Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹47 Cr.
Stock P/E
57.9
P/B
9
Current Price
₹130
Book Value
₹ 14.4
Face Value
10
52W High
₹131
52W Low
₹ 79
Dividend Yield
0%

Nirmitee Robotics Overview

Business

Nirmitee Robotics India Ltd. is an industrial automation and robotics company based in India. It specializes in providing integrated robotic and automation solutions to various industries. The company's core business model involves designing, developing, and implementing custom automation solutions, robotic systems, and AI/IoT integration for industrial applications. It makes money by charging for project-based services, including system integration, installation, commissioning, and related technical consulting. Its solutions typically aim to enhance efficiency, quality, and safety in manufacturing processes for its B2B clients.

Revenue Mix

While specific revenue percentages for segments are not publicly detailed, Nirmitee Robotics primarily operates in the professional services segment of industrial automation. Its offerings include:

Robotic System Integration: Providing solutions for applications like arc welding, material handling, painting, assembly, dispensing, inspection, and machine tending.

Custom Automation Solutions: Developing bespoke automation systems tailored to specific client needs.

AI & IoT Integration: Incorporating advanced technologies for intelligent automation and data-driven operations.

Consulting & Technical Services: Offering expertise and support for automation projects.

The revenue is largely derived from the successful execution and delivery of these projects across industries such as automotive, manufacturing, defence, and energy.

Industry

The company operates within the industrial automation and robotics industry in India, which is part of the broader Professional Services sector. This industry is characterized by significant demand for efficiency, precision, and cost reduction in manufacturing. Nirmitee Robotics positions itself as a system integrator and solution provider, catering to the increasing need for Industry 4.0 adoption. It competes with other domestic and international system integrators, specialized automation solution providers, and sometimes with larger industrial conglomerates that offer similar services. As an SME, it likely focuses on niche applications or specific regional markets, leveraging specialized expertise to differentiate itself.

MOAT

Nirmitee Robotics' competitive advantages are likely derived from:

Specialized Expertise: Deep knowledge and technical proficiency in designing and implementing complex robotic and automation solutions.

Customization Capabilities: Ability to provide tailored solutions rather than off-the-shelf products, building strong client relationships through bespoke service.

Client Relationships & Project Track Record: Successful project execution can build trust and repeat business, especially in a professional services context.

Niche Focus: Potentially specializing in specific robotic applications or industries where it has built significant experience.

Given its size, a strong brand or massive scale economies are less likely moats, but its technical know-how and ability to integrate various technologies effectively are key.

Growth Drivers

Increasing Automation Adoption: Growing imperative for Indian industries to automate processes for higher efficiency, quality, and cost savings to compete globally.

"Make in India" Initiative: Government focus on boosting domestic manufacturing, which often translates to higher demand for industrial automation.

Industry 4.0 & Digital Transformation: Rising demand for smart factories, IoT, and AI integration in manufacturing.

Labor Cost Pressures: Companies seeking automation to counter rising labor costs and shortages of skilled manual labor.

Expansion into New Industries/Applications: Diversifying client base beyond traditional manufacturing sectors.

Risks

Project-Based Revenue Volatility: Dependence on securing and executing new projects can lead to inconsistent revenue streams.

Technological Obsolescence: Rapid advancements in robotics and automation require continuous investment in R&D and skill upgrades.

Intense Competition: Facing competition from larger, more established domestic and international players, as well as smaller specialized integrators.

Skilled Talent Shortage: Difficulty in attracting and retaining highly skilled engineers and technicians for complex projects.

Client CAPEX Cycles: Demand for automation solutions can be cyclical, tied to the capital expenditure cycles of client industries.

Execution Risk: Delays or cost overruns in complex automation projects can impact profitability and client relationships.

Management & Ownership

Nirmitee Robotics India Ltd. is promoted by individuals like Mr. Rajkumar Kotkar and Mr. Jay Kotkar, who likely have a significant ownership stake and play a crucial role in the company's strategic direction and operations. As an SME, it is typically promoter-driven, meaning the vision and execution are heavily influenced by the founding family or key individuals. The quality of management would depend on their experience, vision for growth, and ability to navigate technological changes and competitive pressures.

Outlook

Nirmitee Robotics operates in a high-growth sector propelled by India's industrialization and the global shift towards automation. The increasing adoption of Industry 4.0 technologies and the push for manufacturing efficiency provide a strong tailwind for the company's specialized services. Its ability to offer custom, integrated solutions in robotics and automation positions it to capitalize on this demand. However, as an SME in a competitive and technologically evolving field, the company faces risks related to project execution, attracting skilled talent, and maintaining its competitive edge against larger players. Its future performance will largely depend on its capacity to scale operations, innovate its offerings, and consistently deliver high-quality solutions while managing project complexities and market fluctuations.

Nirmitee Robotics Share Price

Live · BSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Nirmitee Robotics Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Nirmitee Robotics Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4 5 6 9
Other Income 0 0 0 0
Total Income 4 5 6 9
Total Expenditure 4 4 6 8
Operating Profit 1 1 -0 1
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 1 -1 1
Provision for Tax 0 0 0 0
Profit After Tax 0 1 -1 1
Adjustments 0 0 0 0
Profit After Adjustments 0 1 -1 1
Adjusted Earnings Per Share 0.9 1.7 -2.7 1.7

Nirmitee Robotics Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 5 4 5
Minority's Interest 0 0 0 0
Borrowings 0 1 1 1
Other Non-Current Liabilities 0 -0 -0 -0
Total Current Liabilities 1 2 2 2
Total Liabilities 5 8 8 8
Fixed Assets 0 1 0 1
Other Non-Current Assets 1 2 2 2
Total Current Assets 3 5 5 5
Total Assets 5 8 8 8

Nirmitee Robotics Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0 0
Cash Flow from Operating Activities 0 -1 2 2
Cash Flow from Investing Activities -0 -1 -2 0
Cash Flow from Financing Activities -0 1 0 -1
Net Cash Inflow / Outflow 0 -0 -0 1
Closing Cash & Cash Equivalent 1 0 0 1

Nirmitee Robotics Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.91 1.75 -2.69 1.67
CEPS(Rs) 1.06 1.96 -2.22 2.14
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 12.63 11.46 11.47 14.41
Core EBITDA Margin(%) 12.1 17.46 -7.51 12.98
EBIT Margin(%) 11.03 16.37 -9.85 11.64
Pre Tax Margin(%) 10.34 14.93 -13.64 8.9
PAT Margin (%) 7.85 11.71 -16.11 6.75
Cash Profit Margin (%) 9.21 13.14 -13.26 8.65
ROA(%) 6.41 9.44 -12.04 7.83
ROE(%) 7.18 14.53 -23.47 12.92
ROCE(%) 10.12 17.67 -9.47 14.86
Receivable days 165.4 180.42 182.75 117.96
Inventory Days 16.07 10.21 22.01 15.76
Payable days -234.18 124.86 284.94 33.95
PER(x) 129.24 59.43 0 54.72
Price/Book(x) 9.28 9.07 13.32 6.35
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 9.98 7.11 9.57 3.72
EV/Core EBITDA(x) 80.49 39.94 -136.72 27.45
Net Sales Growth(%) 0 29.2 11.84 48.37
EBIT Growth(%) 0 91.67 -167.29 275.42
PAT Growth(%) 0 92.81 -253.86 162.13
EPS Growth(%) 0 92.81 -253.86 162.13
Debt/Equity(x) -0 0.31 0.71 0.33
Current Ratio(x) 6.44 2.38 2.15 2.81
Quick Ratio(x) 6.1 2.33 1.89 2.73
Interest Cover(x) 15.99 11.43 -2.6 4.25
Total Debt/Mcap(x) -0 0.03 0.05 0.05

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +50% +31% — —
Operating Profit CAGR — 0% — —
PAT CAGR — — — —
Share Price CAGR +31% -2% +12% —
ROE Average +13% +1% +3% +3%
ROCE Average +15% +8% +8% +8%

Nirmitee Robotics Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 70.81 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 29.19 %
# Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 70.8170.8170.8170.8170.8170.8170.8170.8170.8170.81
FII 0000000000
DII 0000000000
Public 29.1929.1929.1929.1929.1929.1929.1929.1929.1929.19
Others 0000000000
Total 100100100100100100100100100100

Nirmitee Robotics Peer Comparison

Professional Services Edit Columns

Nirmitee Robotics Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Nirmitee Robotics Pros & Cons

Pros

  • Debtor days have improved from 284.94 to 33.95days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Stock is trading at 9 times its book value.
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