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Niraj Cement Structurals (NIRAJ)₹25.90−1.26%Civil Construction
In the Jun 2026 quarter (consolidated), Niraj Cement Structurals reported sales of ₹104 Cr, up 10.7% from Jun 2025, and net profit of ₹3.58 Cr, up 254.5% year on year. For the year to Mar 2026, sales were ₹540 Cr and net profit ₹21.08 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 111 | 126 | 133 | 82.29 | 137 | 119 | 166 | 94.16 | 171 | 139 | 135 | 104 |
| Expenses | 109 | 123 | 126 | 82.27 | 133 | 117 | 159 | 95.53 | 162 | 134 | 131 | 103 |
| Operating Profit | 2.10 | 3.74 | 8.28 | 0.31 | 5.23 | 2.35 | 8.20 | −0.97 | 9.60 | 6.31 | 4.38 | 1.15 |
| OPM % | 1.9% | 3.0% | 6.2% | 0.4% | 3.8% | 2.0% | 4.9% | −1.1% | 5.6% | 4.5% | 3.2% | 1.1% |
| Other Income | −0.35 | −1.67 | 1.74 | 1.30 | 0.50 | 1.12 | 3.18 | 2.89 | 2.29 | 3.09 | 6.39 | 7.00 |
| Interest | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | 0.90 | 2.00 | 2.63 |
| Depreciation | 0.62 | 0.42 | 0.24 | 0.50 | 0.55 | 0.52 | 0.60 | 0.56 | 0.62 | 0.57 | 0.66 | 0.54 |
| Profit before tax | 1.12 | 1.66 | 9.79 | 1.09 | 5.17 | 2.93 | 10.78 | 1.30 | 11.23 | 7.94 | 8.11 | 4.97 |
| Tax % | 27.9% | 21.2% | 23.5% | 23.1% | 24.0% | 25.7% | 21.4% | 23.2% | 21.4% | 28.4% | 30.2% | 28.2% |
| Exceptional items | −2.01 | −3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.81 | 1.32 | 7.49 | 0.84 | 3.93 | 2.18 | 8.49 | 1.01 | 8.83 | 5.69 | 5.67 | 3.58 |
| EPS (Rs) | 0.21 | 0.34 | 1.85 | 0.22 | 0.99 | 0.51 | 1.41 | 0.18 | 1.49 | 0.94 | 0.96 | 0.61 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 174 | 355 | 603 | 469 | 505 | 540 | 550 |
| Expenses | 174 | 351 | 597 | 455 | 491 | 523 | 531 |
| Operating Profit | 0.99 | 4.98 | 8.97 | 15.94 | 15.94 | 18.93 | 21.44 |
| OPM % | 0.5% | 1.4% | 1.5% | 3.4% | 3.2% | 3.6% | 3.9% |
| Other Income | 3.01 | 0.00 | −1.01 | −1.01 | 6.01 | 15.03 | 18.77 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 5.58 |
| Depreciation | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 2.39 |
| Profit before tax | 2.01 | 3.01 | 7.02 | 13.02 | 20.03 | 29.04 | 32.25 |
| Tax % | 33.0% | 24.0% | 37.0% | 25.0% | 25.0% | 26.0% | — |
| Exceptional items | −0.58 | −3.10 | −2.84 | −6.04 | −0.48 | 0.00 | 0.00 |
| Net Profit | 1.01 | 2.01 | 4.01 | 10.03 | 15.04 | 21.08 | 23.77 |
| EPS (Rs) | 0.34 | 0.62 | 1.09 | 2.41 | 2.52 | 3.55 | 4.00 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 43.05 | 43.18 | 43.09 | 40.13 | 60.23 | 60.10 |
| Reserves | 134 | 136 | 133 | 112 | 184 | 206 |
| Borrowings | 29.88 | 12.97 | 25.90 | 0.99 | 1.99 | 75.73 |
| Other Liabilities | 69.66 | 119 | 112 | 104 | 139 | 124 |
| Total Liabilities | 276 | 313 | 314 | 257 | 384 | 466 |
| Fixed Assets | 9.99 | 8.01 | 6.99 | 9.01 | 10.99 | 13.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 |
| Investments | 14.06 | 14.06 | 14.06 | 15.06 | 23.09 | 15.07 |
| Other Assets | 252 | 290 | 292 | 232 | 350 | 437 |
| Inventories | 7.01 | 6.01 | 3.01 | 6.01 | 7.01 | 6.01 |
| Trade receivables | 66.11 | 78.16 | 102 | 57.10 | 69.09 | 73.07 |
| Cash & equivalents | 6.02 | 37.13 | 23.09 | 23.07 | 41.10 | 32.10 |
| Total Assets | 276 | 313 | 314 | 257 | 384 | 466 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | −5.02 | 39.15 | −30.09 | 27.09 | −73.31 | −98.33 |
| Cash from investing activity | −8.98 | −10.98 | 14.96 | −4.99 | −18.96 | 16.96 |
| Cash from financing activity | 9.01 | −17.01 | 5.01 | −26.05 | 105 | 71.12 |
| Net cash flow | −5.01 | 10.02 | −10.02 | −4.01 | 13.04 | −10.03 |
| Capex | 0.05 | 0.05 | 0.02 | 3.91 | 4.46 | 5.17 |
| Free cash flow | −4.98 | 37.86 | −29.87 | 22.93 | −76.77 | −103 |
| CFO / OP % | −508.0% | 778.0% | −323.0% | 191.0% | −416.0% | −466.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 138 | 79 | 61 | 44 | 50 | 49 |
| Inventory days | — | — | — | — | — | 5 |
| Days payable | — | — | — | — | — | 16 |
| Cash conversion cycle | 137 | 78 | 60 | 43 | 49 | 35 |
| Working capital days | 255 | 99 | 62 | 57 | 94 | 114 |
| ROCE % | — | 4.0% | 6.0% | 12.0% | 10.0% | 11.0% |
For the Jun 2026 quarter, Niraj Cement Structurals reported sales of ₹104 Cr, up 10.7% year on year and net profit of ₹3.58 Cr, up 254.5% year on year. The operating margin was 1.1%.
Niraj Cement Structurals' sales for the year to Mar 2026 were ₹540 Cr; over the last twelve months they were ₹550 Cr.
Net profit for the year to Mar 2026 was ₹21.08 Cr, and ₹23.77 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.00.
Niraj Cement Structurals reported borrowings of ₹75.73 Cr at Mar 2026, against cash and equivalents of ₹32.10 Cr.
Cash from operations was −₹98.33 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹103 Cr.