BSE: 512103 | NSE: | Finance - Others | Small Cap
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 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.3% | 4.2% | 3.3% | 0% | -2.1% | -0.3% | -5% | 3.4% | -2.1% | 1.7% | - |
| Value Creation Index ⓘ | -0.7 | -0.7 | -0.8 | -1.0 | -1.2 | -1.0 | -1.4 | -0.8 | -1.2 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0.1 | 0.2 | 0.2 | 0 | 0 | 0.1 | 0 | 0 | 0.3 | 0 |
| Sales YoY Gr. | - | NA | 214.3% | 0% | -90.9% | 50% | 133.3% | -100% | NA | NA | - |
| Adj EPS ⓘ | 1.1 | 1.1 | 0.9 | 0 | -0.6 | -0.1 | -1.5 | 1 | -0.9 | 0.4 | -0.2 |
| YoY Gr. | - | 1.8% | -17.1% | -98.9% | -5800% | NA | NA | NA | -194.7% | NA | - |
| BVPS (₹) ⓘ | 26.2 | 27.3 | 28.2 | 28.2 | 27.7 | 30.9 | 27.3 | 28.3 | 27.4 | 28.9 | 28.8 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | -0.1 | 0.1 | -0.1 | 0.1 | 0 |
| Cash Flow from Ops. ⓘ | 0 | 0.1 | -0.1 | -0.6 | -0.1 | -0.2 | -0.1 | -0.2 | -0.2 | -0.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 70.7% | 60.6% | NA | ||||
| Adj EPS ⓘ | -10.3% | NA | NA | NA | ||||
| BVPSⓘ | 1.1% | 0.9% | 1.9% | 5.7% | ||||
| Share Price | 32.3% | 45.8% | 83.5% | 198.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.3 | 4.2 | 3.3 | 0 | -2.1 | -0.3 | -5 | 3.4 | -2.1 | 1.7 | -0.7 |
| Op. Profit Mgn % ⓘ | -4023.5 | -8.2 | -40.9 | -28.1 | -789.7 | -543.3 | -215.5 | -22718.1 | 0 | -37.3 | -6.7 |
| Net Profit Mgn % ⓘ | 4637.9 | 119 | 31.3 | 0.2 | -200.3 | -22.5 | -148.1 | 11841.3 | 0 | 38.5 | -27.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 1,18,327 | 2,538 | 894 | 517 | 837 | 825 | 237 | 1,873 | 0 | 200 | 187 |
| Cash Conv. Cycle ⓘ | 23,506 | 622 | 235 | 176 | 793 | 799 | 232 | 1,160 | 0 | 172 | 186 |
Sales growth is growing at healthy rate in last 3 years 60.61%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.2 | 1.6 |
| TTM Sales (₹ Cr.) | 0.3 | 33.1 |
| BVPS (₹.) ⓘ | 28.8 | 32.2 |
| Reserves (₹ Cr.) ⓘ | 8 | 9 |
| P/BV ⓘ | 7.14 | 6.40 |
| PE ⓘ | 0.00 | 131.29 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 58.50 / 227.45 |
| All Time Low / High (₹) | 6.00 / 227.45 |
| Market Cap (₹ Cr.) | 82.3 |
| Equity (₹ Cr.) | 4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 0.17 | 0.17 | 0.39 | 0.29 | 0.15 | 0.21 | 0.13 | 0.15 | 0.11 | 0.54 |
| Interest Income | 0 | 0.07 | 0.22 | 0.22 | 0.02 | 0.03 | 0.07 | 0 | 0 | 0.29 |
| Other Income ⓘ | 0.16 | 0.10 | 0.17 | 0.07 | 0.13 | 0.18 | 0.06 | 0.15 | 0.11 | 0.25 |
| Expenditure ⓘ | 0.07 | 0.08 | 0.31 | 0.29 | 0.19 | 0.19 | 0.46 | 0.14 | 0.18 | 0.39 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 0.06 | 0.08 | 0.31 | 0.27 | 0.14 | 0.19 | 0.23 | 0.14 | 0.17 | 0.39 |
| Provisions | 0.01 | 0 | 0 | 0.02 | 0.05 | 0 | 0.23 | 0 | 0.01 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.09 | 0.09 | 0.08 | 0 | -0.04 | 0.02 | -0.33 | 0.02 | -0.07 | 0.15 |
| Taxes ⓘ | 0.01 | 0 | 0.01 | 0 | 0 | 0.03 | -0.06 | -0.05 | 0 | 0.04 |
| Profit After Tax | 0.08 | 0.08 | 0.07 | 0 | -0.04 | -0.01 | -0.27 | 0.07 | -0.07 | 0.11 |
| Adjusted EPS (₹) | 1.1 | 1.1 | 0.9 | 0.0 | -0.6 | -0.1 | -3.6 | 1.0 | -0.9 | 0.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 1.96 | 2.05 | 2.12 | 2.12 | 2.07 | 2.32 | 2.05 | 2.12 | 2.05 | 7.67 |
| Share Capital ⓘ | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 2.65 |
| Reserves ⓘ | 1.21 | 1.30 | 1.37 | 1.37 | 1.32 | 1.57 | 1.30 | 1.37 | 1.30 | 5.02 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0.12 | 0.05 | 0 | 0 | 0.04 |
| Current Liabilities | 0.01 | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 2.35 | 0.98 |
| Total Liabilities ⓘ | 1.98 | 2.06 | 2.13 | 2.14 | 2.09 | 2.45 | 2.13 | 2.13 | 4.42 | 8.69 |
Assets | ||||||||||
| Non Current Asset | 1.70 | 1.83 | 1.82 | 2.03 | 1.98 | 2.30 | 2.07 | 0 | 4.26 | 6.33 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 1.70 | 1.83 | 1.82 | 2.03 | 1.98 | 2.30 | 2.07 | 0 | 4.26 | 6.33 |
| Current Asset | 0.28 | 0.23 | 0.31 | 0.11 | 0.11 | 0.15 | 0.06 | 2.13 | 0.16 | 2.36 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 0.28 | 0.23 | 0.31 | 0.11 | 0.11 | 0.15 | 0.06 | 2.13 | 0.16 | 2.36 |
| Total Assets ⓘ | 1.98 | 2.06 | 2.13 | 2.14 | 2.09 | 2.45 | 2.13 | 2.13 | 4.42 | 8.69 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.03 | 0.06 | -0.07 | -0.60 | -0.14 | -0.21 | -0.06 | -0.16 | -0.19 | -0.39 |
| Cash Flow From Investing Activity ⓘ | 0.06 | -0.11 | 0.03 | 0.69 | 0.13 | 0.20 | 0.06 | 2.22 | -4.15 | -1.82 |
| Cash Flow From Financing Activity ⓘ | 0 | 0 | 0.08 | -0.18 | 0.02 | 0 | 0 | 0 | 2.36 | 4.13 |
| Net Cash Flow ⓘ | 0.10 | -0.05 | 0.04 | -0.09 | 0.01 | -0.01 | 0 | 2.07 | -1.98 | 1.93 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 1 | 1 | 1 | 0 | -1 | 0 | -4 | 1 | -1 | 0 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 26 | 27 | 28 | 28 | 28 | 31 | 27 | 28 | 27 | 29 |
Performance Ratios | ||||||||||
| ROA (%) | 4.2 | 4.1 | 3.3 | 0.0 | -2.0 | -0.3 | -11.8 | 3.4 | -2.1 | 1.7 |
| ROE (%) | 4.3 | 4.2 | 3.3 | 0.0 | -2.1 | -0.3 | -12.4 | 3.4 | -3.3 | 2.3 |
| ROCE (%) | 4.7 | 4.4 | 3.7 | 0.1 | -2.0 | 1.0 | -15.2 | 0.8 | -2.1 | 2.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.5 | 1.2 | 0.9 | 0.8 | 0.7 | 1.0 | 0.8 | 1.3 | 3.8 | 2.3 |
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:
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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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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