Nitin Fire Protection Industries Ltd Stock Analysis

BSE: 532854 | NSE: NITINFIRE | Engineering - Industrial Equipments | Small Cap

BSE Share Price Jan 21, 18:01
2.89 0.07 (2.48%)

DeciZen - Make an Informed Decision on Nitin Fire Protectn

M-Cap below 100cr DeciZen not available

FAQ's

1. Is Nitin Fire Protection Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nitin Fire Protection Industries Ltd is a below average quality company.

2. Is Nitin Fire Protection Industries Ltd undervalued or overvalued?

The key valuation ratios of Nitin Fire Protection Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Nitin Fire Protection Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nitin Fire Protection Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nitin Fire Protectn:

Analysis of Financial Track Record

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.
Nitin Fire Protection Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide
Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
ROCE % 14.9%10.5%16.9%7.4%9.7%7.4%7.5%5%-22%-42.9%-
Value Creation Index 0.1-0.30.2-0.5-0.3-0.5-0.5-0.6-2.6NA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 62.894.214716335245548946026955.241
YoY Gr. Rt. %-50.1%55.5%11.6%115.4%29.4%7.4%-5.9%-41.6%-79.5%-
Adj EPS 0.50.40.80.40.70.50.4-0-4-6.4-7.5
YoY Gr. Rt. %--20.8%105.3%-52.6%86.5%-30.4%-27.1%-102.9%NANA-
BVPS (₹) 3.53.74.34.75.15.15.55.71-5.50
Adj Net Profit 14.311.123.110.820.214.210.2-0.4-116-187-218
Cash Flow from Ops. 7.6-28.2-31.4-93.833.2-28.922.4-33.6135-110-
Debt/CF from Ops. 0.4-1.4-1.5-1.96.6-8.813.2-10.11.8-5.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -1.4%-31%-51.7%-79.5%
Adj EPS -233.4%-256.2%-363.6%NA
BVPS -205.3-201.7-200.2-636.9
Share Price -19.3% -37.2% 23.3% 318.8%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
Return on Equity % 14.510.519.58.2149.56.6-0.2-117.9284.7270.2
Op. Profit Mgn % 2418.212.214.69.98.67.88.3-25.5-234.6-402.6
Net Profit Mgn % 22.711.815.76.65.73.12.1-0.1-43.1-339.5-526.4
Debt to Equity 00.40.41.31.51.71.828.3-3.4-
Working Cap Days 1922492984302612573093716022,8250
Cash Conv. Cycle 46901682982021751772343231,2310

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 270.20%

Sales growth has been subdued in last 3 years -51.67%

Sales growth is not so good in last 4 quarters at -37.95%

Latest Financials - Nitin Fire Protection Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -7.5 -5.7
TTM Sales (₹ Cr.) 41.5 888
BVPS (₹.) 0 0
Reserves (₹ Cr.) -383 286
P/BV 0.00 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.55 / 3.06
All Time Low / High (₹) 0.31 / 66.75
Market Cap (₹ Cr.) 84.5
Equity (₹ Cr.) 58.5
Face Value (₹) 2
Industry PE 30.8

Management X-Ray of Nitin Fire Protectn :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *34.4131.5123.5422.5721.3921.3921.3921.3921.3921.39
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Nitin Fire Protection Industries Ltd

Nitin Fire Protection Industries (NFPIL) is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India. It has been operational for the past two decades. Since the company’s inception, its chairman who has experience in this field has streamed the company’s growth and its profit.

Product of the company

  • Fire Extinguishers
  • Gaseous Fire Suppression Systems
  • Fire Fighting Equipment
  • Fire Detection & Alarm Systems
  • Security Systems
  • High Pressure Seamless Cylinders
  • CNG Cascades
  • Cryogenic Tanks

Certification and Awards

  • ISO 9001 : 2000
  • Loss Prevention Certification

Subsidiaries

  • Alert-Fire Protection Systems
  • Eurotech Corporation
  • Eurotech Cylinders
  • Logicon building Systems
  • Nitin Cylinders
  • Nitin Ventures FZE

Milestones

  • 1980 - Nitin Industries was founded by Nitin Shah, who started the business with manufacturing of fire extinguishers and fire fighting equipment. The company continued its journey by gaining expertise in the field of fire fighting equipments, fire detection & protection.
  • 1995 - After the flourishing presence in the industry for more than a decade, Nitin Industries name was changed to Nitin Fire Protection Industries (NFPIL). The new company took over as a rising industry with all the assets and liabilities of Nitin Industries.
  • 1996 - NFPIL was the first company in India to have its own refilling station for Halon 1301, Halon 1211, FM200, duly approved by Chief Controller of Explosives (CCOE), Nagpur, India.
  • 2004 - NFPIL is associated with Beijing Tianhai Industry Company Ltd. (BTIC), China for contract manufacturing of high-pressure seamless cylinders for industrial gases viz. oxygen, nitrogen, argon, hydrogen, etc, compressed natural gas (CNG), fire fighting applications and beverage use. BTIC has the manufacturing capacity of 1.5 million high-pressure seamless cylinders per annum. The fruitful association has strengthened in the years and NFPIL is one of the leaders in the field of high-pressure seamless cylinders.
  • 2006 - NFPIL diversified into the compressed natural gas (CNG) sector by laying the foundation of one of its group company named Nitin Cylinders, a manufacturer of high-pressure seamless cylinders, having manufacturing facility at Vishakapatnam SEZ, Andhra Pradesh was incorporated in September 2006.
  • 2007 - NFPIL has joined with major petroleum companies, which are engaged in exploration and prospecting of crude oil block in Rajasthan under the New Exploration and Licensing Policy (NELP - VI) of the Union government.
  • 2008 - NFPIL’s 100% subsidiary -- Nitin Ventures FZE (UAE) -- acquired 40% stake in a Dubai-based fire protection company ‘New Age Company LLC’ a professional fire protection engineering company providing equipment, fire protection system, fire detection system, emergency lighting system, water mist fire protection system, etc. with over three decades of experience and wide range of installed base. New Age Company LLC was established in 1976 at UAE and having office and representation in Abu Dhabi, Dubai, Sharjah, with experience in Installation in all seven emirates.
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