Nitiraj Engineers Ltd

Nitiraj Engineer Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitiraj Engineers Ltd

₹ 222 5.01%
15 Sep - close price
nitiraj.net NSE: NITIRAJ
About

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

Key Points

Business Overview:[1][2][3]
Company is a manufacturer of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters under the brand name Phoenix. Company supplies machines to various state governments under Child Growth Monitoring Systems (CGMS) program. These machines have advanced technology support in form of data collection, plotting, MIS and dissemination.
It has a sales and service network of 13 Branch offices, 430 Dealers distributors in Middle East and SAARC Countries. Company's associate entity is engaged into software development, software solutions, IT consulting services and IT enabled services etc.

Website NSE
  • Market Cap ₹ 228 Cr.
  • Current Price ₹ 222
  • High / Low ₹ 422 / 186
  • Stock P/E 37.1
  • Book Value ₹ 80.8
  • Dividend Yield 0.67 %
  • ROCE 7.96 %
  • ROE 5.63 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.8% CAGR over last 5 years
  • Debtor days have improved from 43.5 to 32.2 days.
  • Company's working capital requirements have reduced from 122 days to 92.7 days

Cons

  • Stock is trading at 2.75 times its book value
  • Company has a low return on equity of 7.38% 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.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
7.50 15.85 11.36 11.37 11.71 15.91 20.25 52.58 4.27 12.56 37.08 22.61 10.54
6.86 14.98 10.28 10.40 9.91 13.15 16.68 42.32 5.89 11.86 27.47 21.86 10.52
Operating Profit 0.64 0.87 1.08 0.97 1.80 2.76 3.57 10.26 -1.62 0.70 9.61 0.75 0.02
OPM % 8.53% 5.49% 9.51% 8.53% 15.37% 17.35% 17.63% 19.51% -37.94% 5.57% 25.92% 3.32% 0.19%
0.03 0.08 -0.00 0.17 0.23 0.09 0.17 0.50 0.26 0.21 0.09 0.35 0.36
Interest 0.14 0.07 0.08 0.04 0.05 -0.00 0.01 0.02 0.03 0.01 0.07 0.10 -0.00
Depreciation 0.89 0.91 0.92 0.96 0.81 0.85 0.87 0.83 0.81 0.86 0.93 0.91 0.81
Profit before tax -0.36 -0.03 0.08 0.14 1.17 2.00 2.86 9.91 -2.20 0.04 8.70 0.09 -0.43
Tax % -27.78% 633.33% -250.00% 214.29% 24.79% 20.00% 25.17% 25.13% -25.00% 50.00% 25.17% 155.56% -25.58%
-0.26 -0.22 0.28 -0.17 0.87 1.61 2.14 7.42 -1.65 0.02 6.51 -0.06 -0.32
EPS in Rs -0.25 -0.21 0.27 -0.17 0.85 1.57 2.09 7.24 -1.61 0.02 6.35 -0.06 -0.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
41.02 43.51 61.06 58.84 38.80 53.88 47.86 53.40 39.63 46.08 100.44 76.52 82.79
35.33 37.36 52.48 50.89 35.02 45.17 44.26 45.29 37.83 42.54 82.05 67.09 71.71
Operating Profit 5.69 6.15 8.58 7.95 3.78 8.71 3.60 8.11 1.80 3.54 18.39 9.43 11.08
OPM % 13.87% 14.13% 14.05% 13.51% 9.74% 16.17% 7.52% 15.19% 4.54% 7.68% 18.31% 12.32% 13.38%
0.16 0.36 0.15 0.31 2.26 1.14 1.88 0.23 -2.62 0.28 1.00 0.91 1.01
Interest 0.05 0.30 0.74 0.51 0.05 0.11 0.45 0.28 0.50 0.32 0.09 0.20 0.18
Depreciation 0.57 0.67 0.95 0.90 1.75 1.26 1.42 3.09 3.13 3.68 3.36 3.51 3.51
Profit before tax 5.23 5.54 7.04 6.85 4.24 8.48 3.61 4.97 -4.45 -0.18 15.94 6.63 8.40
Tax % 25.62% 24.55% 23.86% 32.85% 27.59% 28.54% 28.25% 26.76% -24.72% 105.56% 24.47% 27.15%
3.89 4.18 5.36 4.60 3.07 6.07 2.59 3.63 -3.36 -0.37 12.04 4.83 6.15
EPS in Rs 29.92 32.15 7.15 4.47 2.98 5.89 2.53 3.54 -3.28 -0.36 11.75 4.71 6.00
Dividend Payout % -0.00% -0.00% -0.00% 3.57% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 12.77% 31.83%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 25%
TTM: -11%
Compounded Profit Growth
10 Years: 1%
5 Years: 19%
3 Years: 158%
TTM: -35%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 41%
1 Year: -5%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1.00 1.00 6.00 8.20 8.20 8.20 10.25 10.25 10.25 10.25 10.25 10.25
Reserves 22.87 27.06 25.63 49.42 52.61 58.68 59.22 61.39 57.97 57.33 69.41 72.56
0.25 2.02 7.19 -0.00 -0.00 -0.00 5.35 0.62 3.97 3.20 0.23 0.02
8.58 6.98 6.33 7.55 3.28 5.99 3.89 7.25 5.56 9.04 10.63 10.17
Total Liabilities 32.70 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 93.00
11.62 12.20 8.73 10.80 12.50 26.80 33.45 28.10 36.31 33.60 32.58 35.16
CWIP -0.00 0.50 -0.00 -0.00 -0.00 -0.00 4.08 11.15 1.60 1.60 1.60 1.86
Investments 0.01 0.01 1.01 22.01 24.69 2.01 2.01 2.39 2.46 1.49 12.30 18.72
21.07 24.35 35.41 32.36 26.90 44.06 39.17 37.87 37.38 43.13 44.04 37.26
Total Assets 32.70 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 93.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5.69 -2.94 -4.29 -4.96 -2.80 15.86 9.90 1.54 1.45 0.71 17.87 14.20
-1.25 -1.76 -0.80 -2.97 -3.33 -15.61 -10.90 -4.01 -5.69 0.50 -12.84 -12.44
-1.02 1.48 5.17 14.82 -0.00 -0.06 4.62 -0.46 2.96 -1.19 -3.20 -1.83
Net Cash Flow 3.42 -3.21 0.07 6.90 -6.14 0.19 3.62 -2.93 -1.28 0.02 1.84 -0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 61.57 52.09 62.23 33.62 39.42 104.19 74.13 60.35 75.98 51.64 46.48 32.25
Inventory Days 116.02 217.39 264.20 158.45 223.01 239.67 198.70 175.08 260.16 340.96 112.77 161.51
Days Payable 49.62 26.50 84.29 104.66 53.95 79.62 48.31 29.56 16.66 38.34 16.49 20.25
Cash Conversion Cycle 127.97 242.98 242.13 87.41 208.47 264.25 224.51 205.87 319.49 354.26 142.76 173.51
Working Capital Days 64.78 112.24 100.55 61.97 147.03 188.12 118.90 170.61 206.12 182.34 90.20 92.68
ROCE % 23.30% 21.55% 22.58% 15.26% 7.26% 12.77% 4.43% 7.14% -1.23% 0.45% 21.00% 7.96%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00%
30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.88% 30.93%
No. of Shareholders 1,5481,5421,6411,6471,4301,7871,9612,0622,8433,4284,5714,356

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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DRHP

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  • Feb 2025
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  • Dec 2024
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  • May 2022
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  • Jun 2021
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  • Nov 2020
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  • Jul 2020
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