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 ₹ 5,882 Cr.
- Current Price ₹ 338
- High / Low ₹ 406 / 223
- Stock P/E 18.0
- Book Value ₹ 120
- Dividend Yield 0.15 %
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 792 | 873 | 1,131 | 2,065 | 2,955 | 3,385 | 3,869 | 3,953 | |
| 663 | 713 | 944 | 1,767 | 2,516 | 2,953 | 3,382 | 3,438 | |
| Operating Profit | 129 | 160 | 187 | 298 | 439 | 432 | 487 | 515 |
| OPM % | 16% | 18% | 17% | 14% | 15% | 13% | 13% | 13% |
| 6 | 12 | 13 | 20 | 37 | 53 | 55 | 48 | |
| Interest | 6 | 7 | 10 | 32 | 61 | 72 | 82 | 78 |
| Depreciation | 10 | 14 | 19 | 38 | 46 | 51 | 50 | 47 |
| Profit before tax | 119 | 151 | 171 | 249 | 368 | 362 | 411 | 438 |
| Tax % | 25% | 26% | 26% | 25% | 25% | 25% | 26% | |
| 89 | 112 | 127 | 185 | 277 | 270 | 305 | 325 | |
| EPS in Rs | 909.58 | 1,145.50 | 16.17 | 23.59 | 17.62 | 15.51 | 17.52 | 18.63 |
| Dividend Payout % | 0% | 0% | 0% | 6% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 23% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 19% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 37% |
| 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 | |
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| Order Book 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)-Newspaper Publication
- Submission of Newspaper Advertisement related to 24th Annual General Meeting and other related information
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Ceigall India emerges L1 bidder for 765/400 kV transmission system; annual charges Rs. 6,086.70 million for 35 years.
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Communication To Shareholders - Intimation On Tax Deduction On Dividend
- Ceigall India shares final dividend Rs0.50/share FY2025-26; AGM Sept 29, 2026; record date Sept 11, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Ceigall India wins ₹704.70 crore Frontier Highway LOA in Arunachal Pradesh; 48-month EPC, five-year maintenance.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Ceigall-Sushee JV wins MoRTH LOA for ₹704.70 crore Lada-Sarli road project in Arunachal Pradesh.
Concalls
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Aug 2026Transcript PPT REC
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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.