BSE: 531900
CCL INTERNATIONAL LTD.
Operates a single infrastructure and civil construction segment, which generated the entire FY26 segment revenue of Rs 53.79 crore; a separately disclosed trading segment exists but is currently inactive. Revenue is heavily back-end loaded within the financial year, with quarterly segment revenue of Rs 9.60 crore in Q1 FY26, Rs 5.22 crore in Q2, Rs 3.83 crore in Q3 and Rs 35.68 crore in Q4 FY26 — a pattern consistent with project-completion billing at year-end. The cost structure is dominated by materials at 86.2% of revenue, with employees at 2.1%, other opex at 7.4% and depreciation at 5.2%, indicating a business that converts purchased inputs into billable project work. The company is small, with total assets of Rs 72.07 crore and net profit of Rs 0.95 crore in FY26. It is classified under civil construction, is listed on BSE, and is headquartered in Ghaziabad with a Managing Director Akash Gupta and Company Secretary Pradeep Kumar. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Infrastructure Segment (100%), Trading Segment. Cyclical, project-based civil construction with extreme Q4 revenue concentration
Exhibit 1: Financial summary, FY19–FY19 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 |
|---|---|
| Revenue | 37 |
| EBITDA (ex other income) | 5 |
| margin % | 13.0 |
| Owners' profit | 2 |
| EPS, as reported (₹) | 1.07 |
| ROE % · ROCE % | 4.8 · 7.9 |
| Debt / equity (x) | 0.39 |
| Cash from operations | — |
| Capex | — |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY19 | Q1 FY20 | Q2 FY20 |
|---|---|---|---|
| Revenue | 0 | 6 | 4 |
| Profit before tax | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 |
| EPS (₹) | 0.00 | 0.05 | 0.02 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,22,964 | 31.5 | 4.07 | 19.0 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 38,385 | 42.7 | 3.91 | 27.6 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 22,786 | 20.1 | 2.95 | 10.3 | 13.3 | 15.0 | 16.0 | 10.0 |
| CEMINDIA PROJECTS LIMITED | 21,114 | 35.1 | 8.80 | 17.9 | 24.9 | 31.7 | 29.8 | 10.5 |
| IRB INFRA DEV LTD. | 19,421 | 14.9 | 0.93 | 9.4 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 18,857 | 25.5 | 5.86 | 15.3 | 23.1 | 29.7 | 13.5 | 9.6 |
| ENGINEERS INDIA LTD | 14,470 | 18.5 | 4.60 | 16.1 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 9,873 | 22.9 | 2.38 | 16.2 | 11.4 | 12.4 | 29.6 | 20.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 343.3 | 13.5 | 99 of 101 | 2% |
| P/B | 1.0 | 1.3 | 33 of 85 | 61% |
| ROCE | 0.3 | 10.0 | 97 of 107 | 9% |
| ROE | 0.3 | 9.1 | 77 of 87 | 12% |
| Debt / Equity | 0.5 | 0.4 | 53 of 87 | 40% |
| EBITDA margin | 25.4 | 12.4 | 11 of 88 | 89% |
| Market cap | 42 | 456 | 89 of 107 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Routine compliance filing for Q2 FY27 share dematerialization certificate | compliance | minimal | — | — |
| 1 Oct 2026 · CCL International 35th AGM: All 5 Resolutions Passed with 100% in Favour | board shareholder meetings | low | — | — |
| 30 Sept 2026 · CCL International 35th AGM: Results, Director Re-appointment and RPTs Approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 till 48 hours after Q2 results | compliance | minimal | — | — |
| 6 Sept 2026 · Newspaper notice of 35th AGM via video conferencing on September 30, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · CCL International files FY26 Annual Report and 35th AGM notice | results | high | — | — |
| 5 Sept 2026 · Remote e voting dates announced for 35th AGM | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Notice of 35th AGM on 30 Sept 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · CCL International: 35th AGM notice published in newspapers | compliance | minimal | — | — |
| 31 Aug 2026 · Book closure for 35th AGM on September 30, 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.