India's Richest People 2026 edition · 1 director · Source: Hurun India
- #641 Ramneek Sehgal & family ₹5,000 Cr
Market Cap
₹6,791 Cr
CEIGALL · NSE
Share Price
₹376.90
-3.32% today
Revenue
₹4,022 Cr
FY 2025-26 · +17.0% YoY
EBITDA
₹585 Cr
Margin 14.6%
Net Profit
₹312 Cr
FY 2025-26 · +9.9% YoY
P/E (TTM)
21.3x
P/B 3.2x
Authorised capital
₹110 Cr
Registered with MCA
Paid-up capital
₹87.1 Cr
Issued & subscribed
About Ceigall India Limited
Data last updated:
Ceigall India Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the utility projects segment of the construction sector. It was incorporated on 08 July 2002 and has been in existence for over 24 years.
Its director Ramneek Sehgal and family are #641 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L45201PB2002PLC025257. Its GSTIN is 03AADCC0088N1ZO (Punjab). The company holds 15 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544223 and NSE: CEIGALL.
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹87.1 Cr. It was formerly known as Ceigall Builders Private Limited. It is led by directors including Ramneek Sehgal (Managing Director) and Ayyalusamy Saravanan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 898 Tagore Nagar, Ludhiana, Punjab, India – 141001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,022.4 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹311.88 Cr (net margin 7.8%) and EBITDA of ₹585.43 Cr (EBITDA margin 14.6%). The net worth stands at ₹2,138.14 Cr (up 16.7% YoY). Total assets are valued at ₹3,461.84 Cr (up 6.7% YoY).
The company has about 1,578 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 1 brand: Ceigall. As per MCA filings, the company has open charges of ₹10,111 Cr and satisfied charges of ₹1,940.84 Cr on record. Court records list 112 cases involving the company, including 54 filed by the company and 59 filed against it; 32 cases are pending. The company has 9 deals on record (5 secondary share transfers, 2 market trades, 1 rights issue); the latest was in December 2025. Its 9 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 4 smaller; the largest is Ajanma Holdings Private Limited with revenue of ₹5,368.57 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ceigall.com.
Company details
CIN L45201PB2002PLC025257
Registration Number 025257
Incorporation Date 08 July 2002
ROC Chandigarh
Listing Status Listed - Listed on NSE (CEIGALL); Listed on BSE (544223)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Ceigall India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45201PB2002PLC025257, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45201PB2002PLC025257 | Current |
| U45201PB2002PTC025257 | Previous |
| U45201PB2002PLC025257 | Previous |
Key People
Ramneek Sehgal Managing Director Ayyalusamy Saravanan Whole-Time Director Pawan Kumar Whole-Time Director Recognitions & Rankings of Ceigall India
Contact details
Ceigall India Limited's registered office is in Ludhiana, Punjab. Its website is ceigall.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 898 Tagore Nagar, Ludhiana, Punjab, India – 141001
- IndustryConstruction, Utility Projects, Railways, Roads
To see the full contact details of Ceigall India Limited, buy the company report.
Comprehensive company report
Ceigall India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ceigall India operates one associated brand: Ceigall. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of roads, flyovers, bridges, railway over bridges, tunnels, and highways infrastructure development services | ceigall.com |
Business activity
The main business activity of Ceigall India is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Ceigall India Limited, buy the company report.
Financials of Ceigall India Limited
FY 2025-26 filings availableCeigall India Limited reported revenue of ₹4,022.4 Cr (up 17% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹4,022 Cr
+17.0% YoY
EBITDA
₹585 Cr
+12.9% YoY
Profit After Tax
₹312 Cr
+9.9% YoY
Net Worth
₹2,138 Cr
+16.7% YoY
Total Assets
₹3,462 Cr
+6.7% YoY
Total Debt
₹1,311 Cr
-6.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 4,022 | 3,437 | 3,029 | 2,068 | 1,134 | 873 |
| Revenue growth | +17.0% | +13.5% | +46.5% | +82.4% | +29.8% | - |
| EBITDA | 585 | 518 | 518 | 296 | 186 | 160 |
| EBITDA margin | +14.6% | +15.1% | +17.1% | +14.3% | +16.4% | +18.3% |
| Profit before tax | 418 | 385 | 405 | 225 | 169 | 151 |
| Net profit | 312 | 284 | 297 | 164 | 124 | 111 |
| Net profit margin | +7.8% | +8.3% | +9.8% | +7.9% | +10.9% | +12.8% |
| EPS (₹) | 17.73 | 16.88 | 19.48 | 21.29 | 16.02 | 1,145.62 |
| Balance sheet | ||||||
| Total assets | 3,462 | 3,246 | 1,976 | 1,298 | 749 | 337 |
| Net worth | 2,138 | 1,833 | 888 | 593 | 431 | 305 |
| Total debt | 1,311 | 1,397 | 1,066 | 703 | 316 | 29.70 |
| Cash & bank | 379 | 634 | 368 | 361 | 192 | 152 |
| Net working capital | 1,564 | 1,805 | 954 | 714 | 387 | 220 |
| Cash flow | ||||||
| Cash from operations | (91.28) | (520) | (211) | (72.66) | (135) | 103 |
| Cash from investing | (43.92) | (130) | (38.16) | (134) | (164) | (19.62) |
| Cash from financing | 8.15 | 846 | 275 | 326 | 310 | (6.50) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 970 | 1,387 | 991 | 807 | 838 | 1,012 | 831 | 772 |
| Revenue growth (YoY) | +15.7% | +37.1% | +19.3% | +4.5% | +1.9% | - | - | - |
| Other income | 11.44 | 12.30 | 10.86 | 16.65 | 14.44 | 23.21 | 10.59 | 14.62 |
| EBITDA | 141 | 224 | 139 | 114 | 109 | 128 | 123 | 123 |
| EBITDA margin | +14.5% | +16.1% | +14.0% | +14.1% | +13.0% | +12.6% | +14.9% | +15.9% |
| Depreciation | 13.02 | 16.31 | 15.51 | 15.76 | 14.13 | 16.15 | 12.05 | 14.07 |
| Interest | 43.92 | 43.61 | 37.46 | 37.29 | 42.01 | 37.02 | 27.37 | 35.39 |
| Profit before tax | 95.35 | 176 | 97.03 | 77.22 | 67.42 | 97.93 | 94.55 | 88.19 |
| Tax | 31.61 | 46.90 | 24.66 | 21.06 | 16.09 | 25.54 | 23.74 | 22.67 |
| Net profit | 63.74 | 129 | 72.37 | 56.16 | 51.33 | 72.39 | 70.81 | 65.52 |
| EPS (₹) | 3.66 | 7.41 | 4.16 | 3.22 | 2.95 | 4.16 | 4.06 | 4.04 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,869 | 3,385 | 2,955 | 2,065 | 1,131 | 873 | 792 |
| Revenue growth | +14.3% | +14.6% | +43.1% | +82.7% | +29.5% | +10.3% | - |
| EBITDA | 487 | 432 | 439 | 298 | 187 | 160 | 129 |
| EBITDA margin | +12.6% | +12.8% | +14.8% | +14.4% | +16.5% | +18.3% | +16.2% |
| Profit before tax | 411 | 362 | 368 | 249 | 171 | 151 | 119 |
| Net profit | 305 | 261 | 268 | 182 | 125 | 111 | 88.80 |
| Net profit margin | +7.9% | +7.7% | +9.1% | +8.8% | +11.1% | +12.8% | +11.2% |
| EPS (₹) | 17.52 | 15.51 | 17.62 | 23.59 | 16.17 | 1,145.51 | 909.55 |
| Balance sheet | |||||||
| Total assets | 2,516 | 2,440 | 1,394 | 1,083 | 640 | 337 | 223 |
| Net worth | 2,098 | 1,799 | 878 | 613 | 433 | 305 | 193 |
| Total debt | 413 | 636 | 512 | 468 | 172 | 29.70 | 29.48 |
| Cash & bank | 363 | 541 | 328 | 359 | 186 | 152 | 39.90 |
| Net working capital | 1,524 | 1,668 | 826 | 730 | 343 | 220 | 58.09 |
| Cash flow | |||||||
| Cash from operations | 457 | (274) | 180 | 30.82 | 91.23 | 103 | 96.32 |
| Cash from investing | (253) | (282) | (135) | (164) | (218) | (19.59) | (122) |
| Cash from financing | (315) | 706 | (32.01) | 258 | 132 | (6.50) | 29.53 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 902 | 1,294 | 970 | 787 | 818 | 992 | 810 | 810 |
| Revenue growth (YoY) | +10.2% | +30.5% | +19.7% | -2.8% | +5.9% | - | - | - |
| Other income | 9.52 | 12.09 | 11.77 | 16.42 | 15.15 | 20.44 | 9.72 | 14.70 |
| Total expenses | 782 | 1,111 | 850 | 695 | 725 | 883 | 705 | 708 |
| EBITDA | 119 | 183 | 119 | 91.76 | 93.50 | 109 | 105 | 102 |
| EBITDA margin | +13.2% | +14.1% | +12.3% | +11.7% | +11.4% | +11.0% | +13.0% | +12.6% |
| Depreciation | 9.48 | 12.07 | 12.22 | 12.93 | 12.78 | 15.46 | 13.15 | 11.97 |
| Interest | 18.10 | 19.49 | 20.06 | 20.78 | 21.59 | 20.54 | 10.37 | 19.70 |
| Profit before tax | 101 | 163 | 98.94 | 74.47 | 74.28 | 93.62 | 91.20 | 84.96 |
| Tax | 25.77 | 44.20 | 24.49 | 18.60 | 18.36 | 23.97 | 23.01 | 21.68 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 970 | 1,387 | 991 | 807 | 838 | 1,012 | 831 | 772 |
| Revenue growth (YoY) | +15.7% | +37.1% | +19.3% | +4.5% | +1.9% | - | - | - |
| Other income | 11.44 | 12.30 | 10.86 | 16.65 | 14.44 | 23.21 | 10.59 | 14.62 |
| EBITDA | 141 | 224 | 139 | 114 | 109 | 128 | 123 | 123 |
| EBITDA margin | +14.5% | +16.1% | +14.0% | +14.1% | +13.0% | +12.6% | +14.9% | +15.9% |
| Depreciation | 13.02 | 16.31 | 15.51 | 15.76 | 14.13 | 16.15 | 12.05 | 14.07 |
| Interest | 43.92 | 43.61 | 37.46 | 37.29 | 42.01 | 37.02 | 27.37 | 35.39 |
| Profit before tax | 95.35 | 176 | 97.03 | 77.22 | 67.42 | 97.93 | 94.55 | 88.19 |
| Tax | 31.61 | 46.90 | 24.66 | 21.06 | 16.09 | 25.54 | 23.74 | 22.67 |
| Net profit | 63.74 | 129 | 72.37 | 56.16 | 51.33 | 72.39 | 70.81 | 65.52 |
| EPS (₹) | 3.66 | 7.41 | 4.16 | 3.22 | 2.95 | 4.16 | 4.06 | 4.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 4,022 | 3,437 | 3,029 | 2,068 | 1,134 | 873 |
| Revenue growth | +17.0% | +13.5% | +46.5% | +82.4% | +29.8% | - |
| Other income | 54.26 | 56.23 | 36.84 | 18.87 | 12.72 | 11.57 |
| Total expenses | 3,437 | 2,918 | 2,512 | 1,773 | 948 | 713 |
| Employee cost | 0.00 | 39.89 | 61.98 | 29.63 | 25.29 | 14.27 |
| EBITDA | 585 | 518 | 518 | 296 | 186 | 160 |
| EBITDA margin | +14.6% | +15.1% | +17.1% | +14.3% | +16.4% | +18.3% |
| Depreciation | 61.70 | 55.66 | 54.99 | 37.60 | 18.61 | 13.51 |
| Interest | 160 | 134 | 94.15 | 51.71 | 10.55 | 6.54 |
| Profit before tax | 418 | 385 | 405 | 225 | 169 | 151 |
| Tax | 109 | 98.01 | 101 | 57.92 | 43.61 | 38.75 |
| Net profit | 312 | 284 | 297 | 164 | 124 | 111 |
| Net profit margin | +7.8% | +8.3% | +9.8% | +7.9% | +10.9% | +12.8% |
| EPS (₹) | 17.73 | 16.88 | 19.48 | 21.29 | 16.02 | 1,145.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 87.10 | 87.10 | 78.57 | 39.28 | 39.28 | 0.98 |
| Reserves & surplus | 2,051 | 1,745 | 809 | 554 | 392 | 304 |
| Shareholders' funds (net worth) | 2,138 | 1,833 | 888 | 593 | 431 | 305 |
| Minority interest | 8.27 | 11.24 | 18.68 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,566 | 1,728 | 1,061 | 700 | 316 | 29.70 |
| Unsecured loans | (255) | (331) | 5.12 | 2.83 | 0.00 | 0.00 |
| Total debt | 1,311 | 1,397 | 1,066 | 703 | 316 | 29.70 |
| Total liabilities | 3,462 | 3,246 | 1,976 | 1,298 | 749 | 337 |
| Assets | ||||||
| Gross block | 521 | 489 | 432 | 345 | 189 | 115 |
| Net block | 341 | 339 | 301 | 249 | 126 | 67.32 |
| Capital work in progress | 3.58 | 23.25 | 2.01 | 1.84 | 3.95 | 0.73 |
| Investments | 10.10 | 5.74 | 2.22 | 22.54 | 70.81 | 12.57 |
| Inventories | 99.20 | 104 | 118 | 107 | 38.59 | 28.33 |
| Sundry debtors | 636 | 783 | 430 | 316 | 95.94 | 36.15 |
| Cash & bank balances | 379 | 634 | 368 | 361 | 192 | 152 |
| Loans & advances | 2,512 | 1,285 | 654 | 459 | 270 | 141 |
| Total current assets | 3,626 | 2,805 | 1,570 | 1,243 | 597 | 358 |
| Total current liabilities | 2,062 | 1,000 | 616 | 529 | 210 | 137 |
| Net working capital | 1,564 | 1,805 | 954 | 714 | 387 | 220 |
| Total assets | 3,462 | 3,246 | 1,976 | 1,298 | 749 | 337 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 440 | 243 | 217 | 97.47 | 86.03 | 8.97 |
| Net cash from operating activities | (91.28) | (520) | (211) | (72.66) | (135) | 103 |
| Net cash from investing activities | (43.92) | (130) | (38.16) | (134) | (164) | (19.62) |
| Net cash from financing activities | 8.15 | 846 | 275 | 326 | 310 | (6.50) |
| Net change in cash | (127) | 197 | 25.94 | 119 | 11.44 | 77.07 |
| Closing cash | 313 | 634 | 368 | 361 | 192 | 152 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +17.0% | +13.5% | +46.5% | +82.4% | +29.8% | - |
| EBITDA growth | +12.9% | +0.1% | +75.1% | +59.0% | +16.4% | - |
| PBT growth | +8.6% | -5.1% | +80.0% | +32.9% | +12.1% | +9997.0% |
| Net income growth | +9.9% | -4.5% | +81.2% | +32.3% | +11.3% | - |
| Revenue CAGR (3Y) | +24.8% | +44.7% | +51.4% | - | - | - |
| EBITDA CAGR (3Y) | +25.6% | +40.8% | +48.0% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +7.7% | +8.3% | +10.1% | +8.1% | +11.1% | +12.9% |
| Return on capital employed | - | +20.0% | +30.7% | +27.1% | +33.2% | +46.8% |
| Return on net worth | - | +21.1% | +41.1% | +32.7% | +34.2% | +36.9% |
| Debt / equity | - | 0.91 | 1.19 | 1.00 | 0.47 | 0.10 |
| Long-term debt / equity | - | 0.77 | 0.69 | 0.53 | 0.24 | 0.01 |
| Interest cover | 30.62 | 29.04 | 20.35 | 20.04 | 6.31 | 4.47 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 7.46 | 7.79 | 7.75 | 7.47 | 7.60 |
| Inventory turnover | - | 30.97 | 26.91 | 28.43 | 33.88 | 30.82 |
| Debtors turnover | - | 6.22 | 8.12 | 10.03 | 17.17 | 24.15 |
| EPS (₹) | 17.73 | 16.88 | 19.48 | 21.29 | 16.02 | 1,145.62 |
| Dividend per share (₹) | 0.50 | 0.00 | 0.00 | 1.50 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 105.20 | 56.49 | 75.48 | 54.89 | 3,108.90 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 902 | 1,294 | 970 | 787 | 818 | 992 | 810 | 810 |
| Revenue growth (YoY) | +10.2% | +30.5% | +19.7% | -2.8% | +5.9% | - | - | - |
| Other income | 9.52 | 12.09 | 11.77 | 16.42 | 15.15 | 20.44 | 9.72 | 14.70 |
| Total expenses | 782 | 1,111 | 850 | 695 | 725 | 883 | 705 | 708 |
| EBITDA | 119 | 183 | 119 | 91.76 | 93.50 | 109 | 105 | 102 |
| EBITDA margin | +13.2% | +14.1% | +12.3% | +11.7% | +11.4% | +11.0% | +13.0% | +12.6% |
| Depreciation | 9.48 | 12.07 | 12.22 | 12.93 | 12.78 | 15.46 | 13.15 | 11.97 |
| Interest | 18.10 | 19.49 | 20.06 | 20.78 | 21.59 | 20.54 | 10.37 | 19.70 |
| Profit before tax | 101 | 163 | 98.94 | 74.47 | 74.28 | 93.62 | 91.20 | 84.96 |
| Tax | 25.77 | 44.20 | 24.49 | 18.60 | 18.36 | 23.97 | 23.01 | 21.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,869 | 3,385 | 2,955 | 2,065 | 1,131 | 873 | 792 |
| Revenue growth | +14.3% | +14.6% | +43.1% | +82.7% | +29.5% | +10.3% | - |
| Other income | 55.43 | 53.18 | 37.05 | 20.36 | 12.72 | 11.57 | 6.44 |
| Total expenses | 3,382 | 2,953 | 2,516 | 1,767 | 944 | 713 | 663 |
| Employee cost | 0.00 | 38.33 | 57.22 | 29.49 | 25.29 | 14.27 | 13.92 |
| EBITDA | 487 | 432 | 439 | 298 | 187 | 160 | 129 |
| EBITDA margin | +12.6% | +12.8% | +14.8% | +14.4% | +16.5% | +18.3% | +16.2% |
| Depreciation | 50.00 | 51.46 | 46.40 | 37.60 | 18.61 | 13.51 | 9.62 |
| Interest | 81.92 | 72.36 | 61.21 | 32.42 | 10.13 | 6.54 | 6.09 |
| Profit before tax | 411 | 362 | 368 | 249 | 171 | 151 | 119 |
| Tax | 106 | 91.32 | 91.11 | 63.30 | 44.00 | 38.75 | 30.04 |
| Net profit | 305 | 261 | 268 | 182 | 125 | 111 | 88.80 |
| Net profit margin | +7.9% | +7.7% | +9.1% | +8.8% | +11.1% | +12.8% | +11.2% |
| EPS (₹) | 17.52 | 15.51 | 17.62 | 23.59 | 16.17 | 1,145.51 | 909.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 87.10 | 87.10 | 78.57 | 39.28 | 39.28 | 0.98 | 0.98 |
| Reserves & surplus | 2,011 | 1,712 | 800 | 574 | 394 | 304 | 192 |
| Shareholders' funds (net worth) | 2,098 | 1,799 | 878 | 613 | 433 | 305 | 193 |
| Secured loans | 412 | 636 | 744 | 465 | 172 | 29.70 | 29.48 |
| Unsecured loans | 1.18 | 0.35 | (232) | 2.83 | 0.00 | 0.00 | 0.00 |
| Total debt | 413 | 636 | 512 | 468 | 172 | 29.70 | 29.48 |
| Total liabilities | 2,516 | 2,440 | 1,394 | 1,083 | 640 | 337 | 223 |
| Assets | |||||||
| Gross block | 418 | 458 | 400 | 345 | 189 | 115 | 83.38 |
| Net block | 255 | 315 | 275 | 249 | 126 | 67.32 | 48.20 |
| Capital work in progress | 2.04 | 10.08 | 2.01 | 1.84 | 3.95 | 0.73 | 0.00 |
| Investments | 524 | 340 | 198 | 78.67 | 126 | 14.02 | 37.05 |
| Inventories | 99.20 | 104 | 100 | 107 | 38.59 | 28.33 | 12.73 |
| Sundry debtors | 1,068 | 958 | 485 | 348 | 95.94 | 36.15 | 47.47 |
| Cash & bank balances | 363 | 541 | 328 | 359 | 186 | 152 | 39.90 |
| Loans & advances | 1,702 | 1,084 | 487 | 445 | 167 | 141 | 64.81 |
| Total current assets | 3,233 | 2,686 | 1,400 | 1,259 | 488 | 358 | 165 |
| Total current liabilities | 1,708 | 1,018 | 574 | 528 | 145 | 137 | 107 |
| Net working capital | 1,524 | 1,668 | 826 | 730 | 343 | 220 | 58.09 |
| Total assets | 2,516 | 2,440 | 1,394 | 1,083 | 640 | 337 | 223 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 378 | 228 | 216 | 91.67 | 86.01 | 8.97 | 4.75 |
| Net cash from operating activities | 457 | (274) | 180 | 30.82 | 91.23 | 103 | 96.32 |
| Net cash from investing activities | (253) | (282) | (135) | (164) | (218) | (19.59) | (122) |
| Net cash from financing activities | (315) | 706 | (32.01) | 258 | 132 | (6.50) | 29.53 |
| Net change in cash | (111) | 150 | 12.19 | 124 | 5.66 | 77.04 | 4.10 |
| Closing cash | 363 | 541 | 328 | 359 | 186 | 152 | 39.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.3% | +14.6% | +43.1% | +82.7% | +29.5% | +10.3% | - |
| EBITDA growth | +12.8% | -1.5% | +47.1% | +59.5% | +17.1% | +24.2% | - |
| PBT growth | +13.6% | -1.8% | +48.0% | +45.4% | +13.1% | +26.7% | +9997.0% |
| Net income growth | +17.1% | -2.8% | +47.3% | +45.5% | +12.4% | +25.4% | - |
| Revenue CAGR (3Y) | +23.3% | +44.1% | +50.1% | +37.7% | - | - | - |
| EBITDA CAGR (3Y) | +17.8% | +32.2% | +40.0% | +32.4% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.9% | +8.0% | +9.4% | +9.0% | +11.2% | +12.9% | +11.3% |
| Return on capital employed | - | +22.6% | +34.7% | +32.6% | +37.1% | +56.4% | +56.3% |
| Return on net worth | - | +20.2% | +37.1% | +35.4% | +34.4% | +45.2% | +46.4% |
| Debt / equity | - | 0.43 | 0.66 | 0.61 | 0.27 | 0.12 | 0.15 |
| Long-term debt / equity | - | 0.11 | 0.18 | 0.15 | 0.04 | 0.02 | 0.03 |
| Interest cover | 18.73 | 19.00 | 15.61 | 12.44 | 6.01 | 4.47 | 5.12 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 7.89 | 7.93 | 7.74 | 7.45 | 8.81 | 10.58 |
| Inventory turnover | - | 33.20 | 28.52 | 28.39 | 33.79 | 42.53 | 69.31 |
| Debtors turnover | - | 5.07 | 7.10 | 9.31 | 17.12 | 20.88 | 18.59 |
| EPS (₹) | 17.52 | 15.51 | 17.62 | 23.59 | 16.17 | 1,145.51 | 909.55 |
| Dividend per share (₹) | 0.50 | 0.00 | 0.00 | 1.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 103.28 | 55.90 | 78.03 | 55.10 | 3,108.58 | 1,961.47 |
To see the full year-wise statements and ratios of Ceigall India Limited, buy the company report.
Board of directors of Ceigall India Limited
Ceigall India has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramneek Sehgal Also directs: Ceigall Transmission and Distribution Limited, Ceigall Green Energy MP Limited, Ceigall Morena Solar Bess Park Limited and 3 more | Managing Director | 08 Jul 2002 | 24 Years 3 Months | Current |
| Gurpreet Kaur | Director | 26 Oct 2021 | 4 Years 11 Months | Current |
| Vishal Anand Also directs: Samvira LLP, Baan Retail & Hospitality LLP, Shoolini Lifesciences Private Limited and 5 more | Director | 26 Oct 2021 | 4 Years 11 Months | Current |
| Arun Goyal Also directs: Ralson (India) Limited, Ceigall Ayodhya Bypass Private Limited, Ceigall Northern Ayodhya Bypass Private Limited and 4 more | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
| Ayyalusamy Saravanan | Whole-Time Director | 01 Jul 2026 | 0 Years 3 Months | Current |
| Anisha Motwani Also directs: Motherson Sumi Wiring India Limited, Star Health and Allied Insurance Company Limited, Nuvama Wealth Management Limited and 5 more | Director | 10 Feb 2024 | 2 Years 8 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Ceigall India Limited is compared with the 9 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ajanma Holdings Private Limited | ₹5,368.57 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| H.G. Infra Engineering Limited (Part IX) | ₹5,069.89 Cr (FY 2025) | -6.0% | Jodhpur, Rajasthan, India | |||
| Modern Road Makers P Ltd | ₹4,246.07 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| Ceigall India Limitedthis company | ₹4,022.4 Cr (FY 2026) | ₹311.88 Cr | 7.8% | 17.0% | 1,578 | Ludhiana, Punjab, India |
| Welspun Enterprises Limited | ₹3,792.59 Cr (FY 2025) | 24.0% | Anjar, Gujarat, India | |||
| Patel Infrastructure Limited | ₹3,742.76 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Prakash Asphaltings and Toll Highways (India) Limited | ₹3,060.62 Cr (FY 2025) | -12.0% | Mhow, Madhya Pradesh, India | |||
| Sunil Hitech Engineers Limited | ₹2,990.66 Cr (FY 2018) | 16.0% | Mumbai, Maharashtra, India | |||
| Oriental Structural Engineers Private Limited | ₹2,823.8 Cr (FY 2024) | -21.0% | New Delhi, Delhi, India | |||
| Unnao Prayagraj Road Limited | ₹2,730.37 Cr (FY 2025) | 69.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ceigall India Limited, buy the company report.
Auditor
Ceigall India Limited is audited by B D Bansal & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D Bansal & Co | FY 2024 | 000621N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 82.10%, foreign institutional investors hold 3.90%, domestic institutional investors hold 3.60% and retail and other public shareholders hold 10.40%.
Sep 2026
QUARTER
82.10% Promoters
3.60% DII (Domestic Institutional)
3.90% FII (Foreign Institutional)
10.40% Retail & Others
Promoter holding - history
Now 82.10% · Sep 2026High 82.10% · Dec 2025Low 82.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 82.10% | 82.10% | 82.10% | 82.10% |
| Public | 17.90% | 17.90% | 17.90% | 17.90% |
Charges & borrowings
Open charges
₹10,111 Cr
Satisfied charges
₹1,940.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2026 | 101395159 | Others | ₹436.78 Cr | Open | |
| 25 Sep 2026 | 101403521 | Others | ₹1,238.64 Cr | Open | |
| 26 Aug 2026 | 101379937 | Hdfc Bank Limited | ₹11.97 Cr | Open | |
| 26 Aug 2026 | 101379942 | Hdfc Bank Limited | ₹2.07 Cr | Open | |
| 26 Aug 2026 | 101380290 | Hdfc Bank Limited | ₹5.66 Cr | Open |
To see the full charge records of Ceigall India Limited, buy the company report.
Total charge records: 156 View all charges
Deals & funding
Ceigall India Limited has 9 deals on record (5 secondary share transfers, 2 market trades, 1 rights issue); the latest was in December 2025.
Total deals
9
Secondary share transfers
5
Market trades
2
Rights issue
1
IPO
1
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹36.55 Cr | Buyer: Hdfc Mutual Fund Hdfc Balanced Advantage Fund (Hdfcgr) Seller: Pine Oak Global Fund |
| Oct 2025 | Market trade | ₹10.31 Cr | Buyer: Goldman Sachs Bank Europe Se - Odi Seller: Goldman Sachs (Singapore) Pte - Odi |
| Aug 2024 | IPO | ₹1,252.87 Cr | Investors: IPO Shareholders - Ceigall India Limited, Icici Prudential Flexicap Fund, Nomura Funds Ireland Public Limited Company Nomura Funds Ireland-India Equity Fund Seller: Ramneek Sehgal & Sons HUF, 3 individuals |
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: RS Family Trust Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Ceigall India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ceigall India Limited has 112 court cases on record: 54 filed by Ceigall India, 59 filed against it. 32 cases are pending and 80 are disposed.
Total cases
112
Filed by the company
54
Filed against the company
59
Pending
32
Disposed
80
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 45 | 27 |
| High courts | 46 | 14 | 5 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 112)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Appeal | Filed against the company by Tata Aig General Insurance Company Ltd and 1 other | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Punjab State Power Corporation Ltd | Disposed |
| High Court, HARYANA | Writ petition | Filed against the company by Ceigall India Limited and 1 other | Disposed |
| High Court, HARYANA | Writ petition | Filed by the company against Ceigall India Limited and 4 others | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Panipat Jalandhar Nh-1 Tollway Private Limited | Disposed |
To see the full case history of Ceigall India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ceigall India Limited was last rated by Icra on 29 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Mar 2021 |
To see the full credit ratings and regulatory alerts of Ceigall India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ceigall India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ceigall India has 9 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
9
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ceigall VRK 12 Private Limited | U42101PB2023PTC058514 | |
| Ceigall VRK 11 Private Limited | U42101PB2023PTC058516 | |
| Ceigall Jalbehra Shahbad Greenfield Highway Private Limited | U45200PB2022PTC056468 | |
| Ceigall Infra Projects Private Limited | U45202PB2021PTC053126 | |
| Ceigall Southern Ludhiana Bypass Private Limited | U45203PB2022PTC056418 | |
| Ceigall Malout Abohar Sadhuwali Highways Private Limited | U45209PB2021PTC053266 |
To see the full group structure of Ceigall India Limited, buy the company report.
Employees & EPFO
Ceigall India Limited has a workforce of 1,578 employees on its EPFO records as of Jun 01, 2025, across 1 active EPFO establishment.
Employee count
1,578
Active EPFO establishments
1
Employee growth
9.13%
GST
Ceigall India has 15 GST registrations: 13 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
13
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCC0088N1ZO | Punjab | Active | 01 Jul 2017 |
| 02AADCC0088N1ZQ | Himachal Pradesh | Active | 01 Jul 2017 |
| 04AADCC0088N1ZM | Chandigarh | Active | 01 Jul 2017 |
| 06AADCC0088N1ZI | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ceigall India Limited, buy the company report.
Recent activity
Ceigall India Limited has 22 board changes on record since 2002: 16 appointments and 6 cessations. The latest: Ankit Kumar Agrawal was appointed as Additional Director on 01 Jul 2026.
Charges
A charge with Others amounted to Rs. 436.78 Cr with Charge ID 101395159 was registered on 29 Sep 2026.
Charges
A charge with Others amounted to Rs. 1,238.64 Cr with Charge ID 101403521 was registered on 25 Sep 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.97 Cr with Charge ID 101379937 was registered on 26 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.07 Cr with Charge ID 101379942 was registered on 26 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.66 Cr with Charge ID 101380290 was registered on 26 Aug 2026.
Charges
A charge with Others amounted to Rs. 585.00 Cr with Charge ID 101378401 was registered on 19 Aug 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.55 Cr with Charge ID 101345666 was registered on 20 Jul 2026.
Appointed
Ankit Kumar Agrawal was appointed as Additional Director.
Appointed
Ayyalusamy Saravanan was appointed as Whole-Time Director.
Appointed
Pawan Kumar was appointed as Whole-Time Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.47 Cr with Charge ID 101329141 was registered on 27 Jun 2026.
Charges
A charge with Standard Chartered Bank of Rs. 250.00 Cr registered on 23 Feb 2022 with Charge ID 100547467 was modified on 25 Jun 2026.
312 earlier events are in the company report.
News
CEIGALL India: Gets Completion Certificate For ₹1,659.84 Crore Delhi-Saharanpur Highway Project
CEIGALL India: Company Buys 100% Shares Of Jam Khambhalia Jamnagar Power Transmission Limited For ₹18.39 Crore; JKJTL Now A Wholly Owned Subsidiary; This Acquisition Helps Power Transmission Project
CEIGALL: Secures Contract Valued At 214 Crores.
CEIGALL: Co Approves More Investment in Project SPV via Equity, Loans, Securities, and Guarantees.
Frequently asked questions
Ceigall India is an active public limited company based in Ludhiana, Punjab, India. The company works in utility projects, within the construction industry. It was incorporated on 08 July 2002 (24+ years old) and is registered under CIN L45201PB2002PLC025257. Listed on BSE: 544223 and NSE: CEIGALL.
Ceigall India reported revenue of ₹4,022.4 Cr for FY 2025-26 (up 17% YoY) based on consolidated financials.
Ceigall India has 8 current directors:
- Ramneek Sehgal - Managing Director
- Ayyalusamy Saravanan - Whole-Time Director
- Pawan Kumar - Whole-Time Director
- Gurpreet Kaur - Director
- Vishal Anand - Director
- Arun Goyal - Director
- Anisha Motwani - Director
- Ankit Kumar Agrawal - Additional Director
The latest financial statements of Ceigall India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ceigall India is 03AADCC0088N1ZO, registered in Punjab. The company has 15 GST registrations in all, of which 13 are active and 2 are cancelled or inactive. Other active GSTINs include 02AADCC0088N1ZQ (Himachal Pradesh), 04AADCC0088N1ZM (Chandigarh), 06AADCC0088N1ZI (Haryana).
The CIN (Corporate Identification Number) of Ceigall India is L45201PB2002PLC025257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ceigall India is a listed company as per MCA records. Its shares are listed on both BSE (code: 544223) and NSE (symbol: CEIGALL).
Ceigall India has 112 court cases on record: 54 filed by the company and 59 filed against it. 32 are pending. Most are in the district courts.
Ceigall India was incorporated on 08 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chandigarh.
Ceigall India has 9 deals on record (5 secondary share transfers, 2 market trades, 1 rights issue); the latest was in December 2025.
The peers of Ceigall India by revenue are Ajanma Holdings Private Limited, H.G. Infra Engineering Limited (Part IX), Modern Road Makers P Ltd, Welspun Enterprises Limited, Patel Infrastructure Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).