Nitin Fire Protection Industries Ltd
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]
- Market Cap ₹ 54.1 Cr.
- Current Price ₹ 1.85
- High / Low ₹ /
- Stock P/E 3.92
- Book Value ₹ 1.39
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Promoter holding has decreased over last quarter: -8.52%
- Earnings include an other income of Rs.21.2 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 536 | 705 | 1,016 | 1,147 | 1,480 | 1,327 | 888 | 18 | 8 | 10 | 7 | 6 | 12 | |
| 469 | 622 | 903 | 1,031 | 1,316 | 1,281 | 952 | 29 | 20 | 36 | 12 | 14 | 20 | |
| Operating Profit | 67 | 83 | 113 | 116 | 163 | 45 | -65 | -11 | -11 | -26 | -5 | -7 | -8 |
| OPM % | 13% | 12% | 11% | 10% | 11% | 3% | -7% | -64% | -132% | -256% | -75% | -117% | -69% |
| 3 | 14 | -3 | 11 | 15 | 2 | 6 | 7 | 14 | 23 | 3 | 8 | 21 | |
| Interest | 17 | 25 | 31 | 41 | 52 | 60 | 73 | 63 | 117 | 1 | 4 | 0 | -0 |
| Depreciation | 3 | 5 | 9 | 14 | 24 | 25 | 38 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | 51 | 66 | 70 | 71 | 101 | -38 | -171 | -68 | -115 | -4 | -6 | 0 | 13 |
| Tax % | 7% | 7% | 4% | 5% | 2% | -1% | 0% | 2% | 0% | -0% | 0% | -409% | |
| 44 | 57 | 67 | 67 | 99 | -64 | -167 | -70 | -117 | -4 | -6 | 2 | 14 | |
| 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 | 0.48 |
| Dividend Payout % | 20% | 8% | 7% | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -41% |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -29% |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 1259% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -26% |
| 5 Years: | 25% |
| 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 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 44 | 44 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 |
| Reserves | 222 | 273 | 327 | 379 | 532 | 448 | 286 | -1,132 | -1,136 | -1,143 | -32 | -18 |
| 293 | 353 | 392 | 502 | 555 | 451 | 830 | 590 | 603 | 601 | 6 | 0 | |
| 127 | 87 | 115 | 189 | 142 | 348 | 229 | 525 | 516 | 519 | 9 | 17 | |
| Total Liabilities | 685 | 758 | 879 | 1,128 | 1,287 | 1,305 | 1,403 | 42 | 41 | 36 | 42 | 58 |
| 126 | 159 | 176 | 192 | 290 | 304 | 310 | 19 | 14 | 10 | 8 | 5 | |
| CWIP | 21 | 23 | 23 | 0 | 2 | 2 | 160 | 0 | 0 | 0 | 0 | 0 |
| Investments | 48 | 36 | 1 | 38 | 40 | 8 | 12 | 4 | 4 | 4 | 3 | 3 |
| 491 | 540 | 678 | 899 | 956 | 991 | 921 | 18 | 23 | 22 | 31 | 49 | |
| Total Assets | 685 | 758 | 879 | 1,128 | 1,287 | 1,305 | 1,403 | 42 | 41 | 36 | 42 | 58 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -95 | 40 | 1 | -15 | 113 | 244 | -159 | 5 | 127 | -5 | -5 | -30 | |
| -27 | -26 | -26 | -28 | -156 | -48 | -200 | 1 | 0 | 4 | 4 | 42 | |
| 127 | 25 | 2 | 69 | -5 | -204 | 366 | -6 | -128 | 5 | -2 | -11 | |
| Net Cash Flow | 5 | 40 | -23 | 25 | -48 | -8 | 7 | -0 | -1 | 4 | -3 | -0 |
| Free Cash Flow | -111 | 6 | -25 | -42 | -46 | 185 | -364 | 5 | 127 | -1 | -1 | -25 |
| CFO/OP | -131% | 54% | 4% | -12% | 70% | 537% | 247% | -61% | -1,133% | 20% | 94% | 457% |
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 | 118 | 136 | 108 | 148 | 121 | 116 | 218 | 107 | 258 | 384 | 437 | |
| Inventory Days | 185 | 92 | 80 | 96 | 90 | 104 | 155 | 234 | 127 | 90 | 939 | |
| Days Payable | 81 | 43 | 22 | 61 | 36 | 131 | 78 | 3,671 | 3,498 | 4,187 | 133 | |
| Cash Conversion Cycle | 221 | 186 | 166 | 182 | 176 | 89 | 295 | -3,329 | -3,113 | -3,714 | 1,242 | |
| Working Capital Days | 8 | 12 | 43 | 43 | 45 | 49 | -63 | -47,300 | -40,329 | -58,593 | 446 | |
| ROCE % | 14% | 16% | 15% | 13% | 15% | 2% | -9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Jan 2026 | |
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| Domestic Marketing Offices Number ・Standalone data |
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| Equity Ownership in Rajasthan Oil Block % ・Standalone data |
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| Number of Permanent Employees Number ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Apr - Company submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.
- Reg. 34 (1) Annual Report. 1 Apr
-
Closure of Trading Window
30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
17 Feb - Appointed CFO Bharat Shah effective 17-Feb-2026; changed registered office; appointed auditors; pursuing recapitalisation and DRT sale-cancellation.
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
17 Feb - Appointed Mr Bharat Shah as CFO effective 17-Feb-2026; changed registered office; appointed auditors; seeking recapitalisation investor.
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]