Nitco Ltd

₹ 127 -1.94%

21 May - close price

About

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

Key Points

Business Overview:^[1]
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 overseas

Website BSE NSE

Market Cap ₹ 2,913 Cr.
Current Price ₹ 127
High / Low ₹ 149 / 63.2
Stock P/E
Book Value ₹ 10.8
Dividend Yield 0.00 %
ROCE -42.6 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 11.8 times its book value
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -30.6%
The company has delivered a poor sales growth of -7.35% over past five years.
Promoter holding is low: 16.2%
Promoters have pledged 87.8% of their holding.
Debtor days have increased from 62.3 to 74.8 days.
Company's cost of borrowing seems high
Working capital days have increased from 158 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.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	120.52	91.00	74.18	112.73	105.78	92.43	80.53	80.49	71.78	70.22	66.01	84.63	93.54
	134.70	98.35	85.69	115.03	121.94	97.39	82.70	94.63	93.37	81.01	78.78	89.65	99.69
Operating Profit	-14.18	-7.35	-11.51	-2.30	-16.16	-4.96	-2.17	-14.14	-21.59	-10.79	-12.77	-5.02	-6.15
OPM %	-11.77%	-8.08%	-15.52%	-2.04%	-15.28%	-5.37%	-2.69%	-17.57%	-30.08%	-15.37%	-19.35%	-5.93%	-6.57%
	0.75	-6.77	1.38	-5.83	-0.09	1.71	1.83	0.56	0.76	1.16	12.77	-472.60	10.18
Interest	16.44	17.01	18.59	18.94	18.81	21.95	23.97	24.23	25.38	26.74	27.39	12.67	3.38
Depreciation	7.37	7.38	7.40	7.40	7.07	7.24	7.33	7.34	7.25	7.15	7.22	169.88	3.55
Profit before tax	-37.24	-38.51	-36.12	-34.47	-42.13	-32.44	-31.64	-45.15	-53.46	-43.52	-34.61	-660.17	-2.90
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	0.00%	0.00%	-0.11%	0.00%	0.00%	0.00%	0.34%
	-37.25	-38.51	-36.13	-34.47	-42.13	-32.77	-31.65	-45.15	-53.41	-43.52	-34.61	-660.18	-2.90
EPS in Rs	-5.18	-5.36	-5.03	-4.80	-5.86	-4.56	-4.40	-6.07	-7.65	-6.06	-4.81	-91.87	-0.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	831	885	832	716	610	595	460	327	411	384	325	314
	845	883	813	692	606	596	506	376	450	421	368	349
Operating Profit	-14	2	19	24	4	-2	-46	-49	-39	-37	-43	-35
OPM %	-2%	0%	2%	3%	1%	-0%	-10%	-15%	-10%	-10%	-13%	-11%
	2	2	-1	2	253	2	28	-3	7	-11	5	-448
Interest	150	50	12	8	14	22	23	54	64	73	96	70
Depreciation	47	70	63	50	81	39	31	31	30	29	29	188
Profit before tax	-209	-116	-57	-32	162	-61	-71	-136	-126	-151	-163	-741
Tax %	1%	2%	2%	4%	-14%	-2%	2%	3%	0%	0%	0%	0%
	-211	-118	-58	-34	185	-60	-72	-140	-126	-151	-163	-741
EPS in Rs	-38.59	-21.82	-11.00	-6.10	26.29	-7.47	-10.05	-19.05	-17.55	-21.05	-22.68	-32.40
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-10%
5 Years:	-7%
3 Years:	-9%
TTM:	-3%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-71%

Stock Price CAGR
10 Years:	23%
5 Years:	54%
3 Years:	65%
1 Year:	60%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	55	55	55	55	72	72	72	72	72	72	72	229
Reserves	36	-92	-153	-184	93	40	-8	-144	-270	-421	-584	18
	1,298	1,336	1,351	1,335	878	885	732	758	812	882	973	291
	267	251	278	280	304	311	232	238	258	285	269	384
Total Liabilities	1,655	1,550	1,531	1,485	1,348	1,308	1,028	923	871	818	730	921
	782	712	666	624	548	518	458	396	368	341	314	137
CWIP	10	6	3	3	4	6	5	5	4	4	4	4
Investments	0	0	0	0	0	0	0	0	0	0	0	1
	864	831	862	858	795	783	565	522	499	472	412	779
Total Assets	1,655	1,550	1,531	1,485	1,348	1,308	1,028	923	871	818	730	921

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	51	11	9	31	370	25	35	12	5	3	-9	-148
	-14	-1	-12	-10	-6	-11	-4	-2	4	-0	-0	4
	-46	-15	4	-25	-367	-16	-36	-8	-9	-3	5	228
Net Cash Flow	-9	-4	-0	-4	-3	-2	-5	2	-0	-1	-4	84

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	57	51	69	77	121	129	115	111	86	70	42	75
Inventory Days	432	374	392	438	403	350	294	385	279	302	343	569
Days Payable	119	124	143	146	186	211	173	183	159	189	223	141
Cash Conversion Cycle	370	301	318	369	338	268	235	313	206	184	162	502
Working Capital Days	115	40	-2	-94	209	144	78	231	146	105	79	289
ROCE %	-4%	-5%	-3%	-2%	-6%	-4%	-8%	-11%	-11%	-11%	-14%	-43%

Shareholding Pattern

Numbers in percentages

10 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	53.02%	53.01%	53.01%	53.01%	53.01%	53.01%	50.18%	47.93%	47.81%	46.78%	46.78%	16.23%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.14%	0.21%	0.85%	1.97%	0.41%
	23.88%	23.88%	23.88%	23.66%	22.93%	16.07%	15.89%	15.19%	14.04%	8.39%	5.98%	1.88%
	23.10%	23.10%	23.11%	23.32%	24.05%	30.87%	33.90%	36.73%	37.92%	43.96%	45.26%	81.48%
No. of Shareholders	22,385	22,259	22,016	21,819	22,036	25,313	24,438	21,070	21,223	22,028	22,902	22,290

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	69.54%	52.94%	53.00%	53.00%	53.02%	53.02%	53.01%	47.93%	16.23%
	0.00%	1.18%	0.22%	0.08%	0.00%	0.00%	0.00%	0.14%	0.41%
	0.14%	24.27%	24.15%	23.88%	23.88%	23.88%	23.66%	15.19%	1.88%
	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
	30.32%	21.61%	22.63%	22.92%	23.10%	23.10%	23.32%	36.73%	81.48%
No. of Shareholders	15,220	15,879	18,919	18,392	18,824	22,555	21,819	21,070	22,290

* 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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Nitco Ltd

Nitco Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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