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Nitin Castings share price

Nitin Castings Ltd.

BSE: 508875 SECTOR: Castings/Forgings  8860   12   0

600.00
+12.75 (2.17%)
BSE: Today, 12:50 PM

Price Summary

Today's High

₹ 600

Today's Low

₹ 598

52 Week High

₹ 639

52 Week Low

₹ 210.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
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

308.48 Cr.

Enterprise Value

317.14 Cr.

No. of Shares

0.51 Cr.

P/E

29.36

P/B

4.45

Face Value

₹ 5

Div. Yield

0.13 %

Book Value (TTM)

₹  134.88

CASH

1.2 Cr.

DEBT

9.86 Cr.

Promoter Holding

71.39 %

EPS (TTM)

₹  20.44

Sales Growth

38.2%

ROE

8.5 %

ROCE

13.5%

Profit Growth

-5.2 %

* 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

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year38.2%
3 Year27.68%
5 Year18.32%

Profit Growth

1 Year-5.2%
3 Year52.7%
5 Year42.16%

ROE%

1 Year8.5%
3 Year8.33%
5 Year6.6%

ROCE %

1 Year13.5%
3 Year11.53%
5 Year9.63%

Debt/Equity

0.1646

Price to Cash Flow

341.65

Interest Cover Ratio

47.1664859002169

CFO/PAT (5 Yr. Avg.)

2.17064842390824

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 71.39 0
Sep 2023 71.39 0
Jun 2023 71.39 0
Mar 2023 71.39 0
Dec 2022 71.39 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 55.1380956129325% for the Past 3 years.
  • The company has shown a good revenue growth of 27.6782822320906% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 47.1664859002169.
  • The company has an efficient Cash Conversion Cycle of 50.0040904517296 days.
  • Company has a healthy liquidity position with current ratio of 2.27639832940232.
  • The company has a good cash flow management; CFO/PAT stands at 2.17064842390824.
  • 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 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 34.94 29.9 35.77 40.12 33.71
Total Expenditure 31.77 28.04 32.12 36.43 30.76
Operating Profit 3.17 1.86 3.65 3.69 2.95
Other Income 0.53 0.22 1.39 0.83 1.38
Interest 0.02 0.04 0.03 0.03 0.04
Depreciation 0.41 0.4 0.4 0.4 0.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.28 1.64 4.61 4.09 3.86
Tax 0.88 0.95 0.98 0.9 0.86
Profit After Tax 2.4 0.69 3.63 3.19 3
Adjusted EPS (Rs) 4.67 1.35 7.05 6.2 5.84

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 73.76 64.08 61.97 96.51 133.38
Total Expenditure 66.64 57.59 56.33 89.9 123.79
Operating Profit 7.12 6.49 5.64 6.62 9.59
Other Income 1.82 1.16 1.5 2.16 0.91
Interest 1.32 1.49 1.02 0.25 0.18
Depreciation 4.31 4.5 2.21 2 1.8
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.32 1.66 3.91 6.52 8.51
Tax 0.98 0.35 0.65 1.36 3.62
Net Profit 2.34 1.37 3.35 5.16 4.89
Adjusted EPS (Rs.) 4.55 2.55 6.34 10.04 9.51

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 2.57 2.57 2.57 2.57 2.57
Total Reserves 43.29 44.36 47.72 52.65 57.35
Borrowings 7.6 4.52 0.39 0.31 0.28
Other N/C liabilities 0.51 0.18 0.21 0.16 1.6
Current liabilities 17.67 15.64 16 22.44 30.14
Total Liabilities 71.65 67.27 66.88 78.13 91.93
Assets
Net Block 29.94 25.95 24.37 23.29 21.83
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0.23 0.17 0.35 0.46 0.71
Loans & Advances 2.72 2.15 0.93 0.78 0.78
Other N/C Assets 0 0 0 0 0
Current Assets 38.77 39 41.24 53.6 68.62
Total Assets 71.65 67.27 66.88 78.13 91.93
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 3.32 1.66 3.91 6.52 8.51
Adjustment 4.94 5.92 3.24 1.56 1.77
Changes in Assets & Liabilities 2.6 2.45 8.78 -5.65 -6.95
Tax Paid -0.98 -0.35 -0.65 -1.36 -2.44
Operating Cash Flow 9.88 9.69 15.27 1.06 0.9
Investing Cash Flow -4.24 -5.13 -11.59 -1.54 -7.51
Financing Cash Flow -3.78 -6.83 -4.8 2.13 5.71
Net Cash Flow 1.86 -2.28 -1.12 1.65 -0.9

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
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 10.59 9.02
nirmal bhagirathprasad ke... - 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 10.73 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
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
shantikumar nitin kumar (... 2.57 2.57 2.57 2.57 -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 28.61 28.61 28.61 28.61 28.61
investor education and pr... - 1.49 - - 1.49
punit gopikishan makharia... 11.86 - 11.86 11.86 11.86
sangeetha s 1.05 - 1.05 1.05 1.05
investor education and pr... - - 1.49 1.49 -
tfc engineering pvt. ltd.... - - 3.67 3.67 -

Annual Reports

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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 28.402557942686 which is high and comparatively overvalued .

  • Share Price: - The current share price of Nitin Castings is Rs 580.5. 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 5.75283969796915 % 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 2.27639832940232 .

  • 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 8.49701926016509 % .(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 D/E ratio of 0.1646 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Nitin Castings has an Inventory turnover ratio of 5.87528032830831 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Nitin Castings has reported revenue growth of 38.1977348387438 % which is fair 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 7.19281633044761 %.

  • 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 0.75 and the yield is 0.1292 %.

Last Updated on:
Brief about Nitin Castings
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