Cemindia Projects
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Cemindia Projects

839.85
+30.55
(3.77%)
Market Cap
₹14,427.58 Cr
PE Ratio
31.22
Volume
7,88,168.00
Day High - Low
₹856.00 - ₹807.15
52W High-Low
₹944.00 - ₹476.60
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Key Fundamentals
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Market Cap
14,427.58 Cr
EPS
21.70
PB Ratio
6.80
Book Value
119.11
EBITDA
924.20
Dividend Yield
0.25 %
ROE Growth %
-
Debt to Equity
0.56
Analyst Rating and Forecast
- By Refinitiv from3 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+66.67 %
+66.67 %
Hold
Hold+33.33 %
+33.33 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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neutral
Cemindia Projects Limited's Board approved the resignation of statutory auditor TR Chadha & Co LLP and appointed PriceWaterhouse Chartered Accountants LLP as replacement auditors. TR Chadha & Co LLP resigned effective November 5, 2025, citing the company's alignment with Adani Group processes for appointing globally affiliated audit firms for major listed companies. The outgoing auditors completed their audit work for the year ended March 31, 2025, and limited review for the quarter and half-year ended September 30, 2025, with no concerns raised. PriceWaterhouse Chartered Accountants LLP will conduct the audit for financial year 2025-26 and hold office until the 48th Annual General Meeting in 2026, subject to member approval. The appointment requires shareholder approval through general meeting.
neutral
Cemindia Projects Limited will subscribe for 2,600 shares of Rs 10 each, representing a 26% stake in Morsagar Bisalpur Water Limited (MBWL). MBWL was incorporated on November 3, 2025, with a subscribed capital of Rs 1,00,000 divided into 10,000 equity shares. The company has not yet commenced business operations and has nil turnover. MBWL's business objective is to design, finance, develop, construct, operate, and maintain the MorSagar Artificial Reservoir and feeder from Bisalpur to MorSagar Artificial Reservoir in Rajasthan under a Hybrid Annuity Model. The remaining 74% stake will be held by Adani Enterprises Limited, identified as a related party. MBWL is registered with the Registrar of Companies, Ahmedabad.
positive
Cemindia Projects Limited announced its financial results for the quarter ended September 30, 2025. Consolidated revenue grew 9.3% year-on-year to ₹2,175 crores. EBITDA increased 18.6% to ₹242 crores with margin improving to 11.1% from 10.3%. PAT surged 49% to ₹108 crores with margin expanding to 5.0% from 3.6%. For the half-year period, revenue grew 7.9% to ₹4,718 crores, EBITDA rose 12.5% to ₹497 crores, and PAT jumped 42% to ₹245 crores. The company secured new orders worth ₹3,258 crores during the quarter, taking total H1FY26 orders to ₹6,189 crores. Total order book stands at ₹20,646 crores as of September 30, 2025. The company received credit rating upgrades from CARE (to CARE A+ Stable) and ICRA (to ICRA A+ Stable). The Board also approved the elevation of Mr. Arnab Das to Senior Management Personnel category effective November 1, 2025. Net worth stood at ₹2,051 crores with net debt of ₹510 crores, resulting in a debt-to-equity ratio of 0.25x.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
4,069.60
#1 5,59,796.27
29.04
#1 2,59,859.30
15.35
#1 17,687
14.13
65.60
324.10
67,575.50
58.55
20,922.80
-9.28
1,282
-19.66
48.93
116.69
31,506.30
50.86
12,273.00
15.34
557
25.26
54.52
42.91
25,913.35
#1 4.03
8,031.50
-2.08
6,481
40.94
43.40
1,199.70
20,487.58
25.94
22,378.30
13.65
567
#1 89.01
39.30
685.75
18,254.67
27.31
21,917.60
9.77
571
88.29
26.97
160.92
15,134.78
25.97
11,131.00
-13.52
728
-33.71
39.79
404.10
14,862.18
29.16
13,022.80
-4.57
487
-22.38
40.10
839.85
#9 14,427.58
#8 31.22
#8 9,152.60
#2 17.86
#10 373
#3 49.17
56.70
1,205.30
14,017.59
29.92
2,428.60
#1 48.22
378
10.40
40.06
Growth Rate
Revenue Growth
17.86 %
Net Income Growth
36.14 %
Cash Flow Change
-71.22 %
ROE
10.98 %
ROCE
2.21 %
EBITDA Margin (Avg.)
-1.08 %

Quarterly Financial Results

Quarterly Financials
Mar 2010
Jun 2010
Sept 2010
Dec 2010
Mar 2011
Jun 2011
Sept 2011
Dec 2011
Mar 2012
Dec 2012
Mar 2013
Jun 2013
Sept 2013
Dec 2013
Mar 2014
Jun 2014
Sept 2014
Dec 2014
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
360
355
348
414
467
428
392
434
505
388
434
412
381
385
384
428
408
607
597
734
690
1,069
977
838
454
695
531
500
477
591
664
659
627
646
599
712
715
715
750
405
559
814
996
832
834
1,004
1,183
1,109
1,072
1,341
1,639
1,845
1,625
2,032
2,279
2,398
2,013
2,253
2,489
2,564
2,214
Expenses
321
314
312
375
426
382
348
390
447
350
388
360
341
333
355
387
393
493
680
682
645
998
907
776
406
642
464
435
411
518
594
571
543
555
590
630
636
643
696
370
554
721
870
747
761
918
1,090
1,008
975
1,223
1,491
1,671
1,452
1,812
2,037
2,160
1,809
2,039
2,221
2,310
1,972
EBITDA
40
40
36
39
40
46
44
45
58
38
47
52
40
51
29
41
15
114
-82
53
46
72
70
62
48
54
67
65
66
73
71
88
84
91
8
82
79
72
54
35
5
93
126
85
73
87
93
101
97
118
147
174
173
220
242
237
204
214
268
254
242
Operating Profit %
10 %
11 %
9 %
9 %
8 %
11 %
11 %
10 %
11 %
9 %
7 %
11 %
9 %
12 %
7 %
7 %
3 %
4 %
-16 %
7 %
6 %
6 %
7 %
7 %
10 %
6 %
11 %
11 %
13 %
10 %
9 %
13 %
13 %
13 %
-0 %
11 %
10 %
9 %
6 %
7 %
-0 %
9 %
12 %
9 %
6 %
8 %
7 %
8 %
6 %
8 %
9 %
9 %
10 %
10 %
10 %
9 %
9 %
9 %
10 %
9 %
9 %
Depreciation
10
12
10
10
9
10
12
11
11
12
11
11
11
12
9
11
13
10
10
11
8
7
11
13
12
10
14
13
14
17
15
19
16
15
19
23
24
24
25
25
27
25
24
24
27
27
26
25
28
30
31
45
53
56
54
49
47
45
51
41
43
Interest
22
24
22
24
24
25
28
28
31
30
29
32
32
35
31
36
36
33
37
36
33
32
25
23
21
20
21
22
23
22
23
22
24
27
28
31
32
33
35
33
33
34
38
36
36
34
36
35
39
40
51
51
52
58
57
53
57
57
62
50
53
Profit Before Tax
7
5
3
5
8
11
4
6
16
1
9
10
-1
6
-11
-5
-29
72
-128
6
5
33
35
26
15
24
32
30
30
34
33
47
44
49
-38
28
24
15
-7
-23
-55
34
64
25
11
26
32
41
30
47
65
79
68
106
130
135
100
112
155
164
146
Tax
3
4
3
1
4
6
2
-6
4
-1
4
5
2
4
-1
-3
-7
18
-32
2
1
3
13
17
7
12
17
9
11
17
4
18
16
16
-3
11
2
4
-1
-6
-5
4
11
7
-4
6
15
11
10
11
28
27
14
27
41
35
28
25
42
26
39
Net Profit
5
1
0
4
4
5
2
12
12
1
6
5
-3
3
-10
-2
-22
54
-97
3
4
30
22
9
8
12
15
21
19
18
28
29
27
34
-35
17
22
11
-6
-17
-50
30
53
18
15
20
17
30
20
37
38
52
54
79
90
100
72
87
114
137
108
EPS in ₹
3.98
0.45
0.34
3.38
3.42
4.03
1.40
10.75
10.38
1.20
4.84
4.00
-2.90
2.15
-8.91
-2.08
-17.30
34.81
-62.31
0.20
0.27
1.94
1.40
0.60
0.51
0.77
0.98
1.34
1.23
1.15
1.61
1.67
1.59
2.00
-2.05
0.97
1.26
0.60
-0.32
-0.99
-2.90
1.75
3.06
1.04
0.87
1.14
0.95
1.75
1.15
2.13
2.20
3.04
3.12
4.56
5.21
5.83
4.19
5.07
6.61
7.99
6.27

Balance Sheet

Balance Sheet
2015
2016
2017
2019
2020
2021
2022
2023
2024
2025
Total Assets
2,445
1,881
2,396
2,597
3,127
3,192
3,616
5,017
5,917
6,505
Fixed Assets
349
385
462
529
624
601
655
848
1,081
1,074
Current Assets
1,798
1,152
1,673
1,913
2,082
2,190
2,620
3,683
4,552
5,103
Capital Work in Progress
3
6
39
7
5
53
2
117
10
21
Investments
0
1
1
1
255
194
113
45
5
42
Other Assets
2,093
1,489
1,895
2,060
2,243
2,344
2,847
4,007
4,821
5,367
Total Liabilities
2,445
1,881
2,396
2,597
3,127
3,192
3,616
5,017
5,917
6,505
Current Liabilities
1,918
1,278
1,741
1,523
1,967
1,967
2,326
3,538
4,213
4,475
Non Current Liabilities
19
50
37
51
104
156
156
237
207
191
Total Equity
508
553
618
1,023
1,055
1,069
1,135
1,242
1,498
1,838
Reserve & Surplus
493
537
602
1,004
1,035
1,049
1,114
1,220
1,477
1,816
Share Capital
16
16
16
17
17
17
17
17
17
17

Cash Flow

Cash Flow
2015
2016
2017
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
59
83
-49
-24
147
-110
258
61
163
-251
Investing Activities
-104
-20
-157
-133
-87
-51
-25
-438
-419
-245
Operating Activities
465
326
68
-134
447
191
339
471
704
203
Financing Activities
-302
-222
40
244
-212
-250
-56
28
-123
-209

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
46.63 %
67.46 %
67.46 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
14.43 %
0.00 %
17.07 %
20.00 %
20.99 %
17.04 %
13.95 %
9.21 %
8.36 %
DIIs
20.33 %
19.60 %
15.26 %
13.02 %
12.31 %
11.62 %
8.37 %
5.64 %
5.07 %
4.57 %
3.38 %
1.43 %
1.83 %
2.44 %
2.32 %
2.61 %
6.15 %
0.79 %
0.72 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
19.39 %
20.32 %
24.84 %
25.54 %
27.10 %
28.17 %
25.80 %
25.94 %
27.14 %
26.93 %
27.55 %
29.26 %
27.16 %
25.19 %
24.67 %
24.68 %
23.27 %
17.71 %
18.19 %
Others
13.64 %
13.45 %
13.26 %
14.81 %
13.96 %
13.58 %
19.20 %
21.78 %
21.15 %
21.86 %
8.01 %
22.67 %
7.30 %
5.74 %
5.38 %
9.03 %
9.99 %
4.83 %
5.27 %
No of Share Holders
44,245
54,096
56,361
49,003
55,390
55,360
47,476
46,637
49,858
57,196
73,005
76,050
78,347
86,975
1,08,988
1,07,317
1,02,140
92,686
98,422

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.4 0.00 0.4 0.3 0.12 0.45 0.75 1.7 2
Dividend Yield (%) 0.00 0.25 0.00 1.34 0.39 0.19 0.43 0.22 0.31 0.24

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
16 Sept 2021 DIVIDEND Dividend
₹ 0.12 /share
14 Sept 2021 84.35 83.60
16 Sept 2022 DIVIDEND Dividend
₹ 0.45 /share
14 Sept 2022 60.30 113.80
22 Sept 2022 ANNUAL GENERAL MEETING Annual General Meeting
NA
22 Sept 2022 84.60 115.70
22 Aug 2023 DIVIDEND Dividend
₹ 0.75 /share
21 Aug 2023 144.55 206.75
22 Aug 2024 DIVIDEND Dividend
₹ 1.70 /share
21 Aug 2024 400.70 546.95
28 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
28 Aug 2024 400.70 557.00
07 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Nov 2024 532.80 563.75
12 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Feb 2025 528.10 524.35
13 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 May 2025 481.25 543.10
30 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Jul 2025 818.00 764.10
31 Jul 2025 DIVIDEND Dividend
₹ 2.00 /share
31 Jul 2025 543.10 785.50
07 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
07 Aug 2025 810.75 739.00
30 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Oct 2025 797.85 846.35

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication3 days ago
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sNov 05, 2025
Announcement under Regulation 30 (LODR)-Resignation of Statutory AuditorsNov 05, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementNov 05, 2025
Board Meeting Outcome for Outcome Of Board MeetingNov 05, 2025
Announcement under Regulation 30 (LODR)-AcquisitionNov 04, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 31, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationOct 30, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 30, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 30, 2025
Board Meeting Outcome for Outcome Of Board MeettingOct 30, 2025
Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025Oct 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 23, 2025
Board Meeting Intimation for Intimation For Board Meeting For Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025.Oct 22, 2025
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As AmendedOct 18, 2025
Intimation Of Change Of Name Of The Wholly Owned Subsidiary Of The CompanyOct 10, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As AmendedSep 26, 2025
Closure of Trading WindowSep 26, 2025
Intimation Of Change In The Logo And Website Of The CompanySep 23, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 19, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 18, 2025
Change Of Name Of The Company From ITD Cementation India Limited To Cemindia Projects LimitedSep 03, 2025
Announcement under Regulation 30 (LODR)-Credit RatingAug 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Announcement under Regulation 30 (LODR)-Change of Company NameAug 20, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 12, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 08, 2025
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationAug 07, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 07, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As AmendedAug 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 31, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 30, 2025
Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 30, 2025
Board Meeting Outcome for Board Meeting Outcome For Outcome Board MeetingJul 30, 2025
Announcement under Regulation 30 (LODR)-Credit RatingJul 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 24, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2025 As AmendedJul 23, 2025
Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 22, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 16, 2025
Disclosure Under Regulation 36 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Jul 15, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 15, 2025
Reg. 34 (1) Annual Report.Jul 15, 2025
Annual General Meeting Of The Company To Be Held On Thursday 7Th August 2025 At 2.30 P.M. (IST) Through Video Conference / Other Audio Visual MeansJul 15, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 12, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Bank of India Small Cap Fund Direct-Growth
1.17%
290000
1.17%
1.17%
TRUSTMF Small Cap Fund Direct-Growth
0.63%
89318
0.63%
0.63%
Bank of India Manufacturing & Infrastructure Fund Direct-Growth
0.61%
25000
0.28%
0.60%
Bank of India Multi Cap Fund Direct-Growth
0.21%
25000
0.21%
0.21%
TRUSTMF Multi Cap Fund Direct-Growth
1.22%
24939
0.73%
1.22%
Samco Multi Cap Fund Direct-Growth
0.40%
16963
0.40%
0.30%
ITI Flexi Cap Fund Direct - Growth
1.40%
-5845
-0.13%
0.02%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.57%
2105
-0.02%
-0.30%
Motilal Oswal Quant Fund Direct-Growth
1.15%
-211
-0.05%
0.08%
Groww Nifty Total Market Index Fund Direct - Growth
0.02%
7
0.00%
-0.01%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.02%
-4
0.00%
-0.01%
Angel One Nifty Total Market Index Fund Direct - Growth
0.02%
3
0.00%
-0.01%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.02%
2
0.00%
-0.01%
Edelweiss Aggressive Hybrid Fund Direct - Growth
0.00%
0
0.00%
0.00%
Bank of India Large & Mid Cap Fund Direct-Growth
0.00%
0
0.00%
0.00%
Bandhan Infrastructure Fund Direct Plan-Growth
0.00%
0
0.00%
0.00%
Motilal Oswal Multi Cap Fund Direct - Growth
0.00%
0
0.00%
0.00%
Union Business Cycle Fund Direct - Growth
0.00%
0
0.00%
0.00%
Samco Active Momentum Fund Direct - Growth
0.00%
0
0.00%
-1.14%
Edelweiss Balanced Advantage Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Equity Savings Fund Direct-Growth
0.00%
0
0.00%
0.00%
Motilal Oswal Business Cycle Fund Direct-Growth
0.00%
0
0.00%
0.00%
Bandhan Business Cycle Fund Direct-Growth
0.00%
0
0.00%
0.00%
Union Active Momentum Fund Direct-Growth
0.00%
0
0.00%
-1.37%
Union Children's Fund Direct - Growth
0.00%
0
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
50.05
ATR(14)
Less Volatile
27.09
STOCH(9,6)
Oversold
16.28
STOCH RSI(14)
Neutral
32.21
MACD(12,26)
Bearish
-4.54
ADX(14)
Weak Trend
9.37
UO(9)
Bearish
47.11
ROC(12)
Downtrend And Accelerating
-0.03
WillR(14)
Neutral
-57.04