{"id":300088,"date":"2026-10-09T18:21:45","date_gmt":"2026-10-09T12:51:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=300088"},"modified":"2026-10-09T18:21:45","modified_gmt":"2026-10-09T12:51:45","slug":"niraj-cement-structurals-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/","title":{"rendered":"Niraj Cement Structurals Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Niraj Cement Structurals share price Rs 27.28 (9 October 2026). Base target Rs 33.5, bull Rs 40.1, downside risk Rs 22.3. PE 7.03. 52W range Rs 20.15 to Rs 45.99.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Niraj Cement Structurals share price target for 2027 is Rs 33.5, about 22.8% above the current price of Rs 27.28. The bull case is Rs 40.1, and the downside risk level, which is not a target, is Rs 22.3. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 20.9%, with the stock holding its PE of 7.03. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Niraj Cement Structurals target price for 2027 should start with where the stock sits today. At Rs 27.28 on 9 October 2026, it is 40.7% below its 52-week high of Rs 45.99 and 35.4% above its 52-week low of Rs 20.15. That range spans 128% from low to high, so the entry point matters as much as the Niraj Cement Structurals price forecast itself.<\/p>\n<p>This article builds the Niraj Cement Structurals share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 33.5 base case and the Rs 40.1 bull case were reached, along with a downside risk level of Rs 22.3.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=niraj-cement-structurals-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Niraj_Cement_Structurals_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Niraj Cement Structurals Stock Analysis: Company Overview and Key Stats\">Niraj Cement Structurals Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Why_Is_Niraj_Cement_Structurals_Share_Price_Target_Set_at_Rs_335_for_2027\" title=\"Why Is Niraj Cement Structurals Share Price Target Set at Rs 33.5 for 2027?\">Why Is Niraj Cement Structurals Share Price Target Set at Rs 33.5 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Earnings_Growth_Behind_the_Niraj_Cement_Structurals_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Niraj Cement Structurals Target Price: Five Years of Results\">Earnings Growth Behind the Niraj Cement Structurals Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Valuation_Check_for_the_Niraj_Cement_Structurals_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Niraj Cement Structurals Stock Target: PE, Price to Book and ROE\">Valuation Check for the Niraj Cement Structurals Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Niraj_Cement_Structurals_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Niraj Cement Structurals Share Price Targets for the Short Term and 12 Months\">Niraj Cement Structurals Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Short_Term_Niraj_Cement_Structurals_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Niraj Cement Structurals Stock Target Levels: Technical Setup\">Short Term Niraj Cement Structurals Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#12_Month_Niraj_Cement_Structurals_Target_Price_for_2027\" title=\"12 Month Niraj Cement Structurals Target Price for 2027\">12 Month Niraj Cement Structurals Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Niraj_Cement_Structurals_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Niraj Cement Structurals Target Price\">How EPS Growth and PE Multiple Change the Niraj Cement Structurals Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Niraj_Cement_Structurals_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Niraj Cement Structurals Stock Target in 2027\">Bull Case and Downside Risk for Niraj Cement Structurals Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Bull_Case_Rs_401\" title=\"Bull Case Rs 40.1\">Bull Case Rs 40.1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Downside_Risk_Level_Rs_223\" title=\"Downside Risk Level Rs 22.3\">Downside Risk Level Rs 22.3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Key_Risks_to_the_Niraj_Cement_Structurals_Target_Price_for_2027\" title=\"Key Risks to the Niraj Cement Structurals Target Price for 2027\">Key Risks to the Niraj Cement Structurals Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Niraj_Cement_Structurals_Price_Target\" title=\"Growth Slowdown Risk for the Niraj Cement Structurals Price Target\">Growth Slowdown Risk for the Niraj Cement Structurals Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#How_to_Invest_in_Niraj_Cement_Structurals\" title=\"How to Invest in Niraj Cement Structurals\">How to Invest in Niraj Cement Structurals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#FAQs_on_Niraj_Cement_Structurals_Share_Price_Target_2027\" title=\"FAQs on Niraj Cement Structurals Share Price Target 2027\">FAQs on Niraj Cement Structurals Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_is_the_Niraj_Cement_Structurals_share_price_target_for_2027\" title=\"What is the Niraj Cement Structurals share price target for 2027?\">What is the Niraj Cement Structurals share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_is_the_Niraj_Cement_Structurals_share_price_today\" title=\"What is the Niraj Cement Structurals share price today?\">What is the Niraj Cement Structurals share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Is_Niraj_Cement_Structurals_a_buy_or_sell_at_the_current_price\" title=\"Is Niraj Cement Structurals a buy or sell at the current price?\">Is Niraj Cement Structurals a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Niraj_Cement_Structurals_shares\" title=\"What are the bull case target and downside risk level for Niraj Cement Structurals shares?\">What are the bull case target and downside risk level for Niraj Cement Structurals shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_are_the_main_risks_to_the_Niraj_Cement_Structurals_price_target\" title=\"What are the main risks to the Niraj Cement Structurals price target?\">What are the main risks to the Niraj Cement Structurals price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_is_the_PE_ratio_of_Niraj_Cement_Structurals_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Niraj Cement Structurals and how does it compare with the industry?\">What is the PE ratio of Niraj Cement Structurals and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#Who_owns_Niraj_Cement_Structurals_and_what_is_the_promoter_holding\" title=\"Who owns Niraj Cement Structurals, and what is the promoter holding?\">Who owns Niraj Cement Structurals, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/niraj-cement-structurals-share-price-target-2027\/#What_were_Niraj_Cement_Structurals_latest_quarterly_results\" title=\"What were Niraj Cement Structurals&#8217; latest quarterly results?\">What were Niraj Cement Structurals&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Niraj_Cement_Structurals_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Niraj Cement Structurals Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Niraj Cement Structurals (NSE: NIRAJ) has a market capitalisation of Rs 167 crore. In FY26 it reported revenue of Rs 556.64 crore and net profit of Rs 21.14 crore. The table collects the figures the Niraj Cement Structurals share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/niraj\/niraj-cement-structurals-ltd-share-price-today\">Niraj Cement Structurals<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>NIRAJ<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 27.28<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 45.99<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 20.15<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 167 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>7.03<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>23.12<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>0.63<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>7.95%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.29<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 3.97<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 33.5<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 40.1<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 22.3<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Niraj_Cement_Structurals_Share_Price_Target_Set_at_Rs_335_for_2027\"><\/span><strong>Why Is Niraj Cement Structurals Share Price Target Set at Rs 33.5 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Niraj Cement Structurals stock target of Rs 33.5 applies a PE multiple of 7.03 to a forward EPS estimate of Rs 4.76. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 22.8% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Niraj_Cement_Structurals_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Niraj Cement Structurals Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Niraj Cement Structurals grew revenue from Rs 360.53 crore in FY22 to Rs 556.64 crore in FY26, a compound annual growth rate of 11.5%. Net profit grew faster, from Rs 2.43 crore to Rs 21.14 crore (71.7% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>360.53<\/td>\n<td>2.43<\/td>\n<td>0.62<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>610.17<\/td>\n<td>4.33<\/td>\n<td>1.08<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>478.60<\/td>\n<td>9.72<\/td>\n<td>2.42<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>513.47<\/td>\n<td>15.08<\/td>\n<td>3.51<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>556.64<\/td>\n<td>21.14<\/td>\n<td>3.54<\/td>\n<td>0.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 8.4%, slower than the four-year average of 11.5%, and net profit moved up 40.2%. EPS rose from Rs 2.42 in FY24 to Rs 3.54 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Niraj Cement Structurals converted 3.8% of FY26 revenue into net profit, against 2.9% in FY25, within a five-year range of 0.7% to 3.8%. EBITDA margin was 6.1% in FY26 versus 4.4% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 111.53 crore, up 14.5% from the same quarter a year earlier, while net profit of Rs 3.57 crore was up 257.0%. EBITDA came in at Rs 8.16 crore, up 329.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.29, and shareholders&#8217; equity grew from Rs 179.37 crore in FY22 to Rs 265.92 crore in FY26. Operating cash flow in FY26 was negative at Rs 98 crore against capital expenditure of Rs 5.15 crore, leaving negative free cash flow of Rs 103.15 crore. In FY25 free cash flow was negative at Rs 77.31 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Niraj_Cement_Structurals_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Niraj Cement Structurals Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 7.03 against an industry PE of 23.12, Niraj Cement Structurals trades at a discount to its industry. Price to book is 0.63 on a book value of Rs 44.55 per share, and return on equity is 7.95%. A PE of 7.03 equals an earnings yield of 14.2%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 24.89% of Niraj Cement Structurals in June 2026, and promoter holding has stayed near 24.89% since June 2025. Foreign institutional investors (FII) held 0.00% and domestic institutions (DII) held 0.13%, which puts total institutional holding at 0.13%. FII holding has stayed near 0.00% since June 2025. Public shareholders own the remaining 74.98%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Niraj_Cement_Structurals_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Niraj Cement Structurals Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Niraj_Cement_Structurals_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Niraj Cement Structurals Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 27.28 on 9 October 2026, Niraj Cement Structurals trades below its 50-day simple moving average of Rs 28.45 and below its 200-day exponential moving average of Rs 31.52. The 14-day RSI reads 51.0, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 28.45 (50-day simple moving average) and the nearest support is Rs 20.15 (52-week low). A sustained move above Rs 28.45 would improve the short-term setup, while a close below Rs 20.15 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Niraj_Cement_Structurals_Target_Price_for_2027\"><\/span><strong>12 Month Niraj Cement Structurals Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Niraj Cement Structurals is Rs 33.5: forward EPS of Rs 4.76 at a PE of 7.03. That is 22.8% above Rs 27.28. It would still leave the stock 27.2% below its 52-week high of Rs 45.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Niraj_Cement_Structurals_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Niraj Cement Structurals Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 5.62<\/th>\n<th>PE 7.03<\/th>\n<th>PE 8.08<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 3.97)<\/td>\n<td>Rs 22.3<\/td>\n<td>Rs 27.9<\/td>\n<td>Rs 32.1<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 4.76)<\/td>\n<td>Rs 26.8<\/td>\n<td>Rs 33.5<\/td>\n<td>Rs 38.5<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 4.96)<\/td>\n<td>Rs 27.9<\/td>\n<td>Rs 34.9<\/td>\n<td>Rs 40.1<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Niraj Cement Structurals price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Niraj_Cement_Structurals_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Niraj Cement Structurals Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_401\"><\/span><strong>Bull Case Rs 40.1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Niraj Cement Structurals price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 4.96, and a PE multiple that rises 15% to 8.08. That gives Rs 40.1, 47.0% above the current price and below the 52-week high of Rs 45.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_223\"><\/span><strong>Downside Risk Level Rs 22.3<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 3.97 and the PE falls 20% to 5.62. That gives Rs 22.3, 18.3% below the current price and above the 52-week low of Rs 20.15.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>8.08<\/td>\n<td>Rs 40.1<\/td>\n<td>+47.0%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>7.03<\/td>\n<td>Rs 33.5<\/td>\n<td>+22.8%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>5.62<\/td>\n<td>Rs 22.3<\/td>\n<td>-18.3%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Niraj_Cement_Structurals_Target_Price_for_2027\"><\/span><strong>Key Risks to the Niraj Cement Structurals Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Niraj_Cement_Structurals_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Niraj Cement Structurals Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 14.5% year on year, and FY26 revenue growth was 8.4%. If growth slows from here, the EPS estimate behind the Niraj Cement Structurals stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Niraj Cement Structurals has a market capitalisation of Rs 167 crore. Institutional holding is 0.13%, and promoters hold 24.89%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 3.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 7.03 versus an industry PE of 23.12, a de-rating toward the downside-risk PE of 5.62 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 40.7% below its 52-week high, with an RSI of 51.0 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Niraj_Cement_Structurals\"><\/span><strong>How to Invest in Niraj Cement Structurals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Niraj Cement Structurals share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 27.28 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Niraj Cement Structurals&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Niraj Cement Structurals fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Niraj Cement Structurals target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Niraj Cement Structurals live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Niraj Cement Structurals share price target for 2027 is Rs 33.5 in the base case, with Rs 40.1 as the bull case. The support for that view is arithmetic you can check: EPS grew 20.9% a year over FY24 to FY26, and the stock trades at a PE of 7.03. The risks are equally concrete, including institutional holding of only 0.13% and a downside scenario that cuts the price 18% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Niraj_Cement_Structurals_Share_Price_Target_2027\"><\/span><strong>FAQs on Niraj Cement Structurals Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Niraj_Cement_Structurals_share_price_target_for_2027\"><\/span><strong>What is the Niraj Cement Structurals share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Niraj Cement Structurals share price target for 2027 is Rs 33.5, with Rs 40.1 as the bull case. The downside risk level, which is not a target, is Rs 22.3. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Niraj_Cement_Structurals_share_price_today\"><\/span><strong>What is the Niraj Cement Structurals share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:30 PM IST, Niraj Cement Structurals trades at Rs 27.28, down 0.15% on the day. The 52-week range is Rs 20.15 to Rs 45.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Niraj_Cement_Structurals_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Niraj Cement Structurals a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 20.9% a year over FY24 to FY26, but institutional holding is only 0.13%. Whether Niraj Cement Structurals fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Niraj_Cement_Structurals_shares\"><\/span><strong>What are the bull case target and downside risk level for Niraj Cement Structurals shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 40.1, which assumes 25.0% EPS growth and a PE of 8.08. The downside risk level is Rs 22.3, which assumes flat EPS and a PE of 5.62. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Niraj_Cement_Structurals_price_target\"><\/span><strong>What are the main risks to the Niraj Cement Structurals price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 167 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.13%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Niraj_Cement_Structurals_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Niraj Cement Structurals and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Niraj Cement Structurals is 7.03 against an industry PE of 23.12. Price to book is 0.63 and return on equity is 7.95%. The base case in the Niraj Cement Structurals price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Niraj_Cement_Structurals_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Niraj Cement Structurals, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 24.89% of Niraj Cement Structurals in June 2026. FII held 0.00%, DII held 0.13% and the public held 74.98%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Niraj_Cement_Structurals_latest_quarterly_results\"><\/span><strong>What were Niraj Cement Structurals&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Niraj Cement Structurals reported revenue of Rs 111.53 crore (up 14.5% year on year) and net profit of Rs 3.57 crore (up 257.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Niraj Cement Structurals share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Niraj Cement Structurals share price target for 2027 is Rs 33.5, with Rs 40.1 as the bull case. The downside risk level, which is not a target, is Rs 22.3. 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FII held 0.00%, DII held 0.13% and the public held 74.98%.\"}},{\"@type\":\"Question\",\"name\":\"What were Niraj Cement Structurals' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Niraj Cement Structurals reported revenue of Rs 111.53 crore (up 14.5% year on year) and net profit of Rs 3.57 crore (up 257.0%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Niraj Cement Structurals share price target 2027: base Rs 33.5, bull Rs 40.1, downside risk level Rs 22.3, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":29,"featured_media":300087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-300088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["300087"],"rank_math_title":["Niraj Cement Structurals Share Price Target 2027"],"rank_math_description":["The Niraj Cement Structurals share price target for 2027 is Rs 33.5 versus Rs 27.28 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Niraj Cement Structurals share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/niraj-cement-structurals-share-price-target-2027-base-and-bull-targets-built-on.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=300088"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300088\/revisions"}],"predecessor-version":[{"id":300089,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300088\/revisions\/300089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/300087"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=300088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=300088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=300088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}