Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.12 | 33.71 | 39.15 | 39.87 | 38.32 | 33.80 | 38.58 | 35.75 | 36.45 | 40.26 | 34.63 | 27.47 |
| Expenses | 36.43 | 30.76 | 34.07 | 35.27 | 34.31 | 31.22 | 35.18 | 30.24 | 34.08 | 38.54 | 30.87 | 25.81 |
| Operating Profit | 3.69 | 2.95 | 5.08 | 4.60 | 4.01 | 2.58 | 3.40 | 5.51 | 2.37 | 1.72 | 3.76 | 1.66 |
| OPM % | 9.20% | 8.75% | 12.98% | 11.54% | 10.46% | 7.63% | 8.81% | 15.41% | 6.50% | 4.27% | 10.86% | 6.04% |
| Other Income | 0.83 | 1.38 | -1.63 | 1.50 | 1.89 | 0.72 | 0.57 | 2.63 | 0.39 | 0.91 | -0.37 | 2.60 |
| Interest | 0.03 | 0.04 | 0.09 | 0.10 | 0.08 | 0.13 | 0.12 | 0.15 | 0.15 | 0.26 | 0.23 | 0.23 |
| Depreciation | 0.40 | 0.43 | 0.47 | 0.48 | 0.52 | 0.55 | 0.52 | 0.55 | 0.58 | 0.59 | 0.60 | 0.62 |
| Profit before tax | 4.09 | 3.86 | 2.89 | 5.52 | 5.30 | 2.62 | 3.33 | 7.44 | 2.03 | 1.78 | 2.56 | 3.41 |
| Tax % | 22.00% | 22.28% | 19.72% | 28.26% | 20.57% | 31.30% | 26.43% | 23.39% | 27.09% | 5.06% | 31.64% | 21.70% |
| Net Profit | 3.19 | 3.00 | 2.31 | 3.96 | 4.20 | 1.80 | 2.45 | 5.71 | 1.48 | 1.69 | 1.75 | 2.68 |
| EPS in Rs | 6.20 | 5.84 | 4.49 | 7.70 | 8.17 | 3.50 | 4.77 | 11.11 | 2.88 | 3.29 | 3.40 | 5.21 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 61 | 58 | 74 | 64 | 62 | 97 | 133 | 149 | 151 | 147 | 139 |
| Expenses | 60 | 56 | 53 | 66 | 58 | 56 | 90 | 124 | 133 | 135 | 134 | 129 |
| Operating Profit | 5 | 6 | 5 | 7 | 6 | 6 | 7 | 10 | 15 | 15 | 13 | 10 |
| OPM % | 7% | 9% | 8% | 10% | 10% | 9% | 7% | 7% | 10% | 10% | 9% | 7% |
| Other Income | 0 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 4 | 4 | 4 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 2 | 1 | 3 | 2 | 4 | 7 | 9 | 15 | 17 | 14 | 10 |
| Tax % | 75% | 32% | 4% | 29% | 22% | 17% | 21% | 42% | 21% | 26% | 23% | |
| Net Profit | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 5 | 12 | 12 | 11 | 8 |
| EPS in Rs | 0.11 | 2.31 | 1.65 | 4.55 | 2.55 | 6.34 | 10.04 | 9.51 | 23.59 | 24.14 | 20.68 | 14.78 |
| Dividend Payout % | 350% | 22% | 31% | 11% | 0% | 8% | 5% | 8% | 13% | 12% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 19% | 3% | -5% | ||
| Compounded Profit Growth | % | 28% | 31% | -42% | ||
| Stock Price CAGR | 32% | 36% | -2% | -20% | ||
| Return on Equity | 10% | 13% | 15% | 13% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 21 | 41 | 41 | 42 | 43 | 44 | 48 | 53 | 57 | 69 | 80 | 89 |
| Borrowings | 5 | 9 | 10 | 14 | 13 | 7 | 4 | 4 | 10 | 5 | 8 | 14 |
| Other Liabilities | 6 | 10 | 8 | 12 | 13 | 13 | 13 | 19 | 22 | 33 | 39 | 35 |
| Total Liabilities | 34 | 61 | 62 | 70 | 71 | 67 | 67 | 78 | 92 | 109 | 129 | 140 |
| Fixed Assets | 11 | 21 | 18 | 30 | 30 | 26 | 24 | 23 | 22 | 25 | 30 | 33 |
| CWIP | 0 | 2 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 4 | 2 | 0 | 0 | 0 | 5 | 16 | 17 | 25 | 36 | 47 | 51 |
| Other Assets | 19 | 36 | 36 | 40 | 41 | 36 | 27 | 38 | 45 | 48 | 52 | 51 |
| Total Assets | 34 | 61 | 62 | 70 | 71 | 67 | 67 | 78 | 92 | 109 | 129 | 140 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 1 | 3 | 6 | 10 | 10 | 15 | 1 | 1 | 17 | 18 | 9 |
| Cash from Investing Activity | -3 | -1 | -3 | -7 | -4 | -5 | -12 | -2 | -8 | -13 | -19 | -13 |
| Cash from Financing Activity | 2 | -1 | 1 | 2 | -4 | -7 | -5 | 2 | 6 | -6 | 1 | 4 |
| Net Cash Flow | 0 | -0 | 0 | 1 | 2 | -2 | -1 | 2 | -1 | -1 | -0 | 0 |
| Free Cash Flow | -0 | -1 | -3 | -3 | 6 | 9 | 15 | -0 | 1 | 13 | 11 | -1 |
| CFO/OP | 55% | 34% | 58% | 119% | 150% | 155% | 282% | 36% | 34% | 134% | 142% | 91% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 75 | 66 | 73 | 59 | 53 | 57 | 48 | 34 | 36 | 35 | 49 |
| Inventory Days | 84 | 105 | 128 | 187 | 111 | 158 | 107 | 94 | 93 | 90 | 106 | 95 |
| Days Payable | 36 | 33 | 31 | 67 | 49 | 60 | 64 | 64 | 46 | 58 | 80 | 78 |
| Cash Conversion Cycle | 106 | 147 | 162 | 192 | 121 | 151 | 100 | 78 | 81 | 68 | 60 | 67 |
| Working Capital Days | 53 | 71 | 95 | 110 | 86 | 98 | 55 | 46 | 36 | 34 | 19 | 143 |
| ROCE % | 8% | 2% | 5% | 3% | 8% | 6% | 9% | 12% | 14% | 24% | 17% | 16% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% | 71.39% |
| Public | 28.60% | 28.61% | 28.61% | 28.61% | 28.61% | 28.62% | 28.61% | 28.62% | 28.62% | 28.61% | 28.59% | 28.60% |
| No. of Shareholders | 1,559 | 996 | 1,383 | 1,393 | 1,532 | 1,553 | 1,567 | 1,549 | 1,593 | 1,621 | 1,602 | 1,518 |
Fundamentals
Market Cap₹ 235 Cr.
Current Price₹ 458
Stock P/E28.9
Book Value₹ 178
ROCE15.5 %
ROE12.7 %
Dividend Yield0.66 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-42%
Standalone figures.
Valuation
Market capRs 243 Cr
Enterprise valueRs 257 Cr
P/E (TTM)32.00x
Price to book2.65x
Price to sales1.75x
EV / EBITDA19.69x
EV / EBIT24.10x
EV / sales1.85x
Price to cash flow26.01x
Earnings yield3.13%
P/E, 3-year average26.91x
P/B, 3-year average4.29x
P/E, 5-year average23.07x
P/B, 5-year average2.97x
Profitability
Operating margin (excl. other income)9.08%
Operating margin (incl. other income)11.50%
EBITDA margin9.39%
Pre-tax margin7.05%
Net profit margin5.48%
Net margin, latest quarter9.76%
ROE12.20%
ROCE14.92%
ROA7.88%
ROE, 3-year average15.57%
ROCE, 3-year average19.00%
ROA, 3-year average10.11%
ROE, 5-year average13.00%
ROCE, 5-year average16.50%
ROA, 5-year average8.64%
ROIC (approx.)7.79%
Tax rate23.03%
Other income / net worth3.88%
Growth
Sales growth (latest year)-2.31%
Profit growth (latest year)-14.34%
Sales CAGR, 3 years3.32%
Sales CAGR, 5 years18.87%
Profit CAGR, 3 years29.54%
Profit CAGR, 5 years26.67%
Sales growth QoQ-20.68%
Profit growth QoQ53.14%
Sales growth YoY (latest quarter)-23.16%
Profit growth YoY (latest quarter)-53.06%
Per share
EPS (TTM)Rs 14.78
EPS (latest quarter)Rs 5.21
EPS, 3-year averageRs 23.87
EPS, 5-year averageRs 16.82
Book value per shareRs 178.42
Sales per shareRs 269.99
Cash flow per shareRs 18.19
Free cash flow per shareRs -1.95
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 1.81
Dividends
Dividend payout, 3-year average12.55%
Dividend payout, 5-year average9.53%
Efficiency
Asset turnover1.05x
Fixed asset turnover4.50x
Inventory turnover3.84x
Inventory days95 days
Debtor days49 days
Debtors turnover7.40x
Creditor days78 days
Cash conversion cycle67 days
Working capital days143 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 0 Cr
Net debtRs 14 Cr
Debt to equity0.15x
Net debt / EBITDA1.04x
Interest coverage12.24x
Owners' fund to total sources65.30%
Debt to assets9.90%
Cash flow
Cash from Operating Activity (latest year)Rs 9 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years1.02x
Sales to cash flow15.73x
Statement figures
Net sales (TTM)Rs 139 Cr
Net sales (latest year)Rs 147 Cr
Sales (latest quarter)Rs 27 Cr
Operating profit excl. other income (latest year)Rs 13 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 10 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 102 Cr
Total expenditure (latest year)Rs 134 Cr
Total income (latest year)Rs 151 Cr
Share capitalRs 3 Cr
ReservesRs 89 Cr
Shareholders' fundsRs 92 Cr
Total assetsRs 140 Cr
Net blockRs 33 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 51 Cr
ReceivablesRs 20 Cr
InventoryRs 27 Cr
Other liabilitiesRs 35 Cr
Shares outstanding (crore)0.51
Ownership
Promoter holding71.39% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.0 is at the 70th percentile of its own 9.3-year range
(median 25.4, low 12.7, high 80.7).
P/B 2.65 is at the 62th percentile (median 1.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 508875 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.8% | -2.8% | +4.5 pts |
| 1 month | +58.5% | -6.8% | +65.3 pts |
| 3 months | -15.5% | -7.6% | -7.9 pts |
| 3 years | -2.9% | +14.2% | -17.0 pts |
| 5 years | +382.7% | +27.9% | +354.8 pts |
Red flags
F-score 3 of 8| explain | Receivables outrunning sales Receivables grew 38% vs sales -2% in 2026 |
| explain | Debt up, profit down Borrowings up 85% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹27 Cr -23.2% vs Jun 2025.
Net profit ₹3 Cr -53.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| AIA Engineering Ltd | 35,795 | 28.2 | 21.1 % |
| PTC Industries Ltd | 33,786 | 269 | 8.59 % |
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| Balu Forge Industries Ltd | 6,084 | 22.7 | 22.7 % |
| Steelcast Ltd | 3,779 | 41.7 | 32.3 % |
| Amic Forging Ltd | 2,764 | 90.7 | 25.2 % |
| Investment & Precision Castings Ltd | 1,516 | 102 | 14.4 % |
| Nelcast Ltd | 1,033 | 25.2 | 11.4 % |
| Synergy Green Industries Ltd | 1,012 | 9.24 % | |
| Tirupati Forge Ltd | 978 | 160 | 7.53 % |
| Neetu Yoshi Ltd | 963 | 38.5 | 31.8 % |
| Magna Electro Castings Ltd | 587 | 37.8 | 17.4 % |
| Kalyani Forge Ltd | 364 | 29.4 | 12.2 % |
| Munish Forge Ltd | 217 | 20.6 | 12.0 % |
| KVS Castings Ltd | 156 | 22.1 | 15.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Nitin Castings Ltd?
Nitin Castings Ltd (508875) has a market capitalisation of Rs 235 Cr. at the 2026-10-01 close.
What is the P/E ratio of Nitin Castings Ltd?
Nitin Castings Ltd trades at a P/E of 28.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Nitin Castings Ltd's latest quarterly results?
In the Jun 2026 quarter, Nitin Castings Ltd sales was Rs 27 Cr (-23.2% vs Jun 2025) and net profit was Rs 3 Cr.