As of 6 Nov 2026, Nitiraj Engineers trades at 78.5× trailing earnings, above the industry P/E of 29.9×, and the shares are 23% below their 52-week high. Sales grew 0.2% a year over 3 years; its ROCE of 1.6% is the lowest among its 5 Scientific & Technical Instruments peers. It carries very little debt. It is a small-cap company with a market cap of ₹189 Cr, ranked 5th of 6 Scientific & Technical Instruments companies by market cap; the shares rose 0.1% over the past year.
- ₹190.00
- ₹195.00
- ₹180.41
- ₹191.18
- 1.5K
Health check
- ReturnsIn line
+0.1% over a year, better than 3 of 5 peers.
- Price tagPricier
P/E 78.5 vs industry 29.9.
- GrowthSlow
Sales +0.2% a year over 3 years.
- ProfitabilityWeak
ROCE 1.6% vs peer median 18.2%.
- Balance sheetStretched
Practically debt-free, Piotroski 3 of 9.
- Red flags2 to check
Return on equity is low at 1.3%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹189 Cr
- Small cap
- P/E
- 78.5
- Industry 29.9
- Price to book
- 2.30
- Peers 3.23
- Dividend yield
- 0.00%
- ROE
- 1.3%
- Peers 14.5%
- ROCE
- 1.6%
- Peers 18.2%
- Debt to equity
- 0.00
- Debt ₹0.02 Cr
- EPS (TTM)
- ₹2.35
- Face value ₹10
- OPM (TTM)
- 10.0%
- Net margin 4.4%
- Sales growth
- +78.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.46
- EV/EBITDA 32.1
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 78.8% on a year ago.
Risks to check
- Return on equity is low at 1.3%.
- P/E of 78.5 against an industry P/E of 29.9.
About Nitiraj Engineers
Nitiraj Engineers Limited manufactures and markets various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighing Scales & Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales segments. It offers jewelry, tabletop, price computing, piece counting, platform,…
- Headquarters
- Dhule
- Employees
- 262
- Sector
- Technology
- ISIN
- INE439T01012
- Website
- nitiraj.net
Price range
- Avg volume (3M)
- 2.9K
- 1-year return
- plus 0.1%
- From 52-week high
- minus 23.5%
Peers · Scientific & Technical Instruments
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TEMPSENSTempsens Instruments (India) | 523.20 | minus 3.56% | 4,386 | 60.5 | 6.90 | 18.2% | 14.5% | 16.7% | 23.3% | 26.5% | 0.00% | minus 7.5% |
| RISHABHRishabh Instruments | 625.00 | minus 4.13% | 2,426 | 29.9 | 3.23 | 13.5% | 12.0% | 16.8% | 10.4% | 20.3% | 0.31% | plus 66.8% |
| KWICKKwick Forensic Solutions | 188.15 | minus 3.17% | 403 | 29.9 | 7.67 | 44.0% | 39.0% | 17.5% | – | – | 0.00% | plus 23.4% |
| JGTLJasch Gauging Technologies | 503.30 | minus 0.15% | 228 | 15.1 | 2.22 | 19.8% | 14.9% | 23.9% | −4.7% | −4.6% | 3.97% | minus 16.6% |
| NITIRAJNitiraj Engineers | 184.46 | minus 3.52% | 189 | 78.5 | 2.30 | 1.6% | 1.3% | 10.0% | 0.2% | – | 0.00% | plus 0.1% |
| TELOGICATelogica | 7.49 | plus 0.27% | 49 | – | 1.48 | 5.5% | 6.2% | 5.5% | 93.9% | – | 0.00% | minus 45.7% |
| Median of 5 peers | – | −3.17% | 403 | 29.9 | 3.23 | 18.2% | 14.5% | 16.8% | 16.9% | 20.3% | 0.00% | −7.5% |
Quarterly results
| ₹ Cr | Mar 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22.6 | 16.4 | 11.3 | 8.2 | 18.8 | |
| 21.9 | 13.7 | 10.2 | 8.5 | 16.9 | |
| 0.7 | 2.7 | 1.1 | −0.3 | 2 | |
| 3.3% | 16.6% | 9.8% | −3.7% | 10.4% | |
| 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | |
| 0.1 | 0 | 0 | 0 | 0 | |
| 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | |
| 0.1 | 2.2 | 0.5 | −0.9 | 1.4 | |
| 165.7% | 25.2% | 24.2% | 25.3% | 26.7% | |
| −0.1 | 1.6 | 0.4 | −0.6 | 1 | |
| -0.05 | 1.59 | 0.38 | -0.62 | 1.00 |
Profit & loss
- Sales CAGR 3Y
- +0.2%
- ROE
- 1.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 46.1 | 100 | 76.5 | 46.4 | |
| – | +118.0% | minus 23.8% | minus 39.3% | |
| 42.3 | 81.6 | 66.9 | 42.5 | |
| 3.8 | 18.9 | 9.7 | 3.9 | |
| 8.3% | 18.8% | 12.6% | 8.4% | |
| 0.2 | 0.1 | 0.1 | 0.2 | |
| 0.2 | 0 | 0.1 | 0 | |
| 3.7 | 3.4 | 3.5 | 3.5 | |
| −0.3 | 0.3 | 0.5 | 0.9 | |
| −0.2 | 15.9 | 6.6 | 1.4 | |
| −105.8% | 24.5% | 27.1% | 24.9% | |
| −0.4 | 12 | 4.8 | 1.1 | |
| – | – | minus 59.9% | minus 78.0% | |
| -0.36 | 11.74 | – | 1.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.3 | 10.3 | 10.3 | 10.3 | |
| 57.3 | 69.4 | 72.6 | 72.1 | |
| 3.2 | 0.2 | 0 | 0 | |
| 9.1 | 10.6 | 9.7 | 10.8 | |
| 79.8 | 90.5 | 92.6 | 93.2 | |
| 31.4 | 31.1 | 33.4 | 35.2 | |
| 1.3 | 1.9 | 1.5 | 1.3 | |
| 1 | 1 | 0.8 | 0.7 | |
| 0.8 | 13.5 | 20 | 10.8 | |
| 45.3 | 43 | 36.9 | 45.1 | |
| 79.8 | 90.5 | 92.6 | 93.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | 17.9 | 14.2 | −3.4 | |
| 0.5 | −12.8 | −12.4 | 6.3 | |
| −1.2 | −3.2 | −1.8 | −1.6 | |
| 0 | 1.8 | −0.1 | 1.3 | |
| −0.9 | −2.4 | −6.4 | −5.6 | |
| −0.2 | 15.4 | 7.8 | −9.1 | |
| – | – | −1.5 | −1.5 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.