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Indian (NIFTY) Real Estate Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies195
  • 7D4.2%
  • 3M-13.3%
  • 1Y-14.3%
  • YTD-6.6%

In the last week, the Real Estate industry is up 4.2%, with Lodha Developers up 8.6%. In the same time, Keystone Realtors was down 7.1%. In the past year, the industry is down 14%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026₹7.6t₹1.0t₹179.7b25.5x42.3x7.3x
Tue, 06 Jan 2026₹8.5t₹1.0t₹176.4b28.3x47.9x8.2x
Thu, 04 Dec 2025₹8.3t₹1.0t₹176.2b28.9x47x8x
Sat, 01 Nov 2025₹8.6t₹995.2b₹179.6b35.8x47.7x8.6x
Mon, 29 Sep 2025₹8.0t₹943.0b₹173.2b36.7x45.9x8.4x
Wed, 27 Aug 2025₹8.2t₹942.7b₹172.9b35.4x47.5x8.7x
Fri, 25 Jul 2025₹8.7t₹890.0b₹166.8b35.2x52.3x9.8x
Sun, 22 Jun 2025₹8.9t₹857.4b₹168.6b34.6x52.5x10.3x
Tue, 20 May 2025₹8.1t₹847.8b₹156.1b34.1x52x9.6x
Thu, 17 Apr 2025₹7.5t₹950.3b₹177.8b32.7x42.3x7.9x
Sat, 15 Mar 2025₹7.1t₹950.3b₹177.8b31.8x39.8x7.5x
Mon, 10 Feb 2025₹8.3t₹945.6b₹186.3b31.6x44.7x8.8x
Wed, 08 Jan 2025₹9.2t₹906.7b₹171.5b38.1x53.5x10.1x
Fri, 06 Dec 2024₹9.5t₹906.9b₹171.6b34.2x55.2x10.4x
Sun, 03 Nov 2024₹8.9t₹891.0b₹183.0b30.8x48.7x10x
Tue, 01 Oct 2024₹9.5t₹858.5b₹174.0b31.2x54.5x11.1x
Thu, 29 Aug 2024₹9.0t₹851.6b₹172.5b30.3x52x10.5x
Sat, 27 Jul 2024₹9.0t₹725.9b₹139.1b32.2x65x12.5x
Mon, 24 Jun 2024₹9.3t₹718.6b₹135.4b31.6x68.6x12.9x
Wed, 22 May 2024₹8.3t₹689.4b₹133.5b30.9x62.3x12.1x
Fri, 19 Apr 2024₹7.8t₹658.5b₹123.1b31.4x63.3x11.8x
Sun, 17 Mar 2024₹7.0t₹659.6b₹123.3b29.6x56.7x10.6x
Tue, 13 Feb 2024₹7.1t₹656.1b₹120.2b36.5x59.4x10.9x
Thu, 11 Jan 2024₹7.2t₹645.9b₹108.3b30.2x66.7x11.2x
Sat, 09 Dec 2023₹6.2t₹643.2b₹108.2b28.1x57x9.6x
Mon, 06 Nov 2023₹5.3t₹597.0b₹95.7b29x55.6x8.9x
Wed, 04 Oct 2023₹4.8t₹586.6b₹81.7b28.3x59x8.2x
Fri, 01 Sep 2023₹4.6t₹584.5b₹81.2b28.3x56.8x7.9x
Sun, 30 Jul 2023₹4.6t₹569.0b₹68.9b29.5x66.8x8.1x
Tue, 27 Jun 2023₹4.2t₹575.7b₹77.7b30.6x53.7x7.3x
Thu, 25 May 2023₹3.8t₹578.7b₹98.0b23.5x38.9x6.6x
Sat, 22 Apr 2023₹3.5t₹570.2b₹90.3b23.1x38.8x6.1x
Mon, 20 Mar 2023₹3.3t₹564.7b₹90.0b21.6x36.4x5.8x
Wed, 15 Feb 2023₹3.3t₹539.3b₹105.4b22x31.5x6.2x
Price to Earnings Ratio

31.5x


Total Market Cap: ₹3.3tTotal Earnings: ₹105.4bTotal Revenue: ₹539.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Industry Price to Earnings3Y Average 52.3x202420252026
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 42.0x which is lower than its 3-year average PE of 52.3x.
  • The 3-year average PS ratio of 9.2x is higher than the industry's current PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 20% 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 industry?

IN Market1.60%
Real Estate3.54%
Real Estate4.18%
Real Estate Development4.72%
Diversified Real Estate3.74%
Real Estate Operating Companies1.83%
Real Estate Services-0.61%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 89.8%, which is higher than its past year's earnings growth of 2.1% per year.
  • Investors are most pessimistic about the Real Estate Services industry, which is trading close to its 3-year average of 43.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 90% over the next 5 years.
  • This is better than its past earnings growth rate of 2.1% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 21% 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%
+₹83.6b
-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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