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Indian (NIFTY) Construction Materials Industry Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies67
  • 7D-0.3%
  • 3M-8.4%
  • 1Y2.4%
  • YTDn/a

Over the last 7 days, the Construction Materials industry has remained flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Indian Construction Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Dec 2025₹10.2t₹4.4t₹261.6b30.9x38.9x2.3x
Wed, 29 Oct 2025₹10.8t₹4.3t₹227.6b33.6x47.3x2.5x
Fri, 26 Sep 2025₹10.9t₹4.3t₹212.6b34.9x51.2x2.5x
Sun, 24 Aug 2025₹11.1t₹4.3t₹226.0b33.2x49.1x2.6x
Tue, 22 Jul 2025₹11.0t₹4.1t₹201.3b44.9x54.4x2.7x
Thu, 19 Jun 2025₹10.1t₹4.1t₹201.8b41.6x50x2.5x
Sat, 17 May 2025₹10.5t₹4.0t₹199.4b37.8x52.4x2.6x
Mon, 14 Apr 2025₹9.9t₹4.0t₹201.9b31.6x49.1x2.5x
Wed, 12 Mar 2025₹9.1t₹4.0t₹202.2b31.2x44.9x2.3x
Fri, 07 Feb 2025₹9.7t₹3.9t₹209.0b32.2x46.5x2.5x
Sun, 05 Jan 2025₹9.9t₹3.9t₹203.2b37.3x48.8x2.5x
Tue, 03 Dec 2024₹10.1t₹3.9t₹203.1b38.6x49.5x2.6x
Thu, 31 Oct 2024₹9.9t₹3.9t₹222.6b33.8x44.5x2.5x
Sat, 28 Sep 2024₹10.4t₹3.9t₹239.4b32.2x43.6x2.7x
Mon, 26 Aug 2024₹10.1t₹3.9t₹239.3b33.8x42.3x2.6x
Wed, 24 Jul 2024₹10.5t₹3.9t₹249.5b33.8x42.3x2.7x
Fri, 21 Jun 2024₹10.0t₹3.9t₹248.5b33.2x40.4x2.6x
Sun, 19 May 2024₹9.4t₹3.9t₹241.8b30.9x38.8x2.4x
Tue, 16 Apr 2024₹8.9t₹3.8t₹234.5b31.3x37.8x2.3x
Thu, 14 Mar 2024₹8.6t₹3.8t₹234.4b28.3x36.6x2.2x
Sat, 10 Feb 2024₹9.2t₹3.8t₹232.7b35x39.5x2.4x
Mon, 08 Jan 2024₹9.0t₹3.8t₹216.9b37.9x41.6x2.4x
Wed, 06 Dec 2023₹8.7t₹3.8t₹216.9b35.8x39.9x2.3x
Fri, 03 Nov 2023₹7.7t₹3.7t₹205.0b32.5x37.6x2.1x
Sun, 01 Oct 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Tue, 29 Aug 2023₹7.5t₹3.7t₹184.0b31.3x40.6x2x
Thu, 27 Jul 2023₹7.5t₹3.6t₹186.4b33.4x40.3x2.1x
Sat, 24 Jun 2023₹7.4t₹3.6t₹185.8b28.8x39.7x2.1x
Mon, 22 May 2023₹7.1t₹3.5t₹209.7b25.5x33.7x2x
Wed, 19 Apr 2023₹7.0t₹3.4t₹210.3b23.2x33.1x2x
Fri, 17 Mar 2023₹6.6t₹3.4t₹210.0b23.3x31.3x1.9x
Sun, 12 Feb 2023₹6.7t₹3.4t₹204.8b23.1x32.8x2x
Tue, 10 Jan 2023₹7.2t₹3.3t₹213.8b25x33.5x2.1x
Thu, 08 Dec 2022₹7.5t₹3.3t₹213.8b25.7x35x2.2x
Price to Earnings Ratio

35x


Total Market Cap: ₹7.5tTotal Earnings: ₹213.8bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Materials Industry Price to Earnings3Y Average 42x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Construction 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 42.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Construction 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 Comparison

How does Indian Construction Materials compare with similar industries?

IN Market0.40%
Materials0.63%
Basic Materials-0.31%
Construction Materials-0.31%
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₹2.73k1.6%
+₹29.0b		1.4%PE43.2x
ULTRACEMCO UltraTech Cement₹11.66k0.7%
+₹22.9b		0.1%PE47x
532644 J.K. Cement₹5.78k4.1%
+₹17.6b		28.5%PE43.2x
MIDWESTLTD Midwest₹1.38k16.4%
+₹7.0b		n/aPE44.4x
RAMCOCEM Ramco Cements₹1.02k1.2%
+₹2.9b		-1.2%PE65x

Latest News

INDIACEM
₹386.65
India Cements
7D
-2.6%
1Y
5.2%
ULTRACEMCO
₹11,662.00
UltraTech Cement
7D
0.7%
1Y
0.1%
BIGBLOC
₹63.09
Bigbloc Construction
7D
19.8%
1Y
-43.1%
SHREECEM
₹26,415.00
Shree Cement
7D
-0.3%
1Y
-1.4%

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
₹1,378.60
Midwest
7D
16.4%
1Y
n/a
ACC
₹1,850.50
ACC
7D
-3.3%
1Y
-17.2%

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

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
RAMCOCEM
₹1,023.20
Ramco Cements
7D
1.2%
1Y
-1.2%

We Think Ramco Cements (NSE:RAMCOCEM) Is Taking Some Risk With Its Debt

Nov 23
We Think Ramco Cements (NSE:RAMCOCEM) Is Taking Some Risk With Its Debt
532644
₹5,781.95
J.K. Cement
7D
4.1%
1Y
28.5%

532644: Expansion Projects And Index Inclusion Will Drive Future Upside

Analysts have revised the fair value estimate for J.K. Cement from ₹6,885 to ₹6,610. This reflects slightly lower expected profit margins, even though there is marginally higher projected revenue growth and modest adjustments in valuation assumptions.
500425
₹543.30
Ambuja Cements
7D
-0.4%
1Y
0.8%
GRASIM
₹2,731.50
Grasim Industries
7D
1.6%
1Y
1.4%

GRASIM: Board Will Approve Renewable Energy Acquisitions To Drive Expansion

Analysts have slightly lowered their price target for Grasim Industries from ₹3,296.45 to ₹3,293.09, citing modest adjustments in projected discount rates and future earnings outlook. What's in the News An upcoming Board Meeting is scheduled for November 5, 2025, at 12:00 IST.
JSWCEMENT
₹113.62
JSW Cement
7D
-3.9%
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
₹462.75
RHI Magnesita India
7D
2.2%
1Y
-11.3%
502157
₹738.00
Mangalam Cement
7D
6.0%
1Y
-19.7%
500335
₹1,111.55
Birla
7D
-2.0%
1Y
-11.5%
DALBHARAT
₹2,009.40
Dalmia Bharat
7D
-0.7%
1Y
6.9%

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
500380
₹769.00
JK Lakshmi Cement
7D
-1.4%
1Y
-5.2%