Niraj Ispat Industries (NIRAJISPAT)₹215.63+2.50%Plastic Products - Consumer
In the Mar 2026 quarter (standalone), Niraj Ispat Industries reported sales of ₹0.90 Cr, down 10.9% from Mar 2025, and net profit of ₹0.40 Cr, up 37.9% year on year. For the year to Mar 2026, sales were ₹3.63 Cr and net profit ₹1.63 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.98 | 0.97 | 0.67 | 0.68 | 0.91 | 1.04 | 0.80 | 1.01 | 0.96 | 0.99 | 0.80 | 0.90 |
| Expenses | 0.87 | 0.80 | 0.54 | 0.65 | 0.73 | 0.80 | 0.61 | 0.74 | 0.73 | 0.72 | 0.59 | 0.70 |
| Operating Profit | 0.10 | 0.16 | 0.12 | 0.02 | 0.17 | 0.23 | 0.18 | 0.26 | 0.22 | 0.26 | 0.20 | 0.19 |
| OPM % | 11.4% | 17.8% | 19.8% | 4.5% | 20.1% | 23.4% | 24.1% | 27.1% | 24.3% | 27.6% | 26.7% | 22.5% |
| Other Income | 0.21 | 0.21 | 0.21 | 0.23 | 0.24 | 0.29 | 0.29 | 0.29 | 0.36 | 0.37 | 0.38 | 0.39 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.02 | 0.02 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Profit before tax | 0.26 | 0.32 | 0.28 | 0.20 | 0.36 | 0.47 | 0.42 | 0.50 | 0.52 | 0.58 | 0.52 | 0.52 |
| Tax % | 26.0% | 30.4% | 27.6% | 28.7% | 27.1% | 25.0% | 7.0% | 41.2% | 26.5% | 27.2% | 26.5% | 28.4% |
| Net Profit | 0.21 | 0.22 | 0.21 | 0.17 | 0.29 | 0.34 | 0.40 | 0.29 | 0.41 | 0.42 | 0.39 | 0.40 |
| EPS (Rs) | 3.32 | 3.82 | 3.66 | 2.66 | 4.66 | 5.82 | 6.82 | 4.99 | 6.66 | 7.16 | 6.66 | 6.49 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.84 | 7.06 | 6.53 | 5.97 | 5.01 | 3.57 | 4.88 | 5.58 | 3.27 | 3.73 | 3.63 | 3.65 |
| Expenses | 5.45 | 5.53 | 5.34 | 5.05 | 4.40 | 3.27 | 4.10 | 3.87 | 2.80 | 2.83 | 2.72 | 2.74 |
| Operating Profit | 1.39 | 1.53 | 1.19 | 0.91 | 0.61 | 0.29 | 0.77 | 1.70 | 0.46 | 0.89 | 0.90 | 0.87 |
| OPM % | 20.6% | 21.9% | 18.5% | 15.5% | 12.5% | 8.5% | 16.1% | 30.8% | 14.5% | 24.3% | 25.2% | 23.8% |
| Other Income | 0.53 | 0.74 | 0.63 | 0.49 | 0.61 | 0.50 | 0.47 | 0.71 | 0.82 | 1.07 | 1.47 | 1.50 |
| Interest | 0.32 | 0.37 | 0.25 | 0.26 | 0.15 | 0.06 | 0.07 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 |
| Depreciation | 0.25 | 0.31 | 0.32 | 0.31 | 0.31 | 0.30 | 0.18 | 0.18 | 0.18 | 0.18 | 0.16 | 0.20 |
| Profit before tax | 1.36 | 1.60 | 1.26 | 0.84 | 0.77 | 0.44 | 1.00 | 2.22 | 1.09 | 1.77 | 2.19 | 2.14 |
| Tax % | 30.0% | 31.2% | 24.5% | 22.4% | 30.8% | 24.5% | 25.8% | 25.2% | 27.4% | 24.8% | 26.4% | — |
| Exceptional items | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.95 | 1.12 | 0.95 | 0.65 | 0.51 | 0.36 | 0.76 | 1.66 | 0.82 | 1.33 | 1.63 | 1.62 |
| EPS (Rs) | — | 18.47 | 15.97 | 10.99 | 8.65 | 5.82 | 12.47 | 27.77 | 13.48 | 22.30 | 26.97 | 26.97 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 |
| Reserves | 4.59 | 5.55 | 6.66 | 7.62 | 8.28 | 8.80 | 9.15 | 9.90 | 11.56 | 12.37 | 13.70 | 15.34 |
| Borrowings | 6.09 | 7.10 | 6.08 | 6.51 | 6.32 | 3.48 | 3.07 | 1.38 | 1.39 | 1.46 | 4.56 | 4.56 |
| Other Liabilities | 1.71 | 2.41 | 2.56 | 1.77 | 1.12 | 1.24 | 1.35 | 2.20 | 1.34 | 1.00 | 1.22 | 1.17 |
| Total Liabilities | 12.98 | 15.65 | 15.89 | 16.49 | 16.31 | 14.11 | 14.16 | 14.07 | 14.88 | 15.42 | 20.07 | 21.66 |
| Fixed Assets | 1.87 | 2.64 | 2.86 | 2.55 | 2.37 | 2.06 | 1.81 | 1.66 | 1.49 | 1.31 | 1.15 | 1.04 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.24 | 0.25 | 0.25 |
| Other Assets | 11.10 | 13.00 | 12.81 | 13.72 | 13.72 | 11.83 | 12.13 | 12.19 | 13.16 | 13.87 | 18.67 | 20.37 |
| Inventories | 0.22 | 0.50 | 0.38 | 0.25 | 0.11 | 0.25 | 0.25 | 0.26 | 0.24 | 0.29 | 0.28 | 0.35 |
| Trade receivables | 0.70 | 1.09 | 0.56 | 0.81 | 0.97 | 0.60 | 0.67 | 0.82 | 0.73 | 0.38 | 0.58 | 0.63 |
| Cash & equivalents | 0.45 | 0.42 | 0.05 | 0.15 | 0.16 | 0.11 | 0.16 | 0.08 | 0.03 | 0.02 | 0.04 | 0.02 |
| Total Assets | 12.98 | 15.65 | 15.89 | 16.49 | 16.31 | 14.11 | 14.16 | 14.07 | 14.88 | 15.42 | 20.07 | 21.66 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.23 | 1.02 | −0.54 | 0.11 | 2.34 | 0.07 | 1.24 | −0.74 | −0.89 | −4.13 | −1.42 |
| Cash from investing activity | −0.51 | 0.00 | 0.43 | 0.35 | 0.61 | 0.44 | 0.43 | 0.70 | 0.83 | 1.04 | 1.42 |
| Cash from financing activity | 0.69 | −1.37 | 0.17 | −0.43 | −2.96 | −0.44 | −1.75 | 0.00 | 0.04 | 3.07 | −0.02 |
| Net cash flow | −0.03 | −0.38 | 0.10 | 0.03 | −0.06 | 0.06 | −0.10 | −0.06 | 0.00 | −0.03 | −0.03 |
| Capex | 1.07 | 0.51 | 0.00 | 0.13 | 0.00 | 0.05 | 0.03 | 0.00 | 0.00 | 0.04 | 0.04 |
| Free cash flow | −1.16 | 0.50 | −0.52 | −0.01 | 2.33 | 0.01 | 1.20 | −0.72 | −0.86 | −4.13 | −1.43 |
| CFO / OP % | 6.0% | 89.9% | −14.1% | 34.0% | 411.0% | 66.9% | 190.9% | −10.1% | −126.1% | −407.1% | −91.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 38 | 59 | 30 | 46 | 60 | 45 | 70 | 62 | 48 | 44 | 58 | 65 |
| Inventory days | 18 | 52 | 35 | 24 | 11 | 34 | 43 | 31 | 30 | 60 | 54 | 73 |
| Days payable | 99 | 191 | 150 | 98 | 56 | 98 | 159 | 201 | 128 | 158 | 172 | 198 |
| Cash conversion cycle | −43 | −80 | −86 | −29 | 15 | −19 | −46 | −108 | −49 | −55 | −60 | −60 |
| Working capital days | 431 | 533 | 519 | 670 | 771 | 776 | 1,101 | 751 | 776 | 1,434 | 1,674 | 1,907 |
| ROCE % | — | 13.3% | 14.9% | 10.8% | 7.4% | 6.6% | 3.9% | 8.7% | 17.7% | 8.1% | 10.8% | 11.4% |
For the Mar 2026 quarter, Niraj Ispat Industries reported sales of ₹0.90 Cr, down 10.9% year on year and net profit of ₹0.40 Cr, up 37.9% year on year. The operating margin was 22.5%.
Niraj Ispat Industries' sales for the year to Mar 2026 were ₹3.63 Cr; over the last twelve months they were ₹3.65 Cr.
Net profit for the year to Mar 2026 was ₹1.63 Cr, and ₹1.62 Cr over the last twelve months. Earnings per share over the same trailing period were ₹26.97.
Niraj Ispat Industries reported borrowings of ₹4.56 Cr at Mar 2026, against cash and equivalents of ₹0.02 Cr.
Cash from operations was −₹1.42 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.43 Cr.