Is the Capital Goods - Engineering Heavy sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 9 of 16 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Capital Goods - Engineering Heavy Stocks in India
Capital Goods - Engineering Heavy: Bharat Heavy Electricals Ltd owns the largest revenue base; Concord Control Systems Ltd has the fastest current growth.
Nifty Capital Goods - Engineering Heavy Index — Constituents & Performance
The Capital Goods - Engineering Heavy companies below are the listed Indian Capital Goods - Engineering Heavy universe this page tracks — the same constituent set people search for as the Nifty Capital Goods - Engineering Heavy index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Capital Goods - Engineering Heavy moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 1% behind NIFTY 500. Earnings across its companies grew 5% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
LEADER · ahead 17w~Moving with the index5 of 12 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑17w · 9/12 >200d (−2) · 5/12 lead (−4) · EPS 5/12↑
Capital Goods - Engineering Heavy, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together5 of 12 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +6 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/3−1
Mid
1/4−2
Small
3/5−1
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Capital Goods - Engineering Heavy outperforming NIFTY 500?
The 52-week comparison of Capital Goods - Engineering Heavy against NIFTY 500 is not available from the current market series. 9 of 16 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. JNK India Ltd is the strongest against the sector itself at +33.7%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
9/16Stocks leading NIFTY 500
7/16Stocks leading sector
Sector metric: 48.1 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 9 of 16 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Bharat Heavy Electricals Ltd leads with revenue of ₹35,993 crore, based on 16 of 16 comparable companies through Jun 2026. Concord Control Systems Ltd has the fastest current revenue growth at 100%, across 16 of 16 comparable companies.
Which Capital Goods - Engineering Heavy company is largest by revenue?
Bharat Heavy Electricals Ltd leads with revenue of ₹35,993 crore, based on 16 of 16 comparable companies through Jun 2026.
Which Capital Goods - Engineering Heavy company is growing fastest?
Concord Control Systems Ltd has the fastest current revenue growth at 100%, across 16 of 16 comparable companies.
Which Capital Goods - Engineering Heavy company has the strongest 4-Factor Sector Score?
JNK India Ltd ranks first at 75.8/100 with 78.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Capital Goods - Engineering Heavy company reports the most CAPEX?
JNK India Ltd reports the largest latest CAPEX at ₹3 crore, with 2 of 16 companies comparable.
Which Capital Goods - Engineering Heavy company has the least gross debt?
Disa India Ltd has the lowest comparable gross debt at ₹0 crore. Bharat Heavy Electricals Ltd has the highest at ₹8,187 crore.
Which Capital Goods - Engineering Heavy company has the lowest comparable PEG?
Inox Wind Ltd has the lowest comparable Guarded PEG at 1.22, among 4 of 16 companies that pass the metric’s comparability rules.
How much history does this Capital Goods - Engineering Heavy comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
16
complete canonical membership
Combined market value
₹2.6 L Cr
Bharat Heavy Electricals Ltd
Revenue growing
11/16
positive TTM year-on-year growth
Beating NIFTY 500
9/16
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
JNK India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 78.6% evidence confidence.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. JNK India Ltd · JNKINDIA
75.8/100 · Favorable setup · 79% evidence
Exact sum: 30.6 + 15.7 + 9.7 + 19.8 = 75.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30.6/35Growth & earnings
Revenue 71.5% · PAT 100% · OPM change 6 pp
88% evidence
15.7/25Capital efficiency
ROCE 17.4% · debt/equity 0.16×
100% evidence
9.7/20Valuation
P/E 40.6× · PEG —
15% evidence
19.8/20Relative strength
RS sector 33.7% · RS bench 54.8% · 1Y 44.9%
100% evidence
2. Disa India Ltd · DISAQ
63.5/100 · Mixed-positive evidence · 77% evidence
Exact sum: 18.5 + 21.8 + 12.5 + 10.7 = 63.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.5/35Growth & earnings
Revenue 9.2% · PAT 6% · OPM change 0 pp
83% evidence
21.8/25Capital efficiency
ROCE 26.6% · debt/equity 0×
95% evidence
12.5/20Valuation
P/E 31.3× · PEG —
50% evidence
10.7/20Relative strength
RS sector 3% · RS bench -6.8% · 1Y -19%
70% evidence
3. Bharat Heavy Electricals Ltd · BHEL
60.9/100 · Mixed-positive evidence · 68% evidence
Exact sum: 25.1 + 8.7 + 9.4 + 17.7 = 60.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25.1/35Growth & earnings
Revenue 27% · PAT 100% · OPM change 17 pp
71% evidence
8.7/25Capital efficiency
ROCE 9.1% · debt/equity 0.31×
80% evidence
9.4/20Valuation
P/E 59.7× · PEG —
15% evidence
17.7/20Relative strength
RS sector 23.1% · RS bench 43.9% · 1Y 68.5%
100% evidence
4. John Cockerill India Ltd · COCKERILL
59.4/100 · Mixed-positive evidence · 65% evidence
Exact sum: 23.9 + 9.9 + 9 + 16.6 = 59.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.9/35Growth & earnings
Revenue 62.6% · PAT 100% · OPM change 2.1 pp
65% evidence
9.9/25Capital efficiency
ROCE 9.4% · debt/equity 0.02×
100% evidence
9.0/20Valuation
P/E 209.9× · PEG —
15% evidence
16.6/20Relative strength
RS sector 28.1% · RS bench 58.1% · 1Y 86.3%
70% evidence
5. Suzlon Energy Ltd · SUZLON
58.1/100 · Mixed-positive evidence · 87% evidence
Exact sum: 24.5 + 17.9 + 8.9 + 6.8 = 58.1
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7.6% and the one-year return is -20.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
24.5/35Growth & earnings
Revenue 53.6% · PAT 52.6% · OPM change 0 pp
83% evidence
17.9/25Capital efficiency
ROCE 35.1% · debt/equity 0.06×
95% evidence
8.9/20Valuation
P/E 22.5× · PEG 4.83
100% evidence
6.8/20Relative strength
RS sector -7.6% · RS bench -2.9% · 1Y -20.1%
70% evidence
6. Concord Control Systems Ltd · 543619
56.2/100 · Mixed-positive evidence · 67% evidence
Exact sum: 21.5 + 18.6 + 8.3 + 7.8 = 56.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.5/35Growth & earnings
Revenue 100% · PAT 100% · OPM change 10 pp
48% evidence
18.6/25Capital efficiency
ROCE 30.6% · debt/equity 0.26×
80% evidence
8.3/20Valuation
P/E 60.1× · PEG —
50% evidence
7.8/20Relative strength
RS sector -2.4% · RS bench 15.3% · 1Y 129.3%
100% evidence
7. Walchandnagar Industries Ltd · WALCHANNAG
52.6/100 · Mixed-positive evidence · 65% evidence
Exact sum: 22.1 + 5.5 + 10 + 15 = 52.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.1/35Growth & earnings
Revenue 6.2% · PAT 82.9% · OPM change 93.2 pp
62% evidence
5.5/25Capital efficiency
ROCE 4.2% · debt/equity 0.61×
95% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
15.0/20Relative strength
RS sector 7% · RS bench 24.8% · 1Y 14.6%
100% evidence
8. Eimco Elecon (India) Ltd · EIMCOELECO
51.2/100 · Mixed-positive evidence · 73% evidence
Exact sum: 14.5 + 16.3 + 8.9 + 11.5 = 51.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.5/35Growth & earnings
Revenue -14.6% · PAT -4.1% · OPM change 3 pp
71% evidence
16.3/25Capital efficiency
ROCE 13.2% · debt/equity 0.01×
95% evidence
8.9/20Valuation
P/E 27× · PEG —
50% evidence
11.5/20Relative strength
RS sector 0.5% · RS bench 3.6% · 1Y -24.5%
70% evidence
9. The Anup Engineering Ltd · ANUP
45.7/100 · Mixed-negative evidence · 83% evidence
Exact sum: 13.5 + 19.8 + 5.1 + 7.3 = 45.7
Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
13.5/35Growth & earnings
Revenue 12.1% · PAT -6.7% · OPM change -4 pp
88% evidence
19.8/25Capital efficiency
ROCE 20.7% · debt/equity 0.16×
100% evidence
5.1/20Valuation
P/E 38.1× · PEG 5.03
65% evidence
7.3/20Relative strength
RS sector -11.6% · RS bench 1.7% · 1Y -23%
70% evidence
10. Hercules Investments Ltd · HERCULES
41.4/100 · Thin evidence · provisional · 55% evidence
Exact sum: 14.1 + 10.9 + 12.4 + 4 = 41.4
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14.1/35Growth & earnings
Revenue -80% · PAT -74.3% · OPM change 3.7 pp
45% evidence
10.9/25Capital efficiency
ROCE 5.7% · debt/equity 0×
63% evidence
12.4/20Valuation
P/E 8.6× · PEG —
50% evidence
4.0/20Relative strength
RS sector -23.6% · RS bench -33% · 1Y -49.2%
70% evidence
11. Windsor Machines Ltd · WINDMACHIN
41.1/100 · Mixed-negative evidence · 65% evidence
Exact sum: 17.9 + 6.2 + 8.5 + 8.5 = 41.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.9/35Growth & earnings
Revenue 54.7% · PAT 45.8% · OPM change -3.2 pp
65% evidence
6.2/25Capital efficiency
ROCE 2.1% · debt/equity 0.17×
100% evidence
8.5/20Valuation
P/E 2498× · PEG —
15% evidence
8.5/20Relative strength
RS sector -10.1% · RS bench 4.3% · 1Y -16.3%
70% evidence
12. Inox Wind Ltd · INOXWIND
39.1/100 · Mixed-negative evidence · 83% evidence
Exact sum: 14.7 + 8.7 + 12.7 + 3 = 39.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.7/35Growth & earnings
Revenue 23.5% · PAT 5.9% · OPM change -4 pp
88% evidence
8.7/25Capital efficiency
ROCE 10.5% · debt/equity 0.25×
100% evidence
12.7/20Valuation
P/E 32.8× · PEG 1.22
65% evidence
3.0/20Relative strength
RS sector -28.6% · RS bench -33.1% · 1Y -51.8%
70% evidence
13. Integra Engineering India Ltd · 505358
38.4/100 · Mixed-negative evidence · 76% evidence
Exact sum: 10.1 + 16.4 + 9.9 + 2 = 38.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10.1/35Growth & earnings
Revenue 1.7% · PAT -16.6% · OPM change -3.5 pp
95% evidence
16.4/25Capital efficiency
ROCE 18.5% · debt/equity 0.2×
80% evidence
9.9/20Valuation
P/E 39.2× · PEG —
15% evidence
2.0/20Relative strength
RS sector -24.1% · RS bench -10.8% · 1Y -32.8%
100% evidence
14. Bajaj Steel Industries Ltd · BAJAJST
34.4/100 · Adverse evidence · 77% evidence
Exact sum: 7.3 + 14.6 + 7.9 + 4.6 = 34.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.3/35Growth & earnings
Revenue -10.4% · PAT -56.2% · OPM change -10.9 pp
83% evidence
14.6/25Capital efficiency
ROCE 11.7% · debt/equity 0.15×
95% evidence
7.9/20Valuation
P/E 22.3× · PEG —
50% evidence
4.6/20Relative strength
RS sector -20% · RS bench -16.7% · 1Y -39.2%
70% evidence
15. Kabra Extrusion Technik Ltd · KABRAEXTRU
33.5/100 · Adverse evidence · 67% evidence
Exact sum: 7.9 + 5.5 + 10 + 10.1 = 33.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.9/35Growth & earnings
Revenue -5.4% · PAT -80% · OPM change -0.7 pp
83% evidence
5.5/25Capital efficiency
ROCE 0.1% · debt/equity 0.33×
95% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
10.1/20Relative strength
RS sector -6.2% · RS bench 34.7% · 1Y 6.8%
70% evidence
16. Praj Industries Ltd · PRAJIND
30.0/100 · Adverse evidence · 83% evidence
Exact sum: 5.6 + 10 + 3.7 + 10.7 = 30
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5.6/35Growth & earnings
Revenue -1.9% · PAT -80% · OPM change -6 pp
88% evidence
10.0/25Capital efficiency
ROCE 6.1% · debt/equity 0.13×
100% evidence
3.7/20Valuation
P/E 299× · PEG 4.5
65% evidence
10.7/20Relative strength
RS sector 1.4% · RS bench -2.2% · 1Y -30.5%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Bharat Heavy Electricals Ltd has the highest Revenue among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹35,993 crore. Suzlon Energy Ltd is next at ₹16,732 crore. Concord Control Systems Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Bharat Heavy Electricals Ltd is the scale leader at ₹35,993 crore, 115.1% ahead of Suzlon Energy Ltd. Concord Control Systems Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 194.7% from a ₹336 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderBharat Heavy Electricals Ltd · ₹35,993 crore
Gap115.1% versus #2 · Suzlon Energy Ltd
Persistence8/8 recent comparable periods
Coverage16/16 companies · 254 observations
Investor read: Bharat Heavy Electricals Ltd is the scale benchmark; Concord Control Systems Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Bharat Heavy Electricals Ltd's growth falls below Concord Control Systems Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Bharat Heavy Electricals Ltd BHEL₹36.0K Cr
2Suzlon Energy Ltd SUZLON₹16.7K Cr
3Inox Wind Ltd INOXWIND₹4.4K Cr
4Praj Industries Ltd PRAJIND₹3.2K Cr
5The Anup Engineering Ltd ANUP₹822 Cr
Revenue growthfastest growers
1Concord Control Systems Ltd 543619100%
2JNK India Ltd JNKINDIA72%
3John Cockerill India Ltd COCKERILL63%
4Windsor Machines Ltd WINDMACHIN55%
5Suzlon Energy Ltd SUZLON54%
Revenue · company comparison
16/16 level · 16/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Bharat Heavy Electricals Ltd BHEL | ₹7.7K Cr | 40% | Jun 2026 |
| Suzlon Energy Ltd SUZLON | ₹5.5K Cr | 45% | Mar 2026 |
| Inox Wind Ltd INOXWIND | ₹1.2K Cr | -2.4% | Mar 2026 |
| Praj Industries Ltd PRAJIND | ₹845 Cr | -1.7% | Mar 2026 |
| John Cockerill India Ltd COCKERILL | ₹345 Cr | 56% | Mar 2026 |
| JNK India Ltd JNKINDIA | ₹338 Cr | 77% | Mar 2026 |
| The Anup Engineering Ltd ANUP | ₹208 Cr | -6.3% | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | ₹185 Cr | 53% | Mar 2026 |
| Concord Control Systems Ltd 543619 | ₹129 Cr | 72% | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | ₹120 Cr | -14% | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹117 Cr | -24% | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | ₹93 Cr | 75% | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹91 Cr | -16% | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | ₹63 Cr | 37% | Jun 2026 |
| Integra Engineering India Ltd 505358 | ₹44 Cr | -3.1% | Jun 2026 |
| Hercules Investments Ltd HERCULES | ₹0 Cr | -100% | Sep 2025 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
—
—
₹5.3K Cr
₹8.2K Cr
₹5.0K Cr
₹5.1K Cr
₹5.5K Cr
₹8.3K Cr
₹5.5K Cr
₹6.6K Cr
₹7.3K Cr
₹9.0K Cr
₹5.5K Cr
₹7.5K Cr
₹8.5K Cr
₹12.3K Cr
₹7.7K Cr
Concord Control Systems Ltd · 543619
₹14 Cr
—
₹18 Cr
—
₹26 Cr
—
₹23 Cr
—
₹30 Cr
—
₹35 Cr
—
₹50 Cr
—
₹75 Cr
—
₹82 Cr
—
₹129 Cr
—
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
₹50 Cr
₹76 Cr
₹91 Cr
₹80 Cr
₹61 Cr
₹96 Cr
₹96 Cr
₹87 Cr
₹99 Cr
₹108 Cr
₹102 Cr
₹104 Cr
₹129 Cr
₹91 Cr
—
Inox Wind Ltd · INOXWIND
₹166 Cr
₹152 Cr
₹137 Cr
₹211 Cr
₹107 Cr
₹226 Cr
₹191 Cr
₹349 Cr
₹371 Cr
₹503 Cr
₹528 Cr
₹640 Cr
₹733 Cr
₹911 Cr
₹1.3K Cr
₹826 Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
₹107 Cr
₹37 Cr
₹97 Cr
₹120 Cr
₹227 Cr
₹88 Cr
₹104 Cr
₹94 Cr
₹191 Cr
₹99 Cr
₹178 Cr
₹203 Cr
₹338 Cr
—
John Cockerill India Ltd · COCKERILL
₹92 Cr
₹130 Cr
₹63 Cr
₹37 Cr
₹43 Cr
₹211 Cr
₹193 Cr
₹221 Cr
₹192 Cr
₹254 Cr
₹147 Cr
₹93 Cr
₹76 Cr
₹72 Cr
₹221 Cr
₹82 Cr
₹97 Cr
₹228 Cr
₹345 Cr
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
—
—
—
—
—
₹207 Cr
₹178 Cr
₹134 Cr
₹182 Cr
₹124 Cr
₹168 Cr
₹88 Cr
₹128 Cr
₹121 Cr
₹140 Cr
₹86 Cr
₹135 Cr
₹110 Cr
₹120 Cr
—
Praj Industries Ltd · PRAJIND
₹532 Cr
₹586 Cr
₹839 Cr
₹730 Cr
₹877 Cr
₹911 Cr
₹1.0K Cr
₹737 Cr
₹882 Cr
₹829 Cr
₹1.0K Cr
₹699 Cr
₹816 Cr
₹853 Cr
₹860 Cr
₹640 Cr
₹842 Cr
₹841 Cr
₹845 Cr
—
Suzlon Energy Ltd · SUZLON
₹1.3K Cr
₹1.6K Cr
₹2.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.7K Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹2.2K Cr
₹2.0K Cr
₹2.1K Cr
₹3.0K Cr
₹3.8K Cr
₹3.1K Cr
₹3.9K Cr
₹4.2K Cr
₹5.5K Cr
—
The Anup Engineering Ltd · ANUP
₹89 Cr
₹47 Cr
₹100 Cr
₹52 Cr
₹101 Cr
₹114 Cr
₹144 Cr
₹125 Cr
₹140 Cr
₹128 Cr
₹157 Cr
₹146 Cr
₹193 Cr
₹172 Cr
₹222 Cr
₹175 Cr
₹232 Cr
₹207 Cr
₹208 Cr
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
—
—
—
—
—
₹73 Cr
₹112 Cr
₹67 Cr
₹88 Cr
₹56 Cr
₹91 Cr
₹79 Cr
₹68 Cr
₹59 Cr
₹53 Cr
₹49 Cr
₹52 Cr
₹81 Cr
₹93 Cr
—
Windsor Machines Ltd · WINDMACHIN
₹87 Cr
₹100 Cr
₹136 Cr
₹55 Cr
₹98 Cr
₹99 Cr
₹126 Cr
₹69 Cr
₹89 Cr
₹87 Cr
₹109 Cr
₹81 Cr
₹59 Cr
₹108 Cr
₹121 Cr
₹113 Cr
₹137 Cr
₹136 Cr
₹185 Cr
—
Revenue growth · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
—
—
—
—
—
—
4.6%
0.4%
9.6%
28%
32%
8.9%
0.0%
14%
16%
37%
40%
Concord Control Systems Ltd · 543619
—
—
—
—
86%
—
28%
—
15%
—
52%
—
67%
—
114%
—
64%
—
72%
—
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
—
—
—
—
22%
26%
5.5%
8.8%
62%
13%
6.3%
20%
30%
-16%
—
Inox Wind Ltd · INOXWIND
—
—
—
25%
-36%
49%
39%
65%
247%
123%
176%
83%
98%
81%
141%
29%
53%
32%
-2.4%
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
112%
138%
7.2%
-22%
-16%
13%
71%
116%
77%
—
John Cockerill India Ltd · COCKERILL
—
—
—
-62%
-53%
62%
206%
498%
345%
20%
-24%
-58%
-60%
-72%
50%
-12%
28%
216%
56%
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
—
—
—
—
—
—
—
—
—
-40%
-5.6%
-34%
-30%
-2.2%
-17%
-2.5%
5.2%
-8.9%
-14%
—
Praj Industries Ltd · PRAJIND
—
—
—
89%
65%
55%
20%
1.0%
0.6%
-9.0%
1.5%
-5.2%
-7.5%
2.9%
-16%
-8.4%
3.2%
-1.4%
-1.7%
—
Suzlon Energy Ltd · SUZLON
—
—
—
21%
6.2%
-8.7%
-31%
-2.0%
-0.6%
7.0%
30%
50%
48%
91%
73%
55%
84%
42%
45%
—
The Anup Engineering Ltd · ANUP
—
—
—
0.0%
13%
143%
44%
140%
39%
12%
9.0%
17%
38%
34%
41%
20%
20%
20%
-6.3%
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
—
—
—
—
—
—
—
—
—
-23%
-18%
18%
-23%
5.8%
-42%
-38%
-24%
37%
75%
—
Windsor Machines Ltd · WINDMACHIN
—
—
—
12%
13%
-1.2%
-7.1%
25%
-8.9%
-12%
-13%
17%
-33%
24%
10%
40%
130%
26%
53%
—
02 · compare level, then change
Operating Economics & Margin Trend
Concord Control Systems Ltd has the highest OPM among the 16 Capital Goods - Engineering Heavy companies compared here, at 30%. Eimco Elecon (India) Ltd is next at 20%. Walchandnagar Industries Ltd has the highest Margin change at +93.2 percentage points, so level and change sit with different companies. Its OPM series carries 10 reported observations across the 20-quarter window.
What the numbers say: Concord Control Systems Ltd leads opm at 30%; Walchandnagar Industries Ltd leads margin change at +93.2 percentage points.
LeaderConcord Control Systems Ltd · 30%
Gap50% versus #2 · Eimco Elecon (India) Ltd
Persistence5/8 recent comparable periods
Coverage15/16 companies · 283 observations
Investor read: Concord Control Systems Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Concord Control Systems Ltd 54361930%
2Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified20%
3The Anup Engineering Ltd ANUP18%
4Suzlon Energy Ltd SUZLON18%
5Disa India Ltd DISAQ⚠ unverified17%
Margin changefastest expanders
1Walchandnagar Industries Ltd WALCHANNAG⚠ unverified+93.2 pp
2Bharat Heavy Electricals Ltd BHEL+17.0 pp
3Concord Control Systems Ltd 543619+10.0 pp
4JNK India Ltd JNKINDIA+6.0 pp
5Hercules Investments Ltd HERCULES · older report+3.7 pp
Operating margin · company comparison
15/16 level · 16/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Concord Control Systems Ltd 543619 | 30% | +10.0 pp | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | 20% | +3.0 pp | Jun 2026 |
| Suzlon Energy Ltd SUZLON | 18% | 0.0 pp | Mar 2026 |
| The Anup Engineering Ltd ANUP | 18% | −4.0 pp | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | 17% | 0.0 pp | Mar 2026 |
| Integra Engineering India Ltd 505358 | 16% | −3.5 pp | Jun 2026 |
| Inox Wind Ltd INOXWIND | 16% | −4.0 pp | Mar 2026 |
| Hercules Investments Ltd HERCULES | 15% | +3.7 pp | Sep 2025 |
| JNK India Ltd JNKINDIA | 14% | +6.0 pp | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | 7.0% | +17.0 pp | Jun 2026 |
| Windsor Machines Ltd WINDMACHIN | 5.9% | −3.2 pp | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | 4.8% | −10.9 pp | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | 4.5% | +93.2 pp | Mar 2026 |
| Praj Industries Ltd PRAJIND | 3.0% | −6.0 pp | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | 2.5% | −0.7 pp | Mar 2026 |
| John Cockerill India Ltd COCKERILL | 1.4% | +2.1 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
-0.6%
1.7%
14%
-3.6%
-4.7%
3.0%
13%
-4.0%
-3.0%
4.0%
9.0%
-3.0%
4.0%
4.0%
9.0%
-10%
8.0%
6.0%
14%
7.0%
Concord Control Systems Ltd · 543619
11%
—
13%
—
11%
—
21%
—
26%
—
26%
—
28%
—
20%
—
25%
—
30%
—
Disa India Ltd · DISAQ⚠ unverified
21%
14%
22%
14%
17%
3.0%
16%
20%
14%
8.0%
16%
18%
14%
12%
17%
15%
14%
17%
17%
—
Inox Wind Ltd · INOXWIND
1.9%
-21%
-207%
-13%
-22%
-78%
-14%
9.0%
13%
18%
19%
21%
23%
22%
20%
22%
20%
23%
16%
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
17%
21%
23%
34%
16%
11%
12%
7.0%
8.0%
3.0%
9.0%
13%
14%
—
John Cockerill India Ltd · COCKERILL
4.3%
4.6%
0.4%
-19%
-11%
3.6%
5.5%
3.3%
3.2%
5.0%
3.2%
0.6%
-11%
-0.7%
-0.7%
2.4%
12%
-8.6%
1.4%
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
14%
15%
12%
9.9%
10.0%
11%
13%
9.3%
6.2%
7.0%
17%
5.6%
17%
12%
3.1%
-3.5%
6.7%
1.4%
2.5%
—
Praj Industries Ltd · PRAJIND
8.7%
8.7%
9.4%
7.6%
7.7%
9.0%
11%
10%
10%
12%
13%
13%
11%
9.0%
9.0%
5.0%
7.0%
5.0%
3.0%
—
Suzlon Energy Ltd · SUZLON
17%
18%
8.8%
16%
12%
15%
14%
15%
16%
16%
16%
18%
14%
17%
18%
19%
19%
17%
18%
—
The Anup Engineering Ltd · ANUP
25%
23%
24%
18%
20%
20%
21%
22%
22%
19%
21%
23%
22%
23%
22%
23%
22%
21%
18%
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
10%
7.8%
12%
-7.0%
2.4%
2.9%
-30%
-3.4%
5.8%
-14%
5.8%
-16%
-9.0%
-9.6%
-89%
-4.8%
-5.9%
19%
4.5%
—
Windsor Machines Ltd · WINDMACHIN
3.6%
10.0%
15%
-11%
13%
7.0%
12%
2.7%
9.5%
10%
3.5%
1.4%
5.1%
8.2%
9.1%
7.0%
6.2%
2.9%
5.9%
—
Margin change · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
+16.6 pp
+5.8 pp
+32.0 pp
+12.8 pp
−4.1 pp
+1.3 pp
−1.3 pp
−0.4 pp
+1.7 pp
+1.0 pp
−4.0 pp
+1.0 pp
+7.0 pp
0.0 pp
0.0 pp
−7.0 pp
+4.0 pp
+2.0 pp
+5.0 pp
+17.0 pp
Concord Control Systems Ltd · 543619
—
—
—
—
0.0 pp
—
+8.0 pp
—
+15.0 pp
—
+5.0 pp
—
+2.0 pp
—
−6.0 pp
—
−3.0 pp
—
+10.0 pp
—
Disa India Ltd · DISAQ⚠ unverified
+2.9 pp
−13.7 pp
+25.3 pp
+2.2 pp
−4.2 pp
−10.9 pp
−6.3 pp
+6.0 pp
−3.2 pp
+5.0 pp
0.0 pp
−2.0 pp
0.0 pp
+4.0 pp
+1.0 pp
−3.0 pp
0.0 pp
+5.0 pp
0.0 pp
—
Inox Wind Ltd · INOXWIND
+24.7 pp
−22.2 pp
−157.0 pp
−14.1 pp
−23.9 pp
−57.0 pp
+193.3 pp
+22.4 pp
+35.0 pp
+96.0 pp
+33.0 pp
+12.0 pp
+10.0 pp
+4.0 pp
+1.0 pp
+1.0 pp
−3.0 pp
+1.0 pp
−4.0 pp
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
−1.0 pp
−10.0 pp
−11.0 pp
−27.0 pp
−8.0 pp
−8.0 pp
−3.0 pp
+6.0 pp
+6.0 pp
—
John Cockerill India Ltd · COCKERILL
+61.0 pp
+3.3 pp
+12.8 pp
−18.2 pp
−15.0 pp
−1.0 pp
+5.1 pp
+22.3 pp
+13.8 pp
+1.4 pp
−2.3 pp
−2.6 pp
−14.6 pp
−5.7 pp
−3.9 pp
+1.7 pp
+23.0 pp
−8.0 pp
+2.1 pp
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
+0.2 pp
−2.8 pp
−3.6 pp
−1.9 pp
−4.5 pp
−4.8 pp
+1.0 pp
−0.6 pp
−3.8 pp
−3.6 pp
+3.5 pp
−3.7 pp
+10.9 pp
+4.6 pp
−13.5 pp
−9.1 pp
−10.5 pp
−10.2 pp
−0.7 pp
—
Praj Industries Ltd · PRAJIND
+1.9 pp
−2.7 pp
−3.8 pp
−0.3 pp
−1.0 pp
+0.3 pp
+1.6 pp
+2.4 pp
+2.3 pp
+3.0 pp
+2.0 pp
+3.0 pp
+1.0 pp
−3.0 pp
−4.0 pp
−8.0 pp
−4.0 pp
−4.0 pp
−6.0 pp
—
Suzlon Energy Ltd · SUZLON
+1.9 pp
+3.6 pp
−8.5 pp
+2.0 pp
−5.4 pp
−2.8 pp
+5.3 pp
−0.5 pp
+4.2 pp
+1.0 pp
+2.0 pp
+3.0 pp
−2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+5.0 pp
0.0 pp
0.0 pp
—
The Anup Engineering Ltd · ANUP
+4.5 pp
+0.4 pp
−2.9 pp
−6.1 pp
−5.5 pp
−3.3 pp
−2.8 pp
+4.0 pp
+2.0 pp
−0.6 pp
−0.5 pp
+1.0 pp
0.0 pp
+3.6 pp
+1.5 pp
0.0 pp
0.0 pp
−2.0 pp
−4.0 pp
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
+0.7 pp
−0.2 pp
+9.1 pp
−2.0 pp
−7.7 pp
−4.9 pp
−41.9 pp
+3.7 pp
+3.4 pp
−17.2 pp
+36.1 pp
−12.8 pp
−14.8 pp
+4.7 pp
−94.5 pp
+11.4 pp
+3.1 pp
+28.5 pp
+93.2 pp
—
Windsor Machines Ltd · WINDMACHIN
−5.2 pp
−2.3 pp
+2.0 pp
−2.6 pp
+9.6 pp
−2.9 pp
−3.2 pp
+13.7 pp
−3.7 pp
+3.0 pp
−8.4 pp
−1.3 pp
−4.4 pp
−1.9 pp
+5.6 pp
+5.6 pp
+1.1 pp
−5.2 pp
−3.2 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Suzlon Energy Ltd has the highest Net profit among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹3,162 crore. Bharat Heavy Electricals Ltd is next at ₹2,432 crore. Concord Control Systems Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Suzlon Energy Ltd leads with ₹3,162 crore of TTM profit, 30% above Bharat Heavy Electricals Ltd. Concord Control Systems Ltd shows ≥100% on the scoring scale (250% uncapped) growth from a ₹63 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderSuzlon Energy Ltd · ₹3,162 crore
Gap30% versus #2 · Bharat Heavy Electricals Ltd
Persistence7/8 recent comparable periods
Coverage16/16 companies · 254 observations
Investor read: Suzlon Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Suzlon Energy Ltd SUZLON₹3.2K Cr
2Bharat Heavy Electricals Ltd BHEL₹2.4K Cr
3Inox Wind Ltd INOXWIND₹451 Cr
4The Anup Engineering Ltd ANUP₹111 Cr
5JNK India Ltd JNKINDIA₹65 Cr
Profit growthfastest growers
1Concord Control Systems Ltd 543619100%
2JNK India Ltd JNKINDIA100%
3Suzlon Energy Ltd SUZLON53%
4Disa India Ltd DISAQ⚠ unverified6.0%
5Inox Wind Ltd INOXWIND5.9%
Net profit · company comparison
16/16 level · 12/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Suzlon Energy Ltd SUZLON | ₹1.1K Cr | -5.7% | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | ₹377 Cr | 156% | Jun 2026 |
| Inox Wind Ltd INOXWIND | ₹106 Cr | -44% | Mar 2026 |
| JNK India Ltd JNKINDIA | ₹33 Cr | 154% | Mar 2026 |
| The Anup Engineering Ltd ANUP | ₹27 Cr | -16% | Mar 2026 |
| Concord Control Systems Ltd 543619 | ₹25 Cr | 79% | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹13 Cr | 0.0% | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | ₹13 Cr | 117% | Jun 2026 |
| Praj Industries Ltd PRAJIND | ₹12 Cr | -70% | Mar 2026 |
| John Cockerill India Ltd COCKERILL | ₹7 Cr | -180% | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | ₹7 Cr | -107% | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | ₹7 Cr | -36% | Mar 2026 |
| Hercules Investments Ltd HERCULES | ₹5 Cr | 96% | Sep 2025 |
| Integra Engineering India Ltd 505358 | ₹5 Cr | -11% | Jun 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | ₹3 Cr | -106% | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹2 Cr | -87% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
—
—
₹42 Cr
₹658 Cr
₹-205 Cr
₹-63 Cr
₹60 Cr
₹490 Cr
₹-211 Cr
₹106 Cr
₹135 Cr
₹504 Cr
₹-456 Cr
₹375 Cr
₹390 Cr
₹1.3K Cr
₹377 Cr
Concord Control Systems Ltd · 543619
₹1 Cr
—
₹2 Cr
—
₹2 Cr
—
₹3 Cr
—
₹6 Cr
—
₹7 Cr
—
₹8 Cr
—
₹14 Cr
—
₹16 Cr
—
₹25 Cr
—
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
₹2 Cr
₹10 Cr
₹16 Cr
₹8 Cr
₹6 Cr
₹13 Cr
₹15 Cr
₹12 Cr
₹10 Cr
₹13 Cr
₹13 Cr
₹12 Cr
₹15 Cr
₹13 Cr
—
Inox Wind Ltd · INOXWIND
₹-58 Cr
₹-64 Cr
₹-309 Cr
₹-130 Cr
₹-134 Cr
₹-288 Cr
₹-119 Cr
₹-65 Cr
₹-27 Cr
₹2 Cr
₹33 Cr
₹42 Cr
₹84 Cr
₹110 Cr
₹190 Cr
₹97 Cr
₹121 Cr
₹127 Cr
₹106 Cr
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
₹11 Cr
₹4 Cr
₹12 Cr
₹30 Cr
₹17 Cr
₹6 Cr
₹8 Cr
₹3 Cr
₹13 Cr
₹1 Cr
₹13 Cr
₹18 Cr
₹33 Cr
—
John Cockerill India Ltd · COCKERILL
₹2 Cr
₹6 Cr
₹-2 Cr
₹-5 Cr
₹-3 Cr
₹11 Cr
₹10 Cr
₹4 Cr
₹7 Cr
₹10 Cr
₹4 Cr
₹-0 Cr
₹-8 Cr
₹-1 Cr
₹-3 Cr
₹2 Cr
₹9 Cr
₹-9 Cr
₹7 Cr
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
—
—
—
—
—
₹11 Cr
₹12 Cr
₹6 Cr
₹6 Cr
₹3 Cr
₹19 Cr
₹2 Cr
₹12 Cr
₹7 Cr
₹11 Cr
₹-8 Cr
₹0 Cr
₹-5 Cr
₹7 Cr
—
Praj Industries Ltd · PRAJIND
₹33 Cr
₹37 Cr
₹58 Cr
₹41 Cr
₹48 Cr
₹62 Cr
₹88 Cr
₹59 Cr
₹62 Cr
₹70 Cr
₹92 Cr
₹84 Cr
₹54 Cr
₹41 Cr
₹40 Cr
₹5 Cr
₹19 Cr
₹-12 Cr
₹12 Cr
—
Suzlon Energy Ltd · SUZLON
₹-11 Cr
₹38 Cr
₹-204 Cr
₹2.4K Cr
₹57 Cr
₹78 Cr
₹320 Cr
₹101 Cr
₹102 Cr
₹203 Cr
₹254 Cr
₹302 Cr
₹201 Cr
₹388 Cr
₹1.2K Cr
₹324 Cr
₹1.3K Cr
₹445 Cr
₹1.1K Cr
—
The Anup Engineering Ltd · ANUP
₹16 Cr
₹6 Cr
₹32 Cr
₹5 Cr
₹13 Cr
₹14 Cr
₹19 Cr
₹19 Cr
₹22 Cr
₹20 Cr
₹43 Cr
₹24 Cr
₹33 Cr
₹30 Cr
₹32 Cr
₹26 Cr
₹32 Cr
₹26 Cr
₹27 Cr
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
—
—
—
—
—
₹-6 Cr
₹56 Cr
₹-11 Cr
₹-8 Cr
₹-19 Cr
₹-4 Cr
₹-2 Cr
₹-11 Cr
₹-17 Cr
₹-56 Cr
₹-10 Cr
₹-12 Cr
₹5 Cr
₹3 Cr
—
Windsor Machines Ltd · WINDMACHIN
₹-3 Cr
₹3 Cr
₹10 Cr
₹-11 Cr
₹6 Cr
₹-0 Cr
₹9 Cr
₹-3 Cr
₹1 Cr
₹2 Cr
₹-7 Cr
₹-4 Cr
₹-37 Cr
₹42 Cr
₹-4 Cr
₹-11 Cr
₹4 Cr
₹-3 Cr
₹7 Cr
—
Profit growth · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
—
—
—
—
—
—
43%
-26%
—
—
125%
2.9%
—
254%
189%
156%
—
Concord Control Systems Ltd · 543619
—
—
—
—
100%
—
50%
—
200%
—
133%
—
33%
—
100%
—
100%
—
79%
—
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
—
—
—
—
200%
30%
-6.3%
50%
67%
0.0%
-13%
0.0%
50%
0.0%
—
Inox Wind Ltd · INOXWIND
—
—
—
—
—
—
—
—
—
—
—
—
—
5,400%
476%
131%
44%
15%
-44%
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
55%
50%
-33%
-90%
-24%
-83%
63%
500%
154%
—
John Cockerill India Ltd · COCKERILL
—
—
—
—
-250%
90%
—
—
—
-9.3%
-63%
-101%
-207%
-114%
-180%
—
—
—
—
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
—
—
—
—
—
—
—
—
—
-70%
53%
-65%
119%
104%
-43%
-479%
-97%
-171%
-36%
—
Praj Industries Ltd · PRAJIND
—
—
—
86%
45%
68%
52%
44%
29%
13%
4.6%
42%
-13%
-41%
-57%
-94%
-65%
-129%
-70%
—
Suzlon Energy Ltd · SUZLON
—
—
—
—
—
105%
—
-96%
79%
160%
-21%
199%
97%
91%
365%
7.3%
536%
15%
-5.7%
—
The Anup Engineering Ltd · ANUP
—
—
—
-38%
-19%
133%
-41%
280%
69%
43%
126%
26%
50%
50%
-26%
8.3%
-3.0%
-13%
-16%
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
—
—
—
—
—
—
—
—
—
—
-106%
—
—
—
—
—
—
—
—
—
Windsor Machines Ltd · WINDMACHIN
—
—
—
—
—
-113%
-7.2%
—
-76%
—
-181%
—
-2,630%
2,395%
—
—
—
-107%
—
—
04 · compare level, then change
Capacity Spending & Returns On It
JNK India Ltd has the highest CAPEX among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹3 crore. Disa India Ltd is next at ₹2 crore. Disa India Ltd has the highest CAPEX intensity at 2.5%, so level and change sit with different companies. 2 of 16 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: JNK India Ltd reports ₹3 crore of CAPEX; Disa India Ltd has the highest covered intensity at 2.5%. Coverage is only 2 of 16 companies and 4 reported observations, so this is partial evidence—not a complete sector rank.
LeaderJNK India Ltd · ₹3 crore
Gap50% versus #2 · Disa India Ltd
Persistence2/2 recent comparable periods
Coverage2/16 companies · 4 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1JNK India Ltd JNKINDIA₹3 Cr
2Disa India Ltd DISAQ⚠ unverified₹2 Cr
CAPEX intensityhighest reinvestment intensity
1Disa India Ltd DISAQ⚠ unverified2.5%
2JNK India Ltd JNKINDIA1.3%
Capital expenditure · company comparison
2/16 level · 2/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Bharat Heavy Electricals Ltd (BHEL) — its two data sources disagree by up to 347% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| JNK India Ltd JNKINDIA | ₹3 Cr | 1.3% | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹2 Cr | 2.5% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
—
—
₹2 Cr
₹2 Cr
—
—
—
—
—
—
—
—
—
—
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
₹2 Cr
₹3 Cr
—
—
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
—
—
—
2.2%
2.5%
—
—
—
—
—
—
—
—
—
—
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
1.7%
1.3%
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
16/16 capacity base · 16/16 OCF · 16/16 CAPEX · 16/16 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
₹3.8K Cr
₹3.3K Cr
₹3.2K Cr
₹3.1K Cr
₹2.9K Cr
₹2.8K Cr
₹2.8K Cr
₹2.9K Cr
₹3.1K Cr
₹3.5K Cr
Concord Control Systems Ltd · 543619
—
—
₹1 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹2 Cr
₹3 Cr
₹24 Cr
₹45 Cr
Disa India Ltd · DISAQ⚠ unverified
₹23 Cr
₹22 Cr
₹22 Cr
₹23 Cr
₹26 Cr
₹40 Cr
₹48 Cr
₹47 Cr
₹61 Cr
₹93 Cr
Inox Wind Ltd · INOXWIND
₹877 Cr
₹1.0K Cr
₹1.0K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.7K Cr
₹2.1K Cr
₹2.6K Cr
₹3.1K Cr
JNK India Ltd · JNKINDIA
—
—
—
₹1 Cr
₹3 Cr
₹20 Cr
₹21 Cr
₹26 Cr
₹35 Cr
₹56 Cr
John Cockerill India Ltd · COCKERILL
₹63 Cr
₹62 Cr
₹61 Cr
₹59 Cr
₹54 Cr
₹52 Cr
₹52 Cr
—
₹62 Cr
₹58 Cr
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹114 Cr
₹108 Cr
₹121 Cr
₹141 Cr
₹141 Cr
₹157 Cr
₹176 Cr
₹209 Cr
₹254 Cr
₹258 Cr
Praj Industries Ltd · PRAJIND
₹301 Cr
₹301 Cr
₹292 Cr
₹296 Cr
₹285 Cr
₹288 Cr
₹324 Cr
₹517 Cr
₹585 Cr
₹566 Cr
Suzlon Energy Ltd · SUZLON
₹1.9K Cr
₹1.8K Cr
₹1.7K Cr
₹1.5K Cr
₹1.3K Cr
₹1.1K Cr
₹872 Cr
₹906 Cr
₹1.9K Cr
₹2.5K Cr
The Anup Engineering Ltd · ANUP
—
—
—
₹183 Cr
₹214 Cr
₹234 Cr
₹304 Cr
—
₹373 Cr
₹400 Cr
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹391 Cr
₹366 Cr
₹362 Cr
₹355 Cr
₹337 Cr
₹316 Cr
₹287 Cr
₹273 Cr
₹253 Cr
₹281 Cr
Windsor Machines Ltd · WINDMACHIN
₹364 Cr
₹359 Cr
₹354 Cr
₹364 Cr
₹351 Cr
₹339 Cr
₹330 Cr
₹342 Cr
₹673 Cr
₹271 Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
₹560 Cr
₹989 Cr
₹-3.9K Cr
₹-2.9K Cr
₹560 Cr
₹660 Cr
₹-741 Cr
₹-3.7K Cr
₹2.2K Cr
₹5.8K Cr
Concord Control Systems Ltd · 543619
—
—
₹0 Cr
₹1 Cr
₹0 Cr
₹2 Cr
₹-2 Cr
₹7 Cr
₹-7 Cr
₹-55 Cr
Disa India Ltd · DISAQ⚠ unverified
₹13 Cr
₹24 Cr
₹16 Cr
₹9 Cr
₹68 Cr
₹18 Cr
₹39 Cr
₹56 Cr
₹33 Cr
₹13 Cr
Inox Wind Ltd · INOXWIND
₹114 Cr
₹269 Cr
₹147 Cr
₹733 Cr
₹-112 Cr
₹-475 Cr
₹-1.1K Cr
₹-366 Cr
₹138 Cr
₹-598 Cr
JNK India Ltd · JNKINDIA
—
—
—
₹7 Cr
₹20 Cr
₹34 Cr
₹20 Cr
₹-10 Cr
₹-65 Cr
₹-2 Cr
John Cockerill India Ltd · COCKERILL
₹60 Cr
₹90 Cr
₹-38 Cr
₹-58 Cr
₹-21 Cr
₹26 Cr
₹71 Cr
—
₹-66 Cr
₹159 Cr
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹18 Cr
₹12 Cr
₹6 Cr
₹28 Cr
₹38 Cr
₹-62 Cr
₹-4 Cr
₹33 Cr
₹43 Cr
₹9 Cr
Praj Industries Ltd · PRAJIND
₹20 Cr
₹101 Cr
₹33 Cr
₹15 Cr
₹225 Cr
₹188 Cr
₹162 Cr
₹199 Cr
₹43 Cr
₹200 Cr
Suzlon Energy Ltd · SUZLON
₹1.6K Cr
₹-109 Cr
₹1.3K Cr
₹-929 Cr
₹530 Cr
₹1.3K Cr
₹491 Cr
₹80 Cr
₹1.1K Cr
₹1.2K Cr
The Anup Engineering Ltd · ANUP
—
—
—
₹32 Cr
₹53 Cr
₹74 Cr
₹30 Cr
₹169 Cr
₹-7 Cr
₹2 Cr
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹63 Cr
₹50 Cr
₹146 Cr
₹59 Cr
₹71 Cr
₹28 Cr
₹76 Cr
₹11 Cr
₹16 Cr
₹-11 Cr
Windsor Machines Ltd · WINDMACHIN
₹19 Cr
₹23 Cr
₹38 Cr
₹24 Cr
₹37 Cr
₹27 Cr
₹12 Cr
₹46 Cr
₹-41 Cr
₹-51 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
₹332 Cr
₹294 Cr
₹405 Cr
₹429 Cr
₹253 Cr
₹232 Cr
₹261 Cr
₹301 Cr
₹532 Cr
₹668 Cr
Concord Control Systems Ltd · 543619
—
—
—
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹23 Cr
₹25 Cr
Disa India Ltd · DISAQ⚠ unverified
₹1 Cr
₹1 Cr
₹2 Cr
₹5 Cr
₹7 Cr
₹18 Cr
₹13 Cr
₹4 Cr
₹19 Cr
₹37 Cr
Inox Wind Ltd · INOXWIND
₹351 Cr
₹180 Cr
₹100 Cr
₹302 Cr
₹248 Cr
₹159 Cr
₹357 Cr
₹518 Cr
₹622 Cr
₹689 Cr
JNK India Ltd · JNKINDIA
—
—
—
—
₹4 Cr
₹20 Cr
₹8 Cr
₹11 Cr
₹15 Cr
₹30 Cr
John Cockerill India Ltd · COCKERILL
₹-1 Cr
₹5 Cr
₹5 Cr
₹4 Cr
₹0 Cr
₹3 Cr
₹5 Cr
—
₹14 Cr
₹7 Cr
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹14 Cr
₹2 Cr
₹20 Cr
₹28 Cr
₹10 Cr
₹27 Cr
₹33 Cr
₹49 Cr
₹66 Cr
₹34 Cr
Praj Industries Ltd · PRAJIND
₹50 Cr
₹24 Cr
₹14 Cr
₹26 Cr
₹11 Cr
₹26 Cr
₹66 Cr
₹237 Cr
₹154 Cr
₹87 Cr
Suzlon Energy Ltd · SUZLON
₹454 Cr
₹287 Cr
₹275 Cr
₹150 Cr
₹51 Cr
₹66 Cr
₹53 Cr
₹224 Cr
₹1.2K Cr
₹918 Cr
The Anup Engineering Ltd · ANUP
—
—
—
—
₹42 Cr
₹32 Cr
₹83 Cr
—
—
₹55 Cr
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹-134 Cr
₹8 Cr
₹23 Cr
₹16 Cr
₹5 Cr
₹1 Cr
₹-10 Cr
₹1 Cr
₹-9 Cr
₹39 Cr
Windsor Machines Ltd · WINDMACHIN
₹335 Cr
₹11 Cr
₹9 Cr
₹24 Cr
₹1 Cr
₹2 Cr
₹5 Cr
₹28 Cr
₹349 Cr
₹-381 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
₹228 Cr
₹695 Cr
₹-4.3K Cr
₹-3.3K Cr
₹307 Cr
₹428 Cr
₹-1.0K Cr
₹-4.0K Cr
₹1.7K Cr
₹5.2K Cr
Concord Control Systems Ltd · 543619
—
—
—
₹1 Cr
₹0 Cr
₹1 Cr
₹-3 Cr
₹5 Cr
₹-30 Cr
₹-80 Cr
Disa India Ltd · DISAQ⚠ unverified
₹12 Cr
₹23 Cr
₹14 Cr
₹4 Cr
₹61 Cr
₹0 Cr
₹26 Cr
₹52 Cr
₹14 Cr
₹-24 Cr
Inox Wind Ltd · INOXWIND
₹-237 Cr
₹89 Cr
₹47 Cr
₹431 Cr
₹-360 Cr
₹-634 Cr
₹-1.5K Cr
₹-884 Cr
₹-484 Cr
₹-1.3K Cr
JNK India Ltd · JNKINDIA
—
—
—
—
₹16 Cr
₹14 Cr
₹12 Cr
₹-21 Cr
₹-80 Cr
₹-32 Cr
John Cockerill India Ltd · COCKERILL
₹61 Cr
₹85 Cr
₹-43 Cr
₹-62 Cr
₹-21 Cr
₹23 Cr
₹66 Cr
—
₹-80 Cr
₹152 Cr
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹4 Cr
₹10 Cr
₹-14 Cr
₹0 Cr
₹28 Cr
₹-89 Cr
₹-37 Cr
₹-16 Cr
₹-23 Cr
₹-25 Cr
Praj Industries Ltd · PRAJIND
₹-30 Cr
₹77 Cr
₹19 Cr
₹-11 Cr
₹214 Cr
₹162 Cr
₹96 Cr
₹-38 Cr
₹-111 Cr
₹113 Cr
Suzlon Energy Ltd · SUZLON
₹1.1K Cr
₹-396 Cr
₹992 Cr
₹-1.1K Cr
₹479 Cr
₹1.2K Cr
₹438 Cr
₹-144 Cr
₹-146 Cr
₹284 Cr
The Anup Engineering Ltd · ANUP
—
—
—
—
₹11 Cr
₹42 Cr
₹-53 Cr
—
—
₹-53 Cr
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹197 Cr
₹42 Cr
₹123 Cr
₹43 Cr
₹66 Cr
₹27 Cr
₹86 Cr
₹10 Cr
₹25 Cr
₹-50 Cr
Windsor Machines Ltd · WINDMACHIN
₹-316 Cr
₹12 Cr
₹29 Cr
₹0 Cr
₹36 Cr
₹25 Cr
₹7 Cr
₹18 Cr
₹-390 Cr
₹330 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Disa India Ltd has the lowest Gross debt among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹0 crore. Suzlon Energy Ltd has the lowest Net debt at ₹906 crore net cash, so level and change sit with different companies. 16 of 16 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Suzlon Energy Ltd has the clearest covered balance-sheet capacity with ₹906 crore net cash and gross debt of ₹556 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderDisa India Ltd · ₹0 crore
Gapnull versus #2 · Hercules Investments Ltd
Persistence8/8 recent comparable periods
Coverage16/16 companies · 234 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Disa India Ltd DISAQ⚠ unverified₹0 Cr
2Hercules Investments Ltd HERCULES · older report₹0 Cr
3Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified₹4 Cr
4John Cockerill India Ltd COCKERILL₹5 Cr
5Integra Engineering India Ltd 505358₹22 Cr
Net debtlowest net debt
1Suzlon Energy Ltd SUZLON₹-906 Cr
2Praj Industries Ltd PRAJIND₹-438 Cr
3John Cockerill India Ltd COCKERILL₹-222 Cr
4Disa India Ltd DISAQ⚠ unverified₹-213 Cr
5JNK India Ltd JNKINDIA₹-122 Cr
Debt and balance-sheet capacity · company comparison
16/16 level · 12/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Bharat Heavy Electricals Ltd BHEL | ₹8.2K Cr | — | Jun 2026 |
| Inox Wind Ltd INOXWIND | ₹1.6K Cr | ₹975 Cr | Mar 2026 |
| Suzlon Energy Ltd SUZLON | ₹556 Cr | ₹-906 Cr | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | ₹219 Cr | ₹197 Cr | Mar 2026 |
| Praj Industries Ltd PRAJIND | ₹173 Cr | ₹-438 Cr | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | ₹145 Cr | ₹119 Cr | Mar 2026 |
| The Anup Engineering Ltd ANUP | ₹110 Cr | ₹97 Cr | Mar 2026 |
| JNK India Ltd JNKINDIA | ₹91 Cr | ₹-122 Cr | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | ₹86 Cr | ₹52 Cr | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹63 Cr | ₹-48 Cr | Mar 2026 |
| Concord Control Systems Ltd 543619 | ₹54 Cr | — | Mar 2026 |
| Integra Engineering India Ltd 505358 | ₹22 Cr | — | Jun 2026 |
| John Cockerill India Ltd COCKERILL | ₹5 Cr | ₹-222 Cr | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | ₹4 Cr | ₹-11 Cr | Jun 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹0 Cr | ₹-213 Cr | Mar 2026 |
| Hercules Investments Ltd HERCULES | ₹0 Cr | — | Sep 2025 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
₹4.8K Cr
—
—
—
₹5.5K Cr
—
—
—
₹8.9K Cr
—
—
—
₹9.0K Cr
—
₹11.0K Cr
—
₹8.2K Cr
—
Concord Control Systems Ltd · 543619
—
—
₹3 Cr
—
—
—
₹3 Cr
—
—
—
₹3 Cr
—
—
—
₹0 Cr
—
₹18 Cr
—
₹54 Cr
—
Disa India Ltd · DISAQ⚠ unverified
₹4 Cr
₹4 Cr
₹4 Cr
₹4 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—
Inox Wind Ltd · INOXWIND
₹1.7K Cr
₹1.7K Cr
₹2.6K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.4K Cr
₹2.4K Cr
₹2.7K Cr
₹2.7K Cr
₹2.1K Cr
₹3.2K Cr
₹3.5K Cr
₹3.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.1K Cr
₹1.1K Cr
₹1.6K Cr
—
JNK India Ltd · JNKINDIA
—
—
₹15 Cr
—
—
—
₹44 Cr
—
—
₹68 Cr
₹66 Cr
₹66 Cr
₹34 Cr
₹34 Cr
₹19 Cr
₹19 Cr
₹24 Cr
₹24 Cr
₹91 Cr
—
John Cockerill India Ltd · COCKERILL
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—
—
₹0 Cr
—
—
₹1 Cr
—
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹36 Cr
₹36 Cr
₹58 Cr
₹58 Cr
₹108 Cr
—
₹74 Cr
₹74 Cr
₹84 Cr
₹84 Cr
₹86 Cr
₹86 Cr
₹112 Cr
₹112 Cr
₹128 Cr
₹128 Cr
₹143 Cr
₹143 Cr
₹145 Cr
—
Praj Industries Ltd · PRAJIND
₹16 Cr
₹16 Cr
₹21 Cr
₹21 Cr
₹26 Cr
₹26 Cr
₹42 Cr
₹42 Cr
₹38 Cr
₹38 Cr
₹169 Cr
₹169 Cr
₹168 Cr
₹168 Cr
₹195 Cr
₹195 Cr
₹210 Cr
₹210 Cr
₹173 Cr
—
Suzlon Energy Ltd · SUZLON
₹6.6K Cr
₹6.6K Cr
₹6.5K Cr
₹6.5K Cr
₹3.2K Cr
₹3.2K Cr
₹1.9K Cr
₹1.9K Cr
₹146 Cr
₹146 Cr
₹150 Cr
₹150 Cr
₹277 Cr
₹230 Cr
₹323 Cr
₹323 Cr
₹397 Cr
₹397 Cr
₹556 Cr
—
The Anup Engineering Ltd · ANUP
—
—
₹0 Cr
—
—
—
₹34 Cr
₹34 Cr
₹45 Cr
₹45 Cr
₹21 Cr
₹21 Cr
₹19 Cr
₹19 Cr
₹32 Cr
₹34 Cr
₹158 Cr
₹158 Cr
₹110 Cr
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹332 Cr
₹332 Cr
₹448 Cr
₹448 Cr
₹457 Cr
₹457 Cr
₹293 Cr
₹293 Cr
₹274 Cr
₹274 Cr
₹241 Cr
₹241 Cr
₹269 Cr
₹269 Cr
₹194 Cr
₹194 Cr
₹194 Cr
₹194 Cr
₹219 Cr
—
Windsor Machines Ltd · WINDMACHIN
₹23 Cr
₹23 Cr
₹26 Cr
₹11 Cr
₹35 Cr
₹35 Cr
₹36 Cr
₹36 Cr
₹41 Cr
₹41 Cr
₹36 Cr
₹36 Cr
₹11 Cr
₹11 Cr
₹35 Cr
₹35 Cr
₹18 Cr
₹40 Cr
₹86 Cr
—
Net debt · reported quarter history
Bajaj Steel Industries Ltd · BAJAJST⚠ unverified
₹-78 Cr
₹-78 Cr
₹-33 Cr
₹-76 Cr
₹-92 Cr
₹-92 Cr
₹-23 Cr
₹-68 Cr
₹-92 Cr
₹-92 Cr
₹0 Cr
₹-57 Cr
₹-27 Cr
₹-27 Cr
₹12 Cr
₹-37 Cr
₹-55 Cr
₹-55 Cr
₹-48 Cr
—
Disa India Ltd · DISAQ⚠ unverified
₹-186 Cr
₹-186 Cr
₹-163 Cr
₹-163 Cr
₹-167 Cr
₹-167 Cr
₹-151 Cr
₹-151 Cr
₹-228 Cr
₹-228 Cr
₹-181 Cr
₹-181 Cr
₹-225 Cr
₹-225 Cr
₹-146 Cr
₹-146 Cr
₹-213 Cr
₹-213 Cr
—
—
Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified
₹-72 Cr
₹-72 Cr
₹-72 Cr
₹-72 Cr
₹-68 Cr
₹-68 Cr
₹-2 Cr
₹-2 Cr
₹-17 Cr
₹-17 Cr
₹-15 Cr
₹-15 Cr
₹-22 Cr
₹-22 Cr
₹-36 Cr
₹-36 Cr
₹-19 Cr
₹-19 Cr
₹-11 Cr
₹-11 Cr
Inox Wind Ltd · INOXWIND
₹1.6K Cr
₹1.6K Cr
₹1.5K Cr
₹1.5K Cr
₹1.7K Cr
₹1.7K Cr
₹2.1K Cr
₹2.1K Cr
₹2.5K Cr
₹2.5K Cr
₹2.0K Cr
₹3.2K Cr
₹2.7K Cr
₹2.7K Cr
₹1.1K Cr
₹1.1K Cr
₹596 Cr
₹596 Cr
₹975 Cr
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
₹-3 Cr
—
—
₹31 Cr
₹29 Cr
₹37 Cr
₹-183 Cr
₹-183 Cr
₹-176 Cr
₹-167 Cr
₹-163 Cr
₹-163 Cr
₹-122 Cr
—
John Cockerill India Ltd · COCKERILL
₹-40 Cr
₹-40 Cr
₹-36 Cr
₹-36 Cr
—
—
—
—
—
₹-115 Cr
—
₹-72 Cr
₹-72 Cr
₹-44 Cr
₹-44 Cr
₹-119 Cr
₹-119 Cr
₹-201 Cr
₹-222 Cr
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
₹4 Cr
₹4 Cr
₹18 Cr
₹10 Cr
₹73 Cr
—
₹2 Cr
₹2 Cr
₹-24 Cr
₹-24 Cr
₹2 Cr
₹2 Cr
₹55 Cr
₹55 Cr
₹64 Cr
₹64 Cr
₹99 Cr
₹99 Cr
₹119 Cr
—
Praj Industries Ltd · PRAJIND
₹-423 Cr
₹-423 Cr
₹-531 Cr
₹-531 Cr
₹-424 Cr
₹-424 Cr
₹-560 Cr
₹-560 Cr
₹-548 Cr
₹-548 Cr
₹-445 Cr
₹-445 Cr
₹-487 Cr
₹-487 Cr
₹-343 Cr
₹-343 Cr
₹-182 Cr
₹-182 Cr
₹-438 Cr
—
Suzlon Energy Ltd · SUZLON
₹6.4K Cr
₹6.4K Cr
₹6.0K Cr
₹6.0K Cr
₹3.0K Cr
₹3.0K Cr
₹1.6K Cr
₹1.6K Cr
₹-65 Cr
₹-65 Cr
₹-285 Cr
₹-285 Cr
₹-501 Cr
₹-1.1K Cr
₹-833 Cr
₹-833 Cr
₹-506 Cr
₹-506 Cr
₹-906 Cr
—
The Anup Engineering Ltd · ANUP
—
—
—
—
—
—
₹3 Cr
₹3 Cr
₹-60 Cr
₹-60 Cr
₹-103 Cr
₹-103 Cr
₹-13 Cr
₹-13 Cr
₹10 Cr
₹10 Cr
₹143 Cr
₹143 Cr
₹97 Cr
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
₹329 Cr
₹329 Cr
₹442 Cr
₹402 Cr
₹409 Cr
₹409 Cr
₹287 Cr
₹287 Cr
₹223 Cr
₹223 Cr
₹181 Cr
₹181 Cr
₹144 Cr
₹144 Cr
₹139 Cr
₹139 Cr
₹90 Cr
₹90 Cr
₹197 Cr
—
Windsor Machines Ltd · WINDMACHIN
₹12 Cr
₹12 Cr
₹16 Cr
₹1 Cr
₹21 Cr
₹21 Cr
₹29 Cr
₹25 Cr
₹30 Cr
₹30 Cr
₹33 Cr
₹33 Cr
₹6 Cr
₹6 Cr
₹-57 Cr
₹-59 Cr
₹35 Cr
₹35 Cr
₹52 Cr
—
06 · compare level, then change
Return On Capital Employed
Suzlon Energy Ltd has the highest ROCE among the 16 Capital Goods - Engineering Heavy companies compared here, at 35.1%. Concord Control Systems Ltd is next at 30.6%. Walchandnagar Industries Ltd has the highest ROCE change at +18.6 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.
What the numbers say: Suzlon Energy Ltd leads ROCE at 35.1%, 4.5 percentage points above Concord Control Systems Ltd. Walchandnagar Industries Ltd has the strongest latest improvement at +18.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderSuzlon Energy Ltd · 35.1%
Gap14.7% versus #2 · Concord Control Systems Ltd
Persistence6/8 recent comparable periods
Coverage16/16 companies · 177 observations
Investor read: Suzlon Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Suzlon Energy Ltd SUZLON35%
2Concord Control Systems Ltd 54361931%
3Disa India Ltd DISAQ⚠ unverified27%
4The Anup Engineering Ltd ANUP21%
5Integra Engineering India Ltd 50535819%
ROCE changefastest improvers
1Walchandnagar Industries Ltd WALCHANNAG⚠ unverified+18.6 pp
2John Cockerill India Ltd COCKERILL+12.6 pp
3JNK India Ltd JNKINDIA+6.6 pp
4Bharat Heavy Electricals Ltd BHEL+4.0 pp
5Suzlon Energy Ltd SUZLON+3.4 pp
Return on capital · company comparison
16/16 level · 16/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Bharat Heavy Electricals Ltd (BHEL) — its two data sources disagree by up to 347% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Suzlon Energy Ltd SUZLON | 26% | +3.4 pp | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | 20% | −0.5 pp | Mar 2026 |
| The Anup Engineering Ltd ANUP | 20% | −2.5 pp | Mar 2026 |
| JNK India Ltd JNKINDIA | 14% | +6.6 pp | Mar 2026 |
| John Cockerill India Ltd COCKERILL | 9.4% | +12.6 pp | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | 9.4% | −9.4 pp | Mar 2026 |
| Inox Wind Ltd INOXWIND | 8.3% | −1.7 pp | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | 7.8% | −3.5 pp | Jun 2026 |
| Praj Industries Ltd PRAJIND | 3.9% | −11.0 pp | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | 2.6% | +18.6 pp | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | 1.7% | +1.0 pp | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | -0.3% | −7.6 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Bajaj Steel Industries Ltd · BAJAJST⚠ unverified
41%
—
18%
—
17%
—
28%
—
25%
28%
19%
37%
19%
36%
19%
20%
17%
18%
9.4%
—
Disa India Ltd · DISAQ⚠ unverified
17%
—
20%
—
19%
—
14%
—
15%
23%
17%
25%
17%
27%
21%
26%
20%
27%
20%
—
Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified
-0.4%
2.1%
0.5%
2.1%
1.6%
5.0%
4.8%
9.8%
7.5%
12%
8.5%
16%
12%
16%
11%
16%
7.9%
14%
7.8%
—
Inox Wind Ltd · INOXWIND
-11%
—
-15%
—
-16%
—
—
-10%
-6.4%
2.0%
4.2%
8.9%
10%
18%
10%
16%
9.0%
17%
8.3%
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
10%
—
—
44%
45%
56%
17%
18%
7.7%
15%
7.2%
15%
14%
—
John Cockerill India Ltd · COCKERILL
-2.7%
—
2.5%
—
-5.6%
—
—
—
22%
12%
16%
7.8%
4.9%
-4.1%
-3.2%
-6.1%
7.0%
8.6%
9.4%
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
13%
—
12%
—
15%
—
16%
—
13%
12%
9.5%
11%
10%
14%
7.3%
8.4%
1.4%
1.5%
-0.3%
—
Praj Industries Ltd · PRAJIND
19%
—
18%
—
23%
—
26%
—
27%
36%
23%
33%
23%
29%
15%
15%
8.9%
7.2%
3.9%
—
Suzlon Energy Ltd · SUZLON
18%
—
27%
—
24%
—
21%
—
17%
30%
20%
29%
20%
21%
22%
34%
25%
34%
26%
—
The Anup Engineering Ltd · ANUP
18%
—
14%
—
13%
—
15%
20%
19%
—
20%
—
21%
—
22%
26%
24%
26%
20%
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
6.2%
—
5.0%
—
-0.3%
—
-14%
—
-13%
17%
-0.1%
3.7%
-4.1%
3.0%
-16%
-11%
-14%
-7.7%
2.6%
—
Windsor Machines Ltd · WINDMACHIN
4.0%
—
4.3%
—
6.2%
—
3.5%
—
4.3%
6.6%
1.7%
2.0%
-0.4%
5.8%
0.7%
3.6%
2.1%
0.5%
1.7%
—
ROCE change · reported quarter history
Bajaj Steel Industries Ltd · BAJAJST⚠ unverified
—
—
—
—
−24.1 pp
—
+10.1 pp
—
+8.3 pp
—
−9.3 pp
—
−5.5 pp
+7.8 pp
−0.2 pp
−16.2 pp
−2.6 pp
−17.6 pp
−9.4 pp
—
Disa India Ltd · DISAQ⚠ unverified
—
—
—
—
+2.6 pp
—
−6.6 pp
—
−4.9 pp
—
+3.2 pp
—
+2.9 pp
+4.3 pp
+4.0 pp
+0.9 pp
+2.7 pp
−0.6 pp
−0.5 pp
—
Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified
—
—
—
—
+2.0 pp
+2.9 pp
+4.3 pp
+7.7 pp
+5.9 pp
+7.1 pp
+3.7 pp
+6.5 pp
+4.0 pp
+4.1 pp
+2.8 pp
−0.7 pp
−3.6 pp
−2.3 pp
−3.5 pp
—
Inox Wind Ltd · INOXWIND
—
—
—
—
−5.6 pp
—
—
—
+9.8 pp
—
—
+19.0 pp
+16.8 pp
+15.6 pp
+5.8 pp
+7.5 pp
−1.4 pp
−1.0 pp
−1.7 pp
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
+34.8 pp
—
—
−25.4 pp
−37.1 pp
−41.7 pp
−9.7 pp
−3.0 pp
+6.6 pp
—
John Cockerill India Ltd · COCKERILL
—
—
—
—
−2.9 pp
—
—
—
+27.6 pp
—
—
—
−17.1 pp
−16.5 pp
−18.9 pp
−13.9 pp
+2.1 pp
+12.7 pp
+12.6 pp
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
—
—
—
—
+1.8 pp
—
+3.1 pp
—
−1.8 pp
—
−6.0 pp
—
−2.3 pp
+2.0 pp
−2.2 pp
−2.7 pp
−9.0 pp
−12.1 pp
−7.6 pp
—
Praj Industries Ltd · PRAJIND
—
—
—
—
+3.4 pp
—
+7.6 pp
—
+4.6 pp
—
−2.9 pp
—
−4.1 pp
−6.5 pp
−7.9 pp
−18.3 pp
−14.1 pp
−21.9 pp
−11.0 pp
—
Suzlon Energy Ltd · SUZLON
—
—
—
—
+5.9 pp
—
−6.4 pp
—
−6.9 pp
—
−0.2 pp
—
+2.2 pp
−9.2 pp
+1.9 pp
+5.4 pp
+5.4 pp
+12.7 pp
+3.4 pp
—
The Anup Engineering Ltd · ANUP
—
—
—
—
−5.2 pp
—
+0.2 pp
—
+6.5 pp
—
+5.0 pp
—
+1.9 pp
—
+2.6 pp
—
+2.3 pp
—
−2.5 pp
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
—
—
—
—
−6.5 pp
—
−18.5 pp
—
−12.3 pp
—
+13.4 pp
—
+8.5 pp
−13.5 pp
−15.9 pp
−14.8 pp
−9.9 pp
−10.7 pp
+18.6 pp
—
Windsor Machines Ltd · WINDMACHIN
—
—
—
—
+2.2 pp
—
−0.8 pp
—
−1.9 pp
—
−1.8 pp
—
−4.7 pp
−0.8 pp
−1.0 pp
+1.6 pp
+2.5 pp
−5.3 pp
+1.0 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Inox Wind Ltd has the lowest Guarded PEG among the 16 Capital Goods - Engineering Heavy companies compared here, at 1.22×. Praj Industries Ltd is next at 4.5×. Hercules Investments Ltd has the lowest P/E at 8.55×, so level and change sit with different companies. 4 of 16 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Inox Wind Ltd has the lowest comparable Guarded PEG at 1.22×, 72.9% below Praj Industries Ltd. Only 4 of 16 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderInox Wind Ltd · 1.22×
Gap72.9% versus #2 · Praj Industries Ltd
Persistence0/8 recent comparable periods
Coverage4/16 companies · 17 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Inox Wind Ltd INOXWIND1.2
2Praj Industries Ltd PRAJIND4.5
3Suzlon Energy Ltd SUZLON4.8
4The Anup Engineering Ltd ANUP5.0
P/Elowest P/E
1Hercules Investments Ltd HERCULES · older report8.6
2Bajaj Steel Industries Ltd BAJAJST⚠ unverified22.3
3Suzlon Energy Ltd SUZLON22.5
4Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified27.0
5Disa India Ltd DISAQ⚠ unverified31.3
Valuation · company comparison
4/16 level · 14/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| The Anup Engineering Ltd ANUP | 5.0 | 28.8 | Mar 2026 |
| Suzlon Energy Ltd SUZLON | 4.8 | 17.1 | Mar 2026 |
| Praj Industries Ltd PRAJIND | 4.5 | 78.8 | Mar 2026 |
| Inox Wind Ltd INOXWIND | 1.2 | 25.0 | Mar 2026 |
| Integra Engineering India Ltd 505358 | — | 48.3 | Jun 2026 |
| Concord Control Systems Ltd 543619 | — | 64.0 | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | — | 87.5 | Jun 2026 |
| John Cockerill India Ltd COCKERILL | — | 109.4 | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | — | -620.6 | Mar 2026 |
| JNK India Ltd JNKINDIA | — | 26.9 | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | — | 30.1 | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | — | -60.8 | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | — | 194.8 | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | — | 26.1 | Jun 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | — | 13.5 | Mar 2026 |
| Hercules Investments Ltd HERCULES | — | 14.7 | Sep 2025 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Inox Wind Ltd · INOXWIND
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.2
—
—
—
—
Praj Industries Ltd · PRAJIND
—
—
—
—
0.9
1.0
0.6
0.5
0.8
0.8
—
2.6
4.5
—
—
—
—
—
—
—
Suzlon Energy Ltd · SUZLON
—
—
—
—
—
—
—
—
3.4
—
—
—
—
—
—
4.8
—
—
—
—
The Anup Engineering Ltd · ANUP
0.5
0.4
—
—
2.2
—
—
—
—
1.2
—
1.7
—
—
—
5.0
—
—
—
—
P/E · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
35.6
29.5
36.2
31.3
58.0
89.7
156.1
191.7
371.4
364.0
183.9
145.3
172.6
278.3
175.9
108.9
87.5
Concord Control Systems Ltd · 543619
—
—
—
—
—
—
2.3
—
58.6
—
37.9
—
86.6
—
44.5
—
68.9
—
64.0
—
Disa India Ltd · DISAQ⚠ unverified
28.2
24.8
35.2
22.5
26.2
29.5
35.6
49.3
54.5
59.9
48.1
50.5
59.3
51.0
39.1
39.9
36.5
32.2
30.1
—
Inox Wind Ltd · INOXWIND
—
—
—
—
—
—
—
—
—
-187.3
-476.9
230.9
157.1
250.8
100.5
69.3
45.1
37.3
25.0
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
—
17.2
13.7
52.7
52.9
64.6
62.8
47.1
26.9
—
John Cockerill India Ltd · COCKERILL
-70.9
-272.5
—
—
—
1,012.9
55.6
64.5
43.8
48.2
64.5
—
—
—
—
-211.9
347.7
252.3
109.4
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
28.6
53.5
51.8
31.6
37.4
45.1
41.6
39.2
36.9
40.2
36.7
42.5
49.8
50.7
25.3
55.3
58.0
205.3
194.8
—
Praj Industries Ltd · PRAJIND
55.6
45.3
46.3
43.7
45.2
35.5
29.9
28.9
41.9
37.6
35.0
47.2
51.4
53.7
41.0
46.7
45.7
58.0
78.8
—
Suzlon Energy Ltd · SUZLON
—
-178.8
—
3.0
3.8
5.6
3.5
90.0
112.2
131.7
106.3
97.9
119.2
86.6
65.1
44.0
35.7
22.7
17.1
—
The Anup Engineering Ltd · ANUP
17.1
16.7
14.3
10.9
13.8
15.2
15.5
33.8
30.2
36.7
42.4
48.8
85.5
132.4
133.6
45.8
38.1
37.0
28.8
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
-5.0
—
—
—
—
—
12.4
—
—
—
—
—
—
—
—
—
—
-17.4
-60.8
—
Windsor Machines Ltd · WINDMACHIN
14.8
31.9
52.3
94.0
102.4
31.8
45.5
84.6
41.7
79.7
48.1
60.0
—
565.5
—
—
79.1
—
-620.6
—
08 · compare level, then change
Enterprise Value & Book Value
Bajaj Steel Industries Ltd has the lowest EV/EBITDA among the 16 Capital Goods - Engineering Heavy companies compared here, at 7.2×. Hercules Investments Ltd is next at 10.1×. Hercules Investments Ltd has the lowest P/BV at 0.34×, so level and change sit with different companies. 16 of 16 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Bajaj Steel Industries Ltd leads ev/ebitda at 7.2×; Hercules Investments Ltd leads p/bv at 0.34×.
LeaderBajaj Steel Industries Ltd · 7.2×
Gap28.7% versus #2 · Hercules Investments Ltd
Persistence0/8 recent comparable periods
Coverage16/16 companies · 246 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Bajaj Steel Industries Ltd BAJAJST⚠ unverified7.2
2Hercules Investments Ltd HERCULES · older report10.1
3JNK India Ltd JNKINDIA12.3
4Inox Wind Ltd INOXWIND13.3
5Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified17.7
P/BVlowest P/BV
1Hercules Investments Ltd HERCULES · older report0.3
2Bajaj Steel Industries Ltd BAJAJST⚠ unverified1.9
3Inox Wind Ltd INOXWIND2.1
4Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified2.7
5Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified3.0
Enterprise and book valuation · company comparison
16/16 level · 16/16 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | 65.8 | 2.7 | Mar 2026 |
| John Cockerill India Ltd COCKERILL | 62.2 | 9.6 | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | 58.9 | 2.6 | Mar 2026 |
| Concord Control Systems Ltd 543619 | 50.7 | 14.0 | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | 44.1 | 5.7 | Jun 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | 30.7 | 1.5 | Mar 2026 |
| Integra Engineering India Ltd 505358 | 26.4 | 7.8 | Jun 2026 |
| Praj Industries Ltd PRAJIND | 24.1 | 4.5 | Mar 2026 |
| Suzlon Energy Ltd SUZLON | 19.2 | 7.1 | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | 18.6 | 5.9 | Mar 2026 |
| The Anup Engineering Ltd ANUP | 18.4 | 5.3 | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | 17.7 | 2.6 | Jun 2026 |
| Inox Wind Ltd INOXWIND | 13.3 | 2.0 | Mar 2026 |
| JNK India Ltd JNKINDIA | 12.3 | 2.4 | Mar 2026 |
| Hercules Investments Ltd HERCULES | 10.1 | 0.6 | Sep 2025 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | 7.2 | 1.7 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
—
—
—
12.4
13.7
19.4
15.4
21.3
32.6
50.0
59.8
84.7
84.8
54.5
47.5
53.6
55.6
54.8
41.8
44.1
Concord Control Systems Ltd · 543619
—
—
—
—
—
—
22.4
—
44.6
—
27.9
—
62.9
—
29.3
—
49.1
—
50.7
—
Disa India Ltd · DISAQ⚠ unverified
15.5
13.5
19.2
12.8
15.8
17.9
20.5
29.2
34.6
37.6
30.1
32.6
37.8
32.5
24.7
25.1
23.1
20.1
18.6
—
Inox Wind Ltd · INOXWIND
—
—
—
—
—
—
—
—
—
—
120.2
65.8
78.3
49.8
33.9
35.4
25.7
21.2
13.3
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
—
62.7
50.1
33.5
24.8
30.8
23.5
19.1
12.3
—
John Cockerill India Ltd · COCKERILL
—
74.7
76.8
—
—
—
72.0
63.9
41.6
37.4
48.2
116.9
—
—
—
—
250.6
99.7
62.2
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
16.8
30.4
29.8
17.0
20.7
24.4
22.4
20.1
19.6
20.1
16.6
21.1
23.3
25.9
13.7
18.8
19.2
22.8
30.7
—
Praj Industries Ltd · PRAJIND
34.1
28.3
29.4
28.0
29.6
23.3
19.5
19.2
28.1
25.0
23.2
30.8
32.8
33.0
23.6
24.4
20.6
22.2
24.1
—
Suzlon Energy Ltd · SUZLON
21.1
22.9
18.2
16.4
13.4
18.0
16.3
26.5
43.0
57.0
58.1
68.4
87.5
64.0
47.6
46.5
33.8
27.3
19.2
—
The Anup Engineering Ltd · ANUP
12.2
11.8
9.1
8.9
11.1
12.1
11.9
20.1
19.1
23.8
27.6
31.7
52.5
81.0
81.7
31.8
25.9
24.8
18.4
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
13.4
10.1
11.3
10.2
11.4
20.3
18.0
—
—
—
—
69.2
63.0
88.4
65.8
—
—
—
—
—
Windsor Machines Ltd · WINDMACHIN
6.8
9.4
10.7
7.5
8.8
7.8
7.1
11.6
11.8
14.8
11.2
38.8
55.3
126.7
122.1
129.7
73.5
63.0
58.9
—
P/BV · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
0.8
0.8
0.7
0.6
0.8
1.1
0.9
1.1
1.9
2.6
3.3
4.3
4.1
3.4
3.1
3.8
3.2
4.0
3.6
5.7
Concord Control Systems Ltd · 543619
—
—
—
—
—
—
—
—
16.6
—
12.9
—
50.1
—
12.3
—
65.7
—
14.0
—
Disa India Ltd · DISAQ⚠ unverified
4.3
4.0
4.5
4.6
4.9
5.2
5.6
7.1
9.4
9.5
8.3
10.3
10.7
9.2
7.8
8.4
7.4
6.3
5.9
—
Inox Wind Ltd · INOXWIND
1.8
2.2
2.2
1.4
2.4
1.8
2.1
3.5
3.8
10.4
10.8
10.8
11.6
9.3
8.4
6.0
3.8
3.3
2.0
—
JNK India Ltd · JNKINDIA
—
—
—
—
—
—
—
—
—
—
—
23.6
7.4
7.2
3.8
3.9
3.1
2.8
2.4
—
John Cockerill India Ltd · COCKERILL
2.6
2.9
4.3
3.2
3.6
3.8
—
—
—
7.2
—
14.0
13.4
10.3
7.1
8.4
14.5
12.4
9.6
—
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
2.8
5.3
5.6
3.4
3.5
4.7
4.7
4.4
3.9
3.5
2.4
3.6
3.3
4.0
2.2
2.2
2.0
1.7
1.5
—
Praj Industries Ltd · PRAJIND
7.9
7.5
8.2
8.2
8.3
7.1
6.8
7.6
10.0
9.2
8.8
12.4
11.6
11.5
7.8
7.2
4.6
4.7
4.5
—
Suzlon Energy Ltd · SUZLON
-1.8
-3.1
-2.9
-2.2
-30.7
-42.4
-3.1
-6.0
29.3
15.1
16.0
48.0
27.9
19.1
17.1
23.1
12.3
9.2
7.1
—
The Anup Engineering Ltd · ANUP
2.8
2.8
2.3
2.0
2.0
2.1
2.5
4.4
4.5
5.8
6.7
7.8
9.5
12.6
12.7
12.0
7.5
7.0
5.3
—
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
1.0
1.1
1.1
0.9
1.2
1.5
1.1
1.8
2.0
3.6
3.8
4.1
4.6
4.4
2.5
3.5
3.4
3.7
2.7
—
Windsor Machines Ltd · WINDMACHIN
0.6
0.9
1.0
0.8
0.9
1.1
0.9
1.4
1.8
2.0
1.6
3.4
4.9
10.1
9.0
9.3
3.3
3.2
2.6
—
09 · let price answer last
Market action
Concord Control Systems Ltd has the strongest one-year price move in Capital Goods - Engineering Heavy at +129.3%. John Cockerill India Ltd leads on Mansfield relative strength against NIFTY at +58.1%. 9 of 16 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Capital Goods - Engineering Heavy comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 16 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 5 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 16 companies in the canonical Capital Goods - Engineering Heavy membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Bharat Heavy Electricals Ltd BHELAHEAD20/26 WEEKS | ₹1.5 L Cr | ₹417 | 2026-07-19 | Jun 2026 | Second feed withheld |
| Suzlon Energy Ltd SUZLON | ₹71.3K Cr | ₹52.3 | 2026-07-19 | Mar 2026 | Cross-checked |
| Inox Wind Ltd INOXWIND | ₹13.3K Cr | ₹77.0 | 2026-07-19 | Mar 2026 | Cross-checked |
| Praj Industries Ltd PRAJIND18/26 WEEKS | ₹5.9K Cr | ₹324 | 2026-07-19 | Mar 2026 | Cross-checked |
| John Cockerill India Ltd COCKERILL | ₹4.4K Cr | ₹8,938 | 2026-07-19 | Mar 2026 | Cross-checked |
| The Anup Engineering Ltd ANUP | ₹4.2K Cr | ₹2,120 | 2026-07-19 | Mar 2026 | Cross-checked |
| Windsor Machines Ltd WINDMACHIN | ₹3.0K Cr | ₹292 | 2026-07-19 | Mar 2026 | Cross-checked |
| JNK India Ltd JNKINDIAAHEAD21/26 WEEKS | ₹2.6K Cr | ₹471 | 2026-07-19 | Mar 2026 | Cross-checked |
| Concord Control Systems Ltd 54361919/26 WEEKS | ₹2.5K Cr | ₹2,454 | 2026-07-19 | Mar 2026 | Primary source only |
| Disa India Ltd DISAQ⚠ unverified | ₹1.8K Cr | ₹12,110 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Walchandnagar Industries Ltd WALCHANNAGAHEAD22/26 WEEKS⚠ unverified | ₹1.6K Cr | ₹237 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Kabra Extrusion Technik Ltd KABRAEXTRUAHEAD⚠ unverified | ₹1.3K Cr | ₹377 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Eimco Elecon (India) Ltd EIMCOELECOAHEAD⚠ unverified | ₹1.0K Cr | ₹1,789 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹823 Cr | ₹396 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Integra Engineering India Ltd 505358 | ₹582 Cr | ₹169 | 2026-07-19 | Jun 2026 | Primary source only |
| Hercules Investments Ltd HERCULES | ₹317 Cr | ₹99.2 | 2026-03-29 · not currently priced | Sep 2025 | Primary source only |
How each company's sources stand: 5 of 16 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 16 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Bharat Heavy Electricals Ltd (BHEL) — its two data sources disagree by up to 347% on reported income across 15 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 16 Capital Goods - Engineering Heavy companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 8 unverified · 1 withheld, of 16 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Capital Goods - Engineering Heavy company comparison FAQs
These 18 answers restate the Capital Goods - Engineering Heavy comparison above in question form. Every one is computed from the same 16 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Capital Goods - Engineering Heavy index?
The Nifty Capital Goods - Engineering Heavy index tracks India's listed Capital Goods - Engineering Heavy companies as a single basket. This page follows the same 16 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Capital Goods - Engineering Heavy sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Capital Goods - Engineering Heavy stocks in India?
Ranked by this page's four-factor score, JNK India Ltd places first among 16 listed Capital Goods - Engineering Heavy companies, followed by Disa India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Capital Goods - Engineering Heavy stocks are listed in India?
This comparison covers 16 listed Capital Goods - Engineering Heavy companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Capital Goods - Engineering Heavy company is the biggest?
Bharat Heavy Electricals Ltd is the largest, with trailing-twelve-month revenue of ₹35,993 crore, ahead of Suzlon Energy Ltd at ₹16,732 crore. That covers 16 of 16 companies with comparable reporting through Jun 2026.
Which Capital Goods - Engineering Heavy company is growing fastest?
Concord Control Systems Ltd has the fastest revenue growth at 100% year on year, across 16 of 16 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Capital Goods - Engineering Heavy company has the best profit margins?
Concord Control Systems Ltd has the highest operating margin at 30%, from 15 of 16 comparable companies. Walchandnagar Industries Ltd shows the biggest recent improvement, at +93.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Capital Goods - Engineering Heavy company makes the most profit?
Suzlon Energy Ltd earns the most, at ₹3,162 crore of trailing-twelve-month net profit, from 16 of 16 comparable companies. Concord Control Systems Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Capital Goods - Engineering Heavy company earns the highest return on capital?
Suzlon Energy Ltd leads on return on capital employed at 35.1%, across 16 of 16 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Capital Goods - Engineering Heavy stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Inox Wind Ltd screens cheapest at 1.22×. Only 4 of 16 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Capital Goods - Engineering Heavy company has the strongest balance sheet?
Disa India Ltd carries the lowest comparable gross debt at ₹0 crore, from 16 of 16 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Capital Goods - Engineering Heavy stock has the strongest price momentum?
John Cockerill India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Capital Goods - Engineering Heavy company scores highest for research priority?
JNK India Ltd scores 75.8 out of 100 with 78.6% evidence confidence, from 30.6 points on growth and earnings, 15.7 on capital efficiency, 9.7 on valuation and 19.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Capital Goods - Engineering Heavy companies does this comparison cover, and over what period?
It compares 16 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Capital Goods - Engineering Heavy sector?
The 16 Capital Goods - Engineering Heavy companies on this page carry ₹2,60,137 crore of combined market value. Bharat Heavy Electricals Ltd is the largest at ₹1,45,306 crore, about 56% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Capital Goods - Engineering Heavy sector's P/E ratio?
The median price-to-earnings ratio across the 16 Capital Goods - Engineering Heavy companies on this page is 39.2×, measured on the 14 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Capital Goods - Engineering Heavy sector performing?
9 of the 16 covered Capital Goods - Engineering Heavy companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.