| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 105 | 94.5 | +10.6% |
| EBITDA | 1.2 | −1.0 | — |
| EBITDA margin | 1.1% | −1.0% | +2.1 pts |
| Profit before tax | 5.0 | 1.3 | +282.6% |
| Net profit | 3.6 | 1.0 | +257.1% |
| EPS | ₹0.60 | ₹0.17 | +252.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 148 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 31.9 | 31.9 | 41.3 | 22.9 | 22.8 | ||
| 76.0 | 76.0 | 2.2 | 0.7 | 26.2 | ||
| 192 | — | — | — | — | ||
| 552 | 542 | 507 | 471 | 606 | ||
| — | +6.9% | +7.7% | −22.3% | — | ||
| 21.5 | 19.4 | 16.3 | 15.8 | 9.2 | ||
| 3.9% | 3.6% | 3.2% | 3.4% | 1.5% | ||
| 19.1 | 16.9 | 14.1 | 14.2 | 7.9 | ||
| 23.7 | 21.1 | 15.1 | 9.7 | 4.3 | ||
| 4.3% | 3.9% | 3.0% | 2.1% | 0.7% | ||
| ₹3.97 | ₹3.54 | ₹2.53 | ₹1.63 | ₹0.72 | ||
| — | +40.2% | +55.1% | +124.7% | — | ||
| — | −98.0 | −78.0 | 26.9 | −29.9 | ||
| — | −5.2 | 0.0 | −3.9 | 0.0 | ||
| −103 | −103 | −78.0 | 23.0 | −29.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 147.6 | |
| - Cash, Equiv & ST Investments | 22.8 | 22.9 | 41.3 | 31.9 | 31.9 | |
| + Total Debt | 26.2 | 0.7 | 2.2 | 76.0 | 76.0 | |
| Enterprise Value | — | — | — | — | 191.8 | |
| Revenue | 606.1 | 470.9 | 507.1 | 542.0 | 552.0 | |
| Growth %, YoY | — | -22.3 | +7.7 | +6.9 | — | |
| EBITDA | 9.2 | 15.8 | 16.3 | 19.4 | 21.5 | |
| Margin % | 1.52 | 3.36 | 3.22 | 3.58 | 3.90 | |
| EBIT | 7.9 | 14.2 | 14.1 | 16.9 | 19.1 | |
| Net Income | 4.3 | 9.7 | 15.1 | 21.1 | 23.7 | |
| Margin % | 0.71 | 2.06 | 2.97 | 3.90 | 4.29 | |
| EPS, Adj (current shares) | 0.72 | 1.63 | 2.53 | 3.54 | 3.97 | |
| Growth %, YoY | — | +124.7 | +55.1 | +40.2 | — | |
| Cash from Operations | -29.9 | 26.9 | -78.0 | -98.0 | — | |
| Capital Expenditures | -0.0 | -3.9 | -0.0 | -5.2 | — | |
| Free Cash Flow | -29.9 | 23.0 | -78.0 | -103.2 | -103.2 | |
Prices at the previous close · figures from the company's filings with NSE
Niraj Cement Structurals (NSE: NIRAJ) had a market capitalisation of ₹148 crore at the previous close (₹24.73 a share), a PE ratio of 6.2 on the last four quarters' profit and a price-to-book ratio of 0.56. In FY26 its consolidated net profit was ₹21.1 crore on revenue of ₹542 crore; in Q1 FY27 (April–June 2026) it was ₹3.6 crore, up 257.1% year on year. Its debt-to-equity ratio was 0.29 on 31 March 2026. Promoters held 24.93% of the shares on 30 September 2026.
Niraj Cement Structurals' PE ratio is 6.2 at the previous close (₹24.73 a share): a market capitalisation of ₹148 crore divided by consolidated net profit of ₹23.7 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹21.1 crore) it is 7.0.
Niraj Cement Structurals' price-to-book (PB) ratio is 0.56 at the previous close: a market capitalisation of ₹148 crore divided by shareholders' equity (book value) of ₹266 crore on 31 March 2026. That is a book value of ₹44.55 per share against a share price of ₹24.73.
Niraj Cement Structurals' net worth — shareholders' equity in its consolidated balance sheet — was ₹266 crore on 31 March 2026, up 9.9% from ₹242 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹148 crore at the previous close.
Niraj Cement Structurals' market capitalisation was ₹148 crore at the previous close: 5.97 crore shares at ₹24.73 each.
No. Niraj Cement Structurals had borrowings of ₹76 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.29. Its cash and current investments were ₹31.9 crore, so its net debt was ₹44.1 crore.
Niraj Cement Structurals' basic earnings per share (EPS) were ₹3.54 in FY26, against ₹2.99 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹3.98.
Niraj Cement Structurals' debt-to-equity ratio was 0.29 on 31 March 2026: borrowings of ₹76 crore against total equity of ₹266 crore. A year earlier, on 31 March 2025, it was 0.01.
Niraj Cement Structurals' book value per share was ₹44.55 on 31 March 2026: shareholders' equity of ₹266 crore divided by the 5.97 crore shares in issue, up 9.9% from ₹40.53 a year earlier. The share price at the previous close was ₹24.73.
Niraj Cement Structurals has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, Niraj Cement Structurals' return on equity (ROE) was 8.3% and its return on capital employed (ROCE) was 6.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 7.7% and ROCE 7.1%.
Promoters held 24.93% of Niraj Cement Structurals on 30 September 2026, up 0.04 percentage points from 24.89% the previous quarter and up 0.04 percentage points from 24.89% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Niraj Cement Structurals' shares were held by promoters 24.93%, domestic institutions (DII) 0.16% and retail and other non-institutional investors 74.91%. Over the year, DII holding was down 0.47 percentage points from 0.63%.
In FY26, Niraj Cement Structurals generated ₹98 crore of cash from operations and spent ₹5.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹103 crore. In FY25 it was −₹78 crore.
Niraj Cement Structurals' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹3.6 crore, up 257.1% from ₹100 lakh in Q1 FY26; revenue from operations ₹105 crore, up 10.6% year on year.
In FY26 (April 2025–March 2026), Niraj Cement Structurals' consolidated net profit was ₹21.1 crore, up 40.2% from ₹15.1 crore in FY25, on revenue from operations of ₹542 crore (up 6.9%). Over three years, from FY23, net profit was up 388.7%.
On FY26 consolidated figures, against Sadbhav Engineering, Tarmat and Bharat Road Network: Niraj Cement Structurals' operating margin of 3.1% is the third highest of the four (Sadbhav Engineering 40.3%, Tarmat 4.8%, Bharat Road Network −58.3%; peer average −4.4%); its revenue growth over three years of −3.7% a year is the highest of the four (Sadbhav Engineering −18.2% a year, Tarmat −6.5% a year, Bharat Road Network −22.1% a year; peer average −15.6% a year).
In FY26, Niraj Cement Structurals earned net profit of ₹21.1 crore on revenue of ₹542 crore, against ₹26.3 crore on ₹973 crore for Sadbhav Engineering. Niraj Cement Structurals' operating margin was 3.1% (Sadbhav Engineering 40.3%).
From Niraj Cement Structurals' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.