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10 Yrs X-Ray 
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Analyst Note 
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About
Nidhi Granites Ltd (512103)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512103 NSE: Finance - Others | Small Cap | Nidhi Granites Share Price
₹241.70 1.70 (0.71%)
As on 30-Sep'26 16:59
Nidhi Granites Ltd (512103)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512103 NSE: Finance - Others | Small Cap | Nidhi Granites Share Price
₹241.70 1.70 (0.71%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹192 Cr.
Current Price
₹241.7
52-Week Low / High
₹181 / 481
TTM EPS
₹10.4
TTM Sales
₹61.2 Cr.
Book Value per Share
₹31.8
P/E Ratio
23.04
Industry PE
51.6
Price to Book (P/B)
7.55
Higher than its 5-year historical median
Price to Sales (P/S)
3.14
Lower than its 5-year historical median
EV/EBITDA
13.68
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
41.03%
Outperforms industry median
Return on Capital Employed (ROCE)
52.74%
Outperforms industry median
Return on Assets (ROA)
27.86%
Operating Profit Margin
21.4%
Net Profit Margin
11.77%
Gross Profit Margin
18.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
0%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
734.46%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
300%
Asset Quality
Promoter Holding
66.75%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17 Cr.
Equity
₹8 Cr.
Face Value
₹10
All Time Low / High
₹3.00 / 480.75
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Nidhi Granites Ltd a good quality company?
Nidhi Granites Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Nidhi Granites Ltd performance compare with that of its Peers?
Revenue growth of Nidhi Granites Ltd vs industry peers?
Nidhi Granites Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Nidhi Granites Ltd?
Promoters hold 66.75% of the Nidhi Granites Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Nidhi Granites Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nidhi Granites Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.1% | -2% | 1% | -15.2% | 0.8% | -2.1% | 2.3% | 0.6% | 10.2% | -12.4% | - |
| Value Creation Index ⓘ | -1.0 | -1.2 | -0.9 | -2.1 | -0.9 | -1.2 | -0.8 | -1.0 | -0.3 | -1.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0.2 | 0 | 0 | 0.1 | 0 | 0 | 0.3 | 0.3 | 0.2 | 0.2 | 0 |
| Sales YoY Gr. | - | -90.9% | 50% | 133.3% | -100% | NA | NA | -3.5% | -39.3% | 0% | - |
| Adj EPS ⓘ | 0 | -0.3 | -0 | -0.7 | 0.5 | -0.5 | 0.2 | 0 | 1.3 | -0.2 | -0.9 |
| YoY Gr. | - | NA | NA | NA | NA | -193.8% | NA | -81% | 3075% | -118.9% | - |
| BVPS (₹) ⓘ | 14.1 | 13.8 | 15.5 | 13.7 | 14.1 | 13.7 | 14.5 | 14.5 | 15.8 | 14.2 | 14.5 |
| Adj Net Profit ⓘ | 0 | -0 | -0 | -0.1 | 0.1 | -0.1 | 0.1 | 0 | 1 | -0.2 | -1 |
| Cash Flow from Ops. ⓘ | -0.6 | -0.1 | -0.2 | -0.1 | -0.2 | -0.2 | -0.4 | 0.1 | -0.2 | 0.1 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.8% | NA | -16.3% | 0% | ||||
| Adj EPS ⓘ | NA | -187.1% | -204.6% | -118.9% | ||||
| BVPSⓘ | 0.1% | 0.1% | -0.7% | -10.1% | ||||
| Share Price | 29.4% | 40% | 92% | -35.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | -2.1 | -0.3 | -5 | 3.4 | -2.1 | 1.7 | 0.3 | 8.4 | -1.6 | -6.2 |
| Op. Profit Mgn % ⓘ | -28.1 | -789.7 | -543.3 | -215.5 | -22718.1 | 0 | -37.3 | -67.1 | -91.8 | 28.7 | -132.8 |
| Net Profit Mgn % ⓘ | 0.2 | -200.3 | -22.5 | -148.1 | 11841.3 | 0 | 38.5 | 10.7 | 579.6 | -109 | -339.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 517 | 837 | 825 | 237 | 1,873 | 0 | 200 | 213 | 112 | 137 | 48 |
| Cash Conv. Cycle ⓘ | 176 | 793 | 799 | 232 | 1,160 | 0 | 172 | 173 | -3 | -10 | 44 |
Valuation of Nidhi Granites - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Income + | 0 | 16 | 26 | 39 | 47 | 65 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 1 | 2 | 0 |
| Expenditure ⓘ + | 0 | 15 | 25 | 38 | 45 | 55 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 1 | 1 | 3 | 11 |
| Taxes ⓘ | -0 | 0 | 0 | 0 | 1 | 3 |
| Profit After Tax | 0 | 0 | 0 | 1 | 2 | 8 |
| Adjusted EPS (₹) | 0.5 | 2.0 | 0.8 | 0.9 | 2.4 | 9.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 2 | 2 | 8 | 13 | 15 | 23 | ||||
| Short term borrowings | 0 | 1 | 2 | 3 | 3 | 2 | ||||
| Long Term Borrowings | 0 | 0 | 1 | 1 | 0 | 1 | ||||
| Current Liabilities | 0 | 3 | 7 | 8 | 7 | 9 | ||||
| Trade Payables | 0 | 2 | 4 | 4 | 3 | 5 | ||||
| Other Liabilities | -0 | -0 | -5 | -7 | -6 | -6 | ||||
| Total Liabilities ⓘ | 2 | 8 | 17 | 22 | 22 | 33 | ||||
Assets | ||||||||||
| Non Current Asset + | 0 | 1 | 3 | 4 | 7 | 11 | ||||
| Current Asset + | 2 | 7 | 14 | 18 | 15 | 22 | ||||
| Total Assets ⓘ | 2 | 8 | 17 | 22 | 22 | 33 | ||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0 | 0 | -2 | -1 | 2 | 6 |
| Cash Flow From Investing Activity ⓘ | 2 | -3 | -1 | -3 | -0 | -1 |
| Cash Flow From Financing Activity ⓘ | 0 | 2 | 5 | 3 | -1 | -2 |
| Net Cash Flow ⓘ | 2 | -1 | 3 | -1 | 0 | 3 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 1 | 4.10 | 1.70 | 1.70 | 2.40 | 9.60 | ||||
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| BVPS (₹) | 28.3 | 32.4 | 31.6 | 32.4 | 18.6 | 28.2 | ||||
Performance Ratios | ||||||||||
| ROA (%) | 3.4 | 5.9 | 3.5 | 3.5 | 8.7 | 27.9 | ||||
| ROE (%) | 3.4 | 13.4 | 8.1 | 6.4 | 13.8 | 41.0 | ||||
| ROCE (%) | 0.8 | 16.0 | 9.8 | 10.1 | 17.0 | 52.7 | ||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.3 | 3.2 | 2.1 | 6.8 | 7.5 | 7.9 | ||||
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Announcements
Nidhi Granites Ltd FAQs
The current trading price of Nidhi Granites on 30-Sep-2026 16:59 is ₹241.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2026 the market cap of Nidhi Granites stood at ₹192.0 Cr
The latest P/E ratio of Nidhi Granites as of 29-Sep-2026 is 0.00.
The latest P/B ratio of Nidhi Granites as of 29-Sep-2026 is 16.51.
The 52-week high of Nidhi Granites is ₹480.8 and the 52-week low is ₹181.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nidhi Granites is ₹0.21 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nidhi Granites Ltd is a below average quality company.
The key valuation ratios of Nidhi Granites Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nidhi Granites Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Nidhi Granites Ltd
Based in heritage city of India, Nidhi Granites is known for its high quality Products. Over the years, it has developed high specialization in production of Granites, Marble, Sandstone, Slate, Limes tones, Mosaic, Cobbles, Paving stone. Nidhi Granites has been operating for the past 26 years from its main office at Tukra Road, Industrial Area, Madanganj-Kishangarh.
Company’s strong infrastructure, complete in-house manufacturing process coupled with skilled team of moulders enables it to bring out very high quality products at low production cost and in relatively short time. These are the factors behind its exceptional growth continuously.
The dedicated team members of the company care about the quality of their work. Nidhi Granites performs a wide variety of manufacturing of Granites, Marble, Sandstone, Slate, Limestones, Mosaic, Cobbles, Paving stone. In many cases, no one else can even come close to them.
Product range of the company includes:
- Granite
- Marble
- Sandstone
- Slate
- Limestone
- Mosaic
- Cobbles
- Paving stones
The Marble slabs and tiles of the company are widely used in buildings monuments and sculptures.It offers a customized range of Sandstone and Limestone Products.
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