Nidhi Granites Achieves 52-Week High Amidst Exceptional Growth Metrics and Market Performance

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 321.5, marking a significant milestone for the microcap company in the miscellaneous industry. This achievement comes after a robust performance, with the stock outperforming its sector by 1.93% and gaining 11.57% over the past six days.
The company has demonstrated impressive financial metrics, including a remarkable annual growth rate in net sales of 174.53% and an operating profit growth of 43.07%. In its latest quarterly results, Nidhi Granites reported a record net sales figure of Rs. 19.81 crore and a profit before tax of Rs. 2.98 crore, reflecting a staggering growth of 2383.3% compared to the previous four-quarter average.

Nidhi Granites also boasts a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01, indicating strong management efficiency and financial health. Over the past year, the stock has generated a remarkable return of 110.13%, significantly outperforming the Sensex, which has seen a decline of 0.58%. With consistent returns over the last three years, Nidhi Granites continues to solidify its position in the market.