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Nitiraj EngineersNSE:NITIRAJ +0.73%55 ROA % is 4.39% as of Jun. 2026, which is 4% below its 10-year median of 4.58. GuruFocus rates NSE:NITIRAJ with a GF Score™ of 55/100 and a GF Value™ of ₹141.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,497 Hardware companies, Nitiraj Engineers ranks worse than 51.1% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nitiraj Engineers's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹40.9 Mil.
Nitiraj Engineers's average Total Assets over the quarter that ended in Jun. 2026 was ₹931.6 Mil. Therefore, Nitiraj Engineers's annualized ROA % for the quarter that ended in Jun. 2026 was 4.39%.
The historical rank and industry rank for Nitiraj Engineers's ROA % or its related term are showing as below:
NSE:NITIRAJ'
s ROA % Range Over the Past 10 Years
Min: -4.51 Med: 4.58 Max: 14.13
Current: 2.58
During the past 13 years, Nitiraj Engineers's highest ROA % was 14.13%. The lowest was -4.51%. And the median was 4.58%.
NSE:NITIRAJ's ROA % is ranked worse than 51.1% of 2497
companies
in the Hardware industry
Industry Median: 2.75
vs NSE:NITIRAJ: 2.58
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Nitiraj Engineers ROA % Related Terms
Nitiraj Engineers ROA % Historical Data
* Premium members only.
The historical data trend for Nitiraj Engineers's ROA % 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.
For the Scientific & Technical Instruments subindustry, Nitiraj Engineers's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Nitiraj Engineers's ROA % distribution charts can be found below:
* The bar in red indicates where Nitiraj Engineers's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Nitiraj Engineers (NSE:NITIRAJ) has a ROA % of 4.39% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nitiraj Engineers and its competitors. This is near median its historical median of 4.58. According to the industry distribution chart, Nitiraj Engineers ranks #1276 out of 2497 companies in the Hardware industry, placing it in the top 51.1%.
Is Nitiraj Engineers' ROA % too high?
Nitiraj Engineers' current ROA % of 4.39% is near median its 10-year median of 4.58. The Hardware industry median ROA % is 2.75. Nitiraj Engineers' value of 4.39% is 59.6% above this industry median. Based on the distribution chart, Nitiraj Engineers ranks #1276 out of 2497 companies in the Hardware industry, which is below the industry midpoint. 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' ROA % compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nitiraj Engineers ranks #1276 out of 2497 companies for ROA %. This places Nitiraj Engineers in the lower half of its industry. The industry median ROA % is 2.75. Nitiraj Engineers' value of 4.39% is 59.6% above this benchmark. While the company's 10-year median is 4.58 vs. the industry median of 2.75, Nitiraj Engineers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Hardware company?
The median ROA % among Hardware companies is 2.75, based on 2,497 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitiraj Engineers's current ROA % of 4.39% is 59.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nitiraj Engineers and its competitors. For the Hardware industry, the median ROA % is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitiraj Engineers's current ROA % is 4.39%, which is near median its own 10-year median of 4.58. 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 ROA % is 4.39%, which is near median its 10-year median of 4.58 and 59.6% above the Hardware industry median of 2.75. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Nitiraj Engineers (NSE:NITIRAJ), the current ROA % is 4.39% as of Jun. 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:
ROA %: 4.39% (near median its 10-year median of 4.58)
GF Value™: ₹141.59 vs. price of ₹205.13 (44.9% above fair value)
Industry Position: 59.6% above the Hardware median (#1276 of 2497)
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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