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Nitiraj Engineers Limited

Nitiraj Engineers Limited

NSE: NITIRAJ
Scientific & Technical InstrumentsTechnologySMALL CAPMCap ₹208.6 Cr
₹203.51₹-6.01 (-2.87%)

Market Closed • NSE

Market cap₹208.6 Cr
Enterprise value₹203.5 Cr
P/E TTM86.60
P/B2.54
EPS TTM₹2.35
ROCE0.38%
D/E0.03
Dividend yield0.00%
Face value₹10.00
52W high₹241.00
52W low₹168.00
Price chart(1Y)
1Y Return:+3.54% (+₹6.96)
H: ₹241L: ₹176.05
1W-2.63%
1M-13.06%
3M-8.63%
6M-0.29%
1Y+3.25%
Today at a glance

Day range

₹203.00₹208.48

52 week range

₹168.00₹241.00
Volume5350.51x 20D avg
Free float50.00%-48.90% volume

Nitiraj Engineers Limited closed at INR203.51 (-2.87%) on volume 0.51x its 20-day average, trading 15.56% below its 52-week high.

Technical analysis
RSI (14)41.2Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹10.27High
SMA 20₹214.17BEARISH
SMA 50₹212.94BEARISH
SMA 100₹204.87BEARISH
SMA 200₹202.03BULLISH
CPR bottom₹206.56
Pivot₹207.55
CPR top₹208.53
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -261.7% QoQ

2025-09-16

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

2025-05-02

EGM Announced

Extra Ordinary General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.3 Lakh₹208.6 Cr0.01%≤ 33%PASS
Non-halal income ratio–₹46.4 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹89.8 Cr₹93.2 Cr96.44%≥ 20%PASS
Receivables ratio–₹93.2 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E86.6023.00
Forward P/E——
P/B2.543.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield1.204.30
Growth & profitability
RevenuePAT
FY22PAT margin -8.90%
FY23PAT margin -0.50%
FY24PAT margin 12.00%
FY25PAT margin 6.30%
FY26PAT margin 2.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.20%
Revenue CAGR 5Y+3.20%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin6.07%
Net margin4.40%
Financial health & cash flow
Net debt–Moderate
Interest coverage-0.10xEBIT / interest
CFO / PAT1.60x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-343.0 Lakh
Capital expenditure–
Free cash flow₹-905.3 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.03x

High Cash Flow Conversion: CFO/PAT averaged 1.6x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 86.6x

Bull case

Market Leadership: Established operational scale in Scientific & Technical Instruments.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.00%Institutional holding
30.93%Public holding
5Periods available
0.00%Promoter pledged
3.55KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
16 Sept 2025Dividend₹1.50 / share—16 Sept 2025
02 May 2025Extra Ordinary General MeetingExtra Ordinary General Meeting—02 May 2025
17 Sept 2024Dividend₹1.50 / share—17 Sept 2024
—Annual General MeetingAnnual General Meeting—17 Sept 2024
—Annual General MeetingAnnual General Meeting—18 Sept 2023
—Annual General MeetingAnnual General Meeting—22 Sept 2022
—Annual General MeetingAnnual General Meeting—20 Sept 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)70.48%-12.35% latest vs average
Highest delivery96.80%on 06 Oct
Average volume (20D)1.0KTrading-session average
Conviction trendWeakening-12.35% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Nitiraj Engineers Limited
Nitiraj Engineers Limited

Incorporated in 1989, Nitiraj Engineers Ltd manufactures and sells Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc.[1]

IndiaTechnology

Questions investors ask
Is Nitiraj Engineers Limited Shariah compliant?

Nitiraj Engineers Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.01%) complies with AAOIFI threshold (≤ 33%).

What is Nitiraj Engineers Limited's current valuation relative to peers?

Nitiraj Engineers Limited trades at a P/E of 86.6x compared to the sector median of 23x, and a Price-to-Book of 2.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.03x. Interest coverage is -0.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.2% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.