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Cemindia Projects Ltd.

CEMPROIndustrials filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

17 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (2 of 17 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202208222022-06-30yes
TRANSCRIPT202211152022-09-30yes
TRANSCRIPT202302142022-12-31yes
TRANSCRIPT202305302023-03-31yes
ANALYST_MEET202308102023-06-30yes
ANALYST_MEET202311142023-09-30yes
TRANSCRIPT202402132023-12-31yes
TRANSCRIPT202405312024-03-31yes
TRANSCRIPT202408122024-06-30yes
TRANSCRIPT202411122024-09-30yes
TRANSCRIPT202502182024-12-31yes
TRANSCRIPT202505162025-03-31yes
TRANSCRIPT202508042025-06-30yes
COVER_LETTER202511042025-09-30no
COVER_LETTER202602092025-12-31no
TRANSCRIPT202605042026-03-31yes
TRANSCRIPT202608042026-06-30yes

CEMPRO

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,268.50
52-week range509.7 – 1639.6
Return 1M-0.89%
Return 3M4.54%
Return 1Y58.85%
Return 3Y490.82%
Return 5Y1527.33%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations2,721.00
Other income10.00
Total income2,731.00
Cost of materials consumed846.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense242.00
Finance costs50.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.670.00
institutions foreign0.07-0.00
institutions domestic0.030.01
mutual funds0.020.01
public0.330.00

Documents on file

ClassMost recentOn file
ANALYST_MEET2023-09-302
COVER_LETTER2025-12-312
TRANSCRIPT2026-06-3013

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,098.001,035.001,327.001,631.001,833.001,610.002,017.002,258.002,381.001,991.002,245.002,542.002,175.002,315.002,973.002,721.00
Other income9.0012.001.007.009.006.0012.0021.0016.0022.008.0015.0039.0023.0092.0010.00
Total income1,106.001,047.001,328.001,639.001,841.001,616.002,029.002,279.002,397.002,013.002,252.002,557.002,214.002,339.003,066.002,731.00
Cost of materials consumed388.00305.00430.00648.00631.00629.00792.00868.00879.00640.00762.00896.00719.00717.001,021.00846.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee benefit expense116.00114.00123.00130.00144.00156.00154.00165.00173.00169.00174.00196.00202.00238.00234.00242.00
Finance costs35.0039.0040.0051.0051.0052.0058.0057.0053.0057.0057.0050.0053.0050.0061.0050.00
Depreciation and amortisation25.0028.0030.0031.0045.0053.0056.0054.0049.0047.0045.0041.0043.0043.0039.0043.00
Other expenses505.00555.00670.00708.00896.00667.00866.001,005.001,107.001,000.001,103.001,217.001,051.001,139.001,360.001,358.00
Total expenses1,068.001,042.001,293.001,567.001,767.001,557.001,926.002,149.002,262.001,913.002,140.002,400.002,068.002,186.002,716.002,539.00
Profit before exceptional items and tax38.005.0035.0072.0074.0060.00103.00130.00135.00100.00112.00156.00146.00152.00350.00192.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax38.005.0035.0072.0074.0060.00103.00130.00135.00100.00112.00156.00146.00152.00350.00192.00
Current tax10.0011.009.0029.0034.0024.0032.0039.0038.0032.0031.0032.0036.0045.00102.0055.00
Deferred tax1.00-1.001.00-2.00-8.00-9.00-5.002.00-3.00-4.00-6.00-6.002.00-4.006.00-3.00
Tax expense11.0010.0010.0028.0026.0014.0027.0041.0035.0028.0025.0026.0039.0041.00108.0052.00
Profit for the period30.0020.0037.0038.0052.0054.0079.0090.00100.0072.0087.00137.00108.00111.00242.00141.00
Profit attributable to owners30.0020.0037.0038.0052.0054.0078.0090.00100.0072.0087.00137.00108.00111.00242.000.00
Profit attributable to non-controlling interests0.000.000.00-0.000.000.000.000.00-0.000.000.00-0.000.000.000.000.00
Other comprehensive income-5.00-5.000.00-0.001.00-6.000.000.00-5.00-0.001.00-5.007.002.00-2.003.00
Total comprehensive income25.0015.0037.0038.0053.0048.0079.0090.0095.0072.0088.00133.00115.00113.00240.00144.00
Earnings per share, basic1.751.152.132.203.043.124.565.215.834.195.077.996.276.4514.108.20
Earnings per share, diluted1.751.152.132.203.043.124.565.215.834.195.077.996.276.4514.108.20

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312026-03-31
Revenue from operations2,861.002,728.003,809.005,091.007,718.0010,061.00
Other income5.0012.0012.0029.0048.00177.00
Total income2,865.002,740.003,821.005,120.007,766.0010,238.00
Cost of materials consumed1,066.00853.001,239.001,771.002,919.003,355.00
Purchases of stock-in-trade0.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.00
Employee benefit expense346.00345.00373.00482.00619.00883.00
Finance costs130.00138.00142.00165.00218.00215.00
Depreciation and amortisation96.00100.00103.00114.00208.00166.00
Other expenses1,153.001,316.001,904.002,438.003,434.004,801.00
Total expenses2,792.002,753.003,760.004,970.007,399.009,420.00
Profit before exceptional items and tax73.00-13.0061.00150.00367.00818.00
Exceptional items-41.000.000.000.000.000.00
Profit before tax32.00-13.0061.00150.00367.00818.00
Current tax12.008.0026.0059.00129.00221.00
Deferred tax4.00-4.00-2.00-0.00-20.00-1.00
Tax expense16.004.0024.0059.00109.00220.00
Profit for the period44.0016.0069.00125.00274.00598.00
Profit attributable to owners43.0016.0069.00124.00274.00598.00
Profit attributable to non-controlling interests1.000.001.000.000.000.00
Other comprehensive income-3.002.00-1.00-10.00-5.003.00
Total comprehensive income41.0018.0068.00115.00270.00601.00
Earnings per share, basic2.510.924.017.2315.9334.79
Earnings per share, diluted2.510.924.017.2315.9334.79

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-09-302026-03-31
Total assets4,054.005,017.005,406.005,917.006,146.006,673.007,086.00
Non-current assets1,150.001,333.001,431.001,365.001,422.001,427.001,456.00
Current assets2,903.003,683.003,976.004,552.004,724.005,236.005,631.00
Property, plant and equipment749.00845.00997.001,081.001,039.001,120.001,162.00
Capital work-in-progress39.00117.00133.0010.005.0025.0022.00
Goodwill0.000.000.000.000.000.000.00
Other intangible assets3.002.001.001.000.000.000.00
Inventories469.00577.00638.00684.00659.00710.00751.00
Trade receivables727.001,080.00921.001,211.001,240.001,372.001,295.00
Cash and cash equivalents224.00446.00291.00609.00263.00449.00475.00
Total equity and liabilities4,054.005,017.005,406.005,917.006,146.006,673.007,086.00
Equity1,167.001,241.001,330.001,498.001,636.002,051.002,400.00
Equity share capital17.0017.0017.0017.0017.0017.0017.00
Other equity1,146.001,220.001,308.001,477.001,614.002,029.002,382.00
Total liabilities2,887.003,775.004,077.004,419.004,510.004,622.004,687.00
Non-current liabilities175.00237.00196.00206.00207.00176.00180.00
Current liabilities2,711.003,538.003,881.004,213.004,303.004,446.004,507.00
Borrowings, non-current102.00168.00121.00133.00127.00107.0093.00
Borrowings, current457.00556.00628.00729.00823.00852.00774.00
Trade payables1,066.001,334.001,393.001,647.001,535.001,470.002,190.00

Cash flow, as filed

Line2022-03-312022-09-302023-03-312023-09-302024-03-312024-09-302025-09-302026-03-31
Net cash from operating activities339.007.00471.00191.00704.00-238.00279.00500.00
Net cash from investing activities-25.00-141.00-438.00-250.00-419.00-45.00-77.00-149.00
Net cash from financing activities-56.00-27.0028.00-97.00-123.00-62.00-111.00-243.00
Purchase of property, plant and equipment111.00213.00418.00239.00356.0081.00138.00264.00
Net increase in cash258.00-161.0061.00-156.00162.00-346.0091.00110.00
con:CFO.BEFORE_TAX398.0051.00572.00249.00782.00-194.00325.00666.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING59.0044.00101.0059.0077.0044.0045.00166.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS16.0022.0016.008.0021.0050.008.0038.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group46.6446.6446.6446.6446.6446.6446.6446.6446.6467.460.670.670.670.67
Domestic institutions5.074.573.381.951.832.442.322.616.150.790.010.010.020.03
Mutual funds—————————0.440.000.010.010.02
Insurance companies0.000.000.270.130.000.020.020.000.52—0.000.000.000.00
Foreign institutions12.2313.4614.4313.9017.0720.0020.9917.0413.959.210.080.080.070.07
Government—————————————0.00
Public53.3653.3653.3653.3653.3653.3653.3653.3653.3632.540.330.330.330.33
Non-institutional36.0635.3435.5637.5234.4730.9330.0533.7133.2722.540.230.230.230.22
Shares outstanding171787584171787584171787584171787584171787584171787584171787584171787584171787584171787584171787584171787584171787584171787584

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Italian-Thai Development Public Co. LimitedParent CompanyAny other transaction213,398,000.002
CEC-ITD Cem-TPL JVUnincorporated entity (joint ventuAny other transaction, Purchase of fixed assets, Pur73,057,000.003
ITD Cem - BBJ JVUnincorporated entity (joint ventuAny other transaction, Sale of goods or services67,344,000.002
ITD Cemindia JVUnincorporated entity (joint ventuAny other transaction, Purchase of fixed assets, Pur44,505,000.004
Santi JongkongkaKey managerial personnelRemuneration38,862,000.001
Jayanta BasuKey managerial personnelRemuneration33,205,000.001
ITD Cem - Maytas ConsortiumUnincorporated entity (joint ventuAny other transaction28,319,000.002
Prasad PatwardhanKey managerial personnelRemuneration11,869,000.001
Rahul NeogiKey managerial personnelRemuneration5,979,000.001
ITD Cementation India Limited-Transrail Lighting Limited JVUnincorporated entity (joint ventuAny other transaction26,000.002
ITD-ITD Cem JV (Consortium of ITD-ITD Cementation)Unincorporated entity (joint ventuAny other transaction-235,000.002
ITD-ITD Cem JVUnincorporated entity (joint ventuAny other transaction, Purchase of goods or services-38,983,000.003

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-04Q1FY27CEMINDIA PROJECTS LIMITEDRead the call
2026-05-04Q4FY26CEMINDIA PROJECTS LIMITED, CEMINDIAPROJECTS LIMITEDRead the call
2025-08-04Q1FY26CEMENTATION INDIA LIMITED, ITD CEMENTATION INDIA LIMITEDRead the call
2025-05-16Q4FY25CEMENTATION INDIA LIMITEDRead the call
2025-02-18Q3FY25CEMENTATION INDIA LIMITEDRead the call
2024-11-12Q2FY25CEMENTATION INDIA LIMITEDRead the call
2024-08-12Q1FY25CEMENTATION INDIA LIMITEDRead the call
2024-05-31Q4FY24CEMENTATION INDIA LIMITEDRead the call
2024-02-13Q3FY24Read the call
2023-11-14Q2FY24Read the call
2023-08-10Q1FY24Read the call
2023-05-30Q4FY23Read the call
2023-02-14Q3FY23CEMENTATION INDIA LIMITEDRead the call
2022-11-15Q2FY23Read the call
2022-08-22Q1FY23Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ2FY25Q3FY23Q3FY24Q3FY25Q4FY23Q4FY24Q4FY25Q4FY26
CapexAnd regarding your other capex issue, so far, our capex is around INR67 crores this quarter.And last bookkeeping question, sir, what is our capex target for FY'24?On the domestic front, a lot of companies have increasing their CapEx on port development.And in terms of the execution capability, what we need, we need some capex involvement.In terms of capex it has been on a higher side this year more than 400.And if the stage that we have today, we have to contain our capex within a limit.And sir, lastly, on the capex number for this year?And lastly, the capex number if you can give, which we are planning for FY27?
Capital allocationJayanta Basu Well, your first question was that how our other clients will view this merger or acquisition.——So my first question was regarding the acquisition of open offer.I understand on Q4 part usually divestment needs to be done but overall as a year itself we have paid more tax.——And sir, why was no dividend declared this year?
Costs——Sir, one thing just wanted to understand is what is our core strength on a cost structure which make us competitive international market because we ha…————Just wanted to understand on the expense side there is a lot of increase on the raw material side especially we are seeing a lot of inflation -- infla…
Debt and cashSo in the first half of this current financial year, we've seen working capital increase very dramatically compared to first half of the previous year…So the net debt is about INR 460 crores, INR 470 crores.And in terms of, Mr. Patwardhan, regarding working capital cycle.Our balance sheet continues to be underleveraged, and the net debt-to-equity ratio is about 0.4x.In our cash flow we see Rs 2,800 Crores of impairment allowance on non-financial asset so is it the same or is it something different?Our balance sheet continues to be extremely healthy and the net debt-to-equity ratio is under 0.2x.Sometimes, we'll feel the cash flow is not adequate.So that is just a humble submission that now since you are in hands of the India's one of the best groups, and we would like to see the industry-leadi…
DemandWe have got closely around INR30,000 crores of jobs under pipeline in various stages.Our new order booking in this year, in the 9 months ending December '22 has been nearly INR 8,000 crores.If I look at say December 2022 end, our order book was comprising about 67% from this businesses, which has increased to about like 73%.So that is also a good order book for us in last quarter.Understood and Sir you mentioned order inflow target of around Rs 8,000 Crores again so do we have any preference regarding the segments where it will…And our order book as of March '24 is a little under INR20,000 crores.What sort of order pipeline we are seeing in this year?April 30, 2026 Now I will hand over the mic to Mr. Basu, who will touch upon the operational performance of the company and the order book related pos…
GuidanceWe expect by June, July, next year, the work will be completed substantially.If you see, if you recall our last concalls, we expect that margin will improve from next year, that is quarter 1, quarter 2 of next year, and we expe…And now with this legacy orders being more or less over, do we expect similar margin trajectory for this year as well as next year?And then this 20%, 25% revenue guidance which you have given for 2, 3 years, I mean, this still holds ex of Bangladesh also?Thanks for the opportunity and congrats on a very good set of Q4 so going forward what will you guide for FY2023 in terms of revenue EBITDA margins, P…At this juncture, will you be able to provide some kind of a guidance for FY '25 in terms of revenue growth, margins, and the order inflows?And what sort of number do we expect from there in this year?Can you explain, because you have been guiding 10% EBITDA margin?
MarginThe EBITDA at INR442 crores has grown by 27%.EBITDA has also grown by nearly 30% on a year-on-year basis and is coming at INR 316 crores.EBITDA margin stood at 10.9% as against 8.9% a year ago.EBITDA margin for the 9-month period stands at 9.9%.EBITDA will be around this maybe we will touch double digit end of the year and order inflow last year we have secured Rs 8,000 Crores job, this year …Our EBITDA has also grown by about 75% during the year.We have seen a gradual improvement in our EBITDA margins, and we hope to continue with that trend in the next year as well.And for this quarter, margin, if I exclude other income, it is showing 12%.
People—————Would there be any further hiring that would sort of make the employee expenses more proportionate to last year?——
Pricing———And the depreciation of rupees, while pricing will take care of that forex portion.—How has the behaviour been versus peers in terms of how they're pricing?——
Revenue growthWe have reported total income of INR1,991 crores, which represents a growth of 24% on a year- on-year basis.So that represents a growth of about 33% revenue.Total operating income for the quarter was INR 2,017 crores as against INR 1,327 crores, which represents a growth of 52% YoY.Now coming to our numbers, which we announced yesterday for Q3 FY '25 and we have reported a top line of INR2,250 crores approximately as against INR2…I think we would maintain the same run rate in terms of the topline because we have got work in hand and those need to be executed during the given ti…We have had a very satisfying performance during the quarter and a very stellar performance has been reported for the year ending FY24. For the quarte…—The total operating income INR2,973 crores in FY26 against INR2,532 crores, which is a growth of around 17% on year-on-year basis.