Niraj Ispat Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company comfortably covers its interest (96.1x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (66.5% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.70x)
- Company has a low return on capital employed of 10.0%
- Company has a low return on equity of 9.0% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | 3367.00 | 41.43 | 42769.95 | 1.07 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| ASTRAL | 1410.10 | 65.83 | 37882.36 | 0.28 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| GRWRHITECH | 6928.55 | 41.50 | 16096.68 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 18.08 | 27.17 |
| SHAILY | 3279.80 | 85.33 | 15085.52 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 29.46 | 29.59 |
| FINPIPE | 153.55 | 15.48 | 9527.42 | 1.79 | 114.52 | 16.67 | 883.58 | -15.30 | 12.73 | 12.09 |
| TIMETECHNO | 180.90 | 18.23 | 8929.86 | 0.83 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 17.37 | 13.25 |
| KINGFA | 6197.25 | 37.21 | 8398.13 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| RESPONIND | 173.35 | 45.62 | 4621.66 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| POLYPLEX | 1135.00 | 22.94 | 3563.04 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| NILKAMAL | 2054.70 | 24.60 | 3066.13 | 0.97 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| XPROINDIA | 1294.90 | 93.05 | 3039.18 | 0.15 | 7.63 | 239.10 | 174.42 | 20.37 | 4.00 | 9.08 |
| NIRAJISPAT | 300.30 | 11.84 | 18.02 | 0.00 | 2.98 | 641.29 | 8.88 | 832.77 | 11.29 | 5.86 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| OPM % | 11.34% | 17.71% | 19.70% | 5.97% | 20.00% | 23.30% | 25.32% | 28.00% | 24.21% | 27.55% | 25.32% | 21.35% | 0.90% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Tax % | 25.93% | 30.30% | 24.14% | 23.81% | 24.32% | 25.53% | 6.98% | 41.18% | 25.93% | 27.12% | 24.53% | 27.78% | 25.13% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3.38 | 3.86 | 3.62 | 2.64 | 4.59 | 5.91 | 6.77 | 5.00 | 6.70 | 7.23 | 6.65 | 6.50 | 4.97 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 7 | 6 | 5 | 4 | 5 | 6 | 3 | 4 | 4 | 4 | |
| 6 | 5 | 5 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | |
| Operating Profit | 2 | 1 | 1 | 1 | 0 | 1 | 2 | 0 | 1 | 1 | 1 |
| OPM % | 21.96% | 18.58% | 15.47% | 12.41% | 8.65% | 15.95% | 30.59% | 14.05% | 24.19% | 25.12% | 18.83% |
| 1 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 2 | 2 | 2 |
| Tax % | 34.63% | 24.66% | 22.62% | 32.24% | 23.86% | 25.32% | 25.12% | 26.48% | 25.11% | 26.07% | 26.24% |
| Net Profit | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 1 | 2 | 2 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 5.78 | 12.54 | 27.80 | 13.50 | 22.26 | 27.07 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -6%
- 5 Years:
- 0%
- 3 Years:
- -13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- 36%
- 3 Years:
- -1%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 10%
- 3 Years:
- 9%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | 8 | 8 | 9 | 9 | 10 | 12 | 12 | 14 | 15 | |
| 6 | 6 | 6 | 3 | 3 | 1 | 1 | 1 | 5 | 5 | |
| Trade Payables | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | |
| Total Liabilities | 16 | 16 | 16 | 14 | 14 | 14 | 15 | 15 | 20 | 22 |
| 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| 12 | 13 | 13 | 11 | 12 | 12 | 13 | 13 | 18 | 19 | |
| Total Assets | 16 | 16 | 16 | 14 | 14 | 14 | 15 | 15 | 20 | 22 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -0 | 0 | 3 | 0 | 1 | -0 | -1 | -4 | -1 | |
| Cash from Investing | -0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Cash from Financing | -1 | 0 | -0 | -3 | -0 | -2 | -0 | 0 | 3 | -0 |
| -0 | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Significant movement in price has been observed in Niraj Ispat Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Niraj Ispat Industries Limited has submitted their response.
2026-08-31 - Significant movement in price has been observed in Niraj Ispat Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-08-22 - Niraj Ispat Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026
2026-08-20 - Niraj Ispat Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026
2026-08-14 - Niraj Ispat Industries Limited has informed the Exchange about the clippings of theEnglish newspaper Financial Express and Hindi Newspaper Jansatta dated 14th August,2026 in which Un-audited Financial Results for the quarter ended 30th, June 2026 has beenpublished.
2026-08-12 - Niraj Ispat Industries Limited has submitted to the Exchange, Un-Audited Financial Results of the Company for the quarter ended 30th June, 2026.
2026-07-29 - Niraj Ispat Industries Limited has informed the Exchange about Copy of Newspaper Publication dated 29th July, 2026.
2026-07-27 - Niraj Ispat Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2026
2026-07-25 - Niraj Ispat Industries Limited has informed the Exchange about Appointment of M/S Vipin Kumar & Company (Chartered Accountant) as an Internal Auditor of the company for the Financial Year 2026-2027.
News
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