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 ₹ 5,676 Cr.
- Current Price ₹ 326
- High / Low ₹ 406 / 223
- Stock P/E 18.6
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE 19.9 %
- ROE 15.7 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 22.3% CAGR over last 5 years
Cons
- Working capital days have increased from 49.5 days to 70.9 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 Industrials BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 792 | 873 | 1,131 | 2,065 | 2,955 | 3,385 | 3,869 | |
| 663 | 713 | 944 | 1,767 | 2,516 | 2,953 | 3,382 | |
| Operating Profit | 129 | 160 | 187 | 298 | 439 | 432 | 487 |
| OPM % | 16% | 18% | 17% | 14% | 15% | 13% | 13% |
| 6 | 12 | 13 | 20 | 37 | 53 | 55 | |
| Interest | 6 | 7 | 10 | 32 | 61 | 72 | 82 |
| Depreciation | 10 | 14 | 19 | 38 | 46 | 51 | 50 |
| Profit before tax | 119 | 151 | 171 | 249 | 368 | 362 | 411 |
| Tax % | 25% | 26% | 26% | 25% | 25% | 25% | 26% |
| 89 | 112 | 127 | 185 | 277 | 270 | 305 | |
| EPS in Rs | 909.58 | 1,145.50 | 16.17 | 23.59 | 17.62 | 15.51 | 17.52 |
| Dividend Payout % | 0% | 0% | 0% | 6% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 23% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 19% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 21% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 0.98 | 39 | 39 | 79 | 87 | 87 |
| Reserves | 192 | 304 | 394 | 574 | 800 | 1,712 | 2,011 |
| 29 | 30 | 172 | 468 | 512 | 636 | 413 | |
| 108 | 139 | 181 | 531 | 578 | 1,024 | 1,712 | |
| Total Liabilities | 330 | 474 | 785 | 1,612 | 1,968 | 3,460 | 4,224 |
| 48 | 67 | 126 | 249 | 275 | 315 | 255 | |
| CWIP | 0 | 1 | 4 | 2 | 2 | 10 | 2 |
| Investments | 37 | 14 | 126 | 79 | 198 | 340 | 524 |
| 245 | 392 | 530 | 1,282 | 1,493 | 2,795 | 3,442 | |
| Total Assets | 330 | 474 | 785 | 1,612 | 1,968 | 3,460 | 4,224 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 96 | 103 | 91 | 31 | 180 | -274 | 457 | |
| -122 | -20 | -218 | -164 | -135 | -282 | -253 | |
| 30 | -6 | 132 | 258 | -32 | 706 | -315 | |
| Net Cash Flow | 4 | 77 | 6 | 124 | 12 | 150 | -111 |
| Free Cash Flow | 73 | 70 | 14 | -126 | 108 | -364 | 481 |
| CFO/OP | 101% | 89% | 74% | 32% | 62% | -39% | 115% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 22 | 15 | 31 | 61 | 60 | 92 | 101 |
| Inventory Days | 12 | 30 | 34 | 57 | 38 | 38 | 11 |
| Days Payable | 39 | 56 | 51 | 191 | 123 | 269 | 165 |
| Cash Conversion Cycle | -4 | -11 | 15 | -72 | -26 | -139 | -53 |
| Working Capital Days | -2 | 18 | 3 | 7 | 14 | 63 | 71 |
| ROCE % | 56% | 38% | 33% | 34% | 22% | 20% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Order Book INR Million |
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| Order Inflow INR Million |
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| Number of States of Operation count |
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| Cumulative Lane KMs Constructed lane km |
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| Roads Share of Order Book % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
16 Jul - VP Strategy & Planning Akshay Jain resigns effective July 31, 2026.
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Announcement under Regulation 30 (LODR)-Acquisition
9 Jul - Approved security creation and ₹109.19 crore further investment in Velgaon Power Transmission SPV on 09 July 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
9 Jul - India Ratings affirmed Ceigall's INR30,700 million bank facilities at IND AA-/Stable and assigned IND A1+ to INR1,000 million CP.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
8 Jul - Ceigall India-Sushee JV emerged L1 bidder for ₹704.70 crore Arunachal Pradesh road EPC project.
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025TranscriptPPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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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 2024TranscriptPPT REC
Business Profile[1]
Ceigall India Ltd is a leading EPC company with over 20 years of experience in infrastructure projects, specializing in highways, expressways, flyovers, tunnels, elevated roads, and metro rail. It follows an asset-light model, operating primarily with leased equipment.