Nitin Castings Ltd

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

Nitin Castings Ltd

₹ 680 -1.47%
16 Dec 1:43 p.m.
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 ₹ 350 Cr.
  • Current Price ₹ 680
  • High / Low ₹ 885 / 468
  • Stock P/E 22.8
  • Book Value ₹ 152
  • Dividend Yield 0.44 %
  • ROCE 24.4 %
  • ROE 21.1 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 42.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 53.2 days to 39.6 days

Cons

  • Company has a low return on equity of 13.6% over last 3 years.

* 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
22.65 27.24 27.91 30.89 37.66 34.94 29.90 35.77 40.12 33.71 39.15 39.87 38.32
21.44 25.71 25.71 29.04 34.91 31.77 28.04 32.13 36.43 30.76 34.07 35.27 34.31
Operating Profit 1.21 1.53 2.20 1.85 2.75 3.17 1.86 3.64 3.69 2.95 5.08 4.60 4.01
OPM % 5.34% 5.62% 7.88% 5.99% 7.30% 9.07% 6.22% 10.18% 9.20% 8.75% 12.98% 11.54% 10.46%
1.00 0.40 0.44 0.18 -0.13 0.53 0.22 1.39 0.83 1.38 -1.63 1.50 1.89
Interest 0.06 0.04 0.03 0.05 0.01 0.01 0.04 0.03 0.03 0.04 0.09 0.10 0.08
Depreciation 0.51 0.51 0.50 0.52 0.48 0.41 0.40 0.40 0.40 0.43 0.47 0.48 0.52
Profit before tax 1.64 1.38 2.11 1.46 2.13 3.28 1.64 4.60 4.09 3.86 2.89 5.52 5.30
Tax % 16.46% 21.74% 21.80% 76.71% 30.99% 26.83% 57.93% 21.30% 22.00% 22.28% 19.72% 28.26% 20.57%
1.37 1.08 1.65 0.34 1.46 2.40 0.69 3.63 3.19 3.00 2.31 3.96 4.20
EPS in Rs 2.66 2.10 3.21 0.66 2.84 4.67 1.34 7.06 6.20 5.84 4.49 7.70 8.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35 36 42 64 61 58 74 64 62 97 133 149 151
31 34 39 60 56 53 66 58 56 90 124 133 134
Operating Profit 4 3 3 5 6 5 7 6 6 7 10 15 17
OPM % 10% 7% 7% 7% 9% 8% 10% 10% 9% 7% 7% 10% 11%
0 -0 0 0 1 1 2 1 2 2 1 2 3
Interest 1 0 0 1 1 1 1 1 1 0 0 0 0
Depreciation 1 1 1 4 4 4 4 4 2 2 2 2 2
Profit before tax 2 1 2 0 2 1 3 2 4 7 9 15 18
Tax % 33% 38% 33% 75% 32% 4% 29% 22% 17% 21% 42% 21%
1 1 1 0 1 1 2 1 3 5 5 12 13
EPS in Rs 5.11 3.18 3.96 0.11 2.31 1.65 4.55 2.55 6.34 10.04 9.51 23.59 26.20
Dividend Payout % 0% 0% 13% 350% 22% 31% 11% 0% 8% 5% 8% 13%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 34%
TTM: 7%
Compounded Profit Growth
10 Years: 30%
5 Years: 42%
3 Years: 62%
TTM: 54%
Stock Price CAGR
10 Years: 36%
5 Years: 58%
3 Years: 91%
1 Year: 43%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 14%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 1 1 3 3 3 3 3 3 3 3 3
Reserves 20 21 21 41 41 42 43 44 48 53 57 69 76
7 2 5 9 10 14 13 7 4 4 10 5 6
6 5 6 10 8 12 13 13 13 19 22 33 38
Total Liabilities 35 30 34 61 62 70 71 67 67 78 92 109 122
12 12 11 21 18 30 30 26 24 23 22 25 32
CWIP 0 0 0 2 8 0 0 0 0 0 0 0 0
Investments 0 2 4 2 0 0 0 5 16 17 25 36 45
22 16 19 36 36 40 41 36 27 38 45 48 45
Total Assets 35 30 34 61 62 70 71 67 67 78 92 109 122

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 2 1 1 3 6 10 10 15 1 1 17
-0 -3 -3 -1 -3 -7 -4 -5 -12 -2 -8 -13
2 -4 2 -1 1 2 -4 -7 -5 2 6 -6
Net Cash Flow 4 -4 0 -0 0 1 2 -2 -1 2 -1 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 81 73 58 75 66 73 59 53 57 48 34 36
Inventory Days 87 69 84 105 128 187 111 158 107 94 93 90
Days Payable 35 19 36 33 31 67 49 60 64 64 46 58
Cash Conversion Cycle 133 122 106 147 162 192 121 151 100 78 81 68
Working Capital Days 102 96 91 121 139 143 97 99 58 58 62 40
ROCE % 10% 7% 8% 2% 5% 3% 8% 6% 9% 12% 14% 24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39% 71.39%
28.61% 28.61% 28.61% 28.61% 28.62% 28.61% 28.61% 28.60% 28.61% 28.61% 28.61% 28.61%
No. of Shareholders 9138999409399069971,5691,5599961,3831,3931,532

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