₹370.95
■ +0 +0.00%
18 Jul 2026
BSE Listed
ESM 1Nidhi Granites Ltd. (512103)
Volume: 0Avg Vol 1W: 212Avg Vol 1M: 41352W Range:₹171.3₹480.75
Key Ratios
Checked 2h agoMarket Cap₹297 Cr
Current Price₹370.95
Previous Close₹370.95
High / Low (52w)₹480.75 / ₹171.3
Volume0
Avg Vol (1W)212
Avg Vol (1M)413
Stock P/E38.64
Book Value₹28.18
Dividend Yield0%
ROE34.06%
ROA23.49%
Revenue (TTM)—
Revenue Growth—
Profit Margin11.78%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹9.6
P/B13.16
Debt / Equity0.16
50 DMA₹367.05
200 DMA₹357.91
Day change+0.00%
SurveillanceESM 1 (as of 2026-07-18)
Price Chart
₹370.95▲ 97.05% · 1Y
2025-07-172026-07-17
20-day avg volume: 404 shares
Pros
- Healthy return on equity of 34.1%.
- Company is almost debt-free.
- Revenue grew 38% YoY.
- Net profit is growing year over year.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9 Cr | ₹12 Cr | ₹13 Cr | ₹10 Cr | ₹20 Cr | ₹13 Cr | ₹16 Cr | ₹17 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net Profit | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹-1 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹16 Cr | ₹26 Cr | ₹39 Cr | ₹47 Cr | ₹65 Cr |
| EBITDA | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹11 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹8 Cr |
| EPS | 0.95 | 4.06 | 4.15 | 0.98 | 2.4 | 9.6 |
Balance Sheet
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Total Assets | ₹2 Cr | ₹8 Cr | ₹17 Cr | ₹22 Cr | ₹22 Cr | ₹33 Cr |
| Total Liabilities | ₹0 Cr | ₹3 Cr | ₹7 Cr | ₹9 Cr | ₹7 Cr | ₹10 Cr |
| Equity | ₹2 Cr | ₹5 Cr | ₹9 Cr | ₹13 Cr | ₹15 Cr | ₹23 Cr |
| Total Debt | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹0 Cr | ₹0 Cr | ₹-2 Cr | ₹-1 Cr | ₹2 Cr | ₹8 Cr |
| Investing | ₹2 Cr | ₹-3 Cr | ₹-1 Cr | ₹-3 Cr | ₹0 Cr | ₹-1 Cr |
| Financing | ₹0 Cr | ₹2 Cr | ₹5 Cr | ₹3 Cr | ₹-1 Cr | ₹-2 Cr |
| Free Cash Flow | ₹0 Cr | ₹0 Cr | ₹-2 Cr | ₹-1 Cr | ₹2 Cr | ₹8 Cr |
Shareholding
Promoter 66.75% Institutions 0% Public 33.25%
Efficiency & Working Capital
ROCE43.7%
Interest Coverage35.7
Dividend Payout—
Debtor Days51 d
Inventory Days35 d
Payable Days26 d
Cash Conversion Cycle60 d
Working Capital Days86 d
Shareholding Details
As of 2026-06-30
Promoter66.8%
FII0%
DII0%
Institutions0%
Public33.2%
Promoter Pledge40.3%
No. of Shareholders1,162
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% | 66.8% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% | 33.2% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 40.3% | 40.3% | 40.3% | 40.3% | 40.3% |
| No. of Shareholders | 719 | 711 | 792 | 980 | 1,038 | 1,110 | 1,176 | 1,172 | 1,135 | 1,145 | 1,144 | 1,162 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Devan Narendra Pandya | Shareholding of Promoter and Promoter Group | 66.8% | 53,40,380 |
| Nayana Balubhai Bhatt | Public Shareholding | 13.5% | 10,82,000 |
| Kala Purvish Diwanji | Public Shareholding | 8.8% | 7,02,493 |
| Nidhi Granites Ltd - Suspense Escrow Demat Account | Public Shareholding | 1.3% | 1,01,911 |
| Darpan Deepak Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shreya Pandya | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kavita Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Devan Narendra Pandya | 21,50,250 | 40.3% | 2026-06-30 |
| Darpan Deepak Shah | 0 | 0% | 2026-06-30 |
| Shreya Pandya | 0 | 0% | 2026-06-30 |
| Kavita Shah | 0 | 0% | 2026-06-30 |
| Kala Purvish Diwanji | 0 | 0% | 2026-06-30 |
| Nayana Balubhai Bhatt | 0 | 0% | 2026-06-30 |
| Nidhi Granites Ltd - Suspense Escrow Demat Account | 0 | 0% | 2026-06-30 |
| Devan Narendra Pandya | 21,50,250 | 40.3% | 2026-03-31 |
| Darpan Deepak Shah | 0 | 0% | 2026-03-31 |
| Shreya Pandya | 0 | 0% | 2026-03-31 |
| Kavita Shah | 0 | 0% | 2026-03-31 |
| Kala Purvish Diwanji | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Devan Pandya | Chairman & Non Executive Dir. | 2026 |
| Darpan Shah | Executive Director & MD | 2026 |
| Shreya Pandya | Non Executive Director | 2026 |
| Amit Sinkar | Independent Non Exe. Director | 2026 |
| Amit Patankar | Independent Non Exe. Director | 2026 |
| Krinisha Sanghvi | Company Sec. & Compli. Officer | 2026 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 10 | 8 | 8 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 0 | 0 | 0 | 0 | 5 | 5 |
| 2026 | 0 | 0 | 0 | 0 | 5 | 5 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 0 |
Substantial Acquisitions (SAST)
1 disclosure(s)
NULL25/02/2025 · 26,80,696
Company Information
Incorporated1981
ChairmanDevan Pandya
AuditorJogin Raval & Associates
Investor Email[email protected]; [email protected]
📍 9 Popat Bapa Shopping Centre, 2nd Flr Station Rd Santacruz-W, Mumbai, Maharashtra, 400054
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