Nidhi Granites
Nidhi Granites (NIDHGRN) share price was ₹242.00 at the 28 Oct 2026 close; market capitalisation ₹194 Cr; P/E (TTM) 23.25; sector Construction. The share price fell 47.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 20.0% year on year to ₹15.84 Cr and net profit was ₹2.90 Cr, against ₹2.24 Cr a year earlier (compared with Jun 2025). Promoters held 66.75% of Nidhi Granites in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 48/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapOther Construction MaterialsConstruction MaterialsPrice-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Consolidated · TTM
Peer Comparison
Commodities › Construction › Construction Materials › Other Construction Materials
| — | — | 3,348 Cr | 8.19 | 0.00% | -3.52% | -1.91% | 18 Cr | -11 Cr | |
| ₹286.05 | 7.59 | 2,484 Cr | 0.55 | 0.44% | 3.00% | 4.71% | 1,906 Cr | 328 Cr | |
| ₹140.62 | 17.30 | 1,150 Cr | 1.56 | 0.00% | 8.03% | 13.79% | 1,160 Cr | 75 Cr | |
| ₹1,248.40 | — | 941 Cr | 0.85 | 1.20% | -10.77% | -2.68% | 3,934 Cr | -109 Cr | |
| ₹476.50 | — | 756 Cr | 1.26 | 0.21% | -20.56% | -11.67% | 1,469 Cr | -1 Cr | |
| — | 52.38 | 401 Cr | 1.23 | 0.00% | 9.51% | 15.40% | 105 Cr | 9 Cr | |
| Nidhi Granites (this company) | — | 23.25 | 194 Cr | 8.59 | 0.00% | 34.06% | 46.62% | 62 Cr | 8 Cr |
| ₹213.00 | — | — | — | — | — | — | — | — | |
| Median 8 companies | ₹286.05 | 20.28 | 941 Cr | 1.26 | 0.00% | 3.00% | 4.71% | 1,160 Cr | 8 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has delivered good profit growth of 156% CAGR over last 5 years
- Company's working capital requirements have reduced from 72.5 days to 58.0 days
Weaknesses
2- Stock is trading at 8.36 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 27.27% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.78 | 8.68 | 10.66 | 11.38 | 9.28 | 12.1 | 13.41 | 10.48 | 19.81 | 13.18 | 15.55 | 16.66 | 15.84 |
| Expenses | 7.49 | 8.39 | 9.88 | 11.19 | 8.54 | 11.66 | 12.51 | 11.07 | 16.58 | 11.06 | 12.15 | 13.05 | 11.52 |
| Operating Profit | 0.29 | 0.29 | 0.78 | 0.19 | 0.74 | 0.44 | 0.9 | -0.59 | 3.23 | 2.12 | 3.4 | 3.61 | 4.32 |
| OPM % | 3.73% | 3.34% | 7.32% | 1.67% | 7.97% | 3.64% | 6.71% | -5.63% | 16.3% | 16.08% | 21.86% | 21.67% | 27.27% |
| Other Income | 0.07 | 0.14 | 0.1 | 0.26 | 0.51 | 1.14 | 0.51 | -0.11 | 0.07 | 0.07 | 0.07 | 0.07 | 0.2 |
| Interest | 0.09 | 0.17 | 0.09 | 0.1 | 0.11 | 0.11 | 0.08 | 0.07 | 0.05 | 0.05 | 0.07 | 0.14 | 0.04 |
| Depreciation | 0.16 | 0.18 | 0.19 | 0.19 | 0.17 | 0.17 | 0.16 | 0.13 | 0.2 | 0.3 | 0.46 | 0.61 | 0.63 |
| PBT | 0.11 | 0.08 | 0.6 | 0.16 | 0.97 | 1.3 | 1.17 | -0.9 | 3.05 | 1.84 | 2.94 | 2.93 | 3.85 |
| Tax % | 27.27% | 25% | 25% | 43.75% | 21.65% | 15.38% | 19.66% | -3.33% | 26.56% | 29.35% | 25.17% | 33.79% | 24.94% |
| Net Profit | 0.08 | 0.06 | 0.45 | 0.09 | 0.75 | 1.1 | 0.94 | -0.88 | 2.24 | 1.29 | 2.21 | 1.94 | 2.9 |
| EPS (₹) | 0.15 | 0.08 | 0.56 | 0.11 | 0.94 | 1.38 | 1.18 | -1.1 | 2.8 | 1.61 | 2.76 | 2.42 | 3.62 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 0.15 | 15.91 | 25.64 | 39.09 | 47.29 | 65.47 | 61.23 |
| Expenses | 0.13 | 15.05 | 24.38 | 36.95 | 43.76 | 52.85 | 47.78 |
| Operating Profit | 0.02 | 0.86 | 1.26 | 2.14 | 3.53 | 12.62 | 13.45 |
| OPM % | 13.33% | 5.41% | 4.91% | 5.47% | 7.46% | 19.28% | 21.97% |
| Other Income | 0 | 0.03 | 0.03 | -0.01 | 0 | 0.01 | 0.41 |
| Interest | 0 | 0.11 | 0.21 | 0.45 | 0.37 | 0.31 | 0.3 |
| Depreciation | 0 | 0.27 | 0.45 | 0.72 | 0.63 | 1.57 | 2 |
| PBT | 0.02 | 0.51 | 0.63 | 0.96 | 2.53 | 10.75 | 11.56 |
| Tax % | -250% | 39.22% | 31.75% | 28.12% | 24.11% | 28.56% | — |
| Net Profit | 0.07 | 0.3 | 0.44 | 0.68 | 1.92 | 7.68 | 8.34 |
| EPS (₹) | 0.47 | 2 | 0.83 | 0.85 | 2.4 | 9.6 | 10.41 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 0.75 | 2.65 | 4 | 8 | 8 |
| Reserves | 1.37 | 4.04 | 6.7 | 8.96 | 6.88 | 14.54 |
| Borrowings | 0 | 0.97 | 3.29 | 4.47 | 3.17 | 2.77 |
| Other Liabilities | 0.01 | 2.46 | 3.98 | 4.32 | 3.93 | 7.32 |
| Total Liabilities | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.63 |
| Fixed Assets | 0 | 0.91 | 2.15 | 3.35 | 5.04 | 9.73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.53 |
| Investments | 0 | 0.26 | 0.51 | 0.76 | 2.15 | 0.61 |
| Other Assets | 2.13 | 7.05 | 13.96 | 17.64 | 14.79 | 21.76 |
| Total Assets | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.63 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -0.16 | 0.19 | -2.12 | -1.11 | 1.5 | 5.8 |
| Investing | 2.22 | -3.26 | -0.62 | -3.22 | -0.39 | -3 |
| Financing | 0 | 2.3 | 5.27 | 3.15 | -0.91 | -1.94 |
| Net Cash Flow | 2.07 | -0.77 | 2.53 | -1.19 | 0.2 | 0.87 |
| Free Cash Flow | -0.16 | -0.31 | -2.84 | -2.55 | -1.47 | 0.8 |
| CFO/EBITDA | -800 | 45 | -151 | -36 | 55 | 63 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 100 | 72.6 | 66.76 | 36.35 | 51.01 |
| Inventory Days | — | 25.35 | 36.54 | 28.34 | 49.53 | 50.78 |
| Days Payable | — | 48.79 | 62.25 | 41.16 | 27.91 | 37.55 |
| Cash Conversion Cycle | 0 | 76.81 | 46.88 | 53.95 | 57.98 | 64.23 |
| Working Capital Days | 0 | 72.27 | 84.56 | 97.58 | 61.98 | 57.98 |
| ROCE % | — | 15.74% | 9.13% | 9.44% | 16.57% | 51.01% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY09–FY27.
Documents
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Company Information
Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products.
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