Nitiraj Engineer

Why is Nitiraj Engineers Ltd falling/rising?

As of 22-Jun, Nitiraj Engineers Ltd's stock price is at 190.91, reflecting a decline of 1.98%. The stock has underperformed against the Sensex and its sector, with decreasing investor interest and a weakening trend indicated by moving averages.

As of 22-Jun, Nitiraj Engineers Ltd's stock price is falling, currently at 190.91, which reflects a decrease of 3.86 (-1.98%). This decline is evident in the stock's performance over various periods, where it has underperformed compared to the benchmark Sensex. Over the past week, the stock has decreased by 1.37%, while the Sensex has increased by 1.04%. In the last month, the stock has also fallen by 1.96%, contrasting with a 1.62% rise in the Sensex.<BR><BR>Additionally, the stock's performance today indicates it has underperformed its sector by 5.04%. The moving averages show that while the stock is higher than the 20-day moving average, it is lower than the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a weakening trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 32.41% against the 5-day average, indicating reduced interest from investors. Overall, these factors contribute to the current decline in Nitiraj Engineers Ltd's stock price.

Which are the latest news on Nitiraj Engineer?

Should I buy, sell or hold Nitiraj Engineers Ltd?

What does Nitiraj Engineer do?

Nitiraj Engineers Ltd, incorporated in 1999 and publicly listed since 2015, operates in industrial manufacturing with a market cap of INR 176 Cr. As of March 2026, it reported net sales of 8 Cr and a net loss of 1 Cr.

Overview: <BR>Nitiraj Engineers Ltd is engaged in industrial manufacturing and operates within the micro-cap market segment.<BR><BR>History: <BR>The company was incorporated in 1999 as "Nitiraj Engineers Private Limited" and later converted to a public limited company in 2015, changing its name to "Nitiraj Engineers Limited." The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 8 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 176 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 37 <BR>Dividend Yield: 0.87% <BR>Debt Equity: -0.10 <BR>Return on Equity: 1.26% <BR>Price to Book: 2.09<BR><BR>Contact Details: <BR>Address: 306A Bhabha Building N M Joshi, Marg Delisle Road Mumbai Maharashtra : 400011 <BR>Email: investor@nitiraj.net <BR>Website: http://www.nitiraj.net

How big is Nitiraj Engineer?

As of 10th June, Nitiraj Engineers Ltd has a market capitalization of 176.00 Cr and reported Net Sales of 46.08 Cr with a Net Profit loss of 0.22 Cr over the latest four quarters. Shareholder's Funds are valued at 67.58 Cr, and Total Assets amount to 79.07 Cr as of March 2023.

As of 10th June, Nitiraj Engineers Ltd has a market capitalization of 176.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 46.08 Cr. However, it experienced a loss of 0.22 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2023. Shareholder's Funds are valued at 67.58 Cr, while Total Assets amount to 79.07 Cr.

Who are in the management team of Nitiraj Engineer?

The management team of Nitiraj Engineer includes Rajesh Raghunath Bhatwal (Chairman & Managing Director), Shakuntala Rajesh Bhatwal and Hung Sin Chung Huanyi (Whole-time Directors), Deepika Amit Dalmiya (Company Secretary & Compliance Officer), and independent directors Pranit Anil Bangad and Avinash Rajaram Chandsarkar.

The management team of Nitiraj Engineer includes the following individuals:<BR><BR>1. **Rajesh Raghunath Bhatwal** - Chairman & Managing Director<BR>2. **Shakuntala Rajesh Bhatwal** - Whole-time Director<BR>3. **Hung Sin Chung Huanyi** - Whole-time Director<BR>4. **Deepika Amit Dalmiya** - Company Secretary & Compliance Officer<BR>5. **Pranit Anil Bangad** - Independent Director<BR>6. **Avinash Rajaram Chandsarkar** - Independent Director<BR><BR>These individuals play key roles in the company's leadership and governance.

Who are the peers of the Nitiraj Engineer?

Nitiraj Engineer's peers include Visaman Global, Revathi Equip, Affordable Robo, United Heat, Global Pet Indus, Loyal Equipments, Prec. Electronic, Patels Airtemp, Lakshmi Engg, and KPT Industries. In terms of management risk and growth, Nitiraj Engineer ranks below average, with a 1-year return of -5.30%, better than Affordable Robo but lower than its other peers.

Peers: The peers of Nitiraj Engineer are Visaman Global, Revathi Equip, Affordable Robo., United Heat, Global Pet Indus, Loyal Equipments, Prec. Electronic, Patels Airtemp, Lakshmi Engg., and KPT Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Loyal Equipments and Global Pet Indus, while Good management risk is found at Visaman Global and KPT Industries. Average management risk is present at Affordable Robo., United Heat, and Lakshmi Engg., while Below Average management risk is noted at Nitiraj Engineer, Revathi Equip, Prec. Electronic, and the rest. Growth is Excellent at Loyal Equipments, Good at Visaman Global and Affordable Robo., Average at Global Pet Indus and United Heat, and Below Average at Nitiraj Engineer, Revathi Equip, Prec. Electronic, and the rest. Capital Structure is Good at Nitiraj Engineer, Global Pet Indus, Loyal Equipments, and Lakshmi Engg., Below Average at Visaman Global, Affordable Robo., and Prec. Electronic, and Average at United Heat and Patels Airtemp.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Visaman Global at 200.00%, while the lowest is Affordable Robo. at -62.14%. Nitiraj Engineer's 1-year return is -5.30%, which is higher than Affordable Robo. but lower than all other peers. Additionally, Prec. Electronic, Patels Airtemp, Lakshmi Engg., and Loyal Equipments have a six-month return of 0.00%.

Are Nitiraj Engineers Ltd latest results good or bad?

Nitiraj Engineers Ltd's latest results show strong revenue growth of 30.49% year-on-year, but low profitability with a return on equity of 4.92% and inconsistent operating margins raise concerns. Overall, the results are more concerning than positive, warranting caution from investors.

Nitiraj Engineers Ltd's latest results present a mixed picture. On one hand, the company has shown significant revenue growth, with net sales increasing by 30.49% year-on-year to ₹16.39 crores in the most recent quarter. This marks a positive trend after a period of volatility in sales.<BR><BR>However, the profitability metrics remain a major concern. The company's return on equity (ROE) is quite low at 4.92%, which is significantly below industry standards. Operating margins have also been inconsistent, fluctuating between negative and low single-digit figures. While the operating margin improved to 10.86% in the latest quarter, this is still not robust enough to instill confidence in sustainable profitability.<BR><BR>Moreover, the stock has seen substantial value erosion, trading 52.80% below its 52-week high. The overall investment sentiment is cautious, as reflected in the company's Mojo Score of 42 out of 100, which places it in the "SELL" territory. <BR><BR>In summary, while Nitiraj Engineers has made strides in revenue growth, the underlying issues with profitability and capital efficiency suggest that the latest results are more concerning than positive. Investors should be wary of these fundamental weaknesses despite the attractive valuation metrics on the surface.

How has been the historical performance of Nitiraj Engineer?

Nitiraj Engineer's historical performance shows fluctuating financial metrics, with net sales rising to 46.08 Cr in Mar'23 but down from 53.40 Cr in Mar'21. Profitability has declined, with a net loss of -0.18 Cr in Mar'23, despite some improvements in operating profit and total assets.

Answer:<BR>The historical performance of Nitiraj Engineer shows fluctuations in key financial metrics over the years, with a notable decline in profitability in recent periods.<BR><BR>Breakdown:<BR>Nitiraj Engineer's net sales increased from 39.63 Cr in Mar'22 to 46.08 Cr in Mar'23, but this is down from 53.40 Cr in Mar'21. The total operating income followed a similar trend, rising to 46.08 Cr in Mar'23 from 39.63 Cr in Mar'22, yet lower than the 53.40 Cr recorded in Mar'21. The total expenditure also rose to 42.54 Cr in Mar'23 from 37.84 Cr in Mar'22, impacting the operating profit, which improved to 3.54 Cr in Mar'23 from 1.79 Cr in Mar'22 but was significantly lower than the 8.11 Cr in Mar'21. The profit before tax showed a slight recovery to 0.01 Cr in Mar'23 from a loss of 4.45 Cr in Mar'22, while the profit after tax remained negative at -0.18 Cr in Mar'23, although an improvement from -3.36 Cr in Mar'22. The consolidated net profit also reflected this trend, moving from -3.53 Cr in Mar'22 to -0.23 Cr in Mar'23. On the balance sheet, total assets increased to 79.07 Cr in Mar'23 from 76.37 Cr in Mar'22, while total liabilities rose to 79.07 Cr from 76.37 Cr, indicating a stable financial position despite the losses. Cash flow from operating activities remained at 0.00 Cr in Mar'23, reflecting ongoing challenges in generating cash from core operations.

Is Nitiraj Engineer overvalued or undervalued?

As of October 16, 2025, Nitiraj Engineer is considered an attractive investment due to its undervaluation compared to peers, with a PE ratio of 33.35, a PEG ratio of 0.00 indicating strong growth potential, and promising long-term outlook despite recent underperformance against the Sensex.

As of 16 October 2025, the valuation grade for Nitiraj Engineer has moved from fair to attractive, indicating a positive shift in its investment appeal. The company is currently considered undervalued, particularly when compared to its peers. Key ratios include a PE ratio of 33.35, an EV to EBITDA of 16.63, and a Price to Book Value of 2.48. <BR><BR>In comparison to its peers, Nitiraj Engineer's PE ratio is significantly lower than that of Thermax at 56.18 and BEML Ltd at 61.63, both of which are categorized as expensive. Additionally, the PEG ratio for Nitiraj is 0.00, suggesting strong growth potential relative to its price. Despite recent underperformance against the Sensex, with a year-to-date return of -11.86% compared to the Sensex's 8.21%, the long-term outlook remains promising, especially given the company's attractive valuation metrics.

Who are the top shareholders of the Nitiraj Engineer?

The top shareholders of Nitiraj Engineer include Rajesh Raghunath Bhatwal, who holds 44.91%, and Yi Hung Sin, the largest public shareholder with 7.98%. Individual investors own 18.25%, while two foreign institutional investors hold 0.05%, with no pledged promoter holdings or mutual fund investments.

The top shareholders of Nitiraj Engineer include the promoters, with Rajesh Raghunath Bhatwal holding the highest stake at 44.91%. Additionally, the highest public shareholder is Yi Hung Sin, who owns 7.98%. Individual investors collectively hold 18.25% of the shares. There are also two foreign institutional investors (FIIs) with a combined holding of 0.05%. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

What is the technical trend for Nitiraj Engineer?

As of June 2, 2025, Nitiraj Engineer's technical trend is neutral with mixed signals, showing a sideways movement and slight bearish inclination across various indicators.

As of 2 June 2025, the technical trend for Nitiraj Engineer has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across various indicators. The weekly MACD is bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The Bollinger Bands show a bearish signal on the weekly chart but are mildly bullish on the monthly chart, suggesting some volatility. Moving averages on the daily timeframe are mildly bullish, providing a slight positive bias. However, the KST and Dow Theory both indicate a mildly bearish trend on both weekly and monthly timeframes. Overall, the indicators reflect a sideways movement with a slight bearish inclination, lacking strong bullish signals.

When is the next results date for Nitiraj Engineer?

No Upcoming Board Meetings

What is the bonus history of the Nitiraj Engineer?

Nitiraj Engineers Ltd issued a 1:4 bonus on September 30, 2019, with a record date of October 1, 2019, allowing shareholders to receive one additional share for every four shares held.

Nitiraj Engineers Ltd has a bonus history that includes a 1:4 bonus issue announced with an ex-date of September 30, 2019. The record date for this bonus was October 1, 2019. This means that shareholders received one additional share for every four shares they held as of the record date. If you have any more questions about the company or its financial activities, feel free to ask!

Has Nitiraj Engineer declared dividend?

Nitiraj Engineers Ltd has declared a 15% dividend, amounting to ₹1.5 per share, with an ex-date of September 17, 2024. While recent total returns over shorter periods are negative, longer-term returns show significant growth.

Nitiraj Engineers Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 17 Sep 24<BR><BR>Dividend Yield: 0.71%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -19.47%, with no dividend return, resulting in a total return of -19.47%.<BR><BR>Over the past year, the price return was -4.26%, with no dividend return, leading to a total return of -4.26%.<BR><BR>In the 2-year period, the price return was 165.48%, with a dividend return of 1.85%, resulting in a total return of 167.33%.<BR><BR>For the 3-year period, the price return was 201.66%, with a dividend return of 2.29%, culminating in a total return of 203.95%.<BR><BR>In the 4-year period, the price return was 288.13%, with a dividend return of 2.94%, leading to a total return of 291.07%.<BR><BR>Over the last 5 years, the price return was 273.57%, with a dividend return of 2.68%, resulting in a total return of 276.25%.<BR><BR>Overall, Nitiraj Engineers Ltd has declared a dividend, but the recent total returns over shorter periods show negative performance. However, longer-term returns indicate significant growth, suggesting a potential recovery in the company's financial performance.