Niraj Cement Structurals Valuation

Q: What is the Fair Price of NIRAJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NIRAJ (₹63.27) is trading above our estimate of [[fair value]] (₹6.31)

Is NIRAJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NIRAJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NIRAJ (₹63.27) is trading above our estimate of fair value (₹6.31)

Significantly Below Fair Value: NIRAJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NIRAJ?

Key metric: As NIRAJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NIRAJ. This is calculated by dividing NIRAJ's market cap by their current earnings.
What is NIRAJ's PE Ratio?
PE Ratio	19x
Earnings	₹133.15m
Market Cap	₹2.54b

NIRAJ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.5x
Enterprise Value/EBITDA	11.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does NIRAJ's PE Ratio compare to its peers?

The above table shows the PE ratio for NIRAJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.1x
543997 Organic Recycling Systems	17.7x	n/a	₹2.2b
RKEC RKEC Projects	9.7x	n/a	₹2.4b
539407 Generic Engineering Construction and Projects	20x	n/a	₹2.2b
UNIVASTU Univastu India	29x	n/a	₹2.7b
NIRAJ Niraj Cement Structurals	19x	n/a	₹2.5b

Price-To-Earnings vs Peers: NIRAJ is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does NIRAJ's PE Ratio compare vs other companies in the IN Construction Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
CCCL Consolidated Construction Consortium	0.9x	n/a	US$81.32m
533152 MBL Infrastructures	2.5x	n/a	US$67.18m
ATLANTAA Atlantaa	2.4x	n/a	US$48.21m
SKIL SKIL Infrastructure	0.1x	n/a	US$14.31m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NIRAJ is good value based on its Price-To-Earnings Ratio (19x) compared to the Indian Construction industry average (25.1x).

Price to Earnings Ratio vs Fair Ratio

What is NIRAJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NIRAJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NIRAJ's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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