Nitiraj Engineers Ltd

About [ edit ]

Nitiraj Engineers is engaged in the business of manufacturing and selling of a variety of Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters etc.(Source : 201903 Annual Report Page No:100)

  • Market Cap 42.0 Cr.
  • Current Price 41.0
  • High / Low 61.2 / 38.8
  • Stock P/E 21.8
  • Book Value 67.8
  • Dividend Yield 0.00 %
  • ROCE 4.43 %
  • ROE 2.83 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.60 times its book value
  • Promoter holding has increased by 1.01% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.92% over past five years.
  • Company has a low return on equity of 5.63% for last 3 years.
  • Earnings include an other income of Rs.1.88 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Dec 2019 Mar 2020
37.31 26.00 21.87
29.91 23.75 20.52
Operating Profit 7.40 2.25 1.35
OPM % 19.83% 8.65% 6.17%
Other Income 0.78 0.05 1.83
Interest 0.07 0.18 0.27
Depreciation 0.64 0.56 0.86
Profit before tax 7.47 1.56 2.05
Tax % 28.51% 25.00% 31.22%
Net Profit 5.34 1.17 1.41
EPS in Rs 5.18 1.14 1.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
27.05 28.93 28.59 41.02 43.51 61.06 58.84 38.80 53.88 47.86
24.59 24.47 26.18 35.33 37.36 52.48 50.89 35.02 45.22 44.26
Operating Profit 2.46 4.46 2.41 5.69 6.15 8.58 7.95 3.78 8.66 3.60
OPM % 9.09% 15.42% 8.43% 13.87% 14.13% 14.05% 13.51% 9.74% 16.07% 7.52%
Other Income 0.00 0.07 0.09 0.16 0.36 0.15 0.31 2.26 1.19 1.88
Interest 0.00 0.36 0.33 0.05 0.30 0.74 0.51 0.05 0.11 0.45
Depreciation 0.00 0.49 0.54 0.57 0.67 0.95 0.90 1.75 1.26 1.42
Profit before tax 2.46 3.68 1.63 5.23 5.54 7.04 6.85 4.24 8.48 3.61
Tax % 24.80% 22.83% 25.77% 25.62% 24.55% 23.86% 32.85% 27.59% 28.54% 28.25%
Net Profit 1.86 2.84 1.21 3.89 4.18 5.36 4.60 3.07 6.07 2.59
EPS in Rs 14.31 21.85 9.31 29.92 32.15 7.15 4.47 2.98 5.89 2.53
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.57% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:2%
3 Years:-7%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:-14%
3 Years:-25%
TTM:-66%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-5%
1 Year:-27%
Return on Equity
10 Years:%
5 Years:8%
3 Years:6%
Last Year:3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1.00 1.00 1.00 1.00 1.00 6.00 8.20 8.20 8.20 10.25
Reserves 14.30 17.77 18.98 22.87 27.06 25.63 49.42 52.61 58.68 59.22
Borrowings 2.20 3.05 1.22 0.25 2.02 7.19 0.00 0.00 0.00 5.35
4.75 4.86 6.10 8.58 6.98 6.33 7.55 3.28 5.99 3.89
Total Liabilities 22.25 26.68 27.30 32.70 37.06 45.15 65.17 64.09 72.87 78.71
9.99 10.93 10.84 11.62 12.20 8.73 10.80 12.50 26.80 37.53
CWIP 0.10 0.10 0.10 0.00 0.50 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 1.01 22.01 24.69 2.01 2.01
12.15 15.64 16.35 21.07 24.35 35.41 32.36 26.90 44.06 39.17
Total Assets 22.25 26.68 27.30 32.70 37.06 45.15 65.17 64.09 72.87 78.71

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.00 1.19 2.61 5.69 -2.94 -4.29 -4.96 -2.80 15.86 9.90
0.00 -1.43 -0.45 -1.25 -1.76 -0.80 -2.97 -3.33 -15.61 -10.90
0.00 0.24 -2.16 -1.02 1.48 5.17 14.82 0.00 -0.06 4.62
Net Cash Flow 0.00 0.01 0.01 3.42 -3.21 0.07 6.90 -6.14 0.19 3.62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 20.55% 9.11% 23.30% 21.55% 22.58% 15.26% 7.26% 12.77% 4.43%
Debtor Days 43.31 79.86 84.00 61.57 52.09 62.23 33.62 39.42 104.19 74.13
Inventory Turnover 2.26 2.35 3.24 2.25 1.69 1.70 1.73 1.80 1.66

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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