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Nitiraj Engineers Limited

NSEI:NITIRAJ Stock Report

Market Cap: ₹2.3b

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

Nitiraj Engineers Management

Management criteria checks 2/4

Nitiraj Engineers' CEO is Rajesh Bhatwal, appointed in Sep 2015, has a tenure of 27.42 years. total yearly compensation is ₹7.61M, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 45.88% of the company’s shares, worth ₹1.08B. The average tenure of the management team and the board of directors is 11 years and 4.8 years respectively.

Key information

Rajesh Bhatwal

Chief executive officer

₹7.6m

Total compensation

CEO salary percentage74.95%
CEO tenure11yrs
CEO ownership45.9%
Management average tenure11yrs
Board average tenure4.8yrs

Recent management updates

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...

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...

CEO Compensation Analysis

How has Rajesh Bhatwal's remuneration changed compared to Nitiraj Engineers's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

₹24m

Mar 31 2026₹8m₹6m

₹11m

Dec 31 2025n/an/a

₹16m

Sep 30 2025n/an/a

₹78m

Jun 30 2025n/an/a

₹62m

Mar 31 2025₹4m₹2m

₹48m

Dec 31 2024n/an/a

₹123m

Sep 30 2024n/an/a

₹79m

Jun 30 2024n/an/a

₹95m

Mar 31 2024₹4m₹2m

₹120m

Dec 31 2023n/an/a

₹46m

Sep 30 2023n/an/a

₹28m

Jun 30 2023n/an/a

₹9m

Mar 31 2023₹4m₹2m

-₹2m

Dec 31 2022n/an/a

-₹33m

Sep 30 2022n/an/a

-₹36m

Jun 30 2022n/an/a

-₹34m

Mar 31 2022₹4m₹2m

-₹35m

Dec 31 2021n/an/a

₹2m

Sep 30 2021n/an/a

₹29m

Jun 30 2021n/an/a

₹36m

Mar 31 2021₹4m₹2m

₹35m

Dec 31 2020n/an/a

₹35m

Sep 30 2020n/an/a

₹14m

Jun 30 2020n/an/a

₹13m

Mar 31 2020₹4m₹2m

₹24m

Compensation vs Market: Rajesh's total compensation ($USD79.63K) is above average for companies of similar size in the Indian market ($USD43.84K).

Compensation vs Earnings: Rajesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Rajesh Bhatwal (62 yo)

11yrs
Tenure
₹7,605,000
Compensation

Mr. Rajesh Raghunath Bhatwal has been Managing Director at Nitiraj Engineers Limited since September 30, 2015 and is its Chief Executive Officer and also has been its Chairman and its Founder. He has an ex...


Leadership Team

NamePositionTenureCompensationOwnership
Rajesh Bhatwal
Founder11yrs₹7.61m45.88%
₹ 1.1b
Ashishkumar Sharma
Chief Financial Officer2.3yrs₹721.00kno data
Shakuntala Bhatwal
Whole-Time Executive Woman Director27.4yrs₹3.05m23.37%
₹ 545.8m
Hung Sin Huanyi
Whole-Time Director23.2yrs₹2.93m7.98%
₹ 186.4m
Gajendra Sharadchandra Deshmukh
Executive Director and Head of Government & Institutional Business Salesno data₹6.18m0.073%
₹ 1.7m
Prachi Bhatwal
Executive Presidentno data₹999.00kno data
Swati Samant
Chief Operating Officerno datano datano data
Soni Karwa
Company Secretary & Compliance Officerless than a yearno datano data
Ajay Bhatwal
General Manager of Marketingno data₹2.81mno data
Kamlesh Tayal
Head of Procurementno datano datano data
Moeen Akhtar Ahmad
Head of Research & Developmentno datano datano data
11.0yrs
Average Tenure
58yo
Average Age

Experienced Management: NITIRAJ's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajesh Bhatwal
Founder27.4yrs₹7.61m45.88%
₹ 1.1b
Shakuntala Bhatwal
Whole-Time Executive Woman Director27.4yrs₹3.05m23.37%
₹ 545.8m
Hung Sin Huanyi
Whole-Time Director23.2yrs₹2.93m7.98%
₹ 186.4m
Gajendra Sharadchandra Deshmukh
Executive Director and Head of Government & Institutional Business Sales2.6yrs₹6.18m0.073%
₹ 1.7m
Anil Bangad
Non-Executive Independent Director1.6yrsno datano data
Pradeep Shah
Independent Director Non-Executive Director2.6yrsno datano data
Deepam Shah
Independent Non-Executive Director4.8yrsno datano data
Pranit Bangad
Independent Non-Executive Director4.8yrsno datano data
4.8yrs
Average Tenure
61.5yo
Average Age

Experienced Board: NITIRAJ's board of directors are considered experienced (4.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/22 16:37
End of Day Share Price 2026/09/22 00:00
Earnings2026/06/30
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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