Ceigall India Ltd
Founded in 2002, Ceigall India Limited is an infrastructure construction company with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.[1]
- Market Cap ₹ 4,520 Cr.
- Current Price ₹ 259
- High / Low ₹ 425 / 229
- Stock P/E 16.7
- Book Value ₹ 103
- Dividend Yield 0.19 %
- ROCE 24.6 %
- ROE 20.2 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 24.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Cons
- Debtor days have increased from 71.0 to 91.8 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE IPO BSE Allcap BSE Industrials Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
792 | 873 | 1,131 | 2,065 | 2,955 | 3,385 | |
663 | 713 | 944 | 1,767 | 2,516 | 2,953 | |
Operating Profit | 129 | 160 | 187 | 298 | 439 | 432 |
OPM % | 16% | 18% | 17% | 14% | 15% | 13% |
6 | 12 | 13 | 20 | 37 | 53 | |
Interest | 6 | 7 | 10 | 32 | 61 | 72 |
Depreciation | 10 | 14 | 19 | 38 | 46 | 51 |
Profit before tax | 119 | 151 | 171 | 249 | 368 | 362 |
Tax % | 25% | 26% | 26% | 25% | 25% | 25% |
89 | 112 | 127 | 185 | 277 | 270 | |
EPS in Rs | 909.58 | 1,145.50 | 16.17 | 23.59 | 17.62 | 15.51 |
Dividend Payout % | 0% | 0% | 0% | 6% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 44% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 29% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 28% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 0.98 | 0.98 | 39 | 39 | 79 | 87 |
Reserves | 192 | 304 | 394 | 574 | 800 | 1,712 |
29 | 30 | 172 | 468 | 512 | 331 | |
108 | 139 | 181 | 531 | 578 | 1,330 | |
Total Liabilities | 330 | 474 | 785 | 1,612 | 1,968 | 3,460 |
48 | 67 | 126 | 249 | 275 | 315 | |
CWIP | 0 | 1 | 4 | 2 | 2 | 10 |
Investments | 37 | 14 | 126 | 79 | 198 | 340 |
245 | 392 | 530 | 1,282 | 1,493 | 2,795 | |
Total Assets | 330 | 474 | 785 | 1,612 | 1,968 | 3,460 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
96 | 103 | 91 | 31 | 180 | -274 | |
-122 | -20 | -218 | -164 | -137 | -282 | |
30 | -6 | 132 | 258 | -32 | 706 | |
Net Cash Flow | 4 | 77 | 6 | 124 | 12 | 150 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 22 | 15 | 31 | 61 | 60 | 92 |
Inventory Days | 12 | 30 | 34 | 57 | 38 | 13 |
Days Payable | 39 | 56 | 51 | 191 | 123 | 95 |
Cash Conversion Cycle | -4 | -11 | 15 | -72 | -26 | 11 |
Working Capital Days | -0 | 29 | 50 | 66 | 62 | 81 |
ROCE % | 56% | 38% | 33% | 34% | 25% |
Documents
Announcements
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Receipt Of Completion Certificate For PWD Project
2 Jun - Received completion certificate for INR 1272.6M Punjab road project, operational from June 30, 2024.
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Update On Dispute Resolution Under Concession Agreement -
DRB Recommendation
29 May - DRB awards net ₹6.20 Cr to Ceigall in highway project dispute resolution.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Annual Secretarial Compliance Report filed; minor delay in Board meeting intimation fined Rs.23,600.
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Intimation Of Financial Close For Project - Ceigall Ludhiana Bhatinda Greenfield Highway Private Limited
21 May - Financial close for INR 981 Cr Ludhiana-Bathinda highway project confirmed by NHAI.
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Intimation Of Receipt Of Arbitration Award
19 May - Received ₹3.17 crore arbitration award including interest from PSIEC on 19 May 2025.
Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2024TranscriptPPT
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Sep 2024Transcript PPT
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Aug 2024TranscriptNotesPPT REC
Business Profile[1] Ceigall has expertise in constructing state and national highways, specialized structures such as elevated corridors, bridges, flyovers, and rail over-bridges, along with maintenance of highways