Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.68 | 10.66 | 11.38 | 9.28 | 12.10 | 13.41 | 10.48 | 19.81 | 13.18 | 15.55 | 16.66 | 15.84 |
| Expenses | 8.39 | 9.88 | 11.19 | 8.54 | 11.66 | 12.51 | 11.07 | 16.58 | 11.06 | 12.15 | 13.05 | 11.52 |
| Operating Profit | 0.29 | 0.78 | 0.19 | 0.74 | 0.44 | 0.90 | -0.59 | 3.23 | 2.12 | 3.40 | 3.61 | 4.32 |
| OPM % | 3.34% | 7.32% | 1.67% | 7.97% | 3.64% | 6.71% | -5.63% | 16.30% | 16.08% | 21.86% | 21.67% | 27.27% |
| Other Income | 0.14 | 0.10 | 0.26 | 0.51 | 1.14 | 0.51 | -0.11 | 0.07 | 0.07 | 0.07 | 0.07 | 0.20 |
| Interest | 0.17 | 0.09 | 0.10 | 0.11 | 0.11 | 0.08 | 0.07 | 0.05 | 0.05 | 0.07 | 0.14 | 0.04 |
| Depreciation | 0.18 | 0.19 | 0.19 | 0.17 | 0.17 | 0.16 | 0.13 | 0.20 | 0.30 | 0.46 | 0.61 | 0.63 |
| Profit before tax | 0.08 | 0.60 | 0.16 | 0.97 | 1.30 | 1.17 | -0.90 | 3.05 | 1.84 | 2.94 | 2.93 | 3.85 |
| Tax % | 25.00% | 25.00% | 43.75% | 21.65% | 15.38% | 19.66% | -3.33% | 26.56% | 29.35% | 25.17% | 33.79% | 24.94% |
| Net Profit | 0.06 | 0.45 | 0.09 | 0.75 | 1.10 | 0.94 | -0.88 | 2.24 | 1.29 | 2.21 | 1.94 | 2.90 |
| EPS in Rs | 0.08 | 0.56 | 0.11 | 0.94 | 1.38 | 1.18 | -1.10 | 2.80 | 1.61 | 2.76 | 2.42 | 3.62 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 0.15 | 15.91 | 25.64 | 39.09 | 47.29 | 65.47 | 61.23 |
| Expenses | 0.13 | 15.05 | 24.38 | 36.95 | 43.76 | 52.85 | 47.78 |
| Operating Profit | 0.02 | 0.86 | 1.26 | 2.14 | 3.53 | 12.62 | 13.45 |
| OPM % | 13.33% | 5.41% | 4.91% | 5.47% | 7.46% | 19.28% | 21.97% |
| Other Income | 0.00 | 0.03 | 0.03 | -0.01 | 0.00 | 0.01 | 0.41 |
| Interest | 0.00 | 0.11 | 0.21 | 0.45 | 0.37 | 0.31 | 0.30 |
| Depreciation | 0.00 | 0.27 | 0.45 | 0.72 | 0.63 | 1.57 | 2.00 |
| Profit before tax | 0.02 | 0.51 | 0.63 | 0.96 | 2.53 | 10.75 | 11.56 |
| Tax % | -250.00% | 39.22% | 31.75% | 28.12% | 24.11% | 28.56% | |
| Net Profit | 0.07 | 0.30 | 0.44 | 0.68 | 1.92 | 7.68 | 8.34 |
| EPS in Rs | 0.47 | 2.00 | 0.83 | 0.85 | 2.40 | 9.60 | 10.41 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 237% | 37% | 10% | ||
| Compounded Profit Growth | % | 156% | 159% | 145% | ||
| Stock Price CAGR | 29% | 40% | 92% | -35% | ||
| Return on Equity | % | 20% | 24% | 41% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 0.75 | 2.65 | 4.00 | 8.00 | 8.00 |
| Reserves | 1.37 | 4.04 | 6.70 | 8.96 | 6.88 | 14.54 |
| Borrowings | 0.00 | 0.97 | 3.29 | 4.47 | 3.17 | 2.77 |
| Other Liabilities | 0.01 | 2.46 | 3.98 | 4.32 | 3.93 | 7.32 |
| Total Liabilities | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.63 |
| Fixed Assets | 0.00 | 0.91 | 2.15 | 3.35 | 5.04 | 9.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.53 |
| Investments | 0.00 | 0.26 | 0.51 | 0.76 | 2.15 | 0.61 |
| Other Assets | 2.13 | 7.05 | 13.96 | 17.64 | 14.79 | 21.76 |
| Total Assets | 2.13 | 8.22 | 16.62 | 21.75 | 21.98 | 32.63 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.16 | 0.19 | -2.12 | -1.11 | 1.50 | 5.80 |
| Cash from Investing Activity | 2.22 | -3.26 | -0.62 | -3.22 | -0.39 | -3.00 |
| Cash from Financing Activity | 0.00 | 2.30 | 5.27 | 3.15 | -0.91 | -1.94 |
| Net Cash Flow | 2.07 | -0.77 | 2.53 | -1.19 | 0.20 | 0.87 |
| Free Cash Flow | -0.16 | -0.31 | -2.84 | -2.55 | -1.47 | 0.80 |
| CFO/OP | -800% | 45% | -151% | -36% | 55% | 63% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 100.25 | 72.60 | 66.76 | 36.35 | 51.01 |
| Inventory Days | 25.35 | 36.54 | 28.34 | 49.53 | 50.78 | |
| Days Payable | 48.79 | 62.25 | 41.16 | 27.91 | 37.55 | |
| Cash Conversion Cycle | 0.00 | 76.81 | 46.88 | 53.95 | 57.98 | 64.23 |
| Working Capital Days | 0.00 | 72.27 | 84.56 | 97.58 | 61.98 | 57.98 |
| ROCE % | 15.74% | 9.13% | 9.44% | 16.57% | 51.01% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% | 66.75% |
| Public | 33.24% | 33.24% | 33.24% | 33.25% | 33.24% | 33.25% | 33.25% | 33.25% | 33.24% | 33.23% | 33.24% | 33.25% |
| No. of Shareholders | 719 | 711 | 792 | 980 | 1,038 | 1,110 | 1,176 | 1,172 | 1,135 | 1,145 | 1,144 | 1,162 |
Fundamentals
Market Cap₹ 192 Cr.
Current Price₹ 240
Stock P/E23.0
Book Value₹ 28.2
ROCE51.0 %
ROE41.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)145%
Consolidated figures.
Valuation
Market capRs 196 Cr
Enterprise valueRs 195 Cr
P/E (TTM)23.49x
Price to book40.89x
Price to sales3.20x
EV / EBITDA14.10x
EV / EBIT16.47x
EV / sales3.19x
Price to cash flow1030.95x
Earnings yield4.26%
Profitability
Operating margin (excl. other income)5.41%
Operating margin (incl. other income)5.59%
EBITDA margin22.64%
Pre-tax margin18.88%
Net profit margin13.62%
Net margin, latest quarter18.31%
ROE8.68%
ROCE15.74%
ROA5.80%
ROIC (approx.)168.04%
Tax rate39.22%
Other income / net worth0.63%
Growth
Sales growth (latest year)10506.67%
Profit growth (latest year)328.57%
Sales growth QoQ-4.92%
Profit growth QoQ49.48%
Sales growth YoY (latest quarter)-20.04%
Profit growth YoY (latest quarter)29.46%
Per share
EPS (TTM)Rs 10.43
EPS (latest year)Rs 4.00
EPS (latest quarter)Rs 3.62
Book value per shareRs 5.99
Sales per shareRs 76.54
Cash flow per shareRs 0.24
Free cash flow per shareRs 1.00
Efficiency
Asset turnover1.94x
Fixed asset turnover17.48x
Inventory turnover14.42x
Inventory days25 days
Debtor days100 days
Debtors turnover3.64x
Creditor days38 days
Cash conversion cycle64 days
Working capital days58 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.20x
Net debt / EBITDA-0.04x
Interest coverage39.53x
Owners' fund to total sources58.27%
Debt to assets11.80%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 1 Cr
Cash from ops / profit, 5 years0.39x
Sales to cash flow83.74x
Statement figures
Net sales (TTM)Rs 61 Cr
Net sales (latest year)Rs 16 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 16 Cr
Share capitalRs 1 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 5 Cr
Total assetsRs 8 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 4 Cr
InventoryRs 1 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.80
Ownership
Promoter holding66.75% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 512103 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.8% | -2.8% | +3.5 pts |
| 1 month | -11.7% | -6.8% | -4.9 pts |
| 3 months | -32.9% | -7.6% | -25.3 pts |
| 3 years | +617.4% | +14.2% | +603.2 pts |
| 5 years | +426.8% | +27.9% | +398.9 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 8% of net profit over the last 2 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹16 Cr -20.0% vs Jun 2025.
Net profit ₹3 Cr +29.5%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Nidhi Granites Ltd?
Nidhi Granites Ltd (512103) has a market capitalisation of Rs 192 Cr. at the 2026-10-01 close.
What is the P/E ratio of Nidhi Granites Ltd?
Nidhi Granites Ltd trades at a P/E of 23.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Nidhi Granites Ltd's latest quarterly results?
In the Jun 2026 quarter, Nidhi Granites Ltd sales was Rs 16 Cr (-20.0% vs Jun 2025) and net profit was Rs 3 Cr.