Nitiraj Engineers Ltd
Incorporated in 1989, Nitiraj Engineers Ltd manufactures and sells Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc.[1]
- Market Cap ₹ 188 Cr.
- Current Price ₹ 183
- High / Low ₹ 196 / 71.2
- Stock P/E
- Book Value ₹ 65.9
- Dividend Yield 0.00 %
- ROCE 0.38 %
- ROE -0.35 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.78 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.16% over past five years.
- Company has a low return on equity of 1.36% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 61.06 | 67.81 | 39.44 | 53.88 | 47.86 | 53.40 | 39.63 | 46.08 | |
| 52.48 | 59.86 | 35.69 | 45.22 | 44.43 | 45.38 | 38.00 | 42.59 | |
| Operating Profit | 8.58 | 7.95 | 3.75 | 8.66 | 3.43 | 8.02 | 1.63 | 3.49 |
| OPM % | 14.05% | 11.72% | 9.51% | 16.07% | 7.17% | 15.02% | 4.11% | 7.57% |
| 0.15 | 0.31 | 2.26 | 1.14 | 1.88 | 0.23 | -2.62 | 0.47 | |
| Interest | 0.74 | 0.51 | 0.05 | 0.11 | 0.45 | 0.28 | 0.50 | 0.32 |
| Depreciation | 0.95 | 0.90 | 1.75 | 1.26 | 1.42 | 3.09 | 3.13 | 3.68 |
| Profit before tax | 7.04 | 6.85 | 4.21 | 8.43 | 3.44 | 4.88 | -4.62 | -0.04 |
| Tax % | 23.86% | 32.85% | 27.79% | 28.71% | 29.65% | 27.25% | 23.81% | -475.00% |
| 5.36 | 4.60 | 3.04 | 6.02 | 2.41 | 3.54 | -3.53 | -0.23 | |
| EPS in Rs | 7.15 | 4.47 | 2.95 | 5.84 | 2.35 | 3.45 | -3.44 | -0.22 |
| Dividend Payout % | 0.00% | 3.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 62% |
| 1 Year: | 151% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 1% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.00 | 8.20 | 8.20 | 8.20 | 10.25 | 10.25 | 10.25 | 10.25 |
| Reserves | 25.63 | 49.42 | 52.58 | 58.60 | 58.96 | 61.04 | 57.45 | 57.33 |
| 7.19 | 0.00 | 0.00 | 0.00 | 5.35 | 0.62 | 3.97 | 3.20 | |
| 6.33 | 7.55 | 3.28 | 5.99 | 3.89 | 7.25 | 5.56 | 9.04 | |
| Total Liabilities | 45.15 | 65.17 | 64.06 | 72.79 | 78.45 | 79.16 | 77.23 | 79.82 |
| 8.73 | 10.80 | 12.50 | 26.80 | 37.53 | 28.10 | 36.31 | 33.60 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.15 | 1.60 | 1.60 |
| Investments | 1.01 | 22.01 | 24.66 | 1.93 | 1.75 | 2.04 | 1.94 | 1.49 |
| 35.41 | 32.36 | 26.90 | 44.06 | 39.17 | 37.87 | 37.38 | 43.13 | |
| Total Assets | 45.15 | 65.17 | 64.06 | 72.79 | 78.45 | 79.16 | 77.23 | 79.82 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| -4.29 | -4.96 | -2.84 | 15.86 | 9.90 | 1.54 | 1.45 | 0.71 | |
| -0.80 | -2.97 | -3.33 | -15.61 | -10.90 | -4.01 | -5.69 | 0.50 | |
| 5.17 | 14.82 | 0.00 | -0.06 | 4.62 | -0.46 | 2.96 | -1.19 | |
| Net Cash Flow | 0.07 | 6.90 | -6.17 | 0.19 | 3.62 | -2.93 | -1.28 | 0.02 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62.23 | 29.17 | 38.78 | 104.19 | 74.13 | 60.35 | 75.98 | 51.64 |
| Inventory Days | 264.20 | 158.45 | 223.01 | 239.67 | 198.70 | 175.08 | 260.16 | 340.96 |
| Days Payable | 84.29 | 104.66 | 53.95 | 79.62 | 48.31 | 29.56 | 16.66 | 38.34 |
| Cash Conversion Cycle | 242.13 | 82.96 | 207.83 | 264.25 | 224.51 | 205.87 | 319.49 | 354.26 |
| Working Capital Days | 143.53 | 53.77 | 144.65 | 188.12 | 159.70 | 172.18 | 241.86 | 207.13 |
| ROCE % | 15.26% | 4.86% | 12.70% | 4.20% | 7.05% | -1.48% | 0.38% |
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.