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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies64
  • 7D1.2%
  • 3M-3.8%
  • 1Y-6.5%
  • YTD-5.0%

In the last week, the Basic Materials industry is up 2.6%, with UltraTech Cement up 2.9%. However, the industry is down 4.1% 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
Fri, 24 Apr 2026₹9.9t₹4.6t₹251.5b25.7x39.5x2.2x
Sun, 22 Mar 2026₹9.1t₹4.6t₹251.8b23.4x36.3x2x
Tue, 17 Feb 2026₹10.7t₹4.6t₹247.6b26.4x43.1x2.3x
Thu, 15 Jan 2026₹10.5t₹4.4t₹261.9b28.7x40.2x2.4x
Sat, 13 Dec 2025₹10.3t₹4.4t₹261.8b30.2x39.4x2.3x
Mon, 10 Nov 2025₹10.4t₹4.5t₹260.8b30.9x40x2.3x
Wed, 08 Oct 2025₹10.8t₹4.3t₹212.6b33.3x51x2.5x
Fri, 05 Sep 2025₹11.1t₹4.3t₹212.6b33x52.3x2.6x
Sun, 03 Aug 2025₹10.7t₹4.2t₹218.0b40.8x49.2x2.6x
Tue, 01 Jul 2025₹10.7t₹4.1t₹201.8b43.7x52.8x2.6x
Thu, 29 May 2025₹10.0t₹4.1t₹198.7b36.6x50.6x2.4x
Sat, 26 Apr 2025₹10.3t₹4.0t₹201.2b32.8x51x2.6x
Mon, 24 Mar 2025₹9.5t₹4.0t₹202.2b31x46.8x2.4x
Wed, 19 Feb 2025₹9.4t₹4.0t₹202.2b31x46.3x2.4x
Fri, 17 Jan 2025₹9.3t₹3.9t₹203.1b36.7x45.9x2.4x
Sun, 15 Dec 2024₹10.4t₹3.9t₹203.2b39.9x50.9x2.6x
Tue, 12 Nov 2024₹9.6t₹3.9t₹218.7b34.8x43.9x2.5x
Thu, 10 Oct 2024₹10.0t₹3.9t₹239.4b30x41.9x2.6x
Sat, 07 Sep 2024₹10.2t₹3.9t₹239.3b33.1x42.5x2.6x
Mon, 05 Aug 2024₹10.4t₹3.9t₹246.2b32.9x42.1x2.7x
Wed, 03 Jul 2024₹10.6t₹3.9t₹248.6b33.2x42.7x2.7x
Fri, 31 May 2024₹9.2t₹3.9t₹247.9b29.1x37.3x2.4x
Sun, 28 Apr 2024₹9.3t₹3.8t₹240.5b33.7x38.5x2.4x
Tue, 26 Mar 2024₹8.8t₹3.8t₹234.4b31x37.7x2.3x
Thu, 22 Feb 2024₹9.2t₹3.8t₹234.5b32.9x39x2.4x
Sat, 20 Jan 2024₹8.9t₹3.8t₹216.9b38.3x41.2x2.4x
Mon, 18 Dec 2023₹9.0t₹3.8t₹216.9b38.7x41.5x2.4x
Wed, 15 Nov 2023₹7.9t₹3.8t₹216.4b30.8x36.4x2.1x
Fri, 13 Oct 2023₹7.9t₹3.7t₹185.2b31.7x42.8x2.2x
Sun, 10 Sep 2023₹7.8t₹3.7t₹184.1b33.9x42.5x2.1x
Tue, 08 Aug 2023₹7.6t₹3.6t₹192.7b34.5x39.6x2.1x
Thu, 06 Jul 2023₹7.5t₹3.6t₹185.8b28.4x40.4x2.1x
Sat, 03 Jun 2023₹7.3t₹3.6t₹185.9b32x39.3x2x
Mon, 01 May 2023₹7.0t₹3.5t₹199.4b25x34.9x2x
Price to Earnings Ratio

34.9x


Total Market Cap: ₹7.0tTotal Earnings: ₹199.4bTotal Revenue: ₹3.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.9x202420252026
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 42.9x.
  • 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 8.0% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market1.22%
Materials1.24%
Basic Materials1.19%
Construction Materials1.19%
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₹12.17k2.9%
+₹100.3b		0.07%PE46.7x
532644 J.K. Cement₹5.80k5.3%
+₹22.7b		10.2%PE43.9x
SHREECEM Shree Cement₹25.47k1.4%
+₹13.0b		-17.0%PE51.3x
GRASIM Grasim Industries₹2.74k0.7%
+₹12.0b		0.2%PE41.2x
540575 Star Cement₹235.406.1%
+₹5.5b		5.0%PE25.8x

Latest News

NUVOCO
₹299.60
Nuvoco Vistas
7D
-3.4%
1Y
-11.9%
540575
₹235.40
Star Cement
7D
6.1%
1Y
5.0%

540575: Upcoming Earnings Review Will Highlight Pressure From Lower Forward P/E

Analysts have trimmed their price target for Star Cement from ₹200.61 to ₹197.16, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Board meeting scheduled for February 6, 2026 to consider, approve and take on record the unaudited standalone financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).
SHREECEM
₹25,470.00
Shree Cement
7D
1.4%
1Y
-17.0%

SHREECEM: Higher Discount Rate And Lower Future P/E Will Pressure Returns

Analysts have reduced their fair value estimate for Shree Cement from ₹22,717.66 to ₹21,386.18. This change reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E expectations.
500425
₹450.35
Ambuja Cements
7D
-1.8%
1Y
-21.2%

500425: Upcoming Meetings And Refined Assumptions Will Shape Balanced Outlook

Analysts have revised their price target for Ambuja Cements from ₹460.99 to ₹423.55, citing updated views on revenue growth, profit margins, and a lower future P/E multiple. What's in the News A board meeting is scheduled on May 4, 2026 to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to recommend a dividend on equity shares for FY 2025-26, if any (company filing).
532644
₹5,797.95
J.K. Cement
7D
5.3%
1Y
10.2%

532644: Higher Discount Rate And Lower P/E Expectations Will Restrain Upside

Analysts have trimmed their price target on J.K. Cement from about ₹5,164 to roughly ₹4,965, citing updated assumptions that include slightly different views on revenue growth, profit margins, and future P/E levels. What's in the News A board meeting is scheduled for Mar 27, 2026 at 11:25 Indian Standard Time to review a proposed Asset Purchase Agreement.
DALBHARAT
₹1,958.80
Dalmia Bharat
7D
-0.8%
1Y
-0.8%
ACC
₹1,423.10
ACC
7D
-1.4%
1Y
-31.1%
500335
₹942.75
Birla
7D
-2.6%
1Y
-15.5%

Capacity Constraints And Clinker Risks Will Shape Future Earnings Potential Positively

Catalysts About Birla Birla Corporation is a cement producer focused on trade centric, blended and premium cement sales across Central, North, East and Maharashtra markets. What are the underlying business or industry changes driving this perspective?
500338
₹131.60
Prism Johnson
7D
5.9%
1Y
-3.5%
GRASIM
₹2,735.00
Grasim Industries
7D
0.7%
1Y
0.2%

GRASIM: Upcoming Leadership Appointments Will Support Governance Stability And Earnings Resilience

Analysts have modestly adjusted their fair value estimate for Grasim Industries from ₹3,435.55 to ₹3,413.73, reflecting updated assumptions on the discount rate, growth, and profitability. What's in the News A board meeting is scheduled for Jan 16, 2026 to consider appointing Mr. Sachin Sahay as Chief Executive Officer of Birla Opus Paints and as Senior Management Personnel of the company, effective Feb 16, 2026 (Key Developments).
KCP
₹177.90
KCP
7D
11.9%
1Y
-18.5%
ULTRACEMCO
₹12,167.00
UltraTech Cement
7D
2.9%
1Y
0.07%

ULTRACEMCO: Expanding Capacity Will Drive Future Upside Despite Ongoing GST Disputes

The analyst fair value estimate for UltraTech Cement has moved slightly from ₹14,090.92 to ₹14,044.87, with the adjustment linked to modest tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions as analysts refine their models. What's in the News UltraTech Cement received multiple GST orders from state and central authorities in Maharashtra, Tamil Nadu and Haryana related to alleged ineligible or excess Input Tax Credit and supplies to customers later deemed non existent, with combined tax demands, interest and penalties across various years that the company plans to contest, while indicating it does not expect a material financial impact.
INDIACEM
₹424.10
India Cements
7D
3.0%
1Y
45.7%
MIDWESTLTD
₹1,290.00
Midwest
7D
-2.4%
1Y
n/a
RAMCOCEM
₹958.50
Ramco Cements
7D
-4.3%
1Y
-2.9%
JSWCEMENT
₹125.30
JSW Cement
7D
-0.7%
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