Real Estate Construction Stocks and Companies in India

The largest Real Estate Construction stocks in India by market value are SignatureGlobal India (₹9,948 crore), Raymond (₹7,656 crore) and Ganesh Housing (₹5,298 crore), at prices of 4 Nov 2026.

• SignatureGlobal India: ₹707.10 | market value ₹9,948 crore | P/E 9.6
• Raymond: ₹1,150.10 | market value ₹7,656 crore | P/E 144.3
• Ganesh Housing: ₹635.40 | market value ₹5,298 crore | P/E 23.7
• Puravankara: ₹200.84 | market value ₹4,763 crore | P/E 29.7
• Valor Estate: ₹85.59 | market value ₹4,642 crore | P/E 420.3
• Keystone Realtors: ₹359.50 | market value ₹4,542 crore | P/E 38.6
• Sunteck Realty: ₹293.70 | market value ₹4,312 crore | P/E 19.4
• Kolte Patil Developers: ₹470.20 | market value ₹4,170 crore | P/E 33.5
• Kesar India: ₹1,205 | market value ₹3,920 crore | P/E 133.7
• Ashiana Housing: ₹370 | market value ₹3,719 crore | P/E 31.4

The other 16 Real Estate Construction companies are in the full list below.

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

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

The largest 15 of 26 listed Indian Realty - Construction & Contracting companies are named here; all 26 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Realty - Construction & Contracting index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.

1. SignatureGlobal India Ltd₹9,880 cr
2. Raymond Ltd₹7,320 cr
3. Ganesh Housing Ltd₹5,570 cr
4. Puravankara Ltd₹4,550 cr
5. Valor Estate Ltd₹4,330 cr
6. Keystone Realtors Ltd₹4,270 cr
7. Sunteck Realty Ltd₹4,120 cr
8. Kolte Patil Developers Ltd₹3,930 cr
9. Kesar India Ltd₹3,610 cr
10. Ashiana Housing Ltd₹3,390 cr
11. AGI Infra Ltd₹3,000 cr
12. Hemisphere Properties India Ltd₹2,970 cr
13. Hubtown Ltd₹2,610 cr
14. Ajmera Realty & Infra India Ltd₹2,610 cr
15. Arvind SmartSpaces Ltd₹2,590 cr

The remaining 11 Realty - Construction & Contracting companies are named and ranked in the scorecard.

26 Real Estate Construction companies in the Realty - Construction & Contracting industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 26 are listed below, largest first. The largest is SignatureGlobal India (₹9,883 crore) and the smallest with a market value is Suratwwala Business Group.

Download all 26 Real Estate Construction companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 6% behind NIFTY 500. Earnings across its companies fell 9% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 11 weeks running.

2 of the 24 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 2 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 11 weeks running; 7 of the 24 companies in the industry index above their 200-day average (no change from four weeks earlier); 2 of those 24 pass the momentum test (no change from four weeks earlier); earnings rising at 16 of the 24 that report earnings.

Ahead of NIFTY 500 for 11 weeks running, participation steady at 2 → 2 of 24. Earnings confirming, 16 of 24 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 24 of its 26 companies (the 2 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Realty - Construction & Contracting has done worse than the NIFTY 500 by 3.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.3%. Raymond Ltd is the strongest against the sector itself at +94.5%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 51.8 as of 30 October 2026 (narrowing, rising).

Realty - Construction & Contracting has done worse than the NIFTY 500 by 3.5% over 52 weeks, but is 4.3% ahead over the last 13 weeks. 2 of 26 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 5 of the 15 with a long enough price history are ahead of the industry itself.

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

Suratwwala Business Group Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 75.6% evidence confidence.

Capacite Infraprojects Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Ranked last: too little evidence (3 companies)

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

Raymond Ltd has the strongest one-year price move in Realty - Construction & Contracting at +91.7%. It also leads on relative strength against the NIFTY, at +96.4%. 9 of 26 companies we track are ahead of the index on that measure (2 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

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

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

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

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

The caveat is the near-term earnings shape: last-year Σprofit actually FELL 14.3% (₹8,653 cr → ₹7,419 cr) as a 10.28pp margin drag overwhelmed +16.3% revenue, and both the FY25 base and the quarterly profit are distorted by lumpy one-off handover/revaluation quarters (April to June 2024 profit ₹7,577 cr, April to June 2025 ₹5,523 cr), so the aggregate profit curve is noisy. For this financial-adjacent sector the real demand signal is presales/collections, not the reported profit lumps. In the week of 13 July 2026, 36% of 25 Realty - Construction & Contracting companies were beating the Nifty 500, against 28% on 2 March 2026.

From our industry review of 19 July 2026. A newer review (10 October 2026) did not cover Realty - Construction & Contracting, so this is the latest we have.

2 of 23 Realty - Construction & Contracting companies held a results call for July to September 2026. Raymond guided: Aerospace growth commitment in high mid-20s despite strong first half pace.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 0.3 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹4,099 crore in the last 12 months, 61% more than a year before.
• Projects still being built grew 51% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 26 Realty - Construction & Contracting companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Realty - Construction & Contracting figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 29 Jul 2026, so the words are older than the numbers. 5 themes are live here, 2 of them rated high severity.

The Realty - Construction & Contracting sector displays sharp divergence in Q4 FY26. ASHIANA and GEECEE reported revenue growth of 48.14% and 106.7% YoY respectively, while DBREALTY, OMAXE, and PENINLAND contracted by 86.53%, 35.61%, and 35.20%. Profitability is equally split, with 2 constituents posting profits and 3 reporting losses.

How old this read is: OLD: this read comes from our Realty - Construction & Contracting sector brief dated 29 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Realty - Construction & Contracting sector brief, 29 Jul 2026.

Puravankara Ltd has the highest Revenue among the 26 Realty - Construction & Contracting companies compared here, at ₹4,064 crore. Keystone Realtors Ltd is next at ₹2,831 crore. The same company also has the highest Revenue growth, at the 100% top of the scoring scale. 26 of 26 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Puravankara Ltd is the largest at ₹4,064 crore, 43.6% ahead of Keystone Realtors Ltd. Puravankara Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 116.2% from a ₹4,064 crore base, with 16 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Puravankara Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Puravankara Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

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

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

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

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

Ganesh Housing Ltd has the highest OPM among the 26 Realty - Construction & Contracting companies compared here, at 81%. Arvind SmartSpaces Ltd is next at 49%. Omaxe Ltd has the highest Margin change at +53.1 percentage points, so level and change sit with different companies. 25 of 26 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Ganesh Housing Ltd leads opm at 81%; Omaxe Ltd leads margin change at +53.1 percentage points.

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

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

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

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

SignatureGlobal India Ltd has the highest Net profit among the 26 Realty - Construction & Contracting companies compared here, at ₹1,043 crore. Ganesh Housing Ltd is next at ₹224 crore. Ashiana Housing Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: SignatureGlobal India Ltd earns the most, ₹1,043 crore of profit over the last 12 months, 365.6% above Ganesh Housing Ltd. Ashiana Housing Ltd shows at least 100% on the scoring scale (230.6% in full) growth from a profit base of ₹119 crore. A fast rate from a small base matters less than a large profit that keeps coming.

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

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Suratwwala Business Group Ltd has the highest ROCE among the 26 Realty - Construction & Contracting companies compared here, at 30.8%. Kesar India Ltd is next at 24.2%. SignatureGlobal India Ltd has the highest ROCE change at +34.1 percentage points, so level and change sit with different companies. Its ROCE series carries 17 reported observations across the 20-quarter window.

What the numbers say: Suratwwala Business Group Ltd leads ROCE at 30.8%, 6.6 percentage points above Kesar India Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Suratwwala Business Group Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

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

Return on capital · company comparison

Withheld from this chart: Raymond Ltd (RAYMOND): its two data sources disagree by up to 379% on reported income across 14 comparable periods, so its derived ratios are withheld; Puravankara Ltd (PURVA): its two data sources disagree by up to 335% on reported income across 16 comparable periods, so its derived ratios are withheld; Keystone Realtors Ltd (RUSTOMJEE): its two data sources disagree by up to 48% on reported income across 15 comparable periods, so its derived ratios are withheld; Ajmera Realty & Infra India Ltd (AJMERA): its two data sources disagree by up to 7% on reported income across 15 comparable periods, so its derived ratios are withheld; Arvind SmartSpaces Ltd (ARVSMART): its two data sources disagree by up to 32% on reported income across 15 comparable periods, so its derived ratios are withheld; Laxmi Goldorna House Ltd (LGHL): its two data sources disagree by up to 138% on reported income across 13 comparable periods, so its derived ratios are withheld; PVP Ventures Ltd (PVP): its two data sources disagree by up to 73% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Arihant Foundations & Housing Ltd has the lowest PEG among the 26 Realty - Construction & Contracting companies compared here, at 0.24×. Ganesh Housing Ltd is next at 0.31×. Capacite Infraprojects Ltd has the lowest P/E at 6.65×, so level and change sit with different companies. 11 of 26 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Arihant Foundations & Housing Ltd has the lowest comparable PEG at 0.24×, 22.6% below Ganesh Housing Ltd. That would need today's multiple, the company's own history and steady growth to agree.

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

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Realty - Construction & Contracting companies show up on 5 of our India lists. The most are on the real estate, reit & cement list (22 companies).