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Niraj Ispat Industries Limited

ISIN : INE326T01011
NSE : NIRAJISPAT
Face Value : 10
Industry : Diversified

EPS : 13.50
EPS (TTM) : 14.70
Price to Earning (P/E) : 19.79
Book Value : 216.17
Price to Bookvalue (P/B) : 1.24
Dividend Yield : 0 %
Return on Equity (ROE) : 6.45 %
Return on Capital Employed (ROCE) : 7.96 %

Niraj Ispat share price (05-Feb-2025)
National Stock Exchange NSE
Open / Close	267.16 - 267.16 0 %
Low / High	267.16 - 267.16 0 %
Trade Volume	1
52 Week Low / High	0 - 0 NAN %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR NIRAJ ISPAT INDUSTRIES LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	12.26	15.67	18.13	12.24	9.65	9.73	9.57	6.64	6.68	9.04
Total Income	12.65	17.09	19.62	13.83	12.19	11.77	11.58	8.63	8.85	11.34
Total Expenditure	10.82	10.31	13.3	7.4	7.65	8.61	7.86	5.28	6.28	7.2
Other Income	0.39	1.43	1.49	1.59	2.54	2.04	2.01	1.99	2.18	2.3
Operating Profit	1.83	6.78	6.32	6.43	4.54	3.16	3.72	3.35	2.57	4.14
Interest	0.18	0.01	0.02	0.04	0.06	0.03	0.02	0.02	0.03	0.04
PBDT	1.65	6.77	6.3	6.39	4.48	3.13	3.7	3.33	2.54	4.1
Depreciation	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.41	0.42
Profit Before Tax	1.23	6.35	5.88	5.97	4.06	2.71	3.28	2.91	2.13	3.68
Tax	0.3	1.6	1.51	1.5	0.99	0.68	0.97	0.73	0.54	0.93
Profit After Tax	0.93	4.75	4.37	4.47	3.07	2.03	2.31	2.18	1.59	2.75
Net Profit	0.93	4.75	4.37	4.47	3.07	2.03	2.31	2.18	1.59	2.75
Equity Capital	6	6	6	6	6	6	6	6	6	6
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.55	7.92	7.28	7.45	5.12	3.38	3.85	3.63	2.65	4.58
Diluted Eps After Extraordinary Items	1.54	7.92	7.29	7.46	5.12	3.38	3.86	3.61	2.64	4.59
Diluted Eps Before Extraordinary Items	1.54	7.92	7.29	7.46	5.12	3.38	3.86	3.61	2.64	4.59

STANDALONE QUARTERLY RESULT FOR NIRAJ ISPAT INDUSTRIES LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	12.26	15.67	18.13	12.24	9.65	9.73	9.57	6.64	6.68	9.04
Total Income	12.65	17.09	19.62	13.83	12.19	11.77	11.58	8.63	8.85	11.34
Total Expenditure	10.82	10.31	13.3	7.4	7.65	8.61	7.86	5.28	6.28	7.2
Other Income	0.39	1.43	1.49	1.59	2.54	2.04	2.01	1.99	2.18	2.3
Operating Profit	1.83	6.78	6.32	6.43	4.54	3.16	3.72	3.35	2.57	4.14
Interest	0.18	0.01	0.02	0.04	0.06	0.03	0.02	0.02	0.03	0.04
PBDT	1.65	6.77	6.3	6.39	4.48	3.13	3.7	3.33	2.54	4.1
Depreciation	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.41	0.42
Profit Before Tax	1.23	6.35	5.88	5.97	4.06	2.71	3.28	2.91	2.13	3.68
Tax	0.3	1.6	1.51	1.5	0.99	0.68	0.97	0.73	0.54	0.93
Profit After Tax	0.93	4.75	4.37	4.47	3.07	2.03	2.31	2.18	1.59	2.75
Net Profit	0.93	4.75	4.37	4.47	3.07	2.03	2.31	2.18	1.59	2.75
Equity Capital	6	6	6	6	6	6	6	6	6	6
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.55	7.92	7.28	7.45	5.12	3.38	3.85	3.63	2.65	4.58
Diluted Eps After Extraordinary Items	1.54	7.92	7.29	7.46	5.12	3.38	3.86	3.61	2.64	4.59
Diluted Eps Before Extraordinary Items	1.54	7.92	7.29	7.46	5.12	3.38	3.86	3.61	2.64	4.59

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR NIRAJ ISPAT INDUSTRIES LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	48.74	55.69	32.62
Total Income	53.34	62.74	40.83
Total Expenditure	40.96	38.65	28.04
Other Income	4.61	7.04	8.21
Operating Profit	12.38	24.09	12.79
Interest	0.61	0.13	0.11
PBDT	11.77	23.96	12.68
Depreciation	1.69	1.68	1.67
Profit Before Tax	10.08	22.28	11.01
Tax	2.55	5.6	2.91
Profit After Tax	7.53	16.68	8.1
Net Profit	7.53	16.68	8.1
Equity Capital	6	6	6
Face Value (IN RS)	10	10	10
Calculated EPS	12.55	27.8	13.5
Diluted Eps After Extraordinary Items	12.54	27.8	13.5
Diluted Eps Before Extraordinary Items	12.54	27.8	13.5

STANDALONE ANNUAL RESULT FOR NIRAJ ISPAT INDUSTRIES LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	48.74	55.69	32.62
Total Income	53.34	62.74	40.83
Total Expenditure	40.96	38.65	28.04
Other Income	4.61	7.04	8.21
Operating Profit	12.38	24.09	12.79
Interest	0.61	0.13	0.11
PBDT	11.77	23.96	12.68
Depreciation	1.69	1.68	1.67
Profit Before Tax	10.08	22.28	11.01
Tax	2.55	5.6	2.91
Profit After Tax	7.53	16.68	8.1
Net Profit	7.53	16.68	8.1
Equity Capital	6	6	6
Face Value (IN RS)	10	10	10
Calculated EPS	12.55	27.8	13.5
Diluted Eps After Extraordinary Items	12.54	27.8	13.5
Diluted Eps Before Extraordinary Items	12.54	27.8	13.5

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Net Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Increase/Decrease in Stock	-3.83 Lk	2.96 Lk	3.44 Lk	1.89 Lk
Raw Material Consumed	2.06 Cr	2.89 Cr	2.73 Cr	1.69 Cr
Opening Raw Materials	11.64 Lk	4.57 Lk	9.52 Lk	11.47 Lk
Purchases Raw Materials	1.99 Cr	2.94 Cr	2.75 Cr	1.77 Cr
Closing Raw Materials	4.57 Lk	9.52 Lk	11.47 Lk	19.07 Lk
Power & Fuel Cost	34.64 Lk	33.91 Lk	29.31 Lk	21.99 Lk
Electricity & Power	34.64 Lk	33.91 Lk	29.31 Lk	21.99 Lk
Employee Cost	37.63 Lk	28.5 Lk	31.41 Lk	43.38 Lk
Salaries, Wages & Bonus	37.61 Lk	28.46 Lk	31.32 Lk	43.22 Lk
Workmen and Staff Welfare Expenses	1,742	4,000	9,000	16,000
Other Manufacturing Expenses	33.97 Lk	38.68 Lk	34.6 Lk	28.03 Lk
Repairs and Maintenance	8.18 Lk	11.68 Lk	7.49 Lk	11.21 Lk
General and Administration Expenses	14.74 Lk	14.41 Lk	13.22 Lk	13.05 Lk
Rent , Rates & Taxes	4.16 Lk	4.25 Lk	4.32 Lk	4.99 Lk
Insurance	3.88 Lk	3.86 Lk	3.83 Lk	3.49 Lk
Printing and stationery	13,443	29,000	33,000	11,000
Professional and legal fees	1.5 Lk	1.44 Lk	1.33 Lk	1.68 Lk
Traveling and conveyance	3,660	3,000	55,000	27,000
Selling and Distribution Expenses	2.18 Lk	1.62 Lk	1.53 Lk	1.38 Lk
Advertisement & Sales Promotion	78,000	50,000	42,000	42,000
Freight and Forwarding	1.4 Lk	1.12 Lk	1.11 Lk	96,000
Miscellaneous Expenses	30,976	30,000	13,000	1.52 Lk
Loss on disposal of fixed assets(net)	0	0	0	50,000
Total Expenditure	3.26 Cr	4.1 Cr	3.87 Cr	2.8 Cr
Other Income	48.55 Lk	46.06 Lk	70.44 Lk	82.11 Lk
Interest Received	48.23 Lk	46.06 Lk	69.17 Lk	81.29 Lk
Operating Profit	79.38 Lk	1.24 Cr	2.41 Cr	1.28 Cr
Interest	5.23 Lk	6.08 Lk	1.25 Lk	1.05 Lk
Interest on Term Loan	4.79 Lk	5.67 Lk	86,000	85,000
Bank Charges etc	44,918	41,000	39,000	20,000
PBDT	74.14 Lk	1.18 Cr	2.4 Cr	1.27 Cr
Depreciation	28.58 Lk	16.94 Lk	16.81 Lk	16.7 Lk
Profit Before Taxation & Exceptional Items	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Profit Before Tax	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Provision for Tax	10.88 Lk	25.52 Lk	55.97 Lk	29.18 Lk
Current Income Tax	13.78 Lk	25.51 Lk	56.48 Lk	28.97 Lk
Deferred Tax	-2.93 Lk	-23,000	-73,000	-1.39 Lk
Profit After Tax	34.68 Lk	75.27 Lk	1.67 Cr	81.02 Lk
Consolidated Net Profit	34.68 Lk	75.27 Lk	1.67 Cr	81.02 Lk
Profit Balance B/F	7.48 Cr	7.75 Cr	8.35 Cr	9.87 Cr
Appropriations	7.83 Cr	8.5 Cr	10.02 Cr	10.68 Cr
General Reserves	8 Lk	15.01 Lk	15 Lk	5 Lk
Earnings Per Share	5.78	12.55	27.8	13.5
Adjusted EPS	5.78	12.55	27.8	13.5

STANDALONE PROFIT / LOSS FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Net Sales	3.56 Cr	4.87 Cr	5.57 Cr	3.26 Cr
Increase/Decrease in Stock	-3.83 Lk	2.96 Lk	3.44 Lk	1.89 Lk
Raw Material Consumed	2.06 Cr	2.89 Cr	2.73 Cr	1.69 Cr
Opening Raw Materials	11.64 Lk	4.57 Lk	9.52 Lk	11.47 Lk
Purchases Raw Materials	1.99 Cr	2.94 Cr	2.75 Cr	1.77 Cr
Closing Raw Materials	4.57 Lk	9.52 Lk	11.47 Lk	19.07 Lk
Power & Fuel Cost	34.64 Lk	33.91 Lk	29.31 Lk	21.99 Lk
Electricity & Power	34.64 Lk	33.91 Lk	29.31 Lk	21.99 Lk
Employee Cost	37.63 Lk	28.5 Lk	31.41 Lk	43.38 Lk
Salaries, Wages & Bonus	37.61 Lk	28.46 Lk	31.32 Lk	43.22 Lk
Workmen and Staff Welfare Expenses	1,742	4,000	9,000	16,000
Other Manufacturing Expenses	33.97 Lk	38.68 Lk	34.6 Lk	28.03 Lk
Repairs and Maintenance	8.18 Lk	11.68 Lk	7.49 Lk	11.21 Lk
General and Administration Expenses	14.74 Lk	14.41 Lk	13.22 Lk	13.05 Lk
Rent , Rates & Taxes	4.16 Lk	4.25 Lk	4.32 Lk	4.99 Lk
Insurance	3.88 Lk	3.86 Lk	3.83 Lk	3.49 Lk
Printing and stationery	13,443	29,000	33,000	11,000
Professional and legal fees	1.5 Lk	1.44 Lk	1.33 Lk	1.68 Lk
Traveling and conveyance	3,660	3,000	55,000	27,000
Selling and Distribution Expenses	2.18 Lk	1.62 Lk	1.53 Lk	1.38 Lk
Advertisement & Sales Promotion	78,000	50,000	42,000	42,000
Freight and Forwarding	1.4 Lk	1.12 Lk	1.11 Lk	96,000
Miscellaneous Expenses	30,976	30,000	13,000	1.52 Lk
Loss on disposal of fixed assets(net)	0	0	0	50,000
Total Expenditure	3.26 Cr	4.1 Cr	3.87 Cr	2.8 Cr
Other Income	48.55 Lk	46.06 Lk	70.44 Lk	82.11 Lk
Interest Received	48.23 Lk	46.06 Lk	69.17 Lk	81.29 Lk
Operating Profit	79.38 Lk	1.24 Cr	2.41 Cr	1.28 Cr
Interest	5.23 Lk	6.08 Lk	1.25 Lk	1.05 Lk
Interest on Term Loan	4.79 Lk	5.67 Lk	86,000	85,000
Bank Charges etc	44,918	41,000	39,000	20,000
PBDT	74.14 Lk	1.18 Cr	2.4 Cr	1.27 Cr
Depreciation	28.58 Lk	16.94 Lk	16.81 Lk	16.7 Lk
Profit Before Taxation & Exceptional Items	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Profit Before Tax	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Provision for Tax	10.88 Lk	25.52 Lk	55.97 Lk	29.18 Lk
Current Income Tax	13.78 Lk	25.51 Lk	56.48 Lk	28.97 Lk
Deferred Tax	-2.93 Lk	-23,000	-73,000	-1.39 Lk
Profit After Tax	34.68 Lk	75.27 Lk	1.67 Cr	81.02 Lk
Consolidated Net Profit	34.68 Lk	75.27 Lk	1.67 Cr	81.02 Lk
Profit Balance B/F	7.48 Cr	7.75 Cr	8.35 Cr	9.87 Cr
Appropriations	7.83 Cr	8.5 Cr	10.02 Cr	10.68 Cr
General Reserves	8 Lk	15.01 Lk	15 Lk	5 Lk
Earnings Per Share	5.78	12.55	27.8	13.5
Adjusted EPS	5.78	12.55	27.8	13.5

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR NIRAJ ISPAT INDUSTRIES LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Adjustment	-14.74 Lk	-23.04 Lk	-52.39 Lk	-63.85 Lk
Changes In working Capital	-11.24 Lk	70.54 Lk	-1.87 Cr	-1.03 Cr
Cash Flow after changes in Working Capital	19.59 Lk	1.48 Cr	-16.61 Lk	-57.04 Lk
Cash Flow from Operating Activities	5.78 Lk	1.23 Cr	-73.31 Lk	-87.61 Lk
Cash Flow from Investing Activities	44.71 Lk	44.49 Lk	68.76 Lk	82.35 Lk
Cash Flow from Financing Activitie	-45.27 Lk	-1.76 Cr	-37,000	4.85 Lk
Net Cash Inflow / Outflow	5.22 Lk	-8.75 Lk	-4.92 Lk	-41,000
Opening Cash & Cash Equivalents	10.21 Lk	15.42 Lk	6.67 Lk	1.75 Lk
Closing Cash & Cash Equivalent	15.42 Lk	6.67 Lk	1.75 Lk	1.34 Lk

STANDALONE CASH FLOW FOR NIRAJ ISPAT INDUSTRIES LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	45.57 Lk	1.01 Cr	2.23 Cr	1.1 Cr
Adjustment	-14.74 Lk	-23.04 Lk	-52.39 Lk	-63.85 Lk
Changes In working Capital	-11.24 Lk	70.54 Lk	-1.87 Cr	-1.03 Cr
Cash Flow after changes in Working Capital	19.59 Lk	1.48 Cr	-16.61 Lk	-57.04 Lk
Cash Flow from Operating Activities	5.78 Lk	1.23 Cr	-73.31 Lk	-87.61 Lk
Cash Flow from Investing Activities	44.71 Lk	44.49 Lk	68.76 Lk	82.35 Lk
Cash Flow from Financing Activitie	-45.27 Lk	-1.76 Cr	-37,000	4.85 Lk
Net Cash Inflow / Outflow	5.22 Lk	-8.75 Lk	-4.92 Lk	-41,000
Opening Cash & Cash Equivalents	10.21 Lk	15.42 Lk	6.67 Lk	1.75 Lk
Closing Cash & Cash Equivalent	15.42 Lk	6.67 Lk	1.75 Lk	1.34 Lk

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	60 Lk	60 Lk	60 Lk	60 Lk
Equity - Authorised	60 Lk	60 Lk	60 Lk	60 Lk
Equity - Issued	60 Lk	60 Lk	60 Lk	60 Lk
Equity Paid Up	60 Lk	60 Lk	60 Lk	60 Lk
Face Value	10	10	10	10
Total Reserves	9.14 Cr	9.89 Cr	11.56 Cr	12.37 Cr
Profit & Loss Account Balance	7.75 Cr	8.35 Cr	9.87 Cr	10.63 Cr
General Reserves	1.39 Cr	1.54 Cr	1.69 Cr	1.74 Cr
Reserve excluding Revaluation Reserve	9.14 Cr	9.89 Cr	11.56 Cr	12.37 Cr
Shareholder's Funds	9.74 Cr	10.49 Cr	12.16 Cr	12.97 Cr
Unsecured Loans	3.07 Cr	1.37 Cr	1.32 Cr	1.33 Cr
Loans - Others	94.84 Lk	97,000	0	0
Deferred Tax Assets / Liabilities	17.89 Lk	17.66 Lk	16.93 Lk	15.53 Lk
Deferred Tax Liability	17.89 Lk	17.66 Lk	16.93 Lk	15.53 Lk
Total Non-Current Liabilities	3.25 Cr	1.55 Cr	1.49 Cr	1.48 Cr
Trade Payables	88.4 Lk	1.61 Cr	96.73 Lk	74.15 Lk
Sundry Creditors	88.4 Lk	1.61 Cr	96.73 Lk	74.15 Lk
Other Current Liabilities	16.12 Lk	15.13 Lk	9.58 Lk	10.21 Lk
Advances received from customers	4.44 Lk	2.87 Lk	2.72 Lk	2.65 Lk
Short Term Borrowings	0	34,000	6.43 Lk	11.79 Lk
Secured ST Loans repayable on Demands	0	34,000	6.43 Lk	11.79 Lk
Working Capital Loans- Sec	0	34,000	6.43 Lk	11.79 Lk
Short Term Provisions	13.78 Lk	25.51 Lk	10.28 Lk	1.72 Lk
Provision for Tax	13.78 Lk	25.51 Lk	10.28 Lk	1.72 Lk
Total Current Liabilities	1.18 Cr	2.02 Cr	1.23 Cr	97.87 Lk
Total Liabilities	14.17 Cr	14.06 Cr	14.88 Cr	15.43 Cr
Gross Block	3.3 Cr	3.32 Cr	3.32 Cr	1.3 Cr
Less: Accumulated Depreciation	1.5 Cr	1.67 Cr	1.84 Cr	0
Net Block	1.8 Cr	1.65 Cr	1.48 Cr	1.3 Cr
Non Current Investments	23.19 Lk	23.19 Lk	24.46 Lk	25.29 Lk
Long Term Investment	23.19 Lk	23.19 Lk	24.46 Lk	25.29 Lk
Quoted	26,505	1,000	0	0
Unquoted	23.18 Lk	23.18 Lk	24.46 Lk	25.29 Lk
Long Term Loans & Advances	8.05 Lk	8.05 Lk	8.05 Lk	8.99 Lk
Total Non-Current Assets	2.11 Cr	1.96 Cr	1.81 Cr	1.64 Cr
Unquoted	23.18 Lk	23.18 Lk	24.46 Lk	25.29 Lk
Inventories	24.23 Lk	24.97 Lk	22.51 Lk	28.48 Lk
Raw Materials	4.57 Lk	9.52 Lk	11.47 Lk	19.07 Lk
Finished Goods	15.98 Lk	13.02 Lk	9.58 Lk	7.69 Lk
Stores and Spare	3.68 Lk	2.43 Lk	1.46 Lk	1.72 Lk
Sundry Debtors	67.65 Lk	83.29 Lk	74.46 Lk	38.95 Lk
Debtors more than Six months	12,331	0	2.66 Lk	98,000
Debtors Others	67.53 Lk	83.29 Lk	71.8 Lk	37.97 Lk
Cash and Bank	15.42 Lk	6.67 Lk	1.75 Lk	1.34 Lk
Cash in hand	10,443	32,000	38,000	62,000
Balances at Bank	15.32 Lk	6.35 Lk	1.37 Lk	72,000
Other Current Assets	1.82 Lk	1.59 Lk	1.19 Lk	51,000
Prepaid Expenses	1.82 Lk	1.59 Lk	1.19 Lk	51,000
Short Term Loans and Advances	10.97 Cr	10.93 Cr	12.07 Cr	13.09 Cr
Advances recoverable in cash or in kind	10.81 Cr	10.67 Cr	12.06 Cr	13.09 Cr
Total Current Assets	12.06 Cr	12.1 Cr	13.07 Cr	13.79 Cr
Net Current Assets (Including Current Investments)	10.88 Cr	10.08 Cr	11.84 Cr	12.81 Cr
Total Assets	14.17 Cr	14.06 Cr	14.88 Cr	15.43 Cr
Total Debt	3.07 Cr	1.38 Cr	1.39 Cr	1.44 Cr
Book Value	162.32	174.86	0	216.17
Adjusted Book Value	162.32	174.86	202.66	216.17

STANDALONE BALANCE SHEET FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	60 Lk	60 Lk	60 Lk	60 Lk
Equity - Authorised	60 Lk	60 Lk	60 Lk	60 Lk
Equity - Issued	60 Lk	60 Lk	60 Lk	60 Lk
Equity Paid Up	60 Lk	60 Lk	60 Lk	60 Lk
Face Value	10	10	10	10
Total Reserves	9.14 Cr	9.89 Cr	11.56 Cr	12.37 Cr
Profit & Loss Account Balance	7.75 Cr	8.35 Cr	9.87 Cr	10.63 Cr
General Reserves	1.39 Cr	1.54 Cr	1.69 Cr	1.74 Cr
Reserve excluding Revaluation Reserve	9.14 Cr	9.89 Cr	11.56 Cr	12.37 Cr
Shareholder's Funds	9.74 Cr	10.49 Cr	12.16 Cr	12.97 Cr
Unsecured Loans	3.07 Cr	1.37 Cr	1.32 Cr	1.33 Cr
Loans - Others	94.84 Lk	97,000	0	0
Deferred Tax Assets / Liabilities	17.89 Lk	17.66 Lk	16.93 Lk	15.53 Lk
Deferred Tax Liability	17.89 Lk	17.66 Lk	16.93 Lk	15.53 Lk
Total Non-Current Liabilities	3.25 Cr	1.55 Cr	1.49 Cr	1.48 Cr
Trade Payables	88.4 Lk	1.61 Cr	96.73 Lk	74.15 Lk
Sundry Creditors	88.4 Lk	1.61 Cr	96.73 Lk	74.15 Lk
Other Current Liabilities	16.12 Lk	15.13 Lk	9.58 Lk	10.21 Lk
Advances received from customers	4.44 Lk	2.87 Lk	2.72 Lk	2.65 Lk
Short Term Borrowings	0	34,000	6.43 Lk	11.79 Lk
Secured ST Loans repayable on Demands	0	34,000	6.43 Lk	11.79 Lk
Working Capital Loans- Sec	0	34,000	6.43 Lk	11.79 Lk
Short Term Provisions	13.78 Lk	25.51 Lk	10.28 Lk	1.72 Lk
Provision for Tax	13.78 Lk	25.51 Lk	10.28 Lk	1.72 Lk
Total Current Liabilities	1.18 Cr	2.02 Cr	1.23 Cr	97.87 Lk
Total Liabilities	14.17 Cr	14.06 Cr	14.88 Cr	15.43 Cr
Gross Block	3.3 Cr	3.32 Cr	3.32 Cr	1.3 Cr
Less: Accumulated Depreciation	1.5 Cr	1.67 Cr	1.84 Cr	0
Net Block	1.8 Cr	1.65 Cr	1.48 Cr	1.3 Cr
Non Current Investments	23.19 Lk	23.19 Lk	24.46 Lk	25.29 Lk
Long Term Investment	23.19 Lk	23.19 Lk	24.46 Lk	25.29 Lk
Quoted	26,505	1,000	0	0
Unquoted	23.18 Lk	23.18 Lk	24.46 Lk	25.29 Lk
Long Term Loans & Advances	8.05 Lk	8.05 Lk	8.05 Lk	8.99 Lk
Total Non-Current Assets	2.11 Cr	1.96 Cr	1.81 Cr	1.64 Cr
Unquoted	23.18 Lk	23.18 Lk	24.46 Lk	25.29 Lk
Inventories	24.23 Lk	24.97 Lk	22.51 Lk	28.48 Lk
Raw Materials	4.57 Lk	9.52 Lk	11.47 Lk	19.07 Lk
Finished Goods	15.98 Lk	13.02 Lk	9.58 Lk	7.69 Lk
Stores and Spare	3.68 Lk	2.43 Lk	1.46 Lk	1.72 Lk
Sundry Debtors	67.65 Lk	83.29 Lk	74.46 Lk	38.95 Lk
Debtors more than Six months	12,331	0	2.66 Lk	98,000
Debtors Others	67.53 Lk	83.29 Lk	71.8 Lk	37.97 Lk
Cash and Bank	15.42 Lk	6.67 Lk	1.75 Lk	1.34 Lk
Cash in hand	10,443	32,000	38,000	62,000
Balances at Bank	15.32 Lk	6.35 Lk	1.37 Lk	72,000
Other Current Assets	1.82 Lk	1.59 Lk	1.19 Lk	51,000
Prepaid Expenses	1.82 Lk	1.59 Lk	1.19 Lk	51,000
Short Term Loans and Advances	10.97 Cr	10.93 Cr	12.07 Cr	13.09 Cr
Advances recoverable in cash or in kind	10.81 Cr	10.67 Cr	12.06 Cr	13.09 Cr
Total Current Assets	12.06 Cr	12.1 Cr	13.07 Cr	13.79 Cr
Net Current Assets (Including Current Investments)	10.88 Cr	10.08 Cr	11.84 Cr	12.81 Cr
Total Assets	14.17 Cr	14.06 Cr	14.88 Cr	15.43 Cr
Total Debt	3.07 Cr	1.38 Cr	1.39 Cr	1.44 Cr
Book Value	162.32	174.86	0	216.17
Adjusted Book Value	162.32	174.86	202.66	216.17

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	5.78	12.55	27.8	13.5
CEPS(Rs)	10.54	15.37	30.6	16.29
Book NAV/Share(Rs)	162.32	174.86	202.66	216.17
Tax Rate(%)	23.88	25.32	25.12	26.48
Margin Ratios
Core EBITDA Margin(%)	8.65	15.95	30.59	14.05
EBIT Margin(%)	14.25	21.93	40.22	34.1
Pre Tax Margin(%)	12.78	20.68	40	33.78
PAT Margin (%)	9.73	15.44	29.95	24.84
Cash Profit Margin (%)	17.75	18.92	32.97	29.96
Performance Ratios
ROA(%)	2.45	5.33	11.53	5.35
ROE(%)	3.63	7.44	14.73	6.45
ROCE(%)	3.96	8.66	17.63	7.96
Asset Turnover(x)	0.25	0.35	0.38	0.22
Sales/Fixed Asset(x)	1.33	1.47	1.68	2.34
Working Capital/Sales(x)	0.33	0.48	0.47	0.25
Efficiency Ratios
Fixed Capital/Sales(x)	0.75	0.68	0.6	0.43
Receivable days	65.91	56.52	51.69	63.45
Inventory Days	24.63	18.42	15.56	28.53
Payable days	141.7	155.59	170.01	182.34
Valuation Parameters
PER(x)	0	0	0	14.17
PCE(x)	0	0	0	11.75
Price/Book(x)	0	0	0	0.89
EV/Net Sales(x)	0.99	0.39	0.35	3.96
EV/Core EBITDA(x)	4.43	1.54	0.82	10.09
EV/EBIT(x)	6.93	1.79	0.88	11.61
EV/CE(x)	0.25	0.14	0.13	0.9
M Cap / Sales	0	0	0	3.52
Growth Ratio
Net Sales Growth(%)	-28.66	36.72	14.28	-41.43
Core EBITDA Growth(%)	-34.67	55.99	94.52	-46.87
EBIT Growth(%)	-44.25	110.42	109.62	-50.34
PAT Growth(%)	-33.65	117.04	121.6	-51.43
EPS Growth(%)	-33.65	117.04	121.6	-51.43
Financial Stability Ratios
Total Debt/Equity(x)	0.32	0.13	0.11	0.11
Current Ratio(x)	10.2	6	10.63	14.09
Quick Ratio(x)	9.99	5.88	10.44	13.8
Interest Cover(x)	9.71	17.58	179.22	105.95
Total Debt/Mcap(x)	0	0	0	0.13

FINANCIAL RATIOS (STANDALONE) FOR NIRAJ ISPAT INDUSTRIES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	5.78	12.55	27.8	13.5
CEPS(Rs)	10.54	15.37	30.6	16.29
Book NAV/Share(Rs)	162.32	174.86	202.66	216.17
Tax Rate(%)	23.88	25.32	25.12	26.48
Margin Ratios
Core EBITDA Margin(%)	8.65	15.95	30.59	14.05
EBIT Margin(%)	14.25	21.93	40.22	34.1
Pre Tax Margin(%)	12.78	20.68	40	33.78
PAT Margin (%)	9.73	15.44	29.95	24.84
Cash Profit Margin (%)	17.75	18.92	32.97	29.96
Performance Ratios
ROA(%)	2.45	5.33	11.53	5.35
ROE(%)	3.63	7.44	14.73	6.45
ROCE(%)	3.96	8.66	17.63	7.96
Asset Turnover(x)	0.25	0.35	0.38	0.22
Sales/Fixed Asset(x)	1.33	1.47	1.68	2.34
Working Capital/Sales(x)	0.33	0.48	0.47	0.25
Efficiency Ratios
Fixed Capital/Sales(x)	0.75	0.68	0.6	0.43
Receivable days	65.91	56.52	51.69	63.45
Inventory Days	24.63	18.42	15.56	28.53
Payable days	141.7	155.59	170.01	182.34
Valuation Parameters
PER(x)	0	0	0	14.17
PCE(x)	0	0	0	11.75
Price/Book(x)	0	0	0	0.89
EV/Net Sales(x)	0.99	0.39	0.35	3.96
EV/Core EBITDA(x)	4.43	1.54	0.82	10.09
EV/EBIT(x)	6.93	1.79	0.88	11.61
EV/CE(x)	0.25	0.14	0.13	0.9
M Cap / Sales	0	0	0	3.52
Growth Ratio
Net Sales Growth(%)	-28.66	36.72	14.28	-41.43
Core EBITDA Growth(%)	-34.67	55.99	94.52	-46.87
EBIT Growth(%)	-44.25	110.42	109.62	-50.34
PAT Growth(%)	-33.65	117.04	121.6	-51.43
EPS Growth(%)	-33.65	117.04	121.6	-51.43
Financial Stability Ratios
Total Debt/Equity(x)	0.32	0.13	0.11	0.11
Current Ratio(x)	10.2	6	10.63	14.09
Quick Ratio(x)	9.99	5.88	10.44	13.8
Interest Cover(x)	9.71	17.58	179.22	105.95
Total Debt/Mcap(x)	0	0	0	0.13

SHARE HOLDING PATTERN FOR NIRAJ ISPAT INDUSTRIES LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	74.59	74.58	74.58	74.58	74.58	74.58	74.58	74.58	74.58	74.43
FII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	25.42	25.42	25.42	25.42	25.42	25.42	25.42	25.42	25.42	25.57

PEER COMPARISON FOR NIRAJ ISPAT INDUSTRIES LIMITED

No.	Name
1	Century Textiles & Industries Limited
2	Grasim Industries Limited
3	Oswal Agro Mills Limited
4	Birla Corporation Limited
5	Surya Roshni Limited
6	Prism Johnson Limited
7	Kesoram Industries Limited
8	SRF Limited
9	Texmaco Infrastructure & Holdings Limited
10	KESAR ENTERPRISES LTD
11	UNIWORTH INTERNATIONAL LTD
12	Balmer Lawrie & Company Limited
13	DCM Shriram Limited
14	3M India Limited
15	SARTHAK INDUSTRIES LTD
16	Gillanders Arbuthnot & Company Limited
17	The Andhra Sugars Limited
18	Aspinwall and Company Limited
19	Niraj Ispat Industries Limited