Nitco Ltd - Stock Valuation and Financial Performance

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

Nitco Share Price

72.01 -1.95 -2.64%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Nitco

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Nitco stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
519.3 Cr.
52-wk low:
16.9
52-wk high:
89.1

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 Somewhat Undervalued zone.

3. Is Nitco Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nitco 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 Nitco:

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.
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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -7.9%-7.2%-4.7%-2.6%2.3%-3.3%-7.7%-12%-12.9%-17.4%-
Value Creation
Index
-1.6NANANA-0.8-1.2-1.6NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 813874823696599588458325409382321
Sales YoY Gr.-7.5%-5.9%-15.5%-13.9%-1.7%-22.1%-29.1%25.7%-6.6%-
Adj EPS -38.6-22.4-11.2-5.92.7-6.5-11.6-17.3-18-21.1-21.8
YoY Gr.-NANANANA-343.8%NANANANA-
BVPS (₹) 17-7.2-18.6-24.520.413.97.7-9.6-27.1-48.1-69.9
Adj Net
Profit
-211-122-61-32.219.1-46.5-83.1-124-129-151-157
Cash Flow from Ops. 45.422.5-13.715.84301722.911.14.62.8-
Debt/CF from Ops. 27.656.8-9581.82513168.3178.2318.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.1%-8.6%-5.9%-6.6%
Adj EPS NA-251.4%NANA
BVPS-212.2%-218.7%-284.2%NA
Share Price 15.1% 18.8% 37.6% 256.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-114.2-452.686.527.2128-33-96.31780.697.95636.9
Op. Profit
Mgn %
-3.2-1.9-0.610.70.4-10.1-11.7-9.5-9.8-11.5
Net Profit
Mgn %
-26-14-7.4-4.63.2-7.9-18.1-38.2-31.6-39.7-48.8
Debt to
Equity
13.4-32.6-12.8-9.65.88.712.8-10.9-4.2-2.5-
Working Cap
Days
352324344410452439505577418424209
Cash Conv.
Cycle
170136139168203201226261173156-379

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 36.90%

Sales growth has been subdued in last 3 years -5.92%

Sales growth is not so good in last 4 quarters at -12.39%

Latest Financials - Nitco Ltd.

Standalone Consolidated
TTM EPS (₹) -21.8 -22.7
TTM Sales (₹ Cr.) 321 323
BVPS (₹.) -69.9 -71.3
Reserves (₹ Cr.) -574 -584
P/BV -1.03 -1.01
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 16.85 / 89.06
All Time Low / High (₹) 10.80 / 336.85
Market Cap (₹ Cr.) 519
Equity (₹ Cr.) 71.9
Face Value (₹) 10
Industry PE 49.7

Management X-Ray of Nitco:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *91.3891.3891.3891.3891.3891.3891.3891.3890.9096.74
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nitco

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales813874823696599588458325409382
Operating Expenses 839891827689595587506365448419
Manufacturing Costs9910292727373246911
Material Costs514572539466378370346250326306
Employee Cost 69727276818379515354
Other Costs 15814512574636157586049
Operating Profit -26-17-5742-47-40-39-37
Operating Profit Margin (%) -3.2%-1.9%-0.6%1.0%0.7%0.3%-10.3%-12.2%-9.5%-9.8%
Other Income 0111228375
Interest 144425391923546473
Depreciation 42625138723131313029
Exceptional Items 0-7-3024803200-16
Profit Before Tax -211-127-63-32172-47-60-121-126-151
Tax 0000-2001400
Profit After Tax -211-127-63-32193-47-61-125-126-151
PAT Margin (%) -26.0%-14.6%-7.6%-4.6%32.2%-8.0%-13.3%-38.5%-30.8%-39.6%
Adjusted EPS (₹)-38.6-23.3-11.5-5.926.8-6.5-8.5-17.4-17.5-21.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 93-39-102-13414710055-69-195-346
Share Capital 55555555727272727272
Reserves 38-94-157-1897528-17-141-267-418
Minority Interest0000000000
Debt915837752571814743552457200200
Long Term Debt868755637457814743552457200200
Short Term Debt4782114114000000
Trade Payables148169177157151189146126142159
Others Liabilities 378484604790139222232379694775
Total Liabilities 1,5351,4511,4311,3841,2511,253985893841788

Fixed Assets

Gross Block904908895902905913917920920923
Accumulated Depreciation232299332369440470500528556586
Net Fixed Assets671608564533464443417392363337
CWIP 5422354332
Investments 3127272727277777
Inventories386364360355300299243228214218
Trade Receivables128122154140181205145999774
Cash Equivalents 1318191661588121211
Others Assets300307304310213216161152147139
Total Assets 1,5351,4511,4311,3841,2511,253985893841788

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4522-141643017231153
PBT -211-127-63-32172-47-92-121-126-151
Adjustment 1861055741815056109101111
Changes in Working Capital 7446-881771547242944
Tax Paid -4-1000-213000
Cash Flow From Investing Activity -50-5-9-5-10-4-140
Capex -5-4-5-9-5-10-4-140
Net Investments 0400000000
Others 0000000000
Cash Flow From Financing Activity -50-1721-10-428-6-25-6-9-3
Net Proceeds from Shares 280008800000
Net Proceeds from Borrowing 000-6-530-6-31-3-10
Interest Paid -144-42-4-3-100-5-6-8-3
Dividend Paid 0000000000
Others 662424023011300
Net Cash Flow -1052-3-31-640-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-123.55N/AN/AN/A3132.84-38.09-78.92N/AN/AN/A
ROCE (%)-4.82N/AN/AN/A16.65-2.78-4.25N/AN/AN/A
Asset Turnover Ratio0.540.610.590.510.460.470.410.350.470.47
PAT to CFO Conversion(x)N/AN/AN/AN/A2.23N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days48505974971201391378782
Inventory Days174151154181197186216265197206
Payable Days83101117131149168177198150180

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 12-Jul-2024 16:01 is ₹72.01.
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 12-Jul-2024 16:01 the market cap of Nitco stood at ₹519.2.
The latest P/E ratio of Nitco as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of Nitco as of 12-Jul-2024 16:01 is -1.03.
The 52-week high of Nitco is ₹89.06 and the 52-week low is ₹16.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitco is ₹320.8 ( 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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