Niraj Ispat Industries Ltd

Niraj Ispat Industries Ltd

₹ 414 4.99%
27 Jun - close price
About

Incorporated in 1985, Niraj Ispat Industries Ltd
is in the business of manufacturing of Polyester Buttons[1]

Key Points

Business Overview:[1]
NIIL manufactures polyester buttons in two or four thread holes. These buttons are used in dresses, sweaters, pouches and shirts, and can be availed in a variety of colours, sizes, and
designs. These buttons are used in residential and commercial sectors

  • Market Cap 24.8 Cr.
  • Current Price 414
  • High / Low 414 / 186
  • Stock P/E 18.5
  • Book Value 238
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 9.82 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -5.74% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.06 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1.23 1.57 1.81 1.22 0.97 0.97 0.96 0.66 0.67 0.90 1.03 0.79 1.00
1.09 1.03 1.33 0.74 0.76 0.86 0.79 0.53 0.64 0.72 0.79 0.60 0.73
Operating Profit 0.14 0.54 0.48 0.48 0.21 0.11 0.17 0.13 0.03 0.18 0.24 0.19 0.27
OPM % 11.38% 34.39% 26.52% 39.34% 21.65% 11.34% 17.71% 19.70% 4.48% 20.00% 23.30% 24.05% 27.00%
0.04 0.14 0.15 0.16 0.25 0.20 0.20 0.20 0.22 0.23 0.28 0.28 0.28
Interest 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax 0.12 0.64 0.59 0.60 0.41 0.27 0.33 0.29 0.21 0.37 0.48 0.43 0.51
Tax % 25.00% 25.00% 25.42% 25.00% 24.39% 25.93% 30.30% 27.59% 28.57% 27.03% 25.00% 6.98% 41.18%
0.09 0.48 0.44 0.45 0.31 0.20 0.23 0.22 0.16 0.28 0.35 0.41 0.30
EPS in Rs 1.50 8.00 7.33 7.50 5.17 3.33 3.83 3.67 2.67 4.67 5.83 6.83 5.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4.12 6.74 6.83 7.05 6.52 5.96 5.00 3.56 4.87 5.57 3.26 3.72
3.36 5.45 5.43 5.51 5.32 5.04 4.38 3.26 4.09 3.86 2.79 2.82
Operating Profit 0.76 1.29 1.40 1.54 1.20 0.92 0.62 0.30 0.78 1.71 0.47 0.90
OPM % 18.45% 19.14% 20.50% 21.84% 18.40% 15.44% 12.40% 8.43% 16.02% 30.70% 14.42% 24.19%
0.36 0.40 0.52 0.73 0.62 0.48 0.60 0.49 0.46 0.70 0.81 1.06
Interest 0.41 0.34 0.31 0.36 0.24 0.25 0.14 0.05 0.06 0.01 0.01 0.01
Depreciation 0.38 0.31 0.24 0.30 0.31 0.30 0.30 0.29 0.17 0.17 0.17 0.17
Profit before tax 0.33 1.04 1.37 1.61 1.27 0.85 0.78 0.45 1.01 2.23 1.10 1.78
Tax % 30.30% 29.81% 29.93% 31.06% 24.41% 22.35% 30.77% 24.44% 25.74% 25.11% 27.27% 24.72%
0.23 0.72 0.96 1.11 0.96 0.66 0.52 0.35 0.75 1.67 0.81 1.34
EPS in Rs 18.50 16.00 11.00 8.67 5.83 12.50 27.83 13.50 22.33
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -6%
3 Years: -9%
TTM: 14%
Compounded Profit Growth
10 Years: 6%
5 Years: 21%
3 Years: 21%
TTM: 65%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 10%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60
Reserves 3.56 4.58 5.54 6.65 7.61 8.27 8.79 9.14 9.89 11.56 12.37 13.71
3.17 6.08 7.09 6.07 6.50 6.31 3.47 3.07 1.37 1.38 1.45 4.56
1.40 1.71 2.43 2.56 1.77 1.12 1.24 1.36 2.20 1.35 1.01 1.23
Total Liabilities 8.73 12.97 15.66 15.88 16.48 16.30 14.10 14.17 14.06 14.89 15.43 20.10
2.13 1.86 2.65 2.85 2.54 2.36 2.05 1.80 1.65 1.48 1.30 1.16
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.02 0.02 0.23 0.23 0.23 0.23 0.23 0.23 0.24 0.25 0.26
6.58 11.09 12.99 12.80 13.71 13.71 11.82 12.14 12.18 13.17 13.88 18.68
Total Assets 8.73 12.97 15.66 15.88 16.48 16.30 14.10 14.17 14.06 14.89 15.43 20.10

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.22 1.01 -0.53 0.10 2.33 0.06 1.23 -0.73 -0.88 -4.12
-0.50 0.00 0.44 0.36 0.60 0.45 0.44 0.69 0.82 1.03
0.70 -1.38 0.18 -0.44 -2.97 -0.45 -1.76 0.00 0.05 3.11
Net Cash Flow -0.02 -0.37 0.09 0.02 -0.05 0.05 -0.09 -0.05 0.00 0.02

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 94.79 38.45 58.78 29.51 45.90 60.02 44.53 69.72 62.21 48.49 43.67 57.89
Inventory Days 247.53 17.99 51.69 34.90 23.55 11.03 34.09 43.37 31.25 30.42 59.77 54.15
Days Payable 152.43 99.39 190.94 149.96 98.12 56.24 98.00 159.01 201.25 128.28 157.95 172.47
Cash Conversion Cycle 189.89 -42.95 -80.46 -85.55 -28.66 14.81 -19.38 -45.92 -107.79 -49.37 -54.52 -60.43
Working Capital Days 453.59 476.56 531.73 518.25 668.98 769.81 774.53 1,100.13 750.24 778.49 1,446.56 1,713.15
ROCE % 9.91% 13.23% 14.84% 10.77% 7.36% 6.56% 3.90% 8.67% 17.64% 8.01% 10.75%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.59% 74.59% 74.58% 74.58% 74.58% 74.58% 74.58% 74.58% 74.58% 74.43% 74.43% 74.42%
25.42% 25.42% 25.42% 25.42% 25.42% 25.42% 25.42% 25.42% 25.42% 25.57% 25.57% 25.58%
No. of Shareholders 514514514514514514514515515519525528

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