Nitiraj Engineers Limited

NSE: NITIRAJ · Unclassified

₹184.46-3.52%06 Nov 2026

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Instant answers about Nitiraj Engineers Limited — computed from its filings, no language model

Market cap₹189 cr

Current price₹184.46

High / Low₹234 / ₹172

P/E78.8

P/B2.30

Book value₹80.3

ROE2.9%

ROCE4.0%

Debt / equity0.00

Dividend yield0.81%

EPS (TTM)₹2.34

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	46.1	100.4	76.5	46.4
EBITDA	3.5	18.4	9.4	3.5
Operating margin	7.7%	18.3%	12.3%	7.6%
Interest	0.3	0.1	0.2	0.1
Depreciation	3.7	3.4	3.5	3.5
Profit before tax	-0.2	15.9	6.6	1.4
Tax	0.2	3.9	1.8	0.3
Net profit	-0.4	12.0	4.8	1.1
EPS ₹	-0.36	11.74	4.71	1.03
Operating cash flow	0.7	17.9	14.2	-3.4
Capex	0.9	2.4	6.3	5.5
Dividend paid	0.0	0.0	1.5	1.5
Total assets	79.8	90.5	93.0	93.2
Equity	67.6	79.7	82.8	82.3

Quarterly performance

last 15 quarters · ₹ crore

showing latest 8 of 15 periods

	DEC '21	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	12.3	11.4	11.7	15.9	20.2	52.6	4.3	12.6	37.1	22.6	10.5	16.4	11.3	8.2	18.8
Operating profit	1.0	1.0	1.8	2.8	3.6	10.3	-1.6	0.7	9.6	0.7	0.0	2.7	1.1	-0.3	2.0
Operating margin	7.9%	8.4%	15.4%	17.4%	17.6%	19.5%	-38.2%	5.6%	25.9%	3.3%	0.2%	16.5%	9.8%	-3.7%	10.4%
Other income	0.1	0.2	0.2	0.1	0.2	0.5	0.3	0.2	0.1	0.3	0.4	0.4	0.3	0.4	0.3
Interest	0.1	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0
Depreciation	0.8	1.0	0.8	0.8	0.9	0.8	0.8	0.9	0.9	0.9	0.8	0.9	0.9	0.9	0.8
Profit before tax	0.1	0.1	1.2	2.0	2.9	9.9	-2.2	0.0	8.7	0.1	-0.4	2.2	0.5	-0.8	1.4
Tax	0.0	0.3	0.3	0.4	0.7	2.5	-0.6	0.0	2.2	0.1	-0.1	0.6	0.1	-0.2	0.4
Net profit	0.0	-0.2	0.9	1.6	2.1	7.4	-1.6	0.0	6.5	-0.1	-0.3	1.6	0.4	-0.6	1.0
EPS ₹	0.08	-0.17	0.85	1.57	2.09	7.23	-1.61	0.02	6.36	-0.05	-0.32	1.59	0.38	-0.62	1.00
Revenue YoY	—	—	—	—	—	362.4%	-63.5%	-21.1%	83.1%	-57.0%	146.8%	30.5%	-69.5%	-63.8%	78.7%
Profit YoY	—	—	—	—	—	—	-289.7%	-98.8%	204.2%	-100.8%	—	8050.0%	-94.0%	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 11 periods

	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	6.4%	15.1%	12.0%	10.4%	16.1%	5.8%	7.4%	9.2%	1.9%	1.3%	2.9%
ROCE	8.9%	20.1%	15.8%	14.0%	21.7%	8.3%	10.4%	12.8%	3.0%	1.8%	4.0%
Net margin	7.5%	12.0%	10.2%	8.8%	11.6%	6.3%	7.4%	9.0%	2.7%	2.3%	4.4%
EBITDA margin	15.4%	18.3%	16.1%	14.4%	17.8%	12.3%	13.4%	15.1%	7.5%	7.6%	10.0%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	62.70	200.37	210.67	152.57	127.62	32.57	47.67	53.70	17.79	24.67	47.43
Asset turnover	0.76	1.11	1.03	1.03	1.22	0.82	0.89	0.92	0.65	0.50	0.59

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	10.2	10.2	10.2	10.2	10.2	10.2	10.2
Other equity / reserves	57.3	59.8	69.4	66.3	72.6	73.9	72.1
Total equity	67.6	70.1	79.7	76.5	82.8	84.1	82.3
Borrowings	3.0	0.0	0.1	0.0	0.0	0.0	0.0
Current liabilities	11.3	6.5	8.6	8.7	7.7	7.4	7.1
Non-current liabilities	0.9	1.4	2.3	1.9	2.5	2.6	3.8
Total assets	79.8	78.0	90.5	87.0	93.0	94.1	93.2
Property, plant & equipment	29.9	29.1	29.0	30.8	31.9	35.4	33.8
Capital work-in-progress	0.0	0.0	0.0	1.9	0.0	0.0	—
Investments	1.5	2.5	12.3	1.9	18.7	4.3	8.2
Inventories	23.1	21.9	18.0	21.2	16.4	20.7	22.5
Receivables	6.5	3.9	12.8	4.6	6.8	13.4	4.7
Cash & equivalents	0.3	1.2	2.1	4.2	2.0	2.6	3.3

Cash flow

annual · ₹ crore · line = free cash flow

	FY23	FY24	FY25	FY26
Cash from operations	0.7	17.9	14.2	-3.4
Cash from investing	0.5	-12.8	-12.4	6.3
Cash from financing	-1.2	-3.2	-1.8	-1.6
Capex	0.9	2.4	6.3	5.5
Free cash flow	-0.1	15.4	7.9	-8.9
Dividends paid	0.0	0.0	1.5	1.5

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹33.8 cr36%

Investments

₹8.2 cr9%

Inventories

₹22.5 cr24%

Receivables

₹4.7 cr5%

Cash & equivalents

₹3.3 cr4%

Other assets

₹20.5 cr22%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Nitiraj Engineers Limited	189	184.46	78.8	2.30	2.9%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-13.7%

6 months-10.6%

1 year-3.9%

3Y CAGR+16.7%

5Y CAGR+30.1%

10Y CAGR—

50-day avg₹209.64

200-day avg₹202.67

RSI (14)36

FAQs

What is the share price of Nitiraj Engineers Limited?

Nitiraj Engineers Limited (NITIRAJ) closed at ₹184.46 on NSE on 06 Nov 2026.

What is the market cap of Nitiraj Engineers Limited?

₹189 crore at the latest close.

What is the P/E ratio of Nitiraj Engineers Limited?

78.8, on trailing-twelve-month earnings from its filings.

How fast is Nitiraj Engineers Limited growing?

Nitiraj Engineers Limited: revenue has compounded at 0.2% a year over three years. Latest-quarter revenue is up 78.7% year on year.

How profitable is Nitiraj Engineers Limited?

On a trailing-twelve-month basis return on equity is 2.9%, return on capital employed 4.0%, operating margin 10.0%, net margin 4.4%.

How much debt does Nitiraj Engineers Limited have?

Nitiraj Engineers Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹3 cr (balance sheet of 2026-03-31). Operating profit covers interest 47.4 times.

Financials parsed from Nitiraj Engineers Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from DEC '21, annual from FY23, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.