Nitin Fire Protection Industries Ltd

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

Nitin Fire Protection Industries Ltd

₹ 1.85 -2.63%
10 Feb 2022
nitinfire.com BSE: 532854 NSE: NITINFIRE
About

Co. was Incorporated in 1995, It provides gas and water-based fire protection systems under the brand name ‘NITIE’ to telecommunications, information technology, banking, and manufacturing industries. It also trades in fire detection systems and high-pressure seamless cylinders. Co. is promoted by Mr Nitin Shah & his sons, Mr Rahul & Mr Kunal Shah. [1]

Key Points

Bankruptcy and Credit Loss
In June 2018, NFPIL incurred a net loss of Rs. 48 cr. NFPIL’s current liabilities exceeded its total assets by 188 cr and one of their lenders had filed a petition before NCLT under Insolvency & Bankruptcy Code, 2016. NPFIL had trade receivables of Rs. 290 cr for sales made in earlier years and company had made provision of Rs. 181 crs by way of Expected Credit Loss. [1]

Website BSE NSE - BZ
  • Market Cap ₹ 54.1 Cr.
  • Current Price ₹ 1.85
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -37.4
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -28.0% over past five years.
  • Promoters have pledged 61.2% of their holding.
  • Company has high debtors of 388 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2 1 0 2 2 1 0 1 2 1 0 1 6
2 10 2 3 2 23 1 1 4 6 1 4 4
Operating Profit 0 -10 -1 -1 -0 -22 -1 -0 -2 -5 -1 -3 2
OPM % 20% -1,336% -422% -83% -23% -1,788% -272% -56% -69% -854% -718% -279% 40%
0 8 -0 3 3 -0 0 2 0 1 0 0 974
Interest 37 8 0 0 0 0 0 0 0 0 0 -0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -37 -10 -2 2 2 -22 -1 1 -2 -5 -1 -3 976
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-37 -10 -2 2 2 -22 -1 1 -2 -5 -1 -3 976
EPS in Rs -1.25 -0.34 -0.06 0.05 0.08 -0.75 -0.04 0.04 -0.06 -0.16 -0.04 -0.10 33.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
352 455 489 460 269 55 21 25 13 4 5 4 8
317 416 451 422 348 192 477 95 26 15 29 9 15
Operating Profit 35 39 38 38 -80 -137 -456 -70 -13 -11 -24 -5 -7
OPM % 10% 9% 8% 8% -30% -248% -2,204% -284% -106% -250% -519% -131% -87%
7 -3 13 11 3 12 49 37 7 8 22 3 975
Interest 19 21 32 35 43 62 96 186 63 117 1 4 1
Depreciation 1 1 2 7 5 4 2 1 1 1 1 0 0
Profit before tax 22 14 17 8 -124 -191 -505 -221 -71 -121 -3 -6 967
Tax % 21% 20% 21% 30% -0% 0% 0% -0% 2% 0% 0% 0%
18 11 14 5 -124 -192 -505 -220 -73 -121 -3 -6 967
EPS in Rs 0.60 0.38 0.46 0.19 -4.23 -6.57 -17.29 -7.53 -2.49 -4.13 -0.12 -0.22 33.09
Dividend Payout % 25% 40% 43% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -38%
5 Years: -28%
3 Years: -32%
TTM: 67%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 24%
TTM: 78%
Stock Price CAGR
10 Years: -24%
5 Years: 36%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 44 44 58 58 58 58 58 58 58 58 58 58 58
Reserves 106 105 103 108 -28 -220 -725 -945 -1,018 -1,138 -1,142 -1,148 -1,153
221 256 296 338 247 555 522 572 599 599 600 599 577
44 52 121 76 212 126 200 344 386 504 509 512 535
Total Liabilities 415 456 578 580 489 520 55 30 26 24 25 20 17
13 12 21 38 33 23 21 18 17 16 11 5 5
CWIP 23 23 0 2 2 0 0 0 0 0 0 0 0
Investments 59 13 58 58 54 53 10 6 4 4 4 4 4
321 408 500 484 400 443 25 7 5 4 10 11 7
Total Assets 415 456 578 580 489 520 55 30 26 24 25 20 17

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 -29 22 -34 124 -278 208 2 122 -1 -2
-4 2 -10 -16 5 10 -1 1 0 4 1
11 7 10 2 -134 268 -207 -3 -123 0 -2
Net Cash Flow 41 -20 23 -48 -5 0 1 -0 -1 3 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 182 127 189 221 344 1,221 320 25 56 151 334 388
Inventory Days 93 87 102 123 127 400 11 6 24 33 144 22
Days Payable 42 25 93 62 293 585 212 885 2,082 7,005 8,729 4,909
Cash Conversion Cycle 233 190 198 282 177 1,035 119 -855 -2,002 -6,821 -8,251 -4,499
Working Capital Days 222 252 215 287 192 1,967 -3,146 -5,604 -11,275 -41,615 -38,958 -45,817
ROCE % 13% 10% 11% 9% -21% -39% -329%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68%
1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
46.79% 46.80% 46.80% 46.81% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80%
No. of Shareholders 40,45340,44940,44140,43240,43240,41940,41640,40440,39240,38540,38040,375

* 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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