Nitiraj Engineers Ltd

NITIRAJ

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Market Cap

₹ 198 Cr

P/E

—

Turned 1 L into 3.42 L in last 5 Years

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Nitiraj Engineers Ltd is a leading manufacturer of electronic weighing scales and systems, currency counting machines, and automation products.

The company achieved significant financial growth with YOY revenue increase of 82% and a remarkable 204% rise in PAT for Q3 FY25.

Nitiraj Engineers expanded its production facility by 50,000 square feet, enhancing operational efficiency and product quality.

They have been authorized as a 'Drone-Remote Pilot Training Organization' by DGCA, India, marking entry into drone technology.

Their comprehensive product range targets various sectors, including industrial, healthcare, and commercial segments.

Sector

Electronics

Industry

Electronics - Others

Market Cap

198 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

53.0

PEG Ratio

—

P/B Ratio

2.9

52W High

421.60

52W Low

177.35

Sales CAGR

16.28%

24.53%

9.83%

10Y

3.45%

Profit CAGR

93.48%

—

13.31%

10Y

-1.14%

ROE

TTM

-0.34%

7.17%

4.53%

10Y

5.86%

ROCE

TTM

0.39%

9.75%

6.43%

10Y

8.47%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DANLAW	780.00	380 Cr	19.12	4.44	0.00	23.22	24.76	12.45
PRIZOR	288.90	309 Cr	30.44	7.21	0.00	24.17	25.66	13.69
JGTL	562.35	255 Cr	15.85	2.75	1.33	17.33	23.89	14.86
NITIRAJ	192.85	198 Cr	—	2.93	0.78	-0.34	0.39	-0.28
CALCOM	128.00	179 Cr	30.93	3.04	0.00	6.74	9.58	2.18
COMRADE	74.00	58 Cr	108.82	2.85	0.00	-29.52	-1.62	-8.17
FIVECORE	—	40 Cr	1.87	0.34	0.00	19.14	21.35	12.57

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	19	15	4.99	8.78	12	14	7.50	16	11	11
Expenses	15	14	4.66	8.08	11	14	6.86	15	10	10
Operating Profit	4.51	1.67	0.33	0.70	0.98	-0.23	0.64	0.86	1.08	0.96
OPM %	23.14	10.99	6.61	7.97	7.99	-1.69	8.53	5.43	9.51	8.44
Other Income	0.02	0.10	0.04	0.15	0.05	-3.01	-0.01	0.02	0.07	0.34
Interest	0.05	0.04	0.08	0.14	0.13	0.15	0.14	0.07	0.08	0.04
Depreciation	0.79	0.79	0.72	0.75	0.78	0.88	0.89	0.91	0.92	0.96
Profit Before Tax	3.66	0.93	-0.43	-0.04	0.12	-4.28	-0.40	-0.09	0.15	0.30
Tax %	1.09	29.03	2.33	-125.00	33.33	27.34	25.00	-211.11	-133.33	100.00
Net Profit	3.62	0.66	-0.41	-0.09	0.08	-3.11	-0.30	-0.28	0.36	0.00
EPS in Rs	—	0.64	-0.40	-0.08	0.08	-3.03	-0.29	-0.28	0.35	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	56	53	39	54	48	53	40	46	46
Expenses	48	46	35	45	44	45	38	43	43
Operating Profit	8.59	7.95	3.77	8.67	3.62	8.11	1.79	3.54	3.54
OPM %	15.23	14.86	9.71	16.09	7.56	15.19	4.50	7.68	7.68
Other Income	0.15	0.31	2.24	1.14	1.70	0.14	-2.78	0.42	0.42
Interest	0.74	0.51	0.05	0.11	0.45	0.28	0.50	0.32	0.33
Depreciation	0.95	0.90	1.75	1.26	1.42	3.09	3.13	3.68	3.68
Profit Before Tax	7.04	6.85	4.21	8.43	3.43	4.87	-4.62	-0.04	-0.04
Tax %	23.87	32.83	27.75	28.62	29.80	27.44	23.73	-486.22	-450.00
Net Profit	5.36	4.60	3.04	6.02	2.41	3.54	-3.53	-0.23	-0.22
EPS in Rs	—	—	—	—	—	0.80	-3.43	-0.22	-0.22
Dividend Payout %	0.00	5.35	0.00	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	6.00	8.20	8.20	8.20	10	10	10	10
Reserves	26	49	53	59	59	61	57	57
Borrowings	7.19	0.00	0.00	0.00	5.35	0.62	3.98	3.19
Other Liabilities	6.33	7.55	3.28	5.99	3.89	7.26	5.55	9.05
Total Liabilities	45	65	64	73	78	79	77	80
Fixed Assets	8.73	11	13	27	38	28	36	33
CWIP	0.00	0.00	0.00	0.00	0.00	11	1.60	1.60
Investments	1.01	22	25	1.93	1.75	2.13	2.06	1.60
Other Assets	35	32	27	44	39	38	37	43
Total Assets	45	65	64	73	78	79	77	80

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-4.29	-4.96	-2.84	16	9.90	1.54	1.45	0.71
Cash from Investing Activity	-0.80	-2.97	-3.33	-16	-11	-4.01	-5.69	0.50
Cash from Financing Activity	5.17	15	-0.00	-0.06	4.62	-0.46	2.96	-1.19
Net Cash Flow	0.07	6.90	-6.17	0.19	3.62	-2.93	-1.28	0.02

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	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%	69.07%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	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	30.93%	30.93%	30.93%	30.93%	30.93%	30.93%	30.93%	30.93%	30.93%	30.88%	30.93%	30.93%
Total Shareholders	1,542	1,640	1,647	1,430	1,787	1,961	2,062	2,843	3,428	4,571	4,356	4,258

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Aug 26, 2024	Multiplier share & stock advi...	Bulk	Sell	214.45	1.12 Cr	51,994	0.50
Aug 21, 2024	Multiplier share & stock advi...	Bulk	Buy	221.35	1.86 Cr	84,000	0.81
Jan 24, 2023	Pancholi gunjan	Bulk	Sell	94.97	0.75 Cr	78,617	0.76
Jan 24, 2023	Pancholi gunjan	Bulk	Buy	95.56	0.51 Cr	53,117	0.51

Projection

Actions

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Last 7 days

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Documents

Presentations

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Reports

Presentations

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

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Q4 FY24

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Financial Statements

AI Powered Summary

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

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	19	15	4.99	8.78	12	14	7.50	16	11	11
Expenses	15	14	4.66	8.08	11	14	6.86	15	10	10
Operating Profit	4.51	1.67	0.33	0.70	0.98	-0.23	0.64	0.86	1.08	0.96
OPM %	23.14	10.99	6.61	7.97	7.99	-1.69	8.53	5.43	9.51	8.44
Other Income	0.02	0.10	0.04	0.15	0.05	-3.01	-0.01	0.02	0.07	0.34
Interest	0.05	0.04	0.08	0.14	0.13	0.15	0.14	0.07	0.08	0.04
Depreciation	0.79	0.79	0.72	0.75	0.78	0.88	0.89	0.91	0.92	0.96
Profit Before Tax	3.66	0.93	-0.43	-0.04	0.12	-4.28	-0.40	-0.09	0.15	0.30
Tax %	1.09	29.03	2.33	-125.00	33.33	27.34	25.00	-211.11	-133.33	100.00
Net Profit	3.62	0.66	-0.41	-0.09	0.08	-3.11	-0.30	-0.28	0.36	0.00
EPS in Rs	—	0.64	-0.40	-0.08	0.08	-3.03	-0.29	-0.28	0.35	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	56	53	39	54	48	53	40	46	46
Expenses	48	46	35	45	44	45	38	43	43
Operating Profit	8.59	7.95	3.77	8.67	3.62	8.11	1.79	3.54	3.54
OPM %	15.23	14.86	9.71	16.09	7.56	15.19	4.50	7.68	7.68
Other Income	0.15	0.31	2.24	1.14	1.70	0.14	-2.78	0.42	0.42
Interest	0.74	0.51	0.05	0.11	0.45	0.28	0.50	0.32	0.33
Depreciation	0.95	0.90	1.75	1.26	1.42	3.09	3.13	3.68	3.68
Profit Before Tax	7.04	6.85	4.21	8.43	3.43	4.87	-4.62	-0.04	-0.04
Tax %	23.87	32.83	27.75	28.62	29.80	27.44	23.73	-486.22	-450.00
Net Profit	5.36	4.60	3.04	6.02	2.41	3.54	-3.53	-0.23	-0.22
EPS in Rs	—	—	—	—	—	0.80	-3.43	-0.22	-0.22
Dividend Payout %	0.00	5.35	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	6.00	8.20	8.20	8.20	10	10	10	10
Reserves	26	49	53	59	59	61	57	57
Borrowings	7.19	0.00	0.00	0.00	5.35	0.62	3.98	3.19
Other Liabilities	6.33	7.55	3.28	5.99	3.89	7.26	5.55	9.05
Total Liabilities	45	65	64	73	78	79	77	80
Fixed Assets	8.73	11	13	27	38	28	36	33
CWIP	0.00	0.00	0.00	0.00	0.00	11	1.60	1.60
Investments	1.01	22	25	1.93	1.75	2.13	2.06	1.60
Other Assets	35	32	27	44	39	38	37	43
Total Assets	45	65	64	73	78	79	77	80

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-4.29	-4.96	-2.84	16	9.90	1.54	1.45	0.71
Cash from Investing Activity	-0.80	-2.97	-3.33	-16	-11	-4.01	-5.69	0.50
Cash from Financing Activity	5.17	15	-0.00	-0.06	4.62	-0.46	2.96	-1.19
Net Cash Flow	0.07	6.90	-6.17	0.19	3.62	-2.93	-1.28	0.02

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DANLAW	780.00	380 Cr	19.12	4.44	0.00	23.22	24.76	12.45
PRIZOR	288.90	309 Cr	30.44	7.21	0.00	24.17	25.66	13.69
JGTL	562.35	255 Cr	15.85	2.75	1.33	17.33	23.89	14.86
NITIRAJ	192.85	198 Cr	—	2.93	0.78	-0.34	0.39	-0.28
CALCOM	128.00	179 Cr	30.93	3.04	0.00	6.74	9.58	2.18
COMRADE	74.00	58 Cr	108.82	2.85	0.00	-29.52	-1.62	-8.17
FIVECORE	—	40 Cr	1.87	0.34	0.00	19.14	21.35	12.57

Overview

Detailed Summary

Nitiraj Engineers Ltd is a leading manufacturer of electronic weighing scales and systems, currency counting machines, and automation products.

The company achieved significant financial growth with YOY revenue increase of 82% and a remarkable 204% rise in PAT for Q3 FY25.

Nitiraj Engineers expanded its production facility by 50,000 square feet, enhancing operational efficiency and product quality.

They have been authorized as a 'Drone-Remote Pilot Training Organization' by DGCA, India, marking entry into drone technology.

Their comprehensive product range targets various sectors, including industrial, healthcare, and commercial segments.

Sector

Electronics

Industry

Electronics - Others

Market Cap

198 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

53.0

PEG Ratio

—

P/B Ratio

2.9

52W High

421.60

52W Low

177.35

Sales CAGR

16.28%

24.53%

9.83%

10Y

3.45%

Profit CAGR

93.48%

—

13.31%

10Y

-1.14%

ROE

TTM

-0.34%

7.17%

4.53%

10Y

5.86%

ROCE

TTM

0.39%

9.75%

6.43%

10Y

8.47%