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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies67
  • 7D-1.6%
  • 3M-9.1%
  • 1Y1.1%
  • YTD1.9%

Over the last 7 days, the Basic Materials industry has dropped 1.6%, driven by UltraTech Cement declining 1.9%. On the other hand India Cements is actually up 5.8%. As for the longer term, the industry's performance has been flat for 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 Basic Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025₹10.2t₹4.4t₹261.8b29x38.8x2.3x
Mon, 17 Nov 2025₹10.4t₹4.5t₹261.8b32.1x39.9x2.3x
Wed, 15 Oct 2025₹10.7t₹4.3t₹212.6b32.9x50.5x2.5x
Fri, 12 Sep 2025₹11.0t₹4.3t₹212.6b34.2x51.5x2.6x
Sun, 10 Aug 2025₹10.7t₹4.2t₹226.7b33.2x47x2.5x
Tue, 08 Jul 2025₹10.8t₹4.1t₹201.8b45.4x53.3x2.6x
Thu, 05 Jun 2025₹9.9t₹4.1t₹202.0b40.9x49.1x2.4x
Sat, 03 May 2025₹9.9t₹4.0t₹199.4b35.5x49.9x2.5x
Mon, 31 Mar 2025₹9.9t₹4.0t₹202.2b29.9x48.8x2.5x
Wed, 26 Feb 2025₹9.2t₹4.0t₹202.2b31.9x45.3x2.3x
Fri, 24 Jan 2025₹9.7t₹3.9t₹201.6b37.6x48.1x2.5x
Sun, 22 Dec 2024₹9.8t₹3.9t₹203.2b37.2x48.2x2.5x
Tue, 19 Nov 2024₹9.4t₹3.9t₹203.1b37.2x46.1x2.4x
Thu, 17 Oct 2024₹10.0t₹3.9t₹239.4b33.1x41.9x2.6x
Sat, 14 Sep 2024₹10.4t₹3.9t₹239.3b32.8x43.4x2.7x
Mon, 12 Aug 2024₹9.9t₹3.9t₹239.7b33.8x41.4x2.5x
Wed, 10 Jul 2024₹10.5t₹3.9t₹248.6b33.9x42.3x2.7x
Fri, 07 Jun 2024₹9.3t₹3.9t₹248.5b28.2x37.5x2.4x
Sun, 05 May 2024₹9.4t₹3.8t₹250.4b33.1x37.6x2.4x
Tue, 02 Apr 2024₹9.2t₹3.8t₹234.4b30.8x39.1x2.4x
Thu, 29 Feb 2024₹9.0t₹3.8t₹234.5b32.1x38.4x2.3x
Sat, 27 Jan 2024₹9.0t₹3.8t₹232.1b37.9x38.9x2.4x
Mon, 25 Dec 2023₹8.8t₹3.8t₹216.9b35.9x40.6x2.3x
Wed, 22 Nov 2023₹8.0t₹3.8t₹216.6b31x36.8x2.1x
Fri, 20 Oct 2023₹7.9t₹3.7t₹185.8b33.1x42.6x2.2x
Sun, 17 Sep 2023₹8.0t₹3.7t₹185.2b31.5x43.3x2.2x
Tue, 15 Aug 2023₹7.4t₹3.7t₹185.7b32x39.9x2x
Thu, 13 Jul 2023₹7.4t₹3.6t₹185.8b30.6x39.8x2.1x
Sat, 10 Jun 2023₹7.5t₹3.6t₹185.8b33.9x40.2x2.1x
Mon, 08 May 2023₹7.1t₹3.5t₹208.7b24.5x33.8x2x
Wed, 05 Apr 2023₹6.9t₹3.4t₹210.3b22.4x32.8x2x
Fri, 03 Mar 2023₹6.8t₹3.4t₹210.0b23.6x32.1x2x
Sun, 29 Jan 2023₹6.4t₹3.4t₹206.3b23.6x31.1x1.9x
Tue, 27 Dec 2022₹7.0t₹3.3t₹214.1b24x32.5x2.1x
Price to Earnings Ratio

32.5x


Total Market Cap: ₹7.0tTotal Earnings: ₹214.1bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Basic 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 38.8x which is lower than its 3-year average PE of 42.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have grown 6.9% per year over the last three years.
  • Revenues for these companies have grown 10.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market-0.11%
Materials-0.34%
Basic Materials-1.57%
Construction Materials-1.57%
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
INDIACEM India Cements₹438.005.8%
+₹7.4b		29.1%PE421.3x
NUVOCO Nuvoco Vistas₹361.004.6%
+₹5.6b		2.3%PE47.1x
534076 RHI Magnesita India₹457.103.3%
+₹3.0b		-10.5%PE60x
500338 Prism Johnson₹135.153.5%
+₹2.3b		-22.8%PE37.2x
MIDWESTLTD Midwest₹1.50k2.9%
+₹1.5b		n/aPE48.4x

Latest News

GRASIM
₹2,812.50
Grasim Industries
7D
-0.9%
1Y
13.0%

GRASIM: Renewable Energy Investments Will Support Long Term Captive Power Savings

Analysts have modestly raised their fair value estimate for Grasim Industries from ₹3,293 to ₹3,302, reflecting slightly lower perceived risk and stable long term growth and margin assumptions despite limited new Street Research inputs. What's in the News A board meeting is scheduled on December 9, 2025 to consider a proposal for Essel Mining and Industries to infuse INR 5,000 million into wholly owned subsidiary Aditya Birla Renewables via a preferential equity issue within FY 2026 to meet urgent business needs (Key Developments).
NUVOCO
₹361.00
Nuvoco Vistas
7D
4.6%
1Y
2.3%

NUVOCO: Planned Energy Acquisition Will Drive Future Upside Potential

Analysts have trimmed their price target on Nuvoco Vistas slightly, reducing fair value by about ₹0.90 per share as they factor in a marginally higher discount rate, slightly softer revenue growth expectations, and a modestly lower projected profit margin, which is only partially offset by a higher anticipated future P/E multiple. What's in the News Nuvoco Vistas plans a private placement of convertible debentures to raise INR 6,000 crore, providing funding flexibility for growth and balance sheet needs (company announcement).
SHREECEM
₹25,600.00
Shree Cement
7D
-2.6%
1Y
-5.4%

SHREECEM: Interim Dividend And Governance Moves Will Shape Balanced Outlook

Analysts have modestly raised their price target for Shree Cement to ₹24,469 from ₹23,230, citing expectations of slightly higher long term profitability and a lower future price to earnings multiple, despite trimming revenue growth assumptions and applying a higher discount rate. What's in the News Board meeting scheduled on October 28, 2025, to approve unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025, and to consider an interim dividend of INR 80 per equity share for FY 2025 to 2026 (company filing) Record date for the proposed interim dividend set as Monday, November 3, 2025, determining shareholder eligibility for the INR 80 per share payout (company filing) Special or extraordinary shareholders meeting on December 12, 2025, via postal ballot in India, to consider the appointment of Mr. Chandra Kumar Dhanuka as a non executive independent director (company filing) Valuation Changes Fair Value: Raised slightly to ₹24,469 from ₹23,230, reflecting a modestly more optimistic view on long term earnings.
DALBHARAT
₹2,015.30
Dalmia Bharat
7D
-2.7%
1Y
11.8%

We Think Dalmia Bharat (NSE:DALBHARAT) Can Stay On Top Of Its Debt

Dec 14
We Think Dalmia Bharat (NSE:DALBHARAT) Can Stay On Top Of Its Debt
ULTRACEMCO
₹11,496.00
UltraTech Cement
7D
-1.9%
1Y
0.6%

Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?

Dec 13
Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?
500380
₹784.05
JK Lakshmi Cement
7D
0.5%
1Y
-5.8%

500380: Earnings Multiple Will Likely Offset Slight Margin And Growth Headwinds

Analysts have raised their price target on JK Lakshmi Cement from ₹685 to ₹760, citing expectations of a higher future earnings multiple that more than offsets slightly softer assumptions on revenue growth and profit margins. What's in the News The board of directors is scheduled to meet on November 6, 2025, to consider and approve unaudited financial results for the quarter ended September 30, 2025 (company filing).
INDIACEM
₹438.00
India Cements
7D
5.8%
1Y
29.1%
500425
₹539.70
Ambuja Cements
7D
-1.5%
1Y
-1.7%
532644
₹5,422.85
J.K. Cement
7D
-5.3%
1Y
20.1%

532644: Index Inclusion Will Drive Future Upside

Analysts have nudged their fair value estimate for J.K. Cement slightly higher to approximately ₹6,619 from about ₹6,610, citing marginally stronger long term revenue growth assumptions that more than offset a modest increase in the discount rate and a slightly lower projected profit margin. What's in the News J.K. Cement has scheduled a special and extraordinary shareholders meeting on December 10, 2025, to be conducted via postal ballot in India (company announcement).
502157
₹777.65
Mangalam Cement
7D
2.8%
1Y
-15.3%
MIDWESTLTD
₹1,503.00
Midwest
7D
2.9%
1Y
n/a
ACC
₹1,751.50
ACC
7D
-1.1%
1Y
-15.1%

ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
500338
₹135.15
Prism Johnson
7D
3.5%
1Y
-22.8%
JSWCEMENT
₹115.87
JSW Cement
7D
-4.4%
1Y
n/a

JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt

Nov 19
JSW Cement (NSE:JSWCEMENT) Takes On Some Risk With Its Use Of Debt
502137
₹765.45
Deccan Cements
7D
2.3%
1Y
23.1%
534076
₹457.10
RHI Magnesita India
7D
3.3%
1Y
-10.5%