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 ₹ 6,658 Cr.
- Current Price ₹ 382
- High / Low ₹ 393 / 223
- Stock P/E 21.8
- 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: | 51% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|
| Book to Bill Ratio x |
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| Net Working Capital Days Days |
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| Order Book Rs. Million |
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| Order Inflow Rs. Million |
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| Early Completion Bonus Earned Rs. Million |
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| Lane Kms Constructed Lane Kms |
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| Number of Ongoing Projects Projects |
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| Number of Projects Completed Projects |
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| O&M Projects completed Lane Kms |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Jun - Ceigall India schedules one-on-one virtual analyst meeting on 25 June 2026, 3:45-4:45 PM.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Jun - Ceigall India schedules analyst and investor meetings in Mumbai on 22-23 June 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Jun - Ceigall India to meet analysts/investors on 22-23 June 2026 in Mumbai.
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Intimation Of Sale Of Step-Down Subsidiary Under Regulation 30 Of SEBI (LODR) Regulations, 2015
17 Jun - Ceigall sold step-down subsidiary CMASH to Neo Infra fund for Rs. 182.20 crore on 16 June 2026.
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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May 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.