Niraj Cement Key Ratios
NSE: NIRAJ | BSE: 532986
₹29.35
As on 28-Aug-2026IST
Market cap
₹176 Cr
Revenue (TTM)
₹552 Cr
P/E Ratio
7.4
P/B Ratio
0.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -22.53 | 10.44 | 6.08 | -4.11 | 20.70 |
| EBIT | -67.29 | 170.82 | 52.70 | 44.92 | 102.01 |
| Net Profit | -22.37 | 270.50 | 58.59 | 53.57 | 66.28 |
| EPS | -22.38 | 270.56 | 34.07 | 55.21 | 54.19 |
| Book Value | -- | -- | 7.30 | -2.43 | -13.28 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 2.35 | -- | 3.46 | 2.67 | 3.01 |
| Net Margin
| 1.92 | -- | 4.15 | 2.93 | 2.03 |
| Return on equity
| 5.40 | -- | 9.10 | 7.62 | 5.91 |
| Return on Capital
| 7.17 | -- | -- | 10.11 | 7.48 |
| Return on Assets
| 3.22 | -- | 5.57 | 4.71 | 3.41 |
| Debt to Equity (x)
| -- | -- | 0.02 | 0.01 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
10.11
|
7.48
|
3.69
|
1.67
|
|
Peer Median
|
--
|
16.07
|
15.05
|
5.34
|
--
|
ROE
9.10
Lower than Peers by 1.72
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
9.10
|
7.62
|
5.91
|
2.45
|
1.39
|
|
Peer Median
|
10.82
|
18.11
|
16.64
|
--
|
--
|
ROA
5.57
Higher than Peers by 0.66
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
5.57
|
4.71
|
3.41
|
1.38
|
0.82
|
|
Peer Median
|
4.90
|
6.44
|
3.98
|
-5.36
|
--
|
EBIT Margin
3.46
Lower than Peers by 6.99
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
3.46
|
2.67
|
3.01
|
1.30
|
1.02
|
|
Peer Median
|
10.45
|
27.65
|
30.44
|
12.53
|
--
|
Net Margin
4.15
Higher than Peers by 0.16
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
4.15
|
2.93
|
2.03
|
0.71
|
0.67
|
|
Peer Median
|
4.00
|
4.84
|
4.58
|
-22.50
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
3.41
|
2.42
|
0.94
|
1.08
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.28
Lower than Peers by 0.17
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
6.28
|
7.71
|
-22.32
|
70.06
|
103.95
|
|
Peer Median
|
6.45
|
54.23
|
33.92
|
15.78
|
--
|
EBIT Growth
51.80
Higher than Peers by 18.43
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
51.80
|
-4.41
|
80.39
|
116.93
|
762.90
|
|
Peer Median
|
33.37
|
59.48
|
199.63
|
-7.79
|
--
|
Net Profit Growth
58.59
Higher than Peers by 7.70
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
58.59
|
55.12
|
124.73
|
78.10
|
83.57
|
|
Peer Median
|
50.89
|
110.09
|
137.17
|
-3.25
|
--
|
EPS Growth
34.07
Lower than Peers by 7.63
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
34.07
|
4.73
|
125.35
|
72.93
|
68.29
|
|
Peer Median
|
41.70
|
132.77
|
--
|
17.39
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
59.53
|
-13.64
|
0.06
|
1.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.02
Higher than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
0.02
|
0.01
|
0.00
|
0.15
|
0.08
|
|
Peer Median
|
0.01
|
0.58
|
0.50
|
0.38
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
--
|
0.00
|
0.15
|
0.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.02
Higher than Peers by 0.44
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
2.02
|
2.22
|
1.92
|
1.90
|
2.04
|
|
Peer Median
|
1.58
|
1.58
|
1.28
|
0.85
|
--
|
Quick Ratio
1.99
Higher than Peers by 0.58
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
1.99
|
2.17
|
1.86
|
1.88
|
2.00
|
|
Peer Median
|
1.41
|
2.07
|
2.29
|
0.90
|
--
|
Interest Coverage
6.74
Higher than Peers by 0.63
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
6.74
|
251.68
|
49.47
|
15.18
|
24.20
|
|
Peer Median
|
6.11
|
4.60
|
4.67
|
0.40
|
--
|
Operating Efficiency
Debtors to sales
13.15
Higher than Peers by 0.62
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
13.15
|
13.60
|
12.14
|
16.84
|
21.76
|
|
Peer Median
|
12.53
|
13.59
|
18.71
|
11.97
|
--
|
Asset Turnover
1.30
Higher than Peers by 0.87
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
1.30
|
1.58
|
1.65
|
1.93
|
1.21
|
|
Peer Median
|
0.42
|
1.64
|
1.68
|
0.12
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
45.40
|
61.72
|
54.08
|
73.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
4.75
|
3.49
|
2.48
|
6.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
-2,886.90
|
--
|
1,336.32
|
2,931.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
2,937.05
|
65.21
|
-1,279.77
|
-2,851.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
7.42
Lower than Peers by 1.23
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
7.42
|
21.31
|
15.27
|
23.90
|
47.87
|
|
Peer Median
|
8.66
|
16.00
|
51.38
|
--
|
--
|
Price / Book Value
0.65
Higher than Peers by 0.02
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
0.65
|
1.33
|
0.98
|
0.59
|
0.68
|
|
Peer Median
|
0.63
|
1.35
|
2.39
|
0.58
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
5.47
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
5.47
|
12.55
|
5.37
|
8.01
|
10.47
|
|
Peer Median
|
--
|
16.21
|
15.96
|
15.42
|
--
|
Market Cap
176
Higher than Peers by 5
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Niraj Cement
|
176
|
323
|
149
|
103
|
120
|
|
Peer Median
|
171
|
328
|
495
|
294
|
--
|