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Ceigall India

CEIGALL NSE
₹399.45 +2.25 (+0.57%)
P/E
21.74
View as Markdown
MCP
Close 4 Nov 2026 ₹399.45 +152.15 +61.5% 1Y
Start ₹247.30

Key Fundamentals

MicrocapConstructionIndustrials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.00%
Debt to Equity
0.61
EPS (TTM)
₹18.37
Book Value
₹122.74
Market Cap
—
P/E (TTM)
21.74
P/B
3.25
ROE
15.00%
Dividend Yield
0.13%
EBITDA
₹640 Cr
52W High
₹405.90
52W Low
₹222.61
Day Range
₹392.30 – ₹405.90
Volume
4,94,035

Peer Comparison

Industrials › Construction › Civil Construction

Ceigall India peer comparison
L&T
₹3,944.4030.37₹5,47,193 Cr4.800.96%15.90%14.60%₹3,00,904 Cr₹20,895 Cr
Rail Vikas Nigam
₹191.2344.37₹39,292 Cr4.060.93%9.02%10.80%₹20,825 Cr₹897 Cr
Cemindia Projects
₹1,310.1037.40₹23,549 Cr6.360.24%27.80%32.80%₹10,205 Cr₹602 Cr
Kalpataru Projects International
₹1,366.1020.52₹22,726 Cr3.000.83%13.70%18.30%₹27,380 Cr₹1,129 Cr
NBCC
₹77.7428.37₹20,666 Cr6.950.20%20.40%29.30%₹12,756 Cr₹766 Cr
IRB Infrastructure Developers
₹16.7921.25₹19,929 Cr0.940.31%4.29%7.47%₹7,686 Cr₹954 Cr
Engineers India
₹300.8521.55₹16,653 Cr5.060.52%23.40%30.40%₹3,878 Cr₹784 Cr
Ceigall India (this company)
₹399.4521.74₹6,881 Cr3.250.13%15.00%17.00%₹4,154 Cr₹321 Cr
Median 8 companies₹350.1525.06₹21,696 Cr4.430.42%15.45%17.65%₹11,481 Cr₹841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

51 Average

Data confidence 100/100

Category scores

Quality
47
Average
Returns, margins, earnings quality 22% weight
Valuation
57
Good
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
54
Average
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 21.8% CAGR over last 5 years

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
62.37
Neutral
MACD (12,26,9)
5.68
Bullish
SMA (50)
373.41
Bullish
SMA (200)
333.30
Bullish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+35.73%
3Y+24.82%
1Y+17.02%
TTM+20.33%

Net profit

Net profit growth by window
5Y+22.50%
3Y+22.77%
1Y+7.67%
TTM+23.46%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YOutflow widened by ₹18 Cr
1YOutflow narrowed by ₹429 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−3.78 pp
3Y+0.24 pp
1Y−0.52 pp
TTM+0.93 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹873 Cr
Mar 2022₹1,134 Cr
Mar 2023₹2,068 Cr
Mar 2024₹3,029 Cr
Mar 2025₹3,437 Cr
Mar 2026₹4,022 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹112 Cr
Mar 2022₹126 Cr
Mar 2023₹167 Cr
Mar 2024₹304 Cr
Mar 2025₹287 Cr
Mar 2026₹309 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹580 Cr −9.3% vs FY26
Reported High Mean Low

AI News Digest

94d ago

TL;DR: Ceigall India is seeing strong order momentum with a ₹705Cr new win and execution kicking off on a ₹1089Cr highway project. The company is also diversifying into power transmission infrastructure. A senior VP resignation is a minor concern but not structural. The trend is positive with growing order book visibility and project milestones being achieved on schedule.

Headwinds 1
  • VP Strategy & Planning resigns Jul 19

    Akshay Jain resigned as Vice President (Strategy & Planning) effective July 31, 2026, citing personal reasons. Loss of senior leadership in strategy role could impact planning continuity.

Positives 3
  • ₹1089Cr highway gets appointed date Jul 8

    Subsidiary received appointed date of July 6, 2026 for the Indore Ujjain Greenfield Highway project worth ₹1089 crore under Hybrid Annuity Mode, triggering revenue recognition timelines.

  • JV wins ₹705Cr MoRTH project Jul 8

    Ceigall India (JV with Sushee Infra) emerged as L1 bidder for a ₹704.70 crore EPC road project in Arunachal Pradesh on NH-913 with 48-month construction period.

  • ₹109Cr subsidiary investment approved Jul 9

    Board approved ₹109.19 crore investment in wholly owned subsidiary Velgaon Power Transmission Ltd for the 400/220 kV Velgaon Substation project, expanding into power transmission.

Neutral 1
  • Q1 FY27 earnings call scheduled Jul 30

    Ceigall India will host its earnings call on August 10, 2026 to discuss unaudited standalone and consolidated results for the quarter ended June 30, 2026.

Quarterly Results

₹ Cr
CEIGALL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
650
741
695
944
822
772
831
1,012
838
807
991
1,387
970
Expenses
563
614
555
779
678
649
707
884
729
693
852
1,163
826
Operating Profit
87
127
140
164
144
123
123
128
109
114
139
224
143
OPM %
13%
17%
20%
17%
18%
16%
15%
13%
13%
14%
14%
16%
15%
Other Income
8
9
12
8
8
15
11
23
14
17
11
12
9
Interest
23
24
21
26
35
35
27
37
42
37
37
44
44
Depreciation
12
14
13
16
13
14
12
16
14
16
16
16
13
PBT
60
97
117
131
104
88
95
98
67
77
97
176
95
Tax %
27%
24%
33%
17%
25%
26%
25%
26%
24%
27%
25%
27%
33%
Net Profit
44
74
78
108
78
66
71
72
51
56
72
129
64
EPS (₹)
2.81
4.7
5.04
6.93
5.05
3.86
4.2
4.25
3.05
3.33
4.25
7.27
3.52

Profit & Loss

₹ Cr
CEIGALL profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
873
1,134
2,068
3,029
3,437
4,022
4,154
Expenses
713
948
1,773
2,512
2,918
3,437
3,534
Operating Profit
160
186
296
518
518
585
620
OPM %
18%
16%
14%
17%
15%
15%
15%
Other Income
12
13
19
37
56
54
49
Interest
7
11
52
94
134
160
162
Depreciation
14
19
38
55
56
62
61
PBT
151
169
225
405
385
418
446
Tax %
26%
26%
26%
25%
25%
26%
—
Net Profit
112
126
167
304
287
309
321
EPS (₹)
7.03
8.01
10.65
19.48
16.88
17.9
18.37
Div. Payout %
0%
0%
7%
0%
0%
0%
—

Balance Sheet

₹ Cr
CEIGALL balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.98
39
39
79
87
87
Reserves
304
392
554
809
1,745
2,051
Borrowings
30
316
703
1,066
1,397
1,311
Other Liabilities
139
212
532
638
1,016
2,074
Total Liabilities
474
959
1,828
2,592
4,246
5,523
Fixed Assets
67
126
249
301
339
341
CWIP
1
4
2
2
23
4
Investments
13
71
23
2
6
10
Other Assets
394
759
1,555
2,287
3,878
5,169
Total Assets
474
959
1,828
2,592
4,246
5,523

Cash Flow

₹ Cr
CEIGALL cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
103
−135
−73
−211
−520
−91
Investing
−20
−164
−134
−38
−130
−44
Financing
−6
310
326
275
846
8
Net Cash Flow
77
11
119
26
197
−127
Free Cash Flow
70
−214
−229
−317
−624
−129
CFO/EBITDA
89
−47
−3
−20
−79
6

Ratios

CEIGALL financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
15
31
56
52
83
58
Inventory Days
30
34
57
41
37
37
Days Payable
56
50
191
119
271
554
Cash Conversion Cycle
−11
15
−78
−26
−150
−459
Working Capital Days
18
16
4
21
66
62
ROCE %
—
33%
27%
30%
19%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ceigall India insights

63 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 82.06%
  • Public 5.64%
  • DIIs 5.29%
  • Others 3.55%
  • FIIs 3.46%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Ceigall India

What does Ceigall India Ltd do?
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.
Where is Ceigall India Ltd (CEIGALL) listed?
Ceigall India Ltd trades as CEIGALL on the NSE and under code 544223 on the BSE.
Which sector does Ceigall India Ltd belong to?
Ceigall India Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the PE ratio of Ceigall India Ltd?
Ceigall India Ltd trades at a PE ratio of 21.74 as of 4 Nov 2026, on earnings per share of ₹18.37, against a book value of ₹122.74 per share.
What is the 52-week high and low of Ceigall India Ltd?
Over the last 52 weeks Ceigall India Ltd has traded between ₹222.61 and ₹405.9 as of 4 Nov 2026.
Does Ceigall India Ltd pay dividends?
Ceigall India Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Ceigall India Ltd?
Ceigall India Ltd reported a return on equity of 15.00%. Its debt-to-equity ratio is 0.61.

Company Information

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.

Website ceigall.com
CEO Mr. Ramneek Sehgal
Employees 2,298
Listed 8 Aug 2024
Face Value ₹5

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