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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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

Nitco Ltd. Share Price Update

Share PriceValue
Today₹54.98
Previous Day₹53.91

Basic Stock Data of Nitco Ltd

Market Cap 490 Cr.
Current Price 68.2
High / Low68.3/16.4
Stock P/E
Book Value 57.6
Dividend Yield0.00 %
ROCE11.2 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Nitco Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Orient Bell Ltd 533 Cr. 367649/349226 2130.27 %10.4 %7.53 % 10.0
Murudeshwar Ceramics Ltd 320 Cr. 55.671.9/27.048.2 60.40.90 %4.66 %1.92 % 10.0
Somany Ceramics Ltd 2,723 Cr. 664819/46629.8 1930.45 %9.37 %8.57 % 2.00
Industry Average1,192.00 Cr362.20101.33155.470.54%8.14%6.01%7.33

Nitco Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales77107119809012012191741131069281
Expenses88111142899912713598861151229783
Operating Profit-11-4-23-10-9-7-14-7-12-2-16-5-2
OPM %-14%-4%-19%-12%-10%-6%-12%-8%-16%-2%-15%-5%-3%
Other Income1011501-71-6-022
Interest13131515161716171919192224
Depreciation7798887777777
Profit before tax-30-25-45-32-27-31-37-39-36-34-42-32-32
Tax %0%0%-8%0%0%0%0%0%0%0%0%-1%0%
Net Profit-30-25-48-32-27-31-37-39-36-34-42-33-32
EPS in Rs-4.06-3.30-6.73-4.39-3.73-4.25-5.18-5.36-5.03-4.80-5.86-4.56-4.40

Nitco Ltd Quarterly Chart

Nitco Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales939854831885832716610595460327411384391
Expenses854888845883813692606596506376450421417
Operating Profit85-34-14219244-2-46-49-39-37-26
OPM %9%-4%-2%0%2%3%1%-0%-10%-15%-10%-10%-7%
Other Income-34-022-12253228-37-11-2
Interest751541505012814222354647384
Depreciation33424770635081393131302929
Profit before tax-57-231-209-116-57-32162-61-71-136-126-151-141
Tax %-0%-2%-1%-2%-2%-4%-14%2%-2%-3%0%-0%
Net Profit-57-236-211-118-58-34185-60-72-140-126-151-141
EPS in Rs-17.44-72.28-38.59-21.82-11.00-6.1026.29-7.47-10.05-19.05-17.55-21.05-19.62
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:-8%
5 Years:-9%
3 Years:-6%
TTM:-4%
Compounded Profit Growth
10 Years:4%
5 Years:%
3 Years:-19%
TTM:0%
Stock Price CAGR
10 Years:13%
5 Years:8%
3 Years:28%
1 Year:102%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Nitco Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 143-279511193137025351253
Cash from Investing Activity -150-137-14-1-12-10-6-11-4-24-0
Cash from Financing Activity 55396-46-154-25-367-16-36-8-9-3
Net Cash Flow48-20-9-4-0-4-3-2-52-0-1

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.02%53.02%53.02%53.02%53.02%53.02%53.02%53.01%53.01%53.01%53.01%53.01%
FIIs0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.02%
DIIs23.88%23.88%23.88%23.88%23.88%23.88%23.88%23.88%23.88%23.66%22.93%16.07%
Public23.10%23.10%23.10%23.10%23.09%23.10%23.10%23.10%23.11%23.32%24.05%30.87%
No. of Shareholders19,08418,82419,41119,56822,50122,55522,38522,25922,01621,81922,03625,313

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 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-21.05-17.50-18.97-6.62-7.45
Diluted EPS (Rs.)-21.05-17.50-18.97-6.62-7.45
Cash EPS (Rs.)-16.98-13.38-15.20-5.80-2.90
Book Value[Excl.RevalReserv]/Share (Rs.)-51.00-30.00-12.506.9017.02
Book Value[Incl.RevalReserv]/Share (Rs.)-51.00-30.00-12.506.9017.02
Revenue From Operations / Share (Rs.)53.4057.1445.5064.0783.00
PBDIT / Share (Rs.)-4.56-4.43-6.34-5.090.12
PBIT / Share (Rs.)-8.63-8.60-10.62-9.34-5.33
PBT / Share (Rs.)-21.05-17.55-18.08-2.77-8.54
Net Profit / Share (Rs.)-21.05-17.55-19.47-10.05-8.36
NP After MI And SOA / Share (Rs.)-21.05-17.55-19.05-6.60-7.47
PBDIT Margin (%)-8.54-7.74-13.93-7.950.15
PBIT Margin (%)-16.16-15.05-23.33-14.58-6.42
PBT Margin (%)-39.41-30.71-39.73-4.32-10.28
Net Profit Margin (%)-39.41-30.72-42.80-15.68-10.06
NP After MI And SOA Margin (%)-39.41-30.71-41.86-10.30-8.99
Return on Networth / Equity (%)0.000.000.00-74.42-48.02
Return on Capital Employeed (%)37.86473.45-20.60-11.02-4.38
Return On Assets (%)-18.49-14.48-14.82-4.61-4.10
Long Term Debt / Equity (X)-0.57-0.25-4.236.395.36
Total Debt / Equity (X)-2.52-3.33-4.236.655.50
Asset Turnover Ratio (%)0.460.460.330.390.45
Current Ratio (X)0.430.500.851.221.67
Quick Ratio (X)0.430.220.370.550.88
Inventory Turnover Ratio (X)0.390.110.080.120.35
Interest Coverage Ratio (X)-0.44-0.49-0.84-1.580.04
Interest Coverage Ratio (Post Tax) (X)-0.84-0.96-1.49-2.95-1.60
Enterprise Value (Cr.)989.93946.52564.17639.55993.71
EV / Net Operating Revenue (X)2.582.311.731.391.67
EV / EBITDA (X)-30.20-29.76-12.39-17.471076.26
MarketCap / Net Operating Revenue (X)0.360.400.410.190.46
Price / BV (X)-0.39-0.83-1.891.422.50
Price / Net Operating Revenue (X)0.360.400.410.190.46
EarningsYield-1.09-0.76-0.99-0.52-0.19

Nitco Ltd Profitability Ratios (%)

Nitco Ltd Liquidity Ratios

Nitco Ltd Liquidity Ratios (%)

Nitco Ltd Interest Coverage Ratios (%)

Nitco Ltd Valuation Ratios

Fair Value of Nitco Ltd Stock

Fair Value: ₹132.19

The stock is undervalued by 93.83% compared to the current price ₹68.2

*Investments are subject to market risks

Strength and Weakness of Nitco Ltd Stock

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of -8.50 and average Dividend Yield of -15.11%.
    2. The stock has a low average ROCE of -5.50%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 113.58, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 288.08, which may not be favorable.
    5. The company has higher borrowings (69.23) compared to reserves (-72.23), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (633.46) and profit (-94.31).

    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