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Nitin Castings share price

Nitin Castings Ltd.

BSE: 508875 SECTOR: Castings/Forgings  11k   14   1

704.80
-0.05 (-0.01%)
BSE: Today, 04:00 PM

Price Summary

Today's High

₹ 799

Today's Low

₹ 690

52 Week High

₹ 885

52 Week Low

₹ 468

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

362.36 Cr.

Enterprise Value

366.89 Cr.

No. of Shares

0.51 Cr.

P/E

26.89

P/B

4.63

Face Value

₹ 5

Div. Yield

0.43 %

Book Value (TTM)

₹  152.33

CASH

0.38 Cr.

DEBT

4.92 Cr.

Promoter Holding

71.39 %

EPS (TTM)

₹  26.21

Sales Growth

11.52%

ROE

18.43 %

ROCE

21.42%

Profit Growth

147.94 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year11.52%
3 Year33.89%
5 Year15.06%

Profit Growth

1 Year147.94%
3 Year53.61%
5 Year42.6%

ROE%

1 Year18.43%
3 Year12.24%
5 Year9.25%

ROCE %

1 Year21.42%
3 Year15.64%
5 Year12.32%

Debt/Equity

0.0685

Price to Cash Flow

20.82

Interest Cover Ratio

68.4611

CFO/PAT (5 Yr. Avg.)

1.65734506260305

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 71.39 0.00
Jun 2024 71.39 0.00
Mar 2024 71.39 0.00
Dec 2023 71.39 0.00
Sep 2023 71.39 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 54.9913839007121% for the Past 3 years.
  • The company has shown a good revenue growth of 33.8946311184445% for the Past 3 years.
  • The company has significantly decreased its debt by 4.9443 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 68.4611.
  • Company’s PEG ratio is 0.181790221964305.
  • The company has an efficient Cash Conversion Cycle of 48.0816 days.
  • Company has a healthy liquidity position with current ratio of 2.5053.
  • The company has a good cash flow management; CFO/PAT stands at 1.65734506260305.
  • The company has a high promoter holding of 71.39%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 40.12 33.71 39.15 39.87 38.32
Total Expenditure 36.43 30.76 34.07 35.28 34.32
Operating Profit 3.69 2.95 5.08 4.6 4
Other Income 0.83 1.38 0.74 1.5 1.89
Interest 0.03 0.04 0.09 0.1 0.08
Depreciation 0.4 0.43 0.47 0.48 0.52
Exceptional Items 0 0 -2.37 0 0
Profit Before Tax 4.09 3.86 2.89 5.52 5.29
Tax 0.73 0.86 0.57 1.56 1.09
Profit After Tax 3.36 3 2.31 3.96 4.2
Adjusted EPS (Rs) 6.54 5.84 4.5 7.7 8.17

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 64.08 61.97 96.51 133.38 148.75
Total Expenditure 57.59 56.33 89.9 123.79 134.01
Operating Profit 6.49 5.64 6.62 9.59 14.74
Other Income 1.16 1.5 2.16 0.91 5
Interest 1.49 1.02 0.25 0.18 0.23
Depreciation 4.5 2.21 2 1.8 1.69
Exceptional Items 0 0 0 0 -2.37
Profit Before Tax 1.66 3.91 6.52 8.51 15.45
Tax 0.35 0.65 1.36 3.62 3.32
Net Profit 1.37 3.35 5.16 4.89 12.13
Adjusted EPS (Rs.) 2.55 6.34 10.04 9.51 23.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 2.57 2.57 2.57 2.57 2.57
Total Reserves 44.36 47.72 52.65 57.35 69.13
Borrowings 4.52 0.39 0.31 0.28 2.69
Other N/C liabilities 0.18 0.21 0.16 1.6 1.94
Current liabilities 15.64 16 22.44 30.14 33.01
Total Liabilities 67.27 66.88 78.13 91.93 109.34
Assets
Net Block 25.95 24.37 23.29 21.83 24.98
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0.17 0.35 0.46 0.71 0.88
Loans & Advances 2.15 0.93 0.78 0.78 0.78
Other N/C Assets 0 0 0 0 0
Current Assets 39 41.24 53.6 68.62 82.7
Total Assets 67.27 66.88 78.13 91.93 109.34
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 1.66 3.91 6.52 8.51 15.45
Adjustment 5.92 3.24 1.56 1.77 -1.46
Changes in Assets & Liabilities 2.45 8.78 -5.65 -6.95 6.64
Tax Paid -0.35 -0.65 -1.36 -2.44 -3.22
Operating Cash Flow 9.69 15.27 1.06 0.9 17.4
Investing Cash Flow -5.13 -11.59 -1.54 -7.51 -12.69
Financing Cash Flow -6.83 -4.8 2.13 5.71 -5.53
Net Cash Flow -2.28 -1.12 1.65 -0.9 -0.82

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 71.39 71.39 71.39 71.39 71.39
kedia holdings pvt ltd 1.14 1.14 1.14 1.14 1.14
kirti investments limited... 2.36 2.36 2.36 2.36 2.36
nipun n kedia 0.58 0.58 0.58 0.58 0.58
nirmal bhagirathprasad ke... 10.59 9.02 10.59 9.02 9.02
nirmal bhagirathprasad ke... - 1.57 - 1.57 1.57
nirmal kumar varun kumar ... 2.33 2.33 2.33 2.33 2.33
nitin kumar nipun kumar h... 2.33 2.33 2.33 2.33 2.33
nitin s kedia 10.73 10.73 2.57 10.73 10.73
rajshila realtors llp 2.66 2.66 2.66 2.66 2.66
saroj shanitkumar kedia 1.33 1.33 1.33 1.33 1.33
shalini nirmal kedia 19.17 19.17 19.17 19.17 19.17
shantikumar nitin kumar (... - 2.57 - 2.57 2.57
suman nitin kedia 14.37 14.37 14.37 14.37 14.37
vedanshu kedia 1.20 1.20 1.20 1.20 1.20
nitin shantikumar kedia - - 10.73 - -
shantikumar nitin kumar (... 2.57 - - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 28.61 28.61 28.61 28.61 28.61
investor education and pr... 1.49 - 1.49 1.49 1.49
punit gopikishan makharia... 11.86 11.86 11.86 11.86 11.86
sangeetha s 1.05 1.05 1.05 1.05 1.05
tfc engineering pvt. ltd.... 3.67 - 3.67 3.67 3.67
investor education and pr... - 1.49 - - -

Ratings & Research Reports

Company Presentations

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Nitin Castings Stock Price Analysis and Quick Research Report. Is Nitin Castings an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Nitin Castings stock price today is Rs 704.8. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Nitin Castings . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Nitin Castings has a PE ratio of 26.8933728135779 which is high and comparatively overvalued .

  • Share Price: - The current share price of Nitin Castings is Rs 704.8. One can use valuation calculators of ticker to know if Nitin Castings share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Nitin Castings has ROA of 12.0517 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Nitin Castings has a Current ratio of 2.5053 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Nitin Castings has a ROE of 18.4298 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Nitin Castings has a Debt to Equity ratio of 0.0685 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Nitin Castings has reported revenue growth of 11.5215 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Nitin Castings for the current financial year is 9.90643888947527 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Nitin Castings is Rs 3 and the yield is 0.4257 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Nitin Castings is Rs 26.2072 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Nitin Castings in Ticker for free. Also, one can get the intrinsic value of Nitin Castings by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Nitin Castings
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