Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹33.57, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹28.88, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 3.3% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹21.30, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 14x in the Construction industry in India. Total loss to shareholders of 17% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹0.95 (vs ₹0.50 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.95 (up from ₹0.50 in 3Q 2025). Revenue: ₹1.43b (up 19% from 3Q 2025). Net income: ₹56.7m (up 161% from 3Q 2025). Profit margin: 4.0% (up from 1.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Niraj Cement Structurals Limited to Report Q3, 2026 Results on Feb 10, 2026 Niraj Cement Structurals Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹43.22, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 18x in the Construction industry in India. Total returns to shareholders of 49% over the past three years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.48 (vs ₹0.98 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.48 (up from ₹0.98 in 2Q 2025). Revenue: ₹1.74b (up 26% from 2Q 2025). Net income: ₹88.1m (up 125% from 2Q 2025). Profit margin: 5.1% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹33.37, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 9.4% over the past three years. Announcement • Nov 08
Niraj Cement Structurals Limited to Report Q2, 2026 Results on Nov 13, 2025 Niraj Cement Structurals Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹36.44, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.17 (vs ₹0.21 in 1Q 2025) First quarter 2026 results: EPS: ₹0.17. Revenue: ₹945.4m (up 14% from 1Q 2025). Net income: ₹9.99m (up 20% from 1Q 2025). Profit margin: 1.1% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Announcement • Aug 14
Niraj Cement Structurals Limited, Annual General Meeting, Sep 29, 2025 Niraj Cement Structurals Limited, Annual General Meeting, Sep 29, 2025. Announcement • Aug 09
Niraj Cement Structurals Limited to Report Q1, 2026 Results on Aug 13, 2025 Niraj Cement Structurals Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹2.99 (vs ₹2.57 in FY 2024) Full year 2025 results: EPS: ₹2.99 (up from ₹2.57 in FY 2024). Revenue: ₹5.13b (up 9.1% from FY 2024). Net income: ₹150.8m (up 55% from FY 2024). Profit margin: 2.9% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Niraj Cement Structurals Limited to Report Q4, 2025 Results on May 22, 2025 Niraj Cement Structurals Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 22, 2025 New Risk • Mar 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹3.25b market cap, or US$38.0m). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹58.80, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 86% over the past three years. New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (₹2.68b market cap, or US$30.9m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹55.78, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 98% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.50 (vs ₹0.33 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.50 (up from ₹0.33 in 3Q 2024). Revenue: ₹1.21b (down 4.4% from 3Q 2024). Net income: ₹21.7m (up 66% from 3Q 2024). Profit margin: 1.8% (up from 1.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Niraj Cement Structurals Limited to Report Q3, 2025 Results on Feb 11, 2025 Niraj Cement Structurals Limited announced that they will report Q3, 2025 results on Feb 11, 2025 New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₹3.24b market cap, or US$37.7m). Announcement • Jan 03
Niraj Cement Structurals Limited announced that it has received INR 426.17512 million in funding from a group of investors On January 1, 2025, Niraj Cement Structurals Limited has closed the transaction. The company has allotted 52,36,040 equity shares at issue price of INR53 per share for gross proceeds of INR277,510,120 and 1,12,20,000 convertible warrants at issue price of INR13.25 per warrant for gross proceeds of INR148,665,000. The transaction includes investor participation from Ankur Sood HUF for 25,000 shares, Sachin Agarwal for 22,500 shares, Neha Agrawal for 55,000 shares, Gulshan V Chopra for 12,80,000 warrants, Pooja Gulshan Chopra for 12,80,000 warrants, Aishwarya Gulshan Chopra for 12,80,000 warrants and other investors. The transaction has been approved by the board of directors of the company and BSE Limited and National Stock Exchange of India Limited. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.98 (vs ₹0.20 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.98 (up from ₹0.20 in 2Q 2024). Revenue: ₹1.39b (up 25% from 2Q 2024). Net income: ₹39.2m (up 392% from 2Q 2024). Profit margin: 2.8% (up from 0.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
Niraj Cement Structurals Limited to Report Q2, 2025 Results on Nov 14, 2024 Niraj Cement Structurals Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹71.70, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹51.46, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 17% over the past three years. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.14b market cap, or US$25.5m). Announcement • Aug 14
Niraj Cement Structurals Limited, Annual General Meeting, Sep 26, 2024 Niraj Cement Structurals Limited, Annual General Meeting, Sep 26, 2024. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.21 (vs ₹0.09 in 1Q 2024) First quarter 2025 results: EPS: ₹0.21 (up from ₹0.09 in 1Q 2024). Revenue: ₹843.1m (down 15% from 1Q 2024). Net income: ₹8.32m (up 132% from 1Q 2024). Profit margin: 1.0% (up from 0.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Niraj Cement Structurals Limited to Report Q1, 2025 Results on Aug 13, 2024 Niraj Cement Structurals Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Buy Or Sell Opportunity • Aug 05
Now 21% undervalued Over the last 90 days, the stock has risen 13% to ₹47.50. The fair value is estimated to be ₹59.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 63%. Reported Earnings • May 24
Full year 2024 earnings released: EPS: ₹2.57 (vs ₹1.08 in FY 2023) Full year 2024 results: EPS: ₹2.57 (up from ₹1.08 in FY 2023). Revenue: ₹4.79b (down 21% from FY 2023). Net income: ₹97.2m (up 125% from FY 2023). Profit margin: 2.0% (up from 0.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Niraj Cement Structurals Limited to Report Q4, 2024 Results on May 23, 2024 Niraj Cement Structurals Limited announced that they will report Q4, 2024 results on May 23, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹42.88, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 26x in the Construction industry in India. Negligible returns to shareholders over past three years. Announcement • Mar 29
Niraj Cement Structurals Limited Announces the Cessation of Gurpur Ramdas Kamath as Independent Director of the Company with Effect from March 31, 2024 Niraj Cement Structurals Limited announced the cessation of Mr. Gurpur Ramdas Kamath as Independent Director of the Company with effect from the close of business hours on March 31, 2024. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹39.55, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 26x in the Construction industry in India. Total loss to shareholders of 6.6% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.33 (vs ₹0.17 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.33 (up from ₹0.17 in 3Q 2023). Revenue: ₹1.29b (up 22% from 3Q 2023). Net income: ₹13.1m (up 97% from 3Q 2023). Profit margin: 1.0% (up from 0.6% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹50.80, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 21% over the past three years. Announcement • Feb 03
Niraj Cement Structurals Limited to Report Q3, 2024 Results on Feb 12, 2024 Niraj Cement Structurals Limited announced that they will report Q3, 2024 results on Feb 12, 2024 New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.18b market cap, or US$26.2m). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹54.30, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 37% over the past three years. Buying Opportunity • Dec 20
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be ₹54.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 23%. Buying Opportunity • Nov 21
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be ₹54.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 23%. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹42.24, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 22x in the Construction industry in India. Total loss to shareholders of 8.5% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹0.20 (vs ₹0.19 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.20 (up from ₹0.19 in 2Q 2023). Revenue: ₹1.13b (up 6.3% from 2Q 2023). Net income: ₹7.97m (up 5.9% from 2Q 2023). Profit margin: 0.7% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Niraj Cement Structurals Limited Approves Appointment of Kavita Suresh Hindia as Independent Director Niraj Cement Structurals Limited announced at the AGM held on September 26, 2023, approved Appointment of Mrs. Kavita Suresh Hindia as an Independent Director of the Company. Mrs. Kavita Suresh Hindia has completed her Master of Management Studies and having experience of two decades in marketing and communication in various Companies. Term of Appointment: Five (5) years. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.58b market cap, or US$19.0m). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.09 (vs ₹0.15 in 1Q 2023) First quarter 2024 results: EPS: ₹0.09 (down from ₹0.15 in 1Q 2023). Revenue: ₹1.01b (up 26% from 1Q 2023). Net income: ₹3.59m (down 42% from 1Q 2023). Profit margin: 0.4% (down from 0.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹37.67, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 11% over the past three years. Announcement • Aug 05
Niraj Cement Structurals Limited to Report Q1, 2024 Results on Aug 11, 2023 Niraj Cement Structurals Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹1.08 (vs ₹0.60 in FY 2022) Full year 2023 results: EPS: ₹1.08 (up from ₹0.60 in FY 2022). Revenue: ₹6.10b (up 71% from FY 2022). Net income: ₹43.3m (up 78% from FY 2022). Profit margin: 0.7% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.17 (vs ₹0.11 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.17 (up from ₹0.11 in 3Q 2022). Revenue: ₹1.05b (up 60% from 3Q 2022). Net income: ₹6.64m (up 38% from 3Q 2022). Profit margin: 0.6% (down from 0.7% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
Niraj Cement Structurals Limited to Report Q3, 2023 Results on Feb 09, 2023 Niraj Cement Structurals Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 20% share price gain to ₹34.60, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 133% over the past three years. Announcement • Nov 06
Niraj Cement Structurals Limited to Report Q2, 2023 Results on Nov 14, 2022 Niraj Cement Structurals Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Sep 07
Niraj Cement Structurals Limited Announces Resignation of Kumar Anil Radheshyam as Additional Managing Director Niraj Cement Structurals Limited announced that Mr. Kumar Anil Radheshyam (Additional Managing Director) has tendered his resignation from the Directorship, of the Company w.e.f. 5th September,2022 due to some personal commitments. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.15 (vs ₹0.10 in 1Q 2022) First quarter 2023 results: EPS: ₹0.15 (up from ₹0.10 in 1Q 2022). Revenue: ₹810.3m (up 20% from 1Q 2022). Net income: ₹6.15m (up 50% from 1Q 2022). Profit margin: 0.8% (up from 0.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Aug 13
Niraj Cement Structurals Limited, Annual General Meeting, Sep 29, 2022 Niraj Cement Structurals Limited, Annual General Meeting, Sep 29, 2022. Announcement • May 17
Niraj Cement Structurals Limited Announces Appointment of Mr. Vinaykumar Rajkumar Ghuwalewala as Chief Financial Officer Niraj Cement Structurals Limited announced Appointment of Mr. Vinaykumar Rajkumar Ghuwalewala as Chief Financial Officer (CFO) of the Company. Further the details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. Announcement • May 08
Niraj Cement Structurals Limited to Report Q4, 2022 Final Results on May 16, 2022 Niraj Cement Structurals Limited announced that they will report Q4, 2022 final results on May 16, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Managing Director Kumar Anil Eanka was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹26.05, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 38% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.11 (up from ₹0.03 in 3Q 2021). Revenue: ₹655.2m (up 257% from 3Q 2021). Net income: ₹4.80m (up 328% from 3Q 2021). Profit margin: 0.7% (up from 0.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Feb 11
Niraj Cement Structurals Limited Appoints Anil Anant Jha as Company Secretary and Compliance Officer Niraj Cement Structurals Limited at its board meeting held on February 10, 2022, the company approved the appointment of Anil Anant Jha as Company Secretary and Compliance officer of the Company. Announcement • Feb 03
Niraj Cement Structurals Limited to Report Q3, 2022 Results on Feb 10, 2022 Niraj Cement Structurals Limited announced that they will report Q3, 2022 results on Feb 10, 2022 Announcement • Feb 02
Niraj Cement Structurals Limited Announces Resignation of Anupkumari Rajnarayan Shukla as Company Secretary and Compliance Officer Niraj Cement Structurals Limited announced that Mrs. Anupkumari Rajnarayan Shukla has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company with immediate effect i.e. January 31, 2022. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Managing Director Kumar Anil Eanka was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 05
Independent Non-Executive Director Vishwadeo Sharma has left the company On the 30th of July, Vishwadeo Sharma's tenure as Independent Non-Executive Director ended after 3.6 years in the role. We don't have any record of a personal shareholding under Vishwadeo's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 6.33 years. Reported Earnings • Jul 06
Full year 2021 earnings released: EPS ₹0.37 (vs ₹0.84 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹1.75b (up 41% from FY 2020). Net income: ₹13.2m (down 16% from FY 2020). Profit margin: 0.8% (down from 1.3% in FY 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹47.25, the stock trades at a trailing P/E ratio of 65.8x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 63% over the past three years. Reported Earnings • Apr 01
Third quarter 2021 earnings released: EPS ₹0.03 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹208.3m (down 32% from 3Q 2020). Net income: ₹1.12m (down 72% from 3Q 2020). Profit margin: 0.5% (down from 1.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Executive Departure • Feb 17
Whole Time Director has left the company On the 13th of February, Ratan Chopra's tenure in the role of Whole Time Director ended. We don't have any record of a personal shareholding under Ratan's name. A total of 2 executives have left over the last 12 months. Executive Departure • Feb 17
MD & Director has left the company On the 13th of February, Gulshan Chopra's tenure as MD & Director ended after 5.4 years in the role. As of December 2020, Gulshan personally held 3.19m shares (₹153m worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Feb 16
Niraj Cement Structurals Limited Announces Change in Management Niraj Cement Structurals Limited announced that the Board of Directors of the Company at its meeting held on 13 February, 2021 has approved the appointment of Mr. Vishram Rudre as an Additional (Managing) Director of the Company effective February 13, 2021 for the period of 3 years liable to retire by rotation. The appointment of Mr. Vishram Rudre will be subject To Approve the shareholders at the upcoming Annual General Meeting of the Company. The board approved the appointment of Mr. Sudhakar Tandale as an Additional (Whole-time) Director of the Company effective February 13, 2021, for the period of 3 years liable to retire by rotation. The board approved the appointment of Mr. Sudhakar Tandale will be subject To Approve the shareholders at the upcoming Annual General Meeting of the Company. The board approved the resignation of Mr. Gulshan Vijaykumar Chopra as Managing Director of the Company, a member of Audit Committee and Stakeholder Relationship Committee effective February 13, 2021 vide his resignation letter dated February 13, 2021. due to some personal reasons. The board approved resignation of Mr. Ratan Krishan Chopra as Whole Time Director of the Company effective February 13, 2021, vide his resignation letter dated February 13, 2021 due to some personal and other professional commitments. Announcement • Feb 07
Niraj Cement Structurals Limited to Report Q3, 2021 Results on Feb 13, 2021 Niraj Cement Structurals Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: ₹38.30 The company is down 16% from its price of ₹45.50 on 03 November 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: ₹43.45 The company is down 11% from its price of ₹48.65 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 41% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: ₹46.45 The company is up 3.0% from its price of ₹44.90 on 10 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₹32.50 The company is down 39% from its price of ₹53.15 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 6.0% over the same period. Announcement • Jun 21
Niraj Cement Structurals Limited to Report Q4, 2020 Results on Jun 30, 2020 Niraj Cement Structurals Limited announced that they will report Q4, 2020 results on Jun 30, 2020 
