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

EPC Stocks in India

EPC: Dilip Buildcon Ltd owns the largest revenue base; Viviana Power Tech Ltd has the fastest current growth.

Nifty EPC Index — Constituents & Performance

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

The line below covers 5.1 years. Over the most recent two of them this sector is 7% behind NIFTY 500. Earnings across its companies grew 40% on average over the last four reported quarters.

ASLEEP · 1y −8.9%✓Moving with the index1 of 6 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 0/5 >200d (−2) · 1/6 lead (−3) · EPS 5/6↑

200500202620252024202320222021 781336 TRAILING 12-MONTH EPS · 100 AT THE START0100158Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 24.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 30.5% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 57.0% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 158, against 100 at the start · up 46.9% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 137, against 100 at the start · up 69.1% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 130, against 100 at the start · up 35.9% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 26.5% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 20.9% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 40.2% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 51.2% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 48.6% on a year ago · 5 reportingJun 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two136 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500202620252024202320222021 781336 TRAILING 12-MONTH EPS · 100 AT THE START0100158Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 24.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 30.5% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 57.0% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 158, against 100 at the start · up 46.9% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 137, against 100 at the start · up 69.1% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 130, against 100 at the start · up 35.9% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 26.5% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 20.9% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 40.2% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 51.2% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 48.6% on a year ago · 5 reportingJun 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the EPC filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
EPC, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together1 of 6 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +19 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/2−1
Mid 0/2−1
Small 1/2−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 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 EPC outperforming NIFTY 500?

The 52-week comparison of EPC against NIFTY 500 is not available from the current market series. 1 of 6 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Advait Energy Transitions Limited is the strongest against the sector itself at +23.4%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
1/6Stocks leading NIFTY 500
2/6Stocks leading sector

Sector metric: 6.9 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. 1 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Dilip Buildcon Ltd leads with revenue of ₹8,984 crore, based on 6 of 6 comparable companies through Mar 2026. Viviana Power Tech Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

Is the EPC sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 1 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which EPC company is largest by revenue?

Dilip Buildcon Ltd leads with revenue of ₹8,984 crore, based on 6 of 6 comparable companies through Mar 2026.

Which EPC company is growing fastest?

Viviana Power Tech Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

Which EPC company has the strongest 4-Factor Sector Score?

Advait Energy Transitions Limited ranks first at 71.8/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which EPC company reports the most CAPEX?

Transrail Lighting Ltd reports the largest latest CAPEX at ₹20 crore, with 3 of 6 companies comparable.

Which EPC company has the least gross debt?

Ahluwalia Contracts (India) Ltd has the lowest comparable gross debt at ₹73 crore. Dilip Buildcon Ltd has the highest at ₹8,041 crore.

Which EPC company has the lowest comparable PEG?

Ahluwalia Contracts (India) Ltd has the lowest comparable Guarded PEG at 0.33, among 4 of 6 companies that pass the metric’s comparability rules.

How much history does this EPC 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
6
complete canonical membership
Combined market value
₹25.7K Cr
Dilip Buildcon Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
1/6
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%
Advait Energy Transitions Limited has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
J Kumar Infraprojects Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

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. Advait Energy Transitions Limited · ADVAIT

71.8/100 · Favorable setup · 100% evidence

Exact sum: 32.1 + 15 + 6.4 + 18.3 = 71.8

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

32.1/35Growth & earnings

Revenue 79.8% · PAT 71.9% · OPM change 3 pp

100% evidence

15.0/25Capital efficiency

ROCE 27.9% · debt/equity 0.34×

100% evidence

6.4/20Valuation

P/E 47.7× · PEG 2.4

100% evidence

18.3/20Relative strength

RS sector 23.4% · RS bench 13.1% · 1Y -0.4%

100% evidence

2. Ahluwalia Contracts (India) Ltd · AHLUCONT

58.0/100 · Mixed-positive evidence · 94% evidence

Exact sum: 19.7 + 16.1 + 15.3 + 6.9 = 58

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

19.7/35Growth & earnings

Revenue 11.4% · PAT 31.7% · OPM change -1 pp

100% evidence

16.1/25Capital efficiency

ROCE 20.4% · debt/equity 0.04×

100% evidence

15.3/20Valuation

P/E 20.9× · PEG 0.33

100% evidence

6.9/20Relative strength

RS sector -12.8% · RS bench -4.4% · 1Y -21.6%

70% evidence

3. Viviana Power Tech Ltd · VIVIANA

56.9/100 · Mixed-positive evidence · 74% evidence

Exact sum: 20.4 + 14.6 + 10.3 + 11.6 = 56.9

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

20.4/35Growth & earnings

Revenue 100% · PAT 100% · OPM change -1 pp

95% evidence

14.6/25Capital efficiency

ROCE 49% · debt/equity 0.86×

95% evidence

10.3/20Valuation

P/E 13.4× · PEG —

15% evidence

11.6/20Relative strength

RS sector 1.3% · RS bench -10.5% · 1Y -3.3%

70% evidence

4. Transrail Lighting Ltd · TRANSRAILL

49.9/100 · Mixed-negative evidence · 84% evidence

Exact sum: 17.8 + 18.1 + 8.7 + 5.3 = 49.9

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

17.8/35Growth & earnings

Revenue 29.6% · PAT 23.2% · OPM change -1 pp

95% evidence

18.1/25Capital efficiency

ROCE 29.2% · debt/equity 0.3×

95% evidence

8.7/20Valuation

P/E 15.6× · PEG 1.9

65% evidence

5.3/20Relative strength

RS sector -8.9% · RS bench -17.6% · 1Y -35.7%

70% evidence

5. J Kumar Infraprojects Ltd · JKIL

41.8/100 · Mixed-negative evidence · 94% evidence

Exact sum: 9 + 14.2 + 15 + 3.6 = 41.8

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

9.0/35Growth & earnings

Revenue 0.5% · PAT -1% · OPM change 0 pp

100% evidence

14.2/25Capital efficiency

ROCE 18.4% · debt/equity 0.18×

100% evidence

15.0/20Valuation

P/E 9.3× · PEG 1.47

100% evidence

3.6/20Relative strength

RS sector -16.8% · RS bench -12.4% · 1Y -31.9%

70% evidence

6. Dilip Buildcon Ltd · DBL

37.8/100 · Mixed-negative evidence · 70% evidence

Exact sum: 10.7 + 8 + 10.9 + 8.2 = 37.8

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

10.7/35Growth & earnings

Revenue -20.6% · PAT 66.2% · OPM change -4 pp

95% evidence

8.0/25Capital efficiency

ROCE 13.3% · debt/equity 1.18×

80% evidence

10.9/20Valuation

P/E 11.2× · PEG —

15% evidence

8.2/20Relative strength

RS sector -3.8% · RS bench -11.9% · 1Y -16.1%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Dilip Buildcon Ltd has the highest Revenue among the 6 EPC companies compared here, at ₹8,984 crore. Transrail Lighting Ltd is next at ₹6,880 crore. Viviana Power Tech Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Dilip Buildcon Ltd is the scale leader at ₹8,984 crore, 30.6% ahead of Transrail Lighting Ltd. Viviana Power Tech Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 160.8% from a ₹682 crore base, with 12 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderDilip Buildcon Ltd · ₹8,984 crore
Gap30.6% versus #2 · Transrail Lighting Ltd
Persistence1/8 recent comparable periods
Coverage6/6 companies · 98 observations

Investor read: Dilip Buildcon Ltd is the scale benchmark; Viviana Power Tech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Dilip Buildcon Ltd's growth falls below Viviana Power Tech 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
1Dilip Buildcon Ltd DBL₹9.0K Cr
2Transrail Lighting Ltd TRANSRAILL₹6.9K Cr
3J Kumar Infraprojects Ltd JKIL₹5.7K Cr
4Ahluwalia Contracts (India) Ltd AHLUCONT₹4.6K Cr
5Advait Energy Transitions Limited ADVAIT₹714 Cr
Revenue growthfastest growers
1Viviana Power Tech Ltd VIVIANA⚠ unverified100%
2Advait Energy Transitions Limited ADVAIT80%
3Transrail Lighting Ltd TRANSRAILL30%
4Ahluwalia Contracts (India) Ltd AHLUCONT11%
5J Kumar Infraprojects Ltd JKIL0.5%
Revenue · company comparison
6/6 level · 6/6 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
Dilip Buildcon Ltd DBL₹2.3K Cr-26%Mar 2026
Transrail Lighting Ltd TRANSRAILL₹1.9K Cr-4.3%Mar 2026
J Kumar Infraprojects Ltd JKIL₹1.6K Cr-2.9%Mar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT₹1.3K Cr8.7%Mar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified₹441 Cr158%Mar 2026
Advait Energy Transitions Limited ADVAIT₹228 Cr18%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Advait Energy Transitions Limited · ADVAIT

₹17 Cr
₹17 Cr
₹22 Cr
₹22 Cr
₹19 Cr
₹19 Cr
₹26 Cr
₹41 Cr
₹27 Cr
₹49 Cr
₹73 Cr
₹60 Cr
₹60 Cr
₹46 Cr
₹98 Cr
₹193 Cr
₹118 Cr
₹157 Cr
₹211 Cr
₹228 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹580 Cr
₹698 Cr
₹684 Cr
₹731 Cr
₹609 Cr
₹623 Cr
₹743 Cr
₹863 Cr
₹764 Cr
₹902 Cr
₹1.0K Cr
₹1.2K Cr
₹919 Cr
₹1.0K Cr
₹952 Cr
₹1.2K Cr
₹1.0K Cr
₹1.2K Cr
₹1.1K Cr
₹1.3K Cr

Dilip Buildcon Ltd · DBL

—
—
—
—
—
—
₹2.3K Cr
₹2.8K Cr
₹2.9K Cr
₹2.8K Cr
₹2.9K Cr
₹3.4K Cr
₹3.1K Cr
₹2.5K Cr
₹2.6K Cr
₹3.1K Cr
₹2.6K Cr
₹1.9K Cr
₹2.1K Cr
₹2.3K Cr

J Kumar Infraprojects Ltd · JKIL

₹675 Cr
₹772 Cr
₹966 Cr
₹1.1K Cr
₹994 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.4K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
₹877 Cr
₹977 Cr
₹852 Cr
₹1.4K Cr
₹916 Cr
₹1.1K Cr
₹1.4K Cr
₹1.9K Cr
₹1.7K Cr
₹1.6K Cr
₹1.8K Cr
₹1.9K Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
₹19 Cr
—
—
—
₹17 Cr
—
—
₹14 Cr
₹42 Cr
₹6 Cr
₹48 Cr
₹36 Cr
₹171 Cr
₹32 Cr
₹91 Cr
₹118 Cr
₹441 Cr

Revenue growth · reported quarter history

Advait Energy Transitions Limited · ADVAIT

—
—
—
—
12%
12%
18%
86%
42%
158%
181%
46%
122%
-6.1%
34%
222%
97%
241%
115%
18%

Ahluwalia Contracts (India) Ltd · AHLUCONT

—
—
—
—
5.0%
-11%
8.6%
18%
25%
45%
38%
35%
20%
12%
-7.2%
4.5%
9.4%
16%
11%
8.7%

Dilip Buildcon Ltd · DBL

—
—
—
—
—
—
—
—
—
—
24%
18%
7.3%
-12%
-10.0%
-8.0%
-16%
-23%
-17%
-26%

J Kumar Infraprojects Ltd · JKIL

—
—
—
—
47%
31%
9.9%
1.8%
14%
9.0%
15%
26%
13%
17%
22%
15%
16%
4.0%
-12%
-2.9%

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
4.5%
11%
59%
40%
81%
43%
32%
-4.3%

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
-11%
—
—
—
147%
—
—
156%
307%
409%
90%
226%
158%
02 · compare level, then change

Operating Economics & Margin Trend

Dilip Buildcon Ltd has the highest OPM among the 6 EPC companies compared here, at 17%. J Kumar Infraprojects Ltd is next at 14%. Advait Energy Transitions Limited has the highest Margin change at +3 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Dilip Buildcon Ltd leads opm at 17%; Advait Energy Transitions Limited leads margin change at +3 percentage points.

LeaderDilip Buildcon Ltd · 17%
Gap21.4% versus #2 · J Kumar Infraprojects Ltd
Persistence6/8 recent comparable periods
Coverage6/6 companies · 105 observations

Investor read: Dilip Buildcon 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
1Dilip Buildcon Ltd DBL17%
2J Kumar Infraprojects Ltd JKIL14%
3Advait Energy Transitions Limited ADVAIT13%
4Viviana Power Tech Ltd VIVIANA⚠ unverified13%
5Transrail Lighting Ltd TRANSRAILL11%
Margin changefastest expanders
1Advait Energy Transitions Limited ADVAIT+3.0 pp
2J Kumar Infraprojects Ltd JKIL0.0 pp
3Ahluwalia Contracts (India) Ltd AHLUCONT−1.0 pp
4Transrail Lighting Ltd TRANSRAILL−1.0 pp
5Viviana Power Tech Ltd VIVIANA⚠ unverified−1.0 pp
Operating margin · company comparison
6/6 level · 6/6 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
Dilip Buildcon Ltd DBL17%−4.0 ppMar 2026
J Kumar Infraprojects Ltd JKIL14%0.0 ppMar 2026
Advait Energy Transitions Limited ADVAIT13%+3.0 ppMar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified13%−1.0 ppMar 2026
Transrail Lighting Ltd TRANSRAILL11%−1.0 ppMar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT9.0%−1.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Advait Energy Transitions Limited · ADVAIT

13%
15%
11%
12%
9.8%
13%
20%
15%
13%
18%
17%
19%
13%
18%
16%
10%
12%
11%
11%
13%

Ahluwalia Contracts (India) Ltd · AHLUCONT

10%
9.1%
10%
8.7%
9.9%
9.9%
10%
13%
11%
10%
11%
9.0%
7.0%
7.0%
9.0%
10%
9.0%
11%
9.0%
9.0%

Dilip Buildcon Ltd · DBL

19%
2.4%
2.0%
8.2%
9.6%
14%
7.0%
6.0%
13%
12%
12%
10%
15%
21%
18%
21%
20%
24%
18%
17%

J Kumar Infraprojects Ltd · JKIL

14%
14%
14%
14%
14%
14%
14%
14%
14%
14%
15%
14%
14%
15%
15%
14%
15%
14%
14%
14%

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
11%
12%
10%
12%
13%
13%
13%
12%
12%
12%
13%
11%

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
12%
—
15%
—
—
—
16%
—
—
19%
17%
21%
16%
16%
14%
20%
20%
12%
13%

Margin change · reported quarter history

Advait Energy Transitions Limited · ADVAIT

—
+8.4 pp
—
+4.7 pp
−2.9 pp
−2.7 pp
+9.4 pp
+3.1 pp
+3.2 pp
+5.5 pp
−3.0 pp
+4.0 pp
0.0 pp
0.0 pp
−1.0 pp
−9.0 pp
−1.0 pp
−7.0 pp
−5.0 pp
+3.0 pp

Ahluwalia Contracts (India) Ltd · AHLUCONT

+3.0 pp
+1.2 pp
+4.3 pp
−0.5 pp
−0.5 pp
+0.9 pp
−0.2 pp
+4.3 pp
+1.1 pp
+0.1 pp
+1.0 pp
−4.0 pp
−4.0 pp
−3.0 pp
−2.0 pp
+1.0 pp
+2.0 pp
+4.0 pp
0.0 pp
−1.0 pp

Dilip Buildcon Ltd · DBL

−3.3 pp
−18.3 pp
−20.9 pp
−10.4 pp
−9.1 pp
+11.2 pp
+5.0 pp
−2.2 pp
+3.4 pp
−1.6 pp
+5.0 pp
+4.0 pp
+2.0 pp
+9.0 pp
+6.0 pp
+11.0 pp
+5.0 pp
+3.0 pp
0.0 pp
−4.0 pp

J Kumar Infraprojects Ltd · JKIL

+4.4 pp
+1.0 pp
+0.2 pp
+3.8 pp
−0.2 pp
+0.1 pp
−0.1 pp
−0.3 pp
−0.1 pp
−0.4 pp
+0.7 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
0.0 pp

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
+2.5 pp
+1.0 pp
+2.8 pp
0.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−1.0 pp

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
+1.0 pp
—
—
—
+1.0 pp
—
—
−2.6 pp
−3.0 pp
−0.2 pp
+4.0 pp
−4.5 pp
−1.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Dilip Buildcon Ltd has the highest Net profit among the 6 EPC companies compared here, at ₹1,398 crore. Transrail Lighting Ltd is next at ₹403 crore. Viviana Power Tech Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Dilip Buildcon Ltd leads with ₹1,398 crore of TTM profit, 246.9% above Transrail Lighting Ltd. Viviana Power Tech Ltd shows ≥100% on the scoring scale (180.4% uncapped) growth from a ₹64 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderDilip Buildcon Ltd · ₹1,398 crore
Gap246.9% versus #2 · Transrail Lighting Ltd
Persistence6/8 recent comparable periods
Coverage6/6 companies · 98 observations

Investor read: Dilip Buildcon 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
1Dilip Buildcon Ltd DBL₹1.4K Cr
2Transrail Lighting Ltd TRANSRAILL₹403 Cr
3J Kumar Infraprojects Ltd JKIL₹387 Cr
4Ahluwalia Contracts (India) Ltd AHLUCONT₹266 Cr
5Viviana Power Tech Ltd VIVIANA⚠ unverified₹64 Cr
Profit growthfastest growers
1Viviana Power Tech Ltd VIVIANA⚠ unverified100%
2Advait Energy Transitions Limited ADVAIT72%
3Dilip Buildcon Ltd DBL66%
4Ahluwalia Contracts (India) Ltd AHLUCONT32%
5Transrail Lighting Ltd TRANSRAILL23%
Net profit · company comparison
6/6 level · 6/6 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
Dilip Buildcon Ltd DBL₹124 Cr-55%Mar 2026
J Kumar Infraprojects Ltd JKIL₹110 Cr-3.5%Mar 2026
Transrail Lighting Ltd TRANSRAILL₹96 Cr-24%Mar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT₹82 Cr-1.2%Mar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified₹44 Cr193%Mar 2026
Advait Energy Transitions Limited ADVAIT₹19 Cr46%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Advait Energy Transitions Limited · ADVAIT

₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹3 Cr
₹4 Cr
₹1 Cr
₹6 Cr
₹8 Cr
₹7 Cr
₹5 Cr
₹4 Cr
₹10 Cr
₹13 Cr
₹9 Cr
₹10 Cr
₹17 Cr
₹19 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹35 Cr
₹36 Cr
₹42 Cr
₹42 Cr
₹38 Cr
₹39 Cr
₹45 Cr
₹72 Cr
₹50 Cr
₹55 Cr
₹71 Cr
₹200 Cr
₹31 Cr
₹38 Cr
₹50 Cr
₹83 Cr
₹51 Cr
₹79 Cr
₹54 Cr
₹82 Cr

Dilip Buildcon Ltd · DBL

—
—
—
—
—
—
₹110 Cr
₹-70 Cr
₹12 Cr
₹73 Cr
₹113 Cr
₹3 Cr
₹140 Cr
₹266 Cr
₹158 Cr
₹277 Cr
₹271 Cr
₹214 Cr
₹789 Cr
₹124 Cr

J Kumar Infraprojects Ltd · JKIL

₹32 Cr
₹41 Cr
₹59 Cr
₹74 Cr
₹62 Cr
₹68 Cr
₹71 Cr
₹74 Cr
₹73 Cr
₹73 Cr
₹83 Cr
₹102 Cr
₹87 Cr
₹90 Cr
₹100 Cr
₹114 Cr
₹103 Cr
₹91 Cr
₹83 Cr
₹110 Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
₹39 Cr
₹46 Cr
₹49 Cr
₹100 Cr
₹52 Cr
₹55 Cr
₹93 Cr
₹127 Cr
₹106 Cr
₹91 Cr
₹110 Cr
₹96 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
₹2 Cr
—
—
—
₹2 Cr
—
—
₹1 Cr
₹4 Cr
₹0 Cr
₹4 Cr
₹3 Cr
₹15 Cr
₹3 Cr
₹9 Cr
₹8 Cr
₹44 Cr

Profit growth · reported quarter history

Advait Energy Transitions Limited · ADVAIT

—
—
—
—
0.0%
0.0%
200%
300%
0.0%
500%
167%
75%
400%
-33%
25%
86%
80%
150%
70%
46%

Ahluwalia Contracts (India) Ltd · AHLUCONT

—
—
—
—
8.6%
8.3%
7.1%
71%
32%
41%
58%
178%
-38%
-31%
-30%
-59%
65%
108%
8.0%
-1.2%

Dilip Buildcon Ltd · DBL

—
—
—
—
—
—
—
—
—
—
2.7%
—
1,067%
264%
40%
9,133%
94%
-20%
399%
-55%

J Kumar Infraprojects Ltd · JKIL

—
—
—
—
94%
66%
20%
0.0%
18%
7.4%
17%
38%
19%
23%
20%
12%
18%
1.1%
-17%
-3.5%

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
33%
20%
90%
27%
104%
65%
18%
-24%

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
0.0%
—
—
—
100%
—
—
136%
275%
627%
125%
130%
193%
04 · compare level, then change

Capacity Spending & Returns On It

Transrail Lighting Ltd has the highest CAPEX among the 6 EPC companies compared here, at ₹20 crore. Advait Energy Transitions Limited is next at ₹2 crore. Advait Energy Transitions Limited has the highest CAPEX intensity at 10.5%, so level and change sit with different companies. 3 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Transrail Lighting Ltd reports ₹20 crore of CAPEX; Advait Energy Transitions Limited has the highest covered intensity at 10.5%. Coverage is only 3 of 6 companies and 17 reported observations, so this is partial evidence—not a complete sector rank.

LeaderTransrail Lighting Ltd · ₹20 crore
Gap10× versus #2 · Advait Energy Transitions Limited
Persistence4/4 recent comparable periods
Coverage3/6 companies · 17 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
1Transrail Lighting Ltd TRANSRAILL₹20 Cr
2Advait Energy Transitions Limited ADVAIT₹2 Cr
3Viviana Power Tech Ltd VIVIANA⚠ unverified₹1 Cr
CAPEX intensityhighest reinvestment intensity
1Advait Energy Transitions Limited ADVAIT11%
2Transrail Lighting Ltd TRANSRAILL1.8%
3Viviana Power Tech Ltd VIVIANA⚠ unverified0.2%
Capital expenditure · company comparison
3/6 level · 3/6 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: Dilip Buildcon Ltd (DBL) — its two data sources disagree by up to 61% on reported income across 14 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
Transrail Lighting Ltd TRANSRAILL₹20 Cr1.8%Mar 2026
Advait Energy Transitions Limited ADVAIT₹2 Cr11%Mar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified₹1 Cr0.2%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Advait Energy Transitions Limited · ADVAIT

₹1 Cr
₹1 Cr
—
₹6 Cr
₹2 Cr
₹2 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
₹5 Cr
₹6 Cr
—
—
₹23 Cr
₹20 Cr
—
—
—
—
—
—

Viviana Power Tech Ltd · VIVIANA⚠ unverified

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

CAPEX intensity · reported quarter history

Advait Energy Transitions Limited · ADVAIT

5.9%
5.9%
—
27%
11%
11%
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
0.6%
0.6%
—
—
2.5%
1.8%
—
—
—
—
—
—

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
0.0%
—
—
—
—
—
—
—
—
0.0%
0.0%
0.8%
0.2%
Annual capital allocation · 10-year view
6/6 capacity base · 6/6 OCF · 6/6 CAPEX · 6/6 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

Advait Energy Transitions Limited · ADVAIT

₹2 Cr
₹2 Cr
₹19 Cr
₹18 Cr
₹15 Cr
₹28 Cr
₹36 Cr
₹43 Cr
₹52 Cr
₹144 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹199 Cr
₹190 Cr
₹191 Cr
₹226 Cr
₹235 Cr
₹228 Cr
₹294 Cr
₹344 Cr
₹468 Cr
₹640 Cr

Dilip Buildcon Ltd · DBL

₹2.4K Cr
₹3.7K Cr
₹5.8K Cr
₹5.7K Cr
₹6.6K Cr
₹5.2K Cr
₹4.2K Cr
₹4.4K Cr
₹5.1K Cr
₹4.8K Cr

J Kumar Infraprojects Ltd · JKIL

₹582 Cr
—
—
—
—
—
₹1.0K Cr
₹1.1K Cr
₹1.3K Cr
₹1.6K Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
₹332 Cr
₹321 Cr
₹351 Cr
₹383 Cr
₹380 Cr
₹437 Cr
₹665 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
₹1 Cr
₹1 Cr
₹5 Cr
₹3 Cr

Operating cash flow · fiscal-year history

Advait Energy Transitions Limited · ADVAIT

₹0 Cr
₹0 Cr
₹3 Cr
₹1 Cr
₹0 Cr
₹12 Cr
₹13 Cr
₹-9 Cr
₹46 Cr
₹-10 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹126 Cr
₹81 Cr
₹86 Cr
₹110 Cr
₹259 Cr
₹66 Cr
₹301 Cr
₹257 Cr
₹359 Cr
₹281 Cr

Dilip Buildcon Ltd · DBL

₹614 Cr
₹1.3K Cr
₹1.2K Cr
₹44 Cr
₹1.1K Cr
₹1.6K Cr
₹2.8K Cr
₹1.1K Cr
₹131 Cr
₹1.2K Cr

J Kumar Infraprojects Ltd · JKIL

₹268 Cr
—
—
—
—
₹381 Cr
₹220 Cr
₹339 Cr
₹376 Cr
₹1.1K Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
₹188 Cr
₹65 Cr
₹46 Cr
₹143 Cr
₹35 Cr
₹287 Cr
₹643 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
₹0 Cr
₹-11 Cr
₹-3 Cr
₹-14 Cr
₹-4 Cr

CAPEX · reported cash flow · fiscal-year history

Advait Energy Transitions Limited · ADVAIT

₹1 Cr
₹0 Cr
₹17 Cr
₹1 Cr
₹-1 Cr
₹15 Cr
₹12 Cr
₹10 Cr
₹12 Cr
₹96 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹20 Cr
₹17 Cr
₹29 Cr
₹67 Cr
₹39 Cr
₹27 Cr
₹105 Cr
₹117 Cr
₹191 Cr
₹270 Cr

Dilip Buildcon Ltd · DBL

₹1.0K Cr
₹1.5K Cr
₹2.5K Cr
₹451 Cr
₹1.3K Cr
₹-1.0K Cr
₹-589 Cr
₹555 Cr
₹1.1K Cr
₹-35 Cr

J Kumar Infraprojects Ltd · JKIL

₹140 Cr
—
—
—
—
—
—
₹218 Cr
₹369 Cr
₹479 Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
₹23 Cr
₹67 Cr
₹78 Cr
₹47 Cr
₹113 Cr
₹294 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
₹0 Cr
₹4 Cr
₹-1 Cr

Free cash flow · fiscal-year history

Advait Energy Transitions Limited · ADVAIT

₹-1 Cr
₹0 Cr
₹-14 Cr
₹0 Cr
₹1 Cr
₹-3 Cr
₹1 Cr
₹-19 Cr
₹34 Cr
₹-106 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹106 Cr
₹64 Cr
₹57 Cr
₹43 Cr
₹220 Cr
₹39 Cr
₹196 Cr
₹140 Cr
₹168 Cr
₹11 Cr

Dilip Buildcon Ltd · DBL

₹-403 Cr
₹-233 Cr
₹-1.3K Cr
₹-407 Cr
₹-236 Cr
₹2.7K Cr
₹3.4K Cr
₹525 Cr
₹-968 Cr
₹1.2K Cr

J Kumar Infraprojects Ltd · JKIL

₹128 Cr
—
—
—
—
—
—
₹121 Cr
₹7 Cr
₹649 Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
₹42 Cr
₹-21 Cr
₹65 Cr
₹-12 Cr
₹174 Cr
₹349 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
₹-3 Cr
₹-18 Cr
₹-3 Cr
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Ahluwalia Contracts (India) Ltd has the lowest Gross debt among the 6 EPC companies compared here, at ₹73 crore. Advait Energy Transitions Limited is next at ₹95 crore. The same company also holds the lowest Net debt, at ₹744 crore net cash. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ahluwalia Contracts (India) Ltd has the clearest covered balance-sheet capacity with ₹744 crore net cash and gross debt of ₹73 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderAhluwalia Contracts (India) Ltd · ₹73 crore
Gap23.2% versus #2 · Advait Energy Transitions Limited
Persistence8/8 recent comparable periods
Coverage6/6 companies · 94 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
1Ahluwalia Contracts (India) Ltd AHLUCONT₹73 Cr
2Advait Energy Transitions Limited ADVAIT₹95 Cr
3Viviana Power Tech Ltd VIVIANA⚠ unverified₹100 Cr
4J Kumar Infraprojects Ltd JKIL₹621 Cr
5Transrail Lighting Ltd TRANSRAILL₹678 Cr
Net debtlowest net debt
1Ahluwalia Contracts (India) Ltd AHLUCONT₹-744 Cr
2Transrail Lighting Ltd TRANSRAILL₹-86 Cr
3J Kumar Infraprojects Ltd JKIL₹-72 Cr
4Advait Energy Transitions Limited ADVAIT₹6 Cr
5Viviana Power Tech Ltd VIVIANA⚠ unverified₹98 Cr
Debt and balance-sheet capacity · company comparison
6/6 level · 5/6 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
Dilip Buildcon Ltd DBL₹8.0K Cr—Mar 2026
Transrail Lighting Ltd TRANSRAILL₹678 Cr₹-86 CrMar 2026
J Kumar Infraprojects Ltd JKIL₹621 Cr₹-72 CrMar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified₹100 Cr₹98 CrMar 2026
Advait Energy Transitions Limited ADVAIT₹95 Cr₹6 CrMar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT₹73 Cr₹-744 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Advait Energy Transitions Limited · ADVAIT

₹2 Cr
₹2 Cr
₹9 Cr
₹9 Cr
₹9 Cr
₹9 Cr
—
₹15 Cr
—
₹25 Cr
₹25 Cr
₹59 Cr
₹59 Cr
₹45 Cr
₹45 Cr
₹72 Cr
₹53 Cr
₹62 Cr
₹81 Cr
₹95 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹67 Cr
₹78 Cr
₹78 Cr
₹54 Cr
₹54 Cr
₹56 Cr
₹56 Cr
₹58 Cr
₹58 Cr
₹88 Cr
₹88 Cr
₹105 Cr
₹105 Cr
₹72 Cr
₹72 Cr
₹76 Cr
₹76 Cr
₹75 Cr
₹75 Cr
₹73 Cr

Dilip Buildcon Ltd · DBL

—
—
—
₹8.8K Cr
—
—
—
₹6.7K Cr
—
—
—
₹7.2K Cr
—
—
—
₹9.5K Cr
—
₹10.4K Cr
—
₹8.0K Cr

J Kumar Infraprojects Ltd · JKIL

₹501 Cr
₹545 Cr
₹545 Cr
₹486 Cr
₹472 Cr
₹477 Cr
₹477 Cr
₹547 Cr
₹547 Cr
₹669 Cr
₹669 Cr
₹593 Cr
₹593 Cr
₹781 Cr
₹781 Cr
₹704 Cr
₹704 Cr
₹780 Cr
₹780 Cr
₹621 Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
₹469 Cr
—
—
—
₹621 Cr
₹621 Cr
₹636 Cr
—
₹667 Cr
₹626 Cr
₹704 Cr
₹704 Cr
₹661 Cr
₹661 Cr
₹810 Cr
₹810 Cr
₹678 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

₹7 Cr
—
—
₹6 Cr
₹9 Cr
₹9 Cr
₹10 Cr
₹10 Cr
₹13 Cr
₹13 Cr
₹13 Cr
₹17 Cr
—
₹20 Cr
₹20 Cr
₹51 Cr
₹51 Cr
₹72 Cr
₹71 Cr
₹100 Cr

Net debt · reported quarter history

Advait Energy Transitions Limited · ADVAIT

₹-5 Cr
₹-5 Cr
₹-2 Cr
₹-2 Cr
₹-2 Cr
₹-3 Cr
—
₹8 Cr
—
₹0 Cr
₹0 Cr
₹52 Cr
₹16 Cr
₹-39 Cr
₹-39 Cr
₹4 Cr
₹-109 Cr
₹-59 Cr
₹-59 Cr
₹6 Cr

Ahluwalia Contracts (India) Ltd · AHLUCONT

₹-351 Cr
₹-271 Cr
₹-271 Cr
₹-379 Cr
₹-379 Cr
₹-333 Cr
₹-333 Cr
₹-530 Cr
₹-530 Cr
₹-434 Cr
₹-434 Cr
₹-675 Cr
₹-675 Cr
₹-691 Cr
₹-691 Cr
₹-888 Cr
₹-888 Cr
₹-954 Cr
₹-954 Cr
₹-744 Cr

J Kumar Infraprojects Ltd · JKIL

₹-98 Cr
₹86 Cr
₹86 Cr
₹173 Cr
₹98 Cr
₹128 Cr
₹128 Cr
₹277 Cr
₹170 Cr
₹260 Cr
₹260 Cr
₹237 Cr
₹89 Cr
₹228 Cr
₹228 Cr
₹-39 Cr
₹-137 Cr
₹6 Cr
₹6 Cr
₹-72 Cr

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
₹493 Cr
₹498 Cr
—
₹552 Cr
₹533 Cr
₹472 Cr
₹472 Cr
₹278 Cr
₹40 Cr
₹326 Cr
₹326 Cr
₹-86 Cr

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
₹5 Cr
₹5 Cr
₹5 Cr
₹10 Cr
₹10 Cr
₹13 Cr
₹13 Cr
—
₹17 Cr
—
₹19 Cr
—
₹50 Cr
—
₹71 Cr
₹69 Cr
₹98 Cr
06 · compare level, then change

Return On Capital Employed

Viviana Power Tech Ltd has the highest ROCE among the 6 EPC companies compared here, at 49%. Transrail Lighting Ltd is next at 29.2%. Advait Energy Transitions Limited has the highest ROCE change at +5.7 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Viviana Power Tech Ltd leads ROCE at 49%, 19.8 percentage points above Transrail Lighting Ltd. Advait Energy Transitions Limited has the strongest latest improvement at +5.7 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.

LeaderViviana Power Tech Ltd · 49%
Gap67.8% versus #2 · Transrail Lighting Ltd
Persistence5/8 recent comparable periods
Coverage6/6 companies · 72 observations

Investor read: Viviana Power Tech 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
1Viviana Power Tech Ltd VIVIANA⚠ unverified49%
2Transrail Lighting Ltd TRANSRAILL29%
3Advait Energy Transitions Limited ADVAIT28%
4Ahluwalia Contracts (India) Ltd AHLUCONT20%
5J Kumar Infraprojects Ltd JKIL18%
ROCE changefastest improvers
1Advait Energy Transitions Limited ADVAIT+5.7 pp
2Ahluwalia Contracts (India) Ltd AHLUCONT+1.0 pp
3Transrail Lighting Ltd TRANSRAILL−0.8 pp
4Dilip Buildcon Ltd DBL−2.0 pp
5J Kumar Infraprojects Ltd JKIL−3.2 pp
Return on capital · company comparison
6/6 level · 6/6 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: Dilip Buildcon Ltd (DBL) — its two data sources disagree by up to 61% on reported income across 14 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
Viviana Power Tech Ltd VIVIANA⚠ unverified36%−9.1 ppMar 2026
Transrail Lighting Ltd TRANSRAILL31%−0.8 ppMar 2026
Advait Energy Transitions Limited ADVAIT24%+5.7 ppMar 2026
J Kumar Infraprojects Ltd JKIL16%−3.2 ppMar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT13%+1.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Advait Energy Transitions Limited · ADVAIT

12%
16%
17%
20%
—
18%
—
21%
—
26%
46%
36%
52%
18%
32%
19%
36%
21%
34%
24%

Ahluwalia Contracts (India) Ltd · AHLUCONT

—
17%
—
19%
—
18%
—
19%
—
20%
27%
17%
32%
14%
27%
12%
17%
14%
18%
13%

J Kumar Infraprojects Ltd · JKIL

—
14%
—
16%
—
19%
—
17%
—
17%
21%
18%
22%
19%
23%
19%
23%
19%
21%
16%

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
17%
—
36%
35%
35%
47%
32%
44%
34%
45%
31%

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
61%
24%
25%
26%
26%
26%
30%
—
50%
—
33%
61%
45%
91%
39%
45%
36%

ROCE change · reported quarter history

Advait Energy Transitions Limited · ADVAIT

—
—
—
—
—
+1.9 pp
—
+0.2 pp
—
+7.5 pp
—
+15.4 pp
—
−7.6 pp
−14.7 pp
−17.4 pp
−16.4 pp
+2.9 pp
+1.9 pp
+5.7 pp

Ahluwalia Contracts (India) Ltd · AHLUCONT

—
—
—
—
—
+1.3 pp
—
0.0 pp
—
+1.5 pp
—
−2.2 pp
—
−5.6 pp
−0.2 pp
−5.0 pp
−14.8 pp
−0.1 pp
−8.7 pp
+1.0 pp

J Kumar Infraprojects Ltd · JKIL

—
—
—
—
—
+5.6 pp
—
+1.4 pp
—
−2.2 pp
—
+0.8 pp
—
+2.1 pp
+1.9 pp
+1.1 pp
+1.2 pp
−0.6 pp
−2.0 pp
−3.2 pp

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
—
+18.0 pp
—
−4.7 pp
+8.8 pp
−0.6 pp
−1.7 pp
−0.8 pp

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
—
—
−35.0 pp
+2.5 pp
+4.8 pp
—
+24.4 pp
—
+3.2 pp
—
−5.0 pp
—
+5.8 pp
−16.0 pp
−9.1 pp
07 · compare level, then change

Valuation Against Growth & Quality

Ahluwalia Contracts (India) Ltd has the lowest Guarded PEG among the 6 EPC companies compared here, at 0.33×. J Kumar Infraprojects Ltd is next at 1.47×. J Kumar Infraprojects Ltd has the lowest P/E at 9.32×, so level and change sit with different companies. 4 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ahluwalia Contracts (India) Ltd has the lowest comparable Guarded PEG at 0.33×, 77.6% below J Kumar Infraprojects Ltd. Only 4 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAhluwalia Contracts (India) Ltd · 0.33×
Gap77.6% versus #2 · J Kumar Infraprojects Ltd
Persistence0/8 recent comparable periods
Coverage4/6 companies · 31 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
1Ahluwalia Contracts (India) Ltd AHLUCONT0.3
2J Kumar Infraprojects Ltd JKIL1.5
3Transrail Lighting Ltd TRANSRAILL1.9
4Advait Energy Transitions Limited ADVAIT2.4
P/Elowest P/E
1J Kumar Infraprojects Ltd JKIL9.3
2Dilip Buildcon Ltd DBL11.2
3Viviana Power Tech Ltd VIVIANA⚠ unverified13.4
4Transrail Lighting Ltd TRANSRAILL15.6
5Ahluwalia Contracts (India) Ltd AHLUCONT20.9
Valuation · company comparison
4/6 level · 6/6 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
Advait Energy Transitions Limited ADVAIT2.441.7Mar 2026
Transrail Lighting Ltd TRANSRAILL1.914.4Mar 2026
J Kumar Infraprojects Ltd JKIL1.58.4Mar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT0.317.1Mar 2026
Dilip Buildcon Ltd DBL—9.4Mar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified—22.6Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Advait Energy Transitions Limited · ADVAIT

—
—
—
—
—
—
—
—
1.9
—
—
—
—
—
3.0
1.0
1.9
2.4
—
—

Ahluwalia Contracts (India) Ltd · AHLUCONT

1.5
—
—
—
—
0.3
0.6
2.5
0.8
0.8
0.6
0.5
1.8
—
—
—
—
—
2.8
0.3

J Kumar Infraprojects Ltd · JKIL

—
—
0.4
—
—
—
0.9
—
1.2
3.6
2.6
1.2
1.0
—
—
1.0
0.8
0.6
0.8
1.5

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.1
—
0.5
1.9
—

P/E · reported quarter history

Advait Energy Transitions Limited · ADVAIT

6.5
9.9
9.7
9.4
17.4
45.2
67.9
51.8
40.1
50.3
48.9
74.3
80.5
73.0
64.8
42.2
64.5
56.4
40.6
41.7

Ahluwalia Contracts (India) Ltd · AHLUCONT

48.0
24.2
22.0
19.8
17.1
17.7
19.7
23.5
21.0
22.9
23.4
27.6
35.8
35.5
34.9
31.1
32.8
29.3
25.7
17.1

Dilip Buildcon Ltd · DBL

29.7
35.9
39.5
—
—
—
—
—
—
—
—
119.6
117.6
45.0
23.8
22.2
16.2
16.6
16.9
9.4

J Kumar Infraprojects Ltd · JKIL

13.6
13.5
11.7
12.1
20.9
21.7
19.6
18.3
21.7
31.1
41.6
45.5
19.0
17.1
15.9
12.7
14.0
11.6
10.7
8.4

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
29.1
24.9
26.0
25.8
17.9
14.4

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
20.5
17.4
13.1
27.2
28.0
34.5
54.0
170.6
159.3
199.2
56.4
37.9
43.5
30.0
22.6
08 · compare level, then change

Enterprise Value & Book Value

J Kumar Infraprojects Ltd has the lowest EV/EBITDA among the 6 EPC companies compared here, at 3.8×. Dilip Buildcon Ltd is next at 6.3×. Dilip Buildcon Ltd has the lowest P/BV at 1×, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: J Kumar Infraprojects Ltd leads ev/ebitda at 3.8×; Dilip Buildcon Ltd leads p/bv at 1×.

LeaderJ Kumar Infraprojects Ltd · 3.8×
Gap39.7% versus #2 · Dilip Buildcon Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 101 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
1J Kumar Infraprojects Ltd JKIL3.8
2Dilip Buildcon Ltd DBL6.3
3Ahluwalia Contracts (India) Ltd AHLUCONT7.3
4Transrail Lighting Ltd TRANSRAILL7.5
5Viviana Power Tech Ltd VIVIANA⚠ unverified13.8
P/BVlowest P/BV
1Dilip Buildcon Ltd DBL1.0
2J Kumar Infraprojects Ltd JKIL1.1
3Ahluwalia Contracts (India) Ltd AHLUCONT2.7
4Transrail Lighting Ltd TRANSRAILL2.8
5Viviana Power Tech Ltd VIVIANA⚠ unverified6.1
Enterprise and book valuation · company comparison
6/6 level · 6/6 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
Advait Energy Transitions Limited ADVAIT21.38.4Mar 2026
Viviana Power Tech Ltd VIVIANA⚠ unverified13.88.6Mar 2026
Transrail Lighting Ltd TRANSRAILL7.53.1Mar 2026
Ahluwalia Contracts (India) Ltd AHLUCONT7.32.4Mar 2026
Dilip Buildcon Ltd DBL6.31.1Mar 2026
J Kumar Infraprojects Ltd JKIL3.81.1Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Advait Energy Transitions Limited · ADVAIT

4.7
6.0
6.4
6.2
7.7
20.1
28.9
22.0
18.7
23.0
24.7
41.0
45.1
45.9
37.2
23.3
34.9
28.9
20.2
21.3

Ahluwalia Contracts (India) Ltd · AHLUCONT

16.0
10.0
9.8
9.5
8.1
8.6
10.0
12.0
11.1
11.8
12.4
15.0
18.4
17.1
15.8
12.9
14.9
13.1
11.9
7.3

Dilip Buildcon Ltd · DBL

7.6
8.3
7.7
9.1
15.5
19.4
13.1
10.0
11.4
9.4
10.2
9.5
8.9
8.7
8.2
7.8
6.5
6.6
7.0
6.3

J Kumar Infraprojects Ltd · JKIL

4.8
4.8
4.1
4.3
7.6
7.9
7.1
6.6
7.9
11.4
15.3
16.8
8.5
7.9
7.6
6.1
6.5
5.1
4.8
3.8

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
12.7
11.0
12.7
12.5
9.2
7.5

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
12.9
11.1
8.6
17.5
17.7
21.4
32.5
100.5
97.8
123.6
33.4
23.1
27.1
18.4
13.8

P/BV · reported quarter history

Advait Energy Transitions Limited · ADVAIT

0.9
1.3
1.9
1.8
2.6
6.1
9.5
7.1
8.5
9.3
11.5
25.6
38.4
25.7
9.4
6.5
25.7
9.4
7.0
8.4

Ahluwalia Contracts (India) Ltd · AHLUCONT

2.8
2.9
2.8
3.1
3.0
2.5
2.9
3.7
3.9
3.8
3.9
5.1
6.8
4.8
4.1
3.3
4.1
3.6
3.5
2.4

Dilip Buildcon Ltd · DBL

2.4
2.3
1.8
1.0
0.8
0.9
0.9
0.7
1.0
1.1
1.4
1.6
1.9
1.8
1.4
1.5
1.7
1.5
1.3
1.1

J Kumar Infraprojects Ltd · JKIL

1.0
1.0
0.9
0.9
1.6
1.6
1.5
1.4
1.6
2.4
3.1
3.4
4.5
2.2
2.1
1.7
2.1
1.6
1.4
1.1

Transrail Lighting Ltd · TRANSRAILL

—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.6
4.8
4.6
5.3
3.6
3.1

Viviana Power Tech Ltd · VIVIANA⚠ unverified

—
—
—
—
—
3.9
3.0
2.3
4.7
4.8
6.0
9.3
29.4
27.5
13.2
9.9
39.1
16.2
10.4
8.6
09 · let price answer last

Market action

Advait Energy Transitions Limited has the strongest one-year price move in EPC at -0.4%. It also leads on Mansfield relative strength against NIFTY at +13.1%. 1 of 6 covered companies is 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 EPC comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has 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.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
10 · the complete set

Which companies are included?

All 6 companies in the canonical EPC membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

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
Dilip Buildcon Ltd DBL₹6.8K Cr₹4202026-07-19Mar 2026Second feed withheld
Transrail Lighting Ltd TRANSRAILLLAGGING, FUNDAMENTALS UP₹6.5K Cr₹4832026-07-19Mar 2026Cross-checked
Ahluwalia Contracts (India) Ltd AHLUCONT₹5.5K Cr₹8282026-07-19Mar 2026Cross-checked
J Kumar Infraprojects Ltd JKIL₹3.7K Cr₹4862026-07-19Mar 2026Cross-checked
Advait Energy Transitions Limited ADVAITAHEAD₹2.5K Cr₹2,2522026-07-19Mar 2026Cross-checked
Viviana Power Tech Ltd VIVIANA⚠ unverified₹706 Cr₹6972026-07-19Mar 2026Includes unverified figures
How each company's sources stand: 1 of 6 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Dilip Buildcon Ltd (DBL) — its two data sources disagree by up to 61% on reported income across 14 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 6 EPC 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 standing4 cross-checked · 1 unverified · 1 withheld, of 6 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

EPC company comparison FAQs

These 19 answers restate the EPC comparison above in question form. Every one is computed from the same 6 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 EPC index?

The Nifty EPC index tracks India's listed EPC companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the EPC sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best EPC stocks in India?

Ranked by this page's four-factor score, Advait Energy Transitions Limited places first among 6 listed EPC companies, followed by Ahluwalia Contracts (India) 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 EPC stocks are listed in India?

This comparison covers 6 listed EPC 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 EPC company is the biggest?

Dilip Buildcon Ltd is the largest, with trailing-twelve-month revenue of ₹8,984 crore, ahead of Transrail Lighting Ltd at ₹6,880 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which EPC company is growing fastest?

Viviana Power Tech Ltd has the fastest revenue growth at 100% year on year, across 6 of 6 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 EPC company has the best profit margins?

Dilip Buildcon Ltd has the highest operating margin at 17%, from 6 of 6 comparable companies. Advait Energy Transitions Limited shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which EPC company makes the most profit?

Dilip Buildcon Ltd earns the most, at ₹1,398 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Viviana Power Tech Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which EPC company earns the highest return on capital?

Viviana Power Tech Ltd leads on return on capital employed at 49%, across 6 of 6 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 EPC stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Ahluwalia Contracts (India) Ltd screens cheapest at 0.33×. Only 4 of 6 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 EPC company has the strongest balance sheet?

Ahluwalia Contracts (India) Ltd carries the lowest comparable gross debt at ₹73 crore, from 6 of 6 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 EPC company is investing most in new capacity?

Transrail Lighting Ltd reports the largest capital spending at ₹20 crore, across 3 of 6 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Which EPC stock has the strongest price momentum?

Advait Energy Transitions Limited 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 EPC company scores highest for research priority?

Advait Energy Transitions Limited scores 71.8 out of 100 with 100% evidence confidence, from 32.1 points on growth and earnings, 15 on capital efficiency, 6.4 on valuation and 18.3 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 EPC companies does this comparison cover, and over what period?

It compares 6 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 EPC sector?

The 6 EPC companies on this page carry ₹25,699 crore of combined market value. Dilip Buildcon Ltd is the largest at ₹6,827 crore, about 27% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the EPC sector's P/E ratio?

The median price-to-earnings ratio across the 6 EPC companies on this page is 15.6×, measured on the 6 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 EPC sector performing?

1 of the 6 covered EPC 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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