MarketFriction

Niraj Ispat Industries Ltd

NSE NIRAJISPAT · Plastic Products - Consumer
₹300.00 -0.33%
NSE close2026-10-01
52 week range155.00 - 429.65
Market cap₹18.1 Cr.
P/E11.9
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.960.660.670.901.030.791.000.950.980.790.890.89
Expenses0.790.530.640.720.790.600.730.720.710.580.690.84
Operating Profit0.170.130.030.180.240.190.270.230.270.210.200.05
OPM %17.71%19.70%4.48%20.00%23.30%24.05%27.00%24.21%27.55%26.58%22.47%5.62%
Other Income0.200.200.220.230.280.280.280.350.360.370.380.39
Interest0.000.000.000.000.000.000.000.010.000.010.010.01
Depreciation0.040.040.040.040.040.040.040.040.040.040.040.04
Profit before tax0.330.290.210.370.480.430.510.530.590.530.530.39
Tax %30.30%27.59%28.57%27.03%25.00%6.98%41.18%26.42%27.12%26.42%28.30%25.64%
Net Profit0.230.220.160.280.350.410.300.400.430.400.390.30
EPS in Rs3.833.672.674.675.836.835.006.677.176.676.505.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6.837.056.525.965.003.564.875.573.263.723.623.55
Expenses5.435.515.325.044.383.264.093.862.792.822.712.82
Operating Profit1.401.541.200.920.620.300.781.710.470.900.910.73
OPM %20.50%21.84%18.40%15.44%12.40%8.43%16.02%30.70%14.42%24.19%25.14%20.56%
Other Income0.520.730.620.480.600.490.460.700.811.061.461.50
Interest0.310.360.240.250.140.050.060.010.010.010.020.03
Depreciation0.240.300.310.300.300.290.170.170.170.170.150.16
Profit before tax1.371.611.270.850.780.451.012.231.101.782.202.04
Tax %29.93%31.06%24.41%22.35%30.77%24.44%25.74%25.11%27.27%24.72%26.36%
Net Profit0.961.110.960.660.520.350.751.670.811.341.621.52
EPS in Rs18.5016.0011.008.675.8312.5027.8313.5022.3327.0025.34
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-6%0%-13%-6%
Compounded Profit Growth6%36%-1%4%
Stock Price CAGR%%%-9%
Return on Equity9%10%9%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.600.600.600.600.600.600.600.600.600.600.600.60
Reserves4.585.546.657.618.278.799.149.8911.5612.3713.7115.33
Borrowings6.087.096.076.506.313.473.071.371.381.454.564.56
Other Liabilities1.712.432.561.771.121.241.362.201.351.011.231.18
Total Liabilities12.9715.6615.8816.4816.3014.1014.1714.0614.8915.4320.1021.67
Fixed Assets1.862.652.852.542.362.051.801.651.481.301.161.03
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.020.020.230.230.230.230.230.230.240.250.260.26
Other Assets11.0912.9912.8013.7113.7111.8212.1412.1813.1713.8818.6820.38
Total Assets12.9715.6615.8816.4816.3014.1014.1714.0614.8915.4320.1021.67
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.221.01-0.530.102.330.061.23-0.73-0.88-4.12-1.41
Cash from Investing Activity-0.500.000.440.360.600.450.440.690.821.031.43
Cash from Financing Activity0.70-1.380.18-0.44-2.97-0.45-1.760.000.053.11-0.03
Net Cash Flow-0.02-0.370.090.02-0.050.05-0.09-0.050.000.02-0.02
Free Cash Flow-1.170.51-0.53-0.022.340.021.21-0.73-0.87-4.15-1.44
CFO/OP6%90%-14%34%411%67%191%-10%-126%-407%-91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days38.4558.7829.5145.9060.0244.5369.7262.2148.4943.6757.8964.53
Inventory Days17.9951.6934.9023.5511.0334.0943.3731.2530.4259.7754.1573.00
Days Payable99.39190.94149.9698.1256.2498.00159.01201.25128.28157.95172.47197.53
Cash Conversion Cycle-42.95-80.46-85.55-28.6614.81-19.38-45.92-107.79-49.37-54.52-60.43-60.00
Working Capital Days429.99531.73518.25668.98769.81774.531,100.13750.24774.561,433.131,672.921,905.66
ROCE %13.23%14.84%10.77%7.36%6.56%3.90%8.67%17.64%8.01%10.75%11.28%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.58%74.58%74.58%74.58%74.43%74.43%74.42%74.42%74.44%74.44%74.44%74.44%
Public25.42%25.42%25.42%25.42%25.57%25.57%25.58%25.58%25.56%25.56%25.56%25.56%
No. of Shareholders514514515515519525528557668668853882

Fundamentals

Market Cap₹ 18.1 Cr.
Current Price₹ 301
Stock P/E11.9
Book Value₹ 266
ROCE11.3 %
ROE10.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)4%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 23 Cr
P/E (TTM)11.84x
Price to book1.13x
Price to sales5.07x
EV / EBITDA10.16x
EV / EBIT10.95x
EV / sales6.35x
Earnings yield8.44%
P/E, 3-year average11.00x
P/B, 3-year average0.90x
P/E, 5-year average11.00x
P/B, 5-year average0.90x
Profitability
Operating margin (excl. other income)25.14%
Operating margin (incl. other income)65.47%
EBITDA margin62.54%
Pre-tax margin57.46%
Net profit margin42.82%
Net margin, latest quarter33.71%
ROE10.71%
ROCE11.28%
ROA7.76%
ROE, 3-year average8.99%
ROCE, 3-year average9.99%
ROA, 3-year average6.88%
ROE, 5-year average9.83%
ROCE, 5-year average11.26%
ROA, 5-year average7.50%
ROIC (approx.)7.41%
Tax rate26.36%
Other income / net worth9.17%
Growth
Sales growth (latest year)-2.69%
Profit growth (latest year)20.90%
Sales CAGR, 3 years-13.38%
Sales CAGR, 5 years0.33%
Profit CAGR, 3 years-1.01%
Profit CAGR, 5 years35.86%
Sales growth QoQ0.00%
Profit growth QoQ-23.08%
Sales growth YoY (latest quarter)-6.32%
Profit growth YoY (latest quarter)-25.00%
Per share
EPS (TTM)Rs 25.33
EPS (latest year)Rs 27.00
EPS (latest quarter)Rs 5.00
EPS, 3-year averageRs 20.94
EPS, 5-year averageRs 20.63
Book value per shareRs 265.50
Sales per shareRs 59.17
Cash flow per shareRs -23.50
Free cash flow per shareRs -24.00
Efficiency
Asset turnover0.17x
Fixed asset turnover3.51x
Inventory turnover6.29x
Inventory days58 days
Debtor days65 days
Debtors turnover5.66x
Creditor days198 days
Cash conversion cycle-60 days
Working capital days1906 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 0 Cr
Net debtRs 5 Cr
Debt to equity0.29x
Net debt / EBITDA2.05x
Interest coverage103.00x
Owners' fund to total sources73.51%
Debt to assets21.04%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-0.95x
Statement figures
Net sales (TTM)Rs 4 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 5 Cr
Share capitalRs 1 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 22 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 1 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.06
Ownership
Promoter holding74.44% (+0.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodNIRAJISPATNifty 50Difference
1 week+9.2%-2.8% +12.0 pts
1 month-15.5%-6.8% -8.7 pts
3 months+54.0%-7.6% +61.6 pts
6 months+22.3%+0.4% +21.9 pts
1 year-35.2%-9.9% -25.2 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -170% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
lookProfit leans on other income Other income was 66% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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 2026
Sales ₹1 Cr -6.3% vs Jun 2025. Net profit ₹0 Cr -25.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-29Annual General Meeting
2023-09-15Annual General Meeting
2021-09-23 Annual General Meeting
2020-09-17 Annual General Meeting
DateTypeWhat it says
2026-09-03Price movementSignificant movement in price has been observed in Niraj Ispat Industries Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-08-31Price movementSignificant movement in price has been observed in Niraj Ispat Industries Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-08-22Shareholder meetingNiraj Ispat Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-12Board meeting outcomeNiraj Ispat Industries Limited has submitted to the Exchange, Un-Audited Financial Results of the Company for the quarter ended 30th June, 2026.
2026-07-27Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-25Change in ManagementAppointment of M/S Vipin Kumar & Company (Chartered Accountant) as an Internal Auditor of the company for the Financial Year 2026-2027.
2026-07-25Board meeting outcomeOutcome of Board Meeting held on July 25, 2026.
2026-07-17Quarterly Compliance Report Niraj Ispat Industries Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the quarter ended 30th June, 202...
2026-06-25Reply to Clarification- FinaThe Exchange had sought clarification from Niraj Ispat Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI ...
2026-06-18Clarification - Financial ReThe Exchange has sought clarification from Niraj Ispat Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI ...
2026-06-05Disclosure under SEBI TakeovVaidehi Chaudhary has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-05-26Disclosure under SEBI TakeovAnuradha Kanodia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-25Board meeting outcomeNiraj Ispat Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15Structural Digital DatabaseSubmission of Compliance Certificate on Standard Operating Process for ensuringcompliance with Structured Digital Database under SEBI (Prohibition of ...
2026-05-05Disclosure under SEBI TakeovNiraj Chaudhry has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-05Disclosure under SEBI TakeovPickup Suppliers Pvt Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-05-05Disclosure under SEBI TakeovHaryant Stainless steels LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-05-05Disclosure under SEBI TakeovNiraj Chaudhary HUF has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
2026-05-05Disclosure under SEBI TakeovMadhu Chaudhry has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-05Disclosure under SEBI TakeovNiraj Chaudhary Huf has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
2026-05-05Disclosure under SEBI TakeovNiraj Steels LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-04UpdatesNon-applicability of Annual Secretarial Compliance Report under Regulation 24A of theSEBI (Listing Obligations and Disclosure Requirements) Regulation...
2026-04-24UpdatesWith reference to circular No. SEBI/ HO/DDHS/CIR/P 2018/144 DATED 26TH NOVEMBER, 2018 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 DATED 19TH OCTOBER,...
2026-04-08UpdatesPursuant to the Regulation 31(4) of SEBI (SAST) Regulations, 2011, we would like to inform that the following promoters along with their persons actin...
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03