Niraj Cement Structurals Limited

BSE: NIRAJ532986ISIN INE368I01016

Industrials
Civil Construction

Share price

₹24.40+0.40 (+1.67%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹45.60
52W low: ₹20.59
Off 52W high: -46.49%
1M return: -11.08%
3M return: -16.01%
6M return: -20.86%
1Y return: -16.70%
20D avg volume: 1,904
50 DMA: ₹27.42
200 DMA: ₹29.12

Key ratios Consolidated

Market cap: ₹145.65 Cr
Current price: ₹24.40
52W high / low: ₹45.60 / ₹20.59
Face value: ₹10.00
P/E: 6.15
P/B: 0.55
EPS (TTM): ₹3.97
Book value / share: ₹44.55
ROE: —
ROCE: 11.60%
Operating margin: —
Net margin: —
Debt / equity: 0.29
Net debt: ₹44.14 Cr
Interest cover: 10.48
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 37.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	104.54	135.86	139.88	171.75	94.54	167.03	119.77	138.09	82.61	—
	6.99	6.38	3.08	2.28	2.88	2.26	1.38	0.99	1.71	—
	111.52	142.24	142.97	174.02	97.42	169.30	121.14	139.07	84.31	—
	106.55	134.14	135.05	162.79	96.12	159.44	117.96	133.42	82.82	—
	101.66	122.97	129.44	162.35	92.12	157.87	114.27	130.10	80.19	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.59	0.61	0.63	0.50	0.41	0.46	0.46	0.40	0.32	—
	2.64	2.01	0.91	0.06	0.04	0.02	0.02	0.02	0.02	—
	0.55	0.67	0.58	0.63	0.57	0.61	0.53	0.56	0.51	—
	2.39	3.47	3.18	2.37	3.09	4.48	2.68	1.72	1.88	—
	4.97	8.10	7.92	11.23	1.30	9.86	3.19	5.65	1.49	—
	0.00	0.00	0.00	0.00	0.00	0.91	-0.27	-0.50	-0.41	—
	4.97	8.10	7.92	11.23	1.30	10.77	2.92	5.15	1.08	—
	1.40	2.45	2.25	2.41	0.30	2.30	0.75	1.24	0.25	—
	3.57	5.65	5.67	8.81	1.00	8.47	2.17	3.92	0.83	—
	0.60	0.95	0.95	1.48	0.17	0.14	0.50	0.98	0.21	—
Key metrics
	8.16	10.78	9.41	11.92	1.91	11.40	3.47	5.73	1.61	—
	7.80%	7.90%	6.70%	6.90%	2.00%	6.80%	2.90%	4.10%	1.90%	—
	3.40%	4.20%	4.10%	5.10%	1.10%	5.10%	1.80%	2.80%	1.00%	—
	—	3.70%	—	4.40%	—	4.40%	—	—	—	—
	10.60%	-18.70%	16.80%	24.40%	14.40%	—	—	—	—	—
	257.00%	-33.30%	161.30%	124.70%	20.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	552.03	542.03	507.14	—
	18.73	14.61	6.33	—
	570.75	556.64	513.47	—
	538.53	528.11	493.12	—
	516.42	506.88	482.44	—
	0.00	0.00	0.00	—
	2.33	2.15	1.60	—
	5.62	3.01	0.08	—
	2.43	2.45	2.22	—
	11.41	12.11	10.28	—
	32.22	28.54	20.35	—
	0.00	0.00	-0.27	—
	32.22	28.54	20.08	—
	8.51	7.40	5.00	—
	23.70	21.14	15.08	—
	3.98	3.54	2.54	—
Key metrics
	40.27	34.00	22.38	—
	7.29%	6.30%	4.40%	—
	4.29%	3.90%	3.00%	—
	—	11.60%	8.20%	—
	6.28%	6.90%	—	—
	52.31%	40.20%	—	—
	—	-103.15	-77.95	—
	—	-4.64	-5.17	—
	—	0.29	0.01	—
	—	44.14	-39.11	—
	—	37.0	28.7	—
Balance sheet
	—	467.34	384.17	—
	—	396.15	309.37	—
	—	31.88	41.33	—
	—	72.60	68.98	—
	—	5.64	7.15	—
	—	9.35	31.48	—
	—	14.28	11.57	—
	—	23.34	36.09	—
	—	195.79	139.65	—
	—	76.02	2.22	—
	—	70.82	0.00	—
	—	5.20	2.22	—
	—	265.92	241.95	—
Cash flow
	—	-98.00	-77.95	—
	—	17.07	4.46	—
	—	70.79	75.24	—
	—	5.15	0.00	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	104.30	134.63	139.75	171.62	94.44	166.61	119.70	138.02	82.39	—
	7.07	6.54	3.10	2.29	2.88	2.48	1.38	0.99	1.71	—
	111.37	141.17	142.85	173.90	97.32	169.09	121.07	139.01	84.09	—
	105.91	133.51	134.50	162.31	95.92	158.99	117.84	133.22	82.62	—
	101.66	122.97	129.44	162.35	92.12	157.87	114.27	130.10	80.19	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	0.51	—	—
	0.45	0.47	0.48	0.40	0.37	0.40	0.44	0.40	0.31	—
	2.64	2.01	0.91	0.06	0.04	0.02	0.02	0.02	0.02	—
	0.49	0.63	0.58	0.63	0.57	0.61	0.53	0.56	0.51	—
	1.94	3.02	2.77	1.99	2.93	4.09	2.58	1.53	1.69	—
	5.46	7.66	8.35	11.59	1.40	10.10	3.24	5.79	1.47	—
	0.00	0.00	0.00	0.00	0.00	0.81	-0.27	-0.50	-0.41	—
	5.46	7.66	8.35	11.59	1.40	10.91	2.97	5.29	1.06	—
	1.40	2.43	2.25	2.41	0.30	2.76	0.75	1.24	0.25	—
	4.06	5.23	6.10	9.18	1.10	8.14	2.22	4.05	0.81	—
	0.68	0.88	1.02	1.54	0.18	0.14	0.51	1.01	0.20	—
Key metrics
	8.59	10.30	9.84	12.28	2.01	11.54	3.52	5.87	1.59	—
	8.20%	7.70%	7.00%	7.20%	2.10%	6.90%	2.90%	4.30%	1.90%	—
	3.90%	3.90%	4.40%	5.30%	1.20%	4.90%	1.90%	2.90%	1.00%	—
	—	3.60%	—	4.60%	—	4.50%	—	—	—	—
	10.40%	-19.20%	16.80%	24.30%	14.60%	—	—	—	—	—
	269.10%	-35.70%	174.80%	126.70%	35.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	550.30	540.44	506.72	—
	19.00	14.80	6.55	—
	569.29	555.24	513.27	—
	536.23	526.24	492.68	—
	516.42	506.88	482.43	—
	0.00	0.00	0.00	—
	1.80	1.72	1.55	—
	5.62	3.01	0.08	—
	2.33	2.41	2.22	—
	9.72	10.71	9.89	—
	33.06	29.00	20.59	—
	0.00	0.00	-0.37	—
	33.06	29.00	20.22	—
	8.49	7.40	5.00	—
	24.57	21.60	15.22	—
	4.12	3.62	3.02	—
Key metrics
	41.01	34.42	22.52	—
	7.45%	6.40%	4.40%	—
	4.46%	4.00%	3.00%	—
	—	12.00%	8.30%	—
	6.08%	6.70%	—	—
	58.41%	41.90%	—	—
	—	-88.22	-82.23	—
	—	-3.97	-5.11	—
	—	0.25	0.00	—
	—	37.92	-30.30	—
	—	35.8	29.2	—
Balance sheet
	—	459.87	382.09	—
	—	394.16	307.40	—
	—	30.12	30.30	—
	—	70.76	68.45	—
	—	5.34	6.86	—
	—	8.61	14.31	—
	—	11.74	11.57	—
	—	23.16	34.70	—
	—	192.55	138.08	—
	—	68.04	0.00	—
	—	68.04	0.00	—
	—	0.00	0.00	—
	—	266.93	243.68	—
Cash flow
	—	-85.65	-77.79	—
	—	20.33	-1.51	—
	—	64.45	75.45	—
	—	2.57	-4.44	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +6.08%
Profit YoY (TTM): +58.41%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +6.28%
Profit YoY (TTM): +52.31%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 24.94%

Quarter	September 2026	June 2026
Promoter %	24.94%	24.91%

Holder	Type	Holding	Previous	Change
BYLAN-NIRAJ INFRA PROJECTS PRIVATE LIMITED	Public	21.44%	21.44%	0.00%
CHEM LOGISTICS & INFRA PRIVATE LIMITED	Public	19.60%	19.60%	0.00%
Gulshan Vijaykumar Chopra	Promoter	8.78%	8.75%	+0.03%
DILEEP KUMAR SINGH	Public	7.10%	7.09%	+0.01%
Aishwarya Gulshan Chopra	Promoter	4.66%	4.66%	0.00%
Siddhant Gulshan Chopra	Promoter	4.66%	4.66%	0.00%
Pooja Gulshankumar Chopra	Promoter	4.66%	4.66%	0.00%
Asha Vijay Chopra	Promoter	2.18%	2.18%	0.00%
EXPERTSOURCE GLOBAL SERVICES	Public	1.40%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
Niraj Cement Structurals Limited	146	24.40	6.15	11.60%	+6.28% TTM	+52.31% TTM	-16.70%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

We hereby intimate that compliance certificate issued by RTA for the quarter ended 30th September, 2026 has been attached.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We hereby intimate that trading window of the Company shall remain closed from 1st October, 2026 till 48 hours from conclusion of board meeting for the quarter and half year ended 30th ....29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer report for the 28th AGM of the company28 Sep 2026 · AGM/EGM / AGM
The AGM of the company was held on Monday, 28th September, 2026 at the registered office of the company.28 Sep 2026 · AGM/EGM / AGM
Copy of Newspaper Publication5 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed the Notice of the 28th AGM to be held on 28th September, 2026 through VC/OAVM.4 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith the Annual Report of 28th Annual General Meeting of the Company.4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Copy of Newspaper Advertisement3 Sep 2026 · Company Update / Newspaper Publication
We hereby inform that the company has incorporated Section 8 company limited by guarantee for social welfare and CSR activities.21 Aug 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Shareholders of Niraj Cement Structurals Ltd ("Target Company").20 Aug 2026 · Company Update / General
Copy of Newspaper Advertisement15 Aug 2026 · Company Update / Newspaper Publication
To consider and approve the Un-audited standalone and consolidated result for the quarter ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting of the Company held on Friday, August 14, 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
The Board Meeting to be held on 13/08/2026 has been revised to 14/08/2026 Corrigendum to Intimation of Board Meeting of Niraj Cement Structurals Limited8 Aug 2026 · Company Update / Board Meeting Rescheduled
Niraj Cement Structurals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Intimation of the ....8 Aug 2026 · Board Meeting / Board Meeting
Intimation of received of work order5 Aug 2026 · Company Update / Award of Order / Receipt of Order
Open Offer Update on Pre Offer Advertisement30 Jul 2026 · Company Update / Open Offer - Updates
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of Niraj Cement Structurals Ltd ("Target Company").30 Jul 2026 · Company Update / Open Offer
Intimation of Recommendation of the Committee of Independent Director on the open offer to the shareholder of Company29 Jul 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders ....29 Jul 2026 · Company Update / General
Outcome of Meeting of Committee of Independent Directors for Open Offer of Niraj Cement Structurals Limited28 Jul 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention to the Shareholders of Niraj Cement Structurals Ltd ("Target Company").20 Jul 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for the attention to the Shareholders of Niraj Cement ....20 Jul 2026 · Company Update / General
We hereby submit RTA compliance certificate for the quarter ended June 30, 2026.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Shareholders of Niraj Cement Structurals Ltd ("Target Company").1 Jul 2026 · Company Update / General
Please find herewith the E-voting results of the Postal Ballot along with the Scrutinizer''s Report.1 Jul 2026 · AGM/EGM / Postal Ballot
Please find herewith the E voting results of postal ballot along with the Scrutinizer''s Report.1 Jul 2026 · AGM/EGM / Postal Ballot
We hereby inform that the trading window of the Company shall be closed for all the designated persons from July 01, 2026 till 48 hours of declaration of financial results.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Public Shareholders of Niraj Cement Structurals ....23 Jun 2026 · Company Update / General
Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1) read with Regulation 13 and Regulation 14 and Regulation ....16 Jun 2026 · Company Update / Open Offer
Intimation regarding Credit Rating under Regulation 30 of SEBI LODR 201512 Jun 2026 · Company Update / Credit Rating
Copy of Newspaper Publication30 May 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot29 May 2026 · AGM/EGM / Postal Ballot
Annual Secretarial Compliance Report for the period ended March 31, 202629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication23 May 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30 of SEBI (LODR) Regulation, 201521 May 2026 · Company Update / General
Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026.21 May 2026 · Result / Financial Results
Outcome of Board Meeting of the Company held on Thursday, May 21, 202621 May 2026 · Board Meeting / Outcome of Board Meeting
Niraj Cement Structurals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve the Audited Financial ....15 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....25 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

Board meetings

14 Aug 2026 Board Meeting - Financial Results