Nitiraj Engineers Ltd

Nitiraj Engineer Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitiraj Engineers Ltd

₹ 213 -2.48%
21 Nov - close price
nitiraj.net NSE: NITIRAJ
About

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

Key Points

Business Overview:[1][2][3]
Company is a manufacturer of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters under the brand name Phoenix. Company supplies machines to various state governments under Child Growth Monitoring Systems (CGMS) program. These machines have advanced technology support in form of data collection, plotting, MIS and dissemination.
It has a sales and service network of 13 Branch offices, 430 Dealers distributors in Middle East and SAARC Countries. Company's associate entity is engaged into software development, software solutions, IT consulting services and IT enabled services etc.

Website NSE
  • Market Cap ₹ 219 Cr.
  • Current Price ₹ 213
  • High / Low ₹ 303 / 108
  • Stock P/E 27.6
  • Book Value ₹ 74.6
  • Dividend Yield 0.70 %
  • ROCE 21.0 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 180 days to 90.6 days

Cons

  • Stock is trading at 2.86 times its book value
  • Company has a low return on equity of 5.48% over last 3 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.

Peer comparison

Sector: Electronics Industry: Electronics - Components

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8.78 12.27 13.59 7.50 15.85 11.36 11.37 11.71 15.91 20.25 52.58 4.27 12.56
8.07 11.30 13.82 6.86 14.98 10.28 10.40 9.91 13.15 16.68 42.32 5.89 11.86
Operating Profit 0.71 0.97 -0.23 0.64 0.87 1.08 0.97 1.80 2.76 3.57 10.26 -1.62 0.70
OPM % 8.09% 7.91% -1.69% 8.53% 5.49% 9.51% 8.53% 15.37% 17.35% 17.63% 19.51% -37.94% 5.57%
0.18 0.06 -2.90 0.03 0.08 0.00 0.17 0.23 0.09 0.17 0.50 0.26 0.21
Interest 0.14 0.13 0.15 0.14 0.07 0.08 0.04 0.05 0.00 0.01 0.02 0.03 0.01
Depreciation 0.75 0.78 0.88 0.89 0.91 0.92 0.96 0.81 0.85 0.87 0.83 0.81 0.86
Profit before tax 0.00 0.12 -4.16 -0.36 -0.03 0.08 0.14 1.17 2.00 2.86 9.91 -2.20 0.04
Tax % 33.33% -28.12% -27.78% 633.33% -250.00% 214.29% 24.79% 20.00% 25.17% 25.13% -25.00% 50.00%
-0.05 0.09 -3.00 -0.26 -0.22 0.28 -0.17 0.87 1.61 2.14 7.42 -1.65 0.02
EPS in Rs -0.05 0.09 -2.93 -0.25 -0.21 0.27 -0.17 0.85 1.57 2.09 7.24 -1.61 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
28.59 41.02 43.51 61.06 58.84 38.80 53.88 47.86 53.40 39.63 46.08 100.44 89.66
26.18 35.33 37.36 52.48 50.89 35.02 45.17 44.26 45.29 37.83 42.54 82.05 76.75
Operating Profit 2.41 5.69 6.15 8.58 7.95 3.78 8.71 3.60 8.11 1.80 3.54 18.39 12.91
OPM % 8.43% 13.87% 14.13% 14.05% 13.51% 9.74% 16.17% 7.52% 15.19% 4.54% 7.68% 18.31% 14.40%
0.09 0.16 0.36 0.15 0.31 2.26 1.14 1.88 0.23 -2.62 0.28 1.00 1.14
Interest 0.33 0.05 0.30 0.74 0.51 0.05 0.11 0.45 0.28 0.50 0.32 0.09 0.07
Depreciation 0.54 0.57 0.67 0.95 0.90 1.75 1.26 1.42 3.09 3.13 3.68 3.36 3.37
Profit before tax 1.63 5.23 5.54 7.04 6.85 4.24 8.48 3.61 4.97 -4.45 -0.18 15.94 10.61
Tax % 25.77% 25.62% 24.55% 23.86% 32.85% 27.59% 28.54% 28.25% 26.76% -24.72% 105.56% 24.47%
1.21 3.89 4.18 5.36 4.60 3.07 6.07 2.59 3.63 -3.36 -0.37 12.04 7.93
EPS in Rs 9.31 29.92 32.15 7.15 4.47 2.98 5.89 2.53 3.54 -3.28 -0.36 11.75 7.74
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 3.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.77%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 23%
TTM: 78%
Compounded Profit Growth
10 Years: 12%
5 Years: 16%
3 Years: 48%
TTM: 185%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 66%
1 Year: 83%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 5%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.00 1.00 1.00 6.00 8.20 8.20 8.20 10.25 10.25 10.25 10.25 10.25 10.25
Reserves 18.98 22.87 27.06 25.63 49.42 52.61 58.68 59.22 61.39 57.97 57.33 69.41 66.27
1.22 0.25 2.02 7.19 0.00 0.00 0.00 5.35 0.62 3.97 3.20 0.23 0.17
6.10 8.58 6.98 6.33 7.55 3.28 5.99 3.89 7.25 5.56 9.04 10.63 10.33
Total Liabilities 27.30 32.70 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 87.02
10.84 11.62 12.20 8.73 10.80 12.50 26.80 33.45 28.10 36.31 33.60 32.58 35.87
CWIP 0.10 0.00 0.50 0.00 0.00 0.00 0.00 4.08 11.15 1.60 1.60 1.60 1.95
Investments 0.01 0.01 0.01 1.01 22.01 24.69 2.01 2.01 2.39 2.46 1.49 12.30 1.88
16.35 21.07 24.35 35.41 32.36 26.90 44.06 39.17 37.87 37.38 43.13 44.04 47.32
Total Assets 27.30 32.70 37.06 45.15 65.17 64.09 72.87 78.71 79.51 77.75 79.82 90.52 87.02

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.61 5.69 -2.94 -4.29 -4.96 -2.80 15.86 9.90 1.54 1.45 0.71 17.87
-0.45 -1.25 -1.76 -0.80 -2.97 -3.33 -15.61 -10.90 -4.01 -5.69 0.50 -12.84
-2.16 -1.02 1.48 5.17 14.82 0.00 -0.06 4.62 -0.46 2.96 -1.19 -3.20
Net Cash Flow 0.01 3.42 -3.21 0.07 6.90 -6.14 0.19 3.62 -2.93 -1.28 0.02 1.84

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 84.00 61.57 52.09 62.23 33.62 39.42 104.19 74.13 60.35 75.98 51.64 46.48
Inventory Days 158.36 116.02 217.39 264.20 158.45 223.01 239.67 198.70 175.08 260.16 340.96 112.77
Days Payable 43.10 49.62 26.50 84.29 104.66 53.95 79.62 48.31 29.56 16.66 38.34 16.49
Cash Conversion Cycle 199.27 127.97 242.98 242.13 87.41 208.47 264.25 224.51 205.87 319.49 354.26 142.76
Working Capital Days 114.64 64.78 129.19 143.53 61.97 147.03 188.12 159.70 172.18 241.86 207.13 90.63
ROCE % 9.11% 23.30% 21.55% 22.58% 15.26% 7.26% 12.77% 4.43% 7.14% -1.23% 0.45% 21.00%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07% 69.07%
30.93% 30.93% 30.94% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93% 30.93%
No. of Shareholders 1,2611,3551,6151,5481,5421,6411,6471,4301,7871,9612,0622,843

Documents

Announcements

Annual reports

DRHP

Concalls