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 ₹ 6,797 Cr.
- Current Price ₹ 390
- High / Low ₹ 406 / 223
- Stock P/E 21.1
- Book Value ₹ 123
- Dividend Yield 0.13 %
- ROCE 17.0 %
- ROE 15.0 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 21.8% CAGR over last 5 years
Cons
* 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 873 | 1,134 | 2,068 | 3,029 | 3,437 | 4,022 | 4,154 | |
| 713 | 948 | 1,773 | 2,512 | 2,918 | 3,437 | 3,534 | |
| Operating Profit | 160 | 186 | 296 | 518 | 518 | 585 | 620 |
| OPM % | 18% | 16% | 14% | 17% | 15% | 15% | 15% |
| 12 | 13 | 19 | 37 | 56 | 54 | 49 | |
| Interest | 7 | 11 | 52 | 94 | 134 | 160 | 162 |
| Depreciation | 14 | 19 | 38 | 55 | 56 | 62 | 61 |
| Profit before tax | 151 | 169 | 225 | 405 | 385 | 418 | 446 |
| Tax % | 26% | 26% | 26% | 25% | 25% | 26% | |
| 112 | 126 | 167 | 304 | 287 | 309 | 321 | |
| EPS in Rs | 7.03 | 8.01 | 10.65 | 19.48 | 16.88 | 17.90 | 18.37 |
| Dividend Payout % | 0% | 0% | 7% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 25% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 21% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 39 | 39 | 79 | 87 | 87 |
| Reserves | 304 | 392 | 554 | 809 | 1,745 | 2,051 |
| 30 | 316 | 703 | 1,066 | 1,397 | 1,311 | |
| 139 | 212 | 532 | 638 | 1,016 | 2,074 | |
| Total Liabilities | 474 | 959 | 1,828 | 2,592 | 4,246 | 5,523 |
| 67 | 126 | 249 | 301 | 339 | 341 | |
| CWIP | 1 | 4 | 2 | 2 | 23 | 4 |
| Investments | 13 | 71 | 23 | 2 | 6 | 10 |
| 394 | 759 | 1,555 | 2,287 | 3,878 | 5,169 | |
| Total Assets | 474 | 959 | 1,828 | 2,592 | 4,246 | 5,523 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 103 | -135 | -73 | -211 | -520 | -91 | |
| -20 | -164 | -134 | -38 | -130 | -44 | |
| -6 | 310 | 326 | 275 | 846 | 8 | |
| Net Cash Flow | 77 | 11 | 119 | 26 | 197 | -127 |
| Free Cash Flow | 70 | -214 | -229 | -317 | -624 | -129 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 89% | -47% | -3% | -20% | -79% | 6% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 15 | 31 | 56 | 52 | 83 | 58 |
| Inventory Days | 30 | 34 | 57 | 41 | 37 | 37 |
| Days Payable | 56 | 50 | 191 | 119 | 271 | 554 |
| Cash Conversion Cycle | -11 | 15 | -78 | -26 | -150 | -459 |
| Working Capital Days | 18 | 16 | 4 | 21 | 66 | 62 |
| ROCE % | 33% | 27% | 30% | 19% | 17% |
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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| Book to Bill Ratio x |
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| Number of States of Operation count |
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| Cumulative Lane KMs Constructed lane km |
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| Ongoing Projects count |
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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)-Analyst / Investor Meet - Intimation
- Ceigall India to hold Q2 and H1 FY27 earnings call on November 5, 2026.
- Closure of Trading Window
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Board Meeting Intimation for Intimation For The Meeting Of The Board Of Ceigall India Limited
- Board meets on November 5, 2026 to approve Q2 and half-year FY26 unaudited results.
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Intimation Of Financial Close For Project - Ceigall Sahebganj Bettiah Highway Limited
- Ceigall subsidiary achieved financial close for Rs. 2,160 crore Sahebganj-Bettiah highway project in Bihar.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
- Wholly owned subsidiary signed TSA on 19 Oct 2026 for Lakadia, Khambhaliya and Jamnagar transmission system.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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 2025Transcript
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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 2024Transcript
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Sep 2024Transcript PPT
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Aug 2024PPT 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.