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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies67
  • 7D1.8%
  • 3M-6.1%
  • 1Y-2.7%
  • YTD3.5%

In the last week, the Basic Materials industry is up 1.8%, with Grasim Industries up 3.3%. Overall in the last year, the industry is flat. 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
Mon, 15 Dec 2025₹10.3t₹4.4t₹261.8b30.2x39.4x2.3x
Wed, 12 Nov 2025₹10.4t₹4.5t₹261.1b30.6x39.9x2.3x
Fri, 10 Oct 2025₹10.8t₹4.3t₹212.6b33.1x50.9x2.5x
Sun, 07 Sep 2025₹11.1t₹4.3t₹212.6b34.3x52.1x2.6x
Tue, 05 Aug 2025₹10.8t₹4.2t₹218.0b40.9x49.7x2.6x
Thu, 03 Jul 2025₹10.9t₹4.1t₹201.8b44.6x53.8x2.6x
Sat, 31 May 2025₹10.0t₹4.1t₹201.7b41.9x49.4x2.4x
Mon, 28 Apr 2025₹10.3t₹4.0t₹201.9b32.8x50.8x2.6x
Wed, 26 Mar 2025₹9.7t₹4.0t₹202.2b30.8x47.9x2.4x
Fri, 21 Feb 2025₹9.4t₹4.0t₹202.2b33.1x46.5x2.4x
Sun, 19 Jan 2025₹9.3t₹3.9t₹203.1b36.7x45.9x2.4x
Tue, 17 Dec 2024₹10.3t₹3.9t₹203.2b39.5x50.8x2.6x
Thu, 14 Nov 2024₹9.4t₹3.9t₹214.1b35.6x44x2.4x
Sat, 12 Oct 2024₹10.0t₹3.9t₹239.4b32.8x41.7x2.5x
Mon, 09 Sep 2024₹10.2t₹3.9t₹239.3b33.1x42.5x2.6x
Wed, 07 Aug 2024₹10.0t₹3.9t₹246.2b31.8x40.6x2.6x
Fri, 05 Jul 2024₹10.5t₹3.9t₹248.6b33x42.4x2.7x
Sun, 02 Jun 2024₹9.3t₹3.9t₹247.9b29.2x37.4x2.4x
Tue, 30 Apr 2024₹9.4t₹3.8t₹241.4b33.3x38.8x2.5x
Thu, 28 Mar 2024₹8.9t₹3.8t₹234.4b30.9x37.8x2.3x
Sat, 24 Feb 2024₹9.2t₹3.8t₹234.5b33.8x39.2x2.4x
Mon, 22 Jan 2024₹8.9t₹3.8t₹226.5b38.4x39.5x2.4x
Wed, 20 Dec 2023₹9.0t₹3.8t₹216.9b37.2x41.4x2.4x
Fri, 17 Nov 2023₹7.9t₹3.8t₹216.5b32.3x36.6x2.1x
Sun, 15 Oct 2023₹7.9t₹3.7t₹185.2b31.8x42.7x2.2x
Tue, 12 Sep 2023₹7.9t₹3.7t₹184.1b33.2x42.7x2.1x
Thu, 10 Aug 2023₹7.6t₹3.6t₹190.6b35x39.9x2.1x
Sat, 08 Jul 2023₹7.4t₹3.6t₹185.8b30.9x39.8x2.1x
Mon, 05 Jun 2023₹7.3t₹3.6t₹185.8b32x39.3x2x
Wed, 03 May 2023₹7.0t₹3.5t₹199.4b24.9x34.9x2x
Fri, 31 Mar 2023₹6.8t₹3.4t₹210.3b21.6x32.3x2x
Sun, 26 Feb 2023₹6.6t₹3.4t₹210.0b24.6x31.5x1.9x
Tue, 24 Jan 2023₹6.9t₹3.4t₹207.1b24.8x33.5x2.1x
Thu, 22 Dec 2022₹7.2t₹3.3t₹214.1b24.8x33.7x2.2x
Price to Earnings Ratio

33.7x


Total Market Cap: ₹7.2tTotal Earnings: ₹214.1bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42x202320242025
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 42.0x.
  • 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 6.9% 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-0.34%
Materials0.83%
Basic Materials1.81%
Construction Materials1.81%
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
GRASIM Grasim Industries₹2.84k3.3%
+₹60.9b		5.3%PE44.9x
ULTRACEMCO UltraTech Cement₹11.72k1.1%
+₹37.1b		-3.0%PE47.2x
500425 Ambuja Cements₹548.052.7%
+₹35.1b		-4.3%PE24x
DALBHARAT Dalmia Bharat₹2.07k4.2%
+₹15.6b		7.8%PE34.5x
JSWCEMENT JSW Cement₹121.248.9%
+₹13.2b		n/aPS2.6x

Latest News

SHREECEM
₹26,285.00
Shree Cement
7D
0.8%
1Y
-4.7%

SHREECEM: Interim Dividend And Governance Moves Will Shape Balanced Outlook

Analysts have modestly raised their price target for Shree Cement to ₹24,469 from ₹23,230, citing expectations of slightly higher long term profitability and a lower future price to earnings multiple, despite trimming revenue growth assumptions and applying a higher discount rate. What's in the News Board meeting scheduled on October 28, 2025, to approve unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025, and to consider an interim dividend of INR 80 per equity share for FY 2025 to 2026 (company filing) Record date for the proposed interim dividend set as Monday, November 3, 2025, determining shareholder eligibility for the INR 80 per share payout (company filing) Special or extraordinary shareholders meeting on December 12, 2025, via postal ballot in India, to consider the appointment of Mr. Chandra Kumar Dhanuka as a non executive independent director (company filing) Valuation Changes Fair Value: Raised slightly to ₹24,469 from ₹23,230, reflecting a modestly more optimistic view on long term earnings.
DALBHARAT
₹2,072.20
Dalmia Bharat
7D
4.2%
1Y
7.8%

We Think Dalmia Bharat (NSE:DALBHARAT) Can Stay On Top Of Its Debt

Dec 14
We Think Dalmia Bharat (NSE:DALBHARAT) Can Stay On Top Of Its Debt
ULTRACEMCO
₹11,723.00
UltraTech Cement
7D
1.1%
1Y
-3.0%

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?
540575
₹221.55
Star Cement
7D
-0.7%
1Y
-3.5%

540575: Upcoming Fundraising Plans Will Support A Positive Long Term Outlook

Analysts have modestly trimmed their price target on Star Cement from ₹360 to about ₹357 per share, citing slightly lower forecasts for revenue growth and profit margins, alongside a marginally higher discount rate and a small reduction in expected future valuation multiples. What's in the News Board meeting scheduled for October 14, 2025, to evaluate multiple options for raising funds, including bonds, debentures, non convertible debt, equity shares, warrants, and other instruments, subject to regulatory and shareholder approvals (company filing) Extraordinary shareholders meeting via postal ballot on November 17, 2025, to seek approval for raising funds through issuance of securities (company filing) Board meeting on November 4, 2025, to consider and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025, along with limited review reports (company filing) Valuation Changes Consensus Analyst Price Target, represented by fair value, has fallen slightly from ₹360.0 to about ₹356.5 per share.
INDIACEM
₹414.15
India Cements
7D
-0.5%
1Y
20.2%
NUVOCO
₹345.25
Nuvoco Vistas
7D
-1.7%
1Y
-5.6%

Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable

Dec 09
Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable
RAMCOCEM
₹1,055.00
Ramco Cements
7D
4.4%
1Y
1.4%

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
500425
₹548.05
Ambuja Cements
7D
2.7%
1Y
-4.3%
532644
₹5,723.50
J.K. Cement
7D
1.8%
1Y
20.7%

532644: Index Inclusion Will Drive Future Upside

Analysts have nudged their fair value estimate for J.K. Cement slightly higher to approximately ₹6,619 from about ₹6,610, citing marginally stronger long term revenue growth assumptions that more than offset a modest increase in the discount rate and a slightly lower projected profit margin. What's in the News J.K. Cement has scheduled a special and extraordinary shareholders meeting on December 10, 2025, to be conducted via postal ballot in India (company announcement).
502157
₹756.80
Mangalam Cement
7D
-3.3%
1Y
-18.4%
GRASIM
₹2,836.70
Grasim Industries
7D
3.3%
1Y
5.3%

GRASIM: Renewable Energy SPV Acquisitions Will Secure Long Term Green Power

Analysts have nudged up their price target on Grasim Industries slightly, citing modest adjustments to the discount rate and future P/E assumptions that leave their fair value estimate steady at ₹3,293.09 per share while reinforcing confidence in the company’s long term earnings profile. What's in the News Board meeting scheduled for November 5, 2025 at 12:00 IST to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider changes in senior management personnel, signaling potential realignment of leadership roles (company filing) Proposal to acquire a 26 percent equity stake in multiple renewable energy SPVs formed or to be formed as captive power users for the Vilayat plant in Gujarat, Balabhadrapuram plant in Andhra Pradesh, and Ganjam plant in Odisha (company filing) Renewable energy SPV investments aimed at securing long term green power for key manufacturing locations, with the potential to reduce energy costs and carbon footprint over time (company filing) Valuation Changes Fair Value Estimate remains unchanged at ₹3,293.09 per share, indicating no revision to the analysts' central valuation outcome.
ACC
₹1,771.70
ACC
7D
-1.5%
1Y
-21.2%

ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
500338
₹130.60
Prism Johnson
7D
-1.5%
1Y
-32.4%
JSWCEMENT
₹121.24
JSW Cement
7D
8.9%
1Y
n/a

JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt

Nov 19
JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt
534076
₹442.45
RHI Magnesita India
7D
-0.9%
1Y
-20.6%
500335
₹1,070.45
Birla
7D
-1.2%
1Y
-16.6%