Civil Construction
63 companies · ₹8.9 L cr · 7 with AI deep dives
5y revenue CAGR
median 8.39%(p25 -5.14% · p75 16.23%)
5y avg ROCE
median 14.43%(p25 6.24% · p75 20.84%)
Debt / equity
median 0.43x(p25 0.24x · p75 0.83x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindOrder books at all-time highs across the sector, providing multi-year revenue visibility5 managements
Five of seven covered companies reported record-high order backlogs as of 31 March 2026, reflecting sustained award activity across roads, water, renewables, hydrocarbon, and…
- LT (Q4FY26): “On order inflows, we had guided for a growth of 10% for FY26 at the start of the year. I…”
headwind4 managements🔒headwind3 managements🔒tailwind3 managements🔒tailwind3 managements🔒headwind2 managements🔒headwind2 managements🔒headwind3 managements🔒
7 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Larsen & Toubro Ltd | ₹5.6 L cr | 🔒 unlock to view | earnings quality strongdeleveraginggross block efficient | |
| Rail Vikas Nigam Ltd | ₹48,769 cr | - | latent operating leveragemargin under pressuredeleveragingcyclical high volatility | |
| NBCC (India) Ltd | ₹28,326 cr | - | latent operating leverageearnings quality weakgross block efficient | |
| IRB Infrastructure Developers Ltd | ₹25,122 cr | - | earnings quality strongdeleveragingcyclical high volatilitygross block underutilised | |
| Kalpataru Projects International Ltd | ₹22,183 cr | - | earnings quality strongdeleveraginggross block efficient | |
| Cemindia Projects Ltd | ₹19,446 cr | - | earnings quality strongdeleveraginggross block efficient | |
| KEC International Ltd | ₹13,403 cr | - | deleveraginggross block efficient | |
| Engineers India Ltd | ₹13,218 cr | 🔒 unlock to view | roce compounderearnings quality weakcyclical high volatilitygross block efficient | |
| Ircon International Ltd | ₹12,744 cr | - | latent operating leveragelevering upcyclical peak basecyclical high volatility | |
| Techno Electric & Engineering Company Ltd | ₹12,084 cr | - | latent operating leveragenet cashcyclical high volatilitycapex intensity elevated | |
| Rites Ltd | ₹9,924 cr | - | latent operating leverageroce compoundermargin under pressurecyclical high volatility | |
| NCC Ltd | ₹9,542 cr | 🔒 unlock to view | earnings quality strongcyclical high volatilitygross block efficient | |
| Power Mech Projects Ltd | ₹8,811 cr | - | capex coming onlineroce compoundergross block efficient | |
| G R Infraprojects Ltd | ₹8,341 cr | - | deleveragingcyclical high volatilitygross block efficient | |
| Welspun Enterprises Ltd | ₹7,621 cr | - | latent operating leveragedeleveragingstory tensioncyclical high volatility | |
| Dilip Buildcon Ltd | ₹6,993 cr | - | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| ISGEC Heavy Engineering Ltd | ₹6,695 cr | - | latent operating leverageearnings quality strongdeleveragingcyclical high volatility | |
| Ceigall India Ltd | ₹6,515 cr | 🔒 unlock to view | gross block efficient | |
| Hindustan Construction Company Ltd | ₹6,132 cr | - | earnings quality stronggross block efficient | |
| Ahluwalia Contracts (India) Ltd | ₹5,339 cr | - | earnings quality strongnet cashcyclical high volatilitygross block efficient | |
| PNC Infratech Ltd | ₹5,208 cr | - | deleveragingcyclical high volatilitygross block efficient | |
| Sterling & Wilson Renewable Energy Ltd | ₹4,895 cr | - | levering upcyclical high volatilitygross block efficient | |
| Man Infraconstruction Ltd | ₹4,481 cr | - | latent operating leveragenet cashcyclical peak basecyclical high volatility | |
| H.G. Infra Engineering Ltd | ₹3,678 cr | - | latent operating leveragecapex coming onlinelevering upcapex ahead of revenue | |
| PSP Projects Ltd | ₹3,617 cr | 🔒 unlock to view | margin under pressurecyclical high volatilitygross block efficient | |
| J Kumar Infraprojects Ltd | ₹3,556 cr | - | earnings quality stronggross block efficient | |
| KNR Constructions Ltd | ₹3,532 cr | - | deleveragingcyclical high volatilitygross block efficient | |
| Ashoka Buildcon Ltd | ₹3,453 cr | - | latent operating leveragecapex coming onlinecapex ahead of revenuecyclical peak base | |
| Ramky Infrastructure Ltd | ₹3,044 cr | - | earnings quality strongcyclical high volatilitygross block efficient | |
| Interarch Building Solutions Ltd | ₹3,005 cr | 🔒 unlock to view | roce compounderearnings quality weaknet cashgross block efficient | |
| Patel Engineering Ltd | ₹2,705 cr | - | earnings quality strongcyclical high volatilitygross block efficient | |
| BGR Energy Systems Ltd | ₹2,331 cr | - | latent operating leveragecyclical high volatility | |
| Simplex Infrastructures Ltd | ₹2,033 cr | - | deleveragingstory tensiongross block efficient | |
| Capacite Infraprojects Ltd | ₹1,863 cr | - | gross block efficient | |
| SPML Infra Ltd | ₹1,594 cr | 🔒 unlock to view | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| GPT Infraprojects Ltd | ₹1,429 cr | - | latent operating leverageroce compounderearnings quality strongdeleveraging | |
| SEPC Ltd | ₹1,337 cr | - | story tensioncyclical high volatilitygross block efficient | |
| B.L.Kashyap & Sons Ltd | ₹1,215 cr | - | margin under pressureearnings quality strongdeleveragingcyclical high volatility | |
| SRM Contractors Ltd | ₹1,107 cr | - | roce compounderdeleveraginggross block efficient | |
| Likhitha Infrastructure Ltd | ₹915 cr | - | ||
| Om Infra Ltd | ₹804 cr | - | margin under pressurecyclical peak base | |
| Supreme Infrastructure India Ltd | ₹791 cr | - | margin under pressurecapital destroyer | |
| W S Industries (I) Ltd | ₹531 cr | - | latent operating leverage | |
| GVK Power & Infrastructure Ltd | ₹450 cr | - | capital destroyer | |
| MBL Infrastructure Ltd | ₹421 cr | - | earnings quality strongdeleveragingstory tension | |
| Zodiac Energy Ltd | ₹417 cr | - | roce compounder | |
| IL&FS Engineering & Construction Co Ltd | ₹388 cr | - | capital destroyer | |
| Mold-Tek Technologies Ltd | ₹367 cr | - | margin under pressureearnings quality strong | |
| Vishnu Prakash R Punglia Ltd | ₹330 cr | - | levering up | |
| Twamev Construction & Infrastructure Ltd | ₹322 cr | - | capex coming onlinelevering upcapex ahead of revenue | |
| RPP Infra Projects Ltd | ₹306 cr | - | latent operating leverage | |
| Niraj Cement Structurals Ltd | ₹172 cr | - | latent operating leverage | |
| Bharat Road Network Ltd | ₹159 cr | - | margin under pressuredeleveraging | |
| Sadbhav Engineering Ltd | ₹156 cr | - | ||
| Udayshivakumar Infra Ltd | ₹133 cr | - | latent operating leverage | |
| Tarmat Ltd | ₹130 cr | - | latent operating leveragenet cashcapital destroyerstory tension | |
| Sadbhav Infrastructure Projects Ltd | ₹106 cr | - | ||
| Semac Construction Ltd | ₹101 cr | - | margin under pressureearnings quality strongcyclical peak basestory tension | |
| IL&FS Transportation Networks Ltd | ₹77 cr | - | ||
| Teamo Productions HQ Ltd | ₹53 cr | - | latent operating leveragecapex coming onlinenet cashcapex ahead of revenue | |
| Madhucon Projects Ltd | ₹40 cr | - | capex coming onlinemargin under pressurecapex ahead of revenuecapital destroyer | |
| Kridhan Infra Ltd | ₹29 cr | - | ||
| Anand Projects Ltd | ₹2 cr | - | capital destroyer |