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Nitiraj Engineers Ltd.
(NITIRAJ)
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Rating:47Neutral
Price Target:
₹182.00
▼(-0.06% Downside)
Action:Reiterated
Date:06/11/26
The score is held down primarily by weakening financial performance—especially the FY2026 cash flow reversal and sharp revenue decline—despite a strong, low-debt balance sheet. Technical indicators also point to a bearish trend, and valuation is unfavorable due to an extremely high P/E with only a modest dividend yield.
Positive Factors
Strong balance sheet
Near-zero leverage across FY2024–FY2026 gives the company durable financial flexibility and low solvency risk. A large equity base versus assets lets management absorb shocks, fund working-capital needs or selective investment without immediate external financing, supporting resilience over months.
Negative Factors
Cash flow reversal
A swing to materially negative operating and free cash flow signals working-capital stress or heavy investment amid falling sales. This erodes liquidity, forces drawdown of the strong balance sheet if persisting, and could constrain capex, dealer support, or require costly external funding within the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Near-zero leverage across FY2024–FY2026 gives the company durable financial flexibility and low solvency risk. A large equity base versus assets lets management absorb shocks, fund working-capital needs or selective investment without immediate external financing, supporting resilience over months.
Read all positive factors
Nitiraj Engineers Ltd. (NITIRAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.98B
Dividend Yield0.78%
Average Volume (3M)13.27K
Price to Earnings (P/E)199.9
Beta (1Y)0.54
Revenue Growth-39.35%
EPS Growth-78.01%
CountryIN
Employees267
SectorGeneral
Sector StrengthN/A
IndustryConsumer Electronics
Share Statistics
EPS (TTM)1.03
Shares Outstanding10,251,000
10 Day Avg. Volume2,497
30 Day Avg. Volume13,270
Financial Highlights & Ratios
PEG Ratio-2.50
Price to Book (P/B)2.51
Price to Sales (P/S)4.46
P/FCF Ratio-23.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nitiraj Engineers Ltd. Business Overview & Revenue Model
Company Description
Nitiraj Engineers Limited manufactures and sells various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighin...
How the Company Makes Money
The company primarily makes money by selling manufactured weighing and measurement products (such as electronic weighing scales and weighing systems) to business and retail customers through its sales and distribution channels. Revenue is recogniz...
Nitiraj Engineers Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
84
Very Positive
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 464.11M | 765.17M | 1.00B | 460.80M | 396.26M |
| Gross Profit | 162.25M | 293.20M | 422.03M | 213.36M | 143.45M |
| EBITDA | 50.19M | 103.38M | 193.86M | 37.00M | -8.27M |
| Net Income | 10.61M | 48.31M | 120.36M | -3.71M | -35.27M |
Balance Sheet | |||||
| Total Assets | 931.63M | 930.04M | 905.18M | 798.25M | 772.26M |
| Cash, Cash Equivalents and Short-Term Investments | 113.83M | 208.46M | 134.57M | 8.07M | 17.11M |
| Total Debt | 233.00K | 230.00K | 2.33M | 31.91M | 39.78M |
| Total Liabilities | 108.27M | 101.94M | 108.57M | 122.45M | 95.27M |
| Stockholders Equity | 823.35M | 828.11M | 796.61M | 675.80M | 676.99M |
Cash Flow | |||||
| Free Cash Flow | -89.19M | 77.92M | 154.42M | -1.53M | -38.59M |
| Operating Cash Flow | -34.17M | 140.63M | 178.75M | 7.08M | 14.53M |
| Investing Cash Flow | 62.21M | -124.39M | -128.39M | 4.98M | -56.91M |
| Financing Cash Flow | -15.38M | -18.35M | -32.00M | -11.86M | 29.55M |
Nitiraj Engineers Ltd. Technical Analysis
Positive
182.11
Price Trends
192.35
Positive
200.30
Negative
195.59
Negative
Market Momentum
-1.85
Negative
54.97
Neutral
54.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NITIRAJ, the sentiment is Positive. The current price of 182.11 is below the 20-day moving average (MA) of 188.26, below the 50-day MA of 192.35, and below the 200-day MA of 195.59, indicating a neutral trend. The MACD of -1.85 indicates Negative momentum. The RSI at 54.97 is Neutral, neither overbought nor oversold. The STOCH value of 54.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NITIRAJ.
Nitiraj Engineers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹273.59B | 83.36 | ― | 0.20% | 27.28% | 76.63% | |
61 Neutral | ₹42.20B | 58.28 | ― | ― | -16.99% | 7.58% | |
57 Neutral | ₹116.85B | 99.16 | ― | ― | 45.99% | 76.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹171.32B | 86.67 | ― | 0.08% | 8.59% | -34.34% | |
53 Neutral | ₹53.45B | -115.44 | ― | 0.25% | 6.93% | -2481.56% | |
47 Neutral | ₹1.98B | 199.91 | ― | 0.78% | -39.35% | -78.01% |
* General Sector Average
IN:NITIRAJ
Nitiraj Engineers Ltd.
205.91
-11.47
-5.28%
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Nitiraj Engineers Ltd. Corporate Events
Nitiraj Engineers Publishes Audited FY 2026 Standalone Results in Newspapers
May 30, 2026
Nitiraj Engineers Ltd. has published its audited standalone financial results for the quarter and full year ended 31 March 2026 in the Financial Express and Apla Maharashtra newspapers, in accordance with SEBI’s disclosure regulations. By fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.