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Indian (NIFTY) Construction Materials Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies64
  • 7D-3.7%
  • 3M-3.6%
  • 1Y-7.7%
  • YTDn/a

Over the last 7 days, the Construction Materials industry has dropped 3.7%, driven by a pullback from UltraTech Cement of 5.0%. Overall the industry is down 7.7% in 12 months. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026₹9.5t₹4.7t₹267.1b29.7x35.5x2x
Mon, 04 May 2026₹9.7t₹4.6t₹256.4b25.5x37.7x2.1x
Wed, 01 Apr 2026₹8.9t₹4.6t₹251.8b22.4x35.3x1.9x
Fri, 27 Feb 2026₹10.6t₹4.6t₹247.6b25x42.7x2.3x
Sun, 25 Jan 2026₹10.3t₹4.5t₹262.0b26.8x39.5x2.3x
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
Price to Earnings Ratio

40.4x


Total Market Cap: ₹7.5tTotal Earnings: ₹185.8bTotal Revenue: ₹3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Materials Industry Price to Earnings3Y Average 43x202420252026
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 35.5x which is lower than its 3-year average PE of 43.0x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Construction Materials industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market-0.83%
Materials-1.77%
Basic Materials-3.74%
Construction Materials-3.74%
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
RAMCOCEM Ramco Cements₹880.701.1%
+₹2.2b		-12.4%PE29.8x
MONOLITH Monolithisch India₹641.1515.6%
+₹1.9b		n/aPE60.5x
MIDWESTLTD Midwest₹1.23k3.6%
+₹1.6b		n/aPE42.5x
500380 JK Lakshmi Cement₹599.502.0%
+₹1.5b		-26.5%PE18.1x
IFGLEXPOR IFGL Refractories₹194.7711.5%
+₹1.4b		-25.7%PE40.5x

Latest News

500425
₹417.35
Ambuja Cements
7D
-6.8%
1Y
-24.9%
MONOLITH
₹641.15
Monolithisch India
7D
15.6%
1Y
n/a
ACC
₹1,329.80
ACC
7D
-5.0%
1Y
-30.2%
DALBHARAT
₹1,688.60
Dalmia Bharat
7D
-3.4%
1Y
-20.2%
Narrative Update • Jun 03

DALBHARAT: Upcoming Board Decisions Will Shape Earnings Outlook And Forward P/E

Analysts have slightly reduced their fair value estimate for Dalmia Bharat, adjusting the price target from about ₹1,860 to around ₹1,852 as they incorporate updated assumptions for revenue growth, profit margins and future P/E into their models. What's in the News A board meeting is scheduled for April 28, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend on equity shares for the financial year ended March 31, 2026.
532486
₹823.60
Pokarna
7D
2.5%
1Y
-23.9%
GRASIM
₹3,087.70
Grasim Industries
7D
-1.1%
1Y
19.9%
Narrative Update • Jun 01

GRASIM: Upcoming Dividend Decision And Improved Margins Will Support Earnings Resilience

Analysts have lifted their fair value estimate for Grasim Industries from about ₹3,366 to roughly ₹3,497, citing updated assumptions around revenue declines, profit margins and a lower projected future P/E multiple. What's in the News A board meeting is scheduled for 20 May 2026 at 12:15 Indian Standard Time to review and approve the standalone and consolidated audited financial results for the quarter and year ended 31 March 2026.
ULTRACEMCO
₹10,912.00
UltraTech Cement
7D
-5.0%
1Y
-3.0%
IFGLEXPOR
₹194.77
IFGL Refractories
7D
11.5%
1Y
-25.7%
532644
₹4,950.30
J.K. Cement
7D
-4.3%
1Y
-15.8%
RAMCOIND
₹307.25
Ramco Industries
7D
4.7%
1Y
16.8%
RAMCOCEM
₹880.70
Ramco Cements
7D
1.1%
1Y
-12.4%
Analysis Article • May 30

Ramco Cements' (NSE:RAMCOCEM) Promising Earnings May Rest On Soft Foundations

The Ramco Cements Limited ( NSE:RAMCOCEM ) announced strong profits, but the stock was stagnant. Our analysis suggests...
MIDWESTLTD
₹1,233.60
Midwest
7D
3.6%
1Y
n/a
NUVOCO
₹319.15
Nuvoco Vistas
7D
-8.5%
1Y
-11.9%
Narrative Update • May 25

NUVOCO: Planned Gujarat Terminal And Renewable Investment Will Support Future Upside Potential

Analysts have revised their price target on Nuvoco Vistas from about ₹434 to roughly ₹399, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for April 14, 2026 at 17:30 IST to consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026 (company filing).
SHREECEM
₹24,085.00
Shree Cement
7D
-4.7%
1Y
-18.6%
Narrative Update • May 24

SHREECEM: Higher Dividend Payout Will Support Perceived Undervalued Upside

Analysts have slightly reduced their price target for Shree Cement to ₹27,591.56 from ₹27,727.85, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News A board meeting is scheduled for May 6, 2026, to review audited standalone and consolidated financial results for the quarter and year ending March 31, 2026, and to consider a final dividend for the 2025-26 financial year, if any, on the equity shares (company filing).
500380
₹599.50
JK Lakshmi Cement
7D
2.0%
1Y
-26.5%
Narrative Update • May 23

500380: Softer Margins And P/E Will Likely Leave Shares Overvalued

Analysts have trimmed their price target for JK Lakshmi Cement from ₹618 to ₹556, citing updated assumptions for revenue growth, profit margins, and future P/E. These changes point to a more measured outlook for the stock.
532323
₹18.59
Shiva Cement
7D
7.8%
1Y
-38.2%