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10 Yrs X-Ray 
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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
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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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹200 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.4
TTM Sales
₹54.7 Cr.
Book Value per Share
₹81.3
P/E Ratio
82.95
Higher than its 5-year historical median
Industry PE
52.1
Price to Book (P/B)
2.40
Higher than its 5-year historical median
Price to Sales (P/S)
3.65
Higher than its 5-year historical median
EV/EBITDA
28.57
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
1.28%
Underperforms industry median
Return on Capital Employed (ROCE)
1.79%
Underperforms industry median
Return on Assets (ROA)
1.14%
Underperforms industry median
Operating Profit Margin
7.5%
Underperforms industry median
Net Profit Margin
2.29%
Underperforms industry median
Gross Profit Margin
10.6%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-39.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.51%
Net Profit Growth (1 Year)
-
-78.05%
Asset Quality
Promoter Holding
69.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹73 Cr.
Equity
₹10.3 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00
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Quality
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Valuation
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Price Trend
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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?
Revenue growth of Nitiraj Engineers Ltd vs industry peers?
Nitiraj Engineers Ltd revenue CAGR is -2.77%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Nitiraj Engineers Ltd?
Promoters hold 69.28% of the Nitiraj Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Nitiraj Engineers Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 31.03% 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 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.
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15% | 7.3% | 13.5% | 5.7% | 7.2% | -5.5% | 0.2% | 21.3% | 8.4% | 1.8% | - |
| Value Creation Index ⓘ | 0.1 | -0.5 | 0.0 | -0.6 | -0.5 | -1.4 | -1.0 | 0.5 | -0.4 | -0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 53.5 | 38.8 | 53.9 | 47.9 | 53.4 | 39.6 | 46.1 | 100 | 76.5 | 46.4 | 55 |
| Sales YoY Gr. | - | -27.4% | 38.8% | -11.1% | 11.5% | -25.8% | 16.3% | 118% | -23.8% | -39.4% | - |
| Adj EPS ⓘ | 4.5 | 3 | 6 | 1.9 | 3.5 | -1.2 | -0.2 | 11.6 | 4.5 | 0.7 | 2.4 |
| YoY Gr. | - | -33% | 98% | -68.1% | 86.3% | -133.6% | NA | NA | -61.5% | -84.6% | - |
| BVPS (₹) ⓘ | 56.2 | 59.3 | 65.3 | 67.8 | 69.9 | 66.6 | 65.9 | 77.7 | 80.8 | 80.3 | 81.3 |
| Adj Net Profit ⓘ | 4.6 | 3.1 | 6.1 | 1.9 | 3.6 | -1.2 | -0.2 | 11.9 | 4.6 | 0.7 | 2 |
| Cash Flow from Ops. ⓘ | -5 | -2.8 | 15.9 | 9.9 | 1.5 | 1.5 | 0.7 | 17.9 | 14.2 | -3.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0.5 | 0 | 2.6 | 4.2 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1.6% | -2.8% | 0.2% | -39.4% | ||||
| Adj EPS ⓘ | -18.8% | -27.9% | NA | -84.6% | ||||
| BVPSⓘ | 4.1% | 2.8% | 6.8% | -0.6% | ||||
| Share Price | - | 31% | 20.3% | -2.8% | ||||
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 % ⓘ | 10.1 | 5.2 | 9.6 | 2.9 | 5.1 | -1.7 | -0.4 | 16.2 | 5.7 | 0.9 | 2.9 |
| Op. Profit Mgn % ⓘ | 14.9 | 9.7 | 16.2 | 7.5 | 15.2 | 4.5 | 7.7 | 18.3 | 12.2 | 7.5 | 10 |
| Net Profit Mgn % ⓘ | 8.6 | 7.9 | 11.3 | 4.1 | 6.8 | -3.1 | -0.5 | 11.8 | 6 | 1.5 | 4.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 160 | 233 | 223 | 295 | 245 | 329 | 304 | 154 | 184 | 297 | 192 |
| Cash Conv. Cycle ⓘ | 101 | 139 | 146 | 191 | 138 | 194 | 195 | 97 | 115 | 178 | 162 |
Valuation of Nitiraj Engineers - Standalone
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 53 | 39 | 54 | 48 | 53 | 40 | 46 | 100 | 77 | 46 |
| Operating Expenses ⓘ + | 46 | 35 | 45 | 44 | 45 | 38 | 43 | 82 | 67 | 43 |
| Operating Profit ⓘ | 8 | 4 | 9 | 4 | 8 | 2 | 4 | 18 | 9 | 3 |
| Operating Profit Margin (%) | 14.9% | 9.7% | 16.1% | 7.5% | 15.2% | 4.5% | 7.7% | 18.3% | 12.2% | 7.5% |
| Other Income ⓘ + | 0 | 2 | 1 | 2 | 0 | 1 | 0 | 1 | 1 | 2 |
| Interest ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 2 | 1 | 1 | 3 | 3 | 4 | 3 | 4 | 4 |
| Profit Before Tax ⓘ | 7 | 4 | 8 | 4 | 5 | -4 | -0 | 16 | 7 | 1 |
| Tax ⓘ | 2 | 1 | 2 | 1 | 1 | -1 | 0 | 4 | 2 | 0 |
| Profit After Tax | 5 | 3 | 6 | 3 | 4 | -3 | -0 | 12 | 5 | 1 |
| PAT Margin (%) | 8.6% | 7.9% | 11.3% | 5.4% | 6.8% | -8.5% | -0.8% | 12.0% | 6.3% | 2.3% |
| Adjusted EPS (₹) | 4.5 | 3.0 | 5.9 | 2.5 | 3.5 | -3.3 | -0.4 | 11.7 | 4.7 | 1.0 |
| Dividend Payout Ratio (%) | 5.40% | 0% | 0% | 0% | 0% | 0% | 0% | 12.80% | 31.80% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 58 | 61 | 67 | 69 | 72 | 68 | 68 | 80 | 83 | 82 | |
| Debt + | 0 | 0 | 0 | 5 | 0 | 4 | 3 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 2 | 1 | 2 | 2 | 2 | 1 | 3 | 3 | 2 | 2 | |
| Others Liabilities ⓘ | 6 | 2 | 4 | 3 | 6 | 4 | 6 | 11 | 8 | 9 | |
| Total Liabilities ⓘ | 65 | 64 | 73 | 81 | 80 | 77 | 79 | 93 | 93 | 93 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 11 | 13 | 27 | 38 | 28 | 36 | 33 | 32 | 35 | 37 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 11 | 2 | 2 | 2 | 2 | 2 | |
| Investments ⓘ | 22 | 25 | 2 | 2 | 2 | 2 | 1 | 12 | 19 | 8 | |
| Inventories | 11 | 12 | 17 | 14 | 14 | 15 | 23 | 18 | 16 | 23 | |
| Trade Receivables | 5 | 4 | 15 | 10 | 9 | 8 | 7 | 13 | 7 | 5 | |
| Cash Equivalents | 8 | 1 | 2 | 5 | 2 | 1 | 1 | 3 | 3 | 4 | |
| Others Assets ⓘ | 8 | 9 | 10 | 12 | 14 | 12 | 12 | 13 | 11 | 15 | |
| Total Assets ⓘ | 65 | 64 | 73 | 81 | 80 | 77 | 79 | 93 | 93 | 93 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -5 | -3 | 16 | 10 | 2 | 1 | 1 | 18 | 14 | -3 |
| Cash Flow From Investing Activity ⓘ + | -3 | -3 | -16 | -11 | -4 | -6 | 0 | -13 | -12 | 6 |
| Cash Flow From Financing Activity ⓘ + | 15 | -0 | -0 | 5 | -0 | 3 | -1 | -3 | -2 | -2 |
| Net Cash Flow ⓘ | 7 | -6 | 0 | 4 | -3 | -1 | 0 | 2 | -0 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.11 | 5.19 | 9.5 | 3.79 | 5.15 | -4.8 | -0.55 | 16.35 | 5.95 | 1.28 |
| ROCE (%) | 14.98 | 7.26 | 13.46 | 5.72 | 7.17 | -5.52 | 0.19 | 21.34 | 8.4 | 1.79 |
| Asset Turnover Ratio | 1.19 | 0.61 | 0.81 | 0.63 | 0.67 | 0.51 | 0.59 | 1.17 | 0.83 | 0.5 |
| PAT to CFO Conversion(x) | -1 | -1 | 2.67 | 3.33 | 0.5 | N/A | N/A | 1.5 | 2.8 | -3 |
| Working Capital Days | ||||||||||
| Receivable Days | 42.60 | 44.50 | 64.20 | 94.70 | 62.90 | 77.90 | 58.10 | 35 | 46.50 | 44.90 |
| Inventory Days | 84.20 | 110.10 | 97.80 | 119.50 | 94.60 | 132.90 | 151.80 | 74.50 | 81.80 | 152.50 |
| Payable Days | 30.80 | 26.40 | 24.90 | 33.90 | 29.90 | 27.80 | 26.50 | 16.40 | 23 | 40.30 |
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Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
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 ₹199.7 Cr
The latest P/E ratio of Nitiraj Engineers as of 31-Dec-1969 is 82.95.
The latest P/B ratio of Nitiraj Engineers as of 31-Dec-1969 is 2.40.
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 ₹54.72 ( 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 Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nitiraj Engineers Ltd is likely to Fall 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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