Nitiraj Engineers Ltd
NSE: NITIRAJ · Other · sector
₹190.25NSE close 2026-10-26
Key numbers
Market cap₹195 cr
Price₹190.25
52w high / low₹241 / ₹168
P/E81.0xSector median 14.4x
P/B2.4xSector median 1.7x
Book value₹80.3
Dividend yield0.79%Sector median 0.37%
ROE2.9%Sector median 13.8%
ROCE4.0%Sector median 19.6%
OPM10.0%Sector median 10.4%
Debt / equity0.00xSector median 0.29x
EV/EBITDA33.5xSector median 8.4x
Interest cover48.5x
Current ratio6.59x
Sales growth 3y+0.2%Sector median +7.7%
Profit growth 3y–Sector median +16.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹11 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 48.5x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 57% of net profit in the last 12 months.
- Dividend paid in 2 of the last 5 financial years.
- Price ₹190.25 on 2026-10-26: -21.1% from the 52-week high, +13.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹366.20 · low ₹171.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 37 | 23 | 11 | 16 | 11 | 8 | 19 |
| EBITDA | 1 | 10 | 1 | 0 | 3 | 1 | -0 | 2 |
| OPM % | 5.6% | 25.9% | 3.3% | 0.2% | 16.5% | 9.8% | -3.7% | 10.4% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 7 | -0 | -0 | 2 | 0 | -1 | 1 |
| EPS (₹) | 0.02 | 6.36 | -0.05 | -0.32 | 1.59 | 0.38 | -0.62 | 1.00 |
| Revenue YoY | +30.5% | -69.5% | -63.8% | +78.7% | ||||
| Profit YoY | +8,050.0% | -94.0% | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 40 | 46 | 100 | 77 | 46 | 55 |
| EBITDA | -1 | 3 | 18 | 9 | 4 | 5 |
| Net profit | -4 | -0 | 12 | 5 | 1 | 2 |
| EPS (₹) | -3.44 | -0.36 | 11.74 | 4.71 | 1.03 | 2.35 |
| Revenue growth | +16.3% | +118.0% | -23.8% | -39.3% | -33.9% | |
| Profit growth | – | – | -59.9% | -78.1% | -60.9% | |
| Dividend / share (₹) | – | – | – | 1.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.2% | – | -33.9% |
| Net profit | – | – | -60.9% |
| EPS | – | – | – |
| Share price | – | -9.0% (2y) | +1.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 68 | 80 | 83 | 82 |
| Borrowings | – | 3 | 0 | 0 | 0 |
| Cash & equivalents | – | 1 | 14 | 21 | 11 |
| Total assets | – | 80 | 91 | 93 | 93 |
| Fixed assets | – | 30 | 29 | 32 | 34 |
| Capital work in progress | – | 0 | 0 | 0 | – |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 7 | 13 | 7 | 5 |
| Inventory | – | 23 | 18 | 16 | 23 |
| Payables | – | 3 | 3 | 2 | 2 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1 | 1 | 18 | 14 | -3 |
| Cash from investing | -6 | 0 | -13 | -12 | 6 |
| Cash from financing | 3 | -1 | -3 | -2 | -2 |
| Capex | 5 | 1 | 2 | 6 | 6 |
| Free cash flow | -4 | -0 | 15 | 8 | -9 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -0.5% | 15.1% | 5.8% | 1.3% |
| ROCE % | – | 0.2% | 20.1% | 8.2% | 1.8% |
| Debtor days | – | 52 | 46 | 32 | 37 |
| Inventory days | – | 341 | 113 | 162 | 425 |
| Payable days | – | 38 | 16 | 20 | 42 |
| Cash conversion cycle (days) | – | 355 | 143 | 174 | 420 |
| Working capital days | – | 193 | 142 | 192 | 311 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.28% |
| FIIs | 0.00% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 30.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.07% | 69.28% |
| Promoter group | % |
|---|---|
| Rajesh Raghunath Bhatwal | 45.12% |
| Shakuntala Rajesh Bhatwal | 23.37% |
| Meerabai Raghunath Bhatwal | 0.61% |
| Prachi Rajesh Bhatwal | 0.15% |
| Deepa Khatri | 0.03% |
| Alok Raghunath Bhatwal | 0.00% |
| Public holders above 1% | % |
|---|---|
| YI Hung SIN | 7.98% |
| Atish Kumar | 2.54% |
| Suresh Champalal Kakaria HUF | 2.21% |
| Priya Aashish Kakaria | 1.43% |
3,245 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| NITIRAJ | ₹195 cr | 81.0x | 2.4x | 2.9% | 4.0% | 10.0% | +0.2% | 0.79% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-09-16 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-05-02 | Other | Extra Ordinary General Meeting |
| 2024-09-17 | Other | Annual General Meeting |
| 2024-09-17 | Dividend | Dividend - Rs 1.50 Per Share |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | NITIRAJ |
| BSE code | – |
| ISIN | INE439T01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.