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Nitiraj Engineers
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Nitiraj Engineers Limited was incorporated in April 01, 1999 as a Private Limited Company. The Company is engaged in manufacturing and selling of a variety of electronic weighing scales, currency counting machines, other office machines, taxi fare meters, etc. The Company's manufacturing plant is located at Parwanoo, Himachal Pradesh.
The Company is one of the leading manufacturers of wide range of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters catering to both industrial and domestic consumption. These products are classified according to their applications and utilities in the categories of Industrial, Commercial, Jewellery, Healthcare, Household and Automobile. The Company supplies machines to various state governments under Child Growth Monitoring Systems (CGMS) program. These machines have advanced technology support in form of data collection, plotting, MIS and dissemination.
The new manufacturing facility is a sophisticated, state-of-the-art facility located at Dhule, Maharashtra for continuous research, stringent quality control and consistent production with a capacity to produce around six lakh scales per annum. The products are supplied under brand name Phoenix', through a well-connected sales and service network of 17 branches in the states of Chhattisgarh, Maharashtra and Odisha and about 400 dealers across India as well as abroad.
Along with branch offices and dealer networks, the Company also entered online spaces to capture the untapped customers who prefer buying products online. The Company started online sales through e-commerce platforms like Amazon. For this, the Company employed specialized personals in the digital marketing team to create awareness online and proceed online orders. The Company has distributors in Middle East and SAARC countries. The products are compatible with world standards. At present, the company is producing more than 100,000 scales per year and about 286 professionals are working with the company.
The Company developed and launched 'Door / Shutter Alarm' system under Security and Automation Products range, used for home or workplace security and gives out a loud siren on intrusion. The Company developed 'Platform Weighing Scale with RF Indicator' for wireless data transmission from platform to indicator. The updated Electromagnetic Weighing Balances with latest technology and software, enables the machines to give best performance and highly sensitive weighing balances measuring weights of 0.1 mg accurately. The Company participated in 'Divya Marathi Shopping Utsav & Auto Expo' Jalgaon from 10th-14th February 2021. It advertised on TV, newspaper ads for Home Automation and Security products.
The Company received the accreditations such as, 'The Best Entrepreneur Award' in this District by Govt of Maharashtra in 1992, the ISO 9001 and Jamnalal Bajaj Uchit Vyavahar Puraskar for fair business practices', a national level award in the year 1998. The Company bagged the BIS Certificate ( ISI Mark ), NSIC registration and DGS&D registration with Govt of India. The Company achieved the model approval from Legal Metrology Department, Govt of India.
The Company is an ISO 9001:2015 certified company and has more than one million customers. The Company caters to customers' evolving needs effectively with a team of qualified and experienced engineers equipped with modern facilities are engaged in designing and developing electronic hardware and software.
Nitiraj Engineers share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Nitiraj Engineers indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Nitiraj Engineers is valued compared to its competitors.
Nitiraj Engineers PE ratio helps investors understand what is the market value of each stock compared to Nitiraj Engineers 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Nitiraj Engineers evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Nitiraj Engineers generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Nitiraj Engineers in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Nitiraj Engineers shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Nitiraj Engineers compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Nitiraj Engineers over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Nitiraj Engineers helps investors get an insight into when they can enter or exit the stock. Key components of Nitiraj Engineers Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Nitiraj Engineers shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Nitiraj Engineers ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Nitiraj Engineers provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Nitiraj Engineers highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Nitiraj Engineers .
The balance sheet presents a snapshot of Nitiraj Engineers ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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