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 | 20.90 | 16.57 | 21.64 | 15.14 | 18.68 | 20.82 | 23.49 | 20.58 | 23.64 | 23.64 | 23.54 | 27.13 |
| Expenses | 17.42 | 14.09 | 18.40 | 14.23 | 17.29 | 18.70 | 20.04 | 17.01 | 21.20 | 20.80 | 20.33 | 21.78 |
| Operating Profit | 3.48 | 2.48 | 3.24 | 0.91 | 1.39 | 2.12 | 3.45 | 3.57 | 2.44 | 2.84 | 3.21 | 5.35 |
| OPM % | 16.65% | 14.97% | 14.97% | 6.01% | 7.44% | 10.18% | 14.69% | 17.35% | 10.32% | 12.01% | 13.64% | 19.72% |
| Other Income | 0.35 | 0.29 | 0.50 | 7.44 | 0.59 | 0.58 | 13.58 | 0.91 | 1.17 | 1.04 | 1.67 | 0.93 |
| Interest | 0.31 | 0.31 | 0.31 | 0.25 | 0.21 | 0.20 | 0.22 | 0.17 | 0.12 | 0.25 | 0.32 | 0.30 |
| Depreciation | 0.88 | 0.82 | 0.89 | 0.81 | 0.83 | 0.86 | 0.45 | 0.71 | 0.71 | 0.71 | 0.81 | 0.76 |
| Profit before tax | 2.64 | 1.64 | 2.54 | 7.29 | 0.94 | 1.64 | 16.36 | 3.60 | 2.78 | 2.92 | 3.75 | 5.22 |
| Tax % | 27.65% | 26.83% | 24.41% | 4.94% | 11.70% | 36.59% | 11.43% | 27.22% | 33.45% | 0.00% | 54.13% | 24.52% |
| Net Profit | 1.90 | 1.20 | 1.92 | 6.93 | 0.84 | 1.04 | 14.49 | 2.62 | 1.84 | 2.93 | 1.72 | 3.94 |
| EPS in Rs | 2.09 | 1.32 | 2.11 | 7.63 | 0.92 | 1.14 | 15.95 | 2.88 | 2.03 | 3.23 | 1.89 | 4.34 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 52 | 67 | 62 | 58 | 57 | 51 | 66 | 86 | 77 | 78 | 91 | 98 |
| Expenses | 41 | 52 | 48 | 51 | 52 | 46 | 62 | 76 | 65 | 70 | 79 | 84 |
| Operating Profit | 11 | 16 | 14 | 7 | 5 | 5 | 4 | 10 | 12 | 8 | 13 | 14 |
| OPM % | 22% | 23% | 22% | 12% | 8% | 9% | 7% | 11% | 15% | 10% | 14% | 14% |
| Other Income | 2 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 22 | 4 | 5 |
| Interest | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 11 | 16 | 12 | 4 | 2 | 2 | 2 | 7 | 8 | 26 | 13 | 15 |
| Tax % | 33% | 36% | 37% | 33% | 11% | 30% | 20% | 33% | 27% | 11% | 30% | |
| Net Profit | 7 | 10 | 8 | 3 | 1 | 2 | 1 | 4 | 6 | 23 | 9 | 10 |
| EPS in Rs | 8.88 | 12.19 | 9.31 | 3.29 | 1.48 | 1.81 | 1.48 | 4.83 | 6.43 | 25.65 | 10.03 | 11.49 |
| Dividend Payout % | 34% | 33% | 0% | 46% | 0% | 55% | 68% | 31% | 23% | 4% | 10% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 12% | 2% | 17% | ||
| Compounded Profit Growth | 3% | 44% | 30% | 30% | ||
| Stock Price CAGR | 3% | 40% | 41% | 74% | ||
| Return on Equity | 9% | 7% | 8% | 11% |
| 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 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 7 | 11 | 19 | 38 | 41 | 41 | 42 | 43 | 46 | 50 | 72 | 80 |
| Borrowings | 8 | 6 | 5 | 22 | 26 | 21 | 17 | 18 | 20 | 15 | 5 | 13 |
| Other Liabilities | 4 | 6 | 7 | 11 | 16 | 13 | 13 | 15 | 14 | 14 | 16 | 18 |
| Total Liabilities | 27 | 32 | 39 | 80 | 91 | 83 | 81 | 85 | 89 | 88 | 103 | 120 |
| Fixed Assets | 5 | 6 | 10 | 41 | 47 | 47 | 46 | 48 | 47 | 45 | 27 | 26 |
| CWIP | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 0 | 5 |
| Investments | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 6 | 7 |
| Other Assets | 22 | 26 | 27 | 37 | 42 | 34 | 33 | 35 | 36 | 36 | 69 | 82 |
| Total Assets | 27 | 32 | 39 | 80 | 91 | 83 | 81 | 85 | 89 | 88 | 103 | 120 |
| 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 | 4 | 10 | 13 | 9 | 6 | 2 | 9 | 4 | 6 | 10 | 8 | -4 |
| Cash from Investing Activity | 0 | -1 | -5 | -7 | -7 | -1 | -1 | -4 | -5 | -2 | 37 | -2 |
| Cash from Financing Activity | -3 | -5 | -5 | -1 | 2 | -8 | -5 | -0 | -0 | -8 | -12 | 6 |
| Net Cash Flow | 2 | 3 | 2 | 1 | 1 | -8 | 2 | -1 | 0 | 0 | 33 | 0 |
| Free Cash Flow | 4 | 8 | 6 | 1 | -2 | -0 | 7 | -0 | -0 | 7 | 47 | -9 |
| CFO/OP | 67% | 113% | 119% | 103% | 116% | 29% | 182% | 76% | 70% | 103% | 114% | -5% |
| 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 | 18 | 18 | 14 | 18 | 29 | 22 | 30 | 26 | 24 | 28 | 33 | 35 |
| Inventory Days | 65 | 84 | 79 | 263 | 254 | 327 | 242 | 222 | 173 | 214 | 148 | 188 |
| Days Payable | 17 | 27 | 37 | 112 | 148 | 136 | 129 | 125 | 76 | 70 | 82 | 66 |
| Cash Conversion Cycle | 65 | 75 | 57 | 168 | 136 | 213 | 142 | 124 | 121 | 172 | 99 | 157 |
| Working Capital Days | 45 | 26 | 20 | -15 | -31 | -9 | -10 | -19 | -13 | -2 | 35 | 51 |
| ROCE % | 44% | 49% | 58% | 27% | 8% | 4% | 5% | 4% | 10% | 13% | 10% | 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 | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.04% | 34.72% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 65.97% | 65.96% | 65.95% | 65.95% | 65.96% | 65.96% | 65.95% | 65.96% | 65.96% | 65.96% | 65.97% | 65.28% |
| No. of Shareholders | 4,625 | 4,793 | 4,800 | 4,945 | 5,185 | 5,006 | 5,029 | 5,000 | 4,915 | 4,834 | 4,750 | 4,756 |
Fundamentals
Market Cap₹ 284 Cr.
Current Price₹ 313
Stock P/E27.2
Book Value₹ 98.0
ROCE15.5 %
ROE11.3 %
Dividend Yield0.32 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)30%
Standalone figures.
Valuation
Market capRs 283 Cr
Enterprise valueRs 251 Cr
P/E (TTM)27.14x
Price to book3.18x
Price to sales2.89x
EV / EBITDA13.48x
EV / EBIT16.06x
EV / sales2.57x
Earnings yield3.69%
Dividend yield0.32%
P/E, 3-year average11.57x
P/B, 3-year average1.45x
P/E, 5-year average17.15x
P/B, 5-year average1.27x
Profitability
Operating margin (excl. other income)13.98%
Operating margin (incl. other income)18.45%
EBITDA margin19.04%
Pre-tax margin14.98%
Net profit margin10.65%
Net margin, latest quarter14.52%
ROE10.72%
ROCE14.79%
ROA8.18%
ROE, 3-year average18.05%
ROCE, 3-year average20.28%
ROA, 3-year average13.05%
ROE, 5-year average13.00%
ROCE, 5-year average15.08%
ROA, 5-year average9.16%
ROIC (approx.)19.01%
Tax rate30.21%
Other income / net worth4.58%
Growth
Sales growth (latest year)16.98%
Profit growth (latest year)-60.90%
Sales CAGR, 3 years2.04%
Sales CAGR, 5 years12.31%
Profit CAGR, 3 years27.55%
Profit CAGR, 5 years40.91%
Sales growth QoQ15.25%
Profit growth QoQ129.07%
Sales growth YoY (latest quarter)31.83%
Profit growth YoY (latest quarter)50.38%
Per share
EPS (TTM)Rs 11.48
EPS (latest year)Rs 10.03
EPS (latest quarter)Rs 4.34
EPS, 3-year averageRs 14.04
EPS, 5-year averageRs 9.68
Book value per shareRs 98.04
Sales per shareRs 107.84
Cash flow per shareRs -4.26
Free cash flow per shareRs -9.91
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.17
Dividend per share, 5-year averageRs 1.20
Dividends
Dividend payout9.99%
Dividend payout, 3-year average12.39%
Dividend payout, 5-year average27.21%
Efficiency
Asset turnover0.76x
Fixed asset turnover3.53x
Inventory turnover3.00x
Inventory days122 days
Debtor days35 days
Debtors turnover10.43x
Creditor days66 days
Cash conversion cycle157 days
Working capital days51 days
Leverage
Total debtRs 13 Cr
Cash and bankRs 44 Cr
Net debtRs -32 Cr
Debt to equity0.14x
Net debt / EBITDA-1.69x
Interest coverage15.82x
Owners' fund to total sources74.31%
Debt to assets10.57%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years0.56x
Statement figures
Net sales (TTM)Rs 98 Cr
Net sales (latest year)Rs 91 Cr
Sales (latest quarter)Rs 27 Cr
Operating profit excl. other income (latest year)Rs 13 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 10 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 66 Cr
Total expenditure (latest year)Rs 79 Cr
Total income (latest year)Rs 95 Cr
Share capitalRs 9 Cr
ReservesRs 80 Cr
Shareholders' fundsRs 89 Cr
Total assetsRs 120 Cr
Net blockRs 26 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 7 Cr
ReceivablesRs 9 Cr
InventoryRs 22 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)0.91
Ownership
Promoter holding34.72% (+0.68 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.1 is at the 73th percentile of its own 9.4-year range
(median 20.4, low 6.1, high 60.5).
P/B 3.18 is at the 86th percentile (median 1.72).
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 | 531289 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.7% | -2.8% | +5.5 pts |
| 1 month | +74.2% | -6.8% | +81.0 pts |
| 3 months | +102.6% | -7.6% | +110.2 pts |
| 3 years | +178.5% | +14.2% | +164.3 pts |
| 5 years | +455.4% | +27.9% | +427.5 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 37% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 11% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 133% 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 +31.8% vs Jun 2025.
Net profit ₹4 Cr +50.4%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
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 National Fittings Ltd?
National Fittings Ltd (531289) has a market capitalisation of Rs 284 Cr. at the 2026-10-01 close.
What is the P/E ratio of National Fittings Ltd?
National Fittings Ltd trades at a P/E of 27.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were National Fittings Ltd's latest quarterly results?
In the Jun 2026 quarter, National Fittings Ltd sales was Rs 27 Cr (+31.8% vs Jun 2025) and net profit was Rs 4 Cr.