Niraj Cement Structurals Limited (NIRAJ) AI Stock Analysis

• Market Cap: ₹1.65B
• Dividend Yield: N/A
• Average Volume (3M): 18.57K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.42
• Revenue Growth: 14.89%
• EPS Growth: 7.47%
• Country: IN
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Engineering & Construction
• EPS (TTM): 0.95
• 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: 63 Neutral
• Price Target: ₹30.00 ▼(-20.09% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 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.

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...

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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

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

• Technical Analysis Sentiment: Neutral
• Last Price: 37.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 25.12, above the 50-day MA of 28.83, and below the 200-day MA of 39.24, indicating a neutral trend. The MACD of -0.91 indicates Negative momentum. The RSI at 54.47 is Neutral, neither overbought nor oversold. The STOCH value of 80.32 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEDMUTHA	70 Outperform	₹3.74B	-23.14	―	―	34.36%	-100.15%
CENTEXT	64 Neutral	₹1.64B	15.66	―	―	―	―
NIRAJ	63 Neutral	₹1.65B	10.33	―	―	14.89%	7.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SALSTEEL	57 Neutral	₹4.34B	15.95	―	―	0.19%	-2962.74%
BVCL	55 Neutral	₹949.11M	-10.25	―	―	-2.41%	-4.51%
KAKATCEM	54 Neutral	₹769.61M	-5.21	―	2.30%	-32.19%	-1097.08%