188.42
+2.15%
Close of 9 Nov 2026, in INR
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About Nitiraj Engineers
Its shares trade on NSE under the ticker NITIRAJ.NS. It has been listed since 9 March 2017. In the fiscal year to 31 March 2026, it reported revenue of ₹464.1m and net income of ₹10.6m. At that date it held total assets of ₹931.6m and shareholders' equity of ₹823.4m.
Nitiraj Engineers Ltd. engages in manufacturing and selling electronic weighing scales, currency counting machines, and taxi fare meters. The company is headquartered in Dhulia, Maharashtra. The company went IPO on 2017-03-09. The firm is engaged in the manufacturing and selling of electronic equipment. The company operates in five segments, such as electronic weighing scales and systems, electronic currency counting machines and digital fare meters, home and hotel automation and mechanical scales. Its products include analytical weighing balances, jewelry scales, tabletop scales, price computing scales, piece counting scales, platform scales, special application indicators, hanging scales, industrial weighing scales, baby weighing scales, person weighing scales (portable), mother and child weighing scales, adult weighing scales (heavy duty), body mass index scale, kitchen scale, currency counting machine, taxi and rickshaw fare meter, and security and access control products. Its products are supplied under brand name PHOENIX. The company has a service network of about 13 branch offices.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 9 Mar 2017
- Website
- nitiraj.net ↗
Leadership
Pay as last reported
- Ms. Rachna KothariCompliance Officer, Company Secretary
- Mr. Rajesh BhatwalManaging Director, Director
- Mrs. Shakuntala BhatwalWhole-time Director
- Mr. Hung Sin YiWhole-time Director
- Mr. Anil BangadNon-Executive Independent Director
- Mr. Shabbir MasaniNon-Executive Independent Director
- Mr. Pradeep ShahNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Manufacturing and selling electronic weighing scales under PHOENIX brand in India
- Operates in five segments including electronic currency counting machines and digital fare meters
- Has 13 branch offices for service network across India
Weaknesses
- Headquartered in Dhulia, Maharashtra, a less prominent city for IT industry
- Limited to manufacturing and selling electronic equipment without diversification
- Relies on a single brand PHOENIX for all product lines
Opportunities
- Expanding into new segments like home and hotel automation in India
- Growing demand for electronic currency counting machines in financial sectors
- Increasing market for digital fare meters in taxi and rickshaw services
Threats
- Competition from established brands in the electronic weighing scales market
- Economic downturns affecting consumer spending on electronic equipment
- Regulatory changes in the electrical equipment industry in India
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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