Nitiraj Engineers (NITIRAJ)₹188.42−3.32%Consumer Electronics
In the Mar 2026 quarter (standalone), Nitiraj Engineers reported sales of ₹8.19 Cr, down 63.8% from Mar 2025, and net profit of −₹0.65 Cr. For the year to Mar 2026, sales were ₹46.49 Cr and net profit ₹1.07 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 | 11.73 | 15.95 | 20.28 | 52.66 | 4.28 | 12.58 | 37.12 | 22.65 | 10.56 | 16.43 | 11.33 | 8.19 |
| Expenses | 9.92 | 13.16 | 16.67 | 42.33 | 5.88 | 11.87 | 27.46 | 21.84 | 10.53 | 13.69 | 10.19 | 8.47 |
| Operating Profit | 1.81 | 2.77 | 3.58 | 10.28 | −1.63 | 0.71 | 9.63 | 0.76 | 0.03 | 2.72 | 1.12 | −0.31 |
| OPM % | 15.5% | 17.4% | 17.7% | 19.6% | −37.9% | 5.6% | 26.0% | 3.3% | 0.2% | 16.6% | 9.9% | −3.7% |
| Other Income | 0.22 | 0.08 | 0.16 | 0.49 | 0.25 | 0.20 | 0.08 | 0.34 | 0.35 | 0.39 | 0.33 | 0.36 |
| Interest | 0.04 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.06 | 0.09 | 0.00 | 0.02 | 0.00 | 0.01 |
| Depreciation | 0.82 | 0.86 | 0.88 | 0.84 | 0.82 | 0.87 | 0.94 | 0.92 | 0.82 | 0.92 | 0.93 | 0.91 |
| Profit before tax | 1.16 | 1.99 | 2.85 | 9.87 | −2.19 | 0.03 | 8.68 | 0.08 | −0.42 | 2.16 | 0.51 | −0.84 |
| Tax % | 24.8% | 20.0% | 25.2% | 25.1% | −25.0% | 50.0% | 25.2% | 155.6% | −25.6% | 25.4% | 23.1% | −25.9% |
| Net Profit | 0.88 | 1.62 | 2.15 | 7.43 | −1.66 | 0.03 | 6.52 | −0.07 | −0.33 | 1.64 | 0.40 | −0.65 |
| EPS (Rs) | 0.84 | 1.56 | 2.08 | 7.22 | −1.60 | 0.01 | 6.33 | −0.05 | −0.30 | 1.58 | 0.37 | −0.61 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61.19 | 58.99 | 38.88 | 53.99 | 47.92 | 53.46 | 39.73 | 46.15 | 101 | 76.66 | 46.49 | 46.51 |
| Expenses | 52.49 | 50.88 | 35.01 | 45.16 | 44.27 | 45.30 | 37.84 | 42.53 | 82.06 | 67.04 | 42.84 | 42.88 |
| Operating Profit | 8.60 | 7.97 | 3.79 | 8.73 | 3.61 | 8.13 | 1.81 | 3.55 | 18.43 | 9.45 | 3.55 | 3.56 |
| OPM % | 14.1% | 13.6% | 9.8% | 16.3% | 7.6% | 15.3% | 4.6% | 7.7% | 18.4% | 12.4% | 7.7% | 7.7% |
| Other Income | 0.14 | 0.30 | 2.25 | 1.13 | 1.87 | 0.22 | −2.61 | 0.27 | 0.99 | 0.90 | 1.47 | 1.43 |
| Interest | 0.73 | 0.50 | 0.04 | 0.10 | 0.44 | 0.27 | 0.49 | 0.31 | 0.08 | 0.19 | 0.05 | 0.03 |
| Depreciation | 0.96 | 0.91 | 1.76 | 1.27 | 1.43 | 3.10 | 3.14 | 3.69 | 3.37 | 3.52 | 3.55 | 3.58 |
| Profit before tax | 7.01 | 6.83 | 4.22 | 8.45 | 3.60 | 4.95 | −4.44 | −0.17 | 15.88 | 6.60 | 1.41 | 1.41 |
| Tax % | 23.9% | 32.9% | 27.6% | 28.6% | 28.3% | 26.8% | −24.7% | 105.6% | 24.5% | 27.2% | 24.7% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | −3.01 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 5.37 | 4.61 | 3.08 | 6.08 | 2.60 | 3.64 | −3.37 | −0.38 | 12.05 | 4.84 | 1.07 | 1.06 |
| EPS (Rs) | 7.12 | 4.46 | 2.97 | 5.87 | 2.52 | 3.53 | −3.27 | −0.35 | 11.72 | 4.69 | 1.02 | 1.04 |
| Dividend payout % | 0.0% | 3.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12.7% | 31.8% | 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 | 1.01 | 6.02 | 8.21 | 8.20 | 8.22 | 10.27 | 10.27 | 10.27 | 10.28 | 10.28 | 10.27 | 10.27 |
| Reserves | 27.05 | 25.64 | 49.40 | 52.57 | 58.64 | 59.18 | 61.37 | 57.95 | 57.29 | 69.36 | 72.52 | 72.07 |
| Borrowings | 2.01 | 7.18 | 0.00 | 0.00 | 0.00 | 5.34 | 0.61 | 3.96 | 3.19 | 0.22 | 0.01 | 0.01 |
| Other Liabilities | 7.02 | 6.33 | 7.52 | 3.27 | 6.02 | 3.92 | 7.29 | 5.57 | 9.05 | 10.67 | 10.21 | 10.79 |
| Total Liabilities | 37.09 | 45.17 | 65.13 | 64.04 | 72.88 | 78.71 | 79.54 | 77.75 | 79.81 | 90.53 | 93.01 | 93.14 |
| Fixed Assets | 12.21 | 8.74 | 10.81 | 12.49 | 26.79 | 33.47 | 28.09 | 36.32 | 33.62 | 32.62 | 35.18 | 39.11 |
| CWIP | 0.51 | 0.00 | 0.00 | 0.00 | 0.00 | 4.09 | 11.19 | 1.61 | 1.61 | 1.61 | 1.87 | 0.00 |
| Investments | 0.00 | 1.00 | 21.98 | 24.66 | 2.00 | 2.00 | 2.38 | 2.45 | 1.48 | 12.28 | 18.69 | 8.24 |
| Other Assets | 24.37 | 35.43 | 32.34 | 26.89 | 44.09 | 39.15 | 37.88 | 37.37 | 43.10 | 44.02 | 37.27 | 45.79 |
| Inventories | 12.99 | 19.89 | 11.45 | 12.38 | 17.50 | 14.25 | 13.71 | 15.48 | 23.16 | 18.02 | 16.45 | 22.55 |
| Trade receivables | 6.23 | 10.44 | 5.44 | 4.20 | 15.43 | 9.75 | 8.85 | 8.27 | 6.53 | 12.83 | 6.78 | 4.72 |
| Cash & equivalents | 0.57 | 0.64 | 7.53 | 1.40 | 1.59 | 5.21 | 1.96 | 0.80 | 0.84 | 2.87 | 2.89 | 3.84 |
| Total Assets | 37.09 | 45.17 | 65.13 | 64.04 | 72.88 | 78.71 | 79.54 | 77.75 | 79.81 | 90.53 | 93.01 | 93.14 |
| Mar 2015 | 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 | −2.95 | −4.30 | −4.97 | −2.81 | 15.90 | 9.91 | 1.55 | 1.46 | 0.72 | 17.91 | 14.22 | −3.44 |
| Cash from investing activity | −1.77 | −0.81 | −2.98 | −3.34 | −15.62 | −10.89 | −4.02 | −5.70 | 0.51 | −12.85 | −12.46 | 6.30 |
| Cash from financing activity | 1.49 | 5.19 | 14.86 | 0.00 | −0.07 | 4.63 | −0.47 | 2.97 | −1.20 | −3.21 | −1.84 | −1.61 |
| Net cash flow | −3.20 | 0.06 | 6.89 | −6.15 | 0.18 | 3.63 | −2.94 | −1.29 | 0.03 | 1.83 | −0.09 | 1.28 |
| Capex | 1.77 | 0.81 | 2.64 | 2.34 | 14.40 | 10.65 | 4.05 | 5.32 | 0.87 | 2.44 | 6.38 | 5.51 |
| Free cash flow | −4.69 | −5.07 | −7.56 | −5.07 | 1.50 | 0.41 | −2.46 | −3.44 | −0.11 | 15.49 | 7.83 | −8.83 |
| CFO / OP % | −16.0% | −50.0% | −62.0% | −74.0% | 182.0% | 275.0% | 25.0% | 141.0% | 20.0% | 108.0% | 160.0% | −82.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 52 | 62 | 34 | 39 | 104 | 74 | 60 | 76 | 52 | 46 | 32 | 37 |
| Inventory days | 218 | 265 | 159 | 224 | 241 | 200 | 176 | 261 | 342 | 114 | 163 | 426 |
| Days payable | 26 | 84 | 105 | 54 | 80 | 48 | 30 | 17 | 38 | 16 | 20 | 42 |
| Cash conversion cycle | 244 | 243 | 88 | 209 | 265 | 226 | 207 | 320 | 355 | 144 | 175 | 421 |
| Working capital days | 112 | 101 | 62 | 147 | 188 | 119 | 171 | 206 | 182 | 90 | 93 | 280 |
| ROCE % | 21.6% | 22.6% | 15.3% | 7.2% | 12.8% | 4.4% | 7.1% | −1.2% | 0.5% | 21.0% | 8.0% | 1.8% |
For the Mar 2026 quarter, Nitiraj Engineers reported sales of ₹8.19 Cr, down 63.8% year on year and net profit of −₹0.65 Cr. The operating margin was −3.7%.
Nitiraj Engineers' sales for the year to Mar 2026 were ₹46.49 Cr; over the last twelve months they were ₹46.51 Cr.
Net profit for the year to Mar 2026 was ₹1.07 Cr, and ₹1.06 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.04.
Nitiraj Engineers reported borrowings of ₹0.01 Cr at Mar 2026, against cash and equivalents of ₹3.84 Cr.
Cash from operations was −₹3.44 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹8.83 Cr.