Niraj Cement Structurals Limited - Due diligence report

A 360° intelligence report on Niraj Cement Structurals: trust score, financial health, credit view, compliance, directors, growth and distre…

1998-04-01 Mumbai, Maharashtra Active Listed Active Compliant
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NC Niraj Cement Structurals Limited
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Niraj Cement Structurals — 360° Intelligence Report

Generated from MCA filings & public records
67/100
Trust Score
Moderate

Niraj Cement Structurals is assessed as Moderate with a Trust Score of 67/100. Niraj Cement Structurals is an active public limited indian non-government company incorporated in 1998, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 04 Jul 2026 from the latest processed filings. Niraj Cement Structurals Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 65/100 Moderate
  • Profitable - internal accruals available.

Charges position: 5 open (37.39 cr) · 33 satisfied (590.72 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others11 48.0 cr
Canara Bank5 48.0 cr
Union Bank Of India2 48.0 cr
Axis Bank Limited1 48.0 cr
State Bank Of Indore1 48.0 cr
Icici Bank Limited1 48.0 cr
Compliance Score: 42/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 4 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
VINAYKUMAR RAJKUMAR GHUWALEWALA 01234567 Director 01/04/2018 6 yrs Approved
SUDHAKAR BALU TANDALE 01234567 Director 01/04/2018 6 yrs Approved
RATAN UMESH SANIL 01234567 Director 01/04/2018 6 yrs Approved
VISHRAM RUDRE PANDURANG 01234567 Director 01/04/2018 6 yrs Approved
KAVITA SURESH HINDIA 01234567 Director 01/04/2018 6 yrs Approved
DIMPLE DEEPAK GERUJA 01234567 Director 01/04/2018 6 yrs Approved
Anil Anant Jha 01234567 Director 01/04/2018 6 yrs Approved
PARTHA SARATHI RAUT 01234567 Director 01/04/2018 6 yrs Approved
VINAYKUMAR RAJKUMAR GHUWALEWALA 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • VINAYKUMAR RAJKUMAR GHUWALEWALA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
1
Capital events
8 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Niraj Consulting Group Limited Subsidiary Company 74.00%

Key managerial personnel: VINAYKUMAR RAJKUMAR GHUWALEWALA (CFO) · SUDHAKAR BALU TANDALE (Whole-time director) · VISHRAM RUDRE PANDURANG (Managing Director) · VINAYKUMAR RAJKUMAR GHUWALEWALA (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
5 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 23,669.04.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 37.39 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
09 Dec 2025
Charge satisfied
Others
06 Dec 2025
Charge created
Others - 5.00 cr
28 Nov 2025
Charge created
Others - 8.20 cr
25 Nov 2025
Charge created
Others - 12.00 cr
21 Nov 2025
Charge created
Others - 8.00 cr
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2024
Director ceased
GURPUR RAMDAS KAMATH
25 Sep 2023
Director ceased
KAVITA SURESH HINDIA
25 Aug 2023
Director appointed
KAVITA SURESH HINDIA (Director)
05 Sep 2022
Director ceased
KUMAR ANIL RADHESHYAM
16 May 2022
Director appointed
VINAYKUMAR RAJKUMAR GHUWALEWALA (CFO)
10 Feb 2022
Director appointed
Anil Anant Jha (Company Secretary)
29 Dec 2021
Director ceased
SONI RADHEY AGARWAL
30 Sep 2021
Director ceased
ASIT SURENDRA THAKKAR DATTANI
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ircon Akloli-Shirsad Expressway Limited U45309DL2021GOI391629 Delhi, Delhi, India
Kcp Infra Limited U45400TN2011PLC099511 Chennai, Tamil Nadu, India
Azhiyur Vengalam Road Limited U45203GJ2021PLC119861 Ahmedabad, Gujarat, India
Brginfra L04520MP2005PLC017479 Indore, Madhya Pradesh, India
Uniquest U45400HR2011PTC053827 Tiruchirappalli, Tamil Nadu, India
Vishal Infrastructure Limited U45200AP1990PLC011448 Secunderabad, Andhra Pradesh, India
Shriram Epc L74210TN2000PLC045167 Chennai, Tamil Nadu, India
Michigan Engineers U45300MH1973PLC016515 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Niraj Cement Structurals before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Niraj Cement Structurals: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Niraj Cement Structurals - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Niraj Cement Structurals pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Niraj Cement Structurals - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Niraj Cement Structurals an active company?

Niraj Cement Structurals has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Niraj Cement Structurals financially healthy?

Niraj Cement Structurals has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Niraj Cement Structurals?

Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Niraj Cement Structurals?

Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Niraj Cement Structurals have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 33 earlier charge(s) stand satisfied.

Is Niraj Cement Structurals up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).

Is it risky to lend to Niraj Cement Structurals?

Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.