BSE: 532722 | NSE: NITCO | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nitco Ltd is a average quality company.
The key valuation ratios of Nitco 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 Strong which suggest that the price of Nitco Ltd is likely to Rise 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 % ⓘ | -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 | 284 |
| 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 | -23.3 |
| 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 | -80.4 |
| Adj Net Profit ⓘ | -122 | -61 | -32.2 | 19.1 | -46.5 | -83.1 | -124 | -129 | -140 | -157 | -168 |
| 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 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 | 18.6% | 34.1% | 64.6% | 298.9% | ||||
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 | 31.1 |
| Op. Profit Mgn % ⓘ | -1.9 | -0.6 | 1 | 0.7 | 0.4 | -10.1 | -11.7 | -9.5 | -9.8 | -11.5 | -18.1 |
| Net Profit Mgn % ⓘ | -14 | -7.4 | -4.6 | 3.2 | -7.9 | -18.1 | -38.2 | -31.6 | -36.8 | -48.5 | -59.1 |
| 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 |
No data to display
Return on Equity has declined versus last 3 years average to 31.10%
Sales growth has been subdued in last 3 years -0.21%
Sales growth is not so good in last 4 quarters at -26.07%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -23.3 | -24.6 |
| TTM Sales (₹ Cr.) | 284 | 287 |
| BVPS (₹.) ⓘ | -80.4 | -82.2 |
| Reserves (₹ Cr.) ⓘ | -650 | -662 |
| P/BV ⓘ | -1.70 | -1.66 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 30.81 / 148.50 |
| All Time Low / High (₹) | 10.80 / 336.85 |
| Market Cap (₹ Cr.) | 979 |
| Equity (₹ Cr.) | 71.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 42.3 |
| Pledged * | 91.38 | 91.38 | 91.38 | 91.38 | 91.38 | 91.38 | 90.90 | 96.74 | 94.80 | 96.88 |
| 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% |
| 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 |
| 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 |
| 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 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-Company’s processing unit in Silvassa was awarded with ‘Quality Excellence Award’.
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.
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