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 71.3
  • Book Value 15.2
  • Dividend Yield 0.00 %
  • ROCE 7.07 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 6.42 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.

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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
Raw PDF

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: 72%
1 Year: -29%
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

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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 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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