Nitiraj Engineers Ltd.

•

nitiraj.netBSE: -NSE: NITIRAJ

Market Cap₹ 239 Cr.

Current Price

High / Low₹ 241 / 168

Stock P/E—

Book Value₹ 66

Price to Book3.54

Dividend Yield0.00 %

ROCE0.4 %

ROE-0.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

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PROS

Company is almost debt free

CONS

Company is loss-making at the operating / net level
Company has a low return on capital employed of 0.6%
Company has a low return on equity of -0.1% over last 3 years
Interest coverage is weak at 0.9x - earnings barely cover interest
Company has delivered a poor sales growth of 3.5% over past five years
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	430.60	61.64	149937.65	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1018.90	94.43	50382.66	0.58	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3680.25	73.91	43852.50	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34514.05	55.37	30515.68	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	987.95	69.84	22468.26	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2245.75	80.12	20418.91	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2846.00	132.25	18379.96	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.10	53.80	18091.60	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1731.10	615.52	13005.36	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	82.72	57.36	12830.19	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1595.75	107.75	10445.54	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	NITIRAJ	233.25	99.30	239.10	0.00	-0.02	99.36	11.37	-16.32	8.40	11.79

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
	5	9	12	14	7	16	11	11
	5	9	12	14	7	15	10	10
Operating Profit	-0	-0	0	-0	1	1	1	1
OPM %	-9.40%	-2.08%	0.55%	-1.66%	8.53%	5.44%	9.44%	8.44%
	0	0	0	-3	0	0	0	0
Interest	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1
Profit before Tax	-0	-0	0	-4	-0	-0	0	0
Tax %	3.29%	-115.00%	33.05%	28.04%	28.10%	-575.76%	-250.62%	96.88%
Net Profit	-0	-0	0	-3	-0	-0	0	-0
	-0.40	-0.08	0.08	-3.03	-0.29	-0.28	0.35	0.00

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	53	39	54	48	53	40	46	46
	46	35	45	44	45	38	43	43
Operating Profit	8	4	9	4	8	2	4	4
OPM %	14.86%	9.71%	16.08%	7.52%	15.19%	4.50%	7.68%	7.67%
	0	2	1	2	0	-3	0	0
Interest	1	0	0	0	0	0	0	0
Depreciation	1	2	1	1	3	3	4	4
Profit before Tax	7	4	8	4	5	-5	-0	0
Tax %	32.83%	27.55%	28.45%	28.36%	27.44%	23.73%	-484.73%	3900.00%
Net Profit	5	3	6	3	4	-4	-0	-0
EPS	0.00	0.00	0.00	2.35	3.45	-3.44	-0.22	—
Dividend Payout %	5.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 3%
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 39%
3 Years:: 31%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: —
5 Years:: 3%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	8	8	8	10	10	10	10
	49	53	59	59	61	57	57
	0	0	0	5	0	4	3
Trade Payables	2	1	2	2	2	1	3
	6	2	4	3	6	4	6
Total Liabilities	65	64	73	80	80	76	79
	11	13	27	38	28	36	33
Capital Work in Progress	0	0	0	0	5	0	0
	22	25	2	2	2	2	1
	11	12	17	14	14	15	23
	0	0	0	0	0	0	0
Cash & Bank	8	1	2	5	2	1	1
	13	13	25	22	29	22	20
Total Assets	65	64	73	80	80	76	79

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-5	-3	16	10	2	3	1
Cash from Investing	-3	-3	-16	-11	-4	-6	0
Cash from Financing	15	-0	-0	5	-0	3	-1
	7	-6	0	4	-3	-1	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07
	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.93	30.93	30.93	30.88	30.93	30.93	30.93	30.93	30.93

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Updates

2026-09-05 - Nitiraj Engineers Limited has informed the Exchange regarding 'Book Closure for Annual General Meeting'.

2026-09-05

Updates

2026-09-05 - Nitiraj Engineers Limited has informed the Exchange regarding 'Intimation of Letter sent by the company to those shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depository Participants'. as required under SEBI (LODR) Regulation, 2015.

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Nitiraj Engineers Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Shareholders meeting

2026-09-04 - Nitiraj Engineers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-04

Outcome of Board Meeting

2026-09-04 - Nitiraj Engineers Limited has informed the Exchange regarding Outcome of Board Meeting held on September 04, 2026.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Nitiraj Engineers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Nitiraj Engineers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.

2026-08-13

Outcome of Board Meeting

2026-08-13 - Nitiraj Engineers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-09

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-09 - Nitiraj Engineers Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for NITIRAJ

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Nitiraj Engineers Ltd.

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Free 5nance Account

Name

BHEL

430.60

61.64

149937.65

0.33

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

1018.90

94.43

50382.66

0.58

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3680.25

73.91

43852.50

0.54

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34514.05

55.37

30515.68

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

987.95

69.84

22468.26

0.00

57.14

-19.99

508.47

23.97

21.34

21.40

INOXINDIA

2245.75

80.12

20418.91

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

AZAD

2846.00

132.25

18379.96

0.00

35.16

19.46

172.60

25.90

12.04

37.29

TRITURBINE

569.10

53.80

18091.60

0.75

51.10

-20.65

442.70

19.23

35.95

11.59

TEGA

1731.10

615.52

13005.36

0.12

-108.25

-406.36

1723.44

383.99

8.37

3.27

LLOYDSENGG

82.72

57.36

12830.19

0.30

68.23

-77.28

527.15

142.92

17.99

15.04

KRN

1595.75

107.75

10445.54

0.00

32.90

164.84

252.32

118.87

16.06

19.44

NITIRAJ

233.25

99.30

239.10

0.00

-0.02

99.36

11.37

-16.32

8.40

11.79

Jun 2021

Sep 2021

Dec 2021

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2023

Operating Profit

-0

OPM %

-9.40%

-2.08%

0.55%

-1.66%

8.53%

5.44%

9.44%

8.44%

-3

Interest

Depreciation

Profit before Tax

-0

-4

-0

Tax %

3.29%

-115.00%

33.05%

28.04%

28.10%

-575.76%

-250.62%

96.88%

Net Profit

-0

-3

-0

-0.40

-0.08

0.08

-3.03

-0.29

-0.28

0.35

0.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

TTM

Operating Profit

OPM %

14.86%

9.71%

16.08%

7.52%

15.19%

4.50%

7.68%

7.67%

-3

Interest

Depreciation

Profit before Tax

-5

-0

Tax %

32.83%

27.55%

28.45%

28.36%

27.44%

23.73%

-484.73%

3900.00%

Net Profit

-4

-0

EPS

0.00

2.35

3.45

-3.44

-0.22

—

Dividend Payout %

5.34%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Equity Capital

Trade Payables

Total Liabilities

Capital Work in Progress

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

-5

-3

Cash from Investing

-3

-16

-11

-4

-6

Cash from Financing

-0

-1

-6

-3

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

69.07

0.00

0.05

0.00

DIIs

0.00

Government

0.00

30.93

30.88

30.93

Nitiraj Engineers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Nitiraj Engineers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI