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

Nidhi Granites has made headlines today as its stock price reached a new 52-week high of Rs. 315.2, reflecting a significant milestone for the microcap company. This achievement comes on the heels of a strong performance, with the stock outperforming its sector by 2.36% and marking a consecutive gain over the past five days, resulting in a total return of 9.39% during this period.
The company has demonstrated impressive financial metrics, boasting 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 net sales of Rs. 19.81 crore and an operating profit margin of 16.00%, showcasing its operational efficiency.

With a high return on equity (ROE) of 22.06% and a low debt-to-equity ratio of 0.01, Nidhi Granites is positioned favorably in the market. Over the past year, the company has delivered a robust return of 103.82%, significantly outperforming the Sensex, which has seen a decline of 0.49%. As the market continues to evolve, Nidhi Granites remains a noteworthy player in the miscellaneous industry.