Nitiraj Engineers logo

Nitiraj Engineers

NITIRAJ NSE

Key Fundamentals

MicrocapOther Electrical EquipmentCapital Goods
Market Cap
₹237 Cr
Volatility
High Risk
P/E Ratio
99.26
EBITDA
₹4.00 Cr
Return on Equity
-0.34%
Debt to Equity
0
Book Value
₹80.32
52W High
₹241
52W Low
₹168

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

4
  • Stock is trading at 2.90 times its book value
  • The company has delivered a poor sales growth of -2.77% over past five years.
  • Company has a low return on equity of 7.37% over last 3 years.
  • Working capital days have increased from 154 days to 280 days

Growth Rate

Revenue Growth
15.67% higher than 3Y
Net Income Growth
-94.29% higher than 3Y
Cash Flow Change
-51.03% higher than 3Y
ROE
-93.47% lower than 3Y
ROCE
-107% lower than 3Y
EBITDA Margin (Avg.)
46.18% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
11.71
15.91
20.25
52.58
4.27
12.56
37.08
22.61
10.54
16.39
11.31
8.18
18.84
Expenses
9.91
13.15
16.68
42.32
5.89
11.86
27.47
21.86
10.52
13.68
10.2
8.48
16.88
Operating Profit
1.8
2.76
3.57
10.26
-1.62
0.7
9.61
0.75
0.02
2.71
1.11
-0.3
1.96
OPM %
15.37%
17.35%
17.63%
19.51%
-37.94%
5.57%
25.92%
3.32%
0.19%
16.53%
9.81%
-3.67%
10.4%
Other Income
0.23
0.09
0.17
0.5
0.26
0.21
0.09
0.35
0.36
0.4
0.34
0.37
0.26
Interest
0.05
0
0.01
0.02
0.03
0.01
0.07
0.1
0
0.03
0.01
0.02
0.01
Depreciation
0.81
0.85
0.87
0.83
0.81
0.86
0.93
0.91
0.81
0.91
0.92
0.9
0.82
PBT
1.17
2
2.86
9.91
-2.2
0.04
8.7
0.09
-0.43
2.17
0.52
-0.85
1.39
Tax %
24.79%
20%
25.17%
25.13%
-25%
50%
25.17%
155.56%
-25.58%
25.35%
23.08%
-25.88%
26.62%
Net Profit
0.87
1.61
2.14
7.42
-1.65
0.02
6.51
-0.06
-0.32
1.63
0.39
-0.64
1.02
EPS in Rs
0.85
1.57
2.09
7.24
-1.61
0.02
6.35
-0.06
-0.31
1.59
0.38
-0.62
1
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
43.51
61.06
58.84
38.8
53.88
47.86
53.4
39.63
46.08
100
76.52
46.41
54.72
Expenses
37.36
52.48
50.89
35.02
45.17
44.26
45.29
37.83
42.54
82.05
67.09
42.87
49.24
Operating Profit
6.15
8.58
7.95
3.78
8.71
3.6
8.11
1.8
3.54
18.39
9.43
3.54
5.48
OPM %
14.13%
14.05%
13.51%
9.74%
16.17%
7.52%
15.19%
4.54%
7.68%
18.31%
12.32%
7.63%
10.01%
Other Income
0.36
0.15
0.31
2.26
1.14
1.88
0.23
-2.62
0.28
1
0.91
1.48
1.37
Interest
0.3
0.74
0.51
0.05
0.11
0.45
0.28
0.5
0.32
0.09
0.2
0.06
0.07
Depreciation
0.67
0.95
0.9
1.75
1.26
1.42
3.09
3.13
3.68
3.36
3.51
3.54
3.55
PBT
5.54
7.04
6.85
4.24
8.48
3.61
4.97
-4.45
-0.18
15.94
6.63
1.42
3.23
Tax %
24.55%
23.86%
32.85%
27.59%
28.54%
28.25%
26.76%
-24.72%
105.56%
24.47%
27.15%
24.65%
—
Net Profit
4.18
5.36
4.6
3.07
6.07
2.59
3.63
-3.36
-0.37
12.04
4.83
1.06
2.4
EPS in Rs
32.15
7.15
4.47
2.98
5.89
2.53
3.54
-3.28
-0.36
11.75
4.71
1.03
2.35
Div. Payout %
0%
0%
3.57%
0%
0%
0%
0%
0%
0%
12.77%
31.83%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1
6
8.2
8.2
8.2
10.25
10.25
10.25
10.25
10.25
10.25
10.25
Reserves
27.06
25.63
49.42
52.61
58.68
59.22
61.39
57.97
57.33
69.41
72.56
72.08
Borrowings
2.02
7.19
0
0
0
5.35
0.62
3.97
3.2
0.23
0.02
0.02
Other Liabilities
6.98
6.33
7.55
3.28
5.99
3.89
7.25
5.56
9.04
10.63
10.17
10.81
Total Liabilities
37.06
45.15
65.17
64.09
72.87
78.71
79.51
77.75
79.82
90.52
93
93.16
Fixed Assets
12.2
8.73
10.8
12.5
26.8
33.45
28.1
36.31
33.6
32.58
35.16
39.08
CWIP
0.5
0
0
0
0
4.08
11.15
1.6
1.6
1.6
1.86
0
Investments
0.01
1.01
22.01
24.69
2.01
2.01
2.39
2.46
1.49
12.3
18.72
8.26
Other Assets
24.35
35.41
32.36
26.9
44.06
39.17
37.87
37.38
43.13
44.04
37.26
45.82
Total Assets
37.06
45.15
65.17
64.09
72.87
78.71
79.51
77.75
79.82
90.52
93
93.16
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-2.94
-4.29
-4.96
-2.8
15.86
9.9
1.54
1.45
0.71
17.87
14.2
-3.43
Investing
-1.76
-0.8
-2.97
-3.33
-15.61
-10.9
-4.01
-5.69
0.5
-12.84
-12.44
6.29
Financing
1.48
5.17
14.82
0
-0.06
4.62
-0.46
2.96
-1.19
-3.2
-1.83
-1.6
Net Cash Flow
-3.21
0.07
6.9
-6.14
0.19
3.62
-2.93
-1.28
0.02
1.84
-0.08
1.27
Free Cash Flow
-4.7
-5.09
-7.59
-5.09
1.51
0.42
-2.47
-3.45
-0.12
15.54
7.86
-8.86
CFO/OP
-16
-50
-62
-74
182
275
25
141
20
108
160
-82
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52.09
62.23
33.62
39.42
104
74.13
60.35
75.98
51.64
46.48
32.25
37.04
Inventory Days
217
264
158
223
240
199
175
260
341
113
162
425
Days Payable
26.5
84.29
105
53.95
79.62
48.31
29.56
16.66
38.34
16.49
20.25
41.69
Cash Conversion Cycle
243
242
87.41
208
264
225
206
319
354
143
174
420
Working Capital Days
112
101
61.97
147
188
119
171
206
182
90.2
92.68
280
ROCE %
21.55%
22.58%
15.26%
7.26%
12.77%
4.43%
7.14%
-1.23%
0.45%
21%
7.96%
1.79%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Promot.69.07%Others13.79%Public17.14%As ofJun 2026

Documents

1
Concall - Feb 2025 Feb 2025
2
Concall - Dec 2024 Dec 2024
3
Concall - Aug 2024 Aug 2024
4
Concall - May 2024 May 2024
5
Concall - May 2024 May 2024

Frequently Asked Questions about Nitiraj Engineers

What does Nitiraj Engineers Ltd do?
Incorporated in 1989, Nitiraj Engineers Ltd manufactures and sells Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc.[1]
Where is Nitiraj Engineers Ltd (NITIRAJ) listed?
Nitiraj Engineers Ltd trades as NITIRAJ on the NSE.
Which sector does Nitiraj Engineers Ltd belong to?
Nitiraj Engineers Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the market capitalisation of Nitiraj Engineers Ltd?
Nitiraj Engineers Ltd has a market capitalisation of ₹237.23 Cr, which places it in the Small Cap band.
What is the PE ratio of Nitiraj Engineers Ltd?
Nitiraj Engineers Ltd trades at a PE ratio of 99.26, against a book value of ₹80.32 per share.
What is the 52-week high and low of Nitiraj Engineers Ltd?
Over the last 52 weeks Nitiraj Engineers Ltd has traded between ₹168 and ₹241.
Does Nitiraj Engineers Ltd pay dividends?
Nitiraj Engineers Ltd has a dividend yield of 0.65%.
What is the Return on Equity (ROE) of Nitiraj Engineers Ltd?
Nitiraj Engineers Ltd reported a return on equity of -0.34%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1989, Nitiraj Engineers Ltd manufactures and sells Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc.[1]

Website nitiraj.net
Listed 2021-04-22
Face Value ₹ 10
Issued Size 1,02,51,000

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