NIRAJISPAT
Niraj Ispat Industries financials
- Market cap
- ₹19 Cr
- Sector
- Consumer Durables
Quarterly results
Q1 FY27: revenue down 6.3%, net profit down 25.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 −5% | 1 +0% | 1 −11% | 1 −6% |
| EBITDA | 0 | 0 | 0 | 0 | 0 +13% | 0 +11% | 0 −26% | 0 −78% |
| Net profit | 0 | 0 | 0 | 0 | 0 +23% | 0 −2% | 0 +30% | 0 −25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −11.5% 1Y
1Y: ₹339.35 on 10 Sept 2025 → ₹300.3. High ₹429.65 (2 Sept 2026), low ₹161.3 (29 Jan 2026).
Financials, as filed
Revenue grew 5.2% a year over 2 years, FY24 to FY26. Operating margin widened to 25.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Operating profit | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Operating margin | 13.5% | 23.7% | 25.2% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net margin | 24.8% | 36.0% | 44.9% |
| Cash from operations | ₹-1 Cr | ₹-4 Cr | ₹-1 Cr |
| Free cash flow | ₹-1 Cr | ₹-4 Cr | ₹-1 Cr |
| ROCE | 8.0% | 10.8% | 11.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹9 Cr | ₹10 Cr | ₹12 Cr | ₹12 Cr | ₹15 Cr | ₹15 Cr |
| Borrowings | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹5 Cr |
| Other liabilities | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Total liabilities | ₹14 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr | ₹21 Cr | ₹22 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹12 Cr | ₹12 Cr | ₹13 Cr | ₹14 Cr | ₹19 Cr | ₹20 Cr |
| Total assets | ₹14 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr | ₹21 Cr | ₹22 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 58% to 882.
- Promoters
- 74.4%
- Public
- 25.6%
Since Jun 2025
- Promoters +0.02 pp
- Public −0.02 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.6%, Public 25.4%.Dec '23: Promoters 74.6%, Public 25.4%.Mar '24: Promoters 74.6%, Public 25.4%.Jun '24: Promoters 74.6%, Public 25.4%.Sep '24: Promoters 74.4%, Public 25.6%.Dec '24: Promoters 74.4%, Public 25.6%.Mar '25: Promoters 74.4%, Public 25.6%.Jun '25: Promoters 74.4%, Public 25.6%.Sep '25: Promoters 74.4%, Public 25.6%.Dec '25: Promoters 74.4%, Public 25.6%.Mar '26: Promoters 74.4%, Public 25.6%.Jun '26: Promoters 74.4%, Public 25.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Firm newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Niraj Ispat Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Madhu Chaudhry | 24.95% | unchanged |
| Niraj Chaudhry | 10.27% | unchanged |
| Neeraj Chaudhary Huf | 9.06% | unchanged |
| Pickup Suppliers Private Limited | 8.98% | unchanged |
| Haryant Stainless Steels Llp | 7.98% | unchanged |
| Vaishali Chaudhry | 4.90% | unchanged |
| Niraj Steels Llp | 4.10% | unchanged |
| Anuradha Kanodia | 3.33% | unchanged |
| Vijay Kumar Agarwal | 3.33% | unchanged |
| Jagmohan Nayyar | 2.23% | unchanged |
| Karan Nayyar | 2.17% | unchanged |
| Vaidehi Chaudhry | 0.87% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹300, this stock must grow earnings at 15% every year for 7 years. Our analysis caps realistic growth at ~41%. At that growth it is worth ₹1109 — upside of 269%.
- Growth the price implies
- 15.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 41.4% a year
- net profit, FY24–FY26 · EPS 41.4%
- The gap
- -0.3 pp
- 269% downside if it only repeats history
Learn to analyse Niraj Ispat Industries Limited
Guides on how to read this kind of business and the numbers that matter.