Nitiraj Engineers Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: NITIRAJ | Engineering - Industrial Equipments | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Nitiraj Engineers

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Nitiraj Engineers stock performance -

mw4me loader
P/E Ratio (SA):
40.34
Market Cap:
179.4 Cr.
52-wk low:
0
52-wk high:
0

Is Nitiraj Engineers Ltd an attractive stock to invest in?

1. Is Nitiraj Engineers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nitiraj Engineers Ltd is a below average quality company.

2. Is Nitiraj Engineers Ltd undervalued or overvalued?

The key valuation ratios of Nitiraj Engineers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Nitiraj Engineers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nitiraj Engineers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nitiraj Engineers:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Nitiraj Engineers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.3%16.2%17%10.1%5.3%9.7%3.2%5.2%-1.2%-0%-
Value Creation
Index
0.20.20.2-0.3-0.6-0.3-0.8-0.6-1.1-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4143.556.453.538.853.947.953.439.646.159
Sales YoY Gr.-6.1%29.6%-5.1%-27.4%38.8%-11.1%11.5%-25.8%16.3%-
Adj EPS 31.133.57.34.5361.93.5-1.2-0.24.3
YoY Gr.-7.6%-78.1%-38.8%-33%98%-68.1%86.3%-133.6%NA-
BVPS (₹) 191224.444.656.259.365.367.869.966.665.970.4
Adj Net
Profit
3.94.25.54.63.16.11.93.6-1.2-0.24
Cash Flow from Ops. 5.7-2.9-2.6-5-2.815.99.91.51.50.7-
Debt/CF from Ops. 0-0.7-2.80000.502.64.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.3%3.5%-1.3%16.3%
Adj EPS -158.2%-160.3%-150.2%NA
BVPS-11.2%2.1%-0.9%-0.9%
Share Price - 33% 56.7% 140.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.716.117.910.15.29.62.95.1-1.7-0.46.4
Op. Profit
Mgn %
13.914.115.214.99.716.27.515.24.57.715.4
Net Profit
Mgn %
9.59.69.88.67.911.34.16.8-3.1-0.57.5
Debt to
Equity
00.10.20000.100.10-
Working Cap
Days
148172189160233223295245329304119
Cash Conv.
Cycle
9111414410113914619113819419588

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.40%

Sales growth is good in last 4 quarters at 29.61%

Sales growth has been subdued in last 3 years -1.27%

Latest Financials - Nitiraj Engineers Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 -0.2
TTM Sales (₹ Cr.) 59.2 46.1
BVPS (₹.) 70.4 65.9
Reserves (₹ Cr.) 62 57
P/BV 2.48 2.65
PE 40.34 0.00
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 179
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 50.3

Management X-Ray of Nitiraj Engineers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nitiraj Engineers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales41445653395448534046
Operating Expenses 35374846354544453843
Manufacturing Costs5464355544
Material Costs21222726202726292225
Employee Cost 4445545555
Other Costs 6811116109778
Operating Profit 6698494824
Operating Profit Margin (%) 13.9%14.1%15.2%14.9%9.7%16.1%7.5%15.2%4.5%7.7%
Other Income 0000212010
Interest 0011000000
Depreciation 1111211334
Exceptional Items 00000000-30
Profit Before Tax 56774845-40
Tax 11221211-10
Profit After Tax 44653634-30
PAT Margin (%) 9.5%9.6%9.8%8.6%7.9%11.3%5.4%6.8%-8.5%-0.8%
Adjusted EPS (₹)5.25.67.34.53.05.92.53.5-3.3-0.4
Dividend Payout Ratio (%)0%0%0%5%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 24283458616769726868
Share Capital 11688810101010
Reserves 23272849535959615857
Minority Interest0000000000
Debt0270005043
Long Term Debt0000000000
Short Term Debt0270005043
Trade Payables3232122213
Others Liabilities 6566243646
Total Liabilities 33374965647381807779

Fixed Assets

Gross Block16181811132839314243
Accumulated Depreciation5560011359
Net Fixed Assets12121211132738283633
CWIP 00000001122
Investments 001222522221
Inventories7132011121714141523
Trade Receivables7610541510987
Cash Equivalents 4118125211
Others Assets455891012141212
Total Assets 33374965647381807779

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6-3-3-5-31610211
PBT 56754845-40
Adjustment 1110221474
Changes in Working Capital 1-7-10-10-965-70-3
Tax Paid -1-2-10000-1-10
Cash Flow From Investing Activity -1-2-2-3-3-16-11-4-60
Capex -1-2-1-3-3-14-9-3-4-1
Net Investments 00-100-1-1000
Others 0000000-1-21
Cash Flow From Financing Activity -1141500503-1
Net Proceeds from Shares 00022000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-10000000
Dividend Paid 0000000000
Others -125-700503-1
Net Cash Flow 3-307-604-3-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.7416.1217.8910.115.199.53.795.15-4.8-0.55
ROCE (%)23.2821.5222.6114.987.2613.465.727.17-5.520.19
Asset Turnover Ratio1.371.251.311.190.610.810.630.670.510.59
PAT to CFO Conversion(x)1.5-0.75-0.5-1-12.673.330.5N/AN/A
Working Capital Days
Receivable Days60555443446495637858
Inventory Days5882106841109812095133152
Payable Days40372831262534302826

Nitiraj Engineers Ltd Stock News

Nitiraj Engineers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nitiraj Engineers on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Nitiraj Engineers stood at ₹179.4.
The latest P/E ratio of Nitiraj Engineers as of 01-Jan-1970 05:30 is 40.34.
The latest P/B ratio of Nitiraj Engineers as of 01-Jan-1970 05:30 is 2.48.
The 52-week high of Nitiraj Engineers is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitiraj Engineers is ₹59.23 ( Cr.) .

About Nitiraj Engineers Ltd

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