Indian (NIFTY) Construction Materials Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 22 Jul 2026	₹10.1t	₹4.7t	₹268.5b	31.7x	37.6x	2.1x
Fri, 19 Jun 2026	₹9.8t	₹4.7t	₹267.1b	30.1x	36.8x	2.1x
Sun, 17 May 2026	₹9.7t	₹4.7t	₹262.6b	25.1x	37x	2.1x
Tue, 14 Apr 2026	₹9.6t	₹4.6t	₹251.7b	24.5x	38.1x	2.1x
Thu, 12 Mar 2026	₹9.6t	₹4.6t	₹247.6b	24.3x	38.6x	2.1x
Sat, 07 Feb 2026	₹10.6t	₹4.5t	₹241.2b	28.2x	44x	2.4x
Mon, 05 Jan 2026	₹10.5t	₹4.4t	₹261.8b	30.3x	40.1x	2.4x
Wed, 03 Dec 2025	₹10.2t	₹4.4t	₹261.8b	30.6x	39x	2.3x
Fri, 31 Oct 2025	₹10.8t	₹4.3t	₹230.0b	34.3x	47.2x	2.5x
Sun, 28 Sep 2025	₹10.7t	₹4.3t	₹212.6b	34x	50.3x	2.5x
Tue, 26 Aug 2025	₹11.1t	₹4.3t	₹226.0b	32.9x	49.2x	2.6x
Thu, 24 Jul 2025	₹11.0t	₹4.1t	₹211.3b	44.6x	51.9x	2.7x
Sat, 21 Jun 2025	₹10.0t	₹4.1t	₹201.8b	40.6x	49.8x	2.4x
Mon, 19 May 2025	₹10.5t	₹4.0t	₹199.3b	37.8x	52.5x	2.6x
Wed, 16 Apr 2025	₹10.2t	₹4.0t	₹201.9b	31.9x	50.3x	2.6x
Fri, 14 Mar 2025	₹9.0t	₹4.0t	₹202.2b	30.5x	44.3x	2.3x
Sun, 09 Feb 2025	₹9.7t	₹3.9t	₹209.2b	33.5x	46.6x	2.5x
Tue, 07 Jan 2025	₹9.7t	₹3.9t	₹203.2b	36.9x	47.7x	2.5x
Thu, 05 Dec 2024	₹10.2t	₹3.9t	₹203.1b	41.1x	50.4x	2.6x
Sat, 02 Nov 2024	₹9.9t	₹3.9t	₹222.6b	33.7x	44.7x	2.5x
Mon, 30 Sep 2024	₹10.4t	₹3.9t	₹239.4b	32.2x	43.6x	2.7x
Wed, 28 Aug 2024	₹10.1t	₹3.9t	₹239.3b	31.2x	42.1x	2.6x
Fri, 26 Jul 2024	₹10.4t	₹3.9t	₹249.5b	33.7x	41.8x	2.7x
Sun, 23 Jun 2024	₹9.9t	₹3.9t	₹248.6b	29.8x	39.8x	2.5x
Tue, 21 May 2024	₹9.4t	₹3.9t	₹241.6b	32.5x	38.8x	2.4x
Thu, 18 Apr 2024	₹8.9t	₹3.8t	₹234.5b	32.6x	37.9x	2.3x
Sat, 16 Mar 2024	₹8.8t	₹3.8t	₹234.4b	28.9x	37.5x	2.3x
Mon, 12 Feb 2024	₹9.2t	₹3.8t	₹233.8b	34.9x	39.3x	2.4x
Wed, 10 Jan 2024	₹8.9t	₹3.8t	₹216.9b	36.9x	41x	2.4x
Fri, 08 Dec 2023	₹8.7t	₹3.8t	₹216.9b	36.1x	40x	2.3x
Sun, 05 Nov 2023	₹7.7t	₹3.7t	₹208.4b	31.9x	37.2x	2.1x
Tue, 03 Oct 2023	₹7.7t	₹3.7t	₹185.2b	30.7x	41.8x	2.1x
Thu, 31 Aug 2023	₹7.6t	₹3.7t	₹184.0b	32.6x	41.1x	2.1x
Sat, 29 Jul 2023	₹7.5t	₹3.6t	₹191.3b	32.6x	39.2x	2.1x

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 37.6x which is lower than its 3-year average PE of 42.8x.

The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.

Past Earnings Growth

The earnings for companies in the Construction Materials industry have grown 12% per year over the last three years.
Revenues for these companies have grown 9.5% 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	0.002%
Materials	0.54%
Basic Materials	1.64%
Construction Materials	1.64%

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?

Company	Last Price	7D	1Y	Valuation
ULTRACEMCO UltraTech Cement	₹12.09k	5.2% +₹175.9b	-2.9%	PE41.7x
GRASIM Grasim Industries	₹3.18k	2.1% +₹44.4b	16.8%	PE43.4x
SHREECEM Shree Cement	₹27.25k	3.7% +₹34.8b	-15.8%	PE56.4x
500425 Ambuja Cements	₹440.90	2.6% +₹27.3b	-28.9%	PE23.2x
532644 J.K. Cement	₹5.66k	5.7% +₹23.4b	-12.8%	PE46.2x

Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND).

Ambuja Cements Limited (BSE:500425) agreed to acquire remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) for INR 7.4 billion on December 17, 2024. The consideration consists of 12.99 million common equity of Ambuja Cements Limited at a ratio of 0.12 per common equity of Sanghi Industries Limited. Before completion, Ambuja Cements Limited owns 58.08% stake in Sanghi Industries Limited. Upon completion, Ambuja Cements Limited will own 100% stake in Sanghi Industries Limited. The transaction is subject to board, shareholder, creditors and statutory approval and approval of National Company Law Tribunal. Board of Ambuja Cements Limited approved the acquisition. As on July 17, 2025, National Stock Exchange approved the transaction. As of July 18, 2025, Sanghi Industries has also received observation letter dated July 17, 2025 with ‘no adverse objection’ from BSE Limited. As per the announcement dated January 30, 2026 both companies conducted their respective shareholder meetings on November 20, 2025. The NCLT hearing completed on January 29, 2026. The outcome of the matter is awaited as on the time of approval of this financial results. The entire process is expected to be completed by March 2026. NCLT approved the transaction on February 09, 2026. Vivro Financial Services Private Limited acted as fairness opinion provider to Sanghi Industries Limited. MUFG Intime India Private Limited acted as transfer agent and registrar for Ambuja Cements Limited. Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) on March 12, 2026. Ambuja Cements Limited & Sanghi Industries Limited have filed the certified copy of the NCLT Order with the Registrar of Companies, Ahmedabad, Gujarat today. With this filing, the Company and theTransferor Company have now complied with all the conditions specified in Clause 3.3 of the Scheme. Accordingly, the Scheme has become effective on March 12, 2026 and consequently, Transferor Company stands amalgamated with the Company and dissolved without being wound up. In accordance with the Scheme, the Appointed Date of the Scheme is April 1, 2024. Further, in accordance with the Scheme and pursuant to its effectiveness, the equity shareholders of the Transferor Company whose name appears in the Register of Members of the Transferor Company as on April 6, 2026 will be entitled for allotment of equity shares of the Company.

Indian (NIFTY) Construction Materials Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

IFGL Refractories' (NSE:IFGLEXPOR) Soft Earnings Are Actually Better Than They Appear

UltraTech Cement Limited, Annual General Meeting, Aug 17, 2026

500425: Upcoming Board Review Of Quarterly Results Will Drive Next Rally

Consensus EPS estimates increase by 32%

First quarter 2027 earnings released: EPS: ₹35.91 (vs ₹41.99 in 1Q 2026)

Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2027 earnings released: EPS: ₹0.87 (vs ₹4.21 loss in 1Q 2026)

Dalmia Bharat Limited to Report Q1, 2027 Results on Jul 24, 2026

Investors Shouldn't Be Too Comfortable With Shree Cement's (NSE:SHREECEM) Earnings

Full year 2026 earnings released: EPS: ₹15.29 (vs ₹11.41 in FY 2025)

Upcoming dividend of ₹0.60 per share

Now 20% undervalued after recent price drop

Investor sentiment improves as stock rises 17%

Full year 2026 earnings: EPS in line with expectations, revenues disappoint

Full year 2026 earnings released: ₹7.18 loss per share (vs ₹6.73 loss in FY 2025)

Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND).