Nitiraj Engineers Ltd. (NITIRAJ) AI Stock Analysis

• Market Cap: ₹2.19B
• Dividend Yield: 0.78%
• Average Volume (3M): 13.27K
• Price to Earnings (P/E): 121.5
• Beta (1Y): 0.62
• Revenue Growth: -3.39%
• EPS Growth: -2.10%
• Country: IN
• Employees: 321
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.39
• Shares Outstanding: 10,251,000
• 10 Day Avg. Volume: 2,497
• 30 Day Avg. Volume: 13,270
• PEG Ratio: -0.96
• Price to Book (P/B): 3.36
• Price to Sales (P/S): 3.63
• P/FCF Ratio: 35.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹234.00 ▲(28.49% Upside)
• Action: Reiterated Date: 10/17/25
• Date: Action: Reiterated 10/17/25

Nitiraj Engineers Ltd. scores a 63, driven primarily by its strong financial performance, particularly in profitability and cash flow metrics, which provide stability and growth potential. However, technical analysis indicates mixed signals with potential short-term weakness, and the valuation suggests the stock may be overvalued, limiting upside potential. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Low leverage / strong balance sheet

Extremely low leverage and an 89.1% equity ratio give Nitiraj high financial resilience. Minimal debt reduces refinancing and interest risk, supports capital spending and potential M&A, and preserves flexibility to fund operations or service expansion from internal resources over the medium term.

Negative Factors

Significant revenue decline

Substantial top-line contraction undermines scale economics and long-term growth potential. Persistent revenue weakness can erode market position, limit the payback on fixed investments, and constrain the company's ability to expand service offerings or invest in new product development.

Nitiraj Engineers Ltd. Business Overview & Revenue Model

Company Description

Nitiraj Engineers Limited engages in the manufacture and sale of various electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption in India and internationally. It offers...

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Nitiraj Engineers Limited engages in the manufacture and sale of various electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption in India and internationally. It offers...

How the Company Makes Money

Nitiraj Engineers primarily makes money by selling weighing and measurement hardware that it designs and manufactures. The core revenue stream is product sales across categories such as industrial weighing scales/systems, precision balances, weigh...

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Nitiraj Engineers primarily makes money by selling weighing and measurement hardware that it designs and manufactures. The core revenue stream is product sales across categories such as industrial weighing scales/systems, precision balances, weigh...

Nitiraj Engineers Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	866.14M	765.17M	1.00B	460.80M	396.26M	533.98M
Gross Profit	427.79M	293.20M	422.03M	213.36M	143.45M	117.63M
EBITDA	143.65M	103.38M	193.86M	37.00M	-8.27M	82.04M
Net Income	77.63M	48.31M	120.36M	-3.71M	-35.27M	35.37M
Balance Sheet
Total Assets	940.94M	930.04M	905.18M	798.25M	772.26M	785.15M
Cash, Cash Equivalents and Short-Term Investments	96.22M	208.46M	134.57M	8.07M	17.11M	29.69M
Total Debt	232.00K	230.00K	2.33M	31.91M	39.78M	6.17M
Total Liabilities	99.72M	101.94M	108.57M	122.45M	95.27M	57.63M
Stockholders Equity	841.22M	828.11M	796.61M	675.80M	676.99M	727.52M
Cash Flow
Free Cash Flow	-133.82M	77.92M	154.42M	-1.53M	-38.59M	25.98M
Operating Cash Flow	-81.48M	140.63M	178.75M	7.08M	14.53M	66.40M
Investing Cash Flow	87.86M	-124.39M	-128.39M	4.98M	-56.91M	-40.12M
Financing Cash Flow	-359.00K	-18.35M	-32.00M	-11.86M	29.55M	-1.82M

Nitiraj Engineers Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 182.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 214.06, below the 50-day MA of 198.32, and below the 200-day MA of 196.96, indicating a neutral trend. The MACD of 4.35 indicates Positive momentum. The RSI at 54.80 is Neutral, neither overbought nor oversold. The STOCH value of 39.84 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHESHWARI	70 Outperform	₹1.28B	9.09	―	―	2.13%	35.04%
NITIRAJ	63 Neutral	₹2.19B	121.46	―	0.78%	-3.39%	-2.10%
DUCON	62 Neutral	₹818.81M	12.44	―	―	4.34%	-3.29%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RKEC	48 Neutral	₹708.20M	20.28	―	―	-12.26%	-36.87%
BRNL	47 Neutral	₹1.52B	2.58	―	―	-57.13%	―
SADBHIN	43 Neutral	₹796.03M	-0.31	―	―	4.63%	67.17%

Nitiraj Engineers Ltd. Corporate Events