Synopsis: Niraj Cement Structurals Restricted obtained a ₹19.57-crore MCGM order to reconstruct approaches at Sion Railway Station ROB, to be accomplished in 18 months.
This Penny Infra Inventory, engaged within the building of highways, expressways, turnkey roads, bridges, tunnels, and supplies complete infrastructure and civil engineering options throughout India, hits 10 % higher circuit after receiving a piece order price Rs. 19.57 crores from Municipal Company of Higher Mumbai.
With a market capitalization of Rs. 215.38 crores, the shares of Niraj Cement Structurals Restricted hit a ten % higher circuit of Rs. 36.68 per share on Wednesday, up from its earlier closing worth of Rs. 33.35 per share. Since then, the inventory has retreated and is presently buying and selling at Rs. 36.08 per fairness share.
What’s the Information?
Niraj Cement Structurals Restricted has obtained a brand new work order price Rs. 19.57 crores, together with GST, from the Municipal Company of Higher Mumbai (MCGM). The challenge includes the reconstruction of the approaches on the Sion Railway Station Street Over-Bridge situated at km 12.995. This can be a home contract awarded as a part of MCGM’s infrastructure improvement efforts.
The contract is to be executed inside a interval of 18 months. This order strengthens Niraj Cement Structurals Restricted’s ongoing presence in public infrastructure initiatives and provides important worth to its challenge portfolio.
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Firm Overview:
Niraj Cement Structurals Restricted was based in 1972 by the Late Shri Vijay Kumar Chopra in Mumbai. Initially, it started as a small dealership for cement and constructing supplies however developed into one in every of India’s outstanding infrastructure and specialty civil building corporations.
The corporate is primarily engaged in specialty engineering, building, and infrastructure improvement. It supplies end-to-end building options, together with highways, bridges, expressways, flyovers, tunnels, and turnkey street initiatives.
Moreover, Niraj Cement Structurals Restricted works on water provide and drainage programs, irrigation, and land stormwater drainage infrastructure, addressing complete civil engineering wants for presidency and municipal shoppers.
Niraj Cement Constructions serves primarily authorities businesses such because the Nationwide Highways Authority of India (NHAI) and numerous Public Works Departments. The corporate has accomplished quite a few initiatives round Mumbai, Kolkata, and different areas, together with city infrastructure and metro-related initiatives.
Current quarter outcomes:
Coming into monetary highlights, Niraj Cement Structurals Restricted’s income has elevated from Rs. 138.02 crore in Q2FY25 to Rs. 171.62 crore in Q2 FY26, which has grown by 24.34 %. The online revenue has additionally grown by 126.67 % from Rs. 4.05 crore in Q2 FY25 to Rs. 9.18 crore in Q2 FY26.
Niraj Cement Structurals Restricted’s income and internet revenue have grown at a CAGR of 30.46 % and 96.8 %, respectively, during the last 4 years.
By way of return ratios, the corporate’s ROCE and ROE stand at 10.6 % and seven.96 %, respectively. Niraj Cement Structurals Restricted has an earnings per share (EPS) of Rs. 3.60, and it’s an virtually debt-free inventory
Written By – Nikhil Naik
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