Indian (NIFTY) Basic Materials Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 10 Aug 2026	₹10.2t	₹4.8t	₹261.9b	32x	39x	2.1x
Wed, 08 Jul 2026	₹10.0t	₹4.7t	₹267.1b	31.3x	37.5x	2.1x
Fri, 05 Jun 2026	₹9.6t	₹4.7t	₹267.1b	29.4x	35.9x	2x
Sun, 03 May 2026	₹9.7t	₹4.6t	₹256.4b	25.5x	37.7x	2.1x
Tue, 31 Mar 2026	₹8.9t	₹4.6t	₹251.8b	22.4x	35.3x	1.9x
Thu, 26 Feb 2026	₹10.6t	₹4.6t	₹247.6b	25.1x	42.9x	2.3x
Sat, 24 Jan 2026	₹10.3t	₹4.5t	₹263.4b	27.3x	39.3x	2.3x
Mon, 22 Dec 2025	₹10.2t	₹4.4t	₹261.8b	29x	38.8x	2.3x
Wed, 19 Nov 2025	₹10.3t	₹4.5t	₹261.8b	31.6x	39.5x	2.3x
Fri, 17 Oct 2025	₹10.9t	₹4.3t	₹212.6b	33.6x	51.3x	2.5x
Sun, 14 Sep 2025	₹10.9t	₹4.3t	₹212.6b	34.2x	51.4x	2.5x
Tue, 12 Aug 2025	₹10.8t	₹4.2t	₹226.6b	33.4x	47.6x	2.5x
Thu, 10 Jul 2025	₹10.9t	₹4.1t	₹201.8b	44.9x	53.9x	2.6x
Sat, 07 Jun 2025	₹10.1t	₹4.1t	₹202.0b	40.5x	49.8x	2.4x
Mon, 05 May 2025	₹10.0t	₹4.0t	₹199.4b	35.5x	50.2x	2.5x
Wed, 02 Apr 2025	₹9.8t	₹4.0t	₹202.2b	30.4x	48.5x	2.5x
Fri, 28 Feb 2025	₹9.0t	₹4.0t	₹202.2b	31.4x	44.4x	2.3x
Sun, 26 Jan 2025	₹9.6t	₹3.9t	₹197.1b	36.7x	48.9x	2.5x
Tue, 24 Dec 2024	₹9.9t	₹3.9t	₹203.2b	37.5x	48.6x	2.5x
Thu, 21 Nov 2024	₹9.4t	₹3.9t	₹203.1b	37.5x	46.4x	2.4x
Sat, 19 Oct 2024	₹9.9t	₹3.9t	₹239.4b	33x	41.2x	2.5x
Mon, 16 Sep 2024	₹10.4t	₹3.9t	₹239.4b	32.8x	43.4x	2.7x
Wed, 14 Aug 2024	₹9.8t	₹3.9t	₹239.5b	32.5x	41x	2.5x
Fri, 12 Jul 2024	₹10.5t	₹3.9t	₹248.6b	33.8x	42.3x	2.7x
Sun, 09 Jun 2024	₹9.6t	₹3.9t	₹248.5b	28.9x	38.5x	2.5x
Tue, 07 May 2024	₹9.3t	₹3.8t	₹251.5b	31x	37x	2.4x
Thu, 04 Apr 2024	₹9.3t	₹3.8t	₹234.5b	32.6x	39.5x	2.4x
Sat, 02 Mar 2024	₹9.3t	₹3.8t	₹234.5b	32.7x	39.5x	2.4x
Mon, 29 Jan 2024	₹9.0t	₹3.8t	₹231.7b	37.3x	39x	2.4x
Wed, 27 Dec 2023	₹8.9t	₹3.8t	₹216.9b	35.8x	40.9x	2.4x
Fri, 24 Nov 2023	₹7.9t	₹3.8t	₹216.9b	32.3x	36.4x	2.1x
Sun, 22 Oct 2023	₹7.8t	₹3.7t	₹191.3b	33.8x	40.9x	2.1x
Tue, 19 Sep 2023	₹7.9t	₹3.7t	₹185.2b	31.1x	42.8x	2.2x
Thu, 17 Aug 2023	₹7.5t	₹3.7t	₹184.0b	31.6x	40.6x	2x

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 39.0x which is lower than its 3-year average PE of 42.8x.

The industry is trading close to its 3-year average PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Basic Materials industry have grown 12% per year over the last three years.
Revenues for these companies have grown 9.2% 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	1.27%
Materials	2.84%
Basic Materials	2.40%
Construction Materials	2.40%

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?

Company	Last Price	7D	1Y	Valuation
GRASIM Grasim Industries	₹3.32k	7.2% +₹150.7b	23.5%	PE45.4x
ULTRACEMCO UltraTech Cement	₹12.11k	1.7% +₹59.4b	-0.4%	PE41.7x
DALBHARAT Dalmia Bharat	₹1.83k	1.5% +₹5.2b	-18.5%	PE36.7x
534076 RHI Magnesita India	₹412.25	6.1% +₹4.9b	-17.6%	PS2.1x
500425 Ambuja Cements	₹434.00	0.4% +₹4.6b	-25.2%	PE24.3x

Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND).

Ambuja Cements Limited (BSE:500425) agreed to acquire remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) for INR 7.4 billion on December 17, 2024. The consideration consists of 12.99 million common equity of Ambuja Cements Limited at a ratio of 0.12 per common equity of Sanghi Industries Limited. Before completion, Ambuja Cements Limited owns 58.08% stake in Sanghi Industries Limited. Upon completion, Ambuja Cements Limited will own 100% stake in Sanghi Industries Limited. The transaction is subject to board, shareholder, creditors and statutory approval and approval of National Company Law Tribunal. Board of Ambuja Cements Limited approved the acquisition. As on July 17, 2025, National Stock Exchange approved the transaction. As of July 18, 2025, Sanghi Industries has also received observation letter dated July 17, 2025 with ‘no adverse objection’ from BSE Limited. As per the announcement dated January 30, 2026 both companies conducted their respective shareholder meetings on November 20, 2025. The NCLT hearing completed on January 29, 2026. The outcome of the matter is awaited as on the time of approval of this financial results. The entire process is expected to be completed by March 2026. NCLT approved the transaction on February 09, 2026. Vivro Financial Services Private Limited acted as fairness opinion provider to Sanghi Industries Limited. MUFG Intime India Private Limited acted as transfer agent and registrar for Ambuja Cements Limited. Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) on March 12, 2026. Ambuja Cements Limited & Sanghi Industries Limited have filed the certified copy of the NCLT Order with the Registrar of Companies, Ahmedabad, Gujarat today. With this filing, the Company and theTransferor Company have now complied with all the conditions specified in Clause 3.3 of the Scheme. Accordingly, the Scheme has become effective on March 12, 2026 and consequently, Transferor Company stands amalgamated with the Company and dissolved without being wound up. In accordance with the Scheme, the Appointed Date of the Scheme is April 1, 2024. Further, in accordance with the Scheme and pursuant to its effectiveness, the equity shareholders of the Transferor Company whose name appears in the Register of Members of the Transferor Company as on April 6, 2026 will be entitled for allotment of equity shares of the Company.

Indian (NIFTY) Basic Materials Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND).