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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.6%
  • 3M-8.2%
  • 1Y0.7%
  • YTD2.1%

Over the last 7 days, the Basic Materials industry has dropped 1.6%, driven by a pullback from UltraTech Cement of 1.7%. In contrast, India Cements has gained 5.4%. Over the last year, the industry has been flat overall. 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
Tue, 23 Dec 2025₹10.2t₹4.4t₹261.8b30x38.9x2.3x
Thu, 20 Nov 2025₹10.3t₹4.4t₹261.6b30.7x39.4x2.3x
Sat, 18 Oct 2025₹10.9t₹4.3t₹213.9b33.2x50.8x2.5x
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
Price to Earnings Ratio

33.4x


Total Market Cap: ₹7.1tTotal Earnings: ₹214.1bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Basic Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.9x which is lower than its 3-year average PE of 42.1x.
  • 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 Market0.84%
Materials0.44%
Basic Materials-1.63%
Construction Materials-1.63%
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₹11.68k1.3%
+₹44.1b		2.5%PE47.1x
GRASIM Grasim Industries₹2.83k1.1%
+₹20.8b		13.1%PE44.8x
500338 Prism Johnson₹151.7518.8%
+₹12.1b		-12.9%PE41.8x
INDIACEM India Cements₹441.708.0%
+₹10.2b		18.6%PE424.9x
MIDWESTLTD Midwest₹1.60k6.9%
+₹3.7b		n/aPE51.5x

Latest News

500425
₹546.75
Ambuja Cements
7D
-0.3%
1Y
0.7%
SHREECEM
₹25,940.00
Shree Cement
7D
-0.2%
1Y
-2.9%
540652
₹148.00
Captain Technocast
7D
-12.9%
1Y
-37.0%
GRASIM
₹2,829.80
Grasim Industries
7D
1.1%
1Y
13.1%

GRASIM: Renewable Energy Investments Will Support Long Term Captive Power Savings

Analysts have modestly raised their fair value estimate for Grasim Industries from ₹3,293 to ₹3,302, reflecting slightly lower perceived risk and stable long term growth and margin assumptions despite limited new Street Research inputs. What's in the News A board meeting is scheduled on December 9, 2025 to consider a proposal for Essel Mining and Industries to infuse INR 5,000 million into wholly owned subsidiary Aditya Birla Renewables via a preferential equity issue within FY 2026 to meet urgent business needs (Key Developments).
NUVOCO
₹362.70
Nuvoco Vistas
7D
1.2%
1Y
3.2%

NUVOCO: Planned Energy Acquisition Will Drive Future Upside Potential

Analysts have trimmed their price target on Nuvoco Vistas slightly, reducing fair value by about ₹0.90 per share as they factor in a marginally higher discount rate, slightly softer revenue growth expectations, and a modestly lower projected profit margin, which is only partially offset by a higher anticipated future P/E multiple. What's in the News Nuvoco Vistas plans a private placement of convertible debentures to raise INR 6,000 crore, providing funding flexibility for growth and balance sheet needs (company announcement).
DALBHARAT
₹2,059.40
Dalmia Bharat
7D
-0.3%
1Y
19.9%

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
₹11,678.00
UltraTech Cement
7D
1.3%
1Y
2.5%

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
₹223.55
Star Cement
7D
2.3%
1Y
-4.9%

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
₹441.70
India Cements
7D
8.0%
1Y
18.6%
BIGBLOC
₹69.00
Bigbloc Construction
7D
-6.0%
1Y
-34.1%
MIDWESTLTD
₹1,598.90
Midwest
7D
6.9%
1Y
n/a
ACC
₹1,754.20
ACC
7D
-1.0%
1Y
-15.7%

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
₹151.75
Prism Johnson
7D
18.8%
1Y
-12.9%
JSWCEMENT
₹118.67
JSW Cement
7D
-2.5%
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
₹451.55
RHI Magnesita India
7D
2.9%
1Y
-10.5%
502090
₹209.65
Sagar Cements
7D
-1.7%
1Y
-3.9%