Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:24 am
Author: Getaka|Social: XLinkedIn

Nitco Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹85.47Fairly Valued by 1.87%vs CMP ₹87.10

P/E (52.9) × ROE (15.0%) × BV (₹13.20) × DY (2.00%)

Defaults: ROE=15%

₹57.00Overvalued by 34.56%vs CMP ₹87.10
MoS: -52.8% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹155.6525%Under (+78.7%)
Graham NumberEarnings₹20.9719%Over (-75.9%)
DCFCash Flow₹23.0515%Over (-73.5%)
Net Asset ValueAssets₹13.1810%Over (-84.9%)
EV/EBITDAEnterprise₹53.4113%Over (-38.7%)
Earnings YieldEarnings₹14.8010%Over (-83%)
Revenue MultipleRevenue₹6.858%Over (-92.1%)
Consensus (7 models)₹57.00100%Overvalued
Key Drivers: EPS CAGR 82.1% lifts DCF — verify sustainability. | Wide model spread (₹7–₹156) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 82.1% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

51
Nitco Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 42.9% ExcellentROE 0.0% WeakD/E -4.23 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money70/100 · Strong
FII holding up 1.77% (6mo) AccumulatingPromoter holding at 16.2% Stable
Earnings Quality40/100 · Moderate
OPM stable around -12% SteadyWorking capital: 274 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): +65% YoY Accelerating
Industry Rank45/100 · Moderate
P/E 52.9 vs industry 34.8 Premium to peersROCE 42.9% vs industry 12.4% Above peers3Y sales CAGR: -9% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:24 am

Market Cap 1,996 Cr.
Current Price 87.1
Intrinsic Value₹57.00
High / Low 164/64.0
Stock P/E52.9
Book Value 13.2
Dividend Yield0.00 %
ROCE42.9 %
ROE%
Face Value 10.0
PEG Ratio0.64

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nitco Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nitco Ltd 1,996 Cr. 87.1 164/64.052.9 13.20.00 %42.9 %% 10.0
Carysil Ltd 2,255 Cr. 793 1,072/51224.9 1990.30 %15.4 %14.5 % 2.00
Asian Granito India Ltd 1,732 Cr. 58.4 78.8/39.233.5 62.20.00 %2.17 %2.10 % 10.0
Somany Ceramics Ltd 1,492 Cr. 364 624/33223.1 1910.82 %11.5 %8.17 % 2.00
Orient Bell Ltd 380 Cr. 258 350/21742.4 2170.19 %2.38 %0.90 % 10.0
Industry Average3,347.44 Cr727.6534.82200.520.55%12.44%14.63%6.10

All Competitor Stocks of Nitco Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1131069281807270668594150108132
Expenses 11512297839593817990100101121138
Operating Profit -2-16-5-2-14-22-11-13-5-650-14-6
OPM % -2%-15%-5%-3%-18%-30%-15%-19%-6%-7%33%-13%-5%
Other Income -6-02211113-4731034-1
Interest 1919222424252727133322
Depreciation 7777777717043-142
Profit before tax -34-42-32-32-45-53-44-35-660-3471-12
Tax % 0%0%1%0%0%-0%0%0%0%0%0%0%0%
Net Profit -34-42-33-32-45-53-44-35-660-3471-12
EPS in Rs -4.80-5.86-4.56-4.40-6.07-7.65-6.06-4.81-91.87-0.122.080.04-0.52

Last Updated: March 3, 2026, 4:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 831885832716610595460327411384325314483
Expenses 845883813692606596506376450421368349459
Operating Profit -14219244-2-46-49-39-37-43-3524
OPM % -2%0%2%3%1%-0%-10%-15%-10%-10%-13%-11%5%
Other Income 22-12253228-37-115-44816
Interest 15050128142223546473967011
Depreciation 4770635081393131302929188-5
Profit before tax -209-116-57-32162-61-71-136-126-151-163-74134
Tax % 1%2%2%4%-14%-2%2%3%0%0%0%0%
Net Profit -211-118-58-34185-60-72-140-126-151-163-74134
EPS in Rs -38.59-21.82-11.00-6.1026.29-7.47-10.05-19.05-17.55-21.05-22.68-32.401.48
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)44.08%50.85%41.38%644.12%-132.43%-20.00%-94.44%10.00%-19.84%-7.95%-354.60%
Change in YoY Net Profit Growth (%)0.00%6.77%-9.47%602.74%-776.55%112.43%-74.44%104.44%-29.84%11.89%-346.65%

Nitco Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-10%
5 Years:-7%
3 Years:-9%
TTM:30%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-8%
Stock Price CAGR
10 Years:15%
5 Years:44%
3 Years:70%
1 Year:35%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 11:45 am

Balance Sheet

Last Updated: January 7, 2026, 4:09 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555572727272727272229229
Reserves 36-92-153-1849340-8-144-270-421-5841873
Borrowings 1,2981,3361,3511,335878885732758812882973291306
Other Liabilities 267251278280304311232238258285269384378
Total Liabilities 1,6551,5501,5311,4851,3481,3081,028923871818730921987
Fixed Assets 782712666624548518458396368341314137117
CWIP 10633465544445
Investments 0000000000011
Other Assets 864831862858795783565522499472412779864
Total Assets 1,6551,5501,5311,4851,3481,3081,028923871818730921987

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 511193137025351253-9-148
Cash from Investing Activity + -14-1-12-10-6-11-4-24-0-04
Cash from Financing Activity + -46-154-25-367-16-36-8-9-35228
Net Cash Flow -9-4-0-4-3-2-52-0-1-484
Free Cash Flow 379-42136414311082-9-142
CFO/OP -398%650%51%126%11,001%-1,423%-50%-24%-12%-8%20%422%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-15.001.0018.0023.00-874.00-887.00-778.00-807.00-851.00-919.00-1,016.00-326.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5751697712112911511186704275
Inventory Days 432374392438403350294385279302343569
Days Payable 119124143146186211173183159189223141
Cash Conversion Cycle 370301318369338268235313206184162502
Working Capital Days 871-60-16020013465-104-397-543-788274
ROCE %-4%-5%-3%-2%-6%-4%-8%-11%-11%-11%-14%-43%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 53.01%53.01%53.01%50.18%47.93%47.81%46.78%46.78%16.23%16.23%16.21%16.21%
FIIs 0.00%0.00%0.02%0.02%0.14%0.21%0.85%1.97%0.41%2.05%2.30%2.18%
DIIs 23.66%22.93%16.07%15.89%15.19%14.04%8.39%5.98%1.88%2.35%2.24%1.68%
Public 23.32%24.05%30.87%33.90%36.73%37.92%43.96%45.26%81.48%79.35%79.25%79.93%
No. of Shareholders 21,81922,03625,31324,43821,07021,22322,02822,90222,29021,99725,09525,736

Shareholding Pattern Chart

No. of Shareholders

Nitco Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -74.09-22.68-21.05-17.50-18.97
Diluted EPS (Rs.) -74.09-22.68-21.05-17.50-18.97
Cash EPS (Rs.) -24.20-18.62-16.98-13.38-15.20
Book Value[Excl.RevalReserv]/Share (Rs.) 10.78-73.67-51.00-30.00-12.50
Book Value[Incl.RevalReserv]/Share (Rs.) 10.78-73.67-51.00-30.00-12.50
Revenue From Operations / Share (Rs.) 13.7445.2653.4057.1445.50
PBDIT / Share (Rs.) -0.93-5.29-4.56-4.43-6.34
PBIT / Share (Rs.) -9.14-9.35-8.63-8.60-10.62
PBT / Share (Rs.) -32.41-22.64-21.05-17.55-18.08
Net Profit / Share (Rs.) -32.41-22.68-21.05-17.55-19.47
NP After MI And SOA / Share (Rs.) -32.40-22.68-21.05-17.55-19.05
PBDIT Margin (%) -6.80-11.68-8.54-7.74-13.93
PBIT Margin (%) -66.53-20.65-16.16-15.05-23.33
PBT Margin (%) -235.75-50.02-39.41-30.71-39.73
Net Profit Margin (%) -235.75-50.11-39.41-30.72-42.80
NP After MI And SOA Margin (%) -235.74-50.11-39.41-30.71-41.86
Return on Networth / Equity (%) -300.520.000.000.000.00
Return on Capital Employeed (%) -39.8020.5337.86473.45-20.60
Return On Assets (%) -80.46-22.31-18.49-14.48-14.82
Long Term Debt / Equity (X) 0.50-0.09-0.14-0.25-4.23
Total Debt / Equity (X) 0.55-1.60-2.09-3.33-4.23
Asset Turnover Ratio (%) 0.380.420.450.460.33
Current Ratio (X) 1.830.340.430.500.85
Quick Ratio (X) 0.880.110.170.220.37
Inventory Turnover Ratio (X) 1.020.170.160.110.08
Interest Coverage Ratio (X) -0.30-0.39-0.44-0.49-0.84
Interest Coverage Ratio (Post Tax) (X) -2.98-0.70-0.84-0.96-1.49
Enterprise Value (Cr.) 2886.561347.98989.93946.52564.17
EV / Net Operating Revenue (X) 9.184.142.582.311.73
EV / EBITDA (X) -134.99-35.46-30.20-29.76-12.39
MarketCap / Net Operating Revenue (X) 8.561.230.360.400.41
Price / BV (X) 10.92-0.78-0.39-0.83-1.89
Price / Net Operating Revenue (X) 8.561.230.360.400.41
EarningsYield -0.27-0.40-1.09-0.76-0.99

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 311.77 Cr. and Equity Capital is Rs. 228.72 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware3/A, Recondo Compound, Sudam Kalu Ahire Marg, Mumbai Maharashtra 400030Contact not found
Management
NamePosition Held
Mr. Vivek TalwarChairman & Managing Director
Ms. Poonam TalwarNon Executive Director
Dr. Ajay BakshiIndependent Director
Mr. Harsh KediaIndependent Director
Mr. Santhosh Kumar ShetIndependent Director
Ms. Priyanka AgarwalIndependent Director

FAQ

What is the intrinsic value of Nitco Ltd and is it undervalued?

As of 15 April 2026, Nitco Ltd's intrinsic value is ₹57.00, which is 34.56% lower than the current market price of ₹87.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹13.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nitco Ltd?

Nitco Ltd is trading at ₹87.10 as of 15 April 2026, with a FY2026-2027 high of ₹164 and low of ₹64.0. The stock is currently near its 52-week low. Market cap stands at ₹1,996 Cr..

How does Nitco Ltd's P/E ratio compare to its industry?

Nitco Ltd has a P/E ratio of 52.9, which is above the industry average of 34.82. The premium over industry average may reflect growth expectations or speculative interest.

Is Nitco Ltd financially healthy?

Key indicators for Nitco Ltd: ROCE of 42.9 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 14.63%). Dividend yield is 0.00 %.

Is Nitco Ltd profitable and how is the profit trend?

Nitco Ltd reported a net profit of ₹-741 Cr in Mar 2025 on revenue of ₹314 Cr. Compared to ₹-126 Cr in Mar 2022, the net profit shows a mixed trend.

Does Nitco Ltd pay dividends?

Nitco Ltd has a dividend yield of 0.00 % at the current price of ₹87.10. The company is currently not paying meaningful dividends.

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
Explore Industry-wise Stock Analysis Reports