Nidhi Granites Ltd
NIDHGRNBSE
₹228.90▼ -4.25 (-1.82%)
Whole company worth₹183 Cr
Price for ₹1 of profit₹24
1-year range₹181 – ₹445
The short version
A fast-growing, highly profitable business — priced richly for what it earns.
What Nidhi Granites does
Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products.
Worked out from Nidhi Granites's own filed results and exchange data, in plain words. Where a finance term matters, we say what it means.
01What does it do?
Nidhi Granites is a micro-sized company in construction materials.
Incorporated in 1981, Nidhi Granites Ltd is a manufacturer of granite and marble slabs, tiles, and sandstone and limestone products.
- Whole company is worth
- ₹183 crore
- Run by
- Darpan Deepak Shah
- Shareholders
- 1,288 people
- Listed since
- 1985
A very small company by stock-market value — prices can swing hard and trading can be thin.
02Is it growing?
Sales have grown 237% a year for 5 years.
A rate this high usually means it started from a very small base 5 years ago. Profit grew more slowly, at 156% a year — costs rose faster than sales.
Point at a bar for exact figures · amounts in ₹ crore
03Does it make money?
Out of every ₹100 it sells, it keeps ₹12 as profit.
Here is where the money from Nidhi Granites's sales went in FY26, the latest full year it has reported.
₹57
₹24
₹12
- ₹57Making or buying what it sellsraw materials, stock, goods bought for resale
- ₹24Running the businessstaff, rent, marketing, power and everything else
- ₹0.5Interest on its loansthe cost of borrowed money
- ₹2.4Wear and tearmachines, stores and buildings losing value over time
- ₹4.7Taxincome tax paid to the government
- ₹12Profit it keepswhat is left for the company's owners
On the money its owners have put in
It earns ₹34 a year on every ₹100 its owners have invested.
Bank FD ~₹6–7
₹34
₹0₹10₹20₹30₹40
That figure is called return on equity (ROE). Above ₹20 is rare and usually means the business has something competitors struggle to copy. For comparison, a bank fixed deposit pays roughly ₹6–7.
Does the profit turn into cash?
For every ₹100 of profit it reported, ₹60 actually came in as cash.
Profit it reported₹10 Cr
Cash its business brought in₹6.2 Cr
Over the last 3 years: ₹10 crore of profit but ₹6.2 crore of cash. Some of the profit is tied up — often in unsold stock or money customers still owe.
04Is the price high or low?
You pay ₹24 for every ₹1 of profit it makes in a year.
This is the P/E ratio: share price divided by a year's profit per share. A P/E of 24 means buyers are paying for about 24 years of today's profit up front.
The share price over the past year
It is 49% below its highest price of the past year and 26% above its lowest.
05Who owns it?
Its founders and parent group own 67 of every 100 shares — they control the company.
If the company were split into 100 equal shares, this is who would hold them. 1,288 people and institutions hold its shares.
As filed for the quarter ending 30 Sept 2026. Arrows show the change since the quarter before, in percentage points.
06What is going well, and what to watch
Two things going well, two things worth watching.
Picked out of the numbers above by fixed rules — the same rules for every company — so nothing here is somebody's opinion.
Going well
- Sales have compounded at 237% a year.
- Earns ₹34 a year on every ₹100 of shareholders' money.
Worth watching
- Thinly traded — only about ₹16 lakh of shares change hands a day, so buying or selling can move the price.
- The share price is 49% below its high of the past year.
07What happened lately?
Latest quarter: sales down 20%, profit up 29%.
Apr–Jun 2026 is the most recent quarter it has reported. Each figure is compared with the same three months a year earlier, because many businesses sell more in some seasons than others.
Sales
₹16 Cr
▼ 20.0% on a year earlier
Profit
₹2.9 Cr
▲ 29.5% on a year earlier
No notable developments in the last few weeks.
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This page describes Nidhi Granites using its reported figures and exchange data. It is for information only and is not investment advice or a recommendation to buy, sell or hold. DocStoX is not a SEBI-registered investment adviser or research analyst.
Nidhi Granites Ltd (NIDHGRN): company summary
The company's business is improving, with annual revenue rising 44.0% and annual net profit jumping 300.0%.
Nidhi Granites Ltd (NIDHGRN) is a micro-cap Construction company valued at ₹183 crore operating in Construction Materials on the NSE and BSE.
- Recent price move
- Nidhi Granites Ltd last traded at ₹228.9, modestly down 1.82% on the day.
- Financial performance
- The company's business is improving, with annual revenue rising 44.0% and annual net profit jumping 300.0%. However, the latest quarter saw revenue fall 20.0% compared to the same quarter a year earlier, while net profit rose 29.5%.
- Valuation multiples
- The stock trades at 23.8 times earnings, 9.53 times book value.
- Things to watch
- The stock is 47.6% below its 52-week high, and the latest quarter's revenue decline compared to the same quarter a year earlier indicates a potential slowdown in recent performance.
- Where it stands
- The company's net profit margin has increased by 7.5 percentage points to 11.8%, and return on equity stands at 34.1%. The stock is 47.6% below its 52-week high.
Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.
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