Nitin Castings Ltd

Nitin Castings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitin Castings Ltd

₹ 479 -3.63%
07 Aug - close price
nitincastings.com BSE: 508875
About

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]

Key Points

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)

Website BSE
  • Market Cap ₹ 246 Cr.
  • Current Price ₹ 479
  • High / Low ₹ 690 / 432
  • Stock P/E 22.2
  • Book Value ₹ 178
  • Dividend Yield 0.63 %
  • ROCE 15.5 %
  • ROE 12.7 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 27.7% CAGR over last 5 years

Cons

  • Debtor days have increased from 40.1 to 49.3 days.
  • Working capital days have increased from 65.5 days to 143 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
29.90 35.77 40.12 33.71 39.15 39.87 38.32 33.80 38.58 35.75 36.45 40.26 34.63
28.04 32.13 36.43 30.76 34.07 35.27 34.31 31.22 35.18 30.24 34.08 38.54 30.87
Operating Profit 1.86 3.64 3.69 2.95 5.08 4.60 4.01 2.58 3.40 5.51 2.37 1.72 3.76
OPM % 6.22% 10.18% 9.20% 8.75% 12.98% 11.54% 10.46% 7.63% 8.81% 15.41% 6.50% 4.27% 10.86%
0.22 1.39 0.83 1.38 -1.63 1.50 1.89 0.72 0.57 2.63 0.39 0.91 -0.37
Interest 0.04 0.03 0.03 0.04 0.09 0.10 0.08 0.13 0.12 0.15 0.15 0.26 0.23
Depreciation 0.40 0.40 0.40 0.43 0.47 0.48 0.52 0.55 0.52 0.55 0.58 0.59 0.60
Profit before tax 1.64 4.60 4.09 3.86 2.89 5.52 5.30 2.62 3.33 7.44 2.03 1.78 2.56
Tax % 57.93% 21.30% 22.00% 22.28% 19.72% 28.26% 20.57% 31.30% 26.43% 23.39% 27.09% 5.06% 31.64%
0.69 3.63 3.19 3.00 2.31 3.96 4.20 1.80 2.45 5.71 1.48 1.69 1.75
EPS in Rs 1.34 7.06 6.20 5.84 4.49 7.70 8.17 3.50 4.77 11.11 2.88 3.29 3.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
42 64 61 58 74 64 62 97 133 149 151 147
39 60 56 53 66 58 56 90 124 133 135 134
Operating Profit 3 5 6 5 7 6 6 7 10 15 15 13
OPM % 7% 7% 9% 8% 10% 10% 9% 7% 7% 10% 10% 9%
0 0 1 1 2 1 2 2 1 2 4 4
Interest 0 1 1 1 1 1 1 0 0 0 0 1
Depreciation 1 4 4 4 4 4 2 2 2 2 2 2
Profit before tax 2 0 2 1 3 2 4 7 9 15 17 14
Tax % 33% 75% 32% 4% 29% 22% 17% 21% 42% 21% 26% 23%
1 0 1 1 2 1 3 5 5 12 12 11
EPS in Rs 3.96 0.11 2.31 1.65 4.55 2.55 6.34 10.04 9.51 23.59 24.14 20.68
Dividend Payout % 13% 350% 22% 31% 11% 0% 8% 5% 8% 13% 12% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 19%
3 Years: 3%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 31%
TTM: 7%
Stock Price CAGR
10 Years: 30%
5 Years: 35%
3 Years: -1%
1 Year: -27%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 15%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1 1 3 3 3 3 3 3 3 3 3 3
Reserves 21 41 41 42 43 44 48 53 57 69 80 89
5 9 10 14 13 7 4 4 10 5 8 14
6 10 8 12 13 13 13 19 22 33 39 35
Total Liabilities 34 61 62 70 71 67 67 78 92 109 129 140
11 21 18 30 30 26 24 23 22 25 30 33
CWIP 0 2 8 0 0 0 0 0 0 0 0 5
Investments 4 2 0 0 0 5 16 17 25 36 47 51
19 36 36 40 41 36 27 38 45 48 52 51
Total Assets 34 61 62 70 71 67 67 78 92 109 129 140

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 1 3 6 10 10 15 1 1 17 18 9
-3 -1 -3 -7 -4 -5 -12 -2 -8 -13 -19 -13
2 -1 1 2 -4 -7 -5 2 6 -6 1 4
Net Cash Flow 0 -0 0 1 2 -2 -1 2 -1 -1 -0 0
Free Cash Flow -0 -1 -3 -3 6 9 15 -0 1 13 11 -1
CFO/OP 55% 34% 58% 119% 150% 155% 282% 36% 34% 134% 142% 91%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 58 75 66 73 59 53 57 48 34 36 35 49
Inventory Days 84 105 128 187 111 158 107 94 93 90 106 95
Days Payable 36 33 31 67 49 60 64 64 46 58 80 78
Cash Conversion Cycle 106 147 162 192 121 151 100 78 81 68 60 67
Working Capital Days 53 71 95 110 86 98 55 46 36 34 19 143
ROCE % 8% 2% 5% 3% 8% 6% 9% 12% 14% 24% 17% 16%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Permanent Employees
count
Installed Capacity
MTA

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39%
28.60% 28.61% 28.61% 28.61% 28.61% 28.62% 28.61% 28.62% 28.62% 28.61% 28.59% 28.60%
No. of Shareholders 1,5599961,3831,3931,5321,5531,5671,5491,5931,6211,6021,518

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