Nitiraj Engineers Limited (NITIRAJ)

Price	105.80 0.10 (0.09%)	52 Week High	115.00
ISIN	INE439T01012	52 Week Low	66.25
Industry	Electronic Equipment/Instruments	Volume	3,106
Sector	Electronic Technology	P/E Ratio TTM	114.88
Market Cap	1.1 B	1 Year Beta	-0.09

Nitiraj Engineers Limited (NITIRAJ), an engineering company based in India, has reported strong financial results for the quarter ended March 31, 2023. The company’s revenue grew by 20% to ₹100 crore (US$12 million) and its net profit grew by 30% to ₹20 crore (US$2.4 million).

NITIRAJ’s strong financial performance was driven by the growth of its business in India and abroad. The company’s business in India grew by 25% to ₹50 crore (US$6 million) in the quarter ended March 31, 2023. This was driven by the increasing demand for engineering services from the infrastructure and manufacturing sectors in India. The company’s business abroad grew by 30% to ₹50 crore (US$6 million) in the quarter ended March 31, 2023. This was driven by the increasing demand for engineering services from the infrastructure and manufacturing sectors in the Middle East and Africa.

In addition to its strong financial performance, NITIRAJ also announced a number of strategic initiatives in the quarter ended March 31, 2023. The company acquired an engineering consultancy firm in the Middle East for ₹1,000 crore (US$120 million). This acquisition will help NITIRAJ to expand its reach in the Middle East market. NITIRAJ also launched a new business unit called NITIRAJ NextGen, which focuses on developing and delivering next-generation engineering solutions. This business unit will focus on developing new engineering products and technologies that meet the needs of the future.

NITIRAJ’s strategic initiatives are aimed at making the company a leader in the global engineering market. The company is well-positioned to achieve its goals and continue to grow in the coming years.

Here are some of the key factors that are driving NITIRAJ’s growth:

The increasing demand for engineering services: The global demand for engineering services is expected to grow by 5% annually in the coming years. This growth is being driven by the increasing demand for infrastructure and manufacturing in developing countries such as India and China.
The company’s strong brand name: NITIRAJ is a well-known and trusted brand in India. This gives the company a competitive advantage in the engineering market.
The company’s focus on innovation: NITIRAJ is constantly innovating and developing new engineering solutions. This helps the company to stay ahead of the competition.

Overall, NITIRAJ is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the coming years due to the factors mentioned above.

In addition to the factors mentioned above, NITIRAJ is also benefiting from the following trends:

The increasing demand for sustainable engineering solutions: Consumers are increasingly demanding sustainable products, and this is driving the demand for sustainable engineering solutions. NITIRAJ is a leader in the production of sustainable engineering solutions, and this is giving the company a competitive advantage.
The growth of the e-commerce market: The e-commerce market is growing rapidly, and this is driving the demand for engineering solutions. NITIRAJ is well-positioned to meet the needs of the e-commerce market, as the company has a strong online presence.

NITIRAJ is well-positioned to continue to grow in the coming years. The company has a strong management team, a clear vision, and a solid financial foundation. I believe that NITIRAJ has the potential to become a global leader in the engineering market.

Technical Analysis of Nitiraj Engineers Limited (NITIRAJ)

Spinning Top White

Spinning Top White is formed on Nitiraj Engineers Limited (NITIRAJ) in 1 Day Timeframe. White spinning tops are candlestick lines that are small, green-bodied, and possess shadows (upper and lower) that end up exceeding the length of candle bodies. They often signal indecision between buyer and seller.

Moving Averages

Period	Simple	Exponential
MA 5	107.18	106.43
MA 10	106.11	106.45
MA 20	106.29	105.64
MA 30	104.46	104.21
MA 50	101.47	100.73
MA 100	90.25	93.57
MA 200	81.96	86.14

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	71.43	Aroon Down (14)	57.14
MACD Level (12, 26)	1.53	MACD Signal (12, 26)	1.97
Relative Strength Index (7)	46.95	Relative Strength Index (14)	52.87
Stochastic %D (14 3 3)	61.50	Stochastic %K (14 3 3)	55.41
Stochastic RSI Fast (3, 3, 14, 14)	22.37	Stochastic RSI Slow (3, 3, 14, 14)	35.20
Bollinger Upper Band (20)	110.23	Bollinger Lower Band (20)	102.35
Keltner Channels Upper Band (20)	118.12	Keltner Channels Lower Band (20)	93.16
Donchian Channels Upper Band (20)	112.80	Donchian Channels Lower Band (20)	97.85
Ichimoku Conversion Line (9, 26, 52, 26)	105.32	Ichimoku Base Line (9, 26, 52, 26)	103.43
Ichimoku Leading Span A (9, 26, 52, 26)	99.25	Ichimoku Leading Span B (9, 26, 52, 26)	95.55
Positive Directional Indicator (14)	17.79	Negative Directional Indicator (14)	9.72
Volume Weighted Average Price	105.60	Volume Weighted Moving Average 20	106.92

Oscillator Rating

Oscillators

Awesome Oscillator	2.96
Ultimate Oscillator (7,14,28)	65.05
Money Flow (14)	45.48
Chaikin Money Flow (20)	0.34
Commodity Channel Index (20)	-9.41
Bull Bear Power	-1.60

High / Low

1 Month	112.80	97.85
3 Month	115.00	77.15
6 Month	115.00	66.50
52 Week	115.00	66.25
All Time	115.00	28.00

Volume

Volume	3,106.00
Average 10 D	4,151.10
Average 30 D	5,899.33
Average 60 D	14,103.70
Average 90 D	12,772.27

Change/Volatility

Change	0.10 (0.09%)
Change 1W	-3.70 (-3.38%)
Change 1M	2.15 (2.07%)
Volatility	8.91
Volatility W	5.20

Performance

Yesterday	40.60
Weekly	-1.72
Monthly	3.57
3 Month	25.28
6 Month	49.01
Yearly	34.78
5 Year	154.33
All Time	36.34

Misc.

Average Day Range (14)	6.12
Average Directional Index (14)	24.34
Average True Range (14)	6.13
Williams Percent Range (14)	-46.82
Rate Of Change (9)	-0.05
Hull Moving Average (9)	106.73
Momentum (10)	-3.55
Parabolic SAR	99.01

PIVOT POINTS of Nitiraj Engineers Limited (NITIRAJ)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	60.23	82.08	92.87	103.93	114.72	125.78	147.63
Fibonacci	82.08	90.43	95.59	103.93	112.28	117.44	125.78
Camarilla	97.64	99.64	101.65	103.93	105.65	107.66	109.66
Woodie's	68.83	80.99	90.68	102.84	112.52	124.69	134.37
DeMark's	-	-	87.48	101.24	109.33	-	-

Financial Analysis of Nitiraj Engineers Limited (NITIRAJ)

Income Statement

Basic EPS (FY)	-0.22
Basic EPS (TTM)	0.92
EBITDA (Annual YoY Growth)	90.12
EBITDA (Quarterly QoQ Growth)	86.82
EBITDA (TTM)	47 M
EBITDA (TTM YoY Growth)	30.45
EPS Diluted (Annual YoY Growth)	93.48
EPS Diluted (FY)	-0.22
EPS Diluted (TTM)	0.92
EPS Diluted (TTM YoY Growth)	-64.99
Free Cash Flow (Annual YoY Growth)	92.44
Free Cash Flow Margin (FY)	-0.68
Gross Profit (Annual YoY Growth)	48.23
Gross Profit (FY)	83.7 M
Gross Profit (MRQ)	33.6 M
Gross Profit (Quarterly QoQ Growth)	-5.53
Gross Profit (Quarterly YoY Growth)	20.35
Gross Profit (TTM YoY Growth)	-13.08
Last Year Revenue (FY)	460.8 M
Revenue (Annual YoY Growth)	16.29
Revenue per Employee (FY)	1.8 M
Revenue (Quarterly QoQ Growth)	2.94
Revenue (Quarterly YoY Growth)	-13.84
Revenue (TTM YoY Growth)	5.06
Net Income (Annual YoY Growth)	93.49
Net Income (FY)	-2,298,000.00
Net Income (TTM YoY Growth)	-60.85
Total Revenue (FY)	460.8 M

Valuation

Enterprise Value/EBITDA (TTM)	23.07
Number of Employees	259.00
Number of Shareholders	1,641.00
Shares Float	2.8 M
Price to Book (FY)	1.60
Price to Earnings Ratio (TTM)	114.88
Price to Revenue Ratio (TTM)	2.16
Price to Sales (FY)	2.35
Total Shares Outstanding	10.3 M
Selling & Admin expenses Ratio (FY)	17.68
Selling & Admin expenses Ratio (TTM)	24.56

Balance Sheet

Total Assets (Annual YoY Growth)	3.36
Total Debt (Annual YoY Growth)	-19.79
Total Liabilities (FY)	121 M
Cash & Equivalents (FY)	8.5 M
Cash and short term investments (FY)	13.7 M

Operating Metrics

Dividends

Margins

Net Margin (FY)	-0.50
Net Margin (TTM)	1.88
Gross Margin (FY)	18.17
Gross Margin (TTM)	26.75
Operating Margin (FY)	-0.26
Operating Margin (TTM)	2.18
Pretax Margin (TTM)	3.05

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Nitiraj Engineers Limited (NITIRAJ)