Nitco Ltd

₹ 114 6.38%

19 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

Website BSE NSE

Market Cap ₹ 2,736 Cr.
Current Price ₹ 114
High / Low ₹ 164 / 64.0
Stock P/E 83.2
Book Value ₹ 15.2
Dividend Yield 0.00 %
ROCE 7.07 %
ROE 10.8 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 7.50 times its book value
The company has delivered a poor sales growth of 10.6% 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 76.7 to 113 days.
Promoter holding has decreased over last 3 years: -32.8%
Working capital days have increased from -73.3 days to 294 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

Consumer Discretionary Consumer Durables Consumer Durables Ceramics

Part of BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	105.78	92.43	80.53	80.49	71.78	70.22	66.01	84.63	93.54	150.22	107.70	131.76	152.33
	121.94	97.39	82.70	94.63	93.37	81.01	78.78	89.65	99.69	100.60	121.41	137.78	157.26
Operating Profit	-16.16	-4.96	-2.17	-14.14	-21.59	-10.79	-12.77	-5.02	-6.15	49.62	-13.71	-6.02	-4.93
OPM %	-15.28%	-5.37%	-2.69%	-17.57%	-30.08%	-15.37%	-19.35%	-5.93%	-6.57%	33.03%	-12.73%	-4.57%	-3.24%
	-0.09	1.71	1.83	0.56	0.76	1.16	12.77	-472.60	10.18	3.47	3.50	-1.40	2.32
Interest	18.81	21.95	23.97	24.23	25.38	26.74	27.39	12.67	3.38	2.53	2.38	2.48	2.92
Depreciation	7.07	7.24	7.33	7.34	7.25	7.15	7.22	169.88	3.55	3.11	-13.53	2.06	2.23
Profit before tax	-42.13	-32.44	-31.64	-45.15	-53.46	-43.52	-34.61	-660.17	-2.90	47.45	0.94	-11.96	-7.76
Tax %	0.00%	1.02%	0.00%	0.00%	-0.11%	0.00%	0.00%	0.00%	0.34%	0.00%	0.00%	0.00%	0.39%
	-42.13	-32.77	-31.65	-45.15	-53.41	-43.52	-34.61	-660.18	-2.90	47.46	0.94	-11.96	-7.79
EPS in Rs	-5.86	-4.56	-4.40	-6.07	-7.65	-6.06	-4.81	-91.87	-0.12	2.08	0.04	-0.52	-0.32
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	885	832	716	610	595	460	327	411	384	325	314	542
	883	813	692	606	596	506	376	450	421	368	349	517
Operating Profit	2	19	24	4	-2	-46	-49	-39	-37	-43	-35	25
OPM %	0%	2%	3%	1%	-0%	-10%	-15%	-10%	-10%	-13%	-11%	5%
	2	-1	2	253	2	28	-3	7	-11	5	-448	8
Interest	50	12	8	14	22	23	54	64	73	96	70	10
Depreciation	70	63	50	81	39	31	31	30	29	29	188	-6
Profit before tax	-116	-57	-32	162	-61	-71	-136	-126	-151	-163	-741	29
Tax %	2%	2%	4%	-14%	-2%	2%	3%	0%	0%	0%	0%	0%
	-118	-58	-34	185	-60	-72	-140	-126	-151	-163	-741	29
EPS in Rs	-21.82	-11.00	-6.10	26.29	-7.47	-10.05	-19.05	-17.55	-21.05	-22.68	-32.40	1.20
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:	72%

Compounded Profit Growth
10 Years:	10%
5 Years:	18%
3 Years:	31%
TTM:	112%

Stock Price CAGR
10 Years:	9%
5 Years:	31%
3 Years:	84%
1 Year:	-13%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-92	-153	-184	93	40	-8	-144	-270	-421	-584	18	124
	1,336	1,351	1,335	878	885	732	758	812	882	973	291	314
	251	278	280	304	311	232	238	258	285	269	384	411
Total Liabilities	1,550	1,531	1,485	1,348	1,308	1,028	923	871	818	730	921	1,090
	712	666	624	548	518	458	396	368	341	314	137	120
CWIP	6	3	3	4	6	5	5	4	4	4	4	11
Investments	0	0	0	0	0	0	0	0	0	0	1	1
	831	862	858	795	783	565	522	499	472	412	779	958
Total Assets	1,550	1,531	1,485	1,348	1,308	1,028	923	871	818	730	921	1,090

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	9	31	370	25	35	12	5	3	-9	-148	-153
	-1	-12	-10	-6	-11	-4	-2	4	-0	-0	4	-10
	-15	4	-25	-367	-16	-36	-8	-9	-3	5	228	102
Net Cash Flow	-4	-0	-4	-3	-2	-5	2	-0	-1	-4	84	-60
Free Cash Flow	9	-4	21	364	14	31	10	8	2	-9	-142	-162
CFO/OP	650%	51%	126%	11,001%	-1,423%	-50%	-24%	-12%	-8%	20%	422%	-612%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	69	77	121	129	115	111	86	70	42	75	113
Inventory Days	374	392	438	403	350	294	385	279	302	345	572	448
Days Payable	124	143	146	186	211	173	183	159	189	224	142	118
Cash Conversion Cycle	301	318	369	338	268	235	313	206	184	162	505	444
Working Capital Days	1	-60	-160	200	134	65	-104	-397	-543	-788	274	294
ROCE %	-5%	-3%	-2%	-6%	-4%	-8%	-11%	-11%	-11%	-14%	-43%	7%

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 ・Includes some standalone data

		x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x,xxx	x,xxx	x,xxx	x,xxx		xxx	xxx		xxx	xxx	xxx
xxx	xxx	xxx	xxx		xx	xxx			xxx	xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
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Number of Direct Dealers
Number ・Standalone data

Number of Franchise Stores
Number ・Standalone data

Tile Manufacturing Capacity
Million SQM ・Standalone data

Outstanding Order Book (Prestige Estates)
Rs. Crore ・Standalone data

Total Land Bank Size
Acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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	22,036	25,313	24,438	21,070	21,223	22,028	22,902	22,290	21,997	25,095	25,736	25,484

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	69.54%	52.94%	53.00%	53.00%	53.02%	53.02%	53.01%	47.93%	16.23%	20.17%
	0.00%	1.18%	0.22%	0.08%	0.00%	0.00%	0.00%	0.14%	0.41%	2.30%
	0.14%	24.27%	24.15%	23.88%	23.88%	23.88%	23.66%	15.19%	1.88%	1.54%
	0.00%	0.00%	0.00%	0.12%	0.00%	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%	75.98%
No. of Shareholders	15,220	15,879	18,919	18,392	18,824	22,555	21,819	21,070	22,290	25,484

* 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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Nitco Ltd

Nitco Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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