Ceigall India

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• DebtHigh safetyRated AA- by India Ratings.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 16% and profit rose 26% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 82% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 19.7 times its yearly earnings (P/E), pricier than 72% of the time in the last 2 years. Its usual P/E is about 18.

Ceigall India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)19.7 against a typical 14.4: pricier than most peers (1st = cheapest).113th of 181
• Sales growth+15.8% against a typical +8.6% from a year earlier.64th of 147
• Profit growth+25.5% against a typical 0% from a year earlier.44th of 130
• Share price, 3 months+13.3% against a typical −13.6%.16th of 164
• Size₹ 6,380.9 Cr. market value against a typical ₹ 148 Cr. (1st = largest).13th of 156

Exchange filings and their impact on the company.

• 21 Oct 2026General UpdatesMedium impactPositivePrice −1% that day
  SPV gets NHAI financial-close nod, clearing Sahebganj-Bettiah highway for construction and debt drawdown.

  Ceigall India said its subsidiary Ceigall Sahebganj Bettiah Highway received NHAI's noting of financial close for its highway project, following its 25 September 2026 update. No project cost, debt or timeline numbers were disclosed in the filing. The milestone clears the project to start construction and draw debt, supporting EPC revenue over the next 12 months and future annuity income.

  Full analysisFiling
• 19 Oct 2026General UpdatesMedium impactPositivePrice −1% on 21 Oct
  Subsidiary signs transmission service agreement for 14 GW interstate evacuation project, locking in new long-term build-operate revenue.

  Ceigall India's wholly owned subsidiary Jam Khambhaliya Jamnagar Power Transmission signed a Transmission Service Agreement with Central Transmission Utility of India on October 19, 2026. The agreement covers development and operation of an interstate system to evacuate power from Lakadia Phase-II (7.5 GW), Khambhaliya Phase-II (5.5 GW) and Jamnagar Phase-I (1 GW) - Part B. This formalizes the transmission project win, bringing construction revenue over the next 2-3 years plus long-term transmission charges, funded by fresh debt and equity in the subsidiary.

  Full analysisFiling
• 19 Oct 2026General UpdatesLow impactPositivePrice +0.6% that day
  Rs 684 cr HAM project provisionally complete, starting annuity and O&M cash flows.

  Ceigall India said its subsidiary Ceigall Jalbehra Shahbad Greenfield Highway received a provisional completion certificate dated October 19, 2026, effective August 27, 2026. The project is a HAM highway with a bid project cost of Rs 684 crore. Completion means construction is largely done and the company will now receive long-term annuity payments plus maintenance revenue from NHAI.

  Full analysisFiling
• 13 Oct 2026General UpdatesLow impactPositivePrice +4.4% that day
  Ceigall JV secures completion certificate for Rs 1,323 cr NHAI highway, unlocking final payments without penalty.

  Ceigall India with Gayatri Projects has received the completion certificate from the Authority's Engineer dated 12 October 2026 for its NHAI EPC highway project worth Rs 1,323.52 crore. The highway has been declared fit for operation with effect from 12 September 2024, within the cure period of the approved extension. This closes out a major ongoing EPC project, enabling final settlements, release of retention money and guarantees, and supporting future bids.

  Full analysisFiling
• 12 Oct 2026AcquisitionMedium impactPositivePrice +4.4% on 13 Oct
  Ceigall buys transmission SPV, adding a new power project pipeline with heavy year-1 capex but little year-1 profit.

  Ceigall India signed a share purchase agreement with REC Power Development and Consultancy on 12 October 2026 to buy 100% of Jam Khambhaliya Jamnagar Power Transmission Limited. The SPV has now become a wholly-owned subsidiary of Ceigall. No deal value or project cost was disclosed, but the move marks Ceigall's entry into power transmission execution, which will need significant capex and debt over the next 12 months while adding to its project pipeline.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ayyalusamy Saravanan

Chief Executive Officer, Additional Whole-Time Director

Kapil Aggarwal

Chief Financial Officer

Megha Kainth

Compliance Officer, Company Secretary

Ramneek Sehgal

Managing Director, Executive Director

Pawan Kumar

Additional Whole-Time Director

Puneet Singh Narula

Whole-Time Director