Sector Alpha Week of 2026-08-18
20-quarter listed-company comparison

Construction - Civil/Turnkey Stocks in India

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

01 · the index people search for

Nifty Construction - Civil/Turnkey Index — Constituents & Performance

The Construction - Civil/Turnkey companies below are the listed Indian Construction - Civil/Turnkey universe this page tracks — the same constituent set people search for as the Nifty Construction - Civil/Turnkey 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.

02 · the sector itself · before any single company

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

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 211% ahead of NIFTY 500. Earnings across its companies fell 3% on average over the last four reported quarters.

FADING · −1 in 4w~Price up, without the fundamentals confirming3 of 12 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 5/12 >200d (−2) · 3/12 lead (−1) · EPS 5/9↑

2005001000200020262025202420232022 1913324 TRAILING 12-MONTH EPS · 100 AT THE START0100110Jun 24Dec 24Jun 25Dec 25Jun 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2024 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 5 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 129.1% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 6.6% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 34.7% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 77, against 100 at the start · up 22.6% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 78, against 100 at the start · up 5.2% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 81, against 100 at the start · down 18.0% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 78, against 100 at the start · up 9.2% on a year ago · 8 reportingJun 2026 · trailing 12-month earnings per share at 82, against 100 at the start · down 9.1% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two82No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000200020262025202420232022 1913324 TRAILING 12-MONTH EPS · 100 AT THE START0100110Jun 24Jun 25Jun 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2024 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 5 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 129.1% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 6.6% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 34.7% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 77, against 100 at the start · up 22.6% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 78, against 100 at the start · up 5.2% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 81, against 100 at the start · down 18.0% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 78, against 100 at the start · up 9.2% on a year ago · 8 reportingJun 2026 · trailing 12-month earnings per share at 82, against 100 at the start · down 9.1% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two82No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Construction - Civil/Turnkey, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 12 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 Construction - Civil/Turnkey outperforming NIFTY 500?

Construction - Civil/Turnkey has outperformed NIFTY 500 by 7.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.9%. 4 of 11 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Effwa Infra & Research Ltd is the strongest against the sector itself at +38.2%.

-0.9%Sector vs NIFTY 500 · 13 weeks
+7.7%Sector vs NIFTY 500 · 52 weeks
4/11Stocks leading NIFTY 500
3/10Stocks leading sector

Sector metric: 36.0 as of 2026-08-09 · 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

Construction - Civil/Turnkey has outperformed NIFTY 500 by 7.7% over 52 weeks and 0.9% over 13 weeks. 4 of 11 covered companies beat NIFTY on Mansfield relative strength, while 3 of 10 beat the sector itself. Afcons Infrastructure Ltd leads with revenue of ₹11,249 crore, based on 11 of 13 comparable companies through Jun 2026.

Companies
13
complete canonical membership
Combined market value
₹36.2K Cr
Interise Trust
Revenue growing
8/9
positive TTM year-on-year growth
Beating NIFTY 500
4/11
positive Mansfield relative strength
Comparing 5 of 13
04 · research priority, made explicit

Best Construction - Civil/Turnkey Stocks in India (Aug 2026), Ranked by Data

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%
SRM Contractors Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 80% evidence confidence.
Afcons Infrastructure Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Effwa Infra & Research Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

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

Top 10 Construction - Civil/Turnkey Stocks in India

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1SRM Contractors LtdSRM 67.6/100Favorable setup80% evidence ASLEEP 29.1/35 Revenue 75.5% · PAT 87.3% · OPM change 5 pp 95% evidence 19.8/25 ROCE 37.1% · OPM 19% 95% evidence 10.8/20 P/E 9.4× · PEG — 15% evidence 7.9/20 RS sector -6.3% · RS bench -4.8% · 1Y 2.9%6 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 19.8 + 10.8 + 7.9 = 67.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Effwa Infra & Research LtdEFFWA 66.4/100Thin evidence · provisional56% evidence LEADER 16.8/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 19.9/25 ROCE 29.3% · OPM 16% 95% evidence 10.0/20 P/E 29.2× · PEG — 15% evidence 19.7/20 RS sector 38.2% · RS bench 39.6% · 1Y 58.3%12 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 19.9 + 10 + 19.7 = 66.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Brahmaputra Infrastructure Ltd535693 62.6/100Mixed-positive evidence63% evidence 22.9/35 Revenue 50.4% · PAT 100% · OPM change -8 pp 83% evidence 14.8/25 ROCE 18.2% · OPM 22% 76% evidence 13.0/20 P/E 8× · PEG — 50% evidence 11.9/20 RS sector — · RS bench 20.3% · 1Y — 25% evidence
Exact sum: 22.9 + 14.8 + 13 + 11.9 = 62.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Gayatri Projects LtdGAYAPROJ 62.2/100Mixed-positive evidence73% evidence LEADER 27.0/35 Revenue 100% · PAT 100% · OPM change 6 pp 71% evidence 6.1/25 ROCE 7% · OPM 18% 95% evidence 12.7/20 P/E 7.9× · PEG — 50% evidence 16.4/20 RS sector 12.3% · RS bench 42.4% · 1Y 151.6%10 of 12 weeks ahead 70% evidence
Exact sum: 27 + 6.1 + 12.7 + 16.4 = 62.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Ceigall India LtdCEIGALL 55.4/100Mixed-positive evidence75% evidence FADING 19.6/35 Revenue 20.3% · PAT 23.5% · OPM change 2 pp 95% evidence 13.9/25 ROCE 17.3% · OPM 15% 76% evidence 10.2/20 P/E 17.2× · PEG — 15% evidence 11.7/20 RS sector 4.8% · RS bench 6.1% · 1Y 23.5%8 of 12 weeks ahead 100% evidence
Exact sum: 19.6 + 13.9 + 10.2 + 11.7 = 55.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Sathlokhar Synergys E&C Global LtdSSEGL 49.1/100Thin evidence · provisional57% evidence BASING 16.8/35 Revenue — · PAT — · OPM change 4 pp 45% evidence 16.8/25 ROCE 37.1% · OPM 15% 95% evidence 11.5/20 P/E 7.7× · PEG — 15% evidence 4.0/20 RS sector -31.4% · RS bench -26.9% · 1Y -32.2%0 of 10 weeks ahead 70% evidence
Exact sum: 16.8 + 16.8 + 11.5 + 4 = 49.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Interise TrustINTERISE 43.3/100Thin evidence · provisional55% evidence 16.2/35 Revenue 0.8% · PAT 100% · OPM change -3 pp 95% evidence 8.6/25 ROCE 10.8% · OPM 72% 76% evidence 8.5/20 P/E 247× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 16.2 + 8.6 + 8.5 + 10 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8B.L.Kashyap & Sons LtdBLKASHYAP 42.7/100Mixed-negative evidence74% evidence ASLEEP 17.4/35 Revenue 21.9% · PAT -80% · OPM change 0 pp 95% evidence 8.6/25 ROCE 13% · OPM 8% 95% evidence 9.8/20 P/E 31.6× · PEG — 15% evidence 6.9/20 RS sector -22.6% · RS bench -7.7% · 1Y -26.6%2 of 10 weeks ahead 70% evidence
Exact sum: 17.4 + 8.6 + 9.8 + 6.9 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Denta Water & Infra Solutions LtdDENTA 42.7/100Mixed-negative evidence74% evidence BREAKING OUT 10.6/35 Revenue 10% · PAT -10.2% · OPM change -11 pp 95% evidence 15.7/25 ROCE 18.8% · OPM 22% 95% evidence 10.5/20 P/E 14.8× · PEG — 15% evidence 5.9/20 RS sector -26.8% · RS bench -10.8% · 1Y -4.3%7 of 10 weeks ahead 70% evidence
Exact sum: 10.6 + 15.7 + 10.5 + 5.9 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10A B Infrabuild LtdABINFRA 31.8/100Adverse evidence80% evidence BASING 9.9/35 Revenue 6.8% · PAT -5.5% · OPM change -2 pp 95% evidence 11.4/25 ROCE 16.1% · OPM 13.9% 95% evidence 9.5/20 P/E 35.4× · PEG — 15% evidence 1.0/20 RS sector -37.1% · RS bench -35.5% · 1Y -42%0 of 12 weeks ahead 100% evidence
Exact sum: 9.9 + 11.4 + 9.5 + 1 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Afcons Infrastructure LtdAFCONS 30.7/100Adverse evidence87% evidence ASLEEP 5.4/35 Revenue -11.9% · PAT -73.1% · OPM change -4 pp 100% evidence 6.8/25 ROCE 13.9% · OPM 9% 100% evidence 13.6/20 P/E 48.2× · PEG 0.82 65% evidence 4.9/20 RS sector -30% · RS bench -25.8% · 1Y -33.9%3 of 10 weeks ahead 70% evidence
Exact sum: 5.4 + 6.8 + 13.6 + 4.9 = 30.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12HRS Aluglaze Ltd544656 53.6/100Thin evidence · provisional18% evidence 17.9/35 Revenue — · PAT — · OPM change — 3% evidence 17.0/25 ROCE 20.2% · OPM 32% 57% evidence 8.7/20 P/E 105× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 2 weeks ahead to 2026-03-29 0% evidence
Exact sum: 17.9 + 17 + 8.7 + 10 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13GHV Infra Projects Ltd505504 51.0/100Thin evidence · provisional37% evidence TURNING 18.0/35 Revenue — · PAT — · OPM change 0 pp 17% evidence 12.7/25 ROCE — · OPM 11.1% 30% evidence 9.3/20 P/E 38.4× · PEG — 15% evidence 11.0/20 RS sector -6.2% · RS bench -4.4% · 1Y -20.1%1 of 12 weeks ahead 100% evidence
Exact sum: 18 + 12.7 + 9.3 + 11 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 13 companies
05 · what price has already done

Market action

Gayatri Projects Ltd has the strongest one-year price move in Construction - Civil/Turnkey at +151.6%. It also leads on Mansfield relative strength against NIFTY at +42.4%. 4 of 11 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

Price and relative strength

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

06 · the story behind the numbers

Construction - Civil/Turnkey — the story behind the numbers

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

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

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

How old this read is: This read comes from our Construction - Civil/Turnkey sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks.

What is live in this sector right now

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

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

07 · compare level, then change

Revenue Scale & Growth Durability

Afcons Infrastructure Ltd has the highest Revenue among the 13 Construction - Civil/Turnkey companies compared here, at ₹11,249 crore. Ceigall India Ltd is next at ₹4,155 crore. Gayatri Projects Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Afcons Infrastructure Ltd is the scale leader at ₹11,249 crore, 170.7% ahead of Ceigall India Ltd. Gayatri Projects Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 144.8% from a ₹999 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAfcons Infrastructure Ltd · ₹11,249 crore
Gap170.7% versus #2 · Ceigall India Ltd
Persistence3/8 recent comparable periods
Coverage11/13 companies · 138 observations

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

This conclusion weakens if: Afcons Infrastructure Ltd's growth falls below Gayatri Projects Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Afcons Infrastructure Ltd AFCONS₹11.2K Cr
2Ceigall India Ltd CEIGALL₹4.2K Cr
3Interise Trust INTERISE₹3.6K Cr
4B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified₹1.4K Cr
5SRM Contractors Ltd SRM⚠ unverified₹1.1K Cr
Revenue growthfastest growers
1Gayatri Projects Ltd GAYAPROJ⚠ unverified100%
2SRM Contractors Ltd SRM⚠ unverified76%
3Brahmaputra Infrastructure Ltd 53569350%
4B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified22%
5Ceigall India Ltd CEIGALL20%
Revenue · company comparison
11/13 level · 9/13 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
Afcons Infrastructure Ltd AFCONS₹2.7K Cr-21%Jun 2026
Ceigall India Ltd CEIGALL₹970 Cr16%Jun 2026
Interise Trust INTERISE₹870 Cr-2.9%Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified₹345 Cr2.7%Jun 2026
Gayatri Projects Ltd GAYAPROJ⚠ unverified₹229 Cr197%Jun 2026
GHV Infra Projects Ltd 505504₹219 Cr646%Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified₹205 Cr67%Jun 2026
SRM Contractors Ltd SRM⚠ unverified₹196 Cr38%Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified₹163 Cr31%Mar 2026
Brahmaputra Infrastructure Ltd 535693₹94 Cr-8.7%Mar 2026
A B Infrabuild Ltd ABINFRA⚠ unverified₹76 Cr26%Jun 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified₹59 Cr-12%Jun 2026
HRS Aluglaze Ltd 544656₹26 Cr—Sep 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

A B Infrabuild Ltd · ABINFRA⚠ unverified

—
—
—
—
₹43 Cr
—
₹80 Cr
—
₹54 Cr
₹52 Cr
₹24 Cr
₹14 Cr
₹47 Cr
₹75 Cr
₹72 Cr
₹61 Cr
₹37 Cr
₹74 Cr
₹84 Cr
₹76 Cr

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
₹3.2K Cr
₹3.3K Cr
₹3.1K Cr
₹3.6K Cr
₹3.2K Cr
₹3.0K Cr
₹3.2K Cr
₹3.2K Cr
₹3.4K Cr
₹3.0K Cr
₹3.0K Cr
₹2.6K Cr
₹2.7K Cr

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

—
—
—
—
—
₹253 Cr
₹276 Cr
₹253 Cr
₹327 Cr
₹324 Cr
₹341 Cr
₹350 Cr
₹267 Cr
₹242 Cr
₹294 Cr
₹336 Cr
₹355 Cr
₹324 Cr
₹364 Cr
₹345 Cr

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
₹650 Cr
₹741 Cr
₹695 Cr
₹944 Cr
₹822 Cr
₹772 Cr
₹831 Cr
₹1.0K Cr
₹838 Cr
₹807 Cr
₹991 Cr
₹1.4K Cr
₹970 Cr

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
₹46 Cr
₹104 Cr
₹49 Cr
₹48 Cr
₹51 Cr
₹54 Cr
₹67 Cr
₹74 Cr
₹54 Cr
₹55 Cr
₹59 Cr

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
₹33 Cr
—
₹112 Cr
—
₹61 Cr
—
₹124 Cr
—
₹90 Cr
—
₹163 Cr
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

—
—
—
—
—
₹233 Cr
₹186 Cr
₹185 Cr
₹200 Cr
₹130 Cr
₹164 Cr
₹119 Cr
₹103 Cr
₹91 Cr
₹137 Cr
₹77 Cr
₹73 Cr
₹506 Cr
₹191 Cr
₹229 Cr

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
₹18 Cr
—
—
₹184 Cr
₹138 Cr
₹214 Cr
₹219 Cr

HRS Aluglaze Ltd · 544656

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹26 Cr
—
—
—

Interise Trust · INTERISE

—
—
—
—
₹550 Cr
—
₹442 Cr
—
—
—
—
₹876 Cr
₹887 Cr
₹884 Cr
₹880 Cr
₹896 Cr
₹889 Cr
₹910 Cr
₹906 Cr
₹870 Cr

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
₹38 Cr
₹186 Cr
₹123 Cr
₹195 Cr
₹272 Cr
₹277 Cr
₹205 Cr

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
₹103 Cr
₹40 Cr
₹108 Cr
₹87 Cr
₹108 Cr
₹55 Cr
₹95 Cr
₹150 Cr
₹228 Cr
₹142 Cr
₹206 Cr
₹231 Cr
₹446 Cr
₹196 Cr

Revenue growth · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

—
—
—
—
—
—
—
—
24%
—
-70%
—
-12%
44%
203%
328%
-21%
-0.8%
17%
26%

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
-0.5%
-11%
2.7%
-11%
6.9%
1.0%
-7.3%
-19%
-21%

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

—
—
—
—
—
—
—
—
—
28%
24%
38%
-18%
-25%
-14%
-4.0%
33%
34%
24%
2.7%

Brahmaputra Infrastructure Ltd · 535693

—
—
—
—
—
—
—
—
—
—
26%
46%
-48%
-40%
91%
16%
184%
191%
-8.7%
—

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
—
—
—
—
26%
4.2%
20%
7.2%
2.0%
4.5%
19%
37%
16%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
11%
-48%
37%
54%
5.9%
1.9%
-12%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
85%
—
11%
—
48%
—
31%
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

—
—
—
—
—
—
—
—
—
-44%
-12%
-36%
-49%
-30%
-16%
-35%
-29%
456%
39%
197%

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
646%
—
—

Interise Trust · INTERISE

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.3%
0.2%
2.9%
3.0%
-2.9%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
616%
49%
67%

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
—
—
—
—
4.9%
38%
-12%
72%
111%
158%
117%
54%
96%
38%
08 · compare level, then change

Operating Economics & Margin Trend

Interise Trust has the highest OPM among the 13 Construction - Civil/Turnkey companies compared here, at 72%. HRS Aluglaze Ltd is next at 32%. Gayatri Projects Ltd has the highest Margin change at +6 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

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

LeaderInterise Trust · 72%
Gap125% versus #2 · HRS Aluglaze Ltd
Persistence4/8 recent comparable periods
Coverage13/13 companies · 163 observations

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

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Interise Trust INTERISE72%
2HRS Aluglaze Ltd 544656 · older report32%
3Brahmaputra Infrastructure Ltd 53569322%
4Denta Water & Infra Solutions Ltd DENTA⚠ unverified22%
5SRM Contractors Ltd SRM⚠ unverified19%
Margin changefastest expanders
1Gayatri Projects Ltd GAYAPROJ⚠ unverified+6.0 pp
2SRM Contractors Ltd SRM⚠ unverified+5.0 pp
3Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified+4.0 pp
4Ceigall India Ltd CEIGALL+2.0 pp
5B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified0.0 pp
Operating margin · company comparison
13/13 level · 12/13 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Interise Trust INTERISE72%−3.0 ppJun 2026
HRS Aluglaze Ltd 54465632%—Sep 2025
Brahmaputra Infrastructure Ltd 53569322%−8.0 ppMar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified22%−11.0 ppJun 2026
SRM Contractors Ltd SRM⚠ unverified19%+5.0 ppJun 2026
Gayatri Projects Ltd GAYAPROJ⚠ unverified18%+6.0 ppJun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified16%−2.0 ppMar 2026
Ceigall India Ltd CEIGALL15%+2.0 ppJun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified15%+4.0 ppJun 2026
A B Infrabuild Ltd ABINFRA⚠ unverified14%−2.0 ppJun 2026
GHV Infra Projects Ltd 50550411%−0.0 ppJun 2026
Afcons Infrastructure Ltd AFCONS9.0%−4.0 ppJun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified8.0%0.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

A B Infrabuild Ltd · ABINFRA⚠ unverified

-0.4%
—
24%
—
4.6%
—
13%
—
13%
12%
20%
23%
16%
13%
17%
16%
15%
15%
14%
14%

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
10%
10%
12%
10%
11%
12%
11%
9.0%
13%
11%
14%
1.6%
9.0%

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

11%
9.5%
1.5%
11%
7.1%
9.0%
8.0%
10%
9.0%
7.0%
10%
9.0%
8.0%
2.6%
2.5%
8.0%
6.0%
9.0%
7.0%
8.0%

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
13%
17%
20%
17%
18%
16%
15%
13%
13%
14%
14%
16%
15%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
19%
34%
36%
31%
36%
30%
33%
32%
33%
19%
22%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
9.0%
—
16%
—
12%
—
18%
—
17%
—
16%
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

-11%
-22%
-46%
-97%
-45%
-100%
-46%
8.0%
4.1%
14%
-28%
-3.5%
21%
9.0%
-19%
12%
0.6%
-6.0%
9.0%
18%

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
20%
—
—
12%
20%
18%
11%

HRS Aluglaze Ltd · 544656

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
32%
—
—
—

Interise Trust · INTERISE

64%
—
40%
—
14%
—
-97%
—
64%
—
58%
66%
53%
73%
67%
75%
73%
72%
62%
72%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
12%
—
15%
—
16%
15%
11%
11%
15%
15%
15%
15%

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
13%
17%
13%
8.0%
12%
18%
16%
15%
15%
14%
14%
19%
17%
19%

Margin change · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

−6.0 pp
—
+17.5 pp
—
+5.0 pp
—
−10.3 pp
—
+8.7 pp
—
+6.5 pp
—
+2.6 pp
+1.2 pp
−2.4 pp
−6.9 pp
−1.1 pp
+1.6 pp
−3.1 pp
−2.0 pp

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
+1.0 pp
+2.0 pp
−1.0 pp
−1.0 pp
+2.0 pp
−1.0 pp
+3.0 pp
−7.4 pp
−4.0 pp

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

+1.9 pp
−0.9 pp
−5.8 pp
+1.1 pp
−4.1 pp
−0.5 pp
+6.5 pp
−1.1 pp
+1.9 pp
−2.0 pp
+2.0 pp
−1.0 pp
−1.0 pp
−4.4 pp
−7.5 pp
−1.0 pp
−2.0 pp
+6.4 pp
+4.5 pp
0.0 pp

Brahmaputra Infrastructure Ltd · 535693

−29.4 pp
+14.9 pp
+14.3 pp
−2.7 pp
−1.4 pp
+2.8 pp
+2.7 pp
+1.6 pp
−3.9 pp
+2.2 pp
−1.0 pp
0.0 pp
−3.0 pp
−13.0 pp
+12.0 pp
+8.0 pp
+10.0 pp
+9.0 pp
−8.0 pp
—

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
—
—
—
—
+5.0 pp
−1.0 pp
−5.0 pp
−4.0 pp
−5.0 pp
−2.0 pp
−1.0 pp
+3.0 pp
+2.0 pp

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
+17.0 pp
−4.0 pp
−3.0 pp
+1.0 pp
−3.0 pp
−11.0 pp
−11.0 pp

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
+3.0 pp
—
+2.0 pp
—
+5.0 pp
—
−2.0 pp
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

−23.6 pp
−35.3 pp
−54.1 pp
−108.9 pp
−34.7 pp
−78.1 pp
+0.4 pp
+104.8 pp
+49.5 pp
+114.0 pp
+18.0 pp
−11.5 pp
+16.9 pp
−5.0 pp
+9.0 pp
+15.5 pp
−20.4 pp
−15.0 pp
+28.0 pp
+6.0 pp

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−0.0 pp
—
—

Interise Trust · INTERISE

−0.9 pp
—
−11.6 pp
—
−49.5 pp
—
−137.2 pp
—
+49.6 pp
—
+155.0 pp
—
−10.6 pp
—
+9.0 pp
+9.0 pp
+20.0 pp
−1.0 pp
−5.0 pp
−3.0 pp

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
+4.0 pp
—
−4.0 pp
—
−0.7 pp
0.0 pp
+4.0 pp
+4.0 pp

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
—
—
—
—
−1.0 pp
+1.0 pp
+3.0 pp
+7.0 pp
+3.0 pp
−4.0 pp
−2.0 pp
+4.0 pp
+2.0 pp
+5.0 pp
09 · compare level, then change

Profit Scale & Acceleration

Gayatri Projects Ltd has the highest Net profit among the 13 Construction - Civil/Turnkey companies compared here, at ₹2,080 crore. Ceigall India Ltd is next at ₹321 crore. Brahmaputra Infrastructure Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Gayatri Projects Ltd leads with ₹2,080 crore of TTM profit, 548% above Ceigall India Ltd. Brahmaputra Infrastructure Ltd shows ≥100% on the scoring scale (106.9% uncapped) growth from a ₹60 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGayatri Projects Ltd · ₹2,080 crore
Gap548% versus #2 · Ceigall India Ltd
Persistence1/3 recent comparable periods
Coverage11/13 companies · 138 observations

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

This conclusion weakens if: The next two comparable reports reverse the current 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
1Gayatri Projects Ltd GAYAPROJ⚠ unverified₹2.1K Cr
2Ceigall India Ltd CEIGALL₹321 Cr
3Afcons Infrastructure Ltd AFCONS₹143 Cr
4SRM Contractors Ltd SRM⚠ unverified₹118 Cr
5Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified₹102 Cr
Profit growthfastest growers
1Brahmaputra Infrastructure Ltd 535693100%
2Interise Trust INTERISE100%
3SRM Contractors Ltd SRM⚠ unverified87%
4Ceigall India Ltd CEIGALL24%
5A B Infrabuild Ltd ABINFRA⚠ unverified-5.5%
Net profit · company comparison
11/13 level · 8/13 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Ceigall India Ltd CEIGALL₹64 Cr25%Jun 2026
Gayatri Projects Ltd GAYAPROJ⚠ unverified₹37 Cr-170%Jun 2026
Interise Trust INTERISE₹32 Cr14%Jun 2026
Afcons Infrastructure Ltd AFCONS₹30 Cr-78%Jun 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified₹21 Cr133%Jun 2026
SRM Contractors Ltd SRM⚠ unverified₹20 Cr54%Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified₹18 Cr20%Mar 2026
Brahmaputra Infrastructure Ltd 535693₹15 Cr-32%Mar 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified₹11 Cr-42%Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified₹10 Cr-9.1%Jun 2026
GHV Infra Projects Ltd 505504₹7 Cr392%Jun 2026
A B Infrabuild Ltd ABINFRA⚠ unverified₹5 Cr4.3%Jun 2026
HRS Aluglaze Ltd 544656₹5 Cr—Sep 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

A B Infrabuild Ltd · ABINFRA⚠ unverified

—
—
—
—
₹1 Cr
—
₹7 Cr
—
₹4 Cr
₹3 Cr
₹2 Cr
₹1 Cr
₹4 Cr
₹5 Cr
₹7 Cr
₹5 Cr
₹2 Cr
₹6 Cr
₹6 Cr
₹5 Cr

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
₹91 Cr
₹104 Cr
₹110 Cr
₹145 Cr
₹92 Cr
₹135 Cr
₹149 Cr
₹111 Cr
₹137 Cr
₹105 Cr
₹97 Cr
₹-89 Cr
₹30 Cr

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

—
—
—
—
—
₹37 Cr
₹-32 Cr
₹10 Cr
₹12 Cr
₹7 Cr
₹24 Cr
₹20 Cr
₹9 Cr
₹1 Cr
₹-3 Cr
₹11 Cr
₹-9 Cr
₹12 Cr
₹-13 Cr
₹10 Cr

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
₹44 Cr
₹74 Cr
₹78 Cr
₹108 Cr
₹78 Cr
₹66 Cr
₹71 Cr
₹72 Cr
₹51 Cr
₹56 Cr
₹72 Cr
₹129 Cr
₹64 Cr

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
₹7 Cr
₹27 Cr
₹13 Cr
₹11 Cr
₹15 Cr
₹14 Cr
₹19 Cr
₹19 Cr
₹14 Cr
₹9 Cr
₹11 Cr

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
₹1 Cr
—
₹13 Cr
—
₹5 Cr
—
₹15 Cr
—
₹10 Cr
—
₹18 Cr
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

—
—
—
—
—
₹-292 Cr
₹-552 Cr
₹-38 Cr
₹4 Cr
₹-12 Cr
₹88 Cr
₹-13 Cr
₹-20 Cr
₹-2 Cr
₹159 Cr
₹-1 Cr
₹-3 Cr
₹2.2K Cr
₹-111 Cr
₹37 Cr

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
₹3 Cr
—
—
₹11 Cr
₹15 Cr
₹18 Cr
₹7 Cr

HRS Aluglaze Ltd · 544656

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹5 Cr
—
—
—

Interise Trust · INTERISE

—
—
—
—
₹-84 Cr
—
₹-591 Cr
—
—
—
—
₹-8 Cr
₹-149 Cr
₹31 Cr
₹55 Cr
₹28 Cr
₹37 Cr
₹31 Cr
₹-53 Cr
₹32 Cr

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
₹4 Cr
₹18 Cr
₹9 Cr
₹22 Cr
₹29 Cr
₹30 Cr
₹21 Cr

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
₹7 Cr
₹3 Cr
₹13 Cr
₹4 Cr
₹6 Cr
₹5 Cr
₹10 Cr
₹16 Cr
₹24 Cr
₹13 Cr
₹20 Cr
₹24 Cr
₹54 Cr
₹20 Cr

Profit growth · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

—
—
—
—
—
—
—
—
459%
—
-76%
—
-12%
91%
308%
848%
-41%
16%
-11%
4.3%

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
1.1%
30%
35%
-23%
49%
-22%
-35%
-180%
-78%

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

—
—
—
—
—
—
—
—
—
-81%
—
100%
-25%
-86%
-113%
-45%
-200%
1,100%
—
-9.1%

Brahmaputra Infrastructure Ltd · 535693

—
—
—
—
—
—
—
—
—
—
100%
75%
-100%
-100%
450%
114%
—
—
-32%
—

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
—
—
—
—
77%
-11%
-9.0%
-33%
-35%
-15%
1.4%
79%
25%

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
114%
-48%
46%
73%
-6.7%
-36%
-42%

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
400%
—
15%
—
100%
—
20%
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
-600%
—
81%
—
—
—
-170%
—

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
392%
—
—

Interise Trust · INTERISE

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
-196%
14%

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
625%
67%
133%

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
—
—
—
—
-14%
67%
-23%
300%
300%
160%
100%
50%
125%
54%
10 · compare level, then change

Return On Capital Employed

SRM Contractors Ltd has the highest ROCE among the 13 Construction - Civil/Turnkey companies compared here, at 37.1%. Gayatri Projects Ltd has the highest ROCE change at +22.2 percentage points, so level and change sit with different companies. 12 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: SRM Contractors Ltd leads ROCE at 37.1%, 0 percentage points above Sathlokhar Synergys E&C Global Ltd. Gayatri Projects Ltd has the strongest latest improvement at +22.2 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.

LeaderSRM Contractors Ltd · 37.1%
Gap0% versus #2 · Sathlokhar Synergys E&C Global Ltd
Persistence7/7 recent comparable periods
Coverage12/13 companies · 90 observations

Investor read: SRM Contractors 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
1SRM Contractors Ltd SRM⚠ unverified37%
2Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified37%
3Effwa Infra & Research Ltd EFFWA⚠ unverified29%
4HRS Aluglaze Ltd 544656 · older report20%
5Denta Water & Infra Solutions Ltd DENTA⚠ unverified19%
ROCE changefastest improvers
1Gayatri Projects Ltd GAYAPROJ⚠ unverified+22.2 pp
2HRS Aluglaze Ltd 544656 · older report+8.8 pp
3Brahmaputra Infrastructure Ltd 535693+7.0 pp
4B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified+5.5 pp
5SRM Contractors Ltd SRM⚠ unverified+4.4 pp
Return on capital · company comparison
12/13 level · 12/13 change

Withheld from this chart: Ceigall India Ltd (CEIGALL) — its two data sources disagree by up to 3.3% on reported income across 12 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified60%−5.1 ppJun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified31%+0.1 ppMar 2026
SRM Contractors Ltd SRM⚠ unverified28%+4.4 ppJun 2026
A B Infrabuild Ltd ABINFRA⚠ unverified16%−3.6 ppJun 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified16%−0.6 ppJun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified13%+5.5 ppJun 2026
Gayatri Projects Ltd GAYAPROJ⚠ unverified9.1%+22.2 ppJun 2026
Afcons Infrastructure Ltd AFCONS8.6%−1.7 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

-5.1%
5.0%
14%
16%
19%
24%
33%
—
26%
—
20%
24%
16%
22%
20%
29%
17%
25%
16%
—

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
6.5%
—
14%
14%
13%
20%
10%
18%
11%
16%
8.6%
—

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

14%
—
12%
—
12%
—
15%
—
14%
10%
16%
20%
14%
18%
7.8%
13%
6.9%
13%
13%
—

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
9.4%
—
—
34%
—
41%
59%
17%
27%
19%
28%
16%
—

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
53%
—
30%
—
30%
—
36%
—
31%
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

9.5%
—
-56%
—
463%
—
53%
—
18%
-71%
-2.5%
8.8%
-2.2%
8.7%
-13%
19%
-13%
283%
9.1%
—

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
50%
86%
29%
35%
—
26%
26%
30%
60%
—
—

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
13%
—
—
31%
20%
35%
13%
31%
24%
42%
28%
42%
28%
—

ROCE change · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

—
—
—
—
+24.5 pp
+19.2 pp
+18.7 pp
—
+6.4 pp
—
−13.1 pp
—
−9.5 pp
—
+0.4 pp
+5.2 pp
+1.1 pp
+3.5 pp
−3.6 pp
—

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
—
+6.8 pp
—
−3.6 pp
+4.5 pp
−2.5 pp
−4.1 pp
−1.7 pp
—

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

—
—
—
—
−2.0 pp
—
+2.9 pp
—
+2.6 pp
—
+0.7 pp
—
+0.1 pp
+7.5 pp
−7.9 pp
−7.2 pp
−7.3 pp
−4.3 pp
+5.5 pp
—

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
−17.2 pp
—
−22.4 pp
−30.3 pp
−0.6 pp
—

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
−22.3 pp
—
+6.1 pp
—
+0.1 pp
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

—
—
—
—
+453.8 pp
—
+108.5 pp
—
−444.9 pp
—
−55.3 pp
—
−20.6 pp
+79.9 pp
−10.6 pp
+10.5 pp
−11.0 pp
+274.2 pp
+22.2 pp
—

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
−59.9 pp
−3.0 pp
−5.1 pp
—
—
—

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
—
—
—
—
+7.0 pp
—
—
+0.4 pp
+3.4 pp
+6.7 pp
+15.2 pp
+10.7 pp
+4.4 pp
—
11 · compare level, then change

Valuation Against Growth & Quality

Afcons Infrastructure Ltd has the lowest PEG among the 13 Construction - Civil/Turnkey companies compared here, at 0.82×. Sathlokhar Synergys E&C Global Ltd has the lowest P/E at 7.71×, so level and change sit with different companies. 1 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Afcons Infrastructure Ltd has the lowest comparable PEG at 0.82×. Only 1 of 13 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAfcons Infrastructure Ltd · 0.82×
GapNot enough peers
Persistence0/7 recent comparable periods
Coverage1/13 companies · 2 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Afcons Infrastructure Ltd AFCONS0.8
P/Elowest P/E
1Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified7.7
2Gayatri Projects Ltd GAYAPROJ⚠ unverified7.9
3Brahmaputra Infrastructure Ltd 5356938.0
4SRM Contractors Ltd SRM⚠ unverified9.4
5Denta Water & Infra Solutions Ltd DENTA⚠ unverified14.8
Valuation · company comparison
1/13 level · 13/13 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Afcons Infrastructure Ltd AFCONS0.837.7Jun 2026
GHV Infra Projects Ltd 505504—31.0Jun 2026
Brahmaputra Infrastructure Ltd 535693—6.6Mar 2026
Ceigall India Ltd CEIGALL—21.4Jun 2026
B.L.Kashyap & Sons Ltd BLKASHYAP⚠ unverified—91.0Jun 2026
SRM Contractors Ltd SRM⚠ unverified—10.5Jun 2026
Gayatri Projects Ltd GAYAPROJ⚠ unverified—4.6Jun 2026
Effwa Infra & Research Ltd EFFWA⚠ unverified—16.6Mar 2026
Sathlokhar Synergys E&C Global Ltd SSEGL⚠ unverified—10.2Jun 2026
Denta Water & Infra Solutions Ltd DENTA⚠ unverified—14.2Jun 2026
A B Infrabuild Ltd ABINFRA⚠ unverified—39.1Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
—
—
1.5
—
0.8
—
—
—
—

P/E · reported quarter history

A B Infrabuild Ltd · ABINFRA⚠ unverified

7.2
6.1
14.9
29.0
44.7
7.7
15.1
8.8
6.5
9.5
11.0
25.0
35.9
59.8
71.1
61.9
71.8
57.5
51.3
39.1

Afcons Infrastructure Ltd · AFCONS

—
—
—
—
—
—
—
—
—
—
—
—
—
39.3
36.2
32.2
29.7
28.5
20.3
37.7

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

-48.3
-59.4
13.6
28.3
26.4
54.8
20.0
20.3
30.3
27.6
53.2
38.7
36.2
31.2
23.1
70.7
84.4
79.5
116.3
91.0

Brahmaputra Infrastructure Ltd · 535693

15.2
14.8
6.1
5.0
16.4
11.5
8.9
11.0
11.5
14.4
14.4
17.8
10.2
9.3
9.2
6.8
6.6
7.3
6.6
—

Ceigall India Ltd · CEIGALL

—
—
—
—
—
—
—
—
—
—
—
—
20.1
16.7
12.7
14.5
17.1
17.5
18.0
21.4

Denta Water & Infra Solutions Ltd · DENTA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
9.1
11.4
17.4
12.4
9.6
14.2

Effwa Infra & Research Ltd · EFFWA⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
33.2
—
18.3
—
24.6
—
16.6
—

Gayatri Projects Ltd · GAYAPROJ⚠ unverified

12.4
9.3
—
—
—
—
—
—
-0.1
—
3.7
—
—
—
1.0
—
—
0.1
1.3
4.6

GHV Infra Projects Ltd · 505504

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
117.2
31.0

Sathlokhar Synergys E&C Global Ltd · SSEGL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
3.5
3.7
3.4
22.1
26.8
20.1
13.5
10.2

SRM Contractors Ltd · SRM⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
16.0
16.5
31.5
18.7
19.8
19.8
17.0
11.5
10.5
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Construction - Civil/Turnkey comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 13 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 7 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.
  • 7 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 13 Construction - Civil/Turnkey companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-14 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 11 unverified · 1 withheld, of 13 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Construction - Civil/Turnkey company comparison FAQs

These 24 answers restate the Construction - Civil/Turnkey comparison above in question form. Every one is computed from the same 13 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.

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

Construction - Civil/Turnkey has outperformed NIFTY 500 by 7.7% over 52 weeks and 0.9% over 13 weeks. 4 of 11 covered companies beat NIFTY on Mansfield relative strength, while 3 of 10 beat the sector itself.

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

Afcons Infrastructure Ltd leads with revenue of ₹11,249 crore, based on 11 of 13 comparable companies through Jun 2026.

Which Construction - Civil/Turnkey company is growing fastest?

Gayatri Projects Ltd has the fastest current revenue growth at 100%, across 9 of 13 comparable companies.

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

SRM Contractors Ltd ranks first at 67.6/100 with 80% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Afcons Infrastructure Ltd has the lowest comparable PEG at 0.82, among 1 of 13 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

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

How is the 4-Factor Sector Score calculated?

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

Is there a Nifty Construction - Civil/Turnkey index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Construction - Civil/Turnkey, this page builds its own equal-weight basket of 13 listed Construction - Civil/Turnkey companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

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

Ranked by this page's four-factor score, SRM Contractors Ltd places first among 13 listed Construction - Civil/Turnkey companies, followed by Effwa Infra & Research Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

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

This comparison covers 13 listed Construction - Civil/Turnkey companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Construction - Civil/Turnkey company is the biggest?

Afcons Infrastructure Ltd is the largest, with trailing-twelve-month revenue of ₹11,249 crore, ahead of Ceigall India Ltd at ₹4,155 crore. That covers 11 of 13 companies with comparable reporting through Jun 2026.

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

Interise Trust has the highest operating margin at 72%, from 13 of 13 comparable companies. Gayatri Projects Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

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

Gayatri Projects Ltd earns the most, at ₹2,080 crore of trailing-twelve-month net profit, from 11 of 13 comparable companies. Brahmaputra Infrastructure Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

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

SRM Contractors Ltd leads on return on capital employed at 37.1%, across 12 of 13 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Construction - Civil/Turnkey stock is the cheapest?

On PEG — where a LOWER number is cheaper — Afcons Infrastructure Ltd screens cheapest at 0.82×. Only 1 of 13 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

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

Construction - Civil/Turnkey has outperformed NIFTY 500 by 7.7% over the last 52 weeks and 0.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 11 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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

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

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

SRM Contractors Ltd scores 67.6 out of 100 with 80% evidence confidence, from 29.1 points on growth and earnings, 19.8 on capital efficiency, 10.8 on valuation and 7.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

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

It compares 13 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

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

The 13 Construction - Civil/Turnkey companies on this page carry ₹36,225 crore of combined market value. Interise Trust is the largest at ₹11,440 crore, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-18.

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

The median price-to-earnings ratio across the 13 Construction - Civil/Turnkey companies on this page is 29.2×, measured on the 13 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 2026-08-18.

How is the Construction - Civil/Turnkey sector performing?

4 of the 11 covered Construction - Civil/Turnkey companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 7.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-18.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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