Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Engineering - Turnkey Services Stocks in India

Engineering - Turnkey Services: Bajel Projects Ltd owns the largest revenue base; K.P. Energy Ltd has the fastest current growth.

Nifty Engineering - Turnkey Services Index — Constituents & Performance

The Engineering - Turnkey Services companies below are the listed Indian Engineering - Turnkey Services universe this page tracks — the same constituent set people search for as the Nifty Engineering - Turnkey Services 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 Engineering - Turnkey Services moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 6% ahead of NIFTY 500. Earnings across its companies fell 2% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 16 weeks running.

FADING · −4 in 4w~Moving with the index4 of 8 companies ahead of NIFTY 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more

RS ↑16w · 6/8 >200d (+0) · 4/8 lead (−4) · EPS 5/8↑

200500100020005000202620252024202320222021 3601340 TRAILING 12-MONTH EPS · 100 AT THE START0100101Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 52.7% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 90, against 100 at the start · up 96.1% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 11.5% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 70, against 100 at the start · down 36.2% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 65, against 100 at the start · up 17.5% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 17.0% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 59, against 100 at the start · up 29.6% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two59 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020005000202620252024202320222021 3601340 TRAILING 12-MONTH EPS · 100 AT THE START0100101Mar 24Mar 25Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 52.7% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 90, against 100 at the start · up 96.1% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 11.5% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 70, against 100 at the start · down 36.2% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 65, against 100 at the start · up 17.5% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 17.0% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 59, against 100 at the start · up 29.6% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two59No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Engineering - Turnkey Services, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 8 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 2/20
Mid 1/3−2
Small 1/3−2

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 8 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 Engineering - Turnkey Services outperforming NIFTY 500?

The 52-week comparison of Engineering - Turnkey Services against NIFTY 500 is not available from the current market series. 3 of 7 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. EMA India Ltd is the strongest against the sector itself at +80.9%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
3/7Stocks leading NIFTY 500
2/7Stocks leading sector

Sector metric: 22.8 as of 2026-07-19 · CONSOLIDATION · falling.

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. 3 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Bajel Projects Ltd leads with revenue of ₹2,792 crore, based on 7 of 9 comparable companies through Mar 2026. K.P. Energy Ltd has the fastest current revenue growth at 59.4%, across 6 of 9 comparable companies.

Is the Engineering - Turnkey Services sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Engineering - Turnkey Services company is largest by revenue?

Bajel Projects Ltd leads with revenue of ₹2,792 crore, based on 7 of 9 comparable companies through Mar 2026.

Which Engineering - Turnkey Services company is growing fastest?

K.P. Energy Ltd has the fastest current revenue growth at 59.4%, across 6 of 9 comparable companies.

Which Engineering - Turnkey Services company has the strongest 4-Factor Sector Score?

ACME Solar Holdings Ltd ranks first at 63.9/100 with 93% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Engineering - Turnkey Services company reports the most CAPEX?

ACME Solar Holdings Ltd reports the largest latest CAPEX at ₹1,749 crore, with 3 of 9 companies comparable.

Which Engineering - Turnkey Services company has the least gross debt?

EMA India Ltd has the lowest comparable gross debt at ₹0 crore. ACME Solar Holdings Ltd has the highest at ₹19,896 crore.

Which Engineering - Turnkey Services company has the lowest comparable PEG?

ACME Solar Holdings Ltd has the lowest comparable Guarded PEG at 1.07, among 1 of 9 companies that pass the metric’s comparability rules.

How much history does this Engineering - Turnkey Services 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.

Companies
9
complete canonical membership
Combined market value
₹40.2K Cr
ACME Solar Holdings Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
3/7
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%
ACME Solar Holdings Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.
EMA India Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

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. ACME Solar Holdings Ltd · ACMESOLAR

63.9/100 · Mixed-positive evidence · 93% evidence

Exact sum: 23.6 + 9.7 + 12.1 + 18.5 = 63.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

23.6/35Growth & earnings

Revenue 44% · PAT 99.2% · OPM change -3 pp

100% evidence

9.7/25Capital efficiency

ROCE 8.9% · debt/equity 3.93×

100% evidence

12.1/20Valuation

P/E 52× · PEG 1.07

65% evidence

18.5/20Relative strength

RS sector 26.6% · RS bench 38.3% · 1Y 39.8%

100% evidence

2. K.P. Energy Ltd · KPEL

61.3/100 · Mixed-positive evidence · 80% evidence

Exact sum: 30.2 + 17 + 10.6 + 3.5 = 61.3

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.4% and the one-year return is -37.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

30.2/35Growth & earnings

Revenue 59.4% · PAT 57.4% · OPM change 3 pp

95% evidence

17.0/25Capital efficiency

ROCE 39.2% · debt/equity 0.84×

95% evidence

10.6/20Valuation

P/E 11.3× · PEG —

15% evidence

3.5/20Relative strength

RS sector -20.4% · RS bench -12.8% · 1Y -37.8%

100% evidence

3. Pace Digitek Ltd · PACEDIGITK

52.0/100 · Thin evidence · provisional · 56% evidence

Exact sum: 15.9 + 16.3 + 9.8 + 10 = 52

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.9/35Growth & earnings

Revenue 8.3% · PAT 10.4% · OPM change 4 pp

95% evidence

16.3/25Capital efficiency

ROCE 21.3% · debt/equity 0.44×

80% evidence

9.8/20Valuation

P/E 14.2× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

4. Ganesh Green Bharat Ltd · GGBL

47.7/100 · Thin evidence · provisional · 56% evidence

Exact sum: 18.4 + 18.2 + 11.1 + 0 = 47.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.4/35Growth & earnings

Revenue — · PAT — · OPM change -7 pp

26% evidence

18.2/25Capital efficiency

ROCE 35.4% · debt/equity 0.18×

95% evidence

11.1/20Valuation

P/E 8.7× · PEG —

15% evidence

0.0/20Relative strength

RS sector -28.4% · RS bench -21.6% · 1Y -48.6%

100% evidence

5. Bajel Projects Ltd · BAJEL

47.5/100 · Mixed-negative evidence · 74% evidence

Exact sum: 19.4 + 11 + 8.5 + 8.6 = 47.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.4/35Growth & earnings

Revenue 7.5% · PAT 31.3% · OPM change 0 pp

95% evidence

11.0/25Capital efficiency

ROCE 11% · debt/equity 0.49×

95% evidence

8.5/20Valuation

P/E 71.4× · PEG —

15% evidence

8.6/20Relative strength

RS sector -9.8% · RS bench -4.7% · 1Y -30.7%

70% evidence

6. Enviro Infra Engineers Ltd · EIEL

43.0/100 · Mixed-negative evidence · 70% evidence

Exact sum: 8.5 + 16.4 + 9.4 + 8.7 = 43

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

8.5/35Growth & earnings

Revenue 8.2% · PAT 6.2% · OPM change -6 pp

95% evidence

16.4/25Capital efficiency

ROCE 20.4% · debt/equity 0.34×

80% evidence

9.4/20Valuation

P/E 20.4× · PEG —

15% evidence

8.7/20Relative strength

RS sector -24.3% · RS bench 3.9% · 1Y -22.8%

70% evidence

7. Supreme Infrastructure India Ltd · SUPREMEINF

32.7/100 · Adverse evidence · 66% evidence

Exact sum: 14.7 + 1.4 + 11.5 + 5.1 = 32.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.7/35Growth & earnings

Revenue 0% · PAT 100% · OPM change 36 pp

71% evidence

1.4/25Capital efficiency

ROCE -2.2% · debt/equity 6.24×

95% evidence

11.5/20Valuation

P/E 0.1× · PEG —

15% evidence

5.1/20Relative strength

RS sector -24.6% · RS bench -10.7% · 1Y -33.4%

70% evidence

8. Goel Construction Company Ltd · 544504

55.7/100 · Thin evidence · provisional · 32% evidence

Exact sum: 17.1 + 18.4 + 10.2 + 10 = 55.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.1/35Growth & earnings

Revenue — · PAT — · OPM change 1 pp

26% evidence

18.4/25Capital efficiency

ROCE 34.2% · debt/equity 0.03×

80% evidence

10.2/20Valuation

P/E 13.7× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

9. EMA India Ltd · 522027

49.4/100 · Thin evidence · provisional · 41% evidence

Exact sum: 12.6 + 9.8 + 10 + 17 = 49.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.6/35Growth & earnings

Revenue — · PAT 100% · OPM change —

29% evidence

9.8/25Capital efficiency

ROCE -1036% · debt/equity 0×

68% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

17.0/20Relative strength

RS sector 80.9% · RS bench 66.3% · 1Y 359.6%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Bajel Projects Ltd has the highest Revenue among the 9 Engineering - Turnkey Services companies compared here, at ₹2,792 crore. Pace Digitek Ltd is next at ₹2,641 crore. K.P. Energy Ltd has the highest Revenue growth at 59.4%, so level and change sit with different companies. 7 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Bajel Projects Ltd is the scale leader at ₹2,792 crore, 5.7% ahead of Pace Digitek Ltd. K.P. Energy Ltd's growth is 59.4% from a ₹1,497 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBajel Projects Ltd · ₹2,792 crore
Gap5.7% versus #2 · Pace Digitek Ltd
Persistence3/5 recent comparable periods
Coverage7/9 companies · 92 observations

Investor read: Bajel Projects Ltd is the scale benchmark; K.P. Energy Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Bajel Projects Ltd's growth falls below K.P. Energy 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
1Bajel Projects Ltd BAJEL⚠ unverified₹2.8K Cr
2Pace Digitek Ltd PACEDIGITK₹2.6K Cr
3ACME Solar Holdings Ltd ACMESOLAR₹2.0K Cr
4K.P. Energy Ltd KPEL⚠ unverified₹1.5K Cr
5Enviro Infra Engineers Ltd EIEL₹1.1K Cr
Revenue growthfastest growers
1K.P. Energy Ltd KPEL⚠ unverified59%
2ACME Solar Holdings Ltd ACMESOLAR44%
3Pace Digitek Ltd PACEDIGITK8.3%
4Enviro Infra Engineers Ltd EIEL8.2%
5Bajel Projects Ltd BAJEL⚠ unverified7.5%
Revenue · company comparison
7/9 level · 6/9 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.

CompanyRevenueRevenue growthReported
Pace Digitek Ltd PACEDIGITK₹1.1K Cr61%Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified₹1.0K Cr26%Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified₹725 Cr298%Mar 2026
K.P. Energy Ltd KPEL⚠ unverified₹632 Cr58%Mar 2026
ACME Solar Holdings Ltd ACMESOLAR₹548 Cr13%Mar 2026
Enviro Infra Engineers Ltd EIEL₹427 Cr8.7%Mar 2026
Goel Construction Company Ltd 544504₹412 Cr30%Mar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹14 Cr-36%Mar 2026
EMA India Ltd 522027₹0 Cr—Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
₹369 Cr
₹323 Cr
₹332 Cr
₹295 Cr
₹310 Cr
₹260 Cr
₹349 Cr
₹487 Cr
₹511 Cr
₹468 Cr
₹497 Cr
₹548 Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
₹489 Cr
₹512 Cr
₹662 Cr
₹622 Cr
₹801 Cr
₹608 Cr
₹614 Cr
₹562 Cr
₹1.0K Cr

EMA India Ltd · 522027

—
—
—
—
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
₹120 Cr
₹150 Cr
₹300 Cr
₹205 Cr
₹213 Cr
₹247 Cr
₹393 Cr
₹241 Cr
₹227 Cr
₹250 Cr
₹427 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
₹59 Cr
—
₹111 Cr
—
₹138 Cr
—
₹182 Cr
—
₹341 Cr
—
₹725 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
₹272 Cr
—
₹318 Cr
—
₹245 Cr
—
₹412 Cr

K.P. Energy Ltd · KPEL⚠ unverified

—
—
—
—
—
—
₹108 Cr
₹148 Cr
₹113 Cr
₹70 Cr
₹82 Cr
₹207 Cr
₹127 Cr
₹199 Cr
₹212 Cr
₹401 Cr
₹219 Cr
₹301 Cr
₹345 Cr
₹632 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
₹342 Cr
₹846 Cr
₹567 Cr
₹683 Cr
₹367 Cr
₹533 Cr
₹644 Cr
₹1.1K Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
—
—
—
—
₹23 Cr
₹23 Cr
₹8 Cr
₹17 Cr
₹9 Cr
₹29 Cr
₹27 Cr
₹10 Cr
₹7 Cr
₹22 Cr
₹8 Cr
₹14 Cr
₹30 Cr
₹14 Cr

Revenue growth · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
-16%
-20%
5.1%
65%
65%
80%
42%
13%

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
64%
19%
-7.3%
-9.7%
26%

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
78%
65%
31%
18%
6.6%
1.2%
8.7%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
134%
—
64%
—
147%
—
298%

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-9.9%
—
30%

K.P. Energy Ltd · KPEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
-24%
40%
12%
184%
159%
94%
72%
51%
63%
58%

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
7.3%
-37%
14%
61%

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
—
—
—
—
—
—
—
—
-61%
26%
238%
-41%
-22%
-24%
-70%
40%
329%
-36%
02 · compare level, then change

Operating Economics & Margin Trend

ACME Solar Holdings Ltd has the highest OPM among the 9 Engineering - Turnkey Services companies compared here, at 87%. K.P. Energy Ltd is next at 21%. Supreme Infrastructure India Ltd has the highest Margin change at +36 percentage points, so level and change sit with different companies. Its OPM series carries 12 reported observations across the 20-quarter window.

What the numbers say: ACME Solar Holdings Ltd leads opm at 87%; Supreme Infrastructure India Ltd leads margin change at +36 percentage points.

LeaderACME Solar Holdings Ltd · 87%
Gap314.3% versus #2 · K.P. Energy Ltd
Persistence6/8 recent comparable periods
Coverage8/9 companies · 96 observations

Investor read: ACME Solar Holdings 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
1ACME Solar Holdings Ltd ACMESOLAR87%
2K.P. Energy Ltd KPEL⚠ unverified21%
3Enviro Infra Engineers Ltd EIEL19%
4Pace Digitek Ltd PACEDIGITK15%
5Goel Construction Company Ltd 54450411%
Margin changefastest expanders
1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified+36.0 pp
2Pace Digitek Ltd PACEDIGITK+4.0 pp
3K.P. Energy Ltd KPEL⚠ unverified+3.0 pp
4Goel Construction Company Ltd 544504+1.0 pp
5Bajel Projects Ltd BAJEL⚠ unverified0.0 pp
Operating margin · company comparison
8/9 level · 8/9 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.

CompanyOPMMargin changeReported
ACME Solar Holdings Ltd ACMESOLAR87%−3.0 ppMar 2026
K.P. Energy Ltd KPEL⚠ unverified21%+3.0 ppMar 2026
Enviro Infra Engineers Ltd EIEL19%−6.0 ppMar 2026
Pace Digitek Ltd PACEDIGITK15%+4.0 ppMar 2026
Goel Construction Company Ltd 54450411%+1.0 ppMar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified9.0%−7.0 ppMar 2026
Bajel Projects Ltd BAJEL⚠ unverified3.0%0.0 ppMar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified-18%+36.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
87%
90%
84%
68%
88%
85%
88%
90%
90%
86%
89%
87%

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
-7.8%
-2.8%
-3.4%
-1.2%
-2.0%
3.3%
2.0%
1.0%
3.0%
2.0%
3.0%
3.0%
3.0%
4.0%
3.0%

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
19%
18%
29%
25%
26%
22%
25%
27%
29%
27%
19%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
21%
—
20%
—
15%
—
16%
—
14%
—
9.0%

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
9.0%
—
10%
—
11%
—
11%

K.P. Energy Ltd · KPEL⚠ unverified

22%
18%
19%
6.7%
14%
20%
18%
15%
19%
23%
21%
15%
18%
20%
20%
18%
22%
22%
22%
21%

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
28%
22%
21%
11%
22%
18%
18%
15%

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

6.8%
5.7%
-12%
-16%
-3.2%
-3.9%
-15%
-46%
-150%
-111%
-61%
-75%
-114%
-41%
-59%
-54%
-35%
-27%
25%
-18%

Margin change · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
+1.0 pp
−5.0 pp
+4.0 pp
+22.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
−3.0 pp

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
+5.8 pp
+6.1 pp
+5.4 pp
+2.2 pp
+5.0 pp
−1.3 pp
+1.0 pp
+2.0 pp
0.0 pp
+2.0 pp
0.0 pp

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
+7.0 pp
+4.0 pp
−4.0 pp
+2.0 pp
+3.0 pp
+5.0 pp
−6.0 pp

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
−6.0 pp
—
−4.0 pp
—
−1.0 pp
—
−7.0 pp

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+2.0 pp
—
+1.0 pp

K.P. Energy Ltd · KPEL⚠ unverified

−19.1 pp
−4.4 pp
−12.8 pp
−13.4 pp
−8.5 pp
+2.1 pp
−0.5 pp
+8.3 pp
+5.2 pp
+3.3 pp
+3.0 pp
0.0 pp
−1.0 pp
−3.0 pp
−1.0 pp
+3.0 pp
+4.0 pp
+2.0 pp
+2.0 pp
+3.0 pp

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−6.0 pp
−4.0 pp
−3.0 pp
+4.0 pp

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

+79.8 pp
+24.6 pp
+138.9 pp
−33.8 pp
−9.9 pp
−9.6 pp
−3.0 pp
−30.0 pp
−146.8 pp
−107.1 pp
−46.0 pp
−29.0 pp
+36.0 pp
+70.0 pp
+2.0 pp
+21.0 pp
+79.0 pp
+14.0 pp
+84.0 pp
+36.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Supreme Infrastructure India Ltd has the highest Net profit among the 9 Engineering - Turnkey Services companies compared here, at ₹5,797 crore. ACME Solar Holdings Ltd is next at ₹498 crore. ACME Solar Holdings Ltd has the highest Profit growth at 99.2%, so level and change sit with different companies.

What the numbers say: Supreme Infrastructure India Ltd leads with ₹5,797 crore of TTM profit, 11.6× the profit of ACME Solar Holdings Ltd. ACME Solar Holdings Ltd shows 99.2% growth from a ₹498 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSupreme Infrastructure India Ltd · ₹5,797 crore
Gap11.6× versus #2 · ACME Solar Holdings Ltd
PersistenceNot enough history
Coverage7/9 companies · 92 observations

Investor read: Supreme Infrastructure India 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
1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹5.8K Cr
2ACME Solar Holdings Ltd ACMESOLAR₹498 Cr
3Pace Digitek Ltd PACEDIGITK₹308 Cr
4Enviro Infra Engineers Ltd EIEL₹188 Cr
5K.P. Energy Ltd KPEL⚠ unverified₹181 Cr
Profit growthfastest growers
1ACME Solar Holdings Ltd ACMESOLAR99%
2K.P. Energy Ltd KPEL⚠ unverified57%
3Bajel Projects Ltd BAJEL⚠ unverified31%
4Pace Digitek Ltd PACEDIGITK10%
5Enviro Infra Engineers Ltd EIEL6.2%
Net profit · company comparison
7/9 level · 5/9 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.

CompanyNet profitProfit growthReported
ACME Solar Holdings Ltd ACMESOLAR₹138 Cr13%Mar 2026
Pace Digitek Ltd PACEDIGITK₹106 Cr89%Mar 2026
K.P. Energy Ltd KPEL⚠ unverified₹79 Cr72%Mar 2026
Enviro Infra Engineers Ltd EIEL₹54 Cr-27%Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified₹42 Cr147%Mar 2026
Goel Construction Company Ltd 544504₹29 Cr32%Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified₹14 Cr180%Mar 2026
EMA India Ltd 522027₹-0 Cr—Dec 2025
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹-60 Cr—Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
₹82 Cr
₹39 Cr
₹44 Cr
₹532 Cr
₹1 Cr
₹15 Cr
₹112 Cr
₹122 Cr
₹131 Cr
₹115 Cr
₹114 Cr
₹138 Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
₹7 Cr
₹6 Cr
₹4 Cr
₹1 Cr
₹5 Cr
₹3 Cr
₹4 Cr
₹0 Cr
₹14 Cr

EMA India Ltd · 522027

—
—
—
—
—
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹7 Cr
₹-0 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
₹12 Cr
₹17 Cr
₹57 Cr
₹30 Cr
₹36 Cr
₹37 Cr
₹74 Cr
₹42 Cr
₹50 Cr
₹42 Cr
₹54 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
₹7 Cr
—
₹15 Cr
—
₹13 Cr
—
₹17 Cr
—
₹33 Cr
—
₹42 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
₹17 Cr
—
₹22 Cr
—
₹17 Cr
—
₹29 Cr

K.P. Energy Ltd · KPEL⚠ unverified

—
—
—
—
—
—
₹12 Cr
₹15 Cr
₹15 Cr
₹8 Cr
₹9 Cr
₹25 Cr
₹18 Cr
₹25 Cr
₹26 Cr
₹46 Cr
₹25 Cr
₹36 Cr
₹41 Cr
₹79 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
₹50 Cr
₹102 Cr
₹71 Cr
₹56 Cr
₹55 Cr
₹68 Cr
₹79 Cr
₹106 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
—
—
—
—
₹-291 Cr
₹-400 Cr
₹-292 Cr
₹-309 Cr
₹-307 Cr
₹-326 Cr
₹-351 Cr
₹-341 Cr
₹-362 Cr
₹-373 Cr
₹-400 Cr
₹6.3K Cr
₹-49 Cr
₹-60 Cr

Profit growth · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
-99%
-62%
155%
-77%
13,000%
667%
1.8%
13%

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-29%
-50%
0.0%
-100%
180%

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
200%
118%
30%
40%
39%
14%
-27%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
86%
—
13%
—
154%
—
147%

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
—
32%

K.P. Energy Ltd · KPEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
-25%
67%
20%
213%
189%
84%
39%
44%
58%
72%

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10%
-33%
11%
89%
04 · compare level, then change

Capacity Spending & Returns On It

ACME Solar Holdings Ltd has the highest CAPEX among the 9 Engineering - Turnkey Services companies compared here, at ₹1,749 crore. Ganesh Green Bharat Ltd is next at ₹13 crore. The same company also holds the highest CAPEX intensity, at 672.7%. 3 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ACME Solar Holdings Ltd reports ₹1,749 crore of CAPEX; ACME Solar Holdings Ltd has the highest covered intensity at 672.7%. Coverage is only 3 of 9 companies and 12 reported observations, so this is partial evidence—not a complete sector rank.

LeaderACME Solar Holdings Ltd · ₹1,749 crore
Gap135× versus #2 · Ganesh Green Bharat Ltd
Persistence4/4 recent comparable periods
Coverage3/9 companies · 12 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
1ACME Solar Holdings Ltd ACMESOLAR₹1.7K Cr
2Ganesh Green Bharat Ltd GGBL⚠ unverified₹13 Cr
3Bajel Projects Ltd BAJEL⚠ unverified₹2 Cr
CAPEX intensityhighest reinvestment intensity
1ACME Solar Holdings Ltd ACMESOLAR673%
2Ganesh Green Bharat Ltd GGBL⚠ unverified1.8%
Capital expenditure · company comparison
3/9 level · 2/9 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: Pace Digitek Ltd (PACEDIGITK) — its two data sources disagree by up to 9.1% on reported income across 8 comparable periods, so its derived ratios are withheld; Enviro Infra Engineers Ltd (EIEL) — its two data sources disagree by up to 2.9% on reported income across 11 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.

CompanyCAPEXCAPEX intensityReported
ACME Solar Holdings Ltd ACMESOLAR₹1.7K Cr673%Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified₹13 Cr1.8%Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified₹2 Cr—Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
₹251 Cr
₹118 Cr
—
—
₹808 Cr
₹1.7K Cr
—
—
—
—
—
—

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
₹0 Cr
₹2 Cr
—
—
—
—
—
—
—
—
—
—

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
₹1 Cr
—
₹10 Cr
—
₹4 Cr
—
₹29 Cr
—
₹2 Cr
—
₹13 Cr

CAPEX intensity · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
68%
37%
—
—
261%
673%
—
—
—
—
—
—

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
1.7%
—
9.0%
—
2.9%
—
16%
—
0.6%
—
1.8%
Annual capital allocation · 10-year view
9/9 capacity base · 9/9 OCF · 9/9 CAPEX · 9/9 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

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
₹9.9K Cr
₹9.1K Cr
₹7.5K Cr
₹8.8K Cr
₹9.6K Cr
₹13.7K Cr
₹20.1K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
₹69 Cr
₹98 Cr
₹115 Cr

EMA India Ltd · 522027

₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
₹8 Cr
₹8 Cr
₹10 Cr
₹18 Cr
₹48 Cr
₹70 Cr
₹369 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
₹1 Cr
₹2 Cr
₹2 Cr
₹21 Cr
₹48 Cr
₹54 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
₹35 Cr
₹37 Cr
₹55 Cr
₹66 Cr
₹81 Cr
₹103 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹68 Cr
₹93 Cr
₹93 Cr
₹131 Cr
₹143 Cr
₹146 Cr
₹145 Cr
₹175 Cr
₹420 Cr
₹542 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
₹148 Cr
₹149 Cr
₹149 Cr
₹178 Cr
₹247 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹2.8K Cr
₹3.1K Cr
₹3.3K Cr
₹3.5K Cr
₹3.5K Cr
₹3.7K Cr
₹3.7K Cr
₹3.1K Cr
₹89 Cr
₹87 Cr

Operating cash flow · fiscal-year history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
₹922 Cr
₹1.7K Cr
₹955 Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.2K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
₹9 Cr
₹195 Cr
₹69 Cr
₹21 Cr

EMA India Ltd · 522027

₹0 Cr
₹-1 Cr
₹-0 Cr
₹-1 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-1 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
₹-2 Cr
₹5 Cr
₹42 Cr
₹101 Cr
₹-102 Cr
₹-47 Cr
₹-63 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
₹-4 Cr
₹-8 Cr
₹-2 Cr
₹25 Cr
₹-29 Cr
₹21 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
₹13 Cr
₹21 Cr
₹24 Cr
₹48 Cr
₹38 Cr
₹63 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹36 Cr
₹12 Cr
₹2 Cr
₹-28 Cr
₹-6 Cr
₹26 Cr
₹28 Cr
₹33 Cr
₹162 Cr
₹123 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
₹57 Cr
₹-44 Cr
₹214 Cr
₹-176 Cr
₹-917 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹406 Cr
₹76 Cr
₹-140 Cr
₹1.5K Cr
₹203 Cr
₹-17 Cr
₹-18 Cr
₹-14 Cr
₹11 Cr
₹-8 Cr

CAPEX · reported cash flow · fiscal-year history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
₹-167 Cr
₹-1.1K Cr
₹1.8K Cr
₹1.1K Cr
₹4.4K Cr
₹6.9K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
₹42 Cr
₹37 Cr

EMA India Ltd · 522027

₹-0 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
₹1 Cr
₹4 Cr
₹10 Cr
₹36 Cr
₹31 Cr
₹324 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
₹2 Cr
₹1 Cr
₹22 Cr
₹32 Cr
₹16 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
—
₹6 Cr
₹22 Cr
₹17 Cr
₹23 Cr
₹31 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹44 Cr
₹28 Cr
₹4 Cr
₹42 Cr
₹17 Cr
₹9 Cr
₹4 Cr
₹38 Cr
₹258 Cr
₹150 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
₹7 Cr
₹5 Cr
₹35 Cr
₹81 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹273 Cr
₹356 Cr
₹293 Cr
₹316 Cr
₹9 Cr
₹219 Cr
₹71 Cr
₹-601 Cr
₹-3.0K Cr
₹3 Cr

Free cash flow · fiscal-year history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
₹1.9K Cr
₹2.0K Cr
₹-550 Cr
₹318 Cr
₹-2.8K Cr
₹-5.6K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
₹27 Cr
₹-16 Cr

EMA India Ltd · 522027

₹0 Cr
₹-1 Cr
₹-1 Cr
₹-1 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
₹4 Cr
₹38 Cr
₹91 Cr
₹-138 Cr
₹-78 Cr
₹-387 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
₹-10 Cr
₹-3 Cr
₹3 Cr
₹-61 Cr
₹5 Cr

Goel Construction Company Ltd · 544504

—
—
—
—
—
₹15 Cr
₹2 Cr
₹31 Cr
₹15 Cr
₹32 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹-8 Cr
₹-16 Cr
₹-2 Cr
₹-70 Cr
₹-23 Cr
₹17 Cr
₹24 Cr
₹-5 Cr
₹-96 Cr
₹-27 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
₹-51 Cr
₹209 Cr
₹-211 Cr
₹-998 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹133 Cr
₹-280 Cr
₹-433 Cr
₹1.2K Cr
₹194 Cr
₹-236 Cr
₹-89 Cr
₹587 Cr
₹3.0K Cr
₹-11 Cr
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

EMA India Ltd has the lowest Gross debt among the 9 Engineering - Turnkey Services companies compared here, at ₹0 crore. Goel Construction Company Ltd is next at ₹8 crore. Ganesh Green Bharat Ltd has the lowest Net debt at ₹21 crore, so level and change sit with different companies.

What the numbers say: Ganesh Green Bharat Ltd has the clearest covered balance-sheet capacity with ₹21 crore and gross debt of ₹52 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderEMA India Ltd · ₹0 crore
Gap100% versus #2 · Goel Construction Company Ltd
PersistenceNot enough history
Coverage9/9 companies · 96 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
1EMA India Ltd 522027₹0 Cr
2Goel Construction Company Ltd 544504₹8 Cr
3Ganesh Green Bharat Ltd GGBL⚠ unverified₹52 Cr
4Bajel Projects Ltd BAJEL⚠ unverified₹367 Cr
5Enviro Infra Engineers Ltd EIEL₹422 Cr
Net debtlowest net debt
1Ganesh Green Bharat Ltd GGBL⚠ unverified₹21 Cr
2Bajel Projects Ltd BAJEL⚠ unverified₹284 Cr
3K.P. Energy Ltd KPEL⚠ unverified₹447 Cr
4Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹1.5K Cr
5ACME Solar Holdings Ltd ACMESOLAR₹13.7K Cr
Debt and balance-sheet capacity · company comparison
9/9 level · 5/9 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.

CompanyGross debtNet debtReported
ACME Solar Holdings Ltd ACMESOLAR₹19.9K Cr₹13.7K CrMar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹1.5K Cr₹1.5K CrMar 2026
Pace Digitek Ltd PACEDIGITK₹981 Cr—Mar 2026
K.P. Energy Ltd KPEL⚠ unverified₹442 Cr₹447 CrMar 2026
Enviro Infra Engineers Ltd EIEL₹422 Cr—Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified₹367 Cr₹284 CrMar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified₹52 Cr₹21 CrMar 2026
Goel Construction Company Ltd 544504₹8 Cr—Mar 2026
EMA India Ltd 522027₹0 Cr—Dec 2025
Full 20-quarter history · every available company

Gross debt · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
₹7.9K Cr
—
—
—
₹9.0K Cr
₹9.0K Cr
—
—
₹8.5K Cr
₹9.7K Cr
₹10.7K Cr
₹10.7K Cr
₹11.0K Cr
₹11.0K Cr
₹13.0K Cr
₹13.0K Cr
₹19.9K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
₹1 Cr
₹4 Cr
₹4 Cr
₹4 Cr
₹15 Cr
₹15 Cr
₹185 Cr
₹185 Cr
₹376 Cr
₹140 Cr
₹113 Cr
₹113 Cr
₹367 Cr

EMA India Ltd · 522027

—
—
—
₹0 Cr
—
—
—
₹1 Cr
—
—
—
₹1 Cr
—
—
—
₹2 Cr
—
₹0 Cr
—
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
₹17 Cr
—
—
—
₹65 Cr
—
—
—
₹234 Cr
—
—
—
₹234 Cr
—
₹295 Cr
—
₹422 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
₹22 Cr
—
—
—
₹27 Cr
—
₹43 Cr
—
₹54 Cr
—
₹32 Cr
—
₹48 Cr
—
₹35 Cr
—
₹52 Cr

Goel Construction Company Ltd · 544504

—
—
—
₹35 Cr
—
—
—
₹29 Cr
—
—
—
₹31 Cr
—
—
—
₹29 Cr
—
₹24 Cr
—
₹8 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹36 Cr
₹36 Cr
₹35 Cr
₹28 Cr
₹27 Cr
₹26 Cr
₹30 Cr
₹49 Cr
₹64 Cr
₹107 Cr
₹107 Cr
₹116 Cr
₹181 Cr
₹313 Cr
₹313 Cr
₹252 Cr
₹371 Cr
₹300 Cr
₹459 Cr
₹442 Cr

Pace Digitek Ltd · PACEDIGITK

—
—
—
₹133 Cr
—
—
—
₹192 Cr
—
—
—
₹494 Cr
—
—
—
₹162 Cr
—
₹151 Cr
—
₹981 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹3.1K Cr
₹3.2K Cr
₹3.2K Cr
₹5.2K Cr
₹4.2K Cr
₹4.3K Cr
₹4.3K Cr
₹5.5K Cr
₹4.4K Cr
₹5.0K Cr
₹5.0K Cr
₹4.7K Cr
₹4.5K Cr
₹2.9K Cr
₹2.9K Cr
₹3.0K Cr
₹2.9K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr

Net debt · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
₹8.2K Cr
₹8.6K Cr
₹9.1K Cr
—
₹9.7K Cr
—
₹9.6K Cr
—
₹13.7K Cr

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
₹0 Cr
₹3 Cr
₹-57 Cr
₹-57 Cr
₹-44 Cr
₹-44 Cr
₹-12 Cr
₹-12 Cr
₹273 Cr
₹37 Cr
₹-91 Cr
₹-91 Cr
₹284 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
₹43 Cr
—
₹53 Cr
—
₹32 Cr
—
₹3 Cr
—
₹-14 Cr
—
₹21 Cr

K.P. Energy Ltd · KPEL⚠ unverified

₹26 Cr
₹8 Cr
₹20 Cr
₹14 Cr
₹11 Cr
₹15 Cr
₹16 Cr
₹65 Cr
₹49 Cr
₹89 Cr
₹89 Cr
₹153 Cr
₹155 Cr
₹237 Cr
₹237 Cr
₹322 Cr
₹326 Cr
₹400 Cr
₹400 Cr
₹447 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

₹3.1K Cr
₹3.1K Cr
₹3.1K Cr
₹4.2K Cr
₹4.2K Cr
₹4.3K Cr
₹4.3K Cr
₹4.4K Cr
₹4.4K Cr
₹5.0K Cr
₹5.0K Cr
₹4.5K Cr
₹4.5K Cr
₹2.9K Cr
₹2.9K Cr
₹2.9K Cr
₹2.9K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
06 · compare level, then change

Return On Capital Employed

K.P. Energy Ltd has the highest ROCE among the 9 Engineering - Turnkey Services companies compared here, at 39.2%. Ganesh Green Bharat Ltd is next at 35.4%. Ganesh Green Bharat Ltd has the highest ROCE change at +15.5 percentage points, so level and change sit with different companies. Its ROCE series carries 19 reported observations across the 20-quarter window.

What the numbers say: K.P. Energy Ltd leads ROCE at 39.2%, 3.8 percentage points above Ganesh Green Bharat Ltd. Ganesh Green Bharat Ltd has the strongest latest improvement at +15.5 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.

LeaderK.P. Energy Ltd · 39.2%
Gap10.7% versus #2 · Ganesh Green Bharat Ltd
Persistence6/8 recent comparable periods
Coverage9/9 companies · 57 observations

Investor read: K.P. 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
1K.P. Energy Ltd KPEL⚠ unverified39%
2Ganesh Green Bharat Ltd GGBL⚠ unverified35%
3Goel Construction Company Ltd 54450434%
4Pace Digitek Ltd PACEDIGITK21%
5Enviro Infra Engineers Ltd EIEL20%
ROCE changefastest improvers
1Ganesh Green Bharat Ltd GGBL⚠ unverified+15.5 pp
2K.P. Energy Ltd KPEL⚠ unverified+6.2 pp
3Bajel Projects Ltd BAJEL⚠ unverified+3.5 pp
4ACME Solar Holdings Ltd ACMESOLAR−0.5 pp
5Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified−3.1 pp
Return on capital · company comparison
9/9 level · 9/9 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: Pace Digitek Ltd (PACEDIGITK) — its two data sources disagree by up to 9.1% on reported income across 8 comparable periods, so its derived ratios are withheld; Enviro Infra Engineers Ltd (EIEL) — its two data sources disagree by up to 2.9% on reported income across 11 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.

CompanyROCEROCE changeReported
Ganesh Green Bharat Ltd GGBL⚠ unverified35%+15.5 ppMar 2026
K.P. Energy Ltd KPEL⚠ unverified32%+6.2 ppMar 2026
Bajel Projects Ltd BAJEL⚠ unverified10%+3.5 ppMar 2026
ACME Solar Holdings Ltd ACMESOLAR5.5%−0.5 ppMar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified-2.2%−3.1 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
7.1%
6.4%
5.5%
11%
6.0%
8.4%
7.5%
10%
5.5%

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
-2,018%
—
1.3%
0.6%
1.0%
—
0.8%
—
5.3%
12%
6.7%
12%
7.9%
12%
10%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
16%
—
38%
—
20%
—
19%
—
26%
—
35%

K.P. Energy Ltd · KPEL⚠ unverified

6.8%
8.9%
12%
15%
23%
23%
26%
32%
—
29%
33%
25%
36%
22%
40%
26%
42%
32%
43%
32%

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
1.0%
—
1.2%
—
0.4%
—
1.0%
—
1.7%
—
1.3%
—
0.8%
—
0.9%
—
-6.9%
1,589%
-2.2%

ROCE change · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−1.1 pp
+2.0 pp
+2.0 pp
−0.8 pp
−0.5 pp

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
+2,019.3 pp
—
−0.5 pp
—
+4.3 pp
—
+5.9 pp
—
+2.6 pp
+0.5 pp
+3.5 pp

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
+3.9 pp
—
−19.0 pp
—
+5.9 pp
—
+15.5 pp

K.P. Energy Ltd · KPEL⚠ unverified

—
—
—
—
+16.2 pp
+14.4 pp
+13.3 pp
+16.8 pp
—
+5.8 pp
+7.5 pp
−6.6 pp
—
−7.6 pp
+7.2 pp
+0.8 pp
+5.4 pp
+10.0 pp
+3.1 pp
+6.2 pp

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
—
—
—
−0.6 pp
—
−0.2 pp
—
+1.3 pp
—
+0.3 pp
—
−0.9 pp
—
−0.4 pp
—
−7.7 pp
—
−3.1 pp
07 · compare level, then change

Valuation Against Growth & Quality

ACME Solar Holdings Ltd has the lowest Guarded PEG among the 9 Engineering - Turnkey Services companies compared here, at 1.07×. Supreme Infrastructure India Ltd has the lowest P/E at 0.1×, so level and change sit with different companies. 1 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ACME Solar Holdings Ltd has the lowest comparable Guarded PEG at 1.07×. Only 1 of 9 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderACME Solar Holdings Ltd · 1.07×
GapNot enough peers
Persistence0/6 recent comparable periods
Coverage1/9 companies · 0 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
1ACME Solar Holdings Ltd ACMESOLAR1.1
P/Elowest P/E
1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified0.1
2Ganesh Green Bharat Ltd GGBL⚠ unverified8.7
3K.P. Energy Ltd KPEL⚠ unverified11.3
4Goel Construction Company Ltd 54450413.7
5Pace Digitek Ltd PACEDIGITK14.2
Valuation · company comparison
1/9 level · 8/9 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.

CompanyGuarded PEGP/EReported
ACME Solar Holdings Ltd ACMESOLAR1.132.5Mar 2026
Goel Construction Company Ltd 544504—9.0Mar 2026
Pace Digitek Ltd PACEDIGITK—10.6Mar 2026
Enviro Infra Engineers Ltd EIEL—11.5Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified—105.4Mar 2026
K.P. Energy Ltd KPEL⚠ unverified—11.7Mar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified—0.2Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified—11.5Mar 2026
Full 20-quarter history · every available company

No consistent historical series is available for guarded peg.

P/E · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
—
—
82.3
228.6
55.7
39.2
27.6
32.5

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
-255.5
578.8
297.8
159.7
178.2
122.6
179.0
120.6
159.9
105.4

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
40.4
28.0
21.4
21.6
17.6
11.5

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
39.4
—
25.0
—
32.1
—
11.5

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
9.3
—
9.0

K.P. Energy Ltd · KPEL⚠ unverified

12.9
17.4
24.9
18.4
9.5
16.5
13.7
9.9
17.4
25.5
29.6
50.1
47.7
50.6
45.4
26.2
29.2
22.0
17.2
11.7

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.6
10.6

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.2
—
—
08 · compare level, then change

Enterprise Value & Book Value

Goel Construction Company Ltd has the lowest EV/EBITDA among the 9 Engineering - Turnkey Services companies compared here, at 4.4×. Enviro Infra Engineers Ltd is next at 6.9×. Pace Digitek Ltd has the lowest P/BV at 1.91×, so level and change sit with different companies. 8 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Goel Construction Company Ltd leads ev/ebitda at 4.4×; Pace Digitek Ltd leads p/bv at 1.91×.

LeaderGoel Construction Company Ltd · 4.4×
Gap36.2% versus #2 · Enviro Infra Engineers Ltd
Persistence0/1 recent comparable periods
Coverage8/9 companies · 53 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
1Goel Construction Company Ltd 5445044.4
2Enviro Infra Engineers Ltd EIEL6.9
3Ganesh Green Bharat Ltd GGBL⚠ unverified7.1
4K.P. Energy Ltd KPEL⚠ unverified7.3
5Pace Digitek Ltd PACEDIGITK7.6
P/BVlowest P/BV
1Pace Digitek Ltd PACEDIGITK1.9
2Ganesh Green Bharat Ltd GGBL⚠ unverified2.3
3Goel Construction Company Ltd 5445042.5
4Bajel Projects Ltd BAJEL⚠ unverified2.8
5Enviro Infra Engineers Ltd EIEL3.1
Enterprise and book valuation · company comparison
8/9 level · 9/9 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.

CompanyEV/EBITDAP/BVReported
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified369.71.7Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified14.52.4Mar 2026
ACME Solar Holdings Ltd ACMESOLAR12.23.4Mar 2026
Pace Digitek Ltd PACEDIGITK7.62.4Mar 2026
K.P. Energy Ltd KPEL⚠ unverified7.34.6Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified7.12.4Mar 2026
Enviro Infra Engineers Ltd EIEL6.92.1Mar 2026
Goel Construction Company Ltd 5445044.41.8Mar 2026
EMA India Ltd 522027—8.6Dec 2025
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
—
—
21.6
18.2
15.9
14.8
12.3
12.2

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
59.0
242.5
175.3
79.6
74.8
34.9
31.9
23.1
19.4
14.5

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
33.4
23.6
14.8
13.1
11.1
6.9

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
30.2
—
17.2
—
18.8
—
7.1

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.6
—
4.4

K.P. Energy Ltd · KPEL⚠ unverified

5.3
6.7
10.4
8.5
5.1
9.2
7.7
5.7
10.2
15.9
18.4
29.9
28.7
29.3
27.8
16.7
17.7
13.5
10.6
7.3

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10.3
7.6

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

—
—
630.9
626.1
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
369.7

P/BV · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

—
—
—
—
—
—
—
—
—
—
—
—
—
—
7.3
5.9
3.3
3.6
2.9
3.4

Bajel Projects Ltd · BAJEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
2.7
4.4
6.1
5.4
5.4
2.8
4.2
3.5
2.9
2.4

EMA India Ltd · 522027

1.4
3.7
26.7
34.9
5.3
-36.7
-7.5
-47.5
-37.7
-3.3
-2.3
-3.4
-6.9
-2.9
-10.2
-9.4
-9.0
-13.7
8.6
—

Enviro Infra Engineers Ltd · EIEL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10.9
4.2
4.4
3.2
2.1

Ganesh Green Bharat Ltd · GGBL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
5.5
—
4.1
—
4.7
—
2.4

Goel Construction Company Ltd · 544504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.8

K.P. Energy Ltd · KPEL⚠ unverified

1.3
1.7
3.3
3.6
2.6
4.3
3.8
3.9
8.7
14.4
9.9
15.9
18.2
20.3
14.6
10.3
18.1
8.6
6.1
4.6

Pace Digitek Ltd · PACEDIGITK

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.4

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
2.5
1.7
09 · let price answer last

Market action

EMA India Ltd has the strongest one-year price move in Engineering - Turnkey Services at +359.6%. It also leads on Mansfield relative strength against NIFTY at +66.3%. 3 of 7 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 Engineering - Turnkey Services comparison names 7 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

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.
  • 4 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.
  • 2 companies are 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: Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 9 companies in the canonical Engineering - Turnkey Services 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.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
ACME Solar Holdings Ltd ACMESOLARAHEAD23/26 WEEKS₹25.9K Cr₹3662026-07-19Mar 2026Cross-checked
Pace Digitek Ltd PACEDIGITKAHEAD₹4.2K Cr₹1952026-07-19Mar 2026Second feed withheld
Enviro Infra Engineers Ltd EIELAHEAD₹3.9K Cr₹2202026-07-19Mar 2026Second feed withheld
Bajel Projects Ltd BAJELLAGGING, FUNDAMENTALS UP⚠ unverified₹2.1K Cr₹1792026-07-19Mar 2026Includes unverified figures
K.P. Energy Ltd KPELLAGGING, FUNDAMENTALS UP⚠ unverified₹2.1K Cr₹3032026-07-19Mar 2026Includes unverified figures
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹805 Cr₹82.52026-07-19Mar 2026Includes unverified figures
Ganesh Green Bharat Ltd GGBLLAGGING, FUNDAMENTALS UP⚠ unverified₹652 Cr₹2632026-07-19Mar 2026Includes unverified figures
Goel Construction Company Ltd 544504AHEAD21/26 WEEKS₹636 Cr₹4402026-07-19Mar 2026Primary source only
EMA India Ltd 522027₹43 Cr₹4212026-03-29 · not currently pricedDec 2025Primary source only
How each company's sources stand: 4 of 9 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. 2 of 9 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Pace Digitek Ltd (PACEDIGITK) — its two data sources disagree by up to 9.1% on reported income across 8 comparable periods, so its derived ratios are withheld; Enviro Infra Engineers Ltd (EIEL) — its two data sources disagree by up to 2.9% on reported income across 11 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 9 Engineering - Turnkey Services companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 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 standing1 cross-checked · 6 unverified · 2 withheld, of 9 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

Engineering - Turnkey Services company comparison FAQs

These 18 answers restate the Engineering - Turnkey Services comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Mar 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 Engineering - Turnkey Services index?

The Nifty Engineering - Turnkey Services index tracks India's listed Engineering - Turnkey Services companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Engineering - Turnkey Services sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Engineering - Turnkey Services stocks in India?

Ranked by this page's four-factor score, ACME Solar Holdings Ltd places first among 9 listed Engineering - Turnkey Services companies, followed by K.P. Energy 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 Engineering - Turnkey Services stocks are listed in India?

This comparison covers 9 listed Engineering - Turnkey Services 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 Engineering - Turnkey Services company is the biggest?

Bajel Projects Ltd is the largest, with trailing-twelve-month revenue of ₹2,792 crore, ahead of Pace Digitek Ltd at ₹2,641 crore. That covers 7 of 9 companies with comparable reporting through Mar 2026.

Which Engineering - Turnkey Services company is growing fastest?

K.P. Energy Ltd has the fastest revenue growth at 59.4% year on year, across 6 of 9 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 Engineering - Turnkey Services company has the best profit margins?

ACME Solar Holdings Ltd has the highest operating margin at 87%, from 8 of 9 comparable companies. Supreme Infrastructure India Ltd shows the biggest recent improvement, at +36 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Engineering - Turnkey Services company makes the most profit?

Supreme Infrastructure India Ltd earns the most, at ₹5,797 crore of trailing-twelve-month net profit, from 7 of 9 comparable companies. ACME Solar Holdings Ltd has the fastest profit growth at 99.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Engineering - Turnkey Services company earns the highest return on capital?

K.P. Energy Ltd leads on return on capital employed at 39.2%, across 9 of 9 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 Engineering - Turnkey Services stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — ACME Solar Holdings Ltd screens cheapest at 1.07×. Only 1 of 9 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 Engineering - Turnkey Services company has the strongest balance sheet?

EMA India Ltd carries the lowest comparable gross debt at ₹0 crore, from 9 of 9 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 Engineering - Turnkey Services stock has the strongest price momentum?

EMA 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 Engineering - Turnkey Services company scores highest for research priority?

ACME Solar Holdings Ltd scores 63.9 out of 100 with 93% evidence confidence, from 23.6 points on growth and earnings, 9.7 on capital efficiency, 12.1 on valuation and 18.5 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 Engineering - Turnkey Services companies does this comparison cover, and over what period?

It compares 9 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 Engineering - Turnkey Services sector?

The 9 Engineering - Turnkey Services companies on this page carry ₹40,198 crore of combined market value. ACME Solar Holdings Ltd is the largest at ₹25,861 crore, about 64% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Engineering - Turnkey Services sector's P/E ratio?

The median price-to-earnings ratio across the 9 Engineering - Turnkey Services companies on this page is 14.2×, measured on the 8 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 Engineering - Turnkey Services sector performing?

3 of the 7 covered Engineering - Turnkey Services 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.

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