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Nitiraj Engineers Ltd

Nitiraj Engineers

Small Cap259 EmployeesIPO 2017
Current Price
219.95
-1.77 (-0.8%)Updated
Valuation vs Sector
P/E Ratio
-vs 21.02
P/B Ratio
-vs 5.49
Div Yield
0.00%vs 3.58%
Today's Range
202.9
219.95
indicator
230
52 Week Range
52W Low169.99
52W High362.50
219.95
indicator
Downside29.39%
Upside64.81%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
194.05 Cr
Market Cap
Total market value of company
P/E Ratio
25.00
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
2.39
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
7.57
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
1.88%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
0.38%
ROCE
Return on Capital Employed. >15% is good
Net Margin
10.63%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
15.03%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
9.84%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
-16.30%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
-100.00%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
-
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
80.78
Book Value
Net asset value per share
Dividend Yield
-%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
69.10%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

3 points
  • Promoter holding is robust at 69.1%, indicating strong confidence from the core management in the company's long-term prospects and stability. This can reassure investors.
  • The company maintains a very low debt-to-equity ratio of 0.05, suggesting a conservative financial structure and minimal reliance on external borrowing, which reduces financial risk.

Weaknesses

6 points
  • Nitiraj Engineers reported a negative Return on Equity (ROE) of -0.35% and negative profit after tax of -0.24, indicating significant unprofitability and value erosion for shareholders.
  • The company's latest quarterly results show a drastic -100% decline in profit and a -16.30% drop in sales, highlighting severe operational and financial deterioration.

Opportunities

3 points
  • The 'Other Electrical Equipment' industry within the 'Capital Goods' sector often benefits from infrastructure development and industrial expansion, offering potential for future demand growth.
  • Given the current low stock price and market cap, any strategic turnaround or new product launches could lead to significant market share recovery and investor re-rating.

Threats

4 points
  • The company faces stiff competition from larger, more profitable peers like Havells India and Dixon Technologies, which have significantly higher ROCE and market share.
  • Continued negative earnings and declining sales pose a significant threat to the company's long-term viability and ability to fund operations, potentially leading to further losses.

Segment-wise Financial Analysis

Fetching Financials...
Fetching Balance Sheet...
Fetching Cash Flow...

Shareholding Pattern

Loading shareholding data...

Company Insider Trading Activity

Recent Insider Transactions

Insider NameTransaction DateFiling DateTotal SharesChangePriceAction
YI HUNG SIN
12 Mar 202512 Mar 20258.18 L
14,500
₹390.72SELL

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4286.53+₹66.58+30.27%
R3259.43+₹39.48+17.95%
R2244.72+₹24.77+11.26%
R1232.33+₹12.38+5.63%
PIVOT217.62-2.33-1.06%
CURRENT219.95--
S1151.03-₹68.92-31.33%
S2178.13-₹41.82-19.01%
S3190.52-₹29.43-13.38%
S4205.23-₹14.72-6.69%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
0.08L
(13 Mar 2026)
-4.8% vs avg
Delivery %
65.2%
(13 Mar 2026)
-1.5% vs avg
Avg Volume (20D)
0.09L
(13 Feb - 13 Mar)
20-day average
Avg Delivery %
66.8%
(13 Feb - 13 Mar)
Trend ↑
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
Honeywell Automation India Ltd
27,751.99 ₹ Cr
Best Profit Growth
Rishabh Instruments Ltd
436.00 %
Highest Dividend Yield
Control Print Ltd
1.55 %

Peer Comparison

Company Name
ASMS
Bartronics India Ltd
CONTROLPR
Control Print Ltd
HONAUT
Honeywell Automation India Ltd
KERNEX
Kernex Microsystems (India) Ltd
RISHABH
Rishabh Instruments Ltd

About

NITIRAJ

Nitiraj Engineers Ltd

Nitiraj Engineers Limited is an Indian manufacturer and seller of a diverse range of electronic weighing scales and systems, along with digital fare meters. Their products cater to both industrial and domestic markets, both within India and internationally. The company's product portfolio is extensive and covers a wide spectrum of weighing solutions, indicating a strategy aimed at capturing a significant market share across various sectors.

The company's business operations are segmented into five key areas: Electronic Weighing Scales and Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales. This segmentation highlights a diversification strategy, reducing reliance on a single product line and broadening their appeal to a wider customer base. Within each segment, they offer a comprehensive selection of products tailored to meet specific needs.

Nitiraj's product offerings within the weighing scale segment are particularly diverse, ranging from small, domestic scales like jewelry, tabletop, and kitchen scales to large-scale industrial weighing systems. They also produce specialized scales for specific applications such as baby weighing, adult weighing, and body mass index (BMI) measurement, as well as analytical weighing balances used in scientific settings. This broad product range allows them to serve a wide array of clients, from individual consumers to large industrial companies.

Beyond weighing scales, Nitiraj also manufactures and supplies electronic currency counting machines, digital fare meters for taxis and other transportation services, and home automation and security products. This diversification allows the company to tap into additional markets and further solidify its position in the broader electronics industry. The inclusion of home and hotel automation products shows an attempt to expand into growing technological sectors.

The company utilizes a robust distribution network for its products, leveraging a combination of branch offices, dealers, and distributors to ensure widespread market reach. Their use of the "Phoenix" brand name provides a consistent identity for their diverse product portfolio, aiding in brand recognition and customer loyalty. Established in 1989 and headquartered in Dhule, India, Nitiraj has a significant history in the Indian market and demonstrates ambition to expand its global presence.

COMPANY FACTS - NITIRAJ

Registered Address

J25/26 MIDC Awdhan

Dhulia

MAHARASHTRA

IN

Tel: 912562239080

Website:https://www.nitiraj.net/

Investor Relations:http://investor.nitiraj.net
Company Details

Group: Technology Hardware & Equipment

Sector: Information Technology

Industry: Electronic Equipment, Instruments & Components

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 259

IPO Date: 09/03/2017

MANAGEMENT - NITIRAJ

Ms. Rachna Kothari

Compliance Officer, Company Secretary

Mr. Rajesh Bhatwal

Managing Director, Director

Mrs. Shakuntala Bhatwal

Whole-time Director

Mr. Hung Sin Yi

Whole-time Director

Mr. Anil Bangad

Non-Executive Independent Director

Mr. Shabbir Masani

Non-Executive Independent Director

Mr. Pradeep Shah

Non-Executive Independent Director

Investor Questions Answered

Nitiraj Engineers Ltd (NITIRAJ) Stock FAQs

Get answers to the most common questions about Nitiraj Engineers Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Nitiraj Engineers Ltd (NITIRAJ) is ₹219.95. Today, the stock has declined by ₹1.77 (0.80%), trading in a range of ₹202.9 to ₹230. The stock opened at ₹217.1 with a trading volume of 8,129 shares.
Nitiraj Engineers Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹194.05 crores, P/E ratio of 25.00, ROE of 1.88%, and ROCE of 0.38%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Nitiraj Engineers Ltd (NITIRAJ) is ₹362.5, while the 52-week low is ₹169.99. Currently trading at ₹219.95, the stock is 26.0% away from its 52-week low and 39.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Nitiraj Engineers Ltd stock at ₹219.95 depends on multiple factors. The stock is currently trading with a P/E ratio of 25.00 and P/B ratio of N/A. Today's performance shows a loss of 0.80%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Nitiraj Engineers Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹219.95, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Nitiraj Engineers Ltd's key financial metrics include: P/E Ratio: 25.00, P/B Ratio: N/A, ROE: 1.88%, ROCE: 0.38%, Dividend Yield: 0.00%, EPS: ₹7.57, Book Value: ₹80.78, Debt-to-Equity: 0.00, and Current Ratio: N/A. The company's market cap stands at ₹194.05 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Nitiraj Engineers Ltd stock opened at ₹217.1 and is currently trading at ₹219.95, showing a decline of ₹1.77 (0.80%). The intraday high is ₹230 and low is ₹202.9. The trading volume stands at 8,129 shares, indicating moderate market participation today.
Nitiraj Engineers Ltd has a Price-to-Earnings (P/E) ratio of 25.00, which means investors are willing to pay ₹25.00 for every ₹1 of earnings. With an EPS of ₹7.57, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
Nitiraj Engineers Ltd has a market capitalization of ₹194.05 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹219.95) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Nitiraj Engineers Ltd has a book value of ₹80.78 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹219.95, which is 172.3% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Nitiraj Engineers Ltd has a Return on Equity (ROE) of 1.88% and Return on Capital Employed (ROCE) of 0.38%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Nitiraj Engineers Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Nitiraj Engineers Ltd has a debt-to-equity ratio of 0.00, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Nitiraj Engineers Ltd has an Earnings Per Share (EPS) of ₹7.57, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹219.95 and P/E ratio of 25.00, investors are paying 25.00 times the annual earnings per share. The company may need to improve its earnings performance. Track EPS growth over quarters to assess earnings momentum.
Nitiraj Engineers Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Nitiraj Engineers Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Nitiraj Engineers Ltd stock, consider: 1) Fundamental Analysis - Review P/E (25.00), ROE (1.88%), debt-to-equity (0.00), and growth rates. 2) Technical Analysis - Check 52-week range (₹169.99 - ₹362.50), moving averages, and chart patterns. 3) Valuation - Compare current price (₹219.95) with book value (₹80.78) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Nitiraj Engineers Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹219.95 is 2099x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Nitiraj Engineers Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹169.99 - ₹362.50). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.00 indicates leverage. 4) Liquidity Risk - Based on trading volume of 8,129 shares. 5) Valuation Risk - P/E of 25.00 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Nitiraj Engineers Ltd operates in the industry with key metrics: P/E ratio of 25.00, ROE of 1.88%, market cap of ₹194.05 crores, and dividend yield of 0.00%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.00), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Nitiraj Engineers Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹219.95, with a 52-week range of ₹169.99 to ₹362.50. Based on fundamentals like P/E (25.00), ROE (1.88%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Nitiraj Engineers Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹219.95. 2) Fundamental Deterioration - Declining ROE (currently 1.88%), increasing debt (D/E: 0.00), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Nitiraj Engineers Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.00%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.