Nitin Castings Ltd.
Snapshot View

143.00 -1.30 ▼-0.9%

20 May 2022, 04:01:00 PM
Volume: 603

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Castings/Forgings Compare with Industry peers
Website http://www.nitincastings.com
Market Cap 73.52 Cr.
Enterprise Value(EV) 72.19 Cr. 2021-12
Financial Indicators
Earnings per share (EPS) 9.43 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 15.17 Trailing Twelve Months Ending 2021-12
Industry PE 11.34 Trailing Twelve Months Ending 2021-12
Book Value / Share 104.13 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.37 Calculated using Price: 143.00
Dividend Yield 0.35 Period Ending 2021-03
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
-0.90%
1 Week
-5.14%
1 Month
+3.62%
3 Month
+28.71%
6 Month
+59.51%
1 Year
+103.56%
2 Year
+135.20%
5 Year
+164.33%
10 Year
+477.78%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 6.90 4.04 4.98 0.12 3.59 1.92 5.20 2.82 6.70
Return on Capital Employed (%) 10.11 6.13 7.44 2.56 5.05 3.28 7.97 5.58 9.10
Return on Assets (%) 4.42 2.76 3.51 0.06 1.85 1.20 3.21 1.89 4.86

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12* Rs. Cr.
Shh. Funds 21 22 22 42 43 44 46 47 50 54
Non Curr. Liab. 1 1 1 1 3 8 8 5 1 1
Curr. Liab. 12 6 10 18 19 22 18 16 16 19
Minority Int.
Equity & Liab. 35 30 34 61 66 74 72 67 67 73
Non Curr. Assets 15 14 13 27 29 33 33 28 26 25
Curr. Assets 20 16 21 34 37 41 39 39 41 48
Misc. Exp. not W/O
Total Assets 35 30 34 61 66 74 72 67 67 73

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 35 36 42 64 61 58 74 64 62 90
Other Income 0 0 0 0 1 1 2 1 2 2
Total Income 35 37 42 65 62 58 76 65 63 92
Total Expenditure -31 -34 -39 -60 -56 -53 -67 -58 -56 -84
PBIDT 4 2 3 5 6 6 9 8 7 9
Interest -1 0 0 -1 -1 -1 -1 -1 -1 0
Depreciation -1 -1 -1 -4 -4 -4 -4 -5 -2 -2
Taxation -1 -1 -1 0 -1 0 -1 0 -1 -1
Exceptional Items
PAT 1 1 1 0 1 1 2 1 3 5
Adjusted EPS 5 3 4 0 2 2 5 3 6 9

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 2 2 2 1 1 3 6 10 10 15
Cash Fr. Inv. 0 0 -3 -3 -1 -3 -7 -4 -5 -12
Cash Fr. Finan. -2 2 -4 2 -1 1 2 -4 -7 -5
Net Change 0 4 -4 0 0 0 1 2 -2 -1
Cash & Cash Eqvt 1 4 0 1 0 1 2 4 2 0

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 71.39 71.39 71.39 71.39 71.39 71.39 72.71 71.39 71.39
Public 28.61 28.61 28.61 28.61 28.61 28.61 27.29 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

Thu, 19 May 2022
Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On Saturday May 28 2022.
Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2022 inter alia to consider and approve Pursuant to the Regulations 29 33 and 47 of SEBI (LODR) Regulations 2015 we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday May 28 2022 to consider approve and take on record inter alia the following:1. The Standalone Audited Financial Results of the Company for the quarter & financial year ended March 31 2022 along with the statement of Assets and Liabilities & cash flow statement as on that date.2. The Audited Standalone Financial Statements for the Financial Year ended 31st March 2022.3. Any other business with the permission of Chair. Further as per the provisions of the SEBI (Prohibition of Insider Trading) Regulations 2015 and in accordance with the Code of Conduct for Prevention of Insider Trading adopted by the Company the Trading Window for trading in the securities of the Company by any Insider covered under the said Code was closed on April 1 2022 and shall be opened on May 30 2022.
Sat, 30 Apr 2022
Fund Raising By Issuance Of Debt Securities By Large Entities - Annual
Pursuant to the SEBI Circular No.: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018 regarding Fund Raising by Issuance of Debt Securities by Large Entities; this is to confirm that the Company does not fall in the criteria mentioned under the said Circular and therefore does not qualify as Large Corporate.
Wed, 27 Apr 2022
Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Year Ended 31St March 2022.
Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith the Compliance Certificate for the year i.e from 01st April 2021 to 31st March 2022 duly signed by the Company Secretary & Compliance Officer of the Company and the Authorised Representative of the Registrar and Share Transfer Agent Link Intime India Pvt. Ltd.

Technical Scans View Details

Fri, 20 May 2022
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Increase 3 Months High Increase 3 Months
High Increase 6 Months High Increase 6 Months
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years

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