TipHub

28.89

-0.16 -0.55%

As of 29 Jul 2026 · delayed

NSE Listed · Infrastructure Developers & Operators

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-05-13
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Niraj Cement Structurals Ltd. (NIRAJ)

Volume: 61,327Avg Vol 1W: 47,077Avg Vol 1M: 22,23452W Range:20.1552
Market Cap₹172 Cr
Current Price₹28.89
Previous Close₹29.05
High / Low (52w)₹52 / ₹20.15
Volume61,327
Avg Vol (1W)47,077
Avg Vol (1M)22,234
Stock P/E30.41
Book Value₹44.55
Dividend Yield0%
ROE7.95%
ROA452.13%
Revenue (TTM)
Revenue Growth7.71%
Profit Margin389.84%
Total Debt₹2 Cr
Shares Outstanding6 Cr
Face Value₹10
EPS (TTM)₹3.54
P/B0.65
Debt / Equity0.29
50 DMA₹29.43
200 DMA₹31.58
Day change-0.55%
SurveillanceESM · ESM 1
Price Chart
28.89 44.10% · 1Y
582112.1L
2025-07-30
2026-07-29

20-day avg volume: 23K shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹83 Cr₹138 Cr₹120 Cr₹167 Cr₹95 Cr₹172 Cr₹140 Cr₹136 Cr
EBITDA₹2 Cr₹6 Cr₹3 Cr₹10 Cr₹1 Cr₹11 Cr₹9 Cr₹10 Cr
Net Profit₹1 Cr₹4 Cr₹2 Cr₹8 Cr₹1 Cr₹9 Cr₹6 Cr₹6 Cr
EPS
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹138 Cr₹120 Cr₹513 Cr₹167 Cr₹94 Cr₹172 Cr₹140 Cr₹135 Cr
EBITDA₹6 Cr₹3 Cr₹20 Cr₹10 Cr₹1 Cr₹12 Cr₹9 Cr₹10 Cr
Net Profit₹4 Cr₹2 Cr₹15 Cr₹8 Cr₹1 Cr₹9 Cr₹6 Cr₹5 Cr
EPS3.51
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹230 Cr₹277 Cr₹313 Cr₹315 Cr₹257 Cr₹385 Cr
Total Liabilities₹55 Cr₹100 Cr₹133 Cr₹139 Cr₹104 Cr₹142 Cr
Equity₹175 Cr₹177 Cr₹179 Cr₹177 Cr₹152 Cr₹243 Cr
Total Debt₹15 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-5 Cr₹39 Cr₹-30 Cr₹30 Cr₹-68 Cr
Investing₹-9 Cr₹-11 Cr₹15 Cr₹-5 Cr₹-19 Cr
Financing₹9 Cr₹-17 Cr₹5 Cr₹-26 Cr₹105 Cr
Free Cash Flow₹-5 Cr₹39 Cr₹-30 Cr₹26 Cr₹-72 Cr
Shareholding
Promoter 24.89% Institutions 0.13% Public 74.98%
Efficiency & Working Capital
ROCE9.2%
Interest Coverage252
Dividend Payout
Debtor Days50 d
Inventory Days5 d
Payable Days26 d
Cash Conversion Cycle29 d
Working Capital Days55 d
Shareholding Details

As of 2026-06-30

Promoter24.9%
FII0%
DII0.1%
Institutions0.1%
Public75%
Promoter Pledge0%
No. of Shareholders14,177
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2024Sept 2024Dec 2024Jan 2025Jan 2025Feb 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters24.3%24.3%22.5%20.1%20.1%24.1%24.9%24.9%24.9%24.9%24.9%24.9%
FIIs0%0.1%0%0%0%0%0%0%0%0.1%0.1%0%
DIIs0%0%0%0.8%0.8%0.7%0%0.6%0.6%0%0%0.1%
Public75.7%75.6%77.5%79.1%79.1%75.2%75.1%74.5%74.5%75%75%75%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders13,78214,24813,15613,20213,20213,20213,37012,93312,73714,21914,47614,177
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Bylan-niraj Infra Projects Private LimitedPublic Shareholding21.4%1.28 Cr
Chem Logistics & Infra Private LimitedPublic Shareholding19.6%1.17 Cr
Gulshan Vijaykumar ChopraShareholding of Promoter and Promoter Group8.8%52,20,946
Dileep Kumar SinghPublic Shareholding7.1%42,32,728
Pooja Gulshankumar ChopraShareholding of Promoter and Promoter Group4.7%27,80,027
Aishwarya Gulshan ChopraShareholding of Promoter and Promoter Group4.7%27,80,000
Siddhant Gulshan ChopraShareholding of Promoter and Promoter Group4.7%27,80,000
Asha Vijay ChopraShareholding of Promoter and Promoter Group2.2%12,99,851
Board of Directors
NameDesignationYear
Vishram Pandurang RudreExecutive Director & MD2025
Sudhakar Balu TandaleE D & Wholetime Director2025
Dimple Deepak GerujaIndependent Non Exe. Director2025
Ratan SanilIndependent Non Exe. Director2025
Partha Sarthi RautIndependent Non Exe. Director2025
Kavita Suresh HindiaIndependent Non Exe. Director2025
ANIL KUMAR JHACompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Civil construction and infrastructu₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10706060
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202549073011782
202549000049
20250036301364
Substantial Acquisitions (SAST)

1 disclosure(s)

Transmission30/12/2025 · 6,86,551
Company Information
Incorporated1998
AuditorChaturvedi Sohan & Co
Investor Email[email protected]
🌐 www.niraj.co.in

📍 Unit No 820 to 825 Commercial, Bldg Wadhwa Dukes Horizon, Mumbai, Maharashtra, 400088

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