Nitin Castings Ltd.

655.00 +11.00 ▲1.7%

26 April 2024, 04:01:00 PM
Volume: 376

Company Profile

Sector Automobile & Ancillaries Sector Icon Automobile & Ancillaries Compare with Sector peers
Industry Castings/Forgings Industry Icon Castings/Forgings Compare with Industry peers
Website http://www.nitincastings.com
Market Cap 332.82 Cr.
Enterprise Value(EV) 331.46 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 20.44 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 31.67 Trailing Twelve Months Ending 2023-12
Industry PE 31.71 Trailing Twelve Months Ending 2023-12
Book Value / Share 134.88 Trailing Twelve Months Ending 2023-12
Price to Book Value 4.80 Calculated using Price: 647.35
Dividend Yield 0.12 Period Ending 2023-03
No. of Shares Subscribed 0.51 Cr. 5,141,330 Shares
FaceValue 5
About Nitin Castings Ltd.
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 Castings Ltd. Delivery

Delivered Qty
Traded Qty

Nitin Castings Ltd. Performance

1 Day
+1.71%
1 Week
+3.85%
1 Month
+10.84%
3 Month
+34.44%
6 Month
+41.19%
1 Year
+139.75%
2 Year
+334.49%
5 Year
+773.92%
10 Year
+3279.77%

Nitin Castings Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 4.98 0.12 3.59 1.92 5.2 2.82 6.7 9.78 8.5
Return on Capital Employed (%) 7.44 2.56 5.05 3.28 7.97 5.58 9.1 11.99 13.5
Return on Assets (%) 3.51 0.06 1.85 1.2 3.21 1.89 4.86 7.12 5.75

Nitin Castings Ltd. Balance Sheet

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 22 42 43 44 46 47 50 55 60 66
Non Curr. Liab. 1 1 3 8 8 5 1 0 2 2
Curr. Liab. 10 18 19 22 18 16 16 22 30 34
Minority Int.
Equity & Liab. 34 61 66 74 72 67 67 78 92 103
Non Curr. Assets 13 27 29 33 33 28 26 25 23 24
Curr. Assets 21 34 37 41 39 39 41 54 69 79
Misc. Exp. not W/O
Total Assets 34 61 66 74 72 67 67 78 92 103

Nitin Castings Ltd. Profit and Loss

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 42 64 61 58 74 64 62 97 133 140
Other Income 0 0 1 1 2 1 2 2 1 4
Total Income 42 65 62 58 76 65 63 99 134 143
Total Expenditure -39 -60 -56 -53 -67 -58 -56 -90 -124 -127
PBIDT 3 5 6 6 9 8 7 9 11 16
Interest 0 -1 -1 -1 -1 -1 -1 0 0 0
Depreciation -1 -4 -4 -4 -4 -5 -2 -2 -2 -2
Taxation -1 0 -1 0 -1 0 -1 -1 -4 -4
Exceptional Items
PAT 1 0 1 1 2 1 3 5 5 11
Adjusted EPS 4 0 2 2 5 3 6 10 10 20

Nitin Castings Ltd. Cash Flow

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 2 1 1 3 6 10 10 15 1 1
Cash Fr. Inv. -3 -3 -1 -3 -7 -4 -5 -12 -2 -8
Cash Fr. Finan. -4 2 -1 1 2 -4 -7 -5 2 6
Net Change -4 0 0 0 1 2 -2 -1 2 -1
Cash & Cash Eqvt 0 1 0 1 2 4 2 0 2 1

Nitin Castings Ltd. Shareholding Pattern

9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
Promoter 71.39 71.39 64.48 71.39 71.39 71.39 71.39 71.39 71.39
Public 28.61 28.61 35.52 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
No. of Shareholders (in Lacs)

Nitin Castings Ltd. Announcements

Thu, 18 Apr 2024
Certificate Under Regulations 40(9) Of SEBI Listing Regulations 2015
Pursuant to the Regulation 40(9) of SEBI (LODR) Regulations 2015 we are hereby enclosing certificate for the year ended 31.03.2024.
Thu, 18 Apr 2024
Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Year Ended 31St March 2024.
Certificate under Regulation 7(3) of SEBI(LODR) Regulations 2015 for the year ended 31.03.2024
Thu, 18 Apr 2024
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompanyNitin Castings Ltd
2CIN NO.L65990MH1982PLC028822
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.00
4Highest Credit Rating during the previous FY 0
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: ISHAN KUMAR VERMA
Designation: Company Secretary
EmailId: naglmumbai@gmail.com
Name of the Chief Financial Officer: NIRMAL KEDIA
Designation: Chief Financial Officer
EmailId: naglmumbai@gmail.com

Date: 18/04/2024

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Nitin Castings Ltd. Technical Scans

Fri, 26 Apr 2024
High Delivery Percentage High Delivery Percentage
Close Within 52 Week High Zone Close Within 52 Week High Zone
Making Higher Highs for 2 Days Making Higher Highs for 2 Days
High Increase in 3 Months High Increase in 3 Months
High Increase in 6 Months High Increase in 6 Months

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Maruti Suzuki India Ltd. Consolidated 2023-12 4.88 12,703.35 -1.7%
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Eicher Motors Ltd. Consolidated 2023-12 7.49 4,601.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-12 14.00 2,016.50 +0.5%
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Maruti Suzuki India Ltd. Consolidated 2023-03 0.02 12,703.35 -1.7%
Tata Motors Ltd. Consolidated 2023-03 2.78 999.50 -0.2%
Mahindra & Mahindra Ltd. Consolidated 2023-03 1.58 2,044.90 -2.5%
Bajaj Auto Ltd. Consolidated 2023-03 0.00 8,974.30 +2.7%
Eicher Motors Ltd. Consolidated 2023-03 0.01 4,601.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 3.93 2,016.50 +0.5%
Hero MotoCorp Ltd. Consolidated 2023-03 0.02 4,491.60 -0.2%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 12,703.35 -1.7%
Tata Motors Ltd. Consolidated 2023-03 5.24 999.50 -0.2%
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Tata Motors Ltd. Consolidated 2023-03 5.24 999.50 -0.2%
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Bajaj Auto Ltd. Consolidated 2023-03 36,455.38 8,974.30 +2.7%
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TVS Motor Company Ltd. Consolidated 2023-03 31,973.99 2,016.50 +0.5%
Hero MotoCorp Ltd. Consolidated 2023-03 34,158.38 4,491.60 -0.2%
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Bajaj Auto Ltd. Consolidated 2023-03 6,060.21 8,974.30 +2.7%
Eicher Motors Ltd. Consolidated 2023-03 2,913.94 4,601.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 1,309.46 2,016.50 +0.5%
Hero MotoCorp Ltd. Consolidated 2023-03 2,799.90 4,491.60 -0.2%

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