Nitiraj Engineers
Nitiraj Engineers Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Nitiraj Engineers Limited, framed against the sector median so the premium or discount is obvious at a glance.
Nitiraj Engineers Limited trades at a P/E of 185.35× and P/B of 2.38×, against the Capital Goods sector median P/E of 19.26×.
Valuation
Profitability
Growth
Financial Health
Nitiraj Engineers Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Nitiraj Engineers Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Nitiraj Engineers Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Nitiraj Engineers Limited, switchable between annual and quarterly views, consolidated or standalone.
Nitiraj Engineers Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹196.82 Cr and reported EPS of ₹1.03.
| Period | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue from Operations | 54 | 40 | 46 |
| Other Income | 0 | 1 | 0 |
| Total Income | 54 | 40 | 47 |
| Cost of Goods Sold (COGS) | 29 | 22 | 25 |
| Gross Profit | 25 | 18 | 21 |
| +Operating Expenses | 17 | 16 | 18 |
| EBITDA | 8 | 2 | 4 |
| +Non-Operating Expenses | 3 | 0 | 4 |
| Profit Before Tax (PBT) | 5 | -4 | 0 |
| +Tax Expense | 1 | -1 | 0 |
| Profit After Tax (PAT) | 4 | -4 | -0 |
| Earnings Per Share (EPS) | 3.55 | -3.44 | -0.22 |
| Diluted Shares Outstanding (Nos.) | 1 | 1 | 1 |
| +Additional Disclosures | 78 | 63 | 71 |
| Sales Growth % | — | -26.37 | 16.29 |
| YoY Sales Growth % | — | -26.37 | 16.29 |
| Material Cost % | 52 | 53 | 61 |
| Employee Cost % | 10 | 14 | 11 |
| Other Cost % | 23 | 27 | 27 |
| OPM % | 15 | 5 | 8 |
| Tax % | 26 | 25 | 2,442 |
| Profit Growth % | — | -197.03 | 93.49 |
| Gross Margin % | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | -0.00 | -0.00 |
| Additional Fields | 5 | -1 | -0 |
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
Nitiraj Engineers Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Nitiraj Engineers Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Nitiraj Engineers Limited's investment case rests on 6 positive markers and 10 flagged concerns drawn from the latest reported filings.
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.
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.
What would change my mind.
Trim if P/E re-rates above 241 (~12.5× the sector multiple of 19.3). 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.
Nitiraj Engineers Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Nitiraj Engineers Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Nitiraj Engineers Limited 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 Limited — derived from the live tape, not yesterday's close.
Nitiraj Engineers Limited last traded at ₹190.91 with an intraday range of ₹190–₹196.65 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹190.91| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 208.34 | +17.43 | +9.13% |
| R3 | 201.69 | +10.78 | +5.65% |
| R2 | 199.17 | +8.26 | +4.33% |
| R1 | 195.04 | +4.13 | +2.16% |
| PIVOT | 192.52 | 1.61 | 0.84% |
| CURRENT | 190.91 | — | — |
| S1 | 175.09 | -15.82 | -8.29% |
| S2 | 181.74 | -9.17 | -4.80% |
| S3 | 185.87 | -5.04 | -2.64% |
| S4 | 188.39 | -2.52 | -1.32% |
NITIRAJ is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 194.77 ~ 196.65
Trading Inside opening range
Nitiraj Engineers Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Nitiraj Engineers Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Nitiraj Engineers Limited stood at 71.0% of traded volume, against a 20-day average of 63.6%.
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.
Nitiraj Engineers files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 36 documents below.
General Updates
Nitiraj Engineers Limited has informed the Exchange about General Updates
- 10 Jun 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsView PDF
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Nitiraj Engineers Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Resignation
Nitiraj Engineers Limited has informed the Exchange regarding Resignation of Mrs Deepika Amit Dalmiya as Company Secretary & Compliance Officer of…
Resignation of Director/KMP/SMP
Nitiraj Engineers Limited has informed the Exchange about Resignation of Director/KMP/SMP
Copy of Newspaper Publication
Nitiraj Engineers Limited has informed the Exchange about Copy of Newspaper Publication
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).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| YI HUNG SIN | Insider | 12 Mar 2025 | sell | −14.5 K | ₹56.65 L | ₹390.72 |
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 Nitiraj Engineers Limited: business, sector, key facts.
What Nitiraj Engineers Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Nitiraj Engineers Limited operates in the Capital Goods, listed as NSE: NITIRAJ.
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.
Questions investors ask about Nitiraj Engineers Limited (NITIRAJ).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Nitiraj Engineers Limited (NITIRAJ)?
The current share price of Nitiraj Engineers Limited (NITIRAJ) is ₹190.91. Today, the stock has declined by ₹3.86 (1.98%), trading in a range of ₹190 to ₹196.65. The stock opened at ₹194.77 with a trading volume of 1,022 shares.
02Is Nitiraj Engineers Limited stock a good investment for long-term?
Nitiraj Engineers Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹196.82 crores, P/E ratio of 185.35, ROE of 1.28%, and ROCE of 0.38%. The dividend yield stands at 0.79%. 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 Limited stock?
The 52-week high price of Nitiraj Engineers Limited (NITIRAJ) is ₹236.98, while the 52-week low is ₹168. Currently trading at ₹190.91, the stock is 33.2% away from its 52-week low and 19.4% 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 Limited stock at the current price?
Whether to buy Nitiraj Engineers Limited stock at ₹190.91 depends on multiple factors. The stock is currently trading with a P/E ratio of 185.35 and P/B ratio of 2.38. Today's performance shows a loss of 1.98%. 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 Limited and when is the next dividend?
Nitiraj Engineers Limited offers a dividend yield of 0.79%, which means for every ₹100 invested at the current price of ₹190.91, you can expect to receive approximately ₹0.79 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 Limited?
Nitiraj Engineers Limited's key financial metrics include: P/E Ratio: 185.35, P/B Ratio: 2.38, ROE: 1.28%, ROCE: 0.38%, Dividend Yield: 0.79%, EPS: ₹1.03, Book Value: ₹80.09, and Debt-to-Equity: 0.03. The company's market cap stands at ₹196.82 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Nitiraj Engineers Limited stock performing today in the market?
Nitiraj Engineers Limited stock opened at ₹194.77 and is currently trading at ₹190.91, showing a decline of ₹3.86 (1.98%). The intraday high is ₹196.65 and low is ₹190. The trading volume stands at 1,022 shares, indicating moderate market participation today.
08What is the P/E ratio of Nitiraj Engineers Limited and what does it indicate?
Nitiraj Engineers Limited has a Price-to-Earnings (P/E) ratio of 185.35, which means investors are willing to pay ₹185.35 for every ₹1 of earnings. With an EPS of ₹1.03, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Nitiraj Engineers Limited (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.
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