Niraj Cement Structurals Limited

NSEI:NIRAJ Stock Report

Market Cap: ₹1.8b

Niraj Cement Structurals Past Earnings Performance

Past criteria checks 3/6

Niraj Cement Structurals has been growing earnings at an average annual rate of 52.9%, while the Construction industry saw earnings growing at 30.7% annually. Revenues have been growing at an average rate of 15.1% per year. Niraj Cement Structurals's return on equity is 8%, and it has net margins of 3.9%.

Key information

52.92%

Earnings growth rate

46.92%

EPS growth rate

Construction Industry Growth18.99%
Revenue growth rate15.11%
Return on equity7.95%
Net Margin3.90%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article May 29

Niraj Cement Structurals' (NSE:NIRAJ) Earnings Are Weaker Than They Seem

Niraj Cement Structurals Limited ( NSE:NIRAJ ) announced strong profits, but the stock was stagnant. Our analysis...

Recent updates

Analysis Article May 29

Niraj Cement Structurals' (NSE:NIRAJ) Earnings Are Weaker Than They Seem

Niraj Cement Structurals Limited ( NSE:NIRAJ ) announced strong profits, but the stock was stagnant. Our analysis...
Analysis Article Apr 21

Do Niraj Cement Structurals' (NSE:NIRAJ) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Dec 04

Market Might Still Lack Some Conviction On Niraj Cement Structurals Limited (NSE:NIRAJ) Even After 26% Share Price Boost

Niraj Cement Structurals Limited ( NSE:NIRAJ ) shareholders are no doubt pleased to see that the share price has...
Analysis Article Nov 16

Niraj Cement Structurals (NSE:NIRAJ) Might Have The Makings Of A Multi-Bagger

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Oct 11

Market Cool On Niraj Cement Structurals Limited's (NSE:NIRAJ) Earnings Pushing Shares 26% Lower

Unfortunately for some shareholders, the Niraj Cement Structurals Limited ( NSE:NIRAJ ) share price has dived 26% in...
Analysis Article Aug 15

Take Care Before Diving Into The Deep End On Niraj Cement Structurals Limited (NSE:NIRAJ)

NSEI:NIRAJ 1 Year Share Price vs Fair Value Explore Niraj Cement Structurals's Fair Values from the Community and...
Analysis Article May 30

Niraj Cement Structurals' (NSE:NIRAJ) Earnings Aren't As Good As They Appear

Even though Niraj Cement Structurals Limited ( NSE:NIRAJ ) posted strong earnings recently, the stock hasn't reacted in...
Analysis Article Mar 18

Does Niraj Cement Structurals (NSE:NIRAJ) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Feb 12

Take Care Before Diving Into The Deep End On Niraj Cement Structurals Limited (NSE:NIRAJ)

With a price-to-earnings (or "P/E") ratio of 18x Niraj Cement Structurals Limited ( NSE:NIRAJ ) may be sending bullish...
Analysis Article Sep 11

Niraj Cement Structurals (NSE:NIRAJ) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Sep 11

Further Upside For Niraj Cement Structurals Limited (NSE:NIRAJ) Shares Could Introduce Price Risks After 27% Bounce

Despite an already strong run, Niraj Cement Structurals Limited ( NSE:NIRAJ ) shares have been powering on, with a gain...
Analysis Article Jun 27

Niraj Cement Structurals Limited (NSE:NIRAJ) Might Not Be As Mispriced As It Looks

Niraj Cement Structurals Limited's ( NSE:NIRAJ ) price-to-earnings (or "P/E") ratio of 22.5x might make it look like a...
Analysis Article Mar 17

More Unpleasant Surprises Could Be In Store For Niraj Cement Structurals Limited's (NSE:NIRAJ) Shares After Tumbling 26%

Niraj Cement Structurals Limited ( NSE:NIRAJ ) shares have had a horrible month, losing 26% after a relatively good...
Analysis Article Mar 12

We Like These Underlying Return On Capital Trends At Niraj Cement Structurals (NSE:NIRAJ)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Jan 30

Niraj Cement Structurals Limited (NSE:NIRAJ) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Niraj Cement Structurals Limited ( NSE:NIRAJ ) shares have continued their recent momentum with a 30% gain in the last...
Analysis Article Mar 17

Niraj Cement Structurals (NSE:NIRAJ) Is Looking To Continue Growing Its Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article Sep 10

There's Been No Shortage Of Growth Recently For Niraj Cement Structurals' (NSE:NIRAJ) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Feb 26

Some Investors May Be Worried About Niraj Cement Structurals' (NSE:NIRAJ) Returns On Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article Jul 06

A Look At The Intrinsic Value Of Niraj Cement Structurals Limited (NSE:NIRAJ)

Does the July share price for Niraj Cement Structurals Limited ( NSE:NIRAJ ) reflect what it's really worth? Today, we...
Analysis Article Oct 03

Investors Interested In Niraj Cement Structurals Limited's (NSE:NIRAJ) Earnings

With a price-to-earnings (or "P/E") ratio of 44.6x Niraj Cement Structurals Limited (NSE:NIRAJ) may be sending very...

Revenue & Expenses Breakdown

How Niraj Cement Structurals makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:NIRAJ Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 265,420211210
31 Dec 255,729236200
30 Sep 255,527201180
30 Jun 255,191152170
31 Mar 255,071151160
31 Dec 244,745142160
30 Sep 244,815133170
30 Jun 244,544102180
31 Mar 244,70997180
31 Dec 236,51148190
30 Sep 236,29341160
30 Jun 236,25041140
31 Mar 236,06143140
31 Dec 224,51431140
30 Sep 224,11929120
30 Jun 223,68826110
31 Mar 223,5642490
31 Dec 212,4221470
30 Sep 211,9511070
30 Jun 212,1481480
31 Mar 211,74813100
31 Dec 201,73221110
30 Sep 201,85224110
30 Jun 201,27016110
31 Mar 201,23616100
31 Dec 191,23816980
30 Sep 191,13513980
30 Jun 191,1061480
31 Mar 191,1011290
31 Dec 181,08396440
30 Sep 181,13986430
30 Jun 181,16010110
31 Mar 181,149116420
31 Dec 171,072570
30 Sep 171,072760
30 Jun 171,069660
31 Mar 171,080850
31 Dec 16943750
30 Sep 161,063550
30 Jun 161,100600
31 Mar 161,060750
31 Dec 151,18617150
30 Sep 151,13625150

Quality Earnings: NIRAJ has a high level of non-cash earnings.

Growing Profit Margin: NIRAJ's current net profit margins (3.9%) are higher than last year (3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NIRAJ's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: NIRAJ's earnings growth over the past year (40.2%) is below its 5-year average (52.9% per year).

Earnings vs Industry: NIRAJ earnings growth over the past year (40.2%) exceeded the Construction industry 18.7%.


Return on Equity

High ROE: NIRAJ's Return on Equity (8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 08:27
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Niraj Cement Structurals Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.