Niraj Cement Structurals Ltd
Niraj Cement Structurals Ltd is engaged in the business of construction of projects with end-to-end solutions across domains such as Transportation, Urban Infrastructure, BRTS Projects, Industrial Infrastructure, and Irrigation. They also provide technical and financial assistance to the sub-contractors. [1]
It has been in the business of speciality engineering construction and infrastructure for the past 3 decades. They have won laurels for working in the most hostile working conditions in Orissa. [2]
- Market Cap ₹ 149 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 46.5 / 24.0
- Stock P/E 22.9
- Book Value ₹ 43.9
- Dividend Yield 0.00 %
- ROCE 5.79 %
- ROE 3.82 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.83 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 93.0 to 61.5 days.
- Company's working capital requirements have reduced from 160 days to 77.3 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 24.3%
- Company has a low return on equity of 2.73% over last 3 years.
* 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
Sector: Construction Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 312 | 111 | 48 | 84 | 106 | 108 | 108 | 109 | 124 | 175 | 356 | 605 | 624 | |
| 295 | 107 | 47 | 68 | 102 | 105 | 109 | 108 | 118 | 174 | 351 | 596 | 616 | |
| Operating Profit | 17 | 4 | 0 | 16 | 4 | 3 | -2 | 2 | 5 | 1 | 5 | 9 | 8 |
| OPM % | 5% | 3% | 0% | 19% | 4% | 2% | -2% | 1% | 4% | 1% | 1% | 1% | 1% |
| 7 | 5 | 3 | -1 | 1 | 1 | 8 | 1 | -1 | 3 | -0 | -1 | 1 | |
| Interest | 10 | 13 | 6 | 12 | 3 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 12 | -6 | -5 | 1 | 1 | 1 | 4 | 1 | 2 | 2 | 3 | 6 | 7 |
| Tax % | 32% | -2% | -2% | 2% | 34% | 22% | 75% | -7% | 19% | 33% | 24% | 37% | |
| 8 | -6 | -5 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 4 | |
| EPS in Rs | 7.26 | -5.25 | -5.02 | 0.83 | 0.61 | 0.68 | 0.71 | 0.66 | 0.84 | 0.33 | 0.62 | 1.00 | 1.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 41% |
| 3 Years: | 70% |
| TTM: | 70% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 51% |
| 3 Years: | 35% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 7% |
| 3 Years: | 3% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 11 | 11 | 11 | 11 | 12 | 15 | 22 | 22 | 43 | 43 | 43 | |
| Reserves | 136 | 131 | 125 | 126 | 127 | 128 | 131 | 135 | 137 | 134 | 136 | 133 |
| 84 | 67 | 83 | 95 | 106 | 133 | 57 | 20 | 19 | 30 | 13 | 26 | |
| 47 | 57 | 54 | 45 | 46 | 82 | 55 | 41 | 52 | 70 | 120 | 112 | |
| Total Liabilities | 279 | 266 | 273 | 277 | 290 | 355 | 258 | 218 | 230 | 277 | 313 | 314 |
| 29 | 27 | 25 | 22 | 20 | 17 | 16 | 13 | 11 | 10 | 8 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 14 | 14 | 14 |
| 248 | 238 | 247 | 254 | 268 | 337 | 243 | 205 | 219 | 253 | 290 | 293 | |
| Total Assets | 279 | 266 | 273 | 277 | 290 | 355 | 258 | 218 | 230 | 277 | 313 | 314 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 25 | -2 | 16 | -8 | -59 | 50 | 9 | -18 | -5 | 39 | -30 | |
| -3 | 4 | 1 | -2 | 1 | 2 | 1 | 25 | 9 | -9 | -11 | 15 | |
| -4 | -28 | 1 | -14 | 8 | 63 | -55 | -36 | 18 | 9 | -17 | 5 | |
| Net Cash Flow | -2 | 1 | 1 | -0 | 0 | 6 | -5 | -1 | 9 | -5 | 10 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 119 | 357 | 447 | 269 | 218 | 507 | 319 | 289 | 188 | 138 | 79 | 62 |
| Inventory Days | 30 | 402 | 509 | |||||||||
| Days Payable | 28 | 716 | 1,204 | |||||||||
| Cash Conversion Cycle | 121 | 43 | -248 | 269 | 218 | 507 | 319 | 289 | 188 | 138 | 79 | 62 |
| Working Capital Days | 183 | 492 | 715 | 397 | 371 | 477 | 406 | 375 | 394 | 296 | 106 | 77 |
| ROCE % | 10% | 3% | 1% | 7% | 2% | 1% | 2% | 1% | 2% | 2% | 4% | 6% |
Documents
Announcements
- Additional Details Required For Corporate Announcement Filed Dated 26Th September, 2023 Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 11h
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1d
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1d - Appointment of Mrs. Kavita Hindia as an Independent Director of the Company
- Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 1d
- Shareholder Meeting / Postal Ballot-Outcome of AGM 1d
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Division & Services
Transportation Infrastructure Business Group
The company has constructed over 1,000 km of roads for both flexible and rigid pavements. They have also contributed to the prestigious Mumbai-Pune Expressway and the Worli Sea Link projects[1]
Rental Division
The company provides all types of construction equipment on a monthly rental basis, project-specific basis, looking at the construction period and nature of works to be executed.[1]
Ready-mix Concrete unit
The company also operates ready-mixed concrete plants.[1]