3 Deep-Water Port, Power Plant Services and Marine Construction Stocks With a Strong Future Roadmap: Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects
- October 22, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects: ROE of 14.4% to 24.9% and FY22 to FY26 revenue CAGR of 12.4% to 28.0%. Prices as of 21 Oct 2026.
Quick Answer
The three infrastructure services and port stocks to watch are Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects. Their return on equity ranges from 14.4% to 24.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.4% to 28.0%. Cemindia Projects leads on both return on equity at 24.9% and revenue growth at 28.0% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Infrastructure services and port stocks let investors follow companies that handle cargo and build and maintain the assets behind growth. Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects cover a deep-water port, power plant services and marine and civil construction.
This list covers three infrastructure services and port stocks with complete current figures: Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
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What Are Infrastructure Services and Port Stocks?
Infrastructure services and port stocks are listed companies that operate ports, provide erection and maintenance services to power plants or build civil and marine structures. Their earnings depend on cargo volumes, order books and execution.
Infrastructure Services and Port Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Gujarat Pipavav Port | 163.78 | 8,037 | 14.4 | 31.9 | 21.6 | 0.02 |
| Power Mech Projects | 2,272.6 | 7,461 | 17.7 | 22.7 | 14.4 | 0.26 |
| Cemindia Projects | 1,168.7 | 20,093 | 33.4 | 22.7 | 24.9 | 0.38 |
On valuation, Gujarat Pipavav Port and Power Mech Projects trade at a P/E below the industry P/E, while Cemindia Projects trades above it, which reflects the growth the market already expects. Readers comparing infrastructure services and port stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in infrastructure services and port stocks can use the coming numbers to test whether growth is holding.
Why Do Infrastructure Services and Port Stocks Have a Strong Roadmap in India?
Infrastructure services and port stocks have a strong roadmap in India because growing trade, power capacity additions and large public works are raising demand for ports, plant services and construction.
- Trade growth. More cargo through ports lifts handling volumes.
- Power capacity additions. New and ageing plants need erection and maintenance work.
- Public works. Metros, ports and hydro projects create construction orders.
Why Gujarat Pipavav Port Features Among These Infrastructure Services and Port Stocks
Among the infrastructure services and port stocks on this list, Gujarat Pipavav Port runs a deep-water port on the Saurashtra coast of Gujarat that handles containers, bulk cargo and liquid cargo, with rail links to north and west India.
In the June 2026 quarter, revenue grew 28.0% year on year to Rs 347 crore, while net profit rose 41.8% to Rs 148 crore. Revenue rose from Rs 772 crore in FY22 to Rs 1,232 crore in FY26, a compound annual growth rate of 12.4%.
Net profit grew from Rs 197 crore in FY22 to Rs 515 crore in FY26, which works out to a compound annual growth rate of 27.1%. The company has a return on equity of 21.6%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 8,037 crore. The stock trades at a P/E of 14.4, below the industry P/E of 31.9.
Roadmap: Container volumes and bulk cargo handling are the main growth engines, and the port’s rail connectivity into the northern hinterland gives it a clear edge. The company carries almost no debt, which leaves room for capacity expansion.
What to watch: Watch container volume growth and the progress of new berth and yard capacity.
Why Power Mech Projects Features Among These Infrastructure Services and Port Stocks
Among the deep-water port shares on this list, Power Mech Projects provides erection, operation and maintenance services to thermal power, renewable energy, infrastructure and industrial clients, working across India and in select overseas markets.
The company has a return on equity of 14.4%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 7,461 crore. The stock trades at a P/E of 17.7, below the industry P/E of 22.7.
Revenue rose from Rs 2,728 crore in FY22 to Rs 6,107 crore in FY26, a compound annual growth rate of 22.3%. Net profit grew from Rs 138 crore in FY22 to Rs 412 crore in FY26, which works out to a compound annual growth rate of 31.3%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit rose 10.9% to Rs 89.3 crore.
Roadmap: The company benefits from the build-out of new power capacity and from recurring operation and maintenance contracts, which add stability to earnings. It has also entered infrastructure, railways and metals, widening its order base beyond power.
What to watch: Check the order book composition between power and non-power work and the pace of order inflow.
Why Cemindia Projects Features Among These Infrastructure Services and Port Stocks
Among the three companies on this list, Cemindia Projects, earlier known as ITD Cementation India, is a civil engineering and construction company that works on ports, marine structures, metros, hydro and nuclear power, airports and industrial projects.
Revenue rose from Rs 3,821 crore in FY22 to Rs 10,243 crore in FY26, a compound annual growth rate of 28.0%. Net profit grew from Rs 69.3 crore in FY22 to Rs 598 crore in FY26, which works out to a compound annual growth rate of 71.3%.
In the June 2026 quarter, revenue grew 5.2% year on year to Rs 2,731 crore, while net profit rose 2.6% to Rs 141 crore. The company has a return on equity of 24.9%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 20,093 crore. The stock trades at a P/E of 33.4, above the industry P/E of 22.7.
Roadmap: The company has expertise in marine and foundation work and holds a strong order book across ports, metro rail and power. As a member of the Adani Group it gains access to large port and infrastructure projects.
What to watch: Check the order inflow from ports and metro projects and how fast the order book turns into revenue.
Gujarat Pipavav Port vs Power Mech Projects vs Cemindia Projects on Key Financials
The table below sets the three infrastructure services and port stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Gujarat Pipavav Port | 772 | 1,232 | 12.4% | 515 | 41.8% |
| Power Mech Projects | 2,728 | 6,107 | 22.3% | 412 | 6.7% |
| Cemindia Projects | 3,821 | 10,243 | 28.0% | 598 | 5.8% |
Cemindia Projects posts the highest return on equity in this group at 24.9%. Cemindia Projects combines the largest FY26 revenue at Rs 10,243 crore with the fastest revenue growth, a 28.0% compound annual rate. A useful habit with infrastructure services and port stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several power plant services stocks instead of one name, which keeps a single result from deciding the outcome.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Gujarat Pipavav Port | 271 | 347 | 28.0% |
| Power Mech Projects | 1,305 | 1,632 | 25.1% |
| Cemindia Projects | 2,597 | 2,731 | 5.2% |
Key Risks to Check Before Investing in Infrastructure Services and Port Stocks
Every theme carries risks that deserve a check before any decision. For these infrastructure services and port stocks, the main points are: Long-term deep-water port shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Project timing. Construction and plant orders can face delays.
- Cargo mix. Port volumes can shift with trade patterns.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter infrastructure services and port stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Infrastructure Services and Port Stocks
Infrastructure services and port stocks reward investors who follow cargo volumes, order books and execution together. Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects each benefit from India’s infrastructure build-out. Based on the 21 October 2026 close, Gujarat Pipavav Port trades at Rs 163.78, Power Mech Projects at Rs 2,272.6 and Cemindia Projects at Rs 1,168.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these infrastructure services and port stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are infrastructure services and port stocks?
Ans. Infrastructure services and port stocks are listed companies that operate ports, provide erection and maintenance services to power plants or build civil and marine structures. Their earnings depend on cargo volumes, order books and execution. This list looks at three of them, Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which infrastructure services and port stocks are covered in this list?
Ans. This list covers Gujarat Pipavav Port, Power Mech Projects and Cemindia Projects. Based on the 21 October 2026 close, Gujarat Pipavav Port traded at Rs 163.78, Power Mech Projects at Rs 2,272.6 and Cemindia Projects at Rs 1,168.7. Their return on equity ranges from 14.4% to 24.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.4% to 28.0%.
Why do infrastructure services and port stocks have a strong future roadmap in India?
Ans. Infrastructure services and port stocks have a strong roadmap in India because growing trade, power capacity additions and large public works are raising demand for ports, plant services and construction. The main drivers are as follows. Trade growth. More cargo through ports lifts handling volumes. Power capacity additions. New and ageing plants need erection and maintenance work. Public works. Metros, ports and hydro projects create construction orders. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Gujarat Pipavav Port performed financially?
Ans. Revenue rose from Rs 772 crore in FY22 to Rs 1,232 crore in FY26, a compound annual growth rate of 12.4%. Net profit grew from Rs 197 crore in FY22 to Rs 515 crore in FY26, which works out to a compound annual growth rate of 27.1%. In the June 2026 quarter, revenue grew 28.0% year on year to Rs 347 crore, while net profit rose 41.8% to Rs 148 crore. The company has a return on equity of 21.6%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 8,037 crore. The stock trades at a P/E of 14.4, below the industry P/E of 31.9. Looking ahead, container volumes and bulk cargo handling are the main growth engines, and the port’s rail connectivity into the northern hinterland gives it a clear edge. The company carries almost no debt, which leaves room for capacity expansion.
How has Power Mech Projects performed financially?
Ans. Revenue rose from Rs 2,728 crore in FY22 to Rs 6,107 crore in FY26, a compound annual growth rate of 22.3%. Net profit grew from Rs 138 crore in FY22 to Rs 412 crore in FY26, which works out to a compound annual growth rate of 31.3%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit rose 10.9% to Rs 89.3 crore. The company has a return on equity of 14.4%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 7,461 crore. The stock trades at a P/E of 17.7, below the industry P/E of 22.7. Looking ahead, the company benefits from the build-out of new power capacity and from recurring operation and maintenance contracts, which add stability to earnings. It has also entered infrastructure, railways and metals, widening its order base beyond power.
How has Cemindia Projects performed financially?
Ans. Revenue rose from Rs 3,821 crore in FY22 to Rs 10,243 crore in FY26, a compound annual growth rate of 28.0%. Net profit grew from Rs 69.3 crore in FY22 to Rs 598 crore in FY26, which works out to a compound annual growth rate of 71.3%. In the June 2026 quarter, revenue grew 5.2% year on year to Rs 2,731 crore, while net profit rose 2.6% to Rs 141 crore. The company has a return on equity of 24.9%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 20,093 crore. The stock trades at a P/E of 33.4, above the industry P/E of 22.7. Looking ahead, the company has expertise in marine and foundation work and holds a strong order book across ports, metro rail and power. As a member of the Adani Group it gains access to large port and infrastructure projects.
What risks should investors check before buying infrastructure services and port stocks?
Ans. Investors should check a few risks before buying infrastructure services and port stocks. Project timing. Construction and plant orders can face delays. Cargo mix. Port volumes can shift with trade patterns. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of infrastructure services and port stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.