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NITIRAJNitiraj Engineers Limited

IT · Scientific & Technical Instruments · NSE · as of 2026-07-20 (delayed ~30 min in market hours)

222.72
2.24%
53Average

Price & Volume

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Key Ratios

Market Cap (₹ cr)197.60
P/E185.32
P/B2.41
PEG
ROE %1.28
ROCE %-0.00
Debt / Equity0.00
EPS1.04
Revenue Growth %-63.80
Profit Growth %-78.10
Dividend Yield %0.73
Promoter Holding %
FII Holding %
DII Holding %
Beta0.00

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

Supertrend BuyLONG80%222.72179.65308.862.00
Breakout with VolumeLONG74%222.72212.01244.142.00
HOLDConviction 52%

The picture

  • Debt/Equity: 0.00
  • RSI: 75
  • MACD: bullish
  • Price vs EMA21: above
  • 1-month return: +14.4%
  • 1-month vs NIFTY: +14.1% relative
  • Breakout with Volume signal (setup quality 74%)
  • Supertrend Buy signal (setup quality 80%)

Bull case

  • Debt/Equity: 0.00
  • RSI: 75
  • MACD: bullish
  • Price vs EMA21: above

Bear case

  • Revenue growth: -63.8% YoY
  • Profit growth: -78.1% YoY
  • Golden cross setup: SMA50 below SMA200
  • Trend strength (ADX): 18

Key risks

  • Elevated volatility / drawdown profile — size positions accordingly
  • Weak fundamentals — technical strength may not sustain
  • Revenue growth: -63.8% YoY
  • Profit growth: -78.1% YoY

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹222.72
Stop Loss
₹191.04
risk 14.2%
Target 1 (1.5R)
₹270.24
+21.3%
Target 2 (3R)
₹317.75
+42.7%
Support (20d)
₹176.05
Resistance (52w)
₹236.98
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹31.68/share
ATR (volatility)
₹12.67
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹12.67). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental
16
Technical
72
Momentum
84
Risk (safety)
36

Peers — IT

OFSS 1.28%
84
UTLSOLAR 3.14%
82
CNL 1.57%
81
STYL 6.50%
79
PREMIERENE 0.02%
78
TANLA 1.99%
77

About

Nitiraj Engineers Limited manufactures and sells various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighing Scales & Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales. It offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial, kitchen, baby weighing, person weighing, adult weighing, and body mass index scales; analytical weighing balances; special application indicators; growth monitoring devices; home automation devices; security solutions; as well as other security and automation products. The company also provides remote pilot training organisation (RPTO) services for drones/UAVs. It markets its products under the Phoenix brand name through regional branches and dealers. The company was incorporated in 1989 and is based in Dhule, India.