MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-09-0001516
Market Cap
₹206 Cr
NITIRAJ · NSE
Share Price
₹201.27
-1.10% today
Revenue
₹46.08 Cr
FY 2022-23 · +16.3% YoY
EBITDA
₹3.48 Cr
Margin 7.5%
Net Profit
−₹0.25 Cr
FY 2022-23 · +47.9% YoY
ROE
-0.3%
ROCE 0.4%
Debt / Equity
0.05
Interest cover -160.0x
Authorised capital
₹11 Cr
Registered with MCA
About Nitiraj Engineers Limited
Data last updated:
Nitiraj Engineers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 01 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31909MH1999PLC119231. Its GSTIN is 27AABCN1116E1Z1 (Maharashtra). The company holds 15 GST registrations, of which 8 are active. Its shares are listed on NSE: NITIRAJ.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.25 Cr. It was formerly known as Nitiraj Engineers Private Limited. It is led by directors including Rajesh Raghunath Bhatwal (Managing Director) and Shakuntala Rajesh Bhatwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 306 A Babha Bldgn M Marg Near Police Station, Mumbai, Maharashtra, India – 400011.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹46.41 Cr, a decline of 39.3% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 2.3%) and EBITDA of ₹3.54 Cr (EBITDA margin 7.6%). The net worth stands at ₹82.33 Cr (down 0.6% YoY). Total assets are valued at ₹85.44 Cr (up 0.7% YoY).
The company has about 268 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nitiraj Engineers. As per MCA filings, the company has open charges of ₹33.9 Cr and satisfied charges of ₹6.45 Cr on record. Court records list 1,505 cases involving the company, including 1,493 filed by the company and 6 filed against it; 8 cases are pending. The company has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2024. Its 10 peer companies in the Machinery and Equipment industry (Testing Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Apraava Shimla Smart Meter Private Limited with revenue of ₹88.84 Cr.
Nitiraj Engineers Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-09-0001516). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nitiraj.net.
Company Details of Nitiraj Engineers Limited
CIN L31909MH1999PLC119231
Registration Number 119231
Incorporation Date 01 April 1999
ROC Mumbai
Listing Status Listed (NSE: NITIRAJ)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-09-0001516
CIN History of Nitiraj Engineers Limited
Nitiraj Engineers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31909MH1999PLC119231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31909MH1999PLC119231 | Current |
| U31909MH1999PLC119231 | Previous |
| U31909MH1999PTC119231 | Previous |
Key People
Rajesh Raghunath Bhatwal Managing Director Shakuntala Rajesh Bhatwal Whole-Time Director Yi Hung Sin Whole-Time Director Recognitions & Rankings of Nitiraj Engineers
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address306 A Babha Bldgn M Marg Near Police Station, Mumbai, Maharashtra, India – 400011
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
Comprehensive company report
Nitiraj Engineers Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
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Associated Brands with Nitiraj Engineers Limited
Nitiraj Engineers operates one associated brand: Nitiraj Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronic weighing scales, fare meters, and currency counters are manufactured. | nitiraj.net |
Business Activity of Nitiraj Engineers Limited
The main business activity of Nitiraj Engineers is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Nitiraj Engineers Limited FY 2025-26 filings available
Nitiraj Engineers Limited reported revenue of ₹46.41 Cr (down 39.3% YoY) for FY 2025-26.
Financial Highlights
FY 2022-23 · ConsolidatedRevenue
₹46.08 Cr
+16.3% YoY
EBITDA
₹3.48 Cr
+318.9% YoY
Profit After Tax
−₹0.25 Cr
+47.9% YoY
Net Worth
₹67.58 Cr
-0.2% YoY
Total Assets
₹71.65 Cr
-1.0% YoY
Total Debt
₹3.20 Cr
-19.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 46.08 | 39.63 | 53.40 | 47.86 | 53.88 | 39.44 | 67.81 |
| Revenue growth | +16.3% | -25.8% | +11.6% | -11.2% | +36.6% | -41.8% | - |
| EBITDA | 3.48 | (1.59) | 8.02 | 3.41 | 8.61 | 3.74 | 7.94 |
| EBITDA margin | +7.6% | -4.0% | +15.0% | +7.1% | +16.0% | +9.5% | +11.7% |
| Profit before tax | (0.05) | (4.64) | 4.88 | 3.42 | 8.43 | 4.21 | 6.84 |
| Net profit | (0.25) | (0.48) | 3.55 | 1.76 | 5.70 | 3.05 | 4.59 |
| Net profit margin | -0.5% | -1.2% | +6.7% | +3.7% | +10.6% | +7.7% | +6.8% |
| EPS (₹) | (0.22) | (3.44) | 3.45 | 2.35 | 7.34 | 3.71 | 5.58 |
| Balance sheet | |||||||
| Total assets | 71.65 | 72.35 | 72.75 | 74.56 | 66.80 | 60.78 | 57.62 |
| Net worth | 67.58 | 67.70 | 71.29 | 69.21 | 66.80 | 60.78 | 57.62 |
| Total debt | 3.20 | 3.97 | 0.62 | 5.35 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.85 | 0.81 | 1.97 | 5.22 | 1.60 | 1.41 | 7.55 |
| Net working capital | 26.99 | 27.07 | 27.17 | 26.17 | 29.36 | 17.04 | 17.53 |
| Cash flow | |||||||
| Cash from operations | 0.71 | 1.45 | 1.54 | 9.90 | 15.86 | (2.82) | (4.96) |
| Cash from investing | 0.50 | (5.69) | (4.01) | (10.90) | (15.61) | (3.32) | (2.97) |
| Cash from financing | (1.19) | 2.96 | (0.46) | 4.62 | (0.06) | 0.00 | 14.82 |
| Particulars | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.37 | 11.36 | 15.85 | 7.50 | 13.59 | 12.27 | 8.78 | 4.99 |
| Revenue growth (YoY) | -16.3% | -7.4% | +80.5% | +50.3% | -10.5% | - | - | - |
| Other income | 0.36 | 0.26 | 0.08 | 0.03 | 0.29 | 0.06 | 0.18 | 0.06 |
| EBITDA | 0.94 | 0.89 | 0.80 | 0.60 | (3.53) | 0.97 | 0.67 | 0.31 |
| EBITDA margin | +8.3% | +7.8% | +5.0% | +8.0% | -26.0% | +7.9% | +7.6% | +6.2% |
| Depreciation | 0.96 | 0.92 | 0.91 | 0.89 | 0.88 | 0.78 | 0.75 | 0.72 |
| Interest | 0.04 | 0.08 | 0.07 | 0.14 | 0.15 | 0.13 | 0.14 | 0.08 |
| Profit before tax | 0.30 | 0.15 | (0.10) | (0.40) | (4.27) | 0.12 | (0.04) | (0.43) |
| Tax | 0.30 | (0.20) | 0.19 | (0.10) | (1.17) | 0.04 | 0.05 | (0.01) |
| Net profit | 0.00 | 0.35 | (0.29) | (0.30) | (3.10) | 0.08 | (0.09) | (0.42) |
| EPS (₹) | 0.00 | 0.35 | (0.28) | (0.29) | (3.03) | 0.08 | (0.08) | (0.40) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 46.41 | 76.52 | 100 | 46.08 | 39.63 | 53.40 | 47.86 |
| Revenue growth | -39.4% | -23.8% | +118.0% | +16.3% | -25.8% | +11.6% | - |
| EBITDA | 3.54 | 9.44 | 18.40 | 3.34 | (1.42) | 8.11 | 3.58 |
| EBITDA margin | +7.6% | +12.3% | +18.3% | +7.3% | -3.6% | +15.2% | +7.5% |
| Profit before tax | 1.42 | 6.64 | 15.95 | (0.19) | (4.47) | 4.97 | 3.59 |
| Net profit | 1.07 | 4.58 | 11.89 | (0.01) | (0.31) | 3.64 | 1.91 |
| Net profit margin | +2.3% | +6.0% | +11.8% | -0.0% | -0.8% | +6.8% | +4.0% |
| EPS (₹) | 1.03 | 4.71 | 11.74 | (0.36) | (3.28) | 3.54 | 2.52 |
| Balance sheet | |||||||
| Total assets | 85.44 | 84.88 | 81.70 | 71.65 | 72.87 | 73.10 | 74.82 |
| Net worth | 82.33 | 82.81 | 79.66 | 67.58 | 68.22 | 71.64 | 69.47 |
| Total debt | 0.02 | 0.02 | 0.23 | 3.20 | 3.97 | 0.62 | 5.35 |
| Cash & bank | 3.85 | 2.90 | 2.88 | 0.85 | 0.81 | 1.97 | 5.22 |
| Net working capital | 31.98 | 22.88 | 27.81 | 26.99 | 27.07 | 27.17 | 26.17 |
| Cash flow | |||||||
| Cash from operations | (3.43) | 14.20 | 17.87 | 0.71 | 1.45 | 1.54 | 9.90 |
| Cash from investing | 6.29 | (12.44) | (12.84) | 0.50 | (5.69) | (4.01) | (10.90) |
| Cash from financing | (1.60) | (1.83) | (3.20) | (1.19) | 2.96 | (0.46) | 4.62 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.84 | 8.18 | 11.31 | 16.39 | 10.54 | 22.61 | 37.08 | 12.56 |
| Revenue growth (YoY) | +78.8% | -63.8% | -69.5% | +30.5% | +146.8% | - | - | - |
| Other income | 0.26 | 0.37 | 0.34 | 0.40 | 0.36 | 0.35 | 0.09 | 0.21 |
| Total expenses | 16.88 | 8.48 | 10.20 | 13.68 | 10.52 | 21.86 | 27.46 | 11.86 |
| EBITDA | 1.96 | (0.30) | 1.11 | 2.71 | 0.02 | 0.75 | 9.62 | 0.70 |
| EBITDA margin | +10.4% | -3.7% | +9.8% | +16.5% | +0.2% | +3.3% | +25.9% | +5.6% |
| Depreciation | 0.82 | 0.90 | 0.92 | 0.91 | 0.81 | 0.91 | 0.93 | 0.86 |
| Interest | 0.01 | 0.02 | 0.01 | 0.03 | 0.00 | 0.10 | 0.07 | 0.01 |
| Profit before tax | 1.39 | (0.85) | 0.52 | 2.17 | (0.43) | 0.09 | 8.71 | 0.04 |
| Tax | 0.37 | (0.22) | 0.12 | 0.55 | (0.11) | 0.14 | 2.19 | 0.02 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 20 Oct 2026
| Particulars | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.37 | 11.36 | 15.85 | 7.50 | 13.59 | 12.27 | 8.78 | 4.99 |
| Revenue growth (YoY) | -16.3% | -7.4% | +80.5% | +50.3% | -10.5% | - | - | - |
| Other income | 0.36 | 0.26 | 0.08 | 0.03 | 0.29 | 0.06 | 0.18 | 0.06 |
| EBITDA | 0.94 | 0.89 | 0.80 | 0.60 | (3.53) | 0.97 | 0.67 | 0.31 |
| EBITDA margin | +8.3% | +7.8% | +5.0% | +8.0% | -26.0% | +7.9% | +7.6% | +6.2% |
| Depreciation | 0.96 | 0.92 | 0.91 | 0.89 | 0.88 | 0.78 | 0.75 | 0.72 |
| Interest | 0.04 | 0.08 | 0.07 | 0.14 | 0.15 | 0.13 | 0.14 | 0.08 |
| Profit before tax | 0.30 | 0.15 | (0.10) | (0.40) | (4.27) | 0.12 | (0.04) | (0.43) |
| Tax | 0.30 | (0.20) | 0.19 | (0.10) | (1.17) | 0.04 | 0.05 | (0.01) |
| Net profit | 0.00 | 0.35 | (0.29) | (0.30) | (3.10) | 0.08 | (0.09) | (0.42) |
| EPS (₹) | 0.00 | 0.35 | (0.28) | (0.29) | (3.03) | 0.08 | (0.08) | (0.40) |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 46.08 | 39.63 | 53.40 | 47.86 | 53.88 | 39.44 | 67.81 |
| Revenue growth | +16.3% | -25.8% | +11.6% | -11.2% | +36.6% | -41.8% | - |
| Other income | 0.47 | 0.58 | 0.23 | 1.88 | 1.19 | 2.27 | 0.31 |
| Total expenses | 42.60 | 41.22 | 45.38 | 44.45 | 45.27 | 35.70 | 59.87 |
| Employee cost | 5.24 | 5.45 | 5.30 | 4.73 | 4.05 | 5.45 | 4.85 |
| EBITDA | 3.48 | (1.59) | 8.02 | 3.41 | 8.61 | 3.74 | 7.94 |
| EBITDA margin | +7.6% | -4.0% | +15.0% | +7.1% | +16.0% | +9.5% | +11.7% |
| Depreciation | 3.68 | 3.13 | 3.09 | 1.42 | 1.26 | 1.75 | 0.90 |
| Interest | 0.32 | 0.50 | 0.28 | 0.45 | 0.11 | 0.05 | 0.51 |
| Profit before tax | (0.05) | (4.64) | 4.88 | 3.42 | 8.43 | 4.21 | 6.84 |
| Tax | 0.19 | (1.10) | 1.33 | 1.02 | 2.42 | 1.17 | 2.25 |
| Net profit | (0.25) | (0.48) | 3.55 | 1.76 | 5.70 | 3.05 | 4.59 |
| Net profit margin | -0.5% | -1.2% | +6.7% | +3.7% | +10.6% | +7.7% | +6.8% |
| EPS (₹) | (0.22) | (3.44) | 3.45 | 2.35 | 7.34 | 3.71 | 5.58 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.25 | 10.25 | 10.25 | 10.25 | 8.20 | 8.20 | 8.20 |
| Reserves & surplus | 57.33 | 57.45 | 61.04 | 58.96 | 58.60 | 52.58 | 49.42 |
| Shareholders' funds (net worth) | 67.58 | 67.70 | 71.29 | 69.21 | 66.80 | 60.78 | 57.62 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2.99 | 3.71 | 0.00 | 5.35 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.21 | 0.26 | 0.62 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 3.20 | 3.97 | 0.62 | 5.35 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 71.65 | 72.35 | 72.75 | 74.56 | 66.80 | 60.78 | 57.62 |
| Assets | |||||||
| Gross block | 42.75 | 41.79 | 31.19 | 38.95 | 26.80 | 14.25 | 10.80 |
| Net block | 33.60 | 36.31 | 28.10 | 37.53 | 26.80 | 12.50 | 10.80 |
| Capital work in progress | 1.60 | 1.60 | 11.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.49 | 1.94 | 2.04 | 1.75 | 1.93 | 24.66 | 22.01 |
| Inventories | 23.12 | 15.46 | 13.68 | 14.23 | 17.46 | 12.36 | 11.43 |
| Sundry debtors | 6.52 | 8.25 | 8.83 | 9.72 | 15.38 | 4.19 | 5.42 |
| Cash & bank balances | 0.85 | 0.81 | 1.97 | 5.22 | 1.60 | 1.41 | 7.55 |
| Loans & advances | 4.67 | 7.43 | 8.83 | 0.46 | 0.72 | 2.07 | 0.68 |
| Total current assets | 35.16 | 31.95 | 33.31 | 29.63 | 35.16 | 20.03 | 25.08 |
| Total current liabilities | 8.17 | 4.88 | 6.14 | 3.46 | 5.80 | 2.99 | 7.55 |
| Net working capital | 26.99 | 27.07 | 27.17 | 26.17 | 29.36 | 17.04 | 17.53 |
| Total assets | 71.65 | 72.35 | 72.75 | 74.56 | 66.80 | 60.78 | 57.62 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.27 | 1.55 | 4.48 | 1.60 | 1.41 | 7.55 | 0.65 |
| Net cash from operating activities | 0.71 | 1.45 | 1.54 | 9.90 | 15.86 | (2.82) | (4.96) |
| Net cash from investing activities | 0.50 | (5.69) | (4.01) | (10.90) | (15.61) | (3.32) | (2.97) |
| Net cash from financing activities | (1.19) | 2.96 | (0.46) | 4.62 | (0.06) | 0.00 | 14.82 |
| Net change in cash | 0.02 | (1.28) | (2.93) | 3.62 | 0.19 | (6.14) | 6.90 |
| Closing cash | 0.85 | 0.81 | 1.97 | 5.22 | 1.60 | 1.41 | 7.55 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.3% | -25.8% | +11.6% | -11.2% | +36.6% | -41.8% | - |
| EBITDA growth | +318.9% | -119.8% | +135.2% | -60.4% | +130.2% | -52.9% | - |
| PBT growth | +98.9% | - | +42.7% | -59.4% | +100.2% | -38.5% | -2.7% |
| Net income growth | +47.9% | -113.5% | +101.7% | -69.1% | +86.9% | -33.6% | - |
| Revenue CAGR (3Y) | -1.3% | -9.7% | +10.6% | -11.0% | -4.1% | - | - |
| EBITDA CAGR (3Y) | +0.7% | - | +29.0% | -24.6% | +0.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -0.5% | -8.9% | +6.7% | +5.0% | +11.2% | +7.7% | +6.8% |
| Return on capital employed | +0.4% | -1.5% | +7.0% | +4.2% | +13.4% | +7.2% | +15.3% |
| Return on net worth | -0.4% | -0.7% | +5.0% | +2.6% | +9.4% | +5.1% | +10.3% |
| Debt / equity | 0.05 | 0.03 | 0.04 | 0.04 | 0.00 | 0.00 | 0.08 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -160.00 | -10.59 | 5.68 | 22.61 | 1.50 | 2.51 | 7.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.09 | 1.09 | 1.52 | 1.46 | 2.74 | 3.15 | 6.94 |
| Inventory turnover | 2.39 | 2.72 | 3.83 | 3.02 | 3.61 | 3.32 | 4.34 |
| Debtors turnover | 6.24 | 4.64 | 5.76 | 3.82 | 5.51 | 8.21 | 8.57 |
| EPS (₹) | (0.22) | (3.44) | 3.45 | 2.35 | 7.34 | 3.71 | 5.58 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
| Book value per share (₹) | 65.93 | 66.04 | 69.54 | 67.52 | 81.46 | 74.12 | 70.26 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.84 | 8.18 | 11.31 | 16.39 | 10.54 | 22.61 | 37.08 | 12.56 |
| Revenue growth (YoY) | +78.8% | -63.8% | -69.5% | +30.5% | +146.8% | - | - | - |
| Other income | 0.26 | 0.37 | 0.34 | 0.40 | 0.36 | 0.35 | 0.09 | 0.21 |
| Total expenses | 16.88 | 8.48 | 10.20 | 13.68 | 10.52 | 21.86 | 27.46 | 11.86 |
| EBITDA | 1.96 | (0.30) | 1.11 | 2.71 | 0.02 | 0.75 | 9.62 | 0.70 |
| EBITDA margin | +10.4% | -3.7% | +9.8% | +16.5% | +0.2% | +3.3% | +25.9% | +5.6% |
| Depreciation | 0.82 | 0.90 | 0.92 | 0.91 | 0.81 | 0.91 | 0.93 | 0.86 |
| Interest | 0.01 | 0.02 | 0.01 | 0.03 | 0.00 | 0.10 | 0.07 | 0.01 |
| Profit before tax | 1.39 | (0.85) | 0.52 | 2.17 | (0.43) | 0.09 | 8.71 | 0.04 |
| Tax | 0.37 | (0.22) | 0.12 | 0.55 | (0.11) | 0.14 | 2.19 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 46.41 | 76.52 | 100 | 46.08 | 39.63 | 53.40 | 47.86 |
| Revenue growth | -39.4% | -23.8% | +118.0% | +16.3% | -25.8% | +11.6% | - |
| Other income | 1.48 | 0.91 | 1.00 | 0.47 | 0.58 | 0.23 | 1.88 |
| Total expenses | 42.87 | 67.08 | 82.04 | 42.74 | 41.05 | 45.29 | 44.28 |
| Employee cost | 0.00 | 6.55 | 6.32 | 5.24 | 5.45 | 5.30 | 4.73 |
| EBITDA | 3.54 | 9.44 | 18.40 | 3.34 | (1.42) | 8.11 | 3.58 |
| EBITDA margin | +7.6% | +12.3% | +18.3% | +7.3% | -3.6% | +15.2% | +7.5% |
| Depreciation | 3.54 | 3.51 | 3.36 | 3.68 | 3.13 | 3.09 | 1.42 |
| Interest | 0.06 | 0.20 | 0.09 | 0.32 | 0.50 | 0.28 | 0.45 |
| Profit before tax | 1.42 | 6.64 | 15.95 | (0.19) | (4.47) | 4.97 | 3.59 |
| Tax | 0.35 | 1.80 | 3.90 | 0.19 | (1.10) | 1.33 | 1.02 |
| Net profit | 1.07 | 4.58 | 11.89 | (0.01) | (0.31) | 3.64 | 1.91 |
| Net profit margin | +2.3% | +6.0% | +11.8% | -0.0% | -0.8% | +6.8% | +4.0% |
| EPS (₹) | 1.03 | 4.71 | 11.74 | (0.36) | (3.28) | 3.54 | 2.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 | 10.25 |
| Reserves & surplus | 72.08 | 72.56 | 69.41 | 57.33 | 57.97 | 61.39 | 59.22 |
| Shareholders' funds (net worth) | 82.33 | 82.81 | 79.66 | 67.58 | 68.22 | 71.64 | 69.47 |
| Secured loans | 0.00 | 0.00 | 0.00 | 2.99 | 3.71 | 0.00 | 5.35 |
| Unsecured loans | 0.02 | 0.02 | 0.23 | 0.21 | 0.26 | 0.62 | 0.00 |
| Total debt | 0.02 | 0.02 | 0.23 | 3.20 | 3.97 | 0.62 | 5.35 |
| Total liabilities | 85.44 | 84.88 | 81.70 | 71.65 | 72.87 | 73.10 | 74.82 |
| Assets | |||||||
| Gross block | 55.77 | 50.56 | 45.08 | 42.75 | 41.79 | 31.19 | 34.87 |
| Net block | 36.89 | 35.16 | 32.58 | 33.60 | 36.31 | 28.10 | 33.45 |
| Capital work in progress | 2.13 | 1.86 | 1.60 | 1.60 | 1.60 | 11.15 | 4.08 |
| Investments | 8.25 | 18.72 | 12.30 | 1.49 | 2.46 | 2.39 | 2.01 |
| Inventories | 22.52 | 16.43 | 17.99 | 23.12 | 15.46 | 13.68 | 14.23 |
| Sundry debtors | 4.71 | 6.76 | 12.79 | 6.52 | 8.25 | 8.83 | 9.72 |
| Cash & bank balances | 3.85 | 2.90 | 2.88 | 0.85 | 0.81 | 1.97 | 5.22 |
| Loans & advances | 7.97 | 4.01 | 2.64 | 4.67 | 7.43 | 8.83 | 0.46 |
| Total current assets | 39.05 | 30.10 | 36.30 | 35.16 | 31.95 | 33.31 | 29.63 |
| Total current liabilities | 7.07 | 7.22 | 8.49 | 8.17 | 4.88 | 6.14 | 3.46 |
| Net working capital | 31.98 | 22.88 | 27.81 | 26.99 | 27.07 | 27.17 | 26.17 |
| Total assets | 85.44 | 84.88 | 81.70 | 71.65 | 72.87 | 73.10 | 74.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.05 | 2.13 | 0.29 | 0.27 | 1.55 | 4.48 | 1.60 |
| Net cash from operating activities | (3.43) | 14.20 | 17.87 | 0.71 | 1.45 | 1.54 | 9.90 |
| Net cash from investing activities | 6.29 | (12.44) | (12.84) | 0.50 | (5.69) | (4.01) | (10.90) |
| Net cash from financing activities | (1.60) | (1.83) | (3.20) | (1.19) | 2.96 | (0.46) | 4.62 |
| Net change in cash | 1.27 | (0.08) | 1.84 | 0.02 | (1.28) | (2.93) | 3.62 |
| Closing cash | 3.85 | 2.90 | 2.88 | 0.85 | 0.81 | 1.97 | 5.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -39.4% | -23.8% | +118.0% | +16.3% | -25.8% | +11.6% | - |
| EBITDA growth | -62.5% | -48.7% | +450.9% | +335.2% | -117.5% | +126.5% | - |
| PBT growth | -78.6% | -58.4% | +9998.0% | +95.8% | - | +38.4% | -57.7% |
| Net income growth | -76.6% | -61.5% | - | +96.8% | -108.5% | +90.6% | - |
| Revenue CAGR (3Y) | +0.2% | +24.5% | +23.4% | -1.3% | -9.7% | +11.2% | -6.8% |
| EBITDA CAGR (3Y) | +2.0% | - | +31.4% | -2.3% | - | +29.0% | -23.3% |
| Profitability & leverage | |||||||
| Net income margin | +2.3% | +6.3% | +12.0% | -0.8% | -8.5% | +6.8% | +5.4% |
| Return on capital employed | - | +8.2% | +20.9% | +0.4% | -1.2% | +7.1% | +4.4% |
| Return on net worth | - | +6.0% | +16.4% | 0.0% | -0.4% | +5.1% | +2.8% |
| Debt / equity | - | 0.00 | 0.02 | 0.05 | 0.03 | 0.04 | 0.04 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | - | 3.37 | 0.60 | -94.12 | -10.99 | 5.58 | 20.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.60 | 2.29 | 1.09 | 1.09 | 1.62 | 1.55 |
| Inventory turnover | - | 4.45 | 4.89 | 2.39 | 2.72 | 3.83 | 3.02 |
| Debtors turnover | - | 7.83 | 10.40 | 6.24 | 4.64 | 5.76 | 3.82 |
| EPS (₹) | 1.03 | 4.71 | 11.74 | (0.36) | (3.28) | 3.54 | 2.52 |
| Dividend per share (₹) | 0.00 | 1.50 | 1.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 80.78 | 77.71 | 65.93 | 66.55 | 69.89 | 67.77 |
Want more history and ratios?
You're viewing the latest exchange-filed financials for Nitiraj Engineers Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
Board of Directors of Nitiraj Engineers Limited
Nitiraj Engineers has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranit Anil Bangad | Director | 06 Jan 2022 | 4 Years 9 Months | Current |
| Deepam Pradeep Shah | Director | 06 Jan 2022 | 4 Years 9 Months | Current |
| Rajesh Raghunath Bhatwal | Managing Director | 27 Apr 1999 | 27 Years 5 Months | Current |
| Shakuntala Rajesh Bhatwal | Whole-Time Director | 27 Apr 1999 | 27 Years 5 Months | Current |
| Yi Hung Sin | Whole-Time Director | 01 Jul 2003 | 23 Years 3 Months | Current |
| Anil Nandkishor Bangad | Director | 12 Feb 2025 | 1 Years 8 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison of Nitiraj Engineers Limited
Nitiraj Engineers Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Testing Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apraava Shimla Smart Meter Private Limited | ₹88.84 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| CM Envirosystems Private Limited | ₹85.43 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Sbem Private Limited | ₹83.62 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Khed, Maharashtra, India |
| Bentec Bhartia Engineers Pvt Ltd | ₹80.04 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
| Scope T&M Private Limited | ₹80.04 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Pfeiffer Vacuum (India) Private Limited | ₹74.04 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Secunderabad, Telangana, India |
| Kvtek Power Systems Private Limited | ₹73.91 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Suyash Solutions Private Limited | ₹71.8 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Milhard Sales Private Limited | ₹67.55 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Megger Instruments India Private Limited | ₹64.62 Cr (FY 2025) | •••• | •••• | 232.0% | •••• | Mumbai, Maharashtra, India |
| Nitiraj Engineers Limited this company | ₹46.41 Cr (FY 2026) | •••• | •••• | -39.3% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Nitiraj Engineers by revenue in the Machinery and Equipment industry (Testing Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Nitiraj Engineers Limited
Nitiraj Engineers Limited is audited by Sharp Aarth & Co Llp for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sharp Aarth & Co Llp | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Shareholding Pattern of Nitiraj Engineers Limited
Shareholding for the quarter ended Sep 2026: promoters hold 69.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 30.90%.
Sep 2026
QUARTER
69.10% Promoters
30.90% Retail & Others
Promoter holding - history
Now 69.10% · Sep 2026High 69.10% · Dec 2025Low 69.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 69.10% | 69.10% | 69.10% | 69.10% |
| Public | 30.90% | 30.90% | 30.90% | 30.90% |
Charges & Borrowings of Nitiraj Engineers Limited
Open charges
₹33.9 Cr
Satisfied charges
₹6.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2025 | Others | ₹4.9 Cr | Open |
| 03 Aug 2010 | Hdfc Bank Limited | ₹29 Cr | Open |
| 28 Apr 2000 | State Bank of India | ₹1.45 Cr | Satisfied |
| 28 Apr 2000 | State Bank of India | ₹5 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Nitiraj Engineers Limited
Nitiraj Engineers Limited has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2024.
Total deals
6
Market trades
5
IPO
1
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹1.12 Cr | Seller: Multiplier Share and Stock Advisors Private Limited |
| Aug 2024 | Market trade | ₹1.86 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited |
| Jan 2023 | Market trade | ₹1.64 Cr | Buyer: Rajesh Kolekar Huf, an individual Seller: Rajesh Kolekar Huf, an individual |
| Apr 2022 | Market trade | ₹41.6 Lakh | Seller: Alacrity Securities Limited |
| Feb 2017 | IPO | ₹21.98 Cr | Investors: Public Investors |
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Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Nitiraj Engineers Limited
Nitiraj Engineers Limited has 1,505 court cases on record: 1,493 filed by Nitiraj Engineers, 6 filed against it, 6 where it is another party. 8 cases are pending and 1,497 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Total cases
1,505
Filed by the company
1,493
Filed against the company
6
Pending
8
Disposed
1,497
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,479 | 3 | 0 |
| High courts | 26 | 3 | 8 |
Cases on record (5 of 1,505)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against Apple Weighinfra Limited | Disposed |
| District court, Dhule, Maharashtra | Civil suit | Filed by the company against T.H.E Prop Whiz India Private Limited | Disposed |
| High Court of Orissa | Writ petition | Company is another party | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against State of Tamilnadu | Pending |
| Madras High Court | Writ petition | Filed by the company against State of Tamilnadu | Pending |
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Full case history
All 1,505 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Nitiraj Engineers Limited
Nitiraj Engineers Limited has a workforce of 268 employees as of Apr 03, 2024.
Employee count
268
Active EPFO establishments
3
Employee growth
4.69%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Nitiraj Engineers Limited
Nitiraj Engineers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity on Nitiraj Engineers Limited
Nitiraj Engineers Limited has 20 board changes on record since 1999: 14 appointments and 6 cessations. The latest: Anil Nandkishor Bangad was appointed as Director on 12 Feb 2025.
Charges
A charge with Others amounted to Rs. 4.90 Cr with Charge ID 101210560 was registered on 08 Dec 2025.
AGM
Nitiraj Engineers Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Filing
Nitiraj Engineers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Hdfc Bank Limited of Rs. 29.00 Cr registered on 03 Aug 2010 with Charge ID 10234837 was modified on 27 Mar 2025.
Appointed
Anil Nandkishor Bangad was appointed as Director.
Ceased
Avinash Rajaram Chandsarkar ceased to be Director.
Appointed
Gajendra Sharadchandra Deshmukh was appointed as Whole-Time Director.
Appointed
Pradeep Chandrakant Shah was appointed as Director.
Appointed
Avinash Rajaram Chandsarkar was appointed as Director.
Appointed
Deepam Pradeep Shah was appointed as Director.
Appointed
Pranit Anil Bangad was appointed as Director.
Ceased
Shabbir Sadruddin Masani ceased to be Director.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nitiraj Engineers Limited
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MSME Payment Delays by Nitiraj Engineers Limited
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Subsidiaries & Group Companies of Nitiraj Engineers Limited
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GST Compliance of Nitiraj Engineers Limited
Nitiraj Engineers has 15 GST registrations: 8 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
8
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN1116E1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCN1116E2Z0 | Maharashtra | Active | 22 Jan 2018 |
| 02AABCN1116E3ZB | Himachal Pradesh | Active | 01 Jul 2017 |
| 02AABCN1116E4ZA | Himachal Pradesh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Nitiraj Engineers Limited
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Related news about Nitiraj Engineers Limited
Frequently Asked Questions about Nitiraj Engineers Limited
Nitiraj Engineers is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 01 April 1999 (27+ years old) and is registered under CIN L31909MH1999PLC119231. Listed on NSE: NITIRAJ.
Nitiraj Engineers reported revenue of ₹46.41 Cr for FY 2025-26 (down 39.3% YoY) based on standalone financials.
Nitiraj Engineers has 8 current directors:
- Rajesh Raghunath Bhatwal - Managing Director
- Shakuntala Rajesh Bhatwal - Whole-Time Director
- Yi Hung Sin - Whole-Time Director
- Gajendra Sharadchandra Deshmukh - Whole-Time Director
- Pranit Anil Bangad - Director
- Deepam Pradeep Shah - Director
- Anil Nandkishor Bangad - Director
- Pradeep Chandrakant Shah - Director
The GSTIN of Nitiraj Engineers is 27AABCN1116E1Z1, registered in Maharashtra. The company has 15 GST registrations in all, of which 8 are active and 7 are cancelled or inactive. Other active GSTINs include 27AABCN1116E2Z0 (Maharashtra), 02AABCN1116E3ZB (Himachal Pradesh), 02AABCN1116E4ZA (Himachal Pradesh).
The CIN (Corporate Identification Number) of Nitiraj Engineers is L31909MH1999PLC119231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nitiraj Engineers is listed on NSE with symbol NITIRAJ.
Nitiraj Engineers has 1,505 court cases on record: 1,493 filed by the company and 6 filed against it. 8 are pending. Most are in the district courts.
Nitiraj Engineers was incorporated on 01 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitiraj Engineers has 6 deals on record (5 market trades, 1 ipo); the latest was in August 2024.
The peers of Nitiraj Engineers by revenue are Apraava Shimla Smart Meter Private Limited, CM Envirosystems Private Limited, Sbem Private Limited, Bentec Bhartia Engineers Pvt Ltd, Scope T&M Private Limited and 5 more, all in the Machinery and Equipment industry (Testing Equipment).
Anil Nandkishor Bangad was appointed as Director on 12 Feb 2025. Avinash Rajaram Chandsarkar ceased to be Director on 15 Jan 2025. Gajendra Sharadchandra Deshmukh was appointed as Whole-Time Director on 05 Feb 2024. Nitiraj Engineers has 20 board changes on record in total.