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Indian (NIFTY) Real Estate Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies201
  • 7D4.1%
  • 3M-10.8%
  • 1Y-10.6%
  • YTD-5.4%

Over the last 7 days, the Real Estate industry has risen 4.1%, driven by gains from Lodha Developers of 8.6%. In the same time, Keystone Realtors was down 7.1%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 31% per annum.

Sector Valuation and Performance

Has the Indian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026₹9.4t₹1.2t₹214.6b27x44x7.8x
Sun, 04 Jan 2026₹10.2t₹1.2t₹207.9b29.4x48.9x8.5x
Tue, 02 Dec 2025₹9.9t₹1.2t₹210.4b30.1x47.2x8.3x
Thu, 30 Oct 2025₹10.4t₹1.2t₹219.1b36x47.3x9x
Sat, 27 Sep 2025₹9.7t₹1.1t₹214.2b37.9x45.2x8.7x
Mon, 25 Aug 2025₹9.4t₹1.1t₹212.2b35.5x44.5x8.8x
Wed, 23 Jul 2025₹10.2t₹1.0t₹206.2b35.4x49.3x10x
Fri, 20 Jun 2025₹9.8t₹985.5b₹205.9b35.8x47.5x9.9x
Sun, 18 May 2025₹9.0t₹975.8b₹193.4b34.7x46.7x9.3x
Tue, 15 Apr 2025₹8.1t₹1.1t₹220.1b33.8x36.8x7.5x
Thu, 13 Mar 2025₹8.2t₹1.1t₹220.2b33.1x37.3x7.6x
Sat, 08 Feb 2025₹9.3t₹1.1t₹228.3b31.8x40.9x8.7x
Mon, 06 Jan 2025₹10.4t₹1.0t₹214.4b36.5x48.3x10.1x
Wed, 04 Dec 2024₹10.2t₹1.0t₹214.5b35x47.8x9.9x
Fri, 01 Nov 2024₹9.8t₹1.0t₹226.9b29.3x43.3x9.7x
Sun, 29 Sep 2024₹10.7t₹978.2b₹205.1b32.5x52x10.9x
Tue, 27 Aug 2024₹10.0t₹971.3b₹203.5b29.9x48.9x10.3x
Thu, 25 Jul 2024₹10.0t₹836.6b₹168.2b32.6x59.3x11.9x
Sat, 22 Jun 2024₹10.2t₹832.5b₹165.8b32.9x61.8x12.3x
Mon, 20 May 2024₹9.3t₹804.6b₹152.3b32.8x60.8x11.5x
Wed, 17 Apr 2024₹8.6t₹749.0b₹132.3b32.3x65.2x11.5x
Fri, 15 Mar 2024₹7.8t₹750.1b₹132.5b30.2x58.8x10.4x
Sun, 11 Feb 2024₹8.1t₹744.1b₹129.2b41.2x62.8x10.9x
Tue, 09 Jan 2024₹7.7t₹732.8b₹116.5b31.5x66.4x10.5x
Thu, 07 Dec 2023₹6.8t₹730.1b₹116.4b29.9x58.2x9.3x
Sat, 04 Nov 2023₹6.0t₹677.0b₹104.1b30.7x57.6x8.9x
Mon, 02 Oct 2023₹5.5t₹672.5b₹88.7b30.1x61.9x8.2x
Wed, 30 Aug 2023₹5.2t₹676.1b₹68.7b30.5x76x7.7x
Fri, 28 Jul 2023₹5.4t₹665.4b₹77.7b30x69.1x8.1x
Sun, 25 Jun 2023₹5.0t₹659.5b₹85.0b30.5x58.6x7.5x
Tue, 23 May 2023₹4.7t₹674.8b₹106.2b25.3x43.8x6.9x
Thu, 20 Apr 2023₹4.3t₹651.9b₹103.0b24.1x41.5x6.6x
Sat, 18 Mar 2023₹3.9t₹646.4b₹102.8b22.7x38.3x6.1x
Mon, 13 Feb 2023₹4.1t₹618.2b₹116.7b23.6x35.2x6.6x
Price to Earnings Ratio

35.2x


Total Market Cap: ₹4.1tTotal Earnings: ₹116.7bTotal Revenue: ₹618.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 51.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Real Estate 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 44.0x which is lower than its 3-year average PE of 51.6x.
  • The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 25% 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 Real Estate sector?

IN Market1.42%
Real Estate4.10%
Real Estate4.97%
Office REITs0.75%
Industrial REITs0.70%
Retail REITs0.63%
REITS0%0
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 51.0x.
    • Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings growth of 11.0% per year.
  • Investors are most pessimistic about the Industrial REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LODHA Lodha Developers₹1.06k8.6%
+₹83.5b
-14.8%PE31.5x
DLF DLF₹663.754.4%
+₹69.3b
-12.4%PE37.1x
PRESTIGE Prestige Estates Projects₹1.56k6.5%
+₹40.7b
15.4%PE69.1x
GODREJPROP Godrej Properties₹1.70k7.8%
+₹37.0b
-22.6%PE32.4x
503100 Phoenix Mills₹1.73k3.9%
+₹23.1b
5.5%PE56.9x

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