National Fittings Ltd

AI

National Fittings Ltd

₹ 167 -4.33%
21 Aug 12:35 p.m.
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

  • Market Cap 152 Cr.
  • Current Price 167
  • High / Low 235 / 134
  • Stock P/E 14.6
  • Book Value 98.0
  • Dividend Yield 0.58 %
  • ROCE 15.5 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 44.0% CAGR over last 5 years

Cons

  • Promoter holding is low: 34.3%
  • Company has a low return on equity of 8.37% over last 3 years.
  • Earnings include an other income of Rs.4.81 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
17.42 20.90 16.57 21.64 15.14 18.68 20.82 23.49 20.58 23.64 23.64 23.54 27.13
15.35 17.42 14.09 18.40 14.23 17.29 18.70 20.04 17.01 21.20 20.80 20.33 21.78
Operating Profit 2.07 3.48 2.48 3.24 0.91 1.39 2.12 3.45 3.57 2.44 2.84 3.21 5.35
OPM % 11.88% 16.65% 14.97% 14.97% 6.01% 7.44% 10.18% 14.69% 17.35% 10.32% 12.01% 13.64% 19.72%
0.34 0.35 0.29 0.50 7.44 0.59 0.58 13.58 0.91 1.17 1.04 1.67 0.93
Interest 0.34 0.31 0.31 0.31 0.25 0.21 0.20 0.22 0.17 0.12 0.25 0.32 0.30
Depreciation 0.86 0.88 0.82 0.89 0.81 0.83 0.86 0.45 0.71 0.71 0.71 0.81 0.76
Profit before tax 1.21 2.64 1.64 2.54 7.29 0.94 1.64 16.36 3.60 2.78 2.92 3.75 5.22
Tax % 31.40% 27.65% 26.83% 24.41% 4.94% 11.70% 36.59% 11.43% 27.22% 33.45% 0.00% 54.13% 24.52%
0.83 1.90 1.20 1.92 6.93 0.84 1.04 14.49 2.62 1.84 2.93 1.72 3.94
EPS in Rs 0.91 2.09 1.32 2.11 7.63 0.92 1.14 15.95 2.88 2.03 3.23 1.89 4.34
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 TTM
50 52 67 62 58 57 51 66 86 77 78 91 98
40 41 52 48 51 52 46 62 76 65 70 79 84
Operating Profit 10 11 16 14 7 5 5 4 10 12 8 13 14
OPM % 19% 22% 23% 22% 12% 8% 9% 7% 11% 15% 10% 14% 14%
1 2 2 3 2 1 1 1 1 1 22 4 5
Interest 1 1 1 2 2 2 1 1 1 1 1 1 1
Depreciation 1 1 1 3 3 2 3 3 3 3 3 3 3
Profit before tax 8 11 16 12 4 2 2 2 7 8 26 13 15
Tax % 34% 33% 36% 37% 33% 11% 30% 20% 33% 27% 11% 30%
6 7 10 8 3 1 2 1 4 6 23 9 10
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 11.49
Dividend Payout % 15% 34% 33% 0% 46% 0% 55% 68% 31% 23% 4% 10%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 2%
TTM: 17%
Compounded Profit Growth
10 Years: 3%
5 Years: 44%
3 Years: 30%
TTM: 30%
Stock Price CAGR
10 Years: -1%
5 Years: 29%
3 Years: 13%
1 Year: 2%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 8%
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 8 8 9 9 9 9 9 9 9 9 9
Reserves 7 11 19 38 41 41 42 43 46 50 72 80
8 6 5 22 26 21 17 18 20 15 5 13
4 6 7 11 16 13 13 15 14 14 16 18
Total Liabilities 27 32 39 80 91 83 81 85 89 88 103 120
5 6 10 41 47 47 46 48 47 45 27 26
CWIP 0 0 1 1 1 1 1 1 3 5 0 5
Investments 0 0 1 2 2 1 1 2 2 2 6 7
22 26 27 37 42 34 33 35 36 36 69 82
Total Assets 27 32 39 80 91 83 81 85 89 88 103 120

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
4 10 13 9 6 2 9 4 6 10 8 -4
0 -1 -5 -7 -7 -1 -1 -4 -5 -2 37 -2
-3 -5 -5 -1 2 -8 -5 -0 -0 -8 -12 6
Net Cash Flow 2 3 2 1 1 -8 2 -1 0 0 33 0
Free Cash Flow 4 8 6 1 -2 -0 7 -0 -0 7 47 -9
CFO/OP 67% 113% 119% 103% 116% 29% 182% 76% 70% 103% 114% -5%

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 18 18 14 18 29 22 30 26 24 28 33 35
Inventory Days 65 84 79 263 254 327 242 222 173 214 148 188
Days Payable 17 27 37 112 148 136 129 125 76 70 82 66
Cash Conversion Cycle 65 75 57 168 136 213 142 124 121 172 99 157
Working Capital Days 45 26 20 -15 -31 -9 -10 -19 -13 -2 35 51
ROCE % 44% 49% 58% 27% 8% 4% 5% 4% 10% 13% 10% 16%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Capital expenditure on Property, plant and equipment
Rs. lakhs

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Number of permanent employees
count
Export share of total product sales
%
SG Iron Fittings share of total product sales
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.27%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
65.97% 65.96% 65.95% 65.95% 65.96% 65.96% 65.95% 65.96% 65.96% 65.96% 65.97% 65.73%
No. of Shareholders 4,6254,7934,8004,9455,1855,0065,0295,0004,9154,8344,7504,756

* 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.

Click on the line-items to see the names of individual entities.

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