Construction industry
171 companies · ₹1475.6 L cr · 36 with AI deep dives
5y revenue CAGR
median 8.54%(p25 -3.65% · p75 19.62%)
5y avg ROCE
median 17.18%(p25 6.91% · p75 22.66%)
Debt / equity
median 0.46x(p25 0.24x · p75 0.77x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindRecord order inflows and all-time-high backlogs across the sector13 managements
At least 13 of 24 covered companies reported all-time-high or materially above-guidance order inflows in FY26. LT surpassed its 10% guidance with 22% growth to Rs 4,356 bn; NCC's…
- LT (Q4 FY26): “On order inflows, we had guided for a growth of 10% for FY26 at the start of the year. I…”
headwind9 managements🔒headwind6 managements🔒headwind5 managements🔒headwind7 managements🔒headwind3 managements🔒headwind4 managements🔒tailwind4 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| McNally Bharat Engineering Company Ltd | ₹1080.0 L cr | Unlock | gross block efficient | |
| Richa Industries Ltd | ₹386.6 L cr | Unlock | ||
| Larsen & Toubro Ltd | ₹5.3 L cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Rail Vikas Nigam Ltd | ₹46,131 cr | Unlock | latent operating leveragedeleveragingcyclical high volatilitygross block efficient | |
| NBCC (India) Ltd | ₹25,515 cr | Unlock | latent operating leverageearnings quality weakgross block efficient | |
| IRB Infrastructure Developers Ltd | ₹23,480 cr | Unlock | earnings quality strongdeleveragingcyclical high volatilitygross block underutilised | |
| Cemindia Projects Ltd | ₹22,989 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Kalpataru Projects International Ltd | ₹21,587 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Central Mine Planning & Design Institute Ltd | ₹17,414 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Engineers India Ltd | ₹12,519 cr | Unlock | roce compounderearnings quality weakcyclical high volatilitygross block efficient | |
| KEC International Ltd | ₹12,393 cr | Unlock | deleveraginggross block efficient | |
| Ircon International Ltd | ₹11,719 cr | Unlock | latent operating leveragelevering upcyclical peak basecyclical high volatility | |
| Techno Electric & Engineering Company Ltd | ₹11,549 cr | Unlock | latent operating leveragenet cashcyclical high volatilitycapex intensity elevated | |
| Afcons Infrastructure Ltd | ₹10,322 cr | Unlock | capex coming onlinegross block efficient | |
| Rites Ltd | ₹10,297 cr | Unlock | latent operating leverageroce compoundercyclical high volatilitygross block efficient | |
| NCC Ltd | ₹8,642 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| G R Infraprojects Ltd | ₹8,400 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Power Mech Projects Ltd | ₹8,329 cr | Unlock | capex coming onlineroce compoundergross block efficient | |
| Welspun Enterprises Ltd | ₹8,266 cr | Unlock | latent operating leveragedeleveragingcyclical high volatilitygross block efficient | |
| Dilip Buildcon Ltd | ₹7,066 cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| ISGEC Heavy Engineering Ltd | ₹6,252 cr | Unlock | latent operating leverageearnings quality strongdeleveragingcyclical high volatility | |
| PNC Infratech Ltd | ₹5,990 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Ceigall India Ltd | ₹5,659 cr | Unlock | gross block efficient | |
| Ahluwalia Contracts (India) Ltd | ₹5,547 cr | Unlock | earnings quality strongnet cashcyclical high volatilitygross block efficient | |
| Hindustan Construction Company Ltd | ₹5,524 cr | Unlock | earnings quality stronggross block efficient | |
| Sterling & Wilson Renewable Energy Ltd | ₹4,840 cr | Unlock | levering upcyclical high volatilitygross block efficient | |
| PSP Projects Ltd | ₹4,028 cr | Unlock | cyclical high volatilitygross block efficient | |
| Man Infraconstruction Ltd | ₹3,920 cr | Unlock | latent operating leveragenet cashcyclical peak basecyclical high volatility | |
| J Kumar Infraprojects Ltd | ₹3,633 cr | Unlock | earnings quality stronggross block efficient | |
| H.G. Infra Engineering Ltd | ₹3,496 cr | Unlock | latent operating leveragecapex coming onlinelevering upcapex ahead of revenue | |
| Ashoka Buildcon Ltd | ₹3,449 cr | Unlock | latent operating leveragecapex coming onlinecapex ahead of revenuecyclical peak base | |
| KNR Constructions Ltd | ₹3,395 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Interarch Building Solutions Ltd | ₹3,084 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| GK Energy Ltd | ₹2,727 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Patel Engineering Ltd | ₹2,689 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Ramky Infrastructure Ltd | ₹2,574 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| BGR Energy Systems Ltd | ₹2,077 cr | Unlock | latent operating leveragecyclical high volatility | |
| Ghv Infra Projects Ltd | ₹1,919 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Simplex Infrastructures Ltd | ₹1,866 cr | Unlock | deleveraginggross block efficient | |
| Capacite Infraprojects Ltd | ₹1,834 cr | Unlock | gross block efficient | |
| Vikran Engineering Ltd | ₹1,826 cr | Unlock | earnings quality weakgross block efficient | |
| Solarworld Energy Solutions Ltd | ₹1,722 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| M & B Engineering Ltd | ₹1,697 cr | Unlock | ||
| SPML Infra Ltd | ₹1,635 cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| Garuda Construction and Engineering Ltd | ₹1,592 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| GPT Infraprojects Ltd | ₹1,557 cr | Unlock | latent operating leverageroce compounderearnings quality strongdeleveraging | |
| B.L.Kashyap & Sons Ltd | ₹1,217 cr | Unlock | earnings quality strongdeleveragingcyclical high volatilitygross block efficient | |
| SRM Contractors Ltd | ₹1,167 cr | Unlock | roce compounderdeleveraginggross block efficient | |
| SEPC Ltd | ₹1,148 cr | Unlock | cyclical high volatilitygross block efficient | |
| Gayatri Projects Ltd | ₹947 cr | Unlock | cyclical high volatilitygross block efficient | |
| Likhitha Infrastructure Ltd | ₹868 cr | Unlock | cyclical high volatilitygross block efficient | |
| Om Infra Ltd | ₹865 cr | Unlock | cyclical peak basecyclical high volatility | |
| Sathlokhar Synergys E&C Global Ltd | ₹824 cr | Unlock | roce compoundergross block efficient | |
| Viviana Power Tech Ltd | ₹781 cr | Unlock | roce compoundergross block efficient | |
| Supreme Infrastructure India Ltd | ₹759 cr | Unlock | latent operating leveragecyclical high volatilitygross block underutilised | |
| A B Infrabuild Ltd | ₹643 cr | Unlock | gross block efficient | |
| Goel Construction Company Ltd | ₹643 cr | Unlock | roce compounderearnings quality strongnet cashgross block efficient | |
| Dugar Housing Developments Ltd | ₹618 cr | Unlock | net cashgross block efficient | |
| Jaiprakash Associates Ltd | ₹592 cr | Unlock | capital destroyercyclical high volatility | |
| Om Power Transmission Ltd | ₹573 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| W S Industries (I) Ltd | ₹482 cr | Unlock | latent operating leveragecyclical high volatilitycapex intensity elevatedgross block underutilised | |
| Brahmaputra Infrastructure Ltd | ₹479 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| E to E Transportation Infrastructure Ltd | ₹476 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Univastu India Ltd | ₹451 cr | Unlock | roce compounderearnings quality weakdeleveraginggross block efficient | |
| IL&FS Engineering & Construction Co Ltd | ₹433 cr | Unlock | capital destroyercyclical high volatilitygross block efficient | |
| Vishnusurya Projects and Infra Ltd | ₹412 cr | Unlock | roce compoundergross block efficient | |
| Chavda Infra Ltd | ₹408 cr | Unlock | ||
| MBL Infrastructure Ltd | ₹396 cr | Unlock | earnings quality strongdeleveragingcyclical high volatilitygross block underutilised | |
| Mold-Tek Technologies Ltd | ₹392 cr | Unlock | earnings quality strongcyclical high volatilitycapex intensity elevatedgross block efficient | |
| Markolines Pavement Technologies Ltd | ₹383 cr | Unlock | roce compoundergross block efficient | |
| GVK Power & Infrastructure Ltd | ₹381 cr | Unlock | capital destroyercyclical high volatility | |
| Atmastco Ltd | ₹377 cr | Unlock | earnings quality weakgross block efficient | |
| Ganesh Infraworld Ltd | ₹376 cr | Unlock | roce compounderearnings quality weak | |
| Zodiac Energy Ltd | ₹368 cr | Unlock | roce compoundergross block efficient | |
| Solarium Green Energy Ltd | ₹356 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Deepak Builders & Engineers India Ltd | ₹354 cr | Unlock | gross block efficient | |
| Vishnu Prakash R Punglia Ltd | ₹343 cr | Unlock | levering upgross block efficient | |
| Brgoyal Infrastructure Ltd | ₹321 cr | Unlock | earnings quality weakgross block efficient | |
| 544797 | ₹317 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| RPP Infra Projects Ltd | ₹310 cr | Unlock | latent operating leveragecyclical high volatilitygross block efficient | |
| Sab Industries Ltd | ₹281 cr | Unlock | cyclical high volatility | |
| Gre Renew Enertech Ltd | ₹271 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| Suyog Gurbaxani Funicular Ropeways Ltd | ₹249 cr | Unlock | earnings quality stronggross block underutilised | |
| Savy Infra & Logistics Ltd | ₹245 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Globe Civil Projects Ltd | ₹239 cr | Unlock | roce compoundergross block efficient | |
| Destiny Logistics & Infra Ltd | ₹226 cr | Unlock | gross block efficient | |
| Madhav Infra Projects Ltd | ₹218 cr | Unlock | earnings quality strongdeleveragingcyclical peak basecyclical high volatility | |
| Pratham EPC Projects Ltd | ₹211 cr | Unlock | capex intensity elevated | |
| Current Infraprojects Ltd | ₹207 cr | Unlock | roce compounderearnings quality weakcapex intensity elevatedgross block efficient | |
| Giriraj Civil Developers Ltd | ₹185 cr | Unlock | gross block efficient | |
| HVAX Technologies Ltd | ₹174 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| AVP Infracon Ltd | ₹173 cr | Unlock | roce compoundercapex intensity elevatedgross block efficient | |
| Niraj Cement Structurals Ltd | ₹172 cr | Unlock | latent operating leveragecyclical high volatilitygross block efficient | |
| Telge Projects Ltd | ₹171 cr | Unlock | earnings quality weak | |
| Sadbhav Engineering Ltd | ₹155 cr | Unlock | cyclical high volatilitycapex intensity elevatedgross block efficient | |
| Mahendra Realtors & Infrastructure Ltd | ₹151 cr | Unlock | roce compoundergross block efficient | |
| Bharat Road Network Ltd | ₹150 cr | Unlock | deleveragingcyclical high volatilitycapex intensity elevatedgross block underutilised | |
| Karbonsteel Engineering Ltd | ₹150 cr | Unlock | capex coming onlineroce compounderearnings quality stronggross block efficient | |
| HEC Infra Projects Ltd | ₹149 cr | Unlock | deleveraginggross block efficient | |
| Refex Renewables & Infrastructure Ltd | ₹144 cr | Unlock | latent operating leveragecyclical high volatilitycapex intensity elevatedgross block underutilised |