Ceigall India Ltd
NSE:CEIGALL
Ceigall India Ltd
Ceigall India Ltd is a IN-based company operating in Construction & Engineering industry. The company is headquartered in New Delhi, Delhi and currently employs 2,256 full-time employees. The company went IPO on 2024-08-08. Ceigall India Limited is an India-based engineering, procurement, and construction company. The firm is engaged in undertaking specialized structural work, such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways. The company is engaged in the design and construction of various road and highway projects, including specialized structures across 10 states in India. Its principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects. EPC and HAM projects, the scope of its services includes design and engineering of the project, procurement of raw materials, project execution at site with overall project management up to the commissioning of these projects. The company is also engaged in construction of a tunnel project in Jammu and Kashmir. The firm carries out the maintenance of the projects inter alia lighting, electrical, barrier-related work pursuant to the terms of the agreements.
Ceigall India Ltd is a IN-based company operating in Construction & Engineering industry. The company is headquartered in New Delhi, Delhi and currently employs 2,256 full-time employees. The company went IPO on 2024-08-08. Ceigall India Limited is an India-based engineering, procurement, and construction company. The firm is engaged in undertaking specialized structural work, such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways. The company is engaged in the design and construction of various road and highway projects, including specialized structures across 10 states in India. Its principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects. EPC and HAM projects, the scope of its services includes design and engineering of the project, procurement of raw materials, project execution at site with overall project management up to the commissioning of these projects. The company is also engaged in construction of a tunnel project in Jammu and Kashmir. The firm carries out the maintenance of the projects inter alia lighting, electrical, barrier-related work pursuant to the terms of the agreements.
Strong Revenue Growth: Ceigall India reported stand-alone Q3 revenue of INR 970 crores, up 19.7% year-on-year, and consolidated Q3 revenue of INR 991 crores, up 19.3% YoY.
Order Book Expansion: The total order book stands at INR 13,290 crores, with strong order inflow of INR 1,403 crores in Q3, providing solid revenue visibility.
Diversification Gains: The company has increased exposure beyond roads and highways, with renewables now at INR 3,168 crores in orders, and expanding into industrial infrastructure and T&D.
Profitability Maintained: Q3 stand-alone EBITDA margin was 12.3%, and PAT margin was 7.7%. Management said new segments will match historical margin levels.
Capital Recycling: The board approved the divestment of a major HAM asset, targeting to close the deal and receive funds by March, to redeploy capital into core business and growth areas.
Guidance Affirmed: Management reiterated targeted revenue growth of 10% to 15% for the coming year and order inflow guidance of INR 5,800 crores for FY '27.
International Foray: Initial steps have been taken to expand globally, with a Singapore subsidiary incorporated and project bids in Southeast Asia and the Middle East.
Balance Sheet & Cash: Stand-alone debt is INR 552 crores; consolidated debt is INR 1,421 crores; cash (including FD) is INR 235 crores as of December.
