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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.3%
  • 3M4.8%
  • 1Y2.6%
  • YTD9.8%

Over the last 7 days, the Basic Materials industry has dropped 1.3%, driven by a pullback from UltraTech Cement of 1.8%. On the other hand Ramco Industries is actually up 16%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025₹10.9t₹4.3t₹212.6b34.2x51.4x2.5x
Wed, 13 Aug 2025₹10.8t₹4.2t₹226.5b32.5x47.7x2.6x
Fri, 11 Jul 2025₹10.8t₹4.1t₹201.8b44.3x53.6x2.6x
Sun, 08 Jun 2025₹10.1t₹4.1t₹202.0b40.5x49.8x2.4x
Tue, 06 May 2025₹10.1t₹4.0t₹199.4b35.7x50.6x2.5x
Thu, 03 Apr 2025₹9.8t₹4.0t₹202.2b30.6x48.5x2.5x
Sat, 01 Mar 2025₹8.8t₹4.0t₹202.2b30x43.4x2.2x
Mon, 27 Jan 2025₹9.6t₹3.9t₹197.1b36.7x48.9x2.5x
Wed, 25 Dec 2024₹9.8t₹3.9t₹203.2b37.3x48.1x2.5x
Fri, 22 Nov 2024₹9.3t₹3.9t₹203.1b36.5x45.8x2.4x
Sun, 20 Oct 2024₹9.9t₹3.9t₹239.4b33x41.2x2.5x
Tue, 17 Sep 2024₹10.3t₹3.9t₹239.4b32.9x43.1x2.6x
Thu, 15 Aug 2024₹9.7t₹3.9t₹239.1b31.9x40.6x2.5x
Sat, 13 Jul 2024₹10.6t₹3.9t₹248.6b33.7x42.4x2.7x
Mon, 10 Jun 2024₹9.6t₹3.9t₹248.5b28.9x38.5x2.5x
Wed, 08 May 2024₹9.2t₹3.8t₹251.5b31.9x36.5x2.4x
Fri, 05 Apr 2024₹9.2t₹3.8t₹234.5b31.5x39.2x2.4x
Sun, 03 Mar 2024₹9.3t₹3.8t₹234.5b32.7x39.5x2.4x
Tue, 30 Jan 2024₹9.2t₹3.8t₹231.7b37.3x39.8x2.4x
Thu, 28 Dec 2023₹9.1t₹3.8t₹216.9b36.3x41.9x2.4x
Sat, 25 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Mon, 23 Oct 2023₹7.8t₹3.7t₹191.3b33.8x40.9x2.1x
Wed, 20 Sep 2023₹7.9t₹3.7t₹185.2b31.1x42.8x2.2x
Fri, 18 Aug 2023₹7.4t₹3.7t₹184.0b31x40.5x2x
Sun, 16 Jul 2023₹7.4t₹3.6t₹186.0b29.8x39.5x2.1x
Tue, 13 Jun 2023₹7.5t₹3.6t₹185.8b32.9x40.4x2.1x
Thu, 11 May 2023₹7.1t₹3.5t₹210.2b25x33.9x2x
Sat, 08 Apr 2023₹7.0t₹3.4t₹210.3b23x33.2x2x
Mon, 06 Mar 2023₹6.8t₹3.4t₹210.0b24.8x32.2x2x
Wed, 01 Feb 2023₹6.7t₹3.4t₹206.3b23.9x32.4x2x
Fri, 30 Dec 2022₹7.1t₹3.3t₹214.1b24.4x33.4x2.1x
Sun, 27 Nov 2022₹7.2t₹3.3t₹213.8b24.3x33.5x2.1x
Tue, 25 Oct 2022₹6.7t₹3.3t₹234.3b21.5x28.4x2x
Thu, 22 Sep 2022₹6.9t₹3.2t₹256.5b20.7x27.1x2.1x
Price to Earnings Ratio

27.1x


Total Market Cap: ₹6.9tTotal Earnings: ₹256.5bTotal Revenue: ₹3.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 40.8x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Basic Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 51.4x which is higher than its 3-year average PE of 40.8x.
  • 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 declined 6.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market1.60%
Materials0.66%
Basic Materials-1.27%
Construction Materials-1.27%
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
ACC ACC₹1.86k1.2%
+₹4.2b		-25.9%PE14.5x
RAMCOIND Ramco Industries₹365.557.6%
+₹2.3b		48.0%PE15.3x
532486 Pokarna₹848.009.2%
+₹2.2b		-19.3%PE14.4x
JSWCEMENT JSW Cement₹150.290.7%
+₹1.5b		n/aPS3.4x
DALBHARAT Dalmia Bharat₹2.42k0.2%
+₹937.8m		30.1%PE48.4x

Latest News

RAMCOIND
₹365.55
Ramco Industries
7D
7.6%
1Y
48.0%

Ramco Industries Limited's (NSE:RAMCOIND) Price Is Right But Growth Is Lacking After Shares Rocket 25%

Sep 14
Ramco Industries Limited's (NSE:RAMCOIND) Price Is Right But Growth Is Lacking After Shares Rocket 25%
532644
₹6,475.45
J.K. Cement
7D
-4.8%
1Y
34.7%
NUVOCO
₹435.45
Nuvoco Vistas
7D
-3.9%
1Y
24.1%

Returns At Nuvoco Vistas (NSE:NUVOCO) Appear To Be Weighed Down

Sep 11
Returns At Nuvoco Vistas (NSE:NUVOCO) Appear To Be Weighed Down
532486
₹848.00
Pokarna
7D
9.2%
1Y
-19.3%
500425
₹569.30
Ambuja Cements
7D
-0.2%
1Y
-9.2%
530977
₹190.30
Shri Keshav Cements and Infra
7D
18.3%
1Y
-16.5%
534076
₹471.25
RHI Magnesita India
7D
0.4%
1Y
-19.2%
DALBHARAT
₹2,415.00
Dalmia Bharat
7D
0.2%
1Y
30.1%

Indian Urbanization And Premium Mix Will Unlock Sustainable Value

With both the discount rate and future P/E ratio essentially unchanged, analysts have maintained their consensus price target for Dalmia Bharat at ₹2314. What's in the News Dalmia Bharat's board will meet to consider and approve unaudited Q1 FY26 financial results.
ULTRACEMCO
₹12,435.00
UltraTech Cement
7D
-1.8%
1Y
6.8%

Robust Indian Infrastructure Will Unlock Cement Opportunity

With no change in UltraTech Cement’s discount rate or future P/E multiple, analysts’ consensus price target has remained steady at ₹13,630. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter and half-year ending September 2025.
SHREECEM
₹29,275.00
Shree Cement
7D
-4.0%
1Y
14.3%

Focusing On Value And Sustainability Initiatives Will Reduce Costs And Improve Reputation

Given that there is no analyst reasoning provided, Shree Cement’s consensus analyst price target and key valuation metrics such as discount rate and future P/E ratio have remained effectively unchanged, with the fair value staying stable at ₹30,904. What's in the News Board meeting scheduled to consider and approve un-audited standalone and consolidated financial results for the quarter ending June 30, 2025.
ACC
₹1,860.80
ACC
7D
1.2%
1Y
-25.9%

Indian Urbanization And Green Energy Will Fuel Cement Demand

With both net profit margin and consensus revenue growth forecasts for ACC holding steady, analysts have maintained their fair value estimate, leaving the consensus price target unchanged at ₹2139. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter ended June 30, 2025.
JSWCEMENT
₹150.29
JSW Cement
7D
0.7%
1Y
n/a
540575
₹274.65
Star Cement
7D
-2.5%
1Y
32.1%

North-East Cement Demand Will Face Challenges And Opportunities

Despite virtually unchanged net profit margin and forward P/E, Star Cement's consensus analyst price target has been upgraded from ₹266.55 to ₹286.18. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated Q1 FY26 financial results.
500380
₹908.75
JK Lakshmi Cement
7D
-1.7%
1Y
15.6%
500338
₹148.70
Prism Johnson
7D
1.1%
1Y
-29.8%
502090
₹267.75
Sagar Cements
7D
-7.0%
1Y
12.5%