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Indian (NIFTY) Basic Materials Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies63
  • 7D-0.005%
  • 3M5.8%
  • 1Y-7.0%
  • YTD-2.1%

In the last week, the Basic Materials industry is up 2.4%, with Grasim Industries up 3.7%. However, the industry is down 5.9% over the past year. Earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026₹10.2t₹4.8t₹261.8b31.3x39.1x2.1x
Thu, 09 Jul 2026₹9.8t₹4.7t₹267.1b30.7x36.6x2.1x
Sat, 06 Jun 2026₹9.5t₹4.7t₹267.1b29.7x35.5x2x
Mon, 04 May 2026₹9.7t₹4.6t₹256.4b25.5x37.7x2.1x
Wed, 01 Apr 2026₹8.9t₹4.6t₹251.8b22.4x35.3x1.9x
Fri, 27 Feb 2026₹10.6t₹4.6t₹247.6b25x42.7x2.3x
Sun, 25 Jan 2026₹10.3t₹4.5t₹262.0b26.8x39.5x2.3x
Tue, 23 Dec 2025₹10.2t₹4.4t₹261.8b30x38.9x2.3x
Thu, 20 Nov 2025₹10.3t₹4.4t₹261.6b30.7x39.4x2.3x
Sat, 18 Oct 2025₹10.9t₹4.3t₹213.9b33.2x50.8x2.5x
Mon, 15 Sep 2025₹10.9t₹4.3t₹212.6b34.2x51.4x2.5x
Wed, 13 Aug 2025₹10.8t₹4.2t₹226.5b32.5x47.7x2.6x
Fri, 11 Jul 2025₹10.8t₹4.1t₹201.8b44.3x53.6x2.6x
Sun, 08 Jun 2025₹10.1t₹4.1t₹202.0b40.5x49.8x2.4x
Tue, 06 May 2025₹10.1t₹4.0t₹199.4b35.7x50.6x2.5x
Thu, 03 Apr 2025₹9.8t₹4.0t₹202.2b30.6x48.5x2.5x
Sat, 01 Mar 2025₹8.8t₹4.0t₹202.2b30x43.4x2.2x
Mon, 27 Jan 2025₹9.6t₹3.9t₹197.1b36.7x48.9x2.5x
Wed, 25 Dec 2024₹9.8t₹3.9t₹203.2b37.3x48.1x2.5x
Fri, 22 Nov 2024₹9.3t₹3.9t₹203.1b36.5x45.8x2.4x
Sun, 20 Oct 2024₹9.9t₹3.9t₹239.4b33x41.2x2.5x
Tue, 17 Sep 2024₹10.3t₹3.9t₹239.4b32.9x43.1x2.6x
Thu, 15 Aug 2024₹9.7t₹3.9t₹239.1b31.9x40.6x2.5x
Sat, 13 Jul 2024₹10.6t₹3.9t₹248.6b33.7x42.4x2.7x
Mon, 10 Jun 2024₹9.6t₹3.9t₹248.5b28.9x38.5x2.5x
Wed, 08 May 2024₹9.2t₹3.8t₹251.5b31.9x36.5x2.4x
Fri, 05 Apr 2024₹9.2t₹3.8t₹234.5b31.5x39.2x2.4x
Sun, 03 Mar 2024₹9.3t₹3.8t₹234.5b32.7x39.5x2.4x
Tue, 30 Jan 2024₹9.2t₹3.8t₹231.7b37.3x39.8x2.4x
Thu, 28 Dec 2023₹9.1t₹3.8t₹216.9b36.3x41.9x2.4x
Sat, 25 Nov 2023₹7.9t₹3.8t₹216.9b32.4x36.3x2.1x
Mon, 23 Oct 2023₹7.8t₹3.7t₹191.3b33.8x40.9x2.1x
Wed, 20 Sep 2023₹7.9t₹3.7t₹185.2b31.1x42.8x2.2x
Fri, 18 Aug 2023₹7.4t₹3.7t₹184.0b31x40.5x2x
Price to Earnings Ratio

40.5x


Total Market Cap: ₹7.4tTotal Earnings: ₹184.0bTotal Revenue: ₹3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Basic Materials Industry Price to Earnings3Y Average 42.8x202420252026
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 Market0.11%
Materials1.52%
Basic Materials-0.0052%
Construction Materials-0.0052%
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₹3.38k3.7%
+₹81.7b		22.5%PE46.2x
RAMCOIND Ramco Industries₹377.2013.6%
+₹3.9b		30.7%PE10.7x
534076 RHI Magnesita India₹423.152.6%
+₹2.2b		-13.7%PS2.2x
RAMCOCEM Ramco Cements₹953.750.9%
+₹2.0b		-10.9%PE34.9x
BIRLANU BirlaNu₹1.61k19.8%
+₹2.0b		-18.2%PS0.3x

Latest News

BIRLANU
₹1,607.40
BirlaNu
7D
19.8%
1Y
-18.2%
Analysis Article • Aug 09

BirlaNu Limited (NSE:BIRLANU) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Shareholders will be ecstatic, with their stake up 23% over the past week following BirlaNu Limited 's ( NSE:BIRLANU...
532486
₹956.85
Pokarna
7D
2.4%
1Y
5.8%
540575
₹198.50
Star Cement
7D
-2.7%
1Y
-24.7%
509055
₹103.53
Visaka Industries
7D
19.5%
1Y
21.2%
500380
₹558.25
JK Lakshmi Cement
7D
-1.7%
1Y
-38.3%
RAMCOIND
₹377.20
Ramco Industries
7D
13.6%
1Y
30.7%
IFGLEXPOR
₹225.30
IFGL Refractories
7D
8.7%
1Y
-0.9%
RAMCOCEM
₹953.75
Ramco Cements
7D
0.9%
1Y
-10.9%
ACC
₹1,357.60
ACC
7D
-2.9%
1Y
-24.0%
Narrative Update • Aug 06

ACC: Board Review And Margin Outlook Will Shape Fairly Valued Repricing

ACC's analyst fair value estimate has been revised from approximately ₹1,698 to about ₹1,518, with analysts citing updated expectations for revenue growth, profit margins and future P/E assumptions as key drivers of the new price target. What's in the News for ACC ACC has scheduled a board meeting for Jul 24, 2026 to consider and approve the unaudited standalone financial results for the quarter ended Jun 30, 2026.
ULTRACEMCO
₹12,038.00
UltraTech Cement
7D
-0.1%
1Y
-3.0%
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.
NUVOCO
₹337.90
Nuvoco Vistas
7D
-3.6%
1Y
-24.2%
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.
500425
₹431.15
Ambuja Cements
7D
-2.5%
1Y
-26.8%
Narrative Update • Aug 03

500425: Upcoming Board Review And Margin Outlook Will Shape Next Move

Analysts have reduced their price target on Ambuja Cements to ₹489.41 from ₹508.60, citing updated assumptions on revenue growth, profit margins and a slightly higher expected future P/E multiple. What’s in the News for Ambuja Cements Ambuja Cements has scheduled a board meeting on July 28, 2026, to review and approve its unaudited standalone financial results for the quarter ended June 30, 2026.
SHREECEM
₹26,100.00
Shree Cement
7D
-3.3%
1Y
-14.8%
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.
534076
₹423.15
RHI Magnesita India
7D
2.6%
1Y
-13.7%
GRASIM
₹3,380.50
Grasim Industries
7D
3.7%
1Y
22.5%
532644
₹5,386.45
J.K. Cement
7D
-3.1%
1Y
-22.7%