20-quarter listed-company comparison

Engineering - Turnkey Services Stocks in India

Engineering - Turnkey Services: Pace Digitek Ltd owns the largest revenue base; Supreme Infrastructure India Ltd has the fastest current growth.

The 9 Engineering - Turnkey Services companies listed in India are ACME Solar Holdings Ltd (₹28.4K Cr, the largest), Enviro Infra Engineers Ltd, Pace Digitek Ltd and 6 more. 6 of 8 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 9 Engineering - Turnkey Services Stocks in India (Sep 2026) — ranked by 4-Factor score

1ACME Solar Holdings Ltd₹28.4K Cr66.1/100Favorable setup · strongest on PEG and relative strength versus sector
2K.P. Energy Ltd₹1.5K Cr51.0/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
3Ganesh Green Bharat Ltd₹534 Cr50.1/100Thin evidence · provisional · strongest on ROCE and ROCE improvement
4Pace Digitek Ltd₹3.4K Cr47.9/100Thin evidence · provisional · strongest on ROCE and profitable quarters
5Bajel Projects Ltd₹2.1K Cr47.6/100Mixed-negative evidence · strongest on profit growth and ROCE improvement
6Enviro Infra Engineers Ltd₹3.6K Cr45.0/100Mixed-negative evidence · strongest on operating margin and ROCE
7Supreme Infrastructure India Ltd₹829 Cr42.1/100Mixed-negative evidence · strongest on margin improvement and revenue growth
8Goel Construction Company Ltd₹578 Cr56.3/100Thin evidence · provisional · strongest on ROCE and margin improvement
9EMA India Ltd₹43 Cr48.4/100Thin evidence · provisional · strongest on relative strength versus sector and relative strength versus the benchmark

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

01 · the index people search for

Nifty Engineering - Turnkey Services Index — Constituents & Performance

All 9 listed Indian Engineering - Turnkey Services companies are named here, largest first — the same constituent set people search for as the Nifty Engineering - Turnkey Services index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

02 · the sector itself · before any single company

How has Engineering - Turnkey Services 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 8% ahead of NIFTY 500. Earnings across its companies grew 19% on average over the last four reported quarters.

BASING · 1y −12.9%~Moving with the index3 of the 8 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS — · 5/8 >200d (+0) · 3/8 lead (+0) · EPS 5/8↑

Engineering - Turnkey Services, 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 8 of its 9 companies — the 1 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 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 Engineering - Turnkey Services outperforming NIFTY 500?

Engineering - Turnkey Services has underperformed NIFTY 500 by 1.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 6.8%. 6 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. EMA India Ltd is the strongest against the sector itself at +80.9%.

-6.8%Sector vs NIFTY 500 · 13 weeks

-1.1%Sector vs NIFTY 500 · 52 weeks

6/8Stocks leading NIFTY 500

2/7Stocks leading sector

Sector metric: 38.0 as of 2026-08-22 · 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

Engineering - Turnkey Services has underperformed NIFTY 500 by 1.1% over 52 weeks and 6.8% over 13 weeks. 6 of 8 covered companies beat NIFTY on Mansfield relative strength, while 2 of 7 beat the sector itself. Pace Digitek Ltd leads with revenue of ₹2,829 crore, based on 7 of 9 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹41.0K Cr

ACME Solar Holdings Ltd

Revenue growing

6/6

positive TTM year-on-year growth

Beating NIFTY 500

6/8

positive Mansfield relative strength

Comparing 5 of 9

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

ACME Solar Holdings Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.

EMA India Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

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

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1ACME Solar Holdings LtdACMESOLAR	66.1/100Favorable setup93% evidence	LEADER	22.5/35 Revenue 47.5% · PAT 58.4% · OPM change -4 pp 100% evidence	11.4/25 ROCE 8.9% · OPM 86% 100% evidence	13.6/20 P/E 47.8× · PEG 0.8 65% evidence	18.6/20 RS sector 40.7% · RS bench 40% · 1Y 35.8%12 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 11.4 + 13.6 + 18.6 = 66.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2K.P. Energy LtdKPEL	51.0/100Mixed-positive evidence80% evidence	ASLEEP	22.5/35 Revenue 74.1% · PAT 49.2% · OPM change -10 pp 95% evidence	17.9/25 ROCE 39.2% · OPM 12% 95% evidence	10.6/20 P/E 8× · PEG — 15% evidence	0.0/20 RS sector -35% · RS bench -34.9% · 1Y -48.7%3 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 17.9 + 10.6 + 0 = 51 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Ganesh Green Bharat LtdGGBL	50.1/100Thin evidence · provisional56% evidence	BASING	18.7/35 Revenue — · PAT — · OPM change -7 pp 26% evidence	18.9/25 ROCE 35.4% · OPM 9% 95% evidence	11.1/20 P/E 7.1× · PEG — 15% evidence	1.4/20 RS sector -30% · RS bench -29.9% · 1Y -47.1%2 of 12 weeks ahead 100% evidence
Exact sum: 18.7 + 18.9 + 11.1 + 1.4 = 50.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Pace Digitek LtdPACEDIGITK	47.9/100Thin evidence · provisional55% evidence	ASLEEP	10.5/35 Revenue 14.9% · PAT 10.9% · OPM change -6 pp 95% evidence	17.2/25 ROCE 21.4% · OPM 16% 76% evidence	10.2/20 P/E 11.4× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —5 of 11 weeks ahead 0% evidence
Exact sum: 10.5 + 17.2 + 10.2 + 10 = 47.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Bajel Projects LtdBAJEL	47.6/100Mixed-negative evidence74% evidence	ASLEEP	22.2/35 Revenue 2.1% · PAT 70.9% · OPM change 0.6 pp 95% evidence	7.9/25 ROCE 11% · OPM 3.3% 95% evidence	8.5/20 P/E 77.1× · PEG — 15% evidence	9.0/20 RS sector -9.8% · RS bench 1.5% · 1Y -10.6%1 of 10 weeks ahead 70% evidence
Exact sum: 22.2 + 7.9 + 8.5 + 9 = 47.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Enviro Infra Engineers LtdEIEL	45.0/100Mixed-negative evidence69% evidence	TURNING	9.7/35 Revenue 15.4% · PAT 1.1% · OPM change -6 pp 95% evidence	16.6/25 ROCE 20.2% · OPM 21% 76% evidence	9.4/20 P/E 19.8× · PEG — 15% evidence	9.3/20 RS sector -24.3% · RS bench 3.7% · 1Y -15.4%3 of 10 weeks ahead 70% evidence
Exact sum: 9.7 + 16.6 + 9.4 + 9.3 = 45 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Supreme Infrastructure India LtdSUPREMEINF	42.1/100Mixed-negative evidence66% evidence	TURNING	21.2/35 Revenue 74.5% · PAT 100% · OPM change 40 pp 71% evidence	1.9/25 ROCE -2.2% · OPM 5% 95% evidence	11.5/20 P/E 0.1× · PEG — 15% evidence	7.5/20 RS sector -24.6% · RS bench 1.7% · 1Y -15.8%6 of 10 weeks ahead 70% evidence
Exact sum: 21.2 + 1.9 + 11.5 + 7.5 = 42.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Goel Construction Company Ltd544504	56.3/100Thin evidence · provisional36% evidence	ASLEEP	17.7/35 Revenue — · PAT — · OPM change 1 pp 26% evidence	17.2/25 ROCE 33.9% · OPM 11% 76% evidence	9.8/20 P/E 12.8× · PEG — 15% evidence	11.6/20 RS sector — · RS bench 16.3% · 1Y —8 of 12 weeks ahead 25% evidence
Exact sum: 17.7 + 17.2 + 9.8 + 11.6 = 56.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9EMA India Ltd522027	48.4/100Thin evidence · provisional32% evidence		14.4/35 Revenue — · PAT 100% · OPM change — 18% evidence	7.0/25 ROCE -1036% · OPM — 46% evidence	10.0/20 P/E — · PEG — 0% evidence	17.0/20 RS sector 80.9% · RS bench 66.3% · 1Y 138.1%12 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 14.4 + 7 + 10 + 17 = 48.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

EMA India Ltd has the strongest one-year price move in Engineering - Turnkey Services at +138.1%. It also leads on Mansfield relative strength against NIFTY at +66.3%. 6 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

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

06 · compare level, then change

Revenue Scale & Growth Durability

Pace Digitek Ltd has the highest Revenue among the 9 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. 7 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Pace Digitek Ltd is the scale leader 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 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPace Digitek Ltd · ₹2,829 crore

Gap2.8% versus #2 · Bajel Projects Ltd

Persistence4/5 recent comparable periods

Coverage7/9 companies · 98 observations

Investor read: Pace Digitek Ltd is the scale benchmark; Supreme Infrastructure India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

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.

Revenuelargest

1Pace Digitek Ltd PACEDIGITK₹2.8K Cr

2Bajel Projects Ltd BAJEL⚠ unverified₹2.8K Cr

3ACME Solar Holdings Ltd ACMESOLAR₹2.4K Cr

4K.P. Energy Ltd KPEL⚠ unverified₹1.8K Cr

5Enviro Infra Engineers Ltd EIEL₹1.3K Cr

Revenue growthfastest growers

1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified75%

2K.P. Energy Ltd KPEL⚠ unverified74%

3ACME Solar Holdings Ltd ACMESOLAR48%

4Enviro Infra Engineers Ltd EIEL15%

5Pace Digitek Ltd PACEDIGITK15%

Revenue · company comparison

7/9 level · 6/9 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.

Company	Revenue	Revenue growth	Reported
ACME Solar Holdings Ltd ACMESOLAR	₹858 Cr	68%	Jun 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified	₹725 Cr	298%	Mar 2026
Bajel Projects Ltd BAJEL⚠ unverified	₹567 Cr	-6.7%	Jun 2026
Pace Digitek Ltd PACEDIGITK	₹555 Cr	51%	Jun 2026
K.P. Energy Ltd KPEL⚠ unverified	₹519 Cr	136%	Jun 2026
Goel Construction Company Ltd 544504	₹412 Cr	30%	Mar 2026
Enviro Infra Engineers Ltd EIEL	₹359 Cr	49%	Jun 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified	₹24 Cr	200%	Jun 2026
EMA India Ltd 522027	₹0 Cr	—	Dec 2025

Full 20-quarter history · every available company

Revenue · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹369 Cr

Sep 2023₹323 Cr

Dec 2023₹332 Cr

Mar 2024₹295 Cr

Jun 2024₹310 Cr

Sep 2024₹260 Cr

Dec 2024₹349 Cr

Mar 2025₹487 Cr

Jun 2025₹511 Cr

Sep 2025₹468 Cr

Dec 2025₹497 Cr

Mar 2026₹548 Cr

Jun 2026₹858 Cr

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹489 Cr

Jun 2024₹512 Cr

Sep 2024₹662 Cr

Dec 2024₹622 Cr

Mar 2025₹801 Cr

Jun 2025₹608 Cr

Sep 2025₹614 Cr

Dec 2025₹562 Cr

Mar 2026₹1.0K Cr

Jun 2026₹567 Cr

EMA India Ltd · 522027

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹0 Cr

Dec 2022₹0 Cr

Mar 2023₹0 Cr

Jun 2023₹0 Cr

Sep 2023₹0 Cr

Dec 2023₹0 Cr

Mar 2024₹0 Cr

Jun 2024₹0 Cr

Sep 2024₹0 Cr

Dec 2024₹0 Cr

Mar 2025₹0 Cr

Jun 2025₹0 Cr

Sep 2025₹0 Cr

Dec 2025₹0 Cr

Mar 2026—

Jun 2026—

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹120 Cr

Dec 2023₹150 Cr

Mar 2024₹300 Cr

Jun 2024₹205 Cr

Sep 2024₹213 Cr

Dec 2024₹247 Cr

Mar 2025₹393 Cr

Jun 2025₹241 Cr

Sep 2025₹227 Cr

Dec 2025₹250 Cr

Mar 2026₹427 Cr

Jun 2026₹359 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹59 Cr

Dec 2023—

Mar 2024₹111 Cr

Jun 2024—

Sep 2024₹138 Cr

Dec 2024—

Mar 2025₹182 Cr

Jun 2025—

Sep 2025₹341 Cr

Dec 2025—

Mar 2026₹725 Cr

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024₹272 Cr

Dec 2024—

Mar 2025₹318 Cr

Jun 2025—

Sep 2025₹245 Cr

Dec 2025—

Mar 2026₹412 Cr

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹108 Cr

Mar 2023₹148 Cr

Jun 2023₹113 Cr

Sep 2023₹70 Cr

Dec 2023₹82 Cr

Mar 2024₹207 Cr

Jun 2024₹127 Cr

Sep 2024₹199 Cr

Dec 2024₹212 Cr

Mar 2025₹401 Cr

Jun 2025₹220 Cr

Sep 2025₹301 Cr

Dec 2025₹345 Cr

Mar 2026₹632 Cr

Jun 2026₹519 Cr

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹342 Cr

Sep 2024₹846 Cr

Dec 2024₹567 Cr

Mar 2025₹683 Cr

Jun 2025₹367 Cr

Sep 2025₹533 Cr

Dec 2025₹644 Cr

Mar 2026₹1.1K Cr

Jun 2026₹555 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹23 Cr

Mar 2023₹23 Cr

Jun 2023₹8 Cr

Sep 2023₹17 Cr

Dec 2023₹9 Cr

Mar 2024₹29 Cr

Jun 2024₹27 Cr

Sep 2024₹10 Cr

Dec 2024₹7 Cr

Mar 2025₹22 Cr

Jun 2025₹8 Cr

Sep 2025₹14 Cr

Dec 2025₹30 Cr

Mar 2026₹14 Cr

Jun 2026₹24 Cr

Revenue growth · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-16%

Sep 2024-20%

Dec 20245.1%

Mar 202565%

Jun 202565%

Sep 202580%

Dec 202542%

Mar 202613%

Jun 202668%

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202564%

Jun 202519%

Sep 2025-7.3%

Dec 2025-9.7%

Mar 202626%

Jun 2026-6.7%

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202478%

Dec 202465%

Mar 202531%

Jun 202518%

Sep 20256.6%

Dec 20251.2%

Mar 20268.7%

Jun 202649%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024134%

Dec 2024—

Mar 202564%

Jun 2025—

Sep 2025147%

Dec 2025—

Mar 2026298%

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025-9.9%

Dec 2025—

Mar 202630%

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-24%

Mar 202440%

Jun 202412%

Sep 2024184%

Dec 2024159%

Mar 202594%

Jun 202573%

Sep 202551%

Dec 202563%

Mar 202658%

Jun 2026136%

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20257.3%

Sep 2025-37%

Dec 202514%

Mar 202661%

Jun 202651%

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-61%

Mar 202426%

Jun 2024238%

Sep 2024-41%

Dec 2024-22%

Mar 2025-24%

Jun 2025-70%

Sep 202540%

Dec 2025329%

Mar 2026-36%

Jun 2026200%

07 · compare level, then change

Operating Economics & Margin Trend

ACME Solar Holdings Ltd has the highest OPM among the 9 Engineering - Turnkey Services companies compared here, at 86%. Enviro Infra Engineers Ltd is next at 21%. Supreme Infrastructure India Ltd has the highest Margin change at +40 percentage points, so level and change sit with different companies. Its OPM series carries 13 reported observations across the 20-quarter window.

What the numbers say: ACME Solar Holdings Ltd leads opm at 86%; Supreme Infrastructure India Ltd leads margin change at +40 percentage points.

LeaderACME Solar Holdings Ltd · 86%

Gap309.5% versus #2 · Enviro Infra Engineers Ltd

Persistence5/8 recent comparable periods

Coverage8/9 companies · 100 observations

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

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

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1ACME Solar Holdings Ltd ACMESOLAR86%

2Enviro Infra Engineers Ltd EIEL21%

3Pace Digitek Ltd PACEDIGITK16%

4K.P. Energy Ltd KPEL⚠ unverified12%

5Goel Construction Company Ltd 54450411%

Margin changefastest expanders

1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified+40.0 pp

2Goel Construction Company Ltd 544504+1.0 pp

3Bajel Projects Ltd BAJEL⚠ unverified+0.6 pp

4ACME Solar Holdings Ltd ACMESOLAR−4.0 pp

5Enviro Infra Engineers Ltd EIEL−6.0 pp

Operating margin · company comparison

8/9 level · 8/9 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
ACME Solar Holdings Ltd ACMESOLAR	86%	−4.0 pp	Jun 2026
Enviro Infra Engineers Ltd EIEL	21%	−6.0 pp	Jun 2026
Pace Digitek Ltd PACEDIGITK	16%	−6.0 pp	Jun 2026
K.P. Energy Ltd KPEL⚠ unverified	12%	−10.0 pp	Jun 2026
Goel Construction Company Ltd 544504	11%	+1.0 pp	Mar 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified	9.0%	−7.0 pp	Mar 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified	5.0%	+40.0 pp	Jun 2026
Bajel Projects Ltd BAJEL⚠ unverified	3.3%	+0.6 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202387%

Sep 202390%

Dec 202384%

Mar 202468%

Jun 202488%

Sep 202485%

Dec 202488%

Mar 202590%

Jun 202590%

Sep 202586%

Dec 202589%

Mar 202687%

Jun 202686%

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-7.8%

Dec 2022-2.8%

Mar 2023-3.4%

Jun 2023-1.2%

Sep 2023-2.0%

Dec 20233.3%

Mar 20241.6%

Jun 20241.4%

Sep 20242.5%

Dec 20242.4%

Mar 20252.6%

Jun 20252.7%

Sep 20253.3%

Dec 20254.4%

Mar 20263.0%

Jun 20263.3%

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202319%

Dec 202318%

Mar 202429%

Jun 202425%

Sep 202426%

Dec 202422%

Mar 202525%

Jun 202527%

Sep 202529%

Dec 202527%

Mar 202619%

Jun 202621%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202321%

Dec 2023—

Mar 202420%

Jun 2024—

Sep 202415%

Dec 2024—

Mar 202516%

Jun 2025—

Sep 202514%

Dec 2025—

Mar 20269.0%

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20249.0%

Dec 2024—

Mar 202510%

Jun 2025—

Sep 202511%

Dec 2025—

Mar 202611%

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 202118%

Dec 202119%

Mar 20226.7%

Jun 202214%

Sep 202220%

Dec 202218%

Mar 202315%

Jun 202319%

Sep 202323%

Dec 202321%

Mar 202415%

Jun 202418%

Sep 202420%

Dec 202420%

Mar 202518%

Jun 202522%

Sep 202522%

Dec 202522%

Mar 202621%

Jun 202612%

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202428%

Sep 202422%

Dec 202421%

Mar 202511%

Jun 202522%

Sep 202518%

Dec 202518%

Mar 202615%

Jun 202616%

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 20215.7%

Dec 2021-12%

Mar 2022-16%

Jun 2022-3.2%

Sep 2022-3.9%

Dec 2022-15%

Mar 2023-46%

Jun 2023-150%

Sep 2023-111%

Dec 2023-61%

Mar 2024-75%

Jun 2024-114%

Sep 2024-41%

Dec 2024-59%

Mar 2025-54%

Jun 2025-35%

Sep 2025-27%

Dec 202525%

Mar 2026-18%

Jun 20265.0%

Margin change · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024+1.0 pp

Sep 2024−5.0 pp

Dec 2024+4.0 pp

Mar 2025+22.0 pp

Jun 2025+2.0 pp

Sep 2025+1.0 pp

Dec 2025+1.0 pp

Mar 2026−3.0 pp

Jun 2026−4.0 pp

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023+5.8 pp

Dec 2023+6.1 pp

Mar 2024+5.0 pp

Jun 2024+2.6 pp

Sep 2024+4.6 pp

Dec 2024−1.0 pp

Mar 2025+1.0 pp

Jun 2025+1.3 pp

Sep 2025+0.8 pp

Dec 2025+2.1 pp

Mar 2026+0.4 pp

Jun 2026+0.6 pp

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+7.0 pp

Dec 2024+4.0 pp

Mar 2025−4.0 pp

Jun 2025+2.0 pp

Sep 2025+3.0 pp

Dec 2025+5.0 pp

Mar 2026−6.0 pp

Jun 2026−6.0 pp

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024−6.0 pp

Dec 2024—

Mar 2025−4.0 pp

Jun 2025—

Sep 2025−1.0 pp

Dec 2025—

Mar 2026−7.0 pp

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025+2.0 pp

Dec 2025—

Mar 2026+1.0 pp

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021−4.4 pp

Dec 2021−12.8 pp

Mar 2022−13.4 pp

Jun 2022−8.5 pp

Sep 2022+2.1 pp

Dec 2022−0.5 pp

Mar 2023+8.3 pp

Jun 2023+5.2 pp

Sep 2023+3.3 pp

Dec 2023+3.0 pp

Mar 20240.0 pp

Jun 2024−1.0 pp

Sep 2024−3.0 pp

Dec 2024−1.0 pp

Mar 2025+3.0 pp

Jun 2025+4.0 pp

Sep 2025+2.0 pp

Dec 2025+2.0 pp

Mar 2026+3.0 pp

Jun 2026−10.0 pp

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025−6.0 pp

Sep 2025−4.0 pp

Dec 2025−3.0 pp

Mar 2026+4.0 pp

Jun 2026−6.0 pp

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021+24.6 pp

Dec 2021+138.9 pp

Mar 2022−33.8 pp

Jun 2022−9.9 pp

Sep 2022−9.6 pp

Dec 2022−3.0 pp

Mar 2023−30.0 pp

Jun 2023−146.8 pp

Sep 2023−107.1 pp

Dec 2023−46.0 pp

Mar 2024−29.0 pp

Jun 2024+36.0 pp

Sep 2024+70.0 pp

Dec 2024+2.0 pp

Mar 2025+21.0 pp

Jun 2025+79.0 pp

Sep 2025+14.0 pp

Dec 2025+84.0 pp

Mar 2026+36.0 pp

Jun 2026+40.0 pp

08 · compare level, then change

Profit Scale & Acceleration

Supreme Infrastructure India Ltd has the highest Net profit among the 9 Engineering - Turnkey Services companies compared here, at ₹6,138 crore. ACME Solar Holdings Ltd is next at ₹602 crore. Bajel Projects Ltd has the highest Profit growth at 70.9%, so level and change sit with different companies.

What the numbers say: Supreme Infrastructure India Ltd leads with ₹6,138 crore of TTM profit, 10.2× the profit of ACME Solar Holdings Ltd. Bajel Projects Ltd shows 70.9% growth from a ₹22 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSupreme Infrastructure India Ltd · ₹6,138 crore

Gap10.2× versus #2 · ACME Solar Holdings Ltd

PersistenceNot enough history

Coverage7/9 companies · 98 observations

Investor read: Supreme Infrastructure India 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

1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified₹6.1K Cr

2ACME Solar Holdings Ltd ACMESOLAR₹602 Cr

3Pace Digitek Ltd PACEDIGITK₹315 Cr

4Enviro Infra Engineers Ltd EIEL₹191 Cr

5K.P. Energy Ltd KPEL⚠ unverified₹182 Cr

Profit growthfastest growers

1Bajel Projects Ltd BAJEL⚠ unverified71%

2ACME Solar Holdings Ltd ACMESOLAR58%

3K.P. Energy Ltd KPEL⚠ unverified49%

4Pace Digitek Ltd PACEDIGITK11%

5Enviro Infra Engineers Ltd EIEL1.1%

Net profit · company comparison

7/9 level · 5/9 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
ACME Solar Holdings Ltd ACMESOLAR	₹235 Cr	79%	Jun 2026
Pace Digitek Ltd PACEDIGITK	₹62 Cr	13%	Jun 2026
Enviro Infra Engineers Ltd EIEL	₹45 Cr	7.1%	Jun 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified	₹42 Cr	147%	Mar 2026
Goel Construction Company Ltd 544504	₹29 Cr	32%	Mar 2026
K.P. Energy Ltd KPEL⚠ unverified	₹26 Cr	4.0%	Jun 2026
Bajel Projects Ltd BAJEL⚠ unverified	₹5 Cr	60%	Jun 2026
EMA India Ltd 522027	₹-0 Cr	—	Dec 2025
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified	₹-59 Cr	—	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹82 Cr

Sep 2023₹39 Cr

Dec 2023₹44 Cr

Mar 2024₹532 Cr

Jun 2024₹1 Cr

Sep 2024₹15 Cr

Dec 2024₹112 Cr

Mar 2025₹122 Cr

Jun 2025₹131 Cr

Sep 2025₹115 Cr

Dec 2025₹114 Cr

Mar 2026₹138 Cr

Jun 2026₹235 Cr

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹7 Cr

Jun 2024₹6 Cr

Sep 2024₹4 Cr

Dec 2024₹1 Cr

Mar 2025₹5 Cr

Jun 2025₹3 Cr

Sep 2025₹4 Cr

Dec 2025₹-0 Cr

Mar 2026₹14 Cr

Jun 2026₹5 Cr

EMA India Ltd · 522027

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹-0 Cr

Dec 2022₹-0 Cr

Mar 2023₹-0 Cr

Jun 2023₹-0 Cr

Sep 2023₹-0 Cr

Dec 2023₹-0 Cr

Mar 2024₹-0 Cr

Jun 2024₹-0 Cr

Sep 2024₹-0 Cr

Dec 2024₹-0 Cr

Mar 2025₹-0 Cr

Jun 2025₹-0 Cr

Sep 2025₹7 Cr

Dec 2025₹-0 Cr

Mar 2026—

Jun 2026—

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹12 Cr

Dec 2023₹17 Cr

Mar 2024₹57 Cr

Jun 2024₹30 Cr

Sep 2024₹36 Cr

Dec 2024₹37 Cr

Mar 2025₹74 Cr

Jun 2025₹42 Cr

Sep 2025₹50 Cr

Dec 2025₹42 Cr

Mar 2026₹54 Cr

Jun 2026₹45 Cr

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹7 Cr

Dec 2023—

Mar 2024₹15 Cr

Jun 2024—

Sep 2024₹13 Cr

Dec 2024—

Mar 2025₹17 Cr

Jun 2025—

Sep 2025₹33 Cr

Dec 2025—

Mar 2026₹42 Cr

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024₹17 Cr

Dec 2024—

Mar 2025₹22 Cr

Jun 2025—

Sep 2025₹17 Cr

Dec 2025—

Mar 2026₹29 Cr

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹12 Cr

Mar 2023₹15 Cr

Jun 2023₹15 Cr

Sep 2023₹8 Cr

Dec 2023₹9 Cr

Mar 2024₹25 Cr

Jun 2024₹18 Cr

Sep 2024₹25 Cr

Dec 2024₹26 Cr

Mar 2025₹46 Cr

Jun 2025₹25 Cr

Sep 2025₹36 Cr

Dec 2025₹41 Cr

Mar 2026₹79 Cr

Jun 2026₹26 Cr

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹50 Cr

Sep 2024₹102 Cr

Dec 2024₹71 Cr

Mar 2025₹56 Cr

Jun 2025₹55 Cr

Sep 2025₹68 Cr

Dec 2025₹79 Cr

Mar 2026₹106 Cr

Jun 2026₹62 Cr

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-291 Cr

Mar 2023₹-400 Cr

Jun 2023₹-292 Cr

Sep 2023₹-309 Cr

Dec 2023₹-307 Cr

Mar 2024₹-326 Cr

Jun 2024₹-351 Cr

Sep 2024₹-341 Cr

Dec 2024₹-362 Cr

Mar 2025₹-373 Cr

Jun 2025₹-400 Cr

Sep 2025₹6.3K Cr

Dec 2025₹-49 Cr

Mar 2026₹-60 Cr

Jun 2026₹-59 Cr

Profit growth · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-99%

Sep 2024-62%

Dec 2024155%

Mar 2025-77%

Jun 202513,000%

Sep 2025667%

Dec 20251.8%

Mar 202613%

Jun 202679%

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-32%

Jun 2025-46%

Sep 2025-1.6%

Dec 2025-129%

Mar 2026193%

Jun 202660%

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024200%

Dec 2024118%

Mar 202530%

Jun 202540%

Sep 202539%

Dec 202514%

Mar 2026-27%

Jun 20267.1%

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202486%

Dec 2024—

Mar 202513%

Jun 2025—

Sep 2025154%

Dec 2025—

Mar 2026147%

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 2025—

Mar 202632%

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-25%

Mar 202467%

Jun 202420%

Sep 2024213%

Dec 2024189%

Mar 202584%

Jun 202539%

Sep 202544%

Dec 202558%

Mar 202672%

Jun 20264.0%

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 202510%

Sep 2025-33%

Dec 202511%

Mar 202689%

Jun 202613%

09 · compare level, then change

Return On Capital Employed

K.P. Energy Ltd has the highest ROCE among the 9 Engineering - Turnkey Services companies compared here, at 39.2%. Ganesh Green Bharat Ltd is next at 35.4%. Ganesh Green Bharat Ltd has the highest ROCE change at +15.5 percentage points, so level and change sit with different companies. Its ROCE series carries 18 reported observations across the 20-quarter window.

What the numbers say: K.P. Energy Ltd leads ROCE at 39.2%, 3.8 percentage points above Ganesh Green Bharat Ltd. Ganesh Green Bharat Ltd has the strongest latest improvement at +15.5 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.

LeaderK.P. Energy Ltd · 39.2%

Gap10.7% versus #2 · Ganesh Green Bharat Ltd

Persistence6/8 recent comparable periods

Coverage9/9 companies · 56 observations

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

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

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1K.P. Energy Ltd KPEL⚠ unverified39%

2Ganesh Green Bharat Ltd GGBL⚠ unverified35%

3Goel Construction Company Ltd 54450434%

4Pace Digitek Ltd PACEDIGITK21%

5Enviro Infra Engineers Ltd EIEL20%

ROCE changefastest improvers

1Ganesh Green Bharat Ltd GGBL⚠ unverified+15.5 pp

2K.P. Energy Ltd KPEL⚠ unverified+6.2 pp

3Bajel Projects Ltd BAJEL⚠ unverified+3.5 pp

4ACME Solar Holdings Ltd ACMESOLAR−0.5 pp

5Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified−3.1 pp

Return on capital · company comparison

9/9 level · 9/9 change

Withheld from this chart: Enviro Infra Engineers Ltd (EIEL) — its two data sources disagree by up to 2.9% on reported income across 11 comparable periods, so its derived ratios are withheld; Pace Digitek Ltd (PACEDIGITK) — its two data sources disagree by up to 9.1% on reported income across 8 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Ganesh Green Bharat Ltd GGBL⚠ unverified	35%	+15.5 pp	Mar 2026
K.P. Energy Ltd KPEL⚠ unverified	32%	+6.2 pp	Jun 2026
Bajel Projects Ltd BAJEL⚠ unverified	10%	+3.5 pp	Jun 2026
ACME Solar Holdings Ltd ACMESOLAR	5.5%	−0.5 pp	Jun 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified	-2.2%	−3.1 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20247.1%

Jun 20246.4%

Sep 20245.5%

Dec 202411%

Mar 20256.0%

Jun 20258.4%

Sep 20257.5%

Dec 202510%

Mar 20265.5%

Jun 2026—

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-2,018%

Dec 2022—

Mar 20231.3%

Jun 20230.6%

Sep 20231.0%

Dec 2023—

Mar 20240.8%

Jun 2024—

Sep 20245.3%

Dec 202412%

Mar 20256.7%

Jun 202513%

Sep 20257.9%

Dec 202512%

Mar 202610%

Jun 2026—

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202316%

Dec 2023—

Mar 202438%

Jun 2024—

Sep 202420%

Dec 2024—

Mar 202519%

Jun 2025—

Sep 202526%

Dec 2025—

Mar 202635%

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 20218.9%

Dec 202112%

Mar 202215%

Jun 202223%

Sep 202223%

Dec 202226%

Mar 202332%

Jun 2023—

Sep 202329%

Dec 202333%

Mar 202425%

Jun 202436%

Sep 202422%

Dec 202440%

Mar 202526%

Jun 202542%

Sep 202532%

Dec 202543%

Mar 202632%

Jun 2026—

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 20211.0%

Dec 2021—

Mar 20221.2%

Jun 2022—

Sep 20220.4%

Dec 2022—

Mar 20231.0%

Jun 2023—

Sep 20231.7%

Dec 2023—

Mar 20241.3%

Jun 2024—

Sep 20240.8%

Dec 2024—

Mar 20250.9%

Jun 2025—

Sep 2025-6.9%

Dec 20251,589%

Mar 2026-2.2%

Jun 2026—

ROCE change · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−1.1 pp

Jun 2025+2.0 pp

Sep 2025+2.0 pp

Dec 2025−0.8 pp

Mar 2026−0.5 pp

Jun 2026—

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023+2,019.3 pp

Dec 2023—

Mar 2024−0.5 pp

Jun 2024—

Sep 2024+4.3 pp

Dec 2024—

Mar 2025+5.9 pp

Jun 2025—

Sep 2025+2.6 pp

Dec 2025+0.3 pp

Mar 2026+3.5 pp

Jun 2026—

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+3.9 pp

Dec 2024—

Mar 2025−19.0 pp

Jun 2025—

Sep 2025+5.9 pp

Dec 2025—

Mar 2026+15.5 pp

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+14.4 pp

Dec 2022+13.3 pp

Mar 2023+16.8 pp

Jun 2023—

Sep 2023+5.8 pp

Dec 2023+7.5 pp

Mar 2024−6.6 pp

Jun 2024—

Sep 2024−7.6 pp

Dec 2024+7.2 pp

Mar 2025+0.8 pp

Jun 2025+5.4 pp

Sep 2025+10.0 pp

Dec 2025+3.1 pp

Mar 2026+6.2 pp

Jun 2026—

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.6 pp

Dec 2022—

Mar 2023−0.2 pp

Jun 2023—

Sep 2023+1.3 pp

Dec 2023—

Mar 2024+0.3 pp

Jun 2024—

Sep 2024−0.9 pp

Dec 2024—

Mar 2025−0.4 pp

Jun 2025—

Sep 2025−7.7 pp

Dec 2025—

Mar 2026−3.1 pp

Jun 2026—

10 · compare level, then change

Valuation Against Growth & Quality

ACME Solar Holdings Ltd has the lowest PEG among the 9 Engineering - Turnkey Services companies compared here, at 0.8×. Supreme Infrastructure India Ltd has the lowest P/E at 0.1×, so level and change sit with different companies. 1 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: ACME Solar Holdings Ltd has the lowest comparable PEG at 0.8×. Only 1 of 9 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.

LeaderACME Solar Holdings Ltd · 0.8×

GapNot enough peers

Persistence0/7 recent comparable periods

Coverage1/9 companies · 0 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

1ACME Solar Holdings Ltd ACMESOLAR0.8

P/Elowest P/E

1Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified0.1

2Ganesh Green Bharat Ltd GGBL⚠ unverified7.1

3K.P. Energy Ltd KPEL⚠ unverified8.0

4Pace Digitek Ltd PACEDIGITK11.4

5Goel Construction Company Ltd 54450412.8

Valuation · company comparison

1/9 level · 8/9 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
ACME Solar Holdings Ltd ACMESOLAR	0.8	43.6	Jun 2026
Goel Construction Company Ltd 544504	—	9.0	Mar 2026
Enviro Infra Engineers Ltd EIEL	—	20.2	Jun 2026
Pace Digitek Ltd PACEDIGITK	—	13.8	Jun 2026
Bajel Projects Ltd BAJEL⚠ unverified	—	116.5	Jun 2026
K.P. Energy Ltd KPEL⚠ unverified	—	13.0	Jun 2026
Supreme Infrastructure India Ltd SUPREMEINF⚠ unverified	—	0.2	Jun 2026
Ganesh Green Bharat Ltd GGBL⚠ unverified	—	11.5	Mar 2026

Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

ACME Solar Holdings Ltd · ACMESOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202482.3

Mar 2025228.6

Jun 202555.7

Sep 202539.2

Dec 202527.6

Mar 202632.5

Jun 202643.6

Bajel Projects Ltd · BAJEL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-255.5

Mar 2024578.8

Jun 2024297.8

Sep 2024159.7

Dec 2024178.2

Mar 2025122.6

Jun 2025179.0

Sep 2025120.6

Dec 2025105.7

Mar 202686.0

Jun 2026116.5

Enviro Infra Engineers Ltd · EIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202440.4

Mar 202528.0

Jun 202521.4

Sep 202521.6

Dec 202517.6

Mar 202611.5

Jun 202620.2

Ganesh Green Bharat Ltd · GGBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202439.4

Dec 2024—

Mar 202525.0

Jun 2025—

Sep 202532.1

Dec 2025—

Mar 202611.5

Jun 2026—

Goel Construction Company Ltd · 544504

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20259.3

Dec 2025—

Mar 20269.0

Jun 2026—

K.P. Energy Ltd · KPEL⚠ unverified

Sep 202117.4

Dec 202124.9

Mar 202218.4

Jun 20229.5

Sep 202216.5

Dec 202213.7

Mar 20239.9

Jun 202317.4

Sep 202325.5

Dec 202329.6

Mar 202450.1

Jun 202447.7

Sep 202450.6

Dec 202445.4

Mar 202526.2

Jun 202529.2

Sep 202522.0

Dec 202517.2

Mar 202611.7

Jun 202613.0

Pace Digitek Ltd · PACEDIGITK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20255.6

Mar 202610.6

Jun 202613.8

Supreme Infrastructure India Ltd · SUPREMEINF⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.2

Dec 2025—

Mar 2026—

Jun 2026—

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Engineering - Turnkey Services comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 9 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 4 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.
4 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.
2 companies are 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.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Engineering - Turnkey Services companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. 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 2026-09-11 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing1 cross-checked · 6 unverified · 2 withheld, of 9 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.

13 · questions investors ask, short speakable answers

Engineering - Turnkey Services company comparison FAQs

These 24 answers restate the Engineering - Turnkey Services comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Engineering - Turnkey Services sector outperforming NIFTY 500?

Which Engineering - Turnkey Services company is largest by revenue?

Pace Digitek Ltd leads with revenue of ₹2,829 crore, based on 7 of 9 comparable companies through Jun 2026.

Which Engineering - Turnkey Services company is growing fastest?

Supreme Infrastructure India Ltd has the fastest current revenue growth at 74.5%, across 6 of 9 comparable companies.

Which Engineering - Turnkey Services company has the strongest 4-Factor Sector Score?

ACME Solar Holdings Ltd ranks first at 66.1/100 with 93% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Engineering - Turnkey Services company has the lowest comparable PEG?

ACME Solar Holdings Ltd has the lowest comparable PEG at 0.8, among 1 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Engineering - Turnkey Services 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 Engineering - Turnkey Services 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 - Turnkey Services, this page builds its own equal-weight basket of 9 listed Engineering - Turnkey Services 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 - Turnkey Services stocks in India?

Ranked by this page's four-factor score, ACME Solar Holdings Ltd places first among 9 listed Engineering - Turnkey Services companies, followed by K.P. Energy Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Engineering - Turnkey Services stocks are listed in India?

This comparison covers 9 listed Engineering - Turnkey Services 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 - Turnkey Services company is the biggest?

Pace Digitek Ltd is the largest, with trailing-twelve-month revenue of ₹2,829 crore, ahead of Bajel Projects Ltd at ₹2,751 crore. That covers 7 of 9 companies with comparable reporting through Jun 2026.

Which Engineering - Turnkey Services company has the best profit margins?

ACME Solar Holdings Ltd has the highest operating margin at 86%, from 8 of 9 comparable companies. Supreme Infrastructure India Ltd shows the biggest improvement (+40 percentage points — see the chart above for the starting level). A high margin matters most when it is holding or rising, not when it is peaking.

Which Engineering - Turnkey Services company makes the most profit?

Supreme Infrastructure India Ltd earns the most, at ₹6,138 crore of trailing-twelve-month net profit, from 7 of 9 comparable companies. Bajel Projects Ltd has the fastest profit growth at 70.9%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Engineering - Turnkey Services company earns the highest return on capital?

K.P. Energy Ltd leads on return on capital employed at 39.2%, across 9 of 9 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 - Turnkey Services stock is the cheapest?

On PEG — where a LOWER number is cheaper — ACME Solar Holdings Ltd screens cheapest at 0.8×. Only 1 of 9 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 - Turnkey Services sector beating the market?

Engineering - Turnkey Services has underperformed NIFTY 500 by 1.1% over the last 52 weeks and 6.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Engineering - Turnkey Services stock has the strongest price momentum?

EMA India 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 - Turnkey Services company scores highest for research priority?

ACME Solar Holdings Ltd scores 66.1 out of 100 with 93% evidence confidence, from 22.5 points on growth and earnings, 11.4 on capital efficiency, 13.6 on valuation and 18.6 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 - Turnkey Services companies does this comparison cover, and over what period?

It compares 9 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 Engineering - Turnkey Services sector?

The 9 Engineering - Turnkey Services companies on this page carry ₹41,013 crore of combined market value. ACME Solar Holdings Ltd is the largest at ₹28,438 crore, about 69% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

What is the Engineering - Turnkey Services sector's P/E ratio?

The median price-to-earnings ratio across the 9 Engineering - Turnkey Services companies on this page is 12.8×, measured on the 8 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-17.

How is the Engineering - Turnkey Services sector performing?

6 of the 8 covered Engineering - Turnkey Services companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 1.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

Why are some values on this page blank?

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

Is this investment advice?

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

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