Order book vs market cap
31 companies disclose an order book — 2 carry more backlog than market value
Order book over market cap: how many rupees of signed-but-unbilled work sit behind each rupee the market pays today. Above 1× the backlog alone is worth more than the company. The growth column reads the book against the same period a year earlier, so a small book that is compounding shows too. Context, not a buy list: a backlog is not revenue until it is executed, and a book can run over several years.
Transrail Lighting Limited
TRANSRAILL · Capital Goods
Order book
₹15,635 cr
Q1 FY27 · Firm unexecuted order book, excluding L1
Book / mcap
2.4×
Book growth
+7%
YoY
Market cap
₹6,484 cr
14 Oct
Bondada Engineering Limited
BONDADA · Construction
Order book
₹7,147 cr
Q4 FY26 · Closing order book
Book / mcap
2.2×
Book growth
+42%
YoY
Market cap
₹3,317 cr
19 Oct
Waaree Energies Limited
WAAREEENER · Capital Goods
Order book
₹61,500 cr
Q1 FY27 · Order book
Book / mcap
0.85×
Book growth
+16%
vs FY26
Market cap
₹72,593 cr
16 Oct
Interarch Building Solutions Limited
INTERARCH · Construction
Order book
₹1,864 cr
Q1 FY27 · Order book on the deck date
Book / mcap
0.71×
Book growth
+10%
YoY
Market cap
₹2,642 cr
19 Oct
HFCL Limited
HFCL · Capital Goods
Order book
₹28,911 cr
Q2 FY27 · Order book
Book / mcap
0.70×
Book growth
+190%
YoY
Market cap
₹41,154 cr
19 Oct
Advait Energy Transitions Limited
ADVAIT · Capital Goods
Order book
₹1,330 cr
Q1 FY27 · Order book incl. L1
Book / mcap
0.68×
Book growth
+97%
YoY
Market cap
₹1,949 cr
19 Oct
Dee Development Engineers Limited
DEEDEV · Capital Goods
Order book
₹2,428 cr
Q1 FY27 · Closing order book at quarter-end
Book / mcap
0.60×
Book growth
+25%
vs Q4 FY26
Market cap
₹4,040 cr
19 Oct
OBSC Perfection Limited
OBSCP · Automobile and Auto Components
Order book
₹1,200 cr
FY26 · Total order book
Book / mcap
0.59×
Book growth
+66%
YoY
Market cap
₹2,024 cr
19 Oct
LUMAX INDUSTRIES LIMITED
LUMAXIND · Automobile and Auto Components
Order book
₹2,500 cr
Q1 FY27 · Order book
Book / mcap
0.49×
Book growth
+32%
YoY
Market cap
₹5,107 cr
19 Oct
Sona BLW Precision Forgings Ltd.
SONACOMS · Automobile and Auto Components
Order book
₹22,000 cr
Q1 FY27 · Automotive net order book
Book / mcap
0.44×
Book growth
−13%
YoY
Market cap
₹50,068 cr
19 Oct
Omnitech Engineering Limited
OMNI · Capital Goods
Order book
₹3,033 cr
FY26 · Order book
Book / mcap
0.41×
Book growth
+969%
YoY
Market cap
₹7,470 cr
19 Oct
Sterlite Technologies Limited
STLTECH · Capital Goods
Order book
₹18,618 cr
Q1 FY27 · Open order book at quarter-end
Book / mcap
0.40×
Book growth
+281%
YoY
Market cap
₹46,430 cr
19 Oct
SoftTech Engineers Limited
SOFTTECH · Information Technology
Order book
₹232 cr
Q4 FY26 · Order book
Book / mcap
0.36×
Book growth
−4%
vs Q3 FY26
Market cap
₹637 cr
19 Oct
Macpower CNC Machines Limited
MACPOWER · Capital Goods
Order book
₹456 cr
Q1 FY27 · Order book
Book / mcap
0.25×
Book growth
+32%
YoY
Market cap
₹1,836 cr
16 Oct
Kanohar Electricals Limited
KANOHAR · Capital Goods
Order book
₹2,026 cr
Q1 FY27 · Order book
Book / mcap
0.24×
Book growth
+11%
vs Q4 FY26
Market cap
₹8,362 cr
16 Oct
MTAR Technologies Limited
MTARTECH · Capital Goods
Order book
₹5,143 cr
Q1 FY27 · Closing order book
Book / mcap
0.24×
Book growth
+99%
vs FY26
Market cap
₹21,378 cr
19 Oct
Shree Refrigerations Limited
SHREEREF · Capital Goods
Order book
₹271 cr
FY26 · Order book value
Book / mcap
0.24×
Book growth
+26%
YoY
Market cap
₹1,135 cr
19 Oct
Atlanta Electricals Limited
ATLANTAELE · Capital Goods
Order book
₹3,117 cr
Q1 FY27 · Order book
Book / mcap
0.24×
Book growth
+97%
YoY
Market cap
₹13,183 cr
15 Oct
Syrma SGS Technology Limited
SYRMA · Capital Goods
Order book
₹6,770 cr
Q1 FY27 · Order book
Book / mcap
0.22×
Book growth
+25%
YoY
Market cap
₹30,222 cr
19 Oct
Yash Highvoltage Limited
YASHHVOLT · Capital Goods
Order book
₹760 cr
Q2 FY27 · Order book
Book / mcap
0.22×
Book growth
+204%
YoY
Market cap
₹3,435 cr
21 Oct
Diamond Power Infrastructure Limited
DIACABS · Capital Goods
Order book
₹3,688 cr
Q1 FY27 · Outstanding order book
Book / mcap
0.18×
Book growth
+44%
YoY
Market cap
₹20,684 cr
19 Oct
Avalon Technologies Limited
AVALON · Capital Goods
Order book
₹2,208 cr
Q1 FY27 · Order book, executable over ~14 months
Book / mcap
0.16×
Book growth
+23%
YoY
Market cap
₹13,541 cr
16 Oct
Venus Pipes & Tubes Limited
VENUSPIPES · Capital Goods
Order book
₹600 cr
Q1 FY27 · Order book
Book / mcap
0.16×
Book growth
+7%
YoY
Market cap
₹3,810 cr
19 Oct
Centum Electronics Limited
CENTUM · Capital Goods
Order book
₹925 cr
Q1 FY27 · BTS order book
Book / mcap
0.16×
Book growth
+42%
YoY
Market cap
₹5,922 cr
19 Oct
Aimtron Electronics Limited
AIMTRON · Capital Goods
Order book
₹521 cr
FY26 · India standalone open order book at fiscal year end
Book / mcap
0.14×
Book growth
+176%
YoY
Market cap
₹3,619 cr
19 Oct
Quality Power Electrical Equipments Limited
QPOWER · Capital Goods
Order book
₹1,400 cr
Q4 FY26 · Order book
Book / mcap
0.13×
Book growth
+87%
YoY
Market cap
₹11,121 cr
19 Oct
Lumax Auto Technologies Limited
LUMAXTECH · Automobile and Auto Components
Order book
₹1,601 cr
Q1 FY27 · Order book
Book / mcap
0.12×
Book growth
+7%
YoY
Market cap
₹13,209 cr
19 Oct
TD Power Systems Limited
TDPOWERSYS · Capital Goods
Order book
₹2,207 cr
Q1 FY27 · Order Book
Book / mcap
0.09×
Book growth
+50%
YoY
Market cap
₹23,647 cr
19 Oct
Netweb Technologies India Limited
NETWEB · Information Technology
Order book
₹2,507 cr
Q1 FY27 · Order book, blended total
Book / mcap
0.09×
Book growth
+990%
YoY
Market cap
₹27,493 cr
19 Oct
Knowledge Marine & Engineering Works Limited
KMEW · Services
Order book
₹240 cr
Q1 FY27 · Dredging order book
Book / mcap
0.03×
Book growth
−31%
vs Q4 FY26
Market cap
₹8,518 cr
19 Oct
Time Technoplast Limited
TIMETECHNO · Capital Goods
Order book
₹185 cr
Q1 FY27 · CNG cascades order book
Book / mcap
0.02×
Book growth
+6%
YoY
Market cap
₹8,700 cr
16 Oct
- Order book: the level the company last disclosed, as its Key Variables card tracks it. Where a company reports only one segment’s book, that segment is named under the figure. Market cap: Screener, on the Valuation Check’s pricing date.
- Growth reads “YoY” against the same period a year earlier; where no such point exists it reads against the previous disclosure, named.
- 4 companies are held back: priced more than 10 days ago, so the market cap is out of date.
- Latest pricing 21 Oct 2026.