₹387.8
-5.0% today
· 30d +98.87%
as of 2026-09-04
Price · Daily Candles
“Niraj Ispat's shares dive 42% in 3 months as MACD flashes bearish, despite annual profit surge.”
Niraj Ispat, a micro-cap apparel manufacturer with a ₹13 Cr market cap, has seen net profit rise 21.61% YoY to ₹2 Cr for FY26, yet its stock price has plummeted by 42.78% in the last three months. The company trades at a TTM P/E of 8.42, significantly below sector peers, indicating a potential value play amidst price weakness.
BULL CASE
+Annual net profit grew 21.61% YoY to ₹2 Cr for FY26, demonstrating continued profitability.
+The trailing twelve-month P/E ratio stands at a low 8.42, presenting a substantial discount compared to sector peers like PAGEIND (55.94) and MANYAVAR (26.85).
+Operating profit for Q4 FY26 increased by 5.16% YoY, reaching ₹1 Cr, even as revenue dipped.
+The stock is trading at 64.82% below its 52-week high of ₹612.5, suggesting significant recovery potential.
BEAR CASE
−Q4 FY26 revenue declined by 10.39% YoY to ₹1 Cr, indicating a slowdown in sales.
−The stock price has seen significant recent declines, dropping 42.78% over the last 3 months and 12.78% in the past month, with a 'strong bearish' MACD signal.
−ML predictions for Free Cash Flow (FCF) growth show a 'weak' rank across all horizons (e.g., fcf_1y_recent_2y rank 0.188), reflecting concerns about future cash generation.
−Annual revenue for FY26 saw a marginal decline of 2.53% YoY to ₹4 Cr, and a 3-year revenue CAGR of -16.72% signals a longer-term top-line struggle.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹1 Cr
-6.8% YoY
NET PROFIT
₹0 Cr
-25.88% YoY
OPM
34.72%
-9.91pp YoY
EPS
₹4.97
PE 8.42
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-6.3% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Niraj Ispat's TTM P/E of 8.42 positions it as a deep value play against sector giants like PAGEIND (PE 55.94, ROCE 68.86%) and MANYAVAR (PE 26.85, ROCE 31.02%).
PEERPEROCE %
NIRAJISPAT8.42—
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
70
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
NEUTRAL
40
Valuation
CHEAP
90
Growth
STEADY
52
Profitability
HIGH
90
Technicals
NEUTRAL
68
Risk
LOW
80
Key Stats
TTM PE
8.42
52W HIGH
₹521.4
OFF HIGH
-25.62%
MKT CAP
₹23 Cr
◉ Active Signals
MACDBullish20.4035
RSI(14)Bearish75.4
⧉ Strategy Fit 🔒