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Nitiraj Engineers Ltd (NITIRAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: NITIRAJ Engineering - Industrial Equipments | Small Cap | Nitiraj Engineers Share Price

BSE Share Price
Not Listed

Nitiraj Engineers Ltd (NITIRAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: NITIRAJ Engineering - Industrial Equipments | Small Cap | Nitiraj Engineers Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹194 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹1
TTM Sales
₹46.4 Cr.
Book Value per Share
₹80.3
P/E Ratio
182.37
Higher than its 5-year historical median
Industry PE
59.4
Price to Book (P/B)
2.35
Higher than its 5-year historical median
Price to Sales (P/S)
4.17
Higher than its 5-year historical median
EV/EBITDA
37.79
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
5.95%
Underperforms industry median
Return on Capital Employed (ROCE)
8.40%
Underperforms industry median
Return on Assets (ROA)
5.17%
Operating Profit Margin
12.3%
Net Profit Margin
6.31%
Gross Profit Margin
13.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-23.82%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-48.72%
Net Profit Growth (1 Year)
-
-59.88%
Asset Quality
Promoter Holding
69.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹72 Cr.
Equity
₹10.3 Cr.
Face Value
₹10
All Time Low / High
- / -

Nitiraj Engineers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Nitiraj Engineers Ltd a good quality company?
Nitiraj Engineers 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 Nitiraj Engineers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nitiraj Engineers Ltd vs industry peers?
Nitiraj Engineers Ltd revenue CAGR is 9.83%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nitiraj Engineers Ltd?
Promoters hold 69.07% of the Nitiraj Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nitiraj Engineers Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 31.59% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 22.6%15%7.3%13.5%5.7%7.2%-5.5%0.2%21.3%8.4%-
Value Creation
Index
0.60.1-0.50.0-0.6-0.5-1.4-1.00.5-0.4-

Growth Parameters

Sales 56.453.538.853.947.953.439.646.110076.546
Sales YoY Gr.--5.1%-27.4%38.8%-11.1%11.5%-25.8%16.3%118%-23.8%-
Adj EPS 7.34.5361.93.5-1.2-0.211.64.51
YoY Gr.--38.8%-33%98%-68.1%86.3%-133.6%NANA-61.5%-
BVPS (₹) 44.656.259.365.367.869.966.665.977.780.880.3
Adj Net
Profit
5.54.63.16.11.93.6-1.2-0.211.94.61
Cash Flow from Ops. -2.6-5-2.815.99.91.51.50.717.914.2-
Debt/CF from Ops. -2.80000.502.64.200-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.5%9.8%24.5%-23.8%
Adj EPS -5.4%18.7%NA-61.5%
BVPS6.8%3.6%6.7%4%
Share Price - 30.5% 30.7% -8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.910.15.29.62.95.1-1.7-0.416.25.71.3
Op. Profit
Mgn %
15.214.99.716.27.515.24.57.718.312.37.6
Net Profit
Mgn %
9.88.67.911.34.16.8-3.1-0.511.862.3
Debt to
Equity
0.20000.100.10000
Working Cap
Days
189160233223295245329304154188192
Cash Conv.
Cycle
14410113914619113819419597115162

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales565339544853404610077
Operating Expenses + 48463545444538438267
Manufacturing Costs6435554465
Material Costs27262027262922255837
Employee Cost 4554555567
Other Costs 111161097781219
Operating Profit 98494824189
Operating Profit Margin (%) 15.2%14.9%9.7%16.1%7.5%15.2%4.5%7.7%18.3%12.3%
Other Income + 0021201011
Exceptional Items 000000-3-000
Interest 1100000000
Depreciation 1121133434
Profit Before Tax 774845-4-0167
Tax 221211-1042
Profit After Tax 653634-3-0125
PAT Margin (%) 9.8%8.6%7.9%11.3%5.4%6.8%-8.5%-0.8%12.0%6.3%
Adjusted EPS (₹)7.34.53.05.92.53.5-3.3-0.411.74.7
Dividend Payout Ratio (%)0%5.40%0%0%0%0%0%0%12.80%31.80%

Valuation of Nitiraj Engineers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 34586167697268688083
Share Capital 6888101010101010
Reserves 28495359596158576973
Debt +7000504300
Long Term Debt0000000000
Short Term Debt7000504300
Minority Interest0000000000
Trade Payables3212221332
Others Liabilities 66243646119
Total Liabilities 49656473818077799394

Fixed Assets

Net Fixed Assets +12111327382836333235
Gross Block18111328393142434550
Accumulated Depreciation600113591215
CWIP 00000112222
Investments 12225222211219
Inventories20111217141415231816
Trade Receivables10541510987137
Cash Equivalents 1812521133
Others Assets 58910121412121312
Total Assets 49656473818077799394

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -3-5-316102111814
PBT 754845-4-0167
Adjustment 1022147433
Changes in Working Capital -10-10-965-70-315
Tax Paid -10000-1-10-2-1
Cash Flow From Investing Activity + -2-3-3-16-11-4-60-13-12
Capex -1-3-3-14-9-3-4-1-2-6
Net Investments -1-00-1-1-000-10-6
Others -000-00-1-21-0-0
Cash Flow From Financing Activity + 415-0-05-03-1-3-2
Net Proceeds from Shares 02200000000
Net Proceeds from Borrowing 0000000000
Interest Paid -10-0-0-0-0-0-0-0-0
Dividend Paid 000000000-2
Others 5-7005-03-1-3-0
Net Cash Flow 07-604-3-102-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.8910.115.199.53.795.15-4.8-0.5516.355.95
ROCE (%)22.6114.987.2613.465.727.17-5.520.1921.348.4
Asset Turnover Ratio1.311.190.610.810.630.670.510.591.170.82
PAT to CFO Conversion(x)-0.5-1-12.673.330.5N/AN/A1.52.8
Working Capital Days
Receivable Days53.8042.6044.5064.2094.7062.9077.9058.103546.50
Inventory Days106.2084.20110.1097.80119.5094.60132.90151.8074.5081.80
Payable Days28.2030.8026.4024.9033.9029.9027.8026.5016.4023

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nitiraj Engineers Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Nitiraj Engineers stood at ₹193.5 Cr

The latest P/E ratio of Nitiraj Engineers as of 31-Dec-1969 is 182.4.

The latest P/B ratio of Nitiraj Engineers as of 31-Dec-1969 is 2.35.

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 ₹46.41 ( Cr.) .

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

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

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.

About Nitiraj Engineers Ltd

Nitiraj Engineers was originally incorporated as Nitiraj Engineers Private Limited under Part IX of the Companies Act, 1956 and the Certificate of Incorporation was issued by the Assistant Registrar of Companies, Maharashtra, Mumbai on April 1, 1999. Subsequently, the company was converted into a Public Limited Company pursuant to Shareholders’ Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on June 8, 2015 and the name of the company was changed to Nitiraj Engineers Limited vide a fresh Certificate of Incorporation dated June 22, 2015 issued by the Deputy Registrar of Companies, Maharashtra, Mumbai.

The company has steadily evolved into one of India’s prominent manufacturers in the field of electronic weighing scale technology. Over the years, the company has expanded its product portfolio to include Electronic Weighing Scales and Systems, Currency Counting Machines, Security and Automation Products, and Electronic Fare Meters. These products cater to a broad customer base across both industrial and domestic segments, with specific applications for Industrial, Commercial, Jewellery, Healthcare, Household, and Automobile sectors. The company supply’s its products under the brand PHOENIX through its large network of dealers to its customers in India as well as abroad.

The company is already supplying 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. With the help of technology the task of record keeping, plotting, data management and reporting can be handled by the weighing machine systems itself. This provides the field staff and supervisory staff to focus on actual action points to achieve objectives of CGMS and ICDS rather than spending time on data management.

Business area of the company

The company is engaged in manufacturing and selling a wide range of products including Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, as well as providing DGCA-approved Remote Pilot Training Organisation (RPTO) services for drones/UAVs.

Product segments of the company 

  • Commercial Weighing Scales 
  • Mechanical Range Scales 
  • EMFR & Jewellery Range 
  • Health Range Scales 
  • Currency Counting & Home Automation

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