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 ₹ 6,353 Cr.
- Current Price ₹ 365
- High / Low ₹ 406 / 223
- Stock P/E 20.4
- 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
* 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% | 3% |
| 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: | 35% |
| 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 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Order Book INR Million |
|
|||||
| Order Inflow INR Million |
||||||
| Book to Bill Ratio x |
||||||
| Number of States of Operation count |
||||||
| Cumulative Lane KMs Constructed lane km |
||||||
| Ongoing Projects count |
||||||
| Roads Share of Order Book % |
||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
56s - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that India Ratings ....
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
19h - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
21h - Ceigall India-Sushee JV emerged L1 bidder for ₹704.70 crore Arunachal Pradesh road EPC project.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Appointed date declared for three HAM highway projects worth ₹4,050 crore; construction can now begin.
-
Intimation Of Declaration Of Appointed Date For The Project
1d - NHAI declared 6 July 2026 as appointed date for Ceigall VRK 12's ₹1,305 crore Jharkhand highway project.
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025TranscriptPPT
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Oct 2024TranscriptPPT
-
Sep 2024Transcript PPT
-
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.