Niraj Cement Structurals
Construction
NIRAJ NSE
₹24.93 +0.55 (+2.26%)
- P/E
- 6.05
Close 4 Nov 2026 ₹24.93 −3.55 −12.5% 1Y
Start ₹28.48
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 11.00%
- Debt to Equity
- 0.25
- EPS (TTM)
- ₹4.12
- Book Value
- ₹44.55
- Market Cap
- —
- P/E (TTM)
- 6.05
- P/B
- 0.56
- ROE
- 8.35%
- Dividend Yield
- 0.00%
- EBITDA
- ₹34.00 Cr
- 52W High
- ₹45.50
- 52W Low
- ₹20.15
- Day Range
- ₹23.61 – ₹25.30
- Volume
- 18,021
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr | |
| ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr | |
| ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr | |
| ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr | |
| ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr | |
| ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr | |
| ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr | |
| Niraj Cement Structurals (this company) | ₹24.93 | 6.05 | ₹146 Cr | 0.56 | 0.00% | 8.35% | 11.00% | ₹550 Cr | ₹25 Cr |
| Median 8 companies | ₹246.04 | 24.96 | ₹21,696 Cr | 4.43 | 0.42% | 14.80% | 16.45% | ₹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
49 Average
Data confidence 100/100
Category scores
- Quality
- 33
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 65
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 45
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 65
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 27
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 51
- Average
- 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
2- Stock is trading at 0.62 times its book value
- Company has delivered good profit growth of 62.3% CAGR over last 5 years
Weaknesses
4- 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 8.57% over last 3 years.
- Earnings include an other income of Rs.19.0 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 7 | 2 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
10
Neutral
7
Bullish
2
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 42.38
- Neutral
- MACD (12,26,9)
- −0.98
- Bearish
- SMA (50)
- 27.31
- Bearish
- SMA (200)
- 28.94
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 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
| 10Y | +17.68% |
|---|---|
| 5Y | +25.28% |
| 3Y | −3.72% |
| 1Y | +6.51% |
| TTM | +6.08% |
Net profit
| 10Y | +36.22% |
|---|---|
| 5Y | +85.56% |
| 3Y | +76.52% |
| 1Y | +46.67% |
| TTM | +58.41% |
Operating cash flow
| 10Y | Outflow widened by ₹78 Cr |
|---|---|
| 5Y | Outflow widened by ₹81 Cr |
| 3Y | Outflow widened by ₹56 Cr |
| 1Y | Outflow widened by ₹3 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −0.07 pp |
|---|---|
| 5Y | +3.13 pp |
| 3Y | +2.21 pp |
| 1Y | +0.54 pp |
| TTM | +1.08 pp |
Revenue by year
| Mar 2017 | ₹108 Cr |
|---|---|
| Mar 2018 | ₹108 Cr |
| Mar 2019 | ₹109 Cr |
| Mar 2020 | ₹124 Cr |
| Mar 2021 | ₹175 Cr |
| Mar 2022 | ₹356 Cr |
| Mar 2023 | ₹605 Cr |
| Mar 2024 | ₹470 Cr |
| Mar 2025 | ₹507 Cr |
| Mar 2026 | ₹540 Cr |
Net profit by year
| Mar 2017 | ₹1.00 Cr |
|---|---|
| Mar 2018 | ₹1.00 Cr |
| Mar 2019 | ₹1.00 Cr |
| Mar 2020 | ₹2.00 Cr |
| Mar 2021 | ₹1.00 Cr |
| Mar 2022 | ₹2.00 Cr |
| Mar 2023 | ₹4.00 Cr |
| Mar 2024 | ₹10.00 Cr |
| Mar 2025 | ₹15.00 Cr |
| Mar 2026 | ₹22.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99.07 | 111 | 126 | 134 | 82.39 | 138 | 120 | 167 | 94.44 | 172 | 140 | 135 | 104 |
| Expenses | 99.1 | 109 | 123 | 126 | 82.09 | 133 | 117 | 158 | 95.32 | 162 | 133 | 131 | 103 |
| Operating Profit | −0.03 | 2.16 | 3.44 | 8.31 | 0.3 | 5.38 | 2.41 | 8.25 | −0.88 | 9.99 | 6.75 | 3.76 | 1.52 |
| OPM % | −0.03% | 1.95% | 2.73% | 6.2% | 0.36% | 3.9% | 2.01% | 4.95% | −0.93% | 5.82% | 4.83% | 2.79% | 1.46% |
| Other Income | 1.89 | −0.34 | −1.66 | 1.73 | 1.29 | 0.49 | 1.11 | 3.29 | 2.88 | 2.29 | 3.1 | 6.54 | 7.07 |
| Interest | 0.2 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.06 | 0.91 | 2.01 | 2.64 |
| Depreciation | 0.34 | 0.63 | 0.43 | 0.25 | 0.51 | 0.56 | 0.53 | 0.61 | 0.57 | 0.63 | 0.58 | 0.63 | 0.49 |
| PBT | 1.32 | 1.16 | 1.33 | 9.77 | 1.06 | 5.28 | 2.97 | 10.91 | 1.39 | 11.59 | 8.36 | 7.66 | 5.46 |
| Tax % | 26.52% | 26.72% | 26.32% | 23.54% | 23.58% | 23.44% | 25.25% | 25.3% | 21.58% | 20.79% | 26.91% | 31.72% | 25.64% |
| Net Profit | 0.97 | 0.85 | 0.99 | 7.47 | 0.81 | 4.05 | 2.22 | 8.14 | 1.1 | 9.18 | 6.1 | 5.23 | 4.06 |
| EPS (₹) | 0.24 | 0.21 | 0.25 | 1.86 | 0.2 | 1.01 | 0.51 | 1.36 | 0.18 | 1.54 | 1.02 | 0.88 | 0.68 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 106 | 108 | 108 | 109 | 124 | 175 | 356 | 605 | 470 | 507 | 540 | 550 |
| Expenses | 68 | 102 | 105 | 109 | 108 | 118 | 174 | 351 | 596 | 454 | 490 | 521 | 528 |
| Operating Profit | 16 | 4 | 3 | −2 | 2 | 5 | 1 | 5 | 9 | 16 | 16 | 20 | 22 |
| OPM % | 19% | 4% | 2.4% | −1.6% | 1.4% | 4.2% | 0.5% | 1.4% | 1.5% | 3.5% | 3.2% | 3.6% | 4% |
| Other Income | −1 | 1 | 1 | 8 | 1 | −1 | 3 | 0 | −1 | −1 | 6.55 | 15 | 19 |
| Interest | 12 | 3 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| PBT | 1 | 1 | 1 | 4 | 1 | 2 | 2 | 3 | 6 | 14 | 20 | 29 | 33 |
| Tax % | 2% | 34% | 22% | 75% | −7% | 19% | 33% | 24% | 37% | 24% | 25% | 26% | — |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 10 | 15 | 22 | 25 |
| EPS (₹) | 0.83 | 0.61 | 0.68 | 0.71 | 0.66 | 0.84 | 0.33 | 0.62 | 1 | 2.56 | 2.55 | 3.62 | 4.12 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 12 | 15 | 22 | 22 | 43 | 43 | 43 | 40 | 60 | 60 |
| Reserves | 126 | 127 | 142 | 140 | 135 | 154 | 134 | 136 | 133 | 113 | 184 | 207 |
| Borrowings | 95 | 106 | 133 | 57 | 20 | 19 | 30 | 13 | 26 | 0 | 1 | 68 |
| Other Liabilities | 45 | 46 | 69 | 47 | 41 | 35 | 70 | 120 | 112 | 103 | 140 | 125 |
| Total Liabilities | 277 | 290 | 355 | 258 | 218 | 230 | 277 | 313 | 314 | 256 | 384 | 460 |
| Fixed Assets | 22 | 20 | 17 | 16 | 13 | 11 | 10 | 8 | 7 | 9 | 12 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 | 14 | 14 | 14 | 15 | 23 | 14 |
| Other Assets | 254 | 268 | 337 | 243 | 205 | 219 | 253 | 290 | 293 | 231 | 349 | 434 |
| Total Assets | 277 | 290 | 355 | 258 | 218 | 230 | 277 | 313 | 314 | 256 | 384 | 460 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 16 | −8 | −59 | 50 | 9 | −18 | −5 | 39 | −30 | 28 | −83 | −86 |
| Investing | −2 | 1 | 2 | 1 | 25 | 9 | −9 | −11 | 15 | −6 | −19 | 20 |
| Financing | −14 | 8 | 63 | −55 | −36 | 18 | 9 | −17 | 5 | −26 | 104 | 64 |
| Net Cash Flow | 0 | 0 | 6 | −5 | −1 | 9 | −5 | 10 | −11 | −4 | 2 | −1 |
| Free Cash Flow | 16 | −8 | −57 | 50 | 10 | −18 | −5 | 39 | −30 | 24 | −87 | −88 |
| CFO/OP | 97 | −184 | −2,242 | −2,980 | 611 | −339 | −508 | 768 | −345 | 191 | −477 | −398 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 269 | 218 | 507 | 319 | 289 | 188 | 138 | 79 | 62 | 44 | 49 | 48 |
| Cash Conversion Cycle | 269 | 218 | 507 | 319 | 289 | 188 | 138 | 79 | 62 | 44 | 49 | 48 |
| Working Capital Days | 332 | 314 | 470 | 400 | 375 | 388 | 254 | 98 | 62 | 56 | 100 | 116 |
| ROCE % | 7% | 2% | 1% | 2% | 1% | 2% | 2% | 4% | 6% | 12% | 10% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Niraj Cement Structurals insights
66 extracted metrics across FY11–FY27.
Documents
- 13 Aug 2025
- 10 Jun 2026
- 11 Mar 2025
- General announcements 12 Oct 2026
Frequently Asked Questions about Niraj Cement Structurals
What does Niraj Cement Structurals Ltd do?
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services
Where is Niraj Cement Structurals Ltd (NIRAJ) listed?
Niraj Cement Structurals Ltd trades as NIRAJ on the NSE and under code 532986 on the BSE.
Which sector does Niraj Cement Structurals Ltd belong to?
Niraj Cement Structurals Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the PE ratio of Niraj Cement Structurals Ltd?
Niraj Cement Structurals Ltd trades at a PE ratio of 6.05 as of 4 Nov 2026, on earnings per share of ₹4.12, against a book value of ₹44.55 per share.
What is the 52-week high and low of Niraj Cement Structurals Ltd?
Over the last 52 weeks Niraj Cement Structurals Ltd has traded between ₹20.15 and ₹45.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Niraj Cement Structurals Ltd?
Niraj Cement Structurals Ltd reported a return on equity of 8.35%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services
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