Nitiraj Engineer
NSE: NITIRAJ · Consumer Electronics
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Snapshot
Unlock Nitiraj Engineer's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Nitiraj Engineers Ltd manufactures and markets a range of electronic weighing scales, currency counting machines, and taxi fare meters under the Phoenix brand. The company also provides specialized technology solutions for government-led initiatives, such as the Child Growth Monitoring Systems program.
Business Model
The company generates revenue through the manufacturing and sale of electronic hardware, supported by an extensive network of 13 branch offices and 430 dealers. It further diversifies its income through an associate entity that provides software development, IT consulting, and IT-enabled services.
- Branch Offices:13
- Dealers:430
Management Commentary
Management focuses on leveraging its established brand presence to supply advanced data-driven weighing and monitoring systems to state governments. The strategy emphasises expanding its service network across the Middle East and SAARC countries.
Growth Outlook
Growth is expected to be driven by the continued adoption of its Child Growth Monitoring Systems and the expansion of its electronic hardware footprint in international markets. The integration of IT-enabled services into its product offerings provides a potential avenue for value-added revenue streams.
Key Risks
- Market Competition. The electronic weighing and currency counting sector faces intense competition from both domestic and international players, which may pressure profit margins.
- Government Policy Dependency. A significant portion of revenue is tied to government contracts and programs, making the company vulnerable to changes in public spending priorities.
- Technological Obsolescence. Rapid advancements in digital payment and weighing technologies require constant R&D investment to maintain product relevance.
- Geopolitical Risk. Operating across the Middle East and SAARC countries exposes the company to regional economic volatility and regulatory changes in foreign jurisdictions.
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Key Metrics
REVENUE
₹46 Cr
TTM · standalone
NET PROFIT
₹1 Cr
TTM · standalone
EPS
₹1.03
TTM · standalone
RETURN ON EQUITY
1.3%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
1.7%
TTM · standalone
P/E
195.0x
Q4 FY26 · standalone
EV/EBITDA
46.0x
Q4 FY26 · standalone
EBITDA MARGIN
10.8%
TTM · standalone
NET PROFIT MARGIN
-7.8%
Q4 FY26 · standalone
DEBT TO EQUITY
0.0x
Q4 FY26 · standalone
Peers · Consumer Electronics
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Nitiraj EngineerNITIRAJ | ₹234 Cr | 195.05 | 45.97 | -39.3% | 10.8% | 1.3% | 1.7% | +1.2% |
IKIO Technologies LimitedIKIO | ₹1,607 Cr | 30.17 | 15.50 | 34.5% | 16.3% | 8.6% | 12.0% | -10.1% |
Onida Electronics LimitedMIRCELECTR | ₹1,267 Cr | -19.21 | -33.39 | 6.3% | -5.7% | -42.1% | -27.7% | +24.4% |
CWD LimitedCWD | ₹736 Cr | — | — | — | 16.0% | — | — | — |
Universus Photo Imagings LimitedUNIVPHOTO | ₹632 Cr | -30.51 | 34.32 | -5.2% | 95.4% | -2.1% | 2.1% | +90.4% |
Focus Lighting and Fixtures LimitedFOCUS | ₹405 Cr | 63.14 | 19.56 | 14.9% | 10.9% | 4.0% | 6.8% | -40.0% |
As of Q4 FY26
Financials
Nitiraj Engineer
NSE: NITIRAJ · Consumer Electronics
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Nitiraj Engineer's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Nitiraj Engineers Ltd manufactures and markets a range of electronic weighing scales, currency counting machines, and taxi fare meters under the Phoenix brand. The company also provides specialized technology solutions for government-led initiatives, such as the Child Growth Monitoring Systems program.
Business Model
The company generates revenue through the manufacturing and sale of electronic hardware, supported by an extensive network of 13 branch offices and 430 dealers. It further diversifies its income through an associate entity that provides software development, IT consulting, and IT-enabled services.
- Branch Offices:13
- Dealers:430
Management Commentary
Management focuses on leveraging its established brand presence to supply advanced data-driven weighing and monitoring systems to state governments. The strategy emphasises expanding its service network across the Middle East and SAARC countries.
Growth Outlook
Growth is expected to be driven by the continued adoption of its Child Growth Monitoring Systems and the expansion of its electronic hardware footprint in international markets. The integration of IT-enabled services into its product offerings provides a potential avenue for value-added revenue streams.
Key Risks
- Market Competition. The electronic weighing and currency counting sector faces intense competition from both domestic and international players, which may pressure profit margins.
- Government Policy Dependency. A significant portion of revenue is tied to government contracts and programs, making the company vulnerable to changes in public spending priorities.
- Technological Obsolescence. Rapid advancements in digital payment and weighing technologies require constant R&D investment to maintain product relevance.
- Geopolitical Risk. Operating across the Middle East and SAARC countries exposes the company to regional economic volatility and regulatory changes in foreign jurisdictions.
Start your research today
Unlock AI insights, financials, peers and live data on Nitiraj Engineer and 5,000+ companies — free.
Key Metrics
REVENUE
₹46 Cr
TTM · standalone
NET PROFIT
₹1 Cr
TTM · standalone
EPS
₹1.03
TTM · standalone
RETURN ON EQUITY
1.3%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
1.7%
TTM · standalone
P/E
195.0x
Q4 FY26 · standalone
EV/EBITDA
46.0x
Q4 FY26 · standalone
EBITDA MARGIN
10.8%
TTM · standalone
NET PROFIT MARGIN
-7.8%
Q4 FY26 · standalone
DEBT TO EQUITY
0.0x
Q4 FY26 · standalone
Peers · Consumer Electronics
As of Q4 FY26