Company Overview

Niraj Ispat Industries Limited was incorporated on 19th August, 1985. The company specializes in the manufacturing of polyester buttons, available in two or four thread holes, and utilized in dresses, sweaters, pouches, and shirts. These buttons are offered in a variety of colors, sizes, and designs, making them widely acknowledged and used across residential and commercial sectors due to their numerous advantages. The company operates from its registered office located at 5140-41 / 34, F / F Chaudhary Market, Gali Peti Wali, Rui Mandi, Sadar Bazar, Delhi-110006.

The manufacturing process utilizes high-quality materials procured from certified market sources, ensuring excellence. Each button is thoroughly checked on various parameters by a dedicated team to guarantee flawlessness. The company offers these polyester buttons to clients at cost-effective prices.

Market Position and Trading Information

Niraj Ispat Industries Ltd (NIRAJISPAT) has a market capitalization of ₹21.47 Cr as of 25th June 2025. The company is listed on both the NSE and BSE, trading under the stock symbol NIRAJISPAT on NSE, with an ISIN of INE326T01011. The 52-week trading range for the stock is between ₹185.65 (low) and ₹375.75 (high).

The Price-to-Earnings (P/E) ratio for Niraj Ispat Industries Ltd (NIRAJISPAT) stands at 16.03, and the Price-to-Book (P/B) ratio is 1.66. The company has demonstrated positive momentum in the stock market, with a 46.55% increase in value over the past year.

Financial Performance

#### Recent Financial Results (FY 2025)

Niraj Ispat Industries has reported strong financial performance for the fiscal year ending March 2025.

- Annual Net Profit: Rose by 65.43% to Rs 1.34 crore in FY2025, compared to Rs 0.81 crore in FY2024.

- Annual Sales: Increased by 14.11% to Rs 3.72 crore in FY2025, up from Rs 3.26 crore in FY2024.

#### Quarterly Performance (Q4 FY 2025)

The company delivered exceptional results for the fourth quarter ending March 2025:

- Q4 Net Profit: Increased by 87.50% to Rs 0.30 crore, compared to Rs 0.16 crore in the same quarter of the previous year (Q4 FY2024).

- Q4 Sales: Grew by 49.25% to Rs 1.00 crore in Q4 FY2025, from Rs 0.67 crore in Q4 FY2024.

#### Key Financial Metrics

- Annual Sales (FY2025): Rs 3.72 crore

- Annual Net Profit (FY2025): Rs 1.34 crore

- Q4 FY2025 Sales: Rs 1.00 crore

- Q4 FY2025 Net Profit: Rs 0.30 crore

- Note: Earnings include other income of Rs 1.06 crore.

Management and Corporate Governance

The Board of Directors comprises Four Directors and One Chief Financial Officer (CFO).

- Mr. Chaitanya Chaudhry: Executive Director cum CEO

- Ms. Vaishali Chaudhry: Non-Executive Director

- Mr. Anil Kumar Sharma: Non-Executive and Independent Director

- Mr. Rajeev Kumar Singhal: Non-Executive Director and Independent Director

- Mr. Niraj Chaudhry: CFO (as of end of Financial Year)

Mr. Shadman Khan serves as the Company Secretary for Niraj Ispat Industries Ltd.

The company upholds strong corporate governance practices. It received an exemption from the SEBI secretarial compliance report for FY2025 due to its low capital and net worth. The management is committed to transparency, demonstrated through regular board meetings and adherence to regulatory requirements.

Industry Position and Business Model

Niraj Ispat Industries Ltd (NIRAJISPAT) operates within the Consumer Discretionary sector, specifically in the Textiles sub-sector, focusing on the plastic products industry with an emphasis on polyester button manufacturing. While the company has experienced challenges with historical sales growth (-5.74% over the past five years), recent financial results indicate a positive turnaround with significant growth in both revenue and profitability.

The core business model revolves around producing high-quality polyester buttons that cater to diverse segments of the textile industry. These products find applications in various sectors, from fashion garments to commercial textiles, contributing to diversified revenue streams.

Investment Highlights and Risk Factors

#### Strengths

- Remarkable improvement in profitability metrics, showing strong year-over-year growth in revenue and net profit.

- Operates in a niche market with established manufacturing capabilities and stringent quality control processes.

#### Areas of Concern

- Low Return on Equity (ROE) of 10.2% over the last 3 years.

- Historical five-year sales performance presented challenges, which the company is actively addressing through operational improvements and market expansion strategies.

Recent Corporate Developments

- May 30, 2025: Niraj Ispat published audited financial results for the quarter and year ended March 31, 2025. The company maintains an active corporate calendar, conducting regular board meetings and ensuring transparency through timely disclosure of financial results and corporate actions.

- Promoter Holding: Promoter holding in Niraj Ispat Industries Ltd decreased slightly to 74.43% as of December 2024, from 74.58% as of March 2024. This indicates stable promoter confidence while allowing for public participation.

The company continues to prioritize operational excellence and market expansion, solidifying its position as a specialized manufacturer in the polyester button segment of the textile accessories industry.

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