Nidhi Granites Ltd
Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs,
tiles, and sandstone and limestone products.
- Market Cap ₹ 288 Cr.
- Current Price ₹ 360
- High / Low ₹ 481 / 171
- Stock P/E 37.5
- Book Value ₹ 28.2
- Dividend Yield 0.00 %
- ROCE 51.0 %
- ROE 41.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 156% CAGR over last 5 years
- Company's working capital requirements have reduced from 69.4 days to 48.5 days
Cons
- Stock is trading at 12.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.50%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.15 | 15.91 | 25.64 | 39.09 | 47.29 | 65.20 | |
| 0.13 | 15.05 | 24.38 | 36.95 | 43.76 | 52.85 | |
| Operating Profit | 0.02 | 0.86 | 1.26 | 2.14 | 3.53 | 12.35 |
| OPM % | 13.33% | 5.41% | 4.91% | 5.47% | 7.46% | 18.94% |
| 0.00 | 0.03 | 0.03 | -0.01 | 0.00 | 0.28 | |
| Interest | 0.00 | 0.11 | 0.21 | 0.45 | 0.37 | 0.31 |
| Depreciation | 0.00 | 0.27 | 0.45 | 0.72 | 0.63 | 1.57 |
| Profit before tax | 0.02 | 0.51 | 0.63 | 0.96 | 2.53 | 10.75 |
| Tax % | -250.00% | 39.22% | 31.75% | 28.12% | 24.11% | 28.56% |
| 0.07 | 0.30 | 0.44 | 0.68 | 1.92 | 7.68 | |
| EPS in Rs | 0.47 | 2.00 | 0.83 | 0.85 | 2.40 | 9.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 237% |
| 3 Years: | 36% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 156% |
| 3 Years: | 159% |
| TTM: | 294% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 80% |
| 3 Years: | 121% |
| 1 Year: | 107% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 24% |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 0.75 | 2.65 | 4.00 | 8.00 | 8.00 |
| Reserves | 1.37 | 4.04 | 6.70 | 8.96 | 6.88 | 14.54 |
| 0.00 | 0.97 | 3.29 | 4.47 | 3.17 | 2.77 | |
| 0.01 | 2.46 | 3.98 | 4.32 | 3.93 | 7.39 | |
| Total Liabilities | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.70 |
| 0.00 | 0.91 | 2.15 | 3.35 | 5.04 | 10.27 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.26 | 0.51 | 0.76 | 2.15 | 0.61 |
| 2.13 | 7.05 | 13.96 | 17.64 | 14.79 | 21.82 | |
| Total Assets | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.70 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -0.16 | 0.19 | -2.12 | -1.11 | 1.50 | 5.80 | |
| 2.22 | -3.26 | -0.62 | -3.22 | -0.39 | -0.79 | |
| 0.00 | 2.30 | 5.27 | 3.15 | -0.91 | -1.94 | |
| Net Cash Flow | 2.07 | -0.77 | 2.53 | -1.19 | 0.20 | 3.08 |
| Free Cash Flow | -0.16 | -0.31 | -2.84 | -2.55 | -1.47 | 0.80 |
| CFO/OP | -800% | 45% | -151% | -36% | 55% | 47% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 100.25 | 72.60 | 66.76 | 36.35 | 51.22 |
| Inventory Days | 25.35 | 36.54 | 28.34 | 49.53 | 61.47 | |
| Days Payable | 48.79 | 62.25 | 41.16 | 27.91 | 45.47 | |
| Cash Conversion Cycle | 0.00 | 76.81 | 46.88 | 53.95 | 57.98 | 67.23 |
| Working Capital Days | 0.00 | 72.27 | 84.56 | 97.58 | 61.98 | 48.54 |
| ROCE % | 15.74% | 9.13% | 9.44% | 16.57% | 51.01% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Share Trading Revenue (Standalone Operations) INR units ・Standalone data |
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| Consolidated Inventory INR Lakhs |
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| Consolidated Property, Plant, and Equipment (Net) INR Lakhs |
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| Consolidated Revenue from Operations INR Lakhs |
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| Garments Segment Revenue INR Lakhs |
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| Paper and Paperboard Segment Revenue INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2m - Newspaper publication of 44th Annual General Meeting Notice for 2025-2026.
- Corporate Action- Record Date Or Cut-Off Date For The AGM Is 15Th July 2026. 20h
- Reg. 34 (1) Annual Report. 20h
- Notice Of Annual General Meeting To Be Held On 22.07.2026. 20h
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Intimation Regarding Purchase Of Equity Shares Of The Company Promoters
22h - Promoters bought 100 shares each: MD Darpan Shah, CFO Kavita Shah, Director Shreya Pandya.
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1] Grey Sandstone, Granites, Marbles, Granite Blocks, Rajasthan black granite, Floor Marble, Sandstone Marbles