Cemindia Projects Limited
NSE: CEMPROCivil Construction
Share price
₹1,140.80
+0.26% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
63
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹19,394 Cr
P/E ratio
32.2
P/B ratio
8.1
ROCE
32.8%
ROE
27.8%
Dividend yield
0.3%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 8.9% over the past year, and 12.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 7.4% to 10.2% over the last four years.
Whether it grew faster than its sector
It grew 12.7% a year against a sector median of 9.1% — 3.5 percentage points faster.
Room to re-rate, or risk of de-rating
At 32.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 5 companies. It is against its own five-year median of 25.6×, the 85th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.5 times its growth rate, on earnings growth of 68%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Cemindia Projects Limited — this one | 68%/yr | 32.2× | ₹0.47 |
| Larsen & Toubro | 17%/yr | 28.3× | ₹1.7 |
| Rail Vikas Nigam Limited | -13%/yr | 43.4× | — |
| Kalpataru Projects International Limited | 36%/yr | 21.4× | ₹0.60 |
| IRB Infrastructure Developers Limited | 8%/yr | 21.6× | ₹2.7 |
| NBCC (India) Limited | 13%/yr | 29.2× | ₹2.2 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Civil Construction), it ranks 7 of 89 on returns, 35 of 84 on growth, 56 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 32.8% on capital, ahead of 92% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹2198 crore of cash from the business, spent ₹1230 crore on plant and equipment, and returned ₹612 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 216 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 19 days before it paid its own suppliers to waiting 6 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue up 5.6% against a 20-25% full-year target, with the margin at the floor of the guided band
Announced 28 Jul 2026 · Consolidated
Revenue
₹2,721 Cr
Revenue vs last year
+5.6%
Revenue vs last quarter
-8.5%
Net profit
₹141 Cr
Profit vs last year
+2.8%
Profit vs last quarter
-41.8%
Net margin
5.2%
EPS
₹8.20
Earnings call transcript · 29 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹19,394 Cr
- Prev close
- ₹1,140.80
- 52w High
- ₹1,649
- 52w Low
- ₹503
- Enterprise value
- ₹19,646 Cr
- Beta
- 1.2
- Price CAGR 1y
- 38.0%
- Price CAGR 3y
- 72.0%
- Price CAGR 5y
- 67.0%
- Price CAGR 10y
- 23.0%
Ratios
- Return on assets
- 8.4%
- PEG ratio
- 0.5
- P/E ratio
- 32.2
- P/B ratio
- 8.1
- EV / EBITDA
- 20.3
- Industry P/E
- 15.6
- ROCE
- 32.8%
- ROCE 5y average
- 24.2%
- ROE
- 27.8%
- Debt / Equity
- 0.4
- Interest coverage
- 4.8
- Dividend yield
- 0.3%
- ROE 3y average
- 24.0%
- ROE last year
- 28.0%
Annual P&L
- Annual revenue
- ₹10,061 Cr
- Annual profit
- ₹598 Cr
- Operating margin
- 10.0%
- Net profit margin
- 5.9%
- EBITDA margin
- 10.1%
- Sales growth 3y
- 25.5%
- Sales growth 5y
- 29.8%
- Profit growth 3y
- 68.0%
- Profit growth 5y
- 112.0%
- EPS
- ₹34.8
- Sales growth TTM
- 9.0%
- Profit growth TTM
- 47.0%
- Dividend payout
- 9.0%
Quarter P&L
- Sales latest quarter
- ₹2,721 Cr
- Profit latest quarter
- ₹141 Cr
- YoY quarterly sales growth
- 5.6%
- YoY quarterly profit growth
- 2.9%
- OPM latest quarter
- 10.1%
Balance Sheet
- Book Value
- ₹141
- Face Value
- ₹1.0
- Total debt
- ₹1,001 Cr
- Total cash
- ₹949 Cr
- Borrowings
- ₹1,001 Cr
- Reserves / Equity
- 140.1
Cash Flow
- Operating cash flow
- ₹500 Cr
- Free cash flow
- ₹274 Cr
- FCF yield
- 0.3%
- Net cash flow
- ₹110 Cr
Shareholding
- Promoter holding
- 67.5%
- FII holding
- 7.3%
- DII holding
- 2.9%
- Public holding
- 22.4%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro | 3,701.50 | 28.9 | 5,08,883 | 1.03 | 4,988.0 | 14.0 | 67,941.7 | 6.7 | 14.6 |
| Rail Vikas | 195.87 | 45.4 | 40,835 | 0.87 | 159.5 | 18.5 | 4,321.2 | 10.6 | 10.8 |
| Kalpataru Proj. | 1,458.40 | 22.4 | 24,887 | 0.75 | 311.5 | 45.1 | 6,408.0 | 3.8 | 18.3 |
| IRB Infra.Devl. | 17.44 | 21.4 | 21,029 | 0.89 | 306.3 | 51.3 | 2,137.3 | 1.8 | 7.5 |
| NBCC | 76.74 | 30.2 | 20,680 | 1.30 | 158.0 | 17.2 | 2,259.5 | -5.5 | 29.3 |
| Cemindia Project | 1,137.80 | 32.5 | 19,546 | 0.26 | 140.8 | 2.6 | 2,720.9 | 5.6 | 32.8 |
| Engineers India | 308.30 | 22.1 | 17,342 | 1.62 | 157.9 | 141.5 | 819.8 | -5.8 | 30.4 |
| Median | 129.94 | 16.3 | 666 | 0.00 | 10.7 | 17.2 | 175.4 | 11.5 | 15.6 |
Competes with: A B Infrabuild Limited, A2Z Infra Engineering Limited, ATLANTAA LIMITED, Afcons Infrastructure Limited, Ahluwalia Contracts (India) Limited, Akash Infra-Projects Limited, Annu Projects Limited, Ashoka Buildcon Limited, B. L. Kashyap and Sons Limited, BCPL Railway Infrastructure Limited, Banka BioLoo Limited, Bharat Road Network Limited, Brahmaputra Infrastructure Limited, Capacit'e Infraprojects Limited, Ceigall India Limited, Central Mine Planning & Design Institute Limited, Deepak Builders & Engineers India Limited, Dilip Buildcon Limited, Engineers India Limited, G R Infraprojects Limited, GK Energy Limited, GPT Infraprojects Limited, Garuda Construction and Engineering Limited, Gayatri Projects Limited, Globe Civil Projects Limited, H.G. Infra Engineering Limited, HEC Infra Projects Limited, Hazoor Multi Projects Limited, Hindustan Construction Company Limited, IRB Infrastructure Developers Limited, Indian Hume Pipe Company Limited, Interarch Building Solutions Limited, Ircon International Limited, Isgec Heavy Engineering Limited, J.Kumar Infraprojects Limited, KEC International Limited, KNR Constructions Limited, Kalpataru Projects International Limited, Kridhan Infra Limited, LCC Projects Limited, Larsen & Toubro, Likhitha Infrastructure Limited, M & B Engineering Limited, MBL Infrastructure Limited, Madhav Infra Projects Limited, Madhucon Projects Limited, Markolines Pavement Technologies Limited, Mold-Tek Technologies Limited, NBCC (India) Limited, NCC Limited, Navkar Urbanstructure Limited, Niraj Cement Structurals Limited, OM INFRA LIMITED, Om Power Transmission Limited, PNC Infratech Limited, PSP Projects Limited, Patel Engineering Limited, Power Mech Projects Limited, R.P.P. Infra Projects Limited, RITES Limited, RKEC Projects Limited, Rail Vikas Nigam Limited, Ramky Infrastructure Limited, Rudrabhishek Enterprises Limited, SAB Industries Limited, SEPC Limited, SPML Infra Limited, SRM Contractors Limited, Sadbhav Engineering Limited, Sadbhav Infrastructure Project Limited, Semac Construction Limited, Simplex Infrastructures Limited, Solarworld Energy Solutions Limited, Sterling and Wilson Renewable Energy Limited, Supreme Infrastructure India Limited, Swastika Infra Limited, Tarmat Limited, Teamo Productions HQ Limited, Techno Electric & Engineering Company Limited, Twamev Construction and Infrastructure Limited, Udayshivakumar Infra Limited, Univastu India Limited, Vikran Engineering Limited, Vindhya Telelinks Limited, Vishnu Prakash R Punglia Limited, Viviana Power Tech Limited, W S Industries (I) Limited, Welspun Enterprises Limited, Zodiac Energy Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,833 | 1,610 | 2,017 | 2,258 | 2,381 | 1,991 | 2,270 | 2,532 | 2,576 | 2,195 | 2,315 | 2,973 | 2,721 |
| Expenses | 1,671 | 1,452 | 1,812 | 2,037 | 2,160 | 1,809 | 2,063 | 2,277 | 2,336 | 1,993 | 2,094 | 2,616 | 2,446 |
| Material Cost | 929 | 896 | 719 | 717 | 1,021 | 846 | |||||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 184 | 196 | 202 | 238 | 234 | 242 | |||||||
| Other Expenses | 1,107 | 1,217 | 1,051 | 1,139 | 1,360 | 1,358 | |||||||
| Operating Profit | 162 | 158 | 205 | 221 | 221 | 182 | 207 | 255 | 240 | 202 | 222 | 358 | 275 |
| OPM % | 8.82 | 9.82 | 10 | 9.77 | 9.30 | 9.12 | 9.12 | 10 | 9.33 | 9.19 | 9.58 | 12 | 10 |
| Other Income | 13 | 14 | 15 | 22 | 16 | 23 | 10 | 16 | 20 | 41 | 23 | 92 | 10 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 51 | 52 | 58 | 57 | 53 | 57 | 59 | 62 | 50 | 53 | 50 | 61 | 50 |
| Depreciation | 45 | 53 | 56 | 54 | 49 | 47 | 45 | 51 | 41 | 43 | 43 | 39 | 43 |
| Profit before tax | 79 | 68 | 106 | 130 | 135 | 100 | 113 | 157 | 169 | 146 | 152 | 350 | 192 |
| Tax % | 34 | 21 | 26 | 31 | 26 | 28 | 23 | 28 | 19 | 26 | 27 | 31 | 27 |
| Net Profit | 52 | 54 | 79 | 90 | 100 | 72 | 87 | 113 | 137 | 108 | 111 | 242 | 141 |
| EPS in Rs | 3.04 | 3.12 | 4.56 | 5.21 | 5.83 | 4.19 | 5.07 | 6.60 | 7.99 | 6.27 | 6.46 | 14 | 8.20 |
| Diluted EPS in Rs | 6.61 | 7.99 | 6.27 | 6.45 | 14 | 8.20 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 15m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,652 | 2,892 | 2,938 | 2,061 | 3,170 | 2,861 | 2,728 | 3,809 | 5,091 | 7,718 | 9,246 | 10,061 | 10,205 |
| Expenses | 1,561 | 2,700 | 2,726 | 1,796 | 2,843 | 2,523 | 2,515 | 3,516 | 4,691 | 6,973 | 8,386 | 9,045 | 9,149 |
| Material Cost | 3,211 | 3,355 | |||||||||||
| Change in Inventories | 0 | 0 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 698 | 883 | |||||||||||
| Other Expenses | 4,319 | 4,801 | |||||||||||
| Operating Profit | 91 | 192 | 212 | 264 | 327 | 338 | 213 | 293 | 400 | 745 | 860 | 1,016 | 1,056 |
| OPM % | 6 | 7 | 7 | 13 | 10 | 12 | 8 | 8 | 8 | 10 | 9 | 10 | 10 |
| Other Income | 114 | -102 | 23 | 7 | 14 | -10 | 45 | 45 | 63 | 64 | 78 | 183 | 167 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||||
| Interest | 136 | 138 | 89 | 88 | 124 | 130 | 138 | 142 | 165 | 218 | 236 | 215 | 215 |
| Depreciation | 43 | 37 | 46 | 58 | 82 | 137 | 100 | 103 | 114 | 208 | 194 | 166 | 167 |
| Profit before tax | 27 | -85 | 99 | 126 | 134 | 60 | 20 | 94 | 184 | 383 | 508 | 818 | 841 |
| Tax % | 28 | -30 | 48 | 42 | 38 | 27 | 20 | 26 | 32 | 28 | 27 | 27 | |
| Net Profit | 19 | -59 | 51 | 73 | 83 | 44 | 16 | 69 | 125 | 274 | 373 | 598 | 602 |
| EPS in Rs | 1.25 | -3.82 | 3.28 | 4.69 | 4.77 | 2.51 | 0.92 | 4.01 | 7.23 | 16 | 22 | 35 | 35 |
| Diluted EPS in Rs | 22 | 35 | |||||||||||
| Dividend Payout % | 0 | 0 | 9 | 9 | 8 | 12 | 13 | 11 | 10 | 11 | 9 | 9 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 13%
- 5 years
- 30%
- 3 years
- 25%
- TTM
- 9%
Compounded profit growth
- 10 years
- 27%
- 5 years
- 112%
- 3 years
- 68%
- TTM
- 47%
Stock price CAGR
- 10 years
- 23%
- 5 years
- 67%
- 3 years
- 72%
- 1 year
- 38%
Return on equity
- 10 years
- 15%
- 5 years
- 19%
- 3 years
- 24%
- Last year
- 28%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 552 | 493 | 536 | 602 | 1,004 | 1,035 | 1,049 | 1,114 | 1,220 | 1,477 | 1,816 | 2,382 |
| Borrowings | 765 | 601 | 356 | 489 | 532 | 539 | 458 | 560 | 766 | 889 | 993 | 1,001 |
| Other Liabilities | 862 | 1,336 | 973 | 1,282 | 1,044 | 1,533 | 1,669 | 1,925 | 3,013 | 3,534 | 3,026 | 3,686 |
| Minority Interest | 4.96 | |||||||||||
| Total Liabilities | 2,195 | 2,445 | 1,881 | 2,388 | 2,597 | 3,125 | 3,192 | 3,616 | 5,017 | 5,917 | 5,852 | 7,086 |
| Fixed Assets | 335 | 349 | 385 | 462 | 529 | 624 | 601 | 655 | 847 | 1,081 | 1,077 | 1,168 |
| CWIP | 3 | 3 | 6 | 38 | 7 | 5 | 53 | 2 | 117 | 10 | 21 | 22 |
| Investments | 0 | 0 | 1 | 1 | 1 | 255 | 194 | 113 | 45 | 5 | 0 | 0 |
| Other Assets | 1,856 | 2,093 | 1,489 | 1,887 | 2,060 | 2,241 | 2,344 | 2,847 | 4,007 | 4,821 | 4,753 | 5,897 |
| Total Assets | 2,195 | 2,445 | 1,881 | 2,388 | 2,597 | 3,125 | 3,192 | 3,616 | 5,017 | 5,917 | 5,852 | 7,086 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 44 | 465 | 326 | 68 | -134 | 447 | 191 | 339 | 471 | 704 | 184 | 500 |
| Cash from Investing Activity | -38 | -104 | -20 | -157 | -133 | -87 | -51 | -25 | -438 | -419 | -233 | -147 |
| Cash from Financing Activity | -4 | -302 | -222 | 40 | 244 | -212 | -250 | -56 | 28 | -123 | -218 | -243 |
| Net Cash Flow | 1 | 59 | 83 | -49 | -24 | 147 | -110 | 258 | 61 | 162 | -267 | 110 |
| Free Cash Flow | -2 | 419 | 231 | -103 | -259 | 354 | 80 | 244 | 69 | 369 | 12 | 274 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 39 | 27 | 42 | 50 | 75 | 71 | 60 | 77 | 57 | 39 | 47 |
| Inventory Days | 641 | 530 | 61 | 92 | 75 | 99 | 144 | 118 | 119 | 86 | 73 | 82 |
| Days Payable | 236 | 340 | 340 | 363 | 171 | 225 | 311 | 276 | 275 | 179 | 232 | 238 |
| Cash Conversion Cycle | 496 | 229 | -252 | -229 | -45 | -51 | -96 | -99 | -78 | -36 | -120 | -110 |
| Working Capital Days | 8 | -34 | -36 | -38 | 32 | -21 | 2 | -19 | -35 | -26 | -8 | 6 |
| ROCE % | 5 | 14 | 19 | 24 | 20 | 15 | 10 | 14 | 19 | 27 | 28 | 33 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
968cr
2026-06-30
net debt as the company states it (net cash negative)
700inr_cr
2026-06-30
order book, Rs crore
31,307inr_cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
3,13,23,251inr
2026-03-31
News
News and filings about Cemindia Projects Limited. Open one to see why it matters.
24 Sept, 18:44 IST · Company event · low impact
Cemindia Projects Limited: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- A B Infrabuild Limited
- A2Z Infra Engineering Limited
- ATLANTAA LIMITED
- Afcons Infrastructure Limited
- Ahluwalia Contracts (India) Limited
- Akash Infra-Projects Limited
- Annu Projects Limited
- Ashoka Buildcon Limited
- B. L. Kashyap and Sons Limited
- BCPL Railway Infrastructure Limited
- Banka BioLoo Limited
- Bharat Road Network Limited
- Brahmaputra Infrastructure Limited
- Capacit'e Infraprojects Limited
- Ceigall India Limited
- Central Mine Planning & Design Institute Limited
- Deepak Builders & Engineers India Limited
- Dilip Buildcon Limited
- Engineers India Limited
- G R Infraprojects Limited
- GK Energy Limited
- GPT Infraprojects Limited
- Garuda Construction and Engineering Limited
- Gayatri Projects Limited
- Globe Civil Projects Limited
- H.G. Infra Engineering Limited
- HEC Infra Projects Limited
- Hazoor Multi Projects Limited
- Hindustan Construction Company Limited
- IRB Infrastructure Developers Limited
Uses as raw material
- Cement (OPC / PSC) and concrete admixtures
- Coarse aggregates, sand, manufactured sand (M-sand), stone dust and GSB
- Fly ash and ground granulated blast furnace slag (GGBS) as cement substitutes
- Structural steel, steel piles, ISMB sections and TMT rebars
Depends on the price of
- cement
- diesel
- steel
Sells to
- Adani Enterprises · Data centre (Rs 1,400-1,500cr) and airport (Jaipur, Trivandrum ~Rs 1,300cr) EPC for Adani…
- Adani Ports & SEZ · Vadhvan Port marine/maritime EPC (first contract secured); part of ~25-26% of order book f…
- Indian Oil Corporation · Captive POL/LPG marine jetty and maritime infrastructure (Tamil Nadu)
- Ircon International Limited · Railway tunnel construction
- JSW Steel · Piling and civil works for industrial facilities (JSW Group)
- Petronet LNG · EPC of Marine Facilities for Third Berth (Jetty) & additional works, LNG Terminal, Dahej
- Rail Vikas Nigam Limited · Foundation/specialist engineering and rail infrastructure works
Buys from
- Crown Lifters Limited · Crane rental for cement and industrial EPC projects
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Construction
- Industry
- Civil Construction
- Classification
- Construction › Civil Construction
- ISIN
- INE686A01026
News impact
Big market events that reach Cemindia Projects Limited, and how the effect spreads.
20 Aug, 04:23 IST · Market event · medium impact
Cabinet clears five rail and highway projects worth Rs 13,041 crore
The government approved Rs 13,041 crore of new railway and highway projects, which over the next two to three years becomes order flow for construction companies, cement makers and equipment suppliers.
Who it hits first
- Railway project executors, most directly Rail Vikas Nigam and Ircon, gain pipeline for the rail packages.
- Road contractors gain pipeline for the highway packages.
- Government project management consultants such as NBCC gain fee-earning appointments.
- The effect is spread across many bidders, so no single company sees a step change from Rs 13,041 crore.
Who may gain
- Larsen & Toubro, which typically wins the largest packages in central infrastructure tenders.
- Mid-cap contractors with above-sector returns such as ABInfra, which convert incremental orders into profit better than low-return peers.
- Cement and steel suppliers further down the chain, because rail and road work is materials-heavy.
Along the supply chain
Downstream
The downstream customer is the government itself - the Ministry of Railways and the National Highways Authority - which means payment terms and execution pace are set by government cash release rather than by market demand. Once built, the finished corridors lower freight and logistics costs for manufacturers using those routes.
Upstream
Rail and road construction pulls on cement, steel rebar, aggregates and bitumen, so cement and long-steel producers see incremental volume once execution starts. Construction equipment hire and heavy machinery suppliers are drawn on at the same stage.
Where demand moves
Business
Approved projects become tenders, tenders become orders, and orders become purchases of cement, steel, aggregates and construction equipment. The demand created is real but arrives with a lag of two to four quarters, and it is shared among many bidders rather than concentrated. Contractors with weak balance sheets - Afcons, HCC and SEPC all carry heavy promoter pledging - cannot fund the working capital a new order needs, so the demand effectively concentrates in the financially stronger names.
Capital
Infrastructure approvals reliably draw retail and momentum money into railway and road construction stocks on the day. Because Rs 13,041 crore is routine in size, that flow tends to fade within days unless it is followed by actual tender awards. Institutional money is more selective, favouring the stronger balance sheets over the highest-beta names.
How it spreads across sectors
Capital Goods
Demand for construction equipment, signalling and electrification systems.
Construction
Incremental order pipeline for rail and road contractors over two to three years.
Construction Materials
Cement, steel and aggregate volumes once execution begins.
Commodity angle
Cc skip reason
no_commodity_link
A pattern seen before
Cascade chain
- Cabinet approves Rs 13,041 crore of rail and road projects
- Tenders float over the following months
- Contractors book orders
- Cement, steel and equipment volumes follow execution
Pattern name
Govt Capex Cascade
Sectors queried
- Construction
- Capital Goods
- Construction Materials
When it plays out
Immediate
Railway and road construction stocks typically see a day-one bid on approval headlines; expect that to fade quickly given the routine size.
Medium term
Revenue recognition begins roughly two to four quarters after award. The names that benefit are the ones that can fund working capital, which excludes the heavily pledged contractors here.
Short term
Watch for the actual tenders being floated and for which contractors are shortlisted - that is when the order-book effect becomes real.
27 Jun, 19:54 IST · Market event · low impact
Veligonda Irrigation Project: AP CM Naidu disburses ₹300 crore under R&R package
Who it hits first
- AP government released ₹300cr of a ₹980cr GoI-sanctioned R&R (Resettlement & Rehabilitation) package for the Veligonda irrigation project — this is compensation to displaced families, not a fresh construction-contract award.
- The project's prime EPC contractor (Megha Engineering, unlisted) is the direct beneficiary of execution continuity; no listed company has material order-book exposure to this specific disbursement.
- Net effect on listed equities is marginal/sentiment-level positive for AP-exposed irrigation, construction and cement names.
Who may gain
- AP-exposed construction/EPC contractors (e.g. HCC as a genuine irrigation-civil player, NBCC PSU) via order-pipeline continuity
- Regional cement supply (UltraTech's Jaggayyapeta & Tadipatri AP plants) and capital-goods pump/electrical makers (ABB) as second-order input suppliers
- Long-run: agriculture in the ~4.5 lakh-acre Prakasam/Nellore command area once irrigation is operational
Along the supply chain
Downstream
Completed Veligonda irrigation supplies water to ~4.5 lakh acres in drought-prone Prakasam and Nellore districts — downstream beneficiaries are agriculture and agri-input demand in the command area, a real-economy multi-year effect with no near-term listed-equity supply-chain linkage.
Upstream
Irrigation EPC pulls cement, steel/TMT bars and pumps/electrical equipment. AP cement capacity (UltraTech Jaggayyapeta & Tadipatri) and capital-goods pump/valve/motor makers (ABB) are the upstream suppliers that would see incremental, low-magnitude demand if Veligonda execution accelerates.
Where demand moves
Business
Sustained AP irrigation capex (₹980cr R&R sanctioned, ₹300cr now released) keeps Veligonda execution alive, preserving the order pipeline for EPC contractors and their input suppliers (cement, steel/TMT, pumps & electricals). Because the prime contractor Megha Engineering is unlisted, listed-market spillover is indirect — to AP-exposed mid-cap construction names and regional cement capacity rather than to any single pure-play.
Capital
Marginally supportive of the government-capex / irrigation construction theme, but at ₹300cr the disbursement is far too small to drive sector rotation. Any incremental flow benefit accrues to liquid, well-capitalised infra/EPC names (NBCC, RVNL) and high-quality construction (CEMPRO) over weak high-pledge mid-caps (HCC, AFCONS, SIMPLEXINF).
How it spreads across sectors
Agriculture
Long-term positive — irrigation command area raises cropping intensity (real economy, not near-term equity)
Capital Goods
Marginal positive — pumps/electricals/motors for irrigation works
Cement
Marginal positive — incremental regional demand for AP plants (UltraTech)
Construction
Marginal positive — order-pipeline continuity for AP-exposed EPC contractors
A pattern seen before
Cascade chain
- State irrigation capex disbursement → EPC execution continuity
- → cement / steel / pumps & electricals input demand
- → long-run agricultural productivity in command area
Pattern name
Govt Capex Cascade
Sectors queried
- Infrastructure
- Construction
- Construction Materials
- Cement
- Capital Goods
When it plays out
Immediate
Negligible price reaction expected — an R&R compensation disbursement is routine and ₹300cr is immaterial to listed names; no tradable catalyst.
Medium term
Continued AP irrigation/infra capex (Veligonda, Polavaram, Amaravati) underpins a multi-year order pipeline for AP-exposed construction and regional cement, but execution and balance-sheet quality (pledge, leverage) gate which names actually benefit.
Short term
Watch for actual Veligonda construction-contract awards or milestone payments, which (unlike R&R compensation) would be the real order-book catalyst for listed EPC/cement names.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 12 Jun 2026 | unspecified | ₹3 |
|---|---|---|
| 31 Jul 2025 | unspecified | ₹2 |
| 21 Aug 2024 | unspecified | ₹1.7 |
| 21 Aug 2023 | unspecified | ₹0.75 |
| 14 Sep 2022 | unspecified | ₹0.45 |
| 14 Sep 2021 | unspecified | ₹0.12 |
| 15 Sep 2020 | unspecified | ₹0.3 |
| 31 Jul 2019 | unspecified | ₹0.4 |
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
- nse-rename-history fill: 2401 NSE bars before cutoff, ISIN INE686A01026@2016-01-01, symbols ITDCEM (docs/nse_rename_history.md)1× · 10 Sep 2025
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 4 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 13,42,537 | ₹914.87 |
| 4 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 13,42,537 | ₹915.31 |
| 4 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 11,36,494 | ₹904.02 |
| 4 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 11,32,712 | ₹904.53 |
| 4 May 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 10,83,526 | ₹913.89 |
| 4 May 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 10,83,406 | ₹914.06 |
| 4 May 2026 | QE SECURITIES LLP | BUY | 8,88,926 | ₹903.88 |
| 4 May 2026 | QE SECURITIES LLP | SELL | 8,72,811 | ₹901.04 |
| 30 Apr 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 13,45,777 | ₹784.84 |
| 30 Apr 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 13,44,963 | ₹784.36 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2729 Jul 2026
- Results presentation30 Jun 2026
- Annual report · 2025-2629 May 2026
- Earnings call · Q4FY2630 Apr 2026
- Earnings call · Q3FY265 Feb 2026
- Earnings call · Q2FY2631 Oct 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.