Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep
Source: Bse
Niraj Cement Structurals Limited (NIRAJ)
Small CapIndustrials stocks · Small cap · NSE
Niraj Cement Structurals Limited operates in Cement, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 05:27 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
30Bearishfull bear SMA stack · SMA20 -2.8% / mo · MACD −
Stock trend: 19
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NIRAJD candles · FIT view-12.5%Latest close ₹25.87 on 2026-10-21
Bar
-1.4%
RSI
35
MACD hist
-0.14
52W pos
23%
2026-10-21O ₹26.23H ₹26.65L ₹25.63C ₹25.87Vol 18,408 sh
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
NIRAJNifty India ManufacturingNifty 500
- NIRAJ
- -9.5%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -3.1 pp
Chart stats
21 Oct 2026- From 52W high
- -43.1%
- 52W range position
- 23%
- ATR (14)
- 5.4%
- Volume vs 20D
- 0.62x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹25.6 - ₹29.9
₹45.5
₹20.2 - ₹45.5
₹1.4
Latest completed session
20-session average
33.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE53
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent80
Revenue +10.6% · PAT +257.0% YoY
Technical
Bearish30
Price trend and sector-relative-strength timing.
Valuation
Legacy model+83.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
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 +11% YoY · PAT +257% YoY · margin expansion · operating leverage
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹104.5 Cr | +10.6% | -23.1% |
| EBITDA | ₹1.2 Cr | +218.4% | -73.6% |
| Operating margin | 1.1% | +215 bps | -213 bps |
| PAT | ₹3.6 Cr | +257.0% | -36.8% |
| PAT margin | 3.4% | +235 bps | -75 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.03
- P/B
- 0.63
- EV/EBITDA
- 10.13
- Market Cap
- 167.00Cr
Profitability
- ROE
- 8.19%
- ROCE
- 10.70%
- ROA
- 5.14%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 62.00%
- Revenue 3Y
- -4.00%
- EPS 3Y
- 43.00%
Balance Sheet
- Debt/Equity
- 0.29
- Interest Coverage
- 3.67×
- Altman Z
- 2.66
- Book Value
- 44.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -98.00 Cr
- EPS TTM
- 3.98
Shareholding
- Promoter Hold
- 24.89%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 29%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 542+6.9% vs prev
Net Profit
₹ CrLatest: 21.0+40.0% vs prev
Return on Equity
%Latest: 7.9+28.3% 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
Bearish setupTrend is weak — long-term trend down. RSI 35.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.9% over last month) — short-term momentum negative.
- RSI(14) at 35 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 43% off 52W high · 28% 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
39
RS percentile
Stage 1 Base / Transition
1M return
-10.0%
3M return
-9.5%
6M return
-15.9%
1Y return
-20.9%
RS 1D
+1
RS 20D
+8
Sector rank
#2
Industry rank
#76
Stage evidence
- Price is 9.5% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 59.16-0.39%
RS vs Nifty 50059
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation30/30
Growth20/25
Quality1/20
Balance Sheet6/15
Cash Flow1/10
Piotroski
5/9 (+3)
Penalties
-8
Raw sum
53
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
53/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 83.5%.
- Valuation contributes 30/30 to the score.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Quality is weaker at 1/20; verify the latest quarterly trend.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
7.0
PB
0.6
EV/EBITDA
10.1
ROE
8.2%
ROCE
10.7%
FCF Yield
—
Debt/Equity
0.3
MoS
+83.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 7.0, so peak-cycle earnings risk should be checked.
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: 22 Oct 2026
v4.3-runtime-valuation
Final score
53
Previous: 53
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+83.5%
Previous: +83.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
53
53
53
53
53
53
53
53
53
53
53
53
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
₹63.2
+59.1% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹156.41
+83.5% MoS
PEG
0.13
Comparable companies
Peers
Business-comparable peers in Industrials — 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
BVCL
Small
Barak Valley Cements Limited
Cement
match 165
20
45.2
0.2%
-2948%
OVERVALUED
REGENCERAM
Small
Regency Ceramics Limited
Cement
match 164
17
—
—
—
OVERVALUED
APCL
Small
Anjani Portland Cement Limited
Cement
match 162
16
—
-10.1%
—
OVERVALUED
ACL
Small
Andhra Cements Limited
Cement
match 157
13
—
-64.0%
—
OVERVALUED
MANGLMCEM
Small
Mangalam Cement Limited
Cement
match 153
41
21.0
16.3%
+28%
WATCHLIST
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
Niraj Cement Structurals Limited operates in Cement, within the Industrials 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
61Limited 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 32nd percentile of the scored universe and 28th percentile within Industrials. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Industrials: 28th pctile, median 68 · Small: 36th pctile, median 66
Evidence depth
Financial-only
6 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
66
acceptable · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
72
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-98 Cr.
- ▸Promoter holding is only 24.9%.
- ▸1 of the latest 4 quarters 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 Niraj Cement Structurals Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.