# Construction - Factories/Offices/Commercial — company-by-company sector analysis

> Construction - Factories/Offices/Commercial: Sri Lotus Developers & Realty Ltd owns the largest revenue base; Axentra Corp Limited has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Sri Lotus Developers & Realty Ltd leads with revenue of ₹769 crore, based on 5 of 5 comparable companies through Mar 2026. Axentra Corp Limited has the fastest current revenue growth at 100%, across 5 of 5 comparable companies.

### Is the Construction - Factories/Offices/Commercial sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Construction - Factories/Offices/Commercial company is largest by revenue?

Sri Lotus Developers & Realty Ltd leads with revenue of ₹769 crore, based on 5 of 5 comparable companies through Mar 2026.

### Which Construction - Factories/Offices/Commercial company is growing fastest?

Axentra Corp Limited has the fastest current revenue growth at 100%, across 5 of 5 comparable companies.

### Which Construction - Factories/Offices/Commercial company has the strongest 4-Factor Sector Score?

Shraddha Prime Projects Ltd ranks first at 50.2/100 with 63% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Construction - Factories/Offices/Commercial company has the least gross debt?

Axentra Corp Limited has the lowest comparable gross debt at ₹1 crore. Shraddha Prime Projects Ltd has the highest at ₹219 crore.

### Which Construction - Factories/Offices/Commercial company has the lowest comparable PEG?

Sri Lotus Developers & Realty Ltd has the lowest comparable Guarded PEG at 2.23, among 1 of 5 companies that pass the metric’s comparability rules.

### How much history does this Construction - Factories/Offices/Commercial comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 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.

## Sector relative strength

The 52-week comparison of Construction - Factories/Offices/Commercial against NIFTY 500 is not available from the current market series. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Shraddha Prime Projects Ltd is the strongest against the sector itself at -51%.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 3/4
Stocks leading sector: 0/1

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 5
Combined market value: ₹12.3K Cr

## 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.

1. Shraddha Prime Projects Ltd (SHRADDHA): 50/100 — Mixed-positive evidence; evidence 63%
   - Growth & earnings 23.0/35 | Capital efficiency 11.7/25 | Valuation 10.0/20 | Relative strength 5.5/20
   - Exact sum: 23 + 11.7 + 10 + 5.5 = 50.2
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -51% and the one-year return is -4.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 46/100 — Mixed-negative evidence; evidence 70%
   - Growth & earnings 10.2/35 | Capital efficiency 18.3/25 | Valuation 7.7/20 | Relative strength 10.0/20
   - Exact sum: 10.2 + 18.3 + 7.7 + 10 = 46.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. B-Right RealEstate Ltd (543543): 70/100 — Thin evidence · provisional; evidence 49%
   - Growth & earnings 24.9/35 | Capital efficiency 18.8/25 | Valuation 13.5/20 | Relative strength 12.5/20
   - Exact sum: 24.9 + 18.8 + 13.5 + 12.5 = 69.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Axentra Corp Limited (511634): 48/100 — Thin evidence · provisional; evidence 43%
   - Growth & earnings 14.5/35 | Capital efficiency 11.2/25 | Valuation 10.0/20 | Relative strength 12.5/20
   - Exact sum: 14.5 + 11.2 + 10 + 12.5 = 48.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. Avishkar Infra Realty Ltd (508929): 34/100 — Thin evidence · provisional; evidence 49%
   - Growth & earnings 7.0/35 | Capital efficiency 4.0/25 | Valuation 10.0/20 | Relative strength 12.5/20
   - Exact sum: 7 + 4 + 10 + 12.5 = 33.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: Sri Lotus Developers & Realty Ltd is the scale leader at ₹769 crore, 107.8% ahead of Shraddha Prime Projects Ltd. Axentra Corp Limited's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 3346.7% from a ₹10 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Sri Lotus Developers & Realty Ltd is the scale benchmark; Axentra Corp Limited is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Sri Lotus Developers & Realty Ltd's growth falls below Axentra Corp Limited's for two consecutive comparable reports while operating margin also compresses.

Evidence: Sri Lotus Developers & Realty Ltd · ₹769 crore | 107.8% versus #2 · Shraddha Prime Projects Ltd | 3/4 recent comparable periods | 5/5 companies · 58 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): ₹769 Cr
2. Shraddha Prime Projects Ltd (SHRADDHA): ₹370 Cr
3. B-Right RealEstate Ltd (543543): ₹271 Cr
4. Axentra Corp Limited (511634): ₹10 Cr
5. Avishkar Infra Realty Ltd (508929): ₹0 Cr

### Revenue growth — fastest growers
1. Axentra Corp Limited (511634): 100%
2. B-Right RealEstate Ltd (543543): 100%
3. Shraddha Prime Projects Ltd (SHRADDHA): 100%
4. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 40%
5. Avishkar Infra Realty Ltd (508929): -80%

### 20-quarter Revenue history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹10 Cr
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹10 Cr | Dec 2022 — | Mar 2023 ₹7 Cr | Jun 2023 — | Sep 2023 ₹19 Cr | Dec 2023 — | Mar 2024 ₹22 Cr | Jun 2024 — | Sep 2024 ₹41 Cr | Dec 2024 — | Mar 2025 ₹63 Cr | Jun 2025 — | Sep 2025 ₹54 Cr | Dec 2025 — | Mar 2026 ₹113 Cr
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹121 Cr | Sep 2024 ₹123 Cr | Dec 2024 ₹116 Cr | Mar 2025 ₹190 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹176 Cr | Dec 2025 ₹224 Cr | Mar 2026 ₹308 Cr
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹39 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹38 Cr | Dec 2024 ₹44 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹134 Cr | Dec 2025 ₹129 Cr | Mar 2026 —

### 20-quarter Revenue growth history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -100% | Mar 2026 -100%
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -100% | Dec 2025 — | Mar 2026 —
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 90% | Dec 2023 — | Mar 2024 214% | Jun 2024 — | Sep 2024 116% | Dec 2024 — | Mar 2025 186% | Jun 2025 — | Sep 2025 32% | Dec 2025 — | Mar 2026 79%
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -50% | Sep 2025 43% | Dec 2025 93% | Mar 2026 62%
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 244% | Jun 2024 767% | Sep 2024 245% | Dec 2024 13% | Mar 2025 55% | Jun 2025 127% | Sep 2025 253% | Dec 2025 193% | Mar 2026 —

## Operating Economics & Margin Trend

What the numbers say: B-Right RealEstate Ltd leads both opm at 41% and margin change at +30 percentage points.

Investor read: B-Right RealEstate 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.

Evidence: B-Right RealEstate Ltd · 41% | 5.1% versus #2 · Sri Lotus Developers & Realty Ltd | 3/6 recent comparable periods | 4/5 companies · 34 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. B-Right RealEstate Ltd (543543): 41%
2. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 39%
3. Shraddha Prime Projects Ltd (SHRADDHA): 16%
4. Axentra Corp Limited (511634): 11%

### Margin change — fastest expanders
1. B-Right RealEstate Ltd (543543): +30.0 pp
2. Shraddha Prime Projects Ltd (SHRADDHA): −10.0 pp
3. Sri Lotus Developers & Realty Ltd (LOTUSDEV): −18.0 pp

### 20-quarter OPM history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 78% | Mar 2025 89% | Jun 2025 90% | Sep 2025 — | Dec 2025 — | Mar 2026 —
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 93% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 11%
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 31% | Dec 2022 — | Mar 2023 10% | Jun 2023 — | Sep 2023 21% | Dec 2023 — | Mar 2024 26% | Jun 2024 — | Sep 2024 15% | Dec 2024 — | Mar 2025 11% | Jun 2025 — | Sep 2025 35% | Dec 2025 — | Mar 2026 41%
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 44% | Sep 2024 53% | Dec 2024 53% | Mar 2025 57% | Jun 2025 48% | Sep 2025 29% | Dec 2025 35% | Mar 2026 39%
- SHRADDHA: Jun 2021 -129% | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 16% | Jun 2023 31% | Sep 2023 29% | Dec 2023 34% | Mar 2024 -26% | Jun 2024 4.0% | Sep 2024 26% | Dec 2024 26% | Mar 2025 17% | Jun 2025 18% | Sep 2025 9.0% | Dec 2025 16% | Mar 2026 —

### 20-quarter Margin change history
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −10.0 pp | Dec 2023 — | Mar 2024 +16.0 pp | Jun 2024 — | Sep 2024 −6.0 pp | Dec 2024 — | Mar 2025 −15.0 pp | Jun 2025 — | Sep 2025 +20.0 pp | Dec 2025 — | Mar 2026 +30.0 pp
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +4.0 pp | Sep 2025 −24.0 pp | Dec 2025 −18.0 pp | Mar 2026 −18.0 pp
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −42.0 pp | Jun 2024 −27.0 pp | Sep 2024 −3.0 pp | Dec 2024 −8.0 pp | Mar 2025 +43.0 pp | Jun 2025 +14.0 pp | Sep 2025 −17.0 pp | Dec 2025 −10.0 pp | Mar 2026 —

## Profit Scale & Acceleration

What the numbers say: Sri Lotus Developers & Realty Ltd leads with ₹243 crore of TTM profit, 395.9% above B-Right RealEstate Ltd. B-Right RealEstate Ltd shows ≥100% on the scoring scale (444.4% uncapped) growth from a ₹49 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Sri Lotus Developers & Realty 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.

Evidence: Sri Lotus Developers & Realty Ltd · ₹243 crore | 395.9% versus #2 · B-Right RealEstate Ltd | 2/4 recent comparable periods | 5/5 companies · 58 observations

Definition: 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 profit — largest
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): ₹243 Cr
2. B-Right RealEstate Ltd (543543): ₹49 Cr
3. Shraddha Prime Projects Ltd (SHRADDHA): ₹37 Cr
4. Axentra Corp Limited (511634): ₹1 Cr
5. Avishkar Infra Realty Ltd (508929): ₹-2 Cr

### Profit growth — fastest growers
1. B-Right RealEstate Ltd (543543): 100%
2. Shraddha Prime Projects Ltd (SHRADDHA): 100%
3. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 7.1%
4. Avishkar Infra Realty Ltd (508929): -80%

### 20-quarter Net profit history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-0 Cr | Dec 2022 ₹-0 Cr | Mar 2023 ₹-0 Cr | Jun 2023 ₹-0 Cr | Sep 2023 ₹-0 Cr | Dec 2023 ₹-0 Cr | Mar 2024 ₹-0 Cr | Jun 2024 ₹-0 Cr | Sep 2024 ₹-0 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹-1 Cr | Sep 2025 ₹-0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹-1 Cr
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹-0 Cr | Sep 2023 ₹-0 Cr | Dec 2023 ₹-0 Cr | Mar 2024 ₹-0 Cr | Jun 2024 ₹-0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹-0 Cr | Mar 2025 ₹-0 Cr | Jun 2025 ₹-0 Cr | Sep 2025 ₹-0 Cr | Dec 2025 ₹-0 Cr | Mar 2026 ₹1 Cr
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹2 Cr | Dec 2022 — | Mar 2023 ₹1 Cr | Jun 2023 — | Sep 2023 ₹3 Cr | Dec 2023 — | Mar 2024 ₹3 Cr | Jun 2024 — | Sep 2024 ₹0 Cr | Dec 2024 — | Mar 2025 ₹4 Cr | Jun 2025 — | Sep 2025 ₹12 Cr | Dec 2025 — | Mar 2026 ₹33 Cr
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹40 Cr | Sep 2024 ₹50 Cr | Dec 2024 ₹51 Cr | Mar 2025 ₹86 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹70 Cr | Mar 2026 ₹101 Cr
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹-7 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹13 Cr | Mar 2026 —

### 20-quarter Profit growth history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -97% | Mar 2026 -129%
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -110% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -118% | Dec 2025 — | Mar 2026 —
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 50% | Dec 2023 — | Mar 2024 200% | Jun 2024 — | Sep 2024 -100% | Dec 2024 — | Mar 2025 33% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 725%
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -35% | Sep 2025 -8.0% | Dec 2025 37% | Mar 2026 17%
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -800% | Jun 2024 100% | Sep 2024 250% | Dec 2024 -10% | Mar 2025 — | Jun 2025 350% | Sep 2025 14% | Dec 2025 44% | Mar 2026 —

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

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.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/5 companies · 0 observations

Definition: 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.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Sri Lotus Developers & Realty Ltd has the clearest covered balance-sheet capacity with ₹718 crore net cash and gross debt of ₹131 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

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.

Evidence: Axentra Corp Limited · ₹1 crore | 96.2% versus #2 · Avishkar Infra Realty Ltd | Not enough history | 5/5 companies · 32 observations

Definition: 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 debt — lowest gross debt
1. Axentra Corp Limited (511634): ₹1 Cr
2. Avishkar Infra Realty Ltd (508929): ₹29 Cr
3. Sri Lotus Developers & Realty Ltd (LOTUSDEV): ₹131 Cr
4. B-Right RealEstate Ltd (543543): ₹187 Cr
5. Shraddha Prime Projects Ltd (SHRADDHA): ₹219 Cr

### Net debt — lowest net debt
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): ₹-718 Cr

### 20-quarter Gross debt history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹9 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹10 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹8 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹34 Cr | Jun 2025 — | Sep 2025 ₹20 Cr | Dec 2025 — | Mar 2026 ₹29 Cr
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1 Cr | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 — | Mar 2026 ₹1 Cr
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹17 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹39 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹154 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹78 Cr | Jun 2025 — | Sep 2025 ₹155 Cr | Dec 2025 — | Mar 2026 ₹187 Cr
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹324 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹309 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹429 Cr | Jun 2024 ₹429 Cr | Sep 2024 ₹463 Cr | Dec 2024 — | Mar 2025 ₹124 Cr | Jun 2025 ₹124 Cr | Sep 2025 ₹139 Cr | Dec 2025 ₹139 Cr | Mar 2026 ₹131 Cr
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹88 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹103 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹189 Cr | Jun 2025 — | Sep 2025 ₹219 Cr | Dec 2025 — | Mar 2026 —

### 20-quarter Net debt history
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹305 Cr | Sep 2024 ₹169 Cr | Dec 2024 — | Mar 2025 ₹-257 Cr | Jun 2025 ₹-257 Cr | Sep 2025 ₹-874 Cr | Dec 2025 ₹-874 Cr | Mar 2026 ₹-718 Cr

## Return On Capital Employed

What the numbers say: B-Right RealEstate Ltd leads ROCE at 21.6%, 0.4 percentage points above Sri Lotus Developers & Realty Ltd. B-Right RealEstate Ltd has the strongest latest improvement at +17 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.

Investor read: B-Right RealEstate 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.

Evidence: B-Right RealEstate Ltd · 21.6% | 1.9% versus #2 · Sri Lotus Developers & Realty Ltd | Not enough history | 5/5 companies · 6 observations

Definition: 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.

### ROCE — highest
1. B-Right RealEstate Ltd (543543): 22%
2. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 21%
3. Shraddha Prime Projects Ltd (SHRADDHA): 16%
4. Axentra Corp Limited (511634): 6.9%
5. Avishkar Infra Realty Ltd (508929): 2.3%

### ROCE change — fastest improvers
1. B-Right RealEstate Ltd (543543): +17.0 pp
2. Shraddha Prime Projects Ltd (SHRADDHA): +7.0 pp
3. Avishkar Infra Realty Ltd (508929): −10.9 pp
4. Sri Lotus Developers & Realty Ltd (LOTUSDEV): −15.0 pp
5. Axentra Corp Limited (511634): −3,006.9 pp

### 20-quarter ROCE history
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 27% | Dec 2024 — | Mar 2025 29% | Jun 2025 29% | Sep 2025 14% | Dec 2025 28% | Mar 2026 14%

### 20-quarter ROCE change history
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 −13.6 pp | Dec 2025 — | Mar 2026 −15.0 pp

## Valuation Against Growth & Quality

What the numbers say: Sri Lotus Developers & Realty Ltd has the lowest comparable Guarded PEG at 2.23×. Only 1 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

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.

Evidence: Sri Lotus Developers & Realty Ltd · 2.23× | Not enough peers | 0/3 recent comparable periods | 1/5 companies · 1 observations

Definition: 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 PEG — lowest PEG
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 2.2

### P/E — lowest P/E
1. Shraddha Prime Projects Ltd (SHRADDHA): 18.0
2. B-Right RealEstate Ltd (543543): 26.0
3. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 37.2
4. Axentra Corp Limited (511634): 600.0

### 20-quarter Guarded PEG history
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 2.2 | Mar 2026 —

### 20-quarter P/E history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 56.9 | Sep 2025 274.1 | Dec 2025 462.3 | Mar 2026 798.0
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 2.7 | Jun 2025 9.6 | Sep 2025 27.4 | Dec 2025 42.3 | Mar 2026 —
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 45.5 | Dec 2022 — | Mar 2023 75.0 | Jun 2023 — | Sep 2023 79.6 | Dec 2023 — | Mar 2024 95.3 | Jun 2024 — | Sep 2024 143.7 | Dec 2024 — | Mar 2025 204.4 | Jun 2025 — | Sep 2025 123.0 | Dec 2025 — | Mar 2026 221.5
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 36.2 | Dec 2025 34.1 | Mar 2026 20.9
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 100.2 | Sep 2023 166.7 | Dec 2023 55.8 | Mar 2024 23.6 | Jun 2024 33.9 | Sep 2024 48.4 | Dec 2024 34.1 | Mar 2025 51.6 | Jun 2025 28.9 | Sep 2025 22.5 | Dec 2025 24.2 | Mar 2026 —

## Enterprise Value & Book Value

What the numbers say: Sri Lotus Developers & Realty Ltd leads both ev/ebitda at 13.3× and p/bv at 4.6×.

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.

Evidence: Sri Lotus Developers & Realty Ltd · 13.3× | 33.2% versus #2 · Shraddha Prime Projects Ltd | 0/3 recent comparable periods | 4/5 companies · 27 observations

Definition: 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/EBITDA — lowest EV/EBITDA
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 13.3
2. Shraddha Prime Projects Ltd (SHRADDHA): 19.9
3. B-Right RealEstate Ltd (543543): 40.7
4. Avishkar Infra Realty Ltd (508929): 426.9

### P/BV — lowest P/BV
1. Sri Lotus Developers & Realty Ltd (LOTUSDEV): 4.6
2. B-Right RealEstate Ltd (543543): 5.1
3. Shraddha Prime Projects Ltd (SHRADDHA): 7.1
4. Axentra Corp Limited (511634): 19.9
5. Avishkar Infra Realty Ltd (508929): 104.9

### 20-quarter EV/EBITDA history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 64.9 | Sep 2025 294.3 | Dec 2025 492.1 | Mar 2026 426.9
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 5.3 | Jun 2025 212.2 | Sep 2025 1,165.5 | Dec 2025 — | Mar 2026 —
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 130.0 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 31.6 | Dec 2023 — | Mar 2024 42.5 | Jun 2024 — | Sep 2024 44.4 | Dec 2024 — | Mar 2025 37.9 | Jun 2025 — | Sep 2025 28.3 | Dec 2025 — | Mar 2026 40.7
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 27.1 | Dec 2025 24.2 | Mar 2026 13.3
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 152.7 | Sep 2023 — | Dec 2023 36.0 | Mar 2024 17.4 | Jun 2024 28.6 | Sep 2024 39.4 | Dec 2024 28.2 | Mar 2025 37.3 | Jun 2025 23.2 | Sep 2025 19.6 | Dec 2025 19.9 | Mar 2026 —

### 20-quarter P/BV history
- 508929: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 12.8 | Sep 2025 65.9 | Dec 2025 111.1 | Mar 2026 102.6
- 511634: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -0.3 | Jun 2024 -0.5 | Sep 2024 -0.5 | Dec 2024 — | Mar 2025 -0.7 | Jun 2025 -2.0 | Sep 2025 14.7 | Dec 2025 25.4 | Mar 2026 33.9
- 543543: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.6 | Jun 2023 — | Sep 2023 0.9 | Dec 2023 — | Mar 2024 1.2 | Jun 2024 — | Sep 2024 2.5 | Dec 2024 — | Mar 2025 2.7 | Jun 2025 — | Sep 2025 2.4 | Dec 2025 — | Mar 2026 7.2
- LOTUSDEV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 5.3 | Dec 2025 4.5 | Mar 2026 2.9
- SHRADDHA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 37.6 | Sep 2023 62.5 | Dec 2023 4.0 | Mar 2024 6.5 | Jun 2024 13.6 | Sep 2024 6.6 | Dec 2024 6.5 | Mar 2025 8.8 | Jun 2025 9.5 | Sep 2025 9.2 | Dec 2025 8.5 | Mar 2026 —

## Market action

Axentra Corp Limited has the strongest one-year price move in Construction - Factories/Offices/Commercial at +296.6%. Avishkar Infra Realty Ltd leads on Mansfield relative strength against NIFTY at +47.7%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Axentra Corp Limited (511634): 297%
2. Avishkar Infra Realty Ltd (508929): 281%
3. B-Right RealEstate Ltd (543543): 136%
4. Shraddha Prime Projects Ltd (SHRADDHA): -4.6%
5. Sri Lotus Developers & Realty Ltd (LOTUSDEV): -33%

### Strongest relative strength versus NIFTY 500
1. Avishkar Infra Realty Ltd (508929): 48%
2. Axentra Corp Limited (511634): 33%
3. B-Right RealEstate Ltd (543543): 27%
4. Shraddha Prime Projects Ltd (SHRADDHA): -0.0%

## What can make this comparison misleading?
- 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.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Sri Lotus Developers & Realty Ltd (LOTUSDEV) — market value ₹8.8K Cr; latest fundamentals Mar 2026
- Avishkar Infra Realty Ltd (508929) — market value ₹1.3K Cr; latest fundamentals Mar 2026
- B-Right RealEstate Ltd (543543) — market value ₹898 Cr; latest fundamentals Mar 2026
- Shraddha Prime Projects Ltd (SHRADDHA) — market value ₹685 Cr; latest fundamentals Dec 2025
- Axentra Corp Limited (511634) — market value ₹624 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 1. Unverified: 4. Withheld: 0. Graded companies: 5.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Construction - Factories/Offices/Commercial index?

The Nifty Construction - Factories/Offices/Commercial index tracks India's listed Construction - Factories/Offices/Commercial companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Construction - Factories/Offices/Commercial sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Construction - Factories/Offices/Commercial stocks in India?

Ranked by this page's four-factor score, Shraddha Prime Projects Ltd places first among 5 listed Construction - Factories/Offices/Commercial companies, followed by Sri Lotus Developers & Realty Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Construction - Factories/Offices/Commercial stocks are listed in India?

This comparison covers 5 listed Construction - Factories/Offices/Commercial 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 Mar 2026.

### Which Construction - Factories/Offices/Commercial company is the biggest?

Sri Lotus Developers & Realty Ltd is the largest, with trailing-twelve-month revenue of ₹769 crore, ahead of Shraddha Prime Projects Ltd at ₹370 crore. That covers 5 of 5 companies with comparable reporting through Mar 2026.

### Which Construction - Factories/Offices/Commercial company is growing fastest?

Axentra Corp Limited has the fastest revenue growth at 100% year on year, across 5 of 5 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 Construction - Factories/Offices/Commercial company has the best profit margins?

B-Right RealEstate Ltd has the highest operating margin at 41%, from 4 of 5 comparable companies. B-Right RealEstate Ltd shows the biggest recent improvement, at +30 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Construction - Factories/Offices/Commercial company makes the most profit?

Sri Lotus Developers & Realty Ltd earns the most, at ₹243 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. B-Right RealEstate Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Construction - Factories/Offices/Commercial company earns the highest return on capital?

B-Right RealEstate Ltd leads on return on capital employed at 21.6%, across 5 of 5 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 Construction - Factories/Offices/Commercial stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Sri Lotus Developers & Realty Ltd screens cheapest at 2.23×. Only 1 of 5 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 Construction - Factories/Offices/Commercial company has the strongest balance sheet?

Axentra Corp Limited carries the lowest comparable gross debt at ₹1 crore, from 5 of 5 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 Construction - Factories/Offices/Commercial stock has the strongest price momentum?

Avishkar Infra Realty 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 Construction - Factories/Offices/Commercial company scores highest for research priority?

Shraddha Prime Projects Ltd scores 50.2 out of 100 with 63% evidence confidence, from 23 points on growth and earnings, 11.7 on capital efficiency, 10 on valuation and 5.5 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 Construction - Factories/Offices/Commercial companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 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 Construction - Factories/Offices/Commercial sector?

The 5 Construction - Factories/Offices/Commercial companies on this page carry ₹12,319 crore of combined market value. Sri Lotus Developers & Realty Ltd is the largest at ₹8,816 crore, about 72% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Construction - Factories/Offices/Commercial sector performing?

3 of the 4 covered Construction - Factories/Offices/Commercial 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.

Narrative sector analysis: https://www.sectoralpha.in/sectors/construction-factories-offices-commercial