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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

₹1,725.60 3.20 (0.19%)

As on 02-Jul'26 16:59

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

₹1,725.60 3.20 (0.19%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,567 Cr.
Current Price
₹1,725.6
52-Week Low / High
₹765 / 1,865
TTM EPS
₹121.8
TTM Sales
₹588 Cr.
Book Value per Share
₹545.3
P/E Ratio
14.17
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
3.16
Higher than its 5-year historical median
Price to Sales (P/S)
2.66
Higher than its 5-year historical median
EV/EBITDA
8.65
Higher than its 5-year historical median
Dividend Yield
0.46%
Profitability Efficiency
Return on Equity (ROE)
23.22%
Outperforms industry median
Return on Capital Employed (ROCE)
28.81%
Outperforms industry median
Return on Assets (ROA)
18.44%
Operating Profit Margin
19.7%
Net Profit Margin
15.59%
Gross Profit Margin
21%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.52%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-0.34%
Asset Quality
Promoter Holding
74.48%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹486 Cr.
Equity
₹9.1 Cr.
Face Value
₹10
All Time Low / High
₹7.39 / 1865.00

Nitta Gelatin India stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
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.

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 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 12.36%, compared to the industry median CAGR of 7.53%, 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 22.5% 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 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.1%16.9%7.4%1.9%6.5%13%17.1%30.6%36.6%28.8%-
Value Creation
Index
0.20.2-0.5-0.9-0.5-0.10.21.21.61.1-

Growth Parameters

Sales 359341343261294354429487473527588
Sales YoY Gr.--5%0.7%-23.9%12.7%20.3%21%13.6%-2.8%11.5%-
Adj EPS 17.417.53.1-1.38.319.626.666.587.884.2121.8
YoY Gr.-0.8%-82.2%-142.4%NA136.5%35.7%149.6%32.2%-4.2%-
BVPS (₹) 147.3153.3161.7157157.7179.6203.5264.3347.6432.2545.3
Adj Net
Profit
15.815.92.8-1.27.517.824.260.479.876.4111
Cash Flow from Ops. 28.91126.127.833.115.113.378.379.560.7-
Debt/CF from Ops. 1.97.743.62.44.960.40.30.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.4%12.4%7.2%11.5%
Adj EPS 19.2%58.9%46.7%-4.2%
BVPS12.7%22.3%28.6%24.3%
Share Price 25% 51.2% 28.8% 113.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.6112-0.85.311.613.928.428.721.624.9
Op. Profit
Mgn %
1111.387.89.111.411.81923.319.723.2
Net Profit
Mgn %
4.44.70.8-0.52.655.612.416.914.518.8
Debt to
Equity
0.40.60.70.70.60.50.40.10.10.10
Working Cap
Days
94131170230187163158148156152108
Cash Conv.
Cycle
4979107138112101110102999985

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales359341343261294354429487473527
Operating Expenses + 319304316243268314378397363424
Manufacturing Costs806989757674899493106
Material Costs197182175116138188227232203243
Employee Cost 25273233353642454750
Other Costs 17261918191720262025
Operating Profit 3937271827405190110104
Operating Profit Margin (%) 10.9%10.9%7.9%7.0%9.1%11.3%11.8%18.5%23.3%19.7%
Other Income + 295135651710
Exceptional Items 00000000012
Interest 6478855433
Depreciation 9101414151514131413
Profit Before Tax 263211-47243878110110
Tax 10117-1-1611192727
Profit After Tax 17204-381827598282
PAT Margin (%) 4.7%6.0%1.1%-1.0%2.7%5.1%6.2%12.1%17.4%15.6%
Adjusted EPS (₹)17.522.64.2-2.98.719.729.364.790.990.5
Dividend Payout Ratio (%)14.30%11.10%60.10%-51.70%28.80%15.20%13.70%11.60%6.60%8.80%

Valuation of Nitta Gelatin India - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 150139147143143163185240316392
Share Capital 25999999999
Reserves 125130138133134154176231307383
Debt +52819795726959322745
Long Term Debt1220383429237744
Short Term Debt40615961434652252341
Minority Interest0000000000
Trade Payables23182721222419293025
Others Liabilities 24323436363153262729
Total Liabilities 249271305295273287316326400492

Fixed Assets

Net Fixed Assets +8077110126116108102109106111
Gross Block21187133162169176183199208216
Accumulated Depreciation13110233653688191102105
CWIP 7111034277819
Investments 452744444555
Inventories61637264838392859192
Trade Receivables20526153275576797895
Cash Equivalents flag 2010752211171125
Others Assets 16314038373233324145
Total Assets 249271305295273287316326400492

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 29112628331513787961
PBT 263211-47243878110110
Adjustment 13142222221816138-4
Changes in Working Capital -5-275127-23-417-11-19
Tax Paid -5-8-11-3-2-50-20-28-26
Cash Flow From Investing Activity + -22-3-7-13-7-3-11-15-442
Capex -11-15-15-16-9-7-14-20-12-24
Net Investments -12000-0-010-4119
Others 11283242597
Cash Flow From Financing Activity + 11-6-20-14-29-12-2-53-1511
Net Proceeds from Shares 16000000000
Net Proceeds from Borrowing 4-2-6-4-4-8-3-20-30
Interest Paid -4-4-6-8-7-4-3-3-2-2
Dividend Paid -1-3-3-2-1-2-3-4-7-5
Others -43-51-1726-27-318
Net Cash Flow 182-01-3-0-1102074

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.0715.012.64-1.825.5311.6915.2927.6829.6923.22
ROCE (%)17.0516.897.371.936.4612.9717.0630.5736.6228.81
Asset Turnover Ratio1.61.311.20.871.041.271.431.521.311.19
PAT to CFO Conversion(x)1.710.556.5N/A4.130.830.481.320.960.74
Working Capital Days
Receivable Days2138.9060.308049.6042.3055.7057.7060.3059.70
Inventory Days56.4066.4071.9095.3091.1085.4074.3066.2067.7063.10
Payable Days46.5041.5046.8075.4057.1044.5034.3037.2052.4041.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nitta Gelatin India Ltd FAQs

The current trading price of Nitta Gelatin India on 02-Jul-2026 16:59 is ₹1,725.6.

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 01-Jul-2026 the market cap of Nitta Gelatin India stood at ₹1,566.7 Cr

The latest P/E ratio of Nitta Gelatin India as of 01-Jul-2026 is 14.17.

The latest P/B ratio of Nitta Gelatin India as of 01-Jul-2026 is 3.16.

The 52-week high of Nitta Gelatin India is ₹1,865 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 ₹588 ( 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 Strong which suggest that the price of Nitta Gelatin India Ltd is likely to Rise 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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