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Indian (NIFTY) Construction Materials Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies64
  • 7D5.2%
  • 3M7.5%
  • 1Y-4.1%
  • YTDn/a

The Construction Materials industry is up 4.3% in the last week, with UltraTech Cement up 5.5%. In the same time, Sanghi Industries was down 6.9%. In the past year, the industry is down 5.1%. As for the next few years, earnings are expected to grow by 6.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026₹9.8t₹4.7t₹267.1b30.1x36.8x2.1x
Sun, 17 May 2026₹9.7t₹4.7t₹262.6b25.1x37x2.1x
Tue, 14 Apr 2026₹9.6t₹4.6t₹251.7b24.5x38.1x2.1x
Thu, 12 Mar 2026₹9.6t₹4.6t₹247.6b24.3x38.6x2.1x
Sat, 07 Feb 2026₹10.6t₹4.5t₹241.2b28.2x44x2.4x
Mon, 05 Jan 2026₹10.5t₹4.4t₹261.8b30.3x40.1x2.4x
Wed, 03 Dec 2025₹10.2t₹4.4t₹261.8b30.6x39x2.3x
Fri, 31 Oct 2025₹10.8t₹4.3t₹230.0b34.3x47.2x2.5x
Sun, 28 Sep 2025₹10.7t₹4.3t₹212.6b34x50.3x2.5x
Tue, 26 Aug 2025₹11.1t₹4.3t₹226.0b32.9x49.2x2.6x
Thu, 24 Jul 2025₹11.0t₹4.1t₹211.3b44.6x51.9x2.7x
Sat, 21 Jun 2025₹10.0t₹4.1t₹201.8b40.6x49.8x2.4x
Mon, 19 May 2025₹10.5t₹4.0t₹199.3b37.8x52.5x2.6x
Wed, 16 Apr 2025₹10.2t₹4.0t₹201.9b31.9x50.3x2.6x
Fri, 14 Mar 2025₹9.0t₹4.0t₹202.2b30.5x44.3x2.3x
Sun, 09 Feb 2025₹9.7t₹3.9t₹209.2b33.5x46.6x2.5x
Tue, 07 Jan 2025₹9.7t₹3.9t₹203.2b36.9x47.7x2.5x
Thu, 05 Dec 2024₹10.2t₹3.9t₹203.1b41.1x50.4x2.6x
Sat, 02 Nov 2024₹9.9t₹3.9t₹222.6b33.7x44.7x2.5x
Mon, 30 Sep 2024₹10.4t₹3.9t₹239.4b32.2x43.6x2.7x
Wed, 28 Aug 2024₹10.1t₹3.9t₹239.3b31.2x42.1x2.6x
Fri, 26 Jul 2024₹10.4t₹3.9t₹249.5b33.7x41.8x2.7x
Sun, 23 Jun 2024₹9.9t₹3.9t₹248.6b29.8x39.8x2.5x
Tue, 21 May 2024₹9.4t₹3.9t₹241.6b32.5x38.8x2.4x
Thu, 18 Apr 2024₹8.9t₹3.8t₹234.5b32.6x37.9x2.3x
Sat, 16 Mar 2024₹8.8t₹3.8t₹234.4b28.9x37.5x2.3x
Mon, 12 Feb 2024₹9.2t₹3.8t₹233.8b34.9x39.3x2.4x
Wed, 10 Jan 2024₹8.9t₹3.8t₹216.9b36.9x41x2.4x
Fri, 08 Dec 2023₹8.7t₹3.8t₹216.9b36.1x40x2.3x
Sun, 05 Nov 2023₹7.7t₹3.7t₹208.4b31.9x37.2x2.1x
Tue, 03 Oct 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Thu, 31 Aug 2023₹7.6t₹3.7t₹184.0b32.6x41.1x2.1x
Sat, 29 Jul 2023₹7.5t₹3.6t₹191.3b32.6x39.2x2.1x
Mon, 26 Jun 2023₹7.4t₹3.6t₹185.8b28.8x39.7x2.1x
Price to Earnings Ratio

39.7x


Total Market Cap: ₹7.4tTotal Earnings: ₹185.8bTotal Revenue: ₹3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Materials Industry Price to Earnings3Y Average 42.9x202420252026
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 36.7x which is lower than its 3-year average PE of 42.9x.
  • 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 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 Market5.06%
Materials3.64%
Basic Materials5.25%
Construction Materials5.25%
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
ULTRACEMCO UltraTech Cement₹11.37k2.2%
+₹73.5b		-0.8%PE41x
532644 J.K. Cement₹5.49k13.0%
+₹48.7b		-3.8%PE42.8x
SHREECEM Shree Cement₹25.08k3.7%
+₹32.5b		-13.2%PE51.9x
GRASIM Grasim Industries₹3.15k1.4%
+₹29.9b		16.1%PE43x
DALBHARAT Dalmia Bharat₹1.72k3.5%
+₹10.9b		-15.8%PE28.3x

Latest News

502175
₹58.49
Saurashtra Cement
7D
-1.5%
1Y
-32.0%
532644
₹5,494.65
J.K. Cement
7D
13.0%
1Y
-3.8%
DALBHARAT
₹1,717.20
Dalmia Bharat
7D
3.5%
1Y
-15.8%
Narrative Update • Jun 18

DALBHARAT: Upcoming Dividend And Capital Raise Will Drive Bullish Re-Rating

The analyst price target for Dalmia Bharat has been revised lower from ₹2,900 to ₹2,522 as analysts factor in updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Dalmia Bharat Dalmia Bharat has scheduled a board meeting on 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 fiscal 2026.
GRASIM
₹3,149.50
Grasim Industries
7D
1.4%
1Y
16.1%
Narrative Update • Jun 17

GRASIM: Fairly Valued Stock With New Capacity Plans And Earnings Resilience

Analysts have kept their fair value estimate for Grasim Industries steady at ₹3,496.73 per share, with only slight adjustments to inputs such as the discount rate and future P/E assumptions informing this unchanged price target. What’s in the News for Grasim Industries Grasim Industries and Lubrizol inaugurated a CPVC resin manufacturing facility in Vilayat, Gujarat, creating one of India’s more scalable and integrated CPVC footprints and aiming to support plumbing and piping solutions for residential, commercial, and industrial uses.
500335
₹1,018.30
Birla
7D
7.3%
1Y
-19.6%
Narrative Update • Jun 16

500335: Upcoming Dividend And AGM Timeline Will Support Long Term Undervalued Thesis

Analysts have slightly increased Birla's fair value estimate from ₹1,274.23 to ₹1,275.77, reflecting modest adjustments to assumptions related to the discount rate, revenue growth, profit margin, and future P/E. What's in the News The board of directors has recommended a dividend of ₹12.50 per share (125%) on 77,005,347 ordinary shares for the Financial Year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting, according to a board decision dated May 9, 2026.
540575
₹213.25
Star Cement
7D
-2.4%
1Y
0.9%
Narrative Update • Jun 12

540575: Leadership Transitions And Forthcoming Results Are Expected To Support Confidence

Analysts have trimmed their fair value estimate for Star Cement slightly, from ₹367.59 to ₹363.08. This reflects small adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E multiples.
ULTRACEMCO
₹11,367.00
UltraTech Cement
7D
2.2%
1Y
-0.8%
SHREECEM
₹25,075.00
Shree Cement
7D
3.7%
1Y
-13.2%
Narrative Update • Jun 07

SHREECEM: Higher P/E Expectations And Dividends Will Shape Balanced Future Returns

Analysts have lifted their price target for Shree Cement from ₹21,386 to ₹22,392, citing updated assumptions on revenue growth, profit margins and future P/E that together support a higher fair value estimate, despite a slightly lower discount rate. What's in the News A board meeting is scheduled for May 6, 2026 to consider audited standalone and consolidated financial results for the quarter and year ending March 31, 2026, and to consider recommending a final dividend for FY 2025-26 on the equity shares of the company.
534076
₹381.65
RHI Magnesita India
7D
3.9%
1Y
-21.8%
532486
₹950.95
Pokarna
7D
12.5%
1Y
-8.4%
INDIACEM
₹374.85
India Cements
7D
-4.6%
1Y
22.4%
RAMCOIND
₹291.00
Ramco Industries
7D
-0.2%
1Y
12.3%
502137
₹570.00
Deccan Cements
7D
-0.7%
1Y
-22.1%
GSLSU
₹46.82
Global Surfaces
7D
-4.2%
1Y
-61.4%
513528
₹41.34
Glittek Granites
7D
-6.3%
1Y
648.9%
SANGHIIND
₹53.55
Sanghi Industries
7D
-6.9%
1Y
-1.1%