National Fittings Ltd

National Fitting Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

National Fittings Ltd

₹ 167 5.70%
05 Mar 9:27 a.m.
nationalfitting.com BSE: 531289
About

Incorporated in 1993, National Fittings Ltd manufactures spheroidal graphite pipe fittings, stainless steel fittings and stainless steel ball valves

Key Points

Business Overview:[1]
Company is an export oriented ISO 9001 certified manufacturer of quality Piping components and Pumps for industrial and non-industrial applications. It operates multiple foundries including an investment casting foundry utilizing lost wax process and an exclusive supply source for its entire casting requirements. Company exports these products mainly to Middle East and also to United States of America, Europe, South America and Australia

Website BSE
  • Market Cap ₹ 152 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 235 / 110
  • Stock P/E 13.9
  • Book Value ₹ 93.1
  • Dividend Yield 0.60 %
  • ROCE 10.0 %
  • ROE 9.12 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 36.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.4%

Cons

  • The company has delivered a poor sales growth of 6.57% over past five years.
  • Promoter holding is low: 34.0%
  • Company has a low return on equity of 9.28% over last 3 years.
  • Earnings include an other income of Rs.16.7 Cr.

* 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 Iron & Steel Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
22.91 20.85 17.42 20.90 16.57 21.64 15.14 18.68 20.82 23.49 20.58 23.64 23.64
19.16 18.44 15.35 17.42 14.09 18.40 14.23 17.29 18.70 20.04 17.01 21.20 20.80
Operating Profit 3.75 2.41 2.07 3.48 2.48 3.24 0.91 1.39 2.12 3.45 3.57 2.44 2.84
OPM % 16.37% 11.56% 11.88% 16.65% 14.97% 14.97% 6.01% 7.44% 10.18% 14.69% 17.35% 10.32% 12.01%
0.27 0.45 0.34 0.35 0.29 0.50 7.44 0.59 0.58 13.58 0.91 1.17 1.04
Interest 0.32 0.33 0.34 0.31 0.31 0.31 0.25 0.21 0.20 0.22 0.17 0.12 0.25
Depreciation 0.86 0.88 0.86 0.88 0.82 0.89 0.81 0.83 0.86 0.45 0.71 0.71 0.71
Profit before tax 2.84 1.65 1.21 2.64 1.64 2.54 7.29 0.94 1.64 16.36 3.60 2.78 2.92
Tax % 39.79% 55.15% 31.40% 27.65% 26.83% 24.41% 4.94% 11.70% 36.59% 11.43% 27.22% 33.45% 0.00%
1.71 0.74 0.83 1.90 1.20 1.92 6.93 0.84 1.04 14.49 2.62 1.84 2.93
EPS in Rs 1.88 0.81 0.91 2.09 1.32 2.11 7.63 0.92 1.14 15.95 2.88 2.03 3.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
37 50 52 67 62 58 57 51 66 86 77 78 91
30 40 41 52 48 51 52 46 62 76 65 70 79
Operating Profit 6 10 11 16 14 7 5 5 4 10 12 8 12
OPM % 17% 19% 22% 23% 22% 12% 8% 9% 7% 11% 15% 10% 13%
1 1 2 2 3 2 1 1 1 1 1 22 17
Interest 1 1 1 1 2 2 2 1 1 1 1 1 1
Depreciation 1 1 1 1 3 3 2 3 3 3 3 3 3
Profit before tax 6 8 11 16 12 4 2 2 2 7 8 26 26
Tax % 40% 34% 33% 36% 37% 33% 11% 30% 20% 33% 27% 11%
3 6 7 10 8 3 1 2 1 4 6 23 22
EPS in Rs 4.04 6.61 8.88 12.19 9.31 3.29 1.48 1.81 1.48 4.83 6.43 25.65 24.09
Dividend Payout % 25% 15% 34% 33% 0% 46% 0% 55% 68% 31% 23% 4%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 6%
TTM: 20%
Compounded Profit Growth
10 Years: 2%
5 Years: 37%
3 Years: 82%
TTM: 160%
Stock Price CAGR
10 Years: 8%
5 Years: 33%
3 Years: 32%
1 Year: 26%
Return on Equity
10 Years: 11%
5 Years: 7%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 8 8 8 8 9 9 9 9 9 9 9 9 9
Reserves 3 7 11 19 38 41 41 42 43 46 50 72 75
8 8 6 5 22 26 21 17 18 20 15 5 4
5 4 6 7 11 16 13 13 15 14 14 16 17
Total Liabilities 24 27 32 39 80 91 83 81 85 89 88 103 105
6 5 6 10 41 47 47 46 48 47 45 27 26
CWIP 0 0 0 1 1 1 1 1 1 3 5 0 0
Investments 0 0 0 1 2 2 1 1 2 2 2 6 6
18 22 26 27 37 42 34 33 35 36 36 69 73
Total Assets 24 27 32 39 80 91 83 81 85 89 88 103 105

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5 4 10 13 9 6 2 9 4 6 10 8
-0 0 -1 -5 -7 -7 -1 -1 -4 -5 -2 37
-2 -3 -5 -5 -1 2 -8 -5 -0 -0 -8 -12
Net Cash Flow 3 2 3 2 1 1 -8 2 -1 0 0 33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 18 18 18 14 18 29 22 30 26 24 28 33
Inventory Days 98 65 84 79 263 254 327 242 222 173 214 148
Days Payable 37 17 27 37 112 148 136 129 125 76 70 82
Cash Conversion Cycle 79 65 75 57 168 136 213 142 124 121 172 99
Working Capital Days 43 45 26 20 -15 -31 -9 -10 -19 -13 -2 35
ROCE % 34% 44% 49% 58% 27% 8% 4% 5% 4% 10% 13% 10%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Geographical Revenue Mix - Export Share
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Actual Production Volume - SG Iron Fittings
MT
Installed Capacity - SG Iron (Grooved & Screwed Fittings)
MT per Annum
Installed Capacity - Stainless Steel (Fittings & Valves)
MT per Annum
Sales Quantity - SG Iron Fittings
MT
Product Contribution to Turnover - SG Iron
%
Actual Production Volume - Stainless Steel Fittings
MT
Sales Quantity - Stainless Steel Fittings
MT

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
65.94% 65.96% 65.97% 65.96% 65.95% 65.95% 65.96% 65.96% 65.95% 65.96% 65.96% 65.96%
No. of Shareholders 4,0804,4094,6254,7934,8004,9455,1855,0065,0295,0004,9154,834

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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