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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies68
  • 7D1.4%
  • 3M-2.3%
  • 1Y5.5%
  • YTD0.2%

In the last week, the Basic Materials industry is up 1.4%, with UltraTech Cement up 2.6%. This takes the industry's 12 month performance to a gain of 5.5%. 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
Sat, 31 Jan 2026₹10.5t₹4.5t₹258.8b27.1x40.5x2.3x
Mon, 29 Dec 2025₹10.4t₹4.4t₹261.8b30.4x39.7x2.3x
Wed, 26 Nov 2025₹10.2t₹4.4t₹261.6b31.2x38.9x2.3x
Fri, 24 Oct 2025₹10.8t₹4.3t₹225.8b35.5x47.9x2.5x
Sun, 21 Sep 2025₹11.2t₹4.3t₹212.6b34.5x52.5x2.6x
Tue, 19 Aug 2025₹11.3t₹4.3t₹225.7b33.3x50x2.6x
Thu, 17 Jul 2025₹10.8t₹4.1t₹201.8b45.6x53.7x2.6x
Sat, 14 Jun 2025₹10.1t₹4.1t₹201.8b41x50x2.5x
Mon, 12 May 2025₹9.8t₹4.0t₹200.1b33.3x49.1x2.4x
Wed, 09 Apr 2025₹9.8t₹4.0t₹202.2b31.3x48.3x2.5x
Fri, 07 Mar 2025₹9.1t₹4.0t₹202.2b31.3x45.2x2.3x
Sun, 02 Feb 2025₹9.7t₹3.9t₹209.7b32.6x46.2x2.5x
Tue, 31 Dec 2024₹9.7t₹3.9t₹203.2b36.7x47.6x2.5x
Thu, 28 Nov 2024₹9.7t₹3.9t₹203.1b39.7x47.5x2.5x
Sat, 26 Oct 2024₹9.6t₹3.9t₹228.7b31.6x42.2x2.5x
Mon, 23 Sep 2024₹10.2t₹3.9t₹239.4b31.7x42.8x2.6x
Wed, 21 Aug 2024₹10.0t₹3.9t₹239.3b31.2x41.7x2.6x
Fri, 19 Jul 2024₹10.6t₹3.9t₹248.4b33.7x42.6x2.7x
Sun, 16 Jun 2024₹10.2t₹3.9t₹248.5b30.9x40.9x2.6x
Tue, 14 May 2024₹9.1t₹3.8t₹251.5b32.1x36.1x2.4x
Thu, 11 Apr 2024₹9.1t₹3.8t₹234.5b30.7x38.9x2.4x
Sat, 09 Mar 2024₹8.9t₹3.8t₹234.4b31.6x38.1x2.3x
Mon, 05 Feb 2024₹9.2t₹3.8t₹240.1b36.5x38.4x2.4x
Wed, 03 Jan 2024₹9.0t₹3.8t₹216.9b37.5x41.7x2.4x
Fri, 01 Dec 2023₹8.2t₹3.8t₹216.9b33.9x37.8x2.2x
Sun, 29 Oct 2023₹7.6t₹3.7t₹196.8b30.8x38.4x2x
Tue, 26 Sep 2023₹7.7t₹3.7t₹185.2b30x41.6x2.1x
Thu, 24 Aug 2023₹7.5t₹3.7t₹184.0b32.3x40.7x2x
Sat, 22 Jul 2023₹7.3t₹3.6t₹185.4b34.1x39.3x2x
Mon, 19 Jun 2023₹7.7t₹3.6t₹185.8b31.5x41.2x2.1x
Wed, 17 May 2023₹7.1t₹3.5t₹210.6b24.6x33.6x2x
Fri, 14 Apr 2023₹7.0t₹3.4t₹210.3b23.2x33.3x2x
Sun, 12 Mar 2023₹6.7t₹3.4t₹210.0b24.4x32x2x
Tue, 07 Feb 2023₹6.7t₹3.4t₹206.1b25.2x32.5x2x
Price to Earnings Ratio

32.5x


Total Market Cap: ₹6.7tTotal Earnings: ₹206.1bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.3x202420252026
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 42.3x.
  • 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 7.9% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market1.81%
Materials1.14%
Basic Materials1.40%
Construction Materials1.40%
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₹12.69k2.6%
+₹95.6b		10.5%PE48.7x
GRASIM Grasim Industries₹2.82k2.2%
+₹40.7b		12.4%PE44.6x
RAMCOCEM Ramco Cements₹1.12k6.3%
+₹15.6b		22.2%PE71.2x
INDIACEM India Cements₹457.706.1%
+₹8.1b		73.3%PS3.2x
534076 RHI Magnesita India₹445.406.5%
+₹5.6b		-5.8%PE58.5x

Latest News

500338
₹126.65
Prism Johnson
7D
5.2%
1Y
-10.4%
534076
₹445.40
RHI Magnesita India
7D
6.5%
1Y
-5.8%
GRASIM
₹2,819.00
Grasim Industries
7D
2.2%
1Y
12.4%
532323
₹19.85
Shiva Cement
7D
-11.5%
1Y
-46.8%
ACC
₹1,636.90
ACC
7D
-1.9%
1Y
-18.5%
500380
₹774.35
JK Lakshmi Cement
7D
-2.5%
1Y
-3.8%
540575
₹219.65
Star Cement
7D
3.7%
1Y
3.0%
JSWCEMENT
₹114.20
JSW Cement
7D
-2.0%
1Y
n/a
DALBHARAT
₹2,065.50
Dalmia Bharat
7D
-0.9%
1Y
10.7%

DALBHARAT: Future Returns Will Likely Disappoint Despite Upcoming Results And Fair Value Revisions

Analysts have raised their fair value estimate for Dalmia Bharat from ₹1,842.00 to ₹1,960.80, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E as the key drivers of the revised price target. What's in the News Dalmia Bharat has scheduled a board meeting on January 21, 2026, at 13:40 Indian Standard Time to review and approve the unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (company filing).
ULTRACEMCO
₹12,694.00
UltraTech Cement
7D
2.6%
1Y
10.5%

ULTRACEMCO: Expanded Capacity And Contested GST Demands Will Shape Bullish Outlook

Analysts have adjusted their price target for UltraTech Cement from ₹13,784.90 to ₹13,965.85, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News UltraTech Cement commissioned additional cement capacity of 1.8 mtpa across Dhule in Maharashtra and Nathdwara in Rajasthan, taking total domestic grey cement capacity to 188.66 mtpa and global capacity to 194.06 mtpa, including 5.4 mtpa overseas (Key Developments).
500335
₹1,058.85
Birla
7D
3.0%
1Y
-9.3%

500335: Upcoming Results And New Articles Will Create Long Term Entry Opportunity

Analysts have trimmed their fair value estimate for Birla from ₹1,508.08 to ₹1,487.31, as small changes in discount rate, revenue growth, profit margin and future P/E assumptions feed through to a slightly lower price target. What's in the News Board meeting scheduled on Jan 31, 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
INDIACEM
₹457.70
India Cements
7D
6.1%
1Y
73.3%
RAMCOCEM
₹1,121.00
Ramco Cements
7D
6.3%
1Y
22.2%
500425
₹510.20
Ambuja Cements
7D
-1.7%
1Y
-0.5%
532644
₹5,522.60
J.K. Cement
7D
-0.3%
1Y
14.2%

532644: Higher Future P/E Assumptions Will Likely Cap Upside Potential

Analysts have increased their fair value estimate for J.K. Cement from ₹5,207.38 to ₹5,251.82. This change reflects updated assumptions on revenue growth, profit margins and a higher future P/E multiple.
NUVOCO
₹347.75
Nuvoco Vistas
7D
-0.6%
1Y
-0.8%

NUVOCO: Power Acquisition And Funding Moves Are Expected To Shape Prospects

Analysts have raised their price target on Nuvoco Vistas from ₹330 to ₹350, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the key drivers behind this change. What's in the News A board meeting is scheduled on January 15, 2026 to consider unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with limited review reports (Key Developments).