About Niraj Cement Structurals Limited
Data last updated:
Niraj Cement Structurals Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 01 April 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26940MH1998PLC114307. Its GSTIN is 27AABCN1596J1Z6 (Maharashtra). The company holds 8 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532986 and NSE: NIRAJ.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹59.69 Cr. It was formerly known as Niraj Cement Structurals Private Limited. It is led by directors including Vishram Pandurang Rudre (Managing Director) and Sudhakar Balu Tandale (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 Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹542.03 Cr, a growth of 6.9% compared to the previous year. For the same year it recorded a net profit of ₹21.13 Cr (net margin 3.9%) and EBITDA of ₹19.38 Cr (EBITDA margin 3.6%). The net worth stands at ₹265.92 Cr (up 9.3% YoY). Total assets are valued at ₹342.37 Cr (up 39.3% YoY).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Niraj cement. As per MCA filings, the company has open charges of ₹101.33 Cr and satisfied charges of ₹590.72 Cr on record. Court records list 114 cases involving the company, including 42 filed by the company and 72 filed against it; 24 cases are pending. The company has 125 deals on record (124 market trades, 1 ipo); the latest was in October 2025. Its 5 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 2 smaller; the largest is Shri Swami Samarth Engineers Limited with revenue of ₹522.18 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website niraj.co.in.
Company details
CIN history
Niraj Cement Structurals has one previous CIN (Corporate Identification Number): U26940MH1998PLC114307. The current CIN is L26940MH1998PLC114307, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26940MH1998PLC114307 | Current |
| U26940MH1998PLC114307 | Previous |
Contact details
Niraj Cement Structurals Limited's registered office is in Mumbai, Maharashtra. Its website is niraj.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 820 To 825 Commercial Building Wadhwa Dukes Horizon, Pepsi Company Off. Sion Trombay Road Nr. R K Studio D G Patil Road, Mumbai, Maharashtra, India – 400088
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Niraj Cement Structurals Limited, buy the company report.
- 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
Brands
Niraj Cement Structurals operates one associated brand: Niraj cement. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of roads infrastructure development services | niraj.co.in |
Business activity
The main business activity of Niraj Cement Structurals 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 Niraj Cement Structurals Limited, buy the company report.
Financials of Niraj Cement Structurals Limited
FY 2025-26 filings availableNiraj Cement Structurals Limited reported revenue of ₹542.03 Cr (up 6.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 542 | 507 | 471 | 606 | 356 | 175 |
| Revenue growth | +6.9% | +7.7% | -22.3% | +70.1% | +103.9% | - |
| EBITDA | 19.38 | 16.04 | 7.20 | 4.63 | 0.66 | (0.06) |
| EBITDA margin | +3.6% | +3.2% | +1.5% | +0.8% | +0.2% | -0.0% |
| Profit before tax | 28.53 | 20.07 | 13.02 | 6.83 | 3.22 | 1.97 |
| Net profit | 21.13 | 15.54 | 15.75 | 7.17 | 5.54 | 1.89 |
| Net profit margin | +3.9% | +3.1% | +3.4% | +1.2% | +1.6% | +1.1% |
| EPS (₹) | 3.54 | 2.53 | 2.42 | 1.00 | 0.56 | 0.31 |
| Balance sheet | ||||||
| Total assets | 342 | 246 | 154 | 203 | 193 | 207 |
| Net worth | 266 | 243 | 152 | 176 | 179 | 177 |
| Total debt | 76.02 | 2.22 | 0.72 | 25.93 | 13.46 | 30.32 |
| Cash & bank | 31.88 | 41.33 | 22.94 | 22.81 | 37.19 | 5.66 |
| Net working capital | 271 | 170 | 95.38 | 151 | 141 | 147 |
| Cash flow | ||||||
| Cash from operations | (98.00) | (72.87) | 26.91 | (29.85) | 38.52 | (5.17) |
| Cash from investing | 17.07 | (18.86) | (4.86) | 14.55 | (11.04) | (9.32) |
| Cash from financing | 70.79 | 105 | (25.71) | 4.82 | (16.99) | 9.34 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 136 | 140 | 172 | 94.54 | 167 | 120 | 138 |
| Revenue growth (YoY) | +10.6% | -18.7% | +16.8% | +24.4% | +14.4% | - | - | - |
| Other income | 6.99 | 6.38 | 3.08 | 2.28 | 2.88 | 3.17 | 1.38 | 0.99 |
| EBITDA | 1.17 | 4.40 | 6.33 | 9.63 | (0.98) | 8.22 | 2.09 | 4.75 |
| EBITDA margin | +1.1% | +3.2% | +4.5% | +5.6% | -1.0% | +4.9% | +1.7% | +3.4% |
| Depreciation | 0.55 | 0.67 | 0.58 | 0.63 | 0.57 | 0.61 | 0.53 | 0.56 |
| Interest | 2.64 | 2.01 | 0.91 | 0.06 | 0.04 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 4.97 | 8.10 | 7.92 | 11.22 | 1.29 | 10.76 | 2.92 | 5.16 |
| Tax | 1.40 | 2.45 | 2.25 | 2.41 | 0.30 | 2.30 | 0.75 | 1.24 |
| Net profit | 3.57 | 5.65 | 5.67 | 8.81 | 0.99 | 8.46 | 2.17 | 3.92 |
| EPS (₹) | 0.60 | 0.95 | 0.95 | 1.48 | 0.17 | 1.35 | 0.50 | 0.98 |
| 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 | 540 | 507 | 470 | 605 | 356 | 175 | 124 |
| Revenue growth | +6.7% | +7.8% | -22.3% | +69.8% | +103.9% | +41.4% | - |
| EBITDA | 19.62 | 15.96 | 7.76 | 4.23 | 0.74 | (0.06) | 3.74 |
| EBITDA margin | +3.6% | +3.2% | +1.7% | +0.7% | +0.2% | -0.0% | +3.0% |
| Profit before tax | 29.00 | 20.21 | 13.58 | 6.43 | 3.30 | 1.97 | 1.95 |
| Net profit | 21.60 | 15.76 | 16.40 | 6.82 | 5.62 | 1.89 | 2.80 |
| Net profit margin | +4.0% | +3.1% | +3.5% | +1.1% | +1.6% | +1.1% | +2.3% |
| EPS (₹) | 3.62 | 2.55 | 2.56 | 0.93 | 0.58 | 0.31 | 0.73 |
| Balance sheet | |||||||
| Total assets | 335 | 245 | 153 | 202 | 193 | 207 | 195 |
| Net worth | 267 | 244 | 153 | 176 | 179 | 177 | 175 |
| Total debt | 68.05 | 0.58 | 0.15 | 25.93 | 13.46 | 30.32 | 19.35 |
| Cash & bank | 30.12 | 30.30 | 22.92 | 22.74 | 37.18 | 5.66 | 11.26 |
| Net working capital | 270 | 169 | 95.22 | 151 | 141 | 147 | 148 |
| Cash flow | |||||||
| Cash from operations | (85.66) | (82.90) | 27.95 | (30.45) | 38.59 | (5.17) | (18.01) |
| Cash from investing | 20.33 | (18.77) | (5.51) | 15.08 | (11.12) | (9.32) | 8.73 |
| Cash from financing | 64.45 | 104 | (26.05) | 4.82 | (16.99) | 9.34 | 18.47 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 135 | 140 | 172 | 94.44 | 167 | 120 | 138 |
| Revenue growth (YoY) | +10.4% | -19.2% | +16.8% | +24.3% | +14.6% | - | - | - |
| Other income | 7.07 | 6.54 | 3.10 | 2.29 | 2.88 | 3.29 | 1.38 | 0.99 |
| Total expenses | 103 | 131 | 133 | 162 | 95.32 | 158 | 118 | 133 |
| EBITDA | 1.52 | 3.76 | 6.75 | 9.99 | (0.88) | 8.25 | 2.14 | 4.88 |
| EBITDA margin | +1.5% | +2.8% | +4.8% | +5.8% | -0.9% | +5.0% | +1.8% | +3.5% |
| Depreciation | 0.49 | 0.63 | 0.58 | 0.63 | 0.57 | 0.61 | 0.53 | 0.56 |
| Interest | 2.64 | 2.01 | 0.91 | 0.06 | 0.04 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 5.46 | 7.66 | 8.36 | 11.59 | 1.39 | 10.91 | 2.97 | 5.29 |
| Tax | 1.40 | 2.43 | 2.25 | 2.41 | 0.30 | 2.76 | 0.75 | 1.24 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 136 | 140 | 172 | 94.54 | 167 | 120 | 138 |
| Revenue growth (YoY) | +10.6% | -18.7% | +16.8% | +24.4% | +14.4% | - | - | - |
| Other income | 6.99 | 6.38 | 3.08 | 2.28 | 2.88 | 3.17 | 1.38 | 0.99 |
| EBITDA | 1.17 | 4.40 | 6.33 | 9.63 | (0.98) | 8.22 | 2.09 | 4.75 |
| EBITDA margin | +1.1% | +3.2% | +4.5% | +5.6% | -1.0% | +4.9% | +1.7% | +3.4% |
| Depreciation | 0.55 | 0.67 | 0.58 | 0.63 | 0.57 | 0.61 | 0.53 | 0.56 |
| Interest | 2.64 | 2.01 | 0.91 | 0.06 | 0.04 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 4.97 | 8.10 | 7.92 | 11.22 | 1.29 | 10.76 | 2.92 | 5.16 |
| Tax | 1.40 | 2.45 | 2.25 | 2.41 | 0.30 | 2.30 | 0.75 | 1.24 |
| Net profit | 3.57 | 5.65 | 5.67 | 8.81 | 0.99 | 8.46 | 2.17 | 3.92 |
| EPS (₹) | 0.60 | 0.95 | 0.95 | 1.48 | 0.17 | 1.35 | 0.50 | 0.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 542 | 507 | 471 | 606 | 356 | 175 |
| Revenue growth | +6.9% | +7.7% | -22.3% | +70.1% | +103.9% | - |
| Other income | 14.61 | 6.33 | 7.75 | 4.05 | 4.12 | 3.68 |
| Total expenses | 523 | 491 | 464 | 601 | 356 | 175 |
| Employee cost | 0.00 | 1.53 | 1.71 | 1.37 | 0.87 | 0.96 |
| EBITDA | 19.38 | 16.04 | 7.20 | 4.63 | 0.66 | (0.06) |
| EBITDA margin | +3.6% | +3.2% | +1.5% | +0.8% | +0.2% | -0.0% |
| Depreciation | 2.45 | 2.22 | 1.66 | 1.37 | 1.42 | 1.43 |
| Interest | 3.01 | 0.08 | 0.27 | 0.48 | 0.14 | 0.22 |
| Profit before tax | 28.53 | 20.07 | 13.02 | 6.83 | 3.22 | 1.97 |
| Tax | 7.40 | 5.00 | 3.30 | 2.49 | 0.77 | 0.65 |
| Net profit | 21.13 | 15.54 | 15.75 | 7.17 | 5.54 | 1.89 |
| Net profit margin | +3.9% | +3.1% | +3.4% | +1.2% | +1.6% | +1.1% |
| EPS (₹) | 3.54 | 2.53 | 2.42 | 1.00 | 0.56 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 59.69 | 59.69 | 40.16 | 43.11 | 43.11 | 43.11 |
| Reserves & surplus | 206 | 184 | 112 | 133 | 136 | 134 |
| Shareholders' funds (net worth) | 266 | 243 | 152 | 176 | 179 | 177 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.06 | (0.01) | 0.00 |
| Secured loans | 5.58 | 2.22 | 0.72 | 25.93 | 13.46 | 26.06 |
| Unsecured loans | 70.44 | 0.00 | 0.00 | 0.00 | 0.00 | 4.26 |
| Total debt | 76.02 | 2.22 | 0.72 | 25.93 | 13.46 | 30.32 |
| Total liabilities | 342 | 246 | 154 | 203 | 193 | 207 |
| Assets | ||||||
| Gross block | 45.06 | 39.04 | 35.47 | 31.57 | 31.56 | 31.52 |
| Net block | 14.27 | 11.57 | 9.35 | 7.10 | 8.47 | 9.85 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 15.04 | 22.87 | 15.20 | 14.46 | 14.00 | 13.84 |
| Inventories | 5.64 | 6.86 | 6.34 | 2.66 | 5.57 | 6.53 |
| Sundry debtors | 72.60 | 68.98 | 57.17 | 102 | 77.54 | 66.11 |
| Cash & bank balances | 31.88 | 41.33 | 22.94 | 22.81 | 37.19 | 5.66 |
| Loans & advances | 286 | 193 | 112 | 135 | 140 | 138 |
| Total current assets | 396 | 310 | 199 | 263 | 260 | 217 |
| Total current liabilities | 125 | 139 | 103 | 112 | 120 | 69.47 |
| Net working capital | 271 | 170 | 95.38 | 151 | 141 | 147 |
| Total assets | 342 | 246 | 154 | 203 | 193 | 207 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 14.63 | 1.39 | 5.05 | 15.53 | 5.04 | 10.17 |
| Net cash from operating activities | (98.00) | (72.87) | 26.91 | (29.85) | 38.52 | (5.17) |
| Net cash from investing activities | 17.07 | (18.86) | (4.86) | 14.55 | (11.04) | (9.32) |
| Net cash from financing activities | 70.79 | 105 | (25.71) | 4.82 | (16.99) | 9.34 |
| Net change in cash | (10.14) | 13.24 | (3.66) | (10.48) | 10.49 | (5.15) |
| Closing cash | 31.88 | 41.33 | 22.94 | 22.81 | 37.19 | 5.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +6.9% | +7.7% | -22.3% | +70.1% | +103.9% | - |
| EBITDA growth | +20.8% | +122.8% | +55.5% | +601.5% | +1200.0% | - |
| PBT growth | +42.2% | +54.2% | +90.6% | +112.1% | +63.5% | +9997.0% |
| Net income growth | +36.0% | -1.3% | +119.7% | +29.4% | +193.1% | - |
| Revenue CAGR (3Y) | -3.7% | +12.5% | +39.2% | - | - | - |
| EBITDA CAGR (3Y) | +61.2% | +189.7% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +3.9% | +3.0% | +2.1% | +0.7% | +0.7% | +0.8% |
| Return on capital employed | - | +10.1% | +12.0% | +6.0% | +3.8% | +1.5% |
| Return on net worth | - | +7.6% | +9.6% | +4.0% | +3.1% | +1.1% |
| Debt / equity | - | 0.01 | 0.08 | 0.11 | 0.12 | 0.17 |
| Long-term debt / equity | - | 0.01 | 0.00 | 0.02 | 0.04 | 0.06 |
| Interest cover | 17.78 | 0.58 | 4.87 | 14.72 | -18.42 | -14.77 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 13.61 | 14.05 | 19.20 | 11.30 | 5.54 |
| Inventory turnover | - | 76.84 | 104.63 | 147.30 | 58.91 | 26.76 |
| Debtors turnover | - | 8.04 | 5.91 | 6.75 | 4.96 | 2.64 |
| EPS (₹) | 3.54 | 2.53 | 2.42 | 1.00 | 0.56 | 0.31 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 40.75 | 37.97 | 40.93 | 41.61 | 41.03 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 135 | 140 | 172 | 94.44 | 167 | 120 | 138 |
| Revenue growth (YoY) | +10.4% | -19.2% | +16.8% | +24.3% | +14.6% | - | - | - |
| Other income | 7.07 | 6.54 | 3.10 | 2.29 | 2.88 | 3.29 | 1.38 | 0.99 |
| Total expenses | 103 | 131 | 133 | 162 | 95.32 | 158 | 118 | 133 |
| EBITDA | 1.52 | 3.76 | 6.75 | 9.99 | (0.88) | 8.25 | 2.14 | 4.88 |
| EBITDA margin | +1.5% | +2.8% | +4.8% | +5.8% | -0.9% | +5.0% | +1.8% | +3.5% |
| Depreciation | 0.49 | 0.63 | 0.58 | 0.63 | 0.57 | 0.61 | 0.53 | 0.56 |
| Interest | 2.64 | 2.01 | 0.91 | 0.06 | 0.04 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 5.46 | 7.66 | 8.36 | 11.59 | 1.39 | 10.91 | 2.97 | 5.29 |
| Tax | 1.40 | 2.43 | 2.25 | 2.41 | 0.30 | 2.76 | 0.75 | 1.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 540 | 507 | 470 | 605 | 356 | 175 | 124 |
| Revenue growth | +6.7% | +7.8% | -22.3% | +69.8% | +103.9% | +41.4% | - |
| Other income | 14.80 | 6.55 | 7.75 | 4.05 | 4.12 | 3.68 | 0.39 |
| Total expenses | 521 | 491 | 462 | 601 | 356 | 175 | 120 |
| Employee cost | 0.00 | 1.48 | 1.66 | 1.31 | 0.86 | 0.96 | 1.02 |
| EBITDA | 19.62 | 15.96 | 7.76 | 4.23 | 0.74 | (0.06) | 3.74 |
| EBITDA margin | +3.6% | +3.2% | +1.7% | +0.7% | +0.2% | -0.0% | +3.0% |
| Depreciation | 2.41 | 2.22 | 1.66 | 1.37 | 1.42 | 1.43 | 1.97 |
| Interest | 3.01 | 0.08 | 0.27 | 0.48 | 0.14 | 0.22 | 0.21 |
| Profit before tax | 29.00 | 20.21 | 13.58 | 6.43 | 3.30 | 1.97 | 1.95 |
| Tax | 7.40 | 5.00 | 3.30 | 2.39 | 0.79 | 0.65 | 0.36 |
| Net profit | 21.60 | 15.76 | 16.40 | 6.82 | 5.62 | 1.89 | 2.80 |
| Net profit margin | +4.0% | +3.1% | +3.5% | +1.1% | +1.6% | +1.1% | +2.3% |
| EPS (₹) | 3.62 | 2.55 | 2.56 | 0.93 | 0.58 | 0.31 | 0.73 |
| 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 | 59.69 | 59.69 | 40.16 | 43.11 | 43.11 | 43.11 | 21.61 |
| Reserves & surplus | 207 | 184 | 113 | 133 | 136 | 134 | 137 |
| Shareholders' funds (net worth) | 267 | 244 | 153 | 176 | 179 | 177 | 175 |
| Secured loans | 0.38 | 0.00 | 0.15 | 25.93 | 13.46 | 26.06 | 16.59 |
| Unsecured loans | 67.67 | 0.58 | 0.00 | 0.00 | 0.00 | 4.26 | 2.76 |
| Total debt | 68.05 | 0.58 | 0.15 | 25.93 | 13.46 | 30.32 | 19.35 |
| Total liabilities | 335 | 245 | 153 | 202 | 193 | 207 | 195 |
| Assets | |||||||
| Gross block | 42.49 | 39.04 | 35.47 | 31.57 | 31.56 | 31.52 | 31.47 |
| Net block | 11.74 | 11.57 | 9.35 | 7.10 | 8.47 | 9.85 | 11.23 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 14.41 | 22.89 | 15.16 | 14.47 | 14.01 | 13.84 | 0.04 |
| Inventories | 5.34 | 6.86 | 6.34 | 2.66 | 5.57 | 6.53 | 7.57 |
| Sundry debtors | 70.76 | 68.45 | 56.55 | 102 | 77.53 | 66.11 | 63.78 |
| Cash & bank balances | 30.12 | 30.30 | 22.92 | 22.74 | 37.18 | 5.66 | 11.26 |
| Loans & advances | 288 | 203 | 112 | 135 | 140 | 138 | 99.77 |
| Total current assets | 394 | 308 | 198 | 263 | 260 | 217 | 182 |
| Total current liabilities | 124 | 139 | 103 | 112 | 120 | 69.47 | 34.88 |
| Net working capital | 270 | 169 | 95.22 | 151 | 141 | 147 | 148 |
| Total assets | 335 | 245 | 153 | 202 | 193 | 207 | 195 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.60 | 1.37 | 4.97 | 15.52 | 5.04 | 10.17 | 0.97 |
| Net cash from operating activities | (85.66) | (82.90) | 27.95 | (30.45) | 38.59 | (5.17) | (18.01) |
| Net cash from investing activities | 20.33 | (18.77) | (5.51) | 15.08 | (11.12) | (9.32) | 8.73 |
| Net cash from financing activities | 64.45 | 104 | (26.05) | 4.82 | (16.99) | 9.34 | 18.47 |
| Net change in cash | (0.87) | 2.24 | (3.61) | (10.55) | 10.48 | (5.15) | 9.20 |
| Closing cash | 30.12 | 30.30 | 22.92 | 22.74 | 37.18 | 5.66 | 11.26 |
| 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 | +6.7% | +7.8% | -22.3% | +69.8% | +103.9% | +41.4% | - |
| EBITDA growth | +22.9% | +105.7% | +83.5% | +471.6% | +1333.3% | -101.6% | - |
| PBT growth | +43.5% | +48.8% | +111.2% | +94.9% | +67.5% | +1.0% | +68.1% |
| Net income growth | +37.1% | -3.9% | +140.5% | +21.4% | +197.4% | -32.5% | - |
| Revenue CAGR (3Y) | -3.7% | +12.4% | +39.1% | +69.8% | +48.3% | +17.5% | +4.6% |
| EBITDA CAGR (3Y) | +66.8% | +178.4% | - | +4.2% | - | -90.3% | +12.6% |
| Profitability & leverage | |||||||
| Net income margin | +4.0% | +3.0% | +2.2% | +0.7% | +0.7% | +0.8% | +1.3% |
| Return on capital employed | - | +10.2% | +12.3% | +5.8% | +3.8% | +1.5% | +1.9% |
| Return on net worth | - | +7.7% | +10.0% | +3.8% | +3.1% | +1.1% | +1.7% |
| Debt / equity | - | 0.00 | 0.08 | 0.11 | 0.12 | 0.14 | 0.12 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.02 | 0.04 | 0.07 | 0.09 |
| Interest cover | 17.49 | 0.58 | 4.43 | 16.78 | -20.59 | -14.77 | 11.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 13.60 | 14.03 | 19.18 | 11.30 | 5.55 | 3.93 |
| Inventory turnover | - | 76.78 | 104.49 | 147.10 | 58.91 | 24.79 | 14.01 |
| Debtors turnover | - | 8.11 | 5.93 | 6.74 | 4.96 | 2.69 | 1.64 |
| EPS (₹) | 3.62 | 2.55 | 2.56 | 0.93 | 0.58 | 0.31 | 0.73 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 40.82 | 38.04 | 40.89 | 41.62 | 41.03 | 73.20 |
To see the full year-wise statements and ratios of Niraj Cement Structurals Limited, buy the company report.
Board of directors of Niraj Cement Structurals Limited
Niraj Cement Structurals has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimple Deepak Geruja | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Ratan Umesh Sanil | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Vishram Pandurang Rudre Also directs: Ekkam Infra Build LLP, Niraj Consulting Group Limited, Niraj Build India Limited and 1 more | Managing Director | 13 Feb 2021 | 5 Years 8 Months | Current |
| Sudhakar Balu Tandale | Whole-Time Director | 13 Feb 2021 | 5 Years 8 Months | Current |
| Partha Sarathi Raut Also directs: Niraj Consulting Group Limited, Niraj Infracapital Limited | Director | 02 Jul 2021 | 5 Years 3 Months | Current |
| Kavita Suresh Hindia Also directs: Niraj Infracapital Limited, Rashri Advisory Private Limited | Director | 25 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Niraj Cement Structurals Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Construction Services), 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 |
|---|---|---|---|---|---|---|
| Niraj Cement Structurals Limitedthis company | ₹542.03 Cr (FY 2026) | ₹21.13 Cr | 3.9% | 6.9% | 3 | Mumbai, Maharashtra, India |
| Shri Swami Samarth Engineers Limited | ₹522.18 Cr (FY 2024) | 37.0% | Pune, Maharashtra, India | |||
| Subhash Infraengineers Private Limited | ₹516.11 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| B.R.Goyal Infrastructure Limited | ₹515.09 Cr (FY 2025) | -14.0% | Indore, Madhya Pradesh, India | |||
| Kevadiya Construction Limited | ₹506.49 Cr (FY 2025) | 71.0% | Gandhinagar, Gujarat, India | |||
| Shelke Constructions Private Limited | ₹505.11 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India |
To see the full peer comparison of Niraj Cement Structurals Limited, buy the company report.
Auditor
Niraj Cement Structurals Limited is audited by Chaturvedi Sohan & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi Sohan & Co | FY 2023 | 118424W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 24.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 75.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 24.90% | 24.90% | 24.90% | 24.90% |
| Public | 75.10% | 75.10% | 75.10% | 75.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2026 | 101398593 | Others | ₹7.5 Cr | Open | |
| 05 Jun 2026 | 101308624 | Others | ₹2.4 Cr | Open | |
| 20 May 2026 | 101299171 | Others | ₹5.63 Cr | Open | |
| 19 May 2026 | 101299163 | Others | ₹1.14 Cr | Open | |
| 30 Apr 2026 | 101293492 | Others | ₹7.77 Cr | Open |
To see the full charge records of Niraj Cement Structurals Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Niraj Cement Structurals Limited has 125 deals on record (124 market trades, 1 ipo); the latest was in October 2025.
Deals on record (5 of 125)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹1.65 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Sep 2024 | Market trade | ₹7.88 Cr | Buyer: NK Securities Research Private Limited , Qe Securities LLP , Irage Broking Services LLP , an individual Seller: NK Securities Research Private Limited , Irage Broking Services LLP , Qe Securities LLP , an individual |
| Sep 2024 | Market trade | ₹2.22 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Dec 2023 | Market trade | ₹1.4 Cr | Seller: MSD Corporate Advisors Limited |
| Jun 2018 | Market trade | ₹51.5 Lakh | Buyer: MSD Corporate Advisors Limited Seller: MSD Corporate Advisors Limited , an individual |
To see the full deal history of Niraj Cement Structurals 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
Niraj Cement Structurals Limited has 114 court cases on record: 42 filed by Niraj Cement Structurals, 72 filed against it. 24 cases are pending and 90 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 46 | 15 |
| High courts | 54 | 23 | 9 |
| Supreme Court | 4 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 114)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CRR) | Filed by the company against M/S RKD Infrastructure Pvt Ltd. and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Indian Strategic Petroleum Reserves Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against National Highways and Infrastructure Development Corporation Limited Through Its General Manager | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Raghu Infra Private Limited | Disposed |
To see the full case history of Niraj Cement Structurals 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.
MSME payment delays
Niraj Cement Structurals Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mufg Intime India Private Limited |
To see the full MSME payment records of Niraj Cement Structurals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Niraj Cement Structurals has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Niraj Consulting Group Limited | U74999MH2021PLC367045 |
To see the full group structure of Niraj Cement Structurals Limited, buy the company report.
Employees & EPFO
Niraj Cement Structurals Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Niraj Cement Structurals has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN1596J1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 24AABCN1596J1ZC | Gujarat | Active | 31 Jul 2022 |
| 05AABCN1596J1ZC | Uttarakhand | Active | 21 Sep 2022 |
| 35AABCN1596J1Z9 | Andaman and Nicobar Islands | Active | 10 Oct 2023 |
To see the full GST registrations and return filing status of Niraj Cement Structurals Limited, buy the company report.
Recent activity
Niraj Cement Structurals Limited has 33 board changes on record since 1998: 20 appointments and 13 cessations. The latest: Gurpur Ramdas Kamath ceased to be Director on 31 Mar 2024.
121 earlier events are in the company report.
News
Frequently asked questions
Niraj Cement Structurals is an active public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 01 April 1998 (28+ years old) and is registered under CIN L26940MH1998PLC114307. Listed on BSE: 532986 and NSE: NIRAJ.
Niraj Cement Structurals reported revenue of ₹542.03 Cr for FY 2025-26 (up 6.9% YoY) based on consolidated financials.
Niraj Cement Structurals has 6 current directors:
- Vishram Pandurang Rudre - Managing Director
- Sudhakar Balu Tandale - Whole-Time Director
- Dimple Deepak Geruja - Director
- Ratan Umesh Sanil - Director
- Partha Sarathi Raut - Director
- Kavita Suresh Hindia - Director
The latest financial statements of Niraj Cement Structurals 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 Niraj Cement Structurals is 27AABCN1596J1Z6, registered in Maharashtra. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 24AABCN1596J1ZC (Gujarat), 05AABCN1596J1ZC (Uttarakhand), 35AABCN1596J1Z9 (Andaman and Nicobar Islands).
The CIN (Corporate Identification Number) of Niraj Cement Structurals is L26940MH1998PLC114307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Niraj Cement Structurals is a listed company as per MCA records. Its shares are listed on both BSE (code: 532986) and NSE (symbol: NIRAJ).
Niraj Cement Structurals has 114 court cases on record: 42 filed by the company and 72 filed against it. 24 are pending. Most are in the district courts.
Niraj Cement Structurals was incorporated on 01 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Niraj Cement Structurals has 125 deals on record (124 market trades, 1 ipo); the latest was in October 2025.
The peers of Niraj Cement Structurals by revenue are Shri Swami Samarth Engineers Limited, Subhash Infraengineers Private Limited, B.R.Goyal Infrastructure Limited, Kevadiya Construction Limited, Shelke Constructions Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Gurpur Ramdas Kamath ceased to be Director on 31 Mar 2024. Kavita Suresh Hindia was appointed as Director on 25 Aug 2023. Asit Surendra Thakkar Dattani ceased to be Whole-Time Director on 22 May 2023. Niraj Cement Structurals has 33 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
