Synopsis: Niraj Cement Structurals Limited received a ₹19.57-crore MCGM order to reconstruct approaches at Sion Railway Station ROB, to be completed in 18 months.
This Penny Infra Stock, engaged in the construction of highways, expressways, turnkey roads, bridges, tunnels, and provides comprehensive infrastructure and civil engineering solutions across India, hits 10 percent upper circuit after receiving a work order worth Rs. 19.57 crores from Municipal Corporation of Greater Mumbai.
With a market capitalization of Rs. 215.38 crores, the shares of Niraj Cement Structurals Limited hit a 10 percent upper circuit of Rs. 36.68 per share on Wednesday, up from its previous closing price of Rs. 33.35 per share. Since then, the stock has retreated and is currently trading at Rs. 36.08 per equity share.
What is the News?
Niraj Cement Structurals Limited has received a new work order worth Rs. 19.57 crores, including GST, from the Municipal Corporation of Greater Mumbai (MCGM). The project involves the reconstruction of the approaches at the Sion Railway Station Road Over-Bridge located at km 12.995. This is a domestic contract awarded as part of MCGM’s infrastructure development efforts.
The contract is to be executed within a period of 18 months. This order strengthens Niraj Cement Structurals Limited’s ongoing presence in public infrastructure projects and adds significant value to its project portfolio.
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Company Overview:
Niraj Cement Structurals Limited was founded in 1972 by the Late Shri Vijay Kumar Chopra in Mumbai. Initially, it began as a small dealership for cement and building materials but evolved into one of India’s prominent infrastructure and specialty civil construction companies.
The company is primarily engaged in specialty engineering, construction, and infrastructure development. It provides end-to-end construction solutions, including highways, bridges, expressways, flyovers, tunnels, and turnkey road projects.
Additionally, Niraj Cement Structurals Limited works on water supply and drainage systems, irrigation, and land stormwater drainage infrastructure, addressing comprehensive civil engineering needs for government and municipal clients.
Niraj Cement Structures serves mainly government agencies such as the National Highways Authority of India (NHAI) and various Public Works Departments. The company has completed numerous projects around Mumbai, Kolkata, and other regions, including urban infrastructure and metro-related projects.
Recent quarter results:
Coming into financial highlights, Niraj Cement Structurals Limited’s revenue has increased from Rs. 138.02 crore in Q2FY25 to Rs. 171.62 crore in Q2 FY26, which has grown by 24.34 percent. The net profit has also grown by 126.67 percent from Rs. 4.05 crore in Q2 FY25 to Rs. 9.18 crore in Q2 FY26.
Niraj Cement Structurals Limited’s revenue and net profit have grown at a CAGR of 30.46 percent and 96.8 percent, respectively, over the last four years.
In terms of return ratios, the company’s ROCE and ROE stand at 10.6 percent and 7.96 percent, respectively. Niraj Cement Structurals Limited has an earnings per share (EPS) of Rs. 3.60, and it’s an almost debt-free stock
Written By – Nikhil Naik
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