Nitco Ltd

About [ edit ]

NITCO tiles were established in 1966 by the late Mr. Pran Nath Talwar, is engaged in providing floor and wall solutions and manufactures a range of tiles, marbles, and mosaic. It has also entered into real estate development # #

Key Points [ edit ]
  • Market Cap 153 Cr.
  • Current Price 21.4
  • High / Low 29.6 / 14.2
  • Stock P/E
  • Book Value -0.03
  • Dividend Yield 0.00 %
  • ROCE -8.97 %
  • ROE -29.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.23% over past five years.
  • Company has a low return on equity of 11.41% for last 3 years.
  • Contingent liabilities of Rs.324.30 Cr.
  • Promoters have pledged 91.38% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
125 134 167 170 140 127 114 80 24 77 107
128 136 165 169 144 146 131 95 41 88 111
Operating Profit -3 -2 3 1 -4 -18 -17 -15 -17 -11 -4
OPM % -3% -1% 2% 1% -3% -14% -15% -19% -74% -14% -4%
Other Income 0 1 0 1 4 1 1 36 1 1 0
Interest 6 6 6 5 5 5 5 8 13 13 13
Depreciation 10 10 10 10 10 8 8 10 7 7 7
Profit before tax -18 -17 -12 -13 -15 -30 -29 3 -36 -30 -25
Tax % 0% 0% 0% 10% 8% 0% 0% 75% 0% 0% 0%
Net Profit -18 -15 -11 -12 -14 -30 -28 1 -36 -29 -24
EPS in Rs -2.56 -2.11 -1.48 -1.66 -1.91 -4.19 -3.92 0.12 -5.07 -4.06 -3.33

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
607 405 643 939 854 831 885 832 716 610 595 461 288
531 378 566 854 888 845 883 813 692 606 596 511 335
Operating Profit 75 27 77 85 -34 -14 2 19 24 4 -2 -50 -47
OPM % 12% 7% 12% 9% -4% -2% 0% 2% 3% 1% -0% -11% -16%
Other Income 0 1 1 -34 -0 2 2 -1 2 253 2 41 38
Interest 24 16 28 75 154 150 50 12 8 14 22 23 47
Depreciation 14 21 23 33 42 47 70 63 50 81 39 39 32
Profit before tax 38 -9 27 -57 -231 -209 -116 -57 -32 162 -61 -71 -88
Tax % 33% -1% 8% -0% -2% -1% -2% -2% -4% -14% 2% -2%
Net Profit 25 -9 25 -57 -236 -211 -119 -60 -33 189 -54 -47 -89
EPS in Rs 7.82 -2.73 7.71 -17.44 -72.28 -38.59 -21.82 -11.00 -6.10 26.29 -7.47 -6.60 -12.34
Dividend Payout % 13% 0% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:1%
5 Years:-12%
3 Years:-14%
TTM:-48%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:%
TTM:-41%
Stock Price CAGR
10 Years:-10%
5 Years:-14%
3 Years:-33%
1 Year:37%
Return on Equity
10 Years:%
5 Years:%
3 Years:11%
Last Year:-30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
32 32 32 33 33 55 55 55 55 222 222 222 72
Reserves 488 479 503 446 211 36 -92 -153 -184 76 22 -8 -72
Borrowings 291 456 528 731 1,222 1,298 1,336 1,351 1,335 728 735 582 532
177 232 427 561 235 267 251 278 280 471 478 382 426
Total Liabilities 989 1,199 1,490 1,770 1,701 1,655 1,550 1,531 1,485 1,348 1,308 1,028 957
371 375 563 741 818 782 712 666 624 548 518 458 407
CWIP 66 110 78 6 7 10 6 3 3 4 6 5 5
Investments 6 5 5 0 0 0 0 0 0 0 0 0 0
545 709 844 1,022 876 864 831 862 858 795 783 565 545
Total Assets 989 1,199 1,490 1,770 1,701 1,655 1,550 1,531 1,485 1,348 1,308 1,028 957

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
31 -63 94 143 -279 51 11 9 31 370 25 35
-174 -69 -181 -150 -137 -14 -1 -12 -10 -6 -11 -4
133 145 90 55 396 -46 -15 4 -25 -367 -16 -36
Net Cash Flow -9 13 4 48 -20 -9 -4 -0 -4 -3 -2 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 1% 5% 5% -6% -4% -5% -3% -2% -6% -4% -9%
Debtor Days 64 82 62 37 41 57 51 69 77 121 129 115
Inventory Turnover 1.77 0.85 0.88 0.91 0.92 1.06 1.22 1.12 1.00 0.98 1.21 1.17

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
52.94 52.94 52.95 53.00 53.00 53.00 53.00 53.00 53.00 53.02 53.02 53.02
1.08 0.68 0.22 0.22 0.19 0.19 0.08 0.08 0.00 0.00 0.00 0.00
24.25 24.24 24.12 24.15 24.23 23.99 23.90 23.88 23.88 23.88 23.88 23.88
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.14 0.00 0.00 0.00
21.73 22.14 22.70 22.63 22.57 22.81 23.01 22.92 22.98 23.10 23.10 23.10

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