5%
1Y
-10.7%
500380
₹599.50
JK Lakshmi Cement
7D
2.0%
1Y
-26.5%
Narrative Update • Jun 06

500380: Upcoming Board Decisions On Solar Investment Will Support Constructive Outlook

Analysts have reduced the price target for JK Lakshmi Cement from ₹892.65 to ₹753.95 as they now apply slightly lower assumptions for revenue growth, profit margins and future P/E, partly offset by a modestly lower discount rate. What's in the News The board will meet on Jun 4, 2026 to consider and approve an investment of 26% in the equity of DynoSpark Private Limited and Elevate Solar Energy Private Limited for the purchase of solar power through the captive power route.
MONOLITH
₹641.15
Monolithisch India
7D
15.5%
1Y
n/a
ACC
₹1,329.80
ACC
7D
-5.0%
1Y
-30.2%
DALBHARAT
₹1,688.60
Dalmia Bharat
7D
-3.4%
1Y
-20.2%
Narrative Update • Jun 03

DALBHARAT: Upcoming Board Decisions Will Shape Earnings Outlook And Forward P/E

Analysts have slightly reduced their fair value estimate for Dalmia Bharat, adjusting the price target from about ₹1,860 to around ₹1,852 as they incorporate updated assumptions for revenue growth, profit margins and future P/E into their models. What's in the News A board meeting is scheduled for April 28, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend on equity shares for the financial year ended March 31, 2026.
532486
₹823.60
Pokarna
7D
2.5%
1Y
-23.9%
GRASIM
₹3,087.70
Grasim Industries
7D
-1.1%
1Y
19.9%
Narrative Update • Jun 01

GRASIM: Upcoming Dividend Decision And Improved Margins Will Support Earnings Resilience

Analysts have lifted their fair value estimate for Grasim Industries from about ₹3,366 to roughly ₹3,497, citing updated assumptions around revenue declines, profit margins and a lower projected future P/E multiple. What's in the News A board meeting is scheduled for 20 May 2026 at 12:15 Indian Standard Time to review and approve the standalone and consolidated audited financial results for the quarter and year ended 31 March 2026.
ULTRACEMCO
₹10,912.00
UltraTech Cement
7D
-5.0%
1Y
-3.0%
IFGLEXPOR
₹194.77
IFGL Refractories
7D
11.5%
1Y
-25.7%
532644
₹4,950.30
J.K. Cement
7D
-4.3%
1Y
-15.8%
RAMCOIND
₹307.25
Ramco Industries
7D
4.7%
1Y
16.8%
RAMCOCEM
₹880.70
Ramco Cements
7D
1.1%
1Y
-12.4%
Analysis Article • May 30

Ramco Cements' (NSE:RAMCOCEM) Promising Earnings May Rest On Soft Foundations

The Ramco Cements Limited ( NSE:RAMCOCEM ) announced strong profits, but the stock was stagnant. Our analysis suggests...
NUVOCO
₹319.15
Nuvoco Vistas
7D
-8.5%
1Y
-11.9%
Narrative Update • May 25

NUVOCO: Planned Gujarat Terminal And Renewable Investment Will Support Future Upside Potential

Analysts have revised their price target on Nuvoco Vistas from about ₹434 to roughly ₹399, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for April 14, 2026 at 17:30 IST to consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026 (company filing).
532323
₹18.59
Shiva Cement
7D
11.1%
1Y
-38.4%