Nidhi Granites Achieves 52-Week High Amid Broader Market Decline, Showcases Strong Financial Growth

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 300.6, marking a significant milestone for the microcap company. This achievement comes amid a broader market environment where the Sensex has experienced a decline, falling by 295.24 points to 80,459.42. In contrast, Nidhi Granites has shown remarkable resilience, outperforming its sector by 1.87% and achieving a consecutive gain over the last nine days, resulting in a total return of 19.29% during this period.
The company has demonstrated impressive financial metrics, with a robust annual growth rate in net sales of 174.53% and an operating profit growth of 43.07%. Notably, Nidhi Granites reported a record net sales figure of Rs. 19.81 crore and a remarkable profit before tax growth of 2383.3% compared to the previous four-quarter average.

With a high return on equity of 22.06% and a low debt-to-equity ratio of 0.01 times, Nidhi Granites is positioned favorably in the market. Its one-year performance stands at an impressive 82.18%, significantly outpacing the Sensex, which has seen a decline of 1.65% over the same period.