Niraj Ispat Industries Limited

Niraj Ispat Industries Limited (NIRAJISPAT) is a micro-cap Consumer Durables company valued at ₹16 crore operating in Plastic Products - Consumer on the NSE and BSE.

Recent price move

Niraj Ispat Industries Limited last traded at ₹271, up 4.84% on the day.

Recent developments

2026-09-07: The DocStoX score increased slightly to 2.1, but the verdict remained 'avoid'. 2026-07-16: The score was 1.3, indicating continued concerns about the company's fundamentals.

Financial performance

The company's business is not improving, with annual revenue falling 2.7% and annual net profit rising 20.9%. The latest quarter shows revenue fell 6.3% compared to the same quarter a year earlier, and net profit dropped 25.0%, despite a net profit margin that rose 8.7 percentage points to 44.8%.

Valuation multiples

The stock trades at 10.0 times earnings, 1.19 times book value.

Things to watch

The company's balance-sheet safety score is 0.0, suggesting significant financial risk. The company is not paying dividends despite reporting profits, which may indicate poor cash flow or capital structure issues. Earnings include an unusual other income of ₹1.50 crore, which may distort the true profitability of the core business.

Where it stands

The DocStoX verdict of 'avoid' follows from the company's weak balance-sheet safety and lack of consistent profitability. The most critical factor is the company's failure to pay dividends despite reporting profits, which raises concerns about its financial health and management priorities.

Summarised by DocStoX's model on 2026-09-08 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.