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Nitin Castings Ltd

NITINCAST

Nitin Castings Ltd

NITINCAST
MaterialsMetals - Iron
SmallcapWith a market cap of ₹366 cr, stock is ranked 2,079
High RiskStock is 3.57x as volatile as Nifty
686.350.00% (+0.00)
686.350.00% (+0.00)

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1W
1M
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Max
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MaterialsMetals - Iron
SmallcapWith a market cap of ₹366 cr, stock is ranked 2,079
High RiskStock is 3.57x as volatile as Nifty

How to use scorecard? Learn more

MaterialsMetals - Iron
SmallcapWith a market cap of ₹366 cr, stock is ranked 2,079
High RiskStock is 3.57x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
27.165.110.42%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.173.551.31%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Nitin Castings Limited is a manufacturer of alloy heat and corrosion-resistant castings and is engaged in fabrication of heat and corrosion-resistant components for various industrial applications using cast and wrought components etc.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.16%, vs industry avg of -16.16%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 9.45% to 46.21%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 38.85%, vs industry avg of -13.02%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue64.6462.2158.3175.5865.2463.4798.66134.18153.09156.57
Raw Materialssubtract50.2844.9344.0448.1646.0439.6775.72111.16120.53136.80
Power & Fuel Costsubtract0.200.200.190.170.170.180.170.150.17
Employee Costsubtract1.914.832.373.382.972.566.416.857.78
Selling & Administrative Expensessubtract7.635.298.849.9810.207.706.689.9610.28
Operating & Other expensessubtract-0.250.54-2.814.94-1.806.210.90-4.44-3.04
Depreciation/Amortizationsubtract3.873.783.864.314.502.212.001.801.691.90
Interest & Other Itemssubtract0.920.920.931.321.491.020.250.180.230.31
Taxes & Other Itemssubtract0.060.550.040.970.360.661.363.623.324.08
EPS0.072.941.654.572.556.3410.069.5323.5926.22
DPS0.380.500.500.500.000.500.500.753.003.00
Payout ratio5.270.170.300.110.000.080.050.080.130.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 2 stocks from 
MaterialsMetals - Iron

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Nitin Castings Ltd30.185.110.42%
Indsil Hydro Power and Manganese Ltd-15.201.31
Creative Castings Ltd19.242.51

Price Comparison

Compare NITINCAST with any stock or ETF
Compare NITINCAST with any stock or ETF
NITINCAST
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.39%0.00%0.00%0.00%28.61%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 20, 2024

Cash Dividend

Ex DateEx DateAug 10, 2023

Final
Final | Div/Share: ₹0.75

Dividend/Share

0.75

Ex DateEx Date

Aug 10, 2023

Cash Dividend

Ex DateEx DateSep 23, 2022

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 23, 2022

Cash Dividend

Ex DateEx DateSep 17, 2021

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 17, 2021

Cash Dividend

Ex DateEx DateSep 20, 2019

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 20, 2019

News & Opinions
Earnings
Nitin Castings standalone net profit rises 31.66% in the September 2024 quarter

Net profit of Nitin Castings rose 31.66% to Rs 4.20 crore in the quarter ended September 2024 as against Rs 3.19 crore during the previous quarter ended September 2023. Sales declined 4.49% to Rs 38.32 crore in the quarter ended September 2024 as against Rs 40.12 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales38.3240.12 -4 OPM %10.449.20 - PBDT5.814.49 29 PBT5.294.09 29 NP4.203.19 32 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Nitin Castings declare Quarterly Result

Nitin Castings will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Nitin Castings schedules AGM

Nitin Castings announced that the 41th Annual General Meeting (AGM) of the company will be held on 23 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Nitin Castings standalone net profit rises 9.09% in the June 2024 quarter

Net profit of Nitin Castings rose 9.09% to Rs 3.96 crore in the quarter ended June 2024 as against Rs 3.63 crore during the previous quarter ended June 2023. Sales rose 11.46% to Rs 39.87 crore in the quarter ended June 2024 as against Rs 35.77 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales39.8735.77 11 OPM %11.5410.20 - PBDT6.005.01 20 PBT5.524.61 20 NP3.963.63 9 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Nitin Castings to declare Quarterly Result

Nitin Castings will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live