October 2026
Largest Building Products Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Pidilite, Berger Paints India, Supreme Industries, Astral and Honeywell Automation.
 | Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India. | $16 | -4% | $16B | $16B | 10.2x | 39.5x | ||
| Second or third largest paint maker in India. It sells decorative paints, industrial and protective coatings and waterproofing products through dealers to households, builders and industrial users. Headquartered in Kolkata. | $5 | -20% | $5.7B | $5.7B | 4.6x | 28.1x | ||
| Plastic products maker with large lines in piping systems, packaging films, moulded furniture, crates and industrial components. It sells through distributors to construction, farm and industrial customers. Headquartered in Mumbai. | $36 | -15% | $4.6B | $4.6B | 3.9x | 26.0x | ||
| Maker of plastic and CPVC pipes and fittings, adhesives, sealants and bathware, sold through distributors to plumbers and builders. Headquartered in Ahmedabad. | $14 | -12% | $3.8B | $3.8B | 5.5x | 34.2x | ||
| Honeywell Automation India Ltd provides automation and control systems in India and internationally. The company offers distributed control systems, transmitters, programmable logic controllers, emergency shutdown systems, quality control systems, software solutions, industrial Internet of Things solutions, and comprehensive life cycle services. It also provides building management systems, fire detection and alarm systems, access control systems, video surveillance systems, integrated security systems, and integrated building management systems. The company operates in a single segment, Automation and Control Systems, and derives a majority of its revenue from India. | $332 | -19% | $2.9B | $2.5B | 5.2x | 40.8x | ||
| ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the products: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India. | $12 | -42% | $2.3B | $2.3B | 0.9x | 7.1x | ||
| Kajaria Ceramics makes ceramic and vitrified floor and wall tiles, and sells them through dealers. It is India's largest tile maker by capacity. Headquartered in New Delhi. | $12 | -12% | $1.9B | $1.9B | 3.6x | 21.2x | ||
| DCM Shriram is a diversified Indian group with businesses in chlor-alkali and vinyl, sugar and ethanol, fertilisers, agri-inputs and seeds, and fenesta building products (windows and doors). It sells to industrial, farm and retail customers. Headquartered in Delhi. | $10 | -30% | $1.6B | $1.8B | 1.3x | 10.6x | ||
| Century Plyboards makes plywood, laminates, medium density fibreboard, particle board and doors for furniture and interiors. It sells through dealers and has factories in several Indian states and in Myanmar and Laos. Headquartered in Kolkata. | $7 | -21% | $1.5B | $1.7B | 2.9x | 25.3x | ||
| Largest Indian maker of PVC pipes and fittings for agriculture and plumbing, with its own PVC resin production. It sells through a dealer network to farmers, builders and retail buyers. Based in Pune. | $2 | -29% | $929M | $716M | 1.7x | 7.9x | ||
| Cera Sanitaryware makes sanitaryware, faucets, tiles and wellness products for bathrooms. It sells through dealers and to builders across India. It is based in Gujarat. | $48 | -32% | $618M | $534M | 2.5x | 16.3x | ||
| Manufactures transmission and distribution towers, poles and fabricated structures. It also makes PVC pipes and does engineering projects. Customers are utilities, EPC firms and government bodies. Based in Kolkata. | $5 | -15% | $612M | $712M | 1.3x | 12.7x | ||
| Greenlam Industries makes decorative laminates, veneers, engineered wood flooring, door products and panels. It sells under the Greenlam and Mikasa brands through a large distributor network in India and exports to many countries. It is one of the largest laminate makers in the world by volume. It is headquartered in Bengaluru. | $2 | -25% | $572M | $682M | 2.2x | 20.0x | ||
| Stylam Industries makes decorative laminates and compact laminates sold in India and exported abroad. It sells through distributors to furniture makers and interior firms. It is based in Chandigarh. | $33 | +42% | $555M | $551M | 4.6x | 23.4x | ||
| Prism Johnson is an integrated building materials company with cement, ready-mix concrete and home improvement products such as tiles and bath products. It sells through dealers and builders across India. It is headquartered in Mumbai. | $1 | -41% | $512M | $637M | 0.8x | 7.2x | ||
| Indigo Paints makes decorative paints, including emulsions, putty, and waterproofing products, sold through dealers across India. Customers are home owners and contractors. It is headquartered in Pune. | $11 | -5% | $509M | $477M | ||||
| Surya Roshni makes steel pipes and strips, lighting products and consumer durables such as fans and appliances. It sells through a large dealer network to consumers, builders and oil, gas and water customers. It is headquartered in New Delhi. | $2 | -38% | $450M | $410M | ||||
| Electrosteel Castings makes ductile iron pipes and fittings for water supply and sewerage, along with cast iron pipes and steel products. Customers are water utilities and infrastructure contractors, in India and exports. It is headquartered in Kolkata. | $1 | -32% | $433M | $509M | ||||
| Responsive Industries makes vinyl flooring, synthetic leather and related products, and has moved into other industrial and real estate activities. It sells to builders, furniture and auto makers and retail buyers in India and abroad. It is headquartered in Mumbai. | $1 | -32% | $399M | $418M | ||||
| Greenply Industries makes plywood, medium density fibreboard, decorative veneers and doors for interiors. It sells through dealers to homeowners, architects and builders in India and exports to other markets. It is headquartered in Kolkata. | $3 | -13% | $376M | $428M | ||||
| Varmora Granito makes ceramic and vitrified tiles for floors and walls. It sells through dealers in India and exports. It is based in Morbi, Gujarat. | $1 | -- | $303M | $287M | ||||
| JTL Industries makes steel tubes, pipes and galvanised products for infrastructure, agriculture and construction. Headquartered in Mohali, Punjab. | $1 | -- | $301M | $327M | ||||
| Prince Pipes and Fittings makes polymer pipes and fittings, including PVC, CPVC and HDPE products for plumbing, drainage and agriculture. It sells through a dealer network across India. It is headquartered in Mumbai. | $3 | -27% | $293M | $279M | ||||
| Carysil makes quartz kitchen sinks and also sells kitchen appliances such as hobs and chimneys. It sells under its own brands and as a supplier to international brands, with most revenue from exports. It is headquartered in Mumbai. | $10 | -4% | $290M | $314M | ||||
| Retailer and distributor of building products and home improvement materials such as steel, roofing, plumbing, tiles, and interior products through large-format retail stores and a B2B channel. Operates the Shankara Building Products and Prostruct brands, with stores across South India and a Bengaluru base. Serves contractors, builders and individual home builders. | $2 | -- | $278M | $278M | ||||
| Provider of pre-engineered steel buildings and structures for factories, warehouses, data centres and logistics parks, handling design, fabrication and erection. Customers are industrial and infrastructure developers across India and overseas. Based in Noida. | $16 | -34% | $264M | $256M | ||||
| Rajapalayam-based building materials and textile company in the Ramco Group. It makes fibre cement roofing sheets, boards and panels, runs cotton yarn spinning, and operates a small wind and solar power business. Customers are mainly rural and semi-urban construction buyers via a dealer network. | $3 | -25% | $258M | $261M | ||||
| New Delhi-based maker of wood coatings and decorative paints under brands such as Sirca and Unico, and distributor of Italian Sirca S.p.A. products. Customers are furniture makers, carpenters and dealers. | $4 | -26% | $245M | $238M | ||||
| Large Indian tile maker producing ceramic wall and floor tiles, polished vitrified tiles and bathware, sold through a dealer and retail network. Also sells sanitaryware and faucets under the Somany brand. Operates plants in several Indian states and is headquartered near Delhi. | $6 | +8% | $229M | $261M | ||||
| Hyderabad-based maker of engineered quartz surfaces (Quantra brand) and granite countertops for export, mostly to the US. Also runs an apparel manufacturing unit. Customers are kitchen and bath fabricators and distributors. | $7 | -32% | $217M | $264M | ||||
| Pennar Industries makes steel products, tubes, cold rolled strips and pre-engineered buildings, and also builds engineered systems for industrial and infrastructure customers. Headquartered in Hyderabad. | $2 | -46% | $216M | $313M | ||||
| Median | $5 | -25% | $509M | $509M | 1.8x | 16.1x |
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