₹215.63
+3.17% today
· 30d -28.12%
as of 2026-11-09
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 (-11.1% 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 🔒
60
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
5
Valuation
CHEAP
90
Growth
STEADY
52
Profitability
HIGH
90
Technicals
WEAK
45
Risk
LOW
80
Key Stats
TTM PE
8.42
52W HIGH
₹429.65
OFF HIGH
-49.81%
MKT CAP
₹13 Cr
◉ Active Signals
MACDBearish-3.6093
RSI(14)Bearish31.12
⧉ Strategy Fit 🔒