MarketFriction

Ceigall India Ltd

NSE CEIGALL · BSE 544223 · Civil Construction
₹380.10 -0.69%
NSE close2026-10-01
52 week range222.61 - 405.70
Market cap₹6,580 Cr.
P/E20.5
IPO 2024 · -5% since Microcap 250 Price band 10% Delivery 44.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7416959448227728311,0128388079911,387970
Expenses6145557796786497078847296938521,163826
Operating Profit127140164144123123128109114139224143
OPM %17%20%17%18%16%15%13%13%14%14%16%15%
Other Income91288151123141711129
Interest242126353527374237374444
Depreciation141316131412161416161613
Profit before tax9711713110488959867779717695
Tax %24%33%17%25%26%25%26%24%27%25%27%33%
Net Profit74781087866717251567212964
EPS in Rs4.705.046.935.053.864.204.253.053.334.257.273.52
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8731,1342,0683,0293,4374,0224,154
Expenses7139481,7732,5122,9183,4373,534
Operating Profit160186296518518585620
OPM %18%16%14%17%15%15%15%
Other Income12131937565449
Interest7115294134160162
Depreciation14193855566261
Profit before tax151169225405385418446
Tax %26%26%26%25%25%26%
Net Profit112126167304287309321
EPS in Rs1,145.5016.0221.2919.4816.8817.9018.37
Dividend Payout %0%0%7%0%0%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%36%25%20%
Compounded Profit Growth%23%24%20%
Stock Price CAGR%%%43%
Return on Equity%24%22%16%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.983939798787
Reserves3043925548091,7452,051
Borrowings303167031,0661,3971,311
Other Liabilities1392125326381,0182,074
Total Liabilities4749591,8282,5924,2485,523
Fixed Assets67126249301339341
CWIP1422234
Investments1371232610
Other Assets3947591,5552,2873,8805,169
Total Assets4749591,8282,5924,2485,523
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity103-135-73-211-520-91
Cash from Investing Activity-20-164-134-38-130-44
Cash from Financing Activity-63103262758468
Net Cash Flow771111926197-127
Free Cash Flow70-214-229-317-624-129
CFO/OP89%-47%-3%-20%-79%6%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days153156527258
Inventory Days303457413711
Days Payable5650191119260164
Cash Conversion Cycle-1115-78-26-151-95
Working Capital Days18164215962
ROCE %33%27%30%19%17%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters82.05%82.05%82.05%82.05%82.05%82.05%82.05%82.05%
FIIs2.97%1.58%1.47%1.81%2.48%2.90%3.14%3.88%
DIIs6.88%7.67%8.23%7.33%5.67%5.08%5.37%3.65%
Public8.09%8.70%8.25%8.80%9.79%9.96%9.44%10.41%
No. of Shareholders1,92,2621,79,4311,70,8851,67,9261,66,7611,59,9981,49,5201,33,934

Fundamentals

Market Cap₹ 6,580 Cr.
Current Price₹ 378
Stock P/E20.5
Book Value₹ 123
ROCE17.3 %
ROE15.7 %
Dividend Yield0.13 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)20%
Consolidated figures.
Valuation
Market capRs 6,624 Cr
Enterprise valueRs 6,748 Cr
P/E (TTM)20.70x
Price to book15.36x
Price to sales1.59x
EV / EBITDA10.10x
EV / EBIT11.10x
EV / sales1.62x
Earnings yield4.83%
Profitability
Operating margin (excl. other income)16.40%
Operating margin (incl. other income)17.52%
EBITDA margin16.09%
Pre-tax margin10.73%
Net profit margin7.70%
Net margin, latest quarter6.32%
ROE34.18%
ROCE33.26%
ROA17.56%
ROIC (approx.)81.27%
Tax rate25.73%
Other income / net worth2.95%
Growth
Sales growth (latest year)29.84%
Profit growth (latest year)11.88%
Sales growth QoQ-30.07%
Profit growth QoQ-51.58%
Sales growth YoY (latest quarter)15.68%
Profit growth YoY (latest quarter)15.27%
Per share
EPS (TTM)Rs 18.36
EPS (latest year)Rs 16.02
EPS (latest quarter)Rs 3.52
Book value per shareRs 24.75
Sales per shareRs 238.35
Cash flow per shareRs -7.72
Free cash flow per shareRs -7.40
Efficiency
Asset turnover1.18x
Fixed asset turnover9.03x
Inventory turnover23.10x
Inventory days16 days
Debtor days31 days
Debtors turnover11.82x
Creditor days164 days
Cash conversion cycle-95 days
Working capital days62 days
Leverage
Total debtRs 316 Cr
Cash and bankRs 192 Cr
Net debtRs 124 Cr
Debt to equity0.73x
Net debt / EBITDA0.19x
Interest coverage3.75x
Current ratio (filing 2026-03-31)1.38x
Quick ratio (filing 2026-03-31)1.34x
Trade payables (filing 2026-03-31)Rs 1,471 Cr
Owners' fund to total sources44.96%
Debt to assets32.98%
Cash flow
Cash from Operating Activity (latest year)Rs -135 Cr
Cash from Investing Activity (latest year)Rs -164 Cr
Cash from Financing Activity (latest year)Rs 310 Cr
Net Cash Flow (latest year)Rs 11 Cr
Free cash flow (latest year)Rs -129 Cr
FCFE (approx.: FCF + change in debt)Rs 158 Cr
Cash from ops / profit, 5 years-0.86x
Statement figures
Net sales (TTM)Rs 4,154 Cr
Net sales (latest year)Rs 1,134 Cr
Sales (latest quarter)Rs 970 Cr
Operating profit excl. other income (latest year)Rs 186 Cr
Operating profit (latest quarter)Rs 143 Cr
Other income (TTM)Rs 49 Cr
EBITDA (TTM)Rs 668 Cr
PBDT (TTM)Rs 506 Cr
Profit before tax (TTM)Rs 446 Cr
Tax (latest year)Rs 44 Cr
Net profit (TTM)Rs 320 Cr
Net profit (latest year)Rs 126 Cr
Net profit (latest quarter)Rs 61 Cr
Depreciation (TTM)Rs 61 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 162 Cr
Cost of goods sold (latest year)Rs 891 Cr
Total expenditure (latest year)Rs 948 Cr
Total income (latest year)Rs 1,147 Cr
Share capitalRs 39 Cr
ReservesRs 392 Cr
Shareholders' fundsRs 431 Cr
Total assetsRs 959 Cr
Net blockRs 126 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 71 Cr
ReceivablesRs 96 Cr
InventoryRs 39 Cr
Other liabilitiesRs 212 Cr
Shares outstanding (crore)17.43
Ownership
Promoter holding82.05% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodCEIGALLNifty 50Difference
1 week-0.6%-2.8% +2.1 pts
1 month+10.3%-6.8% +17.1 pts
3 months+4.4%-7.6% +12.0 pts
6 months+40.3%+0.4% +39.9 pts
1 year+40.1%-9.9% +50.0 pts
2 years-3.1%-13.6% +10.5 pts
8 mutual fund schemes hold about ₹85 Cr. Over three months 3 bought more and 5 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Balanced Advantage Fund0.04%45 -11%
HDFC Infrastructure Fund1.03%24 -12%
HDFC Business Cycle Fund0.21%6 -67%
Taurus Flexi Cap Fund1.48%5 +100%
Taurus Ethical Fund1.05%5 +100%
Taurus Infrastructure Fund2.77%0 +100%
Tata Dividend Yield Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -20%

Red flags

F-score 1 of 8
explainWeak cash conversion Cash from operations was -13% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 27% of total assets in 2026
lookShare dilution Share count up 7760% in a year
lookAuditor change Auditor change 2026-05-07: Ceigall India Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2025-10-10: Ceigall India Limited has informed the Exchange about Action(s) taken or orders passed regarding Intimation of Receipt of Arbitration Award
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹970 Cr +15.8% vs Jun 2025. Net profit ₹64 Cr +25.5%.
Against our estimate for Jun 2026: sales -9.7%, profit -16.1% in line. Our estimate for Sep 2026: sales Rs 1,020 Cr, profit Rs 72 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 0.50 Per Share
2024-09-23Dividend - Re 0.50 Per Share
DateTypeWhat it says
2026-10-01Change in ManagementChange in Management-Change in Management - Outcome of 24th Annual General Meeting
2026-10-01Shareholder meetingVoting results.
2026-09-30Order winReceiving of Letter of Intent
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-27Concall / analyst meetSchedule of meet on 30th September 2026.
2026-09-25AcquisitionInvestment in SPV.
2026-09-25Committee Meeting UpdatesOutcome of Committee Meeting held on September 25, 2026.
2026-09-23Concall / analyst meetSchedule of meet on 29th September 2026.
2026-09-23Concall / analyst meetSchedule of meet on 28th September 2026.
2026-09-22Press ReleaseA press release titled "Ceigall India s Maharashtra Solar Project Reaches 10 MW capacity with Commissioning of Another 5 MW".
2026-09-22General UpdatesUpdate on Ceigall Green Energy MH2 Project.
2026-09-11Other RestructuringInvestment by way of subscription 49% equity in the Joint Venture Company (proposed to be incorporated).
2026-09-11AcquisitionAcquisition.
2026-09-11Board meeting outcomeOutcome of Board Meeting held on September 11, 2026.
2026-09-08Order winEmerging as the H1 bidder in the Project नवादा जिला के पत्थ&...
2026-09-07Updates. Machine Readable / legible copy of Financial Results.
2026-09-03General UpdatesLetter to Shareholders under Regulation 36(1)(b).
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026.
2026-09-03Press ReleaseA press release dated September 03, 2026, titled "Ceigall India Receives LOI of ₹5,300 Crore for Transmission Project for Power Evacuation in Gu...
2026-09-03Order winReceiving of Letter of Intent (LOI) from RECPDCL.
2026-08-31General UpdatesCommissioning of First 5 MW Solar Power Project under MSKVY 2.0 by Wholly Owned Subsidiary of the Company
2026-08-26Order winEmerging as L1 Bidder for project from RECPDCL
2026-08-25UpdatesCommunication to Shareholders -Intimation on Tax Deduction on Dividend.
2026-08-24Press ReleaseA press release dated August 24, 2026, titled " Ceigall India Strengthens Arunachal Pradesh Footprint with ₹704.70 Crore Frontier Highway Order ...
2026-08-24Order winReceipt of LOA.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ceigall India Ltd?

Ceigall India Ltd (CEIGALL) has a market capitalisation of Rs 6,580 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ceigall India Ltd?

Ceigall India Ltd trades at a P/E of 20.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ceigall India Ltd's latest quarterly results?

In the Jun 2026 quarter, Ceigall India Ltd sales was Rs 970 Cr (+15.8% vs Jun 2025) and net profit was Rs 64 Cr.

What is the 52-week high and low of Ceigall India Ltd?

The 52-week high is Rs 405.70 and the 52-week low is Rs 222.61.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03