# Engineering - Heavy - General — company-by-company sector analysis > Engineering - Heavy - General: Unimech Aerospace and Manufacturing Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice. ## Bottom line Engineering - Heavy - General has outperformed NIFTY 500 by 10.6% over 52 weeks and 45.1% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. Unimech Aerospace and Manufacturing Ltd leads with revenue of ₹286 crore, based on 1 of 2 comparable companies through Jun 2026. ## Sector relative strength Engineering - Heavy - General has outperformed NIFTY 500 by 10.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 45.1%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Unimech Aerospace and Manufacturing Ltd is the strongest against the sector itself at +11.2%. 13-week sector return versus NIFTY 500: 45% 52-week sector return versus NIFTY 500: 11% Stocks leading NIFTY: 1/1 Stocks leading sector: 1/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 2 Combined market value: ₹8.2K Cr ## 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. 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 55/100 — Mixed-positive evidence; evidence 84% - Growth & earnings 15.7/35 | Capital efficiency 10.8/25 | Valuation 11.1/20 | Relative strength 17.0/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of 10 weeks with a reading, within the last 12 - Exact sum: 15.7 + 10.8 + 11.1 + 17 = 54.6 - Decision use: Price leads the evidence: RS versus the benchmark is 48.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 2. E to E Transportation Infrastructure Ltd (E2ERAIL): 49/100 — Thin evidence · provisional; evidence 28% - Growth & earnings 16.0/35 | Capital efficiency 12.5/25 | Valuation 10.0/20 | Relative strength 10.0/20 - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of 3 weeks with a reading, within the last 12, ending 2026-06-14 (no longer priced) - Exact sum: 16 + 12.5 + 10 + 10 = 48.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Unimech Aerospace and Manufacturing Ltd has the strongest one-year price move in Engineering - Heavy - General at +41.7%. It also leads on Mansfield relative strength against NIFTY at +48.2%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 42% ### Strongest relative strength versus NIFTY 500 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 48% ## Revenue Scale & Growth Durability What the numbers say: Unimech Aerospace and Manufacturing Ltd is the scale leader at ₹286 crore, Unimech Aerospace and Manufacturing Ltd's growth is 16.3% from a ₹286 crore base, with 11 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Unimech Aerospace and Manufacturing Ltd is the scale benchmark; Unimech Aerospace and Manufacturing Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Unimech Aerospace and Manufacturing Ltd's growth falls below Unimech Aerospace and Manufacturing Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Unimech Aerospace and Manufacturing Ltd · ₹286 crore | Not enough peers | 5/7 recent comparable periods | 1/2 companies · 13 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): ₹286 Cr ### Revenue growth — fastest growers 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 16% ### 13-quarter Revenue history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 ₹65 Cr | Mar 2024 ₹62 Cr | Jun 2024 ₹59 Cr | Sep 2024 ₹61 Cr | Dec 2024 ₹54 Cr | Mar 2025 ₹68 Cr | Jun 2025 ₹63 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹82 Cr | Jun 2026 ₹108 Cr - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹159 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹269 Cr | Jun 2026 — ### 13-quarter Revenue growth history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -17% | Mar 2025 9.7% | Jun 2025 6.8% | Sep 2025 1.6% | Dec 2025 -37% | Mar 2026 21% | Jun 2026 71% - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 69% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Unimech Aerospace and Manufacturing Ltd leads both opm at 36% and margin change at +5 percentage points. Investor read: Unimech Aerospace and Manufacturing 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. Evidence: Unimech Aerospace and Manufacturing Ltd · 36% | 140% versus #2 · E to E Transportation Infrastructure Ltd | 2/7 recent comparable periods | 2/2 companies · 13 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 36% 2. E to E Transportation Infrastructure Ltd (E2ERAIL): 15% ### Margin change — fastest expanders 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): +5.0 pp 2. E to E Transportation Infrastructure Ltd (E2ERAIL): −8.0 pp ### 13-quarter OPM history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 44% | Mar 2024 42% | Jun 2024 43% | Sep 2024 38% | Dec 2024 29% | Mar 2025 40% | Jun 2025 31% | Sep 2025 30% | Dec 2025 4.6% | Mar 2026 43% | Jun 2026 36% - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 23% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 15% | Jun 2026 — ### 13-quarter Margin change history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 −15.0 pp | Mar 2025 −2.0 pp | Jun 2025 −12.0 pp | Sep 2025 −8.0 pp | Dec 2025 −24.4 pp | Mar 2026 +3.0 pp | Jun 2026 +5.0 pp - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −8.0 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Unimech Aerospace and Manufacturing Ltd leads with ₹72 crore of TTM profit, Unimech Aerospace and Manufacturing Ltd shows -12.2% growth from a ₹72 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Unimech Aerospace and Manufacturing 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. Evidence: Unimech Aerospace and Manufacturing Ltd · ₹72 crore | Not enough peers | 2/7 recent comparable periods | 1/2 companies · 13 observations Definition: 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 profit — largest 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): ₹72 Cr ### Profit growth — fastest growers 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): -12% ### 13-quarter Net profit history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 ₹20 Cr | Mar 2024 ₹20 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹26 Cr | Jun 2026 ₹28 Cr - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹24 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹24 Cr | Jun 2026 — ### 13-quarter Profit growth history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -20% | Mar 2025 45% | Jun 2025 -9.5% | Sep 2025 -11% | Dec 2025 -88% | Mar 2026 -10% | Jun 2026 47% - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.0% | Jun 2026 — ## Return On Capital Employed What the numbers say: E to E Transportation Infrastructure Ltd leads ROCE at 14.8%, 3.6 percentage points above Unimech Aerospace and Manufacturing Ltd. E to E Transportation Infrastructure Ltd has the strongest latest improvement at -5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: E to E Transportation Infrastructure 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. Evidence: E to E Transportation Infrastructure Ltd · 14.8% | 32.1% versus #2 · Unimech Aerospace and Manufacturing Ltd | Not enough history | 2/2 companies · 8 observations Definition: 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. ### ROCE — highest 1. E to E Transportation Infrastructure Ltd (E2ERAIL): 15% 2. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 11% ### ROCE change — fastest improvers 1. E to E Transportation Infrastructure Ltd (E2ERAIL): −5.0 pp 2. Unimech Aerospace and Manufacturing Ltd (UNIMECH): −5.2 pp ### 13-quarter ROCE history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 43% | Jun 2024 — | Sep 2024 23% | Dec 2024 23% | Mar 2025 12% | Jun 2025 25% | Sep 2025 8.4% | Dec 2025 15% | Mar 2026 6.3% | Jun 2026 — ### 13-quarter ROCE change history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 −31.9 pp | Jun 2025 — | Sep 2025 −14.2 pp | Dec 2025 −8.3 pp | Mar 2026 −5.2 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Unimech Aerospace and Manufacturing Ltd has the lowest comparable PEG at 1.49×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Unimech Aerospace and Manufacturing Ltd · 1.49× | Not enough peers | 0/7 recent comparable periods | 1/2 companies · 1 observations Definition: 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. ### PEG — lowest PEG 1. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 1.5 ### P/E — lowest P/E 1. E to E Transportation Infrastructure Ltd (E2ERAIL): 28.2 2. Unimech Aerospace and Manufacturing Ltd (UNIMECH): 108.0 ### 13-quarter PEG history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.5 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ### 13-quarter P/E history - UNIMECH: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 104.3 | Mar 2025 56.2 | Jun 2025 75.5 | Sep 2025 62.5 | Dec 2025 58.1 | Mar 2026 56.1 | Jun 2026 91.3 - E2ERAIL: Mar 2022 — | Mar 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.5 | Jun 2026 — ## What can make this comparison misleading? - 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. - Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings. ## Every company - Unimech Aerospace and Manufacturing Ltd (UNIMECH) — market value ₹7.8K Cr; latest fundamentals Jun 2026 - E to E Transportation Infrastructure Ltd (E2ERAIL) — market value ₹473 Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 1. Unverified: 1. Withheld: 0. Graded companies: 2. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 13 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Engineering - Heavy - General sector outperforming NIFTY 500? Engineering - Heavy - General has outperformed NIFTY 500 by 10.6% over 52 weeks and 45.1% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. ### Which Engineering - Heavy - General company is largest by revenue? Unimech Aerospace and Manufacturing Ltd leads with revenue of ₹286 crore, based on 1 of 2 comparable companies through Jun 2026. ### Which Engineering - Heavy - General company is growing fastest? Unimech Aerospace and Manufacturing Ltd has the fastest current revenue growth at 16.3%, across 1 of 2 comparable companies. ### Which Engineering - Heavy - General company has the strongest 4-Factor Sector Score? Unimech Aerospace and Manufacturing Ltd ranks first at 54.6/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Engineering - Heavy - General company has the lowest comparable PEG? Unimech Aerospace and Manufacturing Ltd has the lowest comparable PEG at 1.49, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Engineering - Heavy - General comparison include? The page compares up to 13 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 Engineering - Heavy - General 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 Engineering - Heavy - General, this page builds its own equal-weight basket of 2 listed Engineering - Heavy - General 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 Engineering - Heavy - General stocks in India? Ranked by this page's four-factor score, Unimech Aerospace and Manufacturing Ltd places first among 2 listed Engineering - Heavy - General companies, followed by E to E Transportation Infrastructure Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Engineering - Heavy - General stocks are listed in India? This comparison covers 2 listed Engineering - Heavy - General 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 Engineering - Heavy - General company is the biggest? Unimech Aerospace and Manufacturing Ltd is the largest, with trailing-twelve-month revenue of ₹286 crore. That covers 1 of 2 companies with comparable reporting through Jun 2026. ### Which Engineering - Heavy - General company has the best profit margins? Unimech Aerospace and Manufacturing Ltd has the highest operating margin at 36%, from 2 of 2 comparable companies. Unimech Aerospace and Manufacturing Ltd shows the biggest recent improvement, at +5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Engineering - Heavy - General company makes the most profit? Unimech Aerospace and Manufacturing Ltd earns the most, at ₹72 crore of trailing-twelve-month net profit, from 1 of 2 comparable companies. Unimech Aerospace and Manufacturing Ltd has the fastest profit growth at -12.2%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Engineering - Heavy - General company earns the highest return on capital? E to E Transportation Infrastructure Ltd leads on return on capital employed at 14.8%, across 2 of 2 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 Engineering - Heavy - General stock is the cheapest? On PEG — where a LOWER number is cheaper — Unimech Aerospace and Manufacturing Ltd screens cheapest at 1.49×. Only 1 of 2 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 Engineering - Heavy - General sector beating the market? Engineering - Heavy - General has outperformed NIFTY 500 by 10.6% over the last 52 weeks and 45.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Engineering - Heavy - General stock has the strongest price momentum? Unimech Aerospace and Manufacturing 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 Engineering - Heavy - General company scores highest for research priority? Unimech Aerospace and Manufacturing Ltd scores 54.6 out of 100 with 84% evidence confidence, from 15.7 points on growth and earnings, 10.8 on capital efficiency, 11.1 on valuation and 17 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 Engineering - Heavy - General companies does this comparison cover, and over what period? It compares 2 listed companies over up to 13 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 Engineering - Heavy - General sector? The 2 Engineering - Heavy - General companies on this page carry ₹8,223 crore of combined market value. Unimech Aerospace and Manufacturing Ltd is the largest at ₹7,750 crore, about 94% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20. ### How is the Engineering - Heavy - General sector performing? 1 of the 1 covered Engineering - Heavy - General companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 10.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20. ### 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.