Nitin Fire Protection Industries Ltd - Stock Valuation and Financial Performance

BSE: 532854 | NSE: NITINFIRE | Engineering - Industrial Equipments | Small Cap

Nitin Fire Protectn Share Price

1.82 0.00 0.00%
as on 10-Feb'22 18:01

DeciZen - make an informed investing decision on Nitin Fire Protectn

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Nitin Fire Protection Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
53.2 Cr.
52-wk low:
1.8
52-wk high:
1.8

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nitin Fire Protection Industries Ltd is a below average quality company.

2. Is undervalued or overvalued?

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

3. Is a good buy now?

No data found

10 Year X-Ray of Nitin Fire Protectn:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nitin Fire Protection Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
ROCE % 18%13.9%21.3%9.5%11.9%9%11.3%8.9%-20.8%-38.6%-
Value Creation
Index
0.30.00.5-0.3-0.2-0.4-0.2-0.4-2.5NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 62.894.214716335245548946026955.24
Sales YoY Gr.-50.1%55.5%11.6%115.4%29.4%7.4%-5.9%-41.6%-79.5%-
Adj EPS 0.50.40.80.40.70.50.4-0-4-6.4-4.1
YoY Gr.--20.8%105.3%-52.6%86.5%-30.4%-27.1%-102.9%NANA-
BVPS (₹) 3.53.74.34.75.15.15.55.71-5.5-13.2
Adj Net
Profit
14.311.123.110.820.214.210.2-0.4-116-187-121
Cash Flow from Ops. 7.6-28.2-31.4-93.833.2-28.922.4-33.6135-110-
Debt/CF from Ops. 0.4-1.4-1.5-1.96.6-8.813.2-10.11.8-5.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.4%-31%-51.7%-79.5%
Adj EPS -233.4%-256.2%-363.6%NA
BVPS-205.3%-201.7%-200.2%-636.9%
Share Price -26.3% 31.7% 8.6% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
Return on
Equity %
14.510.519.58.2149.56.6-0.2-117.9284.744.2
Op. Profit
Mgn %
2418.212.214.69.98.67.88.3-25.5-234.6-214.3
Net Profit
Mgn %
22.711.815.76.65.73.12.1-0.1-43.1-339.5-2749.4
Debt to
Equity
00.40.41.31.51.71.828.3-3.4-
Working Cap
Days
1922492984302612573093716022,825828
Cash Conv.
Cycle
46901682982021751772343231,231-80,863

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Nitin Fire Protection Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -4.1 -5.7
TTM Sales (₹ Cr.) 4.4 888
BVPS (₹.) -13.2 11.8
Reserves (₹ Cr.) -443 286
P/BV -0.14 0.15
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.82 / 1.82
All Time Low / High (₹) 0.31 / 66.75
Market Cap (₹ Cr.) 53.2
Equity (₹ Cr.) 58.5
Face Value (₹) 2
Industry PE 57.7

Management X-Ray of Nitin Fire Protectn:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.3921.3921.3921.3921.3921.3953.6853.6853.6853.68
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nitin Fire Protectn

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Sales62.7894.21146.50163.47352.06455.44488.97460.36268.7455.20
Operating Expenses 48.0777.06127.72141.03319.17416.24451.20422.23348.29192.18
Manufacturing Costs1.590.811.493.233.343.573.302.162.142.32
Material Costs37.2466.12115.87119.70297.23392.88426.74398.85256.3059.65
Employee Cost 2.163.174.296.686.878.317.498.038.257.84
Other Costs 7.096.956.0711.4211.7311.4813.6813.2081.60122.36
Operating Profit 14.7117.1518.7822.4432.8939.1937.7738.13-79.55-136.98
Operating Profit Margin (%) 23.4%18.2%12.8%13.7%9.3%8.6%7.7%8.3%-29.6%-248.0%
Other Income 3.710.9315.751.8910.801.2113.3810.943.0511.64
Interest 1.123.185.9810.7418.712131.5434.7242.6761.69
Depreciation 0.470.480.2811.051.162.506.564.704.42
Exceptional Items 0000-1.73-4.450000
Profit Before Tax 16.8314.4128.2712.5922.2013.8017.107.79-123.87-191.45
Tax 2.812.664.552.534.662.823.532.35-0.270.52
Profit After Tax 14.0211.7523.7210.0617.5410.9813.575.44-123.60-191.97
PAT Margin (%) 22.3%12.5%16.2%6.2%5.0%2.4%2.8%1.2%-46.0%-347.0%
Adjusted EPS (₹)0.50.40.80.30.60.40.50.2-4.2-6.6
Dividend Payout Ratio (%)27%38%27%88%25%40%43%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18

Equity and Liabilities

Shareholders Fund 103.07109.54126.41138.13150.42148.50161.28166.7129.97-161.61
Share Capital 12.6012.6012.6044.1144.1143.8458.4558.4558.4558.45
Reserves 90.4796.94113.8094.01106.31104.66102.82108.26-28.48-220.06
Minority Interest0000000000
Debt3.3239.2447.91180.27220.71255.57292.79326.51230.17540.06
Long Term Debt3.3239.24000.070.0122.9957.323924.60
Short Term Debt0047.91180.27220.64255.56269.80269.18191.18515.46
Trade Payables15.9722.4426.6213.5134.0326.53108.6567.59205.9295.67
Others Liabilities 6.078.6519.7816.2910.1525.2526.9127.0831.3553.49
Total Liabilities 128.44179.86220.71348.20415.31455.85589.63587.89497.42527.61

Fixed Assets

Gross Block8.508.788.5519.4721.7922.1632.1453.1337.7139.09
Accumulated Depreciation5.265.745.878.369.2410.4511.1315.524.709
Net Fixed Assets3.243.042.6811.1012.5511.7221.0137.6133.0230.09
CWIP 00021.0122.7523.1801.621.990
Investments 84.9186.7663.8465.5859.1912.9657.5457.5453.8353.45
Inventories10.4419.0639.45145.4275.7494118.82134.7489.1865.34
Trade Receivables14.7152.0982.5446.40175.55158.61253.70278.26252.93184.57
Cash Equivalents 1.170.594.6015.1453.0233.9856.0210.972.172.72
Others Assets13.9818.3227.6043.5316.51121.4082.5467.1464.29191.45
Total Assets 128.44179.86220.71348.20415.31455.85589.63587.89497.42527.61

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Cash Flow From Operating Activity 7.59-28.15-31.42-93.7833.24-28.9222.39-33.56135.05-109.61
PBT 16.8314.4128.2712.5922.2013.8017.107.79-123.87-191.45
Adjustment -1.612.55-8.0211.3714.9322.8231.8235.49113.90170.73
Changes in Working Capital -4.55-42.66-48.17-112.41-0.01-61.89-24.88-75.39144.76-89.12
Tax Paid -3.08-2.45-3.50-5.33-3.88-3.66-1.65-1.450.260.23
Cash Flow From Investing Activity -20.65-1.7237.87-24.89-3.711.83-9.70-16.092.2713.29
Capex -0.15-0.31-0.01-12.86-4.32-0.82-11.53-22.50-1.020.48
Net Investments -4.91-0.94-1.76-7.713.201.101.51000.21
Others -15.59-0.4739.64-4.32-2.581.550.326.403.3012.61
Cash Flow From Financing Activity -3.0429.92-2.41124.3811.196.8310.062.01-142.3596.76
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000040.6025.9942.36-10.76-18.01
Interest Paid -1.46-2.29-5.96-9.76-19.47-20.92-31.54-33.25-44.10-39.69
Dividend Paid -2.94-3.99-5.15-6.74-10.25-5.160-5.84-0.010
Others 1.3736.208.70140.8740.90-7.7015.61-1.26-87.49154.46
Net Cash Flow -16.100.054.045.7140.72-20.2722.76-47.64-5.030.44
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Ratios
ROE (%)14.4511.1620.257.6512.217.378.793.33-126.03N/A
ROCE (%)18.0113.921.319.511.898.9911.318.85-20.75N/A
Asset Turnover Ratio0.520.610.730.570.921.050.940.780.50.11
PAT to CFO Conversion(x)0.54-2.4-1.32-9.321.9-2.631.65-6.17N/AN/A
Working Capital Days
Receivable Days781291681441151341542113611,446
Inventory Days5157732061156879101152511
Payable Days102106775928285881195923

Nitin Fire Protection Industries Ltd Stock News

Nitin Fire Protection Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nitin Fire Protectn on 10-Feb-2022 18:01 is ₹1.82.
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 10-Feb-2022 18:01 the market cap of Nitin Fire Protectn stood at ₹53.19.
The latest P/E ratio of Nitin Fire Protectn as of 10-Feb-2022 18:01 is 0.00.
The latest P/B ratio of Nitin Fire Protectn as of 10-Feb-2022 18:01 is -0.14.
The 52-week high of Nitin Fire Protectn is ₹1.82 and the 52-week low is ₹1.82.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitin Fire Protectn is ₹4.39 ( Cr.) .

About Nitin Fire Protection Industries Ltd

Nitin Fire Protection Industries (NFPIL) is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India. It has been operational for the past two decades. Since the company’s inception, its chairman who has experience in this field has streamed the company’s growth and its profit.

Product of the company

  • Fire Extinguishers
  • Gaseous Fire Suppression Systems
  • Fire Fighting Equipment
  • Fire Detection & Alarm Systems
  • Security Systems
  • High Pressure Seamless Cylinders
  • CNG Cascades
  • Cryogenic Tanks

Certification and Awards

  • ISO 9001 : 2000
  • Loss Prevention Certification

Subsidiaries

  • Alert-Fire Protection Systems
  • Eurotech Corporation
  • Eurotech Cylinders
  • Logicon building Systems
  • Nitin Cylinders
  • Nitin Ventures FZE

Milestones

  • 1980 - Nitin Industries was founded by Nitin Shah, who started the business with manufacturing of fire extinguishers and fire fighting equipment. The company continued its journey by gaining expertise in the field of fire fighting equipments, fire detection & protection.
  • 1995 - After the flourishing presence in the industry for more than a decade, Nitin Industries name was changed to Nitin Fire Protection Industries (NFPIL). The new company took over as a rising industry with all the assets and liabilities of Nitin Industries.
  • 1996 - NFPIL was the first company in India to have its own refilling station for Halon 1301, Halon 1211, FM200, duly approved by Chief Controller of Explosives (CCOE), Nagpur, India.
  • 2004 - NFPIL is associated with Beijing Tianhai Industry Company Ltd. (BTIC), China for contract manufacturing of high-pressure seamless cylinders for industrial gases viz. oxygen, nitrogen, argon, hydrogen, etc, compressed natural gas (CNG), fire fighting applications and beverage use. BTIC has the manufacturing capacity of 1.5 million high-pressure seamless cylinders per annum. The fruitful association has strengthened in the years and NFPIL is one of the leaders in the field of high-pressure seamless cylinders.
  • 2006 - NFPIL diversified into the compressed natural gas (CNG) sector by laying the foundation of one of its group company named Nitin Cylinders, a manufacturer of high-pressure seamless cylinders, having manufacturing facility at Vishakapatnam SEZ, Andhra Pradesh was incorporated in September 2006.
  • 2007 - NFPIL has joined with major petroleum companies, which are engaged in exploration and prospecting of crude oil block in Rajasthan under the New Exploration and Licensing Policy (NELP - VI) of the Union government.
  • 2008 - NFPIL’s 100% subsidiary -- Nitin Ventures FZE (UAE) -- acquired 40% stake in a Dubai-based fire protection company ‘New Age Company LLC’ a professional fire protection engineering company providing equipment, fire protection system, fire detection system, emergency lighting system, water mist fire protection system, etc. with over three decades of experience and wide range of installed base. New Age Company LLC was established in 1976 at UAE and having office and representation in Abu Dhabi, Dubai, Sharjah, with experience in Installation in all seven emirates.
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