Infrastructure is a critical driver of India’s ambition to become a $26 trillion economy. Investments in building and modernising physical infrastructure, aligned with ease of doing business reforms, are essential for enhancing efficiency and lowering operational costs.
To achieve the $5 trillion economy target by 2025, India must accelerate infrastructure development. In the Union Budget 2025-26, the government raised the capital investment outlay for infrastructure to Rs. 11.21 lakh crore, representing 3.1 percent of GDP.
The infrastructure sector is poised for strong growth, with planned investments of around $1.4 trillion by 2025. Under the National Infrastructure Pipeline (NIP), substantial capital is being directed toward critical sectors, including energy, roads, railways, and urban development.
As part of this vision, the government is also working on expanding the national highway network to 200,000 kilometres by 2025, significantly improving connectivity and logistics efficiency across the country.
Here are a few infra stocks that are currently trading at a discount of up to 46 percent from their 52-week highs to add to your watchlist:
Patel Engineering Limited
With a market cap of Rs. 3,132.6 crores, the stock closed at Rs. 37.1 on Friday. The stock hit its 52-week high at Rs. 62.8 on 16th September 2024, and compared to the Friday’s closing price, the stock is trading at a discount of nearly 41 percent.
On the financial front, the company’s revenue from operations improved by around 12 percent YoY to Rs. 1,233 crores, along with an increase in the net profit by nearly 47 percent YoY to Rs. 81 crores in Q1 FY26.
Patel Engineering Limited is engaged in providing the entire range of civil engineering services involved in the design, construction of power houses, hydroelectric projects, commercial buildings, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and overseas.
As of Q1 FY26, the company holds a strong order book of Rs. 16,285.4 crore, reflecting a CAGR of 7.75 percent since FY19 (Rs. 10,215 crore) and providing solid earnings visibility.
H.G. Infra Engineering Limited
With a market cap of Rs. 6,343 crores, the stock closed at Rs. 973.3 on Friday. The stock hit its 52-week high at Rs. 1,644.15 on 16th September 2024, and compared to the Friday’s closing price, the stock is trading at a discount of nearly 41 percent.
On the financial front, the company’s revenue from operations declined marginally by around 3 percent YoY to Rs. 1,482 crores, along with a decrease in the net profit by nearly 39 percent YoY to Rs. 99 crores in Q1 FY26.
H.G. Infra Engineering Limited is engaged in the business of Engineering, Procurement and Construction (EPC), and Operation and Maintenance (O&M) of roads, highways, railway lines and stations, bridges, flyovers, BESS, transmission & distribution, solar powered plants and other infrastructure contract works. As of Q1 FY26, the company holds a strong order book of Rs. 14,656.3 crores.
Ashoka Buildcon Limited
With a market cap of Rs. 4,856.5 crores, the stock closed at Rs. 173 on Friday. The stock hit its 52-week high at Rs. 319 on 31st December 2024, and compared to the Friday’s closing price, the stock is trading at a discount of nearly 46 percent.
On the financial front, the company’s revenue from operations declined by around 23 percent YoY to Rs. 1,887 crores, but witnessed a significant increase in the net profit by nearly 44 percent YoY to Rs. 227 crores in Q1 FY26.
Ashoka Buildcon Limited is presently engaged in the business of construction of infrastructure facilities on EPC and Built, Operate and Transfer (BOT) basis, and the sale of Ready Mix Concrete. As of June 2025, the company’s order book stood at Rs. 15,886 crores, up from Rs. 10,356 crores reported in June 2024.
Bondada Engineering Limited
With a market cap of Rs. 4,399 crores, the stock closed at Rs. 394.2 on Friday. The stock hit its 52-week high at Rs. 723.45 on 2nd September 2024, and compared to the Friday’s closing price, the stock is trading at a discount of nearly 45 percent.
On the financial front, the company’s revenue from operations improved by around 116 percent YoY to Rs. 1,091 crores, along with reporting an impressive rise in the net profit by nearly 155 percent YoY to Rs. 79 crores in H2 FY25.
Bondada Engineering Limited is engaged in the business of providing engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.
The company provides passive telecom infrastructure services which include turnkey services for cell site construction, erection, operation and maintenance of telecom towers with civil, electrical, and mechanical works; supply of poles and towers, laying and maintenance of optical fibre cables, supply of power equipment, and other telecom infrastructure-related services to major telecom companies and telecom tower operators in India.
As of March 2025, the company reported an order book of Rs. 5,044 crores, with Renewable Energy contributing Rs. 3,589 crores, Telecom contributing Rs. 1,091 crores, Indian Railways contributing Rs. 228 crores, and other Products segment contributing Rs. 136 crores.
KNR Constructions
With a market cap of Rs. 5,416.5 crores, the stock closed at Rs. 192.6 on Friday. The stock hit its 52-week high at Rs. 360.3 on 6th September 2024, and compared to the Friday’s closing price, the stock is trading at a discount of nearly 46 percent.
On the financial front, the company’s revenue from operations declined by around 38 percent YoY to Rs. 613 crores, along with a decrease in the net profit by nearly 26 percent YoY to Rs. 123 crores in Q1 FY26.
KNR Constructions Limited is engaged in the business of the infrastructure sector, primarily in the business of construction of roads, bridges, flyovers and irrigation projects. The company undertakes turnkey EPC contracts and BOT & HAM projects on a public-private partnership basis.
As of June 2025, the company has an order book of Rs. 8,305 crores, with Mining accounting for 43 percent, Roads (HAM) 21 percent, Irrigation 17 percent, Pipeline 13 percent, and Roads (Others) 6 percent.
Written by Shivani Singh
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