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Prices as of 8 Oct 2026 close · Not investment advice

Niraj Cement Structurals Limited

NSE: NIRAJCivil Construction

Share price

₹27.32

-0.73% close of 8 Oct 2026

Market cap ₹164 CrP/E 6.6

Business score

How strong the business is, in one number. The parts behind it are in Pro.

58

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹164 Cr

P/E ratio

6.6

P/B ratio

0.6

ROCE

10.7%

ROE

8.2%

Dividend yield

0.0%

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.

Prices as of 8 Oct 2026 close52-week high ₹44.0752-week low ₹20.73

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2014 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2014 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 6.6× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 22.6×, across 5 companies. It is against its own five-year median of 21.7×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 43%.

Profit growthPrice per ₹1 profitPer 1% growth
Niraj Cement Structurals Limited — this one43%/yr6.6×₹0.15
Engineers India Limited26%/yr20.7×₹0.80
Central Mine Planning & Design Institute Limited27%/yr22.6×₹0.84
Techno Electric & Engineering Company Limited36%/yr25.2×₹0.70
Welspun Enterprises Limited12%/yr28.1×₹2.3
Ircon International Limited-12%/yr18.5×—

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 56 of 89 on returns, 50 of 84 on growth, 78 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?

No durable advantage shows in the numbers: it earns 10.7% on capital, ahead of 37% 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

No — Over the last five years the business itself consumed ₹135 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 6 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 98 days for its cash to waiting 113 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹105 Cr

Revenue vs last year

+10.6%

Revenue vs last quarter

-23.1%

Net profit

₹4 Cr

Profit vs last year

+256.6%

Profit vs last quarter

-36.9%

Net margin

3.4%

EPS

₹0.60

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
₹164 Cr
Prev close
₹27.32
52w High
₹45.5
52w Low
₹20.1
Enterprise value
₹208 Cr
Beta
1.3
Price CAGR 1y
-38.0%
Price CAGR 3y
-9.0%
Price CAGR 5y
-6.0%
Price CAGR 10y
10.0%

Ratios

Return on assets
4.5%
PEG ratio
0.2
P/E ratio
6.6
P/B ratio
0.6
EV / EBITDA
9.7
Industry P/E
15.6
ROCE
10.7%
ROCE 5y average
8.6%
ROE
8.2%
Debt / Equity
0.3
Interest coverage
10.7
Dividend yield
0.0%
ROE 3y average
8.0%
ROE last year
8.0%

Annual P&L

Annual revenue
₹542 Cr
Annual profit
₹21 Cr
Operating margin
3.6%
Net profit margin
3.9%
EBITDA margin
3.5%
Sales growth 3y
-3.7%
Sales growth 5y
25.4%
Profit growth 3y
43.0%
Profit growth 5y
62.0%
EPS
₹3.5
Sales growth TTM
6.0%
Profit growth TTM
54.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹105 Cr
Profit latest quarter
₹4 Cr
YoY quarterly sales growth
10.6%
YoY quarterly profit growth
257.0%
OPM latest quarter
1.1%

Balance Sheet

Book Value
₹44.3
Face Value
₹10.0
Total debt
₹76 Cr
Total cash
₹32 Cr
Borrowings
₹76 Cr
Reserves / Equity
3.4

Cash Flow

Operating cash flow
-₹98 Cr
Free cash flow
-₹103 Cr
FCF yield
-64.7%
Net cash flow
-₹10 Cr

Shareholding

Promoter holding
24.9%
FII holding
0.0%
DII holding
0.1%
Public holding
75.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,661.1028.65,03,7291.044,988.014.067,941.76.714.6
Rail Vikas190.7544.239,7720.87159.518.54,321.210.610.8
Kalpataru Proj.1,434.0022.024,4890.75311.545.16,408.03.818.3
IRB Infra.Devl.17.4821.421,1120.87306.351.32,137.31.87.5
NBCC75.4429.720,3691.30158.017.22,259.5-5.529.3
Cemindia Project1,166.3033.320,0360.24140.82.62,720.95.632.8
Engineers India282.4020.315,8721.83157.9141.5819.8-5.830.4
Niraj Cement28.197.11680.003.6257.0104.510.610.7
Median128.0015.96790.0011.018.3185.811.815.7

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales991111271348313812016795172140136105
Expenses1001091231268213311715996162134131103
Material Cost15892162129123102
Change in Inventories-4.00-0.10-3.110.304.42-1.27
Purchases of Stock-in-Trade000000
Employee Cost0.460.410.500.630.610.59
Other Expenses4.483.092.373.183.472.39
Operating Profit-0.642.113.768.310.325.252.368.23-0.989.636.334.401.16
OPM %-0.651.902.976.200.393.801.974.93-1.045.614.533.241.11
Other Income1.89-0.34-1.661.731.290.491.113.172.882.283.086.386.99
Exceptional items (within Other Income)0.9100000
Interest0.200.030.020.020.020.020.020.020.040.060.912.012.64
Depreciation0.340.630.430.250.510.560.530.610.570.630.580.670.55
Profit before tax0.711.111.659.771.085.162.92111.29117.928.104.96
Tax %49282124232426212321283028
Net Profit0.360.801.317.470.833.922.178.4718.815.675.653.57
EPS in Rs0.090.200.331.860.210.980.501.420.171.480.950.950.60
Diluted EPS in Rs1.350.171.480.950.950.60

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales175356606471507542552
Expenses174351597455491523530
Material Cost482507
Change in Inventories-3.491.51
Purchases of Stock-in-Trade00
Employee Cost1.602.15
Other Expenses1012
Operating Profit15916161922
OPM %0.501.401.503.403.203.603.90
Other Income3-0-1-161519
Exceptional items (within Other Income)-0.270
Interest00000.0836
Depreciation1111.662.2222
Profit before tax23713202932
Tax %332437252526
Net Profit1249.72152124
EPS in Rs0.330.611.082.422.533.543.98
Diluted EPS in Rs2.993.54
Dividend Payout %000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
25%
3 years
-4%
TTM
6%

Compounded profit growth

10 years
—
5 years
62%
3 years
43%
TTM
54%

Stock price CAGR

10 years
10%
5 years
-6%
3 years
-9%
1 year
-38%

Return on equity

10 years
—
5 years
7%
3 years
8%
Last year
8%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital434343406060
Reserves134136133112184206
Borrowings3013261276
Other Liabilities70120113104140125
Minority Interest0
Total Liabilities277313315257385467
Fixed Assets108791214
CWIP000000
Investments141414152315
Other Assets253290293232351438
Total Assets277313315257385467

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-539-3027-73-98
Cash from Investing Activity-9-1115-5-1917
Cash from Financing Activity9-175-2610571
Net Cash Flow-510-10-413-10
Free Cash Flow-538-3023-77-103

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1387961445049
Inventory Days4
Days Payable17
Cash Conversion Cycle1387961445049
Working Capital Days25498615693113
ROCE %46121011

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters242424242423252525252525
FIIs0000.030.1200000.090.090
DIIs00000000.630.63000.13
Public767676767677757474757575
No. of Shareholders10,66212,10313,19413,78214,24813,15613,37012,93312,73714,21914,47614,177

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -24.1% (₹36.00 → ₹27.32)Brick size ₹1.38 (fixed)Bricks 54
₹20.00₹30.00₹40.00₹27.32Nov '25Jan '26Mar '26May '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹27.32 on 8 Oct 2026

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

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

44.00inr_cr

2026-03-31

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

News

News and filings about Niraj Cement Structurals Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Sells to

  • Larsen & Toubro · civil construction / infrastructure project services
  • Ministry of Road Transport and Highways · civil construction / EPC - bypass roads and underpasses
  • Mumbai Metropolitan Region Development Authority · civil construction / EPC - foot overbridges and urban transport connectivity
  • National Highways & Infrastructure Development Corporation (NHIDCL) · civil construction / EPC - road construction
  • National Highways Authority of India (NHAI) · civil construction / EPC - vehicular underpasses, flyovers and approach roads
  • Northeast Frontier Railway · civil construction / EPC - railway bridges, underpasses and retaining walls

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
INE368I01016

Plants

  • Niraj Cement Structurals TTC Industrial Area unit

News impact

Big market events that reach Niraj Cement Structurals Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
  • bse-history fill: 1160 BSE bars before cutoff, code 532986, seam residual 1.00121× · 1 Oct 2020

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.