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Nitiraj Engineers Ltd. (NITIRAJ) Stock Price & Analysis
NITIRAJ Stock Chart & Stats
- Day’s Range
- INR 190.00 - INR 199.48
- 52-Week Range
- INR 168.00 - INR 241.00
- Previous Close
- INR 190.20
- Volume
- 5,394
- Average Volume (3M)
- 891
- Market Cap
- INR 2.02B
- Enterprise Value
- INR 1.95B
- Total Cash (Recent Filing)
- INR 108.44M
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 83.9
- Beta
- 0.44
- Next Earnings
- Nov 09, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 16, 2025
- Dividend Yield
- 0.76%
Bulls Say, Bears Say
Bulls Say
Very Low Leverage
Near-zero leverage gives Nitiraj a substantial financial cushion while it manages operating volatility. A strong equity base reduces solvency pressure, preserves borrowing capacity for productive investment, and provides flexibility to sustain the business through weaker demand.
Established Product Breadth
A manufacturing base spanning weighing scales, measurement systems, and related display solutions supports participation across multiple commercial and industrial uses. This product breadth can help preserve customer relevance and create a durable platform for future sales development.
Continuing Positive Earnings
Positive net income despite a severe revenue contraction indicates that the company retained some ability to convert its remaining business into earnings. That earnings base, combined with low leverage, offers a foundation for recovery if demand and operating execution improve.
Bears Say
Sharp Revenue Contraction
The sharp FY2026 revenue decline signals substantial deterioration in demand or execution and weakens the scale supporting the business model. If sustained, lower volume can reduce fixed-cost absorption, constrain investment capacity, and make a durable recovery in earnings more difficult.
Negative Cash Generation
The reversal from positive operating and free cash flow to deeply negative FY2026 figures is a material deterioration in internal funding capacity. Persistent cash burn could require the company to draw on its balance sheet, limiting flexibility and increasing dependence on an operating recovery.
Near-break-even Operations
Operating profit near break-even shows that the recent revenue weakness has largely eroded operating profitability. Thin or negative operating margins leave little buffer against further demand pressure and make earnings more volatile until volume, pricing, or cost performance improves.
Nitiraj Engineers Ltd. News
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Company Description
Nitiraj Engineers Ltd.
Nitiraj Engineers Limited manufactures and sells 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. 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. The company also provides remote pilot training organisation (RPTO) services for drones/UAVs. It markets its products under the Phoenix brand name through regional branches and dealers. The company was incorporated in 1989 and is based in Dhule, India.
- Sector
- General
- Industry
- Hardware, Equipment & Parts
- CEO
- Rajesh Raghunath Bhatwal
- Employees
- 262
- Website
- www.nitiraj.net
- Address
- Plot No J25, J26, Dhule, MH, 424006, IN
Nitiraj Engineers Ltd. (NITIRAJ) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 5 | 10 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 4 | 0 | 8 |
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