5

Nidhi Granites

NIDHIGRANITESLTD NSE

Key Fundamentals

MicrocapConstruction MaterialsConstruction
Market Cap
₹204 Cr
Volatility
Moderate
P/E Ratio
25.8
EBITDA
₹12.60 Cr
Return on Equity
34.06%
Debt to Equity
0.12
Book Value
₹28.18
EPS
₹1.69
52W High
₹480.75
52W Low
₹181.45

Tapetide Score

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

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

3
  • Stock is trading at 9.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -3.50%

Growth Rate

Revenue Growth
38.48% higher than 3Y
Net Income Growth
305% higher than 3Y
Cash Flow Change
287% lower than 3Y
ROE
164% higher than 3Y
ROCE
146% lower than 3Y
EBITDA Margin (Avg.)
159% lower than 3Y

Quarterly Results

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 in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
0.47
2
0.83
0.85
2.4
9.6
10.41
Div. Payout %
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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/OP
-800
45
-151
-36
55
63
Figures in ₹ Crores

Ratios

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

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56 extracted metrics + investor summaries across FY09–FY26.

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Shareholding Pattern

Promot.66.75%Others3.10%Public30.15%As ofJun 2026

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 (512103) listed?
Nidhi Granites Ltd trades as NIDHIGRANITESLTD on the NSE and 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 market capitalisation of Nidhi Granites Ltd?
Nidhi Granites Ltd has a market capitalisation of ₹204.08 Cr, which places it in the Small Cap band.
What is the PE ratio of Nidhi Granites Ltd?
Nidhi Granites Ltd trades at a PE ratio of 25.80, on earnings per share of ₹1.69, 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 ₹480.75.
What is the Return on Equity (ROE) of Nidhi Granites Ltd?
Nidhi Granites Ltd reported a return on equity of 34.06%. 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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