Infra - Construction & Contracting Stocks in India
Infra - Construction & Contracting: Larsen & Toubro Ltd owns the largest revenue base; Giriraj Civil Developers Ltd has the fastest current growth.
Nifty Infra - Construction & Contracting Index — Constituents & Performance
The Infra - Construction & Contracting companies below are the listed Indian Infra - Construction & Contracting universe this page tracks — the same constituent set people search for as the Nifty Infra - Construction & Contracting 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 Infra - Construction & Contracting moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 28% behind NIFTY 500. Earnings across its companies fell 13% on average over the last four reported quarters.
ASLEEP · 1y −20.0%~Price down, no fundamental support4 of 15 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
Infra - Construction & Contracting, equal-weighted, based at 200NIFTY 500, same base, same starttrailing 12-month earnings per share risingfalling
Strength anatomyNarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 15 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +4 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large0/3−2
Mid3/6−2
Small1/6−3
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 15 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 Infra - Construction & Contracting outperforming NIFTY 500?
The 52-week comparison of Infra - Construction & Contracting against NIFTY 500 is not available from the current market series. 4 of 17 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Cemindia Projects Ltd is the strongest against the sector itself at +105%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/17Stocks leading NIFTY 500
7/17Stocks leading sector
Sector metric: 147.1 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 4 of 17 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Larsen & Toubro Ltd leads with revenue of ₹2,85,875 crore, based on 17 of 17 comparable companies through Mar 2026. Giriraj Civil Developers Ltd has the fastest current revenue growth at 100%, across 17 of 17 comparable companies.
Is the Infra - Construction & Contracting sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 4 of 17 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
Which Infra - Construction & Contracting company is largest by revenue?
Larsen & Toubro Ltd leads with revenue of ₹2,85,875 crore, based on 17 of 17 comparable companies through Mar 2026.
Which Infra - Construction & Contracting company is growing fastest?
Giriraj Civil Developers Ltd has the fastest current revenue growth at 100%, across 17 of 17 comparable companies.
Which Infra - Construction & Contracting company has the strongest 4-Factor Sector Score?
Cemindia Projects Ltd ranks first at 65.8/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Infra - Construction & Contracting company reports the most CAPEX?
Patel Engineering Ltd reports the largest latest CAPEX at ₹55 crore, with 1 of 17 companies comparable.
Which Infra - Construction & Contracting company has the least gross debt?
Likhitha Infrastructure Ltd has the lowest comparable gross debt at ₹0 crore. Larsen & Toubro Ltd has the highest at ₹1,25,497 crore.
Which Infra - Construction & Contracting company has the lowest comparable PEG?
PNC Infratech Ltd has the lowest comparable Guarded PEG at 0.17, among 6 of 17 companies that pass the metric’s comparability rules.
How much history does this Infra - Construction & Contracting 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
17
complete canonical membership
Combined market value
₹6.7 L Cr
Larsen & Toubro Ltd
Revenue growing
9/17
positive TTM year-on-year growth
Beating NIFTY 500
4/17
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.
Cemindia Projects Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Ramky Infrastructure Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Likhitha Infrastructure 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.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21.5/35Growth & earnings
Revenue 100% · PAT 100% · OPM change 2 pp
27% evidence
15.7/25Capital efficiency
ROCE 20.1% · debt/equity 0.08×
71% evidence
10.4/20Valuation
P/E 21.1× · PEG —
15% evidence
4.6/20Relative strength
RS sector -32.2% · RS bench -12.3% · 1Y -33.6%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Larsen & Toubro Ltd has the highest Revenue among the 17 Infra - Construction & Contracting companies compared here, at ₹2,85,875 crore. Rail Vikas Nigam Ltd is next at ₹20,412 crore. Giriraj Civil Developers 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: Larsen & Toubro Ltd is the scale leader at ₹2,85,875 crore, 14× the revenue of Rail Vikas Nigam Ltd. Giriraj Civil Developers Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 174% from a ₹548 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderLarsen & Toubro Ltd · ₹2,85,875 crore
Gap14× versus #2 · Rail Vikas Nigam Ltd
Persistence8/8 recent comparable periods
Coverage17/17 companies · 267 observations
Investor read: Larsen & Toubro Ltd is the scale benchmark; Giriraj Civil Developers Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Larsen & Toubro Ltd's growth falls below Giriraj Civil Developers 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.
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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Hazoor Multi Projects Ltd has the highest OPM among the 17 Infra - Construction & Contracting companies compared here, at 80%. IRB Infrastructure Developers Ltd is next at 56%. The same company also holds the highest Margin change, at +62 percentage points. 17 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Hazoor Multi Projects Ltd leads both opm at 80% and margin change at +62 percentage points.
LeaderHazoor Multi Projects Ltd · 80%
Gap42.9% versus #2 · IRB Infrastructure Developers Ltd
Persistence4/8 recent comparable periods
Coverage17/17 companies · 323 observations
Investor read: Hazoor Multi Projects 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.
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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Larsen & Toubro Ltd has the highest Net profit among the 17 Infra - Construction & Contracting companies compared here, at ₹18,954 crore. Rail Vikas Nigam Ltd is next at ₹871 crore. Giriraj Civil Developers 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: Larsen & Toubro Ltd leads with ₹18,954 crore of TTM profit, 21.8× the profit of Rail Vikas Nigam Ltd. Giriraj Civil Developers Ltd shows ≥100% on the scoring scale (277.8% uncapped) growth from a ₹34 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderLarsen & Toubro Ltd · ₹18,954 crore
Gap21.8× versus #2 · Rail Vikas Nigam Ltd
Persistence6/8 recent comparable periods
Coverage17/17 companies · 267 observations
Investor read: Larsen & Toubro 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.
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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Patel Engineering Ltd has the highest CAPEX among the 17 Infra - Construction & Contracting companies compared here, at ₹55 crore. The same company also holds the highest CAPEX intensity, at 4.1%. 1 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Patel Engineering Ltd reports ₹55 crore of CAPEX; Patel Engineering Ltd has the highest covered intensity at 4.1%. Coverage is only 1 of 17 companies and 3 reported observations, so this is partial evidence—not a complete sector rank.
LeaderPatel Engineering Ltd · ₹55 crore
GapNot enough peers
Persistence3/3 recent comparable periods
Coverage1/17 companies · 3 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
1Patel Engineering Ltd PATELENG₹55 Cr
CAPEX intensityhighest reinvestment intensity
1Patel Engineering Ltd PATELENG4.1%
Capital expenditure · company comparison
1/17 level · 1/17 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: Larsen & Toubro Ltd (LT) — its two data sources disagree by up to 2.4% on reported income across 14 comparable periods, so its derived ratios are withheld; NBCC (India) Ltd (NBCC) — its two data sources disagree by up to 4.8% on reported income across 14 comparable periods, so its derived ratios are withheld; IRB Infrastructure Developers Ltd (IRB) — its two data sources disagree by up to 3.2% on reported income across 14 comparable periods, so its derived ratios are withheld; KNR Constructions Ltd (KNRCON) — its two data sources disagree by up to 1,634% on reported income across 14 comparable periods, so its derived ratios are withheld; Ramky Infrastructure Ltd (RAMKY) — its two data sources disagree by up to 57% 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.
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Likhitha Infrastructure Ltd has the lowest Gross debt among the 17 Infra - Construction & Contracting companies compared here, at ₹0 crore. The same company also holds the lowest Net debt, at ₹77 crore net cash. 17 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Likhitha Infrastructure Ltd has the clearest covered balance-sheet capacity with ₹77 crore net cash and gross debt of ₹0 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderLikhitha Infrastructure Ltd · ₹0 crore
Gapnull versus #2 · NBCC (India) Ltd
Persistence8/8 recent comparable periods
Coverage17/17 companies · 215 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.
Debt and balance-sheet capacity · company comparison
17/17 level · 9/17 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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Cemindia Projects Ltd has the highest ROCE among the 17 Infra - Construction & Contracting companies compared here, at 32.8%. NBCC (India) Ltd is next at 31%. Giriraj Civil Developers Ltd has the highest ROCE change at +4 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.
What the numbers say: Cemindia Projects Ltd leads ROCE at 32.8%, 1.8 percentage points above NBCC (India) Ltd. Giriraj Civil Developers Ltd has the strongest latest improvement at +4 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.
LeaderCemindia Projects Ltd · 32.8%
Gap5.8% versus #2 · NBCC (India) Ltd
Persistence5/8 recent comparable periods
Coverage17/17 companies · 135 observations
Investor read: Cemindia Projects 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.
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: Larsen & Toubro Ltd (LT) — its two data sources disagree by up to 2.4% on reported income across 14 comparable periods, so its derived ratios are withheld; NBCC (India) Ltd (NBCC) — its two data sources disagree by up to 4.8% on reported income across 14 comparable periods, so its derived ratios are withheld; IRB Infrastructure Developers Ltd (IRB) — its two data sources disagree by up to 3.2% on reported income across 14 comparable periods, so its derived ratios are withheld; KNR Constructions Ltd (KNRCON) — its two data sources disagree by up to 1,634% on reported income across 14 comparable periods, so its derived ratios are withheld; Ramky Infrastructure Ltd (RAMKY) — its two data sources disagree by up to 57% 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.
PNC Infratech Ltd has the lowest Guarded PEG among the 17 Infra - Construction & Contracting companies compared here, at 0.17×. Patel Engineering Ltd is next at 0.21×. Patel Engineering Ltd has the lowest P/E at 6.98×, so level and change sit with different companies. 6 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: PNC Infratech Ltd has the lowest comparable Guarded PEG at 0.17×, 19% below Patel Engineering Ltd. Only 6 of 17 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderPNC Infratech Ltd · 0.17×
Gap19% versus #2 · Patel Engineering Ltd
Persistence0/8 recent comparable periods
Coverage6/17 companies · 38 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
1PNC Infratech Ltd PNCINFRA0.2
2Patel Engineering Ltd PATELENG0.2
3Hindustan Construction Company Ltd HCC1.3
4H.G. Infra Engineering Ltd HGINFRA3.2
5Rail Vikas Nigam Ltd RVNL5.1
P/Elowest P/E
1Patel Engineering Ltd PATELENG7.0
2KNR Constructions Ltd KNRCON7.8
3Ramky Infrastructure Ltd RAMKY11.3
4H.G. Infra Engineering Ltd HGINFRA11.8
5PNC Infratech Ltd PNCINFRA13.6
Valuation · company comparison
6/17 level · 17/17 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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Patel Engineering Ltd has the lowest EV/EBITDA among the 17 Infra - Construction & Contracting companies compared here, at 3.9×. Hindustan Construction Company Ltd is next at 6.2×. Vishnu Prakash R Punglia Ltd has the lowest P/BV at 0.52×, so level and change sit with different companies. 17 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Patel Engineering Ltd leads ev/ebitda at 3.9×; Vishnu Prakash R Punglia Ltd leads p/bv at 0.52×.
LeaderPatel Engineering Ltd · 3.9×
Gap37.1% versus #2 · Hindustan Construction Company Ltd
Persistence0/8 recent comparable periods
Coverage17/17 companies · 308 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
1Patel Engineering Ltd PATELENG3.9
2Hindustan Construction Company Ltd HCC6.2
3KNR Constructions Ltd KNRCON6.2
4PNC Infratech Ltd PNCINFRA6.4
5Ramky Infrastructure Ltd RAMKY7.2
P/BVlowest P/BV
1Vishnu Prakash R Punglia Ltd VPRPL0.5
2Patel Engineering Ltd PATELENG0.6
3KNR Constructions Ltd KNRCON0.7
4PNC Infratech Ltd PNCINFRA0.9
5Hazoor Multi Projects Ltd 5324671.0
Enterprise and book valuation · company comparison
17/17 level · 17/17 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.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Cemindia Projects Ltd has the strongest one-year price move in Infra - Construction & Contracting at +99.9%. It also leads on Mansfield relative strength against NIFTY at +95.3%. 4 of 17 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 Infra - Construction & Contracting comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 17 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 3 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
3 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.
5 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: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 17 companies in the canonical Infra - Construction & Contracting membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 2 of these are no longer being priced, so their 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.
How each company's sources stand: 3 of 17 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. 5 of 17 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Larsen & Toubro Ltd (LT) — its two data sources disagree by up to 2.4% on reported income across 14 comparable periods, so its derived ratios are withheld; NBCC (India) Ltd (NBCC) — its two data sources disagree by up to 4.8% on reported income across 14 comparable periods, so its derived ratios are withheld; IRB Infrastructure Developers Ltd (IRB) — its two data sources disagree by up to 3.2% on reported income across 14 comparable periods, so its derived ratios are withheld; KNR Constructions Ltd (KNRCON) — its two data sources disagree by up to 1,634% on reported income across 14 comparable periods, so its derived ratios are withheld; Ramky Infrastructure Ltd (RAMKY) — its two data sources disagree by up to 57% 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 17 Infra - Construction & Contracting 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.
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.
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.
Infra - Construction & Contracting company comparison FAQs
These 18 answers restate the Infra - Construction & Contracting comparison above in question form. Every one is computed from the same 17 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 Infra - Construction & Contracting index?
The Nifty Infra - Construction & Contracting index tracks India's listed Infra - Construction & Contracting companies as a single basket. This page follows the same 17 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Infra - Construction & Contracting sector rather than to its largest constituent. Figures are as of Mar 2026.
Which are the best Infra - Construction & Contracting stocks in India?
Ranked by this page's four-factor score, Cemindia Projects Ltd places first among 17 listed Infra - Construction & Contracting companies, followed by NBCC (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 Infra - Construction & Contracting stocks are listed in India?
This comparison covers 17 listed Infra - Construction & Contracting 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 Infra - Construction & Contracting company is the biggest?
Larsen & Toubro Ltd is the largest, with trailing-twelve-month revenue of ₹2,85,875 crore, ahead of Rail Vikas Nigam Ltd at ₹20,412 crore. That covers 17 of 17 companies with comparable reporting through Mar 2026.
Which Infra - Construction & Contracting company is growing fastest?
Giriraj Civil Developers Ltd has the fastest revenue growth at 100% year on year, across 17 of 17 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 Infra - Construction & Contracting company has the best profit margins?
Hazoor Multi Projects Ltd has the highest operating margin at 80%, from 17 of 17 comparable companies. Hazoor Multi Projects Ltd shows the biggest recent improvement, at +62 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Infra - Construction & Contracting company makes the most profit?
Larsen & Toubro Ltd earns the most, at ₹18,954 crore of trailing-twelve-month net profit, from 17 of 17 comparable companies. Giriraj Civil Developers Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Infra - Construction & Contracting company earns the highest return on capital?
Cemindia Projects Ltd leads on return on capital employed at 32.8%, across 17 of 17 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 Infra - Construction & Contracting stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — PNC Infratech Ltd screens cheapest at 0.17×. Only 6 of 17 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 Infra - Construction & Contracting company has the strongest balance sheet?
Likhitha Infrastructure Ltd carries the lowest comparable gross debt at ₹0 crore, from 17 of 17 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 Infra - Construction & Contracting stock has the strongest price momentum?
Cemindia Projects 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 Infra - Construction & Contracting company scores highest for research priority?
Cemindia Projects Ltd scores 65.8 out of 100 with 100% evidence confidence, from 27 points on growth and earnings, 17 on capital efficiency, 1.8 on valuation and 20 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 Infra - Construction & Contracting companies does this comparison cover, and over what period?
It compares 17 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 Infra - Construction & Contracting sector?
The 17 Infra - Construction & Contracting companies on this page carry ₹6,71,308 crore of combined market value. Larsen & Toubro Ltd is the largest at ₹5,20,796 crore, about 78% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Infra - Construction & Contracting sector's P/E ratio?
The median price-to-earnings ratio across the 17 Infra - Construction & Contracting companies on this page is 22.8×, measured on the 17 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 Infra - Construction & Contracting sector performing?
4 of the 17 covered Infra - Construction & Contracting 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.