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Nitiraj Engineers Limited NITIRAJ NSETECH

Technology · Scientific & Technical Instruments · India
https://www.nitiraj.net
Company Profile ↓
₹190.05
-4.28% 1Y
Mkt Cap₹194.82 Cr
P/E16.19
P/B2.27
Div. Yield0.82%
52W High₹221.75
52W Low₹171.85
Book Value₹80.32
EPS (TTM)₹11.74

Company Overview

Nitiraj Engineers Limited manufactures and sells various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighing Scales & Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales. It offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial, kitchen, baby weighing, person weighing, adult weighing, and body mass index scales; analytical weighing balances; special application indicators; growth monitoring devices; home automation devices; security solutions; as well as other security and automation products. The company also provides remote pilot training organisation (RPTO) services for drones/UAVs. It markets its products under the Phoenix brand name through regional branches and dealers. The company was incorporated in 1989 and is based in Dhule, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 128.8% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 16.2, below the sector median of 27.7.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.03.

Recent Developments

  • Mar 2026 Revenue of ₹46.41 Cr (-39.3% YoY); net profit ₹1.06 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -39.4%, earnings -78.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR 0.2%, profit CAGR 128.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:0.24%
1 Year:-39.35%

Compounded Profit Growth

5 Years:128.75%
1 Year:-78.05%

Stock Price Performance

1 Year:-4.28%
6 Months:+4.36%
3 Months:-9.00%
1 Month:-1.81%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 36% of range
₹171.85 ₹221.75
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)52.66 · Neutral
Price Performance
1M-1.81%
3M-9.00%
6M+4.36%
1Y-4.28%
Valuation vs Sector

P/E of 16.19 is below the sector median of 27.67 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Profit CAGR of 128.8% over 5 years.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
16.19
Industry PE
27.67
Forward P/E est.
32.38
PEG Ratio
-
Book Value
₹80.32
Price to Book
2.27
P/S
4.02
EV/EBITDA
49.89
Dividend Yield
0.82%

Growth (CAGR)

Revenue 5Y
0.24%
Profit 5Y
128.75%
Revenue (YoY)
-39.35%
Earnings (YoY)
-78.05%

Profitability & Returns

ROCE
1.71%
ROE
1.29%
ROA
1.14%
Profit Margin
2.29%
Op Margin
-0.02%
Gross Margin
58.30%
EPS (Latest Qtr)
₹-0.62
EPS (TTM)
₹11.74

Balance Sheet & Liquidity

Debt/Equity
0.03
Quick Ratio
5.52
Current Ratio
6.59
Debt
₹2.33 L
Total Assets
₹93.16 Cr
Current Assets
₹46.58 Cr
Working Capital
₹39.51 Cr

Ownership

Promoter Holding
-
Chg in Prom Hold
-
FII / Inst Holding
-
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹194.82 Cr
Total Revenue (TTM)
₹46.41 Cr
EBITDA
₹5.02 Cr
Free Cash Flow
₹-9.05 Cr
Operating Cash Flow
₹-3.43 Cr
Shares Outstanding
₹1.03 Cr
Gross Margin
58.30%
Payout Ratio
145.63%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NITIRAJ Nitiraj Engineers Limited NSETECH 190.05 16.19 ₹194.82 Cr 0.82% 1.71% 1.29% 0.24% 128.75%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Dec 2024Mar 2025Sep 2025Dec 2025Mar 2026
Revenue 26.00 Cr21.87 Cr7.07 Cr11.64 Cr15.19 Cr4.99 Cr8.78 Cr12.27 Cr13.59 Cr7.50 Cr15.85 Cr11.36 Cr11.37 Cr37.08 Cr22.61 Cr16.39 Cr11.31 Cr8.18 Cr
Cost of Revenue -------------17.16 Cr12.48 Cr6.64 Cr4.76 Cr3.00 Cr
Gross Profit -------------19.92 Cr10.12 Cr9.75 Cr6.55 Cr5.18 Cr
Operating Expenses 23.75 Cr20.52 Cr6.77 Cr10.07 Cr13.57 Cr4.68 Cr8.11 Cr11.31 Cr13.93 Cr6.90 Cr15.04 Cr10.28 Cr10.42 Cr11.23 Cr10.29 Cr7.95 Cr6.36 Cr6.39 Cr
Operating Income 1.69 Cr49.00 L-45.00 L80.00 L83.00 L-41.00 L-8.00 L18.00 L-1.22 Cr-29.00 L-10.00 L16.00 L-1.00 L8.69 Cr-16.56 L1.80 Cr18.50 L-1.21 Cr
EBITDA 2.25 Cr1.35 Cr30.00 L1.57 Cr1.62 Cr31.00 L67.00 L96.00 L-34.00 L60.00 L81.00 L1.08 Cr95.00 L9.70 Cr1.09 Cr3.12 Cr1.45 Cr6.87 L
Interest Expense 18.00 L27.00 L15.00 L4.00 L4.00 L8.00 L14.00 L13.00 L15.00 L14.00 L7.00 L8.00 L4.00 L7.07 L9.68 L3.26 L65,0001.96 L
Pretax Income 1.56 Cr2.05 Cr-52.00 L81.00 L93.00 L-43.00 L-4.00 L11.00 L-4.27 Cr-40.00 L-9.00 L15.00 L31.00 L8.71 Cr8.45 L2.18 Cr51.98 L-85.35 L
Tax Provision 39.00 L64.00 L-012.00 L28.00 L1.00 L-5.00 L4.00 L1.17 Cr10.00 L-19.00 L-20.00 L30.00 L2.19 Cr14.00 L54.90 L12.56 L-21.61 L
Net Income 1.14 Cr1.27 Cr-52.00 L69.00 L66.00 L-41.00 L-9.00 L8.00 L-3.11 Cr-30.00 L-28.00 L36.00 L06.51 Cr-5.55 L1.63 Cr39.42 L-63.74 L
Diluted EPS 1.111.24-0.510.670.64-0.40-0.090.08-3.03-0.29-0.270.350.006.35-0.051.590.38-0.62

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 61.06 Cr67.81 Cr39.44 Cr53.88 Cr47.86 Cr53.40 Cr-46.08 Cr100.44 Cr76.52 Cr46.41 Cr
Cost of Revenue -------28.67 Cr63.76 Cr37.13 Cr19.35 Cr
Gross Profit -------17.41 Cr36.68 Cr39.39 Cr27.06 Cr
Operating Expenses 52.48 Cr59.86 Cr35.69 Cr45.22 Cr44.43 Cr45.38 Cr-17.28 Cr21.16 Cr33.47 Cr27.07 Cr
Operating Income 7.63 Cr7.05 Cr2.00 Cr7.40 Cr2.01 Cr4.93 Cr-12.15 L15.51 Cr5.92 Cr-82,000
EBITDA 8.58 Cr7.95 Cr3.75 Cr8.66 Cr3.43 Cr8.02 Cr-3.70 Cr19.35 Cr10.34 Cr5.02 Cr
Interest Expense 74.00 L51.00 L5.00 L11.00 L45.00 L28.00 L-19.96 L4.97 L20.04 L6.20 L
Pretax Income 7.04 Cr6.85 Cr4.21 Cr8.43 Cr3.44 Cr4.88 Cr--18.00 L15.94 Cr6.62 Cr1.41 Cr
Tax Provision 1.68 Cr2.25 Cr1.17 Cr2.42 Cr1.02 Cr1.33 Cr-19.05 L3.91 Cr1.79 Cr35.18 L
Net Income 5.36 Cr4.60 Cr3.04 Cr6.02 Cr2.41 Cr3.54 Cr--37.05 L12.04 Cr4.83 Cr1.06 Cr
Diluted EPS 7.154.472.955.842.353.45-3.44-0.3611.74--

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 45.15 Cr65.17 Cr64.06 Cr72.79 Cr78.45 Cr79.16 Cr-79.82 Cr90.52 Cr93.00 Cr93.16 Cr
Current Assets -------35.68 Cr47.63 Cr47.93 Cr46.58 Cr
Cash & Equivalents -------28.97 L2.13 Cr2.05 Cr3.32 Cr
Inventory -------23.12 Cr17.99 Cr16.43 Cr7.53 Cr
Receivables -------6.52 Cr12.79 Cr6.76 Cr4.71 Cr
Total Liabilities -------12.24 Cr10.86 Cr10.19 Cr10.83 Cr
Current Liabilities -------11.30 Cr8.60 Cr7.66 Cr7.07 Cr
Long Term Debt ------0----
Total Debt 7.19 Cr0005.35 Cr62.00 L-3.19 Cr23.26 L2.30 L2.33 L
Total Equity 31.63 Cr57.62 Cr60.78 Cr66.80 Cr69.21 Cr71.29 Cr-67.58 Cr79.66 Cr82.81 Cr82.34 Cr
Shares Outstanding -------1.03 Cr1.03 Cr1.03 Cr1.03 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -4.29 Cr-4.96 Cr-2.84 Cr15.86 Cr9.90 Cr1.54 Cr-70.82 L17.87 Cr14.20 Cr-3.43 Cr
Investing Cash Flow -80.00 L-2.97 Cr-3.33 Cr-15.61 Cr-10.90 Cr-4.01 Cr-49.76 L-12.84 Cr-12.44 Cr6.29 Cr
Financing Cash Flow 5.17 Cr14.82 Cr0-6.00 L4.62 Cr-46.00 L--1.19 Cr-3.20 Cr-1.83 Cr-1.60 Cr
Capital Expenditure -80.00 L-2.63 Cr-2.29 Cr-14.35 Cr-9.48 Cr-4.01 Cr--86.17 L-2.43 Cr-6.37 Cr-5.62 Cr
Free Cash Flow -5.09 Cr-7.59 Cr-5.13 Cr1.51 Cr42.00 L-2.47 Cr--15.35 L15.44 Cr7.83 Cr-9.05 Cr
Net Change in Cash 7.00 L6.90 Cr-6.17 Cr19.00 L3.62 Cr-2.93 Cr-1.96 L1.84 Cr-7.52 L1.27 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -------37.8%36.5%51.5%58.3%
Operating Margin % 12.5%10.4%5.1%13.7%4.2%9.2%-0.3%15.4%7.7%-0.0%
Net Margin % 8.8%6.8%7.7%11.2%5.0%6.6%--0.8%12.0%6.3%2.3%
ROE % 16.9%8.0%5.0%9.0%3.5%5.0%--0.5%15.1%5.8%1.3%
ROCE % -------0.2%18.9%6.9%-0.0%

Analyst View

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Latest News

Recent headlines for NITIRAJ

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Google News ue, 07 Jul 2026

Nitiraj Engineers confirms no encumbrance by promoters in FY26 - scanx.trade

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Nitiraj Engineers FY26 profit falls 78% to ₹106.06 lakh - scanx.trade

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NITIRAJ — Frequently Asked Questions

What is the current share price of Nitiraj Engineers Limited (NITIRAJ)?

As of 2026-07-15 09:52 IST, Nitiraj Engineers Limited (NITIRAJ) trades at ₹190.05 on NSE. Its 52-week range is ₹171.85 to ₹221.75.

What is the market capitalisation of NITIRAJ?

Nitiraj Engineers Limited (NITIRAJ) has a market capitalisation of ₹194.82 Cr on NSE.

What is the P/E ratio of NITIRAJ?

NITIRAJ trades at a trailing price-to-earnings (P/E) ratio of 16.19. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 2.27.

Does NITIRAJ pay a dividend?

Nitiraj Engineers Limited (NITIRAJ) currently offers a dividend yield of 0.82%.

What is the return on equity (ROE) of NITIRAJ?

NITIRAJ has a return on equity (ROE) of 1.29%. Its return on capital employed (ROCE) is 1.71%.

Is NITIRAJ a good stock to buy?

This page provides a data-driven analysis of Nitiraj Engineers Limited (NITIRAJ), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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