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Nitin Fire Protection Industries Ltd. Stock Analysis

Small Cap
Evaluated by 875 users | BSE: 532854 | NSE: NITINFIRE |
Engineering - Industrial Equipments
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,...

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
 Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 14.92%10.45%16.86%7.43%9.65%7.44%7.49%4.98%-21.98%-42.9%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 62.894.214716335245548946026955.2
Y-o-Y Gr. Rt.-50.1%55.5%11.6%115.4%29.4%7.4%-5.9%-41.6%-79.5%
Adjusted EPS (Rs.) 0.480.380.780.370.690.480.35-0.01-3.97-6.41
Y-o-Y Gr. Rt.--20.8%105.3%-52.6%86.5%-30.4%-27.1%-102.9%NANA
Book Value per Share (Rs.) 3.473.694.274.675.095.065.55.691.03-5.53
Adjusted Net Profit 14.311.123.110.820.214.210.2-0.4-116-187
Net Op. Cash Flow (Rs. Cr.) 7.6-28.2-31.4-93.833.2-28.922.4-33.6135-110
Debt to Cash Flow from Ops 0.44-1.39-1.52-1.926.64-8.8413.21-10.061.84-5.06
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Nitin Fire Protection Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.4%-31%-51.7%-79.5%
Adjusted EPS -233.4%-256.2%-363.6%NA
Book Value per Share -205.3-201.7-200.2-636.9
Share Price -35.3% -56.9% -57.4% 12.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 14.5310.4519.548.1613.999.476.58-0.23-117.89284.72
Operating Profit Margin (%) 23.9818.2112.1714.629.928.637.88.28-25.53-234.58
Net Profit Margin (%) 22.7211.7915.746.65.733.112.08-0.08-43.14-339.49
Debt to Equity 0.030.360.381.311.471.731.842.038.3-3.44
Working Capital Days 1922492984302612573093716022,825
Cash Conversion Cycle 46901682982021751772343231,231
Entity Percentage Holding
Promoters 59.44%
Institutions 5.47%
Non-Institutions 35.10%
Pledged *34.4131.5123.5422.5721.3921.3921.3921.3921.3921.39
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Nitin Fire Protectn and arrived at the following conclusion:

Past 10 year's financial track record indicates that Nitin Fire Protectn is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Nitin Fire Protectn's performance infers:

Nitin Fire Protectn earnings have declined by -256.2%, whereas share price has depreciated -56.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Nitin Fire Protectn share prices over the last 10 years. Here is what we found out:

Nitin Fire Protectn share price has depreciated -26.1% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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