Nitiraj Engineers Share Price Target 2025, 2026, 2030, 2040, 2050
Nitiraj Engineers Ltd. is an Indian company that manufactures electronic weighing scales, currency-counting machines, and fare meters under Phoenix. The company was founded in 1989 and is based in Dhule, Maharashtra. It sells its products to shops, hospitals, and government offices across India and nearby countries.
This blog will provide the details of Nitiraj Engineers Share Price targets as far as 25 years from now (2025 – 2050) based on its fundamentals, market position, and growth potential.
What is Nitiraj Engineers Ltd NSE: NITIRAJ?
Nitiraj Engineers Ltd. is known for creating high-quality equipment and solutions for infrastructure, construction, and manufacturing. The company also makes special weighing machines for government schemes’ child growth monitoring projects. It has a vast network of branches and dealers. Nitiraj recently opened new units to expand its business and continues to offer reliable machines for industries like jewelry, healthcare, and automation.
Fundamental Data
| Metric | Value |
|---|---|
| Market Cap | ₹ 298 Cr. |
| High / Low | ₹ 350 / 152 |
| Stock P/E | 24.2 |
| Industry P/E | 50.6 |
| Book Value | ₹ 74.6 |
| Price to Book Value | 3.86 |
| Dividend Yield | 0.48% |
| ROCE | 21.0% |
| ROE | 16.1% |
| EPS | ₹ 12.0 |
| Promoter Holding | 69.1% |
| Debt | ₹ 0.17 Cr. |
| Debt to Equity | 0.00 |
| PEG Ratio | 1.56 |
| Net Profit | ₹ 12.3 Cr. |
| PBT Ann | ₹ 15.9 Cr. |
| Current Liabilities | ₹ 8.65 Cr. |
| Current Assets | ₹ 41.1 Cr. |
| Net Cash Flow (PY) | ₹ 0.02 Cr. |
| Graham Number | ₹ 142 |
| ROE 5Yr Variation | 12.3% |
Peer Comparisons
| S.No. | Name | P/E | Market Cap ₹ Cr. | Dividend Yield % | Net Profit (Qtr) ₹ Cr. | Qtr Profit Var % | Sales (Qtr) ₹ Cr. | Qtr Sales Var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Honeywell Auto | 56.02 | 29790.81 | 0.30 | 132.10 | 3.28 | 1090.80 | 1.85 | 19.85 |
| 2 | Syrma SGS Tech. | 51.82 | 7307.52 | 0.33 | 53.00 | 224.93 | 869.20 | 22.99 | 9.84 |
| 3 | Cyient DLM | 49.74 | 3215.51 | 0.00 | 15.58 | -15.51 | 357.30 | 11.29 | 14.08 |
| 4 | Centum Electron | – | 1615.96 | 0.47 | -19.30 | -155.45 | 281.34 | -5.65 | 10.11 |
| 5 | Kernex Microsys. | 283.98 | 1391.53 | 0.00 | 7.13 | 183.88 | 36.81 | 342.96 | -21.09 |
| 6 | Aimtron | 50.83 | 902.60 | 0.00 | 11.18 | – | 57.69 | 33.94 | 34.40 |
| 7 | Sahasra Electro. | 26.03 | 849.75 | 0.00 | 6.75 | – | 41.25 | – | 65.05 |
| 8 | Nitiraj Engineer | 24.24 | 298.31 | 0.48 | 6.51 | 204.21 | 37.08 | 83.11 | 21.00 |
| Period | Share Price (INR) |
|---|---|
| Before 1 Year | ₹175.30 |
| Before 6 Months | ₹224.72 |
| Before 5 Years | ₹61.40 |
| All-Time Max | ₹350 |
The company makes weighing machines, currency counting machines, and taxi meters. The company’s business is growing in jewelry, hospitals, and the automation sector. Demand for digital machines will boost the company’s growth in the coming days. The price may fluctuate tomorrow, but the long-term growth potential remains strong.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| Tomorrow | -36 from today’s price | +58 from today’s price |
NITIRAJ Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase NITIRAJ and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
Nitiraj Engineers Ltd is one of India’s leading manufacturers of Electronic Weighing Scales, Currency Counting Machines, and Digital Fare Meters. The company sells its products under the well-known Phoenix Brand. It works with state governments on Child Growth Monitoring Systems and exports products to SAARC Countries and the Middle East. The company’s business is expected to grow with the rising demand for electronic machines.
Our analysis shows that the share price is expected to be between Rs 110 and Rs 425.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 110 | 425 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 110 | 200 |
| February | 130 | 230 |
| March | 150 | 250 |
| April | 170 | 275 |
| May | 190 | 300 |
| June | 210 | 325 |
| July | 230 | 350 |
| August | 250 | 375 |
| September | 275 | 390 |
| October | 300 | 400 |
| November | 350 | 415 |
| December | 375 | 425 |
By 2026, The company is likely to expand its business further. The company sells products like Home and hotel Automation and Health Measurement Products to both homes and businesses. It has built a new Dhule Factory with modern machines like pick-and-place, which will help with large-scale production. The company’s online presence on platforms like Amazon and partnerships in foreign markets will help it reach more customers.
Our analysis shows that the share price is expected to be between Rs 295 and Rs 650.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2026 | 295 | 650 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 295 | 400 |
| February | 310 | 425 |
| March | 330 | 450 |
| April | 350 | 475 |
| May | 375 | 500 |
| June | 400 | 525 |
| July | 420 | 550 |
| August | 450 | 575 |
| September | 475 | 600 |
| October | 500 | 620 |
| November | 525 | 635 |
| December | 550 | 650 |
The company will focus on innovation and technology in the coming years. The company has developed advanced products with great accuracy, such as the Wireless Platform Weighing Scale and Electromagnetic Weighing Balances. It also launched an Alarm System under its Security Products category. The growing demand for such products will boost the company’s revenue.
Our analysis shows that the share price is expected to be between Rs 1,125 and Rs 1,565.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2030 | 1125 | 1565 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 1125 | 1200 |
| February | 1150 | 1230 |
| March | 1180 | 1260 |
| April | 1200 | 1290 |
| May | 1230 | 1320 |
| June | 1260 | 1350 |
| July | 1290 | 1380 |
| August | 1320 | 1410 |
| September | 1350 | 1440 |
| October | 1380 | 1480 |
| November | 1410 | 1520 |
| December | 1450 | 1565 |
By 2040, The company is expected to be one of the top manufacturers in India and abroad. The company is constantly improving its machines to meet International Quality Standards. Its yearly production capacity of up to six lakh scales will help it fulfill big orders from Indian and foreign markets, with the increasing demand for automation and weighing machines.
Our analysis shows that the share price is expected to be between Rs 2,155 and Rs 2,675.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2040 | 2155 | 2675 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 2155 | 2250 |
| February | 2200 | 2300 |
| March | 2250 | 2350 |
| April | 2300 | 2400 |
| May | 2350 | 2450 |
| June | 2400 | 2500 |
| July | 2450 | 2550 |
| August | 2500 | 2600 |
| September | 2550 | 2620 |
| October | 2580 | 2640 |
| November | 2600 | 2660 |
| December | 2625 | 2675 |
By 2050, The company is expected to become a significant global player in electronic machines. The company’s continuous focus on research, technology, and quality products will help it grow consistently. It will expand its reach in Middle East Distributors and SAARC Countries, with rising demand for weighing, security, and automation products.
Our analysis shows that the share price is expected to be between Rs 3,450 and Rs 4,865.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2050 | 3450 | 4865 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 3450 | 3700 |
| February | 3550 | 3850 |
| March | 3650 | 4000 |
| April | 3750 | 4150 |
| May | 3850 | 4300 |
| June | 3950 | 4450 |
| July | 4050 | 4600 |
| August | 4150 | 4700 |
| September | 4250 | 4750 |
| October | 4350 | 4800 |
| November | 4400 | 4850 |
| December | 4450 | 4865 |
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 110 | 425 |
| 2026 | 295 | 650 |
| 2030 | 1125 | 1565 |
| 2040 | 2155 | 2675 |
| 2050 | 3450 | 4865 |
| Category | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|
| Promoters | 69.07% | 69.07% | 69.07% | 69.07% |
| Public | 30.93% | 30.93% | 30.93% | 30.93% |
Quality Power Engineering Equipments Share Price Target 2025, 2026, 2030, 2040, 2050
Should I Buy Nitiraj Engineers Stock?
The company’s stock promoters have held firm at 69.07% in the last four quarters. The public holds only 30.93%, which shows promoters’ trust in the company. The company’s future can be promising if promoters are not selling shares. Long-term investors can consider buying for better returns.
Nitiraj Engineers Ltd Earning Results (Financials)
| Metric | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales | 106 | 100 | 46 | 40 | 53 |
| Expenses | 88 | 82 | 43 | 38 | 45 |
| Operating Profit | 19 | 18 | 4 | 2 | 8 |
| OPM % | 18% | 18% | 8% | 5% | 15% |
| Other Income | 1 | 1 | 0 | -3 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 4 | 3 | 3 |
| Profit Before Tax | 16 | 16 | 0 | -4 | 5 |
| Tax % | – | 24% | 106% | -25% | 27% |
| Net Profit | 12 | 12 | 0 | -3 | 4 |
| EPS (Rs) | 12.00 | 11.75 | -0.36 | -3.28 | 3.54 |
| Dividend Payout % | – | 13% | 0% | 0% | 0% |
Expert Forecasts On The Future Of Nitiraj Engineers Ltd.
The company’s sales and profit grow every year. Company profit jumps from zero to ₹12 crore in 2 years. The operating profit margin also increased to 18%. This shows that business is becoming stronger. Experts believe the future can be bright if the company continues this growth.
Is Nitiraj Engineers Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
- Profit rising every year.
- 69% promoters stake (very positive).
- No loan burden.
- Growing demand for weighing scales & machines.
Bearish Case:
- High risk, low volume.
- Profit margin only 18%.
- Business growth is still not very fast.
Conclusion
Nitiraj Engineers makes weighing scales, currency counting machines, and taxi meters, which are always in demand. The company’s zero debt and promoter holding are strong points. In the short term, small growth is expected, but long-term growth can give good returns. It can be a good stock for long-term holding. If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
