Nitin Castings Ltd
Incorporated in 1982, Nitin Castings Ltd is in the business of manufacturing
Alloy Steel Casting in the range of static centrifugal and investment castings[1]
- Market Cap ₹ 364 Cr.
- Current Price ₹ 709
- High / Low ₹ 885 / 470
- Stock P/E 29.4
- Book Value ₹ 161
- Dividend Yield 0.42 %
- ROCE 20.6 %
- ROE 16.1 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 56.8% CAGR over last 5 years
Cons
- Working capital days have increased from 81.9 days to 144 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
36 | 42 | 64 | 61 | 58 | 74 | 64 | 62 | 97 | 133 | 149 | 151 | |
34 | 39 | 60 | 56 | 53 | 66 | 58 | 56 | 90 | 124 | 133 | 135 | |
Operating Profit | 3 | 3 | 5 | 6 | 5 | 7 | 6 | 6 | 7 | 10 | 15 | 15 |
OPM % | 7% | 7% | 7% | 9% | 8% | 10% | 10% | 9% | 7% | 7% | 10% | 10% |
-0 | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 4 | |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 1 | 2 | 0 | 2 | 1 | 3 | 2 | 4 | 7 | 9 | 15 | 17 |
Tax % | 38% | 33% | 75% | 32% | 4% | 29% | 22% | 17% | 21% | 42% | 21% | 26% |
1 | 1 | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 5 | 12 | 12 | |
EPS in Rs | 3.18 | 3.96 | 0.11 | 2.31 | 1.65 | 4.55 | 2.55 | 6.34 | 10.04 | 9.51 | 23.59 | 24.14 |
Dividend Payout % | 0% | 13% | 350% | 22% | 31% | 11% | 0% | 8% | 5% | 8% | 13% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 16% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 57% |
3 Years: | 34% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 67% |
3 Years: | 68% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 16% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 21 | 21 | 41 | 41 | 42 | 43 | 44 | 48 | 53 | 57 | 69 | 80 |
2 | 5 | 9 | 10 | 14 | 13 | 7 | 4 | 4 | 10 | 5 | 8 | |
5 | 6 | 10 | 8 | 12 | 13 | 13 | 13 | 19 | 22 | 33 | 39 | |
Total Liabilities | 30 | 34 | 61 | 62 | 70 | 71 | 67 | 67 | 78 | 92 | 109 | 129 |
12 | 11 | 21 | 18 | 30 | 30 | 26 | 24 | 23 | 22 | 25 | 30 | |
CWIP | 0 | 0 | 2 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 2 | 4 | 2 | 0 | 0 | 0 | 5 | 16 | 17 | 25 | 36 | 47 |
16 | 19 | 36 | 36 | 40 | 41 | 36 | 27 | 38 | 45 | 48 | 52 | |
Total Assets | 30 | 34 | 61 | 62 | 70 | 71 | 67 | 67 | 78 | 92 | 109 | 129 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 1 | 1 | 3 | 6 | 10 | 10 | 15 | 1 | 1 | 17 | 18 | |
-3 | -3 | -1 | -3 | -7 | -4 | -5 | -12 | -2 | -8 | -13 | -19 | |
-4 | 2 | -1 | 1 | 2 | -4 | -7 | -5 | 2 | 6 | -6 | 1 | |
Net Cash Flow | -4 | 0 | -0 | 0 | 1 | 2 | -2 | -1 | 2 | -1 | -1 | -0 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 73 | 58 | 75 | 66 | 73 | 59 | 53 | 57 | 48 | 34 | 36 | 35 |
Inventory Days | 69 | 84 | 105 | 128 | 187 | 111 | 158 | 107 | 94 | 93 | 90 | 106 |
Days Payable | 19 | 36 | 33 | 31 | 67 | 49 | 60 | 64 | 64 | 46 | 58 | 80 |
Cash Conversion Cycle | 122 | 106 | 147 | 162 | 192 | 121 | 151 | 100 | 78 | 81 | 68 | 60 |
Working Capital Days | 96 | 91 | 121 | 139 | 143 | 97 | 99 | 58 | 58 | 62 | 40 | 144 |
ROCE % | 7% | 8% | 2% | 5% | 3% | 8% | 6% | 9% | 12% | 14% | 24% | 21% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY25 confirming regulatory compliance and past fine settlements.
- Result-Financial Result For The Quarter And Year Ended 31St March, 2025 28 May
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 28Th May, 2025
28 May - Audited FY25 results approved; Rs.3 final dividend declared, subject to shareholder approval.
-
Update on board meeting
23 May - Board meeting postponed to May 28 for FY25 results approval and dividend declaration.
-
Board Meeting Intimation for Intimation Of The Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulation')
21 May - Board meeting on May 24 to approve FY25 results and dividend; trading window closed till 48 hours post announcement.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Business Overview:[1][2]
NCL is a part of the Nitin group promoted by the Kedia family. Company manufactures Alloys Steel Castings (static and centrifugal)