Nidhi Granites

BSE: NIDHGRN · Other Construction Materials

52W Range₹181 ₹481

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Snapshot

Unlock Nidhi Granites's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nidhi Granites Limited is an Indian company that has transitioned from the granite and stone industry to focus on real estate development and financial investments. The firm currently concentrates on the development of residential and commercial projects alongside managing a portfolio of shares and securities.

Business Model

The company generates revenue by identifying and developing land for residential and commercial real estate projects. Additionally, it maintains a diversified portfolio of financial investments in shares and securities to supplement its income.

Management Commentary

The company is managed by the Thard family, who oversee the strategic shift from manufacturing to real estate and investment activities.

Growth Outlook

Growth is expected to be driven by the identification of new land development opportunities and the performance of the company's financial investment portfolio.

Key Risks

  • Market Volatility. The company's reliance on financial investments exposes it to fluctuations in the equity markets.
  • Real Estate Cyclicality. The real estate sector is highly sensitive to economic cycles, interest rate changes, and regulatory shifts.
  • Execution Risk. As a small-cap entity, the company faces challenges in successfully executing large-scale construction projects and managing project timelines.
  • Concentration Risk. The shift in business model creates a dependency on a limited number of real estate projects and specific investment holdings.

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Key Metrics

REVENUE

₹65 Cr

TTM · consolidated

+44.0%YoY

NET PROFIT

₹8 Cr

TTM · consolidated

+109.3%YoY

EPS

₹10.77

TTM · consolidated

+135.7%YoY

RETURN ON EQUITY

45.7%

TTM · consolidated

+18.4 ppYoY

RETURN ON CAPITAL EMPLOYED

63.5%

TTM · consolidated

+31.0 ppYoY

P/E

34.4x

Q4 FY26 · consolidated

34.4 vs 198.1x5Y avg

EV/EBITDA

14.9x

Q4 FY26 · consolidated

14.9 vs -638.5x5Y avg

EBITDA MARGIN

19.4%

TTM · consolidated

+7.6 ppYoY

NET PROFIT MARGIN

11.6%

Q4 FY26 · consolidated

+3.2 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.13xYoY

Peers · Other Construction Materials

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nidhi GranitesNIDHGRN
₹231 Cr26.8518.1344.0%19.4%45.7%63.5%-1.6%
Midwest Energy LimitedMIDWEST
₹4,831 Cr27.0%+93.4%
Ramco Industries LimitedRAMCOIND
₹2,915 Cr8.8810.4113.8%15.3%7.5%5.9%+9.6%
Arisinfra Solutions LimitedARIS
₹1,237 Cr17.729.4211.0%15.5%23.8%
Everest Industries LimitedEVERESTIND
₹689 Cr-550.321227.41-20.5%0.0%-0.2%5.0%-35.0%

As of Q4 FY26

Financials