NITCO inches up on entering into JV with HoABL for Rs 4,500 crore Alibaug mixed-use project

Nitco Ltd. | Ceramics/Marble/Granite/Sanitaryware | Construction & Infrastructure | BSE: 532722 | NSE: NITCO

27 Aug 2026 Evaluate

Nitco is currently trading at Rs. 97.00, up by 0.25 points or 0.26% from its previous closing of Rs. 96.75 on the BSE.

The scrip opened at Rs. 99.05 and has touched a high and low of Rs. 99.40 and Rs. 97.00 respectively. So far 44352 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.65 on 08-Sep-2025 and a 52 week low of Rs. 64.20 on 13-Mar-2026.

Last one week high and low of the scrip stood at Rs. 109.30 and Rs. 90.05 respectively. The current market cap of the company is Rs. 2470.19 crore.

The promoters holding in the company stood at 20.17%, while Institutions and Non-Institutions held 2.89% and 76.93% respectively.

Nitco has entered into a joint venture (JV) with the House of Abhinandan Lodha (HoABL) to develop a 40- acre premium mixed-use project in Alibaug, with the development expected to generate around Rs 4,500 crore in revenue over five years. This JV has been formalised through a Memorandum of Understanding (MoU) between NITCO and its wholly owned subsidiary NITCO Realties, and HoABL through its wholly owned subsidiary, HoABL Impactum Land, for the development of land parcels in Thal and Lonare villages in Alibaug.

The development is expected to comprise premium multi development project, with luxury apartments and townhouses, complemented by curated amenities and hospitality offerings. A boutique hotel is also proposed as part of the broader development. NITCO’s share from the proposed development is expected to be around Rs 1,500 crore over a period of five years.

Nitco is engaged in the manufacture of ceramic tiles, vitrified tiles, mosaico, marble, cement terrazzo tiles and cement.

Nitco Share Price

92.29 -1.61 (-1.71%)

01-Sep-2026 14:40 View Price Chart

Peers

Company Name	CMP
Kajaria Ceramics	1228.40
Somany Ceramics	560.25
Cera Sanitaryware	5703.45
Asian Granito India	50.18
Orient Bell	390.05
View more..

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