Ceigall India (CEIGALL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ceigall India stock ₹237, price ₹388, that is 38.9% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
27‑month range ₹226.39 – ₹400.42 · fair‑value band ₹110.26 – ₹455.31 · the ₹387.75 price screens above the ₹237.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Ceigall India Limited operates as an infrastructure construction company in India.
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The company engages in the engineering, procurement, and construction of specialized structural works, including elevated roads, flyovers, bridges, railway overbridges and metro projects, tunnels, highways, expressways, and runways.
It also undertakes hybrid annuity model (HAM) projects; and operation and maintenance projects for maintaining lightning, electrical systems, and barriers, as well as road maintenance and incident management. Ceigall India Limited was incorporated in 2002 and is headquartered in Gurugram, India.
Stock analysis
Ceigall India (CEIGALL) currently trades at ₹387.75, while our model-based Fair Value estimate is ₹237.08, 39% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹659.05 per share, and 6 of the 17 models we run sit above the ₹387.75 price.
Bear case: the Economic Profit group reads lowest at ₹164.64, and 11 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹110.26 (bear) to ₹455.31 (bull), the price of ₹387.75 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ceigall India reported revenue of ₹40.2B in FY2026 versus ₹11.2B in FY2022, a compound +37.7%/yr. Reported net income was ₹3.1B in FY2026, compounding +25.5%/yr from FY2022.
Key figures
Market cap ₹67.5B (≈ $719M) Small · P/E ratio 20.9 · P/S ratio 1.63 · EPS (TTM) ₹18.59 · Dividend yield 0.1% · Net margin 7.7% · Return on equity 15.5% · Return on assets (EBIT) 13.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 71% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −39%, CEIGALL screens richer than that median.
Fair Value models
Bear₹110.26Fair Value ₹237.08Bull₹455.31
Price ₹387.75 · Downside -38.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹11.46 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.9%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.9%
Dividend (yield on the price)0.1%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 13%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 823 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−38.9% · Below median
Profitability
Return on equity (12 months)15.5% · Top 25%
Return on assets5.7% · Top 25%
Net margin (12 months)7.7% · Top 25%
Operating margin (12 months)13.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.7% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)20.9× · Pricier than median
P/B3.16× · Priciest 25%
P/S (12 months)1.63× · Pricier than median
EV/EBITDA11.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)79· sector 20
PAST (return on equity)62· sector 25
HEALTH (low debt)81· sector 94
DIVIDEND (yield)3· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ceigall India Fair Value". https://www.fairvalue-calculator.com/stock/CEIGALL
Frequently asked questions
Is Ceigall India (CEIGALL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹237.08 versus a price of ₹387.75, about 39% lower (overvalued).
What is the fair value of CEIGALL?
Our model-based fair value for Ceigall India is ₹237.08 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹387.75.
What is the quality score of CEIGALL?
Ceigall India has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ceigall India (CEIGALL)?
Our model-based price target is the fair value of ₹237.08 (as of Nov 6, 2026) from 17 valuation models. Cautious scenario ₹110.26, optimistic scenario ₹455.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Ceigall India stock forecast for 2026?
Our models put fair value at ₹237.08, about 39% lower versus a price of ₹387.75 (overvalued). Cautious scenario ₹110.26, optimistic scenario ₹455.31. The calculation is refreshed regularly with new filings.
What is the revenue of Ceigall India (CEIGALL)?
Ceigall India reported trailing-twelve-month revenue of about ₹41.5B (latest available figure, as of Nov 6, 2026).
Does Ceigall India pay a dividend?
Ceigall India currently shows a dividend yield of 0.13% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Ceigall India (CEIGALL)?
Ceigall India has a dividend yield of 0.1%.
What is the intrinsic value of Ceigall India (CEIGALL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ceigall India it is ₹237.08 per share (as of Nov 6, 2026), against a price of ₹387.75. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ceigall India stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CEIGALL trades above its calculated fair value: price ₹387.75, fair value ₹237.08, a gap of about −39% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CEIGALL?
No. The price is what the market pays today (₹387.75); the fair value is what the company's own numbers justify (₹237.08). For Ceigall India the two are ₹150.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ceigall India worth?
The market values Ceigall India at about ₹67.5B (market capitalisation, as of Nov 6, 2026). Per share that is ₹387.75; our models calculate a fair value of ₹237.08 per share.
What do the bullish and bearish scenarios say about CEIGALL?
Our models span a range for Ceigall India: cautious scenario ₹110.26, base ₹237.08, optimistic ₹455.31 per share (as of Nov 6, 2026, price ₹387.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CEIGALL?
Ceigall India trades at a price-to-earnings ratio of 20.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹237.08 is built from several models across several years. Other multiples: P/B 3.2, P/S 1.6, EV/EBITDA 11.6.
How solid is the balance sheet of Ceigall India (CEIGALL)?
Balance-sheet figures for Ceigall India (as of Nov 6, 2026): return on equity 15.5%, debt of 0.38 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is CEIGALL from its 52-week high?
Ceigall India trades at ₹387.75, about 3% below its 52-week high of ₹399.45 and 71% above the low of ₹226.39 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹237.08 is for.
Which stocks are comparable to Ceigall India?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ceigall India stock attractive at the current price?
The data as of Nov 6, 2026: price ₹387.75, calculated fair value ₹237.08 (−39%), Quality Score 42/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CEIGALL calculated?
We run Ceigall India through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹237.08 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Ceigall India itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ceigall India (CEIGALL)?
The closing price on Nov 9, 2026 was ₹387.75. Our model-based fair value is ₹237.08, about 39% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ceigall India right now?
Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (₹110.26 to ₹455.31). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Ceigall India
How large is the market capitalisation of Ceigall India (CEIGALL)?
The market capitalisation of Ceigall India is ₹67.5B (≈ $719M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ceigall India (CEIGALL)?
The price-to-sales ratio of Ceigall India is 1.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ceigall India (CEIGALL)?
Earnings per share at Ceigall India are ₹18.59 (price ÷ EPS = P/E 20.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ceigall India (CEIGALL)?
The dividend yield of Ceigall India is 0.1% (payout 2.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ceigall India (CEIGALL)?
The net margin of Ceigall India is 7.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ceigall India (CEIGALL)?
The return on equity (ROE) of Ceigall India is 15.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ceigall India (CEIGALL)?
On an EBIT basis the return on assets of Ceigall India is 13.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ceigall India (CEIGALL)?
The operating margin of Ceigall India is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ceigall India (CEIGALL)?
Revenue at Ceigall India is growing +15.7% versus a year earlier (3y avg +25.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ceigall India (CEIGALL)?
Earnings per share at Ceigall India are growing +24.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ceigall India (CEIGALL) generate?
The free cash flow of Ceigall India is −₹3.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ceigall India (CEIGALL) carry?
The net debt of Ceigall India is ₹9.3B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026