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 ₹ 4,737 Cr.
- Current Price ₹ 272
- High / Low ₹ 335 / 223
- Stock P/E 18.3
- Book Value ₹ 111
- Dividend Yield 0.00 %
- ROCE 19.4 %
- ROE 20.9 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 59.8 to 71.8 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 Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 873 | 1,134 | 2,068 | 3,029 | 3,437 | 3,487 | |
| 713 | 948 | 1,773 | 2,512 | 2,918 | 3,013 | |
| Operating Profit | 160 | 186 | 296 | 518 | 518 | 474 |
| OPM % | 18% | 16% | 14% | 17% | 15% | 14% |
| 12 | 13 | 19 | 37 | 56 | 65 | |
| Interest | 7 | 11 | 52 | 94 | 134 | 144 |
| Depreciation | 14 | 19 | 38 | 55 | 56 | 58 |
| Profit before tax | 151 | 169 | 225 | 405 | 385 | 337 |
| Tax % | 26% | 26% | 26% | 25% | 25% | |
| 112 | 126 | 167 | 304 | 287 | 251 | |
| EPS in Rs | 1,145.50 | 16.02 | 21.29 | 19.48 | 16.88 | 14.83 |
| Dividend Payout % | 0% | 0% | 4% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 39 | 39 | 79 | 87 | 87 |
| Reserves | 304 | 392 | 554 | 809 | 1,745 | 1,850 |
| 30 | 316 | 703 | 1,066 | 1,397 | 1,343 | |
| 139 | 212 | 532 | 638 | 1,018 | 1,259 | |
| Total Liabilities | 474 | 959 | 1,828 | 2,592 | 4,248 | 4,539 |
| 67 | 126 | 249 | 301 | 339 | 326 | |
| CWIP | 1 | 4 | 2 | 2 | 23 | 10 |
| Investments | 13 | 71 | 23 | 2 | 6 | 7 |
| 394 | 759 | 1,555 | 2,287 | 3,880 | 4,195 | |
| Total Assets | 474 | 959 | 1,828 | 2,592 | 4,248 | 4,539 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 103 | -135 | -73 | -190 | -520 | |
| -20 | -164 | -134 | -58 | -130 | |
| -6 | 310 | 326 | 275 | 846 | |
| Net Cash Flow | 77 | 11 | 119 | 26 | 197 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 15 | 31 | 56 | 52 | 72 |
| Inventory Days | 30 | 34 | 57 | 41 | 37 |
| Days Payable | 56 | 50 | 191 | 119 | 260 |
| Cash Conversion Cycle | -11 | 15 | -78 | -26 | -151 |
| Working Capital Days | 18 | 16 | 4 | 20 | 59 |
| ROCE % | 33% | 27% | 30% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
1m - The Company has today entered into Share Purchase Agreement with REC Power Development and Consultancy Limited for acquiring 100% equity shares of Velgaon Power Transmission …
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Intimation Under Regulation 30- Incorporation Of A Wholly Owned Subsidiary Company
2d - Wholly‑owned Ceigall Green Energy MP Ltd incorporated 05-01-2026 to implement 130 MW MPUVNL solar projects; paid-up Rs.100,000.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Confirmation certificate under Reg 74(5) for quarter ended 31 Dec 2025 regarding dematerialisation processing.
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Certificate Under Reg. 74 (5) Of SEBI (DP) Regulations, 2018
6 Jan - RTA confirms dematerialisation processing and listing compliance for quarter ended 31 December 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Jan - Analyst/institutional investor one-on-one meeting scheduled 07 Jan 2026, Mumbai; no UPSI to be shared.
Concalls
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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 2024TranscriptAI SummaryPPT 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.