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As of 6 Nov 2026, Cemindia Projects trades at 36.4× trailing earnings, above the industry P/E of 16.4×, and the shares are 20% below their 52-week high. Its ROCE of 37% is the highest among the 7 largest Engineering & Construction peers, and sales and net profit grew 25% and 69% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.35× equity. It is a small-cap company with a market cap of ₹24,405 Cr, ranked 3rd of 156 Engineering & Construction companies by market cap; the shares rose 49% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,260.00
Day high
₹1,357.00
Day low
₹1,239.60
Prev. close
₹1,287.40
Volume
8.6 L

Health check

4 good · 2 to check
  • ReturnsAhead

    +49.2% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 36.4 vs industry 16.4.

  • GrowthStrong

    Sales +25.5%, profit +68.8% a year over 3 years.

  • ProfitabilityStrong

    ROCE 37.1% vs peer median 16.7%.

  • Balance sheetSolid

    Debt 0.35× equity, interest covered 6.9×, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 36.4 against an industry P/E of 16.4.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹24,405 Cr, #3 of 156 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹10,725 Cr · profit ₹624 Cr
Market cap
₹24,405 Cr
Small cap
P/E
36.4
Industry 16.4
Price to book
8.68
Peers 4.92
Dividend yield
0.23%
ROE
26.7%
Peers 16.1%
ROCE
37.1%
Peers 16.7%
Debt to equity
0.35
Debt ₹921 Cr
EPS (TTM)
₹36.35
Face value ₹1
OPM (TTM)
10.4%
Net margin 5.8%
Sales growth
+25.2%
Latest quarter vs a year ago
Profit growth
+21.2%
Latest quarter vs a year ago
Price to sales
2.28
EV/EBITDA 21.4

Strengths and risks

Strengths

  • Return on equity of 26.7%.
  • Return on capital employed of 37.1%.
  • Quarterly profit up 21.2% on a year ago.
  • Quarterly sales up 25.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 36.4 against an industry P/E of 16.4.

Derived automatically from reported figures. Not a recommendation.

About Cemindia Projects

Cemindia Projects Limited provides construction and civil engineering contracting services in India. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on concrete and steel piles, solid gravity type wharf structures, ship lifts, dry docks, wet basins, and inclined berths; mass rapid transport systems (MRTs); airports; highways, bridges, and flyovers; foundations and specialized engineering works…

Headquarters
Mumbai
Employees
3,187
Sector
Industrials
ISIN
INE686A01026
Website
cemindia.co.in

Price range

52 weeks

₹503.30₹1,649.20

Today

₹1,239.60₹1,357.00
Avg volume (3M)
3.9 L
1-year return
plus 49.2%
From 52-week high
minus 19.8%

Analyst consensus

5 analysts
No consensusMean target ₹1,564.60 plus 18.2%

Target range, with today’s price

Low ₹1,459.00High ₹1,700.00

Today’s price ₹1,323.30 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
LTLarsen & Toubro4,117.70plus 1.67%5,66,54931.719.614.6%9.6%1.0516.1%plus 3.2%
RVNLRail Vikas Nigam193.34minus 0.18%40,31244.956.911.0%4.3%0.490.2%minus 40.5%
CEMPROCemindia Projects1,323.30plus 2.79%24,40536.424.237.1%10.4%0.3525.5%plus 49.2%
KPILKalpataru Projects International1,370.80minus 0.04%23,41019.710.119.9%8.3%0.4618.4%plus 4.3%
NBCCNBCC (India)78.00minus 2.90%21,06026.519.834.3%6.1%0.0012.9%minus 29.5%
ENGINERSINEngineers India292.70minus 1.94%16,45118.321.528.1%21.2%0.005.7%plus 51.1%
WABAGVA Tech Wabag1,988.20plus 6.57%12,43429.420.816.3%10.9%0.099.9%plus 33.2%
LOTUSDEVSri Lotus Developers and Realty233.82minus 0.16%11,42739.038.216.7%36.7%0.0666.4%plus 31.7%
Median of 7 peers–−0.16%21,06029.420.816.7%9.6%0.0912.9%4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–2,1952,3152,9732,7212,749
–1,9882,0942,6162,4462,481
–207222358275268
–9.4%9.6%12.0%10.1%9.7%
–36.32392.310.412
–53.450.161.15057.7
–43.342.738.742.742.1
–146152350192180
–26.5%27.1%30.9%26.8%27.4%
137–111242141131
7.99–6.4514.108.207.60

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+25.5%
Profit CAGR 3Y
+68.8%
EPS CAGR 3Y
+68.8%
ROE
26.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,0907,7179,24610,061
–+51.6%+19.8%+8.8%
4,6596,9168,3909,036
4328018561,024
8.5%10.4%9.3%10.2%
−5.6−13.9−25.784
108148155140
114208183166
−20.9−48.91514.9
184383508818
32.2%28.4%26.6%26.9%
124274373598
–+120.3%+36.2%+60.3%
7.2315.9321.7034.79

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17.217.217.217.2
1,2201,4771,8162,382
7668899931,001
3,0133,5343,0263,686
5,0175,9175,8527,086
1,0111,1031,1051,203
16522.134.141.3
58.954.4––
474701509634
3,3074,0374,2045,208
5,0175,9175,8527,086

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
471704184500
−438−419−234−149
27.8−123−218−243
60.7162−268108
−418−356−228−264
52.8348−43.8236
−7.7−12.9−29.2−34.3

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 7.1% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you