Nirman Cements
In the Dec 2025 quarter, revenue rose 28.8% year on year to ₹1,873 Cr and net profit was ₹109 Cr, against ₹68 Cr a year earlier (compared with Dec 2024). Promoters held 41.09% of Nirman Cements in Dec 2025, down 0.03 percentage points from Sep 2025.
Peer Comparison
Commodities › Cement & Cement Products
| ₹11,188.00 | 37.46 | 3,29,687 Cr | 4.48 | 2.15% | 10.15% | 11.90% | 96,038 Cr | 8,834 Cr | |
| ₹2,909.40 | 35.16 | 1,97,996 Cr | 1.90 | 0.34% | 6.06% | 6.58% | 1,85,259 Cr | 11,261 Cr | |
| ₹352.10 | 19.75 | 87,490 Cr | 1.47 | 0.57% | 7.85% | 4.60% | 40,634 Cr | 5,222 Cr | |
| ₹23,235.00 | 51.43 | 83,834 Cr | 3.51 | 0.64% | 7.50% | 10.23% | 23,602 Cr | 1,637 Cr | |
| ₹4,941.00 | 40.38 | 38,178 Cr | 5.20 | 0.41% | 13.93% | 13.32% | 15,280 Cr | 939 Cr | |
| ₹1,415.00 | 28.45 | 26,541 Cr | 1.48 | 0.26% | 6.39% | 6.98% | 15,370 Cr | 953 Cr | |
| ₹1,140.70 | 11.22 | 21,421 Cr | 1.04 | 0.65% | 10.40% | 10.42% | 25,435 Cr | 1,908 Cr | |
Nirman Cements (this company) | — | — | — | — | — | — | — | 6,507 Cr | 534 Cr |
| Median 8 companies | ₹2,909.40 | 35.16 | 83,834 Cr | 1.90 | 0.57% | 7.85% | 10.23% | 24,519 Cr | 1,773 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Weaknesses
2- Company has low interest coverage ratio.
- Company has a low return on equity of 0.32% over last 3 years.
Growth Rate
change over 1 year
change over 1 year
Quarterly Results
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,220 | 1,384 | 1,543 | 1,305 | 1,391 | 1,660 | 1,632 | 1,505 | 1,454 | 1,749 | 1,764 | 1,948 | 1,873 |
| Expenses | 1,028 | 1,196 | 1,277 | 1,103 | 1,133 | 1,357 | 1,307 | 1,207 | 1,199 | 1,437 | 1,437 | 1,567 | 1,541 |
| Operating Profit | 192 | 188 | 266 | 201 | 258 | 303 | 325 | 298 | 255 | 312 | 327 | 382 | 331 |
| OPM % | 16% | 14% | 17% | 15% | 19% | 18% | 20% | 20% | 18% | 18% | 19% | 20% | 18% |
| Other Income | 7 | 11 | 7 | 8 | -24 | 23 | 18 | 19 | 11 | 36 | 39 | 13 | -13 |
| Interest | 57 | 64 | 76 | 74 | 82 | 97 | 101 | 118 | 133 | 131 | 139 | 136 | 128 |
| Depreciation | 26 | 26 | 27 | 30 | 31 | 31 | 30 | 33 | 37 | 39 | 40 | 42 | 43 |
| PBT | 117 | 109 | 170 | 105 | 122 | 198 | 211 | 166 | 95 | 179 | 187 | 216 | 148 |
| Tax % | 24% | 27% | 26% | 26% | 26% | 26% | 26% | 25% | 28% | 29% | 26% | 26% | 26% |
| Net Profit | 88 | 79 | 126 | 78 | 89 | 147 | 156 | 125 | 68 | 127 | 139 | 159 | 109 |
| EPS (₹) | 6.09 | 5.45 | 8.67 | 5.38 | 6.2 | 10.25 | 10.98 | 8.79 | 4.91 | 9.03 | 9.77 | 11.18 | 7.66 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Sales | 0.65 | 1.88 | 2.95 | 1.82 | 1.41 |
| Expenses | 1.46 | 2.39 | 2.17 | 1.76 | 1.31 |
| Operating Profit | -0.81 | -0.51 | 0.78 | 0.06 | 0.1 |
| OPM % | -124.62% | -27.13% | 26.44% | 3.3% | 7.09% |
| Other Income | 0.4 | 0.59 | 0.11 | 0.84 | 0.23 |
| Interest | 0.12 | 0.15 | 0.31 | 0.18 | 0.39 |
| Depreciation | 0.21 | 0.26 | 0.37 | 0.39 | 0.43 |
| PBT | -0.74 | -0.33 | 0.21 | 0.33 | -0.49 |
| Tax % | 0% | 0% | 0% | 0% | 2.04% |
| Net Profit | -0.74 | -0.33 | 0.21 | 0.33 | -0.5 |
| EPS (₹) | -1.78 | -0.79 | 0.5 | 0.79 | -1.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Equity Capital | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 |
| Reserves | -1.13 | -1.46 | -0.56 | 0.07 | -0.43 |
| Borrowings | 1.39 | 3.58 | 3.56 | 3.23 | 3.61 |
| Other Liabilities | 1.79 | 2.17 | 1.16 | 0.79 | 0.95 |
| Total Liabilities | 6.57 | 8.81 | 8.68 | 8.61 | 8.65 |
| Fixed Assets | 3.26 | 5.28 | 5.16 | 4.97 | 5.38 |
| CWIP | 0.83 | 0 | 0 | 0.66 | 0 |
| Investments | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Other Assets | 2.46 | 3.51 | 3.49 | 2.96 | 3.25 |
| Total Assets | 6.57 | 8.81 | 8.68 | 8.61 | 8.65 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Operating | — | — | 0.49 | 0.82 | 0.72 |
| Investing | — | — | -0.11 | -0.85 | -0.84 |
| Financing | — | — | -0.14 | -0.21 | 0.19 |
| Net Cash Flow | — | — | 0.24 | -0.24 | 0.07 |
| Free Cash Flow | — | — | 0.39 | -0.04 | -0.12 |
| CFO/OP | — | — | 63 | 1,367 | 720 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Debtor Days | 298 | 225 | 33.41 | 24.07 | 2.59 |
| Inventory Days | 301 | 189 | 435 | 533 | 927 |
| Days Payable | 311 | 189 | 262 | 131 | 263 |
| Cash Conversion Cycle | 288 | 225 | 207 | 427 | 667 |
| Working Capital Days | 292 | 239 | 256 | 433 | 575 |
| ROCE % | — | -4.2% | — | 6.65% | -1.29% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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43 extracted metrics + investor summaries across FY06–FY26.
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Company Information
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