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Market closedRefreshes 15s
184.44
0.37+0.20%
DAY183
₹184.44
189
52W168
₹184.44
237
Open187.70
Prev Close184.07
Bid184.42100
Ask184.47100
Volume49688%vs 20D avg
Valuation vs Sector
P/E Ratio▼ 86.7%
25.00vs Sector 187.38
lower = cheaper
P/B Ratio▼ 0.2%
2.39vs Sector 2.40
lower = cheaper
Div Yield
vs Sector
higher = more income
Market Cap₹194.05 Cr
P/E TTM25
Book Value₹80.78
EPS TTM₹7.57
ROCE0.38%
ROE1.88%
D/E0
Div Yield0%
Valuation

Nitiraj Engineers Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Nitiraj Engineers Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Nitiraj Engineers Ltd trades at a P/E of 25.00×, against the Information Technology sector median P/E of 20.00×.

the price tag

Valuation

Market Cap
₹194.05 Cr
P/E Ratio
good25
P/B Ratio
good2.39
EPS
7.57
the engine

Profitability

ROE
watch1.88%
ROCE
watch0.38%
Net Margin
good10.63%
Op Margin
watch%
the trajectory

Growth

EPS 5Y
good15.03%
Revenue 5Y
avg9.84%
Qtr Sales
watch-16.3%
Qtr Profit
watch-100%
the balance sheet

Financial Health

Debt / Equity
good
Book Value
80.78
Div Yield
avg%
Promoter Hold.
good69.1%
Financials

Nitiraj Engineers Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Nitiraj Engineers Ltd, switchable between annual and quarterly views, consolidated or standalone.

Nitiraj Engineers Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹194.051 Cr and reported EPS of ₹7.57.

all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

Nitiraj Engineers segment analysis: revenue and profit mix.

Disclosed business segments at Nitiraj Engineers with their share of revenue and profit, switchable between consolidated and standalone reporting.

Nitiraj Engineers discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Investment Thesis

Nitiraj Engineers Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Nitiraj Engineers Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Nitiraj Engineers Ltd's investment case rests on 6 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • 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.

  • Despite recent financial challenges, the company has a dividend yield of 0.78%, which could be a positive signal for investors seeking some income, even if modest.

  • 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.

bear case

What can break it.

  • 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.

  • The Return on Capital Employed (ROCE) is extremely low at 0.38%, significantly underperforming peers and suggesting inefficient utilization of capital in generating returns.

  • The current price of 192.00 is near its 52-week low of 186.00, representing a substantial drop from its 52-week high of 422.00, indicating poor market sentiment.

  • A P/E ratio of 0.00 signifies negative earnings per share (-0.22), making valuation difficult and reflecting a lack of current profitability, which is a major concern for investors.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 33 (~1.6× the sector multiple of 20.0). The valuation cushion thins from there.

  • Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.

Shareholding

Nitiraj shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Nitiraj — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Nitiraj Engineers Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Nitiraj Engineers Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Aaron Industries Ltd
24936.78L ₹ Cr
Best Profit Growth
Ravindra Energy Ltd
20455.00 %
Highest Dividend Yield
Rubfila International Ltd
2.88 %

Peer Comparison

Company Name
AARON
Aaron Industries Ltd
ADVAIT
Advait Energy Transitions Limited
AEPL
Artemis Electricals & Projects Ltd
AEQUS
Aequs Ltd
AFFORDABLE
Affordable Robotic & Automation Ltd
ANTGRAPHIC
Antarctica Ltd
ATLANTAELE
AURIGROW
AVANTEL
Avantel Ltd
BAJAJST
Bajaj Steel Industries Ltd
BALUFORGE
Balu Forge Industries Ltd
BATLIBOI
Batliboi Ltd
BEARDSELL
Beardsell Ltd
BEEKAY
Beekay Steel Industries Ltd
BIRLAPREC
Birla Precision Technologies Ltd
COCKERILL
John Cockerill India Ltd
COMSYN
Commercial Syn Bags Ltd
CPPLUS
CROWN
Crown Lifters Ltd
DISAQ
Disa India Ltd
ELGIRUBCO
Elgi Rubber Company Ltd
EMMVEE
ENRIN
Siemens Energy India Ltd
EPACKPEB
EUROBOND
GANGAFORGE
Ganga Forging Ltd
GEEKAYWIRE
Geekay Wires Ltd
HALDYNGL
Haldyn Glass Ltd
ICEMAKE
ICE Make Refrigeration Ltd
INVPRECQ
Investment & Precision Castings Ltd
IWEL
Inox Wind Energy Ltd
JASH
Jash Engineering Ltd
JAYKAY
Jaykay Enterprises Ltd
JKIPL
JYOTICNC
Jyoti CNC Automation Ltd
KLBRENG-B
Kilburn Engineering Ltd
KRISHNADEF
Krishna Defence & Allied Industries Ltd
KRITIKA
Kritika Wires Ltd
KSHINTL
KSH International Ltd
LATTEYS
Latteys Industries Ltd
MACPOWER
Macpower CNC Machines Ltd
MARINE
Marine Electricals (India) Ltd
MARSONS
Marsons Ltd
MEIL
MWL
NIBE
NIBE Ltd
NITIRAJ
Nitiraj Engineers LtdCurrent Stock
OMNI
Omnitech Engineering Ltd
OSWALPUMPS
Oswal Pumps Ltd
POWERICA
Powerica Ltd
PROSTARM
Prostarm Info Systems Ltd
RAJMET
Rajnandini Metal Ltd
RAJOOENG
Rajoo Engineers Ltd
RELTD
Ravindra Energy Ltd
RHETAN
RMDRIP
ROSSTECH
Rossell Techsys Ltd
RPEL
Raghav Productivity Enhancers Ltd
RPPL
Rajshree Polypack Ltd
RSL
Rajputana Stainless Ltd
RUBFILA
Rubfila International Ltd
RUDRA
Rudra Global Infra Products Ltd
RVTH
Revathi Equipment India Ltd
SAATVIKGL
SAGARDEEP
Sagardeep Alloys Ltd
SAMBHV
Sambhv Steel Tubes Ltd
SCODATUBES
Scoda Tubes Ltd
SERVOTECH
Servotech Renewable Power System Ltd
SHBAJRG
Shri Bajrang Alliance Ltd
SHILCTECH
Shilchar Technologies Ltd
SIKA
Sika Interplant Systems Ltd
SKFINDUS
SKF India (Industrial) Ltd
SOLEX
SURAJLTD
Suraj Ltd
TEMBO
Tembo Global Industries Ltd
THEJO
Thejo Engineering Ltd
TINNARUBR
Tinna Rubber & Infrastructure Ltd
TIRUPATIFL
TMCV
Tata Motors Ltd
UTLSOLAR
Fujiyama Power Systems Ltd
VIDYAWIRES
Vidya Wires Ltd
VIKRAMSOLR
VMSTMT
WAAREEENER
Waaree Energies Ltd
WAAREEINDO
Indosolar Ltd
WAAREERTL
Waaree Renewable Technologies Ltd
WELSPLSOL
Welspun Specialty Solutions Ltd
WORTHPERI
WPIL
WPIL Ltd
Technicals

Nitiraj Engineers Ltd technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Nitiraj Engineers Ltd — derived from the live tape, not yesterday's close.

Nitiraj Engineers Ltd last traded at ₹184.44 with an intraday range of ₹183–₹188.89 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹184.44
LevelPrice (₹)Distance% Δ
R4199.67+15.23+8.26%
R3193.78+9.34+5.06%
R2191.33+6.89+3.74%
R1187.89+3.45+1.87%
PIVOT185.441.000.54%
CURRENT184.44
S1170.22-14.22-7.71%
S2176.11-8.33-4.52%
S3179.55-4.89-2.65%
S4182.00-2.44-1.32%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 184.94P: 185.44TC: 185.94
R1
R2
R3
R4
indicator
LTP: 184.44
PDH: 190.92
PDL: 180.50
● Market Sentiment

NITIRAJ is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 184.21 ~ 187.7

● Price Position

Trading Inside opening range

Delivery & Volume

Nitiraj Engineers Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Nitiraj Engineers Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Nitiraj Engineers Ltd stood at 54.2% of traded volume, against a 20-day average of 73.7%.

Avg Delivery (20D)73.7%-19.5 ppt latest vs avg
Highest Delivery98.2%on 19 May
Avg Volume (20D)4.1 K20-day run-rate
Conviction Trend↓ Weakening-19.5 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

Nitiraj Engineers announcements: results, concalls, ratings, M&A.

Filings Nitiraj Engineers sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Insider Activity

Nitiraj Engineers insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in Nitiraj Engineers as reported to SEBI — buying and selling signals from the people who know the business best.

Nitiraj Engineers insider activity below tracks 1 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
YI HUNG SINInsider12 Mar 2025sell14.5 K₹56.65 L₹390.72
Corporate Actions

Nitiraj Engineers dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Nitiraj Engineers has declared, sequenced by announce and record date.

Nitiraj Engineers corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Nitiraj Engineers Ltd: business, sector, key facts.

What Nitiraj Engineers Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Nitiraj Engineers Ltd operates in the Electronic Equipment, Instruments & Components industry under the Information Technology sector, listed as NSE: NITIRAJ.

NITIRAJ
Electronic Equipment, Instruments & Components

Nitiraj Engineers Ltd

NSE · NITIRAJ·www.nitiraj.net

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
Founded / IPO09/03/2017
Employees259
SectorInformation Technology
HeadquartersDhulia, MAHARASHTRA, IN
Market Cap₹194.05 Cr
Listed OnNATIONAL STOCK EXCHANGE OF INDIA
leadership14 on record
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
Mr. Rajesh Raghunath Bhatwal
Founder, Chairman, CEO & MD
Mr. Ashishkumar G. Sharma
Chief Financial Officer
Ms. Deepika Amit Dalmiya
Company Secretary & Compliance Officer
Ms. Shakuntala Rajesh Bhatwal
Whole-Time Executive Woman Director
Mr. Hung Sin Chung Huanyi
Whole-Time Director
§ ∞ · Plainly Answered

Questions investors ask about Nitiraj Engineers Ltd (NITIRAJ).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Nitiraj Engineers Ltd (NITIRAJ)?

The current share price of Nitiraj Engineers Ltd (NITIRAJ) is ₹184.44. Today, the stock has gained by ₹0.37 (0.20%), trading in a range of ₹183 to ₹188.89. The stock opened at ₹187.7 with a trading volume of 496 shares.

02Is Nitiraj Engineers Ltd stock a good investment for long-term?

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.

03What is the 52-week high and low price of Nitiraj Engineers Ltd stock?

The 52-week high price of Nitiraj Engineers Ltd (NITIRAJ) is ₹236.98, while the 52-week low is ₹168. Currently trading at ₹184.44, the stock is 23.8% away from its 52-week low and 22.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Nitiraj Engineers Ltd stock at the current price?

Whether to buy Nitiraj Engineers Ltd stock at ₹184.44 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 gain of 0.20%. 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.

05What is the dividend yield of Nitiraj Engineers Ltd and when is the next dividend?

Nitiraj Engineers Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹184.44, 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.

06What are the key financial ratios and metrics of Nitiraj Engineers Ltd?

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.

07How is Nitiraj Engineers Ltd stock performing today in the market?

Nitiraj Engineers Ltd stock opened at ₹187.7 and is currently trading at ₹184.44, showing a gain of ₹0.37 (0.20%). The intraday high is ₹188.89 and low is ₹183. The trading volume stands at 496 shares, indicating moderate market participation today.

08What is the P/E ratio of Nitiraj Engineers Ltd and what does it indicate?

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.

Disclaimer

The data, ratios and commentary about Nitiraj Engineers Ltd (NITIRAJ) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.