Nitin Fire Protection Industries Ltd
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]
- Market Cap ₹ 54.1 Cr.
- Current Price ₹ 1.85
- High / Low ₹ /
- Stock P/E 4.56
- Book Value ₹ 1.32
- Dividend Yield 0.00 %
- ROCE 32.8 %
- ROE 36.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 327 to 161 days.
Cons
- Promoter holding has decreased over last quarter: -8.52%
- Tax rate seems low
- Earnings include an other income of Rs.17.1 Cr.
- Company has high debtors of 161 days.
- Working capital days have increased from -19,298 days to 253 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 Manufacturing Industrial Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 705 | 1,016 | 1,147 | 1,480 | 1,327 | 888 | 18 | 8 | 10 | 7 | 6 | 24 | |
| 622 | 903 | 1,031 | 1,316 | 1,281 | 952 | 29 | 20 | 36 | 12 | 14 | 29 | |
| Operating Profit | 83 | 113 | 116 | 163 | 45 | -65 | -11 | -11 | -26 | -5 | -7 | -4 |
| OPM % | 12% | 11% | 10% | 11% | 3% | -7% | -64% | -132% | -256% | -75% | -117% | -18% |
| 14 | -3 | 11 | 15 | 2 | 6 | 7 | 14 | 23 | 3 | 8 | 17 | |
| Interest | 25 | 31 | 41 | 52 | 60 | 73 | 63 | 117 | 1 | 4 | 0 | 0 |
| Depreciation | 5 | 9 | 14 | 24 | 25 | 38 | 1 | 1 | 1 | 0 | 0 | 1 |
| Profit before tax | 66 | 70 | 71 | 101 | -38 | -171 | -68 | -115 | -4 | -6 | 0 | 12 |
| Tax % | 7% | 4% | 5% | 2% | -1% | 0% | 2% | 0% | -0% | 0% | -409% | 0% |
| 57 | 67 | 67 | 99 | -64 | -167 | -70 | -117 | -4 | -6 | 2 | 12 | |
| EPS in Rs | 1.94 | 2.28 | 2.30 | 3.37 | -2.18 | -5.72 | -2.39 | -3.99 | -0.14 | -0.22 | 0.08 | 0.41 |
| Dividend Payout % | 8% | 7% | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -34% |
| 5 Years: | 7% |
| 3 Years: | 34% |
| TTM: | 285% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -19% |
| 5 Years: | 17% |
| 3 Years: | 70% |
| TTM: | 439% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -25% |
| 5 Years: | 12% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 44 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | |
| Reserves | 273 | 327 | 379 | 532 | 448 | 286 | -1,132 | -1,136 | -1,143 | -32 | -20 | |
| 353 | 392 | 502 | 555 | 451 | 830 | 590 | 603 | 601 | 6 | 4 | ||
| 87 | 115 | 189 | 142 | 348 | 229 | 525 | 516 | 519 | 9 | 32 | ||
| Total Liabilities | 758 | 879 | 1,128 | 1,287 | 1,305 | 1,403 | 42 | 41 | 36 | 42 | 74 | |
| 159 | 176 | 192 | 290 | 304 | 310 | 19 | 14 | 10 | 8 | 10 | ||
| CWIP | 23 | 23 | 0 | 2 | 2 | 160 | 0 | 0 | 0 | 0 | 0 | |
| Investments | 36 | 1 | 38 | 40 | 8 | 12 | 4 | 4 | 4 | 3 | 3 | |
| 540 | 678 | 899 | 956 | 991 | 921 | 18 | 23 | 22 | 31 | 60 | ||
| Total Assets | 758 | 879 | 1,128 | 1,287 | 1,305 | 1,403 | 42 | 41 | 36 | 42 | 74 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 1 | -15 | 113 | 244 | -159 | 5 | 127 | -5 | -5 | -30 | 0 | |
| -26 | -26 | -28 | -156 | -48 | -200 | 1 | 0 | 4 | 4 | 42 | 0 | |
| 25 | 2 | 69 | -5 | -204 | 366 | -6 | -128 | 5 | -2 | -11 | 0 | |
| Net Cash Flow | 40 | -23 | 25 | -48 | -8 | 7 | -0 | -1 | 4 | -3 | -0 | 0 |
| Free Cash Flow | 6 | -25 | -42 | -46 | 185 | -364 | 5 | 127 | -1 | -1 | -25 | 0 |
| CFO/OP | 54% | 4% | -12% | 70% | 537% | 247% | -61% | -1,133% | 20% | 94% | 457% | 0% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 136 | 108 | 148 | 121 | 116 | 218 | 107 | 258 | 384 | 437 | 161 | |
| Inventory Days | 92 | 80 | 96 | 90 | 104 | 155 | 234 | 127 | 90 | 939 | 217 | |
| Days Payable | 43 | 22 | 61 | 36 | 131 | 78 | 3,671 | 3,498 | 4,187 | 133 | 157 | |
| Cash Conversion Cycle | 186 | 166 | 182 | 176 | 89 | 295 | -3,329 | -3,113 | -3,714 | 1,242 | 220 | |
| Working Capital Days | 12 | 43 | 43 | 45 | 49 | -63 | -47,300 | -40,329 | -58,593 | 446 | 253 | |
| ROCE % | 16% | 15% | 13% | 15% | 2% | -9% | 33% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Jan 2026 | |
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| Domestic Marketing Offices Number ・Standalone data |
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| Equity Ownership in Rajasthan Oil Block % ・Standalone data |
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| Major Manufacturing Locations Number ・Standalone data |
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| Number of Permanent Employees Number ・Standalone data |
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| Number of Domestic and International Approvals Number |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Of Receipt Of ISO Certification
30 May - TUV Austria granted EN ISO 9001:2015 certification, valid until 13 May 2029, for fire protection operations.
- Outcome Of The Board Meeting Held On Saturday, May 30, 2026 30 May
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Board Meeting Outcome for For The Board Meeting Held On Saturday, May 30, 2026
30 May - Board approved audited standalone and consolidated results for quarter and year ended March 31, 2026.
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Board Meeting Intimation for Intimation For The Meeting Of Board To Be Held On Saturday, 30Th May, 2026
26 May - Board meeting on May 30, 2026 to approve March 2026 results; trading window closed from April 1, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Apr - Company submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.
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]