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Nitiraj Engineers Limited engages in the manufacture and sale of various electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption in India and internationally. It offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, person weighing, mother and child weighing, adult weighing, body mass index, and kitchen scales; and analytical weighing balance, special application indicators, currency counting machines, taxi and rickshaw fare meters, and home automation products. The company markets its products under the Phoenix brand name through a network of dealers to customers. Nitiraj Engineers Limited was incorporated in 1989 and is based in Dhule, India.

Nitiraj Engineers Dividend Announcement

• Nitiraj Engineers announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-24. Ex dividend date: 2024-09-17
• Nitiraj Engineers annual dividend for 2024 was ₹1.50
• Nitiraj Engineers's trailing twelve-month (TTM) dividend yield is 0.63%

Nitiraj Engineers Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-17₹1.50annually2024-10-24

Nitiraj Engineers Dividend per year

Nitiraj Engineers Dividend Yield

Nitiraj Engineers current trailing twelve-month (TTM) dividend yield is 0.63%. Interested in purchasing Nitiraj Engineers stock? Use our calculator to estimate your expected dividend yield:

Nitiraj Engineers Financial Ratios

P/E ratio25.76
PEG ratio0.21
P/B ratio3.08
ROE12.71%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Nitiraj Engineers Dividend FAQ

Does Nitiraj Engineers stock pay dividends?
Nitiraj Engineers does not currently pay dividends to its shareholders.
Has Nitiraj Engineers ever paid a dividend?
No, Nitiraj Engineers has no a history of paying dividends to its shareholders. Nitiraj Engineers is not known for its dividend payments.
Why doesn't Nitiraj Engineers pay dividends?
There are several potential reasons why Nitiraj Engineers would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Nitiraj Engineers ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Nitiraj Engineers has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Nitiraj Engineers a dividend aristocrat?
Nitiraj Engineers is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Nitiraj Engineers a dividend king?
Nitiraj Engineers is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Nitiraj Engineers a dividend stock?
No, Nitiraj Engineers is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Nitiraj Engineers stocks?
To buy Nitiraj Engineers you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Nitiraj Engineers stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.