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Nitiraj Engineers

NITIRAJ NSE
₹190.00 down 0.98 (0.51%)
Market Cap
₹195 Cr
P/E
80.85

Nitiraj Engineers (NITIRAJ) share price was ₹190.98 at the 28 Oct 2026 close; market capitalisation ₹196 Cr; P/E (TTM) 81.27; sector Capital Goods. The share price rose 0.2% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 78.8% year on year to ₹18.84 Cr and net profit was ₹1.02 Cr, against −₹0.32 Cr a year earlier (compared with Jun 2025). Promoters held 69.28% of Nitiraj Engineers in Sep 2026, up 0.21 percentage points from Jun 2026. Its Tapetide Score is 41/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹190.98 −0.99 −0.52% 1Y

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods
Market Cap
₹195 Cr
P/E (TTM)
80.85
EBITDA
₹4.00 Cr
Return on Equity
-0.34%
Debt to Equity
0
Book Value
₹80.32
EPS (TTM)
₹2.35
52W High
₹241.00
52W Low
₹168.00

Price-based figures as of 29 Oct 2026, 10:42 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Capital Goods › Other Electrical Equipment › Consumer Electronics

Dixon
₹11,483.0037.1870,242 Cr15.020.09%30.52%34.16%52,848 Cr2,083 Cr
Havells
₹1,023.3039.2864,218 Cr6.570.99%17.84%22.11%25,694 Cr1,631 Cr
PG Electroplast
₹534.5074.1315,327 Cr4.870.05%6.35%10.55%6,141 Cr206 Cr
IKIO Technologies
₹165.3527.471,278 Cr2.120.60%6.82%9.63%661 Cr51 Cr
CWD
——625 Cr5.540.00%9.48%17.99%6 Cr-3 Cr
Cellecor Gadgets
₹27.05—601 Cr2.540.00%19.35%28.48%——
Nitiraj Engineers (this company)
₹190.0080.85195 Cr2.370.76%-0.34%0.41%47 Cr2 Cr
Median 7 companies₹362.2539.281,278 Cr4.870.09%9.48%17.99%3,401 Cr129 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. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

41 Weak
Overall score

Data confidence 100/100

Category scores

Quality Weak 37
Returns, margins, earnings quality 22% weight
Valuation Poor 25
Cheap vs sector & own history 24% weight
Growth Poor 11
Sales & profit trajectory 9% weight
Financial Health Strong 70
Solvency, leverage, coverage 9% weight
Momentum Average 52
Trend strength, vol-adjusted 12% weight
Ownership Average 51
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

4
  • Stock is trading at 2.61 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 7.03% over last 3 years.
  • Working capital days have increased from 136 days to 221 days

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
12
Neutral
7
Bullish
0

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
15.67% higher than 3Y

change over 1 year

Net Income Growth
-94.29% higher than 3Y

change over 1 year

Cash Flow Change
-51.03%

change over 1 year

EBITDA Margin Change
46.18%

change over 1 year Operating margin 10.4% · Jun 2026

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 (₹)
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 (₹)
5.36
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
9.73
10.82
Total Liabilities
37.06
45.15
65.17
64.09
72.87
78.71
79.51
77.75
79.82
90.52
92.56
93.17
Fixed Assets
12.2
8.73
10.8
12.5
26.8
33.45
28.1
36.31
33.6
32.58
35.16
36.89
CWIP
0.5
0
0
0
0
4.08
11.15
1.6
1.6
1.6
1.86
2.13
Investments
0.01
1.01
22.01
24.69
2.01
2.01
2.39
2.46
1.49
12.3
18.72
8.25
Other Assets
24.35
35.41
32.36
26.9
44.06
39.17
37.87
37.38
43.13
44.04
36.82
45.9
Total Assets
37.06
45.15
65.17
64.09
72.87
78.71
79.51
77.75
79.82
90.52
92.56
93.17
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
-8.98
CFO/EBITDA
-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
95.35
221
ROCE %
21.55%
22.58%
15.26%
7.26%
12.77%
4.43%
7.14%
-1.23%
0.45%
21%
7.96%
1.17%

Insights

Beta

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

Log in to view Nitiraj Engineers insights

60 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

Promot.69.28%Others13.72%Public17.00%As ofSep 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 ₹194.77 Cr as of 29 Oct 2026, 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 80.85 as of 29 Oct 2026, on earnings per share of ₹2.35, 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 as of 29 Oct 2026.
Does Nitiraj Engineers Ltd pay dividends?
Nitiraj Engineers Ltd has a dividend yield of 0.79%.
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
Shares Outstanding 1,02,51,000

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