BSE: 531289 | NSE: | Castings/Forgings | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that National Fittings Ltd is a average quality company.
The key valuation ratios of National Fittings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Fittings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 44.5% | 48.7% | 57.8% | 27.3% | 8.5% | 4.4% | 4.8% | 4% | 10.5% | 12.4% | - |
| Value Creation Index ⓘ | 2.2 | 2.5 | 3.1 | 1.0 | -0.4 | -0.7 | -0.7 | -0.7 | -0.3 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 49.5 | 52.2 | 67.2 | 61.9 | 58 | 56.9 | 51.2 | 66.3 | 86 | 76.5 | 72 |
| Sales YoY Gr. | - | 5.4% | 28.7% | -7.8% | -6.3% | -2.1% | -10% | 29.6% | 29.7% | -11% | - |
| Adj EPS ⓘ | 6.4 | 8 | 11 | 7.7 | 2.8 | 1.4 | 1.5 | 1 | 5 | 6 | 12 |
| YoY Gr. | - | 25.2% | 38.2% | -29.9% | -64.2% | -51.1% | 7.4% | -33.8% | 417.7% | 20.7% | - |
| BVPS (₹) ⓘ | 18.3 | 23.5 | 33.3 | 51.9 | 55.4 | 54.7 | 56.5 | 56.8 | 60.5 | 65.3 | 72.4 |
| Adj Net Profit ⓘ | 5.3 | 6.6 | 9.1 | 7 | 2.5 | 1.2 | 1.3 | 0.9 | 4.5 | 5.5 | 11 |
| Cash Flow from Ops. ⓘ | 3.8 | 9.5 | 12.5 | 9 | 6.1 | 1.8 | 8.9 | 3.8 | 5.7 | 9.9 | - |
| Debt/CF from Ops. ⓘ | 1.3 | 0.6 | 0.4 | 2.4 | 4.2 | 11.6 | 1.9 | 4.8 | 3.6 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5% | 5.7% | 14.4% | -11% | ||||
| Adj EPS ⓘ | -0.6% | 16.8% | 60.5% | 20.7% | ||||
| BVPSⓘ | 15.2% | 3.4% | 5% | 8% | ||||
| Share Price | 11.8% | 25.9% | 32% | -1.6% | ||||
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 % ⓘ | 30.9 | 35 | 38.7 | 18.7 | 5.1 | 2.5 | 2.6 | 1.7 | 8.5 | 9.5 | 17.4 |
| Op. Profit Mgn % ⓘ | 19.3 | 21.6 | 23.3 | 23 | 12.1 | 8.5 | 9.3 | 6.6 | 12.4 | 14.7 | 11.1 |
| Net Profit Mgn % ⓘ | 10.7 | 12.7 | 13.6 | 11.3 | 4.3 | 2.2 | 2.6 | 1.3 | 5.3 | 7.1 | 15.1 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.2 | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0 |
| Working Cap Days ⓘ | 122 | 149 | 105 | 106 | 145 | 163 | 170 | 127 | 106 | 121 | 105 |
| Cash Conv. Cycle ⓘ | 38 | 42 | 33 | 41 | 57 | 68 | 76 | 57 | 51 | 67 | 55 |
Return on Equity has increased versus last 3 years average to 17.40%
Sales growth is growing at healthy rate in last 3 years 14.37%
Net Profit is growing at healthy rate in last 3 years 60.54%
Sales growth is not so good in last 4 quarters at -11.91%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 12 | - |
| TTM Sales (₹ Cr.) | 72 | - |
| BVPS (₹.) ⓘ | 72.4 | - |
| Reserves (₹ Cr.) ⓘ | 57 | - |
| P/BV ⓘ | 1.74 | - |
| PE ⓘ | 10.52 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 90.25 / 194.75 |
| All Time Low / High (₹) | 1.00 / 285.00 |
| Market Cap (₹ Cr.) | 114 |
| Equity (₹ Cr.) | 9.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50 | 52 | 67 | 62 | 58 | 57 | 51 | 66 | 86 | 77 |
| Operating Expenses ⓘ | 40 | 41 | 52 | 48 | 51 | 52 | 46 | 62 | 76 | 65 |
| Manufacturing Costs | 7 | 7 | 9 | 20 | 20 | 22 | 17 | 23 | 27 | 26 |
| Material Costs | 28 | 29 | 36 | 16 | 19 | 17 | 18 | 25 | 33 | 25 |
| Employee Cost | 3 | 3 | 4 | 8 | 9 | 10 | 8 | 9 | 11 | 11 |
| Other Costs ⓘ | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 6 | 4 |
| Operating Profit ⓘ | 10 | 11 | 16 | 14 | 7 | 5 | 5 | 4 | 10 | 11 |
| Operating Profit Margin (%) | 19.3% | 21.6% | 23.1% | 22.4% | 12.0% | 8.1% | 9.3% | 6.6% | 11.1% | 14.7% |
| Other Income ⓘ | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 1 | 1 | 1 | 3 | 3 | 2 | 3 | 3 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 11 | 16 | 12 | 4 | 2 | 2 | 2 | 7 | 8 |
| Tax ⓘ | 3 | 4 | 6 | 4 | 1 | 0 | 1 | 0 | 2 | 2 |
| Profit After Tax | 5 | 7 | 10 | 8 | 3 | 1 | 2 | 1 | 4 | 6 |
| PAT Margin (%) | 11.1% | 14.2% | 15.1% | 12.5% | 5.2% | 2.3% | 3.2% | 2.0% | 5.1% | 7.6% |
| Adjusted EPS (₹) | 6.3 | 8.9 | 12.2 | 8.5 | 3.3 | 1.5 | 1.8 | 1.5 | 4.8 | 6.4 |
| Dividend Payout Ratio (%) | 16% | 34% | 33% | 0% | 46% | 0% | 55% | 68% | 31% | 23% |
| 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 | 18 | 20 | 28 | 47 | 50 | 50 | 51 | 52 | 55 | 59 |
| Share Capital ⓘ | 11 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 7 | 11 | 19 | 38 | 41 | 41 | 42 | 43 | 46 | 50 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5 | 6 | 5 | 22 | 26 | 21 | 17 | 18 | 20 | 15 |
| Long Term Debt | 0 | 0 | 0 | 9 | 10 | 6 | 5 | 4 | 3 | 1 |
| Short Term Debt | 5 | 6 | 5 | 13 | 16 | 15 | 12 | 15 | 18 | 14 |
| Trade Payables | 1 | 2 | 4 | 5 | 8 | 6 | 7 | 9 | 7 | 5 |
| Others Liabilities ⓘ | 8 | 12 | 3 | 6 | 8 | 6 | 7 | 6 | 7 | 9 |
| Total Liabilities ⓘ | 32 | 40 | 39 | 80 | 91 | 83 | 81 | 85 | 89 | 88 |
Fixed Assets | ||||||||||
| Gross Block | 14 | 16 | 22 | 54 | 62 | 64 | 66 | 70 | 72 | 73 |
| Accumulated Depreciation | 9 | 10 | 11 | 13 | 15 | 17 | 20 | 22 | 25 | 28 |
| Net Fixed Assetsⓘ | 5 | 6 | 10 | 41 | 47 | 47 | 46 | 48 | 47 | 45 |
| CWIP ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 |
| Investmentsⓘ | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 2 | 2 | 2 |
| Inventories | 5 | 7 | 8 | 11 | 13 | 15 | 12 | 15 | 16 | 15 |
| Trade Receivables | 2 | 3 | 3 | 3 | 5 | 3 | 4 | 5 | 6 | 6 |
| Cash Equivalents | 7 | 10 | 12 | 16 | 16 | 9 | 11 | 10 | 11 | 11 |
| Others Assetsⓘ | 12 | 14 | 5 | 7 | 7 | 7 | 6 | 4 | 4 | 5 |
| Total Assets ⓘ | 32 | 40 | 39 | 80 | 91 | 83 | 81 | 85 | 89 | 88 |
| 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 ⓘ | 4 | 10 | 13 | 9 | 6 | 2 | 9 | 4 | 6 | 10 |
| PBT ⓘ | 8 | 11 | 16 | 12 | 4 | 2 | 2 | 2 | 7 | 8 |
| Adjustment ⓘ | 2 | 1 | 1 | 4 | 3 | 4 | 3 | 3 | 4 | 4 |
| Changes in Working Capital ⓘ | -4 | 0 | 1 | -1 | 1 | -4 | 3 | -2 | -4 | -1 |
| Tax Paid ⓘ | -3 | -3 | -6 | -5 | -2 | 0 | 0 | 1 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -5 | -7 | -7 | -1 | -1 | -4 | -5 | -2 |
| Capex | 0 | -2 | -6 | -8 | -8 | -2 | -2 | -4 | -6 | -3 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -3 | -5 | -5 | -1 | 2 | -8 | -5 | 0 | 0 | -8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -2 | 1 | -4 | 1 | 1 | -1 | -1 |
| Interest Paid ⓘ | -1 | -1 | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | -1 | -3 | -2 | -2 | 0 | -2 | 0 | -1 | -1 | -1 |
| Others ⓘ | 0 | -2 | -2 | 5 | 3 | 0 | -6 | 1 | 3 | -4 |
| Net Cash Flow ⓘ | 2 | 3 | 2 | 1 | 1 | -8 | 2 | -1 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 41.91 | 42.48 | 42.88 | 20.71 | 6.14 | 2.67 | 3.25 | 2.61 | 8.24 | 10.22 |
| ROCE (%) | 44.45 | 48.67 | 57.84 | 27.31 | 8.53 | 4.41 | 4.81 | 4.04 | 10.51 | 12.39 |
| Asset Turnover Ratio | 1.73 | 1.47 | 1.69 | 1.03 | 0.68 | 0.65 | 0.62 | 0.8 | 0.99 | 0.86 |
| PAT to CFO Conversion(x) | 0.8 | 1.43 | 1.3 | 1.13 | 2 | 2 | 4.5 | 4 | 1.5 | 1.67 | Working Capital Days |
| Receivable Days | 15 | 17 | 14 | 17 | 24 | 26 | 27 | 25 | 22 | 27 |
| Inventory Days | 38 | 40 | 39 | 56 | 76 | 91 | 98 | 76 | 66 | 72 |
| Payable Days | 22 | 22 | 29 | 99 | 121 | 149 | 128 | 109 | 87 | 86 |
Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of the company is located at Flat No. 10, `C' wing, 6th Floor, Parsn Manere, 602, Anna Salai, Madras-600 006. The company is already in the line of manufacturing specialty stainless steel fittings at SF No. 112, Mathapur Road, Kaniyur Village, Coimbatore District. Commercial production in phase I, which manufactures these items, started in January 1995. There was an over-run of two months in implementing the project under phase I due to delayed sanction of power by TNEB. The proposed expansion project (phase II) is for diversifying the product line. The company will manufacture Stainless Steel Ball valves, a value added product related to the existing product. Ball valves are used extensively in process industries, air conditioning, drug formulation industries, breweries and potable water service.
Business areas of the company:
The company is currently engaged in the manufacture of stainless steel pipe fittings. This project has been appraised by Indian Bank. The cost of the project was Rs 562 lakh. It was financed by promoters' equity of Rs 230 lakh, a term loan of Rs 315 lakh from Indian Bank, and a subsidy of Rs 17 lakh from the State Government. Commercial production in this phase (I) started in January 1995.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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