Debut Plus

217.85

+4.81 +2.26%

18 Jul 2026

NSE Listed · Electronics

Nitiraj Engineers Ltd. (NITIRAJ)

Volume: 20,420Avg Vol 1W: 13,529Avg Vol 1M: 5,42852W Range:168236.98
Market Cap₹223 Cr
Current Price₹217.85
Previous Close₹213.04
High / Low (52w)₹236.98 / ₹168
Volume20,420
Avg Vol (1W)13,529
Avg Vol (1M)5,428
Stock P/E
Book Value₹65.93
Dividend Yield72%
ROE-34%
ROA-27.56%
Revenue (TTM)
Revenue Growth16.29%
Profit Margin-47.74%
Total Debt₹0 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹0
P/B3.3
Debt / Equity0.05
50 DMA₹192.44
200 DMA₹195.56
Day change+2.26%
Price Chart
217.85 1.37% · 1Y
2451721.7L
2025-07-18
2026-07-17

20-day avg volume: 5K shares

Pros
  • Pays a dividend yield of 72.0%.
  • Company is almost debt-free.
  • Revenue grew 16% YoY.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2021Sept 2021Dec 2021Mar 2022Jun 2022Sept 2022Dec 2022Mar 2023
Revenue₹5 Cr₹9 Cr₹12 Cr₹14 Cr₹8 Cr₹16 Cr₹11 Cr₹11 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue₹57 Cr₹54 Cr₹41 Cr₹55 Cr₹50 Cr₹54 Cr₹40 Cr₹47 Cr
EBITDA₹8 Cr₹7 Cr₹4 Cr₹9 Cr₹4 Cr₹5 Cr₹-1 Cr₹0 Cr
Net Profit₹5 Cr₹5 Cr₹3 Cr₹6 Cr₹2 Cr₹4 Cr₹-4 Cr₹0 Cr
EPS8.935.613.717.342.353.45-3.44-0.22
Balance Sheet
MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Total Assets₹45 Cr₹65 Cr₹64 Cr₹73 Cr₹78 Cr₹79 Cr₹77 Cr₹80 Cr
Total Liabilities₹14 Cr₹8 Cr₹3 Cr₹6 Cr₹9 Cr₹8 Cr₹10 Cr₹12 Cr
Equity₹32 Cr₹58 Cr₹61 Cr₹67 Cr₹69 Cr₹71 Cr₹68 Cr₹68 Cr
Total Debt
Cash Flow
MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating₹-4 Cr₹-5 Cr₹-3 Cr₹16 Cr₹10 Cr₹2 Cr₹3 Cr₹1 Cr
Investing₹-1 Cr₹-3 Cr₹-3 Cr₹-16 Cr₹-11 Cr₹-4 Cr₹-6 Cr₹0 Cr
Financing₹5 Cr₹15 Cr₹0 Cr₹0 Cr₹5 Cr₹0 Cr₹3 Cr₹-1 Cr
Free Cash Flow₹-4 Cr₹-5 Cr₹-3 Cr₹16 Cr₹10 Cr₹2 Cr₹3 Cr₹1 Cr
Shareholding
Promoter 69.07% Institutions 0% Public 30.93%
Efficiency & Working Capital
ROCE0.4%
Interest Coverage0.9
Dividend Payout
Debtor Days52 d
Inventory Days183 d
Payable Days21 d
Cash Conversion Cycle214 d
Working Capital Days235 d
Shareholding Details

As of 2026-03-31

Promoter69.1%
FII0%
DII0%
Institutions0%
Public30.9%
Promoter Pledge0%
No. of Shareholders3,545
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters69.1%69.1%69.1%69.1%69.1%69.1%69.1%69.1%69.1%69.1%69.1%69.1%
FIIs0%0%0%0%0%0%0%0.1%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public30.9%30.9%30.9%30.9%30.9%30.9%30.9%30.9%30.9%30.9%30.9%30.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,6471,4301,7871,9612,0622,8433,4284,5714,3564,2584,0133,545
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Rajesh Raghunath BhatwalShareholding of Promoter and Promoter Group44.9%46,03,875
Shakuntala Rajesh BhatwalShareholding of Promoter and Promoter Group23.4%23,95,500
Yi Hung SinPublic Shareholding8%8,18,000
Atish KumarPublic Shareholding2.5%2,60,026
Suresh Champalal Kakaria HufPublic Shareholding2.2%2,26,478
Priya Aashish KakariaPublic Shareholding1.4%1,46,821
Meerabai Raghunath BhatwalShareholding of Promoter and Promoter Group0.6%62,375
Prachi Rajesh BhatwalShareholding of Promoter and Promoter Group0.2%15,125
Deepa KhatriShareholding of Promoter and Promoter Group0%3,125
Alok Raghunath BhatwalShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Rajesh Raghunath Bhatwal00%2026-03-31
Meerabai Raghunath Bhatwal00%2026-03-31
Shakuntala Rajesh Bhatwal00%2026-03-31
Deepa Khatri00%2026-03-31
Prachi Rajesh Bhatwal00%2026-03-31
Alok Raghunath Bhatwal00%2026-03-31
Yi Hung Sin00%2026-03-31
Priya Aashish Kakaria00%2026-03-31
Atish Kumar00%2026-03-31
Suresh Champalal Kakaria Huf00%2026-03-31
Rajesh Raghunath Bhatwal00%2025-12-31
Meerabai Raghunath Bhatwal00%2025-12-31
Board of Directors
NameDesignationYear
Rajesh Raghunath BhatwalChairman / Executive Director / MD / CEO2025
Shakuntala Rajesh BhatwalE D & Wholetime Director2025
Yi Hung SinE D & Wholetime Director2025
Gajendra Sharadchandra DeshmukhE D & Wholetime Director2025
Deepam Pradeep ShahIndependent Non Exe. Director2025
Pranit Anil BangadIndependent Non Exe. Director2025
PRADEEP CHANDRAKANT SHAHIndependent Non Exe. Director2025
Anil Nandikishor BangadIndependent Non Exe. Director2025
Deepika Amit DalmiyaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing and selling of electr₹0 Cr
Segments — Geography
RegionRevenueShare
India₹76 Cr99.8%
Outside India₹0 Cr0.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10111010
Corporate Actions
TypeDateValueRemark
dividend2025-09-16₹1.5 (15%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000101
2025000000
2025000101
Company Information
Incorporated1999
ChairmanRajesh Raghunath Bhatwal
AuditorSharp Aarth & Co LLP
Investor Email[email protected]
🌐 www.nitiraj.net

📍 306A Bhabha Building N M Joshi, Marg Delisle Road, Mumbai, Maharashtra, 400011

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