Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Nitco
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 105.78 | 92.43 | 80.53 | 80.49 | 71.78 | 70.22 | 66.01 | 84.63 | 93.54 | 150.22 | 107.70 | 131.76 | 152.33 |
| Expenses + | 121.94 | 97.39 | 82.70 | 94.63 | 93.37 | 81.01 | 78.78 | 89.65 | 99.69 | 100.60 | 121.41 | 137.78 | 157.26 |
| Operating Profit | -16.16 | -4.96 | -2.17 | -14.14 | -21.59 | -10.79 | -12.77 | -5.02 | -6.15 | 49.62 | -13.71 | -6.02 | -4.93 |
| OPM % | -15.28% | -5.37% | -2.69% | -17.57% | -30.08% | -15.37% | -19.35% | -5.93% | -6.57% | 33.03% | -12.73% | -4.57% | -3.24% |
| Other Income + | -0.09 | 1.71 | 1.83 | 0.56 | 0.76 | 1.16 | 12.77 | -472.60 | 10.18 | 3.47 | 3.50 | -1.40 | 2.32 |
| Interest | 18.81 | 21.95 | 23.97 | 24.23 | 25.38 | 26.74 | 27.39 | 12.67 | 3.38 | 2.53 | 2.38 | 2.48 | 2.92 |
| Depreciation | 7.07 | 7.24 | 7.33 | 7.34 | 7.25 | 7.15 | 7.22 | 169.88 | 3.55 | 3.11 | -13.53 | 2.06 | 2.23 |
| Profit before tax | -42.13 | -32.44 | -31.64 | -45.15 | -53.46 | -43.52 | -34.61 | -660.17 | -2.90 | 47.45 | 0.94 | -11.96 | -7.76 |
| Tax % | 0.00% | 1.02% | 0.00% | 0.00% | -0.11% | 0.00% | 0.00% | 0.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.39% |
| Net Profit + | -42.13 | -32.77 | -31.65 | -45.15 | -53.41 | -43.52 | -34.61 | -660.18 | -2.90 | 47.46 | 0.94 | -11.96 | -7.79 |
| EPS in Rs | -5.86 | -4.56 | -4.40 | -6.07 | -7.65 | -6.06 | -4.81 | -91.87 | -0.12 | 2.08 | 0.04 | -0.52 | -0.32 |
Financials of Nitco
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 885 | 832 | 716 | 610 | 595 | 460 | 327 | 411 | 384 | 325 | 314 | 542 |
| Expenses + | 883 | 813 | 692 | 606 | 596 | 506 | 376 | 450 | 421 | 368 | 349 | 517 |
| Operating Profit | 2 | 19 | 24 | 4 | -2 | -46 | -49 | -39 | -37 | -43 | -35 | 25 |
| OPM % | 0% | 2% | 3% | 1% | -0% | -10% | -15% | -10% | -10% | -13% | -11% | 5% |
| Other Income + | 2 | -1 | 2 | 253 | 2 | 28 | -3 | 7 | -11 | 5 | -448 | 8 |
| Interest | 50 | 12 | 8 | 14 | 22 | 23 | 54 | 64 | 73 | 96 | 70 | 10 |
| Depreciation | 70 | 63 | 50 | 81 | 39 | 31 | 31 | 30 | 29 | 29 | 188 | -6 |
| Profit before tax | -116 | -57 | -32 | 162 | -61 | -71 | -136 | -126 | -151 | -163 | -741 | 29 |
| Tax % | 2% | 2% | 4% | -14% | -2% | 2% | 3% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -118 | -58 | -34 | 185 | -60 | -72 | -140 | -126 | -151 | -163 | -741 | 29 |
| EPS in Rs | -21.82 | -11.00 | -6.10 | 26.29 | -7.47 | -10.05 | -19.05 | -17.55 | -21.05 | -22.68 | -32.40 | 1.20 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Nitco
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 55 | 55 | 55 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 229 | 241 |
| Reserves | -92 | -153 | -184 | 93 | 40 | -8 | -144 | -270 | -421 | -584 | 18 | 124 |
| Borrowings + | 1,336 | 1,351 | 1,335 | 878 | 885 | 732 | 758 | 812 | 882 | 973 | 291 | 314 |
| Other Liabilities + | 251 | 278 | 280 | 304 | 311 | 232 | 238 | 258 | 285 | 269 | 384 | 411 |
| Total Liabilities | 1,550 | 1,531 | 1,485 | 1,348 | 1,308 | 1,028 | 923 | 871 | 818 | 730 | 921 | 1,090 |
| Fixed Assets + | 712 | 666 | 624 | 548 | 518 | 458 | 396 | 368 | 341 | 314 | 137 | 120 |
| CWIP | 6 | 3 | 3 | 4 | 6 | 5 | 5 | 4 | 4 | 4 | 4 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Other Assets + | 831 | 862 | 858 | 795 | 783 | 565 | 522 | 499 | 472 | 412 | 779 | 958 |
| Total Assets | 1,550 | 1,531 | 1,485 | 1,348 | 1,308 | 1,028 | 923 | 871 | 818 | 730 | 921 | 1,090 |
Financials of Nitco
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 11 | 9 | 31 | 370 | 25 | 35 | 12 | 5 | 3 | -9 | -148 | -153 |
| Cash from Investing Activity + | -1 | -12 | -10 | -6 | -11 | -4 | -2 | 4 | -0 | -0 | 4 | -10 |
| Cash from Financing Activity + | -15 | 4 | -25 | -367 | -16 | -36 | -8 | -9 | -3 | 5 | 228 | 102 |
| Net Cash Flow | -4 | -0 | -4 | -3 | -2 | -5 | 2 | -0 | -1 | -4 | 84 | -60 |
| Free Cash Flow | 9 | -4 | 21 | 364 | 14 | 31 | 10 | 8 | 2 | -9 | -142 | -162 |
| CFO/OP | 650% | 51% | 126% | 11,001% | -1,423% | -50% | -24% | -12% | -8% | 20% | 422% | -612% |
Financials of Nitco
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 69 | 77 | 121 | 129 | 115 | 111 | 86 | 70 | 42 | 75 | 113 |
| Inventory Days | 374 | 392 | 438 | 403 | 350 | 294 | 385 | 279 | 302 | 345 | 572 | 448 |
| Days Payable | 124 | 143 | 146 | 186 | 211 | 173 | 183 | 159 | 189 | 224 | 142 | 118 |
| Cash Conversion Cycle | 301 | 318 | 369 | 338 | 268 | 235 | 313 | 206 | 184 | 162 | 505 | 444 |
| Working Capital Days | 1 | -60 | -160 | 200 | 134 | 65 | -104 | -397 | -543 | -788 | 274 | 294 |
| ROCE % | -5% | -3% | -2% | -6% | -4% | -8% | -11% | -11% | -11% | -14% | -43% | 7% |
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