Synopsis: The share of this company surged nearly 10 percent after receiving DGCA approval for its NADR10 agricultural drone, enabling commercial manufacturing and strengthening its presence in the agri-drone market.
The share of this company, which specializing in electronic weighing scales, currency counting machines, and digital fare meters sold under their flagship brand, Phoenix, gained focus after DGCA approval
With a market capitalization of Rs 196 crore, Nitiraj Engineers Ltd’s shares on Thursday made a day high of Rs 202 per share, up by 9.4 percent from its previous day’s close price of Rs 184.63 per share. The share of the company gave a return of 270 percent over the last five years.
What happened
Nitiraj Engineers Ltd has received a Type Certificate from the Directorate General of Civil Aviation (DGCA) for its agricultural drone model, NADR10. The certification, issued under the Drone Rules, 2021, confirms that the drone has met the required standards for design, construction, performance, specifications, and operational safety, allowing the company to commercially manufacture and market the product.
The NADR10 is a medium-class agricultural spraying drone equipped with a 10-litre spraying system and is designed for agrochemical applications. Securing the DGCA Type Certificate marks a major milestone for the company, as the approval process involves extensive testing, technical evaluations, regulatory scrutiny, quality compliance checks, and detailed documentation over several years.
The certification is expected to strengthen Nitiraj Engineers’ position in India’s growing drone ecosystem, particularly in precision agriculture and agri-technology. The company believes the approval will create new business opportunities and support future growth, while it continues to enhance drone capabilities, expand production capacity, and develop additional products to meet evolving market and regulatory requirements.
About the Company
Nitiraj Engineers Ltd is an India-based manufacturer known for its electronic weighing scales, currency counting machines, and digital fare meters marketed under the PHOENIX brand. Headquartered in Dhule, Maharashtra, the company designs and develops its products domestically and has established a presence across multiple markets in Asia and Africa through its technology-driven measurement and automation solutions.
Financial Highlight: The revenue from operations decreased by 64 percent to Rs 8.18 crore in Q4 FY26 from Rs 22.6 crore in Q4 FY25, and EBIDT decreased to an operational loss of Rs 0.30 crore in Q4 FY26 from an EBIDT of Rs 0.75 crore in Q4 FY25. This was accompanied by a further drop in the net bottom line to a net loss of Rs 0.64 crore in Q4 FY26 from a net loss of Rs 0.06 crore in Q4 FY25, resulting in an EPS slide to a negative Rs 0.62 per share in Q4 FY26 from a negative Rs 0.06 per share in Q4 FY25.
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