Construction sector
108 companies · ₹1467.2 L cr · 8 with AI deep dives
5y revenue CAGR
median 11.25%(p25 -2.04% · p75 30.46%)
5y avg ROCE
median 17.91%(p25 6.91% · p75 24.23%)
Debt / equity
median 0.47x(p25 0.24x · p75 0.71x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31headwindNegative operating cash flows and working capital stress are near-universal6 managements
Six of eight companies reported negative or near-zero OCF in FY26 despite divergent revenue trajectories. AFCONS gross debt rose 58% YoY to ₹3,538 Cr with working capital days at…
- AFCONS (FY26): “During the year we have continued to see payment related challenge… despite improving the…”
tailwind6 managements🔒headwind5 managements🔒headwind2 managements🔒headwind2 managements🔒headwind4 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 | ||
| Central Mine Planning & Design Institute Ltd | ₹17,414 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Afcons Infrastructure Ltd | ₹10,322 cr | Unlock | capex coming onlinegross block efficient | |
| GK Energy Ltd | ₹2,727 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Ghv Infra Projects Ltd | ₹1,919 cr | Unlock | roce compounderearnings quality weakgross 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 | ||
| Garuda Construction and Engineering Ltd | ₹1,592 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| Gayatri Projects Ltd | ₹947 cr | Unlock | cyclical high volatilitygross block efficient | |
| Sathlokhar Synergys E&C Global Ltd | ₹824 cr | Unlock | roce compoundergross block efficient | |
| Viviana Power Tech Ltd | ₹781 cr | Unlock | roce compoundergross block efficient | |
| 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 | |
| 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 | |
| Vishnusurya Projects and Infra Ltd | ₹412 cr | Unlock | roce compoundergross block efficient | |
| Chavda Infra Ltd | ₹408 cr | Unlock | ||
| Markolines Pavement Technologies Ltd | ₹383 cr | Unlock | roce compoundergross block efficient | |
| Atmastco Ltd | ₹377 cr | Unlock | earnings quality weakgross block efficient | |
| Ganesh Infraworld Ltd | ₹376 cr | Unlock | roce compounderearnings quality weak | |
| Solarium Green Energy Ltd | ₹356 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Deepak Builders & Engineers India Ltd | ₹354 cr | Unlock | gross block efficient | |
| Brgoyal Infrastructure Ltd | ₹321 cr | Unlock | earnings quality weakgross block efficient | |
| 544797 | ₹317 cr | Unlock | roce compounderearnings quality weakgross 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 | |
| Telge Projects Ltd | ₹171 cr | Unlock | earnings quality weak | |
| Mahendra Realtors & Infrastructure Ltd | ₹151 cr | Unlock | roce compoundergross block efficient | |
| 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 | |
| Desco Infratech Ltd | ₹139 cr | Unlock | roce compoundergross block efficient | |
| Modulex Construction Technologies Ltd | ₹135 cr | Unlock | net cashgross block underutilised | |
| Safety Controls & Devices Ltd | ₹135 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Winsol Engineers Ltd | ₹126 cr | Unlock | roce compounderearnings quality weakcapex intensity elevated | |
| ARSS Infrastructure Projects Ltd | ₹123 cr | Unlock | latent operating leveragecapital destroyercyclical high volatilitygross block efficient | |
| Aesthetik Engineers Ltd | ₹121 cr | Unlock | roce compounderearnings quality strongcapex intensity elevatedgross block efficient | |
| BCPL Railway Infrastructure Ltd | ₹119 cr | Unlock | latent operating leveragelevering upcyclical high volatilitygross block efficient | |
| Navkar Urbanstructure Ltd | ₹117 cr | Unlock | net cashcyclical high volatilitygross block underutilised | |
| Oval Projects Engineering Ltd | ₹108 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Banka Bioloo Ltd | ₹103 cr | Unlock | latent operating leveragelevering upcapex intensity elevatedgross block efficient | |
| Srinibas Pradhan Constructions Ltd | ₹100 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Maruti Infrastructure Ltd | ₹99 cr | Unlock | levering upgross block efficient | |
| K&r Rail Engineering Ltd | ₹97 cr | Unlock | net cashgross block efficient | |
| Konstelec Engineers Ltd | ₹95 cr | Unlock | gross block efficient | |
| Lakshya Powertech Ltd | ₹88 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Mayasheel Ventures Ltd | ₹86 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Jayant Infratech Ltd | ₹78 cr | Unlock | roce compoundercyclical high volatilitygross block efficient | |
| Valplast Technologies Ltd | ₹73 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Rachana Infrastructure Ltd | ₹73 cr | Unlock | net cashgross block efficient | |
| Pvv Infra Ltd | ₹72 cr | Unlock | earnings quality strongcapex intensity elevated | |
| K2 Infragen Ltd | ₹70 cr | Unlock | roce compoundergross block efficient | |
| Integrity Infrabuild Developers Ltd | ₹69 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Hm Electro Mech Ltd | ₹68 cr | Unlock | earnings quality weakgross block efficient | |
| Popular Foundations Ltd | ₹68 cr | Unlock | gross block efficient | |
| RKEC Projects Ltd | ₹68 cr | Unlock | roce compounderlevering upcyclical high volatilitygross block efficient | |
| Samay Project Services Ltd | ₹64 cr | Unlock | ||
| Suntech Infra Solutions Ltd | ₹59 cr | Unlock | roce compounderearnings quality weakcapex intensity elevated | |
| Rudra Gas Enterprise Ltd | ₹58 cr | Unlock | capex coming onlineroce compounderlevering upgross block efficient | |
| Conart Engineers Ltd | ₹58 cr | Unlock | cyclical high volatilitygross block efficient | |
| Vsf Projects Ltd | ₹57 cr | Unlock | capex coming onlineearnings quality strongdeleveraginggross block underutilised | |
| Kaizen Agro Infrabuild Ltd | ₹52 cr | Unlock | cyclical high volatilitycapex intensity elevatedgross block efficient | |
| Sonu Infratech Ltd | ₹48 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Akash Infraprojects Ltd | ₹45 cr | Unlock | levering upcyclical high volatilitygross block efficient | |
| Chiraharit Ltd | ₹43 cr | Unlock | capex coming onlineearnings quality stronggross block efficient | |
| Ccl International Ltd | ₹42 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Modern Engineering & Projects Ltd | ₹42 cr | Unlock | capex coming onlinecyclical high volatilitycapex intensity elevatedgross block efficient | |
| V.L.Infraprojects Ltd | ₹41 cr | Unlock | roce compoundergross block efficient | |
| Mapro Industries Ltd | ₹41 cr | Unlock | net cashcapex intensity elevatedgross block efficient | |
| Manav Infra Projects Ltd | ₹36 cr | Unlock | roce compoundergross block efficient | |
| Agni Green Power Ltd | ₹34 cr | Unlock | gross block efficient | |
| Yuranus Infrastructure Ltd | ₹33 cr | Unlock | cyclical high volatilitygross block efficient | |
| Shreeshay Engineers Ltd | ₹30 cr | Unlock | earnings quality strongcapital destroyercyclical high volatilitygross block efficient | |
| Ranjeet Mechatronics Ltd | ₹28 cr | Unlock | latent operating leverageearnings quality strongdeleveragingcyclical high volatility | |
| Promax Power Ltd | ₹28 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Mewar Hi-tech Engineering Ltd | ₹25 cr | Unlock | latent operating leverageearnings quality strongdeleveragingcyclical high volatility | |
| Popular Estate Management Ltd | ₹25 cr | Unlock | gross block underutilised | |
| Nacdac Infrastructure Ltd | ₹25 cr | Unlock | roce compounderearnings quality strongcapex intensity elevatedgross block efficient | |
| Abhishek Integrations Ltd | ₹25 cr | Unlock | roce compounderearnings quality strong | |
| Teerth Gopicon Ltd | ₹24 cr | Unlock | roce compounderearnings quality weakcapex intensity elevatedgross block efficient | |
| Vivanta Industries Ltd | ₹21 cr | Unlock | earnings quality stronglevering upcyclical high volatilitygross block efficient | |
| Skil Infrastructure Ltd | ₹21 cr | Unlock | earnings quality weaklevering upgross block efficient | |
| Kcl Infra Projects Ltd | ₹20 cr | Unlock | net cashcyclical high volatilitygross block efficient | |
| Shashijit Infraprojects Ltd | ₹18 cr | Unlock | deleveragingcapital destroyercyclical high volatilitygross block efficient |