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Nitta Gelatin India Ltd (NITTAGELA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506532 NSE: NITTAGELA Chemicals | Small Cap | Nitta Gelatin India Share Price

₹1,686.75 -14.60 (-0.86%)

As on 28-Sep'26 10:18

Nitta Gelatin India Ltd (NITTAGELA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506532 NSE: NITTAGELA Chemicals | Small Cap | Nitta Gelatin India Share Price

₹1,686.75 -14.60 (-0.86%)

As on 28-Sep'26 10:18

Key Metrics
Valuation Multiples
Market Cap
₹1,545 Cr.
Current Price
₹1,686.8
52-Week Low / High
₹765 / 2,088
TTM EPS
₹113.7
TTM Sales
₹590 Cr.
Book Value per Share
₹591
P/E Ratio
14.96
Higher than its 5-year historical median
Industry PE
48
Price to Book (P/B)
2.88
Higher than its 5-year historical median
Price to Sales (P/S)
2.62
Higher than its 5-year historical median
EV/EBITDA
8.71
Higher than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
21.06%
Outperforms industry median
Return on Capital Employed (ROCE)
27.83%
Outperforms industry median
Return on Assets (ROA)
17.85%
Operating Profit Margin
23.4%
Net Profit Margin
16.7%
Gross Profit Margin
25.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.54%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
29.83%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
15.9%
Asset Quality
Promoter Holding
74.48%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹527 Cr.
Equity
₹9.1 Cr.
Face Value
₹10
All Time Low / High
₹7.39 / 2088.00

Nitta Gelatin India stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Overvalued

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Price Trend

Semi Strong
Check Price chart
Q.1 Is Nitta Gelatin India Ltd a good quality company?
Nitta Gelatin India Ltd is a good quality company, based on a consistently good 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.

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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.

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How does Nitta Gelatin India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nitta Gelatin India Ltd vs industry peers?
Nitta Gelatin India Ltd revenue CAGR is 8.22%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nitta Gelatin India Ltd?
Promoters hold 74.48% of the Nitta Gelatin India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nitta Gelatin India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23% based on the current price.
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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 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.
Nitta Gelatin India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ16.9%7.4%1.9%6.5%13%17.1%30.6%36.6%28.8%31.4%-
Value Creation
Index ⓘ		0.2-0.5-0.9-0.5-0.10.21.21.61.11.2-

Growth Parameters ⓘ
Sales ⓘ341343261294354429487473527588590
Sales YoY Gr.-0.7%-23.9%12.7%20.3%21%13.6%-2.8%11.5%11.5%-
Adj EPS ⓘ17.53.1-1.38.319.626.666.588.284.6119.9128.2
YoY Gr.--82.2%-142.4%NA136.5%35.7%149.6%32.8%-4.1%41.7%-
BVPS (₹) ⓘ153.3161.7157157.7179.6203.5264.3347.6432.1545.2573
Adj Net
Profit ⓘ		15.92.8-1.27.517.824.260.480.176.8109116
Cash Flow from Ops. ⓘ1126.127.833.115.113.378.379.560.7125-
Debt/CF from Ops. ⓘ7.743.62.44.960.40.30.80.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.3%10.7%6.5%11.5%
Adj EPS ⓘ23.8%43.6%21.7%41.7%
BVPSⓘ15.1%24.9%27.3%26.2%
Share Price 22.9% 48.3% 28.1% 91%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		112-0.85.311.613.928.428.821.724.522.9
Op. Profit
Mgn % ⓘ		11.387.89.111.411.81923.419.823.524.3
Net Profit
Mgn % ⓘ		4.70.8-0.52.655.612.416.914.618.519.7
Debt to
Equity ⓘ		0.60.70.70.60.50.40.10.10.10-
Working Cap
Days ⓘ		131170230187163158148156152143108
Cash Conv.
Cycle ⓘ		791071381121011101021011018885

Valuation of Nitta Gelatin India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales356342303342396506565533527588
Operating Expenses ⓘ + 320313273306351442452409421451
Manufacturing Costs708282838096102101106109
Material Costs187174133162211276270226241260
Employee Cost 33373740414751575055
Other Costs ⓘ 30212021192329252528
Operating Profit ⓘ 362930364564114123106137
Operating Profit Margin (%) 10.0%8.5%10.0%10.5%11.4%12.7%20.1%23.1%20.0%23.3%
Other Income ⓘ + 9512151111013
Exceptional Items ⓘ 00000030120
Interest ⓘ 7798654321
Depreciation ⓘ 14151516161414151315
Profit Before Tax ⓘ 2412713254999116113133
Tax ⓘ 1272171425322835
Profit After Tax 125512183574848598
PAT Margin (%) 3.4%1.3%1.6%3.6%4.5%6.9%13.1%15.8%16.1%16.7%
Adjusted EPS (₹)15.64.93.812.419.236.377.491.092.5107.1
Dividend Payout Ratio (%)16%51%39.20%20.20%15.70%11%9.70%6.60%8.70%6.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 134149151153173201268343422511
Share Capital ⓘ 9.089.089.089.089.089.089.089.089.089.08
Reserves ⓘ 124139141144164192259334413502
Debt +103971027674653814314
Long Term Debt403834292377440
Short Term Debt6459684851593110264
Minority Interest3133347774
Trade Payables24252222252129272638
Others Liabilities ⓘ 36343637325426312928
Total Liabilities ⓘ 301306313292306345367423515586

Fixed Assets

Net Fixed Assets ⓘ +110113130121113107114114117148
Gross Block124138168175183191208219226266
Accumulated Depreciation14253855708394105109118
CWIP ⓘ 13104427781915
Investments ⓘ 1111111178
Inventories747370919310393969286
Trade Receivables52616334638988859598
Cash Equivalents 15762333176139179
Others Assets ⓘ 35404038333534424653
Total Assets ⓘ 301306313292306345367423515586
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 1127224019171019475122
PBT ⓘ 2412713254999116112132
Adjustment ⓘ 2122232522191615-57
Changes in Working Capital ⓘ -265-26-23-4712-6-616
Tax Paid ⓘ -8-12-6-4-5-4-26-32-25-33
Cash Flow From Investing Activity ⓘ + -3-7-14-10-7-14-18-54-9-182
Capex -19-15-17-10-8-15-19-16-24-51
Net Investments -000-0-01-0-418-138
Others ⓘ 15830001376
Cash Flow From Financing Activity ⓘ + -5-20-7-33-12-2-55-3611-37
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -1-6-4-4-8-3-20-300
Interest Paid ⓘ -6-6-8-7-5-3-3-2-1-1
Dividend Paid ⓘ -3-3-2-2-3-3-5-8-5-10
Others ⓘ 5-58-2038-28-2217-27
Net Cash Flow ⓘ 3-01-3-0128477-97
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.873.263.298.1310.9918.6431.5527.5322.1521.06
ROCE (%)13.87.526.328.812.6120.1934.7735.9328.2227.83
Asset Turnover Ratio1.281.130.981.141.331.561.591.351.131.07
PAT to CFO Conversion(x)0.925.44.43.331.060.491.361.120.881.24
Working Capital Days
Receivable Days37.4060.6075.1051.9044.5054.5056.9059.1062.2059.50
Inventory Days69.407885.8085.7084.6070.406364.8065.1054.90
Payable Days4652.1064.1048.7040.1030.1033.6045.1040.6045.30

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Nitta Gelatin India Ltd FAQs

The current trading price of Nitta Gelatin India on 28-Sep-2026 10:18 is ₹1,686.8.

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 27-Sep-2026 the market cap of Nitta Gelatin India stood at ₹1,544.7 Cr

The latest P/E ratio of Nitta Gelatin India as of 27-Sep-2026 is 13.27.

The latest P/B ratio of Nitta Gelatin India as of 27-Sep-2026 is 2.97.

The 52-week high of Nitta Gelatin India is ₹2,088 and the 52-week low is ₹765.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitta Gelatin India is ₹590 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nitta Gelatin India Ltd is a good quality company.

The key valuation ratios of Nitta Gelatin India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Nitta Gelatin India Ltd

Nitta Gelatin India (NGIL) incorporated in 1975, is one of the most successful Indo-Japanese industrial ventures. It started commercial production in 1979. The company was jointly promoted by the Kerala State Industrial Development Corporation Limited with Nitta Gelatine Inc. Japan and Mitsubhishi Corporation Japan.

NGIL is the market leader in the production of premium Di Calcium Phosphate(DCP). With almost thirty years of expertise, NGIL produces and supplies premium quality DCP to major poultry farms and animal feed manufactures in India.

NGIL combines the best technology, marketing expertise, and most importantly, dedicated human resource. All of which go a long way to ensure their customer's absolute quality.

It is this simple realisation that urged them on across the last three decades to focus solely on quality. Perhaps it is this preoccupation with quality that won them rich dividends - awards for quality and performance, discerning clients across the world and a steady growth rate.

NGIL exercises stringent quality control not only in the selection of raw material but also at every stage of production, until the product is finally delivered into customer hands. The company is uniquely placed to draw on the vast resources of its collaborators to ensure that the products are consistently of high quality.

Product range of the company includes:

  • Gelatin
  • Collagen Peptide
  • Ossein
  • Di Calciun Phosphate (DCP)

Milestones:

  • 1975 Incorporation of the company
  • 1979 Started commercial production of Ossein
  • 1985 Granted Export House Status
  • 1996 Limed Ossein plant commissioned
  • 1997 Formed Bamni Proteins Ltd
  • 1998 Gelatin plant commissioned
  • 1999 ISO 9002 Certification
  • 2004 Gelatin plant capacity expansion
  • 2004 ISO 9001-2000
  • 2005 Facilities inspected by USFDA & European Directorate for the quality of medicines
  • 2007 Gelatin Plant Capacity Expansion
  • 2008 company name changed to nitta gelatin india limited

Achievements/ recognition:

  • ISO 9001-2000 
  • ISO 9002
  • WHO-GMP 
  • HACCP 
  • European Directorate for the Quality of Medicines(EDQM) - Certificate of Suitability(COS)
  • Product Conforms to IP/BP/USP
  • United States Food and Drug Administration(USFDA)
  • HALAL Certification
  • IFANCA International,America
  • Indonesian council of ULMA (MUI)
  • Jamiat Ulma-E-Maharashtra
  • 2 Star Export House Certificate
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