Civil Construction sector
63 companies · ₹8.5 L cr · 28 with AI deep dives
5y revenue CAGR
median 8.24%(p25 -6.93% · p75 16.21%)
5y avg ROCE
median 14.43%(p25 7.33% · p75 20.93%)
Debt / equity
median 0.44x(p25 0.25x · p75 0.85x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindOrder books and inflows at all-time highs across the sector13 managements
At least 13 of the 20 companies with substantive disclosures reported all-time high order books or record annual inflows in FY26. CEMPRO nearly doubled inflows to Rs 14,821 cr…
- LT (FY26): “On order inflows, we had guided for a growth of 10% for FY26 at the start of the year. I…”
headwind8 managements🔒headwind7 managements🔒headwind9 managements🔒headwind5 managements🔒tailwind5 managements🔒headwind4 managements🔒headwind4 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| Simplex Infrastructures Ltd | ₹1,866 cr | Unlock | deleveraginggross block efficient | |
| Capacite Infraprojects Ltd | ₹1,834 cr | Unlock | gross block efficient | |
| SPML Infra Ltd | ₹1,635 cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| 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 | |
| Likhitha Infrastructure Ltd | ₹868 cr | Unlock | cyclical high volatilitygross block efficient | |
| Om Infra Ltd | ₹865 cr | Unlock | cyclical peak basecyclical high volatility | |
| Supreme Infrastructure India Ltd | ₹759 cr | Unlock | latent operating leveragecyclical high volatilitygross block underutilised | |
| W S Industries (I) Ltd | ₹482 cr | Unlock | latent operating leveragecyclical high volatilitycapex intensity elevatedgross block underutilised | |
| IL&FS Engineering & Construction Co Ltd | ₹433 cr | Unlock | capital destroyercyclical high volatilitygross block efficient | |
| 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 | |
| GVK Power & Infrastructure Ltd | ₹381 cr | Unlock | capital destroyercyclical high volatility | |
| Zodiac Energy Ltd | ₹368 cr | Unlock | roce compoundergross block efficient | |
| Vishnu Prakash R Punglia Ltd | ₹343 cr | Unlock | levering upgross block efficient | |
| RPP Infra Projects Ltd | ₹310 cr | Unlock | latent operating leveragecyclical high volatilitygross block efficient | |
| Niraj Cement Structurals Ltd | ₹172 cr | Unlock | latent operating leveragecyclical high volatilitygross block efficient | |
| Sadbhav Engineering Ltd | ₹155 cr | Unlock | cyclical high volatilitycapex intensity elevatedgross block efficient | |
| Bharat Road Network Ltd | ₹150 cr | Unlock | deleveragingcyclical high volatilitycapex intensity elevatedgross block underutilised | |
| Twamev Construction & Infrastructure Ltd | ₹143 cr | Unlock | capex coming onlinelevering upcapex ahead of revenuecyclical high volatility | |
| Tarmat Ltd | ₹129 cr | Unlock | latent operating leveragenet cashcapital destroyercyclical high volatility | |
| Udayshivakumar Infra Ltd | ₹122 cr | Unlock | latent operating leveragegross block efficient | |
| Semac Construction Ltd | ₹100 cr | Unlock | earnings quality strongcyclical peak basecyclical high volatilitygross block efficient | |
| Sadbhav Infrastructure Projects Ltd | ₹80 cr | Unlock | cyclical high volatilitygross block efficient | |
| IL&FS Transportation Networks Ltd | ₹72 cr | Unlock | capex intensity elevated | |
| Teamo Productions HQ Ltd | ₹46 cr | Unlock | latent operating leveragecapex coming onlinenet cashcapex ahead of revenue | |
| Madhucon Projects Ltd | ₹39 cr | Unlock | capex coming onlinecapex ahead of revenuecapital destroyercyclical high volatility | |
| Kridhan Infra Ltd | ₹27 cr | Unlock | cyclical high volatilitygross block underutilised | |
| Anand Projects Ltd | ₹3 cr | Unlock | capital destroyercyclical high volatilitygross block efficient |