Nitiraj Engineers Ltd

About

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 43.5 Cr.
  • Current Price 42.4
  • High / Low 66.0 / 38.2
  • Stock P/E 12.3
  • Book Value 67.5
  • Dividend Yield 0.00 %
  • ROCE 6.92 %
  • ROE 5.11 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.65% over past five years.
  • Company has a low return on equity of 5.48% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Dec 2019 Mar 2020 Jun 2020 Mar 2021 Jun 2021
0.00 37.31 26.00 21.87 7.07 15.19 4.99
0.00 29.91 23.75 20.52 6.77 13.57 4.68
Operating Profit 0.00 7.40 2.25 1.35 0.30 1.62 0.31
OPM % 19.83% 8.65% 6.17% 4.24% 10.66% 6.21%
Other Income 0.00 0.78 0.05 1.83 0.08 0.14 0.06
Interest 0.00 0.07 0.18 0.27 0.15 0.04 0.08
Depreciation 0.00 0.64 0.56 0.86 0.75 0.79 0.72
Profit before tax 0.00 7.47 1.56 2.05 -0.52 0.93 -0.43
Tax % 28.51% 25.00% 31.22% 0.00% 30.11% 2.33%
Net Profit 0.00 5.32 1.14 1.27 -0.52 0.66 -0.41
EPS in Rs 0.00 5.17 1.11 1.24 -0.51 0.64 -0.40

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
61.06 67.81 39.44 53.88 47.86 53.40
52.48 59.86 35.69 45.22 44.43 45.38
Operating Profit 8.58 7.95 3.75 8.66 3.43 8.02
OPM % 14.05% 11.72% 9.51% 16.07% 7.17% 15.02%
Other Income 0.15 0.31 2.26 1.14 1.88 0.23
Interest 0.74 0.51 0.05 0.11 0.45 0.28
Depreciation 0.95 0.90 1.75 1.26 1.42 3.09
Profit before tax 7.04 6.85 4.21 8.43 3.44 4.88
Tax % 23.86% 32.85% 27.79% 28.71% 29.65% 27.25%
Net Profit 5.36 4.60 3.04 6.02 2.41 3.54
EPS in Rs 7.15 4.47 2.95 5.84 2.35 3.45
Dividend Payout % 0.00% 3.92% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:11%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:-8%
3 Years:20%
TTM:100%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:3%
1 Year:-19%
Return on Equity
10 Years:%
5 Years:6%
3 Years:5%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
6.00 8.20 8.20 8.20 10.25
Reserves 25.63 49.42 52.58 58.60 58.96
Borrowings 7.19 0.00 0.00 0.00 5.35
6.33 7.55 3.28 5.99 3.89
Total Liabilities 45.15 65.17 64.06 72.79 78.45
8.73 10.80 12.50 26.80 37.53
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 1.01 22.01 24.66 1.93 1.75
35.41 32.36 26.90 44.06 39.17
Total Assets 45.15 65.17 64.06 72.79 78.45

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-4.29 -4.96 -2.84 15.86 9.90 6.64
-0.80 -2.97 -3.33 -15.61 -10.90 -4.01
5.17 14.82 0.00 -0.06 4.62 -5.54
Net Cash Flow 0.07 6.90 -6.17 0.19 3.62 -2.92

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 62.23 29.17 38.78 104.19 74.13
Inventory Days 264.20 158.45 223.01 239.67 198.70
Days Payable 84.29 104.66 53.95 79.62 48.31
Cash Conversion Cycle 242.13 82.96 207.83 264.25 224.51
Working Capital Days 143.53 53.77 144.65 188.12 159.70
ROCE % 15.26% 4.86% 12.70% 4.20%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Recent announcements


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Annual reports