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NSE:NITIRAJ

NITIRAJ ENGINEERS LTD

Capital Goods › Electrical Equipment
₹190.15
at close · 28 Oct 2026
▼ 7.84 (-3.96%)

Latest filings

  1. Routine SEBI Depository Compliance Certificate Filed · Compliance
  2. Nitiraj Engineers files scrutinizer report and voting results for 27th AGM · Board & Shareholder Meetings
  3. Nitiraj Engineers 27th AGM proceedings held on Sept 28, 2026 · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures non-automatic weighing instruments and scales under the PHOENIX brand from a facility at MIDC Awdhan, Dhule, Maharashtra. The product line includes models such as PAS-150 and the NEP-100 (100 kg capacity), built for Accuracy Class III use. Customers are both government departments and private buyers — recent orders include 58,237 PAS-150 units worth Rs 8.66 crore (including GST) from the Uttar Pradesh Government's Women Welfare Department for mother and child welfare use, and 9,925 NEP-100 units worth Rs 5.32 crore (including GST) from Linkwell Telesystems. The company also runs a Calibration Division that received Government Approved Test Centre (GATC) approval in May 2026 from the Ministry of Consumer Affairs, authorising in-house verification of Accuracy Class III instruments up to 150 kg at a capacity of 2,600 units per month, valid until May 2027; this capability is expected to cut annual external verification costs by about Rs 50 lakhs. FY26 revenue was Rs 46.41 crore. Materials form the largest cost line at 43.2% of revenue, followed by other operating expenses at 35.0% and employee costs at 15.7%.

Operating scale
GATC verification capacity
2,600 instruments per month (Accuracy Class III, up to 150 kg)Valid until May 2027
Order — UP Women Welfare Department
58,237 weighing scales (PHOENIX PAS-150), Rs 8.66 crore including GSTOrder dated March 2026
Order — Linkwell Telesystems
9,925 weighing scales (PHOENIX NEP-100, 100 kg), Rs 5.32 crore including GSTOrder dated March 2026
Manufacturing location
MIDC Awdhan, Dhule, Maharashtra
Expected annual savings from in-house GATC verification
Approximately Rs 50 lakhsFrom FY27
Who pays it
Government departments (e.g., state welfare departments) and private buyers needing non-automatic weighing instruments
Biggest cost
Materials at 43.2% of revenue (FY26)
Kind of business
Small-scale manufacturer of weighing instruments with an adjacent calibration/testing service line
Where it sits
NSE-listed maker of PHOENIX brand weighing scales with government-approved in-house verification capability in Dhule, Maharashtra
Market Cap
₹195 Cr
P / E (TTM)
—
EV / EBITDA
49.3×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
0.5%·
ROCE (FY23)
ROE -0.3% · margin 8.7%
Leverage
0.04·
Debt / Equity · low
Net debt ₹2.70 Cr
Moves on a normal day
1.38%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#24/49
ROCE#50/55
ROE#46/50
Debt / Equity#8/50
EBITDA margin#30/51
Revenue growth#36/46
Profit growth#15/45

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY23 — not investment advice

Strengths
Debt at 0.04× equity
lower than 86% of its 50 Other Electrical Equipment peers
Concerns
Returns on capital 0.5%
#50 of 55 in Other Electrical Equipment on the latest reported figures
Heavy working capital — 214 days of cash tied up

Charts

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NITIRAJ · price

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Peers

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Financials

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Ownership

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Common questions

Answered from NITIRAJ ENGINEERS LTD's filed financials and exchange disclosures

What does NITIRAJ ENGINEERS LTD do?

NITIRAJ ENGINEERS LTD is a Electrical Equipment company listed on NSE, trading under the symbol NITIRAJ.

Is NITIRAJ ENGINEERS LTD profitable?

No. Over the trailing twelve months NITIRAJ ENGINEERS LTD reported a net loss of ₹0.23 Cr on revenue of ₹46 Cr.

Does NITIRAJ ENGINEERS LTD pay a dividend?

Not in the latest reported year — NITIRAJ ENGINEERS LTD's dividend payout for FY23 was nil.

Is NITIRAJ ENGINEERS LTD debt-free?

No. It reported borrowings of ₹2.99 Cr on its 31 Mar 2023 balance sheet, or net debt of ₹2.70 Cr after cash. Debt stands at 0.04× equity. That is lower than 86% of its 50 Other Electrical Equipment peers.

How much does the NITIRAJ ENGINEERS LTD share price move in a day?

On a typical session NITIRAJ ENGINEERS LTD moves 1.38% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track NITIRAJ ENGINEERS LTD's announcements?

Every NSE and BSE filing by NITIRAJ ENGINEERS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.