Niraj Cement Structurals Ltd
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]
- Market Cap ₹ 194 Cr.
- Current Price ₹ 32.4
- High / Low ₹ 72.4 / 28.4
- Stock P/E 12.5
- Book Value ₹ 40.7
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 7.86 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.80 times its book value
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 7.12% over last 3 years.
- Earnings include an other income of Rs.7.65 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 | TTM | |
|---|---|---|---|---|---|---|
| 175 | 356 | 606 | 471 | 507 | 519 | |
| 174 | 351 | 597 | 455 | 491 | 504 | |
| Operating Profit | 1 | 5 | 9 | 16 | 16 | 15 | 
| OPM % | 1% | 1% | 2% | 3% | 3% | 3% | 
| 3 | -0 | -1 | -1 | 6 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 
| Profit before tax | 2 | 3 | 7 | 13 | 20 | 20 | 
| Tax % | 33% | 24% | 37% | 25% | 25% | |
| 1 | 2 | 4 | 10 | 15 | 16 | |
| EPS in Rs | 0.33 | 0.61 | 1.08 | 2.42 | 2.53 | 3.08 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 12% | 
| TTM: | 14% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 41% | 
| TTM: | -5% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% | 
| 5 Years: | -7% | 
| 3 Years: | 0% | 
| 1 Year: | -44% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 7% | 
| Last Year: | 8% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 43 | 43 | 40 | 40 | 60 | 
| Reserves | 134 | 136 | 136 | 112 | 184 | 
| 30 | 13 | 26 | 1 | 2 | |
| 70 | 120 | 113 | 104 | 140 | |
| Total Liabilities | 277 | 313 | 315 | 257 | 385 | 
| 10 | 8 | 7 | 9 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 
| Investments | 14 | 14 | 14 | 15 | 23 | 
| 253 | 290 | 293 | 232 | 351 | |
| Total Assets | 277 | 313 | 315 | 257 | 385 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -5 | 39 | -30 | 27 | -73 | |
| -9 | -11 | 15 | -5 | -19 | |
| 9 | -17 | 5 | -26 | 105 | |
| Net Cash Flow | -5 | 10 | -10 | -4 | 13 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 138 | 79 | 61 | 44 | 50 | 
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 138 | 79 | 61 | 44 | 50 | 
| Working Capital Days | 254 | 98 | 61 | 56 | 93 | 
| ROCE % | 4% | 6% | 12% | 10% | 
Documents
Announcements
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          Clarification By The Company On Price Movement
          
            14 Oct - 14 Oct 2025: Niraj Cement told BSE disclosures complete; share price movement market-driven.
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          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            14 Oct - Copy of certificate received from our RTA confirming compliance for quarter ended September 30, 2025.
- 
        
          Clarification sought from Niraj Cement Structurals Ltd
          
            14 Oct - Exchange has sought clarification from Niraj Cement Structurals Ltd on October 14, 2025 with reference to significant movement in price, in order to ensure that …
- 
        
          Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
          
            29 Sep - 27th AGM on 29 Sep 2025: consolidated voting results; all resolutions approved (financials, director, auditors, RPTs).
- Shareholder Meeting / Postal Ballot-Outcome of AGM 29 Sep
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
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