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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies68
  • 7D1.2%
  • 3M2.6%
  • 1Y7.2%
  • YTD2.1%

In the last week, the Basic Materials industry is up 1.2%, with Ambuja Cements up 3.8%. During this same period, the JK Lakshmi Cement underperformed, falling 5.9%. This means that the industry has gained 7.2% over 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
Fri, 06 Feb 2026₹10.7t₹4.5t₹241.2b29x44.3x2.4x
Sun, 04 Jan 2026₹10.5t₹4.4t₹261.8b30.3x40.1x2.4x
Tue, 02 Dec 2025₹10.2t₹4.4t₹261.8b31.1x39.1x2.3x
Thu, 30 Oct 2025₹10.9t₹4.3t₹229.9b34.1x47.3x2.5x
Sat, 27 Sep 2025₹10.7t₹4.3t₹212.6b34x50.3x2.5x
Mon, 25 Aug 2025₹11.1t₹4.3t₹226.0b33.2x49.1x2.6x
Wed, 23 Jul 2025₹11.0t₹4.1t₹208.8b45.1x52.7x2.7x
Fri, 20 Jun 2025₹10.0t₹4.1t₹201.8b40.5x49.8x2.4x
Sun, 18 May 2025₹10.5t₹4.0t₹199.3b37.8x52.5x2.6x
Tue, 15 Apr 2025₹9.9t₹4.0t₹201.9b31.6x49.1x2.5x
Thu, 13 Mar 2025₹9.0t₹4.0t₹202.2b31.1x44.7x2.3x
Sat, 08 Feb 2025₹9.7t₹3.9t₹209.2b33.5x46.6x2.5x
Mon, 06 Jan 2025₹9.9t₹3.9t₹203.2b37.3x48.8x2.5x
Wed, 04 Dec 2024₹10.3t₹3.9t₹203.1b40x50.5x2.6x
Fri, 01 Nov 2024₹9.9t₹3.9t₹222.6b33.7x44.5x2.5x
Sun, 29 Sep 2024₹10.4t₹3.9t₹239.4b32.2x43.6x2.7x
Tue, 27 Aug 2024₹10.1t₹3.9t₹239.3b33.2x42.2x2.6x
Thu, 25 Jul 2024₹10.5t₹3.9t₹249.5b33.5x41.9x2.7x
Sat, 22 Jun 2024₹9.9t₹3.9t₹248.5b32.5x39.9x2.5x
Mon, 20 May 2024₹9.4t₹3.9t₹241.6b32.5x38.8x2.4x
Wed, 17 Apr 2024₹8.9t₹3.8t₹234.5b31.3x37.8x2.3x
Fri, 15 Mar 2024₹8.8t₹3.8t₹234.4b28.8x37.4x2.3x
Sun, 11 Feb 2024₹9.2t₹3.8t₹233.8b34.9x39.3x2.4x
Tue, 09 Jan 2024₹8.9t₹3.8t₹216.9b37.3x41.2x2.4x
Thu, 07 Dec 2023₹8.6t₹3.8t₹216.9b35.7x39.6x2.3x
Sat, 04 Nov 2023₹7.7t₹3.7t₹205.4b34x37.7x2.1x
Mon, 02 Oct 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Wed, 30 Aug 2023₹7.5t₹3.7t₹184.0b32.3x40.9x2x
Fri, 28 Jul 2023₹7.5t₹3.6t₹189.3b33.6x39.5x2.1x
Sun, 25 Jun 2023₹7.4t₹3.6t₹185.8b28.8x39.7x2.1x
Tue, 23 May 2023₹7.1t₹3.5t₹209.7b25.6x33.7x2x
Thu, 20 Apr 2023₹6.9t₹3.4t₹210.3b23.2x32.9x2x
Sat, 18 Mar 2023₹6.7t₹3.4t₹210.0b23.5x31.7x1.9x
Mon, 13 Feb 2023₹6.7t₹3.4t₹204.7b21.4x32.8x2x
Price to Earnings Ratio

32.8x


Total Market Cap: ₹6.7tTotal Earnings: ₹204.7bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.4x202420252026
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 42.4x.
  • 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 5.6% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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 Market1.42%
Materials-1.40%
Basic Materials1.18%
Construction Materials1.18%
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
500425 Ambuja Cements₹529.503.8%
+₹47.7b		3.3%PE35.4x
532644 J.K. Cement₹5.73k3.7%
+₹15.7b		17.4%PE43.4x
SHREECEM Shree Cement₹27.33k1.3%
+₹12.4b		-3.3%PE57.4x
GRASIM Grasim Industries₹2.84k0.6%
+₹12.1b		14.0%PE44.9x
DALBHARAT Dalmia Bharat₹2.12k2.6%
+₹9.9b		14.5%PE33.5x

Latest News

500425
₹529.50
Ambuja Cements
7D
3.8%
1Y
3.3%
JSWCEMENT
₹121.32
JSW Cement
7D
6.2%
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
532486
₹1,014.10
Pokarna
7D
37.9%
1Y
-22.6%
500380
₹728.35
JK Lakshmi Cement
7D
-5.9%
1Y
-13.3%
NUVOCO
₹345.10
Nuvoco Vistas
7D
-0.8%
1Y
-4.0%

NUVOCO: Convertible Debenture Placement Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Nuvoco Vistas from ₹446.71 to ₹434.35, reflecting slightly adjusted assumptions on revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on January 15, 2026, to consider unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing) Planned private placement of convertible debentures for gross proceeds of ₹6b on November 14, 2025 (company filing) Valuation Changes Fair Value Estimate trimmed from ₹446.71 to ₹434.35 per share, implying a small reduction in the assessed equity value.
532644
₹5,725.65
J.K. Cement
7D
3.7%
1Y
17.4%

532644: Capacity Expansion Plans Will Drive Future Upside

Analysts have trimmed their fair value estimate for J.K. Cement slightly to ₹6,599, reflecting marginal tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled on January 16, 2026 to consider expanding 1.00 MnTPA cement grinding capacity at JK Cement Works, Panna, and 1.00 MnTPA at JK Cement Works, Hamirpur (company filing).
500338
₹121.70
Prism Johnson
7D
-3.9%
1Y
-8.5%
534076
₹434.95
RHI Magnesita India
7D
-2.3%
1Y
-9.8%
GRASIM
₹2,836.90
Grasim Industries
7D
0.6%
1Y
14.0%
540575
₹215.25
Star Cement
7D
-2.0%
1Y
0.9%
VISHNUINFR
₹178.15
Vishnusurya Projects and Infra
7D
-17.3%
1Y
-22.4%
DALBHARAT
₹2,118.30
Dalmia Bharat
7D
2.6%
1Y
14.5%

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).
INDIACEM
₹452.65
India Cements
7D
-1.1%
1Y
62.3%
SHREECEM
₹27,330.00
Shree Cement
7D
1.3%
1Y
-3.3%

SHREECEM: Recent Plant Lockout Will Weigh On Earnings And Sentiment

Analysts have made a small upward adjustment to their fair value estimate for Shree Cement to ₹24,263 from ₹24,259, citing refreshed assumptions around revenue growth, profit margins, and the future P/E multiple. What's in the News Management and workmen at the Baloda Bazar cement plant in Raipur, Chhattisgarh, reached an amicable settlement, leading to withdrawal of the lockout effective 22 December 2025 at 11:00 PM (company filing).
RAMCOCEM
₹1,160.90
Ramco Cements
7D
3.6%
1Y
29.7%
KCP
₹172.21
KCP
7D
-2.3%
1Y
-17.5%