Nidhi Granites

Why is Nidhi Granites Ltd falling/rising?

As of 01-Sep, Nidhi Granites Ltd's stock price is rising to Rs 286.00, up 4.0%, driven by strong financial performance and positive investor sentiment. Despite a year-to-date decline of 26.94% and high valuation concerns, the company shows robust long-term growth with significant increases in net sales and profit.

As of 01-Sep, Nidhi Granites Ltd's stock price is rising, currently at Rs 286.00, reflecting an increase of Rs 11.00 or 4.0%. This rise can be attributed to several factors. The stock has outperformed its sector by 4% today, indicating strong relative performance. Additionally, it reached an intraday high of Rs 286.9, showcasing positive momentum during trading.<BR><BR>Despite a recent decline in delivery volume, which fell by 50.28% against the 5-day average, the company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 128.45% and operating profit growing at 65.35%. Furthermore, the company has reported positive results for the last five consecutive quarters, with a significant growth in profit after tax (PAT) of 255.88% over the latest six months.<BR><BR>However, it is important to note that while the stock is currently rising, it has experienced a year-to-date decline of 26.94% and a 1-month drop of 6.06%. The stock's valuation is considered expensive with a Price to Book Value of 10.2, and 40.26% of promoter shares are pledged, which could exert downward pressure in a falling market. Nonetheless, the current upward movement reflects positive investor sentiment driven by the company's strong financial performance and growth prospects.

Which are the latest news on Nidhi Granites?

Who are in the management team of Nidhi Granites?

The management team of Nidhi Granites consists of Devan Pandya (Chairman & Director), Darpan Deepak Shah (Managing Director), Shreya Pandya (Director), and independent directors Amit Sinkar and Amit Patankar.

The management team of Nidhi Granites includes the following individuals:<BR><BR>1. **Devan Pandya** - Chairman & Director<BR>2. **Darpan Deepak Shah** - Managing Director<BR>3. **Shreya Pandya** - Director<BR>4. **Amit Sinkar** - Independent Director<BR>5. **Amit Patankar** - Independent Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

What does Nidhi Granites do?

Nidhi Granites Ltd, established in 1981, primarily trades in shares and securities while also dealing in granite products. As of June 2026, it reported net sales of 16 Cr and a net profit of 3 Cr, with a market cap of INR 241 Cr.

Overview:<BR>Nidhi Granites Ltd is engaged in dealing/trading in shares, securities, and other investments in India, operating within the Miscellaneous industry and classified as a Micro Cap company.<BR><BR>History:<BR>Established in 1981, Nidhi Granites Ltd initially focused on the granite blocks and tiles business. The company incorporated a subsidiary, SPNP Paper and Pack Private Limited, on March 10, 2021. The latest quarterly results reported net sales and profit for the period ending June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 16 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 3 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 241 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 26.00<BR>- Industry P/E: 10<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.05<BR>- Return on Equity: 34.07%<BR>- Price to Book: 10.29<BR><BR>Contact Details:<BR>Address: 9 Popat Bapa Shopping Centre, 2nd Flr Station Rd Santacruz-W Mumbai Maharashtra : 400054 <BR>Tel: 91-22-2006743 <BR>Email: pushpraj2018@gmail.com/ashkta@redif <BR>Website: http://www.nidhigranites.com

Who are the peers of the Nidhi Granites?

Nidhi Granites' peers include Shankar Lal Ram, Shiv Texchem, A-1, and others, with varying management risks and growth rates. Nidhi Granites has an average management risk and a 1-year return of -6.46%, better than Shiv Texchem's -59.38% but worse than Interiors & More's 0.00%.

Peers: The peers of Nidhi Granites are Shankar Lal Ram., Shiv Texchem, A-1, Aarvi Encon, Interiors & More, Dynamic Services, Integrated Perso, E Factor Experie, Jullundur Motor, and Trident Techlabs.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shankar Lal Ram., Shiv Texchem, Interiors & More, and E Factor Experie, while Average management risk is found at Nidhi Granites, A-1, Aarvi Encon, Dynamic Services, Jullundur Motor, and Trident Techlabs. Below Average management risk is present at Integrated Perso. For Growth, Excellent growth is noted at Shiv Texchem, Nidhi Granites, Interiors & More, and Dynamic Services, while Below Average growth is seen at A-1 and Average growth at Aarvi Encon and Integrated Perso. Capital Structure is Excellent for Shankar Lal Ram. and Aarvi Encon, Good for Nidhi Granites and Trident Techlabs, Average for A-1, and Below Average for Shiv Texchem, Dynamic Services, and Integrated Perso.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Interiors & More at 0.00%, while Shiv Texchem has the lowest at -59.38%. Nidhi Granites' 1-year return of -6.46% is better than Shiv Texchem's but worse than Interiors & More's. Additionally, Aarvi Encon, A-1, and Dynamic Services have negative six-month returns.

How big is Nidhi Granites?

As of 31st August, Nidhi Granites Ltd has a market capitalization of 241.00 Cr, with recent net sales of 61.23 Cr and a net profit of 8.34 Cr. The company has shareholder's funds of 22.54 Cr and total assets of 32.54 Cr as of March 2026.

As of 31st August, Nidhi Granites Ltd has a market capitalization of 241.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Nidhi Granites reported Net Sales of 61.23 Cr and a Net Profit of 8.34 Cr.<BR><BR>For the reporting period of March 2026, the company has Shareholder's Funds amounting to 22.54 Cr and Total Assets of 32.54 Cr.

Should I buy, sell or hold Nidhi Granites Ltd?

Are Nidhi Granites Ltd latest results good or bad?

Nidhi Granites Ltd's latest results show significant year-on-year profit growth, with a net profit of ₹1.94 crores, but a 12.22% decline from the previous quarter raises concerns about profitability sustainability. While revenue increased by 58.97%, decreasing operating margins and high valuation multiples suggest mixed overall performance.

Nidhi Granites Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹1.94 crores for Q4 FY26, which is a significant year-on-year improvement of 320.45% from a loss in the same quarter last year. However, this figure represents a decline of 12.22% compared to the previous quarter, indicating a downward trend in profitability.<BR><BR>In terms of revenue, the company achieved net sales of ₹16.66 crores, reflecting a robust year-on-year growth of 58.97% and a sequential increase of 7.14%. This suggests that while sales are growing strongly, the profit margins are under pressure, as evidenced by a decrease in the operating margin to 20.83%, down by 58 basis points from the previous quarter.<BR><BR>Additionally, the company's return on equity remains strong at 19.51%, indicating effective capital utilization. However, the elevated tax rate and rising depreciation costs have contributed to the profit decline, raising concerns about the sustainability of its recent growth.<BR><BR>Overall, while Nidhi Granites has shown impressive revenue growth and a turnaround in profitability compared to last year, the recent decline in net profit and operating margins, coupled with high valuation multiples and governance concerns, suggest that the results are not entirely positive. Investors should weigh these factors carefully.

When is the next results date for Nidhi Granites Ltd?

The next results date for Nidhi Granites Ltd is 29 May 2026.

The next results date for Nidhi Granites Ltd is scheduled for 29 May 2026.

How has been the historical performance of Nidhi Granites?

Nidhi Granites has experienced significant growth from Mar'21 to Mar'25, with net sales increasing from 0.00 Cr to 45.28 Cr and profit after tax rising from 0.07 Cr to 1.92 Cr. The company also improved its earnings per share from 0.93 to 2.4 and achieved positive cash flow from operating activities of 1.00 Cr in Mar'25.

Answer:<BR>The historical performance of Nidhi Granites shows significant growth over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Nidhi Granites has demonstrated a robust increase in net sales, rising from 0.00 Cr in Mar'21 to 45.28 Cr in Mar'25. The total operating income followed a similar upward trend, reaching 45.28 Cr in Mar'25, compared to just 15.83 Cr in Mar'22. The company's total expenditure also increased, but at a slower pace, resulting in an operating profit (PBDIT) of 3.16 Cr in Mar'25, up from 0.01 Cr in Mar'21. Profit before tax saw a substantial rise to 2.53 Cr in Mar'25 from 0.02 Cr in Mar'21, and profit after tax reached 1.92 Cr in Mar'25, compared to 0.07 Cr in Mar'21. The earnings per share (EPS) improved significantly, reaching 2.4 in Mar'25 from 0.93 in Mar'21. On the balance sheet, total assets increased to 21.99 Cr in Mar'25 from 2.13 Cr in Mar'21, while total liabilities rose to 21.99 Cr from 2.13 Cr in the same period. Cash flow from operating activities turned positive at 1.00 Cr in Mar'25, contrasting with negative cash flows in previous years. Overall, Nidhi Granites has shown a strong upward trajectory in both revenue and profitability metrics over the past five years.

Is Nidhi Granites overvalued or undervalued?

As of October 27, 2023, Nidhi Granites is considered very expensive with a PE ratio of 72.88 and significantly higher valuation metrics compared to peers like Coal India and NMDC, despite its strong past year performance of 48.40% against the Sensex's 7.58%.

As of 27 October 2023, the valuation grade for Nidhi Granites has moved from attractive to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued, with a PE ratio of 72.88, an EV to EBITDA of 127.67, and a Price to Book Value of 9.40. These ratios suggest that investors are paying a premium for the stock compared to its earnings and book value.<BR><BR>In comparison to its peers, Nidhi Granites stands out with a much higher PE ratio than Coal India, which has a PE of 6.95, and NMDC at 9.74, both of which are significantly lower and indicate more attractive valuations. Additionally, while Nidhi Granites has a PEG ratio of 0.40, suggesting potential growth, the overall high valuation metrics signal caution. The stock has outperformed the Sensex over the past year, returning 48.40% compared to the Sensex's 7.58%, but this does not mitigate the concerns regarding its current overvaluation.

What is the technical trend for Nidhi Granites?

As of June 6, 2025, Nidhi Granites shows a mildly bullish trend supported by the weekly MACD and Bollinger Bands, despite mixed signals from the monthly MACD and daily moving averages indicating short-term weakness.

As of 6 June 2025, the technical trend for Nidhi Granites has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. The Dow Theory also shows a mildly bullish stance on both weekly and monthly charts. However, daily moving averages are mildly bearish, suggesting short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands, despite some mixed signals from other indicators.

Who are the top shareholders of the Nidhi Granites?

The top shareholders of Nidhi Granites include Devan Narendra Pandya with 66.75%, followed by public shareholder Nayana Balubhai Bhatt at 13.53%. Individual investors hold a combined 31.43%, with no mutual funds or foreign institutional investors currently involved.

The top shareholders of Nidhi Granites are primarily the promoters, with Devan Narendra Pandya holding the largest share at 66.75%. The highest public shareholder is Nayana Balubhai Bhatt, who owns 13.53%. Additionally, individual investors collectively hold 31.43% of the shares. There are currently no holdings from mutual funds or foreign institutional investors.

What is the bonus history of the Nidhi Granites?

Nidhi Granites has announced a 1:1 bonus issue effective May 2, 2024, meaning shareholders will receive one additional share for each share owned on that date.

Nidhi Granites has a recent bonus history that includes a 1:1 bonus issue, which is set to take effect on May 2, 2024. The record date for this bonus is also May 2, 2024. This means that shareholders on that date will receive one additional share for every share they own. If you have any more questions about Nidhi Granites or need further details, feel free to ask!

Has Nidhi Granites declared dividend?

No Dividend History Available