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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Nitiraj Engineers's share price for the quarter that ended in Jun. 2026 was ₹186.49. Nitiraj Engineers's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 10.2 Mil. Therefore, Nitiraj Engineers's market cap for the quarter that ended in Jun. 2026 was ₹1,907.8 Mil.
Nitiraj Engineers's quarterly market cap
increased
from Dec. 2025 (₹1,938.2 Mil) to Mar. 2026 (₹2,065.7 Mil) but then
declined
from Mar. 2026 (₹2,065.7 Mil) to Jun. 2026 (₹1,907.8 Mil).
Nitiraj Engineers's annual market cap
increased
from Mar. 2024 (₹1,778.0 Mil) to Mar. 2025 (₹2,728.3 Mil) but then
declined
from Mar. 2025 (₹2,728.3 Mil) to Mar. 2026 (₹2,068.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Nitiraj Engineers's Enterprise Value for Today is ₹1,813.5 Mil.
Nitiraj Engineers (NSE:NITIRAJ) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Nitiraj Engineers Market Cap Related Terms
Nitiraj Engineers Market Cap Historical Data
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The historical data trend for Nitiraj Engineers's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:NITIRAJ vs GRMN, COHR, KEYS: Market Cap Comparison
For the Scientific & Technical Instruments subindustry, Nitiraj Engineers's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nitiraj Engineers Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Nitiraj Engineers's Market Cap distribution charts can be found below:
* The bar in red indicates where Nitiraj Engineers's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Nitiraj Engineers's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nitiraj Engineers (NSE:NITIRAJ) has a Market Cap of ₹2,102.8 Mil as of Sep. 03, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nitiraj Engineers and its competitors. According to the industry distribution chart, Nitiraj Engineers ranks #2126 out of 2519 companies in the Hardware industry, placing it in the top 84.4%.
Is Nitiraj Engineers' Market Cap too high?
Nitiraj Engineers' current Market Cap is ₹2,102.8 Mil. Based on the distribution chart, Nitiraj Engineers ranks #2126 out of 2519 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nitiraj Engineers has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitiraj Engineers' Market Cap compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nitiraj Engineers ranks #2126 out of 2519 companies for Market Cap. This places Nitiraj Engineers in the lower half of its industry. The industry median Market Cap is 214.11. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Hardware company?
The median Market Cap among Hardware companies is 214.11, based on 2,519 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nitiraj Engineers and its competitors. For the Hardware industry, the median Market Cap is 214.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitiraj Engineers's current Market Cap is ₹2,102.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitiraj Engineers stock overvalued right now?
Based on GuruFocus' analysis, Nitiraj Engineers (NSE:NITIRAJ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹141.59, compared to a current price of ₹205.13 — trading 44.9% above its estimated fair value. The current Market Cap is ₹2,102.8 Mil. Nitiraj Engineers' overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Nitiraj Engineers (NSE:NITIRAJ), the current Market Cap is ₹2,102.8 Mil as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nitiraj Engineers (NSE:NITIRAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Nitiraj Engineers stock appears to be overvalued.
The current stock price of ₹205.13 is trading 44.9% above its estimated GF Value™ of ₹141.59.
GuruFocus considers Nitiraj Engineers to be Significantly Overvalued.
Key valuation signals for NSE:NITIRAJ:
Market Cap: ₹2,102.8 Mil
GF Value™: ₹141.59 vs. price of ₹205.13 (44.9% above fair value)
No single metric tells the full story. See the NSE:NITIRAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitiraj Engineers Ltd offers measuring and counting devices in India. It operates in five broad segments, i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically, it derives a majority of its revenue from India.
55GF Score
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