NSE publishes no index for this sector. The line below is worked out from its companies instead.
The sector's own line, from its companies
12 companies priced · closes adjusted for splits and bonusesBreadth, to the close of 2026-09-25: 3 of 12 companies are higher than a month ago, 5 of 10 closed above their 200-session average, 0 at a 52-week high and 0 at a 52-week low; in the last session 5 rose and 7 fell. A wide gap between the two lines means a few large companies moved the sector.
The sector as a map
a company's area is its market value · grouped by industry · tinted by price changeArea is market value; the tint is the price change over the last session, full strength at 3% either way, and grey where we hold no price that far back. 12 companies. Click a company to open it.
Where its companies sit: ROE against P/B
a dot's area is its market value · the largest are named · click one to open it9 companies with both figures in the filings we hold. Dashed lines: the sector's median P/B (2.6×) and ROE (10.7%). ROE is the last four quarters' profit on the latest balance sheet's equity. A high ROE at a low P/B is not a bargain by itself: debt, a one-off profit or a shrinking business all produce one.
The sector's results, added up
from the companies' own quarterly filingsRevenue, added up
latest against a year before: +30.4%Net profit, added up
latest against a year before: −15.7%Q1 FY27 results
11 of 11 companies have filed · their profit together is −17.4% on the same quarter a year before (10 companies)Added up over the 9 companies that filed every quarter shown, of the 11 whose filings we hold and the 12 in the sector; each on a consolidated basis where it files one. For banks, revenue is total income. A sum is dominated by its largest companies, and says nothing about one that is not in it.
Who owns it
from the companies' quarterly shareholding patterns · weighted by market value| AWHCL | 13.08% | −1.70 pp |
| WABAG | 18.26% | +1.66 pp |
| CEWATER | 0.37% | −0.91 pp |
| RACE | 0.01% | −0.70 pp |
| REFEX | 0.93% | −0.44 pp |
| EMSLIMITED | 0.14% | −0.27 pp |
| IONEXCHANG | 12.48% | +0.81 pp |
| WABAG | 5.54% | +0.47 pp |
| AWHCL | 2.33% | +0.08 pp |
From the shareholding patterns filed for the quarter to Jun 2026, against Mar 2026, by the 10 of 12 companies whose filings for both we hold (92% of the sector's market value), each weighted by its market value. Mutual funds and insurers are part of domestic institutions. Foreign institutions leaves out the shares a depository holds behind ADRs and GDRs, which companies file under a different head from one quarter to the next; those sit in “public and others”. “pp” is percentage points of the company's shares. A holder's share also moves when a company issues or buys back shares; these are the filed figures, not a reading of anyone's intent.
Companies
12 companies, by market value
Closes are end-of-day, adjusted for splits and bonuses. P/E and ROE come from the last four quarters of filings, for the companies whose filings we hold. A company's sector is the one the exchanges classify it in; these are facts about the companies, not a view on the sector.