Nitin Fire Protection Industries Ltd

Nitin Fire Prot. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitin Fire Protection Industries Ltd

₹ 1.85 -2.63%
10 Feb 2022
nitinfire.com BSE: 532854 NSE: NITINFIRE
About

Co. was Incorporated in 1995, It provides gas and water-based fire protection systems under the brand name ‘NITIE’ to telecommunications, information technology, banking, and manufacturing industries. It also trades in fire detection systems and high-pressure seamless cylinders. Co. is promoted by Mr Nitin Shah & his sons, Mr Rahul & Mr Kunal Shah. [1]

Key Points

Bankruptcy and Credit Loss
In June 2018, NFPIL incurred a net loss of Rs. 48 cr. NFPIL’s current liabilities exceeded its total assets by 188 cr and one of their lenders had filed a petition before NCLT under Insolvency & Bankruptcy Code, 2016. NPFIL had trade receivables of Rs. 290 cr for sales made in earlier years and company had made provision of Rs. 181 crs by way of Expected Credit Loss. [1]

Website BSE NSE - BZ
  • Market Cap ₹ 54.1 Cr.
  • Current Price ₹ 1.85
  • High / Low ₹ /
  • Stock P/E 5.45
  • Book Value ₹ 1.10
  • Dividend Yield 0.00 %
  • ROCE 36.5 %
  • ROE 36.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 456 to 160 days.

Cons

  • Promoter holding has decreased over last quarter: -8.52%
  • Earnings include an other income of Rs.16.2 Cr.
  • Company has high debtors of 160 days.
  • Working capital days have increased from -32,846 days to 309 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1.21 0.32 0.63 2.48 0.59 0.17 1.03 5.95 -4.50 2.97 4.24 6.53 7.67
22.84 1.19 0.98 4.18 5.63 1.39 3.90 3.59 -0.03 4.49 5.60 6.49 10.96
Operating Profit -21.63 -0.87 -0.35 -1.70 -5.04 -1.22 -2.87 2.36 -4.47 -1.52 -1.36 0.04 -3.29
OPM % -1,787.60% -271.88% -55.56% -68.55% -854.24% -717.65% -278.64% 39.66% -51.18% -32.08% 0.61% -42.89%
-0.02 0.08 1.75 0.16 0.82 0.07 0.07 973.62 6.32 7.48 8.64 0.01 0.07
Interest 0.12 0.19 0.25 0.30 0.29 0.11 -0.01 0.20 -0.02 0.00 0.00 0.00 0.00
Depreciation 0.17 0.10 0.10 0.04 0.03 0.03 0.03 0.03 0.03 0.04 0.03 0.03 0.04
Profit before tax -21.94 -1.08 1.05 -1.88 -4.54 -1.29 -2.82 975.75 1.84 5.92 7.25 0.02 -3.26
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -95.65% 0.00% 0.00% 0.00% 0.00%
-21.94 -1.08 1.06 -1.88 -4.54 -1.29 -2.82 975.75 3.61 5.92 7.25 0.01 -3.26
EPS in Rs -0.75 -0.04 0.04 -0.06 -0.16 -0.04 -0.10 33.39 0.12 0.20 0.25 0.00 -0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
488.97 460.36 268.74 55.19 20.70 24.71 12.67 4.39 4.70 4.02 2.65 21.41
451.18 422.23 348.29 192.15 477.03 94.88 26.12 15.35 29.11 9.34 8.86 27.54
Operating Profit 37.79 38.13 -79.55 -136.96 -456.33 -70.17 -13.45 -10.96 -24.41 -5.32 -6.21 -6.13
OPM % 7.73% 8.28% -29.60% -248.16% -2,204.49% -283.97% -106.16% -249.66% -519.36% -132.34% -234.34% -28.63%
13.36 10.94 3.05 11.62 48.95 37.00 6.73 8.21 22.33 2.82 7.76 16.20
Interest 31.54 34.72 42.67 61.69 96.24 186.11 63.45 117.15 0.73 3.68 0.27 0.00
Depreciation 2.50 6.56 4.70 4.42 1.58 1.23 0.83 0.74 0.68 0.27 0.12 0.15
Profit before tax 17.11 7.79 -123.87 -191.45 -505.20 -220.51 -71.00 -120.64 -3.49 -6.45 1.16 9.92
Tax % 20.63% 30.17% -0.22% 0.27% 0.00% -0.21% 2.30% 0.00% 0.00% 0.00% -151.72% 0.00%
13.57 5.44 -123.60 -191.97 -505.22 -220.04 -72.63 -120.64 -3.49 -6.44 2.93 9.92
EPS in Rs 0.46 0.19 -4.23 -6.57 -17.29 -7.53 -2.49 -4.13 -0.12 -0.22 0.10 0.34
Dividend Payout % 43.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -26%
5 Years: 11%
3 Years: 66%
TTM: 708%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 63%
TTM: 852%
Stock Price CAGR
10 Years: -25%
5 Years: 12%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45
Reserves 102.82 108.26 -28.48 -220.06 -725.18 -944.93 -1,017.56 -1,138.20 -1,141.63 -1,148.49 -36.25 -26.33
295.86 337.60 247.49 555.11 521.86 572.45 599.03 599.23 599.90 598.73 0.00 0.00
121.28 76.04 211.84 126.00 200.09 344.42 385.97 504.46 508.66 511.56 0.71 8.48
Total Liabilities 578.41 580.35 489.30 519.50 55.22 30.39 25.89 23.94 25.38 20.25 22.91 40.60
21.01 37.61 33.02 22.86 20.71 17.51 16.68 15.94 11.03 5.46 2.96 6.98
CWIP 0.00 1.62 1.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 57.54 57.54 53.83 53.45 9.50 6.04 4.48 4.48 4.24 4.24 4.24 3.11
499.86 483.58 400.46 443.19 25.01 6.84 4.73 3.52 10.11 10.55 15.71 30.51
Total Assets 578.41 580.35 489.30 519.50 55.22 30.39 25.89 23.94 25.38 20.25 22.91 40.60

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
22.39 -33.56 123.94 -277.83 208.45 2.03 122.10 -1.27 -4.22 -30.60 -17.01
-9.70 -16.09 5.26 10.33 -1.26 0.71 0.00 4.29 5.57 6.72 17.52
10.06 2.01 -134.23 267.94 -206.67 -2.84 -122.64 0.41 -4.85 23.88 0.00
Net Cash Flow 22.76 -47.64 -5.03 0.44 0.52 -0.09 -0.53 3.43 -3.49 0.00 0.51
Free Cash Flow 10.56 -56.06 122.92 -277.35 206.87 2.03 122.10 2.97 1.07 -23.96 -17.72
CFO/OP 64% -84% -155% 203% -297% -29% -1,115% 5% 79% 493% 295%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 189.38 220.62 343.53 1,220.66 320.04 24.96 55.60 151.32 333.94 387.70 820.91 160.25
Inventory Days 101.63 123.30 127.01 399.82 10.96 5.68 24.36 33.40 144.04 21.94 255.50 46.55
Days Payable 92.93 61.85 293.26 585.41 211.56 885.19 2,082.03 7,005.38 8,729.23 4,908.85 115.58 154.20
Cash Conversion Cycle 198.08 282.07 177.27 1,035.07 119.43 -854.54 -2,002.07 -6,820.66 -8,251.26 -4,499.20 960.82 52.60
Working Capital Days 14.00 73.19 -65.83 -1,442.08 -12,347.58 -13,478.56 -28,236.37 -91,437.07 -85,545.90 -100,180.70 1,333.28 309.42
ROCE % 11.23% 8.63% -20.77% -38.67% -328.97% 36.52%

Insights

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Equity Ownership in Rajasthan Oil Block
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Number of Permanent Employees
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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 43.15%
1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.79% 46.79% 55.33%
No. of Shareholders 40,43240,41940,41640,40440,39240,38540,38040,37540,37040,36140,36240,353

* 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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