Niraj Cement Structurals Ltd (NIRAJ) — shareholding pattern, promoter holding, financials and share price
About Niraj Cement Structurals Ltd (NIRAJ)
Niraj Cement Structurals Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as NIRAJ and on the BSE under scrip code 532986. Its ISIN is INE368I01016.
Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services [1]
Niraj Cement Structurals Ltd (NCSL) specializes in infrastructure projects, focusing on construction of highways, roads, bridges, and tunnels. The company executes projects through subcontracting, often via competitive bidding processes.
NCSL grew from a modest pre-casting outfit in the 1970s to a modern civil construction company, handling complex projects like the Bandra-Worli Sea Link and sections of the Mumbai-Pune Expressway.
Listed peers in Civil Construction: Current Infraprojects Ltd, Twamev Construction & Infrastructure Ltd, HVAX Technologies Ltd, Karbonsteel Engineering Ltd, Desco Infratech Ltd, Mahendra Realtors & Infrastructure Ltd.
Valuation & Returns
10 Jul 2026At ₹29.69 a share on 10 Jul 2026, Niraj Cement Structurals Ltd (NIRAJ) was valued at a price-to-earnings ratio of 8.39x against an industry P/E of 25.97x and a price-to-book of 0.73x on a book value of ₹40.75 per share as of Mar 2025. Solomo computes return on equity of 8.69% and return on capital employed of 12.86% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 8.39x
- Industry P/E
- 25.97x
- P/B
- 0.73x
- EPS (TTM)
- ₹3.54
- Book value / share
- ₹40.75
- ROE
- 8.69%
- ROCE
- 12.86%
- ROA
- 5.49%
- Debt / equity
- 0.01x
- Dividend yield
- 0%
- EBITDA margin
- 6.27%
- 52-week range
- ₹20.59 – ₹59
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Niraj Cement Structurals Ltd (NIRAJ) reported revenue of ₹542 crore, net profit of ₹21 crore and earnings per share of ₹3.54. That compares with revenue of ₹507 crore and net profit of ₹15 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹135.86 crore and net profit ₹5.65 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 356 | 606 | 471 | 507 | 542 |
| Net profit (₹ cr) | 2 | 4 | 10 | 15 | 21 |
| EPS (₹) | 0.61 | 1.08 | 2.42 | 2.53 | 3.54 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 18.98% | 32.60% | 12.45% | 7.71% |
| Profit growth | 41.72% | 57.41% | 82.88% | 55.14% |
| Stock price CAGR | 10% | -10% | -4% | -46% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 24.89% of Niraj Cement Structurals Ltd (NIRAJ) (unchanged from the previous quarter) and domestic institutional investors (DII) hold 0.13%. Market capitalisation was ₹177 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: Bylan-Niraj Infra Projects Private Limited 21.44%, Chem Logistics & Infra Private Limited 19.6%, Dileep Kumar Singh 7.09%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 24.89% | - | - | 0.13% | 75.11% |
| Mar 2026 | 24.89% | - | 0.09% | - | 75.11% |
| Dec 2025 | 24.89% | - | 0.09% | - | 75.11% |
| Sep 2025 | 24.89% | - | - | 0.63% | 75.11% |
| Jun 2025 | 24.89% | - | - | 0.63% | 75.11% |
| Mar 2025 | 24.89% | - | - | - | 75.11% |
| Dec 2024 | 22.53% | - | - | - | 77.47% |
| Sep 2024 | 24.26% | - | 0.12% | - | 75.74% |