WEBSITE BSE:508875 NSE: NITINCAST Inc. Year: 1982 Industry: Castings/Forgings My Bucket: Add Stock
Last updated: 11:03
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Nitin Castings Ltd, formerly known as Nitin Alloys Global Ltd, is a manufacturer of alloy heat and corrosion-resistant castings. The Company is engaged in fabrication of heat and corrosion-resistant additives for diverse business programs using forged and wrought components, which include reformer tubes, cracking coils, radiant tubes and retorts. Its products and services include Centrifugal Castings, Static Castings, Fabrication and Materials of Construction. It manufactures centrifugal castings each by means of the horizontal and vertical pro...Read More
Nitin Castings Ltd, formerly known as Nitin Alloys Global Ltd, is a manufacturer of alloy heat and corrosion-resistant castings. The Company is engaged in fabrication of heat and corrosion-resistant additives for diverse business programs using forged and wrought components, which include reformer tubes, cracking coils, radiant tubes and retorts. Its products and services include Centrifugal Castings, Static Castings, Fabrication and Materials of Construction. It manufactures centrifugal castings each by means of the horizontal and vertical procedures. It focuses on the producing of high alloy metallic castings for heat and corrosion resistant programs. The manufacturer of reformer tubes, cracking coils and outlet manifolds includes specialised welding. It manufactures castings in diverse grades of heat and corrosion resistant alloy steels, as well as in various alloys developed for diverse programs, consisting of corrosion-resistant solid steels and unique heat-resisting alloys. ...Read Less
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Market Cap ₹286 Cr.
Stock P/E 23
P/B 3.2
Current Price ₹556
Book Value ₹ 174.9
Face Value 5
52W High ₹745
Dividend Yield 0.54%
52W Low ₹ 432
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 40 | 34 | 39 | 40 | 38 | 34 | 39 | 36 | 36 | 40 |
| Other Income | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 3 | 0 | 2 |
| Total Income | 41 | 35 | 40 | 41 | 40 | 35 | 39 | 38 | 37 | 42 |
| Total Expenditure | 36 | 31 | 34 | 35 | 34 | 31 | 35 | 30 | 34 | 39 |
| Operating Profit | 5 | 4 | 6 | 6 | 6 | 3 | 4 | 8 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Profit Before Tax | 4 | 4 | 3 | 6 | 5 | 3 | 3 | 7 | 2 | 2 |
| Provision for Tax | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 0 |
| Profit After Tax | 3 | 3 | 2 | 4 | 4 | 2 | 2 | 6 | 1 | 2 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 3 | 3 | 2 | 4 | 4 | 2 | 2 | 6 | 1 | 2 |
| Adjusted Earnings Per Share | 6.5 | 5.8 | 4.5 | 7.7 | 8.2 | 3.5 | 4.8 | 11.1 | 2.9 | 3.3 |
| #(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 | 42 | 64 | 61 | 58 | 74 | 64 | 62 | 97 | 133 | 149 | 151 | 151 |
| Other Income | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 5 | 4 | 6 |
| Total Income | 42 | 65 | 62 | 58 | 76 | 65 | 63 | 99 | 134 | 154 | 154 | 156 |
| Total Expenditure | 39 | 60 | 56 | 53 | 67 | 58 | 56 | 90 | 124 | 134 | 135 | 138 |
| Operating Profit | 3 | 5 | 6 | 6 | 9 | 8 | 7 | 9 | 11 | 20 | 19 | 18 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | -1 |
| Profit Before Tax | 2 | 0 | 2 | 1 | 3 | 2 | 4 | 7 | 9 | 15 | 17 | 14 |
| Provision for Tax | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 4 | 3 | 4 | 4 |
| Profit After Tax | 1 | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 5 | 12 | 12 | 11 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 5 | 12 | 12 | 11 |
| Adjusted Earnings Per Share | 4 | 0.1 | 2.3 | 1.6 | 4.5 | 2.5 | 6.3 | 10 | 9.5 | 23.6 | 24.1 | 22.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 1% | 16% | 19% | 14% |
| Operating Profit CAGR | -5% | 28% | 19% | 20% |
| PAT CAGR | 0% | 34% | 64% | 28% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -10% | 13% | 55% | 35% |
| ROE Average | 16% | 14% | 12% | 7% |
| ROCE Average | 21% | 19% | 15% | 10% |
| #(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 | 22 | 42 | 43 | 44 | 46 | 47 | 50 | 55 | 60 | 72 | 83 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 2 | 7 | 8 | 5 | 0 | 0 | 0 | 3 | 2 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 2 | 2 | 2 |
| Total Current Liabilities | 10 | 18 | 19 | 22 | 18 | 16 | 16 | 22 | 30 | 33 | 43 |
| Total Liabilities | 34 | 62 | 66 | 74 | 72 | 67 | 67 | 78 | 92 | 109 | 129 |
| Fixed Assets | 11 | 21 | 18 | 30 | 30 | 26 | 24 | 23 | 22 | 25 | 30 |
| Other Non-Current Assets | 2 | 6 | 12 | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 2 |
| Total Current Assets | 21 | 34 | 37 | 41 | 39 | 39 | 41 | 54 | 69 | 83 | 97 |
| Total Assets | 34 | 62 | 66 | 74 | 72 | 67 | 67 | 78 | 92 | 109 | 129 |
| #(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 | 0 | 1 | 1 | 1 | 2 | 4 | 2 | 0 | 2 | 1 | 0 |
| Cash Flow from Operating Activities | 1 | 1 | 3 | 6 | 10 | 10 | 15 | 1 | 1 | 17 | 18 |
| Cash Flow from Investing Activities | -3 | -1 | -3 | -7 | -4 | -5 | -12 | -2 | -8 | -13 | -19 |
| Cash Flow from Financing Activities | 2 | -1 | 1 | 2 | -4 | -7 | -5 | 2 | 6 | -6 | 1 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 1 | 2 | -2 | -1 | 2 | -1 | -1 | -0 |
| Closing Cash & Cash Equivalent | 1 | 0 | 1 | 2 | 4 | 2 | 0 | 2 | 1 | 0 | 0 |
| # | 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) | 3.96 | 0.1 | 2.29 | 1.64 | 4.55 | 2.55 | 6.34 | 10.04 | 9.51 | 23.59 | 24.14 |
| CEPS(Rs) | 7.49 | 13.88 | 9.63 | 9.15 | 12.93 | 11.3 | 10.64 | 13.93 | 13.02 | 26.88 | 28.17 |
| DPS(Rs) | 0.5 | 0.38 | 0.5 | 0.5 | 0.5 | 0 | 0.5 | 0.5 | 0.75 | 3 | 3 |
| Book NAV/Share(Rs) | 79.16 | 78.81 | 84.48 | 85.79 | 89.2 | 91.27 | 97.81 | 107.41 | 116.54 | 139.46 | 160.62 |
| Core EBITDA Margin(%) | 5.56 | 6.27 | 8.31 | 8.23 | 9.66 | 9.97 | 8.97 | 6.8 | 7.12 | 9.65 | 10.16 |
| EBIT Margin(%) | 4.1 | 1.41 | 3.86 | 3.07 | 6.28 | 4.84 | 7.85 | 6.96 | 6.45 | 10.27 | 11.36 |
| Pre Tax Margin(%) | 3.5 | 0.12 | 2.52 | 1.5 | 4.5 | 2.55 | 6.22 | 6.7 | 6.32 | 10.12 | 11.06 |
| PAT Margin (%) | 2.35 | 0.04 | 1.72 | 1.42 | 3.17 | 2.01 | 5.18 | 5.3 | 3.63 | 7.94 | 8.19 |
| Cash Profit Margin (%) | 4.45 | 5.46 | 7.22 | 7.91 | 9.01 | 8.92 | 8.7 | 7.35 | 4.97 | 9.05 | 9.55 |
| ROA(%) | 3.51 | 0.06 | 1.85 | 1.2 | 3.21 | 1.89 | 4.86 | 7.12 | 5.75 | 12.05 | 10.4 |
| ROE(%) | 4.98 | 0.12 | 3.59 | 1.92 | 5.2 | 2.82 | 6.7 | 9.78 | 8.5 | 18.43 | 16.09 |
| ROCE(%) | 7.44 | 2.56 | 5.05 | 3.28 | 7.97 | 5.58 | 9.1 | 11.99 | 13.5 | 21.42 | 20.67 |
| Receivable days | 53.83 | 50.98 | 64.8 | 69.24 | 57.84 | 59.32 | 55.11 | 41.89 | 33.89 | 32.35 | 35.05 |
| Inventory Days | 53.6 | 57.19 | 79.92 | 111.98 | 90.56 | 97.04 | 92.33 | 60.96 | 62.12 | 65.34 | 71.66 |
| Payable days | 29.24 | 38.55 | 33.43 | 50.7 | 50.62 | 59.6 | 61.22 | 50.71 | 46.01 | 49.6 | 70.71 |
| PER(x) | 7.58 | 282.19 | 22.9 | 32.65 | 16.71 | 27.28 | 9.71 | 12.64 | 25.81 | 26.33 | 27.5 |
| Price/Book(x) | 0.38 | 0.35 | 0.62 | 0.62 | 0.85 | 0.76 | 0.63 | 1.18 | 2.11 | 4.45 | 4.13 |
| Dividend Yield(%) | 1.67 | 1.36 | 0.95 | 0.93 | 0.66 | 0 | 0.81 | 0.39 | 0.31 | 0.48 | 0.45 |
| EV/Net Sales(x) | 0.31 | 0.25 | 0.58 | 0.68 | 0.65 | 0.65 | 0.56 | 0.69 | 1.01 | 2.18 | 2.32 |
| EV/Core EBITDA(x) | 4.44 | 3.25 | 5.52 | 6.89 | 5.35 | 5.44 | 4.87 | 7.58 | 12.85 | 16.41 | 18.06 |
| Net Sales Growth(%) | 15.85 | 52.9 | -4.4 | -6.46 | 28.23 | -13.12 | -3.3 | 55.75 | 38.2 | 11.52 | 1.23 |
| EBIT Growth(%) | 18.33 | -48.05 | 162.75 | -31.16 | 154.3 | -32.01 | 56.5 | 37.41 | 28.35 | 80.25 | 9.89 |
| PAT Growth(%) | 25.39 | -97.53 | 4192.27 | -28.39 | 177.38 | -43.95 | 148.65 | 58.4 | -5.2 | 147.94 | 2.34 |
| EPS Growth(%) | 25.39 | -97.53 | 2244.27 | -28.4 | 177.39 | -43.95 | 148.65 | 58.4 | -5.2 | 147.94 | 2.34 |
| Debt/Equity(x) | 0.23 | 0.42 | 0.23 | 0.31 | 0.28 | 0.16 | 0.07 | 0.07 | 0.16 | 0.07 | 0.09 |
| Current Ratio(x) | 2.08 | 1.88 | 1.9 | 1.88 | 2.19 | 2.49 | 2.58 | 2.39 | 2.28 | 2.51 | 2.27 |
| Quick Ratio(x) | 1.26 | 1.1 | 1.09 | 0.94 | 1.29 | 1.29 | 1.76 | 1.52 | 1.4 | 1.65 | 1.54 |
| Interest Cover(x) | 6.83 | 1.09 | 2.89 | 1.95 | 3.51 | 2.12 | 4.84 | 26.83 | 47.17 | 68.46 | 37.3 |
| Total Debt/Mcap(x) | 0.61 | 1.21 | 0.37 | 0.5 | 0.32 | 0.21 | 0.12 | 0.06 | 0.08 | 0.02 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 | 71.39 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 | 28.61 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
* The pros and cons are machine generated.
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