Nitiraj Engineers Limited

About

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.

Key Metrics

as of Sep 2026

Market Cap225 Cr

P/E—

Div Yield0.68 %

Book Value₹65.90

52w High₹241.00

52w Low₹168.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021	Mar 2021	Sep 2020	Jun 2020	Mar 2020	Dec 2019
Sales	11.37	11.36	15.85	7.50	13.59	12.27	8.78	4.99	15.19	11.64	7.07	21.87	26.00
Expenses	10.42	10.28	15.04	6.90	13.93	11.31	8.11	4.68	13.57	10.07	6.77	20.52	23.75
Operating Profit	0.95	1.08	0.81	0.60	-0.34	0.96	0.67	0.31	1.62	1.57	0.30	1.35	2.25
OPM %	8.36	9.51	5.11	8.00	-2.50	7.82	7.63	6.21	10.66	13.49	4.24	6.17	8.65
Other Income	0.36	0.07	0.08	0.03	-2.90	0.06	0.18	0.06	0.14	0.05	0.08	1.83	0.05
Depreciation	0.96	0.92	0.91	0.89	0.88	0.78	0.75	0.72	0.79	0.77	0.75	0.86	0.56
Interest	0.04	0.08	0.07	0.14	0.15	0.13	0.14	0.08	0.04	0.04	0.15	0.27	0.18
Profit before tax	0.31	0.15	-0.09	-0.40	-4.27	0.11	-0.04	-0.43	0.93	0.81	-0.52	2.05	1.56
Tax %	96.77	-133.33	211.11	-25.00	-27.40	36.36	125.00	-2.33	30.11	14.81	0.00	31.22	25.00
Net Profit	0.00	0.36	-0.28	-0.30	-3.11	0.08	-0.09	-0.41	0.66	0.69	-0.52	1.27	1.14
EPS in Rs	0.00	0.35	-0.27	-0.29	-3.03	0.08	-0.09	-0.40	0.64	0.67	-0.51	1.24	1.11

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Sales	46.08	39.63	53.40	47.86	53.88	39.44	67.81	61.06
Expenses	42.59	38.00	45.38	44.43	45.22	35.69	59.86	52.48
Operating Profit	3.49	1.63	8.02	3.43	8.66	3.75	7.95	8.58
OPM %	7.57	4.11	15.02	7.17	16.07	9.51	11.72	14.05
Other Income	0.47	-2.62	0.23	1.88	1.14	2.26	0.31	0.15
Interest	0.32	0.50	0.28	0.45	0.11	0.05	0.51	0.74
Depreciation	3.68	3.13	3.09	1.42	1.26	1.75	0.90	0.95
Profit before tax	-0.04	-4.62	4.88	3.44	8.43	4.21	6.85	7.04
Tax %	475.00	-23.81	27.25	29.65	28.71	27.79	32.85	23.86
Net Profit	-0.23	-3.53	3.54	2.41	6.02	3.04	4.60	5.36
EPS in Rs	-0.22	-3.44	3.45	2.35	5.84	2.95	4.47	7.15
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	3.92	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Equity Capital	10.25	10.25	10.25	10.25	8.20	8.20	8.20	6.00
Reserves	57.33	57.45	61.04	58.96	58.60	52.58	49.42	25.63
Borrowings	3.20	3.97	0.62	5.35	0.00	0.00	0.00	7.19
Other Liabilities	9.04	5.56	7.25	3.89	5.99	3.28	7.55	6.33
Total Liabilities	79.82	77.23	79.16	78.45	72.79	64.06	65.17	45.15
Fixed Assets	33.60	36.31	28.10	37.53	26.80	12.50	10.80	8.73
CWIP	1.60	1.60	11.15	0.00	0.00	0.00	0.00	0.00
Investments	1.49	1.94	2.04	1.75	1.93	24.66	22.01	1.01
Other Assets	43.13	37.38	37.87	39.17	44.06	26.90	32.36	35.41
Total Assets	79.82	77.23	79.16	78.45	72.79	64.06	65.17	45.15

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Cash from Operating Activity	0.71	1.45	1.54	9.90	15.86	-2.84	-4.96	-4.29
Cash from Investing Activity	0.50	-5.69	-4.01	-10.90	-15.61	-3.33	-2.97	-0.80
Cash from Financing Activity	-1.19	2.96	-0.46	4.62	-0.06	0.00	14.82	5.17
Net Cash Flow	0.02	-1.28	-2.93	3.62	0.19	-6.17	6.90	0.07
Free Cash Flow	-0.12	-3.46	-2.47	0.42	1.51	-5.13	-7.59	-5.09
CFO/OP %	20.00	156.00	26.00	289.00	183.00	-76.00	-62.00	-50.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Debtor Days	51.64	75.98	60.35	74.13	104.19	38.78	29.17	62.23
Inventory Days	340.96	260.16	175.08	198.70	239.67	223.01	158.45	264.20
Days Payable	38.34	16.66	29.56	48.31	79.62	53.95	104.66	84.29
Cash Conversion Cycle	354.26	319.49	205.87	224.51	264.25	207.83	82.96	242.13
Working Capital Days	182.34	206.12	170.61	118.90	188.12	144.65	53.77	100.55
ROCE %	0.38	-1.48	7.05	4.20	12.70	4.86	15.26	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07	69.07
FIIs	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00
Public	30.93	30.93	30.93	30.93	30.93	30.88	30.93	30.93	30.93	30.93	30.93	30.93
No. of Shareholders	3,598	3,545	4,013	4,258	4,356	4,571	3,428	2,843	2,062	1,961	1,787	1,430

Corporate Actions

7 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	16 Sep 2025	16 Sep 2025	—	1.50
Other	02 May 2025	02 May 2025	—	—	Extra Ordinary General Meeting
Dividend	17 Sep 2024	17 Sep 2024	—	1.50
Other	17 Sep 2024	—	—	—	Annual General Meeting
Other	18 Sep 2023	—	—	—	Annual General Meeting
Other	22 Sep 2022	—	—	—	Annual General Meeting
Other	20 Sep 2021	—	—	—	Annual General Meeting

Announcements

5 filings

Outcome of Board Meeting
04 Sep 2026 4 Sep - Board approved FY26 annual report, AGM notice; AGM on 28 September 2026, book closure 22-28 September.
Shareholders meeting
04 Sep 2026 4 Sep - Nitiraj Engineers Limited has informed regarding Notice of Annual General Meeting to be held on September 28, 2026
Board Meeting - Intimation
01 Sep 2026 1 Sep - NITIRAJ ENGINEERS LIMITED has informed about Board Meeting to be held on 04-Sep-2026 to consider Other business.
Board Meeting - Other business matters
01 Sep 2026 1 Sep - Board meeting on 4 Sept 2026 to approve annual report, AGM notice, book closure and scrutinizer.
Copy of Newspaper Publication
14 Aug 2026 14 Aug - Newspaper publication of unaudited standalone results for quarter ended 30 June 2026.

Annual Reports

Conference Calls

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