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Niraj Cement Structurals NIRAJ.NS · INR

Industrials · NSE · 🇮🇳 India

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25.90

+1.97%

Close of 9 Nov 2026, in INR

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At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹5.42bn

FY2017FY2026

Net income

₹211.4m

FY2017FY2026

Free cash flow

−₹915.5m

FY2017FY2026

Shareholders' equity

₹2.66bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹5.42bn₹5.07bn₹4.71bn₹6.06bn₹3.56bn₹1.75bn₹1.19bn₹1.09bn₹1.08bn₹1.08bn
Gross profit₹290.5m₹345.3m₹276.7m₹190.6m₹91.0m₹44.6m₹27.9m₹34.8m₹10.9m₹46.0m
Operating income₹199.5m₹204.3m₹144.7m₹73.0m₹33.4m−₹14.8m₹32.4m₹928,792₹41.6m₹15.3m
Net income₹211.4m₹150.8m₹97.2m₹43.3m₹24.3m₹13.2m₹15.7m₹12.4m₹10.5m₹7.7m
Diluted earnings per share3.542.532.241.080.610.300.480.670.560.52

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹4.67bn₹3.84bn₹2.25bn₹3.15bn₹3.13bn₹2.77bn₹2.30bn₹2.18bn₹2.65bn₹3.52bn
Cash and short-term investments₹318.8m₹413.3m₹229.4m₹228.1m₹371.9m₹56.6m₹101.6m₹9.7m₹24.3m₹135.2m
Total liabilities₹2.01bn₹1.42bn₹725.4m₹1.39bn₹1.33bn₹1.00bn₹545.3m₹617.7m₹1.10bn₹1.99bn
Debt₹708.2m₹22.2m₹7.2m₹259.3m₹134.6m₹303.2m₹193.5m₹204.6m₹571.2m₹1.55bn
Shareholders' equity₹2.66bn₹2.42bn₹1.52bn₹1.77bn₹1.79bn₹1.77bn₹1.75bn₹1.56bn₹1.54bn₹1.53bn
Shares outstanding60m60m43m40m40m44m33m19m19m15m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations−₹864.0m−₹720.9m₹269.1m−₹298.5m₹385.2m−₹51.8m−₹180.1m₹91.0m₹499.9m−₹591.3m
Capital spending−₹51.5m−₹44.4m−₹39.0m−₹129,000−₹431,000−₹443,000−₹453,439−₹750,389−₹4.0m−₹159,432
Free cash flow−₹915.5m−₹765.3m₹230.1m−₹298.6m₹384.8m−₹52.3m−₹180.5m₹90.2m₹495.9m−₹591.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹1.05bn₹1.36bn₹1.40bn₹1.72bn₹945.4m₹1.67bn₹1.20bn₹1.38bn
Gross profit₹30.1m₹71.9m₹101.4m₹113.7m₹25.2m₹154.2m₹54.9m₹73.8m
Operating income₹6.2m₹37.3m₹88.3m₹90.1m₹13.3m₹76.1m₹29.3m₹51.7m
Net income₹35.7m₹56.5m₹56.7m₹88.1m₹10.0m₹84.7m₹21.7m₹39.2m
Diluted earnings per share0.600.950.951.480.171.420.500.90
Cash from operations———−₹247.0m—−₹41.0m—−₹10.0m
Capital spending———−₹26.0m————
Free cash flow———−₹273.0m————
Total assets—₹4.67bn—₹3.90bn—₹3.84bn—₹2.42bn
Cash and short-term investments—₹318.8m₹256.2m₹256.2m₹413.3m₹413.3m₹263.9m₹263.9m
Debt—₹760.2m—₹51.0m—₹45.6m—₹23.1m
Shareholders' equity—₹2.66bn₹2.55bn₹2.55bn₹2.42bn₹2.42bn₹1.57bn₹1.57bn

Financial ratios

Data as of 2 Nov 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin5.4%6.8%5.9%3.1%2.6%2.6%
Operating margin5.8%4.0%2.8%1.2%0.9%1.3%
Net margin3.9%3.0%2.1%0.7%0.7%0.8%
Return on equity8.0%6.2%6.4%2.5%1.4%0.7%
Return on assets4.5%3.9%4.3%1.4%0.8%0.5%
Free cash flow yield-56.8%-47.3%29.6%-31.0%40.1%-4.9%
Revenue growth6.9%7.7%-22.3%70.1%103.9%47.5%
Earnings growth40.2%55.1%124.7%78.1%83.6%-16.0%
Current ratio2.02x2.22x2.77x1.90x2.04x2.42x
Debt to equity0.29x0.02x0.00x0.15x0.08x0.17x
Equity ratio56.9%63.0%67.8%56.0%57.4%63.9%
Interest coverage10.48x255.02x49.47x15.18x24.19x10.10x
Buybacks as a share of market value-0.1%-37.5%-8.0%0.0%8.0%-33.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.7%25.4%17.7%
Operating income39.8%—20.0%
Net income69.7%74.1%41.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin6.1%5.2%4.7%4.4%
Operating margin3.8%2.9%2.4%2.4%
Net margin3.5%2.4%2.0%1.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings7.215.532.140.656.0105.2100.5
Price to sales0.30.50.70.30.40.81.3

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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