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509496: Order Book Momentum And Auditor Transition Will Shape Outlook Ahead

Update shared on 20 Nov 2025

Fair value Decreased 0.35%
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AnalystConsensusTarget's Fair Value
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1Y
64.1%
7D
10.0%

Analysts have slightly reduced their price target for Cemindia Projects from ₹865 to ₹862. This change reflects updated expectations for revenue growth and profit margins.

What's in the News

  • Cemindia Projects secured new orders worth 32,580 million during Q2 FY26, raising the total orders in H1 FY26 to 61,890 million. The total order book as of September 30, 2025 stands at 206,460 million, highlighting continued business momentum (Key Developments).
  • The company’s statutory auditor, T R Chadha & Co LLP, resigned effective November 5, 2025, after completion of the limited review for the half-year ended September 30, 2025 (Key Developments).
  • The Board approved the appointment of Price Waterhouse Chartered Accountants LLP as the new statutory auditors to fill the vacancy created by the resignation of T R Chadha & Co LLP (Key Developments).
  • On October 30, 2025, the Board meeting also elevated Mr. Arnab Das, Joint Executive Vice President and Proposal Head, to the category of Senior Management Personnel effective November 1, 2025 (Key Developments).

Valuation Changes

  • Consensus Analyst Price Target has decreased slightly from ₹865 to ₹862.
  • Discount Rate increased fractionally from 15.32% to 15.33%.
  • Revenue Growth projection declined modestly from 21.57% to 21.08%.
  • Net Profit Margin estimate improved slightly from 5.39% to 5.46%.
  • Future P/E ratio dipped marginally from 24.80x to 24.72x.

Disclaimer

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