Niraj Cement Structurals Limited (IN:NIRAJ)
:NIRAJ
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Niraj Cement Structurals Limited
(NIRAJ)
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Rating:51Neutral
Price Target:
₹29.00
▼(-22.75% Downside)
Action:Reiterated
Date:05/23/26
The score is held back mainly by weak recent cash flow (negative operating and free cash flow) and increased leverage in 2026 despite improved reported profitability. Technicals are neutral-to-mixed with longer-term weakness, while the relatively low P/E provides some valuation support.
Positive Factors
Improved Reported Profitability
Net income has risen materially versus earlier years, indicating the company achieved better operating results or cost control. Sustained profitability strengthens internal financing capacity, supports resilience through industry cycles, and provides a basis for reinvestment and creditor confidence.
Negative Factors
Weak Cash Generation
Operating and free cash flow turning deeply negative despite higher reported profits signals poor cash conversion likely from working-capital strain or cash outflows. This structural cash weakness raises reliance on external financing, heightens liquidity risk, and constrains capex and operational flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Reported Profitability
Net income has risen materially versus earlier years, indicating the company achieved better operating results or cost control. Sustained profitability strengthens internal financing capacity, supports resilience through industry cycles, and provides a basis for reinvestment and creditor confidence.
Read all positive factors
Niraj Cement Structurals Limited (NIRAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.81B
Dividend YieldN/A
Average Volume (3M)18.57K
Price to Earnings (P/E)10.3
Beta (1Y)1.77
Revenue Growth6.81%
EPS Growth14.22%
CountryIN
Employees19
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)3.50
Shares Outstanding59,694,340
10 Day Avg. Volume18,875
30 Day Avg. Volume18,570
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.07
Price to Sales (P/S)1.59
P/FCF Ratio-9.94
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 executes various infrastructure projects in India. The company constructs highways, expressways, turnkey project roads, bridges, tunnels, etc.; and water supply and drainage, irrigation, land storm water drainage, ...
How the Company Makes Money
null...
Niraj Cement Structurals Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.53B | 5.42B | 5.07B | 4.71B | 6.06B | 3.56B |
| Gross Profit | 348.15M | 290.46M | 345.28M | 276.67M | 190.56M | 90.97M |
| EBITDA | 286.70M | 169.37M | 226.45M | 149.50M | 86.75M | 47.64M |
| Net Income | 204.46M | 211.42M | 150.82M | 97.23M | 43.27M | 24.29M |
Balance Sheet | ||||||
| Total Assets | 3.90B | 4.67B | 3.84B | 2.25B | 3.15B | 3.13B |
| Cash, Cash Equivalents and Short-Term Investments | 256.16M | 318.81M | 413.29M | 229.44M | 228.12M | 371.90M |
| Total Debt | 33.00M | 708.21M | 22.19M | 7.24M | 259.27M | 134.61M |
| Total Liabilities | 1.35B | 2.01B | 1.42B | 725.36M | 1.39B | 1.33B |
| Stockholders Equity | 2.55B | 2.66B | 2.42B | 1.52B | 1.77B | 1.79B |
Cash Flow | ||||||
| Free Cash Flow | -274.21M | -915.52M | -765.33M | 230.13M | -298.63M | 384.75M |
| Operating Cash Flow | -247.39M | -864.01M | -720.92M | 269.13M | -298.50M | 385.19M |
| Investing Cash Flow | 117.39M | 24.59M | -207.72M | -48.56M | 143.54M | -110.39M |
| Financing Cash Flow | 9.89M | 738.02M | 1.05B | -257.14M | 50.12M | -169.91M |
Niraj Cement Structurals Limited Technical Analysis
Positive
37.54
Price Trends
28.09
Positive
31.16
Negative
36.03
Negative
Market Momentum
0.42
Positive
52.08
Neutral
16.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NIRAJ, the sentiment is Positive. The current price of 37.54 is above the 20-day moving average (MA) of 30.51, above the 50-day MA of 28.09, and above the 200-day MA of 36.03, indicating a neutral trend. The MACD of 0.42 indicates Positive momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 16.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹150.91B | 30.53 | ― | 0.24% | 10.00% | 60.40% | |
66 Neutral | ₹36.41B | 8.36 | ― | 0.67% | 0.52% | -1.01% | |
66 Neutral | ₹5.40T | 29.97 | ― | 0.84% | 11.79% | 15.95% | |
62 Neutral | ₹16.43B | 10.51 | ― | 1.00% | -12.45% | -74.71% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹29.45B | 20.71 | ― | 0.52% | 30.55% | 18.50% | |
51 Neutral | ₹1.81B | 10.33 | ― | ― | 6.81% | 14.22% |
* Basic Materials Sector Average
IN:NIRAJ
Niraj Cement Structurals Limited
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-50.95%
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Niraj Cement Structurals Limited Corporate Events
Niraj Cement Structurals Confirms SEBI Compliance on Share Dematerialisation for Q4 FY26
Apr 13, 2026
Niraj Cement Structurals Limited has reported that its registrar and share transfer agent, MUFG Intime India Private Limited, has certified compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quar...
Exchange Seeks Clarification From Niraj Cement Structurals After Sharp Stock Move
Apr 9, 2026
The stock of Niraj Cement Structurals Limited has shown significant price movement, prompting the exchange to seek updated and relevant information from the company. The exchange’s action aims to safeguard investor interests by ensuring tran...
Niraj Cement Says Sharp Share Price Move Is Market-Driven, Affirms Full Disclosures
Apr 9, 2026
Niraj Cement Structurals Limited has responded to a query from the National Stock Exchange regarding the recent significant movement in its share price. The company stated it has complied with all disclosure obligations under SEBI’s Listing ...
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.