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Niraj Cement Structurals Limited (NIRAJ) Fair Value & Analysis

Industrials · IN · Market cap ₹1.8B

NC Niraj Cement Structurals Limited NIRAJ · NSE
Price₹30.27
Fair Value₹48.80
Upside+61.2%
Quality34/100
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Evidence: High Range ₹36.10 – ₹63.45

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price +3.2% over the past month.

Price vs Fair Value (12 months)

₹53.97 ₹20.97 Fair Value ₹48.80 Jul 2025 Jul 2026

12‑month range ₹20.97 – ₹53.97 · fair‑value band ₹36.10 – ₹63.45 · the ₹30.27 price screens below the ₹48.80 fair value. As of Jul 3, 2026.

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Analysis

Niraj Cement Structurals Limited (NIRAJ) currently trades at ₹30.27, while our model-based Fair Value estimate is ₹48.80 — implying the stock looks roughly 61.2% undervalued today. We read business quality at 34/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Niraj Cement Structurals Limited generated revenue of ₹5.4B at a net margin of 3.9%. Revenue declined 18.5% year over year. It earns a return on equity of 8.3%. Net debt stands at ₹389M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.4B
Revenue growth (YoY) -18.5%
Net margin 3.9%
Return on equity 8.3%
Free cash flow −₹916M FY2026
P/E ratio 8.6
More key figures
Operating margin 7.4%
EPS (TTM) ₹3.54
EPS growth (YoY) -27.0%
Net debt ₹389M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Niraj Cement Structurals Limited executes various civil construction and infrastructure projects in India. The company also engages in construction of highways, expressways, turnkey projects roads, bridges, tunnels, etc. In addition, the company constructs water supply and drainage, irrigation, land storm water drainage, and other infrastructural works. Niraj Cement Structurals Limited was founded in 1972 and is headquartered in Mumbai, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Niraj Cement Structurals Limited reported revenue of ₹5.4B in FY2026 versus ₹3.6B in FY2022, a compound +11.0%/yr. Reported net income was ₹211M in FY2026, compounding +71.8%/yr from FY2022.

Revenue +11.0%/yr
FY22 ₹3.6B
FY23 ₹6.1B
FY24 ₹4.7B
FY25 ₹5.1B
FY26 ₹5.4B
Net income +71.8%/yr
FY22 ₹24.3M
FY23 ₹43.3M
FY24 ₹97.2M
FY25 ₹151M
FY26 ₹211M

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Frequently asked questions

Is Niraj Cement Structurals Limited (NIRAJ) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹48.80 versus a price of ₹30.27 — about +61% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NIRAJ?
Our model-based fair value for Niraj Cement Structurals Limited is ₹48.80 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹30.27.
What is the quality score of NIRAJ?
Niraj Cement Structurals Limited has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Niraj Cement Structurals Limited (NIRAJ)?
Niraj Cement Structurals Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of NIRAJ?
The net profit margin of Niraj Cement Structurals Limited is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.