company background image
NITIRAJ logo

Nitiraj Engineers NSEI:NITIRAJ Stock Report

Last Price

₹214.55

Market Cap

₹2.2b

7D

-12.5%

1Y

102.8%

Updated

26 Aug, 2024

Data

Company Financials

Nitiraj Engineers Limited

NSEI:NITIRAJ Stock Report

Market Cap: ₹2.2b

NITIRAJ Stock Overview

Manufactures and sells various electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic sectors in India and internationally.

NITIRAJ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

Nitiraj Engineers Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nitiraj Engineers
Historical stock prices
Current Share Price₹214.55
52 Week High₹303.00
52 Week Low₹97.85
Beta0.15
11 Month Change-23.54%
3 Month Change0.28%
1 Year Change102.79%
33 Year Change341.92%
5 Year Change170.90%
Change since IPO280.41%

Recent News & Updates

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

Aug 24
Nitiraj Engineers Limited (NSE:NITIRAJ) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

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

Jun 12
Nitiraj Engineers Limited's (NSE:NITIRAJ) 27% Share Price Surge Not Quite Adding Up

Recent updates

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

Aug 24
Nitiraj Engineers Limited (NSE:NITIRAJ) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

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

Jun 12
Nitiraj Engineers Limited's (NSE:NITIRAJ) 27% Share Price Surge Not Quite Adding Up

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

Sep 19
It's Unlikely That Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Will See A Huge Pay Rise This Year

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

Sep 23
Shareholders May Not Be So Generous With Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Compensation And Here's Why

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

Feb 22
How Much Is Nitiraj Engineers' (NSE:NITIRAJ) CEO Getting Paid?

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

Jan 02
Nitiraj Engineers Limited's (NSE:NITIRAJ) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

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

Dec 07
Insider Buying: The Nitiraj Engineers Limited (NSE:NITIRAJ) Chairman & MD Just Bought ₹1.7m Worth Of Shares

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

Nov 24
Here's What We Think About Nitiraj Engineers' (NSE:NITIRAJ) CEO Pay

Shareholder Returns

NITIRAJIN ElectronicIN Market
7D-12.5%4.4%1.8%
1Y102.8%66.0%45.5%

Return vs Industry: NITIRAJ exceeded the Indian Electronic industry which returned 66% over the past year.

Return vs Market: NITIRAJ exceeded the Indian Market which returned 45.5% over the past year.

Price Volatility

Is NITIRAJ's price volatile compared to industry and market?
NITIRAJ volatility
NITIRAJ Average Weekly Movement5.3%
Electronic Industry Average Movement7.8%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.4%

Stable Share Price: NITIRAJ's share price has been volatile over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
1989259Rajesh Bhatwalwww.nitiraj.net

Nitiraj Engineers Limited manufactures and sells various electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic sectors in India and internationally. It operates through Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales segments. The company offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, person weighing, mother and child weighing, adult weighing, body mass index, and kitchen scales; and analytical weighing balances, special application indicators, currency counting machines, taxi and rickshaw fare meters, and security and access control products.

Nitiraj Engineers Limited Fundamentals Summary

How do Nitiraj Engineers's earnings and revenue compare to its market cap?
NITIRAJ fundamental statistics
Market cap₹2.20b
Earnings (TTM)₹95.15m
Revenue (TTM)₹929.99m

23.1x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NITIRAJ income statement (TTM)
Revenue₹929.99m
Cost of Revenue₹533.09m
Gross Profit₹396.90m
Other Expenses₹301.75m
Earnings₹95.15m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)9.28
Gross Margin42.68%
Net Profit Margin10.23%
Debt/Equity Ratio0.3%

How did NITIRAJ perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

13%

Payout Ratio