Nirav Commercial

  • Market Cap: Micro Cap
  • Industry: Trading & Distributors
  • ISIN: INE242B01018
  • NSEID:
  • BSEID: 512425
INR
655.00
7 (1.08%)
BSENSE

Feb 13

BSE+NSE Vol: 16

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

16

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

51.95%

how big is Nirav Commercial?

06-Jun-2025

As of Jun 06, Nirav Commercials Ltd has a market capitalization of 28.00 Cr, classifying it as a Micro Cap company, with net sales of 11.93 Cr and a net profit of 0.08 Cr over the latest four quarters. Shareholder's funds are reported at 29.87 Cr, with total assets of 31.86 Cr as of Mar'24.

Market Cap: As of Jun 06, Nirav Commercials Ltd has a market capitalization of 28.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, the sum of Net Sales is 11.93 Cr, and the sum of Net Profit is 0.08 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. Shareholder's Funds are reported at 29.87 Cr, and Total Assets amount to 31.86 Cr.

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Has Nirav Commercial declared dividend?

06-Jun-2025

No Dividend History Available

Is Nirav Commercial overvalued or undervalued?

09-Jun-2025

As of May 29, 2024, Nirav Commercial is considered overvalued with a risky valuation grade, highlighted by a high PE ratio of 26.89, a low Price to Book Value of 0.88, and a concerning negative EV to EBITDA of -26.01, alongside poor stock performance compared to the Sensex.

As of 29 May 2024, the valuation grade for Nirav Commercial has moved from very expensive to risky. The company is currently assessed as overvalued. Key ratios include a PE ratio of 26.89, a Price to Book Value of 0.88, and an EV to EBITDA of -26.01, indicating significant concerns regarding profitability and valuation metrics.<BR><BR>In comparison to peers, Nirav Commercial's PE ratio is notably higher than its industry counterparts, which typically exhibit lower valuations. For instance, while Nirav has a PEG ratio of 0.25, suggesting potential growth, the negative EV to EBITDA ratio raises red flags about operational efficiency. The company's recent stock performance has lagged behind the Sensex, with a one-month return of -27.22% compared to the Sensex's 3.83%, reinforcing the notion that the stock may be overvalued in the current market context.

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What is the technical trend for Nirav Commercial?

09-Jun-2025

As of June 4, 2025, Nirav Commercial's trend has shifted to mildly bearish, supported by bearish MACD readings and Bollinger Bands on weekly and monthly charts, despite daily moving averages showing mild bullishness.

As of 4 June 2025, the technical trend for Nirav Commercial has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, supported by the weekly and monthly MACD readings, both indicating a bearish trend. The Bollinger Bands also reflect a bearish outlook on both time frames. While the daily moving averages show a mildly bullish signal, the overall weekly and monthly indicators, including Dow Theory and KST, lean towards a bearish sentiment. The RSI shows no signals in either time frame, indicating a lack of momentum. Given the recent price action, including a significant decline in returns over the past month, the bearish trend appears to be gaining strength.

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Who are the peers of the Nirav Commercial?

16-Jul-2025

Nirav Commercial's peers include UR Sugar, Hemang Resources, Asian Tea & Exp, LWS Knitwear, Mah. Corporation, Ind-Agiv Commer., Palm Jewels, Omansh Enterpri., and Kisaan Parivar. Nirav Commercial has below average management risk and a 1-year return of 20.83%, outperforming UR Sugar, which has the lowest return at -53.62%.

Peers: The peers of Nirav Commercial are UR Sugar, Hemang Resources, Asian Tea & Exp, LWS Knitwear, Mah. Corporation, Ind-Agiv Commer., Palm Jewels, Omansh Enterpri., and Kisaan Parivar.<BR><BR>Quality Snapshot: Below Average management risk is observed at UR Sugar, Asian Tea & Exp, LWS Knitwear, Mah. Corporation, Palm Jewels, and Kisaan Parivar, while Average management risk is found at Hemang Resources and Ind-Agiv Commer. Nirav Commercial has Below Average management risk. In terms of growth, Excellent growth is noted at LWS Knitwear, Average growth at Hemang Resources and Kisaan Parivar, and Below Average growth at UR Sugar, Asian Tea & Exp, Mah. Corporation, Ind-Agiv Commer., Nirav Commercial, Palm Jewels, and the rest. For capital structure, Good capital structure is seen at UR Sugar and Mah. Corporation, while Below Average capital structure is found at Hemang Resources, Asian Tea & Exp, LWS Knitwear, Ind-Agiv Commer., Nirav Commercial, Palm Jewels, Kisaan Parivar, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Omansh Enterpri. with a return of N/A, while the lowest is UR Sugar with -53.62%. Nirav Commercial's 1-year return is 20.83%, which is significantly higher than UR Sugar's. Additionally, several peers, including Hemang Resources, LWS Knitwear, Mah. Corporation, and Kisaan Parivar, have negative six-month returns.

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Who are in the management team of Nirav Commercial?

16-Jul-2025

As of March 2023, the management team of Nirav Commercial includes Lalit Kumar Daga (Chairman), Raghav Daga (Managing Director), Navinchandra Shah and Santosh Mundhra (Independent Directors), and Amey Ashok Borkar (Company Secretary & Compliance Officer).

As of March 2023, the management team of Nirav Commercial includes the following individuals:<BR><BR>1. Lalit Kumar Daga - Chairman (Non-Executive)<BR>2. Navinchandra Shah - Independent Director<BR>3. AMEY ASHOK BORKAR - Company Secretary & Compliance Officer<BR>4. Santosh Mundhra - Independent Director<BR>5. Raghav Daga - Managing Director<BR><BR>These members play various roles within the company's governance and operations.

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What does Nirav Commercial do?

17-Jul-2025

Nirav Commercials Ltd, established in 1985, operates in manufacturing and trading within the Trading & Distributors industry, with recent net sales of 38 Cr and a net profit of 2 Cr as of March 2025. The company has a market cap of INR 29 Cr and key financial metrics include a P/E ratio of 29.00 and a return on equity of 0.26%.

Overview: <BR>Nirav Commercials Ltd is engaged in manufacturing and trading within the Trading & Distributors industry, categorized as a Micro Cap company.<BR><BR>History: <BR>Incorporated in 1985, Nirav Commercials Ltd has maintained its operations in manufacturing and trading. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 38 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 2 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 29 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 29.00 <BR>Industry P/E: 9 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.03 <BR>Return on Equity: 0.26% <BR>Price to Book: 0.97<BR><BR>Contact Details: <BR>Address: Plot No W-50, MIDC Industrial Area Taloja Raigad Maharashtra : 410208 <BR>Phone: 022-24949538 <BR>Email: nirav@associatedgroup.com <BR>Website: http://www.associatedgroup.com

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Who are the top shareholders of the Nirav Commercial?

17-Jul-2025

The top shareholders of Nirav Commercial are Dynavent Airsystems Pvt. Ltd. with 8.28% (the largest promoter), and Judicious Consultants Pvt. Ltd. with 9.58% (the largest public shareholder). Individual investors hold 7.32%, with no mutual funds or foreign institutional investors involved.

The top shareholders of Nirav Commercial include Dynavent Airsystems Pvt. Ltd., which holds 8.28% of the shares, making it the promoter with the highest holding. Additionally, Judicious Consultants Pvt. Ltd. is the highest public shareholder, owning 9.58%. Individual investors collectively hold 7.32% of the company's shares. There are currently no mutual funds or foreign institutional investors holding shares in the company.

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Are Nirav Commercial latest results good or bad?

11-Nov-2025

Nirav Commercial's latest results are concerning, reporting a net loss of ₹0.09 crores in Q2 FY26 despite a 30.91% revenue growth. The significant decline in operating margins and a drop in net sales compared to the previous quarter indicate serious profitability and operational challenges.

The latest results for Nirav Commercials are concerning. In Q2 FY26, the company reported a net loss of ₹0.09 crores, a significant decline from a profit of ₹0.03 crores in the same quarter last year. This marks a complete erosion of profitability despite achieving a revenue growth of 30.91% year-on-year, with net sales reaching ₹2.88 crores.<BR><BR>However, the operational performance has deteriorated sharply. The operating margin fell to -3.82% from a positive 4.09% a year ago, indicating severe cost pressures. Additionally, the company experienced a 23.40% decline in net sales compared to the previous quarter, which raises concerns about its ability to sustain growth and manage costs effectively.<BR><BR>Overall, while the revenue growth appears positive on the surface, the underlying profitability issues and operational challenges suggest that the results are not good. The combination of persistent losses, negative returns on capital, and collapsing margins paints a troubling picture for the company's future.

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How has been the historical performance of Nirav Commercial?

12-Nov-2025

Nirav Commercial has experienced a decline in profitability and sales, with net sales dropping from a peak of 11.09 Cr in March 2022 to 9.73 Cr in March 2025, and operating profit turning negative. Despite an increase in total assets and liabilities, cash flow from operations remains stagnant at 0.00 Cr in March 2025.

Answer:<BR>The historical performance of Nirav Commercial shows fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Nirav Commercial's net sales have varied, reaching a peak of 11.09 Cr in March 2022 before declining to 9.73 Cr in March 2025. Total operating income followed a similar trend, peaking at 15.08 Cr in March 2021 and dropping to 9.73 Cr by March 2025. The company experienced a significant increase in raw material costs, which rose from 2.59 Cr in March 2020 to 5.94 Cr in March 2025. Operating profit, excluding other income, turned negative in recent years, with a loss of 0.41 Cr in March 2025 compared to a profit of 9.38 Cr in March 2021. Profit after tax also saw a decline, from 9.27 Cr in March 2021 to just 0.05 Cr in March 2025. On the balance sheet, total assets increased from 18.73 Cr in March 2020 to 33.60 Cr in March 2025, while total liabilities rose from 18.73 Cr to 33.60 Cr in the same period. Cash flow from operating activities remained stable at 0.00 Cr in March 2025, reflecting ongoing challenges in generating cash from operations. Overall, the financial performance of Nirav Commercial indicates a downward trend in profitability and sales, despite an increase in total assets and liabilities.

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When is the next results date for Nirav Commercials Ltd?

05-Feb-2026

The next results date for Nirav Commercials Ltd is 10 February 2026.

The next results date for Nirav Commercials Ltd is scheduled for 10 February 2026.

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Should I buy, sell or hold Nirav Commercials Ltd?

12-Feb-2026

Why is Nirav Commercials Ltd falling/rising?

13-Feb-2026

As of 12-Feb, Nirav Commercials Ltd's stock price is at 648.00, unchanged today and underperforming its sector by 2.49%. Despite long-term gains, recent trading has been erratic with declining investor participation, leading to stagnation in price.

As of 12-Feb, Nirav Commercials Ltd's stock price is currently at 648.00, showing no change (0.00%). The stock has underperformed its sector by 2.49% today, indicating a relative decline compared to its peers. Over the past week, the stock has remained flat with a 0.00% change, while the Sensex has increased by 0.43%. In the last month, Nirav Commercials Ltd has seen a decline of 1.82%, contrasting with a slight decrease of 0.24% in the Sensex.<BR><BR>Year-to-date, the stock has gained 0.30%, which is a positive sign compared to the Sensex's loss of 1.81%. However, over the past year, the stock has significantly underperformed with a drop of 10.40%, while the Sensex has risen by 9.85%. In the longer term, the stock has shown strong performance over three years with an increase of 48.97%, and an impressive 204.73% rise over five years, both outperforming the Sensex.<BR><BR>Despite these longer-term gains, recent trading activity has been erratic, with the stock not trading on 2 out of the last 20 days. Additionally, there has been a notable decline in investor participation, as evidenced by a 58.33% drop in delivery volume on February 5 compared to the five-day average. The stock is currently trading higher than its five-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance trend.<BR><BR>Overall, while there are some positive indicators in the long-term performance, the recent underperformance against the sector, declining investor participation, and erratic trading patterns contribute to the stock's current stagnation in price.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Operating Losses, the company has a Weak Long Term Fundamental Strength

  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -0.41
  • The company has been able to generate a Return on Equity (avg) of 8.45% signifying low profitability per unit of shareholders funds
2

Flat results in Dec 25

3

Risky - Negative EBITDA

4

Underperformed the market in the last 1 year

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Trading & Distributors

stock-summary
Market cap

INR 25 Cr (Micro Cap)

stock-summary
P/E

0

stock-summary
Industry P/E

12

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.03

stock-summary
Return on Equity

0.00%

stock-summary
Price to Book

0.83

Revenue and Profits:
Net Sales:
2 Cr
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.04%
0%
-1.04%
6 Months
-6.43%
0%
-6.43%
1 Year
-4.67%
0%
-4.67%
2 Years
-17.08%
0%
-17.08%
3 Years
50.57%
0%
50.57%
4 Years
38.35%
0%
38.35%
5 Years
208.02%
0%
208.02%

Nirav Commercial for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Newspaper Publication

11-Feb-2026 | Source : BSE

Newspaper Publication of Unaudited Financial Results for the quarter and Nine months ended 31st December 2025

Board Meeting Outcome for Outcome Of Board Meeting

10-Feb-2026 | Source : BSE

This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations the Board of Directors at its meeting held today i.e. on Tuesday 10th February 2026 considered and approved the Un-Audited Financial Results for the quarter ended 31st December 2025 along with the Limited Review Report of the auditors thereon

For The Quarter Ended 31St December 2025

10-Feb-2026 | Source : BSE

Un-Audited Financial Results for the quarter ended 31st December 2025 along with the Limited Review Report of the auditors thereon

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
21.47%
EBIT Growth (5y)
-2.97%
EBIT to Interest (avg)
-0.41
Debt to EBITDA (avg)
2.21
Net Debt to Equity (avg)
-0.03
Sales to Capital Employed (avg)
0.33
Tax Ratio
100.00%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
-1.56%
ROE (avg)
8.45%

Valuation key factors

Factor
Value
P/E Ratio
Industry P/E
12
Price to Book Value
0.83
EV to EBIT
-24.52
EV to EBITDA
-24.52
EV to Capital Employed
0.83
EV to Sales
2.37
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-1.66%
ROE (Latest)

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Raghav Daga (14.18%)

Highest Public shareholder

Judicious Consultants Pvt. Ltd. (9.58%)

Individual Investors Holdings

7.42%

stock-summaryFinancial
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    "alert": "No Nine Monthly Results declared by Nirav Commercial"
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          "field": "Interest",
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          "val2": "0.14",
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          "chgp": "-82.14%",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
1.50
2.20
-31.82%
Operating Profit (PBDIT) excl Other Income
-0.31
-0.03
-933.33%
Interest
0.04
0.07
-42.86%
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.19
0.08
-337.50%
Operating Profit Margin (Excl OI)
-20.67%
-1.36%
-19.31%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is -31.82% vs -23.61% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -337.50% vs 188.89% in Sep 2025

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
9.73
10.52
-7.51%
Operating Profit (PBDIT) excl Other Income
-0.41
-0.15
-173.33%
Interest
0.25
0.14
78.57%
Exceptional Items
0.05
0.28
-82.14%
Consolidate Net Profit
0.04
0.32
-87.50%
Operating Profit Margin (Excl OI)
-5.65%
-2.61%
-3.04%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -7.51% vs 9.36% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -87.50% vs -52.24% in Mar 2024

stock-summaryCompany CV
About Nirav Commercials Ltd stock-summary
stock-summary
Nirav Commercials Ltd
Micro Cap
Trading & Distributors
Nirav Commercials Limited, incorporated in 1985, has two business segments: manufacturing and trading. The Company is engaged in manufacturing of Aluminium Grills, Door 8 Windows etc. and has two manufacturing units namely 'Elesar Focchi', one of them is situated at Daman (UT) 8 another at Taloja, Dist; Raigad (Maharashtra). Its products include aluminum rolled, extrusions, ingots, sulphur and nickel,aluminium expanded extruded sheet.
Company Coordinates stock-summary
Company Details
Plot No W-50, MIDC Industrial Area Taloja Raigad Maharashtra : 410208
stock-summary
Tel: 022-24949538
stock-summary
nirav@associatedgroup.com
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai