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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nitiraj Engineers Ltd

About the Company - Nitiraj Engineers Ltd

Nitiraj Engineers Ltd. is a Public Limited Listed company incorporated on 01/04/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31909MH1999PLC119231 and registration number is 119231. Currently Company is involved in the business activities of Manufacturing. Company’s Total Operating Revenue is Rs. 39.63 Cr. and Equity Capital is Rs. 10.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/Components306 A Babha Building, Mumbai Maharashtra 400011investor@nitiraj.net
http://www.nitiraj.net
Management
NamePosition Held
Mr. Rajesh Raghunath BhatwalChairman & Managing Director
Mrs. Shakuntala Rajesh BhatwalWhole Time Director
Mr. Yi Hung SinWhole Time Director
Mr. Pranit Anil BangadIndependent Director
Mr. Deepam Pradeep ShahIndependent Director
Mr. Avinash Rajaram ChandsarkarIndependent Director

Basic Stock Data of Nitiraj Engineers Ltd

Last Updated: June 17, 2024, 8:20 pm

Market Cap 247 Cr.
Current Price 241
High / Low256/77.2
Stock P/E
Book Value 65.9
Dividend Yield0.00 %
ROCE0.38 %
ROE0.35 %
Face Value 10.0
PEG Ratio0.00

Competitors of Nitiraj Engineers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cosmo Ferrites Ltd 217 Cr. 180314/141 25.20.00 %5.12 %5.18 % 10.0
BCC Fuba India Ltd 98.0 Cr. 64.081.5/29.526.0 12.70.00 %15.9 %21.4 % 10.0
PG Electroplast Ltd 8,372 Cr. 3,2083,290/1,43662.1 3990.00 %18.7 %18.8 % 10.0
MIC Electronics Ltd 1,175 Cr. 53.059.8/22.8242 3.290.00 %1.41 %0.41 % 2.00
Industry Average2,465.50 Cr876.2582.53110.050.00%10.28%11.45%8.00

Nitiraj Engineers Ltd Quarterly Results

MonthDec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales26.0021.877.0711.6415.194.998.7812.2713.597.5015.8511.3611.37
Expenses23.7520.526.7710.0713.574.688.1111.3113.936.9015.0410.2810.42
Operating Profit2.251.350.301.571.620.310.670.96-0.340.600.811.080.95
OPM %8.65%6.17%4.24%13.49%10.66%6.21%7.63%7.82%-2.50%8.00%5.11%9.51%8.36%
Other Income0.051.830.080.050.140.060.180.06-2.900.030.080.070.36
Interest0.180.270.150.040.040.080.140.130.150.140.070.080.04
Depreciation0.560.860.750.770.790.720.750.780.880.890.910.920.96
Profit before tax1.562.05-0.520.810.93-0.43-0.040.11-4.27-0.40-0.090.150.31
Tax %25.00%31.22%0.00%14.81%30.11%2.33%-125.00%36.36%27.40%25.00%-211.11%-133.33%96.77%
Net Profit1.141.27-0.520.690.66-0.41-0.090.08-3.11-0.30-0.280.360.00
EPS in Rs1.111.24-0.510.670.64-0.40-0.090.08-3.03-0.29-0.270.350.00

Last Updated: June 10, 2024, 4:56 am

Nitiraj Engineers Ltd Quarterly Chart

Nitiraj Engineers Ltd Profit & Loss

Last Updated: May 30, 2024, 11:22 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales61.0667.8139.4453.8847.8653.4039.6346.08
Expenses52.4859.8635.6945.2244.4345.3838.0042.59
Operating Profit8.587.953.758.663.438.021.633.49
OPM %14.05%11.72%9.51%16.07%7.17%15.02%4.11%7.57%
Other Income0.150.312.261.141.880.23-2.620.47
Interest0.740.510.050.110.450.280.500.32
Depreciation0.950.901.751.261.423.093.133.68
Profit before tax7.046.854.218.433.444.88-4.62-0.04
Tax %23.86%32.85%27.79%28.71%29.65%27.25%23.81%-475.00%
Net Profit5.364.603.046.022.413.54-3.53-0.23
EPS in Rs7.154.472.955.842.353.45-3.44-0.22
Dividend Payout %0.00%3.92%0.00%0.00%0.00%0.00%0.00%0.00%

Nitiraj Engineers Ltd Profit & Loss Yearly Chart

Nitiraj Engineers Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:-1%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:49%
Stock Price CAGR
10 Years:%
5 Years:30%
3 Years:72%
1 Year:197%
Return on Equity
10 Years:%
5 Years:3%
3 Years:1%
Last Year:0%

Last Updated: June 17, 2024, 2:50 pm

Nitiraj Engineers Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital6.008.208.208.2010.2510.2510.2510.25
Reserves25.6349.4252.5858.6058.9661.0457.4557.33
Borrowings7.190.000.000.005.350.623.973.20
Other Liabilities6.337.553.285.993.897.255.569.04
Total Liabilities45.1565.1764.0672.7978.4579.1677.2379.82
Fixed Assets8.7310.8012.5026.8037.5328.1036.3133.60
CWIP0.000.000.000.000.0011.151.601.60
Investments1.0122.0124.661.931.752.041.941.49
Other Assets35.4132.3626.9044.0639.1737.8737.3843.13
Total Assets45.1565.1764.0672.7978.4579.1677.2379.82

Nitiraj Engineers Ltd Reserves and Borrowings Chart

Nitiraj Engineers Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4.29-4.96-2.8415.869.901.541.450.71
Cash from Investing Activity -0.80-2.97-3.33-15.61-10.90-4.01-5.690.50
Cash from Financing Activity 5.1714.820.00-0.064.62-0.462.96-1.19
Net Cash Flow0.076.90-6.170.193.62-2.93-1.280.02

Nitiraj Engineers Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62.2329.1738.78104.1974.1360.3575.9851.64
Inventory Days264.20158.45223.01239.67198.70175.08260.16340.96
Days Payable84.29104.6653.9579.6248.3129.5616.6638.34
Cash Conversion Cycle242.1382.96207.83264.25224.51205.87319.49354.26
Working Capital Days143.5353.77144.65188.12159.70172.18241.86207.13
ROCE %15.26%4.86%12.70%4.20%7.05%-1.48%0.38%

Nitiraj Engineers Ltd Financial Efficiency Indicators Chart

Nitiraj Engineers Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%
Public30.93%30.93%30.93%30.93%30.93%30.94%30.93%30.93%30.93%30.93%30.93%30.93%
No. of Shareholders5068459811,2611,3551,6151,5481,5421,6411,6471,4301,787

Nitiraj Engineers Ltd Shareholding Pattern Chart

No. of Nitiraj Engineers Ltd Shareholders

This stock is not held by any mutual fund

Nitiraj Engineers Ltd ROCE Trend

Nitiraj Engineers Ltd EPS Trend

Nitiraj Engineers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.22-3.443.452.357.34
Diluted EPS (Rs.)-0.22-3.443.452.357.34
Cash EPS (Rs.)3.41-0.216.363.918.93
Book Value[Excl.RevalReserv]/Share (Rs.)65.9266.0470.9767.5281.46
Book Value[Incl.RevalReserv]/Share (Rs.)65.9266.0470.9767.5281.46
Revenue From Operations / Share (Rs.)44.9538.6652.5046.6965.70
PBDIT / Share (Rs.)3.912.317.835.3412.01
PBIT / Share (Rs.)0.31-0.745.013.9610.48
PBT / Share (Rs.)0.01-4.344.803.5210.34
Net Profit / Share (Rs.)-0.17-3.273.552.527.40
NP After MI And SOA / Share (Rs.)-0.22-3.443.452.357.34
PBDIT Margin (%)8.695.9714.9111.4418.27
PBIT Margin (%)0.71-1.939.558.4715.94
PBT Margin (%)0.01-11.249.147.5415.73
Net Profit Margin (%)-0.39-8.476.755.4011.26
NP After MI And SOA Margin (%)-0.49-8.906.575.0311.16
Return on Networth / Equity (%)-0.34-5.214.863.489.00
Return on Capital Employeed (%)0.47-1.117.035.8212.82
Return On Assets (%)-0.28-4.564.503.078.26
Total Debt / Equity (X)0.040.050.000.070.00
Asset Turnover Ratio (%)0.580.500.680.630.78
Current Ratio (X)3.163.704.683.366.06
Quick Ratio (X)1.111.932.151.753.05
Inventory Turnover Ratio (X)1.451.432.011.421.99
Interest Coverage Ratio (X)12.574.7836.2412.2789.26
Interest Coverage Ratio (Post Tax) (X)0.430.6717.426.7955.99
Enterprise Value (Cr.)74.7677.6346.6956.9736.13
EV / Net Operating Revenue (X)1.621.960.861.190.67
EV / EBITDA (X)18.6532.795.8210.403.67
MarketCap / Net Operating Revenue (X)1.581.890.911.190.70
Price / BV (X)1.071.100.670.820.56
Price / Net Operating Revenue (X)1.581.890.911.190.70
EarningsYield0.00-0.040.070.040.15

Nitiraj Engineers Ltd Profitability Ratios (%)

Nitiraj Engineers Ltd Liquidity Ratios

Nitiraj Engineers Ltd Liquidity Ratios (%)

Nitiraj Engineers Ltd Interest Coverage Ratios (%)

Nitiraj Engineers Ltd Valuation Ratios

Fair Value

Fair Value: 3.53

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 98.54% compared to the current price 241

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 2.39

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 99.01% compared to the current price ₹241

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -32.35%

*Investments are subject to market risks

Strength and Weakness of Nitiraj Engineers Ltd Stock

StrengthWeakness
  1. The company has higher reserves (52.63 cr) compared to borrowings (2.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (51.15 cr) and profit (3.77 cr) over the years.
  1. The stock has a low average ROCE of 5.37%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 163.87, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 237.66, which may not be favorable.

FAQ

What is the latest fair value of Nitiraj Engineers Ltd?

The latest fair value of Nitiraj Engineers Ltd is ₹3.53.

What is the Market Cap of Nitiraj Engineers Ltd?

The Market Cap of Nitiraj Engineers Ltd is 247 Cr..

What is the current Stock Price of Nitiraj Engineers Ltd as on 19 June 2024?

The current stock price of Nitiraj Engineers Ltd as on 19 June 2024 is ₹241.

What is the High / Low of Nitiraj Engineers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Nitiraj Engineers Ltd stocks is 256/77.2.

What is the Stock P/E of Nitiraj Engineers Ltd?

The Stock P/E of Nitiraj Engineers Ltd is .

What is the Book Value of Nitiraj Engineers Ltd?

The Book Value of Nitiraj Engineers Ltd is 65.9.

What is the Dividend Yield of Nitiraj Engineers Ltd?

The Dividend Yield of Nitiraj Engineers Ltd is 0.00 %.

What is the ROCE of Nitiraj Engineers Ltd?

The ROCE of Nitiraj Engineers Ltd is 0.38 %.

What is the ROE of Nitiraj Engineers Ltd?

The ROE of Nitiraj Engineers Ltd is 0.35 %.

What is the Face Value of Nitiraj Engineers Ltd?

The Face Value of Nitiraj Engineers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nitiraj Engineers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE