MarketFriction

Nitco Ltd

NSE NITCO · BSE 532722 · Ceramics
₹84.18 -4.47%
NSE close2026-10-01
52 week range64.00 - 120.00
Market cap₹2,083 Cr.
Price band 20% Delivery 48.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales81807270668594150108132152116
Expenses839593817990100101121138157124
Operating Profit-2-14-22-11-13-5-650-14-6-5-8
OPM %-2.7%-18%-30%-15%-19%-6%-7%33%-13%-4.6%-3.2%-7%
Other Income211113-4731034-122
Interest242425272713332232
Depreciation7777717043-14222
Profit before tax-32-45-53-44-35-660-3471-12-8-10
Tax %0%0%-0%0%0%0%0%0%0%0%0%0%
Net Profit-32-45-53-44-35-660-3471-12-8-10
EPS in Rs-4.40-6.07-7.65-6.06-4.81-91.87-0.122.080.04-0.52-0.32-0.43
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales832716610595460327411384325314542508
Expenses813692606596506376450421368512517541
Operating Profit19244-2-46-49-39-37-43-19725-33
OPM %2.2%3.3%0.6%-0.3%-10%-15%-10%-10%-13%-63%4.5%-6%
Other Income-12253228-37-115-448257
Interest12814222354647396701010
Depreciation6350813931313029292510-7
Profit before tax-57-32162-61-71-136-126-151-163-74129-29
Tax %2%4%-14%-2%2%3%0%0%0%0%0%
Net Profit-58-34185-60-72-140-126-151-163-74129-29
EPS in Rs-11.00-6.1026.29-7.47-10.05-19.47-17.55-21.05-22.68-32.401.20-1.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-4%11%12%29%
Compounded Profit Growth10%18%31%87%
Stock Price CAGR1%31%67%-21%
Return on Equity%%%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55555572727272727272229241
Reserves-92-153-1849340-8-144-270-421-58418124
Borrowings1,3361,3511,335878885732758812882973274314
Other Liabilities251278280304311232238258285269400411
Total Liabilities1,5501,5311,4851,3481,3081,0289238718187309211,090
Fixed Assets712666624548518458396368341314137120
CWIP6334655444411
Investments000000000011
Other Assets831862858795783565522499472412779958
Total Assets1,5501,5311,4851,3481,3081,0289238718187309211,090
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1193137025351253-9-148-153
Cash from Investing Activity-1-12-10-6-11-4-24-0-04-10
Cash from Financing Activity-154-25-367-16-36-8-9-35228102
Net Cash Flow-4-0-4-3-2-52-0-1-484-60
Free Cash Flow9-42136414311082-9-142-162
CFO/OP650%51%126%11,001%-1,423%-50%-24%-12%-8%20%74%-622%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days51697712112911511186704275113
Inventory Days374392438403350294385279302345572453
Days Payable124143146186211173183159189224142119
Cash Conversion Cycle301318369338268235313206184162505447
Working Capital Days1-60-16020013465-104-397-543-788274294
ROCE %-5%-3%-2%-6%-4%-8%-11%-11%-11%-14%-44%7%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters50.18%47.93%47.81%46.78%46.78%16.23%16.23%16.21%16.21%20.17%20.17%23.96%
FIIs0.02%0.14%0.21%0.85%1.97%0.41%2.05%2.30%2.18%2.30%2.28%2.10%
DIIs15.89%15.19%14.04%8.39%5.98%1.88%2.35%2.24%1.68%1.54%0.62%0.59%
Public33.90%36.73%37.92%43.96%45.26%81.48%79.35%79.25%79.93%75.98%76.94%73.35%
No. of Shareholders24,43821,07021,22322,02822,90222,29021,99725,09525,73625,48428,35128,110

Fundamentals

Market Cap₹ 2,083 Cr.
Current Price₹ 86.8
Book Value₹ 15.2
ROCE7.16 %
ROE10.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)87%
Consolidated figures.
Valuation
Market capRs 2,025 Cr
Enterprise valueRs 2,308 Cr
Price to book5.55x
Price to sales3.99x
EV / sales4.54x
Earnings yield-1.43%
P/E, 3-year average73.12x
P/B, 3-year average5.35x
P/E, 5-year average73.12x
P/B, 5-year average2.97x
Profitability
Operating margin (excl. other income)4.54%
Operating margin (incl. other income)9.11%
EBITDA margin-5.11%
Pre-tax margin-5.73%
Net profit margin-5.69%
Net margin, latest quarter-8.85%
ROE9.45%
ROCE6.50%
ROA2.87%
ROE, 3-year average201.83%
ROCE, 3-year average-47.92%
ROA, 3-year average-35.98%
ROE, 5-year average150.77%
ROCE, 5-year average-33.37%
ROA, 5-year average-27.98%
ROIC (approx.)-2.90%
Tax rate0.10%
Other income / net worth6.79%
Growth
Sales growth (latest year)72.40%
Sales CAGR, 3 years12.20%
Sales CAGR, 5 years10.64%
Sales growth QoQ-23.84%
Sales growth YoY (latest quarter)-22.77%
Profit growth YoY (latest quarter)-121.61%
Per share
EPS (TTM)Rs -1.20
EPS (latest year)Rs 1.20
EPS (latest quarter)Rs -0.43
EPS, 3-year averageRs -17.96
EPS, 5-year averageRs -18.50
Book value per shareRs 15.17
Sales per shareRs 21.11
Cash flow per shareRs -6.34
Free cash flow per shareRs -6.74
Efficiency
Asset turnover0.50x
Fixed asset turnover4.50x
Inventory turnover0.87x
Inventory days419 days
Debtor days113 days
Debtors turnover3.22x
Creditor days119 days
Cash conversion cycle447 days
Working capital days294 days
Leverage
Total debtRs 314 Cr
Cash and bankRs 31 Cr
Net debtRs 283 Cr
Debt to equity0.86x
Interest coverage-1.83x
Current ratio (filing 2026-03-31)2.01x
Quick ratio (filing 2026-03-31)1.03x
Trade payables (filing 2026-03-31)Rs 113 Cr
Owners' fund to total sources33.46%
Debt to assets28.85%
Cash flow
Cash from Operating Activity (latest year)Rs -153 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs 102 Cr
Net Cash Flow (latest year)Rs -60 Cr
Free cash flow (latest year)Rs -162 Cr
FCFE (approx.: FCF + change in debt)Rs -122 Cr
Statement figures
Net sales (TTM)Rs 508 Cr
Net sales (latest year)Rs 542 Cr
Sales (latest quarter)Rs 116 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs -8 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs -26 Cr
PBDT (TTM)Rs -36 Cr
Profit before tax (TTM)Rs -29 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -29 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs -10 Cr
Depreciation (TTM)Rs -7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 373 Cr
Total expenditure (latest year)Rs 517 Cr
Total income (latest year)Rs 567 Cr
Share capitalRs 241 Cr
ReservesRs 124 Cr
Shareholders' fundsRs 365 Cr
Total assetsRs 1,090 Cr
Net blockRs 120 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 1 Cr
ReceivablesRs 168 Cr
InventoryRs 429 Cr
Other liabilitiesRs 411 Cr
Shares outstanding (crore)24.05
Ownership
Promoter holding23.96% (+7.75 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 5.55 is at the 25th percentile (median 6.96).
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.
PeriodNITCONifty 50Difference
1 week-6.5%-2.8% -3.7 pts
1 month-9.9%-6.8% -3.1 pts
3 months-27.7%-7.6% -20.1 pts
6 months-4.2%+0.4% -4.6 pts
1 year-25.7%-9.9% -15.8 pts
2 years-0.6%-13.6% +12.9 pts
3 years+349.0%+14.2% +334.8 pts
5 years+270.8%+27.9% +242.9 pts

Red flags

F-score 5 of 8
explainHigh accruals Profit exceeded operating cash by 17% of total assets in 2026
explainReceivables outrunning sales Receivables grew 161% vs sales +72% in 2026
explainShare dilution Share count up 5% in a year, 234% in three
lookProfit leans on other income Other income was 86% of pre-tax profit 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 2026
Sales ₹116 Cr -22.7% vs Jun 2025. Net loss ₹10 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-09-16 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-11 Annual General Meeting
2018-09-10 Annual General Meeting
2018-02-12 Extra-Ordinary General Meeting
2017-09-11 Annual General Meeting
2016-09-09 Annual General Meeting
2015-09-10 Annual General Meeting
2014-09-10Annual General Meeting
2013-09-19Annual General Meeting
2012-09-13Annual General Meeting
2011-09-20Dividend-Re.0.50 Per Share
2010-09-07Annual General Meeting
2009-09-09Dividend-Re.1/- Per Share
2008-09-15Agm/Div - Rs. 2/- Per Shr
2007-12-03Agm/Dividend-Rs.2 Per Sh
2006-08-11Dividend-10%
DateTypeWhat it says
2026-09-21Shareholder meetingVoting results.
2026-09-17Shareholder meetingProceedings of Annual General Meeting held on September 17, 2026
2026-09-15AppointmentAppointment of Mr. Arihant Kothari as Company Secretary & Compliance Officer of the company w.e.f. September 15, 2026.
2026-09-15Board meeting outcomeOutcome of Board Meeting held on September 15, 2026.
2026-09-02Credit RatingCredit Rating
2026-08-26Press ReleaseA press release dated August 26, 2026, titled "NITCO forms JV with House of Abhinandan Lodha for Rs 4,500-crore Alibaug project".
2026-08-25Press ReleaseA press release dated August 25, 2026, made by The House of Abhinandan Lodha Estate Holdings Pvt Ltd.".
2026-08-24General UpdatesExecution of Memorandum of Understanding ( MOU ) with M/s HOABL Impactum Land Private Limited
2026-08-24UpdatesIntimation of receipt of capital advance from M/s. Soumya Buildcon Private Limited.
2026-08-24General UpdatesGeneral Updates
2026-08-24General UpdatesDispatch of Letter to Shareholders Whose E-Mail Addresses Are Not Registered with The Company/RTA/ Depository Participants
2026-08-24Shareholder meetingNotice of Annual General Meeting to be held on September 17, 2026
2026-08-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-12AgreementsAgreements
2026-08-12AppointmentAppointment of Mr R. K. Bhandari proprietor of M/S. R .K. Bhandari as Cost Auditor of the company w.e.f. August 12, 2026.
2026-08-12Board meeting outcomeNitco Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07ResignationResignation of Mr. Amit Dhawan as Senior Managerial Personnel of the company w.e.f. August 07, 2026.
2026-08-07Change in ManagementChange in Management
2026-08-07ResignationResignation of Director/KMP/SMP
2026-07-28UpdatesDisclosure under Regulation 7(2) SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-07-27General UpdatesGeneral Updates
2026-07-24General UpdatesAllotment of Equity Shares pursuant to exercise of share warrants
2026-07-24UpdatesDisclosure under Regulation 7(2) SEBI (Prohibition of Insider Trading) Regulations, 2015.
2026-07-23General UpdatesAllotment of Equity Shares pursuant to exercise of share warrants
2026-07-23General UpdatesGeneral Updates
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.
Order dateForumCase
2020-02-03CESTATNITCO LOGISTICS PVT LTD ---VS.--- PRINCIPAL COMMISSIONER, SERVICE TAX-DELHI-III
2019-12-09CESTATNITCO LOGISTICS PVT LTD ---VS.--- PRINCIPAL COMMISSIONER, SERVICE TAX-DELHI-III
2019-10-22CESTATNITCO LOGISTICS PVT LTD ---VS.--- SERVICE TAX - DELHI
2019-08-14CESTATNITCO LOGISTICS PVT LTD ---VS.--- SERVICE TAX - DELHI
2019-04-09CESTATNITCO LOGISTICS PVT LTD ---VS.--- SERVICE TAX - DELHI
2019-02-22CESTATNITCO LOGISTICS PVT LTD ---VS.--- SERVICE TAX - DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Nitco Ltd?

Nitco Ltd (NITCO) has a market capitalisation of Rs 2,083 Cr. at the 2026-10-01 close.

What were Nitco Ltd's latest quarterly results?

In the Jun 2026 quarter, Nitco Ltd sales was Rs 116 Cr (-22.7% vs Jun 2025) with a net loss of Rs 10 Cr.

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

The 52-week high is Rs 120.00 and the 52-week low is Rs 64.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03