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Prices as of 9 Oct 2026 close · Not investment advice

Nitiraj Engineers Limited

NSE: NITIRAJConsumer Electronics

Share price

₹209.90

+3.05% close of 9 Oct 2026

Market cap ₹215 CrP/E 89.6

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

47

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹215 Cr

P/E ratio

89.6

P/B ratio

2.6

ROCE

1.2%

ROE

1.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹234.0752-week low ₹171.85

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 33.9% over the past year. Meanwhile what it keeps of every 100 rupees of sales improved from 5.2% to 8.3% over the last four years.

Whether it grew faster than its sector

It grew 2.6% a year against a sector median of 11.3% — 8.7 percentage points slower.

Room to re-rate, or risk of de-rating

At 89.6× earnings it costs 3.7× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 45.1×, across 4 companies. It is against its own five-year median of 38.7×, the 85th percentile of its own range.

Whether growth justifies the valuation

It has no steady three-year profit record yet, so growth cannot be weighed against the price.

Profit growthPrice per ₹1 profitPer 1% growth
Nitiraj Engineers Limited — this one—89.6×—
PG Electroplast Limited36%/yr72.0×₹2.0
IKIO Technologies Limited-6%/yr30.0×—
Onida Electronics Limited-8%/yr——
Focus Lighting and Fixtures Limited-39%/yr58.7×—
SONAM LIMITED22%/yr31.5×₹1.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Consumer Electronics), it ranks 9 of 11 on returns, 8 of 10 on growth, 6 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 1.2% on capital, ahead of 18% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹31 crore of cash from the business, spent ₹20 crore on plant and equipment, and returned ₹5 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 99 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 206.1 days for its cash to waiting 221.2 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Standalone · Unaudited

Revenue

₹19 Cr

Net profit

₹1 Cr

Net margin

5.4%

EPS

₹1.00

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹215 Cr
Prev close
₹209.90
52w High
₹241
52w Low
₹168
Enterprise value
₹204 Cr
Beta
0.6
Price CAGR 1y
1.0%
Price CAGR 3y
23.0%
Price CAGR 5y
36.0%
Price CAGR 10y
—

Ratios

Return on assets
1.1%
PEG ratio
—
P/E ratio
89.6
P/B ratio
2.6
EV / EBITDA
37.2
Industry P/E
39.2
ROCE
1.2%
ROCE 5y average
5.9%
ROE
1.3%
Debt / Equity
0.0
Interest coverage
24.7
Dividend yield
0.0%
ROE 3y average
7.0%
ROE last year
1.0%

Annual P&L

Annual revenue
₹46 Cr
Annual profit
₹1 Cr
Operating margin
7.6%
Net profit margin
2.3%
EBITDA margin
7.6%
Sales growth 3y
0.2%
Sales growth 5y
-2.8%
Profit growth 3y
—
Profit growth 5y
-35.0%
EPS
₹1.0
Sales growth TTM
-34.0%
Profit growth TTM
-61.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹19 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
78.7%
YoY quarterly profit growth
—
OPM latest quarter
10.4%

Balance Sheet

Book Value
₹80.3
Face Value
₹10.0
Total debt
₹0 Cr
Total cash
₹4 Cr
Borrowings
₹0 Cr
Reserves / Equity
7.0

Cash Flow

Operating cash flow
-₹3 Cr
Free cash flow
-₹9 Cr
FCF yield
-4.2%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
69.1%
FII holding
0.0%
DII holding
—
Public holding
30.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Dixon Technolog.13,015.0042.479,6570.08717.8194.915,547.721.129.2
Havells India1,057.0039.866,3330.95289.7-16.56,518.219.524.9
PG Electroplast527.6573.615,1520.0576.213.82,034.035.310.3
IKIO Tech195.8732.41,5080.0011.1409.0169.340.99.5
Onida Electronics31.111,1500.00-14.2-13.5182.429.5-17.0
CWD290.0059.76770.006.356.1105.7293.618.3
Cellecor Gadgets29.8516.86640.0020.123.3650.38.322.7
Nitiraj Engineer203.2986.82080.001.0418.818.878.81.2
Median195.8736.94500.006.056.172.932.411.6

Competes with: Dixon Technologies (India) Limited, Havells India, IKIO Technologies Limited, MIRC Electronics Limited, Onida Electronics Limited, PG Electroplast Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales121620534.271337231116118.1819
Expenses9.911317425.891227221114108.4817
Material Cost7.786.418.343.451.8611
Change in Inventories4.70-1.44-1.711.311.14-1.10
Purchases of Stock-in-Trade000000
Employee Cost1.681.652.061.562.021.57
Other Expenses7.703.914.983.883.465.17
Operating Profit1.802.763.5710-1.620.709.610.750.022.711.11-0.301.96
OPM %15171820-385.57263.320.19179.81-3.6710
Other Income0.230.090.170.500.260.210.090.350.360.400.340.370.26
Exceptional items (within Other Income)000000
Interest0.0500.010.020.030.010.070.1000.030.010.020.01
Depreciation0.810.850.870.830.810.860.930.910.810.910.920.900.82
Profit before tax1.1722.869.91-2.200.048.700.09-0.432.170.52-0.851.39
Tax %25202525-255025156-262523-2627
Net Profit0.871.612.147.42-1.650.026.51-0.06-0.321.630.39-0.641.02
EPS in Rs0.851.572.097.24-1.610.026.35-0.06-0.311.590.38-0.621
Diluted EPS in Rs-0.05-0.321.590.38-0.621

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales446159395448534046100774655
Expenses37525135454445384382674349
Material Cost3820
Change in Inventories-0.51-0.71
Purchases of Stock-in-Trade00
Employee Cost6.557.29
Other Expenses2316
Operating Profit6.158.587.953.788.713.608.111.803.54189.433.545.48
OPM %1414149.74167.52154.547.6818127.6310
Other Income0.360.150.312.261.141.880.23-2.620.2810.911.481.37
Exceptional items (within Other Income)00
Interest0.300.740.510.050.110.450.280.500.320.090.200.060.07
Depreciation0.670.950.901.751.261.423.093.133.683.363.513.543.55
Profit before tax5.547.046.854.248.483.614.97-4.45-0.18166.621.423.23
Tax %25243328292827-25106242725
Net Profit4.185.364.603.076.072.593.63-3.36-0.37124.831.062.40
EPS in Rs327.154.472.985.892.533.54-3.28-0.36124.711.032.35
Diluted EPS in Rs4.711.03
Dividend Payout %003.5700000013320

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-3%
5 years
-3%
3 years
0%
TTM
-34%

Compounded profit growth

10 years
-22%
5 years
-35%
3 years
—
TTM
-61%

Stock price CAGR

10 years
—
5 years
36%
3 years
23%
1 year
1%

Return on equity

10 years
5%
5 years
4%
3 years
7%
Last year
1%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital168.208.208.2010101010101010
Reserves272649535959615857697372
Borrowings2.027.190005.350.623.973.200.230.020.02
Other Liabilities6.986.337.553.285.993.897.255.569.04119.7311
Total Liabilities374565647379807880919393
Fixed Assets128.7311132733283634333537
CWIP0.5000004.08111.601.601.601.862.13
Investments0.011.0122252.012.012.392.461.4912198.25
Other Assets243532274439383743443746
Total Assets374565647379807880919393

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2.94-4.29-4.96-2.80169.901.541.450.711814-3.43
Cash from Investing Activity-1.76-0.80-2.97-3.33-16-11-4.01-5.690.50-13-126.29
Cash from Financing Activity1.485.17150-0.064.62-0.462.96-1.19-3.20-1.83-1.60
Net Cash Flow-3.210.076.90-6.140.193.62-2.93-1.280.021.84-0.081.27
Free Cash Flow-4.70-5.09-7.59-5.091.510.42-2.47-3.45-0.12167.86-8.98

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5262343910474607652463237
Inventory Days217264158223240199175260341113162425
Days Payable2784105548048301738162042
Cash Conversion Cycle24324287208264225206319354143174420
Working Capital Days112101621471881191712061829095221
ROCE %2223157.26134.437.14-1.230.45217.961.17

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters696969696969696969696969
FIIs0000000.0500000
Public313131313131313131313131
No. of Shareholders1,4301,7871,9612,0622,8433,4284,5714,3564,2584,0133,5453,598

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +4.9% (₹200.07 → ₹209.90)Brick size ₹11.96 (fixed)Bricks 9
₹175₹200₹225₹210Feb '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹209.90 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-11.36inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Nitiraj Engineers Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • ABS plastic bowls and moulded plastic parts
  • Blank PCBs and PCB components
  • Load cells
  • Parts of electronic weighing scales including display and keypad assemblies
  • S.S. trays
  • SMF and Li-ion batteries
  • Semiconductors and other electronic parts
  • Steel / M.S. structures for weighbridges
  • Transformers, power cords and fuses

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Consumer Electronics
Classification
Consumer Durables › Consumer Electronics
ISIN
INE439T01012

Plants

  • Dadra & Nagar Haveli manufacturing unit
  • Dhule manufacturing facility

News impact

Big market events that reach Nitiraj Engineers Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

16 Sep 2025unspecified₹1.5
17 Sep 2024unspecified₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 21 rows from NSE's archive (replace 16, delete 0, insert 5), 2017-12-22..2026-02-01 (docs/flat_day_repair.md)1× · 22 Dec 2017

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
7 Sep 2026Rajesh Raghunath Bhatwal · DirectorBUY1,7000.00
5 Sep 2026Rajesh Raghunath Bhatwal · DirectorBUY15,5000.00
5 Sep 2026Rajesh Raghunath Bhatwal · DirectorBUY3,8000.00
5 Sep 2026Rajesh Raghunath Bhatwal · DirectorBUY5000.00

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.