Niraj Cement Structurals Limited (IN:NIRAJ)
:NIRAJ
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Niraj Cement Structurals Limited
(NIRAJ)
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Rating:63Neutral
Price Target:
₹30.00
▼(-20.09% Downside)
Action:ReiteratedDate:04/09/26
The score is driven mainly by solid financial progress (rapid revenue growth, improving profitability, and very low leverage) but is held back by a sharp deterioration in operating/free cash flow. Technicals are mixed with the stock still below key longer-term moving averages, while valuation (P/E 10.33) provides moderate support.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion indicates the company is scaling market penetration and product/service demand. A larger revenue base improves operating leverage potential, supports reinvestment capacity, and underpins longer-term growth opportunities over the next 2–6 months.
Negative Factors
Cash Flow Deterioration
Sharp negative operating and free cash flows materially weaken liquidity and raise reliance on external financing. Persistent cash deficits constrain capital allocation, heighten execution risk for projects, and could force costly funding or delay investments in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion indicates the company is scaling market penetration and product/service demand. A larger revenue base improves operating leverage potential, supports reinvestment capacity, and underpins longer-term growth opportunities over the next 2–6 months.
Read all positive factors
Niraj Cement Structurals Limited (NIRAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.77B
Dividend YieldN/A
Average Volume (3M)18.57K
Price to Earnings (P/E)10.3
Beta (1Y)1.70
Revenue Growth20.80%
EPS Growth14.87%
CountryIN
Employees19
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.95
Shares Outstanding59,694,340
10 Day Avg. Volume18,875
30 Day Avg. Volume18,570
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.13
Price to Sales (P/S)0.54
P/FCF Ratio-3.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Niraj Cement Structurals Limited Business Overview & Revenue Model
Company Description
Niraj Cement Structurals Limited (NIRAJ) is a prominent player in the construction and infrastructure sector, primarily engaged in the manufacture and supply of a diverse range of cement-based products. The company specializes in producing high-qu...
How the Company Makes Money
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Niraj Cement Structurals Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.53B | 5.07B | 4.71B | 6.06B | 3.56B | 1.75B |
| Gross Profit | 348.15M | 345.28M | 276.67M | 190.56M | 90.97M | 44.59M |
| EBITDA | 286.70M | 226.45M | 149.50M | 86.75M | 47.64M | 36.21M |
| Net Income | 204.46M | 150.82M | 97.23M | 43.27M | 24.29M | 13.23M |
Balance Sheet | ||||||
| Total Assets | 3.90B | 3.84B | 2.25B | 3.15B | 3.13B | 2.77B |
| Cash, Cash Equivalents and Short-Term Investments | 256.16M | 413.29M | 229.44M | 228.12M | 371.90M | 56.60M |
| Total Debt | 33.00M | 22.19M | 7.24M | 259.27M | 134.61M | 303.17M |
| Total Liabilities | 1.35B | 1.42B | 725.36M | 1.39B | 1.33B | 1.00B |
| Stockholders Equity | 2.55B | 2.42B | 1.52B | 1.77B | 1.79B | 1.77B |
Cash Flow | ||||||
| Free Cash Flow | -274.21M | -765.33M | 230.13M | -298.63M | 384.75M | -52.27M |
| Operating Cash Flow | -247.39M | -720.92M | 269.13M | -298.50M | 385.19M | -51.82M |
| Investing Cash Flow | 117.39M | -207.72M | -48.56M | 143.54M | -110.39M | -91.89M |
| Financing Cash Flow | 9.89M | 1.05B | -257.14M | 50.12M | -169.91M | 93.38M |
Niraj Cement Structurals Limited Technical Analysis
Neutral
37.54
Price Trends
28.53
Positive
32.50
Negative
38.62
Negative
Market Momentum
0.38
Negative
61.70
Neutral
93.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NIRAJ, the sentiment is Neutral. The current price of 37.54 is above the 20-day moving average (MA) of 25.81, above the 50-day MA of 28.53, and below the 200-day MA of 38.62, indicating a neutral trend. The MACD of 0.38 indicates Negative momentum. The RSI at 61.70 is Neutral, neither overbought nor oversold. The STOCH value of 93.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NIRAJ.
Niraj Cement Structurals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹3.68B | -23.14 | ― | ― | 31.67% | -120.56% | |
65 Neutral | ₹1.06B | -5.21 | ― | 2.30% | -16.31% | -583.45% | |
64 Neutral | ₹1.72B | 15.66 | ― | ― | 12.97% | 27.11% | |
63 Neutral | ₹1.77B | 10.33 | ― | ― | 20.80% | 14.87% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹1.01B | -10.25 | ― | ― | -3.70% | -99.13% | |
51 Neutral | ₹6.02B | 15.95 | ― | ― | -44.93% | -374.24% |
* Basic Materials Sector Average
IN:NIRAJ
Niraj Cement Structurals Limited
29.92
-27.28
-47.69%
IN:BEDMUTHA
Bedmutha Industries Limited
117.65
-42.85
-26.70%
IN:BVCL
Barak Valley Cements Limited
44.90
7.13
18.88%
IN:CENTEXT
Century Extrusions Ltd
22.04
4.01
22.24%
IN:KAKATCEM
Kakatiya Cement Sugar & Industries Ltd.
136.61
-5.67
-3.99%
IN:SALSTEEL
S.A.L. Steel Ltd.
58.90
39.61
205.34%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.