Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Infra - Engineering - General Stocks in India

Infra - Engineering - General: Ircon International Ltd owns the largest revenue base; Artson Ltd has the fastest current growth.

01 · the index people search for

Nifty Infra - Engineering - General Index — Constituents & Performance

The Infra - Engineering - General companies below are the listed Indian Infra - Engineering - General universe this page tracks — the same constituent set people search for as the Nifty Infra - Engineering - General index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Infra - Engineering - General 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 7% behind NIFTY 500. Earnings across its companies fell 12% on average over the last four reported quarters.

ASLEEP · 1y −4.0%⚠Moving with the index1 of 8 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 3/8 >200d (−1) · 1/8 lead (−2) · EPS 2/7↑

200500100020262025202420232022 1188333 TRAILING 12-MONTH EPS · 100 AT THE START0100203Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 203, against 100 at the start · up 102.9% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 137, against 100 at the start · up 82.0% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 145, against 100 at the start · up 74.7% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 143, against 100 at the start · up 24.1% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 149, against 100 at the start · up 12.7% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 4.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 124, against 100 at the start · down 18.8% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 124, against 100 at the start · down 5.6% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · down 4.1% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 19.5% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 95, against 100 at the start · down 8.2% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 152, against 100 at the start · down 14.6% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two152 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1188333 TRAILING 12-MONTH EPS · 100 AT THE START0100203Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 203, against 100 at the start · up 102.9% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 137, against 100 at the start · up 82.0% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 145, against 100 at the start · up 74.7% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 143, against 100 at the start · up 24.1% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 149, against 100 at the start · up 12.7% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 4.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 124, against 100 at the start · down 18.8% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 124, against 100 at the start · down 5.6% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · down 4.1% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 19.5% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 95, against 100 at the start · down 8.2% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 152, against 100 at the start · down 14.6% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two152No earnings on file this far back — the price series reaches further than the filings do
Infra - Engineering - General, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Infra - Engineering - General outperforming NIFTY 500?

Infra - Engineering - General has outperformed NIFTY 500 by 0.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.2%. 2 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. BGR Energy Systems Ltd is the strongest against the sector itself at +28.2%.

-8.2%Sector vs NIFTY 500 · 13 weeks
+0.3%Sector vs NIFTY 500 · 52 weeks
2/8Stocks leading NIFTY 500
3/8Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

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

Infra - Engineering - General has outperformed NIFTY 500 by 0.3% over 52 weeks and 8.2% over 13 weeks. 2 of 8 covered companies beat NIFTY on Mansfield relative strength, while 3 of 8 beat the sector itself. Ircon International Ltd leads with revenue of ₹9,071 crore, based on 7 of 8 comparable companies through Mar 2026.

Companies
8
complete canonical membership
Combined market value
₹39.4K Cr
Engineers India Ltd
Revenue growing
3/7
positive TTM year-on-year growth
Beating NIFTY 500
2/8
positive Mansfield relative strength
Comparing 5 of 8
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%
Engineers India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.
Ircon International Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
BGR Energy Systems Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

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

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Engineers India LtdENGINERSIN 74.9/100Favorable setup96% evidence FADING 23.2/35 Revenue 27.2% · PAT 18.9% · OPM change -14 pp 88% evidence 21.1/25 ROCE 30.6% · OPM 16% 100% evidence 17.6/20 P/E 18.1× · PEG 0.51 100% evidence 13.0/20 RS sector 8.3% · RS bench 4.1% · 1Y -3.1%7 of 12 weeks ahead 100% evidence
Exact sum: 23.2 + 21.1 + 17.6 + 13 = 74.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Bondada Engineering Ltd543971 58.9/100Mixed-positive evidence60% evidence ASLEEP 18.3/35 Revenue — · PAT — · OPM change 0 pp 32% evidence 19.3/25 ROCE 38.7% · OPM 11% 76% evidence 14.8/20 P/E 16.4× · PEG — 50% evidence 6.5/20 RS sector -13.3% · RS bench -16.7% · 1Y -30.7%6 of 12 weeks ahead 100% evidence
Exact sum: 18.3 + 19.3 + 14.8 + 6.5 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Axtel Industries LtdAXTEL 57.8/100Thin evidence · provisional57% evidence 19.6/35 Revenue -1.2% · PAT 33.3% · OPM change 6.2 pp 53% evidence 16.0/25 ROCE 19.8% · OPM 18.4% 57% evidence 8.1/20 P/E 29.9× · PEG — 50% evidence 14.1/20 RS sector 4.3% · RS bench 1.9% · 1Y -2.6%1 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 19.6 + 16 + 8.1 + 14.1 = 57.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4ISGEC Heavy Engineering LtdISGEC 43.1/100Mixed-negative evidence96% evidence ASLEEP 18.6/35 Revenue 6.2% · PAT 0% · OPM change -1 pp 88% evidence 11.3/25 ROCE 10.8% · OPM 8% 100% evidence 8.9/20 P/E 52.9× · PEG 0.94 100% evidence 4.3/20 RS sector -7.3% · RS bench -10.9% · 1Y -27.3%2 of 12 weeks ahead 100% evidence
Exact sum: 18.6 + 11.3 + 8.9 + 4.3 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Ircon International LtdIRCON 39.8/100Mixed-negative evidence90% evidence ASLEEP 15.0/35 Revenue -15.7% · PAT -18.7% · OPM change 1 pp 88% evidence 7.9/25 ROCE 9.7% · OPM 8% 100% evidence 13.1/20 P/E 19.9× · PEG 1.13 100% evidence 3.8/20 RS sector -14.9% · RS bench -18.6% · 1Y -30.5%0 of 10 weeks ahead 70% evidence
Exact sum: 15 + 7.9 + 13.1 + 3.8 = 39.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
6EMS LtdEMSLIMITED 31.6/100Adverse evidence90% evidence TURNING 8.5/35 Revenue -23.2% · PAT -50.5% · OPM change -8.8 pp 88% evidence 11.4/25 ROCE 12.5% · OPM 15.2% 100% evidence 5.9/20 P/E 25.2× · PEG 2.09 100% evidence 5.8/20 RS sector -35.9% · RS bench -2% · 1Y -33.8%7 of 10 weeks ahead 70% evidence
Exact sum: 8.5 + 11.4 + 5.9 + 5.8 = 31.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7BGR Energy Systems LtdBGRENERGY 29.6/100Adverse evidence63% evidence TURNING 5.1/35 Revenue -38.3% · PAT -10.9% · OPM change -529 pp 71% evidence 0.6/25 ROCE -26.9% · OPM -648% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 13.9/20 RS sector 28.2% · RS bench -8.7% · 1Y 189.6%2 of 10 weeks ahead 70% evidence
Exact sum: 5.1 + 0.6 + 10 + 13.9 = 29.6 · Decision use: Price leads the evidence: RS versus the benchmark is -8.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Artson LtdARTSON 46.8/100Thin evidence · provisional47% evidence 17.0/35 Revenue 100% · PAT -80% · OPM change -4 pp 53% evidence 12.9/25 ROCE 24.6% · OPM -45% 57% evidence 10.0/20 P/E — · PEG — 0% evidence 6.9/20 RS sector -7.5% · RS bench -10% · 1Y -17.1%0 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 17 + 12.9 + 10 + 6.9 = 46.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

BGR Energy Systems Ltd has the strongest one-year price move in Infra - Engineering - General at +189.6%. Engineers India Ltd leads on Mansfield relative strength against NIFTY at +4.1%. 2 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

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

Ircon International Ltd has the highest Revenue among the 8 Infra - Engineering - General companies compared here, at ₹9,071 crore. ISGEC Heavy Engineering Ltd is next at ₹6,819 crore. Artson Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Ircon International Ltd is the scale leader at ₹9,071 crore, 33% ahead of ISGEC Heavy Engineering Ltd. Artson Ltd's growth is stored at the ≥100% scoring cap from a ₹176 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderIrcon International Ltd · ₹9,071 crore
Gap33% versus #2 · ISGEC Heavy Engineering Ltd
Persistence0/8 recent comparable periods
Coverage7/8 companies · 119 observations

Investor read: Ircon International Ltd is the scale benchmark; Artson Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Ircon International Ltd's growth falls below Artson 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
1Ircon International Ltd IRCON₹9.1K Cr
2ISGEC Heavy Engineering Ltd ISGEC₹6.8K Cr
3Engineers India Ltd ENGINERSIN₹3.9K Cr
4EMS Ltd EMSLIMITED₹733 Cr
5BGR Energy Systems Ltd BGRENERGY⚠ unverified₹227 Cr
Revenue growthfastest growers
1Artson Ltd ARTSON · older report100%
2Engineers India Ltd ENGINERSIN27%
3ISGEC Heavy Engineering Ltd ISGEC6.2%
4Axtel Industries Ltd AXTEL · older report-1.2%
5Ircon International Ltd IRCON-16%
Revenue · company comparison
7/8 level · 7/8 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Ircon International Ltd IRCON₹3.2K Cr-6.5%Mar 2026
ISGEC Heavy Engineering Ltd ISGEC₹2.0K Cr17%Mar 2026
Engineers India Ltd ENGINERSIN₹926 Cr-8.3%Mar 2026
Bondada Engineering Ltd 543971₹914 Cr28%Mar 2026
EMS Ltd EMSLIMITED₹121 Cr-55%Mar 2026
Axtel Industries Ltd AXTEL₹59 Cr45%Dec 2025
Artson Ltd ARTSON₹32 Cr78%Dec 2025
BGR Energy Systems Ltd BGRENERGY⚠ unverified₹16 Cr-82%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Artson Ltd · ARTSON

—
—
—
—
—
₹31 Cr
₹29 Cr
₹42 Cr
₹30 Cr
₹31 Cr
₹25 Cr
₹25 Cr
₹20 Cr
₹18 Cr
₹51 Cr
₹45 Cr
₹48 Cr
₹32 Cr
—
—

Axtel Industries Ltd · AXTEL

—
—
—
—
—
₹40 Cr
₹67 Cr
₹48 Cr
₹69 Cr
₹54 Cr
₹52 Cr
₹45 Cr
₹56 Cr
₹40 Cr
₹38 Cr
₹27 Cr
₹67 Cr
₹59 Cr
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

—
—
—
—
—
₹246 Cr
₹107 Cr
₹145 Cr
₹235 Cr
₹462 Cr
₹170 Cr
₹174 Cr
₹83 Cr
₹66 Cr
₹130 Cr
₹89 Cr
₹83 Cr
₹78 Cr
₹50 Cr
₹16 Cr

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
—
—
—
—
—
₹376 Cr
₹714 Cr
—
₹659 Cr
₹712 Cr
₹914 Cr
—

EMS Ltd · EMSLIMITED

—
—
—
₹93 Cr
₹93 Cr
₹151 Cr
₹190 Cr
₹138 Cr
₹211 Cr
₹200 Cr
₹245 Cr
₹206 Cr
₹233 Cr
₹245 Cr
₹270 Cr
₹239 Cr
₹173 Cr
₹200 Cr
₹121 Cr
—

Engineers India Ltd · ENGINERSIN

₹657 Cr
₹692 Cr
₹818 Cr
₹815 Cr
₹793 Cr
₹842 Cr
₹880 Cr
₹818 Cr
₹790 Cr
₹868 Cr
₹805 Cr
₹624 Cr
₹689 Cr
₹765 Cr
₹1.0K Cr
₹870 Cr
₹921 Cr
₹1.2K Cr
₹926 Cr
—

Ircon International Ltd · IRCON

₹1.5K Cr
₹1.8K Cr
₹3.0K Cr
₹2.0K Cr
₹2.2K Cr
₹2.3K Cr
₹3.8K Cr
₹2.8K Cr
₹3.0K Cr
₹2.9K Cr
₹3.8K Cr
₹2.3K Cr
₹2.4K Cr
₹2.6K Cr
₹3.4K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹3.2K Cr
—

ISGEC Heavy Engineering Ltd · ISGEC

₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹1.2K Cr
₹1.5K Cr
₹1.6K Cr
₹2.0K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.9K Cr
₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.7K Cr
₹1.3K Cr
₹1.7K Cr
₹1.7K Cr
₹2.0K Cr
—

Revenue growth · reported quarter history

Artson Ltd · ARTSON

—
—
—
—
—
—
—
—
—
0.0%
-14%
-40%
-33%
-42%
104%
80%
140%
78%
—
—

Axtel Industries Ltd · AXTEL

—
—
—
—
—
—
—
—
—
33%
-23%
-6.7%
-20%
-25%
-28%
-39%
21%
45%
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

—
—
—
—
—
—
—
—
—
88%
59%
20%
-65%
-86%
-24%
-49%
0.0%
18%
-62%
-82%

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
89%
28%
—

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
48%
126%
32%
29%
50%
11%
23%
10%
16%
-26%
-18%
-55%
—

Engineers India Ltd · ENGINERSIN

—
—
—
9.3%
21%
22%
7.6%
0.4%
-0.4%
3.1%
-8.5%
-24%
-13%
-12%
25%
39%
34%
58%
-8.3%
—

Ircon International Ltd · IRCON

—
—
—
76%
47%
33%
28%
38%
33%
25%
0.2%
-17%
-18%
-11%
-9.9%
-22%
-19%
-19%
-6.5%
—

ISGEC Heavy Engineering Ltd · ISGEC

—
—
—
11%
10.0%
14%
28%
11%
-2.6%
-6.5%
-8.6%
11%
12%
0.1%
-6.6%
-13%
2.9%
16%
17%
—
07 · compare level, then change

Operating Economics & Margin Trend

Axtel Industries Ltd has the highest OPM among the 8 Infra - Engineering - General companies compared here, at 18.4%. Engineers India Ltd is next at 16%. The same company also holds the highest Margin change, at +6.2 percentage points. 8 of 8 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Axtel Industries Ltd leads both opm at 18.4% and margin change at +6.2 percentage points.

LeaderAxtel Industries Ltd · 18.4%
Gap15% versus #2 · Engineers India Ltd
Persistence2/8 recent comparable periods
Coverage8/8 companies · 139 observations

Investor read: Axtel Industries 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
1Axtel Industries Ltd AXTEL · older report18%
2Engineers India Ltd ENGINERSIN16%
3EMS Ltd EMSLIMITED15%
4Bondada Engineering Ltd 54397111%
5Ircon International Ltd IRCON8.0%
Margin changefastest expanders
1Axtel Industries Ltd AXTEL · older report+6.2 pp
2Ircon International Ltd IRCON+1.0 pp
3Bondada Engineering Ltd 5439710.0 pp
4ISGEC Heavy Engineering Ltd ISGEC−1.0 pp
5Artson Ltd ARTSON · older report−4.0 pp
Operating margin · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Axtel Industries Ltd AXTEL18%+6.2 ppDec 2025
Engineers India Ltd ENGINERSIN16%−14.0 ppMar 2026
EMS Ltd EMSLIMITED15%−8.8 ppMar 2026
Bondada Engineering Ltd 54397111%0.0 ppMar 2026
Ircon International Ltd IRCON8.0%+1.0 ppMar 2026
ISGEC Heavy Engineering Ltd ISGEC8.0%−1.0 ppMar 2026
Artson Ltd ARTSON-45%−4.0 ppDec 2025
BGR Energy Systems Ltd BGRENERGY⚠ unverified-648%−529.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Artson Ltd · ARTSON

8.8%
-2.5%
1.4%
-4.6%
-8.0%
3.0%
-24%
9.0%
12%
11%
12%
10%
-8.0%
-41%
8.0%
7.0%
0.0%
-45%
—
—

Axtel Industries Ltd · AXTEL

7.9%
8.8%
17%
-1.4%
15%
9.0%
20%
15%
24%
24%
15%
12%
16%
12%
12%
5.6%
20%
18%
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

20%
1.0%
2.1%
-6.1%
-38%
7.0%
-197%
-17%
-12%
-97%
95%
-1.8%
-83%
-291%
-232%
-119%
-68%
-241%
-467%
-648%

Bondada Engineering Ltd · 543971

—
—
—
—
7.3%
—
7.7%
—
6.9%
—
9.5%
—
11%
10%
11%
—
12%
12%
11%
—

EMS Ltd · EMSLIMITED

—
—
—
30%
36%
28%
25%
23%
27%
23%
28%
24%
29%
29%
24%
23%
21%
15%
15%
—

Engineers India Ltd · ENGINERSIN

9.4%
9.6%
13%
5.8%
5.7%
6.0%
19%
9.0%
12%
6.0%
10%
8.0%
9.0%
13%
30%
8.0%
13%
29%
16%
—

Ircon International Ltd · IRCON

9.1%
8.7%
6.2%
8.0%
8.9%
7.0%
4.8%
9.0%
7.0%
9.0%
8.0%
11%
8.0%
5.0%
7.0%
11%
7.0%
7.0%
8.0%
—

ISGEC Heavy Engineering Ltd · ISGEC

3.4%
7.7%
6.7%
5.8%
6.0%
8.0%
8.0%
7.0%
9.0%
8.0%
7.0%
8.0%
8.0%
9.0%
9.0%
9.0%
9.0%
11%
8.0%
—

Margin change · reported quarter history

Artson Ltd · ARTSON

+5.2 pp
−6.5 pp
−4.4 pp
−12.7 pp
−16.8 pp
+5.5 pp
−25.4 pp
+13.6 pp
+20.0 pp
+8.0 pp
+36.0 pp
+1.0 pp
−20.0 pp
−52.0 pp
−4.0 pp
−3.0 pp
+8.0 pp
−4.0 pp
—
—

Axtel Industries Ltd · AXTEL

−12.2 pp
−10.8 pp
+8.0 pp
−10.0 pp
+7.4 pp
+0.2 pp
+2.4 pp
+16.1 pp
+8.7 pp
+14.5 pp
−4.8 pp
−2.4 pp
−8.0 pp
−11.3 pp
−2.8 pp
−6.7 pp
+3.7 pp
+6.2 pp
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

+67.5 pp
+10.6 pp
+3.7 pp
−3.7 pp
−58.2 pp
+6.0 pp
−199.1 pp
−10.9 pp
+26.1 pp
−104.0 pp
+292.0 pp
+15.2 pp
−71.0 pp
−194.0 pp
−327.0 pp
−117.2 pp
+15.0 pp
+50.0 pp
−235.0 pp
−529.0 pp

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
−0.5 pp
—
+1.9 pp
—
+3.7 pp
—
+1.5 pp
—
+1.5 pp
+2.0 pp
0.0 pp
—

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
−6.7 pp
−8.5 pp
−4.5 pp
+2.5 pp
+0.9 pp
+2.3 pp
+5.5 pp
−3.5 pp
−1.7 pp
−7.9 pp
−13.6 pp
−8.8 pp
—

Engineers India Ltd · ENGINERSIN

−2.1 pp
+0.5 pp
−1.7 pp
−8.5 pp
−3.7 pp
−3.6 pp
+5.6 pp
+3.3 pp
+6.4 pp
0.0 pp
−9.0 pp
−1.0 pp
−3.0 pp
+7.0 pp
+20.0 pp
0.0 pp
+4.0 pp
+16.0 pp
−14.0 pp
—

Ircon International Ltd · IRCON

−0.8 pp
−0.9 pp
−2.0 pp
−1.6 pp
−0.2 pp
−1.7 pp
−1.4 pp
+1.0 pp
−1.9 pp
+2.0 pp
+3.2 pp
+2.0 pp
+1.0 pp
−4.0 pp
−1.0 pp
0.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
—

ISGEC Heavy Engineering Ltd · ISGEC

−7.1 pp
+0.4 pp
−0.9 pp
+1.2 pp
+2.6 pp
+0.3 pp
+1.3 pp
+1.2 pp
+3.0 pp
0.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
−1.0 pp
—
08 · compare level, then change

Profit Scale & Acceleration

Engineers India Ltd has the highest Net profit among the 8 Infra - Engineering - General companies compared here, at ₹691 crore. Ircon International Ltd is next at ₹592 crore. Axtel Industries Ltd has the highest Profit growth at 33.3%, so level and change sit with different companies. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: Engineers India Ltd leads with ₹691 crore of TTM profit, 16.7% above Ircon International Ltd. Axtel Industries Ltd shows 33.3% growth from a ₹25 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderEngineers India Ltd · ₹691 crore
Gap16.7% versus #2 · Ircon International Ltd
Persistence3/8 recent comparable periods
Coverage7/8 companies · 119 observations

Investor read: Engineers 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
1Engineers India Ltd ENGINERSIN₹691 Cr
2Ircon International Ltd IRCON₹592 Cr
3ISGEC Heavy Engineering Ltd ISGEC₹284 Cr
4EMS Ltd EMSLIMITED₹91 Cr
5Axtel Industries Ltd AXTEL · older report₹25 Cr
Profit growthfastest growers
1Axtel Industries Ltd AXTEL · older report33%
2Engineers India Ltd ENGINERSIN19%
3ISGEC Heavy Engineering Ltd ISGEC0.0%
4Ircon International Ltd IRCON-19%
5EMS Ltd EMSLIMITED-51%
Net profit · company comparison
7/8 level · 6/8 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Engineers India Ltd ENGINERSIN₹196 Cr-30%Mar 2026
Ircon International Ltd IRCON₹191 Cr-9.9%Mar 2026
ISGEC Heavy Engineering Ltd ISGEC₹85 Cr-13%Mar 2026
Bondada Engineering Ltd 543971₹63 Cr13%Mar 2026
Axtel Industries Ltd AXTEL₹8 Cr145%Dec 2025
EMS Ltd EMSLIMITED₹6 Cr-88%Mar 2026
Artson Ltd ARTSON₹-12 Cr-300%Dec 2025
BGR Energy Systems Ltd BGRENERGY⚠ unverified₹-223 Cr-357%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Artson Ltd · ARTSON

—
—
—
—
—
₹-2 Cr
₹-10 Cr
₹1 Cr
₹3 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹-3 Cr
₹6 Cr
₹1 Cr
₹0 Cr
₹-2 Cr
₹-12 Cr
—
—

Axtel Industries Ltd · AXTEL

—
—
—
—
—
₹2 Cr
₹11 Cr
₹5 Cr
₹12 Cr
₹10 Cr
₹5 Cr
₹4 Cr
₹6 Cr
₹3 Cr
₹5 Cr
₹2 Cr
₹10 Cr
₹8 Cr
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

—
—
—
—
—
₹-59 Cr
₹-218 Cr
₹-92 Cr
₹-107 Cr
₹-691 Cr
₹129 Cr
₹-112 Cr
₹-193 Cr
₹-336 Cr
₹-332 Cr
₹-266 Cr
₹-63 Cr
₹-193 Cr
₹-771 Cr
₹-223 Cr

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
—
—
—
—
—
₹25 Cr
₹56 Cr
—
₹52 Cr
₹54 Cr
₹63 Cr
—

EMS Ltd · EMSLIMITED

—
—
—
₹21 Cr
₹21 Cr
₹30 Cr
₹36 Cr
₹23 Cr
₹45 Cr
₹37 Cr
₹47 Cr
₹37 Cr
₹50 Cr
₹51 Cr
₹47 Cr
₹38 Cr
₹28 Cr
₹19 Cr
₹6 Cr
—

Engineers India Ltd · ENGINERSIN

₹17 Cr
₹41 Cr
₹79 Cr
₹65 Cr
₹75 Cr
₹16 Cr
₹190 Cr
₹139 Cr
₹127 Cr
₹63 Cr
₹116 Cr
₹92 Cr
₹100 Cr
₹109 Cr
₹280 Cr
₹65 Cr
₹83 Cr
₹347 Cr
₹196 Cr
—

Ircon International Ltd · IRCON

₹126 Cr
₹136 Cr
₹242 Cr
₹145 Cr
₹174 Cr
₹190 Cr
₹256 Cr
₹187 Cr
₹251 Cr
₹245 Cr
₹247 Cr
₹224 Cr
₹206 Cr
₹86 Cr
₹212 Cr
₹164 Cr
₹137 Cr
₹100 Cr
₹191 Cr
—

ISGEC Heavy Engineering Ltd · ISGEC

₹10 Cr
₹52 Cr
₹39 Cr
₹18 Cr
₹28 Cr
₹66 Cr
₹93 Cr
₹53 Cr
₹64 Cr
₹67 Cr
₹72 Cr
₹67 Cr
₹96 Cr
₹23 Cr
₹98 Cr
₹59 Cr
₹56 Cr
₹84 Cr
₹85 Cr
—

Profit growth · reported quarter history

Artson Ltd · ARTSON

—
—
—
—
—
—
—
—
—
—
—
-100%
-200%
—
0.0%
—
—
-300%
—
—

Axtel Industries Ltd · AXTEL

—
—
—
—
—
—
—
—
—
333%
-52%
-23%
-51%
-66%
-10%
-54%
72%
145%
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
-357%
—
—
—
—
—

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
116%
13%
—

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
8.5%
116%
25%
32%
63%
9.5%
35%
-1.0%
2.4%
-43%
-62%
-88%
—

Engineers India Ltd · ENGINERSIN

—
—
—
2,067%
341%
-61%
141%
114%
69%
294%
-39%
-34%
-21%
73%
141%
-29%
-17%
218%
-30%
—

Ircon International Ltd · IRCON

—
—
—
63%
38%
40%
5.8%
29%
44%
29%
-3.5%
20%
-18%
-65%
-14%
-27%
-34%
16%
-9.9%
—

ISGEC Heavy Engineering Ltd · ISGEC

—
—
—
29%
180%
27%
138%
194%
129%
1.5%
-23%
26%
50%
-66%
36%
-12%
-42%
265%
-13%
—
09 · compare level, then change

Return On Capital Employed

Bondada Engineering Ltd has the highest ROCE among the 8 Infra - Engineering - General companies compared here, at 38.7%. Engineers India Ltd is next at 30.6%. Engineers India Ltd has the highest ROCE change at +2.2 percentage points, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Bondada Engineering Ltd leads ROCE at 38.7%, 8.1 percentage points above Engineers India Ltd. Engineers India Ltd has the strongest latest improvement at +2.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderBondada Engineering Ltd · 38.7%
Gap26.5% versus #2 · Engineers India Ltd
PersistenceNot enough history
Coverage8/8 companies · 73 observations

Investor read: Bondada Engineering 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
1Bondada Engineering Ltd 54397139%
2Engineers India Ltd ENGINERSIN31%
3Artson Ltd ARTSON · older report25%
4Axtel Industries Ltd AXTEL · older report20%
5EMS Ltd EMSLIMITED13%
ROCE changefastest improvers
1Engineers India Ltd ENGINERSIN+2.2 pp
2Artson Ltd ARTSON · older report+2.0 pp
3ISGEC Heavy Engineering Ltd ISGEC+1.2 pp
4Bondada Engineering Ltd 543971−1.0 pp
5Ircon International Ltd IRCON−1.6 pp
Return on capital · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Engineers India Ltd ENGINERSIN21%+2.2 ppMar 2026
ISGEC Heavy Engineering Ltd ISGEC13%+1.2 ppMar 2026
EMS Ltd EMSLIMITED11%−11.8 ppMar 2026
Ircon International Ltd IRCON4.3%−1.6 ppMar 2026
BGR Energy Systems Ltd BGRENERGY⚠ unverified-33%−81.2 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

0.8%
—
12%
—
-6.4%
—
-52%
—
-50%
-125%
597%
-41%
68%
0.2%
48%
-96%
-28%
-32%
-33%
—

EMS Ltd · EMSLIMITED

—
—
—
—
13%
—
26%
—
21%
31%
22%
32%
23%
28%
23%
26%
18%
17%
11%
—

Engineers India Ltd · ENGINERSIN

24%
—
19%
—
14%
—
15%
—
17%
28%
12%
19%
9.2%
18%
18%
28%
21%
41%
21%
—

Ircon International Ltd · IRCON

8.2%
—
7.0%
—
8.6%
—
7.2%
—
7.4%
17%
9.9%
15%
9.3%
12%
5.9%
9.8%
4.5%
8.9%
4.3%
—

ISGEC Heavy Engineering Ltd · ISGEC

7.4%
—
7.1%
—
9.5%
—
12%
—
14%
14%
13%
13%
9.0%
12%
11%
13%
12%
14%
13%
—

ROCE change · reported quarter history

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

—
—
—
—
−7.2 pp
—
−64.3 pp
—
−43.4 pp
—
+649.6 pp
—
+117.7 pp
+125.4 pp
−549.5 pp
−54.6 pp
−95.5 pp
−32.1 pp
−81.2 pp
—

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
—
+8.7 pp
—
−3.4 pp
—
+1.8 pp
−2.4 pp
+0.4 pp
−5.7 pp
−5.2 pp
−11.1 pp
−11.8 pp
—

Engineers India Ltd · ENGINERSIN

—
—
—
—
−9.9 pp
—
−3.9 pp
—
+3.1 pp
—
−2.8 pp
—
−7.8 pp
−9.3 pp
+6.0 pp
+8.7 pp
+11.7 pp
+22.4 pp
+2.2 pp
—

Ircon International Ltd · IRCON

—
—
—
—
+0.4 pp
—
+0.2 pp
—
−1.2 pp
—
+2.7 pp
—
+1.9 pp
−4.6 pp
−4.0 pp
−5.6 pp
−4.8 pp
−3.2 pp
−1.6 pp
—

ISGEC Heavy Engineering Ltd · ISGEC

—
—
—
—
+2.1 pp
—
+4.9 pp
—
+4.0 pp
—
+0.8 pp
—
−4.5 pp
−1.9 pp
−1.4 pp
−0.6 pp
+2.6 pp
+1.9 pp
+1.2 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Engineers India Ltd has the lowest PEG among the 8 Infra - Engineering - General companies compared here, at 0.51×. ISGEC Heavy Engineering Ltd is next at 0.94×. Bondada Engineering Ltd has the lowest P/E at 16.4×, so level and change sit with different companies. 4 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Engineers India Ltd has the lowest comparable PEG at 0.51×, 45.7% below ISGEC Heavy Engineering Ltd. Only 4 of 8 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.

LeaderEngineers India Ltd · 0.51×
Gap45.7% versus #2 · ISGEC Heavy Engineering Ltd
Persistence0/8 recent comparable periods
Coverage4/8 companies · 29 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
1Engineers India Ltd ENGINERSIN0.5
2ISGEC Heavy Engineering Ltd ISGEC0.9
3Ircon International Ltd IRCON1.1
4EMS Ltd EMSLIMITED2.1
P/Elowest P/E
1Bondada Engineering Ltd 54397116.4
2Engineers India Ltd ENGINERSIN18.1
3Ircon International Ltd IRCON19.9
4EMS Ltd EMSLIMITED25.2
5Axtel Industries Ltd AXTEL · older report29.9
Valuation · company comparison
4/8 level · 6/8 change
All-company data · latest reported quarter
CompanyPEGP/EReported
EMS Ltd EMSLIMITED2.18.4Mar 2026
Ircon International Ltd IRCON1.118.5Mar 2026
ISGEC Heavy Engineering Ltd ISGEC0.920.0Mar 2026
Engineers India Ltd ENGINERSIN0.513.8Mar 2026
Bondada Engineering Ltd 543971—16.5Mar 2026
BGR Energy Systems Ltd BGRENERGY⚠ unverified—-0.3Jun 2026
Axtel Industries Ltd AXTEL—33.0Dec 2025
Artson Ltd ARTSON—111.9Dec 2025
Full 20-quarter history · every available company

PEG · reported quarter history

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
—
—
1.1
0.9
0.6
—
0.8
—
1.1
2.1
—
—
—

Engineers India Ltd · ENGINERSIN

—
—
—
—
0.6
—
—
—
—
—
—
—
—
—
—
0.8
0.5
—
—
—

Ircon International Ltd · IRCON

0.5
0.3
0.1
—
0.1
0.2
0.2
0.4
0.7
0.6
0.9
1.3
1.1
—
—
—
—
—
—
—

ISGEC Heavy Engineering Ltd · ISGEC

0.6
—
—
—
—
0.8
2.2
—
—
—
—
1.6
1.2
4.8
—
1.6
—
—
0.9
—

P/E · reported quarter history

Artson Ltd · ARTSON

—
688.9
621.9
—
—
—
—
—
—
—
—
106.4
154.1
145.7
118.4
185.0
180.8
111.9
—
—

Axtel Industries Ltd · AXTEL

34.4
44.5
53.9
30.7
33.8
28.5
29.8
30.5
34.6
30.1
27.1
29.5
23.6
32.2
40.4
40.8
47.4
33.0
—
—

BGR Energy Systems Ltd · BGRENERGY⚠ unverified

-2.5
—
—
—
—
—
—
—
—
—
-0.3
—
—
—
—
—
—
—
—
—

Bondada Engineering Ltd · 543971

—
—
—
—
—
—
—
—
15.8
—
76.1
—
147.7
101.2
61.1
—
37.7
25.2
16.5
—

EMS Ltd · EMSLIMITED

—
—
—
—
—
—
—
—
11.6
18.5
17.6
22.8
25.7
28.3
18.6
18.9
20.5
13.0
8.4
—

Engineers India Ltd · ENGINERSIN

26.1
40.9
62.1
23.3
17.8
17.1
17.8
18.7
19.7
20.4
21.8
31.7
29.9
28.6
21.7
23.1
19.9
21.5
13.8
—

Ircon International Ltd · IRCON

9.7
8.7
7.4
5.8
5.7
8.1
7.0
10.3
16.9
18.2
22.0
27.3
22.1
21.4
19.3
26.4
23.9
28.0
18.5
—

ISGEC Heavy Engineering Ltd · ISGEC

24.9
29.1
29.3
32.8
32.9
26.7
21.6
26.0
23.3
27.8
25.5
37.5
39.4
39.1
28.6
30.8
23.5
24.2
20.0
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Infra - Engineering - General comparison names 6 specific ways its own evidence can mislead, all listed below. 2 of the 8 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 1 draws 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.
  • 2 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 8 Infra - Engineering - General 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 2026-07-31.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · 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 standing4 cross-checked · 4 unverified · 0 withheld, of 8 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

Infra - Engineering - General company comparison FAQs

These 24 answers restate the Infra - Engineering - General comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Infra - Engineering - General sector outperforming NIFTY 500?

Infra - Engineering - General has outperformed NIFTY 500 by 0.3% over 52 weeks and 8.2% over 13 weeks. 2 of 8 covered companies beat NIFTY on Mansfield relative strength, while 3 of 8 beat the sector itself.

Which Infra - Engineering - General company is largest by revenue?

Ircon International Ltd leads with revenue of ₹9,071 crore, based on 7 of 8 comparable companies through Mar 2026.

Which Infra - Engineering - General company is growing fastest?

Artson Ltd has the fastest current revenue growth at 100%, across 7 of 8 comparable companies.

Which Infra - Engineering - General company has the strongest 4-Factor Sector Score?

Engineers India Ltd ranks first at 74.9/100 with 95.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Infra - Engineering - General company has the lowest comparable PEG?

Engineers India Ltd has the lowest comparable PEG at 0.51, among 4 of 8 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Infra - Engineering - General 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.

What is the Nifty Infra - Engineering - General index?

The Nifty Infra - Engineering - General index tracks India's listed Infra - Engineering - General companies as a single basket. This page follows the same 8 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Infra - Engineering - General sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Infra - Engineering - General stocks in India?

Ranked by this page's four-factor score, Engineers India Ltd places first among 8 listed Infra - Engineering - General companies, followed by Bondada Engineering 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 Infra - Engineering - General stocks are listed in India?

This comparison covers 8 listed Infra - Engineering - 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 Infra - Engineering - General company is the biggest?

Ircon International Ltd is the largest, with trailing-twelve-month revenue of ₹9,071 crore, ahead of ISGEC Heavy Engineering Ltd at ₹6,819 crore. That covers 7 of 8 companies with comparable reporting through Mar 2026.

Which Infra - Engineering - General company has the best profit margins?

Axtel Industries Ltd has the highest operating margin at 18.4%, from 8 of 8 comparable companies. Axtel Industries Ltd shows the biggest recent improvement, at +6.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Infra - Engineering - General company makes the most profit?

Engineers India Ltd earns the most, at ₹691 crore of trailing-twelve-month net profit, from 7 of 8 comparable companies. Axtel Industries Ltd has the fastest profit growth at 33.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Infra - Engineering - General company earns the highest return on capital?

Bondada Engineering Ltd leads on return on capital employed at 38.7%, across 8 of 8 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 Infra - Engineering - General stock is the cheapest?

On PEG — where a LOWER number is cheaper — Engineers India Ltd screens cheapest at 0.51×. Only 4 of 8 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 Infra - Engineering - General sector beating the market?

Infra - Engineering - General has outperformed NIFTY 500 by 0.3% over the last 52 weeks and 8.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Infra - Engineering - General stock has the strongest price momentum?

Engineers 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 Infra - Engineering - General company scores highest for research priority?

Engineers India Ltd scores 74.9 out of 100 with 95.6% evidence confidence, from 23.2 points on growth and earnings, 21.1 on capital efficiency, 17.6 on valuation and 13 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 Infra - Engineering - General companies does this comparison cover, and over what period?

It compares 8 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 Infra - Engineering - General sector?

The 8 Infra - Engineering - General companies on this page carry ₹39,386 crore of combined market value. Engineers India Ltd is the largest at ₹12,499 crore, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Infra - Engineering - General sector's P/E ratio?

The median price-to-earnings ratio across the 8 Infra - Engineering - General companies on this page is 25.2×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Infra - Engineering - General sector performing?

2 of the 8 covered Infra - Engineering - General companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 0.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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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