NIRAJ share price, P/E, ROE & financials

On 6 Nov 2026, Niraj Cement Structurals was priced at ₹25.40, or 6.4× trailing earnings, against an industry P/E of 16.4×, and the shares are 44% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Engineering & Construction peers, and sales fell 3.9% a year over 3 years while net profit grew 70%. Debt is 0.29× equity. It is a small-cap company with a market cap of ₹152 Cr, ranked 106th of 156 Engineering & Construction companies by market cap; the shares fell 12% over the past year.

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

past year

Open: ₹25.94
Day high: ₹26.78
Day low: ₹25.14
Prev. close: ₹25.94
Volume: 5.1K

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−12.2% over a year, better than 2 of 7 peers.
Price tagCheaper
P/E 6.4 vs industry 16.4.
GrowthSteady
Sales −3.9%, profit +69.7% a year over 3 years.
ProfitabilityWeak
ROCE 11.6% vs peer median 19.9%.
Balance sheetStretched
Debt 0.29× equity, interest covered 10.5×, Piotroski 3 of 9.
Red flags1 to check
44% below its 52-week high.

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

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹152 Cr, #106 of 156 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹552 Cr · profit ₹24 Cr

Market cap: ₹152 Cr; Small cap
P/E: 6.4; Industry 16.4
Price to book: 0.57; Peers 4.92
Dividend yield: 0.00%
ROE: 8.3%; Peers 17.9%
ROCE: 11.6%; Peers 19.9%
Debt to equity: 0.29; Debt ₹76 Cr
EPS (TTM): ₹3.98; Face value ₹10
OPM (TTM): 3.9%; Net margin 4.3%
Sales growth: +10.6%; Latest quarter vs a year ago
Profit growth: +257.1%; Latest quarter vs a year ago
Price to sales: 0.27; EV/EBITDA 4.8

Strengths

Quarterly profit up 257.1% on a year ago.
P/E of 6.4 against an industry P/E of 16.4.

Risks to check

44% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Niraj Cement Structurals

Niraj Cement Structurals Limited engages in the civil construction and infrastructure business in India. The company engages in construction of highways, expressways, turnkey projects, roads, bridges, and tunnels, etc. It is also involved in water supply and drainage, irrigation, storm water drainage, and other infrastructural work. Niraj Cement Structurals Limited was founded in 1972 and is headquartered in Mumbai, India.

Headquarters: Mumbai
Employees: 22
Sector: Industrials
ISIN: INE368I01016
Website: niraj.co.in

Price range

52 weeks

₹20.15₹45.50

Today

₹25.14₹26.78

Avg volume (3M): 37.4K
1-year return: minus 12.2%
From 52-week high: minus 44.2%

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
LTLarsen & Toubro	4,117.70	plus 1.67%	5,66,549	31.7	19.6	14.6%	9.6%	1.05	16.1%	plus 3.2%
RVNLRail Vikas Nigam	193.34	minus 0.18%	40,312	44.9	56.9	11.0%	4.3%	0.49	0.2%	minus 40.5%
CEMPROCemindia Projects	1,323.30	plus 2.79%	24,405	36.4	24.2	37.1%	10.4%	0.35	25.5%	plus 49.2%
KPILKalpataru Projects International	1,370.80	minus 0.04%	23,410	19.7	10.1	19.9%	8.3%	0.46	18.4%	plus 4.3%
NBCCNBCC (India)	78.00	minus 2.90%	21,060	26.5	19.8	34.3%	6.1%	0.00	12.9%	minus 29.5%
ENGINERSINEngineers India	292.70	minus 1.94%	16,451	18.3	21.5	28.1%	21.2%	0.00	5.7%	plus 51.1%
WABAGVA Tech Wabag	1,988.20	plus 6.57%	12,434	29.4	20.8	16.3%	10.9%	0.09	9.9%	plus 33.2%
NIRAJNiraj Cement Structurals	25.40	minus 2.08%	152	6.4	10.5	11.6%	3.9%	0.29	−3.9%	minus 12.2%
Median of 7 peers	–	−0.04%	23,410	29.4	20.8	19.9%	9.6%	0.35	12.9%	4.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
94.5	172	140	136	105
95.5	162	134	131	103
−1	9.6	6.3	4.4	1.2
−1.0%	5.6%	4.5%	3.2%	1.1%
2.9	2.3	3.1	6.4	7
0	0.1	0.9	2	2.6
0.6	0.6	0.6	0.7	0.5
1.3	11.2	7.9	8.1	5
23.1%	21.5%	28.4%	30.2%	28.2%
1	8.8	5.7	5.7	3.6
0.17	1.48	0.95	0.95	0.60

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −3.9%
Profit CAGR 3Y: +69.7%
EPS CAGR 3Y: +48.7%
ROE: 8.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
593	463	502	527
–	minus 21.9%	+8.4%	+5.0%
583	447	485	505
9.2	15.8	16.3	21.3
1.6%	3.4%	3.3%	4.0%
4	7.2	6.7	12.6
0.5	0.2	0.1	3
1.4	1.7	2.2	2.4
−4.6	−8.1	−0.6	0.1
6.8	13	20.1	28.5
36.6%	25.4%	24.9%	25.9%
4.3	9.7	15.1	21.1
–	+124.7%	+55.1%	+40.2%
1.08	2.42	3.51	3.55

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
40.2	40.2	59.7	59.7
136	112	184	206
25.9	0.7	2.2	76
113	104	139	125
315	257	385	467
7.1	9.3	11.6	14.3
–	–	0.9	0.5
14.5	15.2	22.9	14.4
5	1.4	14.6	4.5
288	231	335	434
315	257	385	467

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−29.9	26.9	−72.9	−98
14.5	−4.9	−18.9	17.1
4.8	−25.7	105	70.8
−10.5	−3.7	13.2	−10.1
−0	−3.9	−4.4	−5.2
−29.9	23	−77.3	−103

Shareholding pattern

Source: NSE filings

24.9%

promoters

Promoters24.93%
Public75.07%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	24.93%	75.07%	plus 0.04
30 Jun 2026	24.89%	75.11%	0.00
31 Mar 2026	24.89%	75.11%	0.00
31 Dec 2025	24.89%	75.11%	0.00
30 Sep 2025	24.89%	75.11%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you