CEIGALLIndustrials

Ceigall India Limited

Civil Construction · ISIN INE0AG901020 · BSE 544223 · NSE EQ · FV ₹5
Last price
₹390
+0.83%today
What this company does

Ceigall India Limited operates in Civil Construction, part of the Industrials sector. It booked ₹970 cr of revenue in its latest quarter (Q1 FY27) and kept 6.3% of sales as profit.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
81

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Balance sheet33

How much it owes, and whether earnings cover the interest

Cash quality24

Whether reported profit actually arrives as cash

Valuation40

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 16% vs last year
Profit up 15% vs last year
Promoters hold 82%
No promoter shares pledged
Watch-outs
! Thin 6.3% net margin
! Operating cash flow is negative

What if I invest in CEIGALL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹390 +0.83%
latest close · 2026-09-17
52-wk low ₹30242 sessions so far52-wk high ₹394
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.6Average
LowAverageHigh
P/B ratio3.18High
Below bookModerateHigh
EV / EBITDA12.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.5%Fair
WeakFairStrong ▸15%
Return on capital16.9%Strong
WeakFairStrong
Net margin6.3%Decent
ThinDecentStrong
EBITDA margin15.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.61Moderate
LowModerateHigh ▸1
Interest cover3.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.38Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,794 cr
Book value
₹123
EPS
₹3.66
latest quarter
Net debt
₹1,030 cr
owes more than its cash
Enterprise value
₹7,824 cr
EBITDA
₹609 cr
annualised
EBIT
₹557 cr
annualised
Operating margin
14.4%
Return on assets
4.4%
Earnings yield
3.75%
P/S
1.75
Sales / share
₹222.6
Tax rate
33.1%
Face value
₹5
Shares
17.4 cr
Working capital
₹851 cr
Current assets
₹3,082 cr
Current liabilities
₹2,231 cr
Delivery %
47.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹232 vs market price ₹390 — price is 68% above it
Safety cushion-67.9%(target ≥ +20%)
Models span ₹139₹326, midpoint ₹232
Model ₹232
Price ₹390
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹970 cr
Other Income₹11 cr
Total Income₹981 cr
Cost of Materials₹236 cr
Purchases of Stock-in-Trade₹1 cr
Inventory Change (±)₹-1 cr
Employee Benefit Expense₹11 cr
Finance Costs₹44 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹579 cr
Total Expenses₹883 cr
Exceptional Items₹-3 cr
Profit before Tax₹95 cr
Tax Expense₹32 cr
Net Profit₹64 cr
Net margin on total income6.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹236 cr24.1%
Employee benefit expense₹11 cr1.1%
Finance costs₹44 cr4.5%
Depreciation & amortisation₹13 cr1.3%
Other expenses₹579 cr59.2%
Tax expense₹32 cr3.2%
Profit for the period₹64 cr6.5%
Total income ₹981 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue991 cr1,387 cr970 cr
Total income1,002 cr1,399 cr981 cr
Expenses905 cr1,223 cr883 cr
Profit before tax97 cr176 cr95 cr
Tax25 cr47 cr32 cr
Net profit (owners' share)74 cr127 cr61 cr
Net margin (owners' share, on revenue)7.5%9.1%6.3%
EPS (₹)4.167.413.66
YoY (latest quarter): total income +15.1% · net profit +15.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹5,523 cr
Shareholder equity
₹2,138 cr
parent shareholders
Total debt
₹1,310 cr
Cash
₹280 cr
Cash flow · H1 FY26
Operating
₹-173 cr
Investing
₹-1 cr
Financing
₹-141 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.13%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share11 Sep 2026
Dividend₹0.5 / share23 Sep 2024
Who owns it · 2026-06-30
No pledge
Promoter
82.1%
FII / Foreign
3.9%
DII / Domestic
3.6%
Retail / others
10.4%
Smart-money activity
Bulk / block deals
short · NSE60026 Aug 26
BoughtGOLDMAN SACHS BANK EUROPE SE - ODI · NSE4.09 L @ ₹25220 Oct 25
SoldGOLDMAN SACHS (SINGAPORE) PTE - ODI · NSE4.09 L @ ₹25220 Oct 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt: a) The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the Report of Board of Directors and Auditors thereon. b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the Report of Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
53.21 L votes for, 14,421 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Ramneek Sehgal (DIN: 01614465) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
1.20 cr votes for, 1.27 L against · 1% of mutual funds and other big investors said no
3
Re-Appointment of Mr. Arun Goyal (DIN: 00009034) as an Independent Director of The Company
Backed by 99% of shareholders other than promotersneeded 75%
1.20 cr votes for, 1.27 L against · 1% of mutual funds and other big investors said no
4
Appointment of Secretarial Auditors
Backed by 100% of shareholders other than promotersneeded 50%
1.21 cr votes for, 14,521 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 82.1% between them · as of 2026-06-30
Ramneek Sehgal And Sons Huf .37.28%
Ramneek Sehgal21.02%
RS FAMILY TRUST11.94%
Mohinder Pal Singh4.55%
Simran Sehgal4.53%
Paramjit Kaur Sehgal2.72%
Avneet Luthra0.02%
Ceigall Bathinda Dabwali Highways Private Limitedno shares
Business done with them
FY2025 · 6 of the group
The company paid ₹36 cr to companies in the promoter group last year — about 1.0% of its ₹3,437 cr revenue and received ₹132 cr back from them.
CEIGALL BATHINDA DABWALI HIGHWAYS PRIVATE LIMITED
Provided services to them · Sale of Services, Rent Received, Contract revenue
₹130 cr
company received
Ramneek Sehgal
Other payments to them · Director Remuneration, Dividend paid, Rent received and Rent Paid
also owns 21.02% of the company
₹15 cr
company paid
CEIGALL BATHINDA DABWALI HIGHWAYS PRIVATE LIMITED
Other payments to them · Sale of Services, Rent Received, Contract revenue
₹15 cr
company paid
RAMNEEK SEHGAL & SONS (HUF)
Other payments to them · Dividend
also owns 37.28% of the company
₹3 cr
company paid
CEIGALL HOSPITALITY
Bought goods from them · Purchases
₹2 cr
company paid
CEIGALL BATHINDA DABWALI HIGHWAYS PRIVATE LIMITED
Other income from them · Sale of Services, Rent Received, Contract revenue
₹2 cr
company received
Ramneek Sehgal
Leases As Lessor · Director Remuneration, Dividend paid, Rent received and Rent Paid
also owns 21.02% of the company
₹63 L
company received
SIMRAN SEHGAL
Other payments to them · Salary, Dividend
also owns 4.53% of the company
₹52.5 L
company paid
AVNEET LUTHRA
Other payments to them · Salary, Dividend
also owns 0.02% of the company
₹15.2 L
company paid
Ramneek Sehgal
Leases As Lessee · Director Remuneration, Dividend paid, Rent received and Rent Paid
also owns 21.02% of the company
₹3 L
company received
CEIGALL BATHINDA DABWALI HIGHWAYS PRIVATE LIMITED
Leases As Lessor · Sale of Services, Rent Received, Contract revenue
₹0.6 L
company received

The company also transacted with 27 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹652 cr raised in Aug 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside, leaving ₹6.5 L still to be spent. ICRA LIMITED watches the spending on the exchange’s behalf.

PURCHASE OF EQUIPMENT
100%
₹100 cr of ₹100 cr
REPAYMENT/PREPAYMENT, IN FULL OR IN PART, OF CERTAIN BORROWINGS AVAILED BY COMPANY
100%
₹385 cr of ₹385 cr
REPAYMENT/PREPAYMENT, IN FULL OR IN PART, OF CERTAIN BORROWINGS AVAILED BY SUBSIDIARY
100%
₹29 cr of ₹29 cr
GENERAL CORPORATE PURPOSE
originally ₹139 cr
budget changed
100%
₹139 cr of ₹139 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.