NIRAJ · Niraj Cement Structurals Ltd · Construction Services
NIRAJ · Niraj Cement Structurals Ltd · Construction Services
As of 06 Nov close
52-week range
44.2% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹105 Cr
Revenue YoY
PAT YoY
+257.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.6
P/S (TTM)
0.3
Sector P/E
10.8
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NIRAJ (this stock) | 7.5 | 0.6 | +4.3% | +8.9% | 0.29 | 0.0% |
| DLF | 34.5 | 3.5 | +65.8% | +9.8% | 0.01 | +1.2% |
| Lodha Developers | 23.1 | 4.6 | +22.7% | +17.7% | 0.42 | +0.4% |
| Indus Towers | 14.4 | 2.4 | +21.8% | +17.3% | 0.52 | +3.6% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedNiraj Cement Structurals Limited's 2025-26 annual report highlights the company's focus on infrastructure development aligned with government initiatives, emphasizing sustained public investment in core infrastructure. The report outlines the company's commitment to corporate governance, ethical business practices, and risk management frameworks. It also details the company's adherence to internal controls and financial reporting standards, as well as its engagement in corporate social responsibility (CSR) activities.
- Alignment with government infrastructure initiatives and sustained public investment in core infrastructure.
- Commitment to corporate governance, ethical business practices, and risk management frameworks.
- Adherence to internal controls and financial reporting standards.
- Engagement in corporate social responsibility (CSR) activities.
Key takeaway: Niraj Cement Structurals Limited is deeply aligned with government infrastructure initiatives, emphasizing sustained public investment in core infrastructure as a strategic priority.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items); Investigation or enforcement mention (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceEarlier (1-3 years ago)
The auditor has highlighted two emphasis of matter sections in the financial statements of Niraj Cement Structural Limited. First, the company booked turnover and costs related to joint venture entities and partners, but the projects were handled by the joint venture partners/entities, and no TDS has been deducted on advance payments made to contractors. Second, the company reversed contractual revenue and corresponding subcontracting costs and other direct expenses in the year ended 31st March, 2024, mainly due to adoption of prudent accounting practices and various contractual reasons.
Regulatory Action
3 occurrencesRecent (last 12 months)
SEBI imposed a penalty of ₹ 4 Lakhs on the Company for non-compliance relating to obtaining prior approval for a Related Party Transaction during the Financial Year 2023-24.
Earlier (1-3 years ago)
SEBI levied a fine of Rs. 4 Lakhs on the company for shortfall in obtaining prior approval of related party transaction during FY 2023-24.
SEBI levied a fine of Rs. 4,00,000/- for shortfall in obtaining prior approval of related party transaction. BSE and NSE each levied a fine of Rs. 1,45,000/- for non-filing of Statement of Impact of Audit Qualification for the Quarter 31st March, 2023.
Investigation or enforcement mention
3 occurrencesRecent (last 12 months)
The Director General of GST Intelligence (DGGI) conducted a search and seizure at the company's Mumbai office on 6 January 2021 under CGST Act Sections 67(1) and (2). The company has challenged this in the Gujarat High Court, with the matter sub-judice, and deposited ₹108.40 Lacs under protest without defined tax liability.
Earlier (1-3 years ago)
The DGGI conducted a search and seizure at the company's Mumbai office on 6th January 2021 under CGST Act Sections 67(1) and (2). The company challenged this in the Gujarat High Court, and the matter is sub-judice. The company deposited Rs.108.40 Lakhs under protest, which was adjusted by the department against disputed dues, with no provision made in the books.
The Director General of GST Intelligence conducted a search and seizure at Niraj Cement Structural Limited's Mumbai office on January 6, 2021, under CGST Act sections 67(1) and (2). The company has challenged this in the Gujarat High Court, with the matter sub-judice. The company deposited Rs.108.40 Lakhs under protest, which the department adjusted against disputed dues, and no provision was made in the books.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has provided ₹2,769.36 lakh as provision for Expected Credit Loss (ECL) against litigation/arbitration processes in progress, with ₹162.93 lakh recovered during the year. Disputed receipts and payments from reversed contracts are unsettled and reflected as Other Current Liabilities and Assets.
Earlier (1-3 years ago)
The company has a contingent liability of Rs.2116.73 Lakhs related to claims under arbitration.
The company has contingent liabilities related to income tax demands for various assessment years, with a total of Rs.2,065.51 Lakhs, and pending arbitration claims amounting to Rs.2,116.73 Lakhs.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company approved material related party transactions with M/s. NCSL-RYC and M/s. Yojaka-Niraj JV, involving up to ₹100 crore and ₹300 crore annually, respectively, for five years. The transactions are stated to be at arm's length and in the ordinary course of business.
Earlier (1-3 years ago)
The company has disclosed transactions with several joint ventures and entities where control exists, including Niraj - Satish (JV), Niraj - Jandu JV, Niraj - SCPL JV, Niraj - Mahavir JV, RKD JV, Niraj - SMIPL JV, Niraj - Patel JV, and Niraj - Babul Nath JV, among others.
The company approved a material related party transaction with M/s. Niraj – BN Infra Projects LLP JV, a joint venture, for a period of five years up to Rs. 500 Crores per financial year.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues disputes pending with specified amounts and authorities, as of March 31, 202.