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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Nitco Ltd

About the Company - Nitco Ltd

Nitco Ltd. is a Public Limited Listed company incorporated on 25/07/1966 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L26920MH1966PLC016547 and registration number is 016547. Currently Company is involved in the business activities of Manufacture of ceramic products. Company’s Total Operating Revenue is Rs. 408.67 Cr. and Equity Capital is Rs. 71.86 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/SanitarywarePlot No. 3, NITCO House, Kanjur Village Road, Mumbai Maharashtra 400072investorgrievances@nitco.in
http://www.nitco.in
Management
NamePosition Held
Mr. Vivek TalwarChairman & Managing Director
Ms. Poonam TalwarNon Executive Director
Mr. Ajay BakshiIndependent Director
Mr. Harsh KediaIndependent Director
Mr. Santhosh Kumar ShetIndependent Director
Ms. Priyanka AgarwalIndependent Director

Basic Stock Data of Nitco Ltd

Last Updated: July 24, 2024, 10:50 pm

Market Cap 512 Cr.
Current Price 70.7
High / Low89.1/16.8
Stock P/E
Book Value 71.3
Dividend Yield0.00 %
ROCE14.0 %
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Nitco Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Carysil Ltd 2,274 Cr. 8001,151/59339.3 1320.25 %16.9 %17.6 % 2.00
Somany Ceramics Ltd 3,128 Cr. 764873/56132.2 1760.39 %14.4 %12.9 % 2.00
Orient Bell Ltd 584 Cr. 399506/301545 2150.13 %0.97 %0.34 % 10.0
Nitco Ltd 512 Cr. 70.789.1/16.8 71.30.00 %14.0 %% 10.0
Murudeshwar Ceramics Ltd 365 Cr. 60.371.9/38.371.1 60.20.83 %4.77 %1.44 % 10.0
Industry Average5,957.00 Cr589.23149.12125.300.37%11.99%26.40%5.83

Nitco Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10711980901201219174113106928180
Expenses11114289991271359886115122978395
Operating Profit-4-23-10-9-7-14-7-12-2-16-5-2-14
OPM %-4%-19%-12%-10%-6%-12%-8%-16%-2%-15%-5%-3%-18%
Other Income011501-71-6-0221
Interest13151516171617191919222424
Depreciation7988877777777
Profit before tax-25-45-32-27-31-37-39-36-34-42-32-32-45
Tax %0%-8%0%0%0%0%0%0%0%0%-1%0%0%
Net Profit-25-48-32-27-31-37-39-36-34-42-33-32-45
EPS in Rs-3.30-6.73-4.39-3.73-4.25-5.18-5.36-5.03-4.80-5.86-4.56-4.40-6.07

Last Updated: July 10, 2024, 11:46 am

Nitco Ltd Quarterly Chart

Nitco Ltd Profit & Loss

Last Updated: July 10, 2024, 11:46 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales939854831885832716610595460327411384359
Expenses854888845883813692606596506376450421397
Operating Profit85-34-14219244-2-46-49-39-37-37
OPM %9%-4%-2%0%2%3%1%-0%-10%-15%-10%-10%-10%
Other Income-34-022-12253228-37-114
Interest751541505012814222354647389
Depreciation33424770635081393131302929
Profit before tax-57-231-209-116-57-32162-61-71-136-126-151-151
Tax %-0%-2%-1%-2%-2%-4%-14%2%-2%-3%-0%-0%
Net Profit-57-236-211-118-58-34185-60-72-140-126-151-152
EPS in Rs-17.44-72.28-38.59-21.82-11.00-6.1026.29-7.47-10.05-19.05-17.55-21.05-20.89
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Nitco Ltd Profit & Loss Yearly Chart

Nitco Ltd Growth

Compounded Sales Growth
10 Years:-9%
5 Years:-11%
3 Years:0%
TTM:-15%
Compounded Profit Growth
10 Years:2%
5 Years:%
3 Years:-9%
TTM:-20%
Stock Price CAGR
10 Years:15%
5 Years:19%
3 Years:39%
1 Year:309%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: July 9, 2024, 10:23 pm

Nitco Ltd Balance Sheet

Last Updated: July 10, 2024, 11:46 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33335555555572727272727272
Reserves44623936-92-153-1847622-8-144-270-421-486
Preference Capital000000150150150150150150
Borrowings7311,2221,2981,3361,3511,335728735582608662732911
Other Liabilities561207267251278280471478382388408435289
Total Liabilities1,7701,7011,6551,5501,5311,4851,3481,3081,028923871818786
Fixed Assets741818782712666624548518458396368341328
CWIP67106334655444
Investments0000000000000
Other Assets1,022876864831862858795783565522499472453
Total Assets1,7701,7011,6551,5501,5311,4851,3481,3081,028923871818786

Nitco Ltd Reserves and Borrowings Chart

Nitco Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -279511193137025351253-9
Cash from Investing Activity -137-14-1-12-10-6-11-4-24-0-0
Cash from Financing Activity 396-46-154-25-367-16-36-8-9-35
Net Cash Flow-20-9-4-0-4-3-2-52-0-1-4

Nitco Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3741575169771211291151118670
Inventory Days465405432374392438403350294385279302
Days Payable32864119124143146186211173183159189
Cash Conversion Cycle174381370301318369338268235313206184
Working Capital Days11627511540-2-9420914478231146105
ROCE %5%-6%-4%-5%-3%-2%-6%-4%-8%-11%-11%-11%

Nitco Ltd Financial Efficiency Indicators Chart

Nitco Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters53.02%53.02%53.02%53.02%53.02%53.01%53.01%53.01%53.01%53.01%50.18%47.93%
FIIs0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.14%
DIIs23.88%23.88%23.88%23.88%23.88%23.88%23.88%23.66%22.93%16.07%15.89%15.19%
Public23.10%23.10%23.09%23.10%23.10%23.10%23.11%23.32%24.05%30.87%33.90%36.73%
No. of Shareholders19,41119,56822,50122,55522,38522,25922,01621,81922,03625,31324,43821,070

Nitco Ltd Shareholding Pattern Chart

No. of Nitco Ltd Shareholders

This stock is not held by any mutual fund

Nitco Ltd ROCE Trend

Nitco Ltd EPS Trend

Nitco Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-22.68-21.05-17.50-18.97-6.62
Diluted EPS (Rs.)-22.68-21.05-17.50-18.97-6.62
Cash EPS (Rs.)-18.62-16.98-13.38-15.20-5.80
Book Value[Excl.RevalReserv]/Share (Rs.)-73.67-51.00-30.00-12.506.90
Book Value[Incl.RevalReserv]/Share (Rs.)-73.67-51.00-30.00-12.506.90
Revenue From Operations / Share (Rs.)45.2653.4057.1445.5064.07
PBDIT / Share (Rs.)-5.29-4.56-4.43-6.34-5.09
PBIT / Share (Rs.)-9.35-8.63-8.60-10.62-9.34
PBT / Share (Rs.)-22.64-21.05-17.55-18.08-2.77
Net Profit / Share (Rs.)-22.68-21.05-17.55-19.47-10.05
NP After MI And SOA / Share (Rs.)-22.68-21.05-17.55-19.05-6.60
PBDIT Margin (%)-11.68-8.54-7.74-13.93-7.95
PBIT Margin (%)-20.65-16.16-15.05-23.33-14.58
PBT Margin (%)-50.02-39.41-30.71-39.73-4.32
Net Profit Margin (%)-50.11-39.41-30.72-42.80-15.68
NP After MI And SOA Margin (%)-50.11-39.41-30.71-41.86-10.30
Return on Networth / Equity (%)0.000.000.000.00-74.42
Return on Capital Employeed (%)20.5337.86473.45-20.60-11.02
Return On Assets (%)-22.31-18.49-14.48-14.82-4.61
Long Term Debt / Equity (X)-0.39-0.14-0.25-4.236.39
Total Debt / Equity (X)-1.90-2.09-3.33-4.236.65
Asset Turnover Ratio (%)0.420.450.460.330.39
Current Ratio (X)0.340.430.500.851.22
Quick Ratio (X)0.110.170.220.370.55
Inventory Turnover Ratio (X)0.170.160.110.080.12
Interest Coverage Ratio (X)-0.39-0.44-0.49-0.84-1.58
Interest Coverage Ratio (Post Tax) (X)-0.70-0.84-0.96-1.49-2.95
Enterprise Value (Cr.)1347.98989.93946.52564.17639.55
EV / Net Operating Revenue (X)4.142.582.311.731.39
EV / EBITDA (X)-35.46-30.20-29.76-12.39-17.47
MarketCap / Net Operating Revenue (X)1.230.360.400.410.19
Price / BV (X)-0.78-0.39-0.83-1.891.42
Price / Net Operating Revenue (X)1.230.360.400.410.19
EarningsYield-0.40-1.09-0.76-0.99-0.52

Nitco Ltd Profitability Ratios (%)

Nitco Ltd Liquidity Ratios

Nitco Ltd Liquidity Ratios (%)

Nitco Ltd Interest Coverage Ratios (%)

Nitco Ltd Valuation Ratios

Fair Value

Fair Value: 163.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 131.45% compared to the current price 70.7

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 99.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 41.18% compared to the current price 70.7

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -39.00%

*Investments are subject to market risks

Strength and Weakness of Nitco Ltd Stock

StrengthWeakness
    1. The stock has a low average ROCE of -5.50%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 113.58, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 288.08, which may not be favorable.
    4. The company has higher borrowings (1,038.50) compared to reserves (-123.58), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (631.00) and profit (-95.08).

    FAQ

    What is the latest fair value of Nitco Ltd?

    The latest fair value of Nitco Ltd is ₹163.63.

    What is the Market Cap of Nitco Ltd?

    The Market Cap of Nitco Ltd is 512 Cr..

    What is the current Stock Price of Nitco Ltd as on 25 July 2024?

    The current stock price of Nitco Ltd as on 25 July 2024 is 70.7.

    What is the High / Low of Nitco Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Nitco Ltd stocks is 89.1/16.8.

    What is the Stock P/E of Nitco Ltd?

    The Stock P/E of Nitco Ltd is .

    What is the Book Value of Nitco Ltd?

    The Book Value of Nitco Ltd is 71.3.

    What is the Dividend Yield of Nitco Ltd?

    The Dividend Yield of Nitco Ltd is 0.00 %.

    What is the ROCE of Nitco Ltd?

    The ROCE of Nitco Ltd is 14.0 %.

    What is the ROE of Nitco Ltd?

    The ROE of Nitco Ltd is %.

    What is the Face Value of Nitco Ltd?

    The Face Value of Nitco Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nitco Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE