Cemindia Projects Ltd
CEMPROCemindia Projects Ltd's price has outrun its earnings. +99.9% in a year against EPS +60.3% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +99.9% in a year while annual EPS moved +60.3% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 83rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +114.2% year on year, and 111% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
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.
Cemindia Projects Ltd trades at ₹1,615, in a confirmed uptrend and 9 weeks into that stage. That is +81.0% against its own 200-day average. It sits at 100% of a 52-week range of ₹527 to ₹1,615. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 19 straight weeks.
Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹1,615 it trades +81.0% versus its 200-day average and sits at 100% of its 52-week range (₹527–₹1,615).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,411% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 19 straight weeks — 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 83rd 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.
Cemindia Projects Ltd trades at 42.1× P/E, at the pricey end of its own range (83rd percentile). Its long-run median P/E is 26.9×, measured across 10.4 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 42.1× is at the pricey end of its own range (83rd percentile), against a long-run median of 26.9× measured over 10.4 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 +60.3% against a +99.9% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +77.4%/yr price move, ~+106.1%/yr came from earnings growth and ~−28.7 pp from the multiple (compressing); over 10y, of the +27.7%/yr price move, ~+23.3%/yr came from earnings growth and ~+4.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ 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: Consistent 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).
Cemindia Projects Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 44.6% and holding. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +8.8% | +25.5% | +29.8% | +13.1% |
| Profit | +60.3% | +68.5% | +106.3% | +27.9% |
| EPS | +60.3% | +68.8% | +106.8% | +26.6% |
| Share price | +99.9% | +109.8% | +77.4% | +27.7% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
65.8/100 — rank 1 of 17 in Infra - Construction & Contracting · 100% evidence confidence
Cemindia Projects Ltd scores 65.8 out of 100 against the 17 companies it is compared with in Infra - Construction & Contracting, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 27 + 17 + 1.8 + 20 = 65.8. 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.
Cemindia Projects Ltd reported ₹2,973 Cr of revenue in the Mar 26 quarter, +17.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 11 years it has compounded at 12.0% a year. The last full year, FY26, came in at ₹10,061 Cr. The last four reported quarters add to ₹10,025 Cr.
Cemindia Projects Ltd reported ₹2,973 Cr of revenue in the Mar 26 quarter, +17.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 11 years it has compounded at 12.0% a year. The last full year, FY26, came in at ₹10,061 Cr. The last four reported quarters add to ₹10,025 Cr.
FY26 revenue came in at ₹10,061 Cr (+8.8% on the year), capping 11 years at 12.0% compound. The latest quarter (Mar 26) printed ₹2,973 Cr, +17.4% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +9.1% growth against the decade's 12.0% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +9.3% over the last 4 quarters against +14.0%/yr over the last 8 — rolling over; TTM profit +60.8% vs +47.5%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (+2.0 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.
Cemindia Projects Ltd's operating margin is 12.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0% to 13.0%. The current quarter sits inside that band.
Cemindia Projects Ltd's operating margin is 12.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0% to 13.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0%–13.0%.
Why the margin moved: operating margin went +2.0 pp year on year while gross margin went +2.5 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +114.2% 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.
Cemindia Projects Ltd earned ₹242 Cr of net profit in the Mar 26 quarter, +114.2% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹598 Cr. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned ₹113 Cr.
Cemindia Projects Ltd earned ₹242 Cr of net profit in the Mar 26 quarter, +114.2% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹598 Cr. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned ₹113 Cr.
Mar 26 profit was ₹242 Cr, +114.2% year on year — the 12th consecutive quarter of growth. On the full year, FY26 printed ₹598 Cr (+60.3%).
Why profit moved: revenue contributed +17.4% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +57.2% vs revenue +9.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 111% 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 111% of Cemindia Projects Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹500 Cr of operating cash against ₹598 Cr of profit. After ₹258 Cr of capital spending, ₹242 Cr was left as free cash.
FY26: operating cash of ₹500 Cr against reported profit of ₹598 Cr, leaving free cash of ₹242 Cr after ₹258 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 111% 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 111%: the cash cycle tightened 14 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a −110-day cycle and ₹794 Cr of building.
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).
Cemindia Projects Ltd's cash conversion cycle runs −110 days in FY26, down from −96 days in FY21. Capital spending ran ₹794 Cr over the last 3 years. At FY26 sales of ₹10,061 Cr each day of that cycle holds about ₹27.6 Cr, so roughly ₹−3,032 Cr sits inside the business at any moment.
FY26: debtors at 47 days, inventory at 82 days — roughly 2.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −110 days, tighter than FY21's −96.
The full loop: cash goes out to suppliers and production on day 0; stock waits 82 days to sell; customers pay about 47 days after that; and suppliers themselves are paid at 238 days — netting out to the −110-day cycle.
In money terms: at FY26 sales of ₹10,061 Cr, each day of the cycle holds about ₹27.6 Cr — so the −110-day loop keeps roughly ₹−3,032 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹794 Cr over the last 3 fiscal years against ₹568 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹22.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 33% and the ROIC − WACC spread is +11.8 pp.
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.
Cemindia Projects Ltd earns a ROCE of 33% in FY26. That is up from a trough of 5% in Dec 14. Return on invested capital clears the cost of that capital by +11.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 5.9% net margin on 1.42× asset turns.
FY26 ROCE is 33%, recovered from a Dec 14 trough of 5% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 5.9% net margin × 1.42× asset turns × 2.95× balance-sheet leverage ≈ 24.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 23.8% − 12.0% = a +11.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.42.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Cemindia Projects Ltd carries total debt of ₹905 Cr against shareholder equity of ₹2,400 Cr as of Mar 26, a debt-to-equity of 0.38. On the annual view that ratio went from 0.49 in FY22 to 0.38 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹905 Cr against shareholder equity of ₹2,400 Cr — a debt-to-equity of 0.38. On the annual view, debt-to-equity went from 0.49 (FY22) to 0.38 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Promoters added 20.8 points over 8 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.
Promoters added 20.8 points of Cemindia Projects Ltd over 8 quarters, the biggest move on the register. That takes promoters to 67.5% of the company. Foreign institutions moved −12.7 points over the same window, to 7.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +20.8 points over 8 quarters to 67.5%; Foreign institutions: −12.7 points over 8 quarters to 7.3%; Domestic institutions: +0.4 points over 8 quarters to 2.9%.
Why the register moved: promoters drove it (+20.8 points), absorbed on the other side by foreign institutions (−12.7 points) — steady accumulation by institutions reading the same numbers this page reads.
→ 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.
Cemindia Projects 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 |
|---|---|---|---|---|---|---|
| Cemindia Projects Ltd this page | 42.1× | ₹24,755 Cr | Consistent | |||
| Larsen & Toubro Ltd | 31.7× | ₹5.2L Cr | Mixed | |||
| Rail Vikas Nigam Ltd | 53.5× | ₹46,815 Cr | Mixed | |||
| NBCC (India) Ltd | 38.3× | ₹25,337 Cr | Mixed | |||
| IRB Infrastructure Developers Ltd | 26.9× | ₹23,685 Cr | Mixed | |||
| PNC Infratech Ltd | 13.6× | ₹6,111 Cr | Turning around | |||
| Hindustan Construction Company Ltd | 40.8× | ₹5,614 Cr | No read | |||
| H.G. Infra Engineering Ltd | 11.8× | ₹3,499 Cr | Mixed | |||
| KNR Constructions Ltd | 7.8× | ₹3,409 Cr | Improving | |||
| Patel Engineering Ltd | 7.0× | ₹2,780 Cr | Turning around | |||
| Ramky Infrastructure Ltd | 11.3× | ₹2,568 Cr | Improving | |||
| Simplex Infrastructures Ltd | 48.0× | ₹1,892 Cr | No read | |||
| SPML Infra Ltd | 22.6× | ₹1,692 Cr | No read | |||
| Likhitha Infrastructure Ltd | 22.8× | ₹894 Cr | Deteriorating | |||
| Hazoor Multi Projects Ltd | 26.7× | ₹723 Cr | No read | |||
| Hazoor Multi Projects Ltd | 13.9× | ₹595 Cr | No read | |||
| Giriraj Civil Developers Ltd | 21.1× | ₹454 Cr | Turning around | |||
| Vishnu Prakash R Punglia Ltd | 59.9× | ₹412 Cr | Deteriorating |
Frequently asked questions
What is Cemindia Projects Ltd's share price today?
Cemindia Projects Ltd trades at ₹1,615, +99.9% over the past year. The company is valued at ₹24,755 Cr. The stock sits at 100% of its 52-week range of ₹527–₹1,615, +81.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 24 July 2026.
What were Cemindia Projects Ltd's latest quarterly results?
Cemindia Projects Ltd reported revenue of ₹2,973 Cr and net profit of ₹242 Cr for the Mar 26 quarter. Revenue rose 17.4% and profit rose 114.2% year on year. Earnings per share were ₹14.10. The operating margin was 12.0%, 2.0 pp higher than a year earlier. — as of 24 July 2026.
What is Cemindia Projects Ltd's revenue?
Cemindia Projects Ltd reported revenue of ₹2,973 Cr in the Mar 26 quarter, +17.4% year on year. For the full FY26 fiscal year, revenue was ₹10,061 Cr (+8.8%). Over the last 11 years revenue compounded at 12.0% a year. — as of 24 July 2026.
What is Cemindia Projects Ltd's profit?
Cemindia Projects Ltd earned ₹242 Cr of net profit in the Mar 26 quarter, +114.2% year on year — the 12th straight quarter of growth. Full-year FY26 profit was ₹598 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is Cemindia Projects Ltd's market cap?
Cemindia Projects Ltd's market capitalisation is ₹24,755 Cr at a share price of ₹1,615. 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 Cemindia Projects Ltd's P/E ratio?
Cemindia Projects Ltd trades at a P/E of 42.1×, at the 83rd percentile of its own 10-year range, against a long-run median of 26.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Cemindia Projects Ltd pay a dividend?
Yes — Cemindia Projects Ltd's dividend payout was 9% of profit in FY26, and it recorded a payout in 11 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Cemindia Projects Ltd overvalued?
On its own history, Cemindia Projects Ltd looks expensive against its own history: its P/E of 42.1× sits at the 83rd percentile of its 10-year range (long-run median 26.9×). 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 Cemindia Projects Ltd growing?
Yes — Cemindia Projects Ltd is growing: latest-quarter revenue +17.4% year on year, profit +114.2%, and the margin +2.0 pp at 12.0%. The earnings engine currently reads: improving — as of 24 July 2026.
How is Cemindia Projects Ltd performing?
Cemindia Projects Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's revenue rose 17.4% and profit rose 114.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 19 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Cemindia Projects Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 44.6% and holding. The read comes from the last 12 quarters of growth (revenue growth +9.3% latest, profit growth +60.8% latest, eps growth +60.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Cemindia Projects Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +81.0% versus its 200-day average and at 100% 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 Cemindia Projects Ltd beating the market?
On recent form, yes — Cemindia Projects Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 19 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,411% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Cemindia Projects Ltd's share price go up?
This page publishes no price forecast for Cemindia Projects Ltd. What it measures instead: the share price is ₹1,615, the price is in a confirmed uptrend 9 weeks in. Its P/E of 42.1× sits at the 83rd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Cemindia Projects Ltd?
Promoters hold 67.5% of Cemindia Projects Ltd, foreign institutions 7.3%, domestic institutions 2.9% and the public 22.4% (latest quarter). The biggest move on the register over the last two years: Promoters added 20.8 points over 8 quarters. — as of 24 July 2026.
Does Cemindia Projects Ltd have too much debt?
It is moderate — Cemindia Projects Ltd's debt-to-equity is 0.42, and operating profit covers the interest bill 5×. FY26 borrowings were ₹1,001 Cr against equity of ₹2,399 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Cemindia Projects Ltd's capex?
Cemindia Projects Ltd spent ₹794 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 ₹258 Cr, with ₹22.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Cemindia Projects Ltd's cash flow?
Cemindia Projects Ltd generated ₹500 Cr of operating cash flow in FY26 and ₹242 Cr of free cash flow after ₹258 Cr of capital spending. Reported profit that year was ₹598 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Cemindia Projects Ltd's profit real cash?
Yes — over the last 3 fiscal years, 111% of Cemindia Projects Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹500 Cr against reported profit of ₹598 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Cemindia Projects Ltd in its business cycle?
Cemindia Projects Ltd's FY26 operating margin was 10.0%, against a 13-year band of 6.0%–13.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. 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 Cemindia Projects Ltd story?
The sharpest disagreement: the price moved +99.9% in a year while annual EPS moved +60.3% — the difference is re-rating, and re-rating has to be repaid with earnings. 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 Cemindia Projects Ltd a stock worth studying right now?
This is not investment advice. The machine read: Cemindia Projects Ltd's price has outrun its earnings. +99.9% in a year against EPS +60.3% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.