3 Engineering Consultancy and Project Company, Construction Equipment Maker and Power Transmission EPC Stocks With a Strong Future Roadmap: Engineers India, Action Construction Equipment and KEC International
- October 26, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Engineers India, Action Construction Equipment and KEC International: ROE of 9.8% to 22.0% and FY22 to FY26 revenue CAGR of 7.9% to 19.9%. Prices as of 23 Oct 2026.
Quick Answer
The three engineering consulting and EPC equipment stocks to watch are Engineers India, Action Construction Equipment and KEC International. Their return on equity ranges from 9.8% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 19.9%. Engineers India has the highest return on equity at 22.0%, while Action Construction Equipment has the fastest revenue growth at 19.9% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Engineering consulting and EPC equipment stocks let investors follow companies that serve a growing part of the Indian economy. Engineers India, Action Construction Equipment and KEC International cover an engineering consultancy and project company, a construction equipment maker and a power transmission EPC company.
This list covers three engineering consulting and EPC equipment stocks with complete current figures: Engineers India, Action Construction Equipment and KEC International. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Engineering Consulting and EPC Equipment Stocks?
Engineering consulting and EPC equipment stocks are listed companies that design plants, make cranes and construction machinery and build power transmission lines. Their earnings depend on order books, execution and public and private project spending.
Engineering Consulting and EPC Equipment Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Engineers India | 242.5 | 15,096 | 19.2 | 22.7 | 22.0 | 0.01 |
| Action Construction Equipment | 1,074.6 | 13,204 | 30.2 | 44.4 | 20.6 | 0.00 |
| KEC International | 327.75 | 8,830 | 15.9 | 22.3 | 9.8 | 0.87 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing engineering consulting and EPC equipment stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Engineering Consulting and EPC Equipment Stocks Have a Strong Roadmap in India?
Engineering consulting and EPC equipment stocks have a strong roadmap in India because refinery and energy upgrades, infrastructure building and grid expansion keep creating demand for engineering skills and heavy equipment.
- Energy projects. Refinery and gas upgrades need design and project services.
- Construction machinery. Infrastructure building raises demand for cranes and loaders.
- Grid expansion. Transmission lines connect new power.
Why Engineers India Features Among These Engineering Consulting and EPC Equipment Stocks
Among the engineering consulting and EPC equipment stocks on this list, Engineers India is a public sector engineering consultancy and project company that provides design, project management and construction services to oil, gas, petrochemical, fertiliser and infrastructure clients.
Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%.
The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7.
Roadmap: The company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
What to watch: Monitor order inflow from refinery and petrochemical projects and execution of existing mandates.
Why Action Construction Equipment Features Among These Engineering Consulting and EPC Equipment Stocks
Among the project engineering company shares on this list, Action Construction Equipment is a Haryana-based maker of cranes, backhoe loaders, aerial work platforms and other material-handling and construction machinery.
The company has a return on equity of 20.6%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 13,204 crore. The stock trades at a P/E of 30.2, below the industry P/E of 44.4.
Revenue rose from Rs 1,640 crore in FY22 to Rs 3,390 crore in FY26, a compound annual growth rate of 19.9%. Net profit grew from Rs 105 crore in FY22 to Rs 415 crore in FY26, which works out to a compound annual growth rate of 41.0%. In the June 2026 quarter, revenue grew 19.5% year on year to Rs 840 crore, while net profit rose 22.3% to Rs 119 crore.
Roadmap: Infrastructure spending, rail and port projects and a growing share of exports support demand for its cranes and construction machines. The company also benefits from its widespread dealer network, which gives it reach across India.
What to watch: Follow government infrastructure spending and monsoon-linked construction activity.
Why KEC International Features Among These Engineering Consulting and EPC Equipment Stocks
Among the three companies on this list, KEC International is an engineering and construction company that builds power transmission and distribution lines, railways, civil infrastructure, cables and renewable projects in India and overseas.
Revenue rose from Rs 13,756 crore in FY22 to Rs 23,556 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 332 crore in FY22 to Rs 606 crore in FY26, which works out to a compound annual growth rate of 16.2%.
In the June 2026 quarter, revenue grew 0.2% year on year to Rs 5,037 crore. The company has a return on equity of 9.8%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,830 crore. The stock trades at a P/E of 15.9, below the industry P/E of 22.3.
Roadmap: The company has a large order book across transmission, railways and civil work, and it is scaling its renewable and cables businesses. Execution across several segments widens its revenue base.
What to watch: Follow order inflows, execution pace and margin progress.
Engineers India vs Action Construction Equipment vs KEC International on Key Financials
The table below sets the three engineering consulting and EPC equipment 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 |
|---|---|---|---|---|---|
| Engineers India | 3,043 | 4,123 | 7.9% | 692 | 16.8% |
| Action Construction Equipment | 1,640 | 3,390 | 19.9% | 415 | 12.2% |
| KEC International | 13,756 | 23,556 | 14.4% | 606 | 2.6% |
Engineers India posts the highest return on equity in this group at 22.0%. KEC International has the largest FY26 revenue at Rs 23,556 crore, and Action Construction Equipment shows the fastest revenue growth with a 19.9% compound annual rate. A useful habit with engineering consulting and EPC equipment stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Engineering Consulting and EPC Equipment Stocks
Every theme carries risks that deserve a check before any decision. For these engineering consulting and EPC equipment stocks, the main points are:
- Order timing. Project orders can shift between periods.
- Working capital. Project payments can take time.
- Input costs. Steel and copper prices affect margins.
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 engineering consulting and EPC equipment stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Engineering Consulting and EPC Equipment Stocks
Engineering consulting and EPC equipment stocks reward investors who follow demand trends, order books and margins together. Engineers India, Action Construction Equipment and KEC International each have a clear order pipeline. Based on the 23 October 2026 close, Engineers India trades at Rs 242.5, Action Construction Equipment at Rs 1,074.6 and KEC International at Rs 327.75.
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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 engineering consulting and EPC equipment stocks?
Ans. Engineering consulting and EPC equipment stocks are listed companies that design plants, make cranes and construction machinery and build power transmission lines. Their earnings depend on order books, execution and public and private project spending. This list looks at three of them, Engineers India, Action Construction Equipment and KEC International, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which engineering consulting and EPC equipment stocks are covered in this list?
Ans. This list covers Engineers India, Action Construction Equipment and KEC International. Based on the 23 October 2026 close, Engineers India traded at Rs 242.5, Action Construction Equipment at Rs 1,074.6 and KEC International at Rs 327.75. Their return on equity ranges from 9.8% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 19.9%.
Why do engineering consulting and EPC equipment stocks have a strong future roadmap in India?
Ans. Engineering consulting and EPC equipment stocks have a strong roadmap in India because refinery and energy upgrades, infrastructure building and grid expansion keep creating demand for engineering skills and heavy equipment. The main drivers are as follows. Energy projects. Refinery and gas upgrades need design and project services. Construction machinery. Infrastructure building raises demand for cranes and loaders. Grid expansion. Transmission lines connect new power. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Engineers India performed financially?
Ans. Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%. The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7. Looking ahead, the company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
How has Action Construction Equipment performed financially?
Ans. Revenue rose from Rs 1,640 crore in FY22 to Rs 3,390 crore in FY26, a compound annual growth rate of 19.9%. Net profit grew from Rs 105 crore in FY22 to Rs 415 crore in FY26, which works out to a compound annual growth rate of 41.0%. In the June 2026 quarter, revenue grew 19.5% year on year to Rs 840 crore, while net profit rose 22.3% to Rs 119 crore. The company has a return on equity of 20.6%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 13,204 crore. The stock trades at a P/E of 30.2, below the industry P/E of 44.4. Looking ahead, infrastructure spending, rail and port projects and a growing share of exports support demand for its cranes and construction machines. The company also benefits from its widespread dealer network, which gives it reach across India.
How has KEC International performed financially?
Ans. Revenue rose from Rs 13,756 crore in FY22 to Rs 23,556 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 332 crore in FY22 to Rs 606 crore in FY26, which works out to a compound annual growth rate of 16.2%. In the June 2026 quarter, revenue grew 0.2% year on year to Rs 5,037 crore. The company has a return on equity of 9.8%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,830 crore. The stock trades at a P/E of 15.9, below the industry P/E of 22.3. Looking ahead, the company has a large order book across transmission, railways and civil work, and it is scaling its renewable and cables businesses. Execution across several segments widens its revenue base.
What risks should investors check before buying engineering consulting and EPC equipment stocks?
Ans. Investors should check a few risks before buying engineering consulting and EPC equipment stocks. Order timing. Project orders can shift between periods. Working capital. Project payments can take time. Input costs. Steel and copper prices affect margins. 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 engineering consulting and EPC equipment stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 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.