Niraj Cement Structurals Limited (NIRAJ) AI Stock Analysis

• Market Cap: ₹2.24B
• Dividend Yield: N/A
• Average Volume (3M): 18.57K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 1.34
• Revenue Growth: 14.89%
• EPS Growth: 7.47%
• Country: IN
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Engineering & Construction
• EPS (TTM): 1.48
• Shares Outstanding: 59,694,340
• 10 Day Avg. Volume: 18,875
• 30 Day Avg. Volume: 18,570
• PEG Ratio: 0.40
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.54
• P/FCF Ratio: -3.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹35.00 ▼(-5.61% Downside)

The overall stock score of 64 reflects strong revenue growth and improved profit margins, balanced by operational and cash flow challenges. The technical analysis indicates a bearish trend with potential for price correction, while the valuation suggests the stock is reasonably priced. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market opportunities and effective sales strategies, which can support long-term business expansion.

Improved Profit Margins

Improving profit margins suggest better cost control and efficiency, enhancing the company's profitability and competitive position.

Reduced Leverage

Reduced leverage strengthens the balance sheet, providing financial stability and flexibility for future investments and growth.

Negative Factors

Cash Flow Challenges

Negative cash flow poses liquidity risks, potentially limiting the company's ability to fund operations and invest in growth opportunities.

Operational Efficiency

Modest operational efficiency can hinder profitability and competitiveness, necessitating strategic initiatives to enhance performance.

Free Cash Flow Deterioration

Deteriorating free cash flow indicates potential liquidity issues, impacting the company's ability to self-fund growth and operations.

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-quality cement, ready-mix concrete, and various pre-cast concrete structures. With a focus on meeting the growing demands of the construction industry, NIRAJ has established a robust distribution network, catering to both residential and commercial projects.

How the Company Makes Money

Niraj Cement Structurals Limited generates revenue primarily through the sale of its cement and concrete products. The company has a multi-faceted revenue model that includes direct sales to construction firms, contractors, and builders, as well as retail sales through distributors and dealers. Key revenue streams include bulk cement sales, ready-mix concrete contracts, and customized pre-cast concrete solutions for specific projects. Additionally, NIRAJ may engage in strategic partnerships with construction companies and government contracts which further enhance its revenue potential. Factors such as market demand for infrastructure development, the company's production capacity, and its ability to maintain competitive pricing play significant roles in driving earnings.

Niraj Cement Structurals Limited Financial Statement Overview

Summary

Niraj Cement Structurals Limited shows a strong revenue growth trajectory, indicating expanding market opportunities. Profit margins have improved, but operational efficiencies still require attention to enhance profitability further. The balance sheet reflects a stable equity position and reduced leverage, although cash flow challenges pose a risk to liquidity. Continued focus on operational efficiency and cash flow management will be crucial for sustained financial health.

Income Statement

The company has shown a solid revenue growth trend with an increase from 1.71 billion in 2021 to 5.13 billion in 2025. The gross profit margin is improving but still low at 6.72% in 2025, compared to 0.43% in 2021. The net profit margin has increased to 2.94% in 2025 from 0.77% in 2021, indicating better cost control. However, the EBIT and EBITDA margins remain relatively modest, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet reflects moderate leverage with a debt-to-equity ratio of 0.01 in 2025, showing a significant reduction from 0.17 in 2021. The equity ratio is strong at 62.98%, indicating a stable equity base. Return on equity (ROE) has improved to 6.23% in 2025 from 0.75% in 2021, reflecting better profitability. However, potential risks include fluctuating total liabilities and the need for further strengthening of equity.

Cash Flow

The cash flow situation presents challenges, with a negative operating cash flow of -720.9 million in 2025 compared to 269.1 million in 2024. Free cash flow has also deteriorated to -765.3 million in 2025 from 230.1 million in 2024, indicating potential liquidity issues. Despite these challenges, the company has managed to secure financing, as seen from the positive financing cash flow, which could support future operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.19B	5.07B	4.71B	6.06B	3.56B	1.75B
Gross Profit	308.16M	345.28M	276.67M	190.56M	90.97M	44.59M
EBITDA	224.99M	226.45M	149.50M	86.75M	47.64M	36.21M
Net Income	155.49M	150.82M	97.23M	43.27M	24.29M	13.23M
Balance Sheet
Total Assets	0.00	3.84B	2.25B	3.15B	3.13B	2.77B
Cash, Cash Equivalents and Short-Term Investments	413.29M	413.29M	229.44M	228.12M	371.90M	56.60M
Total Debt	0.00	22.19M	7.24M	259.27M	134.61M	303.17M
Total Liabilities	-2.42B	1.42B	725.36M	1.39B	1.33B	1.00B
Stockholders Equity	2.42B	2.42B	1.52B	1.77B	1.79B	1.77B
Cash Flow
Free Cash Flow	0.00	-765.33M	230.13M	-298.63M	384.75M	-52.27M
Operating Cash Flow	0.00	-720.92M	269.13M	-298.50M	385.19M	-51.82M
Investing Cash Flow	0.00	-207.72M	-48.56M	143.54M	-110.39M	-91.89M
Financing Cash Flow	0.00	1.05B	-257.14M	50.12M	-169.91M	93.38M

Niraj Cement Structurals Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 37.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 37.08 is above the 20-day moving average (MA) of 33.17, below the 50-day MA of 37.57, and below the 200-day MA of 49.59, indicating a neutral trend. The MACD of 0.35 indicates Negative momentum. The RSI at 57.61 is Neutral, neither overbought nor oversold. The STOCH value of 63.43 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CENTEXT	66 Neutral	₹2.28B	23.10	―	―	―	―
NIRAJ	64 Neutral	₹2.24B	10.51	―	―	14.89%	7.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SALSTEEL	57 Neutral	₹3.43B	-21.08	―	―	0.19%	-2962.74%
BVCL	55 Neutral	₹1.04B	31.32	―	―	-2.41%	-4.51%
BEDMUTHA	54 Neutral	₹4.07B	35.45	―	―	34.36%	-100.15%
KAKATCEM	53 Neutral	₹1.11B	-4.08	―	2.21%	-32.19%	-1097.08%

Niraj Cement Structurals Limited Corporate Events

Niraj Cement Structurals Limited Releases Q2 2025 Financial Results

Niraj Cement Structurals Limited announced its un-audited standalone and consolidated financial results for the quarter ended June 30, 2025. The results were published in the Financial Express and Mumbai Lakshdeep newspapers. This announcement is part of the company’s compliance with regulatory requirements and provides stakeholders with insights into the company’s financial performance for the specified period.