Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Construction Materials Industry Analysis

UpdatedAug 21, 2026
DataAggregated Company Financials
Companies63
  • 7D-0.8%
  • 3M-0.4%
  • 1Y-13.0%
  • YTDn/a

In the last week, Construction Materials has been flat. Unfortunately though, the industry is down 13% over the past 12 months. Looking forward, earnings are forecast to grow by 7.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Aug 2026₹9.9t₹4.9t₹284.6b31.2x34.7x2x
Sun, 19 Jul 2026₹10.0t₹4.7t₹267.4b31.1x37.5x2.1x
Tue, 16 Jun 2026₹9.8t₹4.7t₹267.1b30.6x36.7x2.1x
Thu, 14 May 2026₹9.8t₹4.7t₹261.6b24.5x37.3x2.1x
Sat, 11 Apr 2026₹9.7t₹4.6t₹251.7b24.7x38.5x2.1x
Mon, 09 Mar 2026₹9.8t₹4.6t₹247.6b25.3x39.8x2.1x
Wed, 04 Feb 2026₹10.5t₹4.5t₹239.5b28.1x43.9x2.3x
Fri, 02 Jan 2026₹10.5t₹4.4t₹261.8b30.2x39.9x2.4x
Sun, 30 Nov 2025₹10.2t₹4.4t₹261.8b31.2x39.1x2.3x
Tue, 28 Oct 2025₹10.8t₹4.3t₹227.6b33.9x47.4x2.5x
Thu, 25 Sep 2025₹11.0t₹4.3t₹212.6b35x51.5x2.6x
Sat, 23 Aug 2025₹11.1t₹4.3t₹226.0b33.2x49.1x2.6x
Mon, 21 Jul 2025₹10.9t₹4.1t₹201.8b44.9x53.8x2.6x
Wed, 18 Jun 2025₹10.1t₹4.1t₹201.8b41.4x50.3x2.5x
Fri, 16 May 2025₹10.4t₹4.0t₹197.9b37.2x52.6x2.6x
Sun, 13 Apr 2025₹9.9t₹4.0t₹202.2b31.6x49x2.5x
Tue, 11 Mar 2025₹9.1t₹4.0t₹202.2b31.5x44.9x2.3x
Thu, 06 Feb 2025₹9.8t₹3.9t₹209.0b33.9x46.8x2.5x
Sat, 04 Jan 2025₹9.9t₹3.9t₹203.2b37.3x48.8x2.5x
Mon, 02 Dec 2024₹9.8t₹3.9t₹203.1b38.6x48.1x2.5x
Wed, 30 Oct 2024₹9.9t₹3.9t₹226.1b32.9x43.6x2.5x
Fri, 27 Sep 2024₹10.4t₹3.9t₹239.4b32.4x43.6x2.7x
Sun, 25 Aug 2024₹10.1t₹3.9t₹239.3b33.8x42.3x2.6x
Tue, 23 Jul 2024₹10.5t₹3.9t₹249.5b33.2x42.1x2.7x
Thu, 20 Jun 2024₹10.0t₹3.9t₹248.5b33.1x40.3x2.6x
Sat, 18 May 2024₹9.4t₹3.9t₹241.9b30.9x38.8x2.4x
Mon, 15 Apr 2024₹9.0t₹3.8t₹234.5b30.2x38.3x2.3x
Wed, 13 Mar 2024₹8.8t₹3.8t₹234.4b30x37.5x2.3x
Fri, 09 Feb 2024₹9.1t₹3.8t₹242.3b35x37.4x2.4x
Sun, 07 Jan 2024₹9.0t₹3.8t₹216.9b37.9x41.6x2.4x
Tue, 05 Dec 2023₹8.5t₹3.8t₹216.9b34.2x39.3x2.3x
Thu, 02 Nov 2023₹7.6t₹3.7t₹198.1b32.7x38.3x2x
Sat, 30 Sep 2023₹7.7t₹3.7t₹185.2b30.7x41.8x2.1x
Mon, 28 Aug 2023₹7.4t₹3.7t₹184.0b31.3x40.3x2x
Price to Earnings Ratio

40.3x


Total Market Cap: ₹7.4tTotal Earnings: ₹184.0bTotal Revenue: ₹3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Materials Industry Price to Earnings3Y Average 42.8x202420252026
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 34.7x 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 2.0x.
Past Earnings Growth
  • The earnings for companies in the Construction Materials industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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-0.52%
Materials-0.75%
Basic Materials-0.85%
Construction Materials-0.85%
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₹3.31k1.8%
+₹40.2b		17.6%PE39.4x
DALBHARAT Dalmia Bharat₹1.88k2.1%
+₹7.1b		-19.2%PE37.7x
502157 Mangalam Cement₹1.03k14.6%
+₹3.6b		40.3%PE24.6x
500338 Prism Johnson₹107.902.7%
+₹1.4b		-27.9%PE24.3x
500380 JK Lakshmi Cement₹558.851.8%
+₹1.2b		-39.5%PE18.8x

Latest News

540575
₹194.65
Star Cement
7D
-2.6%
1Y
-29.8%
ACC
₹1,307.40
ACC
7D
-1.1%
1Y
-28.2%
Narrative Update • Aug 20

ACC: Weaker Margin Outlook Will Likely Outweigh Upcoming Results Catalyst

Analysts now place ACC's fair value at ₹1,150 compared with the previous ₹1,200. This reflects updated assumptions that combine a slightly lower discount rate and higher future P/E with revised expectations for revenue growth and profit margins.
MONOLITH
₹999.40
Monolithisch India
7D
5.2%
1Y
151.0%
500425
₹414.90
Ambuja Cements
7D
-0.6%
1Y
-28.1%
Narrative Update • Aug 18

500425: Upcoming Quarterly Results Meeting Will Support Bullish Case

Analysts have trimmed their price target for Ambuja Cements from about ₹641 to about ₹599, citing updated assumptions that combine a slightly lower discount rate with revised expectations for revenue growth, profit margins and future P/E levels. What’s in the News for Ambuja Cements Ambuja Cements has scheduled a board meeting for July 28, 2026.
JSWCEMENT
₹126.04
JSW Cement
7D
-3.1%
1Y
-17.7%
Analysis Article • Aug 17

Results: JSW Cement Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

JSW Cement Limited ( NSE:JSWCEMENT ) investors will be delighted, with the company turning in some strong numbers with...
GRASIM
₹3,308.00
Grasim Industries
7D
1.8%
1Y
17.6%
Narrative Update • Aug 13

GRASIM: Capacity Expansion And Margin Improvements Will Support Future Upside

Analysts have raised their fair value estimate for Grasim Industries from ₹3,589.50 to ₹3,837.50, citing updated assumptions that include a slightly lower discount rate, weaker revenue growth expectations, improved profit margin forecasts, and a higher future P/E multiple. What's in the News Grasim Industries has scheduled a board meeting on August 12, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
MIDWESTLTD
₹1,141.00
Midwest
7D
1.4%
1Y
n/a
500338
₹107.90
Prism Johnson
7D
2.7%
1Y
-27.9%
502157
₹1,025.55
Mangalam Cement
7D
14.6%
1Y
40.3%
500380
₹558.85
JK Lakshmi Cement
7D
1.8%
1Y
-39.5%
ULTRACEMCO
₹11,570.00
UltraTech Cement
7D
-0.4%
1Y
-8.1%
Narrative Update • Aug 05

ULTRACEMCO: Dividend Commitment And Board Actions Will Support Future Upside

Analysts have raised their fair value estimate for UltraTech Cement from about ₹13,636 to roughly ₹13,912, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that together support a higher price target. What's in the News UltraTech Cement has announced an annual dividend of ₹240.00 per share, with the dividend payable on September 16, 2026.
KCP
₹163.83
KCP
7D
4.9%
1Y
-19.9%
NUVOCO
₹322.05
Nuvoco Vistas
7D
-2.9%
1Y
-29.6%
Narrative Update • Aug 05

NUVOCO: Revised Assumptions Will Support Future Upside Potential

The analyst price target for Nuvoco Vistas has been revised from about ₹399 to about ₹436, with analysts highlighting updated assumptions on discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News for Nuvoco Vistas Nuvoco Vistas approved the appointment of M/s.
SHREECEM
₹24,280.00
Shree Cement
7D
-2.1%
1Y
-19.1%
Narrative Update • Aug 03

SHREECEM: Rich P/E And One-Off Dividend Will Limit Future Returns

Shree Cement’s analyst fair value estimate has moved modestly higher from about ₹22,392 to roughly ₹22,948. Analysts point to updated assumptions around revenue growth, profit margins and a lower forward P/E multiple as key drivers of the change.
532644
₹5,254.90
J.K. Cement
7D
-0.9%
1Y
-23.2%
DALBHARAT
₹1,880.00
Dalmia Bharat
7D
2.1%
1Y
-19.2%