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

Indian (NIFTY) Construction Materials Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies64
  • 7D4.6%
  • 3M-8.8%
  • 1Y-7.9%
  • YTDn/a

Over the last 7 days, the Construction Materials industry has risen 4.0%, driven by gains from UltraTech Cement of 5.2%. Meanwhile, Sanghi Industries actually underperformed within the industry, shrinking 6.9% in the last week. However, the industry is down 5.7% over the past year. 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
Wed, 15 Apr 2026₹9.6t₹4.6t₹251.7b24.5x38.1x2.1x
Fri, 13 Mar 2026₹9.4t₹4.6t₹247.6b24.2x37.9x2x
Sun, 08 Feb 2026₹10.6t₹4.5t₹242.8b28x43.8x2.4x
Tue, 06 Jan 2026₹10.6t₹4.4t₹261.8b30.2x40.5x2.4x
Thu, 04 Dec 2025₹10.1t₹4.4t₹261.8b30.3x38.7x2.3x
Sat, 01 Nov 2025₹10.7t₹4.3t₹230.0b34.3x46.7x2.5x
Mon, 29 Sep 2025₹10.7t₹4.3t₹212.6b34x50.3x2.5x
Wed, 27 Aug 2025₹11.1t₹4.3t₹226.0b32.3x49x2.6x
Fri, 25 Jul 2025₹10.9t₹4.1t₹211.3b44.5x51.7x2.6x
Sun, 22 Jun 2025₹10.0t₹4.1t₹201.8b40.6x49.8x2.4x
Tue, 20 May 2025₹10.4t₹4.0t₹199.1b38.3x52.4x2.6x
Thu, 17 Apr 2025₹10.1t₹4.0t₹201.9b32.1x50.2x2.6x
Sat, 15 Mar 2025₹9.0t₹4.0t₹202.2b30.5x44.3x2.3x
Mon, 10 Feb 2025₹9.7t₹3.9t₹209.2b36.2x46.6x2.5x
Wed, 08 Jan 2025₹9.8t₹3.9t₹203.2b37.2x48.1x2.5x
Fri, 06 Dec 2024₹10.3t₹3.9t₹203.1b41x50.5x2.6x
Sun, 03 Nov 2024₹9.9t₹3.9t₹222.6b33.7x44.7x2.5x
Tue, 01 Oct 2024₹10.4t₹3.9t₹239.4b32.2x43.5x2.7x
Thu, 29 Aug 2024₹10.0t₹3.9t₹239.3b32.2x41.9x2.6x
Sat, 27 Jul 2024₹10.6t₹3.9t₹249.1b34.3x42.5x2.7x
Mon, 24 Jun 2024₹9.9t₹3.9t₹248.6b29.8x39.8x2.5x
Wed, 22 May 2024₹9.4t₹3.9t₹243.5b32.6x38.6x2.4x
Fri, 19 Apr 2024₹8.8t₹3.8t₹234.5b33.2x37.5x2.3x
Sun, 17 Mar 2024₹8.8t₹3.8t₹234.4b28.9x37.5x2.3x
Tue, 13 Feb 2024₹9.1t₹3.8t₹233.8b33.4x38.9x2.4x
Thu, 11 Jan 2024₹8.8t₹3.8t₹216.9b37.9x40.8x2.3x
Sat, 09 Dec 2023₹8.6t₹3.8t₹216.9b36.2x39.8x2.3x
Mon, 06 Nov 2023₹7.7t₹3.7t₹208.4b31.9x37.2x2.1x
Wed, 04 Oct 2023₹7.7t₹3.7t₹185.2b30.5x41.8x2.1x
Fri, 01 Sep 2023₹7.5t₹3.7t₹184.0b32.3x40.9x2x
Sun, 30 Jul 2023₹7.5t₹3.6t₹191.3b32.6x39.2x2.1x
Tue, 27 Jun 2023₹7.4t₹3.6t₹185.8b29.3x39.8x2.1x
Thu, 25 May 2023₹7.1t₹3.5t₹208.5b24.6x33.9x2x
Sat, 22 Apr 2023₹6.8t₹3.5t₹208.7b24.6x32.4x2x
Price to Earnings Ratio

32.4x


Total Market Cap: ₹6.8tTotal Earnings: ₹208.7bTotal Revenue: ₹3.5tTotal 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 38.1x 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 6.5% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market4.48%
Materials4.71%
Basic Materials4.58%
Construction Materials4.58%
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₹11.50k5.2%
+₹166.5b		-1.9%PE44.1x
GRASIM Grasim Industries₹2.71k3.5%
+₹62.4b		-0.2%PE40.9x
500425 Ambuja Cements₹441.054.9%
+₹51.4b		-21.1%PE29.5x
SHREECEM Shree Cement₹24.30k4.1%
+₹34.3b		-21.9%PE48.9x
DALBHARAT Dalmia Bharat₹1.95k6.1%
+₹21.0b		4.2%PE30.8x

Latest News

ACC
₹1,410.50
ACC
7D
5.3%
1Y
-31.1%
500425
₹441.05
Ambuja Cements
7D
4.9%
1Y
-21.1%
DALBHARAT
₹1,947.60
Dalmia Bharat
7D
6.1%
1Y
4.2%

DALBHARAT: Upcoming Results Meeting Will Shape View On Earnings And Future P/E

Analysts have reduced their price target on Dalmia Bharat from ₹2,015 to about ₹1,885, reflecting updated assumptions regarding discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Dalmia Bharat has scheduled a board meeting for Jan 21, 2026, at 13:40 Indian Standard Time.
544265
₹92.00
Nexxus Petro Industries
7D
-22.0%
1Y
-22.0%
SPRL
₹104.65
SP Refractories
7D
-9.7%
1Y
-17.6%
532486
₹888.05
Pokarna
7D
-0.9%
1Y
-2.5%
GRASIM
₹2,713.00
Grasim Industries
7D
3.5%
1Y
-0.2%

GRASIM: Upcoming Leadership Appointments Will Support Governance Stability And Earnings Resilience

Analysts have modestly adjusted their fair value estimate for Grasim Industries from ₹3,435.55 to ₹3,413.73, reflecting updated assumptions on the discount rate, growth, and profitability. What's in the News A board meeting is scheduled for Jan 16, 2026 to consider appointing Mr. Sachin Sahay as Chief Executive Officer of Birla Opus Paints and as Senior Management Personnel of the company, effective Feb 16, 2026 (Key Developments).
SHREECEM
₹24,300.00
Shree Cement
7D
4.1%
1Y
-21.9%

SHREECEM: Upcoming Board Decisions Will Support Undervalued Long Term Upside

Analysts have adjusted their view on Shree Cement, trimming the price target slightly from ₹28,602.53 to ₹28,479.03. This reflects a modestly higher discount rate, a marginally lower profit margin outlook, and a broadly unchanged revenue growth assumption alongside a similar forward P/E multiple.
532644
₹5,447.80
J.K. Cement
7D
3.4%
1Y
7.6%

532644: Planned Capacity Additions Will Support Future Upside Potential

Analysts have trimmed their price target for J.K. Cement slightly, with updated assumptions on fair value to ₹6,555.59, a modestly higher discount rate and small tweaks to revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled on Jan 16, 2026 to review a proposed 1.00 MnTPA cement grinding capacity addition at JK Cement Works, Panna, and another 1.00 MnTPA cement grinding capacity addition at JK Cement Works, Hamirpur (company filing).
ULTRACEMCO
₹11,502.00
UltraTech Cement
7D
5.2%
1Y
-1.9%

ULTRACEMCO: Expanding Capacity Will Drive Future Upside Despite Ongoing GST Disputes

The analyst fair value estimate for UltraTech Cement has moved slightly from ₹14,090.92 to ₹14,044.87, with the adjustment linked to modest tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions as analysts refine their models. What's in the News UltraTech Cement received multiple GST orders from state and central authorities in Maharashtra, Tamil Nadu and Haryana related to alleged ineligible or excess Input Tax Credit and supplies to customers later deemed non existent, with combined tax demands, interest and penalties across various years that the company plans to contest, while indicating it does not expect a material financial impact.
531338
₹16.70
Milestone Global
7D
-4.8%
1Y
-27.5%
SANGHIIND
₹53.55
Sanghi Industries
7D
-6.9%
1Y
-1.1%
518011
₹50.47
Keerthi Industries
7D
-4.2%
1Y
-33.6%
RAMCOCEM
₹995.25
Ramco Cements
7D
5.4%
1Y
2.7%
531168
₹175.00
Associated Ceramics
7D
-3.8%
1Y
-16.6%
540072
₹11.51
Shiva Granito Export
7D
-18.9%
1Y
-35.0%