National Fittings Ltd - Stock Valuation and Financial Performance

BSE: 531289 | NSE: | Castings/Forgings | Small Cap

National Fittings Share Price

97.60 -7.40 -7.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on National Fittings

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National Fittings stock performance -

mw4me loader
P/E Ratio (SA):
19.21
Market Cap:
89.7 Cr.
52-wk low:
57.5
52-wk high:
194.8

Is National Fittings Ltd an attractive stock to invest in?

1. Is National Fittings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that National Fittings Ltd is a average quality company.

2. Is National Fittings Ltd undervalued or overvalued?

The key valuation ratios of National Fittings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is National Fittings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Fittings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of National Fittings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
National Fittings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.6%28.6%29.3%33.6%16.1%5.1%3.3%2.9%2.4%7.2%-
Value Creation
Index
0.51.01.11.40.2-0.6-0.8-0.8-0.8-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 36.749.552.267.261.95856.951.266.38676
Sales YoY Gr.-34.8%5.4%28.7%-7.8%-6.3%-2.1%-10%29.6%29.7%-
Adj EPS 46.48117.72.81.41.5155.1
YoY Gr.-59.2%25.2%38.2%-29.9%-64.2%-51.1%7.4%-33.8%417.7%-
BVPS (₹) 13.318.323.533.351.955.454.756.556.860.563.3
Adj Net
Profit
3.35.36.69.172.51.21.30.94.55
Cash Flow from Ops. 5.43.89.512.596.11.88.93.85.7-
Debt/CF from Ops. 0.61.30.60.42.44.211.61.94.83.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%6.8%14.8%29.7%
Adj EPS 2.5%-8.4%54.4%417.7%
BVPS18.4%3.1%3.4%6.5%
Share Price 32.6% -2.9% 37.4% 64.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2230.93538.718.75.12.52.61.78.58.3
Op. Profit
Mgn %
17.619.321.623.32312.18.59.36.612.413.8
Net Profit
Mgn %
910.712.713.611.34.32.22.61.35.36.2
Debt to
Equity
0.20.30.30.20.50.50.40.30.40.4-
Working Cap
Days
12212214910510614516317012710675
Cash Conv.
Cycle
4538423341576876575117

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.30%

Sales growth is growing at healthy rate in last 3 years 14.80%

Net Profit is growing at healthy rate in last 3 years 54.41%

Sales growth is not so good in last 4 quarters at -9.22%

Latest Financials - National Fittings Ltd.

Standalone Consolidated
TTM EPS (₹) 5.1 -
TTM Sales (₹ Cr.) 75.7 -
BVPS (₹.) 63.3 -
Reserves (₹ Cr.) 48 -
P/BV 1.56 -
PE 19.21 -
From the Market
52 Week Low / High (₹) 57.51 / 194.75
All Time Low / High (₹) 1.00 / 285.00
Market Cap (₹ Cr.) 89.7
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 33.9

Management X-Ray of National Fittings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of National Fittings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales36.7449.5352.1967.1761.9358.0456.8551.1566.3086.02
Operating Expenses 30.3839.9640.9151.6248.0851.0852.2546.4161.9476.43
Manufacturing Costs5.606.716.648.5920.5019.6921.9517.2922.8627.32
Material Costs20.3528.1628.7636.2015.6118.7417.0718.3625.4332.76
Employee Cost 2.092.572.663.537.539.019.627.619.2210.67
Other Costs 2.342.522.853.314.443.653.613.154.435.69
Operating Profit 6.359.5811.2715.5513.846.954.604.744.369.59
Operating Profit Margin (%) 17.3%19.3%21.6%23.1%22.4%12.0%8.1%9.3%6.6%11.1%
Other Income 0.590.951.802.442.741.871.061.211.321.47
Interest 0.641.070.760.971.681.711.730.981.121.06
Depreciation 0.721.161.211.052.692.652.432.622.893.43
Exceptional Items 0000000000
Profit Before Tax 5.598.3011.1015.9612.224.471.502.351.676.57
Tax 2.232.803.715.824.471.480.170.710.332.18
Profit After Tax 3.365.507.3910.147.752.991.341.641.344.39
PAT Margin (%) 9.1%11.1%14.2%15.1%12.5%5.2%2.3%3.2%2.0%5.1%
Adjusted EPS (₹)3.56.38.912.28.53.31.51.81.54.8
Dividend Payout Ratio (%)29%16%34%33%0%46%0%55%68%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 16.0318.2019.5827.7347.1650.3249.7151.3551.6154.95
Share Capital 13.3211.328.328.329.089.089.089.089.089.08
Reserves 2.716.8811.2619.4138.0841.2340.6242.2642.5245.86
Minority Interest0000000000
Debt3.104.816.145.1121.8325.5221.0216.5918.3220.25
Long Term Debt00009.089.775.734.953.612.67
Short Term Debt3.104.816.145.1112.7515.7515.2911.6414.7117.58
Trade Payables2.041.312.143.654.817.586.376.518.706.85
Others Liabilities 5.067.8411.9436.407.926.236.746.407.18
Total Liabilities 26.2332.1639.8039.4880.2091.3383.3281.1885.0289.23

Fixed Assets

Gross Block13.9214.0615.9721.5553.9361.6763.5865.6469.9172.33
Accumulated Depreciation7.808.9610.1711.1213.2114.7816.9819.5522.2725.01
Net Fixed Assets6.125.105.8010.4340.7246.8946.6046.0947.6447.31
CWIP 00.090.140.561.331.250.990.750.693.35
Investments 0001.031.601.541.481.312.022.26
Inventories5.444.996.627.8411.2413.0415.3112.1615.4715.57
Trade Receivables1.832.392.572.643.014.643.424.154.805.69
Cash Equivalents 5.857.3910.2012.4515.7416.508.6611.0910.3810.65
Others Assets712.1914.474.536.577.486.865.644.044.39
Total Assets 26.2332.1639.8039.4880.2091.3383.3281.1885.0289.23

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5.423.839.5312.538.966.141.818.853.835.68
PBT 5.598.3011.1015.9612.224.471.502.351.676.57
Adjustment 1.101.611.321.233.543.203.812.913.193.94
Changes in Working Capital -0.34-3.530.361.27-1.50.51-3.983.38-1.54-3.79
Tax Paid -0.93-2.55-3.25-5.94-5.30-2.040.470.220.51-1.04
Cash Flow From Investing Activity -0.220.41-1.29-5.24-6.74-7.36-1.34-1.01-4.08-5.37
Capex -0.64-0.24-1.97-6.09-7.62-8.42-1.92-1.72-4.31-5.73
Net Investments 0000-0.19-0.02-0.120.17-0.27-0.15
Others 0.420.640.670.861.071.080.700.540.500.50
Cash Flow From Financing Activity -2.34-2.69-5.43-5.04-0.751.98-8.30-5.42-0.47-0.03
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-2.260.68-4.041.220.66-0.94
Interest Paid -0.64-1.07-0.76-0.97-1.57-1.71-1.73-0.98-1.12-1.06
Dividend Paid -1.50-1.33-3-2-2.190-2.080-1.09-0.91
Others -0.21-0.29-1.67-2.065.273-0.46-5.651.072.87
Net Cash Flow 2.851.552.802.251.470.76-7.832.42-0.710.27
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)33.2541.9142.4842.8820.716.142.673.252.618.24
ROCE (%)33.9944.4548.6757.8427.318.534.414.814.0410.51
Asset Turnover Ratio1.621.731.471.691.030.680.650.620.80.99
PAT to CFO Conversion(x)1.610.71.291.241.162.051.355.42.861.29
Working Capital Days
Receivable Days16151714172426272522
Inventory Days46384039567691987666
Payable Days252222299912114912810987

National Fittings Ltd Stock News

National Fittings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of National Fittings on 28-Mar-2024 16:01 is ₹97.60.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of National Fittings stood at ₹89.65.
The latest P/E ratio of National Fittings as of 28-Mar-2024 16:01 is 19.21.
The latest P/B ratio of National Fittings as of 28-Mar-2024 16:01 is 1.56.
The 52-week high of National Fittings is ₹194.8 and the 52-week low is ₹57.51.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of National Fittings is ₹75.74 ( Cr.) .

About National Fittings Ltd

Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of the company is located at Flat No. 10, `C' wing, 6th Floor, Parsn Manere, 602, Anna Salai, Madras-600 006. The company is already in the line of manufacturing specialty stainless steel fittings at SF No. 112, Mathapur Road, Kaniyur Village, Coimbatore District. Commercial production in phase I, which manufactures these items, started in January 1995.  There was an over-run of two months in implementing the project under phase I due to delayed sanction of power by TNEB. The proposed expansion project (phase II) is for diversifying the product line. The company will manufacture Stainless Steel Ball valves, a value added product related to the existing product. Ball valves are used extensively in process industries, air conditioning, drug formulation industries, breweries and potable water service.   

Business areas of the company:

The company is currently engaged in the manufacture of stainless steel pipe fittings. This project has been appraised by Indian Bank. The cost of the project was Rs 562 lakh. It was financed by promoters' equity of Rs 230 lakh, a term loan of Rs 315 lakh from Indian Bank, and a subsidy of Rs 17 lakh from the State Government. Commercial production in this phase (I) started in January 1995.

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