Is Nidhi Granites the Best Stock in Its Sector? A Look at the Numbers
- October 21, 2026
- Posted by: Neeraj Pandey
- Category: Market
Nidhi Granites CMP Rs 229 (21 Oct 2026). Market cap Rs 183 Cr. ROE 34.06%. P/E 21.97x versus Industry P/E 44.27x.
Quick Answer
Nidhi Granites is one of the names investors compare when screening the Granite and Marble Products sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Nidhi Granites the best stock in its sector? The stock trades on the BSE at Rs 229 as of 21 October 2026, within its 52-week range of Rs 181.45 to Rs 480.75. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Nidhi Granites
Nidhi Granites Ltd manufactures granite and marble slabs, tiles, and sandstone and limestone products, and company information says it was incorporated in 1981. Its product range includes grey sandstone, granites, marbles, granite blocks, Rajasthan black granite and floor marble. At a market capitalisation of Rs 183 Cr, it is tracked as part of the Granite and Marble Products sector on Univest.
Is Nidhi Granites the Best Stock in Its Sector?
Nidhi Granites makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Nidhi Granites’ 21.97x P/E is below the 44.27x Industry P/E, Pokarna at 23.38x and Kajaria Ceramics at 34.65x, while its 34.06% ROE is higher than Pokarna at 9.41% and Kajaria Ceramics at 15.83%, and its debt to equity ratio of 0.12 is below Pokarna at 0.50, though above Kajaria Ceramics at 0.07.
| Metric | Nidhi Granites |
|---|---|
| CMP (BSE) | Rs 228.90 |
| 52-Week High / Low | Rs 480.75 / Rs 181.45 |
| Market Cap | Rs 183 Cr |
| P/E (TTM) vs Industry P/E | 21.97x vs 44.27x |
| P/B | 8.12 |
| ROE | 34.06% |
| EPS (TTM) | Rs 10.42 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.12 |
Compare Nidhi Granites Against Other Granite and Marble Products Sector Stocks
How Nidhi Granites Compares Against Its Granite and Marble Products Sector Peers
The table below sets Nidhi Granites against 2 other Granite and Marble Products sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Nidhi Granites | 183 | 21.97 | 34.06% | 0.12 |
| Pokarna | 2,219 | 23.38 | 9.41% | 0.50 |
| Kajaria Ceramics | 18,977 | 34.65 | 15.83% | 0.07 |
| Peer average (2 companies) | – | 29.02 | 12.62% | 0.29 |
Measured against the peer averages, Nidhi Granites’ P/E is 24 percent below the 29.02x average, and its ROE is 21.44 percentage points above the 12.62% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Nidhi Granites Worth Watching in Granite and Marble Products
- Scale: At Rs 183 Cr, its market capitalisation is smaller than Pokarna (Rs 2,219 Cr) and Kajaria Ceramics (Rs 18,977 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Demand for natural stone from real estate and construction projects, and the mix of premium products in its sales, decide revenue and margins.
- Key risk: The valuation leaves little room for disappointment, and demand for natural stone follows construction activity. The share also trades in small volumes.
Nidhi Granites Valuation: Is It Justified?
At a P/B ratio of 8.12, the market pays about Rs 8.12 for every rupee of book value, and the EPS (TTM) of Rs 10.42 is the earnings base behind the P/E. The stock trades about 52 percent below its 52-week high and about 26 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Nidhi Granites and other Granite and Marble Products sector stocks.
How to Track Nidhi Granites Before You Invest
Before deciding whether Nidhi Granites deserves its label as the best stock in its sector for your own portfolio, compare it directly against Granite and Marble Products sector peers using the steps below.
- Open the Univest Screener and search for Nidhi Granites to view live price, valuation ratios, and peer comparisons within the Granite and Marble Products sector.
- Compare its P/E, P/B, and ROE against other Granite and Marble Products sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Nidhi Granites gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Granite and Marble Products depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Nidhi Granites the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Nidhi Granites has a 34.06% ROE and trades at 21.97x P/E against a 44.27x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 12.62% peer average and its P/E is below the 29.02x peer average. Its debt to equity ratio of 0.12 is below the 0.29 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Nidhi Granites?
Ans. Nidhi Granites was trading at Rs 228.90 on the BSE as of 21 October 2026, and its 52-week range runs from Rs 181.45 to Rs 480.75. That leaves the share price 52 percent short of the 52-week high and 26 percent clear of the 52-week low. Its market capitalisation is Rs 183 Cr and its EPS (TTM) is Rs 10.42, which is the earnings figure behind the 21.97x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Nidhi Granites belong to?
Ans. Nidhi Granites is classified under the Granite and Marble Products sector on Univest, and that group of listed companies is the reference point for the 44.27x Industry P/E used in this article. The 2 named peers compared here are Pokarna and Kajaria Ceramics, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Granite and Marble Products sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Nidhi Granites compare to its sector peers on P/E?
Ans. Nidhi Granites’ P/E of 21.97x is below the 29.02x average of the 2 named peers, with Pokarna at 23.38x and Kajaria Ceramics at 34.65x. It also sits below the 44.27x Industry P/E, which is the benchmark for the wider Granite and Marble Products sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 8.12 gives one more view of how the market values its book value.
What is Nidhi Granites’ return on equity?
Ans. Nidhi Granites reported a return on equity of 34.06%, which is above the 12.62% average of its named peers, with Pokarna at 9.41% and Kajaria Ceramics at 15.83%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.12 against a peer average of 0.29. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Nidhi Granites based on its sector position?
Ans. Sector position is only one input into an investment decision. Nidhi Granites has a 34.06% ROE and a 21.97x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
