Niraj Cement Structurals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Niraj Cement Structurals Limited reported standalone revenue of Rs 54,044 Lakhs for FY26, up 6.7% from Rs 50,672 Lakhs in FY25. Net profit grew significantly by 41.9% to Rs 2,160 Lakhs from Rs 1,522 Lakhs. Consolidated net profit stood at Rs 2,114 Lakhs. The auditor issued an unmodified opinion but drew attention to multiple emphasis of matter items including an ongoing DGGI search and seizure case from January 2021 with Rs 108.40 Lakhs deposited under protest, unsettled disputed receivables/payables, and pending reconciliation of trade balances. Short-term borrowings surged from Rs 58 Lakhs to Rs 6,804 Lakhs year-on-year. The company also booked JV entity revenues in its own books.
Positive PAT growth of ~42% is encouraging, but the massive jump in short-term borrowings and negative operating cash flow of Rs 8,565 Lakhs raise liquidity concerns. The unresolved DGGI GST case and unsettled disputed transactions add regulatory and financial uncertainty for investors.