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Niraj Ispat Inds. Overview

Niraj Ispat Industries Ltd is an Indian public limited company incorporated in 1985 and headquartered in the Delhi–NCR region. Despite the name suggesting a steel-oriented business, the company primarily operates in the garment accessories manufacturing segment, with a core focus on the production of polyester buttons. Its product range includes buttons of various sizes, colors, designs, and hole patterns, which are widely used in garments such as shirts, dresses, sweaters, and other apparel products. Over time, the company has also been asso...Read More

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Niraj Ispat Inds. Key Financials

Market Cap ₹13 Cr.

Stock P/E 9.5

P/B 0.8

Current Price ₹211.2

Book Value ₹ 259

Face Value 10

52W High ₹612.5

Dividend Yield 0%

52W Low ₹ 155

Niraj Ispat Inds. Share Price

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Volume
Price

Niraj Ispat Inds. Quarterly Price

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Niraj Ispat Inds. Peer Comparison

Niraj Ispat Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1 1 1 1 1 1 1 1 1 1
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 1 1 1 1 1 1 1 1 1 1
Total Expenditure 1 1 1 1 1 1 1 1 1 1
Operating Profit 0 0 0 0 1 0 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 1 1 1 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 0 0 0 0 0 0
Adjustments 0 -0 0 -0 -0 -0 0 -0 0 -0
Profit After Adjustments 0 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 3.9 3.6 2.7 4.6 5.9 6.8 5 6.7 7.2 6.7

Niraj Ispat Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 7 7 7 7 6 5 4 5 6 3 4 4
Other Income 0 1 1 1 0 1 0 0 1 1 1 0
Total Income 7 7 8 7 6 6 4 5 6 4 5 4
Total Expenditure 5 5 6 5 5 4 3 4 4 3 3 4
Operating Profit 2 2 2 2 1 1 1 1 2 1 2 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -0 -0 -0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 1 1 0 1 2 1 2 4
Provision for Tax 0 0 0 0 0 0 0 0 1 0 0 0
Profit After Tax 1 1 1 1 1 1 0 1 2 1 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 1 1 1 0 1 2 1 1 0
Adjusted Earnings Per Share 12.1 16.1 15.2 16 10.9 8.7 5.8 12.5 27.8 13.5 22.3 25.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 33% -7% -4% -5%
Operating Profit CAGR 100% 26% 15% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -21% NA% NA% NA%
ROE Average 10% 10% 8% 10%
ROCE Average 11% 12% 10% 10%

Niraj Ispat Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 6 7 8 9 9 10 10 12 13 14
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 7 6 6 6 3 3 1 1 1 4
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 3 3 3 2 1 1 1 2 1 1 2
Total Liabilities 13 16 16 16 16 14 14 14 15 15 20
Fixed Assets 2 3 3 3 2 2 2 2 1 1 1
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 11 13 13 14 14 12 12 12 13 14 19
Total Assets 13 16 16 16 16 14 14 14 15 15 20

Niraj Ispat Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -0 1 -1 0 2 0 1 -1 -1 -4
Cash Flow from Investing Activities -0 -0 -0 0 0 1 0 0 1 1 1
Cash Flow from Financing Activities 1 1 -1 0 -0 -3 -0 -2 -0 0 3
Net Cash Inflow / Outflow 0 -0 -0 0 0 -0 0 -0 -0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Niraj Ispat Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 12.05 16.05 15.21 15.99 10.92 8.71 5.78 12.55 27.8 13.5 22.26
CEPS(Rs) 17.3 20.13 20.15 21.17 15.98 13.78 10.54 15.37 30.6 16.29 25.07
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 86.33 102.38 117.59 136.9 147.82 156.54 162.32 174.86 202.66 216.16 238.43
Core EBITDA Margin(%) 18.74 20.13 21.54 18.46 15.47 12.41 8.65 15.95 30.59 14.05 24.19
EBIT Margin(%) 19.9 24.06 24.41 23.1 18.49 18.23 14.25 21.93 40.22 34.11 48.26
Pre Tax Margin(%) 15.03 19.66 19.41 19.4 14.22 15.44 12.78 20.68 40 33.78 48
PAT Margin (%) 10.51 13.84 12.69 14.62 11 10.46 9.73 15.44 29.95 24.84 35.94
Cash Profit Margin (%) 15.08 17.34 16.81 19.36 16.1 16.54 17.75 18.92 32.97 29.96 40.48
ROA(%) 6.11 6.73 5.82 5.96 4 3.44 2.45 5.33 11.53 5.35 7.52
ROE(%) 14.96 17.02 13.83 12.56 7.67 5.73 3.63 7.44 14.73 6.45 9.79
ROCE(%) 13.16 13.68 13.32 10.89 7.37 6.5 3.96 8.66 17.63 7.96 10.78
Receivable days 34.8 47.6 42.48 38.71 55.05 58.03 65.91 56.52 51.69 63.45 47.93
Inventory Days 26.68 18.5 22.04 17.14 10.45 12.43 24.63 18.42 15.56 28.52 27.32
Payable days 84.54 156.48 161.01 127.07 83.38 84.51 141.7 155.59 170.01 182.35 161.45
PER(x) 0 0 0 0 0 0 0 0 0 14.17 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0.89 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.93 1.07 0.94 1.07 1.13 0.79 0.99 0.39 0.35 3.96 1.38
EV/Core EBITDA(x) 3.7 3.75 3.2 3.81 4.81 3.27 4.43 1.54 0.82 10.09 2.62
Net Sales Growth(%) 16.95 1.26 3.34 -7.62 -8.6 -16.12 -28.66 36.72 14.28 -41.43 13.91
EBIT Growth(%) 63.07 22.33 4.77 -13.67 -27.31 -17.29 -44.26 110.42 109.62 -50.34 61.19
PAT Growth(%) 119.26 33.23 -5.28 5.12 -31.66 -20.25 -33.66 117.04 121.6 -51.43 64.86
EPS Growth(%) 119.26 33.23 -5.28 5.12 -31.66 -20.25 -33.66 117.04 121.6 -51.43 64.86
Debt/Equity(x) 1.17 1.15 0.86 0.79 0.71 0.37 0.32 0.13 0.11 0.11 0.32
Current Ratio(x) 4.21 5.08 4.8 9.03 15.29 11.44 10.2 6 10.63 14.09 12.35
Quick Ratio(x) 4.13 4.89 4.66 8.87 15.18 11.21 9.99 5.88 10.44 13.8 12.17
Interest Cover(x) 4.08 5.46 4.88 6.25 4.33 6.53 9.69 17.58 179.22 105.59 183.08
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.13 0

Niraj Ispat Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.58 74.58 74.58 74.43 74.43 74.42 74.42 74.44 74.44 74.44
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 25.42 25.42 25.42 25.57 25.57 25.58 25.58 25.56 25.56 25.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Niraj Ispat Inds. News

Niraj Ispat Inds. Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 182.35 to 161.45days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
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