Nitco Ltd

Nitco Ltd

₹ 97.4 -0.93%
01 Jun - close price
About

Incorporated in 1966, NITCO Ltd is in the tiles and marble business[1]

Key Points

Business Overview:[1]
The company is a manufacturer of
Tiles. It has 50+ retail outlets in
India which sells designer bathroom
tiles, designer kitchen, outdoor tiles,
commercial tiles, etc. It has a collection
of wall tiles, floor tiles & marble, etc. and
has expanded its customer base to over
seas

  • Market Cap 2,346 Cr.
  • Current Price 97.4
  • High / Low 164 / 64.0
  • Stock P/E 61.4
  • Book Value 16.0
  • Dividend Yield 0.00 %
  • ROCE 7.73 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.2% CAGR over last 5 years

Cons

  • Stock is trading at 6.09 times its book value
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Promoter holding is low: 20.2%
  • Company might be capitalizing the interest cost
  • Promoters have pledged 67.1% of their holding.
  • Debtor days have increased from 77.1 to 114 days.
  • Promoter holding has decreased over last 3 years: -32.8%
  • Working capital days have increased from -69.6 days to 289 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.

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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
105.12 91.90 80.51 79.42 71.19 69.31 65.47 84.05 92.93 149.68 107.10 131.18 151.75
121.28 96.85 82.68 87.43 92.78 80.37 76.08 89.75 99.38 99.65 120.56 136.98 156.33
Operating Profit -16.16 -4.95 -2.17 -8.01 -21.59 -11.06 -10.61 -5.70 -6.45 50.03 -13.46 -5.80 -4.58
OPM % -15.37% -5.39% -2.70% -10.09% -30.33% -15.96% -16.21% -6.78% -6.94% 33.42% -12.57% -4.42% -3.02%
-0.11 1.71 1.83 0.55 0.72 1.16 12.76 -472.60 9.81 2.85 2.32 -2.25 1.44
Interest 18.82 21.95 23.97 24.23 25.03 26.47 26.95 10.56 2.31 1.12 0.96 1.06 1.54
Depreciation 7.07 7.24 7.33 7.34 7.25 7.15 7.22 169.88 2.99 2.55 -14.09 1.51 1.67
Profit before tax -42.16 -32.43 -31.64 -39.03 -53.15 -43.52 -32.02 -658.74 -1.94 49.21 1.99 -10.62 -6.35
Tax % 0.00% 1.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-42.17 -32.76 -31.65 -39.02 -53.15 -43.52 -32.02 -658.73 -1.94 49.21 1.99 -10.61 -6.36
EPS in Rs -5.87 -4.56 -4.40 -5.43 -7.40 -6.06 -4.46 -91.67 -0.08 2.15 0.09 -0.46 -0.26
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
874 823 696 599 588 458 325 409 382 323 312 540
891 827 689 595 587 506 365 448 419 360 346 514
Operating Profit -17 -5 7 4 2 -47 -40 -39 -37 -37 -34 26
OPM % -2% -1% 1% 1% 0% -10% -12% -10% -10% -11% -11% 5%
-6 -2 1 249 2 41 3 7 -11 5 -449 4
Interest 42 5 3 8 19 23 54 64 73 95 66 5
Depreciation 62 51 38 72 31 31 31 30 29 29 187 -8
Profit before tax -127 -63 -32 172 -47 -60 -121 -126 -151 -156 -736 34
Tax % 0% 0% 0% -12% 0% 1% 3% 0% 0% 0% 0% 0%
-127 -63 -32 193 -47 -61 -125 -126 -151 -157 -736 34
EPS in Rs -23.26 -11.48 -5.88 26.80 -6.53 -8.52 -17.41 -17.52 -21.05 -21.79 -32.19 1.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: 11%
3 Years: 12%
TTM: 73%
Compounded Profit Growth
10 Years: 10%
5 Years: 18%
3 Years: 32%
TTM: 114%
Stock Price CAGR
10 Years: 9%
5 Years: 31%
3 Years: 72%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 12%

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 55 55 55 72 72 72 72 72 72 72 229 241
Reserves -94 -157 -189 92 45 -17 -141 -267 -418 -574 33 145
1,276 1,301 1,293 850 864 552 758 812 882 965 213 250
214 232 225 236 272 378 205 224 252 236 308 313
Total Liabilities 1,451 1,431 1,384 1,251 1,253 985 893 841 788 698 783 948
608 564 533 464 443 417 392 363 337 309 84 70
CWIP 4 2 2 3 5 4 3 3 2 2 2 10
Investments 27 27 27 27 27 7 7 7 7 7 9 9
811 838 821 756 778 557 491 468 442 380 687 859
Total Assets 1,451 1,431 1,384 1,251 1,253 985 893 841 788 698 783 948

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
22 -14 16 430 17 23 11 5 3 -1 -139 -154
-0 -6 -9 -5 -10 -4 -1 4 -0 -1 3 -15
-17 21 -10 -428 -6 -25 -6 -9 -3 -3 220 104
Net Cash Flow 5 1 -3 -3 1 -6 4 -0 -1 -4 84 -65
Free Cash Flow 19 -19 7 425 7 19 10 8 2 -2 -133 -164
CFO/OP -138% 302% 224% 10,700% 1,077% -22% -28% -12% -8% 3% 406% -591%

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 51 68 73 110 127 115 111 86 71 42 75 114
Inventory Days 228 239 272 282 288 257 333 239 260 294 509 398
Days Payable 106 117 121 142 182 154 183 159 189 225 144 118
Cash Conversion Cycle 173 190 225 251 234 218 261 166 141 111 441 394
Working Capital Days -45 -107 -151 227 161 96 -81 -381 -526 -762 265 289
ROCE % -6% -5% -3% -6% -3% -9% -10% -10% -11% -12% -45% 8%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtors Turnover Ratio
Ratio

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Number of Direct Dealers
Number
Number of Franchise Stores
Number
Tile Manufacturing Capacity
Million SQM
Outstanding Order Book (Prestige Estates)
Rs. Crore
Total Land Bank Size
Acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.01% 53.01% 50.18% 47.93% 47.81% 46.78% 46.78% 16.23% 16.23% 16.21% 16.21% 20.17%
0.00% 0.02% 0.02% 0.14% 0.21% 0.85% 1.97% 0.41% 2.05% 2.30% 2.18% 2.30%
22.93% 16.07% 15.89% 15.19% 14.04% 8.39% 5.98% 1.88% 2.35% 2.24% 1.68% 1.54%
24.05% 30.87% 33.90% 36.73% 37.92% 43.96% 45.26% 81.48% 79.35% 79.25% 79.93% 75.98%
No. of Shareholders 22,03625,31324,43821,07021,22322,02822,90222,29021,99725,09525,73625,484

* 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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