Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

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.

The 16 Capital Goods - Engineering Heavy companies listed in India are Bharat Heavy Electricals Ltd (₹1.5 L Cr, the largest), Suzlon Energy Ltd, Inox Wind Ltd and 13 more. 8 of 16 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

Top 10 Capital Goods - Engineering Heavy Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1JNK India Ltd₹2.4K Cr70.0/100Favorable setup · strongest on profit growth and ROCE improvement
  2. 2Suzlon Energy Ltd₹60.2K Cr65.0/100Favorable setup · strongest on ROCE and PEG
  3. 3Disa India Ltd₹1.7K Cr62.7/100Mixed-positive evidence · strongest on ROCE and relative strength versus sector
  4. 4Bharat Heavy Electricals Ltd₹1.5 L Cr60.7/100Mixed-positive evidence · strongest on relative strength versus sector and margin improvement
  5. 5Concord Control Systems Ltd₹2.5K Cr57.8/100Mixed-positive evidence · strongest on ROCE and profit growth
  6. 6John Cockerill India Ltd₹4.0K Cr55.6/100Mixed-positive evidence · strongest on relative strength versus sector and ROCE improvement
  7. 7Eimco Elecon (India) Ltd₹1.3K Cr46.9/100Mixed-negative evidence · strongest on relative strength versus the benchmark and operating margin
  8. 8Walchandnagar Industries Ltd₹1.4K Cr46.6/100Mixed-negative evidence · strongest on ROCE improvement and margin improvement
  9. 9Integra Engineering India Ltd₹598 Cr42.0/100Mixed-negative evidence · strongest on ROCE and profitable quarters
  10. 10Inox Wind Ltd₹13.2K Cr40.9/100Mixed-negative evidence · strongest on PEG and 13-week relative-strength change

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Capital Goods - Engineering Heavy Index — Constituents & Performance

The largest 15 of 16 listed Indian Capital Goods - Engineering Heavy companies are named here; all 16 are ranked in the scorecard — the constituent set people search for as the Nifty Capital Goods - Engineering Heavy index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Bharat Heavy Electricals Ltd₹1.5 L Cr
  2. Suzlon Energy Ltd₹60.2K Cr
  3. Inox Wind Ltd₹13.2K Cr
  4. Praj Industries Ltd₹5.9K Cr
  5. John Cockerill India Ltd₹4.0K Cr
  6. The Anup Engineering Ltd₹3.3K Cr
  7. Windsor Machines Ltd₹3.1K Cr
  8. Kabra Extrusion Technik Ltd₹2.5K Cr
  9. Concord Control Systems Ltd₹2.5K Cr
  10. JNK India Ltd₹2.4K Cr
  11. Disa India Ltd₹1.7K Cr
  12. Walchandnagar Industries Ltd₹1.4K Cr
  13. Eimco Elecon (India) Ltd₹1.3K Cr
  14. Bajaj Steel Industries Ltd₹761 Cr
  15. Integra Engineering India Ltd₹598 Cr

The remaining 1 Capital Goods - Engineering Heavy company are named and ranked in the scorecard.

02 · the sector itself · before any single company

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 4% ahead of NIFTY 500. Earnings across its companies fell 8% on average over the last four reported quarters.

TURNING · ahead 1w~Moving with the index4 of 16 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑1w · 7/16 >200d (−1) · 4/16 lead (+0) · EPS 9/16↑

200500100020262025202420232022 1409303 TRAILING 12-MONTH EPS · 100 AT THE START0100130Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 5 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 116, against 100 at the start · up 162.6% on a year ago · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 122, against 100 at the start · up 16.2% on a year ago · 5 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 130, against 100 at the start · up 51.7% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.0% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · up 67.5% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 73, against 100 at the start · up 57.1% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 65, against 100 at the start · up 20.0% on a year ago · 11 reportingSep 2024 · trailing 12-month earnings per share at 85, against 100 at the start · up 2.4% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 2.9% on a year ago · 11 reportingMar 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 19.3% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 75, against 100 at the start · down 12.8% on a year ago · 12 reportingSep 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 3.0% on a year ago · 13 reportingDec 2025 · trailing 12-month earnings per share at 78, against 100 at the start · down 3.4% on a year ago · 12 reportingMar 2026 · trailing 12-month earnings per share at 64, against 100 at the start · down 6.9% on a year ago · 12 reportingJun 2026 · trailing 12-month earnings per share at 69, against 100 at the start · down 23.3% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two69No earnings on file this far back — the price series reaches further than the filings do
200500100020262025202420232022 1409303 TRAILING 12-MONTH EPS · 100 AT THE START0100130Jun 22Jun 23Jun 24Jun 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 5 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 116, against 100 at the start · up 162.6% on a year ago · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 122, against 100 at the start · up 16.2% on a year ago · 5 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 130, against 100 at the start · up 51.7% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.0% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · up 67.5% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 73, against 100 at the start · up 57.1% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 65, against 100 at the start · up 20.0% on a year ago · 11 reportingSep 2024 · trailing 12-month earnings per share at 85, against 100 at the start · up 2.4% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 2.9% on a year ago · 11 reportingMar 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 19.3% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 75, against 100 at the start · down 12.8% on a year ago · 12 reportingSep 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 3.0% on a year ago · 13 reportingDec 2025 · trailing 12-month earnings per share at 78, against 100 at the start · down 3.4% on a year ago · 12 reportingMar 2026 · trailing 12-month earnings per share at 64, against 100 at the start · down 6.9% on a year ago · 12 reportingJun 2026 · trailing 12-month earnings per share at 69, against 100 at the start · down 23.3% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two69No earnings on file this far back — the price series reaches further than the filings do
Capital Goods - Engineering Heavy, 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 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.

03 · sector relative strength, before individual stocks

Is Capital Goods - Engineering Heavy outperforming NIFTY 500?

Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 17.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.3%. 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%.

+3.3%Sector vs NIFTY 500 · 13 weeks
+17.2%Sector vs NIFTY 500 · 52 weeks
8/16Stocks leading NIFTY 500
6/16Stocks leading sector

Sector metric: 60.7 as of 2026-08-22 · BROADENING · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Capital Goods - Engineering Heavy has outperformed NIFTY 500 by 17.2% over 52 weeks and 3.3% over 13 weeks. 8 of 16 covered companies beat NIFTY on Mansfield relative strength, while 6 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.

Companies
16
complete canonical membership
Combined market value
₹2.5 L Cr
Bharat Heavy Electricals Ltd
Revenue growing
13/16
positive TTM year-on-year growth
Beating NIFTY 500
8/16
positive Mansfield relative strength
Comparing 5 of 16
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%
JNK India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 83% evidence confidence.
Eimco Elecon (India) 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.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1JNK India LtdJNKINDIA 70.0/100Favorable setup83% evidence FADING 32.2/35 Revenue 84.4% · PAT 100% · OPM change 5.5 pp 100% evidence 14.5/25 ROCE 17.4% · OPM 8.8% 100% evidence 10.9/20 P/E 31.4× · PEG — 15% evidence 12.4/20 RS sector 15.1% · RS bench 31.2% · 1Y 44.5%10 of 12 weeks ahead 100% evidence
Exact sum: 32.2 + 14.5 + 10.9 + 12.4 = 70 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Suzlon Energy LtdSUZLON 65.0/100Favorable setup100% evidence ASLEEP 23.6/35 Revenue 45.2% · PAT 50.1% · OPM change -3 pp 100% evidence 18.2/25 ROCE 34.2% · OPM 16% 100% evidence 19.3/20 P/E 19.1× · PEG 0.47 100% evidence 3.9/20 RS sector -24.9% · RS bench -12.3% · 1Y -23.8%3 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 18.2 + 19.3 + 3.9 = 65 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -24.9% and the one-year return is -23.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Disa India LtdDISAQ 62.7/100Mixed-positive evidence81% evidence TURNING 17.0/35 Revenue 3.8% · PAT 6.3% · OPM change -1 pp 95% evidence 20.9/25 ROCE 26.6% · OPM 14% 95% evidence 12.7/20 P/E 31.7× · PEG — 50% evidence 12.1/20 RS sector 3% · RS bench -3% · 1Y -12.7%2 of 9 weeks ahead 70% evidence
Exact sum: 17 + 20.9 + 12.7 + 12.1 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Bharat Heavy Electricals LtdBHEL 60.7/100Mixed-positive evidence67% evidence TURNING 25.1/35 Revenue 27% · PAT 100% · OPM change 17 pp 71% evidence 8.6/25 ROCE 9.1% · OPM 7% 76% evidence 9.4/20 P/E 61.7× · PEG — 15% evidence 17.6/20 RS sector 18.4% · RS bench 36.2% · 1Y 103%8 of 12 weeks ahead 100% evidence
Exact sum: 25.1 + 8.6 + 9.4 + 17.6 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Concord Control Systems Ltd543619 57.8/100Mixed-positive evidence66% evidence ASLEEP 21.5/35 Revenue 100% · PAT 100% · OPM change 10 pp 48% evidence 21.2/25 ROCE 30.6% · OPM 30% 76% evidence 9.1/20 P/E 58.9× · PEG — 50% evidence 6.0/20 RS sector -11.9% · RS bench 2.9% · 1Y 57.8%3 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 21.2 + 9.1 + 6 = 57.8 · 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 evidence68% evidence FADING 24.0/35 Revenue 55.7% · PAT 10.7% · OPM change 1 pp 74% evidence 6.3/25 ROCE 6.5% · OPM -9% 100% evidence 8.9/20 P/E 917.2× · PEG — 15% evidence 16.4/20 RS sector 28.1% · RS bench 31.8% · 1Y 85.5%8 of 10 weeks ahead 70% evidence
Exact sum: 24 + 6.3 + 8.9 + 16.4 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Eimco Elecon (India) LtdEIMCOELECO 46.9/100Mixed-negative evidence81% evidence BREAKING OUT 11.2/35 Revenue -1.6% · PAT -18.8% · OPM change 0 pp 95% evidence 13.3/25 ROCE 10.3% · OPM 18% 95% evidence 9.0/20 P/E 33.9× · PEG — 50% evidence 13.4/20 RS sector 0.5% · RS bench 36.5% · 1Y 20.5%9 of 10 weeks ahead 70% evidence
Exact sum: 11.2 + 13.3 + 9 + 13.4 = 46.9 · Decision use: Price leads the evidence: RS versus the benchmark is 36.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Walchandnagar Industries LtdWALCHANNAG 46.6/100Mixed-negative evidence69% evidence ASLEEP 25.3/35 Revenue 38% · PAT 96.7% · OPM change 12.9 pp 71% evidence 3.4/25 ROCE 4.2% · OPM 8.1% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 7.9/20 RS sector -7.8% · RS bench 6.3% · 1Y 16.5%4 of 12 weeks ahead 100% evidence
Exact sum: 25.3 + 3.4 + 10 + 7.9 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Integra Engineering India Ltd505358 42.0/100Mixed-negative evidence75% evidence BASING 10.0/35 Revenue 1.7% · PAT -16.6% · OPM change -3.5 pp 95% evidence 17.9/25 ROCE 18.5% · OPM 16.4% 76% evidence 9.8/20 P/E 40.3× · PEG — 15% evidence 4.3/20 RS sector -20.2% · RS bench -7% · 1Y -26%3 of 12 weeks ahead 100% evidence
Exact sum: 10 + 17.9 + 9.8 + 4.3 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Inox Wind LtdINOXWIND 40.9/100Mixed-negative evidence93% evidence BASING 13.3/35 Revenue 17.1% · PAT -13.1% · OPM change -3 pp 100% evidence 9.6/25 ROCE 10.6% · OPM 19% 100% evidence 12.6/20 P/E 38.4× · PEG 1.22 65% evidence 5.4/20 RS sector -37.5% · RS bench -26.1% · 1Y -47.5%1 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 9.6 + 12.6 + 5.4 = 40.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Kabra Extrusion Technik LtdKABRAEXTRU 40.5/100Mixed-negative evidence66% evidence BREAKING OUT 15.0/35 Revenue 3.1% · PAT -80% · OPM change 8.4 pp 71% evidence 5.5/25 ROCE 0.1% · OPM 5% 95% evidence 8.5/20 P/E 3613× · PEG — 15% evidence 11.5/20 RS sector -6.2% · RS bench 160.1% · 1Y 164.8%10 of 10 weeks ahead 70% evidence
Exact sum: 15 + 5.5 + 8.5 + 11.5 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Hercules Investments LtdHERCULES 39.4/100Thin evidence · provisional55% evidence 13.8/35 Revenue -80% · PAT -74.3% · OPM change 3.7 pp 45% evidence 8.7/25 ROCE 5.7% · OPM — 60% evidence 12.7/20 P/E 8.6× · PEG — 50% evidence 4.2/20 RS sector -23.6% · RS bench -33% · 1Y -40%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 13.8 + 8.7 + 12.7 + 4.2 = 39.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Windsor Machines LtdWINDMACHIN 37.7/100Mixed-negative evidence68% evidence ASLEEP 18.0/35 Revenue 51% · PAT 100% · OPM change -2.8 pp 74% evidence 1.3/25 ROCE 2.6% · OPM 4.2% 100% evidence 8.7/20 P/E 1044× · PEG — 15% evidence 9.7/20 RS sector -10.1% · RS bench 8.3% · 1Y -2.7%3 of 10 weeks ahead 70% evidence
Exact sum: 18 + 1.3 + 8.7 + 9.7 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14The Anup Engineering LtdANUP 34.1/100Adverse evidence93% evidence ASLEEP 8.5/35 Revenue 1.4% · PAT -29.7% · OPM change -15.5 pp 100% evidence 16.8/25 ROCE 21% · OPM 7.6% 100% evidence 5.0/20 P/E 38.8× · PEG 5.03 65% evidence 3.8/20 RS sector -29% · RS bench -17% · 1Y -26.2%4 of 12 weeks ahead 100% evidence
Exact sum: 8.5 + 16.8 + 5 + 3.8 = 34.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
15Bajaj Steel Industries LtdBAJAJST 31.8/100Adverse evidence81% evidence TURNING 4.8/35 Revenue -2.6% · PAT -48.3% · OPM change -7.7 pp 95% evidence 13.1/25 ROCE 11.7% · OPM 4.9% 95% evidence 8.5/20 P/E 26× · PEG — 50% evidence 5.4/20 RS sector -20% · RS bench -17.4% · 1Y -31.4%0 of 9 weeks ahead 70% evidence
Exact sum: 4.8 + 13.1 + 8.5 + 5.4 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Praj Industries LtdPRAJIND 25.3/100Adverse evidence94% evidence BASING 6.8/35 Revenue 2.4% · PAT -77.9% · OPM change -0.7 pp 100% evidence 6.8/25 ROCE 6.1% · OPM 4.2% 100% evidence 0.7/20 P/E 117× · PEG 4.5 100% evidence 11.0/20 RS sector 1.4% · RS bench -3% · 1Y -20.8%0 of 10 weeks ahead 70% evidence
Exact sum: 6.8 + 6.8 + 0.7 + 11 = 25.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
Showing 10 of 16 companies
05 · what price has already done

Market action

Kabra Extrusion Technik Ltd has the strongest one-year price move in Capital Goods - Engineering Heavy at +164.8%. It also leads on Mansfield relative strength against NIFTY at +160.1%. 8 of 16 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

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

Capital Goods - Engineering Heavy — the story behind the numbers

This is the written read behind the Capital Goods - Engineering Heavy figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here, 1 of them rated high severity.

The Capital Goods - Engineering Heavy sector shows mixed signals based on the single constituent analyzed, KABRAEXTRU. Consolidated revenue declined 13.90% year-on-year to ₹120.15 crores in Q4 FY26, marking the third consecutive quarter of contraction. Profitability faced significant pressure, with PAT plunging 36.29% to ₹6.90 crores.

How old this read is: This read comes from our Capital Goods - Engineering Heavy sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live themeSeverityEvidence on file
Government spending halt on Jal Jeevan Mission and infrastructure programs affected domestic demand.Named for KABRAEXTRUhighCompany remains optimistic towards revival in government capital expenditure in the upcoming Union Budget 2026.
Challenging global economic conditions and soft export demand weighed on performance.Named for KABRAEXTRUmediumCompany exploring export opportunities for twin-screw extrusion technology to Southeast Asian markets.
Raw material cost fluctuations, energy prices, and logistics expenses pose margin risks.Named for KABRAEXTRUmediumNo further detail is on file for this theme.
Daman manufacturing facility suspended operations July 23, 2026 due to flooding from heavy rainfall and waterlogging.Named for KABRAEXTRUmediumAssets adequately covered under existing insurance policies.
Company faced Rs 1.66 Crore GST notice as of November 2025 and plans legal challenge.Named for KABRAEXTRUlowPlans legal challenge to GST notice.

Sources: our Capital Goods - Engineering Heavy sector brief, 28 Jul 2026.

07 · compare level, then change

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.

LeaderBharat Heavy Electricals Ltd · ₹35,993 crore
Gap106.5% versus #2 · Suzlon Energy Ltd
Persistence8/8 recent comparable periods
Coverage16/16 companies · 267 observations

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.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
2Suzlon Energy Ltd SUZLON₹17.4K Cr
3Inox Wind Ltd INOXWIND₹4.4K Cr
4Praj Industries Ltd PRAJIND₹3.2K Cr
5John Cockerill India Ltd COCKERILL₹969 Cr
Revenue growthfastest growers
2JNK India Ltd JNKINDIA84%
4Windsor Machines Ltd WINDMACHIN51%
Revenue · company comparison
16/16 level · 16/16 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.

CompanyRevenueRevenue growthReported
Bharat Heavy Electricals Ltd BHEL₹7.7K Cr40%Jun 2026
Suzlon Energy Ltd SUZLON₹3.8K Cr22%Jun 2026
Inox Wind Ltd INOXWIND₹814 Cr-1.5%Jun 2026
Praj Industries Ltd PRAJIND₹716 Cr12%Jun 2026
John Cockerill India Ltd COCKERILL₹299 Cr18%Jun 2026
JNK India Ltd JNKINDIA₹180 Cr82%Jun 2026
Windsor Machines Ltd WINDMACHIN₹149 Cr31%Jun 2026
Concord Control Systems Ltd 543619₹129 Cr72%Mar 2026
The Anup Engineering Ltd ANUP₹125 Cr-29%Jun 2026
Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified₹124 Cr45%Jun 2026
Bajaj Steel Industries Ltd BAJAJST⚠ unverified₹120 Cr12%Jun 2026
Walchandnagar Industries Ltd WALCHANNAG⚠ unverified₹91 Cr84%Jun 2026
Disa India Ltd DISAQ⚠ unverified₹87 Cr-15%Jun 2026
Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified₹78 Cr15%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.

Bharat Heavy Electricals Ltd · BHEL

₹5.3K Cr
₹8.2K Cr
₹5.0K Cr
₹5.1K Cr
₹5.5K Cr
₹8.3K Cr
₹5.5K Cr
₹6.6K Cr
₹7.3K Cr
₹9.0K Cr
₹5.5K Cr
₹7.5K Cr
₹8.5K Cr
₹12.3K Cr
₹7.7K Cr

Concord Control Systems Ltd · 543619

₹14 Cr
₹18 Cr
₹26 Cr
₹23 Cr
₹30 Cr
₹35 Cr
₹50 Cr
₹75 Cr
₹82 Cr
₹129 Cr

Disa India Ltd · DISAQ⚠ unverified

₹50 Cr
₹76 Cr
₹91 Cr
₹80 Cr
₹61 Cr
₹96 Cr
₹96 Cr
₹87 Cr
₹99 Cr
₹108 Cr
₹102 Cr
₹104 Cr
₹129 Cr
₹91 Cr
₹87 Cr

Inox Wind Ltd · INOXWIND

₹166 Cr
₹152 Cr
₹137 Cr
₹211 Cr
₹107 Cr
₹226 Cr
₹191 Cr
₹349 Cr
₹371 Cr
₹503 Cr
₹528 Cr
₹640 Cr
₹733 Cr
₹911 Cr
₹1.3K Cr
₹826 Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹814 Cr

JNK India Ltd · JNKINDIA

₹107 Cr
₹37 Cr
₹97 Cr
₹120 Cr
₹227 Cr
₹88 Cr
₹104 Cr
₹94 Cr
₹191 Cr
₹99 Cr
₹178 Cr
₹203 Cr
₹338 Cr
₹180 Cr

John Cockerill India Ltd · COCKERILL

₹92 Cr
₹130 Cr
₹63 Cr
₹37 Cr
₹43 Cr
₹211 Cr
₹193 Cr
₹221 Cr
₹192 Cr
₹254 Cr
₹147 Cr
₹93 Cr
₹76 Cr
₹72 Cr
₹221 Cr
₹253 Cr
₹97 Cr
₹228 Cr
₹345 Cr
₹299 Cr

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

₹207 Cr
₹178 Cr
₹134 Cr
₹182 Cr
₹124 Cr
₹168 Cr
₹88 Cr
₹128 Cr
₹121 Cr
₹140 Cr
₹86 Cr
₹135 Cr
₹110 Cr
₹120 Cr
₹124 Cr

Praj Industries Ltd · PRAJIND

₹532 Cr
₹586 Cr
₹839 Cr
₹730 Cr
₹877 Cr
₹911 Cr
₹1.0K Cr
₹737 Cr
₹882 Cr
₹829 Cr
₹1.0K Cr
₹699 Cr
₹816 Cr
₹853 Cr
₹860 Cr
₹640 Cr
₹842 Cr
₹841 Cr
₹845 Cr
₹716 Cr

Suzlon Energy Ltd · SUZLON

₹1.3K Cr
₹1.6K Cr
₹2.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.7K Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹2.2K Cr
₹2.0K Cr
₹2.1K Cr
₹3.0K Cr
₹3.8K Cr
₹3.1K Cr
₹3.9K Cr
₹4.2K Cr
₹5.5K Cr
₹3.8K Cr

The Anup Engineering Ltd · ANUP

₹89 Cr
₹47 Cr
₹100 Cr
₹52 Cr
₹101 Cr
₹114 Cr
₹144 Cr
₹125 Cr
₹140 Cr
₹128 Cr
₹157 Cr
₹146 Cr
₹193 Cr
₹172 Cr
₹222 Cr
₹175 Cr
₹232 Cr
₹207 Cr
₹208 Cr
₹125 Cr

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

₹73 Cr
₹112 Cr
₹67 Cr
₹88 Cr
₹56 Cr
₹91 Cr
₹79 Cr
₹68 Cr
₹59 Cr
₹53 Cr
₹49 Cr
₹52 Cr
₹81 Cr
₹93 Cr
₹91 Cr

Windsor Machines Ltd · WINDMACHIN

₹87 Cr
₹100 Cr
₹136 Cr
₹55 Cr
₹98 Cr
₹99 Cr
₹126 Cr
₹69 Cr
₹89 Cr
₹87 Cr
₹109 Cr
₹81 Cr
₹59 Cr
₹108 Cr
₹121 Cr
₹113 Cr
₹137 Cr
₹136 Cr
₹185 Cr
₹149 Cr

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

4.6%
0.4%
9.6%
28%
32%
8.9%
0.0%
14%
16%
37%
40%

Concord Control Systems Ltd · 543619

86%
28%
15%
52%
67%
114%
64%
72%

Disa India Ltd · DISAQ⚠ unverified

22%
26%
5.5%
8.8%
62%
13%
6.3%
20%
30%
-16%
-15%

Inox Wind Ltd · INOXWIND

25%
-36%
49%
39%
65%
247%
123%
176%
83%
98%
81%
141%
29%
53%
32%
-2.4%
-1.5%

JNK India Ltd · JNKINDIA

112%
140%
7.2%
-22%
-16%
13%
72%
116%
77%
82%

John Cockerill India Ltd · COCKERILL

-62%
-53%
62%
206%
498%
345%
20%
-24%
-58%
-60%
-72%
50%
171%
28%
215%
56%
18%

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

-40%
-5.6%
-34%
-30%
-2.2%
-17%
-2.5%
5.2%
-8.9%
-14%
45%

Praj Industries Ltd · PRAJIND

89%
65%
55%
20%
1.0%
0.6%
-9.0%
1.5%
-5.2%
-7.5%
2.9%
-16%
-8.4%
3.2%
-1.4%
-1.7%
12%

Suzlon Energy Ltd · SUZLON

21%
6.2%
-8.7%
-31%
-2.0%
-0.6%
7.0%
30%
50%
48%
91%
73%
55%
84%
42%
45%
22%

The Anup Engineering Ltd · ANUP

0.0%
13%
143%
44%
141%
38%
12%
8.9%
17%
38%
34%
41%
20%
20%
20%
-6.2%
-29%

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

-23%
-18%
18%
-23%
5.8%
-42%
-38%
-24%
37%
75%
84%

Windsor Machines Ltd · WINDMACHIN

12%
13%
-1.2%
-7.1%
25%
-8.9%
-12%
-13%
17%
-33%
24%
10%
40%
130%
26%
53%
31%
08 · compare level, then change

Operating Economics & Margin Trend

Concord Control Systems Ltd has the highest OPM among the 16 Capital Goods - Engineering Heavy companies compared here, at 30%. Inox Wind Ltd is next at 19%. Bharat Heavy Electricals Ltd has the highest Margin change at +17 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%; Bharat Heavy Electricals Ltd leads margin change at +17 percentage points.

LeaderConcord Control Systems Ltd · 30%
Gap57.9% versus #2 · Inox Wind Ltd
Persistence5/8 recent comparable periods
Coverage15/16 companies · 296 observations

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.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Inox Wind Ltd INOXWIND19%
3Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified18%
Margin changefastest expanders
2Walchandnagar Industries Ltd WALCHANNAG⚠ unverified+12.9 pp
4Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified+8.4 pp
5JNK India Ltd JNKINDIA+5.5 pp
Operating margin · company comparison
15/16 level · 16/16 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Concord Control Systems Ltd 54361930%+10.0 ppMar 2026
Inox Wind Ltd INOXWIND19%−3.0 ppJun 2026
Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified18%0.0 ppJun 2026
Integra Engineering India Ltd 50535816%−3.5 ppJun 2026
Suzlon Energy Ltd SUZLON16%−3.0 ppJun 2026
Hercules Investments Ltd HERCULES15%+3.7 ppSep 2025
Disa India Ltd DISAQ⚠ unverified14%−1.0 ppJun 2026
JNK India Ltd JNKINDIA8.8%+5.5 ppJun 2026
Walchandnagar Industries Ltd WALCHANNAG⚠ unverified8.1%+12.9 ppJun 2026
The Anup Engineering Ltd ANUP7.6%−15.5 ppJun 2026
Bharat Heavy Electricals Ltd BHEL7.0%+17.0 ppJun 2026
Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified5.0%+8.4 ppJun 2026
Bajaj Steel Industries Ltd BAJAJST⚠ unverified4.9%−7.7 ppJun 2026
Windsor Machines Ltd WINDMACHIN4.2%−2.8 ppJun 2026
Praj Industries Ltd PRAJIND4.2%−0.7 ppJun 2026
John Cockerill India Ltd COCKERILL-9.0%+1.0 ppJun 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

-0.6%
1.7%
14%
-3.6%
-4.7%
3.0%
13%
-3.6%
-3.0%
3.9%
9.0%
-3.1%
4.2%
4.2%
9.0%
-10%
8.0%
6.0%
14%
7.0%

Concord Control Systems Ltd · 543619

11%
13%
11%
21%
26%
26%
28%
20%
25%
30%

Disa India Ltd · DISAQ⚠ unverified

21%
14%
22%
14%
17%
3.0%
16%
20%
14%
8.0%
16%
18%
14%
12%
17%
15%
14%
17%
17%
14%

Inox Wind Ltd · INOXWIND

1.9%
-21%
-207%
-13%
-22%
-78%
-14%
9.0%
13%
18%
19%
21%
23%
22%
20%
22%
20%
23%
16%
19%

JNK India Ltd · JNKINDIA

17%
21%
23%
34%
16%
11%
12%
7.2%
7.8%
3.3%
9.3%
13%
14%
8.8%

John Cockerill India Ltd · COCKERILL

4.3%
4.6%
0.4%
-19%
-11%
3.6%
5.5%
3.3%
3.2%
5.0%
3.2%
0.6%
-11%
-0.7%
-0.7%
-10%
12%
-9.0%
2.4%
-9.0%

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

14%
15%
12%
9.9%
10.0%
11%
13%
9.3%
6.2%
7.0%
17%
5.6%
17%
12%
3.1%
-3.5%
6.7%
1.4%
2.5%
5.0%

Praj Industries Ltd · PRAJIND

8.7%
8.7%
9.4%
7.6%
7.7%
9.0%
11%
10%
10%
12%
13%
13%
11%
9.0%
9.0%
4.9%
7.0%
4.9%
2.8%
4.2%

Suzlon Energy Ltd · SUZLON

17%
18%
8.8%
16%
12%
15%
14%
15%
16%
16%
16%
18%
14%
17%
18%
19%
19%
17%
18%
16%

The Anup Engineering Ltd · ANUP

25%
23%
24%
18%
20%
20%
21%
22%
22%
19%
21%
23%
22%
23%
22%
23%
22%
21%
18%
7.6%

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

10%
7.8%
12%
-7.0%
2.4%
2.9%
-30%
-3.4%
5.8%
-14%
5.8%
-16%
-9.0%
-9.6%
-89%
-4.8%
-5.9%
19%
4.5%
8.1%

Windsor Machines Ltd · WINDMACHIN

3.6%
10.0%
15%
-11%
13%
7.0%
12%
2.7%
9.5%
10%
3.5%
1.4%
5.1%
8.2%
9.1%
7.0%
6.2%
2.9%
5.9%
4.2%

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

+16.6 pp
+5.8 pp
+32.0 pp
+12.8 pp
−4.1 pp
+1.3 pp
−1.3 pp
+0.0 pp
+1.7 pp
+0.9 pp
−4.0 pp
+0.5 pp
+7.2 pp
+0.3 pp
0.0 pp
−6.9 pp
+3.8 pp
+1.8 pp
+5.0 pp
+17.0 pp

Concord Control Systems Ltd · 543619

0.0 pp
+8.0 pp
+15.0 pp
+5.0 pp
+2.0 pp
−6.0 pp
−3.0 pp
+10.0 pp

Disa India Ltd · DISAQ⚠ unverified

+2.9 pp
−13.7 pp
+25.3 pp
+2.2 pp
−4.2 pp
−10.9 pp
−6.3 pp
+6.0 pp
−3.2 pp
+5.0 pp
0.0 pp
−2.0 pp
0.0 pp
+4.0 pp
+1.0 pp
−3.0 pp
0.0 pp
+5.0 pp
0.0 pp
−1.0 pp

Inox Wind Ltd · INOXWIND

+24.7 pp
−22.2 pp
−157.0 pp
−14.1 pp
−23.9 pp
−57.0 pp
+193.3 pp
+22.4 pp
+35.0 pp
+96.0 pp
+33.0 pp
+12.0 pp
+10.0 pp
+4.0 pp
+1.0 pp
+1.0 pp
−3.0 pp
+1.0 pp
−4.0 pp
−3.0 pp

JNK India Ltd · JNKINDIA

−1.5 pp
−9.9 pp
−11.3 pp
−26.5 pp
−7.7 pp
−7.3 pp
−2.3 pp
+5.6 pp
+5.9 pp
+5.5 pp

John Cockerill India Ltd · COCKERILL

+61.0 pp
+3.3 pp
+12.8 pp
−18.2 pp
−15.0 pp
−1.0 pp
+5.1 pp
+22.3 pp
+13.8 pp
+1.4 pp
−2.3 pp
−2.6 pp
−14.6 pp
−5.7 pp
−3.9 pp
−10.6 pp
+23.0 pp
−8.3 pp
+3.1 pp
+1.0 pp

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

+0.2 pp
−2.8 pp
−3.6 pp
−1.9 pp
−4.5 pp
−4.8 pp
+1.0 pp
−0.6 pp
−3.8 pp
−3.6 pp
+3.5 pp
−3.7 pp
+10.9 pp
+4.6 pp
−13.5 pp
−9.1 pp
−10.5 pp
−10.2 pp
−0.7 pp
+8.4 pp

Praj Industries Ltd · PRAJIND

+1.9 pp
−2.7 pp
−3.8 pp
−0.3 pp
−1.0 pp
+0.3 pp
+1.6 pp
+2.4 pp
+2.3 pp
+3.0 pp
+2.0 pp
+3.0 pp
+1.0 pp
−3.0 pp
−4.0 pp
−8.1 pp
−4.0 pp
−4.1 pp
−6.2 pp
−0.7 pp

Suzlon Energy Ltd · SUZLON

+1.9 pp
+3.6 pp
−8.5 pp
+2.0 pp
−5.4 pp
−2.8 pp
+5.3 pp
−0.5 pp
+4.2 pp
+1.0 pp
+2.0 pp
+3.0 pp
−2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+5.0 pp
0.0 pp
0.0 pp
−3.0 pp

The Anup Engineering Ltd · ANUP

+4.5 pp
+0.4 pp
−2.9 pp
−6.1 pp
−5.5 pp
−3.6 pp
−2.9 pp
+4.4 pp
+2.4 pp
−0.4 pp
−0.4 pp
+0.2 pp
+0.0 pp
+3.3 pp
+1.9 pp
+0.4 pp
−0.3 pp
−1.4 pp
−4.0 pp
−15.5 pp

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

+0.7 pp
−0.2 pp
+9.1 pp
−2.0 pp
−7.7 pp
−4.9 pp
−41.9 pp
+3.7 pp
+3.4 pp
−17.2 pp
+36.1 pp
−12.8 pp
−14.8 pp
+4.7 pp
−94.5 pp
+11.4 pp
+3.1 pp
+28.5 pp
+93.2 pp
+12.9 pp

Windsor Machines Ltd · WINDMACHIN

−5.2 pp
−2.3 pp
+2.0 pp
−2.6 pp
+9.6 pp
−2.9 pp
−3.2 pp
+13.7 pp
−3.7 pp
+3.0 pp
−8.4 pp
−1.3 pp
−4.4 pp
−1.9 pp
+5.6 pp
+5.6 pp
+1.1 pp
−5.2 pp
−3.2 pp
−2.8 pp
09 · compare level, then change

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.

LeaderSuzlon Energy Ltd · ₹3,143 crore
Gap29.2% versus #2 · Bharat Heavy Electricals Ltd
Persistence6/8 recent comparable periods
Coverage16/16 companies · 267 observations

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.

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
1Suzlon Energy Ltd SUZLON₹3.1K Cr
3Inox Wind Ltd INOXWIND₹418 Cr
5JNK India Ltd JNKINDIA₹73 Cr
Profit growthfastest growers
2JNK India Ltd JNKINDIA100%
4Disa India Ltd DISAQ⚠ unverified6.3%
5Inox Wind Ltd INOXWIND-13%
Net profit · company comparison
16/16 level · 11/16 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Bharat Heavy Electricals Ltd BHEL₹377 Cr156%Jun 2026
Suzlon Energy Ltd SUZLON₹305 Cr-5.9%Jun 2026
Inox Wind Ltd INOXWIND₹64 Cr-34%Jun 2026
Concord Control Systems Ltd 543619₹25 Cr79%Mar 2026
Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified₹15 Cr7.1%Jun 2026
Praj Industries Ltd PRAJIND₹12 Cr140%Jun 2026
Disa India Ltd DISAQ⚠ unverified₹11 Cr-15%Jun 2026
JNK India Ltd JNKINDIA₹10 Cr752%Jun 2026
Hercules Investments Ltd HERCULES₹5 Cr96%Sep 2025
Integra Engineering India Ltd 505358₹5 Cr-11%Jun 2026
Walchandnagar Industries Ltd WALCHANNAG⚠ unverified₹1 Cr-106%Jun 2026
The Anup Engineering Ltd ANUP₹1 Cr-98%Jun 2026
Bajaj Steel Industries Ltd BAJAJST⚠ unverified₹-0 Cr-104%Jun 2026
Windsor Machines Ltd WINDMACHIN₹-1 Cr-107%Jun 2026
Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified₹-2 Cr-36%Jun 2026
John Cockerill India Ltd COCKERILL₹-31 Cr-183%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

₹42 Cr
₹658 Cr
₹-205 Cr
₹-63 Cr
₹60 Cr
₹490 Cr
₹-211 Cr
₹106 Cr
₹135 Cr
₹504 Cr
₹-456 Cr
₹375 Cr
₹390 Cr
₹1.3K Cr
₹377 Cr

Concord Control Systems Ltd · 543619

₹1 Cr
₹2 Cr
₹2 Cr
₹3 Cr
₹6 Cr
₹7 Cr
₹8 Cr
₹14 Cr
₹16 Cr
₹25 Cr

Disa India Ltd · DISAQ⚠ unverified

₹2 Cr
₹10 Cr
₹16 Cr
₹8 Cr
₹6 Cr
₹13 Cr
₹15 Cr
₹12 Cr
₹10 Cr
₹13 Cr
₹13 Cr
₹12 Cr
₹15 Cr
₹13 Cr
₹11 Cr

Inox Wind Ltd · INOXWIND

₹-58 Cr
₹-64 Cr
₹-309 Cr
₹-130 Cr
₹-134 Cr
₹-288 Cr
₹-119 Cr
₹-65 Cr
₹-27 Cr
₹2 Cr
₹33 Cr
₹42 Cr
₹84 Cr
₹110 Cr
₹190 Cr
₹97 Cr
₹121 Cr
₹127 Cr
₹106 Cr
₹64 Cr

JNK India Ltd · JNKINDIA

₹11 Cr
₹4 Cr
₹12 Cr
₹30 Cr
₹17 Cr
₹6 Cr
₹8 Cr
₹3 Cr
₹13 Cr
₹1 Cr
₹13 Cr
₹18 Cr
₹33 Cr
₹10 Cr

John Cockerill India Ltd · COCKERILL

₹2 Cr
₹6 Cr
₹-2 Cr
₹-5 Cr
₹-3 Cr
₹11 Cr
₹10 Cr
₹4 Cr
₹7 Cr
₹10 Cr
₹4 Cr
₹-0 Cr
₹-8 Cr
₹-1 Cr
₹-3 Cr
₹-15 Cr
₹9 Cr
₹-9 Cr
₹7 Cr
₹-31 Cr

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

₹11 Cr
₹12 Cr
₹6 Cr
₹6 Cr
₹3 Cr
₹19 Cr
₹2 Cr
₹12 Cr
₹7 Cr
₹11 Cr
₹-8 Cr
₹0 Cr
₹-5 Cr
₹7 Cr
₹-2 Cr

Praj Industries Ltd · PRAJIND

₹33 Cr
₹37 Cr
₹58 Cr
₹41 Cr
₹48 Cr
₹62 Cr
₹88 Cr
₹59 Cr
₹62 Cr
₹70 Cr
₹92 Cr
₹84 Cr
₹54 Cr
₹41 Cr
₹40 Cr
₹5 Cr
₹19 Cr
₹-12 Cr
₹12 Cr
₹12 Cr

Suzlon Energy Ltd · SUZLON

₹-11 Cr
₹38 Cr
₹-204 Cr
₹2.4K Cr
₹57 Cr
₹78 Cr
₹320 Cr
₹101 Cr
₹102 Cr
₹203 Cr
₹254 Cr
₹302 Cr
₹201 Cr
₹388 Cr
₹1.2K Cr
₹324 Cr
₹1.3K Cr
₹445 Cr
₹1.1K Cr
₹305 Cr

The Anup Engineering Ltd · ANUP

₹16 Cr
₹6 Cr
₹32 Cr
₹5 Cr
₹13 Cr
₹14 Cr
₹19 Cr
₹19 Cr
₹22 Cr
₹20 Cr
₹43 Cr
₹24 Cr
₹33 Cr
₹30 Cr
₹32 Cr
₹26 Cr
₹32 Cr
₹26 Cr
₹27 Cr
₹1 Cr

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

₹-6 Cr
₹56 Cr
₹-11 Cr
₹-8 Cr
₹-19 Cr
₹-4 Cr
₹-2 Cr
₹-11 Cr
₹-17 Cr
₹-56 Cr
₹-10 Cr
₹-12 Cr
₹5 Cr
₹3 Cr
₹1 Cr

Windsor Machines Ltd · WINDMACHIN

₹-3 Cr
₹3 Cr
₹10 Cr
₹-11 Cr
₹6 Cr
₹-0 Cr
₹9 Cr
₹-3 Cr
₹1 Cr
₹2 Cr
₹-7 Cr
₹-4 Cr
₹-37 Cr
₹42 Cr
₹-4 Cr
₹-11 Cr
₹4 Cr
₹-3 Cr
₹7 Cr
₹-1 Cr

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

43%
-26%
125%
2.9%
254%
189%
156%

Concord Control Systems Ltd · 543619

100%
50%
200%
133%
33%
100%
100%
79%

Disa India Ltd · DISAQ⚠ unverified

200%
30%
-6.3%
50%
67%
0.0%
-13%
0.0%
50%
0.0%
-15%

Inox Wind Ltd · INOXWIND

5,400%
476%
131%
44%
15%
-44%
-34%

JNK India Ltd · JNKINDIA

51%
63%
-36%
-91%
-20%
-82%
68%
521%
150%
752%

John Cockerill India Ltd · COCKERILL

-250%
90%
-9.3%
-63%
-101%
-207%
-114%
-183%

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

-70%
53%
-65%
119%
104%
-43%
-479%
-97%
-171%
-36%

Praj Industries Ltd · PRAJIND

86%
45%
68%
52%
44%
29%
13%
4.6%
42%
-13%
-41%
-57%
-94%
-65%
-129%
-70%
140%

Suzlon Energy Ltd · SUZLON

105%
-96%
79%
160%
-21%
199%
97%
91%
365%
7.3%
536%
15%
-5.7%
-5.9%

The Anup Engineering Ltd · ANUP

-38%
-19%
131%
-39%
271%
67%
44%
121%
29%
50%
51%
-27%
9.3%
-1.5%
-15%
-16%
-98%

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

-106%

Windsor Machines Ltd · WINDMACHIN

-113%
-7.2%
-76%
-181%
-2,630%
2,395%
-107%
10 · compare level, then change

Return On Capital Employed

Suzlon Energy Ltd has the highest ROCE among the 16 Capital Goods - Engineering Heavy companies compared here, at 34.2%. 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 34.2%, 3.6 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.

LeaderSuzlon Energy Ltd · 34.2%
Gap11.8% versus #2 · Concord Control Systems Ltd
Persistence6/8 recent comparable periods
Coverage16/16 companies · 178 observations

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.

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
3Disa India Ltd DISAQ⚠ unverified27%
ROCE changefastest improvers
1Walchandnagar Industries Ltd WALCHANNAG⚠ unverified+18.6 pp
2John Cockerill India Ltd COCKERILL+9.8 pp
3JNK India Ltd JNKINDIA+6.6 pp
5Suzlon Energy Ltd SUZLON+3.4 pp
Return on capital · company comparison
16/16 level · 16/16 change

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
CompanyROCEROCE changeReported
Suzlon Energy Ltd SUZLON26%+3.4 ppJun 2026
Disa India Ltd DISAQ⚠ unverified20%−0.5 ppJun 2026
The Anup Engineering Ltd ANUP20%−2.5 ppJun 2026
JNK India Ltd JNKINDIA14%+6.6 ppJun 2026
Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified11%−4.2 ppJun 2026
Bajaj Steel Industries Ltd BAJAJST⚠ unverified9.4%−9.4 ppJun 2026
Inox Wind Ltd INOXWIND8.3%−1.7 ppJun 2026
John Cockerill India Ltd COCKERILL6.5%+9.8 ppJun 2026
Praj Industries Ltd PRAJIND3.9%−11.0 ppJun 2026
Walchandnagar Industries Ltd WALCHANNAG⚠ unverified2.6%+18.6 ppJun 2026
Windsor Machines Ltd WINDMACHIN1.7%+1.0 ppJun 2026
Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified-0.3%−7.6 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Bajaj Steel Industries Ltd · BAJAJST⚠ unverified

41%
18%
17%
28%
25%
28%
19%
37%
19%
36%
19%
20%
17%
18%
9.4%

Disa India Ltd · DISAQ⚠ unverified

17%
20%
19%
14%
15%
23%
17%
25%
17%
27%
21%
26%
20%
27%
20%

Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified

-0.4%
2.1%
0.5%
2.1%
1.6%
5.0%
4.8%
10%
7.5%
13%
8.5%
17%
12%
16%
11%
16%
7.9%
14%
7.8%
11%

Inox Wind Ltd · INOXWIND

-11%
-15%
-16%
-10%
-6.4%
2.0%
4.2%
8.9%
10%
18%
10%
16%
9.0%
17%
8.3%

JNK India Ltd · JNKINDIA

10%
44%
45%
56%
17%
18%
7.7%
15%
7.2%
15%
14%

John Cockerill India Ltd · COCKERILL

-2.7%
2.5%
-5.6%
22%
12%
16%
7.8%
4.9%
-4.1%
-3.3%
-6.1%
4.0%
8.6%
6.5%

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

13%
12%
15%
16%
13%
12%
9.5%
11%
10%
14%
7.3%
8.4%
1.4%
1.5%
-0.3%

Praj Industries Ltd · PRAJIND

19%
18%
23%
26%
27%
36%
23%
33%
23%
29%
15%
15%
8.9%
7.2%
3.9%

Suzlon Energy Ltd · SUZLON

18%
27%
24%
21%
17%
30%
20%
29%
20%
21%
22%
34%
25%
34%
26%

The Anup Engineering Ltd · ANUP

18%
14%
13%
15%
20%
19%
20%
21%
22%
26%
24%
26%
20%

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

6.2%
5.0%
-0.3%
-14%
-13%
17%
-0.1%
3.7%
-4.1%
3.0%
-16%
-11%
-14%
-7.7%
2.6%

Windsor Machines Ltd · WINDMACHIN

4.0%
4.3%
6.2%
3.5%
4.3%
6.6%
1.7%
2.0%
-0.4%
5.8%
0.7%
3.6%
2.1%
0.5%
1.7%

ROCE change · reported quarter history

Bajaj Steel Industries Ltd · BAJAJST⚠ unverified

−24.1 pp
+10.1 pp
+8.3 pp
−9.3 pp
−5.5 pp
+7.8 pp
−0.2 pp
−16.2 pp
−2.6 pp
−17.6 pp
−9.4 pp

Disa India Ltd · DISAQ⚠ unverified

+2.6 pp
−6.6 pp
−4.9 pp
+3.2 pp
+2.9 pp
+4.3 pp
+4.0 pp
+0.9 pp
+2.7 pp
−0.6 pp
−0.5 pp

Eimco Elecon (India) Ltd · EIMCOELECO⚠ unverified

+2.0 pp
+2.9 pp
+4.3 pp
+8.0 pp
+5.9 pp
+7.7 pp
+3.7 pp
+6.5 pp
+4.0 pp
+3.5 pp
+2.8 pp
−1.0 pp
−3.6 pp
−2.3 pp
−3.5 pp
−4.2 pp

Inox Wind Ltd · INOXWIND

−5.6 pp
+9.8 pp
+19.0 pp
+16.8 pp
+15.6 pp
+5.8 pp
+7.5 pp
−1.4 pp
−1.0 pp
−1.7 pp

JNK India Ltd · JNKINDIA

+34.8 pp
−25.4 pp
−37.1 pp
−41.3 pp
−9.7 pp
−3.3 pp
+6.6 pp

John Cockerill India Ltd · COCKERILL

−2.9 pp
+27.6 pp
−17.1 pp
−16.5 pp
−19.0 pp
−13.9 pp
−0.9 pp
+12.7 pp
+9.8 pp

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

+1.8 pp
+3.1 pp
−1.8 pp
−6.0 pp
−2.3 pp
+2.0 pp
−2.2 pp
−2.7 pp
−9.0 pp
−12.1 pp
−7.6 pp

Praj Industries Ltd · PRAJIND

+3.4 pp
+7.6 pp
+4.6 pp
−2.9 pp
−4.1 pp
−6.5 pp
−7.9 pp
−18.3 pp
−14.1 pp
−21.9 pp
−11.0 pp

Suzlon Energy Ltd · SUZLON

+5.9 pp
−6.4 pp
−6.9 pp
−0.2 pp
+2.2 pp
−9.2 pp
+1.9 pp
+5.4 pp
+5.4 pp
+12.7 pp
+3.4 pp

The Anup Engineering Ltd · ANUP

−5.2 pp
+0.2 pp
+6.5 pp
+5.0 pp
+1.9 pp
+2.6 pp
+2.3 pp
−2.5 pp

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

−6.5 pp
−18.5 pp
−12.3 pp
+13.4 pp
+8.5 pp
−13.5 pp
−15.9 pp
−14.8 pp
−9.9 pp
−10.7 pp
+18.6 pp

Windsor Machines Ltd · WINDMACHIN

+2.2 pp
−0.8 pp
−1.9 pp
−1.8 pp
−4.7 pp
−0.8 pp
−1.0 pp
+1.6 pp
+2.5 pp
−5.3 pp
+1.0 pp
11 · compare level, then change

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.

LeaderSuzlon Energy Ltd · 0.47×
Gap61.5% versus #2 · Inox Wind Ltd
Persistence0/8 recent comparable periods
Coverage4/16 companies · 18 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
2Inox Wind Ltd INOXWIND1.2
P/Elowest P/E
1Hercules Investments Ltd HERCULES · older report8.6
2Suzlon Energy Ltd SUZLON19.1
3Bajaj Steel Industries Ltd BAJAJST⚠ unverified26.0
4JNK India Ltd JNKINDIA31.4
5Disa India Ltd DISAQ⚠ unverified31.7
Valuation · company comparison
4/16 level · 15/16 change
All-company data · latest reported quarter
CompanyPEGP/EReported
The Anup Engineering Ltd ANUP5.041.2Jun 2026
Praj Industries Ltd PRAJIND4.5144.7Jun 2026
Inox Wind Ltd INOXWIND1.238.1Jun 2026
Suzlon Energy Ltd SUZLON0.524.5Jun 2026
Integra Engineering India Ltd 50535848.3Jun 2026
Concord Control Systems Ltd 54361964.0Mar 2026
Bharat Heavy Electricals Ltd BHEL87.5Jun 2026
John Cockerill India Ltd COCKERILL109.4Jun 2026
Windsor Machines Ltd WINDMACHIN-620.6Jun 2026
Kabra Extrusion Technik Ltd KABRAEXTRU⚠ unverified194.8Jun 2026
JNK India Ltd JNKINDIA41.0Jun 2026
Disa India Ltd DISAQ⚠ unverified30.8Jun 2026
Walchandnagar Industries Ltd WALCHANNAG⚠ unverified-60.8Jun 2026
Eimco Elecon (India) Ltd EIMCOELECO⚠ unverified28.4Jun 2026
Bajaj Steel Industries Ltd BAJAJST⚠ unverified23.5Jun 2026
Hercules Investments Ltd HERCULES14.7Sep 2025
Full 20-quarter history · every available company

PEG · reported quarter history

Inox Wind Ltd · INOXWIND

1.2

Praj Industries Ltd · PRAJIND

0.9
1.0
0.6
0.5
0.8
0.8
2.6
4.5

Suzlon Energy Ltd · SUZLON

3.4
4.8
0.5

The Anup Engineering Ltd · ANUP

0.5
0.4
2.2
1.2
1.7
5.0

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

35.6
29.5
36.2
31.3
58.0
89.7
156.1
191.7
371.4
364.0
183.9
145.3
172.6
278.3
175.9
108.9
87.5

Concord Control Systems Ltd · 543619

2.3
58.6
37.9
86.6
44.5
68.9
64.0

Disa India Ltd · DISAQ⚠ unverified

28.2
24.8
35.2
22.5
26.2
29.5
35.6
49.3
54.5
59.9
48.1
50.5
59.3
51.0
39.1
39.9
36.5
32.2
30.1
30.8

Inox Wind Ltd · INOXWIND

-187.3
-476.9
230.9
157.1
250.8
100.5
69.3
45.1
37.3
25.0
38.1

JNK India Ltd · JNKINDIA

17.2
13.7
52.7
52.9
64.6
62.8
47.1
26.9
41.0

John Cockerill India Ltd · COCKERILL

-70.9
-272.5
1,012.9
55.6
64.5
43.8
48.2
64.5
-211.9
347.7
252.3
109.4

Kabra Extrusion Technik Ltd · KABRAEXTRU⚠ unverified

28.6
53.5
51.8
31.6
37.4
45.1
41.6
39.2
36.9
40.2
36.7
42.5
49.8
50.7
25.3
55.3
58.0
205.3
194.8

Praj Industries Ltd · PRAJIND

55.6
45.3
46.3
43.7
45.2
35.5
29.9
28.9
41.9
37.6
35.0
47.2
51.4
53.7
41.0
46.7
45.7
58.0
78.8
144.7

Suzlon Energy Ltd · SUZLON

-178.8
3.0
3.8
5.6
3.5
90.0
112.2
131.7
106.3
97.9
119.2
86.6
65.1
44.0
35.7
22.7
17.1
24.5

The Anup Engineering Ltd · ANUP

17.1
16.7
14.3
10.9
13.8
15.2
15.5
33.8
30.2
36.7
42.4
48.8
85.5
132.4
133.6
45.8
38.1
37.0
28.8
41.2

Walchandnagar Industries Ltd · WALCHANNAG⚠ unverified

-5.0
12.4
-17.4
-60.8

Windsor Machines Ltd · WINDMACHIN

14.8
31.9
52.3
94.0
102.4
31.8
45.5
84.6
41.7
79.7
48.1
60.0
565.5
79.1
-620.6
12 · before the conclusion, check the blind spots

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.
13 · evidence and freshness

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 2026-09-11.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · 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 standing7 cross-checked · 8 unverified · 1 withheld, of 16 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

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 2026-09-11. 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 17.2% over 52 weeks and 3.3% over 13 weeks. 8 of 16 covered companies beat NIFTY on Mansfield relative strength, while 6 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 70/100 with 83% 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.

Is there a Nifty Capital Goods - Engineering Heavy 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 Capital Goods - Engineering Heavy, this page builds its own equal-weight basket of 16 listed Capital Goods - Engineering Heavy 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 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. Bharat Heavy Electricals Ltd shows the biggest recent improvement, at +17 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 the ≥100% scoring cap, 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 34.2%, 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 17.2% over the last 52 weeks and 3.3% 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 70 out of 100 with 83% evidence confidence, from 32.2 points on growth and earnings, 14.5 on capital efficiency, 10.9 on valuation and 12.4 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 ₹2,53,404 crore of combined market value. Bharat Heavy Electricals Ltd is the largest at ₹1,50,077 crore, about 59% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

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 38.8×, 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 2026-09-17.

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 17.2% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

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.

Not SEBI Registered !! Not Investment advice !!

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