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Updated 1h ago
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Nitiraj Engineers LimitedNSEI:NITIRAJ Stock Report

Market Cap ₹2.4b
Updated 1h ago
Share Price
n/a
1Y10.1%
7D6.4%
1D0.9%
Portfolio Value
​
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Nitiraj Engineers Limited

NSEI:NITIRAJ Stock Report

Market Cap: ₹2.4b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Nitiraj Engineers (NITIRAJ) Stock Overview

Manufactures and markets various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. More details

NITIRAJ fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

Risk Analysis

Large one-off items impacting financial results

Profit margins (2.3%) are lower than last year (6.3%)

Does not have meaningful revenue (₹464M)

Does not have a meaningful market cap (₹2B)


NITIRAJ Community Fair Values

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Current Price
₹233.2516.8% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-35m1b2016201920222025202620282031Revenue ₹847.3mEarnings ₹19.4m
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Nitiraj Engineers Limited Competitors

IC Electricals

Symbol: NSEI:ICELCO
Market cap: ₹2.3b

Aplab

Symbol: BSE:517096
Market cap: ₹1.9b

Nagpur Power and Industries

Symbol: BSE:532362
Market cap: ₹2.5b

Avio Smart Market Stack

Symbol: NSEI:ASMS
Market cap: ₹2.1b

Price History & Performance

Summary of share price highs, lows and changes for Nitiraj Engineers
Historical stock prices
Current Share Price₹233.25
52 Week High₹241.00
52 Week Low₹168.00
Beta-0.050
1 Month Change13.29%
3 Month Change20.51%
1 Year Change10.09%
3 Year Change113.01%
5 Year Change408.72%
Change since IPO313.56%

Recent News & Updates

Recent updates

Analysis Article • Nov 18

Calculating The Intrinsic Value Of Nitiraj Engineers Limited (NSE:NITIRAJ)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Nitiraj Engineers fair value estimate is ₹183 With ₹206 share...
Analysis Article • Sep 04

Nitiraj Engineers (NSE:NITIRAJ) Will Pay A Dividend Of ₹1.50

The board of Nitiraj Engineers Limited ( NSE:NITIRAJ ) has announced that it will pay a dividend on the 23rd of...
Analysis Article • Jun 03

We Ran A Stock Scan For Earnings Growth And Nitiraj Engineers (NSE:NITIRAJ) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Mar 07

The Market Lifts Nitiraj Engineers Limited (NSE:NITIRAJ) Shares 37% But It Can Do More

Nitiraj Engineers Limited ( NSE:NITIRAJ ) shares have had a really impressive month, gaining 37% after a shaky period...
Analysis Article • Jan 21

Sentiment Still Eluding Nitiraj Engineers Limited (NSE:NITIRAJ)

With a median price-to-earnings (or "P/E") ratio of close to 31x in India, you could be forgiven for feeling...
Analysis Article • Sep 18

Increases to CEO Compensation Might Be Put On Hold For Now at Nitiraj Engineers Limited (NSE:NITIRAJ)

Key Insights Nitiraj Engineers will host its Annual General Meeting on 24th of September Salary of ₹2.40m is part of...
Analysis Article • Aug 24

Nitiraj Engineers Limited (NSE:NITIRAJ) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Nitiraj Engineers Limited ( NSE:NITIRAJ ) shareholders won't be pleased to see that the share price has had a very...
Analysis Article • Jun 12

Nitiraj Engineers Limited's (NSE:NITIRAJ) 27% Share Price Surge Not Quite Adding Up

Nitiraj Engineers Limited ( NSE:NITIRAJ ) shares have continued their recent momentum with a 27% gain in the last month...
Analysis Article • Sep 19

It's Unlikely That Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Will See A Huge Pay Rise This Year

Key Insights Nitiraj Engineers' Annual General Meeting to take place on 25th of September Salary of ₹2.40m is part of...
Analysis Article • Sep 23

Shareholders May Not Be So Generous With Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Compensation And Here's Why

The share price of Nitiraj Engineers Limited ( NSE:NITIRAJ ) has struggled to grow by much over the last few years and...
Analysis Article • Feb 22

How Much Is Nitiraj Engineers' (NSE:NITIRAJ) CEO Getting Paid?

Rajesh Bhatwal has been the CEO of Nitiraj Engineers Limited ( NSE:NITIRAJ ) since 2015, and this article will examine...
Analysis Article • Jan 02

Nitiraj Engineers Limited's (NSE:NITIRAJ) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Nitiraj Engineers (NSE:NITIRAJ) has had a great run on the share market with its stock up by a significant 14% over the...
Analysis Article • Dec 07

Insider Buying: The Nitiraj Engineers Limited (NSE:NITIRAJ) Chairman & MD Just Bought ₹1.7m Worth Of Shares

Whilst it may not be a huge deal, we thought it was good to see that the Nitiraj Engineers Limited ( NSE:NITIRAJ...
Analysis Article • Nov 24

Here's What We Think About Nitiraj Engineers' (NSE:NITIRAJ) CEO Pay

Rajesh Bhatwal became the CEO of Nitiraj Engineers Limited (NSE:NITIRAJ) in 2015, and we think it's a good time to...

Shareholder Returns

NITIRAJIN ElectronicIN Market
7D6.4%1.2%-1.4%
1Y10.1%21.9%-1.2%

Return vs Industry: NITIRAJ underperformed the Indian Electronic industry which returned 21.9% over the past year.

Return vs Market: NITIRAJ exceeded the Indian Market which returned -1.2% over the past year.

Price Volatility

Is NITIRAJ's price volatile compared to industry and market?
NITIRAJ volatility
NITIRAJ Average Weekly Movement4.9%
Electronic Industry Average Movement6.7%
Market Average Movement5.7%
10% most volatile stocks in IN Market8.9%
10% least volatile stocks in IN Market3.4%

Stable Share Price: NITIRAJ has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: NITIRAJ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989262Rajesh Bhatwalwww.nitiraj.net

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, hanging, industrial, kitchen, baby weighing, person weighing, adult weighing, and body mass index scales; analytical weighing balances; special application indicators; growth monitoring devices; home automation devices; security solutions; as well as other security and automation products.

Nitiraj Engineers Limited Fundamentals Summary

How do Nitiraj Engineers's earnings and revenue compare to its market cap?
NITIRAJ fundamental statistics
Market cap₹2.39b
Earnings (TTM)₹10.61m
Revenue (TTM)₹464.11m
225.4x
P/E Ratio
5.2x
P/S Ratio

Is NITIRAJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NITIRAJ income statement (TTM)
Revenue₹464.11m
Cost of Revenue₹196.88m
Gross Profit₹267.22m
Other Expenses₹256.62m
Earnings₹10.61m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.03
Gross Margin57.58%
Net Profit Margin2.29%
Debt/Equity Ratio0%

How did NITIRAJ perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 12:22
End of Day Share Price 2026/09/11 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nitiraj Engineers Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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