Nidhi Granites Achieves 52-Week High Amidst Strong Financial Performance and Growth

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs.334, reflecting a significant milestone for the microcap company. This achievement comes after a robust performance, with the stock outperforming its sector by 1.58% and marking an impressive 15.91% increase over the past eight consecutive days.
The company's financial metrics highlight its strong market position. Nidhi Granites has demonstrated remarkable growth, with net sales increasing at an annual rate of 174.53% and operating profit rising by 43.07%. The latest quarterly results show a net profit after tax of Rs.2.24 crore, a staggering 369.1% growth compared to the previous four-quarter average, alongside record net sales of Rs.19.81 crore.

Additionally, Nidhi Granites boasts a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01, indicating efficient management and financial stability. Over the past year, the stock has delivered a remarkable 118.30% return, consistently outperforming the BSE500 index. As the market continues to evolve, Nidhi Granites stands out as a noteworthy player in the miscellaneous industry.