Nitiraj Engineers Limited
Nitiraj Engineers Limited is a listed company. It booked ₹11 cr of revenue in its latest quarter (Q4 FY23) and kept -0.0% of sales as profit.
“to deliver innovative solutions with indigenous technology.”
Healthier than 60% of listed companies we score, on the 4 of 6 measures we could read for it. Each measure is ranked against the 2,327–2,858 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 68
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in NITIRAJ?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹11 cr |
| Other Income | ₹17.2 L |
| Total Income | ₹12 cr |
| Cost of Materials | ₹7 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹-2 cr |
| Employee Benefit Expense | ₹2 cr |
| Finance Costs | ₹3.8 L |
| Depreciation & Amortisation | ₹96.3 L |
| Other Expenses | ₹4 cr |
| Total Expenses | ₹11 cr |
| Exceptional Items | ₹18.8 L |
| Profit before Tax | ₹32.2 L |
| Tax Expense | ₹30.5 L |
| Share of JV / Associates | ₹-1.9 L |
| Net Profit | ₹-0.15 L |
| Net margin on total income | -0.0% |
The company made a net loss of ₹0.15 L this quarter — income covered only ₹99 of every ₹100 it spent on costs and tax.
| Metric | Q2 FY23 | Q3 FY23 | Q4 FY23 |
|---|---|---|---|
| Revenue | 16 cr | 11 cr | 11 cr |
| Total income | 16 cr | 12 cr | 12 cr |
| Expenses | 16 cr | 11 cr | 11 cr |
| Profit before tax | -3.4 L | 8.2 L | 32.2 L |
| Tax | 19 L | -20.3 L | 30.5 L |
| Net profit (owners' share) | -28.3 L | 35.7 L | -0.15 L |
| Net margin (owners' share, on revenue) | -1.8% | 3.1% | -0.0% |
| EPS (₹) | -0.28 | 0.35 | 0.00 |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1.5 / share | 16 Sep 2025 |
| Dividend | ₹1.5 / share | 17 Sep 2024 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Mar 2026, the company says it has spent 77% of what it set aside.
“The Company had undertaken a public issue of equity shares aggregating to ₹ 2200.80 Lac pursuant to the Offer Document dated 09th February 2017 (“Public Issue”). The proceeds of the Public Issue were proposed to be utilized towards the objects stated in the Offer Document, including payment of issue expenses. Original Object of the Issue (as per Offer Document) Sr. No. Object Amount (₹ in Lac) 1 Development of new products 525.00 2 Setting up manufacturing Unit for the existing and enrage of products 575.00 3 Expansion of Marketing Network and Brand building 500.00 4 General Corporate Purposes 500.00 5 Issue Expenses 100.80 Total 2200.80 Actual Utilisation of Issue Proceeds The Company has fully utilised the issue proceeds towards all the stated objects except issue expenses, as detailed below: Sr. No. Object Amount (₹ in Lac) 1 Development of new products 525.00 2 Setting up manufacturing Unit for the existing and enrage of products 575.00 3 Expansion of Marketing Network and Brand building 500.00 4 General Corporate Purposes 500.00 5 Issue Expenses 77.88 Total 2177.88 Unutilised Proceeds Due to optimisation of professional fees and other issue-related costs, the actual issue expenses incurred were lower than estimated, resulting in unutilised proceeds of ₹ 22.92 Lakhs, calculated as under: Sr. No. Particulars Amount (₹ in Lac) 1 Issue expenses as per Offer Document 100.80 2 Actual issue expenses incurred 77.88 3 Unutilised issue expenses 22.92 Details of Deviation / Variation (Regulation 32) The Board of Directors, at its meeting held on 30th August 2025, approved the proposal to utilise the unutilised issue expenses amounting to ₹ 22.92 Lakhs towards Expansion of Marketing Network and Brand building, which was one of the original objects of the Public Issue Proposed Revised Utilisation Sr.No. Particulars Amount (₹ in Lacs) 1 Expansion of Marketing Network and Brand building 22.92”the company’s own explanation, as filed · shareholders approved the change
The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing