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Nitco Overview

Nitco Limited is a public company that manufactures and supplies tiles, marble, mosaic and metal craft products It was founded in 1953 by Pran Nath Talwar, who is the chairman emeritus of the company. They have an in-house design studio and two state-of-the-art manufacturing facilities in Alibaug and Silvassa. It offers a wide range of tiles and marble collections, inspired by nature, art and technology. The company is certified with ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 for maintaining highest quality, environmental and safety st...Read More

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Nitco Key Financials

Market Cap ₹1597 Cr.

Stock P/E -2.2

P/B 5.5

Current Price ₹69.7

Book Value ₹ 12.7

Face Value 10

52W High ₹164

Dividend Yield 0%

52W Low ₹ 65.2

Nitco Share Price

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Volume
Price

Nitco Quarterly Price

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Nitco Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 81 80 72 70 66 85 94 150 108 132
Other Income 2 1 1 1 1 1 10 3 3 3
Total Income 82 81 73 71 67 85 104 154 111 134
Total Expenditure 83 95 93 81 79 90 100 101 121 138
Operating Profit -0 -14 -21 -10 -11 -4 4 53 -10 -3
Interest 24 24 25 27 27 13 3 3 2 2
Depreciation 7 7 7 7 7 170 4 3 -14 2
Exceptional Income / Expenses 0 0 0 0 11 -473 0 0 0 -4
Profit Before Tax -32 -45 -53 -44 -35 -660 -3 47 1 -12
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax -32 -45 -53 -44 -35 -660 -3 47 1 -12
Adjustments 0 2 -2 0 0 -0 0 0 0 0
Profit After Adjustments -32 -44 -55 -44 -35 -660 -3 48 1 -12
Adjusted Earnings Per Share -4.4 -6.1 -7.6 -6.1 -4.8 -91.9 -0.1 2.1 0 -0.5

Nitco Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 885 832 716 610 595 460 327 411 384 325 314 484
Other Income 2 2 2 5 2 9 3 7 5 5 13 19
Total Income 887 833 718 615 597 469 330 418 388 330 328 503
Total Expenditure 883 813 692 606 596 557 376 450 421 368 349 460
Operating Profit 4 20 26 9 0 -88 -46 -32 -33 -38 -21 44
Interest 50 12 8 14 22 23 54 64 73 96 70 10
Depreciation 70 63 50 81 39 31 31 30 29 29 188 -5
Exceptional Income / Expenses 0 -3 0 248 0 70 0 0 -16 0 -462 -4
Profit Before Tax -116 -57 -32 162 -61 -71 -130 -126 -151 -163 -741 33
Provision for Tax 2 1 1 -23 -1 1 10 0 0 0 0 0
Profit After Tax -118 -58 -34 185 -60 -72 -140 -126 -151 -163 -741 33
Adjustments -1 -2 0 4 6 25 3 0 0 0 0 0
Profit After Adjustments -119 -60 -33 189 -54 -47 -137 -126 -151 -163 -741 34
Adjusted Earnings Per Share -21.8 -11 -6.1 26.3 -7.5 -6.6 -19 -17.6 -21 -22.7 -32.4 1.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% -9% -7% -10%
Operating Profit CAGR 0% 0% 0% NAN%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -33% 48% 25% 6%
ROE Average 0% 0% 0% 129%
ROCE Average -135% -54% -36% -17%

Nitco Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -38 -98 -129 165 112 64 -73 -198 -349 -512 247
Minority's Interest 17 19 21 17 11 -14 -17 -17 -17 -17 -0
Borrowings 792 661 470 820 749 558 457 200 200 200 273
Other Non-Current Liabilities 31 31 26 3 2 2 3 2 3 2 5
Total Current Liabilities 747 917 1097 342 434 419 553 837 935 1010 396
Total Liabilities 1550 1531 1485 1348 1308 1028 923 871 818 730 921
Fixed Assets 712 666 624 548 518 458 396 368 341 314 137
Other Non-Current Assets 63 59 58 56 76 58 54 54 54 54 62
Total Current Assets 775 806 804 743 713 513 473 419 391 332 723
Total Assets 1550 1531 1485 1348 1308 1028 923 871 818 730 921

Nitco Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 29 25 25 21 18 16 11 13 12 11 7
Cash Flow from Operating Activities 11 9 31 370 25 35 12 5 3 -9 -148
Cash Flow from Investing Activities -0 -11 -10 -6 -11 -4 -2 4 -0 -0 4
Cash Flow from Financing Activities -15 4 -25 -367 -16 -36 -8 -9 -3 5 228
Net Cash Inflow / Outflow -4 1 -4 -3 -2 -5 2 -0 -1 -4 84
Closing Cash & Cash Equivalent 25 25 21 18 16 11 13 12 11 7 91

Nitco Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -21.82 -11 -6.1 26.29 -7.47 -6.6 -19.05 -17.55 -21.05 -22.68 -32.4
CEPS(Rs) -8.86 0.77 2.95 36.92 -2.9 -5.8 -15.2 -13.38 -16.98 -18.62 -24.2
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -6.87 -17.92 -23.64 20.56 13.11 8.87 -10.1 -27.6 -48.6 -71.27 8.42
Core EBITDA Margin(%) 0.24 2.14 3.19 0.58 -0.29 -20.98 -14.89 -9.57 -9.73 -13.18 -11.05
EBIT Margin(%) -7.15 -5.21 -3.23 28.52 -6.55 -10.37 -23.33 -15.05 -20.3 -20.65 -213.43
Pre Tax Margin(%) -12.64 -6.6 -4.35 26.23 -10.32 -15.41 -39.73 -30.72 -39.42 -50.03 -235.76
PAT Margin (%) -12.89 -6.74 -4.5 29.94 -10.1 -15.68 -42.8 -30.72 -39.42 -50.11 -235.76
Cash Profit Margin (%) -5.28 0.49 2.16 43 -3.5 -9.05 -33.4 -23.41 -31.79 -41.14 -176.03
ROA(%) -7.38 -3.79 -2.22 13.04 -4.52 -6.18 -14.34 -14.06 -17.91 -21.05 -89.77
ROE(%) -449.18 0 0 2007.78 -49.65 -91.41 0 0 0 0 0
ROCE(%) -4.88 -3.53 -1.96 15.65 -3.82 -5.33 -10.32 -9.54 -13.63 -13.58 -135.35
Receivable days 50.62 59.37 75.21 104.35 126.59 140.57 136.52 87.26 81.15 62.42 59.04
Inventory Days 204.31 210.46 244.76 254.14 215.88 247.77 305.37 229.72 240.7 279.57 357.77
Payable days 121.37 143.14 159.27 197.21 196.18 195.9 211.78 150.04 179.34 225.04 192.22
PER(x) 0 0 0 3.52 0 0 0 0 0 0 0
Price/Book(x) -2.48 -2.18 -2.47 4.5 2.96 1.42 -1.89 -0.83 -0.4 -0.78 13.98
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.59 1.85 2.28 2.42 1.86 1.76 2.69 2.35 2.63 4.2 9.18
EV/Core EBITDA(x) 336.92 76.97 63.77 170.84 4014.76 -9.26 -19.31 -30.3 -30.73 -35.92 -134.99
Net Sales Growth(%) 6.48 -6.04 -13.93 -14.83 -2.47 -22.56 -28.99 25.59 -6.56 -15.24 -3.33
EBIT Growth(%) -10.71 31.33 46.6 831.46 -122.14 -22.59 -59.77 18.98 -26.01 13.76 -898.96
PAT Growth(%) 43.94 50.66 42.48 650.66 -132.51 -20.22 -93.82 9.86 -19.91 -7.75 -354.81
EPS Growth(%) 43.46 49.57 44.56 530.97 -128.41 11.58 -188.49 7.84 -19.91 -7.75 -42.88
Debt/Equity(x) -35.58 -13.78 -10.32 5.95 9.39 11.49 -10.41 -4.09 -2.52 -1.9 1.48
Current Ratio(x) 1.04 0.88 0.73 2.17 1.64 1.22 0.86 0.5 0.42 0.33 1.83
Quick Ratio(x) 0.37 0.33 0.28 1.12 0.85 0.55 0.37 0.2 0.15 0.09 0.88
Interest Cover(x) -1.3 -3.73 -2.9 12.45 -1.74 -2.06 -1.42 -0.96 -1.06 -0.7 -9.56
Total Debt/Mcap(x) 14.37 6.31 4.18 1.32 3.17 8.09 5.52 4.91 6.34 2.42 0.11

Nitco Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 53.02 50.18 47.93 47.81 46.79 46.79 16.23 16.23 16.21 16.2
FII 0.02 0.02 0.14 0.21 0.85 1.97 0.41 2.05 2.3 2.18
DII 16.07 15.89 15.2 14.04 8.35 5.99 1.88 2.35 2.24 1.68
Public 30.89 33.9 36.73 37.93 44.01 45.26 81.48 79.36 79.25 79.94
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nitco News

Nitco Pros & Cons

Pros

  • Debtor days have improved from 225.04 to 192.22days.

Cons

  • Promoter holding is low: 16.2%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Stock is trading at 5.5 times its book value.
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