Cemindia Projects Limited

Cemindia Projects Limited

CEMPRONSE / BSEIndustrialsSmall Cap

₹1,262.80-₹25.50 (-2.0%)

Last close · Data as of Oct 30, 2026

Market cap
₹11,749 Cr
P/E
26.4x
Revenue
₹8,974 Cr

+49.3% over the last year

Cemindia Projects Limited price, 1Y

Daily closes.

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Performance

Price change over each period, before dividends.

1M
+5.9%
3M
-7.2%
6M
+55.0%
1Y
+49.3%
5Y
+63.3%

52-week range

Day change -₹25.50 (-2.0%) from ₹1,288 to ₹1,263 · Last close Oct 30, 2026

AI Summary

Indian Stock

Strengths1

  • Revenue grew 19.0% YoY

Concerns1

  • Negative free cash flow (₹20 Cr)

Rule-based from financial data. Not advice.

About the company

Cemindia Projects Limited provides construction and civil engineering contracting services in India.

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Cemindia Projects Limited provides construction and civil engineering contracting services in India. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on concrete and steel piles, solid gravity type wharf structures, ship lifts, dry docks, wet basins, and inclined berths; mass rapid transport systems (MRTs); airports; highways, bridges, and flyovers; foundations and specialized engineering works comprising geotechnical investigations, piling, diaphragm walling, slope stabilization, sandwicks/band drains, vibrofloatation stone columns, drilling and grouting, rock/soil anchors repairs, colcrete, gunite/shotcrete, grouted mattress, box pushing, tube heading, microtunneling, and rehabilitation and underpinning services; and dams and tunnels, TBM, M-TBM, NATM Tunnels, Box Pushing Tunnels. It also offers breakwater and piled approach trestles, steel piles and bored casts, undersea ground improvement, dredging and land reclamation, and coastal erosion protection and rock bund services, as well as foundation and specialist engineering services. In addition, the company engages in the civil works for refinery, petrochemical, power, steel, and fertilizer plants; design, construction, supply, installation, and commissioning of pipelines; operation of water and wastewater treatment plants, and pumping stations; and develops data center to cater to deliver cutting-edge, integrated solutions tailored to critical sectors. It serves the state and central government departments, ministries, local municipal bodies, and private clients. The company was formerly known as ITD Cementation India Limited and changed its name to Cemindia Projects Limited in August 2025. Cemindia Projects Limited was founded in 1931 and is based in Mumbai, India. As of August 8, 2025, Cemindia Projects Limited operates as a subsidiary of Renew Exim DMCC.

Sector
Industrials
Shares outstanding
17.2 Cr shares
ISIN
INE686A01026
BSE code
509496

Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.

Valuation

Market cap
₹11,749 Cr
P/E
26.4x
P/B
5.8x
Earnings yield
3.8%
52-week high
₹1,639.70
52-week low
₹510.20

Growth

Revenue
₹8,974 Cr
Revenue growth, 1Y
19.0%
Net profit growth, 1Y
36.1%
Cash from operations
₹692 Cr
CFO growth, 1Y
38.1%
Free cash flow
₹193 Cr
Asset growth, 1Y
19.3%

Solvency and efficiency

Current ratio
1.38
Debt / Equity
0.60
Debt / Assets
0.15
Financial leverage
3.90
Cash / Market cap
39.3%
Cash per share
₹269.13
Debtor days
57 days
Inventory turnover
4.24
Cash conversion cycle
-33 days

Where the revenue went

Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.

Cemindia Projects Limited income statement flow, FY2025
Cemindia Projects Limited income statement flow, FY2025: flows
FromToAmount
SalesExpenses₹8,109 Cr
SalesOperating profit₹865 Cr
Operating profitInterest₹228 Cr
Operating profitDepreciation₹189 Cr
Operating profitProfit before tax₹448 Cr
Other incomeProfit before tax₹48 Cr
Profit before taxTax and other₹123 Cr
Profit before taxNet profit₹373 Cr

Revenue and net profit

Revenue grew 19.0% in FY2025; net profit is the dashed line.

Cemindia Projects Limited revenue and net profit by fiscal year
Cemindia Projects Limited revenue and net profit by fiscal year
DateRevenueNet profit
FY2021₹2,208 Cr₹16 Cr
FY2022₹3,250 Cr₹69 Cr
FY2023₹4,675 Cr₹124 Cr
FY2024₹7,542 Cr₹274 Cr
FY2025₹8,974 Cr₹373 Cr

Cash flows

FY2025: ₹178 Cr from operations, -₹20.0 Cr free after investment (dashed).

Cemindia Projects Limited operating and free cash flow by fiscal year
Cemindia Projects Limited operating and free cash flow by fiscal year
DateOperating cash flowFree cash flow
FY2021₹49 Cr-₹60 Cr
FY2022₹356 Cr₹243 Cr
FY2023₹501 Cr₹64 Cr
FY2024₹692 Cr₹313 Cr
FY2025₹178 Cr-₹20 Cr

Growth

Latest fiscal year FY2025 (ending March): each figure with its change over the year before.

Revenue
₹8,974 Cr+19.0%1Y
Net profit
₹373 Cr+36.1%1Y
Cash from operations
₹178 Cr
Free cash flow
-₹20 Cr-106.4%1Y
YearRevenueOperating incomeEBITDANet profitCFOFCFROERevenue growth 1YNet profit growth 1Y
FY2025₹8,974 Cr₹865 Cr—₹373 Cr₹178 Cr-₹20 Cr—+19.0%+36.1%

Monthly returns

Month-by-month returns of CEMPRO across the years, with the seasonal pattern.

Balance sheet

What the company owns and owes at the end of FY2025.

LineFY2025
Liabilities and equity₹6,454 Cr
Equity capital₹17 Cr
Reserves₹1,816 Cr
Borrowings₹961 Cr
Other liabilities₹3,659 Cr
Assets₹6,454 Cr
Fixed assets₹1,061 Cr
Capital work in progress₹21 Cr
Investments₹125 Cr
Other assets₹5,246 Cr

Market cap against peers

8 peers: same sector group, nearest by size.

  1. KSB LIMITED₹12,762 Cr
  2. Cemindia Projects Limited (this company)₹11,749 Cr
  3. RITES Limited₹10,883 Cr

P/E against peers

CEMPRO trades at 26.4x earnings against a peer median of 38.3x (a 31% discount).

Peer comparison

Same-sector peers by market cap, with the median.

CompanyMarket capP/EP/BROEEV/EBITDA
Cemindia Projects LimitedCEMPROthis companyP/E ↓ discount₹11,749 Cr26.4x5.8x——
KSB LIMITEDKSB₹12,762 Cr49.7x8.7x——
JUPITER WAGONS LIMITEDJWL₹12,580 Cr44.8x4.5x20.5%24.5x
Graphite India Ltd.GRAPHITE₹11,684 Cr38.7x2.1x16.3%9.8x
Finolex Cables Ltd.FINCABLES₹11,656 Cr19.4x2.4x13.6%14.3x
Techno Electric & Engineering Company LimitedTECHNOE₹11,493 Cr25.0x2.9x12.3%31.4x
Sansera Engineering LimitedSANSERA₹11,327 Cr48.1x3.9x13.9%26.2x
Engineers India Ltd.ENGINERSIN₹10,896 Cr21.1x4.1x15.4%20.3x
RITES LimitedRITES₹10,883 Cr27.3x4.3x18.1%15.2x
Peer median—38.3x5.2x15.2%25.8x

Year-to-date ROI

CEMPRO since 1 January, against earlier years.

Historical volatility

CEMPRO's day-to-day swings over 30, 60 and 180 days.

Financial statements

Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.

Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.

Operating margin by fiscal year

Cemindia Projects Limited operating margin by fiscal year
Cemindia Projects Limited operating margin by fiscal year
DateOperating margin
FY20219.0%
FY20229.0%
FY20239.0%
FY202410.0%
FY202510.0%
LineFY2025
RevenueSales₹8,974 Cr
Costs
Interest₹228 Cr
Expenses₹8,109 Cr
Profit before tax₹496 Cr

Learn while you research

Academy chapters picked for Cemindia Projects Limited and the metrics on this page.

  1. 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
  2. 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
  3. 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
  4. 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
  5. 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
  6. 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read
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