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Swing Capital

Niraj Ispat Industries Ltd

NSE: NIRAJISPAT

Incorporated in 1985, Niraj Ispat Industries Ltd is in the business of manufacturing of Polyester Buttons[1]

₹220
52W: ₹155 — ₹612
PE 8.62 · Book ₹252 · -13% vs book
Market Cap₹13.2 Cr
Stock P/E8.62Price to Earnings
ROCE10.8%Return on Capital
ROE9.82%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.88 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -5.74% over past five years.
  • −Company has a low return on equity of 10.2% over last 3 years.
  • −Company might be capitalizing the interest cost
  • −Earnings include an other income of Rs.1.36 Cr.

Shareholding Pattern

Promoters74.44%
FIIs0%
DIIs0%
Public25.56%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.58%74.43%▼0.174.43%74.42%▼0.074.42%74.44%▲0.074.44%74.44%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public25.42%25.57%▲0.125.57%25.58%▲0.025.58%25.56%▼0.025.56%25.56%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales0.960.660.670.91.030.7910.950.980.79
Expenses0.790.530.640.720.790.60.730.720.710.58
Operating Profit0.170.130.030.180.240.190.270.230.270.21
OPM %17.71%19.7%4.48%20%23.3%24.05%27%24.21%27.55%26.58%
Net Profit0.230.220.160.280.350.410.30.40.430.4
EPS ₹3.833.672.674.675.836.8356.677.176.67

AI Insights

Revenue Trend

TTM revenue at ₹3.72Cr, up 0% YoY. OPM at 26.34%.

Debt Position

Borrowings at ₹4.35Cr. Debt-to-equity ratio: 0.30x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.44%.

Margin & Efficiency

ROCE improving from 9.91% (Mar 2013) to 10.75% (Mar 2025). Working capital days: 1672.92.

Valuation

PE 8.62x with 10.8% ROCE. Price is -13% above book value of ₹252. Dividend yield: 0%.

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