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Nidhi Granites

512103 BSE
₹284.75

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P/E
27.35
View as Markdown
MCP
Close 4 Nov 2026 ₹284.75 −164.75 −36.7% 1Y
Start ₹449.50

Key Fundamentals

MicrocapOther Construction MaterialsConstruction Materials

Price-based figures at the close · EPS basis: Consolidated · TTM

ROCE
51.00%
Debt to Equity
0.12
EPS (TTM)
₹10.41
Book Value
₹28.18
Market Cap
—
P/E (TTM)
27.35
P/B
10.10
ROE
41.00%
Dividend Yield
0.00%
EBITDA
₹12.60 Cr
52W High
₹4,879.00
52W Low
₹181.45

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
30
Poor
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 156% CAGR over last 5 years
  • Company's working capital requirements have reduced from 72.5 days to 58.0 days

Weaknesses

2
  • Stock is trading at 8.36 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBearish342
Moving AveragesStrong Bullish406

Key readings

RSI (14)
66.64
Neutral
MACD (12,26,9)
2.07
Bullish
SMA (50)
250.33
Bullish
SMA (200)
452.72
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+237.28%
3Y+36.68%
1Y+38.44%
TTM+9.73%

Net profit

Net profit growth by window
5Y+155.89%
3Y+159.40%
1Y+300.00%
TTM+145.29%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3YTurned positive
1Y+286.67%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+5.95 pp
3Y+14.37 pp
1Y+11.82 pp
TTM+14.84 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹0.15 Cr
Mar 2022₹15.91 Cr
Mar 2023₹25.64 Cr
Mar 2024₹39.09 Cr
Mar 2025₹47.29 Cr
Mar 2026₹65.47 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹0.07 Cr
Mar 2022₹0.30 Cr
Mar 2023₹0.44 Cr
Mar 2024₹0.68 Cr
Mar 2025₹1.92 Cr
Mar 2026₹7.68 Cr

Quarterly Results

₹ Cr
512103 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7.78
8.68
10.66
11.38
9.28
12.1
13.41
10.48
19.81
13.18
15.55
16.66
15.84
Expenses
7.49
8.39
9.88
11.19
8.54
11.66
12.51
11.07
16.58
11.06
12.15
13.05
11.52
Operating Profit
0.29
0.29
0.78
0.19
0.74
0.44
0.9
−0.59
3.23
2.12
3.4
3.61
4.32
OPM %
3.73%
3.34%
7.32%
1.67%
7.97%
3.64%
6.71%
−5.63%
16.3%
16.08%
21.86%
21.67%
27.27%
Other Income
0.07
0.14
0.1
0.26
0.51
1.14
0.51
−0.11
0.07
0.07
0.07
0.07
0.2
Interest
0.09
0.17
0.09
0.1
0.11
0.11
0.08
0.07
0.05
0.05
0.07
0.14
0.04
Depreciation
0.16
0.18
0.19
0.19
0.17
0.17
0.16
0.13
0.2
0.3
0.46
0.61
0.63
PBT
0.11
0.08
0.6
0.16
0.97
1.3
1.17
−0.9
3.05
1.84
2.94
2.93
3.85
Tax %
27.27%
25%
25%
43.75%
21.65%
15.38%
19.66%
−3.33%
26.56%
29.35%
25.17%
33.79%
24.94%
Net Profit
0.08
0.06
0.45
0.09
0.75
1.1
0.94
−0.88
2.24
1.29
2.21
1.94
2.9
EPS (₹)
0.15
0.08
0.56
0.11
0.94
1.38
1.18
−1.1
2.8
1.61
2.76
2.42
3.62

Profit & Loss

₹ Cr
512103 profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.15
15.91
25.64
39.09
47.29
65.47
61.23
Expenses
0.13
15.05
24.38
36.95
43.76
52.85
47.78
Operating Profit
0.02
0.86
1.26
2.14
3.53
12.62
13.45
OPM %
13.33%
5.41%
4.91%
5.47%
7.46%
19.28%
21.97%
Other Income
0
0.03
0.03
−0.01
0
0.01
0.41
Interest
0
0.11
0.21
0.45
0.37
0.31
0.3
Depreciation
0
0.27
0.45
0.72
0.63
1.57
2
PBT
0.02
0.51
0.63
0.96
2.53
10.75
11.56
Tax %
−250%
39.22%
31.75%
28.12%
24.11%
28.56%
—
Net Profit
0.07
0.3
0.44
0.68
1.92
7.68
8.34
EPS (₹)
0.47
2
0.83
0.85
2.4
9.6
10.41
Div. Payout %
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
512103 balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.75
0.75
2.65
4
8
8
Reserves
1.37
4.04
6.7
8.96
6.88
14.54
Borrowings
0
0.97
3.29
4.47
3.17
2.77
Other Liabilities
0.01
2.46
3.98
4.32
3.93
7.32
Total Liabilities
2.13
8.22
16.62
21.75
21.98
32.63
Fixed Assets
0
0.91
2.15
3.35
5.04
9.73
CWIP
0
0
0
0
0
0.53
Investments
0
0.26
0.51
0.76
2.15
0.61
Other Assets
2.13
7.05
13.96
17.64
14.79
21.76
Total Assets
2.13
8.22
16.62
21.75
21.98
32.63

Cash Flow

₹ Cr
512103 cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.16
0.19
−2.12
−1.11
1.5
5.8
Investing
2.22
−3.26
−0.62
−3.22
−0.39
−3
Financing
0
2.3
5.27
3.15
−0.91
−1.94
Net Cash Flow
2.07
−0.77
2.53
−1.19
0.2
0.87
Free Cash Flow
−0.16
−0.31
−2.84
−2.55
−1.47
0.8
CFO/EBITDA
−800
45
−151
−36
55
63

Ratios

512103 financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
100
72.6
66.76
36.35
51.01
Inventory Days
—
25.35
36.54
28.34
49.53
50.78
Days Payable
—
48.79
62.25
41.16
27.91
37.55
Cash Conversion Cycle
0
76.81
46.88
53.95
57.98
64.23
Working Capital Days
0
72.27
84.56
97.58
61.98
57.98
ROCE %
—
15.74%
9.13%
9.44%
16.57%
51.01%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Nidhi Granites insights

56 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 66.75%
  • Public 30.22%
  • Others 3.03%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Nidhi Granites

What does Nidhi Granites Ltd do?
Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products.
Where is Nidhi Granites Ltd (NIDHGRN) listed?
Nidhi Granites Ltd trades under code 512103 on the BSE.
Which sector does Nidhi Granites Ltd belong to?
Nidhi Granites Ltd is classified under the Construction sector, in the Construction Materials industry.
What is the PE ratio of Nidhi Granites Ltd?
Nidhi Granites Ltd trades at a PE ratio of 27.35 as of 4 Nov 2026, on earnings per share of ₹10.41, against a book value of ₹28.18 per share.
What is the 52-week high and low of Nidhi Granites Ltd?
Over the last 52 weeks Nidhi Granites Ltd has traded between ₹181.45 and ₹4,879 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Nidhi Granites Ltd?
Nidhi Granites Ltd reported a return on equity of 41.00%. Its debt-to-equity ratio is 0.12.

Company Information

Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products.

Website nidhigranites.com
Face Value ₹10

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