Nidhi Granites share price, P/E, ROE & financials

As of 6 Nov 2026, Nidhi Granites trades at 27.3× trailing earnings, in line with the industry P/E of 27.3×, and the shares are 37% below their 52-week high. Its ROCE of 46% is the highest among the 7 largest Building Materials peers, and sales and net profit grew 37% and 160% a year over 3 years. Debt is 0.12× equity. It is a small-cap company with a market cap of ₹227 Cr, ranked 35th of 58 Building Materials companies by market cap; the shares fell 38% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹266.00
Day high: ₹299.00
Day low: ₹266.00
Prev. close: ₹284.85
Volume: 480

Health check

3 good · 1 fair · 2 to check

ReturnsBehind
−37.9% over a year, better than 0 of 7 peers.
Price tagIn line
P/E 27.3 vs industry 27.3.
GrowthStrong
Sales +37.1%, profit +159.9% a year over 3 years.
ProfitabilityStrong
ROCE 46.3% vs peer median 10.2%.
Balance sheetSolid
Debt 0.12× equity, interest covered 45.5×, Piotroski 7 of 9.
Red flags2 to check
Quarterly sales down 20.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹227 Cr, #35 of 58 in its industry by size.

Defensive

Beta 0.78 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹62 Cr · profit ₹8 Cr

Market cap: ₹227 Cr; Small cap
P/E: 27.3; Industry 27.3
Price to book: 10.06; Peers 2.12
Dividend yield: 0.00%
ROE: 41.0%; Peers 4.9%
ROCE: 46.3%; Peers 10.2%
Debt to equity: 0.12; Debt ₹2.77 Cr
EPS (TTM): ₹10.40
OPM (TTM): 22.0%; Net margin 13.5%
Sales growth: −20.1%; Latest quarter vs a year ago
Profit growth: +29.3%; Latest quarter vs a year ago
Price to sales: 3.68; EV/EBITDA 18.1

Strengths

Return on equity of 41.0%.
Return on capital employed of 46.3%.
Quarterly profit up 29.3% on a year ago.

Risks to check

Quarterly sales down 20.1% on a year ago.
37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Nidhi Granites

Nidhi Granites Limited manufactures and trades in granite and marble slabs, tiles, and sandstone and limestone products in India. It also offers garments, construction materials, and financial technology and related services. The company was incorporated in 1981 and is based in Mumbai, India.

Headquarters: Mumbai
Sector: Basic Materials
ISIN: INE276H01013
Website: nidhigranites.com

Price range

52 weeks

₹181.45₹450.00

Today

₹266.00₹299.00

Avg volume (3M): 2.8K
1-year return: minus 37.9%
From 52-week high: minus 37.0%

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	18.4%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
NIDHGRNNidhi Granites	283.50	minus 0.47%	227	27.3	16.1	46.3%	22.0%	0.12	37.1%	minus 37.9%
Median of 7 peers	–	0.67%	90,563	41.6	16.8	10.2%	15.8%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
19.8	13.2	15.6	16.7	15.8
16.6	11.1	12.2	13	11.5
3.2	2.1	3.4	3.6	4.3
16.3%	16.1%	21.9%	21.7%	27.4%
0.1	0.1	0.1	0.1	0.2
0.1	0.1	0.1	0.1	0
0.2	0.3	0.5	0.6	0.6
3	1.8	2.9	2.9	3.9
26.5%	29.5%	25.1%	33.7%	24.9%
2.2	1.3	2.2	1.9	2.9
2.80	1.61	2.75	2.42	3.62

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +37.1%
Profit CAGR 3Y: +159.9%
EPS CAGR 3Y: +109.9%
ROE: 41.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
25.3	38.5	45.3	65.2
–	+52.3%	+17.6%	+44.0%
24.3	36.9	43.7	51.3
1	1.6	1.5	13.9
3.8%	4.1%	3.4%	21.4%
0.1	0.3	0.5	0.2
0.2	0.4	0.4	0.2
0.5	0.7	0.6	1.6
0.2	0.2	1.5	−1.6
0.6	1	2.5	10.8
31.0%	28.4%	24.1%	28.6%
0.4	0.7	1.9	7.7
–	+56.7%	+180.3%	+300.2%
2.08	0.98	2.40	9.60

EPS is shown as reported. The EPS CAGR above adjusts earlier years for the 2:1 on May 2024 split/bonus; dilution from new shares is not adjusted.

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2.7	4	8	8
6.7	9	6.9	14.5
3.3	4.5	3.2	2.8
4	4.4	4	7.4
16.6	21.8	22.1	32.7
2.2	3.3	5	5.8
0.5	0.8	2.2	0.6
4	2.8	3	5.2
10	14.9	11.9	21
16.6	21.8	22.1	32.7

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−2.1	−1.1	1.5	5.8
−0.6	−3.2	−0.4	−0.8
5.3	3.1	−0.9	−1.9
2.5	−1.2	0.2	3.1
−0.7	−1.4	−3	−5
−2.8	−2.6	−1.5	0.8

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you