Is Nitco Ltd (NITCO) a good quality company?

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

Is Nitco Ltd (NITCO) 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 overvalued zone .

What is Nitco Ltd (NITCO) share price return in the past 10 years?

Nitco Ltd share price has appreciated 7.7% annually (CAGR) over the past ten years.

Is Nitco Ltd (NITCO) 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

What is the share price of Nitco Ltd (NITCO)?

Company share prices are keep on changing according to the market conditions. The current trading price of Nitco Ltd (NITCO) on 15-Apr-2026 16:59:59 at 16:59 is 90.06.

What is the market cap of Nitco Ltd (NITCO)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Apr-2026 at 16:59, the market cap of Nitco stood at Rs. 2166.09 Cr.

What is the P/E ratio of Nitco?

The latest standalone P/E ratio of Nitco as of 15-Apr-2026 is 56.06.

What is the P/B ratio of Nitco Ltd (NITCO)?

The latest standalone P/B ratio of Nitco Ltd (NITCO) as of 15-Apr-2026 is 5.23.

What is the 52-week high and low of Nitco Ltd (NITCO)?

The 52-week high of Nitco Ltd (NITCO) is Rs. 164.00 and the 52-week low is Rs. 64.20.

What is the TTM revenue of Nitco Ltd (NITCO)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitco is Rs. 477.60 (Cr.).

Nitco Ltd (NITCO) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Nitco Ltd (NITCO)
Brand: Nitco

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-4.7%	-2.5%	16.7%	-2.8%	-4.3%	-9.3%	-9.5%	-13.6%	-12.3%	-143.5%	-
Value Creation Index ⓘ	NA	NA	0.2	-1.2	-1.3	NA	NA	NA	NA	-11.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	823	696	599	588	458	325	409	382	323	312	478
Sales YoY Gr.	-	-15.5%	-13.9%	-1.7%	-22.1%	-29.1%	25.7%	-6.6%	-15.4%	-3.5%	-
Adj EPS ⓘ	-11.2	-5.9	2.7	-6.5	-11.6	-17.3	-18	-19.5	-21.8	-18.1	1.6
YoY Gr.	-	NA	NA	-343.8%	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-18.6	-24.5	20.4	13.9	7.7	-9.6	-27.1	-48.1	-69.9	9.1	17.2
Adj Net Profit ⓘ	-61	-32.2	19.1	-46.5	-83.1	-124	-129	-140	-157	-414	39
Cash Flow from Ops. ⓘ	-13.7	15.8	430	17	22.9	11.1	4.6	2.8	-1	-139	-
Debt/CF from Ops. ⓘ	-95	81.8	2	51	31	68.3	178.2	318.6	-975.3	-1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-10.2%	-7.4%	-8.6%	-3.5%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	3.3%	NA	NA
Share Price	7.7%	36.4%	66.6%	-18.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	86.5	27.2	128	-33	-96.3	1780.6	97.9	51.9	37	343.8	12.3
Op. Profit Mgn % ⓘ	-0.6	1	0.7	0.4	-10.1	-11.7	-9.5	-9.8	-11.5	-11	5.1
Net Profit Mgn % ⓘ	-7.4	-4.6	3.2	-7.9	-18.1	-38.2	-31.6	-36.8	-48.5	-132.7	8.1
Debt to Equity ⓘ	-12.8	-9.6	5.8	8.7	12.8	-10.9	-4.2	-2.5	-1.9	1	-
Working Cap Days ⓘ	344	410	452	439	505	577	418	424	454	568	307
Cash Conv. Cycle ⓘ	139	168	203	201	226	261	173	156	141	282	160

Recent Performance Summary

Sales growth is good in last 4 quarters at 66.01%

Return on Equity has declined versus last 3 years average to 12.20%

Sales growth has been subdued in last 3 years -8.63%

Net Profit has been subdued in last 3 years 0.00%

	Standalone	Consolidated
TTM EPS (₹)	1.6	1.4
TTM Sales (₹ Cr.)	478	480
BVPS (₹) ⓘ	17.2	16.4
Reserves (₹ Cr.) ⓘ	113	155
P/BV ⓘ	5.23	5.48
PE ⓘ	56.06	64.13

From the Market
52 Week Low / High (₹)	64.20 / 164.00
All Time Low / High (₹)	10.80 / 336.85
Market Cap (₹ Cr.)	2,166
Equity (₹ Cr.)	240.5
Face Value (₹)	10
Industry PE ⓘ	53.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	823	696	599	588	458	325	409	382	323	312
Operating Expenses ⓘ +	827	689	595	587	506	365	448	419	360	346
Manufacturing Costs	92	72	73	73	24	6	9	11	14	14
Material Costs	539	466	378	370	346	250	326	306	255	234
Employee Cost	72	76	81	83	79	51	53	54	56	54
Other Costs ⓘ	125	74	63	61	57	58	60	49	35	44
Operating Profit ⓘ	-5	7	4	2	-47	-40	-39	-37	-37	-34
Operating Profit Margin (%)	-0.6%	1.0%	0.7%	0.3%	-10.3%	-12.2%	-9.5%	-9.8%	-11.5%	-11.0%
Other Income ⓘ +	1	1	2	2	8	3	7	5	5	13
Exceptional Items ⓘ	-3	0	248	0	32	0	0	-16	0	-462
Interest ⓘ	5	3	9	19	23	54	64	73	95	66
Depreciation ⓘ	51	38	72	31	31	31	30	29	29	187
Profit Before Tax ⓘ	-63	-32	172	-47	-60	-121	-126	-151	-156	-736
Tax ⓘ	0	0	-20	0	1	4	0	0	0	0
Profit After Tax	-63	-32	193	-47	-61	-125	-126	-151	-157	-736
PAT Margin (%)	-7.6%	-4.6%	32.2%	-8.0%	-13.4%	-38.5%	-30.8%	-39.6%	-48.5%	-236.0%
Adjusted EPS (₹)	-11.5	-5.9	26.8	-6.5	-8.5	-17.4	-17.5	-21.1	-21.8	-32.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-102	-134	147	100	55	-69	-195	-346	-502	208
Share Capital ⓘ	55	55	72	72	72	72	72	72	72	229
Reserves ⓘ	-157	-189	75	28	-17	-141	-267	-418	-574	-21
Debt +	752	571	814	743	552	457	200	200	200	200
Long Term Debt	637	457	814	743	552	457	200	200	200	200
Short Term Debt	114	114	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	177	157	151	189	146	126	142	159	157	93
Others Liabilities ⓘ	604	790	139	222	232	379	694	775	843	283
Total Liabilities ⓘ	1,431	1,384	1,251	1,253	985	893	841	788	698	783
Fixed Assets
Net Fixed Assets ⓘ +	564	533	464	443	417	392	363	337	309	246
Gross Block	895	902	905	913	917	920	920	921	922	848
Accumulated Depreciation	332	369	440	470	500	528	556	584	612	602
CWIP ⓘ	2	2	3	5	4	3	3	2	2	2
Investments ⓘ	27	27	27	27	7	7	7	7	7	9
Inventories	360	355	300	299	243	228	214	218	206	327
Trade Receivables	154	140	181	205	145	99	97	74	37	64
Cash Equivalents	19	16	61	58	8	12	12	11	6	90
Others Assets ⓘ	304	310	213	216	161	152	147	139	130	43
Total Assets ⓘ	1,431	1,384	1,251	1,253	985	893	841	788	698	783

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-14	16	430	17	23	11	5	3	-1	-139
PBT ⓘ	-63	-32	172	-47	-92	-121	-126	-151	-156	-736
Adjustment ⓘ	57	41	81	50	56	109	101	111	118	708
Changes in Working Capital ⓘ	-8	8	177	15	47	24	29	44	37	-109
Tax Paid ⓘ	0	0	0	-2	13	0	0	-0	0	-1
Cash Flow From Investing Activity ⓘ +	-5	-9	-5	-10	-4	-1	4	-0	-1	3
Capex	-5	-9	-5	-10	-4	-1	4	-0	-1	6
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	-3
Cash Flow From Financing Activity ⓘ +	21	-10	-428	-6	-25	-6	-9	-3	-3	220
Net Proceeds from Shares ⓘ	0	0	88	0	0	0	0	0	0	408
Net Proceeds from Borrowing ⓘ	0	-6	-530	-6	-31	-3	-1	0	0	-25
Interest Paid ⓘ	-4	-3	-10	0	-5	-6	-8	-3	-3	-67
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	24	0	23	-0	11	3	-0	0	0	-96
Net Cash Flow ⓘ	2	-3	-3	1	-6	4	-0	-1	-4	84

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	3132.84	-38.09	-78.92	N/A	N/A	N/A	N/A	0
ROCE (%)	N/A	N/A	16.65	-2.78	-4.25	N/A	N/A	N/A	N/A	-143.5
Asset Turnover Ratio	0.59	0.51	0.46	0.47	0.41	0.35	0.47	0.47	0.43	0.42
PAT to CFO Conversion(x)	N/A	N/A	2.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	59	74	97	120	139	137	87	82	63	59
Inventory Days	154	181	197	186	216	265	197	206	239	312
Payable Days	117	131	149	168	177	198	150	180	226	195

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-Companyâ€™s processing unit in Silvassa was awarded with â€˜Quality Excellence Awardâ€™.

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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Nitco Ltd (NITCO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Nitco Share Price

Nitco Ltd (NITCO)

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Overall Rating ⓘ

1. Quality

2. Valuation ⓘ

3. Price Trend

Nitco stock performance

Is Nitco Ltd an attractive stock to invest in?

1. Is Nitco Ltd a good quality company?

2. Is Nitco Ltd undervalued or overvalued?

3. Is Nitco Ltd a good buy now?

10 Year X-Ray :

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of Nitco - Standalone Basis

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Event Update

Analyst's Notes

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Finance Ratio

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Nitco Ltd FAQs

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What is the P/E ratio of Nitco?

What is the P/B ratio of Nitco?

What is the 52-week high and low of Nitco?

What is the TTM revenue of Nitco?

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