Ceigall India Ltd
CEIGALLCeigall India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: profits are rising, but only −91% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (22 weeks in) while the P/E sits at the 64th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +79.2% year on year, and −91% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Ceigall India Ltd trades at ₹341, in a confirmed uptrend and 22 weeks into that stage. That is +9.3% against its own 200-day average. It sits at 68% of a 52-week range of ₹233 to ₹392. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 22 of stage 2, confirmed. At ₹341 it trades +9.3% versus its 200-day average and sits at 68% of its 52-week range (₹233–₹392).
Against the market, two honest reads. Cumulative: over the last 1.9 years the stock moved −14% while the NIFTY 500 moved +3% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 64th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Ceigall India Ltd trades at 18.8× P/E, mid-range by its own standards (64th percentile). Its long-run median P/E is 17.5×, measured across 2.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 18.8× is mid-range by its own standards (64th percentile), against a long-run median of 17.5× measured over 2.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +6.0% against a +26.9% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 3.3% on reported income across 12 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Ceigall India Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −33.3% at the trough to +79.2%, a 3-quarter improving streak (single-quarter readings), ROCE slipping at 17.0%. The read is built from 8 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +17.0% | +24.8% | +35.7% | — |
| Profit | +7.7% | +22.8% | +22.5% | — |
| EPS | +6.0% | −5.6% | −56.5% | — |
| Share price | +26.9% | — | — | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
54.2/100 — rank 5 of 13 in Construction - Civil/Turnkey · 76% evidence confidence
Ceigall India Ltd scores 54.2 out of 100 against the 13 companies it is compared with in Construction - Civil/Turnkey, ranking 5. Price leads the evidence: RS versus the benchmark is 17.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 14.7 + 13.6 + 10.2 + 15.7 = 54.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Ceigall India Ltd reported ₹1,387 Cr of revenue in the Mar 26 quarter, +37.1% year on year. That is the 8th straight quarter of year-on-year growth. Over 6 years it has compounded at 31.1% a year. The last full year, FY26, came in at ₹4,022 Cr. The last four reported quarters add to ₹4,023 Cr.
Ceigall India Ltd reported ₹1,387 Cr of revenue in the Mar 26 quarter, +37.1% year on year. That is the 8th straight quarter of year-on-year growth. Over 6 years it has compounded at 31.1% a year. The last full year, FY26, came in at ₹4,022 Cr. The last four reported quarters add to ₹4,023 Cr.
FY26 revenue came in at ₹4,022 Cr (+17.0% on the year), capping 6 years at 31.1% compound. The latest quarter (Mar 26) printed ₹1,387 Cr, +37.1% year on year — the 8th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +15.7% growth against the decade's 31.1% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +17.0% over the last 4 quarters against +15.2%/yr over the last 8 — stabilising; TTM profit +7.3% vs +0.7%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (+3.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Ceigall India Ltd's operating margin is 16.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 14.0% to 18.0%. The current quarter sits inside that band.
Ceigall India Ltd's operating margin is 16.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 14.0% to 18.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, +3.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 14.0%–18.0%.
Why the margin moved: operating margin went +3.5 pp year on year while gross margin went +2.4 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +79.2% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Ceigall India Ltd earned ₹129 Cr of net profit in the Mar 26 quarter, +79.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹309 Cr. The 6-year compound rate is 23.1%. That is 9.3% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr.
Ceigall India Ltd earned ₹129 Cr of net profit in the Mar 26 quarter, +79.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹309 Cr. The 6-year compound rate is 23.1%. That is 9.3% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr.
Mar 26 profit was ₹129 Cr, +79.2% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹309 Cr (+7.7%), and the 6-year compound rate is 23.1%.
Why profit moved: revenue contributed +37.1% and the margin +3.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +7.7% vs revenue +15.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: −91% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −91% of Ceigall India Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−91.0 Cr of operating cash against ₹309 Cr of profit. After ₹45.0 Cr of capital spending, ₹−136 Cr was left as free cash.
FY26: operating cash of ₹−91.0 Cr against reported profit of ₹309 Cr, leaving free cash of ₹−136 Cr after ₹45.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −91% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −91%: the cash cycle tightened 84 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 1.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹267 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Ceigall India Ltd's cash conversion cycle runs −95 days in FY26, down from −11 days in FY21. Capital spending ran ₹267 Cr over the last 3 years. At FY26 sales of ₹4,022 Cr each day of that cycle holds about ₹11.0 Cr, so roughly ₹−1,047 Cr sits inside the business at any moment.
FY26: debtors at 58 days, inventory at 11 days — roughly 0.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −95 days, tighter than FY21's −11.
The full loop: cash goes out to suppliers and production on day 0; stock waits 11 days to sell; customers pay about 58 days after that; and suppliers themselves are paid at 164 days — netting out to the −95-day cycle.
In money terms: at FY26 sales of ₹4,022 Cr, each day of the cycle holds about ₹11.0 Cr — so the −95-day loop keeps roughly ₹−1,047 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹267 Cr over the last 3 fiscal years against ₹173 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 17%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Ceigall India Ltd earns a ROCE of 17% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 7.7% net margin on 0.73× asset turns.
FY26 ROCE is 17%.
Why the return is what it is — the wiring (FY26): 7.7% net margin × 0.73× asset turns × 2.58× balance-sheet leverage ≈ 14.5% on equity. Margin does its share; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.3% on reported income across 12 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.61.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Ceigall India Ltd carries ₹1,311 Cr of borrowings against ₹2,138 Cr of equity in FY26, a debt-to-equity of 0.61. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹30.0 Cr to ₹1,311 Cr. Capital spending ran ₹267 Cr across the last 3 of those years.
FY26: borrowings of ₹1,311 Cr against equity of ₹2,138 Cr — a debt-to-equity of 0.61. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹30.0 Cr to ₹1,311 Cr while capital spending ran ₹267 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.3% on reported income across 12 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 3.2 points over 7 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 3.2 points of Ceigall India Ltd over 7 quarters, the biggest move on the register. That takes domestic institutions to 3.6% of the company. Foreign institutions moved +0.9 points over the same window, to 3.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −3.2 points over 7 quarters to 3.6%; Foreign institutions: +0.9 points over 7 quarters to 3.9%; Promoters: +0.0 points over 7 quarters to 82.0%.
🚨 Why the register moved: domestic institutions drove it (−3.2 points), absorbed on the other side by foreign institutions (+0.9 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Ceigall India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Ceigall India Ltd this page | 18.8× | ₹5,872 Cr | Turning around | |||
| Interise Trust | 271.0× | ₹11,440 Cr | No read | |||
| Afcons Infrastructure Ltd | 35.0× | ₹10,517 Cr | Deteriorating | |||
| GHV Infra Projects Ltd | 78.7× | ₹2,262 Cr | — | — | — | — |
| GHV Infra Projects Ltd | 35.5× | ₹1,741 Cr | — | No read | ||
| B.L.Kashyap & Sons Ltd | 90.4× | ₹1,230 Cr | Mixed | |||
| SRM Contractors Ltd | 10.5× | ₹1,165 Cr | Improving | |||
| Gayatri Projects Ltd | 10.8× | ₹962 Cr | No read | |||
| Denta Water & Infra Solutions Ltd | 14.8× | ₹899 Cr | No read | |||
| Effwa Infra & Research Ltd | 30.9× | ₹884 Cr | No read | |||
| Sathlokhar Synergys E&C Global Ltd | 9.6× | ₹791 Cr | — | — | — | — |
| A B Infrabuild Ltd | 34.1× | ₹659 Cr | Topping out | |||
| HRS Aluglaze Ltd | 105.0× | ₹540 Cr | — | — | — | — |
| Brahmaputra Infrastructure Ltd | 8.0× | ₹476 Cr | No read |
Frequently asked questions
What is Ceigall India Ltd's share price today?
Ceigall India Ltd trades at ₹341, +26.9% over the past year. The company is valued at ₹5,872 Cr. The stock sits at 68% of its 52-week range of ₹233–₹392, +9.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 22 weeks in. — as of 24 July 2026.
What were Ceigall India Ltd's latest quarterly results?
Ceigall India Ltd reported revenue of ₹1,387 Cr and net profit of ₹129 Cr for the Mar 26 quarter. Revenue rose 37.1% and profit rose 79.2% year on year. Earnings per share were ₹7.27. The operating margin was 16.0%, 3.0 pp higher than a year earlier. — as of 24 July 2026.
What is Ceigall India Ltd's revenue?
Ceigall India Ltd reported revenue of ₹1,387 Cr in the Mar 26 quarter, +37.1% year on year. For the full FY26 fiscal year, revenue was ₹4,022 Cr (+17.0%). Over the last 6 years revenue compounded at 31.1% a year. — as of 24 July 2026.
What is Ceigall India Ltd's profit?
Ceigall India Ltd earned ₹129 Cr of net profit in the Mar 26 quarter, +79.2% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹309 Cr. The operating margin ran 16.0% in the latest quarter. — as of 24 July 2026.
What is Ceigall India Ltd's market cap?
Ceigall India Ltd's market capitalisation is ₹5,872 Cr at a share price of ₹341. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Ceigall India Ltd's P/E ratio?
Ceigall India Ltd trades at a P/E of 18.8×, at the 64th percentile of its own 2-year range, against a long-run median of 17.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Ceigall India Ltd pay a dividend?
Yes — Ceigall India Ltd's dividend payout was 3% of profit in FY26, and it recorded a payout in 2 of its last 7 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Ceigall India Ltd overvalued?
On its own history, Ceigall India Ltd looks mid-range against its own history: its P/E of 18.8× sits at the 64th percentile of its 2-year range (long-run median 17.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Ceigall India Ltd growing?
Yes — Ceigall India Ltd is growing: latest-quarter revenue +37.1% year on year, profit +79.2%, and the margin +3.0 pp at 16.0%. The 6-year compound rates are 31.1% (revenue) and 23.1% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Ceigall India Ltd performing?
Ceigall India Ltd is in a confirmed uptrend, 22 weeks in. Its latest quarter's revenue rose 37.1% and profit rose 79.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Ceigall India Ltd in?
Turning around — profit growth swung from −33.3% at the trough to +79.2%, a 3-quarter improving streak (single-quarter readings), ROCE slipping at 17.0%. The read comes from the last 12 quarters of growth (revenue growth +37.1% latest, profit growth +79.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Ceigall India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 22 of stage 2), trading +9.3% versus its 200-day average and at 68% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Ceigall India Ltd beating the market?
Not lately — on a trailing-13-week view Ceigall India Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.9 years the stock moved −14% against the NIFTY 500's +3% — behind the index over the full window. — as of 24 July 2026.
Will Ceigall India Ltd's share price go up?
This page publishes no price forecast for Ceigall India Ltd. What it measures instead: the share price is ₹341, the price is in a confirmed uptrend 22 weeks in. Its P/E of 18.8× sits at the 64th percentile of its own 2-year range. — as of 24 July 2026.
Who owns Ceigall India Ltd?
Promoters hold 82.0% of Ceigall India Ltd, foreign institutions 3.9%, domestic institutions 3.6% and the public 10.4% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 3.2 points over 7 quarters. — as of 24 July 2026.
Does Ceigall India Ltd have too much debt?
It is moderate — Ceigall India Ltd's debt-to-equity is 0.61, and operating profit covers the interest bill 4×. FY26 borrowings were ₹1,311 Cr against equity of ₹2,138 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Ceigall India Ltd's capex?
Ceigall India Ltd spent ₹267 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹45.0 Cr, with ₹4.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Ceigall India Ltd's cash flow?
Ceigall India Ltd generated ₹−91.0 Cr of operating cash flow in FY26 and ₹−136 Cr of free cash flow after ₹45.0 Cr of capital spending. Reported profit that year was ₹309 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Ceigall India Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −91% of Ceigall India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−91.0 Cr against reported profit of ₹309 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Ceigall India Ltd in its business cycle?
Ceigall India Ltd's FY26 operating margin was 15.0%, against a 7-year band of 14.0%–18.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Ceigall India Ltd story?
The sharpest disagreement: profits are rising, but only −91% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Ceigall India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Ceigall India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.