Nitiraj Engineers Ltd.

198.91-2.7%

2026-08-21

nitiraj.netBSE: -NSE: NITIRAJ
Market Cap₹ 204 Cr.
Current Price₹ 204
High / Low₹ 237 / 168
Stock P/E
Book Value₹ 66
Price to Book3.10
Dividend Yield0.00 %
ROCE0.4 %
ROE-0.3 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BHEL418.5059.91145724.350.33376.71182.707697.7240.299.246.69
2.THERMAX4024.5580.8247955.050.5021.79-85.612302.737.0915.852.98
3.INDOMIM966.6089.5847796.520.612401.2212187.4224.4833.36
4.KIRLOSENG2081.9555.4730296.510.34111.06-20.051999.5313.3614.4615.02
5.JYOTICNC951.9067.2921648.400.0057.14-19.99508.4723.9723.8821.40
6.AZAD2827.20131.3818258.550.00351.601094.621725.991159.0012.2837.29
7.TRITURBINE569.9553.8818118.620.7551.10-20.65442.7019.2335.9511.59
8.INOXINDIA1932.5568.8317540.500.1058.07-4.98370.799.1833.5420.46
9.LLOYDSENGG92.9964.4814423.110.2768.23-77.28527.15142.9217.9915.04
10.TEGA1724.35613.1212954.640.12-108.25-406.361723.44383.9918.563.27
11.KRN1502.65101.469836.120.0032.90164.84252.32118.8721.2119.44
12.NITIRAJ199.280.00204.280.00-0.0299.3611.37-16.328.4011.79
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021
5
5
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
-0
Tax %
3.29%
Net Profit
-0
-0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2021
9
9
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
-0
Tax %
-115.00%
Net Profit
-0
-0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2021
12
12
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
0
Tax %
33.05%
Net Profit
0
0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2022
14
14
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
-4
Tax %
28.04%
Net Profit
-3
-3
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Jun 2022
7
7
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
-0
Tax %
28.10%
Net Profit
-0
-0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2022
16
15
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
-0
Tax %
-575.76%
Net Profit
-0
-0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2022
11
10
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
0
Tax %
-250.62%
Net Profit
0
0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2023
11
10
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
0
Tax %
96.88%
Net Profit
-0
0
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
53
46
Operating Profit
8
OPM %
15
Other Income
0
Interest
1
Depreciation
1
7
Tax %
33
Net Profit
5
EPS
0
Dividend Payout %
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2018
39
35
Operating Profit
6
OPM %
16
Other Income
2
Interest
0
Depreciation
2
4
Tax %
28
Net Profit
3
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
3
Minority Interest
0
Share of Associates
-0
Adjusted EPS
3
Mar 2019
54
45
Operating Profit
10
OPM %
18
Other Income
1
Interest
0
Depreciation
1
8
Tax %
28
Net Profit
6
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
6
Minority Interest
0
Share of Associates
-0
Adjusted EPS
6
Mar 2020
48
44
Operating Profit
5
OPM %
11
Other Income
2
Interest
0
Depreciation
1
4
Tax %
28
Net Profit
3
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
Minority Interest
0
Share of Associates
-0
Adjusted EPS
2
Mar 2021
53
45
Operating Profit
8
OPM %
16
Other Income
0
Interest
0
Depreciation
3
5
Tax %
27
Net Profit
4
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2022
40
38
Operating Profit
2
OPM %
6
Other Income
1
Interest
0
Depreciation
3
-5
Tax %
24
Net Profit
-4
EPS
-3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-3
Minority Interest
0
Share of Associates
0
Adjusted EPS
-3
Mar 2023
46
43
Operating Profit
4
OPM %
9
Other Income
0
Interest
0
Depreciation
4
-0
Tax %
-485
Net Profit
-0
EPS
-0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-0
TTM
46
43
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
4
0
Tax %
3,900
Net Profit
-0
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
-0
Adjusted EPS
Minority Interest
0
Share of Associates
-0
Adjusted EPS

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:
35%
3 Years:
26%
1 Year:
2%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 16

₹ 0.15

2024

Sep 17

₹ 0.15

Mar 2017
Equity Capital
8
49
0
Trade Payables
2
6
Total Liabilities
65
11
Capital Work in Progress
0
22
11
0
Cash & Bank
8
13
Total Assets
65
Total Debt
0
Net Working Capital
18
Contingent Liabilities
0
Book Value per Share
70.26
Face Value
10.00
Total Debt
0
Net Working Capital
18
Contingent Liabilities
0
Book Value per Share
70.26
Face Value
10.00
Mar 2018
Equity Capital
8
53
0
Trade Payables
1
2
Total Liabilities
64
13
Capital Work in Progress
0
25
12
0
Cash & Bank
1
13
Total Assets
64
Total Debt
0
Net Working Capital
17
Contingent Liabilities
0
Book Value per Share
74.12
Face Value
10.00
Total Debt
0
Net Working Capital
17
Contingent Liabilities
0
Book Value per Share
74.12
Face Value
10.00
Mar 2019
Equity Capital
8
59
0
Trade Payables
2
4
Total Liabilities
73
27
Capital Work in Progress
0
2
17
0
Cash & Bank
2
25
Total Assets
73
Total Debt
0
Net Working Capital
29
Contingent Liabilities
0
Book Value per Share
81.46
Face Value
10.00
Total Debt
0
Net Working Capital
29
Contingent Liabilities
0
Book Value per Share
81.46
Face Value
10.00
Mar 2020
Equity Capital
10
59
5
Trade Payables
2
3
Total Liabilities
80
38
Capital Work in Progress
0
2
14
0
Cash & Bank
5
22
Total Assets
80
Total Debt
5
Net Working Capital
21
Contingent Liabilities
0
Book Value per Share
67.52
Face Value
10.00
Total Debt
5
Net Working Capital
21
Contingent Liabilities
0
Book Value per Share
67.52
Face Value
10.00
Mar 2021
Equity Capital
10
61
0
Trade Payables
2
6
Total Liabilities
80
28
Capital Work in Progress
5
2
14
0
Cash & Bank
2
29
Total Assets
80
Total Debt
0
Net Working Capital
27
Contingent Liabilities
0
Book Value per Share
69.54
Face Value
10.00
Total Debt
0
Net Working Capital
27
Contingent Liabilities
0
Book Value per Share
69.54
Face Value
10.00
Mar 2022
Equity Capital
10
57
4
Trade Payables
1
4
Total Liabilities
76
36
Capital Work in Progress
0
2
15
0
Cash & Bank
1
22
Total Assets
76
Total Debt
4
Net Working Capital
24
Contingent Liabilities
0
Book Value per Share
66.04
Face Value
10.00
Total Debt
4
Net Working Capital
24
Contingent Liabilities
0
Book Value per Share
66.04
Face Value
10.00
Mar 2023
Equity Capital
10
57
3
Trade Payables
3
6
Total Liabilities
79
33
Capital Work in Progress
0
1
23
0
Cash & Bank
1
20
Total Assets
79
Total Debt
3
Net Working Capital
24
Contingent Liabilities
0
Book Value per Share
65.93
Face Value
10.00
Total Debt
3
Net Working Capital
24
Contingent Liabilities
0
Book Value per Share
65.93
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
-5
Cash from Investing
-3
Cash from Financing
15
7
Free Cash Flow
-5
OCF / Net Profit
-1.08
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.08
Cumulative 5-Year FCF
0
Mar 2018
-3
Cash from Investing
-3
Cash from Financing
-0
-6
Free Cash Flow
-5
OCF / Net Profit
-0.92
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.92
Cumulative 5-Year FCF
0
Mar 2019
16
Cash from Investing
-16
Cash from Financing
-0
0
Free Cash Flow
0
OCF / Net Profit
2.61
Cumulative 5-Year FCF
0
OCF / Net Profit
2.61
Cumulative 5-Year FCF
0
Mar 2020
10
Cash from Investing
-11
Cash from Financing
5
4
Free Cash Flow
-1
OCF / Net Profit
3.83
Cumulative 5-Year FCF
0
OCF / Net Profit
3.83
Cumulative 5-Year FCF
0
Mar 2021
2
Cash from Investing
-4
Cash from Financing
-0
-3
Free Cash Flow
2
OCF / Net Profit
0.44
Cumulative 5-Year FCF
0
OCF / Net Profit
0.44
Cumulative 5-Year FCF
0
Mar 2022
1
Cash from Investing
-6
Cash from Financing
3
-1
Free Cash Flow
-4
OCF / Net Profit
-0.41
Cumulative 5-Year FCF
-8
OCF / Net Profit
-0.41
Cumulative 5-Year FCF
-8
Mar 2023
1
Cash from Investing
0
Cash from Financing
-1
0
Free Cash Flow
-0
OCF / Net Profit
-3.08
Cumulative 5-Year FCF
-3
OCF / Net Profit
-3.08
Cumulative 5-Year FCF
-3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
EPS (₹)
5.61
Book Value (₹)
70.26
Dividend per Share (₹)
0.30
Cash EPS (₹)
5.37
Operating Margin %
12.18%
Net Margin %
6.79%
ROE %
7.99%
ROCE %
12.77%
7.06%
Debtor Days
29
Inventory Days
62
Payable Days
25
66
Debt to Equity (x)
0.00x
Interest Coverage (x)
14.52x
3.32x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
3.71
Book Value (₹)
74.12
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.70
Operating Margin %
15.32%
Net Margin %
7.79%
ROE %
5.19%
ROCE %
7.26%
4.76%
Debtor Days
44
Inventory Days
110
Payable Days
26
128
Debt to Equity (x)
0.00x
Interest Coverage (x)
79.43x
6.70x
Revenue Growth %
-27.41%
Operating Profit Growth %
-26.81%
Net Profit Growth %
-33.21%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
7.34
Book Value (₹)
81.46
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.15
Operating Margin %
17.69%
Net Margin %
10.90%
ROE %
9.51%
ROCE %
13.47%
8.87%
Debtor Days
64
Inventory Days
98
Payable Days
25
137
Debt to Equity (x)
0.00x
Interest Coverage (x)
77.85x
6.06x
Revenue Growth %
38.77%
Operating Profit Growth %
62.98%
Net Profit Growth %
97.40%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
2.35
Book Value (₹)
67.52
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.91
Operating Margin %
11.32%
Net Margin %
5.34%
ROE %
3.80%
ROCE %
5.74%
3.38%
Debtor Days
95
Inventory Days
120
Payable Days
34
180
Debt to Equity (x)
0.08x
Interest Coverage (x)
9.08x
2.95x
Revenue Growth %
-11.14%
Operating Profit Growth %
-44.39%
Net Profit Growth %
-57.39%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
3.45
Book Value (₹)
69.54
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.47
Operating Margin %
15.51%
Net Margin %
6.57%
ROE %
5.04%
ROCE %
7.07%
4.42%
Debtor Days
63
Inventory Days
95
Payable Days
30
128
Debt to Equity (x)
0.00x
Interest Coverage (x)
18.24x
4.96x
Revenue Growth %
11.52%
Operating Profit Growth %
52.36%
Net Profit Growth %
36.78%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
-3.44
Book Value (₹)
66.04
Dividend per Share (₹)
0.00
Cash EPS (₹)
-0.39
Operating Margin %
5.92%
Net Margin %
-8.81%
ROE %
-5.08%
ROCE %
-5.79%
-4.52%
Debtor Days
78
Inventory Days
133
Payable Days
28
183
Debt to Equity (x)
0.05x
Interest Coverage (x)
-8.34x
3.70x
Revenue Growth %
-25.79%
Operating Profit Growth %
-71.63%
Net Profit Growth %
-199.72%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
-0.22
Book Value (₹)
65.93
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.37
Operating Margin %
8.64%
Net Margin %
-0.50%
ROE %
-0.34%
ROCE %
0.39%
-0.30%
Debtor Days
58
Inventory Days
152
Payable Days
26
183
Debt to Equity (x)
0.04x
Interest Coverage (x)
0.88x
3.16x
Revenue Growth %
16.29%
Operating Profit Growth %
69.31%
Net Profit Growth %
93.49%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x

Shareholding Pattern

Numbers in percentages

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

Documents

Announcements

  • Copy of Newspaper Publication

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

  • Outcome of Board Meeting

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

Credit Ratings

Nothing filed yet.

Concalls

  • Feb 2025

    TranscriptPPTREC
  • Dec 2024

    TranscriptPPTREC
  • Aug 2024

    TranscriptPPTREC