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 24.6
  • Book Value ₹ 0.91
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Company might be capitalizing the interest cost
  • Promoters have pledged or encumbered 61.2% of their holding.
  • Earnings include an other income of Rs.8.34 Cr.
  • Company has high debtors of 437 days.
  • Working capital days have increased from -32,825 days to 446 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1.61 0.59 3.86 2.68 2.87 0.77 1.01 3.43 1.68 0.31 3.23 6.79 -4.03
11.76 1.95 5.41 4.40 24.07 1.91 1.54 5.10 6.21 2.15 5.71 3.65 1.54
Operating Profit -10.15 -1.36 -1.55 -1.72 -21.20 -1.14 -0.53 -1.67 -4.53 -1.84 -2.48 3.14 -5.57
OPM % -630.43% -230.51% -40.16% -64.18% -738.68% -148.05% -52.48% -48.69% -269.64% -593.55% -76.78% 46.24%
8.20 0.04 -0.06 0.10 22.94 0.09 1.76 0.16 0.82 0.52 0.08 3.82 3.93
Interest 8.34 0.08 0.19 0.12 0.12 0.19 0.25 0.30 0.29 0.11 -0.01 0.20 -0.20
Depreciation 0.23 0.21 0.22 0.22 0.22 0.16 0.15 0.09 0.09 0.07 0.08 0.07 0.07
Profit before tax -10.52 -1.61 -2.02 -1.96 1.40 -1.40 0.83 -1.90 -4.09 -1.50 -2.47 6.69 -1.51
Tax % 0.00% 0.00% 0.00% 0.00% -0.71% 0.00% 0.00% -0.53% 0.24% 0.00% 0.00% 0.00% -116.56%
-10.53 -1.61 -2.01 -1.95 1.40 -1.40 0.83 -1.89 -3.93 -1.50 -2.46 6.70 -0.53
EPS in Rs -0.36 -0.06 -0.07 -0.07 0.05 -0.05 0.03 -0.06 -0.13 -0.05 -0.08 0.23 -0.02
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
536.05 704.71 1,015.93 1,146.56 1,479.70 1,326.77 887.71 17.67 8.49 9.99 6.89 6.29
468.73 622.04 903.35 1,031.04 1,316.21 1,281.37 952.31 28.89 19.71 35.59 12.04 13.03
Operating Profit 67.32 82.67 112.58 115.52 163.49 45.40 -64.60 -11.22 -11.22 -25.60 -5.15 -6.74
OPM % 12.56% 11.73% 11.08% 10.08% 11.05% 3.42% -7.28% -63.50% -132.16% -256.26% -74.75% -107.15%
3.00 13.77 -3.09 11.29 14.55 2.01 5.50 7.35 14.43 23.02 2.82 8.34
Interest 16.70 25.44 30.53 41.37 52.50 60.30 73.47 63.35 117.03 0.73 3.73 0.10
Depreciation 2.81 4.73 9.40 14.45 24.47 24.71 38.05 1.02 0.93 0.87 0.49 0.30
Profit before tax 50.81 66.27 69.56 70.99 101.07 -37.60 -170.62 -68.24 -114.75 -4.18 -6.55 1.20
Tax % 7.42% 7.39% 4.37% 5.47% 2.50% -0.96% 0.30% 2.45% 0.02% -0.24% 0.00% -146.67%
44.01 57.01 66.52 67.11 98.53 -63.60 -167.21 -69.91 -116.59 -4.17 -6.39 2.20
EPS in Rs 1.50 1.94 2.28 2.30 3.37 -2.18 -5.72 -2.39 -3.99 -0.14 -0.22 0.08
Dividend Payout % 20.05% 7.74% 6.59% 8.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -41%
5 Years: %
3 Years: -10%
TTM: -9%
Compounded Profit Growth
10 Years: -29%
5 Years: %
3 Years: 26%
TTM: 134%
Stock Price CAGR
10 Years: -27%
5 Years: 21%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 44.11 44.11 43.84 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45
Reserves 221.61 273.37 327.27 378.98 531.76 447.52 285.78 -1,132.01 -1,136.36 -1,143.16 -31.83
292.76 353.02 392.41 501.98 554.57 450.76 829.84 589.63 602.70 601.46 5.92
126.88 87.39 115.03 189.04 142.34 348.38 228.90 525.43 516.19 519.41 9.37
Total Liabilities 685.36 757.89 878.55 1,128.45 1,287.12 1,305.11 1,402.97 41.50 40.98 36.16 41.91
125.58 159.47 176.25 191.59 289.82 303.94 310.50 19.14 14.14 10.19 7.51
CWIP 21.01 22.75 23.18 0.00 1.62 1.99 159.82 0.00 0.00 0.00 0.00
Investments 47.53 35.98 1.45 38.13 39.66 7.96 11.64 4.23 4.23 4.40 3.46
491.24 539.69 677.67 898.73 956.02 991.22 921.01 18.13 22.61 21.57 30.94
Total Assets 685.36 757.89 878.55 1,128.45 1,287.12 1,305.11 1,402.97 41.50 40.98 36.16 41.91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-94.79 40.22 1.04 -15.41 113.13 243.87 -158.98 5.02 126.98 -5.08 -0.30 -44.26
-27.07 -25.50 -25.72 -28.37 -155.85 -48.07 -200.22 1.21 0.01 4.18 -0.78 43.01
126.69 25.05 2.12 68.83 -4.90 -203.72 366.50 -6.47 -127.63 4.51 -2.27 1.05
Net Cash Flow 4.83 39.77 -22.56 25.04 -47.62 -7.92 7.30 -0.24 -0.64 3.60 -3.36 -0.19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 117.93 136.46 107.84 147.73 121.05 116.10 218.01 107.48 257.95 383.54 436.96
Inventory Days 184.80 91.92 79.93 95.57 90.42 104.47 154.64 234.44 127.09 89.79 938.73
Days Payable 81.42 42.70 22.05 60.89 35.52 131.13 77.78 3,670.89 3,497.70 4,187.00 133.45
Cash Conversion Cycle 221.31 185.68 165.71 182.41 175.95 89.45 294.87 -3,328.98 -3,112.66 -3,713.67 1,242.24
Working Capital Days 8.23 11.72 42.69 43.04 45.15 49.30 -63.11 -47,300.39 -40,329.03 -58,593.36 446.24
ROCE % 14.26% 15.65% 14.65% 13.16% 14.63% 2.37% -9.12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68%
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% 46.81% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.79%
No. of Shareholders 40,44140,43240,43240,41940,41640,40440,39240,38540,38040,37540,37040,361

* 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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