20-quarter listed-company comparison

Construction - Civil/Turnkey Stocks in India

Construction - Civil/Turnkey: Afcons Infrastructure Ltd owns the largest revenue base; Univastu India Ltd has the fastest current growth.

The 11 Construction - Civil/Turnkey companies listed in India are Interise Trust (₹11.7K Cr, the largest), Afcons Infrastructure Ltd, Ceigall India Ltd and 8 more. 7 of 9 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

Top 10 Construction - Civil/Turnkey Stocks in India (Sep 2026) — ranked by 4-Factor score

1Univastu India Ltd₹497 Cr64.3/100Mixed-positive evidence · strongest on ROCE and revenue growth
2Brahmaputra Infrastructure Ltd₹479 Cr63.0/100Mixed-positive evidence · strongest on ROCE improvement and profit growth
3Effwa Infra & Research Ltd₹824 Cr60.6/100Thin evidence · provisional · strongest on relative strength versus sector and ROCE
4Ceigall India Ltd₹6.7K Cr54.8/100Mixed-positive evidence · strongest on relative strength versus sector and margin improvement
5Sathlokhar Synergys E&C Global Ltd₹1.0K Cr51.1/100Thin evidence · provisional · strongest on ROCE and margin improvement
6B.L.Kashyap & Sons Ltd₹1.2K Cr45.0/100Mixed-negative evidence · strongest on ROCE improvement and revenue growth
7Denta Water & Infra Solutions Ltd₹739 Cr43.6/100Mixed-negative evidence · strongest on ROCE and operating margin
8Interise Trust₹11.7K Cr43.6/100Thin evidence · provisional · strongest on profit growth and operating margin
9Afcons Infrastructure Ltd₹9.3K Cr29.9/100Adverse evidence · strongest on PEG
10HRS Aluglaze Ltd₹499 Cr54.4/100Thin evidence · provisional · strongest on margin improvement and ROCE

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Construction - Civil/Turnkey Index — Constituents & Performance

All 11 listed Indian Construction - Civil/Turnkey companies are named here, largest first — the same constituent set people search for as the Nifty Construction - Civil/Turnkey index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

Interise Trust₹11.7K Cr
Afcons Infrastructure Ltd₹9.3K Cr
Ceigall India Ltd₹6.7K Cr
GHV Infra Projects Ltd₹2.2K Cr
B.L.Kashyap & Sons Ltd₹1.2K Cr
Sathlokhar Synergys E&C Global Ltd₹1.0K Cr
Effwa Infra & Research Ltd₹824 Cr
Denta Water & Infra Solutions Ltd₹739 Cr
HRS Aluglaze Ltd₹499 Cr
Univastu India Ltd₹497 Cr
Brahmaputra Infrastructure Ltd₹479 Cr

02 · the sector itself · before any single company

How has Construction - Civil/Turnkey moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 193% ahead of NIFTY 500. Earnings across its companies fell 3% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 7 weeks running.

FADING · −1 in 4w~Price up, without the fundamentals confirming4 of the 10 companies with a long enough price record 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 ↑7w · 6/10 >200d (+0) · 4/10 lead (−1) · EPS 4/8↑

Construction - Civil/Turnkey, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 10 of its 11 companies — the 1 with too short a price record are ranked in the scorecard but cannot sit in this line. 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.

03 · sector relative strength, before individual stocks

Is Construction - Civil/Turnkey outperforming NIFTY 500?

Construction - Civil/Turnkey has outperformed NIFTY 500 by 14.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 11.8%. 7 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Effwa Infra & Research Ltd is the strongest against the sector itself at +18.2%.

+11.8%Sector vs NIFTY 500 · 13 weeks

+14.5%Sector vs NIFTY 500 · 52 weeks

7/9Stocks leading NIFTY 500

2/7Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

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

Construction - Civil/Turnkey has outperformed NIFTY 500 by 14.5% over 52 weeks and 11.8% over 13 weeks. 7 of 9 covered companies beat NIFTY on Mansfield relative strength, while 2 of 7 beat the sector itself. Afcons Infrastructure Ltd leads with revenue of ₹11,249 crore, based on 9 of 11 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹35.1K Cr

Interise Trust

Revenue growing

6/7

positive TTM year-on-year growth

Beating NIFTY 500

7/9

positive Mansfield relative strength

Comparing 5 of 11

04 · 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%

Univastu India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 67.3% evidence confidence.

Afcons Infrastructure Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Effwa Infra & Research Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Univastu India LtdUNIVASTU	64.3/100Mixed-positive evidence67% evidence		23.6/35 Revenue 100% · PAT 82.3% · OPM change -11 pp 95% evidence	18.2/25 ROCE 30% · OPM 14% 76% evidence	10.0/20 P/E 16.4× · PEG — 50% evidence	12.5/20 RS sector — · RS bench 62.3% · 1Y — 25% evidence
Exact sum: 23.6 + 18.2 + 10 + 12.5 = 64.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Brahmaputra Infrastructure Ltd535693	63.0/100Mixed-positive evidence63% evidence		24.4/35 Revenue 50.4% · PAT 100% · OPM change -8 pp 83% evidence	13.8/25 ROCE 18.2% · OPM 22% 76% evidence	13.5/20 P/E 8× · PEG — 50% evidence	11.3/20 RS sector — · RS bench 20.3% · 1Y — 25% evidence
Exact sum: 24.4 + 13.8 + 13.5 + 11.3 = 63 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Effwa Infra & Research LtdEFFWA	60.6/100Thin evidence · provisional56% evidence	FADING	17.4/35 Revenue — · PAT — · OPM change -2 pp 26% evidence	19.6/25 ROCE 29.3% · OPM 16% 95% evidence	10.0/20 P/E 28.8× · PEG — 15% evidence	13.6/20 RS sector 18.2% · RS bench 35.9% · 1Y 54.3%11 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 19.6 + 10 + 13.6 = 60.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Ceigall India LtdCEIGALL	54.8/100Mixed-positive evidence75% evidence	TURNING	19.1/35 Revenue 20.3% · PAT 23.5% · OPM change 2 pp 95% evidence	13.2/25 ROCE 17.3% · OPM 15% 76% evidence	10.3/20 P/E 20.8× · PEG — 15% evidence	12.2/20 RS sector 11.3% · RS bench 28.8% · 1Y 39.2%2 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 13.2 + 10.3 + 12.2 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Sathlokhar Synergys E&C Global LtdSSEGL	51.1/100Thin evidence · provisional57% evidence	BREAKING OUT	17.0/35 Revenue — · PAT — · OPM change 4 pp 45% evidence	17.5/25 ROCE 36.3% · OPM 15% 95% evidence	11.2/20 P/E 10× · PEG — 15% evidence	5.4/20 RS sector -28.1% · RS bench 1.7% · 1Y -21.4%5 of 11 weeks ahead 70% evidence
Exact sum: 17 + 17.5 + 11.2 + 5.4 = 51.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6B.L.Kashyap & Sons LtdBLKASHYAP	45.0/100Mixed-negative evidence74% evidence	TURNING	18.6/35 Revenue 21.9% · PAT -80% · OPM change 0 pp 95% evidence	7.6/25 ROCE 12.6% · OPM 8% 95% evidence	9.7/20 P/E 33.2× · PEG — 15% evidence	9.1/20 RS sector -18.8% · RS bench 4.1% · 1Y -18.8%1 of 11 weeks ahead 70% evidence
Exact sum: 18.6 + 7.6 + 9.7 + 9.1 = 45 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Denta Water & Infra Solutions LtdDENTA	43.6/100Mixed-negative evidence74% evidence	ASLEEP	11.3/35 Revenue 10% · PAT -10.2% · OPM change -11 pp 95% evidence	16.0/25 ROCE 18.8% · OPM 22% 95% evidence	10.9/20 P/E 13.8× · PEG — 15% evidence	5.4/20 RS sector -23.6% · RS bench -8.3% · 1Y -40.7%8 of 11 weeks ahead 70% evidence
Exact sum: 11.3 + 16 + 10.9 + 5.4 = 43.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Interise TrustINTERISE	43.6/100Thin evidence · provisional55% evidence		17.4/35 Revenue 0.8% · PAT 100% · OPM change -3 pp 95% evidence	7.7/25 ROCE 10.8% · OPM 72% 76% evidence	8.5/20 P/E 252× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.4 + 7.7 + 8.5 + 10 = 43.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Afcons Infrastructure LtdAFCONS	29.9/100Adverse evidence87% evidence	BASING	5.7/35 Revenue -11.9% · PAT -73.1% · OPM change -4 pp 100% evidence	6.5/25 ROCE 13.9% · OPM 9% 100% evidence	13.7/20 P/E 45.3× · PEG 0.82 65% evidence	4.0/20 RS sector -26.6% · RS bench -23% · 1Y -45.3%0 of 11 weeks ahead 70% evidence
Exact sum: 5.7 + 6.5 + 13.7 + 4 = 29.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10HRS Aluglaze Ltd544656	54.4/100Thin evidence · provisional29% evidence		18.4/35 Revenue — · PAT — · OPM change 6 pp 19% evidence	17.2/25 ROCE 18.8% · OPM 23% 76% evidence	8.8/20 P/E 49.2× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —2 of 2 weeks ahead 0% evidence
Exact sum: 18.4 + 17.2 + 8.8 + 10 = 54.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11GHV Infra Projects Ltd505504	52.2/100Thin evidence · provisional37% evidence	BREAKING OUT	18.2/35 Revenue — · PAT — · OPM change 0 pp 17% evidence	12.8/25 ROCE — · OPM 11.1% 30% evidence	9.4/20 P/E 43× · PEG — 15% evidence	11.8/20 RS sector -13.4% · RS bench 1.3% · 1Y -15.5%7 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 12.8 + 9.4 + 11.8 = 52.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 11 companies

05 · what price has already done

Market action

Effwa Infra & Research Ltd has the strongest one-year price move in Construction - Civil/Turnkey at +54.3%. Univastu India Ltd leads on Mansfield relative strength against NIFTY at +62.3%. 7 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Construction - Civil/Turnkey — the story behind the numbers

This is the written read behind the Construction - Civil/Turnkey figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 3 themes are live here, 2 of them rated high severity.

The sector shows mixed signals with one constituent emerging from CIRP. GAYAPROJ has repaired its balance sheet via OTS debt settlement but faces ongoing litigation and regulatory hurdles. Revenue growth of 39.52% YoY in Q4 FY26 is offset by net loss of ₹110.27 crore. Investors should monitor resolution of disputed tax liabilities and NHAI project terminations.

The Construction - Civil/Turnkey sector analysis for the week ending 2026-07-19 covers one constituent, Gayatri Projects Ltd (GAYAPROJ). The company reported Q4 FY26 standalone revenue of ₹191.34 crore, up 39.52% YoY from ₹137.14 crore in Q4 FY25.

How old this read is: This read comes from our Construction - Civil/Turnkey sector brief dated 28 Jul 2026 — 62 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live theme	Severity	Evidence on file
Auditor expressed doubt on going concern. RP admitted violation of section 14 of IBC. Disputed tax liabilities stand at ₹748.74 crore.Named for GAYAPROJ	high	“Auditor expressed doubt on going concern. RP admitted violation of section 14 of IBC. Disputed tax liabilities stand at ₹748.74 crore.” Auditor gave unqualified opinion with emphasis of matter; company filed Annual on Feb 11, 2026.
Creditors voted to initiate liquidation proceedings after rejecting sole bid. NHAI terminated projects and bank guarantees invoked worth Rs. 225 Crores.Named for GAYAPROJ	high	“Creditors voted to initiate liquidation proceedings after rejecting sole bid. NHAI terminated projects and bank guarantees invoked worth Rs. 225 Crores.” Exited CIRP after ₹750 crore OTS; received INR 1.09 billion funding in Apr 2026.
Salary payment backlogs ranging from three to five months occurred at CIRP commencement, indicating operational disruption risk.Named for GAYAPROJ	medium	“Salary payment backlogs ranging from three to five months occurred at CIRP commencement, indicating operational disruption risk.” RP streamlined salary payments, prioritizing employees based on a bottom-up principle.

Sources: our Construction - Civil/Turnkey sector brief, 28 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

Afcons Infrastructure Ltd has the highest Revenue among the 11 Construction - Civil/Turnkey companies compared here, at ₹11,249 crore. Ceigall India Ltd is next at ₹4,155 crore. Univastu India 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: Afcons Infrastructure Ltd is the scale leader at ₹11,249 crore, 170.7% ahead of Ceigall India Ltd. Univastu India Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 107.2% from a ₹317 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAfcons Infrastructure Ltd · ₹11,249 crore

Gap170.7% versus #2 · Ceigall India Ltd

Persistence3/8 recent comparable periods

Coverage9/11 companies · 110 observations

Investor read: Afcons Infrastructure Ltd is the scale benchmark; Univastu India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Afcons Infrastructure Ltd's growth falls below Univastu India 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

1Afcons Infrastructure Ltd AFCONS₹11.2K Cr

2Ceigall India Ltd CEIGALL₹4.2K Cr

3Interise Trust INTERISE₹3.6K Cr

4B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified₹1.4K Cr

5Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified₹949 Cr

Revenue growthfastest growers

1Univastu India Ltd UNIVASTU100%

2Brahmaputra Infrastructure Ltd 53569350%

3B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified22%

4Ceigall India Ltd CEIGALL20%

5Denta Water & Infra Solutions Ltd DENTA⚠ unverified10%

Revenue · company comparison

9/11 level · 7/11 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Afcons Infrastructure Ltd AFCONS	₹2.7K Cr	-21%	Jun 2026
Ceigall India Ltd CEIGALL	₹970 Cr	16%	Jun 2026
Interise Trust INTERISE	₹870 Cr	-2.9%	Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified	₹345 Cr	2.7%	Jun 2026
GHV Infra Projects Ltd 505504	₹219 Cr	646%	Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified	₹205 Cr	67%	Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified	₹163 Cr	31%	Mar 2026
Univastu India Ltd UNIVASTU	₹104 Cr	259%	Jun 2026
Brahmaputra Infrastructure Ltd 535693	₹94 Cr	-8.7%	Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified	₹59 Cr	-12%	Jun 2026
HRS Aluglaze Ltd 544656	₹41 Cr	86%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹3.2K Cr

Sep 2023₹3.3K Cr

Dec 2023₹3.1K Cr

Mar 2024₹3.6K Cr

Jun 2024₹3.2K Cr

Sep 2024₹3.0K Cr

Dec 2024₹3.2K Cr

Mar 2025₹3.2K Cr

Jun 2025₹3.4K Cr

Sep 2025₹3.0K Cr

Dec 2025₹3.0K Cr

Mar 2026₹2.6K Cr

Jun 2026₹2.7K Cr

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹253 Cr

Mar 2023₹276 Cr

Jun 2023₹253 Cr

Sep 2023₹327 Cr

Dec 2023₹324 Cr

Mar 2024₹341 Cr

Jun 2024₹350 Cr

Sep 2024₹267 Cr

Dec 2024₹242 Cr

Mar 2025₹294 Cr

Jun 2025₹336 Cr

Sep 2025₹355 Cr

Dec 2025₹324 Cr

Mar 2026₹364 Cr

Jun 2026₹345 Cr

Brahmaputra Infrastructure Ltd · 535693

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹43 Cr

Jun 2023₹54 Cr

Sep 2023₹61 Cr

Dec 2023₹53 Cr

Mar 2024₹54 Cr

Jun 2024₹79 Cr

Sep 2024₹32 Cr

Dec 2024₹32 Cr

Mar 2025₹103 Cr

Jun 2025₹92 Cr

Sep 2025₹91 Cr

Dec 2025₹93 Cr

Mar 2026₹94 Cr

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹650 Cr

Sep 2023₹741 Cr

Dec 2023₹695 Cr

Mar 2024₹944 Cr

Jun 2024₹822 Cr

Sep 2024₹772 Cr

Dec 2024₹831 Cr

Mar 2025₹1.0K Cr

Jun 2025₹838 Cr

Sep 2025₹807 Cr

Dec 2025₹991 Cr

Mar 2026₹1.4K Cr

Jun 2026₹970 Cr

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹46 Cr

Mar 2024₹104 Cr

Jun 2024₹49 Cr

Sep 2024₹48 Cr

Dec 2024₹51 Cr

Mar 2025₹54 Cr

Jun 2025₹67 Cr

Sep 2025₹74 Cr

Dec 2025₹54 Cr

Mar 2026₹55 Cr

Jun 2026₹59 Cr

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹33 Cr

Dec 2023—

Mar 2024₹112 Cr

Jun 2024—

Sep 2024₹61 Cr

Dec 2024—

Mar 2025₹124 Cr

Jun 2025—

Sep 2025₹90 Cr

Dec 2025—

Mar 2026₹163 Cr

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹18 Cr

Mar 2025—

Jun 2025—

Sep 2025₹184 Cr

Dec 2025₹138 Cr

Mar 2026₹214 Cr

Jun 2026₹219 Cr

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹22 Cr

Jun 2025—

Sep 2025₹26 Cr

Dec 2025—

Mar 2026₹41 Cr

Jun 2026—

Interise Trust · INTERISE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹550 Cr

Dec 2022—

Mar 2023₹442 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹876 Cr

Sep 2024₹887 Cr

Dec 2024₹884 Cr

Mar 2025₹880 Cr

Jun 2025₹896 Cr

Sep 2025₹889 Cr

Dec 2025₹910 Cr

Mar 2026₹906 Cr

Jun 2026₹870 Cr

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹38 Cr

Mar 2025₹186 Cr

Jun 2025₹123 Cr

Sep 2025₹195 Cr

Dec 2025₹272 Cr

Mar 2026₹277 Cr

Jun 2026₹205 Cr

Univastu India Ltd · UNIVASTU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹27 Cr

Sep 2023₹25 Cr

Dec 2023₹30 Cr

Mar 2024₹39 Cr

Jun 2024₹28 Cr

Sep 2024₹42 Cr

Dec 2024₹42 Cr

Mar 2025₹40 Cr

Jun 2025₹29 Cr

Sep 2025₹48 Cr

Dec 2025₹56 Cr

Mar 2026₹109 Cr

Jun 2026₹104 Cr

Revenue growth · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-0.5%

Sep 2024-11%

Dec 20242.7%

Mar 2025-11%

Jun 20256.9%

Sep 20251.0%

Dec 2025-7.3%

Mar 2026-19%

Jun 2026-21%

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202328%

Mar 202424%

Jun 202438%

Sep 2024-18%

Dec 2024-25%

Mar 2025-14%

Jun 2025-4.0%

Sep 202533%

Dec 202534%

Mar 202624%

Jun 20262.7%

Brahmaputra Infrastructure Ltd · 535693

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202426%

Jun 202446%

Sep 2024-48%

Dec 2024-40%

Mar 202591%

Jun 202516%

Sep 2025184%

Dec 2025191%

Mar 2026-8.7%

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202426%

Sep 20244.2%

Dec 202420%

Mar 20257.2%

Jun 20252.0%

Sep 20254.5%

Dec 202519%

Mar 202637%

Jun 202616%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202411%

Mar 2025-48%

Jun 202537%

Sep 202554%

Dec 20255.9%

Mar 20261.9%

Jun 2026-12%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202485%

Dec 2024—

Mar 202511%

Jun 2025—

Sep 202548%

Dec 2025—

Mar 202631%

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025646%

Mar 2026—

Jun 2026—

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202686%

Jun 2026—

Interise Trust · INTERISE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20252.3%

Sep 20250.2%

Dec 20252.9%

Mar 20263.0%

Jun 2026-2.9%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025616%

Mar 202649%

Jun 202667%

Univastu India Ltd · UNIVASTU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20243.7%

Sep 202468%

Dec 202440%

Mar 20252.6%

Jun 20253.6%

Sep 202514%

Dec 202533%

Mar 2026173%

Jun 2026259%

08 · compare level, then change

Operating Economics & Margin Trend

Interise Trust has the highest OPM among the 11 Construction - Civil/Turnkey companies compared here, at 72%. HRS Aluglaze Ltd is next at 23%. HRS Aluglaze Ltd has the highest Margin change at +6 percentage points, so level and change sit with different companies. 11 of 11 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Interise Trust leads opm at 72%; HRS Aluglaze Ltd leads margin change at +6 percentage points.

LeaderInterise Trust · 72%

Gap213% versus #2 · HRS Aluglaze Ltd

Persistence4/8 recent comparable periods

Coverage11/11 companies · 135 observations

Investor read: Interise Trust 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

1Interise Trust INTERISE72%

2HRS Aluglaze Ltd 54465623%

3Brahmaputra Infrastructure Ltd 53569322%

4Denta Water & Infra Solutions Ltd DENTA⚠ unverified22%

5Effwa Infra & Research Ltd EFFWA⚠ unverified16%

Margin changefastest expanders

1HRS Aluglaze Ltd 544656+6.0 pp

2Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified+4.0 pp

3Ceigall India Ltd CEIGALL+2.0 pp

4B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified0.0 pp

5GHV Infra Projects Ltd 505504−0.0 pp

Operating margin · company comparison

11/11 level · 11/11 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Interise Trust INTERISE	72%	−3.0 pp	Jun 2026
HRS Aluglaze Ltd 544656	23%	+6.0 pp	Mar 2026
Brahmaputra Infrastructure Ltd 535693	22%	−8.0 pp	Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified	22%	−11.0 pp	Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified	16%	−2.0 pp	Mar 2026
Ceigall India Ltd CEIGALL	15%	+2.0 pp	Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified	15%	+4.0 pp	Jun 2026
Univastu India Ltd UNIVASTU	14%	−11.0 pp	Jun 2026
GHV Infra Projects Ltd 505504	11%	−0.0 pp	Jun 2026
Afcons Infrastructure Ltd AFCONS	9.0%	−4.0 pp	Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified	8.0%	0.0 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202310%

Sep 202310%

Dec 202312%

Mar 202410%

Jun 202411%

Sep 202412%

Dec 202411%

Mar 20259.0%

Jun 202513%

Sep 202511%

Dec 202514%

Mar 20261.6%

Jun 20269.0%

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 202111%

Dec 20219.5%

Mar 20221.5%

Jun 202211%

Sep 20227.1%

Dec 20229.0%

Mar 20238.0%

Jun 202310%

Sep 20239.0%

Dec 20237.0%

Mar 202410%

Jun 20249.0%

Sep 20248.0%

Dec 20242.6%

Mar 20252.5%

Jun 20258.0%

Sep 20256.0%

Dec 20259.0%

Mar 20267.0%

Jun 20268.0%

Brahmaputra Infrastructure Ltd · 535693

Sep 202123%

Dec 202122%

Mar 202216%

Jun 202214%

Sep 202222%

Dec 202225%

Mar 202319%

Jun 202316%

Sep 202318%

Dec 202327%

Mar 202418%

Jun 202416%

Sep 202415%

Dec 202414%

Mar 202530%

Jun 202524%

Sep 202525%

Dec 202523%

Mar 202622%

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202313%

Sep 202317%

Dec 202320%

Mar 202417%

Jun 202418%

Sep 202416%

Dec 202415%

Mar 202513%

Jun 202513%

Sep 202514%

Dec 202514%

Mar 202616%

Jun 202615%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202319%

Mar 202434%

Jun 202436%

Sep 202431%

Dec 202436%

Mar 202530%

Jun 202533%

Sep 202532%

Dec 202533%

Mar 202619%

Jun 202622%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20239.0%

Dec 2023—

Mar 202416%

Jun 2024—

Sep 202412%

Dec 2024—

Mar 202518%

Jun 2025—

Sep 202517%

Dec 2025—

Mar 202616%

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202420%

Mar 2025—

Jun 2025—

Sep 202512%

Dec 202520%

Mar 202618%

Jun 202611%

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202517%

Jun 2025—

Sep 202532%

Dec 2025—

Mar 202623%

Jun 2026—

Interise Trust · INTERISE

Sep 202164%

Dec 2021—

Mar 202240%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 2023-97%

Jun 2023—

Sep 202364%

Dec 2023—

Mar 202458%

Jun 202466%

Sep 202453%

Dec 202473%

Mar 202567%

Jun 202575%

Sep 202573%

Dec 202572%

Mar 202662%

Jun 202672%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202312%

Dec 2023—

Mar 202415%

Jun 2024—

Sep 202416%

Dec 202415%

Mar 202511%

Jun 202511%

Sep 202515%

Dec 202515%

Mar 202615%

Jun 202615%

Univastu India Ltd · UNIVASTU

Sep 202121%

Dec 2021-6.5%

Mar 202215%

Jun 202221%

Sep 202224%

Dec 202220%

Mar 20239.1%

Jun 202311%

Sep 202317%

Dec 202316%

Mar 202421%

Jun 202416%

Sep 202420%

Dec 202418%

Mar 202519%

Jun 202525%

Sep 202517%

Dec 202518%

Mar 202613%

Jun 202614%

Margin change · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024+1.0 pp

Sep 2024+2.0 pp

Dec 2024−1.0 pp

Mar 2025−1.0 pp

Jun 2025+2.0 pp

Sep 2025−1.0 pp

Dec 2025+3.0 pp

Mar 2026−7.4 pp

Jun 2026−4.0 pp

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021+1.9 pp

Dec 2021−0.9 pp

Mar 2022−5.8 pp

Jun 2022+1.1 pp

Sep 2022−4.1 pp

Dec 2022−0.5 pp

Mar 2023+6.5 pp

Jun 2023−1.1 pp

Sep 2023+1.9 pp

Dec 2023−2.0 pp

Mar 2024+2.0 pp

Jun 2024−1.0 pp

Sep 2024−1.0 pp

Dec 2024−4.4 pp

Mar 2025−7.5 pp

Jun 2025−1.0 pp

Sep 2025−2.0 pp

Dec 2025+6.4 pp

Mar 2026+4.5 pp

Jun 20260.0 pp

Brahmaputra Infrastructure Ltd · 535693

Sep 2021−29.4 pp

Dec 2021+14.9 pp

Mar 2022+14.3 pp

Jun 2022−2.7 pp

Sep 2022−1.4 pp

Dec 2022+2.8 pp

Mar 2023+2.7 pp

Jun 2023+1.6 pp

Sep 2023−3.9 pp

Dec 2023+2.2 pp

Mar 2024−1.0 pp

Jun 20240.0 pp

Sep 2024−3.0 pp

Dec 2024−13.0 pp

Mar 2025+12.0 pp

Jun 2025+8.0 pp

Sep 2025+10.0 pp

Dec 2025+9.0 pp

Mar 2026−8.0 pp

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024+5.0 pp

Sep 2024−1.0 pp

Dec 2024−5.0 pp

Mar 2025−4.0 pp

Jun 2025−5.0 pp

Sep 2025−2.0 pp

Dec 2025−1.0 pp

Mar 2026+3.0 pp

Jun 2026+2.0 pp

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024+17.0 pp

Mar 2025−4.0 pp

Jun 2025−3.0 pp

Sep 2025+1.0 pp

Dec 2025−3.0 pp

Mar 2026−11.0 pp

Jun 2026−11.0 pp

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+3.0 pp

Dec 2024—

Mar 2025+2.0 pp

Jun 2025—

Sep 2025+5.0 pp

Dec 2025—

Mar 2026−2.0 pp

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025−0.0 pp

Mar 2026—

Jun 2026—

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026+6.0 pp

Jun 2026—

Interise Trust · INTERISE

Sep 2021−0.9 pp

Dec 2021—

Mar 2022−11.6 pp

Jun 2022—

Sep 2022−49.5 pp

Dec 2022—

Mar 2023−137.2 pp

Jun 2023—

Sep 2023+49.6 pp

Dec 2023—

Mar 2024+155.0 pp

Jun 2024—

Sep 2024−10.6 pp

Dec 2024—

Mar 2025+9.0 pp

Jun 2025+9.0 pp

Sep 2025+20.0 pp

Dec 2025−1.0 pp

Mar 2026−5.0 pp

Jun 2026−3.0 pp

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+4.0 pp

Dec 2024—

Mar 2025−4.0 pp

Jun 2025—

Sep 2025−0.7 pp

Dec 20250.0 pp

Mar 2026+4.0 pp

Jun 2026+4.0 pp

Univastu India Ltd · UNIVASTU

Sep 2021−2.8 pp

Dec 2021−44.9 pp

Mar 2022−33.7 pp

Jun 2022−10.4 pp

Sep 2022+3.2 pp

Dec 2022+26.4 pp

Mar 2023−6.0 pp

Jun 2023−9.7 pp

Sep 2023−7.3 pp

Dec 2023−3.9 pp

Mar 2024+11.9 pp

Jun 2024+5.0 pp

Sep 2024+3.0 pp

Dec 2024+2.0 pp

Mar 2025−2.0 pp

Jun 2025+9.0 pp

Sep 2025−3.0 pp

Dec 20250.0 pp

Mar 2026−6.0 pp

Jun 2026−11.0 pp

09 · compare level, then change

Profit Scale & Acceleration

Ceigall India Ltd has the highest Net profit among the 11 Construction - Civil/Turnkey companies compared here, at ₹321 crore. Afcons Infrastructure Ltd is next at ₹143 crore. Brahmaputra Infrastructure 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: Ceigall India Ltd leads with ₹321 crore of TTM profit, 124.5% above Afcons Infrastructure Ltd. Brahmaputra Infrastructure Ltd shows ≥100% on the scoring scale (106.9% uncapped) growth from a ₹60 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCeigall India Ltd · ₹321 crore

Gap124.5% versus #2 · Afcons Infrastructure Ltd

Persistence3/8 recent comparable periods

Coverage9/11 companies · 110 observations

Investor read: Ceigall India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Ceigall India Ltd CEIGALL₹321 Cr

2Afcons Infrastructure Ltd AFCONS₹143 Cr

3Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified₹102 Cr

4Brahmaputra Infrastructure Ltd 535693₹60 Cr

5Denta Water & Infra Solutions Ltd DENTA⚠ unverified₹53 Cr

Profit growthfastest growers

1Brahmaputra Infrastructure Ltd 535693100%

2Interise Trust INTERISE100%

3Univastu India Ltd UNIVASTU82%

4Ceigall India Ltd CEIGALL24%

5Denta Water & Infra Solutions Ltd DENTA⚠ unverified-10%

Net profit · company comparison

9/11 level · 7/11 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Ceigall India Ltd CEIGALL	₹64 Cr	25%	Jun 2026
Interise Trust INTERISE	₹32 Cr	14%	Jun 2026
Afcons Infrastructure Ltd AFCONS	₹30 Cr	-78%	Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified	₹21 Cr	133%	Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified	₹18 Cr	20%	Mar 2026
Brahmaputra Infrastructure Ltd 535693	₹15 Cr	-32%	Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified	₹11 Cr	-42%	Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified	₹10 Cr	-9.1%	Jun 2026
Univastu India Ltd UNIVASTU	₹10 Cr	150%	Jun 2026
GHV Infra Projects Ltd 505504	₹7 Cr	392%	Jun 2026
HRS Aluglaze Ltd 544656	₹6 Cr	500%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹91 Cr

Sep 2023₹104 Cr

Dec 2023₹110 Cr

Mar 2024₹145 Cr

Jun 2024₹92 Cr

Sep 2024₹135 Cr

Dec 2024₹149 Cr

Mar 2025₹111 Cr

Jun 2025₹137 Cr

Sep 2025₹105 Cr

Dec 2025₹97 Cr

Mar 2026₹-89 Cr

Jun 2026₹30 Cr

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹37 Cr

Mar 2023₹-32 Cr

Jun 2023₹10 Cr

Sep 2023₹12 Cr

Dec 2023₹7 Cr

Mar 2024₹24 Cr

Jun 2024₹20 Cr

Sep 2024₹9 Cr

Dec 2024₹1 Cr

Mar 2025₹-3 Cr

Jun 2025₹11 Cr

Sep 2025₹-9 Cr

Dec 2025₹12 Cr

Mar 2026₹-13 Cr

Jun 2026₹10 Cr

Brahmaputra Infrastructure Ltd · 535693

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹2 Cr

Jun 2023₹4 Cr

Sep 2023₹4 Cr

Dec 2023₹5 Cr

Mar 2024₹4 Cr

Jun 2024₹7 Cr

Sep 2024₹0 Cr

Dec 2024₹0 Cr

Mar 2025₹22 Cr

Jun 2025₹15 Cr

Sep 2025₹15 Cr

Dec 2025₹15 Cr

Mar 2026₹15 Cr

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹44 Cr

Sep 2023₹74 Cr

Dec 2023₹78 Cr

Mar 2024₹108 Cr

Jun 2024₹78 Cr

Sep 2024₹66 Cr

Dec 2024₹71 Cr

Mar 2025₹72 Cr

Jun 2025₹51 Cr

Sep 2025₹56 Cr

Dec 2025₹72 Cr

Mar 2026₹129 Cr

Jun 2026₹64 Cr

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹7 Cr

Mar 2024₹27 Cr

Jun 2024₹13 Cr

Sep 2024₹11 Cr

Dec 2024₹15 Cr

Mar 2025₹14 Cr

Jun 2025₹19 Cr

Sep 2025₹19 Cr

Dec 2025₹14 Cr

Mar 2026₹9 Cr

Jun 2026₹11 Cr

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹1 Cr

Dec 2023—

Mar 2024₹13 Cr

Jun 2024—

Sep 2024₹5 Cr

Dec 2024—

Mar 2025₹15 Cr

Jun 2025—

Sep 2025₹10 Cr

Dec 2025—

Mar 2026₹18 Cr

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹3 Cr

Mar 2025—

Jun 2025—

Sep 2025₹11 Cr

Dec 2025₹15 Cr

Mar 2026₹18 Cr

Jun 2026₹7 Cr

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹1 Cr

Jun 2025—

Sep 2025₹5 Cr

Dec 2025—

Mar 2026₹6 Cr

Jun 2026—

Interise Trust · INTERISE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹-84 Cr

Dec 2022—

Mar 2023₹-591 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹-8 Cr

Sep 2024₹-149 Cr

Dec 2024₹31 Cr

Mar 2025₹55 Cr

Jun 2025₹28 Cr

Sep 2025₹37 Cr

Dec 2025₹31 Cr

Mar 2026₹-53 Cr

Jun 2026₹32 Cr

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹4 Cr

Mar 2025₹18 Cr

Jun 2025₹9 Cr

Sep 2025₹22 Cr

Dec 2025₹29 Cr

Mar 2026₹30 Cr

Jun 2026₹21 Cr

Univastu India Ltd · UNIVASTU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹1 Cr

Sep 2023₹2 Cr

Dec 2023₹2 Cr

Mar 2024₹5 Cr

Jun 2024₹2 Cr

Sep 2024₹4 Cr

Dec 2024₹5 Cr

Mar 2025₹4 Cr

Jun 2025₹4 Cr

Sep 2025₹5 Cr

Dec 2025₹6 Cr

Mar 2026₹10 Cr

Jun 2026₹10 Cr

Profit growth · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20241.1%

Sep 202430%

Dec 202435%

Mar 2025-23%

Jun 202549%

Sep 2025-22%

Dec 2025-35%

Mar 2026-180%

Jun 2026-78%

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-81%

Mar 2024—

Jun 2024100%

Sep 2024-25%

Dec 2024-86%

Mar 2025-113%

Jun 2025-45%

Sep 2025-200%

Dec 20251,100%

Mar 2026—

Jun 2026-9.1%

Brahmaputra Infrastructure Ltd · 535693

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024100%

Jun 202475%

Sep 2024-100%

Dec 2024-100%

Mar 2025450%

Jun 2025114%

Sep 2025—

Dec 2025—

Mar 2026-32%

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202477%

Sep 2024-11%

Dec 2024-9.0%

Mar 2025-33%

Jun 2025-35%

Sep 2025-15%

Dec 20251.4%

Mar 202679%

Jun 202625%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024114%

Mar 2025-48%

Jun 202546%

Sep 202573%

Dec 2025-6.7%

Mar 2026-36%

Jun 2026-42%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024400%

Dec 2024—

Mar 202515%

Jun 2025—

Sep 2025100%

Dec 2025—

Mar 202620%

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025392%

Mar 2026—

Jun 2026—

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026500%

Jun 2026—

Interise Trust · INTERISE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20250.0%

Mar 2026-196%

Jun 202614%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025625%

Mar 202667%

Jun 2026133%

Univastu India Ltd · UNIVASTU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024100%

Sep 2024100%

Dec 2024150%

Mar 2025-20%

Jun 2025100%

Sep 202525%

Dec 202520%

Mar 2026150%

Jun 2026150%

10 · compare level, then change

Return On Capital Employed

Sathlokhar Synergys E&C Global Ltd has the highest ROCE among the 11 Construction - Civil/Turnkey companies compared here, at 36.3%. Univastu India Ltd is next at 30%. Brahmaputra Infrastructure Ltd has the highest ROCE change at +7 percentage points, so level and change sit with different companies. 10 of 11 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Sathlokhar Synergys E&C Global Ltd leads ROCE at 36.3%, 6.3 percentage points above Univastu India Ltd. Brahmaputra Infrastructure Ltd has the strongest latest improvement at +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.

LeaderSathlokhar Synergys E&C Global Ltd · 36.3%

Gap21% versus #2 · Univastu India Ltd

Persistence0/3 recent comparable periods

Coverage10/11 companies · 47 observations

Investor read: Sathlokhar Synergys E&C Global 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

1Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified36%

2Univastu India Ltd UNIVASTU30%

3Effwa Infra & Research Ltd EFFWA⚠ unverified29%

4HRS Aluglaze Ltd 54465619%

5Denta Water & Infra Solutions Ltd DENTA⚠ unverified19%

ROCE changefastest improvers

1Brahmaputra Infrastructure Ltd 535693+7.0 pp

2B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified+5.5 pp

3Univastu India Ltd UNIVASTU+3.0 pp

4Interise Trust INTERISE+2.0 pp

5Effwa Infra & Research Ltd EFFWA⚠ unverified+0.1 pp

Return on capital · company comparison

10/11 level · 10/11 change

Withheld from this chart: Ceigall India Ltd (CEIGALL) — its two data sources disagree by up to 3.3% on reported income across 12 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

Company	ROCE	ROCE change	Reported
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified	60%	−5.1 pp	Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified	31%	+0.1 pp	Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified	16%	−0.6 pp	Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified	13%	+5.5 pp	Jun 2026
Afcons Infrastructure Ltd AFCONS	8.6%	−1.7 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20236.5%

Dec 2023—

Mar 202414%

Jun 202414%

Sep 202413%

Dec 202420%

Mar 202510%

Jun 202518%

Sep 202511%

Dec 202516%

Mar 20268.6%

Jun 2026—

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 202114%

Dec 2021—

Mar 202212%

Jun 2022—

Sep 202212%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202314%

Dec 202310%

Mar 202416%

Jun 202420%

Sep 202414%

Dec 202418%

Mar 20257.8%

Jun 202513%

Sep 20256.9%

Dec 202513%

Mar 202613%

Jun 2026—

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20239.4%

Sep 2023—

Dec 2023—

Mar 202434%

Jun 2024—

Sep 202441%

Dec 202459%

Mar 202517%

Jun 202527%

Sep 202519%

Dec 202528%

Mar 202616%

Jun 2026—

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202453%

Jun 2024—

Sep 202430%

Dec 2024—

Mar 202530%

Jun 2025—

Sep 202536%

Dec 2025—

Mar 202631%

Jun 2026—

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202350%

Mar 202486%

Jun 202429%

Sep 202435%

Dec 2024—

Mar 202526%

Jun 202526%

Sep 202530%

Dec 202560%

Mar 2026—

Jun 2026—

ROCE change · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+6.8 pp

Dec 2024—

Mar 2025−3.6 pp

Jun 2025+4.5 pp

Sep 2025−2.5 pp

Dec 2025−4.1 pp

Mar 2026−1.7 pp

Jun 2026—

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.0 pp

Dec 2022—

Mar 2023+2.9 pp

Jun 2023—

Sep 2023+2.6 pp

Dec 2023—

Mar 2024+0.7 pp

Jun 2024—

Sep 2024+0.1 pp

Dec 2024+7.5 pp

Mar 2025−7.9 pp

Jun 2025−7.2 pp

Sep 2025−7.3 pp

Dec 2025−4.3 pp

Mar 2026+5.5 pp

Jun 2026—

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−17.2 pp

Jun 2025—

Sep 2025−22.4 pp

Dec 2025−30.3 pp

Mar 2026−0.6 pp

Jun 2026—

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−22.3 pp

Jun 2025—

Sep 2025+6.1 pp

Dec 2025—

Mar 2026+0.1 pp

Jun 2026—

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−59.9 pp

Jun 2025−3.0 pp

Sep 2025−5.1 pp

Dec 2025—

Mar 2026—

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

Afcons Infrastructure Ltd has the lowest PEG among the 11 Construction - Civil/Turnkey companies compared here, at 0.82×. Brahmaputra Infrastructure Ltd has the lowest P/E at 8.04×, so level and change sit with different companies. 1 of 11 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Afcons Infrastructure Ltd has the lowest comparable PEG at 0.82×. Only 1 of 11 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAfcons Infrastructure Ltd · 0.82×

GapNot enough peers

Persistence0/7 recent comparable periods

Coverage1/11 companies · 2 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Afcons Infrastructure Ltd AFCONS0.8

P/Elowest P/E

1Brahmaputra Infrastructure Ltd 5356938.0

2Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified10.0

3Denta Water & Infra Solutions Ltd DENTA⚠ unverified13.8

4Univastu India Ltd UNIVASTU16.4

5Ceigall India Ltd CEIGALL20.8

Valuation · company comparison

1/11 level · 11/11 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Afcons Infrastructure Ltd AFCONS	0.8	37.7	Jun 2026
GHV Infra Projects Ltd 505504	—	31.0	Jun 2026
Brahmaputra Infrastructure Ltd 535693	—	6.6	Mar 2026
HRS Aluglaze Ltd 544656	—	50.0	Mar 2026
Ceigall India Ltd CEIGALL	—	21.4	Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified	—	32.7	Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified	—	10.2	Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified	—	16.6	Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified	—	14.2	Jun 2026
Univastu India Ltd UNIVASTU	—	13.3	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20241.5

Mar 2025—

Jun 20250.8

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Afcons Infrastructure Ltd · AFCONS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202439.3

Mar 202536.2

Jun 202532.2

Sep 202529.7

Dec 202528.5

Mar 202620.3

Jun 202637.7

B.L.Kashyap & Sons Ltd · BLKASHYAP⚠ unverified

Sep 2021-48.3

Dec 2021-59.4

Mar 202213.6

Jun 202228.3

Sep 202226.4

Dec 202254.8

Mar 202320.0

Jun 202320.3

Sep 202330.3

Dec 202327.6

Mar 202453.2

Jun 202438.7

Sep 202436.2

Dec 202431.2

Mar 202523.1

Jun 202570.7

Sep 202584.4

Dec 202579.5

Mar 2026116.3

Jun 202632.7

Brahmaputra Infrastructure Ltd · 535693

Sep 202115.2

Dec 202114.8

Mar 20226.1

Jun 20225.0

Sep 202216.4

Dec 202211.5

Mar 20238.9

Jun 202311.0

Sep 202311.5

Dec 202314.4

Mar 202414.4

Jun 202417.8

Sep 202410.2

Dec 20249.3

Mar 20259.2

Jun 20256.8

Sep 20256.6

Dec 20257.3

Mar 20266.6

Jun 2026—

Ceigall India Ltd · CEIGALL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202420.1

Dec 202416.7

Mar 202512.7

Jun 202514.5

Sep 202517.1

Dec 202517.5

Mar 202618.0

Jun 202621.4

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20259.1

Jun 202511.4

Sep 202517.4

Dec 202512.4

Mar 20269.6

Jun 202614.2

Effwa Infra & Research Ltd · EFFWA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202433.2

Dec 2024—

Mar 202518.3

Jun 2025—

Sep 202524.6

Dec 2025—

Mar 202616.6

Jun 2026—

GHV Infra Projects Ltd · 505504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026117.2

Jun 202631.0

HRS Aluglaze Ltd · 544656

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202650.0

Jun 2026—

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20243.5

Dec 20243.7

Mar 20253.4

Jun 202522.1

Sep 202533.6

Dec 202520.1

Mar 202613.5

Jun 202610.2

Univastu India Ltd · UNIVASTU

Sep 20214.2

Dec 20215.5

Mar 20228.2

Jun 202213.6

Sep 202229.6

Dec 202224.6

Mar 202314.4

Jun 202318.0

Sep 202316.4

Dec 202319.3

Mar 202434.3

Jun 202430.2

Sep 202430.6

Dec 202430.4

Mar 202521.8

Jun 202526.6

Sep 202523.4

Dec 202518.7

Mar 202613.8

Jun 202613.3

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Construction - Civil/Turnkey comparison names 7 specific ways its own evidence can mislead, all listed below. All 11 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 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.
4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
Thin comparisons: Valuation have fewer than three usable current readings.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 11 Construction - Civil/Turnkey companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-25. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-25 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing1 cross-checked · 9 unverified · 1 withheld, of 11 graded companies.

How a second data feed is admitted, and what happens when it disagrees

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.

14 · questions investors ask, short speakable answers

Construction - Civil/Turnkey company comparison FAQs

These 24 answers restate the Construction - Civil/Turnkey comparison above in question form. Every one is computed from the same 11 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Construction - Civil/Turnkey sector outperforming NIFTY 500?

Which Construction - Civil/Turnkey company is largest by revenue?

Afcons Infrastructure Ltd leads with revenue of ₹11,249 crore, based on 9 of 11 comparable companies through Jun 2026.

Which Construction - Civil/Turnkey company is growing fastest?

Univastu India Ltd has the fastest current revenue growth at 100%, across 7 of 11 comparable companies.

Which Construction - Civil/Turnkey company has the strongest 4-Factor Sector Score?

Univastu India Ltd ranks first at 64.3/100 with 67.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Construction - Civil/Turnkey company has the lowest comparable PEG?

Afcons Infrastructure Ltd has the lowest comparable PEG at 0.82, among 1 of 11 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Construction - Civil/Turnkey comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Construction - Civil/Turnkey index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Construction - Civil/Turnkey, this page builds its own equal-weight basket of 11 listed Construction - Civil/Turnkey companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Construction - Civil/Turnkey stocks in India?

Ranked by this page's four-factor score, Univastu India Ltd places first among 11 listed Construction - Civil/Turnkey companies, followed by Brahmaputra Infrastructure Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Construction - Civil/Turnkey stocks are listed in India?

This comparison covers 11 listed Construction - Civil/Turnkey companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Construction - Civil/Turnkey company is the biggest?

Afcons Infrastructure Ltd is the largest, with trailing-twelve-month revenue of ₹11,249 crore, ahead of Ceigall India Ltd at ₹4,155 crore. That covers 9 of 11 companies with comparable reporting through Jun 2026.

Which Construction - Civil/Turnkey company has the best profit margins?

Interise Trust has the highest operating margin at 72%, from 11 of 11 comparable companies. HRS Aluglaze Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Construction - Civil/Turnkey company makes the most profit?

Ceigall India Ltd earns the most, at ₹321 crore of trailing-twelve-month net profit, from 9 of 11 comparable companies. Brahmaputra Infrastructure Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Construction - Civil/Turnkey company earns the highest return on capital?

Sathlokhar Synergys E&C Global Ltd leads on return on capital employed at 36.3%, across 10 of 11 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Construction - Civil/Turnkey stock is the cheapest?

On PEG — where a LOWER number is cheaper — Afcons Infrastructure Ltd screens cheapest at 0.82×. Only 1 of 11 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Construction - Civil/Turnkey sector beating the market?

Construction - Civil/Turnkey has outperformed NIFTY 500 by 14.5% over the last 52 weeks and 11.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Construction - Civil/Turnkey stock has the strongest price momentum?

Univastu India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Construction - Civil/Turnkey company scores highest for research priority?

Univastu India Ltd scores 64.3 out of 100 with 67.3% evidence confidence, from 23.6 points on growth and earnings, 18.2 on capital efficiency, 10 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Construction - Civil/Turnkey companies does this comparison cover, and over what period?

It compares 11 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Construction - Civil/Turnkey sector?

The 11 Construction - Civil/Turnkey companies on this page carry ₹35,136 crore of combined market value. Interise Trust is the largest at ₹11,659 crore, about 33% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

What is the Construction - Civil/Turnkey sector's P/E ratio?

The median price-to-earnings ratio across the 11 Construction - Civil/Turnkey companies on this page is 28.8×, measured on the 11 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 2026-09-28.

How is the Construction - Civil/Turnkey sector performing?

7 of the 9 covered Construction - Civil/Turnkey companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 14.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

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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