MarketFriction

Nitin Fire Protection Industries Ltd

NSE NITINFIRE · BSE 532854 · Industrial Products
₹1.85 -2.63%
NSE close2022-02-10
Market cap₹54.1 Cr.
P/E13.9
No trades in 30 days

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
Sales1.013.431.680.313.236.79-4.033.275.547.118.294.57
Expenses1.545.106.212.155.713.651.544.026.897.5910.055.81
Operating Profit-0.53-1.67-4.53-1.84-2.483.14-5.57-0.75-1.35-0.48-1.76-1.24
OPM %-52.48%-48.69%-269.64%-593.55%-76.78%46.24%-22.94%-24.37%-6.75%-21.23%-27.13%
Other Income1.760.160.820.520.08976.133.937.488.681.15-0.210.21
Interest0.250.300.290.11-0.010.20-0.200.000.000.000.010.00
Depreciation0.150.090.090.070.080.070.070.100.100.090.240.26
Profit before tax0.83-1.90-4.09-1.50-2.47979.00-1.516.637.230.58-2.22-1.29
Tax %0.00%-0.53%0.24%0.00%0.00%0.00%-116.56%0.00%0.00%20.69%-5.41%0.00%
Net Profit0.83-1.89-3.93-1.50-2.46979.01-0.536.627.240.46-2.47-1.35
EPS in Rs0.03-0.06-0.13-0.05-0.0833.50-0.020.230.250.02-0.08-0.05
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,015.931,146.561,479.701,326.77887.7117.678.499.996.896.2924.2225.51
Expenses903.351,031.041,316.211,281.37952.3128.8919.7135.5912.0413.6228.5630.34
Operating Profit112.58115.52163.4945.40-64.60-11.22-11.22-25.60-5.15-7.33-4.34-4.83
OPM %11.08%10.08%11.05%3.42%-7.28%-63.50%-132.16%-256.26%-74.75%-116.53%-17.92%-18.93%
Other Income-3.0911.2914.552.015.507.3514.4323.022.998.3417.109.83
Interest30.5341.3752.5060.3073.4763.35117.030.733.730.280.010.01
Depreciation9.4014.4524.4724.7138.051.020.930.870.490.300.530.69
Profit before tax69.5670.99101.07-37.60-170.62-68.24-114.75-4.18-6.380.4312.224.30
Tax %4.37%5.47%2.50%-0.96%0.30%2.45%0.02%-0.24%0.00%-409.30%0.00%
Net Profit66.5267.1198.53-63.60-167.21-69.91-116.59-4.17-6.392.2011.853.88
EPS in Rs2.282.303.37-2.18-5.72-2.39-3.99-0.14-0.220.080.410.14
Dividend Payout %6.59%8.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-34%7%34%175%
Compounded Profit Growth-19%17%70%-62%
Stock Price CAGR-23%8%%%
Return on Equity%%%36%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital44.1143.8458.4558.4558.4558.4558.4558.4558.4558.4558.45
Reserves273.37327.27378.98531.76447.52285.78-1,132.01-1,136.36-1,143.16-31.83-19.97
Borrowings353.02392.41501.98554.57450.76829.84589.63602.70601.455.923.60
Other Liabilities87.39115.03189.04142.34348.38228.90525.43516.19519.429.3731.68
Total Liabilities757.89878.551,128.451,287.121,305.111,402.9741.5040.9836.1641.9173.76
Fixed Assets159.47176.25191.59289.82303.94310.5019.1414.1410.197.5110.47
CWIP22.7523.180.001.621.99159.820.000.000.000.000.00
Investments35.981.4538.1339.667.9611.644.234.234.403.463.10
Other Assets539.69677.67898.73956.02991.22921.0118.1322.6121.5730.9460.19
Total Assets757.89878.551,128.451,287.121,305.111,402.9741.5040.9836.1641.9173.76
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity40.221.04-15.41113.13243.87-158.985.02126.98-5.08-4.82-30.310.00
Cash from Investing Activity-25.50-25.72-28.37-155.85-48.07-200.221.210.014.183.7441.500.00
Cash from Financing Activity25.052.1268.83-4.90-203.72366.50-6.47-127.634.51-2.27-11.380.00
Net Cash Flow39.77-22.5625.04-47.62-7.927.30-0.24-0.643.60-3.36-0.190.00
Free Cash Flow5.78-24.99-42.30-45.63184.97-363.934.96126.98-0.94-1.36-24.650.00
CFO/OP54%4%-12%70%537%247%-61%-1,133%20%94%457%0%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days136.46107.84147.73121.05116.10218.01107.48257.95383.54436.96160.65
Inventory Days91.9279.9395.5790.42104.47154.64234.44127.0989.79938.73216.96
Days Payable42.7022.0560.8935.52131.1377.783,670.893,497.704,187.00133.45157.25
Cash Conversion Cycle185.68165.71182.41175.9589.45294.87-3,328.98-3,112.66-3,713.671,242.24220.36
Working Capital Days11.7242.6943.0445.1549.30-63.11-47,300.39-40,329.03-58,593.36446.24252.73
ROCE %15.65%14.65%13.16%14.63%2.37%-9.12%32.78%
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.68%51.68%51.68%51.68%51.68%51.68%51.68%51.68%51.68%51.68%51.68%43.15%
FIIs1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%
DIIs0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.79%46.79%55.33%
No. of Shareholders40,43240,41940,41640,40440,39240,38540,38040,37540,37040,36140,36240,353

Fundamentals

Market Cap₹ 54.1 Cr.
Current Price₹ 1.85
Stock P/E13.9
Book Value₹ 1.32
ROCE32.8 %
ROE36.4 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)175%
Compounded Profit Growth (TTM)-62%
Consolidated figures.
Valuation
Market capRs 54 Cr
Enterprise valueRs 53 Cr
P/E (TTM)13.94x
Price to book1.41x
Price to sales2.12x
EV / EBITDA10.55x
EV / EBIT12.24x
EV / sales2.07x
Earnings yield7.18%
P/E, 3-year average24.58x
P/B, 3-year average0.99x
P/E, 5-year average24.58x
P/B, 5-year average0.64x
Profitability
Operating margin (excl. other income)-17.92%
Operating margin (incl. other income)52.68%
EBITDA margin19.60%
Pre-tax margin16.86%
Net profit margin15.21%
Net margin, latest quarter-29.54%
ROE36.41%
ROCE32.78%
ROA20.49%
ROE, 3-year average12.19%
ROCE, 3-year average32.78%
ROA, 3-year average3.19%
ROE, 5-year average9.57%
ROCE, 5-year average32.78%
ROA, 5-year average-56.30%
ROIC (approx.)11.59%
Other income / net worth44.44%
Growth
Sales growth (latest year)285.06%
Profit growth (latest year)438.64%
Sales CAGR, 3 years34.34%
Sales CAGR, 5 years6.51%
Sales growth QoQ-44.87%
Sales growth YoY (latest quarter)39.76%
Profit growth YoY (latest quarter)-120.39%
Per share
EPS (TTM)Rs 0.13
EPS (latest quarter)Rs -0.05
EPS, 3-year averageRs -0.07
EPS, 5-year averageRs -0.10
Book value per shareRs 1.32
Sales per shareRs 0.87
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.33x
Fixed asset turnover2.31x
Inventory turnover1.68x
Inventory days217 days
Debtor days161 days
Debtors turnover2.27x
Creditor days157 days
Cash conversion cycle220 days
Working capital days253 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 5 Cr
Net debtRs -1 Cr
Debt to equity0.09x
Net debt / EBITDA-0.26x
Interest coverage431.00x
Owners' fund to total sources52.17%
Debt to assets4.88%
Cash flow
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Statement figures
Net sales (TTM)Rs 26 Cr
Net sales (latest year)Rs 24 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 4 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 12 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 29 Cr
Total income (latest year)Rs 41 Cr
Share capitalRs 58 Cr
ReservesRs -20 Cr
Shareholders' fundsRs 38 Cr
Total assetsRs 74 Cr
Net blockRs 10 Cr
InvestmentsRs 3 Cr
ReceivablesRs 11 Cr
InventoryRs 11 Cr
Other liabilitiesRs 32 Cr
Shares outstanding (crore)29.23
Ownership
Promoter holding43.15% (-8.53 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodNITINFIRENifty 50Difference
1 week-11.9%-2.8% -9.1 pts
1 month-28.8%-6.8% -22.1 pts
3 months+54.2%-7.6% +61.8 pts
6 months+5.7%+0.4% +5.3 pts
1 year+184.6%-9.9% +194.5 pts
2 years+362.5%-13.6% +376.1 pts
3 years+54.2%+14.2% +40.0 pts
5 years-94.1%+27.9% -122.0 pts

Red flags

F-score 6 of 6
lookProfit leans on other income Other income was 140% 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 ₹5 Cr +39.8% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2018-09-19 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-10 Annual General Meeting/ Dividend - Re 0.20/- Per Share
2014-11-13Bonus 1:30.7500
2014-09-19Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-08-06Annual General Meeting/Dividend Re 0.20/- Per Share
2012-08-07Annual General Meeting/ Dividend Rs 0.40 Per Share
2011-09-22Bonus 5:20.2857
2011-08-04Dividend-Re.1/- Per Share
2010-11-04Face Value Split From Rs.10/- To Rs.2/-0.2000
2010-09-14Annual General Meeting And Dividend Rs.3.50 Per Share
2009-07-08Agm/Div-Rs.3/- Per Share
2008-08-13Agm/Dividend - 20%
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 Fire Protection Industries Ltd?

Nitin Fire Protection Industries Ltd (NITINFIRE) has a market capitalisation of Rs 54.1 Cr. at the 2022-02-10 close.

What is the P/E ratio of Nitin Fire Protection Industries Ltd?

Nitin Fire Protection Industries Ltd trades at a P/E of 13.9 on trailing twelve-month profit, at the 2022-02-10 close.

What were Nitin Fire Protection Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Nitin Fire Protection Industries Ltd sales was Rs 5 Cr (+39.8% vs Jun 2025) with a net loss of Rs 1 Cr.

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