Nitiraj Engineers Ltd

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

Nitiraj Engineers Ltd

₹ 218 -3.72%
25 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

Products:
The product portfolio includes analytical and electromagnetic balances for labs, pharma, and jewellery; commercial, retail, and industrial scales; and healthcare devices like baby, adult, BMI, and growth-monitoring instruments. Other lines cover currency-counting machines, access-control and automation products, plus digital fare meters and mechanical scales, though individual revenue figures are unavailable.[1] [2]

Website NSE
  • Market Cap ₹ 223 Cr.
  • Current Price ₹ 218
  • High / Low ₹ 241 / 168
  • Stock P/E 93.0
  • Book Value ₹ 80.3
  • Dividend Yield 0.69 %
  • ROCE 1.17 %
  • ROE 0.52 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.71 times its book value
  • The company has delivered a poor sales growth of -2.77% over past five years.
  • Company has a low return on equity of 7.03% over last 3 years.
  • Working capital days have increased from 136 days to 221 days

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
11.71 15.91 20.25 52.58 4.27 12.56 37.08 22.61 10.54 16.39 11.31 8.18 18.84
9.91 13.15 16.68 42.32 5.89 11.86 27.47 21.86 10.52 13.68 10.20 8.48 16.88
Operating Profit 1.80 2.76 3.57 10.26 -1.62 0.70 9.61 0.75 0.02 2.71 1.11 -0.30 1.96
OPM % 15.37% 17.35% 17.63% 19.51% -37.94% 5.57% 25.92% 3.32% 0.19% 16.53% 9.81% -3.67% 10.40%
0.23 0.09 0.17 0.50 0.26 0.21 0.09 0.35 0.36 0.40 0.34 0.37 0.26
Interest 0.05 0.00 0.01 0.02 0.03 0.01 0.07 0.10 0.00 0.03 0.01 0.02 0.01
Depreciation 0.81 0.85 0.87 0.83 0.81 0.86 0.93 0.91 0.81 0.91 0.92 0.90 0.82
Profit before tax 1.17 2.00 2.86 9.91 -2.20 0.04 8.70 0.09 -0.43 2.17 0.52 -0.85 1.39
Tax % 24.79% 20.00% 25.17% 25.13% -25.00% 50.00% 25.17% 155.56% -25.58% 25.35% 23.08% -25.88% 26.62%
0.87 1.61 2.14 7.42 -1.65 0.02 6.51 -0.06 -0.32 1.63 0.39 -0.64 1.02
EPS in Rs 0.85 1.57 2.09 7.24 -1.61 0.02 6.35 -0.06 -0.31 1.59 0.38 -0.62 1.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
43.51 61.06 58.84 38.80 53.88 47.86 53.40 39.63 46.08 100.44 76.52 46.41 54.72
37.36 52.48 50.89 35.02 45.17 44.26 45.29 37.83 42.54 82.05 67.09 42.87 49.24
Operating Profit 6.15 8.58 7.95 3.78 8.71 3.60 8.11 1.80 3.54 18.39 9.43 3.54 5.48
OPM % 14.13% 14.05% 13.51% 9.74% 16.17% 7.52% 15.19% 4.54% 7.68% 18.31% 12.32% 7.63% 10.01%
0.36 0.15 0.31 2.26 1.14 1.88 0.23 -2.62 0.28 1.00 0.91 1.48 1.37
Interest 0.30 0.74 0.51 0.05 0.11 0.45 0.28 0.50 0.32 0.09 0.20 0.06 0.07
Depreciation 0.67 0.95 0.90 1.75 1.26 1.42 3.09 3.13 3.68 3.36 3.51 3.54 3.55
Profit before tax 5.54 7.04 6.85 4.24 8.48 3.61 4.97 -4.45 -0.18 15.94 6.63 1.42 3.23
Tax % 24.55% 23.86% 32.85% 27.59% 28.54% 28.25% 26.76% -24.72% 105.56% 24.47% 27.15% 24.65%
4.18 5.36 4.60 3.07 6.07 2.59 3.63 -3.36 -0.37 12.04 4.83 1.06 2.40
EPS in Rs 32.15 7.15 4.47 2.98 5.89 2.53 3.54 -3.28 -0.36 11.75 4.71 1.03 2.35
Dividend Payout % 0.00% 0.00% 3.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.77% 31.83% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: -3%
3 Years: 0%
TTM: -34%
Compounded Profit Growth
10 Years: -22%
5 Years: -35%
3 Years: %
TTM: -61%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 28%
1 Year: 8%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 7%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1.00 6.00 8.20 8.20 8.20 10.25 10.25 10.25 10.25 10.25 10.25 10.25
Reserves 27.06 25.63 49.42 52.61 58.68 59.22 61.39 57.97 57.33 69.41 72.56 72.08
2.02 7.19 0.00 0.00 0.00 5.35 0.62 3.97 3.20 0.23 0.02 0.02
6.98 6.33 7.55 3.28 5.99 3.89 7.25 5.56 9.04 10.63 9.73 10.82
Total Liabilities 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 92.56 93.17
12.20 8.73 10.80 12.50 26.80 33.45 28.10 36.31 33.60 32.58 35.16 36.89
CWIP 0.50 0.00 0.00 0.00 0.00 4.08 11.15 1.60 1.60 1.60 1.86 2.13
Investments 0.01 1.01 22.01 24.69 2.01 2.01 2.39 2.46 1.49 12.30 18.72 8.25
24.35 35.41 32.36 26.90 44.06 39.17 37.87 37.38 43.13 44.04 36.82 45.90
Total Assets 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 92.56 93.17

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2.94 -4.29 -4.96 -2.80 15.86 9.90 1.54 1.45 0.71 17.87 14.20 -3.43
-1.76 -0.80 -2.97 -3.33 -15.61 -10.90 -4.01 -5.69 0.50 -12.84 -12.44 6.29
1.48 5.17 14.82 0.00 -0.06 4.62 -0.46 2.96 -1.19 -3.20 -1.83 -1.60
Net Cash Flow -3.21 0.07 6.90 -6.14 0.19 3.62 -2.93 -1.28 0.02 1.84 -0.08 1.27
Free Cash Flow -4.70 -5.09 -7.59 -5.09 1.51 0.42 -2.47 -3.45 -0.12 15.54 7.86 -8.98
CFO/OP -16% -50% -62% -74% 182% 275% 25% 141% 20% 108% 160% -82%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 52.09 62.23 33.62 39.42 104.19 74.13 60.35 75.98 51.64 46.48 32.25 37.04
Inventory Days 217.39 264.20 158.45 223.01 239.67 198.70 175.08 260.16 340.96 112.77 161.51 424.80
Days Payable 26.50 84.29 104.66 53.95 79.62 48.31 29.56 16.66 38.34 16.49 20.25 41.69
Cash Conversion Cycle 242.98 242.13 87.41 208.47 264.25 224.51 205.87 319.49 354.26 142.76 173.51 420.15
Working Capital Days 112.24 100.55 61.97 147.03 188.12 118.90 170.61 206.12 182.34 90.20 95.35 221.23
ROCE % 21.55% 22.58% 15.26% 7.26% 12.77% 4.43% 7.14% -1.23% 0.45% 21.00% 7.96% 1.17%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Government Sales Share
% of revenue

Log in to view insights

Please log in to see hidden values.

Login
Number of Branch Offices
count
Number of Dealers
count
Annual Production Capacity
scales per year
Number of Products (SKUs)
count
Commercial Weighing Scale Revenue Share
% of revenue
Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00%
30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.88% 30.93% 30.93% 30.93% 30.93% 30.93%
No. of Shareholders 1,4301,7871,9612,0622,8433,4284,5714,3564,2584,0133,5453,598

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls

  • Feb 2025
    Transcript
    AI Summary
    PPT
  • Dec 2024
    Transcript PPT
  • Aug 2024
    Transcript
    AI Summary
    PPT
  • May 2024
    Transcript
    AI Summary
    PPT
  • May 2024
    Transcript
    AI Summary
    PPT
  • May 2022
    Transcript PPT
  • Nov 2021
    Transcript PPT
  • Jun 2021
    Transcript
    AI Summary
    PPT
  • Nov 2020
    Transcript
    AI Summary
    PPT
  • Jul 2020
    Transcript
    AI Summary
    PPT