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Consolidated Standalone

Nitiraj Engineers

₹219.8 0 | 0%

WEBSITE BSE:0 NSE : 17 May, 00:00

Market Cap ₹225 Cr.

Stock P/E 48.8

P/B 3.3

Current Price ₹219.8

Book Value ₹ 65.9

Face Value 10

52W High ₹239.1

Dividend Yield 0%

52W Low ₹ 72.1

Edit Ratio

Nitiraj Engineers Research see more...

Overview Inc. Year: 1999Industry: Engineering - Industrial Equipments

Nitiraj Engineers Limited is a company that manufactures and exports electronic weighing scales and systems, currency counting machines, and a range of security and automation products. The company was founded in 1989 and has its brand name of Phoenix, which is renowned in the electronic weighing industry in India. The company has a state-of-the-art in-house facility for continuous research, consistent production, and stringent quality control. The company believes in ‘Make in India’ and all its products are completely designed, developed, and manufactured in India. The company serves the domestic and international markets through its branch offices and dealers, and also has distributors in the Middle East and SAARC and African countries. The promoters of the company are Mr. Nitin Rajore and Mr. Rajesh Rajore, who jointly hold 69.07% of the share capital as of December 2023.

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Nitiraj Engineers Share Price

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Price

Quarterly Price

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Peer Comparison

Nitiraj Engineers Quarterly Results

#(Fig in Cr.) Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 19 15 5 9 12 14 7 16 11 11
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 20 15 5 9 12 14 8 16 12 12
Total Expenditure 15 14 5 8 11 14 7 15 10 10
Operating Profit 5 2 0 1 1 0 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 -3 0 0 -0 0
Profit Before Tax 4 1 -0 -0 0 -4 -0 -0 0 0
Provision for Tax 0 0 -0 0 0 -1 -0 0 -0 0
Profit After Tax 4 1 -0 -0 0 -3 -0 -0 0 0
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 0 -0
Profit After Adjustments 4 1 -0 -0 0 -3 -0 -0 0 -0
Adjusted Earnings Per Share 3.5 0.6 -0.4 -0.1 0.1 -3 -0.3 -0.3 0.3 -0

Nitiraj Engineers Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 53 39 54 48 53 40 46 45
Other Income 0 2 1 2 0 1 0 0
Total Income 54 41 55 50 54 40 47 48
Total Expenditure 46 35 45 44 45 38 43 42
Operating Profit 8 6 10 5 8 2 4 4
Interest 1 0 0 0 0 0 0 0
Depreciation 1 2 1 1 3 3 4 4
Exceptional Income / Expenses 0 0 0 0 0 -3 -0 0
Profit Before Tax 7 4 8 4 5 -5 -0 0
Provision for Tax 2 1 2 1 1 -1 0 0
Profit After Tax 5 3 6 3 4 -4 -0 0
Adjustments 0 -0 -0 -0 0 0 0 0
Profit After Adjustments 5 3 6 2 4 -4 -0 0
Adjusted Earnings Per Share 4.5 3 5.9 2.4 3.5 -3.4 -0.2 -0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% -1% 3% 0%
Operating Profit CAGR 100% -7% -8% 0%
PAT CAGR 0% -100% -100% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 195% 72% 39% NA%
ROE Average -0% -0% 3% 4%
ROCE Average 0% 1% 4% 6%

Nitiraj Engineers Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 58 61 67 69 71 68 68
Minority's Interest 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 1 -0 0
Total Current Liabilities 8 3 6 11 7 9 11
Total Liabilities 65 64 73 80 80 76 79
Fixed Assets 11 13 27 38 28 36 33
Other Non-Current Assets 29 32 11 11 17 8 10
Total Current Assets 25 20 35 31 34 32 36
Total Assets 65 64 73 80 80 76 79

Nitiraj Engineers Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 8 1 2 4 2 0
Cash Flow from Operating Activities -5 -3 16 10 2 1 1
Cash Flow from Investing Activities -3 -3 -16 -11 -4 -6 0
Cash Flow from Financing Activities 15 -0 -0 5 -0 3 -1
Net Cash Inflow / Outflow 7 -6 0 4 -3 -1 0
Closing Cash & Cash Equivalent 8 1 2 5 2 0 0

Nitiraj Engineers Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 4.49 2.97 5.87 2.35 3.45 -3.44 -0.22
CEPS(Rs) 5.37 4.7 7.15 3.91 6.47 -0.39 3.37
DPS(Rs) 0.3 0 0 0 0 0 0
Book NAV/Share(Rs) 56.21 59.3 65.17 67.52 69.54 66.04 65.93
Core EBITDA Margin(%) 11.72 9.56 15.56 7.44 15.07 4.46 7.63
EBIT Margin(%) 10.85 10.9 15.43 8.38 9.58 -10.32 0.6
Pre Tax Margin(%) 10.11 10.76 15.23 7.46 9.06 -11.56 -0.08
PAT Margin (%) 6.79 7.79 10.9 5.34 6.57 -8.81 -0.5
Cash Profit Margin (%) 8.11 12.22 13.16 8.28 12.32 -0.99 7.44
ROA(%) 7.06 4.76 8.87 3.38 4.42 -4.52 -0.3
ROE(%) 7.99 5.19 9.51 3.8 5.04 -5.08 -0.34
ROCE(%) 12.77 7.26 13.47 5.74 7.07 -5.79 0.39
Receivable days 29.19 44.47 64.17 94.67 62.89 77.88 58.1
Inventory Days 61.53 110.06 97.75 119.51 94.63 132.91 151.81
Payable days 24.8 26.38 24.86 33.92 29.94 27.75 26.45
PER(x) 14.79 17.75 6.27 23.57 13.85 0 0
Price/Book(x) 1.18 0.89 0.56 0.82 0.69 1.1 1.07
Dividend Yield(%) 0.36 0 0 0 0 0 0
EV/Net Sales(x) 1.13 1.36 0.67 1.19 0.88 1.96 1.62
EV/Core EBITDA(x) 7.33 8.71 3.67 10.4 5.64 32.79 18.65
Net Sales Growth(%) 0 -27.41 38.77 -11.14 11.52 -25.79 16.29
EBIT Growth(%) 0 -41.61 99.92 -52.79 27.15 -180.07 106.77
PAT Growth(%) 0 -33.21 97.4 -57.39 36.78 -199.72 93.49
EPS Growth(%) 0 -33.87 97.65 -59.92 46.71 -199.72 93.48
Debt/Equity(x) 0 0 0 0.08 0 0.05 0.04
Current Ratio(x) 3.32 6.7 6.06 2.95 4.96 3.7 3.16
Quick Ratio(x) 1.81 2.57 3.05 1.62 2.97 1.93 1.11
Interest Cover(x) 14.52 79.43 77.85 9.08 18.24 -8.34 0.88
Total Debt/Mcap(x) 0 0 0 0.09 0 0.05 0.04

Nitiraj Engineers Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.07 69.07 69.07 69.07 69.07 69.07 69.07 69.07 69.07 69.07
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 30.93 30.93 30.93 30.93 30.93 30.93 30.93 30.93 30.93 30.93
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 27.75 to 26.45days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -0% over the last 3 years.
  • Stock is trading at 3.3 times its book value.
  • The company has delivered a poor profit growth of -100% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Nitiraj Engineers News

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