Nitiraj Engineers Limited (NITIRAJ) Fair Value & Analysis
Technology · IN · Market cap ₹1.9B
Fair value as of: Jul 3, 2026
From 10 valuation models · updated today
Share price −0.4% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹171.55 – ₹221.36 · fair‑value band ₹15.52 – ₹25.87 · the ₹186.60 price screens above the ₹20.69 fair value. As of Jul 3, 2026.
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Nitiraj Engineers Limited (NITIRAJ) currently trades at ₹186.60, while our model-based Fair Value estimate is ₹20.69 — implying the stock looks roughly 88.9% overvalued today. We read business quality at 43/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, Nitiraj Engineers Limited generated revenue of ₹464M at a net margin of 2.3%. Revenue declined 63.8% year over year. It earns a return on equity of 1.3%. The balance sheet holds a net cash position of ₹38.3M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Nitiraj Engineers Limited manufactures and sells various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighing Scales & Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales. It offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial, kitchen, baby weighing, person weighing, adult weighing, and body mass index scales; analytical weighing balances; special application indicators; growth monitoring devices; home automation devices; security solutions; as well as other security and automation products. The company also provides remote pilot training organisation (RPTO) services for drones/UAVs. It markets its products under the Phoenix brand name through regional branches and dealers. The company was incorporated in 1989 and is based in Dhule, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nitiraj Engineers Limited reported revenue of ₹464M in FY2026 versus ₹396M in FY2022, a compound +4.0%/yr. Reported net income was ₹10.6M in FY2026.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.