Cemindia Projects Limited
₹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
Price chart
Technical chartScreen technicals →+49.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
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 StockStrengths1
- 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
Key statistics
Screen fundamentals →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
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,974 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 36.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹692 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹193 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 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.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹8,109 Cr |
| Sales | Operating profit | ₹865 Cr |
| Operating profit | Interest | ₹228 Cr |
| Operating profit | Depreciation | ₹189 Cr |
| Operating profit | Profit before tax | ₹448 Cr |
| Other income | Profit before tax | ₹48 Cr |
| Profit before tax | Tax and other | ₹123 Cr |
| Profit before tax | Net profit | ₹373 Cr |
Revenue and net profit
Revenue grew 19.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net 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).
| Date | Operating cash flow | Free 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
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net 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.
| Line | FY2025 |
|---|---|
| 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.
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.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Cemindia Projects LimitedCEMPROthis companyP/E ↓ discount | ₹11,749 Cr | 26.4x | 5.8x | — | — |
| KSB LIMITEDKSB | ₹12,762 Cr | 49.7x | 8.7x | — | — |
| JUPITER WAGONS LIMITEDJWL | ₹12,580 Cr | 44.8x | 4.5x | 20.5% | 24.5x |
| Graphite India Ltd.GRAPHITE | ₹11,684 Cr | 38.7x | 2.1x | 16.3% | 9.8x |
| Finolex Cables Ltd.FINCABLES | ₹11,656 Cr | 19.4x | 2.4x | 13.6% | 14.3x |
| Techno Electric & Engineering Company LimitedTECHNOE | ₹11,493 Cr | 25.0x | 2.9x | 12.3% | 31.4x |
| Sansera Engineering LimitedSANSERA | ₹11,327 Cr | 48.1x | 3.9x | 13.9% | 26.2x |
| Engineers India Ltd.ENGINERSIN | ₹10,896 Cr | 21.1x | 4.1x | 15.4% | 20.3x |
| RITES LimitedRITES | ₹10,883 Cr | 27.3x | 4.3x | 18.1% | 15.2x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 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
| Date | Operating margin |
|---|---|
| FY2021 | 9.0% |
| FY2022 | 9.0% |
| FY2023 | 9.0% |
| FY2024 | 10.0% |
| FY2025 | 10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,974 Cr |
| Costs | |
| Interest | ₹228 Cr |
| Expenses | ₹8,109 Cr |
| Operating profitOperating Profit | ₹865 Cr |
| Other income and charges | |
| Profit before tax | ₹496 Cr |
| Tax | |
| Net profitNet Profit | ₹373 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹6,454 Cr |
| Equity capitalEquity Capital | ₹17 Cr |
| Reserves | ₹1,816 Cr |
| Borrowings | ₹961 Cr |
| Other liabilitiesOther Liabilities | ₹3,659 Cr |
| AssetsTotal Assets | ₹6,454 Cr |
| Fixed assetsFixed Assets | ₹1,061 Cr |
| Capital work in progressCWIP | ₹21 Cr |
| Investments | ₹125 Cr |
| Other assetsOther Assets | ₹5,246 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹178 Cr |
| Investing cash flowCash from Investing Activity | -₹198 Cr |
| Financing cash flowCash from Financing Activity | -₹208 Cr |
| Change in cashNet Cash Flow | -₹229 Cr |
Learn while you research
Academy chapters picked for Cemindia Projects Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read