Nitiraj Engineers Ltd

Nitiraj Engineers Ltd

₹ 223 1.99%
30 May - close price
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.

  • Market Cap 228 Cr.
  • Current Price 223
  • High / Low 239 / 74.8
  • Stock P/E 19.0
  • Book Value 77.7
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE 16.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 194 days to 132 days

Cons

  • Stock is trading at 2.86 times its book value
  • Company has a low return on equity of 5.55% 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

Sector: Electronics Industry: Electronics - Components

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15.19 4.99 8.78 12.27 13.59 7.50 15.85 11.36 11.37 11.71 15.91 20.25 52.58
13.53 4.66 8.07 11.30 13.82 6.86 14.98 10.28 10.40 9.91 13.15 16.68 42.32
Operating Profit 1.66 0.33 0.71 0.97 -0.23 0.64 0.87 1.08 0.97 1.80 2.76 3.57 10.26
OPM % 10.93% 6.61% 8.09% 7.91% -1.69% 8.53% 5.49% 9.51% 8.53% 15.37% 17.35% 17.63% 19.51%
0.14 0.06 0.18 0.06 -2.90 0.03 0.08 0.00 0.17 0.23 0.09 0.17 0.50
Interest 0.04 0.08 0.14 0.13 0.15 0.14 0.07 0.08 0.04 0.05 0.00 0.01 0.02
Depreciation 0.79 0.72 0.75 0.78 0.88 0.89 0.91 0.92 0.96 0.81 0.85 0.87 0.83
Profit before tax 0.97 -0.41 0.00 0.12 -4.16 -0.36 -0.03 0.08 0.14 1.17 2.00 2.86 9.91
Tax % 28.87% 2.44% 33.33% 28.12% 27.78% -633.33% -250.00% 214.29% 24.79% 20.00% 25.17% 25.13%
0.70 -0.40 -0.05 0.09 -3.00 -0.26 -0.22 0.28 -0.17 0.87 1.61 2.14 7.42
EPS in Rs 0.68 -0.39 -0.05 0.09 -2.93 -0.25 -0.21 0.27 -0.17 0.85 1.57 2.09 7.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
29 41 44 61 59 39 54 48 53 40 46 100
26 35 37 52 51 35 45 44 45 38 43 82
Operating Profit 2 6 6 9 8 4 9 4 8 2 4 18
OPM % 8% 14% 14% 14% 14% 10% 16% 8% 15% 5% 8% 18%
0 0 0 0 0 2 1 2 0 -3 0 1
Interest 0 0 0 1 1 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 2 1 1 3 3 4 3
Profit before tax 2 5 6 7 7 4 8 4 5 -4 -0 16
Tax % 26% 26% 25% 24% 33% 28% 29% 28% 27% 25% -106% 24%
1 4 4 5 5 3 6 3 4 -3 -0 12
EPS in Rs 9.31 29.92 32.15 7.15 4.47 2.98 5.89 2.53 3.54 -3.28 -0.36 11.75
Dividend Payout % 0% 0% 0% 0% 4% 0% 0% 0% 0% 0% 0% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 23%
TTM: 118%
Compounded Profit Growth
10 Years: 12%
5 Years: 16%
3 Years: 49%
TTM: %
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 57%
1 Year: 188%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 6%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 6 8 8 8 10 10 10 10 10
Reserves 19 23 27 26 49 53 59 59 61 58 57 69
1 0 2 7 0 0 0 5 1 4 3 0
6 9 7 6 8 3 6 4 7 6 9 11
Total Liabilities 27 33 37 45 65 64 73 79 80 78 80 91
11 12 12 9 11 12 27 33 28 36 34 34
CWIP 0 0 0 0 0 0 0 4 11 2 2 0
Investments 0 0 0 1 22 25 2 2 2 2 1 12
16 21 24 35 32 27 44 39 38 37 43 44
Total Assets 27 33 37 45 65 64 73 79 80 78 80 91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 6 -3 -4 -5 -3 16 10 2 1 1 18
-0 -1 -2 -1 -3 -3 -16 -11 -4 -6 0 -13
-2 -1 1 5 15 0 -0 5 -0 3 -1 -3
Net Cash Flow 0 3 -3 0 7 -6 0 4 -3 -1 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 84 62 52 62 34 39 104 74 60 76 52 46
Inventory Days 158 116 217 264 158 223 240 199 175 260 341 113
Days Payable 43 50 26 84 105 54 80 48 30 17 38 16
Cash Conversion Cycle 199 128 243 242 87 208 264 225 206 319 354 143
Working Capital Days 115 65 129 144 62 147 188 160 172 242 207 132
ROCE % 9% 23% 22% 23% 15% 7% 13% 4% 7% -1% 0%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07%
30.93% 30.93% 30.93% 30.93% 30.94% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93%
No. of Shareholders 8459811,2611,3551,6151,5481,5421,6411,6471,4301,7871,961

Documents