Niraj Cement Structurals Ltd
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]
- 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.
Peer comparison
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 | |
|---|---|---|---|---|---|---|
| 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 |
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| Sub-contracting Charges (Operational Outsourcing) Rs. Crore ・Standalone data |
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| Bidding Success Rate percentage ・Standalone data |
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| Geographical Presence (Number of States) States |
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| Number of Ongoing Projects Projects |
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| Revenue Concentration (Maharashtra and Manipur) percentage ・Standalone data |
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| Unexecuted Order Book Rs. Crore ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 May
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Announcement Under Regulation 30
21 May - Board approved FY26 audited results, reappointed auditors, and proposed independent director reappointment via postal ballot.
- Financial Results (Standalone & Consolidated)For The Quarter And Year Ended March 31, 2026 21 May
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Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Thursday, May 21, 2026
21 May - Board approved audited FY26 standalone and consolidated results, reappointed auditors, and independent director Partha Sarathi Raut.
-
Board Meeting Intimation for Niraj Cement Structurals Limited To Be Held On Thursday, May 21, 2026
15 May - Board meeting on May 21, 2026 to approve audited FY26 standalone and consolidated results.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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