Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026.
NIRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Niraj Cement Structurals reported standalone revenue of Rs 540.44 crore for FY26, up 6.7% from Rs 506.72 crore in FY25. Net profit grew 41.9% to Rs 21.60 crore from Rs 15.22 crore, driven by higher other income (Rs 14.80 crore vs Rs 6.55 crore) and lower construction costs as a percentage of revenue. EBITDA margin expanded from 4.4% to 6.2%. The company reported exceptional items of Rs 20.59 crore (vs negative Rs 0.37 crore last year). Short-term borrowings increased sharply from Rs 58 lakh to Rs 6,804 lakh, indicating significant working capital reliance. Operating cash flow turned negative at Rs 8,565 lakh due to increases in short-term loans and advances. Auditors issued unmodified opinions with emphasis of matter on DGGI GST proceedings (search in 2021, Rs 1.08 crore deposited under protest) and disputed contract balances.
Strong profit growth and margin expansion are positives, but the sharp rise in short-term debt and negative operating cash flow raise concerns about liquidity. The ongoing DGGI litigation and disputed contracts create contingent liability risk that investors should monitor.