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Last Updated on: 22 February, 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

Nitiraj Engineers Ltd. Share Price Update

Share PriceValue
Today₹181.45
Previous Day₹178.40

Basic Stock Data of Nitiraj Engineers Ltd

Market Cap 172 Cr.
Current Price 167
High / Low196/66.2
Stock P/E
Book Value 65.9
Dividend Yield0.00 %
ROCE0.38 %
ROE0.35 %
Face Value 10.0

Data Source: screener.in

Competitors of Nitiraj Engineers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
McNally Bharat Engineering Company Ltd 118 Cr. 5.567.23/2.90 1770.00 %28.3 %% 10.0
Thejo Engineering Ltd 2,183 Cr. 2,0282,299/1,12645.6 2050.10 %20.8 %18.1 % 10.0
Pitti Engineering Ltd 2,352 Cr. 734749/25631.5 1130.39 %18.2 %19.0 % 5.00
Mazda Ltd 574 Cr. 1,4341,661/59517.5 4840.99 %21.0 %15.4 % 10.0
Somi Conveyor Beltings Ltd 120 Cr. 102117/32.225.8 58.10.00 %7.92 %5.31 % 10.0
Industry Average163.2 Cr168.9124.08207.420.3%19.24%11.56%9

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

Nitiraj Engineers Ltd Quarterly Chart

Nitiraj Engineers Ltd Profit & Loss

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:35%
3 Years:56%
1 Year:155%
Return on Equity
10 Years:%
5 Years:3%
3 Years:1%
Last Year:0%

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

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

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 of Nitiraj Engineers Ltd Stock

Fair Value: ₹3.53

The stock is overvalued by 97.89% compared to the current price ₹167

*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 is trading at a high valuation with an average P/B ratio of 3.80 and average Dividend Yield of 6.55%.
  2. The stock has a low average ROCE of 5.37%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 163.87, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 237.66, which may not be favorable.

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