Niraj Cement Structurals Limited
Niraj Cement Structurals Limited executes various civil construction and infrastructure projects in India. The company also engages in construction of highways, expressways, turnkey projects roads, bridges, tunnels, etc. In addition, the company constructs water supply and drainage, irrigation, land storm water drainage, and other infrastructural works. Niraj Cement Structurals Limited was founde… Read more
Niraj Cement Structurals Limited (NIRAJ) - Net Assets
Latest net assets as of September 2025: ₹2.55 Billion INR
Based on the latest financial reports, Niraj Cement Structurals Limited (NIRAJ) has net assets worth ₹2.55 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹3.90 Billion) and total liabilities (₹1.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.55 Billion |
| % of Total Assets | 65.32% |
| Annual Growth Rate | 16.17% |
| 5-Year Change | 36.79% |
| 10-Year Change | 75.63% |
| Growth Volatility | 41.25 |
Niraj Cement Structurals Limited - Net Assets Trend (2005–2025)
This chart illustrates how Niraj Cement Structurals Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Niraj Cement Structurals Limited (2005–2025)
The table below shows the annual net assets of Niraj Cement Structurals Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹2.42 Billion | +58.68% |
| 2024-03-31 | ₹1.52 Billion | -13.63% |
| 2023-03-31 | ₹1.77 Billion | -1.58% |
| 2022-03-31 | ₹1.79 Billion | +1.41% |
| 2021-03-31 | ₹1.77 Billion | +0.85% |
| 2020-03-31 | ₹1.75 Billion | +12.11% |
| 2019-03-31 | ₹1.56 Billion | +1.30% |
| 2018-03-31 | ₹1.54 Billion | +0.72% |
| 2017-03-31 | ₹1.53 Billion | +11.31% |
| 2016-03-31 | ₹1.38 Billion | +0.48% |
| 2015-03-31 | ₹1.37 Billion | +0.70% |
| 2014-03-31 | ₹1.36 Billion | -3.83% |
| 2013-03-31 | ₹1.42 Billion | -3.85% |
| 2012-03-31 | ₹1.47 Billion | +5.62% |
| 2011-03-31 | ₹1.39 Billion | +10.65% |
| 2010-03-31 | ₹1.26 Billion | +6.12% |
| 2009-03-31 | ₹1.19 Billion | +134.11% |
| 2008-03-31 | ₹507.09 Million | +14.77% |
| 2007-03-31 | ₹441.83 Million | +57.78% |
| 2006-03-31 | ₹280.03 Million | +131.99% |
| 2005-03-31 | ₹120.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Niraj Cement Structurals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 48200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹597.14 Million | 24.68% |
| Other Comprehensive Income | ₹1.82 Billion | 75.32% |
| Other Components | ₹482.00K | 0.02% |
| Total Equity | ₹2.42 Billion | 100.00% |
Niraj Cement Structurals Limited Competitors by Market Cap
The table below lists competitors of Niraj Cement Structurals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kedoya Adyaraya Tbk PT
JK:RSGK
|
$3.08 Million |
|
Shin Tai Industry Co Ltd
TW:1235
|
$3.08 Million |
|
Kerur Holdings Ltd
TA:KRUR
|
$3.09 Million |
|
Mandarin Hotel Public Company Limited
BK:MANRIN
|
$3.09 Million |
|
Casa Minerals Inc
PINK:CASXF
|
$3.08 Million |
|
Siti Networks Limited
NSE:SITINET
|
$3.08 Million |
|
Miraculum SA
WAR:MIR
|
$3.08 Million |
|
Recharge Resources Ltd.
PINK:RECHF
|
$3.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Niraj Cement Structurals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,524,745,000 to 2,419,512,000, a change of 894,767,000 (58.7%).
- Net income of 150,816,000 contributed positively to equity growth.
- New share issuances of 1,035,569,000 increased equity.
- Other comprehensive income increased equity by 1,699,422,000.
- Other factors decreased equity by 1,991,040,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹150.82 Million | +6.23% |
| Share Issuances | ₹1.04 Billion | +42.8% |
| Other Comprehensive Income | ₹1.70 Billion | +70.24% |
| Other Changes | ₹-1.99 Billion | -82.29% |
| Total Change | ₹- | 58.68% |
Book Value vs Market Value Analysis
This analysis compares Niraj Cement Structurals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.55x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.33x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹80.90 | ₹26.45 | x |
| 2006-03-31 | ₹59.48 | ₹26.45 | x |
| 2007-03-31 | ₹64.96 | ₹26.45 | x |
| 2008-03-31 | ₹71.47 | ₹26.45 | x |
| 2009-03-31 | ₹114.78 | ₹26.45 | x |
| 2010-03-31 | ₹121.80 | ₹26.45 | x |
| 2011-03-31 | ₹129.16 | ₹26.45 | x |
| 2012-03-31 | ₹136.42 | ₹26.45 | x |
| 2013-03-31 | ₹131.17 | ₹26.45 | x |
| 2014-03-31 | ₹126.15 | ₹26.45 | x |
| 2015-03-31 | ₹127.03 | ₹26.45 | x |
| 2016-03-31 | ₹127.64 | ₹26.45 | x |
| 2017-03-31 | ₹129.75 | ₹26.45 | x |
| 2018-03-31 | ₹80.11 | ₹26.45 | x |
| 2019-03-31 | ₹87.00 | ₹26.45 | x |
| 2020-03-31 | ₹94.01 | ₹26.45 | x |
| 2021-03-31 | ₹44.05 | ₹26.45 | x |
| 2022-03-31 | ₹44.67 | ₹26.45 | x |
| 2023-03-31 | ₹43.96 | ₹26.45 | x |
| 2024-03-31 | ₹40.30 | ₹26.45 | x |
| 2025-03-31 | ₹47.97 | ₹26.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Niraj Cement Structurals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.59x
- Recent ROE (6.23%) is above the historical average (5.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.26% | 5.10% | 0.54x | 4.83x | ₹3.94 Million |
| 2006 | 27.84% | 11.13% | 0.92x | 2.71x | ₹49.95 Million |
| 2007 | 14.43% | 8.05% | 0.83x | 2.15x | ₹19.57 Million |
| 2008 | 13.42% | 7.38% | 0.59x | 3.07x | ₹17.34 Million |
| 2009 | 6.08% | 5.15% | 0.66x | 1.78x | ₹-46.52 Million |
| 2010 | 5.76% | 3.93% | 0.77x | 1.90x | ₹-53.36 Million |
| 2011 | 7.59% | 3.43% | 1.06x | 2.09x | ₹-33.55 Million |
| 2012 | 5.32% | 2.52% | 1.12x | 1.89x | ₹-68.84 Million |
| 2013 | -4.00% | -5.09% | 0.42x | 1.88x | ₹-198.24 Million |
| 2014 | -3.98% | -11.41% | 0.17x | 2.01x | ₹-190.36 Million |
| 2015 | 0.69% | 1.13% | 0.30x | 2.02x | ₹-127.59 Million |
| 2016 | 0.48% | 0.62% | 0.37x | 2.10x | ₹-131.16 Million |
| 2017 | 0.51% | 0.72% | 0.31x | 2.30x | ₹-145.59 Million |
| 2018 | 0.68% | 0.98% | 0.41x | 1.71x | ₹-143.93 Million |
| 2019 | 0.79% | 1.14% | 0.50x | 1.39x | ₹-144.03 Million |
| 2020 | 0.90% | 1.33% | 0.52x | 1.31x | ₹-159.64 Million |
| 2021 | 0.75% | 0.76% | 0.63x | 1.57x | ₹-163.64 Million |
| 2022 | 1.35% | 0.68% | 1.14x | 1.74x | ₹-155.09 Million |
| 2023 | 2.45% | 0.71% | 1.92x | 1.79x | ₹-133.27 Million |
| 2024 | 6.38% | 2.06% | 2.09x | 1.48x | ₹-55.25 Million |
| 2025 | 6.23% | 2.97% | 1.32x | 1.59x | ₹-91.14 Million |
Industry Comparison
This section compares Niraj Cement Structurals Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Niraj Cement Structurals Limited (NIRAJ) | ₹2.55 Billion | 13.26% | 0.53x | $3.08 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |