Is 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 undervalued or overvalued?

The key valuation ratios of Nitco Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Nitco share price return in the past 10 years?

Nitco Ltd share price has appreciated 20% annually (CAGR) over the past ten years.

Is Nitco a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nitco Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Nitco Ltd - Stock Valuation and Financial Performance

Name: Nitco
Brand: Nitco

BSE: 532722 | NSE: NITCO | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Place order

Nitco Share Price

₹111.85 5.30 4.97%
as on 11-Apr'25 16:59

10 Year X-Ray of Nitco:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-6.6%	-4.7%	-2.5%	16.7%	-2.8%	-4.3%	-9.3%	-9.5%	-13.6%	-12.3%	-
Value Creation Index ⓘ	NA	NA	NA	0.2	-1.2	-1.3	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	874	823	696	599	588	458	325	409	382	323	289
Sales YoY Gr.	-	-5.9%	-15.5%	-13.9%	-1.7%	-22.1%	-29.1%	25.7%	-6.6%	-15.4%	-
Adj EPS ⓘ	-22.4	-11.2	-5.9	2.7	-6.5	-11.6	-17.3	-18	-19.5	-21.8	-34.4
YoY Gr.	-	NA	NA	NA	-343.8%	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-7.2	-18.6	-24.5	20.4	13.9	7.7	-9.6	-27.1	-48.1	-69.9	-6.6
Adj Net Profit ⓘ	-122	-61	-32.2	19.1	-46.5	-83.1	-124	-129	-140	-157	-787
Cash Flow from Ops. ⓘ	22.5	-13.7	15.8	430	17	22.9	11.1	4.6	2.8	-1	-
Debt/CF from Ops. ⓘ	56.8	-95	81.8	2	51	31	68.3	178.2	318.6	-975.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-10.5%	-11.3%	-0.2%	-15.4%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	-238.2%	NA	NA
Share Price	20%	46%	62.7%	85.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-452.6	86.5	27.2	128	-33	-96.3	1780.6	97.9	51.9	37	90.1
Op. Profit Mgn % ⓘ	-1.9	-0.6	1	0.7	0.4	-10.1	-11.7	-9.5	-9.8	-11.5	-16.9
Net Profit Mgn % ⓘ	-14	-7.4	-4.6	3.2	-7.9	-18.1	-38.2	-31.6	-36.8	-48.5	-272.5
Debt to Equity ⓘ	-32.6	-12.8	-9.6	5.8	8.7	12.8	-10.9	-4.2	-2.5	-1.9	-
Working Cap Days ⓘ	324	344	410	452	439	505	577	418	424	454	228
Cash Conv. Cycle ⓘ	136	139	168	203	201	226	261	173	156	141	-464

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 90.10%

Sales growth has been subdued in last 3 years -0.21%

Sales growth is not so good in last 4 quarters at -17.11%

Latest Financials - Nitco Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-34.4	-34.7
TTM Sales (₹ Cr.)	289	291
BVPS (₹.) ⓘ	-6.6	-7.2
Reserves (₹ Cr.) ⓘ	-379	-393
P/BV ⓘ	-17.07	-15.62
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	58.00 / 148.50
All Time Low / High (₹)	10.80 / 336.85
Market Cap (₹ Cr.)	2,558
Equity (₹ Cr.)	228.7
Face Value (₹)	10
Industry PE ⓘ	31.6

Quarterly Results

Standalone Basis

Consolidated Basis

	Mar'24	YoY Gr. Rt. %	Jun'24	YoY Gr. Rt. %	Sep'24	YoY Gr. Rt. %	Dec'24	YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ	70.9	-32.2	69.1	-24.2	65.3	-18.4	83.7	6.3
Adj EPS (₹) ⓘ	-7.4	N/A	-6.1	N/A	-5.6	N/A	-45.6	N/A
Op. Profit Mgn % ⓘ	-30.46	-1499 bps	-16.01	-1058 bps	-16.26	-1354 bps	-6.80	339 bps
Net Profit Mgn % ⓘ	-74.66	-3514 bps	-62.78	-2713 bps	-60.99	-2168 bps	-389.68	-34054 bps

Management X-Ray of Nitco:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

91.38

90.90

96.74

94.80

96.88

* Pledged shares as % of Promoter's holding (%)

Valuation of Nitco

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of Nitco

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Peer Comparison

Company Name	CMP(₹)	Change ₹(%)	Market Cap	Net Sales (₹ Cr.)	Latest EPS (₹)	Net Profit Margin %	Latest P/E	Latest P/BV
Kajaria Ceramics	800.8	21.7 (2.8%)	Small Cap	4,578	22.2	9.3	35	4.5
Somany Ceramics	424.2	16.6 (4.1%)	Small Cap	2,591	17	3.9	24	2.2
Cera Sanitaryware	5,389	-21.8 (-0.4%)	Small Cap	1,871	182.9	12.7	29.6	5.5
Asian Granito India	42.1	0.7 (1.6%)	Small Cap	1,531	0.4	-1.3	97.4	0.4
Pokarna	828	75.3 (10%)	Small Cap	688	46.5	12.3	16.2	3.2
Orient Bell	252.1	2.7 (1.1%)	Small Cap	674	3.2	0	78.6	1.2
Nitco	111.9	5.3 (5%)	Small Cap	323	-34.4	-48.5	-	-16.3
Exxaro Tiles	6.3	0.3 (4.7%)	Small Cap	302	-0.1	0.6	-	1
Pacific Industries	204	4.4 (2.2%)	Small Cap	189	9	4.7	22.3	0.8
Murudeshwar Ceramics	32	0.7 (2.1%)	Small Cap	186	1.3	2.8	24.8	0.5

Shows rows:

Prev 1 2 3 4 Next

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	874	823	696	599	588	458	325	409	382	323
Operating Expenses ⓘ	891	827	689	595	587	506	365	448	419	360
Manufacturing Costs	102	92	72	73	73	24	6	9	11	14
Material Costs	572	539	466	378	370	346	250	326	306	255
Employee Cost	72	72	76	81	83	79	51	53	54	56
Other Costs ⓘ	145	125	74	63	61	57	58	60	49	35
Operating Profit ⓘ	-17	-5	7	4	2	-47	-40	-39	-37	-37
Operating Profit Margin (%)	-1.9%	-0.6%	1.0%	0.7%	0.3%	-10.3%	-12.2%	-9.5%	-9.8%	-11.5%
Other Income ⓘ	1	1	1	2	2	8	3	7	5	5
Interest ⓘ	42	5	3	9	19	23	54	64	73	95
Depreciation ⓘ	62	51	38	72	31	31	31	30	29	29
Exceptional Items ⓘ	-7	-3	0	248	0	32	0	0	-16	0
Profit Before Tax ⓘ	-127	-63	-32	172	-47	-60	-121	-126	-151	-156
Tax ⓘ	0	0	0	-20	0	1	4	0	0	0
Profit After Tax	-127	-63	-32	193	-47	-61	-125	-126	-151	-157
PAT Margin (%)	-14.6%	-7.6%	-4.6%	32.2%	-8.0%	-13.3%	-38.5%	-30.8%	-39.6%	-48.5%
Adjusted EPS (₹)	-23.3	-11.5	-5.9	26.8	-6.5	-8.5	-17.4	-17.5	-21.1	-21.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-39	-102	-134	147	100	55	-69	-195	-346	-502
Share Capital ⓘ	55	55	55	72	72	72	72	72	72	72
Reserves ⓘ	-94	-157	-189	75	28	-17	-141	-267	-418	-574
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	837	752	571	814	743	552	457	200	200	200
Long Term Debt	755	637	457	814	743	552	457	200	200	200
Short Term Debt	82	114	114	0	0	0	0	0	0	0
Trade Payables	169	177	157	151	189	146	126	142	159	157
Others Liabilities ⓘ	484	604	790	139	222	232	379	694	775	843
Total Liabilities ⓘ	1,451	1,431	1,384	1,251	1,253	985	893	841	788	698
Fixed Assets
Gross Block	908	895	902	905	913	917	920	920	921	923
Accumulated Depreciation	299	332	369	440	470	500	528	556	584	613
Net Fixed Assetsⓘ	608	564	533	464	443	417	392	363	337	309
CWIP ⓘ	4	2	2	3	5	4	3	3	2	2
Investmentsⓘ	27	27	27	27	27	7	7	7	7	7
Inventories	364	360	355	300	299	243	228	214	218	206
Trade Receivables	122	154	140	181	205	145	99	97	74	37
Cash Equivalents	18	19	16	61	58	8	12	12	11	6
Others Assetsⓘ	307	304	310	213	216	161	152	147	139	130
Total Assets ⓘ	1,451	1,431	1,384	1,251	1,253	985	893	841	788	698

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	22	-14	16	430	17	23	11	5	3	-1
PBT ⓘ	-127	-63	-32	172	-47	-92	-121	-126	-151	-156
Adjustment ⓘ	105	57	41	81	50	56	109	101	111	118
Changes in Working Capital ⓘ	46	-8	8	177	15	47	24	29	44	37
Tax Paid ⓘ	-1	0	0	0	-2	13	0	0	0	0
Cash Flow From Investing Activity ⓘ	0	-5	-9	-5	-10	-4	-1	4	0	-1
Capex	-4	-5	-9	-5	-10	-4	-1	4	0	-1
Net Investments	4	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-17	21	-10	-428	-6	-25	-6	-9	-3	-3
Net Proceeds from Shares ⓘ	0	0	0	88	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	-6	-530	-6	-31	-3	-1	0	0
Interest Paid ⓘ	-42	-4	-3	-10	0	-5	-6	-8	-3	-3
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	24	24	0	23	0	11	3	0	0	0
Net Cash Flow ⓘ	5	2	-3	-3	1	-6	4	0	-1	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	N/A	N/A	3132.84	-38.09	-78.92	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	16.65	-2.78	-4.25	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.61	0.59	0.51	0.46	0.47	0.41	0.35	0.47	0.47	0.43
PAT to CFO Conversion(x)	N/A	N/A	N/A	2.23	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	50	59	74	97	120	139	137	87	82	63
Inventory Days	151	154	181	197	186	216	265	197	206	239
Payable Days	101	117	131	149	168	177	198	150	180	226

Nitco Ltd Stock News

View All News

Nitco Ltd FAQs

What is the share price of Nitco?

Company share prices are keep on changing according to the market conditions. The closing price of Nitco on 11-Apr-2025 16:59 is ₹111.8.

What is the market cap of Nitco?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Apr-2025 16:59 the market cap of Nitco stood at ₹2,558.3.

What is the P/E ratio of Nitco?

The latest P/E ratio of Nitco as of 11-Apr-2025 16:59 is 0.00.

What is the P/B ratio of Nitco?

The latest P/B ratio of Nitco as of 11-Apr-2025 16:59 is -17.07.

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

The 52-week high of Nitco is ₹148.5 and the 52-week low is ₹58.00.

What is the TTM revenue of Nitco?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitco is ₹289.0 ( Cr.) .

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.