Nidhi Granites Ltd Stock Price Today (NSE: NIDHGRN)
Fundamental Score
Nidhi Granites Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Nidhi Granites Ltd share price today is ₹304.45, down 1.41% on NSE/BSE as of 31 July 2026. Nidhi Granites Ltd (NIDHGRN) is a Small-cap company in the Other Construction Materials sector with a market capitalisation of ₹293.60 (Cr). The 52-week high for NIDHGRN share price is ₹480.75 and the 52-week low is ₹181.45. At a P/E ratio of 38.23x, NIDHGRN is currently trading above its industry average P/E of 16.06x. The company has a Return on Equity (ROE) of 41.05% and a debt-to-equity ratio of 0.12.
Nidhi Granites Ltd Share Price Chart — NSE/BSE Historical Performance
Nidhi Granites Ltd share price chart: -17.60% return over the past month. 52-week high ₹480.75, 52-week low ₹181.45.
Nidhi Granites Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹308.80 | ₹308.80 | ₹304.45 | ₹304.45 | 45.00 (Cr) | |
| ₹310.00 | ₹310.00 | ₹306.00 | ₹308.80 | 76.00 (Cr) | |
| ₹308.00 | ₹308.00 | ₹282.00 | ₹305.35 | 289.00 (Cr) | |
| ₹294.15 | ₹294.15 | ₹294.15 | ₹294.15 | 528.00 (Cr) | |
| ₹309.60 | ₹309.60 | ₹309.60 | ₹309.60 | 315.00 (Cr) | |
| ₹336.35 | ₹337.95 | ₹321.10 | ₹325.85 | 99.00 (Cr) | |
| ₹337.30 | ₹338.90 | ₹336.90 | ₹338.00 | 82.00 (Cr) | |
| ₹336.80 | ₹336.80 | ₹336.80 | ₹336.80 | 255.00 (Cr) | |
| ₹365.00 | ₹370.90 | ₹352.50 | ₹354.50 | 160.00 (Cr) | |
| ₹370.95 | ₹370.95 | ₹370.95 | ₹370.95 | 0.00 (Cr) |
Nidhi Granites Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹380.75 | ₹393.00 | ₹282.00 | ₹304.45 | -20.04% | |
| ₹350.00 | ₹440.90 | ₹350.00 | ₹362.65 | +3.61% | |
| ₹333.50 | ₹365.00 | ₹310.70 | ₹355.00 | +6.45% | |
| ₹244.55 | ₹349.50 | ₹181.45 | ₹333.50 | +36.37% | |
| ₹309.90 | ₹310.00 | ₹203.35 | ₹222.35 | -28.25% | |
| ₹392.00 | ₹392.00 | ₹293.00 | ₹318.90 | -18.65% | |
| ₹378.00 | ₹405.90 | ₹343.90 | ₹358.35 | -5.20% | |
| ₹410.85 | ₹440.00 | ₹365.75 | ₹391.45 | -4.72% | |
| ₹449.70 | ₹458.65 | ₹385.65 | ₹412.90 | -8.18% | |
| ₹382.30 | ₹480.75 | ₹346.75 | ₹440.90 | +15.33% | |
| ₹288.15 | ₹374.90 | ₹282.40 | ₹374.90 | +30.11% | |
| ₹230.10 | ₹306.00 | ₹230.05 | ₹294.00 | +27.77% |
AI Research Briefing
Powered by Gemini · 2026-04-22
Nidhi Granites is a microcap trading at an unjustifiable valuation, banking on a fintech mirage while its granite business crumbles.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Nidhi Granites reported Q3 FY26 results with revenue at Cr, up 15.9% YoY, and net profit at , up 134.1% YoY. Operating Profit stood at , reflecting a quarter-on-quarter (QoQ) increase of 59.91% from The company also sold its step-down subsidiary, Fine Papyrus Private Limited. The registered office has been shifted from Andheri East to Malad West, Mumbai, effective April 1, 2026.
CORE STORY (THE REAL GAME)
Nidhi Granites is trying to transform itself from a granite business into a financial technology and trading play. The market is trying to figure out if the core business is actually worth anything, or if this is just a vehicle for something else.
- Q3 FY26 results show a significant increase in net profit, driven by the fintech segment
- Sale of step-down subsidiary, Fine Papyrus Private Limited
- Relocation of registered office to Malad West, Mumbai
- Sustained high margins from the fintech business
- Significant order wins in the granite business
- Reduction in pledged shares
- Micro/SME cap implies liquidity risk
- High P/E of 92.01x compared to industry P/E of 37.66x
- 40.26% promoter pledged shares
No FII or DII holdings. Promoter holding steady at 66.76% but with significant pledged shares.
Building materials sector has tailwinds from infrastructure development, but Nidhi Granites' core business faces challenges.
Poor. Free Cash Flow 5Y is ₹-7.33 Cr.
Next 3-6 months hinge on the sustainability of fintech margins and any signs of revival in the granite business. Expect high volatility.
Primary Thesis Risk
Unsustainable fintech margins and questionable promoter governance could lead to a complete collapse.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Nidhi Granites Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Nidhi Granites Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of NIDHGRN across key market metrics for learning purposes.
Positive Indicators
11 factors identified
Strong Return on Equity (41.05%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (51.01%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Robust Profit Growth (320.45%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (58.97%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (237.28% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (83.09% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (155.89% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.12)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (35.68x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (66.75%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
2 factors identified
Negative Free Cash Flow (₹-6.37 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Nidhi Granites Ltd vs Other Construction Materials Peers
Peer Comparison - Other Construction Materials
Compare Nidhi Granites Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Nidhi Granites LtdNidhi Granites ...Selected✓ NIDHGRN • 512103 | 64.8/100 | ₹304.45₹304 | ₹293.60₹293.60 | 38.23Average 38.2 Average | 41.05%Excellent 41.05% Excellent | 51.01%Excellent 51.01% Excellent | 0.12Excellent 0.1 Excellent | 155.89%Excellent 155.89% Excellent | 237.28%Excellent 237.28% Excellent | 0.00% |
Midwest Gold LimitedMidwest Gold Li... MIDWEST • 526570 | 5/100 | ₹3841.90₹3842 | ₹4992.02₹4992.02 | — — | -5.73%Poor -5.73% Poor | -2.55%Poor -2.55% Poor | 0.75Good 0.8 Good | — — | — — | 0.00% |
Ramco Industries LtdRamco Industrie... RAMCOIND • 532369 | 49.1/100 | ₹326.40₹326 | ₹3183.16₹3183.16 | 10.58Average 10.6 Average | 6.87%Poor 6.87% Poor | 4.57%Poor 4.57% Poor | 0.04Excellent 0.0 Excellent | 1.50%Average 1.50% Average | 8.19%Good 8.19% Good | 0.34% |
ArisInfra Solutions LimitedArisInfra Solut... ARISINFRA • 544419 | 31.8/100 | ₹103.08₹103 | ₹874.13₹874.13 | 16.06Average 16.1 Average | 11.22%Average 11.22% Average | 15.57%Good 15.57% Good | 0.10Excellent 0.1 Excellent | — — | — — | 0.00% |
Everest Industries LtdEverest Industr... EVERESTIND • 508906 | 9.7/100 | ₹450.65₹451 | ₹807.98₹807.98 | — — | -16.08%Poor -16.08% Poor | -8.50%Poor -8.50% Poor | 0.46Excellent 0.5 Excellent | — — | 3.07%Average 3.07% Average | 0.19% |
VISHNUSURYA PROJECVISHNUSURYA PRO... VISHNUINFR • | 43.6/100 | ₹159.70₹160 | ₹414.81₹414.81 | 11.66Average 11.7 Average | 18.14%Good 18.14% Good | 19.92%Good 19.92% Good | 0.28Excellent 0.3 Excellent | 54.60%Excellent 54.60% Excellent | 40.95%Excellent 40.95% Excellent | 0.62% |
Marble City India LtdMarble City Ind... MARBLE • 531281 | 20.7/100 | ₹119.60₹120 | ₹332.08₹332.08 | 46.57Average 46.6 Average | 10.06%Average 10.06% Average | 13.77%Average 13.77% Average | 1.54Average 1.5 Average | — — | — — | 0.00% |
Sahyadri Industries LtdSahyadri Indust... SAHYADRI • 532841 | 52.2/100 | ₹303.60₹304 | ₹309.19₹309.19 | 10.50Average 10.5 Average | 7.51%Poor 7.51% Poor | 9.71%Poor 9.71% Poor | 0.04Excellent 0.0 Excellent | -13.62%Poor -13.62% Poor | 7.54%Good 7.54% Good | 0.35% |
Glittek Granites LtdGlittek Granite... GLITTEKG • 513528 | 21/100 | ₹63.85₹64 | ₹132.19₹132.19 | — — | -3.47%Poor -3.47% Poor | -3.38%Poor -3.38% Poor | 0.00Excellent 0.0 Excellent | 13.39%Good 13.39% Good | -67.75%Poor -67.75% Poor | 0.00% |
Ravi Leela Granites LtdRavi Leela Gran... RALEGRA • 526095 | 67.8/100 | ₹37.45₹37 | ₹57.69₹57.69 | 5.81Average 5.8 Average | 58.34%Excellent 58.34% Excellent | 20.89%Excellent 20.89% Excellent | 2.66Poor 2.7 Poor | 31.28%Excellent 31.28% Excellent | 12.33%Good 12.33% Good | 0.00% |
Divyashakti LimitedDivyashakti Lim... DIVSHKT • 526315 | 12.4/100 | ₹50.00₹50 | ₹51.15₹51.15 | 48.72Average 48.7 Average | 0.53%Poor 0.53% Poor | 0.76%Poor 0.76% Poor | 0.03Excellent 0.0 Excellent | -30.12%Poor -30.12% Poor | -9.38%Poor -9.38% Poor | 4.02% |
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Nidhi Granites Ltd PE Ratio History
Historical price-to-earnings ratio for NIDHGRN — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2024 | ₹0.98 | ₹225.10 | 229.7x |
| FY 2023 | ₹2.08 | ₹62.61 | 30.2x |
| FY 2022 | ₹2.03 | ₹27.90 | 13.7x |
| FY 2021 | ₹0.47 | ₹35.35 | 74.4x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Nidhi Granites Ltd Quarterly Performance
Latest quarterly metrics for NIDHGRN — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
58.97%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
320.45%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
237.28%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
155.89%
Compounded annual net profit growth over 5 years
Nidhi Granites Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for NIDHGRN — calculated from daily price history
Selling pressure is heavy — potential reversal zone.
Technical indicators are for educational purposes only. Not investment advice.
Nidhi Granites Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Nidhi Granites Ltd (NIDHGRN) — sourced from NSE/BSE filings.
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About NIDHGRN (Nidhi Granites Ltd)
Nidhi Granites Ltd is a multifaceted entity deeply rooted in the bedrock of the Indian construction and design landscape. Beyond the name suggesting a focus solely on granite, the ...company orchestrates a symphony of building materials, transforming raw stone into aesthetically refined expressions. Nidhi Granites is a purveyor of possibilities, offering meticulously crafted granite and marble slabs and tiles that add enduring elegance to any architectural vision. The company also sources and prepares sandstone and limestone products, offering a comprehensive suite of natural stone solutions catering to diverse project specifications and artistic preferences. This positions Nidhi Granites as a crucial link in the supply chain, connecting quarries to creators, and raw potential to polished reality. However, Nidhi Granites' expertise doesn't end with stone. The company also branches into the complementary sectors of paper and paperboard products, providing versatile materials for packaging and print applications. Furthermore, Nidhi Granites ventures into the garment industry, reflecting a diversified approach to business and a willingness to explore various avenues of growth. This multi-faceted approach underscores a commitment to adaptability and responsiveness to market demands, positioning Nidhi Granites as a dynamic player within the wider Indian economy. These additional ventures highlight a strategic vision that extends beyond traditional stone fabrication. Established in 1981 and headquartered in the bustling metropolis of Mumbai, India, Nidhi Granites benefits from a strategically advantageous location. This placement facilitates streamlined distribution across the nation, ensuring its products reach a wide network of clients, from architects and developers to interior designers and individual homeowners. From its humble beginnings, Nidhi Granites has grown into a reliable source for quality construction materials and diversified product offerings, establishing itself as a prominent fixture in the Indian marketplace, driven by a commitment to quality, innovation, and customer satisfaction.
Company Details
Key Leadership
Corporate Events
NIDHGRN Share Price: Frequently Asked Questions
What is the current share price of Nidhi Granites Ltd?
Nidhi Granites Ltd (NIDHGRN) trades at ₹304.45 on NSE and BSE. Market cap ₹293.60 (Cr). Educational data only.
What is the P/E ratio of Nidhi Granites Ltd?
Nidhi Granites Ltd has a P/E of 38.23x vs industry average 16.06x.
What is the Bull Run score for Nidhi Granites Ltd?
Nidhi Granites Ltd has a Bull Run score of 64.8/100 based on 25+ financial parameters.
Does Nidhi Granites Ltd pay dividends?
Nidhi Granites Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Nidhi Granites Ltd?
Nidhi Granites Ltd has ROE of 41.05%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Nidhi Granites Ltd?
Nidhi Granites Ltd has debt-to-equity of 0.12.
Is Nidhi Granites Ltd a good investment?
Bull Run gives Nidhi Granites Ltd a score of 64.8/100. This is not investment advice — consult a SEBI-registered advisor.