Nitin Castings Ltd

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

Nitin Castings Ltd

₹ 648 2.06%
25 Apr 4:01 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 ₹ 333 Cr.
  • Current Price ₹ 648
  • High / Low ₹ 698 / 267
  • Stock P/E 31.7
  • Book Value ₹ 129
  • Dividend Yield 0.12 %
  • ROCE 13.5 %
  • ROE 8.49 %
  • 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 42.2% CAGR over last 5 years
  • Debtor days have improved from 46.3 to 33.9 days.

Cons

  • Stock is trading at 5.02 times its book value
  • Company has a low return on equity of 8.34% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.21 21.48 18.72 22.65 27.24 27.91 30.89 37.66 34.94 29.90 35.77 40.12 33.71
18.66 19.36 17.08 21.44 25.71 25.71 29.04 34.91 31.77 28.04 32.13 36.43 30.76
Operating Profit 1.55 2.12 1.64 1.21 1.53 2.20 1.85 2.75 3.17 1.86 3.64 3.69 2.95
OPM % 7.67% 9.87% 8.76% 5.34% 5.62% 7.88% 5.99% 7.30% 9.07% 6.22% 10.18% 9.20% 8.75%
0.67 0.31 0.31 1.00 0.40 0.44 0.18 -0.13 0.53 0.22 1.39 0.83 1.38
Interest 0.40 0.24 0.07 0.06 0.04 0.03 0.05 0.01 0.01 0.04 0.03 0.03 0.04
Depreciation 0.54 0.56 0.49 0.51 0.51 0.50 0.52 0.48 0.41 0.40 0.40 0.40 0.43
Profit before tax 1.28 1.63 1.39 1.64 1.38 2.11 1.46 2.13 3.28 1.64 4.60 4.09 3.86
Tax % 16.41% 17.18% 23.74% 16.46% 21.74% 21.80% 76.71% 30.99% 26.83% 57.93% 21.30% 22.00% 22.28%
1.07 1.34 1.06 1.37 1.08 1.65 0.34 1.46 2.40 0.69 3.63 3.19 3.00
EPS in Rs 2.08 2.61 2.06 2.66 2.10 3.21 0.66 2.84 4.67 1.34 7.06 6.20 5.84
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
34 35 36 42 64 61 58 74 64 62 97 133 140
31 31 34 39 60 56 53 66 58 56 90 124 127
Operating Profit 4 4 3 3 5 6 5 7 6 6 7 10 12
OPM % 11% 10% 7% 7% 7% 9% 8% 10% 10% 9% 7% 7% 9%
0 0 -0 0 0 1 1 2 1 2 2 1 4
Interest 1 1 0 0 1 1 1 1 1 1 0 0 0
Depreciation 1 1 1 1 4 4 4 4 4 2 2 2 2
Profit before tax 2 2 1 2 0 2 1 3 2 4 7 9 14
Tax % 33% 33% 38% 33% 75% 32% 4% 29% 22% 17% 21% 42%
1 1 1 1 0 1 1 2 1 3 5 5 11
EPS in Rs 5.07 5.11 3.18 3.96 0.11 2.31 1.65 4.55 2.55 6.34 10.04 9.51 20.44
Dividend Payout % 0% 0% 0% 13% 350% 22% 31% 11% 0% 8% 5% 8%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 28%
TTM: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: 42%
3 Years: 55%
TTM: 80%
Stock Price CAGR
10 Years: 42%
5 Years: 54%
3 Years: 126%
1 Year: 121%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 8%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 3 3 3 3 3 3 3 3
Reserves 19 20 21 21 41 41 42 43 44 48 53 57 64
5 7 2 5 9 10 14 13 7 4 4 10 1
5 6 5 6 10 8 12 13 13 13 19 22 35
Total Liabilities 30 35 30 34 61 62 70 71 67 67 78 92 103
13 12 12 11 21 18 30 30 26 24 23 22 22
CWIP 0 0 0 0 2 8 0 0 0 0 0 0 0
Investments 0 0 2 4 2 0 0 0 5 16 17 25 27
17 22 16 19 36 36 40 41 36 27 38 45 54
Total Assets 30 35 30 34 61 62 70 71 67 67 78 92 103

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 2 2 1 1 3 6 10 10 15 1 1
-0 -0 -3 -3 -1 -3 -7 -4 -5 -12 -2 -8
-2 2 -4 2 -1 1 2 -4 -7 -5 2 6
Net Cash Flow 0 4 -4 0 -0 0 1 2 -2 -1 2 -1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 81 73 58 75 66 73 59 53 57 48 34
Inventory Days 103 87 69 84 105 128 187 111 158 107 94 93
Days Payable 35 35 19 36 33 31 67 49 60 64 64 46
Cash Conversion Cycle 130 133 122 106 147 162 192 121 151 100 78 81
Working Capital Days 101 102 96 91 121 139 143 97 99 58 58 61
ROCE % 12% 10% 7% 8% 2% 5% 3% 8% 6% 9% 12% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 28.61% 28.61% 28.62% 28.61% 28.61% 28.60% 28.61% 28.61%
No. of Shareholders 6478009138999409399069971,5691,5599961,383

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