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Nitin Castings Ltd (508875)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508875 NSE: Castings/Forgings | Small Cap | Nitin Castings Share Price
₹470 4.20 (0.90%)
As on 23-Sep'26 11:41
Nitin Castings Ltd (508875)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508875 NSE: Castings/Forgings | Small Cap | Nitin Castings Share Price
₹470 4.20 (0.90%)
As on 23-Sep'26 11:41
Key Metrics
Valuation Multiples
Market Cap
₹239 Cr.
Current Price
₹470
52-Week Low / High
₹260 / 650
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
42
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.22%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
71.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹2.6 Cr.
Face Value
₹5
All Time Low / High
₹1.25 / 885.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Nitin Castings Ltd a good quality company?
Nitin Castings Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Nitin Castings Ltd performance compare with that of its Peers?
Revenue growth of Nitin Castings Ltd vs industry peers?
Nitin Castings Ltd revenue CAGR is %, compared to the industry median CAGR of 14.92%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Nitin Castings Ltd?
Promoters hold 71.39% of the Nitin Castings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Nitin Castings Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 32.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Nitin Castings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.6% | 5.1% | 3.3% | 8% | 5.6% | 9.1% | 12% | 13.5% | 21.4% | 20.7% | - |
| Value Creation Index ⓘ | -0.8 | -0.6 | -0.8 | -0.4 | -0.6 | -0.4 | -0.1 | 0.0 | 0.5 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 64.3 | 61.5 | 57.5 | 73.8 | 64.1 | 62 | 96.5 | 133 | 149 | 151 | 139 |
| Sales YoY Gr. | - | -4.4% | -6.5% | 28.2% | -13.1% | -3.3% | 55.7% | 38.2% | 11.5% | 1.2% | - |
| Adj EPS ⓘ | -0.1 | 2 | 1.6 | 4.6 | 2.6 | 6.2 | 9.7 | 9.6 | 26.4 | 20.9 | 14.8 |
| YoY Gr. | - | NA | -20% | 188.8% | -44.8% | 142% | 57.9% | -1.1% | 174.1% | -20.9% | - |
| BVPS (₹) ⓘ | 78.8 | 84.5 | 85.8 | 89.2 | 91.3 | 97.8 | 107.4 | 116.5 | 139.5 | 160.6 | 183.6 |
| Adj Net Profit ⓘ | -0 | 1 | 0.8 | 2.4 | 1.3 | 3.2 | 5 | 5 | 13.6 | 10.7 | 8 |
| Cash Flow from Ops. ⓘ | 1.1 | 2.7 | 5.8 | 9.9 | 9.7 | 15.3 | 1.1 | 0.9 | 17.4 | 17.8 | - |
| Debt/CF from Ops. ⓘ | 8.7 | 3.6 | 2.4 | 1.3 | 0.8 | 0.2 | 3.6 | 10.9 | 0.3 | 0.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.9% | 18.6% | 16% | 1.2% | ||||
| Adj EPS ⓘ | NA | 52.3% | 28.9% | -20.9% | ||||
| BVPSⓘ | 8.2% | 12% | 14.4% | 15.2% | ||||
| Share Price | 32.4% | 38% | 0.4% | -16.7% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.1 | 2.4 | 1.9 | 5.3 | 2.8 | 6.5 | 9.5 | 8.6 | 20.6 | 13.9 | 8.6 |
| Op. Profit Mgn % ⓘ | 7 | 9.3 | 8.5 | 9.8 | 10.1 | 9.1 | 7.1 | 7.3 | 9.9 | 10.5 | 6.9 |
| Net Profit Mgn % ⓘ | -0.1 | 1.7 | 1.4 | 3.2 | 2 | 5.1 | 5.2 | 3.7 | 9.1 | 7.1 | 5.5 |
| Debt to Equity ⓘ | 0.4 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 134 | 196 | 248 | 197 | 203 | 178 | 115 | 108 | 110 | 119 | 134 |
| Cash Conv. Cycle ⓘ | 84 | 118 | 142 | 109 | 111 | 98 | 59 | 56 | 54 | 48 | 74 |
Valuation of Nitin Castings - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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Nitin Castings Ltd FAQs
The current trading price of Nitin Castings on 23-Sep-2026 11:41 is ₹470.0.
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 22-Sep-2026 the market cap of Nitin Castings stood at ₹239.5 Cr
The latest P/E ratio of Nitin Castings as of 22-Sep-2026 is 31.52.
The latest P/B ratio of Nitin Castings as of 22-Sep-2026 is 2.54.
The 52-week high of Nitin Castings is ₹650.0 and the 52-week low is ₹260.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitin Castings is ₹139 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nitin Castings Ltd is a below average quality company.
The key valuation ratios of Nitin Castings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nitin Castings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Nitin Castings Ltd
Kedia Group entered the arena of the foundry industry in the year 1964, with the formation of Nitin Castings a group company, with centralized facilities located at Thane, an eastern suburb barely 32 kms away from the industrial metro of India, Mumbai.
Nitin Alloys Global made rapid strides to achieve full recognition in manufacturing high quality alloy steel castings, comparable very favorably with those which were being imported from various developed countries and gained acknowledgement and acceptance for import substitution in several core sector industries of national importance. 1974 was to be another landmark year in the brief history of Nitin.
The company entered into technical collaboration with Schmidt + Clemens of Germany, and imported advanced technology for the manufacturer of reformer tubes and other horizontal centrifugal castings. The technology absorption & update went on till 1989, when the technical collaboration ended making Nitin a fully independent company to expand its horizons.
To meet the increased demand of static castings and to make those castings at competitive prices, a sister concern in the name of Nitin Alloy Steels was started in Februrary, 1998, near Silvassa, Union Territory of Dadra-Nagar Haveli about 150kms away from Mumbai. The Foundry manufactures all grades of steel, stainless steel and heat resistant steel castings and is certified as per ISO 9001:2000 by BVQI, London.
During the year 2006-07, Nitin further expanded its manufacturing activities. The Silvassa facility of Nitin Alloys Global Ltd. was expanded to accommodate to handle Manganese Steel, Low Alloy Steel etc. besides the existing grades of Heat Resistance, Corrosion Resistance, and Wear Resistance Alloys. The manufacturing capacity, after this expansion, is to be 4,000 Tones Per Annum.
Products manufactured by the company include:
- Decanter Centrifugs
- Bowl Extensions
- Front Hubs
- Rear Hubs
- Filtration Wheels
- Hub Conveyors
- Solid Head Walls
- Liquid Head Walls
Vavles :
- Balls For Ball Valves
- Seat Rings
- Cages
- Valve Bodies, Bonnets, Yokes For Gate Valve, Globe Valve
- Valve Bodies & Discs For Butterfly Valves
Pump Industry
- Casings
- Impellers
- Sleeves
- Bushes etc.
Cement Plants
- Grate Plates
- Nose Ring Segments
- Immersion Tubes
- Tip Castings
Steel Plants
- Radiant Tubes
- Hearth Rolls
- Sink Rolls
- Retort Tubes
- Grate Bars
- Normalizing Furnace Rolls
- Air injection Tubes
- Briquette Deflector Rolls
Others
- Parts of Earth Moving Equipments in low alloy steels
- Rings for Metallic Ring Joint Gaskets
- Lift Cylinders for Tyre Machinery
- Liners for Compressors
- Suction Rolls for Paper Industry
Services offered by the company includes:
- Fabricatio
- Centrifugal casting
- Static casting
Clientele:
- Zuari Agro Chemicals Ltd.
- Southern Petro Chemical Industries Corporation Ltd.
- Hindusthan Organic Chemicals Ltd.
- Andhra Petrochemicals Ltd.
- Indian Oil Corporation Ltd.
- Steel Authority of India Ltd.
- Tata Steel
- Jindal Iron & Steel
- Bharat Earth Movers Ltd.
- Vulcan Engrs.Ltd.
- Orient Cement
- Vasavadatta Cement
- L & T Cement and many more
Achievements/ recognition:
- ISO 9001:2000 certification from BVQI, London.
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