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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies67
  • 7D1.6%
  • 3M-8.9%
  • 1Y-2.2%
  • YTD2.5%

Over the last 7 days, the Basic Materials industry has risen 1.6%, driven by gains from UltraTech Cement of 2.0%. Overall in the last year, the industry is flat. 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
Thu, 18 Dec 2025₹10.2t₹4.4t₹261.8b29.7x39.1x2.3x
Sat, 15 Nov 2025₹10.4t₹4.5t₹261.4b30.8x39.9x2.3x
Mon, 13 Oct 2025₹10.9t₹4.3t₹212.6b33.6x51.1x2.5x
Wed, 10 Sep 2025₹11.1t₹4.3t₹212.6b34.4x52x2.6x
Fri, 08 Aug 2025₹10.8t₹4.2t₹221.8b40.6x48.6x2.6x
Sun, 06 Jul 2025₹10.8t₹4.1t₹201.8b45.9x53.8x2.6x
Tue, 03 Jun 2025₹10.0t₹4.1t₹201.8b41.8x49.3x2.4x
Thu, 01 May 2025₹10.0t₹4.0t₹198.8b34.3x50.2x2.5x
Sat, 29 Mar 2025₹9.9t₹4.0t₹202.2b29.9x48.7x2.5x
Mon, 24 Feb 2025₹9.3t₹4.0t₹202.2b33.5x46.1x2.4x
Wed, 22 Jan 2025₹9.3t₹3.9t₹203.1b37x45.8x2.4x
Fri, 20 Dec 2024₹10.0t₹3.9t₹203.2b37.9x49.3x2.6x
Sun, 17 Nov 2024₹9.4t₹3.9t₹203.1b37.9x46.3x2.4x
Tue, 15 Oct 2024₹10.0t₹3.9t₹239.4b32.8x41.7x2.5x
Thu, 12 Sep 2024₹10.2t₹3.9t₹239.3b32.4x42.6x2.6x
Sat, 10 Aug 2024₹9.9t₹3.9t₹242.9b32.1x40.8x2.5x
Mon, 08 Jul 2024₹10.5t₹3.9t₹248.6b33.2x42.3x2.7x
Wed, 05 Jun 2024₹8.9t₹3.9t₹244.2b27.8x36.6x2.3x
Fri, 03 May 2024₹9.4t₹3.8t₹250.4b34x37.5x2.4x
Sun, 31 Mar 2024₹9.0t₹3.8t₹234.4b30.1x38.2x2.3x
Tue, 27 Feb 2024₹9.2t₹3.8t₹234.5b34.6x39.1x2.4x
Thu, 25 Jan 2024₹8.9t₹3.8t₹226.7b37.9x39.2x2.3x
Sat, 23 Dec 2023₹8.8t₹3.8t₹216.9b35.9x40.6x2.3x
Mon, 20 Nov 2023₹8.0t₹3.8t₹216.5b32.8x36.9x2.1x
Wed, 18 Oct 2023₹7.9t₹3.7t₹185.2b31.8x42.7x2.2x
Fri, 15 Sep 2023₹8.0t₹3.7t₹185.2b32x43.1x2.2x
Sun, 13 Aug 2023₹7.5t₹3.7t₹186.4b34.3x40.5x2.1x
Tue, 11 Jul 2023₹7.4t₹3.6t₹185.8b31.5x39.8x2.1x
Thu, 08 Jun 2023₹7.5t₹3.6t₹185.8b31.8x40.6x2.1x
Sat, 06 May 2023₹7.0t₹3.5t₹199.4b25.2x35.3x2x
Mon, 03 Apr 2023₹6.9t₹3.4t₹210.3b22.3x32.6x2x
Wed, 01 Mar 2023₹6.6t₹3.4t₹210.0b24.4x31.5x1.9x
Fri, 27 Jan 2023₹6.7t₹3.4t₹206.8b24x32.3x2x
Sun, 25 Dec 2022₹7.0t₹3.3t₹214.1b22.9x32.5x2.1x
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 42x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Basic Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 42.0x.
  • 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 Market0.36%
Materials2.21%
Basic Materials1.63%
Construction Materials1.63%
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₹11.54k2.0%
+₹65.6b		-1.9%PE46.5x
GRASIM Grasim Industries₹2.81k2.2%
+₹40.6b		8.2%PE44.4x
500425 Ambuja Cements₹541.152.2%
+₹28.4b		-4.2%PE23.7x
DALBHARAT Dalmia Bharat₹2.07k6.6%
+₹24.3b		10.4%PE34.6x
INDIACEM India Cements₹441.056.4%
+₹8.3b		29.7%PE424.2x

Latest News

502175
₹80.44
Saurashtra Cement
7D
-2.7%
1Y
-26.8%
DALBHARAT
₹2,073.90
Dalmia Bharat
7D
6.6%
1Y
10.4%

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
₹11,540.00
UltraTech Cement
7D
2.0%
1Y
-1.9%

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
₹766.75
JK Lakshmi Cement
7D
-0.2%
1Y
-12.7%

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).
540575
₹216.70
Star Cement
7D
-0.5%
1Y
-5.8%

540575: Upcoming Fundraising Plans Will Support A Positive Long Term Outlook

Analysts have modestly trimmed their price target on Star Cement from ₹360 to about ₹357 per share, citing slightly lower forecasts for revenue growth and profit margins, alongside a marginally higher discount rate and a small reduction in expected future valuation multiples. What's in the News Board meeting scheduled for October 14, 2025, to evaluate multiple options for raising funds, including bonds, debentures, non convertible debt, equity shares, warrants, and other instruments, subject to regulatory and shareholder approvals (company filing) Extraordinary shareholders meeting via postal ballot on November 17, 2025, to seek approval for raising funds through issuance of securities (company filing) Board meeting on November 4, 2025, to consider and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025, along with limited review reports (company filing) Valuation Changes Consensus Analyst Price Target, represented by fair value, has fallen slightly from ₹360.0 to about ₹356.5 per share.
INDIACEM
₹441.05
India Cements
7D
6.4%
1Y
29.7%
NUVOCO
₹355.90
Nuvoco Vistas
7D
6.2%
1Y
-0.3%

Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable

Dec 09
Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) P/E Still Appears To Be Reasonable
RAMCOCEM
₹1,053.30
Ramco Cements
7D
3.2%
1Y
2.2%

We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease

Dec 09
We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease
500425
₹541.15
Ambuja Cements
7D
2.2%
1Y
-4.2%
532644
₹5,577.40
J.K. Cement
7D
1.7%
1Y
20.8%

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).
GSLSU
₹111.27
Global Surfaces
7D
-4.3%
1Y
-36.2%

Global Surfaces (NSE:GSLSU) Is Making Moderate Use Of Debt

Dec 05
Global Surfaces (NSE:GSLSU) Is Making Moderate Use Of Debt
GRASIM
₹2,806.60
Grasim Industries
7D
2.2%
1Y
8.2%

GRASIM: Renewable Energy SPV Acquisitions Will Secure Long Term Green Power

Analysts have nudged up their price target on Grasim Industries slightly, citing modest adjustments to the discount rate and future P/E assumptions that leave their fair value estimate steady at ₹3,293.09 per share while reinforcing confidence in the company’s long term earnings profile. What's in the News Board meeting scheduled for November 5, 2025 at 12:00 IST to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider changes in senior management personnel, signaling potential realignment of leadership roles (company filing) Proposal to acquire a 26 percent equity stake in multiple renewable energy SPVs formed or to be formed as captive power users for the Vilayat plant in Gujarat, Balabhadrapuram plant in Andhra Pradesh, and Ganjam plant in Odisha (company filing) Renewable energy SPV investments aimed at securing long term green power for key manufacturing locations, with the potential to reduce energy costs and carbon footprint over time (company filing) Valuation Changes Fair Value Estimate remains unchanged at ₹3,293.09 per share, indicating no revision to the analysts' central valuation outcome.
ACC
₹1,758.90
ACC
7D
-1.3%
1Y
-17.9%

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

Nov 26
ACC Limited (NSE:ACC) Looks Inexpensive But Perhaps Not Attractive Enough
531494
₹1.42
Navkar Urbanstructure
7D
-8.4%
1Y
-40.5%
500338
₹125.35
Prism Johnson
7D
-1.6%
1Y
-32.2%
BIRLANU
₹1,540.50
BirlaNu
7D
-2.1%
1Y
-38.8%