October 2026
Largest ConstructionTech Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Grasim Industries, Pidilite, Kalpataru Projects International, ACC and Cemindia Projects.
 | Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports. | $31 | -6% | $21B | $48B | 2.6x | 18.2x | ||
| Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India. | $16 | -4% | $16B | $16B | 10.2x | 39.5x | ||
| Kalpataru Projects International builds power transmission lines, railways, oil and gas pipelines, buildings and water projects in India and overseas. Customers are utilities, governments and industrial clients. It is one of India's larger engineering and construction firms. Headquartered in Mumbai. | $14 | -5% | $2.3B | $2.5B | 0.9x | 10.2x | ||
| ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the products: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India. | $12 | -42% | $2.3B | $2.3B | 0.9x | 7.1x | ||
| Cemindia Projects, formerly ITD Cementation India, builds marine, industrial, hydro power, and urban infrastructure projects. Customers include ports, governments and industry. It is part of the Cem group. Headquartered in Mumbai. | $12 | +32% | $2.1B | $2.1B | 2.0x | 19.5x | ||
| LCC Projects is an engineering, procurement and construction company working on roads, bridges, water and other infrastructure. Its customers are mostly government agencies and public sector bodies. It is headquartered in Ahmedabad. | $1 | -- | $366M | $409M | 1.1x | 8.1x | ||
| J Kumar Infraprojects builds metros, flyovers, bridges, tunnels and water projects, mostly in the Mumbai region and other large cities. Its customers are government agencies and public sector authorities. It is headquartered in Mumbai. | $4 | -41% | $335M | $377M | 0.6x | 4.9x | ||
| Provider of pre-engineered steel buildings and structures for factories, warehouses, data centres and logistics parks, handling design, fabrication and erection. Customers are industrial and infrastructure developers across India and overseas. Based in Noida. | $16 | -34% | $264M | $256M | 1.3x | 13.4x | ||
| Simplex Infrastructures is a civil construction contractor working on foundations, buildings, ports, power, rail and roads. Its customers are government bodies and private developers. It is headquartered in Kolkata. | $3 | -14% | $208M | $376M | 3.5x | 54.7x | ||
| Median | $12 | -10% | $2.1B | $2.1B | 1.3x | 13.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.