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 ₹ 6,211 Cr.
- Current Price ₹ 356
- High / Low ₹ 387 / 223
- Stock P/E 19.9
- Book Value ₹ 123
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 15.7 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 22.9% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
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 | |
|---|---|---|---|---|---|---|
| 873 | 1,134 | 2,068 | 3,029 | 3,437 | 4,022 | |
| 713 | 948 | 1,773 | 2,512 | 2,918 | 3,437 | |
| Operating Profit | 160 | 186 | 296 | 518 | 518 | 585 |
| OPM % | 18% | 16% | 14% | 17% | 15% | 15% |
| 12 | 13 | 19 | 37 | 56 | 54 | |
| Interest | 7 | 11 | 52 | 94 | 134 | 160 |
| Depreciation | 14 | 19 | 38 | 55 | 56 | 62 |
| Profit before tax | 151 | 169 | 225 | 405 | 385 | 418 |
| Tax % | 26% | 26% | 26% | 25% | 25% | 26% |
| 112 | 126 | 167 | 304 | 287 | 309 | |
| EPS in Rs | 1,145.50 | 16.02 | 21.29 | 19.48 | 16.88 | 17.90 |
| Dividend Payout % | 0% | 0% | 4% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 25% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 24% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| Last Year: | 16% |
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 | 1,018 | 2,074 | |
| Total Liabilities | 474 | 959 | 1,828 | 2,592 | 4,248 | 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 | 3,880 | 5,169 | |
| Total Assets | 474 | 959 | 1,828 | 2,592 | 4,248 | 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 | -190 | -520 | -91 | |
| -20 | -164 | -134 | -58 | -130 | -44 | |
| -6 | 310 | 326 | 275 | 846 | 8 | |
| Net Cash Flow | 77 | 11 | 119 | 26 | 197 | -127 |
| Free Cash Flow | 70 | -214 | -229 | -296 | -624 | -129 |
| CFO/OP | 89% | -47% | -3% | -16% | -79% | 6% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 15 | 31 | 56 | 52 | 72 | 58 |
| Inventory Days | 30 | 34 | 57 | 41 | 37 | 11 |
| Days Payable | 56 | 50 | 191 | 119 | 260 | 164 |
| Cash Conversion Cycle | -11 | 15 | -78 | -26 | -151 | -95 |
| Working Capital Days | 18 | 16 | 4 | 20 | 59 | 62 |
| ROCE % | 33% | 27% | 30% | 19% | 17% |
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
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Update On Project
1d - Southern Ayodhya Bypass reaches 35% progress; Project Milestone II achieved 92 days early.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Ceigall selected by PSPCL for 50 MW BESS in Punjab, tariff ₹2.99/kWh, project cost about ₹125 crore.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Ceigall selected by PSPCL for 100 MW BESS in Punjab; project cost about ₹250 crore.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 and further to our letter dated April 30, 2026, we are enclosing herewith the transcript …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015, we hereby enclosed copies of newspaper publications dated May 08, 2026 published in …
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.