Nidhi Granites Ltd

NIDHGRN

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Market Cap

₹ 312 Cr

P/E

86.67

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

LOW RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Nidhi Granites Limited, founded in 1981, originally focused on granite blocks and tiles, has shifted its core operations to trading in shares, securities, and investments.

The company has faced challenges in its traditional business sectors, leading to a strategic pivot towards financial investments to better utilize resources.

In 2021, Nidhi Granites incorporated a subsidiary, SPNP Paper and Pack Private Limited, marking diversification attempts.

Recently, in May 2023, it acquired Yug Fashion Garments Private Limited, indicating efforts to expand its business horizons.

Strategic diversification into various industries suggests potential growth paths for Nidhi Granites amid its shifting focus.

Sector

Consumer Durables

Industry

Granite & Marble - Large

Market Cap

312 Cr

Volatility

Low Risk

P/E Ratio

86.7

Industry P/E

29.7

PEG Ratio

0.5

P/B Ratio

17.0

52W High

480.75

52W Low

86.20

Sales CAGR

20.98%

—

19.00%

10Y

-2.60%

Profit CAGR

182.35%

—

10Y

34.73%

ROE

TTM

19.55%

3.51%

2.94%

10Y

1.81%

ROCE

TTM

26.50%

4.32%

3.49%

10Y

2.21%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GSLSU	122.00	517 Cr	—	1.74	0.00	-8.77	-1.29	-4.64
MARBLE	150.00	350 Cr	37.76	4.64	0.00	12.74	14.01	4.52
NIDHGRN	390.00	312 Cr	86.67	16.95	0.00	19.55	26.50	12.41
ESPRIT	60.50	133 Cr	8.47	1.00	0.00	5.44	7.83	2.80
PACIFICIND	160.50	113 Cr	23.15	0.25	0.00	1.10	2.14	0.88
DURLAX	40.05	67 Cr	8.88	1.15	0.00	11.96	11.82	4.98
ELEMARB	219.30	66 Cr	20.11	0.45	0.45	2.07	2.51	1.95

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	7.78	8.68	11	11	9.28	12	13	10	20	13
Expenses	7.59	8.55	9.98	11	8.65	12	13	11	17	11
Operating Profit	0.19	0.13	0.68	0.09	0.63	0.33	0.81	-0.67	3.17	2.06
OPM %	2.44	1.50	6.38	0.79	6.79	2.73	6.04	-6.39	16.00	15.63
Other Income	0.07	0.14	0.10	0.26	0.51	1.14	0.51	-0.11	0.07	0.07
Interest	0.09	0.17	0.09	0.10	0.11	0.11	0.08	0.07	0.05	0.05
Depreciation	0.16	0.18	0.19	0.19	0.17	0.17	0.16	0.13	0.20	0.30
Profit Before Tax	0.11	0.08	0.60	0.16	0.97	1.30	1.17	-0.91	3.05	1.83
Tax %	27.27	25.00	25.00	43.75	21.65	15.38	19.66	3.30	26.56	29.51
Net Profit	0.08	0.06	0.45	0.09	0.75	1.10	0.94	-0.88	2.24	1.29
EPS in Rs	0.11	0.09	0.56	0.11	0.94	1.37	1.17	-1.09	2.80	1.61

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	16	25	39	45	56
Expenses	0.14	15	24	37	44	52
Operating Profit	-0.14	0.74	0.91	1.55	1.48	3.64
OPM %	-22,729.68	4.71	3.60	4.03	3.27	6.52
Other Income	0.15	0.14	0.38	0.58	2.05	1.61
Interest	0.00	0.11	0.21	0.45	0.37	0.31
Depreciation	0.00	0.27	0.45	0.72	0.63	0.66
Profit Before Tax	0.02	0.50	0.63	0.96	2.53	4.61
Tax %	-327.51	39.52	30.97	28.38	24.09	26.25
Net Profit	0.07	0.30	0.44	0.68	1.92	3.40
EPS in Rs	0.09	0.60	0.57	0.86	2.39	4.49
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.75	0.75	2.65	4.00	8.00
Reserves	1.37	4.03	6.70	8.96	6.88
Borrowings	0.00	0.97	3.29	4.47	3.17
Other Liabilities	0.01	2.46	3.99	4.39	4.03
Total Liabilities	2.13	8.22	17	22	22
Fixed Assets	0.00	0.91	2.15	3.35	5.04
CWIP	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.26	0.51	0.76	2.15
Other Assets	2.13	7.05	14	18	15
Total Assets	2.13	8.22	17	22	22

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.16	0.19	-2.12	-1.11	1.50
Cash from Investing Activity	2.22	-3.26	-0.62	-3.22	-0.39
Cash from Financing Activity	0.00	2.30	5.27	3.15	-0.91
Net Cash Flow	2.07	-0.77	2.53	-1.19	0.20

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	69.03%	70.25%	70.25%	66.75%	66.75%	66.75%	66.75%	66.75%	66.75%	66.75%	66.75%	66.75%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	30.97%	29.75%	29.75%	33.25%	33.25%	33.25%	33.25%	33.25%	33.25%	33.25%	33.25%	33.25%
Total Shareholders	649	646	692	719	711	792	980	1,038	1,110	1,176	1,172	1,135

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 05, 2025	Devan pandya	Insider - Promoter & Director	Acquisition	10.00	2.68 Cr	26,80,696	33.5
Aug 16, 2023	Darpan shah	Insider - Promoter & Director	Acquisition	29.00	1.29 Cr	4,44,138	16.7
Aug 16, 2023	Devan pandya	Insider - Promoter & Director	Acquisition	29.00	1.05 Cr	3,63,000	13.6
Mar 29, 2023	Darpan shah	Insider - Promoter & Director	Acquisition	29.00	0.80 Cr	2,75,862	15.5
Mar 29, 2023	Devan pandya	Insider - Promoter & Director	Acquisition	29.00	1.05 Cr	3,63,000	20.4
Mar 09, 2023	Darpan shah	Insider - Promoter & Director	Acquisition	29.00	1.04 Cr	3,60,000	47.9
Mar 09, 2023	Devan pandya	Insider - Promoter & Director	Acquisition	29.00	1.05 Cr	3,63,000	48.3

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Presentations

Concalls

Reports

Presentations

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Overall

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Moving Averages

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Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	7.78	8.68	11	11	9.28	12	13	10	20	13
Expenses	7.59	8.55	9.98	11	8.65	12	13	11	17	11
Operating Profit	0.19	0.13	0.68	0.09	0.63	0.33	0.81	-0.67	3.17	2.06
OPM %	2.44	1.50	6.38	0.79	6.79	2.73	6.04	-6.39	16.00	15.63
Other Income	0.07	0.14	0.10	0.26	0.51	1.14	0.51	-0.11	0.07	0.07
Interest	0.09	0.17	0.09	0.10	0.11	0.11	0.08	0.07	0.05	0.05
Depreciation	0.16	0.18	0.19	0.19	0.17	0.17	0.16	0.13	0.20	0.30
Profit Before Tax	0.11	0.08	0.60	0.16	0.97	1.30	1.17	-0.91	3.05	1.83
Tax %	27.27	25.00	25.00	43.75	21.65	15.38	19.66	3.30	26.56	29.51
Net Profit	0.08	0.06	0.45	0.09	0.75	1.10	0.94	-0.88	2.24	1.29
EPS in Rs	0.11	0.09	0.56	0.11	0.94	1.37	1.17	-1.09	2.80	1.61

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	16	25	39	45	56
Expenses	0.14	15	24	37	44	52
Operating Profit	-0.14	0.74	0.91	1.55	1.48	3.64
OPM %	-22,729.68	4.71	3.60	4.03	3.27	6.52
Other Income	0.15	0.14	0.38	0.58	2.05	1.61
Interest	0.00	0.11	0.21	0.45	0.37	0.31
Depreciation	0.00	0.27	0.45	0.72	0.63	0.66
Profit Before Tax	0.02	0.50	0.63	0.96	2.53	4.61
Tax %	-327.51	39.52	30.97	28.38	24.09	26.25
Net Profit	0.07	0.30	0.44	0.68	1.92	3.40
EPS in Rs	0.09	0.60	0.57	0.86	2.39	4.49
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.75	0.75	2.65	4.00	8.00
Reserves	1.37	4.03	6.70	8.96	6.88
Borrowings	0.00	0.97	3.29	4.47	3.17
Other Liabilities	0.01	2.46	3.99	4.39	4.03
Total Liabilities	2.13	8.22	17	22	22
Fixed Assets	0.00	0.91	2.15	3.35	5.04
CWIP	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.26	0.51	0.76	2.15
Other Assets	2.13	7.05	14	18	15
Total Assets	2.13	8.22	17	22	22

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.16	0.19	-2.12	-1.11	1.50
Cash from Investing Activity	2.22	-3.26	-0.62	-3.22	-0.39
Cash from Financing Activity	0.00	2.30	5.27	3.15	-0.91
Net Cash Flow	2.07	-0.77	2.53	-1.19	0.20

Overview

Detailed Summary

Nidhi Granites Limited, founded in 1981, originally focused on granite blocks and tiles, has shifted its core operations to trading in shares, securities, and investments.

The company has faced challenges in its traditional business sectors, leading to a strategic pivot towards financial investments to better utilize resources.

In 2021, Nidhi Granites incorporated a subsidiary, SPNP Paper and Pack Private Limited, marking diversification attempts.

Recently, in May 2023, it acquired Yug Fashion Garments Private Limited, indicating efforts to expand its business horizons.

Strategic diversification into various industries suggests potential growth paths for Nidhi Granites amid its shifting focus.

Sector

Consumer Durables

Industry

Granite & Marble - Large

Market Cap

312 Cr

Volatility

Low Risk

P/E Ratio

86.7

Industry P/E

29.7

PEG Ratio

0.5

P/B Ratio

17.0

52W High

480.75

52W Low

86.20

Sales CAGR

20.98%

—

19.00%

10Y

-2.60%

Profit CAGR

182.35%

—

10Y

34.73%

ROE

TTM

19.55%

3.51%

2.94%

10Y

1.81%

ROCE

TTM

26.50%

4.32%

3.49%

10Y

2.21%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GSLSU	122.00	517 Cr	—	1.74	0.00	-8.77	-1.29	-4.64
MARBLE	150.00	350 Cr	37.76	4.64	0.00	12.74	14.01	4.52
NIDHGRN	390.00	312 Cr	86.67	16.95	0.00	19.55	26.50	12.41
ESPRIT	60.50	133 Cr	8.47	1.00	0.00	5.44	7.83	2.80
PACIFICIND	160.50	113 Cr	23.15	0.25	0.00	1.10	2.14	0.88
DURLAX	40.05	67 Cr	8.88	1.15	0.00	11.96	11.82	4.98
ELEMARB	219.30	66 Cr	20.11	0.45	0.45	2.07	2.51	1.95