Nitco Ltd - Stock Valuation and Financial Performance

BSE: 532722 | NSE: NITCO | Ceramics/Marble/Granite/Sanitaryware | Small Cap

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Nitco Share Price

 ₹128.20 1.45 1.14%
as on 23-May'25 16:59

DeciZen - make an informed investing decision on Nitco

Overall Rating ⓘ
Bole Toh

1. Quality

Somewhat Good
Check detailed 10 Yrs performace

2. Valuation ⓘ

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

Nitco stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2,899.1 Cr.
52-wk low:
63.2
52-wk high:
148.5

Is Nitco Ltd an attractive stock to invest in?

1. Is Nitco Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nitco Ltd is a average quality company.

2. Is Nitco Ltd undervalued or overvalued?

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

3. Is Nitco Ltd a good buy now?

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

10 Year X-Ray of Nitco:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
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.
Nitco Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ-6.6%-4.7%-2.5%16.7%-2.8%-4.3%-9.3%-9.5%-13.6%-12.3%-
Value Creation
Index ⓘ		NANANA0.2-1.2-1.3NANANANA-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ874823696599588458325409382323311
Sales YoY Gr.--5.9%-15.5%-13.9%-1.7%-22.1%-29.1%25.7%-6.6%-15.4%-
Adj EPS ⓘ-22.4-11.2-5.92.7-6.5-11.6-17.3-18-19.5-21.8-32.2
YoY Gr.-NANANA-343.8%NANANANANA-
BVPS (₹) ⓘ-7.2-18.6-24.520.413.97.7-9.6-27.1-48.1-69.911.4
Adj Net
Profit ⓘ		-122-61-32.219.1-46.5-83.1-124-129-140-157-736
Cash Flow from Ops. ⓘ22.5-13.715.84301722.911.14.62.8-1-
Debt/CF from Ops. ⓘ56.8-9581.82513168.3178.2318.6-975.3-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-10.5%-11.3%-0.2%-15.4%
Adj EPS ⓘNANANANA
BVPSⓘNA-238.2%NANA
Share Price 23.1% 54.2% 65.9% 66.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		-452.686.527.2128-33-96.31780.697.951.937110.1
Op. Profit
Mgn % ⓘ		-1.9-0.610.70.4-10.1-11.7-9.5-9.8-11.5-10.9
Net Profit
Mgn % ⓘ		-14-7.4-4.63.2-7.9-18.1-38.2-31.6-36.8-48.5-237
Debt to
Equity ⓘ		-32.6-12.8-9.65.88.712.8-10.9-4.2-2.5-1.90.8
Working Cap
Days ⓘ		324344410452439505577418424454278
Cash Conv.
Cycle ⓘ		136139168203201226261173156141-175

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 110.10%

Sales growth has been subdued in last 3 years -0.21%

Sales growth is not so good in last 4 quarters at -1.42%

Latest Financials - Nitco Ltd.

Standalone Consolidated
TTM EPS (₹) -32.2 -32.4
TTM Sales (₹ Cr.) 311 313
BVPS (₹.) ⓘ 11.4 10.8
Reserves (₹ Cr.) ⓘ 33 18
P/BV ⓘ 11.09 11.76
PE ⓘ 0.00 0.00
From the Market
52 Week Low / High (₹) 63.16 / 148.50
All Time Low / High (₹) 10.80 / 336.85
Market Cap (₹ Cr.) 2,899
Equity (₹ Cr.) 228.7
Face Value (₹) 10
Industry PE ⓘ 46.7

Management X-Ray of Nitco:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *91.3891.3891.3891.3890.9096.7494.8096.8896.8887.75
* Pledged shares as % of Promoter's holding (%)

Valuation of Nitco

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Analyst's Notes

No data found!

Key Ratios of Nitco

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales874823696599588458325409382323
Operating Expenses ⓘ 891827689595587506365448419360
Manufacturing Costs1029272737324691114
Material Costs572539466378370346250326306255
Employee Cost 72727681837951535456
Other Costs ⓘ 1451257463615758604935
Operating Profit ⓘ -17-5742-47-40-39-37-37
Operating Profit Margin (%) -1.9%-0.6%1.0%0.7%0.3%-10.3%-12.2%-9.5%-9.8%-11.5%
Other Income ⓘ 1112283755
Interest ⓘ 42539192354647395
Depreciation ⓘ 62513872313131302929
Exceptional Items ⓘ -7-3024803200-160
Profit Before Tax ⓘ -127-63-32172-47-60-121-126-151-156
Tax ⓘ 000-20014000
Profit After Tax -127-63-32193-47-61-125-126-151-157
PAT Margin (%) -14.6%-7.6%-4.6%32.2%-8.0%-13.3%-38.5%-30.8%-39.6%-48.5%
Adjusted EPS (₹)-23.3-11.5-5.926.8-6.5-8.5-17.4-17.5-21.1-21.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -39-102-13414710055-69-195-346-502
Share Capital ⓘ 55555572727272727272
Reserves ⓘ -94-157-1897528-17-141-267-418-574
Minority Interest0000000000
Debt837752571814743552457200200200
Long Term Debt755637457814743552457200200200
Short Term Debt821141140000000
Trade Payables169177157151189146126142159157
Others Liabilities ⓘ 484604790139222232379694775843
Total Liabilities ⓘ 1,4511,4311,3841,2511,253985893841788698

Fixed Assets

Gross Block908895902905913917920920921923
Accumulated Depreciation299332369440470500528556584613
Net Fixed Assetsⓘ 608564533464443417392363337309
CWIP ⓘ 4223543322
Investmentsⓘ 272727272777777
Inventories364360355300299243228214218206
Trade Receivables12215414018120514599977437
Cash Equivalents 181916615881212116
Others Assetsⓘ 307304310213216161152147139130
Total Assets ⓘ 1,4511,4311,3841,2511,253985893841788698

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 22-141643017231153-1
PBT ⓘ -127-63-32172-47-92-121-126-151-156
Adjustment ⓘ 1055741815056109101111118
Changes in Working Capital ⓘ 46-88177154724294437
Tax Paid ⓘ -1000-2130000
Cash Flow From Investing Activity ⓘ 0-5-9-5-10-4-140-1
Capex -4-5-9-5-10-4-140-1
Net Investments 4000000000
Others ⓘ 0000000000
Cash Flow From Financing Activityⓘ -1721-10-428-6-25-6-9-3-3
Net Proceeds from Shares ⓘ 00088000000
Net Proceeds from Borrowing ⓘ 00-6-530-6-31-3-100
Interest Paid ⓘ -42-4-3-100-5-6-8-3-3
Dividend Paid ⓘ 0000000000
Others ⓘ 24240230113000
Net Cash Flow ⓘ 52-3-31-640-1-4

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/A3132.84-38.09-78.92N/AN/AN/AN/A
ROCE (%)N/AN/AN/A16.65-2.78-4.25N/AN/AN/AN/A
Asset Turnover Ratio0.610.590.510.460.470.410.350.470.470.43
PAT to CFO Conversion(x)N/AN/AN/A2.23N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days50597497120139137878263
Inventory Days151154181197186216265197206239
Payable Days101117131149168177198150180226

Nitco Ltd Stock News

Nitco Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nitco on 23-May-2025 16:59 is ₹128.2.
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 23-May-2025 16:59 the market cap of Nitco stood at ₹2,899.1.
The latest P/E ratio of Nitco as of 23-May-2025 16:59 is 0.00.
The latest P/B ratio of Nitco as of 23-May-2025 16:59 is 11.09.
The 52-week high of Nitco is ₹148.5 and the 52-week low is ₹63.16.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitco is ₹310.7 ( Cr.) .

About Nitco Ltd

Nitco is engaged in the manufacture of flooring tiles in India. Previously known as Nitco Tiles, the company is one of the largest manufacturers of flooring tiles in India.

Headquartered in Mumbai, the Nitco Group owns 4 factories and various offices in major cities. The company has a distribution network of 18 depots, 750 direct dealers and over 5000 retail outlets spread across the country.

Nitco exports 20% of its production to various countries. It has global presence across 24 countries, including the United States, Canada, Europe, Africa, Oman, UAE and the Indian Ocean countries, and this network is fast growing. The company has installed 6 wind turbine generators. The company has created brands like INTARSIA, MOSAICO

Products

The company is engaged in the manufacture of ceramic tiles, vitrified tiles, mosaico, marble, cement terrazzo tiles and cement.

It manufactures OPC 43 Grade cement and has presence in Mumbai, Pune, Tamil Nadu, Karnataka and Kerala. Under cement, it has created brands like Lucky Cement, DG Khan Cement and Maple Leaf Cement.

Milestones

1966-Nitco was incorporated.

1984-The company started processing and distribution of imported marble. 

1997-The company commenced manufacturing of ceramic tiles at Alibag.

2001- Import of vitrified tiles.

2002-Company’s processing unit in Silvassa was awarded with ‘Quality Excellence Award’.

2004- Nitco commenced upgradation of its ceramic tiles plant. 

2006- The company expanded manufacturing capacity of ceramic tiles that is located at Alibag.         

Company got listed on Bombay Stock Exchange and National Stock Exchange.         

Nitco forayed into real estate development business through Nitco Realties

2007-Nitco opened 10 exclusive showrooms-'Lee Studio' across India.        

The company received Best SAP Project Implementation Award from SAP India.        

Company plans for expansion of manufacturing capacity for vitrified tiles at Gujrat and ceramic tiles at Alibag        

Recognition

Nitco has received the status of 'Export House' by the Government of India in the year 2002.

Nitco has also received Capexil award for exports excellence, for the 13th consecutive year.

2009 - Construction World Award Winner.
Nitco becomes a one stop shop solution, providing all premium flooring solutions, by including wall tiles to its product portfolio.
2010 - Setup of world class marble processing facility from Breton (Italy) at Silvassa
2012 - Approval of CDR Package and Issuance of LOA.
2013 - NITCO bags 20th rank in dream company to work for category by The World HRD Congress Award.

 

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