Nitiraj Engineers Ltd
Incorporated in 1989, Nitiraj Engineers Ltd manufactures and sells Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc.[1]
- Market Cap ₹ 269 Cr.
- Current Price ₹ 263
- High / Low ₹ 263 / 81.3
- Stock P/E 22.4
- Book Value ₹ 77.7
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 16.4 %
- Face Value ₹ 10.0
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 194 days to 132 days
Cons
- Stock is trading at 3.38 times its book value
- Company has a low return on equity of 5.55% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
29 | 41 | 44 | 61 | 59 | 39 | 54 | 48 | 53 | 40 | 46 | 100 | |
26 | 35 | 37 | 52 | 51 | 35 | 45 | 44 | 45 | 38 | 43 | 82 | |
Operating Profit | 2 | 6 | 6 | 9 | 8 | 4 | 9 | 4 | 8 | 2 | 4 | 18 |
OPM % | 8% | 14% | 14% | 14% | 14% | 10% | 16% | 8% | 15% | 5% | 8% | 18% |
0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 0 | -3 | 0 | 1 | |
Interest | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 3 | 3 | 4 | 3 |
Profit before tax | 2 | 5 | 6 | 7 | 7 | 4 | 8 | 4 | 5 | -4 | -0 | 16 |
Tax % | 26% | 26% | 25% | 24% | 33% | 28% | 29% | 28% | 27% | 25% | -106% | 24% |
1 | 4 | 4 | 5 | 5 | 3 | 6 | 3 | 4 | -3 | -0 | 12 | |
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 |
Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 23% |
TTM: | 118% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 16% |
3 Years: | 49% |
TTM: | % |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 73% |
1 Year: | 211% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 6% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 6 | 8 | 8 | 8 | 10 | 10 | 10 | 10 | 10 |
Reserves | 19 | 23 | 27 | 26 | 49 | 53 | 59 | 59 | 61 | 58 | 57 | 69 |
1 | 0 | 2 | 7 | 0 | 0 | 0 | 5 | 1 | 4 | 3 | 0 | |
6 | 9 | 7 | 6 | 8 | 3 | 6 | 4 | 7 | 6 | 9 | 11 | |
Total Liabilities | 27 | 33 | 37 | 45 | 65 | 64 | 73 | 79 | 80 | 78 | 80 | 91 |
11 | 12 | 12 | 9 | 11 | 12 | 27 | 33 | 28 | 36 | 34 | 34 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 11 | 2 | 2 | 0 |
Investments | 0 | 0 | 0 | 1 | 22 | 25 | 2 | 2 | 2 | 2 | 1 | 12 |
16 | 21 | 24 | 35 | 32 | 27 | 44 | 39 | 38 | 37 | 43 | 44 | |
Total Assets | 27 | 33 | 37 | 45 | 65 | 64 | 73 | 79 | 80 | 78 | 80 | 91 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 6 | -3 | -4 | -5 | -3 | 16 | 10 | 2 | 1 | 1 | 18 | |
-0 | -1 | -2 | -1 | -3 | -3 | -16 | -11 | -4 | -6 | 0 | -13 | |
-2 | -1 | 1 | 5 | 15 | 0 | -0 | 5 | -0 | 3 | -1 | -3 | |
Net Cash Flow | 0 | 3 | -3 | 0 | 7 | -6 | 0 | 4 | -3 | -1 | 0 | 2 |
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 | 62 | 52 | 62 | 34 | 39 | 104 | 74 | 60 | 76 | 52 | 46 |
Inventory Days | 158 | 116 | 217 | 264 | 158 | 223 | 240 | 199 | 175 | 260 | 341 | 113 |
Days Payable | 43 | 50 | 26 | 84 | 105 | 54 | 80 | 48 | 30 | 17 | 38 | 16 |
Cash Conversion Cycle | 199 | 128 | 243 | 242 | 87 | 208 | 264 | 225 | 206 | 319 | 354 | 143 |
Working Capital Days | 115 | 65 | 129 | 144 | 62 | 147 | 188 | 160 | 172 | 242 | 207 | 132 |
ROCE % | 9% | 23% | 22% | 23% | 15% | 7% | 13% | 4% | 7% | -1% | 0% |
Documents
Announcements
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Trading Window-XBRL
30 June 2024 - NITIRAJ ENGINEERS LIMITED has informed about Closure of Trading Window
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Trading Window
30 June 2024 - Nitiraj Engineers Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
18 June 2024 - NITIRAJ ENGINEERS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
18 June 2024 - Nitiraj Engineers Limited has informed regarding Board meeting held on Jun 18, 2024.
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Outcome of Board Meeting
18 June 2024 - Nitiraj Engineers Limited has informed regarding Outcome of Board Meeting held on Jun 18, 2024.
Annual reports
Concalls
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May 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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May 2022Transcript PPT
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Nov 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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.