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NITIRAJ - Nitiraj Engineer

📊 NSE: NITIRAJ 🏢 Electronics - Components 📅 Last Updated: 12/14/2025 10:34

📢 Recent Corporate Announcements

Nitiraj Engineers Secures ₹8.66 Crore Order from UP Women Welfare Department

🟢 POSITIVE ⭐ 7/10

OTHER 📅 13 Mar 2026, 02:50 PM

Nitiraj Engineers Limited has secured a significant domestic order from the Women Welfare Department in Lucknow, Uttar Pradesh. The contract involves the supply of 58,237 weighing scales under the 'PHOENIX' brand, specifically designed for mother and child care. The total value of the order is ₹8.66 crore, including GST, and must be executed within a 60-day timeframe. This government contract provides strong revenue visibility for the company in the short term.

Total order value of ₹8.66 crore inclusive of GST
Contract for the supply of 58,237 weighing scales (Model: PAS-150)
Awarded by the Women Welfare Department, Lucknow (Uttar Pradesh)
Execution timeline is 60 days from the date of the order
Scales feature LED displays and Lithium batteries for specialized use

💡 Investors should view this as a positive development that strengthens the company's order book and government-sector footprint. Monitor the company's quarterly results to ensure the 60-day execution timeline is met and translated into revenue.

Nitiraj Engineers Shareholders Approve Deviation in Public Issue Proceeds Utilization

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 10 Mar 2026, 06:01 PM

Nitiraj Engineers Limited has received shareholder approval via a postal ballot to deviate from the original utilization plan of its public issue proceeds. The special resolution, which also addressed the reallocation of unutilized issue expenses, was passed with an overwhelming majority of 99.9999%. This regulatory milestone allows the company to repurpose capital originally earmarked for specific IPO-related costs or objectives. The voting process concluded on March 9, 2026, with official results declared on March 10, 2026.

Special Resolution passed to approve deviation/variation in the utilization of public issue proceeds.
Approval granted for the proposed deviation of unutilized issue expenses.
The resolution received 7,912,760 votes (99.9999%) in favor and only 1 vote against.
The voting period ran from February 7, 2026, to March 9, 2026, involving 3,985 total shareholders.

💡 Investors should review upcoming quarterly filings to identify the specific new projects or operational areas where the reallocated IPO funds will be deployed. While the near-unanimous vote shows strong shareholder trust, the change in capital allocation strategy warrants continued monitoring.

Nitiraj Engineers Bags ₹5.32 Crore Order for 9,925 Weighing Scales

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 05 Mar 2026, 04:02 PM

Nitiraj Engineers Limited has secured a domestic contract worth ₹5.32 crore from Linkwell Telesystems Pvt Ltd, Hyderabad. The order entails the supply of 9,925 units of PHOENIX brand weighing scales (Model NEP-100). The project is slated for rapid execution within four weeks of receiving the advance payment. This contract highlights the company's competitive positioning in the industrial weighing equipment segment and provides immediate revenue visibility.

Total order value of ₹5.32 crore including GST from Linkwell Telesystems
Quantity of 9,925 weighing scales to be supplied under the PHOENIX brand
Execution timeline of 4 weeks post-advance payment receipt
Domestic order with no promoter or related party interest

💡 Monitor the timely execution of this order as it provides immediate revenue visibility for the upcoming quarter. Small-cap investors should track if such bulk orders become a recurring trend for the company's growth.

Nitiraj Engineers Q3 Net Profit Plummets 94% YoY to ₹39.42 Lacs

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 04:45 PM

Nitiraj Engineers Limited reported a significant downturn in its financial performance for the quarter ended December 31, 2025. Revenue from operations fell sharply by 69.5% YoY to ₹1,130.69 Lacs compared to ₹3,708.20 Lacs in the previous year. Net profit witnessed a massive collapse of 93.9%, dropping to ₹39.42 Lacs from ₹651.44 Lacs. The nine-month performance also shows a downward trend, with total income falling to ₹3,934.24 Lacs from ₹5,447.21 Lacs in the corresponding period last year.

Revenue from operations decreased by 69.5% YoY to ₹1,130.69 Lacs in Q3 FY26.
Net profit for the quarter plummeted 93.9% YoY to ₹39.42 Lacs from ₹651.44 Lacs.
Earnings per share (EPS) fell drastically to ₹0.38 from ₹6.35 in the same quarter last year.
Profit before tax (PBT) for the quarter stood at ₹51.98 Lacs, down from ₹870.61 Lacs YoY.
Nine-month net profit for the period ended Dec 31, 2025, declined to ₹169.79 Lacs from ₹488.65 Lacs.

💡 Investors should exercise caution given the severe contraction in both top-line and bottom-line growth. It is critical to monitor management's explanation for this sharp decline in operational efficiency and sales volume.

Nitiraj Engineers Q3 Net Profit Crashes 94% YoY to ₹39.42 Lacs

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 04:35 PM

Nitiraj Engineers Limited reported a significant downturn in its financial performance for the quarter ended December 31, 2025. Revenue from operations fell sharply by 69.5% year-on-year to ₹1,130.69 Lacs from ₹3,708.20 Lacs. Net profit for the quarter plummeted by nearly 94% to ₹39.42 Lacs, compared to ₹651.44 Lacs in the same period last year. The nine-month performance also reflects this trend, with net profit dropping to ₹169.79 Lacs from ₹488.65 Lacs in the previous year.

Revenue from operations declined 69.5% YoY to ₹1,130.69 Lacs in Q3 FY26.
Net profit crashed 93.9% YoY to ₹39.42 Lacs from ₹651.44 Lacs.
Earnings Per Share (EPS) fell significantly to ₹0.38 from ₹6.35 in the year-ago quarter.
Nine-month revenue for FY26 stands at ₹3,823.30 Lacs compared to ₹5,391.10 Lacs in 9M FY25.
Profit before tax for the quarter was a mere ₹51.98 Lacs against ₹870.61 Lacs YoY.

💡 The severe decline in both top-line and bottom-line performance is a major concern; investors should look for management's explanation regarding the drop in sales. It is advisable to remain cautious and wait for signs of operational recovery before making new commitments.

Nitiraj Engineers Seeks Approval to Reallocate ₹22.92 Lakhs Unutilized Issue Proceeds

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 06 Feb 2026, 04:31 PM

Nitiraj Engineers Limited has issued a postal ballot notice to seek shareholder approval for a deviation in the utilization of public issue proceeds. The company proposes to reallocate ₹22.92 Lakhs of unutilized issue expenses towards the expansion of its marketing network and brand building. The e-voting period for this special resolution is scheduled from February 7, 2026, to March 9, 2026, with results expected on March 10, 2026. Management asserts that this reallocation will not materially affect the company's financial position and is intended to enhance operational efficiency.

Proposed reallocation of ₹22.92 Lakhs from unutilized public issue expenses.
Funds to be redirected towards Expansion of Marketing Network and Brand building.
Cut-off date for shareholder voting eligibility set for January 30, 2026.
Remote e-voting period runs from February 7, 2026, to March 9, 2026.
Final results of the postal ballot to be announced on March 10, 2026.

💡 Investors should monitor the company's marketing initiatives following this reallocation, though the small financial magnitude makes this a minor event. No immediate portfolio action is required.

Nitiraj Engineers Board Approves Deviation in Utilization of Public Issue Proceeds

🔵 WATCH ⭐ 6/10

REGULATORY 📅 06 Feb 2026, 04:20 PM

Nitiraj Engineers Limited held a board meeting on February 6, 2026, to address the utilization of funds raised through its public issue. The board approved a Postal Ballot Notice to seek shareholder consent for a deviation or variation in the use of these proceeds. Specifically, the company intends to deviate from the original plan regarding unutilized issue expenses. CA Yash Goyal has been appointed as the scrutinizer to oversee the transparency of the upcoming voting process.

Board approved a Postal Ballot Notice for deviation in the utilization of public issue proceeds.
Proposed deviation specifically involves the reallocation of unutilized issue expenses.
CA Yash Goyal appointed as Scrutinizer to ensure a fair and transparent voting process.
The board meeting concluded at 3:50 PM on February 6, 2026.

💡 Investors should carefully review the detailed Postal Ballot Notice once released to understand the reasons for the deviation and how the funds will now be utilized. Monitor if the redirected capital is being moved to value-accretive business activities.

Nitiraj Engineers Submits SEBI Regulation 74(5) Compliance for Quarter Ended Dec 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 06:28 PM

Nitiraj Engineers Limited has filed the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that all dematerialization requests were processed within the mandatory 15-day period. The filing ensures that physical share certificates were properly cancelled and replaced by electronic records in the register of members. This is a standard administrative procedure required by all listed companies in India to maintain shareholding integrity.

Compliance certificate filed for the quarter ended December 31, 2025.
RTA Bigshare Services confirms processing of demat requests within 15 days of receipt.
Physical certificates were mutilated and cancelled after due verification by the depository participant.
Confirms name of depositories substituted in the register of members as registered owners.

💡 This is a routine regulatory filing with no impact on business fundamentals. Investors should continue to monitor the company's operational performance and upcoming earnings reports.

View All NITIRAJ Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations declined by 23.82% YoY to ₹76.52 crore in FY 2025. Segment contribution: Commercial Weighing Scales (41.19%), Health Range Scales (38.56%), Mechanical Range Scales (16.03%), Currency Counting & Home Automation (2.52%), and EMFR & Jewellery Range (1.69%).

Geographic Revenue Split

Not disclosed in available documents, though Maharashtra is identified as a critical market for government tenders and orders.

Profitability Margins

Net Profit margin for FY 2025 was 6.31% (₹4.83 crore profit on ₹76.52 crore revenue). Q3 FY25 PAT margin improved significantly to 17.53% compared to 10.49% in Q3 FY24.

EBITDA Margin

EBIDTA margin for FY 2025 was 12.84% (₹9.83 crore), a decline from 18.13% (₹18.39 crore) in FY 2024, primarily due to a 23.82% contraction in sales volumes.

Capital Expenditure

Property, Plant and Equipment increased by ₹3.45 crore, reaching ₹35.38 crore as of September 30, 2025, compared to ₹31.93 crore in March 2025, driven by factory expansion projects.

Credit Rating & Borrowing

Not disclosed in available documents; however, finance costs for the half-year ended September 30, 2025, were ₹3.60 lakhs.

⚙️ Operational Drivers

Raw Materials

Electronics, software integration components, and precision control systems; total cost of materials consumed was ₹37.64 crore in FY 2025, representing 49.19% of total revenue.

Capacity Expansion

Current capacity not disclosed; however, the company is actively diverting internal resources toward factory expansion projects to support the new Drone Division.

Raw Material Costs

Raw material costs stood at ₹37.64 crore in FY 2025. The company monitors raw material prices regularly to mitigate input cost risk and supply chain volatility.

Manufacturing Efficiency

The company has trained a team of 15 certified internal auditors for ISO 9001:2015 to ensure quality and operational efficiency.

📈 Strategic Growth

Expected Growth Rate

82%

Growth Strategy

Growth will be driven by the new Drone Division acting as a catalyst for product diversification, factory expansion projects, and leveraging existing competencies in electronics and software integration to enter new revenue streams.

Products & Services

Electronic Weighing Scales & Systems, Electronic Currency Counting Machines, Digital Fare Meters, Home & Hotel Automation systems, Mechanical Scales, and Drones.

Brand Portfolio

Nitiraj

New Products/Services

Launch of the Drone Division and Remote Pilot Training Organization (RPTO) are expected to provide significant new revenue streams and R&D synergies.

Market Expansion

Expansion into the drone technology sector and industrial electrical equipment to diversify away from pure weighing technology.

🌍 External Factors

Industry Trends

The industry is shifting toward automation and drone technology; Nitiraj is positioning itself by diversifying into Home/Hotel automation and the Drone sector (RPTO).

Competitive Landscape

Faces competition in weighing scales, addressed through quality differentiation and customer-centric innovation.

Competitive Moat

Durable advantage stems from a strong legacy in weighing technology and integrated electronics/software capabilities, which are now being applied to the high-entry-barrier drone market.

Macro Economic Sensitivity

Highly sensitive to government fiscal policies and election cycles, which directly impact the timing of tenders and infrastructure spending.

Consumer Behavior

Shifts in demand-supply dynamics and rapid technological advancements are monitored as key market risks.

Geopolitical Risks

Fluctuations in the global economy and geopolitical environment are identified as factors that could cause actual performance to vary from projections.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013, Indian Accounting Standards (IND-AS), and specific regulations for Remote Pilot Training Organizations (RPTO).