Analysis Article • Aug 07
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Indian (NIFTY) Real Estate Industry Analysis
UpdatedAug 08, 2026
DataAggregated Company Financials
Companies199
- 7D-1.5%
- 3M4.7%
- 1Y-5.2%
- YTD-2.6%
Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by DLF declining 2.6%. On the other hand Kolte-Patil Developers is actually up 16%. Overall the industry is down 5.2% in 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Indian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | ₹8.0t | ₹1.2t | ₹223.8b | 26.5x | 35.6x | 6.7x |
| Mon, 06 Jul 2026 | ₹8.1t | ₹1.2t | ₹218.3b | 26.3x | 37.1x | 6.8x |
| Wed, 03 Jun 2026 | ₹7.2t | ₹1.2t | ₹220.0b | 25.5x | 32.9x | 6x |
| Fri, 01 May 2026 | ₹7.2t | ₹1.1t | ₹196.3b | 26x | 36.9x | 6.7x |
| Sun, 29 Mar 2026 | ₹6.1t | ₹1.1t | ₹182.9b | 23.3x | 33.6x | 5.8x |
| Tue, 24 Feb 2026 | ₹7.5t | ₹1.1t | ₹183.1b | 26.8x | 41x | 7.1x |
| Thu, 22 Jan 2026 | ₹7.4t | ₹1.0t | ₹176.5b | 25x | 41.7x | 7.1x |
| Sat, 20 Dec 2025 | ₹8.2t | ₹1.0t | ₹176.4b | 28.3x | 46.4x | 7.9x |
| Mon, 17 Nov 2025 | ₹8.6t | ₹1.0t | ₹180.1b | 32.7x | 47.7x | 8.4x |
| Wed, 15 Oct 2025 | ₹8.1t | ₹963.6b | ₹174.7b | 36x | 46.6x | 8.4x |
| Fri, 12 Sep 2025 | ₹8.1t | ₹942.1b | ₹172.7b | 36x | 47.1x | 8.6x |
| Sun, 10 Aug 2025 | ₹8.1t | ₹929.2b | ₹174.5b | 32.5x | 46.4x | 8.7x |
| Tue, 08 Jul 2025 | ₹8.7t | ₹859.0b | ₹168.9b | 35.2x | 51.7x | 10.2x |
| Thu, 05 Jun 2025 | ₹8.5t | ₹864.8b | ₹171.9b | 32.1x | 49.4x | 9.8x |
| Sat, 03 May 2025 | ₹7.8t | ₹950.9b | ₹176.9b | 33.5x | 44x | 8.2x |
| Mon, 31 Mar 2025 | ₹7.5t | ₹950.3b | ₹177.8b | 32.4x | 42.3x | 7.9x |
| Wed, 26 Feb 2025 | ₹7.4t | ₹950.0b | ₹177.8b | 31.1x | 41.5x | 7.8x |
| Fri, 24 Jan 2025 | ₹8.0t | ₹913.9b | ₹175.8b | 33.8x | 45.4x | 8.7x |
| Sun, 22 Dec 2024 | ₹9.4t | ₹906.9b | ₹171.6b | 35x | 54.6x | 10.3x |
| Tue, 19 Nov 2024 | ₹8.3t | ₹903.0b | ₹169.6b | 33.9x | 49.1x | 9.2x |
| Thu, 17 Oct 2024 | ₹9.5t | ₹871.2b | ₹177.0b | 30.1x | 53.5x | 10.9x |
| Sat, 14 Sep 2024 | ₹9.1t | ₹851.4b | ₹172.5b | 30.2x | 53x | 10.7x |
| Mon, 12 Aug 2024 | ₹8.8t | ₹839.7b | ₹162.7b | 30.3x | 54x | 10.5x |
| Wed, 10 Jul 2024 | ₹9.3t | ₹719.0b | ₹135.5b | 32.5x | 68.8x | 13x |
| Fri, 07 Jun 2024 | ₹8.6t | ₹721.6b | ₹133.1b | 28.1x | 64.3x | 11.9x |
| Sun, 05 May 2024 | ₹8.1t | ₹662.1b | ₹124.5b | 32.5x | 64.8x | 12.2x |
| Tue, 02 Apr 2024 | ₹7.9t | ₹659.6b | ₹123.2b | 29.8x | 63.8x | 11.9x |
| Thu, 29 Feb 2024 | ₹7.6t | ₹659.4b | ₹123.4b | 30.4x | 61.8x | 11.6x |
| Sat, 27 Jan 2024 | ₹7.0t | ₹640.4b | ₹107.3b | 32.2x | 65.1x | 10.9x |
| Mon, 25 Dec 2023 | ₹6.4t | ₹643.2b | ₹107.9b | 27.2x | 58.9x | 9.9x |
| Wed, 22 Nov 2023 | ₹5.8t | ₹642.2b | ₹108.5b | 24.9x | 53.9x | 9.1x |
| Fri, 20 Oct 2023 | ₹5.0t | ₹586.8b | ₹81.8b | 32.6x | 61.6x | 8.6x |
| Sun, 17 Sep 2023 | ₹4.9t | ₹585.3b | ₹81.8b | 26.3x | 59.6x | 8.3x |
| Tue, 15 Aug 2023 | ₹4.4t | ₹587.1b | ₹58.5b | 26.6x | 74.7x | 7.4x |
Price to Earnings Ratio
74.7x
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 35.6x which is lower than its 3-year average PE of 50.9x.
- The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 27% 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 Market | 1.27% | |
| Real Estate | -1.07% | |
| Real Estate | -1.53% | |
| Real Estate Operating Companies | -0.47% | |
| Diversified Real Estate | -1.45% | |
| Real Estate Development | -1.66% | |
| Real Estate Services | -3.32% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 40.7x.
- Analysts are expecting annual earnings growth of 64.5%, which is higher than its past year's earnings growth of 9.0% per year.
- Investors are most pessimistic about the Real Estate Services industry, which is trading below its 3-year average of 44.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 9.0% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KOLTEPATIL Kolte-Patil Developers | ₹445.10 | 15.6% +₹5.3b | 10.2% | PS5.4x | |
| RAYMONDREL Raymond Realty | ₹690.00 | 7.3% +₹3.1b | 7.0% | PE15.1x | |
| ARVSMART Arvind SmartSpaces | ₹650.75 | 9.8% +₹2.7b | 8.3% | PE30.9x | |
| EMBDL Embassy Developments | ₹63.04 | 3.1% +₹2.6b | -34.2% | PS5.1x | |
| PVP PVP Ventures | ₹34.74 | 29.5% +₹2.1b | 81.6% | PS10.1x |
