Niraj Cement Structurals share price & results
- Jun 2026
- Jun 2026
Mumbai-based infrastructure contractor building highways, expressways, turnkey roads, bridges and tunnels — asset-light with no owned manufacturing facility, executing via joint ventures and sub-contracting.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 104 | +10.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 1.5 | +2.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.1 | +269.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 9.29 | +0.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -19.03 | −3.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 6.27 | −0.7 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −27.7% 1Y
1Y: ₹33.11 on 24 Oct 2025 → ₹23.94. High ₹43.2 (22 Dec 2025), low ₹20.73 (30 Mar 2026).
- Previous close
- ₹23.6
- Market cap
- ₹164 Cr
- 52-week range
- ₹20.73 – ₹43.2
- One year
- −28.60%
- Price to earnings (TTM to Jun 2026)
- 6.92×
- Return on equity (TTM to Jun 2026)
- 9.29%
Overview
- Symbol
- NSE:NIRAJ
- Sector
- Construction
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Niraj Cement Structurals Limited does
Based on the company's own presentations, annual report and earnings calls.
Niraj Cement Structurals Limited is a Mumbai-headquartered company engaged in infrastructure construction — building highways, expressways, turnkey road projects, bridges and tunnels. It holds no manufacturing facility of its own, operating as an asset-light contractor. Project execution is carried out partly through joint ventures (Niraj-SPPL JV and Jeet-Niraj JV) and, while it builds up a direct order book, through sub-contracting arrangements with other players in the infrastructure market.
Segments
- Infrastructure & road construction
- Joint venture project execution
- Manufacturing facilities
- None — asset-light infrastructure contractor
- Joint ventures for project execution
- 2 (Niraj-SPPL JV; Jeet-Niraj JV)
- Project types executed
- Highways, expressways, turnkey roads, bridges, tunnels
- Execution model
- Sub-contracting to other infrastructure players while building a direct order book
- Registered/head office
- 1 (Chembur, Mumbai)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +269% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 138 | 120 | 167 | 94 | 172 | 140 | 135 | 104 |
| Expenses | 133 | 117 | 158 | 95 | 162 | 133 | 131 | 103 |
| Operating profit | 5 | 2 | 8 | -1 | 10 | 7 | 4 | 2 |
| Operating margin | 3.9% | 2.0% | 5.0% | −0.9% | 5.8% | 4.8% | 2.8% | 1.5% |
| Other income | 0 | 1 | 3 | 3 | 2 | 3 | 7 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 5 | 3 | 11 | 1 | 12 | 8 | 8 | 5 |
| Tax rate | 23.4% | 25.3% | 25.3% | 21.6% | 20.8% | 26.9% | 31.7% | 25.6% |
| Net profit | 4 | 2 | 8 | 1 | 9 | 6 | 5 | 4 |
| EPS (₹ per share) | 1.01 | 0.51 | 1.36 | 0.18 | 1.54 | 1.02 | 0.88 | 0.68 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 605 | 470 | 507 | 540 |
| Expenses | 596 | 456 | 490 | 521 |
| Operating profit | 9 | 14 | 16 | 20 |
| Other income | -1 | 2 | 6 | 15 |
| Interest | 0 | 0 | 0 | 3 |
| Depreciation | 1 | 2 | 2 | 2 |
| Profit before tax | 6 | 14 | 20 | 29 |
| Net profit | 4 | 10 | 15 | 22 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 43 | 43 | 40 | 60 | 60 | 60 |
| Reserves | 136 | 133 | 113 | 184 | 196 | 207 |
| Borrowings | 13 | 26 | 0 | 1 | 2 | 68 |
| Other liabilities | 120 | 112 | 103 | 140 | 132 | 125 |
| Total liabilities | 313 | 314 | 256 | 384 | 389 | 460 |
| Fixed assets | 8 | 7 | 9 | 12 | 12 | 12 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 14 | 14 | 15 | 23 | 17 | 14 |
| Other assets | 290 | 293 | 231 | 349 | 360 | 434 |
| Total assets | 313 | 314 | 256 | 384 | 389 | 460 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -5 | 39 | -30 | 28 | -83 | -86 |
| Cash from investing | -9 | -11 | 15 | -6 | -19 | 20 |
| Cash from financing | 9 | -17 | 5 | -26 | 104 | 64 |
| Net cash flow | -5 | 10 | -11 | -4 | 2 | -1 |
| Free cash flow | -5 | 39 | -30 | 24 | -87 | -88 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 138 | 79 | 62 | 44 | 49 | 48 |
| Cash conversion cycle | 138 | 79 | 62 | 44 | 49 | 48 |
| Working capital days | 254 | 98 | 62 | 56 | 100 | 116 |
| Return on capital employed | 2.0% | 4.0% | 6.0% | 12.0% | 10.0% | 11.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 74.98% as of Jun 2026; institutions added 0.04 pts since Mar 2026.
- Promoters 24.89%
- Foreign institutions 0.00%
- Domestic institutions 0.13%
- Public 74.98%
Who is on the register
Named in the Jun 2026 filing
Every holder of Niraj Cement Structurals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.44% | unchanged | |
| 19.60% | unchanged | |
| 8.75% | unchanged | |
| 7.09% | unchanged | |
| 4.66% | unchanged | |
| 4.66% | unchanged | |
| 4.66% | unchanged | |
| 2.18% | unchanged | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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