Annual reportSep 2026
Sep 2026 · Outcome of Board Meeting 4 Sep - Board approved FY26 annual report, AGM notice; AGM on 28 September 2026, book closure 22-28 September.
Source: Nse
Nitiraj Engineers Limited (NITIRAJ)
Small CapIndustrials stocks · Small cap · NSE
Nitiraj Engineers Limited operates in Weighing Systems, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 09:16 am ISTDetails
Quote21 Oct, 09:16 am IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:16 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
40NeutralSMA20 -1.6% / mo · MACD −
Stock trend: 35
Sector RS: 48
Sector 3M: -5.4% vs Nifty 500 -4.4%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NITIRAJD candles · FIT view-1.2%Latest close ₹201.27 on 2026-10-19
Bar
-2.3%
RSI
40
MACD hist
-1.09
52W pos
46%
2026-10-19O ₹205.99H ₹205.99L ₹199.00C ₹201.27Vol 364 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NITIRAJNifty India ManufacturingNifty 500
- NITIRAJ
- -9.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -4.1 pp
Chart stats
19 Oct 2026- From 52W high
- -16.5%
- 52W range position
- 46%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.35x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹199 - ₹234.2
₹241
₹168 - ₹241
₹10
Latest completed session
20-session average
38.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED18
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +78.8% · PAT NDF YoY
Technical
Neutral40
Price trend and sector-relative-strength timing.
Valuation
Legacy model-6251.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +79% YoY · margin expansion · +130% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹18.8 Cr | +78.8% | +130.3% |
| EBITDA | ₹2 Cr | +9700.0% | +753.3% |
| Operating margin | 10.4% | +1021 bps | +1407 bps |
| PAT | ₹1 Cr | NDF | NDF |
| PAT margin | 5.4% | +845 bps | +1323 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 86.30
- P/B
- 2.52
- EV/EBITDA
- 22.93
- Market Cap
- 207.00Cr
Profitability
- ROE
- 0.52%
- ROCE
- 1.17%
- ROA
- 2.58%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -3.00%
- EPS 5Y
- -35.00%
- Revenue 3Y
- -18.33%
- EPS 3Y
- 23.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 78.29×
- Altman Z
- 8.18
- Book Value
- 80.30
Cash Flow
- FCF Yield
- 1.38%
- FCF Positive Y
- 5/5
- OCF
- -3.43 Cr
- EPS TTM
- 2.35
Shareholding
- Promoter Hold
- 69.07%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 47%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 18.8+130.3% vs prev
Net Profit
₹ CrLatest: 1.0+259.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 40.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~1.7% over last month) — short-term momentum negative.
- RSI(14) at 40 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 16% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
64
RS percentile
Stage 1 Base / Transition
1M return
-13.2%
3M return
-9.6%
6M return
-1.8%
1Y return
+5.6%
RS 1D
0
RS 20D
-5
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is within 1.9% of the 30-week proxy.
- The 30-week proxy changed +0.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 102.46-0.07%
RS vs Nifty 500102
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth1/25
Quality0/20
Balance Sheet11/15
Cash Flow6/10
Piotroski
5/9 (+3)
Penalties
-3
Raw sum
18
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
18/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 11/15 to the score.
- Cash flow contributes 6/10 to the score.
- Growth contributes 1/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -6251.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
86.3
PB
2.5
EV/EBITDA
22.9
ROE
0.5%
ROCE
1.2%
FCF Yield
1.4%
Debt/Equity
0.0
MoS
-6251.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
18
Previous: 18
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-6251.5%
Previous: -6291.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
18
18
18
18
18
18
18
18
18
18
18
18
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹65.16
-206.9% MoS
Growth-justified P/E
1.3
Growth-justified Value
₹3.15
-6251.5% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AFFORDABLE
Small
Affordable Robotic & Automation Limited
Industrial Machinery
match 61
35
35.4
6.6%
+24%
WATCHLIST
AERONEU
Small
Aeroflex Neu Limited
Industrial Machinery
match 60
13
1006.0
1.6%
-1870%
OVERVALUED
RVTH
Small
Revathi Equipment India Limited
Industrial Machinery
match 59
40
14.3
8.6%
+64%
WATCHLIST
MAHEPC
Small
Mahindra EPC Irrigation Limited
Industrial Machinery
match 57
19
23.2
7.9%
-441%
OVERVALUED
TRF
Small
TRF Limited
Industrial Machinery
match 57
47
5.1
—
+88%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Nitiraj Engineers Limited operates in Weighing Systems, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 35th percentile within Industrials. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
13 docs text-extracted · 3 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Industrials: 35th pctile, median 68 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
13 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
62
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 69.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.3%.
- ▸5 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-3 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 1.8%.
- ▸ROE is low at 1.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Nitiraj Engineers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2026
Source: Nse
Annual report
Annual Report 2025
Source: Nse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
Concall transcriptDec 2024
Dec 2024 · Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.