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
  • Book Value ₹ 65.9
  • Dividend Yield 0.70 %
  • ROCE 0.38 %
  • ROE -0.35 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.23 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.16% over past five years.
  • Company has a low return on equity of 1.36% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
26.00 21.87 7.07 11.64 15.19 4.99 8.78 12.27 13.59 7.50 15.85 11.36 11.37
23.75 20.52 6.77 10.07 13.57 4.68 8.11 11.31 13.93 6.90 15.04 10.28 10.42
Operating Profit 2.25 1.35 0.30 1.57 1.62 0.31 0.67 0.96 -0.34 0.60 0.81 1.08 0.95
OPM % 8.65% 6.17% 4.24% 13.49% 10.66% 6.21% 7.63% 7.82% -2.50% 8.00% 5.11% 9.51% 8.36%
0.05 1.83 0.08 0.05 0.14 0.06 0.18 0.06 -2.90 0.03 0.08 0.07 0.36
Interest 0.18 0.27 0.15 0.04 0.04 0.08 0.14 0.13 0.15 0.14 0.07 0.08 0.04
Depreciation 0.56 0.86 0.75 0.77 0.79 0.72 0.75 0.78 0.88 0.89 0.91 0.92 0.96
Profit before tax 1.56 2.05 -0.52 0.81 0.93 -0.43 -0.04 0.11 -4.27 -0.40 -0.09 0.15 0.31
Tax % 25.00% 31.22% 0.00% 14.81% 30.11% -2.33% 125.00% 36.36% -27.40% -25.00% 211.11% -133.33% 96.77%
1.14 1.27 -0.52 0.69 0.66 -0.41 -0.09 0.08 -3.11 -0.30 -0.28 0.36 0.00
EPS in Rs 1.11 1.24 -0.51 0.67 0.64 -0.40 -0.09 0.08 -3.03 -0.29 -0.27 0.35 0.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
61.06 67.81 39.44 53.88 47.86 53.40 39.63 46.08
52.48 59.86 35.69 45.22 44.43 45.38 38.00 42.59
Operating Profit 8.58 7.95 3.75 8.66 3.43 8.02 1.63 3.49
OPM % 14.05% 11.72% 9.51% 16.07% 7.17% 15.02% 4.11% 7.57%
0.15 0.31 2.26 1.14 1.88 0.23 -2.62 0.47
Interest 0.74 0.51 0.05 0.11 0.45 0.28 0.50 0.32
Depreciation 0.95 0.90 1.75 1.26 1.42 3.09 3.13 3.68
Profit before tax 7.04 6.85 4.21 8.43 3.44 4.88 -4.62 -0.04
Tax % 23.86% 32.85% 27.79% 28.71% 29.65% 27.25% -23.81% 475.00%
5.36 4.60 3.04 6.02 2.41 3.54 -3.53 -0.23
EPS in Rs 7.15 4.47 2.95 5.84 2.35 3.45 -3.44 -0.22
Dividend Payout % 0.00% 3.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: -1%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 66%
1 Year: 80%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 1%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 6.00 8.20 8.20 8.20 10.25 10.25 10.25 10.25
Reserves 25.63 49.42 52.58 58.60 58.96 61.04 57.45 57.33
7.19 0.00 0.00 0.00 5.35 0.62 3.97 3.20
6.33 7.55 3.28 5.99 3.89 7.25 5.56 9.04
Total Liabilities 45.15 65.17 64.06 72.79 78.45 79.16 77.23 79.82
8.73 10.80 12.50 26.80 37.53 28.10 36.31 33.60
CWIP 0.00 0.00 0.00 0.00 0.00 11.15 1.60 1.60
Investments 1.01 22.01 24.66 1.93 1.75 2.04 1.94 1.49
35.41 32.36 26.90 44.06 39.17 37.87 37.38 43.13
Total Assets 45.15 65.17 64.06 72.79 78.45 79.16 77.23 79.82

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4.29 -4.96 -2.84 15.86 9.90 1.54 1.45 0.71
-0.80 -2.97 -3.33 -15.61 -10.90 -4.01 -5.69 0.50
5.17 14.82 0.00 -0.06 4.62 -0.46 2.96 -1.19
Net Cash Flow 0.07 6.90 -6.17 0.19 3.62 -2.93 -1.28 0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62.23 29.17 38.78 104.19 74.13 60.35 75.98 51.64
Inventory Days 264.20 158.45 223.01 239.67 198.70 175.08 260.16 340.96
Days Payable 84.29 104.66 53.95 79.62 48.31 29.56 16.66 38.34
Cash Conversion Cycle 242.13 82.96 207.83 264.25 224.51 205.87 319.49 354.26
Working Capital Days 143.53 53.77 144.65 188.12 159.70 172.18 241.86 207.13
ROCE % 15.26% 4.86% 12.70% 4.20% 7.05% -1.48% 0.38%

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