Capital Goods - Engineering Heavy Stocks in India
Capital Goods - Engineering Heavy: Bharat Heavy Electricals Ltd owns the largest revenue base; Concord Control Systems Ltd has the fastest current growth.
Nifty Capital Goods - Engineering Heavy Index — Constituents & Performance
The Capital Goods - Engineering Heavy companies below are the listed Indian Capital Goods - Engineering Heavy universe this page tracks — the same constituent set people search for as the Nifty Capital Goods - Engineering Heavy 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.
How has Capital Goods - Engineering Heavy 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 7% ahead of NIFTY 500. Earnings across its companies fell 4% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
RS ↑17w · 9/16 >200d (−2) · 5/16 lead (−5) · EPS 8/16↑
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 16 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.
Is Capital Goods - Engineering Heavy outperforming NIFTY 500?
Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 8.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.7%. 8 of 16 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. John Cockerill India Ltd is the strongest against the sector itself at +28.1%.
Sector metric: 48.1 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
Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 8.4% over 52 weeks and 4.7% over 13 weeks. 8 of 16 covered companies beat NIFTY on Mansfield relative strength, while 7 of 16 beat the sector itself. Bharat Heavy Electricals Ltd leads with revenue of ₹35,993 crore, based on 16 of 16 comparable companies through Jun 2026.
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.
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 |
|---|---|---|---|---|---|---|
| 1JNK India LtdJNKINDIA | 75.3/100Favorable setup79% evidence | LEADER | 30.3/35 Revenue 71.5% · PAT 100% · OPM change 6 pp 88% evidence | 15.6/25 ROCE 17.4% · OPM 14% 100% evidence | 10.2/20 P/E 37.7× · PEG — 15% evidence | 19.2/20 RS sector 24.3% · RS bench 39.1% · 1Y 33.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 30.3 + 15.6 + 10.2 + 19.2 = 75.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Suzlon Energy LtdSUZLON | 67.0/100Favorable setup94% evidence | ASLEEP | 24.4/35 Revenue 45.2% · PAT 50.1% · OPM change -3 pp 100% evidence | 16.9/25 ROCE 35.1% · OPM 16% 100% evidence | 19.3/20 P/E 20.8× · PEG 0.47 100% evidence | 6.4/20 RS sector -7.6% · RS bench -9.8% · 1Y -24.5%7 of 10 weeks ahead 70% evidence |
| Exact sum: 24.4 + 16.9 + 19.3 + 6.4 = 67 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7.6% and the one-year return is -24.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 3Disa India LtdDISAQ | 63.5/100Mixed-positive evidence77% evidence | ASLEEP | 18.2/35 Revenue 9.2% · PAT 6% · OPM change 0 pp 83% evidence | 21.3/25 ROCE 26.6% · OPM 17% 95% evidence | 12.7/20 P/E 31.6× · PEG — 50% evidence | 11.3/20 RS sector 3% · RS bench -3.9% · 1Y -14.3%0 of 7 weeks ahead 70% evidence |
| Exact sum: 18.2 + 21.3 + 12.7 + 11.3 = 63.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Concord Control Systems Ltd543619 | 59.3/100Mixed-positive evidence66% evidence | FADING | 21.5/35 Revenue 100% · PAT 100% · OPM change 10 pp 48% evidence | 21.1/25 ROCE 30.6% · OPM 30% 76% evidence | 8.9/20 P/E 62.1× · PEG — 50% evidence | 7.8/20 RS sector -2.5% · RS bench 11.3% · 1Y 131.9%8 of 12 weeks ahead 100% evidence |
| Exact sum: 21.5 + 21.1 + 8.9 + 7.8 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Bharat Heavy Electricals LtdBHEL | 59.2/100Mixed-positive evidence67% evidence | LEADER | 25.1/35 Revenue 27% · PAT 100% · OPM change 17 pp 71% evidence | 8.3/25 ROCE 9.1% · OPM 7% 76% evidence | 9.6/20 P/E 58.3× · PEG — 15% evidence | 16.2/20 RS sector 19.6% · RS bench 35% · 1Y 69.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.1 + 8.3 + 9.6 + 16.2 = 59.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6John Cockerill India LtdCOCKERILL | 55.6/100Mixed-positive evidence65% evidence | TURNING | 23.6/35 Revenue 62.6% · PAT 100% · OPM change 2.1 pp 65% evidence | 6.1/25 ROCE 9.4% · OPM 1.4% 100% evidence | 9.1/20 P/E 215.9× · PEG — 15% evidence | 16.8/20 RS sector 28.1% · RS bench 46.6% · 1Y 98.9%8 of 8 weeks ahead 70% evidence |
| Exact sum: 23.6 + 6.1 + 9.1 + 16.8 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Walchandnagar Industries LtdWALCHANNAG | 49.5/100Mixed-negative evidence65% evidence | FADING | 22.1/35 Revenue 6.2% · PAT 82.9% · OPM change 93.2 pp 62% evidence | 5.0/25 ROCE 4.2% · OPM 4.5% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.4/20 RS sector 3.2% · RS bench 16.4% · 1Y 13%10 of 12 weeks ahead 100% evidence |
| Exact sum: 22.1 + 5 + 10 + 12.4 = 49.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Eimco Elecon (India) LtdEIMCOELECO | 49.1/100Mixed-negative evidence73% evidence | TURNING | 14.1/35 Revenue -14.6% · PAT -4.1% · OPM change 3 pp 71% evidence | 14.4/25 ROCE 13.2% · OPM 20% 95% evidence | 9.5/20 P/E 26.8× · PEG — 50% evidence | 11.1/20 RS sector 0.5% · RS bench 1.2% · 1Y -24.2%3 of 10 weeks ahead 70% evidence |
| Exact sum: 14.1 + 14.4 + 9.5 + 11.1 = 49.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9The Anup Engineering LtdANUP | 46.8/100Mixed-negative evidence83% evidence | TURNING | 13.2/35 Revenue 12.1% · PAT -6.7% · OPM change -4 pp 88% evidence | 21.1/25 ROCE 20.7% · OPM 18% 100% evidence | 4.8/20 P/E 39× · PEG 5.03 65% evidence | 7.7/20 RS sector -11.6% · RS bench 2.1% · 1Y -18.3%7 of 10 weeks ahead 70% evidence |
| Exact sum: 13.2 + 21.1 + 4.8 + 7.7 = 46.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 10Integra Engineering India Ltd505358 | 39.8/100Mixed-negative evidence75% evidence | ASLEEP | 9.4/35 Revenue 1.7% · PAT -16.6% · OPM change -3.5 pp 95% evidence | 17.6/25 ROCE 18.5% · OPM 16.4% 76% evidence | 10.0/20 P/E 38.5× · PEG — 15% evidence | 2.8/20 RS sector -27.3% · RS bench -17.2% · 1Y -32.9%9 of 12 weeks ahead 100% evidence |
| Exact sum: 9.4 + 17.6 + 10 + 2.8 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Kabra Extrusion Technik LtdKABRAEXTRU | 38.8/100Mixed-negative evidence66% evidence | TURNING | 14.7/35 Revenue 3.1% · PAT -80% · OPM change 8.4 pp 71% evidence | 4.7/25 ROCE 0.1% · OPM 5% 95% evidence | 8.7/20 P/E 1973× · PEG — 15% evidence | 10.7/20 RS sector -6.2% · RS bench 57.8% · 1Y 35.8%4 of 10 weeks ahead 70% evidence |
| Exact sum: 14.7 + 4.7 + 8.7 + 10.7 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Inox Wind LtdINOXWIND | 38.3/100Mixed-negative evidence83% evidence | ASLEEP | 14.5/35 Revenue 23.5% · PAT 5.9% · OPM change -4 pp 88% evidence | 7.8/25 ROCE 10.5% · OPM 16% 100% evidence | 12.8/20 P/E 33.3× · PEG 1.22 65% evidence | 3.2/20 RS sector -28.6% · RS bench -31.6% · 1Y -50%0 of 10 weeks ahead 70% evidence |
| Exact sum: 14.5 + 7.8 + 12.8 + 3.2 = 38.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Hercules Investments LtdHERCULES | 38.1/100Thin evidence · provisional55% evidence | 13.8/35 Revenue -80% · PAT -74.3% · OPM change 3.7 pp 45% evidence | 7.8/25 ROCE 5.7% · OPM — 60% evidence | 12.7/20 P/E 8.6× · PEG — 50% evidence | 3.8/20 RS sector -23.6% · RS bench -33% · 1Y -46.5%0 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 13.8 + 7.8 + 12.7 + 3.8 = 38.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14Windsor Machines LtdWINDMACHIN | 37.0/100Mixed-negative evidence65% evidence | ASLEEP | 17.9/35 Revenue 54.7% · PAT 45.8% · OPM change -3.2 pp 65% evidence | 3.5/25 ROCE 2.1% · OPM 5.9% 100% evidence | 8.5/20 P/E 2421× · PEG — 15% evidence | 7.1/20 RS sector -10.1% · RS bench -1.2% · 1Y -17.6%7 of 10 weeks ahead 70% evidence |
| Exact sum: 17.9 + 3.5 + 8.5 + 7.1 = 37 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Bajaj Steel Industries LtdBAJAJST | 33.7/100Adverse evidence77% evidence | ASLEEP | 7.0/35 Revenue -10.4% · PAT -56.2% · OPM change -10.9 pp 83% evidence | 13.4/25 ROCE 11.7% · OPM 4.8% 95% evidence | 8.5/20 P/E 22.3× · PEG — 50% evidence | 4.8/20 RS sector -20% · RS bench -15.9% · 1Y -32.2%0 of 7 weeks ahead 70% evidence |
| Exact sum: 7 + 13.4 + 8.5 + 4.8 = 33.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Praj Industries LtdPRAJIND | 22.3/100Adverse evidence90% evidence | ASLEEP | 5.1/35 Revenue -1.9% · PAT -80% · OPM change -6.2 pp 88% evidence | 6.9/25 ROCE 6.1% · OPM 2.8% 100% evidence | 0.5/20 P/E 288× · PEG 4.5 100% evidence | 9.8/20 RS sector 1.4% · RS bench -11% · 1Y -35.5%4 of 10 weeks ahead 70% evidence |
| Exact sum: 5.1 + 6.9 + 0.5 + 9.8 = 22.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Market action
Concord Control Systems Ltd has the strongest one-year price move in Capital Goods - Engineering Heavy at +131.9%. Kabra Extrusion Technik Ltd leads on Mansfield relative strength against NIFTY at +57.8%. 8 of 16 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
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.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Capital Goods - Engineering Heavy itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Revenue Scale & Growth Durability
Bharat Heavy Electricals Ltd has the highest Revenue among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹35,993 crore. Suzlon Energy Ltd is next at ₹17,429 crore. Concord Control Systems 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: Bharat Heavy Electricals Ltd is the scale leader at ₹35,993 crore, 106.5% ahead of Suzlon Energy Ltd. Concord Control Systems Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 194.7% from a ₹336 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Bharat Heavy Electricals Ltd is the scale benchmark; Concord Control Systems Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Bharat Heavy Electricals Ltd's growth falls below Concord Control Systems Ltd's for two consecutive comparable reports while operating margin also compresses.
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 |
|---|---|---|---|
| Bharat Heavy Electricals Ltd BHEL | ₹7.7K Cr | 40% | Jun 2026 |
| Suzlon Energy Ltd SUZLON | ₹3.8K Cr | 22% | Jun 2026 |
| Inox Wind Ltd INOXWIND | ₹1.2K Cr | -2.4% | Mar 2026 |
| Praj Industries Ltd PRAJIND | ₹845 Cr | -1.7% | Mar 2026 |
| John Cockerill India Ltd COCKERILL | ₹345 Cr | 56% | Mar 2026 |
| JNK India Ltd JNKINDIA | ₹338 Cr | 77% | Mar 2026 |
| The Anup Engineering Ltd ANUP | ₹208 Cr | -6.3% | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | ₹185 Cr | 53% | Mar 2026 |
| Concord Control Systems Ltd 543619 | ₹129 Cr | 72% | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | ₹124 Cr | 45% | Jun 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹117 Cr | -24% | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | ₹93 Cr | 75% | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹91 Cr | -16% | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | ₹63 Cr | 37% | Jun 2026 |
| Integra Engineering India Ltd 505358 | ₹44 Cr | -3.1% | Jun 2026 |
| Hercules Investments Ltd HERCULES | ₹0 Cr | -100% | Sep 2025 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Revenue growth · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Operating Economics & Margin Trend
Concord Control Systems Ltd has the highest OPM among the 16 Capital Goods - Engineering Heavy companies compared here, at 30%. Eimco Elecon (India) Ltd is next at 20%. Walchandnagar Industries Ltd has the highest Margin change at +93.2 percentage points, so level and change sit with different companies. Its OPM series carries 10 reported observations across the 20-quarter window.
What the numbers say: Concord Control Systems Ltd leads opm at 30%; Walchandnagar Industries Ltd leads margin change at +93.2 percentage points.
Investor read: Concord Control Systems 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.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Concord Control Systems Ltd 543619 | 30% | +10.0 pp | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | 20% | +3.0 pp | Jun 2026 |
| The Anup Engineering Ltd ANUP | 18% | −4.0 pp | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | 17% | 0.0 pp | Mar 2026 |
| Integra Engineering India Ltd 505358 | 16% | −3.5 pp | Jun 2026 |
| Suzlon Energy Ltd SUZLON | 16% | −3.0 pp | Jun 2026 |
| Inox Wind Ltd INOXWIND | 16% | −4.0 pp | Mar 2026 |
| Hercules Investments Ltd HERCULES | 15% | +3.7 pp | Sep 2025 |
| JNK India Ltd JNKINDIA | 14% | +6.0 pp | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | 7.0% | +17.0 pp | Jun 2026 |
| Windsor Machines Ltd WINDMACHIN | 5.9% | −3.2 pp | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | 5.0% | +8.4 pp | Jun 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | 4.8% | −10.9 pp | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | 4.5% | +93.2 pp | Mar 2026 |
| Praj Industries Ltd PRAJIND | 2.8% | −6.2 pp | Mar 2026 |
| John Cockerill India Ltd COCKERILL | 1.4% | +2.1 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Margin change · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Profit Scale & Acceleration
Suzlon Energy Ltd has the highest Net profit among the 16 Capital Goods - Engineering Heavy companies compared here, at ₹3,143 crore. Bharat Heavy Electricals Ltd is next at ₹2,432 crore. Concord Control Systems 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: Suzlon Energy Ltd leads with ₹3,143 crore of TTM profit, 29.2% above Bharat Heavy Electricals Ltd. Concord Control Systems Ltd shows ≥100% on the scoring scale (250% uncapped) growth from a ₹63 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Suzlon Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Bharat Heavy Electricals Ltd BHEL | ₹377 Cr | 156% | Jun 2026 |
| Suzlon Energy Ltd SUZLON | ₹305 Cr | -5.9% | Jun 2026 |
| Inox Wind Ltd INOXWIND | ₹106 Cr | -44% | Mar 2026 |
| JNK India Ltd JNKINDIA | ₹33 Cr | 154% | Mar 2026 |
| The Anup Engineering Ltd ANUP | ₹27 Cr | -16% | Mar 2026 |
| Concord Control Systems Ltd 543619 | ₹25 Cr | 79% | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | ₹13 Cr | 0.0% | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | ₹13 Cr | 117% | Jun 2026 |
| Praj Industries Ltd PRAJIND | ₹12 Cr | -70% | Mar 2026 |
| John Cockerill India Ltd COCKERILL | ₹7 Cr | -180% | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | ₹7 Cr | -107% | Mar 2026 |
| Hercules Investments Ltd HERCULES | ₹5 Cr | 96% | Sep 2025 |
| Integra Engineering India Ltd 505358 | ₹5 Cr | -11% | Jun 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | ₹3 Cr | -106% | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | ₹2 Cr | -87% | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | ₹-2 Cr | -36% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Profit growth · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Return On Capital Employed
Suzlon Energy Ltd has the highest ROCE among the 16 Capital Goods - Engineering Heavy companies compared here, at 35.1%. Concord Control Systems Ltd is next at 30.6%. Walchandnagar Industries Ltd has the highest ROCE change at +18.6 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: Suzlon Energy Ltd leads ROCE at 35.1%, 4.5 percentage points above Concord Control Systems Ltd. Walchandnagar Industries Ltd has the strongest latest improvement at +18.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
Investor read: Suzlon Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
Withheld from this chart: Bharat Heavy Electricals Ltd (BHEL) — its two data sources disagree by up to 347% on reported income across 15 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 |
|---|---|---|---|
| Suzlon Energy Ltd SUZLON | 26% | +3.4 pp | Jun 2026 |
| Disa India Ltd DISAQ⚠ unverified | 20% | −0.5 pp | Mar 2026 |
| The Anup Engineering Ltd ANUP | 20% | −2.5 pp | Mar 2026 |
| JNK India Ltd JNKINDIA | 14% | +6.6 pp | Mar 2026 |
| John Cockerill India Ltd COCKERILL | 9.4% | +12.6 pp | Mar 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | 9.4% | −9.4 pp | Mar 2026 |
| Inox Wind Ltd INOXWIND | 8.3% | −1.7 pp | Mar 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | 7.8% | −3.5 pp | Jun 2026 |
| Praj Industries Ltd PRAJIND | 3.9% | −11.0 pp | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | 2.6% | +18.6 pp | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | 1.7% | +1.0 pp | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | -0.3% | −7.6 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Bajaj Steel Industries Ltd · BAJAJST⚠ unverified
Disa India Ltd · DISAQ⚠ unverified
Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
ROCE change · reported quarter history
Bajaj Steel Industries Ltd · BAJAJST⚠ unverified
Disa India Ltd · DISAQ⚠ unverified
Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
Valuation Against Growth & Quality
Suzlon Energy Ltd has the lowest PEG among the 16 Capital Goods - Engineering Heavy companies compared here, at 0.47×. Inox Wind Ltd is next at 1.22×. Hercules Investments Ltd has the lowest P/E at 8.55×, so level and change sit with different companies. 4 of 16 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Suzlon Energy Ltd has the lowest comparable PEG at 0.47×, 61.5% below Inox Wind Ltd. Only 4 of 16 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.
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.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| The Anup Engineering Ltd ANUP | 5.0 | 28.8 | Mar 2026 |
| Praj Industries Ltd PRAJIND | 4.5 | 78.8 | Mar 2026 |
| Inox Wind Ltd INOXWIND | 1.2 | 25.0 | Mar 2026 |
| Suzlon Energy Ltd SUZLON | 0.5 | 24.5 | Jun 2026 |
| Integra Engineering India Ltd 505358 | — | 48.3 | Jun 2026 |
| Concord Control Systems Ltd 543619 | — | 64.0 | Mar 2026 |
| Bharat Heavy Electricals Ltd BHEL | — | 87.5 | Jun 2026 |
| John Cockerill India Ltd COCKERILL | — | 109.4 | Mar 2026 |
| Windsor Machines Ltd WINDMACHIN | — | -620.6 | Mar 2026 |
| JNK India Ltd JNKINDIA | — | 26.9 | Mar 2026 |
| Disa India Ltd DISAQ⚠ unverified | — | 30.1 | Mar 2026 |
| Walchandnagar Industries Ltd WALCHANNAG⚠ unverified | — | -60.8 | Mar 2026 |
| Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified | — | 194.8 | Jun 2026 |
| Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified | — | 26.1 | Jun 2026 |
| Bajaj Steel Industries Ltd BAJAJST⚠ unverified | — | 13.5 | Mar 2026 |
| Hercules Investments Ltd HERCULES | — | 14.7 | Sep 2025 |
Full 20-quarter history · every available company
PEG · reported quarter history
Inox Wind Ltd · INOXWIND
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
P/E · reported quarter history
Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bharat Heavy Electricals Ltd · BHEL
Concord Control Systems Ltd · 543619
Disa India Ltd · DISAQ⚠ unverified
Inox Wind Ltd · INOXWIND
JNK India Ltd · JNKINDIA
John Cockerill India Ltd · COCKERILL
Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified
Praj Industries Ltd · PRAJIND
Suzlon Energy Ltd · SUZLON
The Anup Engineering Ltd · ANUP
Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified
Windsor Machines Ltd · WINDMACHIN
What can make this comparison misleading?
This Capital Goods - Engineering Heavy comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 16 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 5 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.
- 5 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.
How was this comparison built?
This comparison is built from the reported filings of 16 Capital Goods - Engineering Heavy 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 2026-07-31.
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.
Capital Goods - Engineering Heavy company comparison FAQs
These 24 answers restate the Capital Goods - Engineering Heavy comparison above in question form. Every one is computed from the same 16 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Capital Goods - Engineering Heavy sector outperforming NIFTY 500?
Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 8.4% over 52 weeks and 4.7% over 13 weeks. 8 of 16 covered companies beat NIFTY on Mansfield relative strength, while 7 of 16 beat the sector itself.
Which Capital Goods - Engineering Heavy company is largest by revenue?
Bharat Heavy Electricals Ltd leads with revenue of ₹35,993 crore, based on 16 of 16 comparable companies through Jun 2026.
Which Capital Goods - Engineering Heavy company is growing fastest?
Concord Control Systems Ltd has the fastest current revenue growth at 100%, across 16 of 16 comparable companies.
Which Capital Goods - Engineering Heavy company has the strongest 4-Factor Sector Score?
JNK India Ltd ranks first at 75.3/100 with 78.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Capital Goods - Engineering Heavy company has the lowest comparable PEG?
Suzlon Energy Ltd has the lowest comparable PEG at 0.47, among 4 of 16 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Capital Goods - Engineering Heavy 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.
What is the Nifty Capital Goods - Engineering Heavy index?
The Nifty Capital Goods - Engineering Heavy index tracks India's listed Capital Goods - Engineering Heavy companies as a single basket. This page follows the same 16 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Capital Goods - Engineering Heavy sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Capital Goods - Engineering Heavy stocks in India?
Ranked by this page's four-factor score, JNK India Ltd places first among 16 listed Capital Goods - Engineering Heavy companies, followed by Suzlon Energy 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 Capital Goods - Engineering Heavy stocks are listed in India?
This comparison covers 16 listed Capital Goods - Engineering Heavy 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 Capital Goods - Engineering Heavy company is the biggest?
Bharat Heavy Electricals Ltd is the largest, with trailing-twelve-month revenue of ₹35,993 crore, ahead of Suzlon Energy Ltd at ₹17,429 crore. That covers 16 of 16 companies with comparable reporting through Jun 2026.
Which Capital Goods - Engineering Heavy company has the best profit margins?
Concord Control Systems Ltd has the highest operating margin at 30%, from 15 of 16 comparable companies. Walchandnagar Industries Ltd shows the biggest recent improvement, at +93.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Capital Goods - Engineering Heavy company makes the most profit?
Suzlon Energy Ltd earns the most, at ₹3,143 crore of trailing-twelve-month net profit, from 16 of 16 comparable companies. Concord Control Systems Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Capital Goods - Engineering Heavy company earns the highest return on capital?
Suzlon Energy Ltd leads on return on capital employed at 35.1%, across 16 of 16 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 Capital Goods - Engineering Heavy stock is the cheapest?
On PEG — where a LOWER number is cheaper — Suzlon Energy Ltd screens cheapest at 0.47×. Only 4 of 16 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 Capital Goods - Engineering Heavy sector beating the market?
Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 8.4% over the last 52 weeks and 4.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 16 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Capital Goods - Engineering Heavy stock has the strongest price momentum?
Kabra Extrusion Technik 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 Capital Goods - Engineering Heavy company scores highest for research priority?
JNK India Ltd scores 75.3 out of 100 with 78.6% evidence confidence, from 30.3 points on growth and earnings, 15.6 on capital efficiency, 10.2 on valuation and 19.2 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 Capital Goods - Engineering Heavy companies does this comparison cover, and over what period?
It compares 16 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 Capital Goods - Engineering Heavy sector?
The 16 Capital Goods - Engineering Heavy companies on this page carry ₹2,50,520 crore of combined market value. Bharat Heavy Electricals Ltd is the largest at ₹1,41,720 crore, about 57% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
What is the Capital Goods - Engineering Heavy sector's P/E ratio?
The median price-to-earnings ratio across the 16 Capital Goods - Engineering Heavy companies on this page is 38.5×, measured on the 15 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 2026-08-05.
How is the Capital Goods - Engineering Heavy sector performing?
8 of the 16 covered Capital Goods - Engineering Heavy companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 8.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
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.