Nitiraj Engineers Ltd Hits 20% Upper Circuit as Net Profit Soars 32,450% QoQ in Q3FY25
Nitiraj Engineers Ltd : In a remarkable turn of events, shares of Nitiraj Engineers Ltd surged by 20% in Thursday’s trading session, touching an upper circuit of ₹256.27 per share. The stock rally was driven by the company’s stellar Q3FY25 earnings, which saw an astonishing 32,450% quarter-on-quarter (QoQ) increase in net profits. On a year-on-year (YoY) basis, net profits skyrocketed by 204%, signaling strong business momentum.
Stock Performance and Price Movement
The micro-cap electronic manufacturing company, known for its weighing scales, currency counting machines, and taxi fare meters, has been a consistent performer in the stock market. As of 11:30 AM, the stock was trading at ₹248 per share, up 16% from the previous close of ₹214.
In terms of long-term returns, the stock has generated:
✅ 52% gains in the past year
✅ 259% returns over three years
✅ 298% growth in the last five years
This impressive rally reflects investors’ confidence in the company’s business prospects and earnings potential.
Q3FY25 Financial Performance: A Stellar Growth Story
The company posted record-breaking quarterly financial results, reinforcing its strong fundamentals and future growth potential.
| Financial Metric | Q3FY25 | Q3FY24 | YoY Growth | Q2FY25 | QoQ Growth |
|---|---|---|---|---|---|
| Revenue from Operations | ₹37.08 Cr | ₹20.25 Cr | +83% | ₹12.56 Cr | +195% |
| Net Profit | ₹6.51 Cr | ₹2.14 Cr | +204% | ₹0.02 Cr | +32,450% |
| EBITDA | ₹9.7 Cr | ₹3.74 Cr | +159% | ₹0.91 Cr | +965.9% |
| EPS (Earnings Per Share) | ₹6.35 | ₹2.09 | +204% | ₹0.02 | Massive Rise |
The sharp surge in net profit and EBITDA indicates operational efficiency and robust demand for its products. This financial turnaround has made Nitiraj Engineers Ltd one of the standout performers in the micro-cap electronics sector.
Company Expansion and Future Prospects
Apart from strong earnings, the company has been making strategic moves to diversify its product portfolio and tap into high-growth markets.
In a December 19, 2024 press release, Nitiraj Engineers Ltd announced its entry into the drone technology sector. The company has received authorization from the Directorate General of Civil Aviation (DGCA) to operate as a Drone-Remote Pilot Training Organization. Furthermore, it has successfully manufactured two drones and completed field trials.
This strategic expansion into drone technology could open new revenue streams and position the company as an emerging player in India’s growing drone industry.
About Nitiraj Engineers Ltd
Nitiraj Engineers Ltd is one of India’s leading electronic weighing scale manufacturers. The company specializes in:
✅ Electronic Weighing Scales & Systems
✅ Currency Counting Machines
✅ Security & Automation Products
With a strong distribution network of 400 dealers across India, the company produces over 100,000 scales annually, serving more than 1 million customers.
Key Financial Ratios & Market Data
| Metric | Value |
|---|---|
| Market Capitalization | ₹255 Cr |
| Current Share Price | ₹249 |
| 52-Week High / Low | ₹303 / ₹152 |
| Stock P/E | 20.7 |
| Book Value | ₹74.6 |
| Dividend Yield | 0.60% |
| Return on Capital Employed (ROCE) | 21.0% |
| Return on Equity (ROE) | 16.1% |
| Debt to Equity Ratio | 0.00 |
| Industry P/E | 50.1 |
| Total Debt | ₹0.17 Cr |
| PEG Ratio | 1.33 |
| Intrinsic Value | ₹125 |
| Graham Number | ₹142 |
| Piotroski Score | 9.00 |
| Price-to-Book Value | 3.35 |
| ROIC (Return on Invested Capital) | 19.8% |
These robust financial ratios indicate strong profitability, zero debt, and high return on capital, making Nitiraj Engineers Ltd an attractive stock for investors looking for growth-oriented micro-cap opportunities.
Conclusion: A Stock to Watch
With record-breaking net profit growth, strong revenue performance, and new business expansions, Nitiraj Engineers Ltd has positioned itself as a high-growth company in the electronics and automation industry.
Investors have rewarded the company’s stellar Q3FY25 performance, driving the stock to its 20% upper circuit. With consistent revenue growth, zero debt, and diversification into drones, the company remains a promising bet for long-term wealth creation.
Will this momentum continue? Only time will tell, but for now, Nitiraj Engineers Ltd is a stock to watch in 2025!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.