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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies67
  • 7D-1.5%
  • 3M-4.6%
  • 1Y8.0%
  • YTD-1.1%

Over the last 7 days, the Basic Materials industry has dropped 1.5%, driven by Ambuja Cements declining 5.0%. This takes the industry's 12 month performance to a gain of 8.0%. 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, 12 Jan 2026₹10.3t₹4.4t₹261.8b29.6x39.5x2.3x
Wed, 10 Dec 2025₹10.1t₹4.4t₹261.8b29.9x38.4x2.3x
Fri, 07 Nov 2025₹10.5t₹4.4t₹257.0b32.2x40.7x2.4x
Sun, 05 Oct 2025₹10.7t₹4.3t₹212.6b33.7x50.5x2.5x
Tue, 02 Sep 2025₹11.1t₹4.3t₹226.0b33x49.3x2.6x
Thu, 31 Jul 2025₹10.9t₹4.1t₹213.4b41.3x50.9x2.6x
Sat, 28 Jun 2025₹10.7t₹4.1t₹201.8b43.9x53.1x2.6x
Mon, 26 May 2025₹10.3t₹4.1t₹198.7b39x52.1x2.5x
Wed, 23 Apr 2025₹10.3t₹4.0t₹201.9b33.2x51.1x2.6x
Fri, 21 Mar 2025₹9.4t₹4.0t₹202.2b30.5x46.3x2.4x
Sun, 16 Feb 2025₹9.4t₹4.0t₹202.2b32.6x46.4x2.4x
Tue, 14 Jan 2025₹9.1t₹3.9t₹203.2b35.5x44.7x2.3x
Thu, 12 Dec 2024₹10.3t₹3.9t₹203.2b39.8x50.6x2.6x
Sat, 09 Nov 2024₹9.7t₹3.9t₹222.7b34.1x43.4x2.5x
Mon, 07 Oct 2024₹10.2t₹3.9t₹239.4b30x42.6x2.6x
Wed, 04 Sep 2024₹10.2t₹3.9t₹239.3b31.9x42.4x2.6x
Fri, 02 Aug 2024₹10.6t₹3.9t₹246.3b33.4x42.8x2.7x
Sun, 30 Jun 2024₹10.4t₹3.9t₹248.6b32.3x42x2.7x
Tue, 28 May 2024₹9.5t₹3.9t₹243.5b32.6x38.9x2.4x
Thu, 25 Apr 2024₹9.3t₹3.8t₹236.1b33.5x39.5x2.5x
Sat, 23 Mar 2024₹8.8t₹3.8t₹234.4b31x37.7x2.3x
Mon, 19 Feb 2024₹9.1t₹3.8t₹234.4b34.1x38.8x2.4x
Wed, 17 Jan 2024₹8.9t₹3.8t₹216.9b37.9x41.2x2.4x
Fri, 15 Dec 2023₹9.0t₹3.8t₹216.9b38x41.4x2.4x
Sun, 12 Nov 2023₹7.9t₹3.7t₹214.3b31.9x36.8x2.1x
Tue, 10 Oct 2023₹7.6t₹3.7t₹185.2b30.7x41.3x2.1x
Thu, 07 Sep 2023₹7.8t₹3.7t₹184.1b33.6x42.5x2.1x
Sat, 05 Aug 2023₹7.6t₹3.6t₹192.6b34.5x39.4x2.1x
Mon, 03 Jul 2023₹7.4t₹3.6t₹185.8b28.2x39.9x2.1x
Wed, 31 May 2023₹7.3t₹3.6t₹193.6b31.5x37.7x2x
Fri, 28 Apr 2023₹6.9t₹3.5t₹208.7b24.5x32.9x2x
Sun, 26 Mar 2023₹6.7t₹3.4t₹210.3b21.3x31.9x1.9x
Tue, 21 Feb 2023₹6.8t₹3.4t₹210.0b23.8x32.5x2x
Thu, 19 Jan 2023₹7.2t₹3.3t₹213.6b26.2x33.8x2.2x
Price to Earnings Ratio

33.8x


Total Market Cap: ₹7.2tTotal Earnings: ₹213.6bTotal 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-2.80%
Materials-2.50%
Basic Materials-1.54%
Construction Materials-1.54%
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₹12.10k0.09%
+₹3.2b		14.0%PE48.8x
INDIACEM India Cements₹467.852.3%
+₹3.2b		24.2%PE450x
RAMCOCEM Ramco Cements₹1.08k0.5%
+₹1.3b		22.9%PE68.8x
532323 Shiva Cement₹24.2810.2%
+₹660.8m		-38.4%PS2x
540652 Captain Technocast₹183.108.0%
+₹315.8m		-33.8%PE38.2x

Latest News

DALBHARAT
₹2,073.60
Dalmia Bharat
7D
-2.8%
1Y
21.8%

DALBHARAT: Future Returns Will Likely Disappoint Despite Higher Fair Value Estimate

Analysts now place Dalmia Bharat's fair value at ₹1,842, up from ₹1,818 previously, citing updated assumptions for revenue growth, profit margins and future P/E multiples. Valuation Changes Fair value was revised slightly higher from ₹1,818.45 to ₹1,842.00.
GRASIM
₹2,806.70
Grasim Industries
7D
-1.5%
1Y
22.7%

GRASIM: Renewable Energy Infusion And Captive SPVs Will Support Long Term Savings

Analysts have made a small trim to their fair value estimate for Grasim Industries to ₹3,302. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E, which results in a slightly lower price target than before.
500425
₹538.55
Ambuja Cements
7D
-5.7%
1Y
9.2%
500380
₹744.95
JK Lakshmi Cement
7D
-6.6%
1Y
-2.4%

500380: Future Earnings Multiple Expansion Will Likely Drive Upside Despite Margin Risks

Analysts have slightly trimmed their fair value estimate for JK Lakshmi Cement to ₹1,242.77 from ₹1,250.60, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E. 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).
ACC
₹1,706.70
ACC
7D
-3.7%
1Y
-8.2%
SHREECEM
₹27,165.00
Shree Cement
7D
-1.7%
1Y
9.2%

SHREECEM: Plant Lockout Will Pressure Earnings And Sustain Cautious Outlook

Analysts have nudged their fair value estimate for Shree Cement slightly lower from ₹24,469.47 to ₹24,259.43, reflecting updated assumptions around revenue growth, profit margin and future P/E expectations. What's in the News Board meeting scheduled on February 6, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025 (Key Developments).
532141
₹67.86
Andhra Cements
7D
2.5%
1Y
-7.8%
532644
₹5,594.35
J.K. Cement
7D
-3.0%
1Y
28.2%

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.
540652
₹183.10
Captain Technocast
7D
8.0%
1Y
-33.8%
BIRLANU
₹1,775.40
BirlaNu
7D
1.3%
1Y
-22.2%

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

Jan 02
BirlaNu (NSE:BIRLANU) Has Debt But No Earnings; Should You Worry?
526095
₹52.80
Ravileela Granites
7D
31.8%
1Y
35.4%
ULTRACEMCO
₹12,098.00
UltraTech Cement
7D
0.09%
1Y
14.0%

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
₹467.85
India Cements
7D
2.3%
1Y
24.2%
RAMCOCEM
₹1,083.50
Ramco Cements
7D
0.5%
1Y
22.9%

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
534076
₹446.35
RHI Magnesita India
7D
-5.9%
1Y
-8.0%
532323
₹24.28
Shiva Cement
7D
10.2%
1Y
-38.4%