Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Oct - Ceigall received completion certificate for ₹1,659.84 crore Delhi–Saharanpur Highway; O&M at ₹2.88 crore annually.
Source: Bse
Ceigall India Limited (CEIGALL)
Small CapInfra stocks · Small cap · NSE
Ceigall India Limited operates in Roads, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹387.6
-6.20 · -1.57%
Market cap ₹6,685 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:16 pm ISTDetails
Quote21 Oct, 03:16 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result07 Sept, 11:02 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
65Bullishfull bull SMA stack · SMA20 +7.0% / mo · MACD + · near 52W high · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 85
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
CEIGALLD candles · FIT view+17.0%TODAY · PROVISIONALLatest price ₹387.60 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.4%
RSI
58
MACD hist
0.17
52W pos
90%
2026-10-21O ₹393.00H ₹393.00L ₹382.00C ₹387.60Vol 2.3L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CEIGALLNifty InfraNifty 500
- CEIGALL
- +15.4%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- +20.9 pp
Chart stats
19 Oct 2026- From 52W high
- -2.9%
- 52W range position
- 94%
- ATR (14)
- 3.4%
- Volume vs 20D
- 0.86x
- Avg traded value
- ₹12.1 Cr
- 20D price channel
- ₹356.6 - ₹396
₹405.7
₹222.6 - ₹405.7
₹13.5
Latest completed session
20-session average
25.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent80
Revenue +15.8% · PAT +25.5% YoY
Technical
Bullish65
Price trend and sector-relative-strength timing.
Valuation
Legacy model+8.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence62
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 80/100Rev +16% YoY · PAT +25% YoY · margin expansion · operating leverage
Filed 07 Sept 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹970 Cr | +15.8% | -30.1% |
| EBITDA | ₹143 Cr | +31.2% | -36.2% |
| Operating margin | 15.0% | +200 bps | -100 bps |
| PAT | ₹64 Cr | +25.5% | -50.4% |
| PAT margin | 6.6% | +51 bps | -270 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 20.80
- P/B
- 3.12
- EV/EBITDA
- 11.74
- Market Cap
- 6685.00Cr
Profitability
- ROE
- 15.70%
- ROCE
- 17.30%
- ROA
- 5.81%
- Dividend Y
- 0.13%
Growth (CAGR)
- Revenue 5Y
- 36.00%
- EPS 5Y
- 23.00%
- Revenue 3Y
- 25.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 0.72
- Interest Coverage
- 3.83×
- Altman Z
- 2.77
- Book Value
- 123.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -91.00 Cr
- EPS TTM
- 18.37
Shareholding
- Promoter Hold
- 82.05%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 88%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 4,154+3.3% vs prev
Net Profit
₹ CrLatest: 309+7.7% vs prev
Return on Equity
%Latest: 355+2166.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 58.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~5.8% over last month) — short-term momentum positive.
- RSI(14) at 58 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 4% off 52W high · 74% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
87
RS percentile
Stage 2 UptrendEstablished S2
1M return
+5.4%
3M return
+15.4%
6M return
+20.7%
1Y return
+54.7%
RS 1D
+1
RS 20D
+7
Sector rank
#16
Industry rank
#70
Stage evidence
- Price is 14.2% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
26 Aug 2026
S2 age
37 trading sessions
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 154.34+1.65%
RS vs Nifty 500154
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth18/25
Quality11/20
Balance Sheet6/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-1
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
Positive drivers
- Growth contributes 18/25 to the score.
- Quality contributes 11/20 to the score.
- Balance sheet contributes 6/15 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
20.8
PB
3.1
EV/EBITDA
11.7
ROE
15.7%
ROCE
17.3%
FCF Yield
—
Debt/Equity
0.7
MoS
+8.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+8.7%
Previous: +7.2%
Score history
12 stored score snapshots. Latest stored move: -2 points.
21 Oct 2026
v4.3-runtime-valuation
41
41
41
41
41
41
41
41
41
41
41
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹225.47
-71.9% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹424.35
+8.7% MoS
PEG
0.89
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GRINFRA
Micro
G R Infraprojects Limited
Construction & Engineering
match 86
36
8.1
9.2%
-27%
WATCHLIST
HILINFRA
Small
Highway Infrastructure Limited
Construction & Engineering
match 83
51
12.1
18.8%
+36%
FAIR VALUE
BRNL
Small
Bharat Road Network Limited
Construction & Engineering
match 83
23
—
-8.2%
—
OVERVALUED
GAYAHWS
Small
Gayatri Highways Limited
Construction & Engineering
match 83
24
—
—
—
OVERVALUED
HGINFRA
Micro
H.G. Infra Engineering Limited
Construction & Engineering
match 81
26
10.3
8.5%
-58%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Ceigall India Limited operates in Roads, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
62Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 35th percentile of the scored universe and 43rd percentile within Infra. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
58 docs text-extracted · 20 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
35th percentile
overall median 67 · Infra: 43rd pctile, median 64 · Small: 40th pctile, median 66
Evidence depth
Financial-only
58 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
58
watch · capital discipline
Results
90
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 82.1%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-91 Cr.
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -4.7%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ceigall India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 12 Oct - Ceigall acquired 100% of JKJTL for Rs 18.40 crore to execute a power transmission project.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 1 Oct - AGM approved reappointments of Vishal Anand, Gurpreet Kaur and appointments of Ankit Agarwal, Ayyalusamy Saravanan, Dr. Pawan Kumar.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Sep - Ceigall India receives LOI for Bihar stone block mining project worth ₹214.52 crore over five years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - Intimation of Schedule of Analyst / Institutional Investor meeting under the SEBI (LODR), Regulations 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Joint Venture 11 Sep - Board approved 100% acquisition of JKJTL and 49% JV investment for transmission project.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 11 Sep - Board approved 100% acquisition of JKJTL for transmission project and 49% investment in proposed JV.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 8 Sep - Ceigall emerged H1 bidder for Nawada stone blocks leasing; ₹214.52 crore over five years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 21 Aug - Ceigall India wins ₹225 crore HPSIDC LOA for Bulk Drug Park at Una, 18-month execution.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Aug - Ceigall India received ₹225 crore LOA for Bulk Drug Park development in Una, Himachal Pradesh, over 18 months.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 19 Aug - Approved security creation and ₹29.44 crore equity infusion for Indore-Ujjain highway SPV.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - Ceigall India JV wins five LOAs worth ₹2,423.70 crore for NH-913 road works in Arunachal Pradesh.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.