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Nitin Castings

  • Market Cap: Micro Cap
  • Industry: Castings/Forgings
  • ISIN: INE861H01020
  • NSEID:
  • BSEID: 508875
INR
650.00
-15 (-2.26%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 8

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

650.00665.95

52 Week

470.50885.00
Valuation
Technical
Day's Volume

CASH

8 (-54.02%) Volume

Shareholding (Dec 2024)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

71.39%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Company has a low Debt to Equity ratio (avg) at 0 times

 
2

Healthy long term growth as Operating profit has grown by an annual rate 42.64%

 
3

Flat results in Dec 24

4

Technical trend is Sideways signifying no clear price momentum

5

With ROE of 18.1, it has a Fair valuation with a 4.4 Price to Book Value

6

Majority shareholders : Promoters

 
7

Consistent Returns over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Castings/Forgings

stock-summary
Market cap

INR 334 Cr (Micro Cap)

stock-summary
P/E

24.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

0.45%

stock-summary
Debt Equity

-0.56

stock-summary
Return on Equity

18.10%

stock-summary
Price to Book

4.37

Revenue and Profits (1 Year):
Net Sales:
34 Cr
(Quarterly Results - Dec 2024)
Net Profit:
2 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.45%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-6.34%
0%
-6.34%
1 Year
2.54%
0.47%
3.01%
2 Years
194.58%
0.99%
195.57%
3 Years
341.73%
2.93%
344.66%
4 Years
983.33%
6.85%
990.18%
5 Years
835.25%
7.81%
843.06%

Latest dividend: 3 per share ex-dividend date: Sep-20-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
16.22%
EBIT Growth (5y)
42.64%
EBIT to Interest (avg)
7.68
Debt to EBITDA (avg)
0.41
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.68
Tax Ratio
24.75%
Dividend Payout Ratio
12.72%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
18.59%
ROE (avg)
10.72%
Valuation key factors
Factor
Value
P/E Ratio
24
Industry P/E
28
Price to Book Value
4.37
EV to EBIT
20.93
EV to EBITDA
18.33
EV to Capital Employed
8.68
EV to Sales
1.97
PEG Ratio
0.69
Dividend Yield
0.45%
ROCE (Latest)
42.90%
ROE (Latest)
18.10%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Shalini Nirmal Kedia (19.17%)

Highest Public shareholder

Punit Gopikishan Makharia (11.86%)

Individual Investors Holdings

22.88%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -11.80% vs -3.89% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -57.14% vs 6.06% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "33.80",
          "val2": "38.32",
          "chgp": "-11.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2.58",
          "val2": "4.00",
          "chgp": "-35.50%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.13",
          "val2": "0.08",
          "chgp": "62.50%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.80",
          "val2": "4.20",
          "chgp": "-57.14%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "7.63%",
          "val2": "10.44%",
          "chgp": "-2.81%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 3.04% vs 10.72% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 19.82% vs 278.33% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "78.20",
          "val2": "75.89",
          "chgp": "3.04%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "8.60",
          "val2": "7.33",
          "chgp": "17.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.18",
          "val2": "0.07",
          "chgp": "157.14%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "8.16",
          "val2": "6.81",
          "chgp": "19.82%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.00%",
          "val2": "9.66%",
          "chgp": "1.34%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 2.19% vs 5.91% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 1.53% vs 133.57% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "112.00",
          "val2": "109.60",
          "chgp": "2.19%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "11.18",
          "val2": "10.28",
          "chgp": "8.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.31",
          "val2": "0.11",
          "chgp": "181.82%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "9.96",
          "val2": "9.81",
          "chgp": "1.53%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.98%",
          "val2": "9.38%",
          "chgp": "0.60%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 11.52% vs 38.20% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 148.06% vs -5.23% in Mar 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "148.75",
          "val2": "133.38",
          "chgp": "11.52%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "15.36",
          "val2": "9.63",
          "chgp": "59.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.20",
          "val2": "0.12",
          "chgp": "66.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-2.37",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "12.13",
          "val2": "4.89",
          "chgp": "148.06%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.33%",
          "val2": "7.22%",
          "chgp": "3.11%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
33.80
38.32
-11.80%
Operating Profit (PBDIT) excl Other Income
2.58
4.00
-35.50%
Interest
0.13
0.08
62.50%
Exceptional Items
0.00
0.00
Standalone Net Profit
1.80
4.20
-57.14%
Operating Profit Margin (Excl OI)
7.63%
10.44%
-2.81%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -11.80% vs -3.89% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -57.14% vs 6.06% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
78.20
75.89
3.04%
Operating Profit (PBDIT) excl Other Income
8.60
7.33
17.33%
Interest
0.18
0.07
157.14%
Exceptional Items
0.00
0.00
Standalone Net Profit
8.16
6.81
19.82%
Operating Profit Margin (Excl OI)
11.00%
9.66%
1.34%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 3.04% vs 10.72% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is 19.82% vs 278.33% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
112.00
109.60
2.19%
Operating Profit (PBDIT) excl Other Income
11.18
10.28
8.75%
Interest
0.31
0.11
181.82%
Exceptional Items
0.00
0.00
Standalone Net Profit
9.96
9.81
1.53%
Operating Profit Margin (Excl OI)
9.98%
9.38%
0.60%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 2.19% vs 5.91% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is 1.53% vs 133.57% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
148.75
133.38
11.52%
Operating Profit (PBDIT) excl Other Income
15.36
9.63
59.50%
Interest
0.20
0.12
66.67%
Exceptional Items
-2.37
0.00
Standalone Net Profit
12.13
4.89
148.06%
Operating Profit Margin (Excl OI)
10.33%
7.22%
3.11%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 11.52% vs 38.20% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is 148.06% vs -5.23% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Nitin Castings Ltd stock-summary
stock-summary
Nitin Castings Ltd
Micro Cap
Castings/Forgings
Nitin Castings Limited, formerly known as 'Aditya Leasing Limited' incorporated on December 3, 1982 was changed to Nitin Alloys Global Limited on June 6, 2006 and further to 'Nitin Castings Limited' on January 3, 2017. Nitin Castings, a part of Kedia Group manufactures and sells Alloys Steel Castings.
Company Coordinates stock-summary
Company Details
202 2nd Flr Sanjay Building, No 3 Sir M V Road Andheri (E) Mumbai Maharashtra : 400059
stock-summary
Tel: 91-22-25985900
stock-summary
http://www.nitincastings.com
stock-summary
finance@nitincastings.com
Registrar Details
Sharex Dynamic (India) Pvt Ltd , Unit -1, Luthra Ind. Premises , Safed Pool, Andheri-Kurla Road, Andheri (E), Mumbai
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