Niraj Cement Structurals Ltd

Niraj Cement Structurals Ltd

₹ 28.7 -0.66%
27 May - close price
About

Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]

Key Points

Business Overview:[1][2]
NCSL is in the business of specialty engineering construction and infrastructure. It provides end-to-end solutions, highways, bridges, water supply and drainage, irrigation, land storm water drainage, expressways, turnkey projects roads, tunnels and other infrastructural work

  • Market Cap 171 Cr.
  • Current Price 28.7
  • High / Low 63.2 / 20.2
  • Stock P/E 8.10
  • Book Value 44.6
  • Dividend Yield 0.00 %
  • ROCE 10.7 %
  • ROE 8.30 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.64 times its book value
  • Company has delivered good profit growth of 62.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 24.9%
  • Company has a low return on equity of 8.50% over last 3 years.
  • Earnings include an other income of Rs.14.6 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
314.26 99.07 111.07 126.66 133.99 82.61 138.09 119.77 167.03 94.54 171.74 139.88 135.86
307.75 99.71 108.96 122.90 125.68 82.29 132.84 117.41 158.80 95.52 162.11 133.55 131.46
Operating Profit 6.51 -0.64 2.11 3.76 8.31 0.32 5.25 2.36 8.23 -0.98 9.63 6.33 4.40
OPM % 2.07% -0.65% 1.90% 2.97% 6.20% 0.39% 3.80% 1.97% 4.93% -1.04% 5.61% 4.53% 3.24%
-1.85 1.89 -0.34 -1.66 1.73 1.29 0.49 1.11 3.17 2.88 2.28 3.08 6.38
Interest 0.24 0.20 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.04 0.06 0.91 2.01
Depreciation 0.31 0.34 0.63 0.43 0.25 0.51 0.56 0.53 0.61 0.57 0.63 0.58 0.67
Profit before tax 4.11 0.71 1.11 1.65 9.77 1.08 5.16 2.92 10.77 1.29 11.22 7.92 8.10
Tax % 38.69% 49.30% 27.93% 21.21% 23.54% 23.15% 24.03% 25.68% 21.36% 23.26% 21.48% 28.41% 30.25%
2.52 0.36 0.80 1.31 7.47 0.83 3.92 2.17 8.47 1.00 8.81 5.67 5.65
EPS in Rs 0.63 0.09 0.20 0.33 1.86 0.21 0.98 0.50 1.42 0.17 1.48 0.95 0.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
175 356 606 471 507 542
174 351 597 455 491 523
Operating Profit 1 5 9 16 16 19
OPM % 1% 1% 2% 3% 3% 4%
3 -0 -1 -1 6 15
Interest 0 0 0 0 0 3
Depreciation 1 1 1 2 2 2
Profit before tax 2 3 7 13 20 29
Tax % 33% 24% 37% 25% 25% 26%
1 2 4 10 15 21
EPS in Rs 0.33 0.61 1.08 2.42 2.53 3.54
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: -4%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 62%
3 Years: 43%
TTM: 36%
Stock Price CAGR
10 Years: 8%
5 Years: -7%
3 Years: -1%
1 Year: -51%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 43 43 40 40 60 60
Reserves 134 136 136 112 184 206
30 13 26 1 2 76
70 120 113 104 140 125
Total Liabilities 277 313 315 257 385 467
10 8 7 9 11 14
CWIP 0 0 0 0 1 0
Investments 14 14 14 15 23 15
253 290 293 232 351 438
Total Assets 277 313 315 257 385 467

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-5 39 -30 27 -73 -98
-9 -11 15 -5 -19 17
9 -17 5 -26 105 71
Net Cash Flow -5 10 -10 -4 13 -10
Free Cash Flow -5 38 -30 23 -77 -103
CFO/OP -508% 778% -323% 191% -416% -466%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 138 79 61 44 50 49
Inventory Days 4
Days Payable 17
Cash Conversion Cycle 138 79 61 44 50 36
Working Capital Days 254 98 61 56 93 113
ROCE % 4% 6% 12% 10% 11%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Inventories (Work-in-Progress)
Rs. Crore ・Includes some standalone data

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Pending Claims under Arbitration
Rs. Crore ・Standalone data
Sub-contracting Charges (Operational Outsourcing)
Rs. Crore ・Standalone data
Bidding Success Rate
percentage ・Standalone data
Geographical Presence (Number of States)
States
Number of Ongoing Projects
Projects
Revenue Concentration (Maharashtra and Manipur)
percentage ・Standalone data
Unexecuted Order Book
Rs. Crore ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
24.26% 24.26% 24.26% 24.26% 24.26% 24.26% 22.53% 24.89% 24.89% 24.89% 24.89% 24.89%
0.00% 0.00% 0.00% 0.00% 0.03% 0.12% 0.00% 0.00% 0.00% 0.00% 0.09% 0.09%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.63% 0.63% 0.00% 0.00%
75.74% 75.74% 75.74% 75.75% 75.71% 75.61% 77.47% 75.11% 74.47% 74.47% 75.01% 75.02%
No. of Shareholders 7,17210,66212,10313,19413,78214,24813,15613,37012,93312,73714,21914,476

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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