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As of 5 Nov 2026, Nirav Commercials trades at 44.7× trailing earnings, above the industry P/E of 17.0×, and the shares are 27% below their 52-week high. Sales grew 10% a year over 3 years while net profit fell 14%, with ROCE of 1.9% and ROE of 1.4%, though net profit is above operating profit, which points to a one-off gain. It is a small-cap company with a market cap of ₹27 Cr, ranked 21st of 22 Aluminum companies by market cap; the shares fell 5.8% over the past year.

As of 5 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹691.70
Day high
₹691.70
Day low
₹691.70
Prev. close
₹691.70
Volume
1

Health check

3 fair · 2 to check
  • ReturnsIn line

    −5.8% over a year, better than 3 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSteady

    Sales +10.3%, profit −14.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 1.9% vs peer median 16.4%.

  • Balance sheetFair

    Piotroski 5 of 9.

  • Red flags5 to check

    Return on equity is low at 1.4%.

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

Aluminum

21 listed peers. Screen the industry

Small cap

₹27 Cr, #21 of 22 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹10 Cr · profit ₹1 Cr
Market cap
₹27 Cr
Small cap
P/E
44.7
Industry 17.0
Price to book
0.86
Peers 2.90
Dividend yield
0.00%
ROE
1.4%
Peers 10.3%
ROCE
1.9%
Peers 16.4%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹15.48
OPM (TTM)
0.1%
Net margin 6.2%
Sales growth
−99.0%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.70
EV/EBITDA −144.2

Strengths and risks

Risks to check

  • Return on equity is low at 1.4%.
  • Quarterly sales down 99.0% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • P/E of 44.7 against an industry P/E of 17.0.
  • Interest coverage of only 0.3×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Nirav Commercials

Nirav Commercials Limited manufactures and sells aluminum grills, doors, and windows in India. The company also provides surface coatings. It offers its products under the Decofloor, Decoframe, Decogrille, and Decotech brands. The company exports its products. Nirav Commercials Limited was incorporated in 1985 and is based in Mumbai, India.

Headquarters
Mumbai
Employees
11
Sector
Basic Materials
ISIN
INE242B01018
Website
investors.elesarfocchi.in

Price range

52 weeks

₹551.00₹953.30

Today

₹691.70₹691.70
Avg volume (3M)
8
1-year return
minus 5.8%
From 52-week high
minus 27.4%

Peers · Aluminum

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HINDALCOHindalco Industries958.40plus 2.19%2,12,74911.19.49.4%9.0%0.737.1%plus 12.8%
VAMLVedanta Aluminium Metal376.05minus 0.80%1,46,81622.2––41.3%1.05–minus 24.2%
NATIONALUMNational Aluminium Co.325.75minus 1.59%59,8288.46.533.3%43.8%0.007.8%plus 41.9%
CMRGREENCMR Green Technologies218.29plus 2.16%4,78217.813.019.8%4.5%0.8317.4%minus 9.5%
ARFINArfin India94.15minus 1.23%1,58986.433.620.8%6.9%0.764.3%plus 74.7%
BELDINGBelding India820.05minus 2.76%1,187––0.3%−1377.7%0.04−89.7%minus 10.8%
MMPMMP Industries427.35plus 0.66%1,08621.719.412.9%8.4%0.5315.2%plus 50.9%
NIRAVCOMNirav Commercials691.700.00%2744.7306.41.9%0.1%–10.3%minus 5.8%
Median of 7 peers–−0.80%4,78219.713.016.4%8.4%0.737.4%12.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
2.92.21.56.30
32.21.85.80.2
−0.1−0−0.30.6−0.2
−3.8%−1.8%−20.7%8.9%−666.7%
0.10.10.100.2
0.10.100.1–
0000–
–––0.3–
−0.1−0−0.30.80
−25.0%500.0%36.7%22.8%−450.0%
−0.10.1−0.20.60.1
-2.211.93-4.8515.642.76

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+10.3%
Profit CAGR 3Y
−14.1%
EPS CAGR 3Y
−14.1%
ROE
1.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9.610.59.712.9
–+9.4%minus 7.6%+32.5%
9.210.710.112.8
0.4−0.2−0.30.1
4.2%−1.5%−3.4%0.7%
0.50.30.80.5
00.10.20.2
00.10.10.1
00.5−00.2
0.90.400.4
23.2%17.6%−58.2%−18.0%
0.70.300.4
–minus 52.2%minus 86.4%+878.2%
17.118.181.1110.85

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.40.40.40.4
28.729.530.131
–0.21.4–
21.81.80.3
31.231.933.631.7
0.30.60.80.3
12.324.224.925.4
8.40.90.10
10.16.17.85.9
31.231.933.631.7

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3.93.8−0.3−3.3
−2.8−6.3−1−0.7
0.411.23.9
1.5−1.5−0.1−0
−0−0.4−0.3−0.1
3.83.3−0.6−3.3

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