Nirmitee Robotics India Ltd
Incorporated in 2016, Nirmitee Robotics India Ltd provides repairs and maintenance services through HVAC air duct cleaning[1]
- Market Cap ₹ 45.0 Cr.
- Current Price ₹ 125
- High / Low ₹ 131 / 74.7
- Stock P/E 75.0
- Book Value ₹ 14.4
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 12.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 173 to 130 days.
- Company's working capital requirements have reduced from 148 days to 76.1 days
Cons
- Stock is trading at 8.67 times its book value
- Company has a low return on equity of 1.83% over last 3 years.
* 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.
Half Yearly 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 | |
|---|---|---|---|---|---|
| 3.50 | 4.16 | 5.38 | 6.02 | 8.92 | |
| 3.08 | 3.65 | 4.44 | 6.47 | 7.77 | |
| Operating Profit | 0.42 | 0.51 | 0.94 | -0.45 | 1.15 |
| OPM % | 12.00% | 12.26% | 17.47% | -7.48% | 12.89% |
| 0.02 | 0.01 | 0.02 | 0.03 | 0.05 | |
| Interest | 0.03 | 0.03 | 0.08 | 0.23 | 0.24 |
| Depreciation | 0.07 | 0.06 | 0.08 | 0.17 | 0.17 |
| Profit before tax | 0.34 | 0.43 | 0.80 | -0.82 | 0.79 |
| Tax % | 29.41% | 25.58% | 22.50% | 18.29% | 24.05% |
| 0.23 | 0.33 | 0.63 | -0.97 | 0.60 | |
| EPS in Rs | 0.64 | 0.92 | 1.75 | -2.69 | 1.67 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 6% |
| 1 Year: | 37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.60 | 3.60 | 3.60 | 3.60 | |
| Reserves | 3.95 | 1.58 | 0.53 | 1.59 | |
| -0.01 | 1.30 | 2.95 | 1.71 | ||
| 0.55 | 1.78 | 0.77 | 0.66 | ||
| Total Liabilities | 5.09 | 8.26 | 7.85 | 7.56 | |
| 0.29 | 0.84 | 0.83 | 0.63 | ||
| CWIP | 0.01 | 0.00 | 0.00 | 0.00 | |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | |
| 4.79 | 7.42 | 7.02 | 6.93 | ||
| Total Assets | 5.09 | 8.26 | 7.85 | 7.56 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0.45 | -0.57 | 2.00 | 1.84 | ||
| -0.08 | -0.61 | -2.16 | 0.28 | ||
| -0.04 | 1.00 | 0.10 | -1.07 | ||
| Net Cash Flow | 0.32 | -0.18 | -0.06 | 1.05 | |
| Free Cash Flow | 0.36 | -1.20 | 1.50 | 1.81 | |
| CFO/OP | 110% | -41% | -480% | 177% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 165.83 | 232.70 | 157.03 | 130.12 | |
| Inventory Days | 50.34 | 473.72 | 54.58 | ||
| Days Payable | 222.36 | 155.32 | 0.00 | ||
| Cash Conversion Cycle | 165.83 | 60.69 | 475.44 | 184.70 | |
| Working Capital Days | 193.91 | 228.63 | 139.45 | 76.11 | |
| ROCE % | 15.97% | -8.70% | 14.74% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue from Sale of Robots INR Lakhs ・Standalone data |
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| Service Revenue (Standalone) INR Lakhs ・Standalone data |
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| Trade Receivables Turnover Ratio Ratio ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
25 Mar - Resignation of Rajesh N. Admane effective 25-Mar-2026; Rahul K. Shende appointed non-exec director w.e.f. 26-Mar-2026.
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Closure of Trading Window
24 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited results for half-year/year ended 31-Mar-2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
23 Mar - Non-Executive Director Rajesh Narendra Admane resigns effective end of business March 25, 2026; cites insufficient time.
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Announcement under Regulation 30 (LODR)-Resignation of Director
23 Mar - Mr. Rajesh Narendra Admane resigns as Non-Executive Director effective end of business hours, 25 March 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Jan - Certificate under Reg.74(5) confirming demat processing for quarter ended 31 December 2025.
Business Overview:[1][2]
Company is registered on BSE SME Startup Portal as a HVAC Air Duct Cleaning company. It specializes in Ozone treatment and Sterilization of HVAC Air Ducts and has developed its own patented, air duct inspection and air duct cleaning robots. It services Offices, Hotels, Convention Centers, Hospitals, Train and Bus Coaches, Aircraft and specialize in Buildings that house Sensitive Equipment, like Data Centers and Operation Theaters. Company uses its patented Air Duct Inspection Robots to survey HVAC Air Ducts, and then use a variety of patented HVAC Duct Cleaning Robots to Scrub, Scrape, Vacuum, Clean and Sterilize your HVAC Air Ducts. Company has offices in India, Hong Kong, and Dubai