CEMPRO
Cemindia Projects Limited
EPC contractor for infrastructure projects including marine structures and tunnels
Industrials›Construction›Construction›Civil Construction
cemindia.co.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1197.70
Market cap
20,570 Cr
Stock P/E
34.2
P/B
8.57
Dividend yield
0.2%
ROE (FY26)
24.9%
ROCE (FY26)
31.6%
Operating margin (FY26)
8.5%
Debt / equity (FY26)
0.36
OCF / EBITDA (FY26)
48.9%
OCF / EBITDA (3Y)
53.4%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
This engineering, procurement and construction (EPC) contractor builds large, specialised infrastructure such as ports and marine structures, underground metros, tunnels, airports, highways and bridges, and increasingly data-centre buildings, for government bodies, public-sector companies and private developers, with the Adani group now a large source of its work.
Company snapshot
5thBy market cap
Ranked among 90 companies in Civil Construction.
What we see
Positives
- ✓Return on equity of 24.9% — the company generates strong returns on shareholders' money.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,610 Cr | 2,017 Cr | 2,258 Cr | 2,381 Cr | 1,991 Cr | 2,245 Cr | 2,480 Cr | 2,542 Cr | 2,175 Cr | 2,315 Cr | 2,973 Cr | 2,721 Cr |
| Operating expenses (approx.) | 1,452 Cr | 1,812 Cr | 2,037 Cr | 2,160 Cr | 1,809 Cr | 2,039 Cr | 2,220 Cr | 2,310 Cr | 1,972 Cr | 2,094 Cr | 2,616 Cr | 2,446 Cr |
| EBITDA | 158 Cr | 205 Cr | 221 Cr | 221 Cr | 182 Cr | 206 Cr | 259 Cr | 233 Cr | 203 Cr | 222 Cr | 358 Cr | 275 Cr |
| OPM % | 9.8% | 10.2% | 9.8% | 9.3% | 9.1% | 9.2% | 10.5% | 9.2% | 9.3% | 9.6% | 12.0% | 10.1% |
| Other income | 6 Cr | 12 Cr | 21 Cr | 16 Cr | 22 Cr | 8 Cr | 10 Cr | 15 Cr | 39 Cr | 23 Cr | 92 Cr | 10 Cr |
| Interest | 52 Cr | 58 Cr | 57 Cr | 53 Cr | 57 Cr | 57 Cr | 62 Cr | 50 Cr | 53 Cr | 50 Cr | 61 Cr | 50 Cr |
| Depreciation | 53 Cr | 56 Cr | 54 Cr | 49 Cr | 47 Cr | 45 Cr | 51 Cr | 41 Cr | 43 Cr | 43 Cr | 39 Cr | 43 Cr |
| Profit before tax | 68 Cr | 106 Cr | 130 Cr | 135 Cr | 100 Cr | 112 Cr | 155 Cr | 164 Cr | 146 Cr | 152 Cr | 350 Cr | 192 Cr |
| Tax % | 21.1% | 25.7% | 31.3% | 25.8% | 27.9% | 22.4% | 26.7% | 16.1% | 26.4% | 27.1% | 30.9% | 26.8% |
| Net profit | 54 Cr | 79 Cr | 90 Cr | 100 Cr | 72 Cr | 87 Cr | 114 Cr | 137 Cr | 108 Cr | 111 Cr | 242 Cr | 141 Cr |
| EPS (₹) | ₹3.12 | ₹4.56 | ₹5.21 | ₹5.83 | ₹4.19 | ₹5.07 | ₹6.61 | ₹7.99 | ₹6.27 | ₹6.45 | ₹14.10 | ₹8.20 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Dec 2017 | Dec 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,061 Cr | 2,575 Cr | — | 2,861 Cr | 2,728 Cr | 3,809 Cr | 5,091 Cr | 7,718 Cr | 9,097 Cr | 10,061 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,789 Cr | 2,258 Cr | — | 2,565 Cr | 2,515 Cr | 3,516 Cr | 4,691 Cr | 6,973 Cr | 8,228 Cr | 9,039 Cr | Sign in free for the trailing twelve months |
| EBITDA | 271 Cr | 317 Cr | — | 296 Cr | 213 Cr | 293 Cr | 400 Cr | 745 Cr | 869 Cr | 1,022 Cr | Sign in free for the trailing twelve months |
| OPM % | 13.2% | 12.3% | — | 10.3% | 7.8% | 7.7% | 7.9% | 9.7% | 9.5% | 10.2% | Sign in free for the trailing twelve months |
| Other income | 35 Cr | 17 Cr | — | 5 Cr | 12 Cr | 12 Cr | 29 Cr | 48 Cr | 56 Cr | 177 Cr | Sign in free for the trailing twelve months |
| Interest | 88 Cr | 96 Cr | — | 130 Cr | 138 Cr | 142 Cr | 165 Cr | 218 Cr | 229 Cr | 215 Cr | Sign in free for the trailing twelve months |
| Depreciation | 58 Cr | 64 Cr | — | 96 Cr | 100 Cr | 103 Cr | 114 Cr | 208 Cr | 192 Cr | 166 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 126 Cr | 173 Cr | — | 60 Cr | 20 Cr | 94 Cr | 184 Cr | 383 Cr | 503 Cr | 818 Cr | Sign in free for the trailing twelve months |
| Tax % | 42.0% | 31.4% | — | 27.2% | 20.3% | 26.0% | 32.2% | 28.4% | 25.8% | 26.9% | Sign in free for the trailing twelve months |
| Net profit | 73 Cr | 118 Cr | — | 44 Cr | 16 Cr | 69 Cr | 125 Cr | 274 Cr | 373 Cr | 598 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹4.69 | ₹6.87 | — | ₹2.51 | ₹0.92 | ₹4.01 | ₹7.23 | ₹15.93 | ₹21.70 | ₹34.79 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 32.3% | 3.0% | 6.2% | 4.7% | 7.8% | 5.7% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Dec 2017 | Dec 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 16 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr |
| Reserves | 602 Cr | — | 1,004 Cr | 1,035 Cr | 1,049 Cr | 1,114 Cr | 1,220 Cr | 1,477 Cr | 1,816 Cr | 2,382 Cr |
| Borrowings | 447 Cr | — | 521 Cr | 461 Cr | 361 Cr | 515 Cr | 725 Cr | 862 Cr | 933 Cr | 867 Cr |
| Other liabilities | 1,324 Cr | — | 1,053 Cr | 1,590 Cr | 1,759 Cr | 1,967 Cr | 3,050 Cr | 3,557 Cr | 3,734 Cr | 3,820 Cr |
| Total liabilities | 2,389 Cr | — | 2,597 Cr | 3,106 Cr | 3,188 Cr | 3,616 Cr | 5,017 Cr | 5,917 Cr | 6,505 Cr | 7,086 Cr |
| Fixed assets (net) | 462 Cr | — | 522 Cr | 554 Cr | 552 Cr | 651 Cr | 845 Cr | 1,081 Cr | 1,074 Cr | 1,162 Cr |
| CWIP | 38 Cr | — | 7 Cr | 5 Cr | 53 Cr | 2 Cr | 117 Cr | 10 Cr | 21 Cr | 22 Cr |
| Investments | 0.57 Cr | — | 0.57 Cr | 0.57 Cr | 184 Cr | 113 Cr | 45 Cr | 5 Cr | 42 Cr | 6 Cr |
| Loans & advances | — | — | — | 285 Cr | 24 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Inventories | 157 Cr | — | 246 Cr | 289 Cr | 337 Cr | 400 Cr | 577 Cr | 684 Cr | 642 Cr | 751 Cr |
| Trade receivables | 240 Cr | — | 437 Cr | 585 Cr | 531 Cr | 622 Cr | 1,080 Cr | 1,211 Cr | 1,607 Cr | 1,295 Cr |
| Cash & bank | 113 Cr | — | 90 Cr | 237 Cr | 127 Cr | 386 Cr | 446 Cr | 609 Cr | 358 Cr | 475 Cr |
| Other assets | 1,377 Cr | — | 1,296 Cr | 1,150 Cr | 1,379 Cr | 1,443 Cr | 1,905 Cr | 2,317 Cr | 2,761 Cr | 3,377 Cr |
| Total assets | 2,389 Cr | — | 2,597 Cr | 3,106 Cr | 3,188 Cr | 3,616 Cr | 5,017 Cr | 5,917 Cr | 6,505 Cr | 7,086 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Dec 2017 | Dec 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 68 Cr | — | — | 476 Cr | 235 Cr | 339 Cr | 471 Cr | 704 Cr | 203 Cr | 500 Cr |
| Cash from investing | -157 Cr | — | — | -117 Cr | -84 Cr | -25 Cr | -438 Cr | -419 Cr | -245 Cr | -149 Cr |
| Cash from financing | 40 Cr | — | — | -212 Cr | -260 Cr | -56 Cr | 28 Cr | -123 Cr | -209 Cr | -243 Cr |
| Net cash flow | -49 Cr | — | — | 147 Cr | -110 Cr | 258 Cr | 61 Cr | 162 Cr | -251 Cr | 110 Cr |
| Free cash flow (OCF − Capex) | -106 Cr | — | — | 367 Cr | 90 Cr | 228 Cr | 53 Cr | 348 Cr | -25 Cr | 236 Cr |
Ratios
| Metric | Dec 2017 | Dec 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 20.0% | — | — | 12.6% | 11.1% | 14.3% | 17.8% | 25.5% | 26.4% | 31.6% |
| ROE % | 11.8% | 11.8% | — | 4.1% | 1.5% | 6.1% | 10.0% | 18.3% | 20.3% | 24.9% |
| Debtor days | 42 | — | — | 75 | 71 | 59 | 77 | 57 | 64 | 47 |
| Inventory days | 92 | — | — | 99 | 144 | 118 | 119 | 86 | 73 | 81 |
| Days payable | 362 | — | — | 225 | 323 | 275 | 274 | 206 | 201 | 238 |
| Cash conversion cycle | -228 | — | — | -51 | -108 | -98 | -78 | -63 | -64 | -109 |
| OCF / EBITDA % | 25.1% | — | — | 161.2% | 110.4% | 115.6% | 117.8% | 94.5% | 23.3% | 48.9% |
| OCF / EBITDA % (3 years) | — | — | — | — | — | 131.0% | 115.3% | 105.3% | 68.4% | 53.4% |
| Debt / equity | 0.72 | — | 0.51 | 0.44 | 0.34 | 0.46 | 0.59 | 0.58 | 0.51 | 0.36 |
| Current ratio | 0.95 | — | 1.26 | 1.19 | 1.12 | 1.13 | 1.04 | 1.08 | 1.14 | 1.25 |
| Net debt / EBITDA | 1.23 | 0.00 | — | 0.76 | 1.10 | 0.44 | 0.70 | 0.34 | 0.66 | 0.38 |