Nitin Castings Share Price & Earnings Call Analysis

₹450.00-4.60% today

Market cap: ₹231 Cr
P/E: 28.33
ROE: 12.72%
PEG: 0.90
Price to sales: 1.67
Debt to equity: 0.15
52W high / low: ₹595 / ₹265
Sales growth (5Y): 18.87%
EBITDA margin: 6.85%
Net profit margin: 7.54%
Promoter holding: 71.39%
Sales (last year): ₹139 Cr

All 12 ratios ↓

Incorporated in 1982, Nitin Castings Ltd is in the business of manufacturing Alloy Steel Casting in the range of static centrifugal and investment castings[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹448 Cr	17.9
2		40%+	Up 2%+	₹413 Cr	12.0
3		40%+	Up 2%+	₹324 Cr	22.7
4		40%+	Up 0–2%	₹1,496 Cr	32.8
5		40%+	Up 0–2%	₹1,079 Cr	12.7
6		40%+	Flat	₹827 Cr	21.4

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Financials of Nitin Castings Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Nitin Castings Ltd

Quarterly Results

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 +	29.90	35.77	40.12	33.71	39.15	39.87	38.32	33.80	38.58	35.75	36.45	40.26	34.63
Expenses +	28.04	32.13	36.43	30.76	34.07	35.27	34.31	31.22	35.18	30.24	34.08	38.54	30.87
Operating Profit	1.86	3.64	3.69	2.95	5.08	4.60	4.01	2.58	3.40	5.51	2.37	1.72	3.76
OPM %	6.22%	10.18%	9.20%	8.75%	12.98%	11.54%	10.46%	7.63%	8.81%	15.41%	6.50%	4.27%	10.86%
Other Income +	0.22	1.39	0.83	1.38	-1.63	1.50	1.89	0.72	0.57	2.63	0.39	0.91	-0.37
Interest	0.04	0.03	0.03	0.04	0.09	0.10	0.08	0.13	0.12	0.15	0.15	0.26	0.23
Depreciation	0.40	0.40	0.40	0.43	0.47	0.48	0.52	0.55	0.52	0.55	0.58	0.59	0.60
Profit before tax	1.64	4.60	4.09	3.86	2.89	5.52	5.30	2.62	3.33	7.44	2.03	1.78	2.56
Tax %	57.93%	21.30%	22.00%	22.28%	19.72%	28.26%	20.57%	31.30%	26.43%	23.39%	27.09%	5.06%	31.64%
Net Profit +	0.69	3.63	3.19	3.00	2.31	3.96	4.20	1.80	2.45	5.71	1.48	1.69	1.75
EPS in Rs	1.34	7.06	6.20	5.84	4.49	7.70	8.17	3.50	4.77	11.11	2.88	3.29	3.40

Financials of Nitin Castings Ltd

Profit & Loss

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 +	42	64	61	58	74	64	62	97	133	149	151	147
Expenses +	39	60	56	53	66	58	56	90	124	133	135	134
Operating Profit	3	5	6	5	7	6	6	7	10	15	15	13
OPM %	7%	7%	9%	8%	10%	10%	9%	7%	7%	10%	10%	9%
Other Income +	0	0	1	1	2	1	2	2	1	2	4	4
Interest	0	1	1	1	1	1	1	0	0	0	0	1
Depreciation	1	4	4	4	4	4	2	2	2	2	2	2
Profit before tax	2	0	2	1	3	2	4	7	9	15	17	14
Tax %	33%	75%	32%	4%	29%	22%	17%	21%	42%	21%	26%	23%
Net Profit +	1	0	1	1	2	1	3	5	5	12	12	11
EPS in Rs	3.96	0.11	2.31	1.65	4.55	2.55	6.34	10.04	9.51	23.59	24.14	20.68
Dividend Payout %	13%	350%	22%	31%	11%	0%	8%	5%	8%	13%	12%	0%

Financials of Nitin Castings Ltd

Balance Sheet

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	1	1	3	3	3	3	3	3	3	3	3	3
Reserves	21	41	41	42	43	44	48	53	57	69	80	89
Borrowings +	5	9	10	14	13	7	4	4	10	5	8	14
Other Liabilities +	6	10	8	12	13	13	13	19	22	33	39	35
Total Liabilities	34	61	62	70	71	67	67	78	92	109	129	140
Fixed Assets +	11	21	18	30	30	26	24	23	22	25	30	33
CWIP	0	2	8	0	0	0	0	0	0	0	0	5
Investments	4	2	0	0	0	5	16	17	25	36	47	51
Other Assets +	19	36	36	40	41	36	27	38	45	48	52	51
Total Assets	34	61	62	70	71	67	67	78	92	109	129	140

Financials of Nitin Castings Ltd

Cash Flows

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 +	1	1	3	6	10	10	15	1	1	17	18	9
Cash from Investing Activity +	-3	-1	-3	-7	-4	-5	-12	-2	-8	-13	-19	-13
Cash from Financing Activity +	2	-1	1	2	-4	-7	-5	2	6	-6	1	4
Net Cash Flow	0	-0	0	1	2	-2	-1	2	-1	-1	-0	0
Free Cash Flow	-0	-1	-3	-3	6	9	15	-0	1	13	11	-1
CFO/OP	55%	34%	58%	119%	150%	155%	282%	36%	34%	134%	142%	91%

Financials of Nitin Castings Ltd

Ratios

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	58	75	66	73	59	53	57	48	34	36	35	49
Inventory Days	84	105	128	187	111	158	107	94	93	90	106	95
Days Payable	36	33	31	67	49	60	64	64	46	58	80	78
Cash Conversion Cycle	106	147	162	192	121	151	100	78	81	68	60	67
Working Capital Days	53	71	95	110	86	98	55	46	36	34	19	143
ROCE %	8%	2%	5%	3%	8%	6%	9%	12%	14%	24%	17%	16%

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