Infrastructure is the backbone of the global economy. With a steadily rising population, the economy needs a massive amount of spending on constructing new infrastructure and rebuilding the aging assets to meet the needs.
When investing in infrastructure companies, look out for companies with low debt and solid return on equity (ROE). Those infra companies will stand out even in turbulent times. Here's a list of best infrastructure stocks in India...
| Company | CMP (Rs) | Total Debt (Curr FY, Rs m) | Debt/EBITDA | D/E (Curr FY, x) | RoCE (Latest, %) | RoE (Latest, %) | P/BV (x) | P/E (x) |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA | 6,343.0 | 0 | 0.0 | 0.0 | 28.2% | 21.0% | 22.5 | 107.7 |
| SIEMENS | 5,669.8 | 0 | 0.0 | 0.0 | 20.6% | 15.0% | 14.9 | 100.7 |
| RHETAN TMT | 9.4 | 178 | 2.2 | 0.2 | 9.3% | 6.4% | 9.3 | NM |
| PSP PROJECTS | 694.6 | 1,450 | 0.6 | 0.2 | 25.6% | 16.8% | 2.8 | 16.0 |
| GE POWER INDIA | 356.9 | 2,916 | 0.0 | 1.3 | -105.3% | NM | 70.9 | NM |
| CUMMINS INDIA | 3,244.7 | 3,500 | 0.3 | 0.1 | 27.9% | 21.3% | 13.4 | 69.1 |
| THERMAX | 4,435.4 | 8,105 | 1.4 | 0.2 | 14.9% | 11.7% | 12.8 | 86.3 |
| H.G.INFRA ENGINEERING | 1,058.4 | 19,068 | 2.1 | 1.0 | 24.0% | 25.7% | 3.0 | 13.3 |
| KIRLOSKAR OIL | 952.9 | 32,304 | 4.4 | 1.4 | 16.1% | 14.5% | 5.3 | 37.3 |
| TATA POWER | 428.4 | 489,744 | 6.4 | 1.7 | 16.5% | 13.2% | 4.4 | 43.7 |
| L&T | 3,635.0 | 1,185,134 | 4.9 | 1.3 | 17.9% | 14.2% | 6.1 | 33.3 |
* We show NM where the values are negative
Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.
Equitymaster's powerful BSE/NSE Stock Screener allows you to screen stocks based on both pre-set and your own criteria.