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

Infra - Power - Generation/Distribution Stocks in India

Infra - Power - Generation/Distribution: Kalpataru Projects International Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Infra - Power - Generation/Distribution Index — Constituents & Performance

The Infra - Power - Generation/Distribution companies below are the listed Indian Infra - Power - Generation/Distribution universe this page tracks — the same constituent set people search for as the Nifty Infra - Power - Generation/Distribution 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 - Power - Generation/Distribution 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 29% behind NIFTY 500. Earnings across its companies fell 5% on average over the last four reported quarters.

ASLEEP · 1y −39.9%Price down, no fundamental support0 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 1/3 >200d (+0) · 0/3 lead (−1) · EPS 1/3↑

200500100020262025202420232022 553333 TRAILING 12-MONTH EPS · 100 AT THE START-100074Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share fell 100.0% · 1 reportingDec 2023 · trailing 12-month earnings per share fell 100.0% · 1 reportingMar 2024 · trailing 12-month earnings per share fell 100.0% · 1 reportingJun 2024 · trailing 12-month earnings per share grew 73.6% · 1 reportingSep 2024 · trailing 12-month earnings per share grew 7.2% · 1 reportingDec 2024 · trailing 12-month earnings per share grew 3.4% · 1 reportingMar 2025 · trailing 12-month earnings per share grew 11.5% · 1 reportingJun 2025 · trailing 12-month earnings per share fell 24.5% · 1 reportingSep 2025 · trailing 12-month earnings per share fell 6.5% · 1 reportingDec 2025 · trailing 12-month earnings per share grew 52.7% · 1 reportingMar 2026 · trailing 12-month earnings per share fell 43.1% · 1 reportingNot reported yet — earnings trail price by a quarter or two-43 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 553333 TRAILING 12-MONTH EPS · 100 AT THE START-100074Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share fell 100.0% · 1 reportingDec 2023 · trailing 12-month earnings per share fell 100.0% · 1 reportingMar 2024 · trailing 12-month earnings per share fell 100.0% · 1 reportingJun 2024 · trailing 12-month earnings per share grew 73.6% · 1 reportingSep 2024 · trailing 12-month earnings per share grew 7.2% · 1 reportingDec 2024 · trailing 12-month earnings per share grew 3.4% · 1 reportingMar 2025 · trailing 12-month earnings per share grew 11.5% · 1 reportingJun 2025 · trailing 12-month earnings per share fell 24.5% · 1 reportingSep 2025 · trailing 12-month earnings per share fell 6.5% · 1 reportingDec 2025 · trailing 12-month earnings per share grew 52.7% · 1 reportingMar 2026 · trailing 12-month earnings per share fell 43.1% · 1 reportingNot reported yet — earnings trail price by a quarter or two-43No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Infra - Power - Generation/Distribution, 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 3 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 - Power - Generation/Distribution outperforming NIFTY 500?

Infra - Power - Generation/Distribution has underperformed NIFTY 500 by 39.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 10%. 1 of 3 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Kalpataru Projects International Ltd is the strongest against the sector itself at +32.4%.

-10.0%Sector vs NIFTY 500 · 13 weeks
-39.4%Sector vs NIFTY 500 · 52 weeks
1/3Stocks leading NIFTY 500
2/3Stocks leading sector

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

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Infra - Power - Generation/Distribution has underperformed NIFTY 500 by 39.4% over 52 weeks and 10% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself. Kalpataru Projects International Ltd leads with revenue of ₹27,143 crore, based on 3 of 3 comparable companies through Mar 2026.

Companies
3
complete canonical membership
Combined market value
₹32.2K Cr
Kalpataru Projects International Ltd
Revenue growing
2/3
positive TTM year-on-year growth
Beating NIFTY 500
1/3
positive Mansfield relative strength
Comparing 3 of 3
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%
Kalpataru Projects International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 79.3% evidence confidence.
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
1Kalpataru Projects International LtdKPIL 67.5/100Favorable setup79% evidence FADING 27.7/35 Revenue 21.6% · PAT 81.5% · OPM change 0 pp 95% evidence 15.9/25 ROCE 18.3% · OPM 8% 76% evidence 10.1/20 P/E 22.5× · PEG — 35% evidence 13.8/20 RS sector 32.4% · RS bench 3.5% · 1Y 11.9%9 of 12 weeks ahead 100% evidence
Exact sum: 27.7 + 15.9 + 10.1 + 13.8 = 67.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2GMR Power & Urban Infra LtdGMRP&UI 41.9/100Mixed-negative evidence80% evidence ASLEEP 12.5/35 Revenue 15.6% · PAT -60.5% · OPM change 6 pp 100% evidence 10.4/25 ROCE 12% · OPM 23% 100% evidence 10.0/20 P/E 12.4× · PEG — 0% evidence 9.0/20 RS sector 14.9% · RS bench -10.9% · 1Y -11.8%1 of 12 weeks ahead 100% evidence
Exact sum: 12.5 + 10.4 + 10 + 9 = 41.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Reliance Infrastructure LtdRELINFRA 19.3/100Adverse evidence74% evidence ASLEEP 0.0/35 Revenue -13.4% · PAT -47.3% · OPM change -18.3 pp 100% evidence 6.3/25 ROCE 15.4% · OPM -18% 100% evidence 10.0/20 P/E 1.1× · PEG — 0% evidence 3.0/20 RS sector -28.1% · RS bench -59.4% · 1Y -82.4%0 of 10 weeks ahead 70% evidence
Exact sum: 0 + 6.3 + 10 + 3 = 19.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Kalpataru Projects International Ltd has the strongest one-year price move in Infra - Power - Generation/Distribution at +11.9%. It also leads on Mansfield relative strength against NIFTY at +3.5%. 1 of 3 covered companies is 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

Kalpataru Projects International Ltd has the highest Revenue among the 3 Infra - Power - Generation/Distribution companies compared here, at ₹27,143 crore. Reliance Infrastructure Ltd is next at ₹20,441 crore. The same company also holds the highest Revenue growth, at 21.6%. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kalpataru Projects International Ltd is the scale leader at ₹27,143 crore, 32.8% ahead of Reliance Infrastructure Ltd. Kalpataru Projects International Ltd's growth is 21.6% from a ₹27,143 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderKalpataru Projects International Ltd · ₹27,143 crore
Gap32.8% versus #2 · Reliance Infrastructure Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 54 observations

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

This conclusion weakens if: Kalpataru Projects International Ltd's growth falls below Kalpataru Projects International 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
2Reliance Infrastructure Ltd RELINFRA₹20.4K Cr
3GMR Power & Urban Infra Ltd GMRP&UI₹7.3K Cr
Revenue growthfastest growers
Revenue · company comparison
3/3 level · 3/3 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
Kalpataru Projects International Ltd KPIL₹7.8K Cr10%Mar 2026
Reliance Infrastructure Ltd RELINFRA₹4.0K Cr-2.6%Mar 2026
GMR Power & Urban Infra Ltd GMRP&UI₹2.0K Cr15%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

₹876 Cr
₹1.1K Cr
₹964 Cr
₹1.2K Cr
₹1.1K Cr
₹1.6K Cr
₹1.4K Cr
₹1.4K Cr
₹1.1K Cr
₹627 Cr
₹1.1K Cr
₹1.6K Cr
₹1.6K Cr
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹1.6K Cr
₹1.8K Cr
₹1.9K Cr
₹2.0K Cr

Kalpataru Projects International Ltd · KPIL

₹4.0K Cr
₹4.9K Cr
₹4.2K Cr
₹4.5K Cr
₹4.9K Cr
₹6.0K Cr
₹4.6K Cr
₹4.9K Cr
₹5.7K Cr
₹7.1K Cr
₹6.2K Cr
₹6.5K Cr
₹6.7K Cr
₹7.8K Cr

Reliance Infrastructure Ltd · RELINFRA

₹4.3K Cr
₹5.7K Cr
₹4.2K Cr
₹4.2K Cr
₹6.2K Cr
₹6.2K Cr
₹4.1K Cr
₹4.2K Cr
₹5.6K Cr
₹7.2K Cr
₹4.6K Cr
₹4.7K Cr
₹7.2K Cr
₹7.3K Cr
₹5.0K Cr
₹4.1K Cr
₹5.9K Cr
₹6.2K Cr
₹4.3K Cr
₹4.0K Cr

Revenue growth · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

22%
50%
50%
18%
5.1%
-60%
-24%
15%
43%
121%
46%
6.3%
2.2%
31%
16%
15%

Kalpataru Projects International Ltd · KPIL

22%
22%
8.2%
9.1%
17%
18%
35%
32%
16%
10%

Reliance Infrastructure Ltd · RELINFRA

42%
9.0%
-2.2%
0.6%
-9.8%
15%
13%
12%
29%
1.5%
8.5%
-12%
-18%
-14%
-15%
-2.6%
07 · compare level, then change

Operating Economics & Margin Trend

GMR Power & Urban Infra Ltd has the highest OPM among the 3 Infra - Power - Generation/Distribution companies compared here, at 23%. Kalpataru Projects International Ltd is next at 8%. The same company also holds the highest Margin change, at +6 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: GMR Power & Urban Infra Ltd leads both opm at 23% and margin change at +6 percentage points.

LeaderGMR Power & Urban Infra Ltd · 23%
Gap187.5% versus #2 · Kalpataru Projects International Ltd
Persistence4/8 recent comparable periods
Coverage3/3 companies · 60 observations

Investor read: GMR Power & Urban Infra 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.
Margin changefastest expanders
3Reliance Infrastructure Ltd RELINFRA−18.3 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
GMR Power & Urban Infra Ltd GMRP&UI23%+6.0 ppMar 2026
Kalpataru Projects International Ltd KPIL8.0%0.0 ppMar 2026
Reliance Infrastructure Ltd RELINFRA-18%−18.3 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

9.6%
16%
12%
6.8%
14%
3.6%
5.0%
-6.0%
17%
17%
20%
22%
32%
30%
17%
17%
24%
19%
20%
23%

Kalpataru Projects International Ltd · KPIL

9.3%
7.2%
8.1%
7.3%
8.6%
9.2%
9.0%
7.0%
9.0%
8.0%
9.0%
8.0%
8.0%
9.0%
8.0%
8.0%
9.0%
9.0%
8.0%
8.0%

Reliance Infrastructure Ltd · RELINFRA

-1.0%
9.6%
4.9%
2.6%
5.4%
12%
7.0%
-3.9%
2.4%
9.0%
11%
7.0%
9.0%
8.0%
12%
0.3%
4.1%
17%
10%
-18%

Margin change · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

+14.7 pp
+4.0 pp
−12.1 pp
−7.2 pp
−12.8 pp
+3.4 pp
+13.4 pp
+15.0 pp
+28.0 pp
+15.0 pp
+13.0 pp
−3.0 pp
−5.0 pp
−8.0 pp
−11.0 pp
+3.0 pp
+6.0 pp

Kalpataru Projects International Ltd · KPIL

−2.3 pp
−5.4 pp
−2.8 pp
−3.6 pp
−0.7 pp
+2.0 pp
+0.9 pp
−0.3 pp
+0.4 pp
−1.2 pp
0.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp

Reliance Infrastructure Ltd · RELINFRA

+5.3 pp
−0.4 pp
+5.4 pp
+3.5 pp
+6.4 pp
+2.7 pp
+2.1 pp
−6.5 pp
−3.0 pp
−3.3 pp
+4.0 pp
+10.9 pp
+6.6 pp
−1.0 pp
+1.0 pp
−6.7 pp
−4.9 pp
+9.0 pp
−2.0 pp
−18.3 pp
08 · compare level, then change

Profit Scale & Acceleration

Reliance Infrastructure Ltd has the highest Net profit among the 3 Infra - Power - Generation/Distribution companies compared here, at ₹4,837 crore. Kalpataru Projects International Ltd is next at ₹1,031 crore. Kalpataru Projects International Ltd has the highest Profit growth at 81.5%, so level and change sit with different companies.

What the numbers say: Reliance Infrastructure Ltd leads with ₹4,837 crore of TTM profit, 369.2% above Kalpataru Projects International Ltd. Kalpataru Projects International Ltd shows 81.5% growth from a ₹1,031 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderReliance Infrastructure Ltd · ₹4,837 crore
Gap369.2% versus #2 · Kalpataru Projects International Ltd
Persistence0/4 recent comparable periods
Coverage3/3 companies · 54 observations

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

This conclusion weakens if: The next two comparable reports reverse the current 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
1Reliance Infrastructure Ltd RELINFRA₹4.8K Cr
3GMR Power & Urban Infra Ltd GMRP&UI₹614 Cr
Profit growthfastest growers
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Reliance Infrastructure Ltd RELINFRA₹1.6K Cr-80%Mar 2026
Kalpataru Projects International Ltd KPIL₹431 Cr98%Mar 2026
GMR Power & Urban Infra Ltd GMRP&UI₹-114 Cr-333%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

₹-138 Cr
₹332 Cr
₹-574 Cr
₹-272 Cr
₹202 Cr
₹1.1K Cr
₹339 Cr
₹-471 Cr
₹-218 Cr
₹-123 Cr
₹43 Cr
₹170 Cr
₹1.4K Cr
₹250 Cr
₹-108 Cr
₹49 Cr
₹-7 Cr
₹895 Cr
₹-160 Cr
₹-114 Cr

Kalpataru Projects International Ltd · KPIL

₹109 Cr
₹140 Cr
₹113 Cr
₹90 Cr
₹144 Cr
₹169 Cr
₹84 Cr
₹126 Cr
₹140 Cr
₹218 Cr
₹214 Cr
₹237 Cr
₹149 Cr
₹431 Cr

Reliance Infrastructure Ltd · RELINFRA

₹-85 Cr
₹-248 Cr
₹91 Cr
₹-626 Cr
₹92 Cr
₹-25 Cr
₹-127 Cr
₹-2.5K Cr
₹-567 Cr
₹-182 Cr
₹-301 Cr
₹-98 Cr
₹-93 Cr
₹4.2K Cr
₹-3.2K Cr
₹8.3K Cr
₹305 Cr
₹2.6K Cr
₹317 Cr
₹1.6K Cr

Profit growth · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

222%
-208%
-112%
-87%
-351%
-71%
-101%
258%
-333%

Kalpataru Projects International Ltd · KPIL

32%
21%
-26%
40%
-2.8%
29%
155%
88%
6.4%
98%

Reliance Infrastructure Ltd · RELINFRA

-240%
-716%
-39%
-80%
09 · compare level, then change

Return On Capital Employed

Kalpataru Projects International Ltd has the highest ROCE among the 3 Infra - Power - Generation/Distribution companies compared here, at 18.3%. Reliance Infrastructure Ltd is next at 15.4%. The same company also holds the highest ROCE change, at +2 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kalpataru Projects International Ltd leads ROCE at 18.3%, 2.9 percentage points above Reliance Infrastructure Ltd. Kalpataru Projects International Ltd has the strongest latest improvement at +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.

LeaderKalpataru Projects International Ltd · 18.3%
Gap18.8% versus #2 · Reliance Infrastructure Ltd
PersistenceNot enough history
Coverage3/3 companies · 30 observations

Investor read: Kalpataru Projects International 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.
ROCE changefastest improvers
2GMR Power & Urban Infra Ltd GMRP&UI−3.3 pp
3Reliance Infrastructure Ltd RELINFRA−8.9 pp
Return on capital · company comparison
3/3 level · 3/3 change

Withheld from this chart: Kalpataru Projects International Ltd (KPIL) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
GMR Power & Urban Infra Ltd GMRP&UI7.4%−3.3 ppMar 2026
Reliance Infrastructure Ltd RELINFRA3.0%−8.9 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

3.6%
7.5%
8.2%
7.9%
13%
14%
8.2%
45%
11%
48%
11%
17%
8.1%
22%
7.4%

Reliance Infrastructure Ltd · RELINFRA

19%
6.2%
6.3%
6.7%
6.8%
-2.9%
9.1%
8.0%
16%
8.5%
12%
36%
6.2%
41%
3.0%

ROCE change · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

+4.6 pp
+0.4 pp
+4.3 pp
+0.3 pp
−1.3 pp
+34.3 pp
+2.5 pp
−27.6 pp
−3.1 pp
−26.5 pp
−3.3 pp

Reliance Infrastructure Ltd · RELINFRA

−12.2 pp
+0.5 pp
+0.5 pp
+2.4 pp
+8.7 pp
+11.4 pp
+2.8 pp
+27.8 pp
−9.3 pp
+32.1 pp
−8.9 pp
10 · compare level, then change

Valuation Against Growth & Quality

No company in this Infra - Power - Generation/Distribution comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Reliance Infrastructure Ltd is lowest at 1.06×, across 3 of 3 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/3 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
Not enough comparable data
Valuation · company comparison
0/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Kalpataru Projects International Ltd KPIL21.6Mar 2026
GMR Power & Urban Infra Ltd GMRP&UI9.9Mar 2026
Reliance Infrastructure Ltd RELINFRA0.6Mar 2026
Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

GMR Power & Urban Infra Ltd · GMRP&UI

-3.8
3.1
1.0
5.4
35.4
39.9
-4.6
-25.1
3.8
6.8
5.8
9.9

Kalpataru Projects International Ltd · KPIL

12.1
10.9
11.2
12.2
13.7
15.4
20.6
19.8
22.3
22.9
26.1
38.4
37.4
47.0
40.8
30.6
36.5
29.7
24.9
21.6

Reliance Infrastructure Ltd · RELINFRA

2.0
2.1
2.0
2.7
2.7
4.2
2.1
3.9
2.2
1.4
0.6
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Infra - Power - Generation/Distribution comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.

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 is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Infra - Power - Generation/Distribution companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31.

FundamentalsThrough Mar 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 standing2 cross-checked · 0 unverified · 1 withheld, of 3 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 - Power - Generation/Distribution company comparison FAQs

These 21 answers restate the Infra - Power - Generation/Distribution comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 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 - Power - Generation/Distribution sector outperforming NIFTY 500?

Infra - Power - Generation/Distribution has underperformed NIFTY 500 by 39.4% over 52 weeks and 10% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself.

Which Infra - Power - Generation/Distribution company is largest by revenue?

Kalpataru Projects International Ltd leads with revenue of ₹27,143 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Infra - Power - Generation/Distribution company is growing fastest?

Kalpataru Projects International Ltd has the fastest current revenue growth at 21.6%, across 3 of 3 comparable companies.

Which Infra - Power - Generation/Distribution company has the strongest 4-Factor Sector Score?

Kalpataru Projects International Ltd ranks first at 67.5/100 with 79.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Infra - Power - Generation/Distribution comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 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 - Power - Generation/Distribution index?

The Nifty Infra - Power - Generation/Distribution index tracks India's listed Infra - Power - Generation/Distribution companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Infra - Power - Generation/Distribution sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Infra - Power - Generation/Distribution stocks in India?

Ranked by this page's four-factor score, Kalpataru Projects International Ltd places first among 3 listed Infra - Power - Generation/Distribution companies, followed by GMR Power & Urban Infra Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Infra - Power - Generation/Distribution stocks are listed in India?

This comparison covers 3 listed Infra - Power - Generation/Distribution 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 Mar 2026.

Which Infra - Power - Generation/Distribution company is the biggest?

Kalpataru Projects International Ltd is the largest, with trailing-twelve-month revenue of ₹27,143 crore, ahead of Reliance Infrastructure Ltd at ₹20,441 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Infra - Power - Generation/Distribution company has the best profit margins?

GMR Power & Urban Infra Ltd has the highest operating margin at 23%, from 3 of 3 comparable companies. GMR Power & Urban Infra Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Infra - Power - Generation/Distribution company makes the most profit?

Reliance Infrastructure Ltd earns the most, at ₹4,837 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Kalpataru Projects International Ltd has the fastest profit growth at 81.5%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Infra - Power - Generation/Distribution company earns the highest return on capital?

Kalpataru Projects International Ltd leads on return on capital employed at 18.3%, across 3 of 3 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.

Is the Infra - Power - Generation/Distribution sector beating the market?

Infra - Power - Generation/Distribution has underperformed NIFTY 500 by 39.4% over the last 52 weeks and 10% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Infra - Power - Generation/Distribution stock has the strongest price momentum?

Kalpataru Projects International 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 - Power - Generation/Distribution company scores highest for research priority?

Kalpataru Projects International Ltd scores 67.5 out of 100 with 79.3% evidence confidence, from 27.7 points on growth and earnings, 15.9 on capital efficiency, 10.1 on valuation and 13.8 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 - Power - Generation/Distribution companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Mar 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 - Power - Generation/Distribution sector?

The 3 Infra - Power - Generation/Distribution companies on this page carry ₹32,221 crore of combined market value. Kalpataru Projects International Ltd is the largest at ₹22,023 crore, about 68% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Infra - Power - Generation/Distribution sector performing?

1 of the 3 covered Infra - Power - Generation/Distribution companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 39.4% behind 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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