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

Realty - Commercial Stocks in India

Realty - Commercial: Phoenix Mills Ltd owns the largest revenue base; NESCO Ltd has the fastest current growth.

01 · the index people search for

Nifty Realty - Commercial Index — Constituents & Performance

The Realty - Commercial companies below are the listed Indian Realty - Commercial universe this page tracks — the same constituent set people search for as the Nifty Realty - Commercial 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 Realty - Commercial 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 27% ahead of NIFTY 500. Earnings across its companies grew 14% on average over the last four reported quarters.

ASLEEP · 1y +4.5%Price and the fundamentals both up2 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 2/3 >200d (+0) · 2/3 lead (+0) · EPS 3/3↑

20050020262025202420232022 574333 TRAILING 12-MONTH EPS · 100 AT THE START0100132Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 95.5% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 40.5% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 119, against 100 at the start · up 30.1% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 6.2% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 14.4% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 123, against 100 at the start · up 5.8% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 3.4% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 126, against 100 at the start · up 10.3% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 10.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 4.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 132, against 100 at the start · up 24.3% on a year ago · 3 reportingJun 2026 · too few reporting — 2 of the Realty - Commercial filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two132 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 574333 TRAILING 12-MONTH EPS · 100 AT THE START0100132Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 95.5% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 40.5% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 119, against 100 at the start · up 30.1% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 6.2% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 14.4% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 123, against 100 at the start · up 5.8% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 3.4% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 126, against 100 at the start · up 10.3% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 10.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 4.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 132, against 100 at the start · up 24.3% on a year ago · 3 reportingJun 2026 · too few reporting — 2 of the Realty - Commercial filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two132No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Realty - Commercial, 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 Realty - Commercial outperforming NIFTY 500?

Realty - Commercial has outperformed NIFTY 500 by 4.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.8%. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Nirlon Ltd is the strongest against the sector itself at +10.3%. Readings are as of 2026-07-19.

-0.8%Sector vs NIFTY 500 · 13 weeks
+4.3%Sector vs NIFTY 500 · 52 weeks
2/3Stocks leading NIFTY 500
2/3Stocks leading sector

Sector metric: 14.1 as of 2026-07-19 · CONSOLIDATION · falling.

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

Realty - Commercial has outperformed NIFTY 500 by 4.3% over 52 weeks and 0.8% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself. Phoenix Mills Ltd leads with revenue of ₹4,544 crore, based on 3 of 3 comparable companies through Jun 2026.

Companies
3
complete canonical membership
Combined market value
₹80.8K Cr
Phoenix Mills Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
2/3
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%
Nirlon Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% 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
1Nirlon LtdNIRLON 81.1/100Sector-leading setup93% evidence LEADER 20.0/35 Revenue 5.2% · PAT 58.7% · OPM change -1 pp 88% evidence 23.0/25 ROCE 30.8% · OPM 77% 100% evidence 18.1/20 P/E 16.2× · PEG 0.43 85% evidence 20.0/20 RS sector 10.3% · RS bench 12.9% · 1Y 19%12 of 12 weeks ahead 100% evidence
Exact sum: 20 + 23 + 18.1 + 20 = 81.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Phoenix Mills LtdPHOENIXLTD 69.0/100Favorable setup79% evidence LEADER 26.5/35 Revenue 17.7% · PAT 24% · OPM change 1 pp 95% evidence 14.5/25 ROCE 12.8% · OPM 60% 76% evidence 8.0/20 P/E 52.2× · PEG — 35% evidence 20.0/20 RS sector 5.2% · RS bench 7.9% · 1Y 24.1%9 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 14.5 + 8 + 20 = 69 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3NESCO LtdNESCO 43.1/100Mixed-negative evidence79% evidence ASLEEP 12.6/35 Revenue 21.3% · PAT 3.7% · OPM change -9 pp 95% evidence 19.1/25 ROCE 18.5% · OPM 48% 76% evidence 11.4/20 P/E 18× · PEG — 35% evidence 0.0/20 RS sector -16.4% · RS bench -14.1% · 1Y -13.9%2 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 19.1 + 11.4 + 0 = 43.1 · 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

Phoenix Mills Ltd has the strongest one-year price move in Realty - Commercial at +24.1%. Nirlon Ltd leads on Mansfield relative strength against NIFTY at +12.9%. 2 of 3 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

Phoenix Mills Ltd has the highest Revenue among the 3 Realty - Commercial companies compared here, at ₹4,544 crore. NESCO Ltd is next at ₹951 crore. NESCO Ltd has the highest Revenue growth at 21.3%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Phoenix Mills Ltd is the scale leader at ₹4,544 crore, 377.8% ahead of NESCO Ltd. NESCO Ltd's growth is 21.3% from a ₹951 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPhoenix Mills Ltd · ₹4,544 crore
Gap377.8% versus #2 · NESCO Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 49 observations

Investor read: Phoenix Mills Ltd is the scale benchmark; NESCO Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Phoenix Mills Ltd's growth falls below NESCO 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
1Phoenix Mills Ltd PHOENIXLTD₹4.5K Cr
2NESCO Ltd NESCO₹951 Cr
3Nirlon Ltd NIRLON₹669 Cr
Revenue growthfastest growers
1NESCO Ltd NESCO21%
2Phoenix Mills Ltd PHOENIXLTD18%
3Nirlon Ltd NIRLON5.2%
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
Phoenix Mills Ltd PHOENIXLTD₹1.1K Cr13%Jun 2026
NESCO Ltd NESCO₹212 Cr9.8%Jun 2026
Nirlon Ltd NIRLON₹171 Cr8.2%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

NESCO Ltd · NESCO

₹143 Cr
₹157 Cr
₹137 Cr
₹175 Cr
₹178 Cr
₹189 Cr
₹141 Cr
₹192 Cr
₹207 Cr
₹192 Cr
₹193 Cr
₹239 Cr
₹248 Cr
₹252 Cr
₹212 Cr

Nirlon Ltd · NIRLON

₹80 Cr
₹93 Cr
₹138 Cr
₹139 Cr
₹144 Cr
₹144 Cr
₹148 Cr
₹148 Cr
₹149 Cr
₹152 Cr
₹153 Cr
₹157 Cr
₹160 Cr
₹161 Cr
₹158 Cr
₹163 Cr
₹165 Cr
₹170 Cr
₹171 Cr

Phoenix Mills Ltd · PHOENIXLTD

₹684 Cr
₹729 Cr
₹811 Cr
₹875 Cr
₹986 Cr
₹1.3K Cr
₹904 Cr
₹918 Cr
₹975 Cr
₹1.0K Cr
₹953 Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr

Revenue growth · reported quarter history

NESCO Ltd · NESCO

24%
20%
2.9%
9.7%
16%
1.6%
37%
24%
20%
31%
9.8%

Nirlon Ltd · NIRLON

83%
80%
55%
7.3%
6.5%
3.5%
5.6%
3.4%
6.1%
7.4%
5.9%
3.3%
3.8%
3.1%
5.6%
8.2%

Phoenix Mills Ltd · PHOENIXLTD

44%
79%
11%
4.9%
-1.1%
-22%
5.4%
21%
15%
21%
13%
07 · compare level, then change

Operating Economics & Margin Trend

Nirlon Ltd has the highest OPM among the 3 Realty - Commercial companies compared here, at 77%. Phoenix Mills Ltd is next at 60%. Phoenix Mills Ltd has the highest Margin change at +1 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Nirlon Ltd leads opm at 77%; Phoenix Mills Ltd leads margin change at +1 percentage points.

LeaderNirlon Ltd · 77%
Gap28.3% versus #2 · Phoenix Mills Ltd
Persistence2/8 recent comparable periods
Coverage3/3 companies · 59 observations

Investor read: Nirlon 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
1Nirlon Ltd NIRLON77%
2Phoenix Mills Ltd PHOENIXLTD60%
3NESCO Ltd NESCO48%
Margin changefastest expanders
1Phoenix Mills Ltd PHOENIXLTD+1.0 pp
2Nirlon Ltd NIRLON−1.0 pp
3NESCO Ltd NESCO−9.0 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Nirlon Ltd NIRLON77%−1.0 ppMar 2026
Phoenix Mills Ltd PHOENIXLTD60%+1.0 ppJun 2026
NESCO Ltd NESCO48%−9.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

NESCO Ltd · NESCO

62%
65%
69%
65%
71%
57%
63%
63%
62%
64%
62%
61%
62%
61%
56%
57%
57%
51%
47%
48%

Nirlon Ltd · NIRLON

75%
80%
82%
77%
82%
82%
79%
78%
80%
79%
79%
77%
80%
81%
78%
78%
78%
78%
77%

Phoenix Mills Ltd · PHOENIXLTD

51%
54%
49%
56%
59%
56%
59%
61%
58%
56%
48%
59%
56%
57%
55%
59%
60%
59%
61%
60%

Margin change · reported quarter history

NESCO Ltd · NESCO

+6.8 pp
+1.2 pp
+5.3 pp
+1.6 pp
+8.5 pp
−8.3 pp
−5.6 pp
−1.5 pp
−8.7 pp
+7.0 pp
−1.0 pp
−2.0 pp
0.0 pp
−3.0 pp
−6.0 pp
−4.0 pp
−5.0 pp
−10.0 pp
−9.0 pp
−9.0 pp

Nirlon Ltd · NIRLON

−1.1 pp
+3.8 pp
+11.2 pp
+9.6 pp
+6.6 pp
+1.9 pp
−3.3 pp
+0.7 pp
−1.7 pp
−3.0 pp
0.0 pp
−1.0 pp
0.0 pp
+2.0 pp
−1.0 pp
+1.0 pp
−2.0 pp
−3.0 pp
−1.0 pp

Phoenix Mills Ltd · PHOENIXLTD

+8.6 pp
+5.8 pp
+3.7 pp
+19.0 pp
+7.3 pp
+1.8 pp
+10.3 pp
+4.8 pp
−0.5 pp
0.0 pp
−11.0 pp
−2.0 pp
−2.0 pp
+1.0 pp
+7.0 pp
0.0 pp
+4.0 pp
+2.0 pp
+6.0 pp
+1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Phoenix Mills Ltd has the highest Net profit among the 3 Realty - Commercial companies compared here, at ₹1,629 crore. NESCO Ltd is next at ₹417 crore. Nirlon Ltd has the highest Profit growth at 58.7%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Phoenix Mills Ltd leads with ₹1,629 crore of TTM profit, 290.6% above NESCO Ltd. Nirlon Ltd shows 58.7% growth from a ₹346 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPhoenix Mills Ltd · ₹1,629 crore
Gap290.6% versus #2 · NESCO Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 49 observations

Investor read: Phoenix Mills 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
1Phoenix Mills Ltd PHOENIXLTD₹1.6K Cr
2NESCO Ltd NESCO₹417 Cr
3Nirlon Ltd NIRLON₹346 Cr
Profit growthfastest growers
1Nirlon Ltd NIRLON59%
2Phoenix Mills Ltd PHOENIXLTD24%
3NESCO Ltd NESCO3.7%
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Phoenix Mills Ltd PHOENIXLTD₹394 Cr23%Jun 2026
NESCO Ltd NESCO₹100 Cr4.2%Jun 2026
Nirlon Ltd NIRLON₹71 Cr31%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

NESCO Ltd · NESCO

₹70 Cr
₹85 Cr
₹76 Cr
₹88 Cr
₹94 Cr
₹105 Cr
₹70 Cr
₹107 Cr
₹110 Cr
₹89 Cr
₹96 Cr
₹119 Cr
₹105 Cr
₹93 Cr
₹100 Cr

Nirlon Ltd · NIRLON

₹34 Cr
₹13 Cr
₹37 Cr
₹14 Cr
₹40 Cr
₹54 Cr
₹50 Cr
₹50 Cr
₹52 Cr
₹52 Cr
₹51 Cr
₹50 Cr
₹56 Cr
₹58 Cr
₹54 Cr
₹58 Cr
₹148 Cr
₹69 Cr
₹71 Cr

Phoenix Mills Ltd · PHOENIXLTD

₹211 Cr
₹292 Cr
₹291 Cr
₹305 Cr
₹345 Cr
₹392 Cr
₹315 Cr
₹292 Cr
₹353 Cr
₹348 Cr
₹321 Cr
₹384 Cr
₹366 Cr
₹485 Cr
₹394 Cr

Profit growth · reported quarter history

NESCO Ltd · NESCO

34%
24%
-7.9%
22%
17%
-15%
37%
11%
-4.6%
4.5%
4.2%

Nirlon Ltd · NIRLON

-48%
18%
315%
35%
257%
30%
-3.7%
2.0%
0.0%
7.7%
12%
5.9%
16%
164%
19%
31%

Phoenix Mills Ltd · PHOENIXLTD

64%
34%
8.3%
-4.3%
2.3%
-11%
1.9%
32%
3.7%
39%
23%
09 · compare level, then change

Return On Capital Employed

Nirlon Ltd has the highest ROCE among the 3 Realty - Commercial companies compared here, at 30.8%. NESCO Ltd is next at 18.5%. Phoenix Mills Ltd has the highest ROCE change at +2 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Nirlon Ltd leads ROCE at 30.8%, 12.3 percentage points above NESCO Ltd. Phoenix Mills 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.

LeaderNirlon Ltd · 30.8%
Gap66.5% versus #2 · NESCO Ltd
PersistenceNot enough history
Coverage3/3 companies · 0 observations

Investor read: Nirlon 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
1Nirlon Ltd NIRLON31%
2NESCO Ltd NESCO19%
3Phoenix Mills Ltd PHOENIXLTD13%
ROCE changefastest improvers
1Phoenix Mills Ltd PHOENIXLTD+2.0 pp
2Nirlon Ltd NIRLON+1.0 pp
3NESCO Ltd NESCO−2.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Withheld from this chart: Phoenix Mills Ltd (PHOENIXLTD) — its two data sources disagree by up to 26% on reported income across 14 comparable periods, so its derived ratios are withheld; NESCO Ltd (NESCO) — its two data sources disagree by up to 21% 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
Nirlon Ltd NIRLON31%+1.0 ppMar 2026
NESCO Ltd NESCO19%−2.0 ppJun 2026
Phoenix Mills Ltd PHOENIXLTD13%+2.0 ppJun 2026
Full 20-quarter history · every available company

No consistent historical series is available for roce.

No consistent historical series is available for roce change.

10 · compare level, then change

Valuation Against Growth & Quality

Nirlon Ltd has the lowest PEG among the 3 Realty - Commercial companies compared here, at 0.43×. The same company also holds the lowest P/E, at 16.2×. 1 of 3 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 7 reported observations across the 20-quarter window.

What the numbers say: Nirlon Ltd has the lowest comparable PEG at 0.43×. Only 1 of 3 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.

LeaderNirlon Ltd · 0.43×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 7 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
1Nirlon Ltd NIRLON0.4
P/Elowest P/E
1Nirlon Ltd NIRLON16.2
2NESCO Ltd NESCO18.0
3Phoenix Mills Ltd PHOENIXLTD52.2
Valuation · company comparison
1/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Nirlon Ltd NIRLON0.413.7Mar 2026
Phoenix Mills Ltd PHOENIXLTD54.9Jun 2026
NESCO Ltd NESCO19.7Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Nirlon Ltd · NIRLON

0.6
0.5
0.6
2.9
3.4
1.1
0.4

P/E · reported quarter history

NESCO Ltd · NESCO

26.3
23.5
21.2
20.1
19.9
18.0
14.1
15.3
15.5
19.5
17.1
17.9
18.7
18.8
21.0
25.7
24.8
22.1
18.5
19.7

Nirlon Ltd · NIRLON

23.2
30.9
33.9
29.7
33.2
26.6
23.3
22.8
18.9
18.1
18.8
18.8
18.3
19.4
22.0
22.1
21.4
20.8
13.7

Phoenix Mills Ltd · PHOENIXLTD

193.6
102.2
91.1
83.7
52.3
42.1
34.3
35.3
39.5
45.2
50.2
58.3
60.9
57.4
56.9
57.5
56.0
61.8
48.6
54.9
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Realty - Commercial 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. 2 have 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.
  • 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 3 Realty - Commercial 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. 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 2026-07-31 · 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 standing1 cross-checked · 0 unverified · 2 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

Realty - Commercial company comparison FAQs

These 23 answers restate the Realty - Commercial 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 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 Realty - Commercial sector outperforming NIFTY 500?

Realty - Commercial has outperformed NIFTY 500 by 4.3% over 52 weeks and 0.8% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself.

Which Realty - Commercial company is largest by revenue?

Phoenix Mills Ltd leads with revenue of ₹4,544 crore, based on 3 of 3 comparable companies through Jun 2026.

Which Realty - Commercial company is growing fastest?

NESCO Ltd has the fastest current revenue growth at 21.3%, across 3 of 3 comparable companies.

Which Realty - Commercial company has the strongest 4-Factor Sector Score?

Nirlon Ltd ranks first at 81.1/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Realty - Commercial company has the lowest comparable PEG?

Nirlon Ltd has the lowest comparable PEG at 0.43, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Realty - Commercial 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 Realty - Commercial index?

The Nifty Realty - Commercial index tracks India's listed Realty - Commercial 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 Realty - Commercial sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Realty - Commercial stocks in India?

Ranked by this page's four-factor score, Nirlon Ltd places first among 3 listed Realty - Commercial companies, followed by Phoenix Mills 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 Realty - Commercial stocks are listed in India?

This comparison covers 3 listed Realty - Commercial 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 Realty - Commercial company is the biggest?

Phoenix Mills Ltd is the largest, with trailing-twelve-month revenue of ₹4,544 crore, ahead of NESCO Ltd at ₹951 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.

Which Realty - Commercial company has the best profit margins?

Nirlon Ltd has the highest operating margin at 77%, from 3 of 3 comparable companies. Phoenix Mills Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Realty - Commercial company makes the most profit?

Phoenix Mills Ltd earns the most, at ₹1,629 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Nirlon Ltd has the fastest profit growth at 58.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Realty - Commercial company earns the highest return on capital?

Nirlon Ltd leads on return on capital employed at 30.8%, 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.

Which Realty - Commercial stock is the cheapest?

On PEG — where a LOWER number is cheaper — Nirlon Ltd screens cheapest at 0.43×. Only 1 of 3 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 Realty - Commercial sector beating the market?

Realty - Commercial has outperformed NIFTY 500 by 4.3% over the last 52 weeks and 0.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Realty - Commercial stock has the strongest price momentum?

Nirlon 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 Realty - Commercial company scores highest for research priority?

Nirlon Ltd scores 81.1 out of 100 with 92.6% evidence confidence, from 20 points on growth and earnings, 23 on capital efficiency, 18.1 on valuation and 20 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 Realty - Commercial companies does this comparison cover, and over what period?

It compares 3 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 Realty - Commercial sector?

The 3 Realty - Commercial companies on this page carry ₹80,811 crore of combined market value. Phoenix Mills Ltd is the largest at ₹67,716 crore, about 84% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Realty - Commercial sector performing?

2 of the 3 covered Realty - Commercial companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 4.3% 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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