Turnkey Engineering Stocks and Companies in India

The largest Turnkey Engineering stocks in India by market value are Pace Digitek (₹3,475 crore), Enviro Infra Engineers (₹3,152 crore) and Bajel Projects (₹1,914 crore), at prices of 4 Nov 2026.

• Pace Digitek: ₹161.03 | market value ₹3,475 crore | P/E 11.5
• Enviro Infra Engineers: ₹179.55 | market value ₹3,152 crore | P/E 17.2
• Bajel Projects: ₹165.41 | market value ₹1,914 crore | P/E 57.8
• McNally Bharat Engineering Company: ₹330 | market value ₹1,100 crore | P/E 0.3
• K.P. Energy: ₹167.80 | market value ₹1,138 crore | P/E 6.2
• Goel Construction Company: ₹400.10 | market value ₹764 crore | P/E 13.8
• Sugs Lloyd: ₹253.65 | market value ₹606 crore | P/E 16.3
• Ganesh Green Bharat: ₹207.50 | market value ₹514 crore | P/E 6.8
• Supreme Infrastructure India: ₹51.10 (price from the week of 11 Oct 2026) | market value ₹499 crore | P/E 0.1
• EMA India: ₹421 (price from the week of 29 Mar 2026) | market value ₹43.0 crore

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 10 listed Indian Engineering - Turnkey Services companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Engineering - Turnkey Services index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Pace Digitek Ltd₹3,010 cr
2. Enviro Infra Engineers Ltd₹2,820 cr
3. Bajel Projects Ltd₹1,860 cr
4. McNally Bharat Engineering Company Ltd₹1,170 cr
5. K.P. Energy Ltd₹1,060 cr
6. Goel Construction Company Ltd₹764 cr
7. Sugs Lloyd Ltd₹606 cr
8. Ganesh Green Bharat Ltd₹499 cr
9. Supreme Infrastructure India Ltd₹499 cr
10. EMA India Ltd₹43 cr

10 Turnkey Engineering companies in the Engineering - Turnkey Services industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 10 are listed below, largest first. The largest is Pace Digitek (₹3,014 crore) and the smallest with a market value is EMA India.

Download all 10 Turnkey Engineering companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 13% behind NIFTY 500. Earnings across its companies grew 7% on average over the last four reported quarters, close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 9 weeks running.

1 of the 6 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 9 weeks running; 2 of the 6 companies in the industry index above their 200-day average (no change from four weeks earlier); 1 of those 6 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 2 of the 5 that report earnings.

Participation is shrinking, 2 → 1 of 6 over four weeks, after being ahead of NIFTY 500. Earnings mixed, 2 of 5 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 6 of its 10 companies (the 4 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Engineering - Turnkey Services has done worse than the NIFTY 500 by 11% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 10.4%. Ganesh Green Bharat Ltd is the strongest against the sector itself at −21.6%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 42.4 as of 30 October 2026 (broadening, falling).

Engineering - Turnkey Services has done worse than the NIFTY 500 by 11% over 52 weeks and by 10.4% over 13 weeks. 1 of 10 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 0 of the 2 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Supreme Infrastructure India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 50.7% evidence confidence.

Ranked last: too little evidence (3 companies)

Under 60% of the evidence behind these scores is available, so they rank after every company above, whatever the score.

Bajel Projects Ltd has the strongest one-year price move in Engineering - Turnkey Services at −16.0%. McNally Bharat Engineering Company Ltd leads on relative strength against the NIFTY, at +393.7%. 3 of 10 companies we track are ahead of the index on that measure (2 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Engineering - Turnkey Services itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

The headline is a spectacular fake. Sector Σprofit swung from -₹522 crore (2025) to +₹7,111 crore (2026), but 85.6% of that ₹8,179 crore swing is a single name, Supreme Infrastructure, whose ₹6,998 crore Δprofit is an accounting/one-off item (a debt-resolution/exceptional gain, not operating profit), the decomposition attributes the entire swing to a +65.35pp net-margin leg with revenue actually a small drag. In the week of 13 July 2026, 33.3% of 8 Engineering - Turnkey Services companies were beating the Nifty 500, against 14.3% on 2 March 2026.

From our industry review of 19 July 2026. A newer review (10 October 2026) did not cover Engineering - Turnkey Services, so this is the latest we have.

1 of 10 Engineering - Turnkey Services companies held a results call for July to September 2026. Swastika Infra guided: FY27 company growth expected in line with previous years; H2 seasonally heavier, with execution more visible in Q3/Q4.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters raised theirs by 1.4 points.

• Spending on new plants and equipment was ₹8,459 crore in the last 12 months, 63% more than a year before.
• Projects still being built grew 223% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 12 Engineering - Turnkey Services companies, in percentage points.

Ownership and spending as of 10 October 2026.

Conversely, aggregate operating margin continuing to fall from the current 26.2% while curtailment losses widen would confirm the top.

From our industry review of 19 July 2026.

Pace Digitek Ltd has the highest Revenue among the 10 Engineering - Turnkey Services companies compared here, at ₹2,829 crore. Bajel Projects Ltd is next at ₹2,751 crore. Supreme Infrastructure India Ltd has the highest Revenue growth at 74.5%, so level and change sit with different companies. 8 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Pace Digitek Ltd is the largest at ₹2,829 crore, 2.8% ahead of Bajel Projects Ltd. Supreme Infrastructure India Ltd's growth is 74.5% from a ₹82 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Pace Digitek Ltd is the size to compare against; Supreme Infrastructure India Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Pace Digitek Ltd's growth falls below Supreme Infrastructure India Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Enviro Infra Engineers Ltd has the highest OPM among the 10 Engineering - Turnkey Services companies compared here, at 21%. Pace Digitek Ltd is next at 16%. McNally Bharat Engineering Company Ltd has the highest Margin change at +69 percentage points, so level and change sit with different companies. Its OPM series carries 12 reported observations across the 20-quarter window.

What the numbers say: Enviro Infra Engineers Ltd leads opm at 21%; McNally Bharat Engineering Company Ltd leads margin change at +69 percentage points.

What this means: Enviro Infra Engineers Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Supreme Infrastructure India Ltd has the highest Net profit among the 10 Engineering - Turnkey Services companies compared here, at ₹6,138 crore. McNally Bharat Engineering Company Ltd is next at ₹3,655 crore. Bajel Projects 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: Supreme Infrastructure India Ltd earns the most, ₹6,138 crore of profit over the last 12 months, 67.9% above McNally Bharat Engineering Company Ltd. Bajel Projects Ltd shows at least 100% on the scoring scale (112.5% in full) growth from a profit base of ₹28 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Supreme Infrastructure India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Supreme Infrastructure India Ltd has the highest ROCE among the 10 Engineering - Turnkey Services companies compared here, at 2148.2%. McNally Bharat Engineering Company Ltd is next at 1047.1%. McNally Bharat Engineering Company Ltd has the highest ROCE change at +1789.5 percentage points, so level and change sit with different companies.

What the numbers say: Supreme Infrastructure India Ltd leads ROCE at 2148.2%, 1101.1 percentage points above McNally Bharat Engineering Company Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Supreme Infrastructure India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Pace Digitek Ltd (PACEDIGITK): its two data sources disagree by up to 9.1% on reported income across 9 comparable periods, so its derived ratios are withheld; Enviro Infra Engineers Ltd (EIEL): its two data sources disagree by up to 10% 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.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

K.P. Energy Ltd has the lowest PEG among the 10 Engineering - Turnkey Services companies compared here, at 0.23×. Supreme Infrastructure India Ltd has the lowest P/E at 0.12×, so level and change sit with different companies. 1 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: K.P. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Engineering - Turnkey Services companies show up on 2 of our India lists. The most are on the 52 week high & low list (2 companies).

This Engineering - Turnkey Services comparison names 7 specific ways its own evidence can mislead, all listed below. 2 of the 10 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 2 have second-source figures left out because the two sources disagree.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 2 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
• 2 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 10 Engineering - Turnkey Services companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

2 of 10 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Pace Digitek Ltd (PACEDIGITK): its two data sources disagree by up to 9.1% on reported income across 9 comparable periods, so its derived ratios are withheld; Enviro Infra Engineers Ltd (EIEL): its two data sources disagree by up to 10% on reported income across 12 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Engineering - Turnkey Services comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.