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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 05, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.0%
  • 3M-8.5%
  • 1Y-3.3%
  • YTD1.8%

Over the last 7 days, the Basic Materials industry has dropped 1.0%, driven by a pullback from Ambuja Cements of 2.1%. In contrast, Midwest has gained 13%. The industry has fallen 3.3% in the last year. 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
Fri, 05 Dec 2025₹10.2t₹4.4t₹261.8b30.4x38.8x2.3x
Sun, 02 Nov 2025₹10.7t₹4.4t₹239.2b34.3x44.9x2.5x
Tue, 30 Sep 2025₹10.7t₹4.3t₹212.6b33.7x50.3x2.5x
Thu, 28 Aug 2025₹11.1t₹4.3t₹226.0b32.3x49x2.6x
Sat, 26 Jul 2025₹10.8t₹4.1t₹211.5b44.4x51x2.6x
Mon, 23 Jun 2025₹10.0t₹4.1t₹201.8b40.6x49.8x2.4x
Wed, 21 May 2025₹10.3t₹4.0t₹199.1b38.1x51.8x2.6x
Fri, 18 Apr 2025₹10.3t₹4.0t₹201.9b32.4x50.8x2.6x
Sun, 16 Mar 2025₹9.0t₹4.0t₹202.2b30.5x44.3x2.3x
Tue, 11 Feb 2025₹9.6t₹3.9t₹209.2b34.8x46x2.4x
Thu, 09 Jan 2025₹9.7t₹3.9t₹203.2b37x47.7x2.5x
Sat, 07 Dec 2024₹10.2t₹3.9t₹203.2b39.9x50.4x2.6x
Mon, 04 Nov 2024₹9.9t₹3.9t₹222.6b33.7x44.7x2.5x
Wed, 02 Oct 2024₹10.5t₹3.9t₹239.4b31.9x43.7x2.7x
Fri, 30 Aug 2024₹10.0t₹3.9t₹239.3b31.6x41.7x2.5x
Sun, 28 Jul 2024₹10.6t₹3.9t₹249.1b34.3x42.5x2.7x
Tue, 25 Jun 2024₹10.0t₹3.9t₹248.6b30.3x40.1x2.6x
Thu, 23 May 2024₹9.4t₹3.9t₹243.5b32x38.7x2.4x
Sat, 20 Apr 2024₹8.8t₹3.8t₹234.5b33.2x37.5x2.3x
Mon, 18 Mar 2024₹8.8t₹3.8t₹234.4b28.9x37.5x2.3x
Wed, 14 Feb 2024₹9.0t₹3.8t₹234.6b32.8x38.3x2.3x
Fri, 12 Jan 2024₹8.8t₹3.8t₹216.9b38.8x40.8x2.3x
Sun, 10 Dec 2023₹8.6t₹3.8t₹216.9b36.2x39.8x2.3x
Tue, 07 Nov 2023₹7.9t₹3.7t₹209.6b31.8x37.5x2.1x
Thu, 05 Oct 2023₹7.7t₹3.7t₹185.2b30.5x41.8x2.1x
Sat, 02 Sep 2023₹7.6t₹3.7t₹184.0b33.1x41.3x2.1x
Mon, 31 Jul 2023₹7.5t₹3.6t₹191.3b32.6x39.2x2.1x
Wed, 28 Jun 2023₹7.4t₹3.6t₹185.8b28.6x39.9x2.1x
Fri, 26 May 2023₹7.1t₹3.5t₹208.5b24.6x33.9x2x
Sun, 23 Apr 2023₹6.8t₹3.5t₹208.7b24.6x32.4x2x
Tue, 21 Mar 2023₹6.6t₹3.4t₹210.0b23.4x31.4x1.9x
Thu, 16 Feb 2023₹6.7t₹3.5t₹211.8b24.3x31.4x1.9x
Sat, 14 Jan 2023₹7.2t₹3.3t₹213.8b23.5x33.7x2.2x
Mon, 12 Dec 2022₹7.5t₹3.3t₹213.8b25.3x34.9x2.2x
Price to Earnings Ratio

34.9x


Total Market Cap: ₹7.5tTotal Earnings: ₹213.8bTotal 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 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 38.8x which is lower than its 3-year average PE 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 7.0% 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-1.02%
Materials-0.56%
Basic Materials-1.02%
Construction Materials-1.02%
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
MIDWESTLTD Midwest₹1.49k13.3%
+₹6.3b		n/aPE48.1x
INDIACEM India Cements₹412.153.4%
+₹4.2b		12.5%PE396.4x
502157 Mangalam Cement₹795.8516.3%
+₹3.1b		-15.9%PE28.4x
REFRACTORY Refractory Shapes₹54.4519.5%
+₹194.0m		-49.5%PE15.3x
VISHNUINFR Vishnusurya Projects and Infra₹162.003.6%
+₹139.0m		-41.0%PE13x

Latest News

GRASIM
₹2,730.40
Grasim Industries
7D
-0.4%
1Y
0.9%

These 4 Measures Indicate That Grasim Industries (NSE:GRASIM) Is Using Debt In A Risky Way

Dec 05
These 4 Measures Indicate That Grasim Industries (NSE:GRASIM) Is Using Debt In A Risky Way
532644
₹5,612.05
J.K. Cement
7D
-4.0%
1Y
21.8%
502157
₹795.85
Mangalam Cement
7D
16.3%
1Y
-15.9%
NUVOCO
₹352.75
Nuvoco Vistas
7D
-2.7%
1Y
-4.3%

NUVOCO: Planned Energy Acquisition Will Drive Future Upside Potential

Analysts have trimmed their price target on Nuvoco Vistas slightly, from ₹449 to about ₹448. This reflects marginally higher discount rates and slightly softer assumptions for revenue growth and profit margins, even as future valuation multiples edge up.
REFRACTORY
₹54.45
Refractory Shapes
7D
19.5%
1Y
-49.5%
INDIACEM
₹412.15
India Cements
7D
3.4%
1Y
12.5%
SHREECEM
₹26,450.00
Shree Cement
7D
-1.1%
1Y
-0.6%

SHREECEM: Interim Dividend Declaration Will Drive Stronger Upside Momentum Ahead

Shree Cement's analyst price target has been revised slightly downward from ₹30,654 to ₹30,458, as analysts adjust their models to reflect a modest decrease in projected profit margins and a small increase in discount rate assumptions. What's in the News The board meeting was held on October 28, 2025, to review and approve unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025.
MIDWESTLTD
₹1,493.10
Midwest
7D
13.3%
1Y
n/a
ACC
₹1,815.20
ACC
7D
-2.9%
1Y
-19.9%

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

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
500425
₹536.75
Ambuja Cements
7D
-2.1%
1Y
-6.0%
JSWCEMENT
₹111.48
JSW Cement
7D
-4.6%
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
VISHNUINFR
₹162.00
Vishnusurya Projects and Infra
7D
3.6%
1Y
-41.0%

We Think That There Are Some Issues For Vishnusurya Projects and Infra (NSE:VISHNUINFR) Beyond Its Promising Earnings

Nov 17
We Think That There Are Some Issues For Vishnusurya Projects and Infra (NSE:VISHNUINFR) Beyond Its Promising Earnings
523483
₹176.00
Pacific Industries
7D
3.5%
1Y
-45.0%
502294
₹40.65
Nilachal Refractories
7D
6.1%
1Y
-7.6%
DALBHARAT
₹1,990.30
Dalmia Bharat
7D
-1.4%
1Y
4.0%

Here's What's Concerning About Dalmia Bharat's (NSE:DALBHARAT) Returns On Capital

Nov 05
Here's What's Concerning About Dalmia Bharat's (NSE:DALBHARAT) Returns On Capital
532141
₹73.08
Andhra Cements
7D
1.1%
1Y
-16.0%