National Fittings Ltd

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

National Fittings Ltd

₹ 155 1.71%
10 Jun 9:28 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 ₹ 141 Cr.
  • Current Price ₹ 155
  • High / Low ₹ 235 / 134
  • Stock P/E 15.5
  • Book Value ₹ 98.0
  • Dividend Yield 0.65 %
  • ROCE 14.6 %
  • ROE 10.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 42.5% CAGR over last 5 years

Cons

  • Promoter holding is low: 34.0%
  • Company has a low return on equity of 10.1% over last 3 years.
  • Earnings include an other income of Rs.4.78 Cr.
  • Working capital days have increased from 36.1 days to 75.1 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 Iron & Steel Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
20.85 17.42 20.90 16.57 21.64 15.14 18.68 20.82 23.49 20.58 23.64 23.64 23.54
18.44 15.35 17.42 14.09 18.40 14.23 17.29 18.70 20.04 17.01 21.20 20.80 20.33
Operating Profit 2.41 2.07 3.48 2.48 3.24 0.91 1.39 2.12 3.45 3.57 2.44 2.84 3.21
OPM % 11.56% 11.88% 16.65% 14.97% 14.97% 6.01% 7.44% 10.18% 14.69% 17.35% 10.32% 12.01% 13.64%
0.45 0.34 0.35 0.29 0.50 7.44 0.59 0.58 13.58 0.91 1.17 1.04 1.67
Interest 0.33 0.34 0.31 0.31 0.31 0.25 0.21 0.20 0.22 0.17 0.12 0.25 0.32
Depreciation 0.88 0.86 0.88 0.82 0.89 0.81 0.83 0.86 0.45 0.71 0.71 0.71 0.81
Profit before tax 1.65 1.21 2.64 1.64 2.54 7.29 0.94 1.64 16.36 3.60 2.78 2.92 3.75
Tax % 55.15% 31.40% 27.65% 26.83% 24.41% 4.94% 11.70% 36.59% 11.43% 27.22% 33.45% 0.00% 54.13%
0.74 0.83 1.90 1.20 1.92 6.93 0.84 1.04 14.49 2.62 1.84 2.93 1.72
EPS in Rs 0.81 0.91 2.09 1.32 2.11 7.63 0.92 1.14 15.95 2.88 2.03 3.23 1.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
49.53 52.19 67.17 61.93 58.04 56.85 51.15 66.30 86.02 76.53 78.13 91.40
39.95 40.91 51.63 48.08 51.00 52.25 46.41 61.94 76.43 64.99 70.04 79.32
Operating Profit 9.58 11.28 15.54 13.85 7.04 4.60 4.74 4.36 9.59 11.54 8.09 12.08
OPM % 19.34% 21.61% 23.14% 22.36% 12.13% 8.09% 9.27% 6.58% 11.15% 15.08% 10.35% 13.22%
0.95 1.80 2.44 2.74 1.79 1.06 1.21 1.32 1.47 1.21 21.97 4.78
Interest 1.07 0.76 0.97 1.68 1.71 1.73 0.98 1.12 1.06 1.27 0.87 0.87
Depreciation 1.16 1.21 1.05 2.69 2.65 2.43 2.62 2.89 3.43 3.46 2.95 2.95
Profit before tax 8.30 11.11 15.96 12.22 4.47 1.50 2.35 1.67 6.57 8.02 26.24 13.04
Tax % 33.73% 33.39% 36.47% 36.58% 33.11% 11.33% 29.79% 19.76% 33.18% 27.18% 11.20% 30.21%
5.50 7.39 10.14 7.75 2.99 1.34 1.64 1.34 4.39 5.84 23.30 9.11
EPS in Rs 6.61 8.88 12.19 9.31 3.29 1.48 1.81 1.48 4.83 6.43 25.65 10.03
Dividend Payout % 15.13% 33.78% 32.82% 0.00% 45.55% 0.00% 55.37% 67.76% 31.03% 23.32% 3.90% 0.00%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 2%
TTM: 17%
Compounded Profit Growth
10 Years: 2%
5 Years: 43%
3 Years: 28%
TTM: 42%
Stock Price CAGR
10 Years: 2%
5 Years: 18%
3 Years: 19%
1 Year: -6%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 8.32 8.32 8.32 9.08 9.08 9.08 9.08 9.08 9.08 9.08 9.08 9.08
Reserves 6.88 11.26 19.41 38.08 41.23 40.62 42.26 42.52 45.86 50.27 71.89 79.97
7.81 6.14 5.11 21.83 25.52 21.02 16.59 18.32 20.25 15.38 5.44 15.67
4.39 6.05 6.64 11.21 15.51 12.60 13.25 15.10 14.04 13.52 16.39 15.12
Total Liabilities 27.40 31.77 39.48 80.20 91.34 83.32 81.18 85.02 89.23 88.25 102.80 119.84
5.10 5.80 10.43 40.72 46.89 46.60 46.09 47.64 47.31 45.02 27.05 28.21
CWIP 0.09 0.14 0.56 1.33 1.25 0.99 0.75 0.69 3.35 5.08 0.40 3.05
Investments 0.00 0.00 1.03 1.60 1.54 1.48 1.31 2.02 2.26 2.23 6.21 6.63
22.21 25.83 27.46 36.55 41.66 34.25 33.03 34.67 36.31 35.92 69.14 81.95
Total Assets 27.40 31.77 39.48 80.20 91.34 83.32 81.18 85.02 89.23 88.25 102.80 119.84

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3.83 9.53 12.53 8.96 6.14 1.81 8.85 3.83 5.68 9.93 8.26 -3.87
0.41 -1.29 -5.24 -6.74 -7.36 -1.34 -1.01 -4.08 -5.37 -2.21 37.25 -2.18
-2.69 -5.43 -5.04 -0.75 1.98 -8.30 -5.42 -0.47 -0.03 -7.50 -12.18 6.08
Net Cash Flow 1.55 2.80 2.25 1.47 0.76 -7.83 2.42 -0.71 0.27 0.22 33.34 0.02
Free Cash Flow 3.59 7.56 6.44 1.34 -2.28 -0.11 7.13 -0.47 -0.04 6.77 47.17 -8.96
CFO/OP 67% 113% 119% 103% 116% 29% 182% 76% 70% 103% 114% -32%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 17.61 17.97 14.35 17.74 29.18 21.96 29.61 26.43 24.14 27.76 33.26 34.98
Inventory Days 64.68 84.02 79.05 262.82 254.12 327.37 241.61 221.96 173.42 214.20 147.90 188.41
Days Payable 16.98 27.16 36.80 112.47 147.71 136.21 129.35 124.82 76.30 70.32 82.44 66.17
Cash Conversion Cycle 65.31 74.83 56.59 168.09 135.58 213.12 141.88 123.56 121.27 171.64 98.72 157.22
Working Capital Days 45.25 26.44 19.83 -15.44 -30.56 -8.67 -10.35 -19.49 -13.32 -2.05 35.36 75.12
ROCE % 44.47% 48.72% 57.82% 27.24% 8.20% 4.41% 4.60% 3.53% 10.42% 12.74% 10.04% 14.56%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 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

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Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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%
65.96% 65.97% 65.96% 65.95% 65.95% 65.96% 65.96% 65.95% 65.96% 65.96% 65.96% 65.97%
No. of Shareholders 4,4094,6254,7934,8004,9455,1855,0065,0295,0004,9154,8344,750

* 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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