Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Supplies the visible finish of a home or office - floors, bathrooms, walls, doors, wardrobes and glass - mostly through dealers, contractors and carpenters.
Why it matters
Finishes are bought at handover and again on every renovation, so they depend on both new housing and the much larger existing housing stock. Brands matter because buyers see and choose these products.
Where the value pool sits
Paints have historically been the richest pool (~18-22% EBITDA for the leader), followed by sanitaryware and branded tiles; MDF and plywood are more cyclical. New capacity (Birla Opus in paints, MDF additions) has compressed margins since 2024.