Nitco Ltd

About

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 [1] [2]

Key Points

Strategic Collaboration
It is one of the largest manufacturers of concrete and terrazzo tiles in Asia.
It is also a leading manufacturer of Glass Fibre Reinforced Molded architectural products. [1]

See full details
  • Market Cap 183 Cr.
  • Current Price 25.5
  • High / Low 34.0 / 15.6
  • Stock P/E
  • Book Value -10.1
  • Dividend Yield 0.00 %
  • ROCE -14.0 %
  • ROE -194 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.03% over past five years.
  • Company has a low return on equity of -45.41% 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

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
134 167 170 140 127 114 80 24 77 107 119 80
136 165 169 144 146 131 134 41 88 111 142 89
Operating Profit -2 3 1 -4 -18 -17 -54 -17 -11 -4 -23 -10
OPM % -1% 2% 1% -3% -14% -15% -68% -74% -14% -4% -19% -12%
Other Income 1 0 1 4 1 1 73 1 1 0 1 1
Interest 6 6 5 5 5 5 8 13 13 13 15 15
Depreciation 10 10 10 10 8 8 8 7 7 7 9 8
Profit before tax -17 -12 -13 -15 -30 -29 3 -36 -30 -25 -45 -32
Tax % 0% 0% 10% 8% 0% 0% 75% 0% 0% 0% -8% 0%
Net Profit -15 -11 -12 -14 -30 -28 21 -36 -29 -24 -48 -32
EPS in Rs -2.11 -1.48 -1.66 -1.91 -4.19 -3.92 2.91 -5.07 -4.06 -3.30 -6.73 -4.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
405 643 939 854 831 885 832 716 610 595 461 327 383
378 566 854 888 845 883 813 692 606 596 511 382 430
Operating Profit 27 77 85 -34 -14 2 19 24 4 -2 -50 -55 -47
OPM % 7% 12% 9% -4% -2% 0% 2% 3% 1% -0% -11% -17% -12%
Other Income 1 1 -34 -0 2 2 -1 2 253 2 41 3 3
Interest 16 28 75 154 150 50 12 8 14 22 23 54 56
Depreciation 21 23 33 42 47 70 63 50 81 39 39 31 31
Profit before tax -9 27 -57 -231 -209 -116 -57 -32 162 -61 -71 -136 -131
Tax % -1% 8% -0% -2% -1% -2% -2% -4% -14% 2% -2% -3%
Net Profit -9 25 -57 -236 -211 -119 -60 -33 189 -54 -47 -137 -133
EPS in Rs -2.73 7.71 -17.44 -72.28 -38.59 -21.82 -11.00 -6.10 26.29 -7.47 -6.60 -19.05 -18.48
Dividend Payout % 0% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-7%
5 Years:-17%
3 Years:-19%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-80%
Stock Price CAGR
10 Years:-6%
5 Years:-21%
3 Years:-12%
1 Year:49%
Return on Equity
10 Years:%
5 Years:%
3 Years:-45%
Last Year:-194%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
32 32 33 33 55 55 55 55 222 222 222 72
Reserves 479 503 446 211 36 -92 -153 -184 76 22 -8 -144
Borrowings 456 528 731 1,222 1,298 1,336 1,351 1,335 728 735 582 460
232 427 561 235 267 251 278 280 471 478 382 536
Total Liabilities 1,199 1,490 1,770 1,701 1,655 1,550 1,531 1,485 1,348 1,308 1,028 923
375 563 741 818 782 712 666 624 548 518 458 396
CWIP 110 78 6 7 10 6 3 3 4 6 5 5
Investments 5 5 0 0 0 0 0 0 0 0 0 0
709 844 1,022 876 864 831 862 858 795 783 565 522
Total Assets 1,199 1,490 1,770 1,701 1,655 1,550 1,531 1,485 1,348 1,308 1,028 923

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-63 94 143 -279 51 11 9 31 370 25 35 12
-69 -181 -150 -137 -14 -1 -12 -10 -6 -11 -4 -2
145 90 55 396 -46 -15 4 -25 -367 -16 -36 -8
Net Cash Flow 13 4 48 -20 -9 -4 -0 -4 -3 -2 -5 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 82 62 37 41 57 51 69 77 121 129 115 111
Inventory Days 589 545 465 405 432 374 392 438 403 350 291 385
Days Payable 299 222 328 64 119 124 143 146 186 211 172 183
Cash Conversion Cycle 372 385 174 381 370 301 318 369 338 268 234 313
Working Capital Days 426 239 154 287 267 226 243 280 235 218 204 -104
ROCE % 1% 5% 5% -6% -4% -5% -3% -2% -6% -4% -9% -14%

Shareholding Pattern

Numbers in percentages

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

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