Nitin Castings Ltd.
Snapshot View

103.20 +7.00 ▲7.3%

29 July 2021, 04:00:00 P.M.
Volume: 3,306

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Castings/Forgings Compare with Industry peers
Website http://www.nitincastings.com
Financial Indicators
Market Cap 53.01 Cr.
Earnings per share (EPS) 6.33 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 16.27 Trailing Twelve Months Ending 2021-03
Industry PE 21.61 Trailing Twelve Months Ending 2021-03
Book Value / Share 97.81 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.05 Calculated using Price: 103.10
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.51 Cr. 5,141,330 Shares
FaceValue 5
Company Profile

Kedia Group entered the arena of the foundry industry in the year 1964, with the formation of Nitin Castings a group company, with centralized facilities located at Thane, an eastern suburb barely 32 kms away from the industrial metro of India, Mumbai.

Nitin Alloys Global made rapid strides to achieve full recognition in manufacturing high quality alloy steel castings, comparable very favorably with those which were being imported from various developed countries and gained acknowledgement and acceptance for import substitution in several core sector industries of national importance. 1974 was to be another landmark year in the brief history of Nitin.

The company entered into technical collaboration with Schmidt + Clemens of Germany, and imported advanced technology for the manufacturer of reformer tubes and other horizontal centrifugal castings. The technology absorption & update went on till 1989, when the technical collaboration ended making Nitin a fully independent company to expand its horizons. 

To meet the increased demand of static castings and to make those castings at competitive prices, a sister concern in the name of Nitin Alloy Steels was started in Februrary, 1998, near Silvassa, Union Territory of Dadra-Nagar Haveli about 150kms away from Mumbai. The Foundry manufactures all grades of steel, stainless steel and heat resistant steel castings and is certified as per ISO 9001:2000 by BVQI, London.

During the year 2006-07, Nitin further expanded its manufacturing activities. The Silvassa facility of Nitin Alloys Global Ltd. was expanded to accommodate to handle Manganese Steel, Low Alloy Steel etc. besides the existing grades of Heat Resistance, Corrosion Resistance, and Wear Resistance Alloys.  The manufacturing capacity, after this expansion, is to be 4,000 Tones Per Annum.

Products manufactured by the company include:

  • Decanter Centrifugs
  • Bowl Extensions
  • Front Hubs
  • Rear Hubs
  • Filtration Wheels
  • Hub Conveyors
  • Solid Head Walls
  • Liquid Head Walls

Vavles :

  • Balls For Ball Valves
  • Seat Rings
  • Cages
  • Valve Bodies, Bonnets, Yokes For Gate Valve, Globe Valve
  • Valve Bodies & Discs For Butterfly Valves

Pump Industry

  • Casings
  • Impellers
  • Sleeves
  • Bushes etc.

Cement Plants

  • Grate Plates
  • Nose Ring Segments
  • Immersion Tubes
  • Tip Castings

Steel Plants

  • Radiant Tubes
  • Hearth Rolls
  • Sink Rolls
  • Retort Tubes
  • Grate Bars
  • Normalizing Furnace Rolls
  • Air injection Tubes
  • Briquette Deflector Rolls

Others

  • Parts of Earth Moving Equipments in low alloy steels
  • Rings for Metallic Ring Joint Gaskets
  • Lift Cylinders for Tyre Machinery
  • Liners for Compressors
  • Suction Rolls for Paper Industry 

Services offered by the company includes:

  • Fabricatio
  • Centrifugal casting
  • Static casting

Clientele:

  • Zuari Agro Chemicals Ltd.
  • Southern Petro Chemical Industries Corporation Ltd.
  • Hindusthan Organic Chemicals Ltd.
  • Andhra Petrochemicals Ltd.
  • Indian Oil Corporation Ltd.
  • Steel Authority of India Ltd.
  • Tata Steel 
  • Jindal Iron & Steel
  • Bharat Earth Movers Ltd.
  • Vulcan Engrs.Ltd.
  • Orient Cement
  • Vasavadatta Cement
  • L & T Cement and  many more

Achievements/ recognition:

  • ISO 9001:2000 certification from BVQI, London.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+7.28%
1 Week
+15.37%
1 Month
+16.54%
3 Month
+72.14%
6 Month
+56.25%
1 Year
+100.39%
2 Year
+36.96%
5 Year
+175.20%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 7.32 6.90 4.04 4.98 0.12 3.59 1.92 5.20 2.86
Return on Capital Employed (%) 11.72 10.11 6.13 7.44 2.56 5.05 3.28 7.97 5.58
Return on Assets (%) 4.67 4.42 2.76 3.51 0.06 1.85 1.20 3.21 1.91

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 20 21 22 22 42 43 44 46 47
Non Curr. Liab. 2 1 1 1 1 3 8 8 5
Curr. Liab. 8 12 6 10 18 19 22 18 16
Minority Int.
Equity & Liab. 30 35 30 34 61 66 74 72 67
Non Curr. Assets 15 15 14 13 27 29 33 33 28
Curr. Assets 15 20 16 21 34 37 41 39 39
Misc. Exp. not W/O
Total Assets 30 35 30 34 61 66 74 72 67

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 34 35 36 42 64 61 58 74 64
Other Income 0 0 0 0 0 1 1 2 1
Total Income 35 35 37 42 65 62 58 76 65
Total Expenditure -31 -31 -34 -39 -60 -56 -53 -67 -58
PBIDT 4 4 2 3 5 6 6 9 8
Interest -1 -1 0 0 -1 -1 -1 -1 -1
Depreciation -1 -1 -1 -1 -4 -4 -4 -4 -5
Taxation -1 -1 -1 -1 0 -1 0 -1 0
Exceptional Items
PAT 1 1 1 1 0 1 1 2 1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 2 2 2 1 1 3 6 10 10
Cash Fr. Inv. 0 0 -3 -3 -1 -3 -7 -4 -5
Cash Fr. Finan. -2 2 -4 2 -1 1 2 -4 -7
Net Change 0 4 -4 0 0 0 1 2 -2
Cash & Cash Eqvt 1 4 0 1 0 1 2 4 2

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 71.37 71.39 71.39 71.39 71.39 71.39 71.39 71.39 71.39
Public 28.63 28.61 28.61 28.61 28.61 28.61 28.61 28.61 28.61
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 24 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39 (3) of the SEBI Listing Regulations we wish to inform you that the Company has issued a Duplicate Share Certificate in lieu of the original Share Certificates reported lost/misplaced details whereof are mentioned hereunder:

Sr.no. Folio Name New Certificate no. Distinctive No. No. of shares
1 001414 Daljit Singh Garewal 247 5115931 to 5116630 700

The aforesaid Duplicate Share Certificate has been issued on receipt of proper documentation from the Shareholder.

Kindly take the above on record and oblige.
Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
Nitin Castings Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Mon, 19 Jul 2021
Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve The Un-Audited Financial Results For The Quarter Ended 30Th June 2021 And Closure Of Trading Window.
Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2021 inter alia to consider and approve With reference to above captioned subject we wish to inform you that pursuant to Regulation 29 (1) (a) & 33 of the SEBI (LODR) Regulations 2015 a meeting of the Board of Directors of the Company is scheduled to be held on Thursday August 12 2021 at 4.00 p.m. through video conferencing in accordance with the notification issued by the ministry of Corporate Affairs dated 19th March 2020 inter-alia to consider and transact the following business:

a) To consider and approve inter alia Un-Audited Financial Results of the Company for the quarter ended June 30 2021.

b) Any other matter with the permission of chair.

Further in continuation of our intimation dated June 30 2021 and pursuant to Companys code of conduct to Regulate Monitor and Report Trading by Designated Persons and their immediate relatives the trading window for dealing in the securities of the Company is closed from July 01 2021 to August 14 2021 (both days inclusive).

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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