Why is Niraj Cement Structurals Ltd ?
1
Flat results in Mar 26
- PBT LESS OI(Q) At Rs 1.72 cr has Fallen at -65.3% (vs previous 4Q average)
- NET SALES(Q) At Rs 135.86 cr has Fallen at -5.2% (vs previous 4Q average)
- NON-OPERATING INCOME(Q) is 78.77 % of Profit Before Tax (PBT)
2
Underperformed the market in the last 1 year
- Even though the market (BSE500) generated negative returns of -1.72% in the last 1 year, its fall in the stock was much higher with a return of -49.50%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Construction)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Niraj Cement for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Niraj Cement
-48.95%
-0.84
58.05%
Sensex
-8.2%
-0.63
13.07%
Quality key factors
Factor
Value
Sales Growth (5y)
11.05%
EBIT Growth (5y)
46.86%
EBIT to Interest (avg)
8.59
Debt to EBITDA (avg)
4.95
Net Debt to Equity (avg)
0.17
Sales to Capital Employed (avg)
2.30
Tax Ratio
25.95%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.09%
ROCE (avg)
5.33%
ROE (avg)
6.28%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
44
Price to Book Value
0.64
EV to EBIT
12.64
EV to EBITDA
11.04
EV to Capital Employed
0.69
EV to Sales
0.39
PEG Ratio
0.34
Dividend Yield
NA
ROCE (Latest)
5.46%
ROE (Latest)
7.95%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Movement
4What is working for the Company
PAT(9M)
At Rs 20.13 cr has Grown at 39.55%
-5What is not working for the Company
PBT LESS OI(Q)
At Rs 1.72 cr has Fallen at -65.3% (vs previous 4Q average
NET SALES(Q)
At Rs 135.86 cr has Fallen at -5.2% (vs previous 4Q average
NON-OPERATING INCOME(Q)
is 78.77 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Niraj Cement
Profit After Tax (PAT) - Nine Monthly
At Rs 20.13 cr has Grown at 39.55%
Year on Year (YoY)MOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Nine Monthly
Higher at Rs 20.13 Cr
than preceding 12 month period ended Mar 2026 of Rs 15.42 crMOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Niraj Cement
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 1.72 cr has Fallen at -65.3% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 4.95 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
At Rs 135.86 cr has Fallen at -5.2% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 143.30 CrMOJO Watch
Near term sales trend is negative
Net Sales (Rs Cr)
Non Operating Income - Quarterly
is 78.77 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Non Operating Income - Quarterly
Highest at Rs 6.38 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






