Niraj Cement Structurals
NIRAJ NSE
Niraj Cement Structurals
ConstructionNSE: NIRAJ BSE: 532986 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹161 Cr
Volatility
Moderate
P/E Ratio
6.61
EBITDA
₹19.38 Cr
Return on Equity
6.2%
Debt to Equity
0.25
Book Value
₹44.55
52W High
₹51.98
52W Low
₹20.15
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.61 times its book value
- Company has delivered good profit growth of 62.8% 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 8.70% over last 3 years.
- Earnings include an other income of Rs.19.0 Cr.
Growth Rate
Revenue Growth
5.56% higher than
3Y
Net Income Growth
38.41% lower than
3Y
Cash Flow Change
-371% lower than
3Y
ROE
-2.82% lower than
3Y
ROCE
-5.42% lower than
3Y
EBITDA Margin (Avg.)
-21.09% higher than
3Y
Quarterly Results
| 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 | 5.29 | 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 in Rs | 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
| 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 | 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 in Rs | 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
| 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 | 11 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 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
| 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 | -399 |
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 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 4 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 17 |
| Cash Conversion Cycle | 269 | 218 | 507 | 319 | 289 | 188 | 138 | 79 | 62 | 44 | 49 | 35 |
| 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% | 11% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Niraj Cement Structurals insights
64 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
25 Apr - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026. 25 Apr - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2h - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026. 2h - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Compliance Certificate received from RTA for the Quarter ended March 31, 2026. 13 Apr - Compliance Certificate received from RTA for the Quarter ended March 31, 2026.
4
Clarification Of Price Movement
10 Apr - Company clarified recent share price movement was market-driven and no material information was withheld. 10 Apr - Company clarified recent share price movement was market-driven and no material information was withheld.
5
Clarification sought from Niraj Cement Structurals Ltd
10 Apr - Exchange has sought clarification from Niraj Cement Structurals Ltd on April 9, 2026 with reference to significant movement in price, in order to ensure that … 10 Apr - Exchange has sought clarification from Niraj Cement Structurals Ltd on April 9, 2026 with reference to significant movement in price, in order to ensure that …
Frequently Asked Questions about Niraj Cement Structurals
What does Niraj Cement Structurals Ltd do?
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]
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 market capitalisation of Niraj Cement Structurals Ltd?
Niraj Cement Structurals Ltd has a market capitalisation of ₹161.17 Cr, which places it in the Small Cap band.
What is the PE ratio of Niraj Cement Structurals Ltd?
Niraj Cement Structurals Ltd trades at a PE ratio of 6.61, 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 ₹51.98.
What is the Return on Equity (ROE) of Niraj Cement Structurals Ltd?
Niraj Cement Structurals Ltd reported a return on equity of 6.20%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]
Website niraj.co.in
CEO Mr. Vishram Pandurang Rudre
Employees 18
Listed 2020-10-01
Face Value ₹ 10
Issued Size 5,96,94,340
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/NIRAJ.md for Niraj Cement Structurals Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.