National Fittings Ltd
Incorporated in 1993, National Fittings Ltd manufactures spheroidal graphite pipe fittings, stainless steel fittings and stainless steel ball valves
- Market Cap ₹ 143 Cr.
- Current Price ₹ 158
- High / Low ₹ 195 / 81.5
- Stock P/E 30.6
- Book Value ₹ 62.0
- Dividend Yield 0.95 %
- ROCE 10.4 %
- ROE 8.13 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 51.4%
Cons
- Stock is trading at 2.54 times its book value
- The company has delivered a poor sales growth of 6.79% over past five years.
- Promoter holding is low: 34.0%
- Company has a low return on equity of 4.48% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
28.50 | 31.22 | 36.74 | 49.53 | 52.19 | 67.17 | 61.93 | 58.04 | 56.85 | 51.15 | 66.30 | 86.02 | 75.74 | |
25.71 | 26.99 | 30.38 | 39.95 | 40.91 | 51.63 | 48.08 | 51.00 | 52.25 | 46.41 | 61.94 | 76.43 | 65.30 | |
Operating Profit | 2.79 | 4.23 | 6.36 | 9.58 | 11.28 | 15.54 | 13.85 | 7.04 | 4.60 | 4.74 | 4.36 | 9.59 | 10.44 |
OPM % | 9.79% | 13.55% | 17.31% | 19.34% | 21.61% | 23.14% | 22.36% | 12.13% | 8.09% | 9.27% | 6.58% | 11.15% | 13.78% |
0.59 | 0.48 | 0.59 | 0.95 | 1.80 | 2.44 | 2.74 | 1.79 | 1.06 | 1.21 | 1.32 | 1.47 | 1.43 | |
Interest | 0.65 | 0.65 | 0.64 | 1.07 | 0.76 | 0.97 | 1.68 | 1.71 | 1.73 | 0.98 | 1.12 | 1.06 | 1.29 |
Depreciation | 0.43 | 0.70 | 0.72 | 1.16 | 1.21 | 1.05 | 2.69 | 2.65 | 2.43 | 2.62 | 2.89 | 3.43 | 3.44 |
Profit before tax | 2.30 | 3.36 | 5.59 | 8.30 | 11.11 | 15.96 | 12.22 | 4.47 | 1.50 | 2.35 | 1.67 | 6.57 | 7.14 |
Tax % | -1.30% | 60.42% | 39.89% | 33.73% | 33.39% | 36.47% | 36.58% | 33.11% | 11.33% | 29.79% | 19.76% | 33.18% | |
2.32 | 1.33 | 3.36 | 5.50 | 7.39 | 10.14 | 7.75 | 2.99 | 1.34 | 1.64 | 1.34 | 4.39 | 4.67 | |
EPS in Rs | 2.79 | 1.60 | 4.04 | 6.61 | 8.88 | 12.19 | 9.31 | 3.29 | 1.48 | 1.81 | 1.48 | 4.83 | 5.13 |
Dividend Payout % | 0.00% | 0.00% | 24.76% | 15.13% | 33.78% | 32.82% | 0.00% | 45.55% | 0.00% | 55.37% | 67.76% | 31.03% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 15% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -11% |
3 Years: | 48% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 9% |
3 Years: | 63% |
1 Year: | 82% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 8.32 | 8.32 | 8.32 | 8.32 | 8.32 | 8.32 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 |
Reserves | -0.47 | 0.85 | 2.71 | 6.88 | 11.26 | 19.41 | 38.08 | 41.23 | 40.62 | 42.26 | 42.52 | 45.86 | 47.23 |
Preference Capital | 5.00 | 5.00 | 5.00 | 3.00 | 0.00 | 0.00 | 4.00 | 4.00 | 4.00 | 2.00 | 0.00 | 0.00 | |
3.85 | 3.31 | 3.10 | 4.81 | 6.14 | 5.11 | 17.83 | 21.52 | 17.02 | 14.59 | 18.32 | 20.25 | 18.28 | |
6.87 | 6.53 | 10.04 | 7.39 | 6.05 | 6.64 | 15.21 | 19.51 | 16.60 | 15.25 | 15.10 | 14.04 | 13.82 | |
Total Liabilities | 18.57 | 19.01 | 24.17 | 27.40 | 31.77 | 39.48 | 80.20 | 91.34 | 83.32 | 81.18 | 85.02 | 89.23 | 88.41 |
6.55 | 6.29 | 6.12 | 5.10 | 5.80 | 10.43 | 40.72 | 46.89 | 46.60 | 46.09 | 47.64 | 47.31 | 45.78 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.09 | 0.14 | 0.56 | 1.33 | 1.25 | 0.99 | 0.75 | 0.69 | 3.35 | 4.43 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.03 | 1.60 | 1.54 | 1.48 | 1.31 | 2.02 | 2.26 | 2.16 |
12.02 | 12.72 | 18.05 | 22.21 | 25.83 | 27.46 | 36.55 | 41.66 | 34.25 | 33.03 | 34.67 | 36.31 | 36.04 | |
Total Assets | 18.57 | 19.01 | 24.17 | 27.40 | 31.77 | 39.48 | 80.20 | 91.34 | 83.32 | 81.18 | 85.02 | 89.23 | 88.41 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.59 | 3.57 | 5.42 | 3.83 | 9.53 | 12.53 | 8.96 | 6.14 | 1.81 | 8.85 | 3.83 | 5.68 | |
-2.63 | -0.26 | -0.21 | 0.41 | -1.29 | -5.24 | -6.74 | -7.36 | -1.34 | -1.01 | -4.08 | -5.37 | |
0.36 | -1.19 | -2.35 | -2.69 | -5.43 | -5.04 | -0.75 | 1.98 | -8.30 | -5.42 | -0.47 | -0.03 | |
Net Cash Flow | 0.32 | 2.12 | 2.86 | 1.55 | 2.80 | 2.25 | 1.47 | 0.76 | -7.83 | 2.42 | -0.71 | 0.27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 20.36 | 16.84 | 18.18 | 17.61 | 17.97 | 14.35 | 17.74 | 29.18 | 21.96 | 29.61 | 26.43 | 24.14 |
Inventory Days | 98.51 | 81.84 | 97.52 | 64.68 | 84.02 | 79.05 | 262.82 | 254.12 | 327.37 | 241.61 | 221.96 | 173.42 |
Days Payable | 31.52 | 14.53 | 36.57 | 16.98 | 27.16 | 36.80 | 112.47 | 147.71 | 136.21 | 129.35 | 124.82 | 76.30 |
Cash Conversion Cycle | 87.35 | 84.15 | 79.13 | 65.31 | 74.83 | 56.59 | 168.09 | 135.58 | 213.12 | 141.88 | 123.56 | 121.27 |
Working Capital Days | 89.52 | 86.52 | 74.21 | 80.69 | 69.38 | 47.60 | 59.70 | 68.48 | 89.50 | 72.71 | 61.49 | 61.27 |
ROCE % | 20.16% | 23.46% | 34.03% | 44.47% | 48.72% | 57.82% | 27.24% | 8.20% | 4.41% | 4.60% | 3.53% | 10.42% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
17 Apr - We have received the total consideration on the sale of factory located at Thekkalur on 16.04.2024 S Aravinthan Company Secretary
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Company - Not A Large Corporate
17 Apr - The "Company is not a Large Corporate" for the financial year ended 31.03.2024 S Aravinthan Company Secretary
- Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 17 Apr
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
17 Apr - Certificate issued by the Practicing Company Secretary relating to the deletion of name, transmission, split and issue of duplicate certificates for the period 01.04.2023 to …
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Compliance Certificate Under Reg 7(3) For The Year Ended 31.03.2024
6 Apr - Compliance certificate under Reg 7 (3) of the SEBI (LODR) Regulations, 2015 S Aravinthan Company Secretary
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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