{"id":325383,"date":"2026-10-23T14:28:04","date_gmt":"2026-10-23T08:58:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325383"},"modified":"2026-10-23T14:28:04","modified_gmt":"2026-10-23T08:58:04","slug":"highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/","title":{"rendered":"3 Highway and Rail Contractor, Public Sector Railway Builder and Buildings and Water Contractor Stocks With a Strong Future Roadmap: H.G. Infra Engineering, IRCON International and NCC"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>H.G. Infra Engineering, IRCON International and NCC: ROE of 8.6% to 9.1% and FY22 to FY26 revenue CAGR of 5.8% to 16.9%. Prices as of 22 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three road, rail and building contractor stocks to watch are H.G. Infra Engineering, IRCON International and NCC. Their return on equity ranges from 8.6% to 9.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 16.9%. H.G. Infra Engineering has the highest return on equity at 9.1%, while NCC has the fastest revenue growth at 16.9% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Road, rail and building contractor stocks let investors follow companies that build India&#8217;s roads, railways and buildings. H.G. Infra Engineering, IRCON International and NCC cover a highway and rail contractor, a public sector railway builder and a buildings and water contractor.<\/p>\n<p>This list covers three road, rail and building contractor stocks with complete current figures: H.G. Infra Engineering, IRCON International and NCC. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#What_Are_Road_Rail_and_Building_Contractor_Stocks\" title=\"What Are Road, Rail and Building Contractor Stocks?\">What Are Road, Rail and Building Contractor Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Road_Rail_and_Building_Contractor_Stocks_at_a_Glance\" title=\"Road, Rail and Building Contractor Stocks at a Glance\">Road, Rail and Building Contractor Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Why_Do_Road_Rail_and_Building_Contractor_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Road, Rail and Building Contractor Stocks Have a Strong Roadmap in India?\">Why Do Road, Rail and Building Contractor Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Why_HG_Infra_Engineering_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\" title=\"Why H.G. Infra Engineering Features Among These Road, Rail and Building Contractor Stocks\">Why H.G. Infra Engineering Features Among These Road, Rail and Building Contractor Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Why_IRCON_International_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\" title=\"Why IRCON International Features Among These Road, Rail and Building Contractor Stocks\">Why IRCON International Features Among These Road, Rail and Building Contractor Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Why_NCC_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\" title=\"Why NCC Features Among These Road, Rail and Building Contractor Stocks\">Why NCC Features Among These Road, Rail and Building Contractor Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#HG_Infra_Engineering_vs_IRCON_International_vs_NCC_on_Key_Financials\" title=\"H.G. Infra Engineering vs IRCON International vs NCC on Key Financials\">H.G. Infra Engineering vs IRCON International vs NCC on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Key_Risks_to_Check_Before_Investing_in_Road_Rail_and_Building_Contractor_Stocks\" title=\"Key Risks to Check Before Investing in Road, Rail and Building Contractor Stocks\">Key Risks to Check Before Investing in Road, Rail and Building Contractor Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Final_Thoughts_on_Road_Rail_and_Building_Contractor_Stocks\" title=\"Final Thoughts on Road, Rail and Building Contractor Stocks\">Final Thoughts on Road, Rail and Building Contractor Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#What_are_road_rail_and_building_contractor_stocks\" title=\"What are road, rail and building contractor stocks?\">What are road, rail and building contractor stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Which_road_rail_and_building_contractor_stocks_are_covered_in_this_list\" title=\"Which road, rail and building contractor stocks are covered in this list?\">Which road, rail and building contractor stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Why_do_road_rail_and_building_contractor_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do road, rail and building contractor stocks have a strong future roadmap in India?\">Why do road, rail and building contractor stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#How_has_HG_Infra_Engineering_performed_financially\" title=\"How has H.G. Infra Engineering performed financially?\">How has H.G. Infra Engineering performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#How_has_IRCON_International_performed_financially\" title=\"How has IRCON International performed financially?\">How has IRCON International performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#How_has_NCC_performed_financially\" title=\"How has NCC performed financially?\">How has NCC performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#What_risks_should_investors_check_before_buying_road_rail_and_building_contractor_stocks\" title=\"What risks should investors check before buying road, rail and building contractor stocks?\">What risks should investors check before buying road, rail and building contractor stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/highway-and-rail-contractor-public-sector-railway-builder-and-buildings-and-water-contractor-stocks-roadmap-pinnacle-list\/#Is_this_list_of_road_rail_and_building_contractor_stocks_investment_advice\" title=\"Is this list of road, rail and building contractor stocks investment advice?\">Is this list of road, rail and building contractor stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>What Are Road, Rail and Building Contractor Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Road, rail and building contractor stocks are listed companies that build highways, lay railway lines and construct buildings, irrigation and water projects. Their earnings depend on government spending, order books and execution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Road_Rail_and_Building_Contractor_Stocks_at_a_Glance\"><\/span><strong>Road, Rail and Building Contractor Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/hginfra\/hg-infra-engineering-ltd-share-price-today\">H.G. Infra Engineering<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">390.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,541<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.54<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ircon\/ircon-international-ltd-share-price-today\">IRCON International<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">100.32<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,800<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.86<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ncc\/ncc-ltd-share-price-today\">NCC<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">120.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,550<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.44<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Road_Rail_and_Building_Contractor_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Road, Rail and Building Contractor Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Road, rail and building contractor stocks have a strong roadmap in India because large government outlays on highways, railways and water keep creating work across the construction chain.<\/p>\n<ul>\n<li><strong>Government outlays.<\/strong> Highway, railway and water budgets stay high.<\/li>\n<li><strong>Wider mix.<\/strong> Power, solar and buildings diversify orders.<\/li>\n<li><strong>Experienced bidders.<\/strong> A strong record helps win large contracts.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_HG_Infra_Engineering_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>Why H.G. Infra Engineering Features Among These Road, Rail and Building Contractor Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the road, rail and building contractor stocks on this list, H.G. Infra Engineering is a Jaipur-based road and highway construction company that also takes on railway, power transmission and solar projects.<\/p>\n<p>Revenue rose from Rs 3,759 crore in FY22 to Rs 5,263 crore in FY26, a compound annual growth rate of 8.8%. Net profit for FY26 was Rs 330 crore, a net margin of 6.3%.<\/p>\n<p>The company has a return on equity of 9.1%, a debt to equity ratio of 1.54 and a market capitalisation of Rs 2,541 crore. The stock trades at a P\/E of 13.7, below the industry P\/E of 22.3.<\/p>\n<p><strong>Roadmap:<\/strong> The company is widening beyond roads into rail and power, which spreads its order book across segments. A track record of timely delivery helps it win government contracts.<\/p>\n<p><strong>What to watch:<\/strong> Track new order wins, execution timelines and the mix of road and non-road projects.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_IRCON_International_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>Why IRCON International Features Among These Road, Rail and Building Contractor Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the highway and railway contractor shares on this list, IRCON International is a public sector engineering and construction company that builds railways, highways, bridges, tunnels and electrification projects in India and overseas.<\/p>\n<p>The company has a return on equity of 9.0%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 9,800 crore. The stock trades at a P\/E of 18.8, below the industry P\/E of 22.7.<\/p>\n<p>Revenue rose from Rs 7,586 crore in FY22 to Rs 9,502 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 592 crore, a net margin of 6.2%. In the June 2026 quarter, revenue grew 7.9% year on year to Rs 2,043 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from large railway and highway spending by the government and is building a pipeline of new orders. A strong balance sheet and project skills support bids for large works.<\/p>\n<p><strong>What to watch:<\/strong> Follow order book additions, railway project awards and execution progress.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_NCC_Features_Among_These_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>Why NCC Features Among These Road, Rail and Building Contractor Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, NCC is a Hyderabad-based construction company that builds buildings, roads, water supply and irrigation projects, mining and electrical infrastructure for public and private clients.<\/p>\n<p>Revenue rose from Rs 11,209 crore in FY22 to Rs 20,944 crore in FY26, a compound annual growth rate of 16.9%. Net profit grew from Rs 494 crore in FY22 to Rs 724 crore in FY26, which works out to a compound annual growth rate of 10.0%.<\/p>\n<p>In the June 2026 quarter, revenue grew 12.2% year on year to Rs 5,842 crore, while net profit rose 11.9% to Rs 229 crore. The company has a return on equity of 8.6%, a debt to equity ratio of 0.44 and a market capitalisation of Rs 7,550 crore. The stock trades at a P\/E of 10.1, below the industry P\/E of 22.3.<\/p>\n<p><strong>Roadmap:<\/strong> The company holds a sizeable order book across water, buildings and transportation, supported by government infrastructure spending. Wider segments give it many routes to win new projects.<\/p>\n<p><strong>What to watch:<\/strong> Follow order inflows, execution speed and collections.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HG_Infra_Engineering_vs_IRCON_International_vs_NCC_on_Key_Financials\"><\/span><strong>H.G. Infra Engineering vs IRCON International vs NCC on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three road, rail and building contractor stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">H.G. Infra Engineering<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,759<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,263<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">330<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">IRCON International<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,586<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,502<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">592<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">NCC<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,209<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20,944<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">724<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>H.G. Infra Engineering posts the highest return on equity in this group at 9.1%. NCC combines the largest FY26 revenue at Rs 20,944 crore with the fastest revenue growth, a 16.9% compound annual rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Road, Rail and Building Contractor Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these road, rail and building contractor stocks, the main points are:<\/p>\n<ul>\n<li><strong>Order timing.<\/strong> Government orders can shift between quarters.<\/li>\n<li><strong>Working capital.<\/strong> Payments can take time.<\/li>\n<li><strong>Input costs.<\/strong> Steel and fuel prices influence margins.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter road, rail and building contractor stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Road_Rail_and_Building_Contractor_Stocks\"><\/span><strong>Final Thoughts on Road, Rail and Building Contractor Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Road, rail and building contractor stocks reward investors who follow order books, execution and payments together. H.G. Infra Engineering, IRCON International and NCC each play a key part in infrastructure. Based on the 22 October 2026 close, H.G. Infra Engineering trades at Rs 390.3, IRCON International at Rs 100.32 and NCC at Rs 120.17.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track road, rail and building contractor stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_road_rail_and_building_contractor_stocks\"><\/span><strong>What are road, rail and building contractor stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Road, rail and building contractor stocks are listed companies that build highways, lay railway lines and construct buildings, irrigation and water projects. Their earnings depend on government spending, order books and execution. This list looks at three of them, H.G. Infra Engineering, IRCON International and NCC, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_road_rail_and_building_contractor_stocks_are_covered_in_this_list\"><\/span><strong>Which road, rail and building contractor stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers H.G. Infra Engineering, IRCON International and NCC. Based on the 22 October 2026 close, H.G. Infra Engineering traded at Rs 390.3, IRCON International at Rs 100.32 and NCC at Rs 120.17. Their return on equity ranges from 8.6% to 9.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 16.9%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_road_rail_and_building_contractor_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do road, rail and building contractor stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Road, rail and building contractor stocks have a strong roadmap in India because large government outlays on highways, railways and water keep creating work across the construction chain. The main drivers are as follows. Government outlays. Highway, railway and water budgets stay high. Wider mix. Power, solar and buildings diversify orders. Experienced bidders. A strong record helps win large contracts. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_HG_Infra_Engineering_performed_financially\"><\/span><strong>How has H.G. Infra Engineering performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 3,759 crore in FY22 to Rs 5,263 crore in FY26, a compound annual growth rate of 8.8%. Net profit for FY26 was Rs 330 crore, a net margin of 6.3%. The company has a return on equity of 9.1%, a debt to equity ratio of 1.54 and a market capitalisation of Rs 2,541 crore. The stock trades at a P\/E of 13.7, below the industry P\/E of 22.3. Looking ahead, the company is widening beyond roads into rail and power, which spreads its order book across segments. A track record of timely delivery helps it win government contracts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_IRCON_International_performed_financially\"><\/span><strong>How has IRCON International performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 7,586 crore in FY22 to Rs 9,502 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 592 crore, a net margin of 6.2%. In the June 2026 quarter, revenue grew 7.9% year on year to Rs 2,043 crore. The company has a return on equity of 9.0%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 9,800 crore. The stock trades at a P\/E of 18.8, below the industry P\/E of 22.7. Looking ahead, the company benefits from large railway and highway spending by the government and is building a pipeline of new orders. A strong balance sheet and project skills support bids for large works.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_NCC_performed_financially\"><\/span><strong>How has NCC performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 11,209 crore in FY22 to Rs 20,944 crore in FY26, a compound annual growth rate of 16.9%. Net profit grew from Rs 494 crore in FY22 to Rs 724 crore in FY26, which works out to a compound annual growth rate of 10.0%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 5,842 crore, while net profit rose 11.9% to Rs 229 crore. The company has a return on equity of 8.6%, a debt to equity ratio of 0.44 and a market capitalisation of Rs 7,550 crore. The stock trades at a P\/E of 10.1, below the industry P\/E of 22.3. Looking ahead, the company holds a sizeable order book across water, buildings and transportation, supported by government infrastructure spending. Wider segments give it many routes to win new projects.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_road_rail_and_building_contractor_stocks\"><\/span><strong>What risks should investors check before buying road, rail and building contractor stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying road, rail and building contractor stocks. Order timing. Government orders can shift between quarters. Working capital. Payments can take time. Input costs. Steel and fuel prices influence margins. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_road_rail_and_building_contractor_stocks_investment_advice\"><\/span><strong>Is this list of road, rail and building contractor stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 22 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are road, rail and building contractor stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Road, rail and building contractor stocks are listed companies that build highways, lay railway lines and construct buildings, irrigation and water projects. Their earnings depend on government spending, order books and execution. This list looks at three of them, H.G. Infra Engineering, IRCON International and NCC, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which road, rail and building contractor stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers H.G. Infra Engineering, IRCON International and NCC. Based on the 22 October 2026 close, H.G. Infra Engineering traded at Rs 390.3, IRCON International at Rs 100.32 and NCC at Rs 120.17. Their return on equity ranges from 8.6% to 9.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 16.9%.\"}},{\"@type\":\"Question\",\"name\":\"Why do road, rail and building contractor stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Road, rail and building contractor stocks have a strong roadmap in India because large government outlays on highways, railways and water keep creating work across the construction chain. The main drivers are as follows. Government outlays. Highway, railway and water budgets stay high. Wider mix. Power, solar and buildings diversify orders. Experienced bidders. A strong record helps win large contracts. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has H.G. Infra Engineering performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 3,759 crore in FY22 to Rs 5,263 crore in FY26, a compound annual growth rate of 8.8%. Net profit for FY26 was Rs 330 crore, a net margin of 6.3%. The company has a return on equity of 9.1%, a debt to equity ratio of 1.54 and a market capitalisation of Rs 2,541 crore. The stock trades at a P\/E of 13.7, below the industry P\/E of 22.3. Looking ahead, the company is widening beyond roads into rail and power, which spreads its order book across segments. A track record of timely delivery helps it win government contracts.\"}},{\"@type\":\"Question\",\"name\":\"How has IRCON International performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 7,586 crore in FY22 to Rs 9,502 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 592 crore, a net margin of 6.2%. In the June 2026 quarter, revenue grew 7.9% year on year to Rs 2,043 crore. The company has a return on equity of 9.0%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 9,800 crore. The stock trades at a P\/E of 18.8, below the industry P\/E of 22.7. Looking ahead, the company benefits from large railway and highway spending by the government and is building a pipeline of new orders. A strong balance sheet and project skills support bids for large works.\"}},{\"@type\":\"Question\",\"name\":\"How has NCC performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 11,209 crore in FY22 to Rs 20,944 crore in FY26, a compound annual growth rate of 16.9%. Net profit grew from Rs 494 crore in FY22 to Rs 724 crore in FY26, which works out to a compound annual growth rate of 10.0%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 5,842 crore, while net profit rose 11.9% to Rs 229 crore. The company has a return on equity of 8.6%, a debt to equity ratio of 0.44 and a market capitalisation of Rs 7,550 crore. The stock trades at a P\/E of 10.1, below the industry P\/E of 22.3. Looking ahead, the company holds a sizeable order book across water, buildings and transportation, supported by government infrastructure spending. Wider segments give it many routes to win new projects.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying road, rail and building contractor stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying road, rail and building contractor stocks. Order timing. Government orders can shift between quarters. Working capital. Payments can take time. Input costs. Steel and fuel prices influence margins. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of road, rail and building contractor stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 22 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Road, Rail and Building Contractor Stocks with a strong future roadmap: H.G. Infra Engineering, IRCON International and NCC. Compare price, valuation, return on equity and revenue growth as of 22 October 2026.<\/p>\n","protected":false},"author":36,"featured_media":325382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,15411,10533,15410,10599,759,15409,11362],"class_list":["post-325383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-civil-construction-company-stocks","tag-h-g-infra-engineering","tag-highway-and-railway-contractor-shares","tag-ircon-international","tag-ncc","tag-rail-and-building-contractor-stocks","tag-road"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["325382"],"rank_math_title":["Road, Rail and Building Contractor Stocks"],"rank_math_description":["Compare 3 road, rail and building contractor stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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