Nitin Castings

Why is Nitin Castings Ltd falling/rising?

As of 04-Aug, Nitin Castings Ltd's stock price is currently at Rs 533.80, reflecting a 2.45% increase today. Despite this rise, the stock has underperformed over the past year and shows concerning fundamentals, including negative results for three consecutive quarters and a high price-to-book value ratio.

As of 04-Aug, Nitin Castings Ltd's stock price is rising, currently at Rs 533.80, reflecting an increase of Rs 12.75 or 2.45%. This rise is notable as the stock has outperformed its sector by 4.97% today. The stock reached an intraday high of Rs 544, indicating positive trading activity despite having touched a low of Rs 496.3 earlier in the day.<BR><BR>However, it is important to consider the broader context of the company's performance. Over the past year, the stock has generated a return of -15.90%, and the company has reported negative results for the last three consecutive quarters, with a significant decline in net sales and profits. The company’s net profit after tax has decreased by 35.15%, and its return on capital employed is at a low of 14.38%. Additionally, the stock is trading at a premium compared to its peers, with a price-to-book value ratio of 3, suggesting an expensive valuation.<BR><BR>Despite the current rise in stock price, the overall trend indicates a below-par performance in both the long term and near term, as evidenced by its underperformance against the BSE500 index over various time frames. The falling investor participation, with a significant drop in delivery volume, also raises concerns about the stock's sustainability in the upward movement. Thus, while the stock is experiencing a rise today, the underlying fundamentals present a mixed picture.

Which are the latest news on Nitin Castings?

Should I buy, sell or hold Nitin Castings Ltd?

How big is Nitin Castings?

As of 10th June, Nitin Castings Ltd has a market capitalization of 296.00 Cr, with recent net sales of 147.09 Cr and a net profit of 10.63 Cr. Shareholder's funds are 82.58 Cr, and total assets amount to 129.24 Cr.

As of 10th June, Nitin Castings Ltd has a market capitalization of 296.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Nitin Castings reported Net Sales of 147.09 Cr and a Net Profit of 10.63 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 82.58 Cr and Total Assets of 129.24 Cr.

Who are in the management team of Nitin Castings?

The management team of Nitin Castings includes Nitin S Kedia (Chairman & Managing Director), Nirmal B Kedia and Nipun N Kedia (Executive Directors), Arvind B Jalan and Preeti (Independent Directors), and Ishan Verma (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Nitin Castings includes the following individuals:<BR><BR>1. **Nitin S Kedia** - Chairman & Managing Director<BR>2. **Nirmal B Kedia** - Executive Director<BR>3. **Nipun N Kedia** - Executive Director<BR>4. **Arvind B Jalan** - Independent Director<BR>5. **Preeti** - Independent Director<BR>6. **Ishan Verma** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Nitin Castings?

Nitin Castings' peers include Synergy Green, Inv. & Prec. Cast., Magna Electrocas, Kalyani Forge, Gujarat Intrux, Krishanveer Forg, Samrat Forgings, Tirupati Forge, and ANB Metal. Key insights show varying management risks, growth rates, and capital structures among peers, with Krishanveer Forg leading in 1-year returns at 36.29%, while Nitin Castings has a return of -13.47%.

Peers: The peers of Nitin Castings are Synergy Green, Inv.& Prec.Cast., Magna Electrocas, Kalyani Forge, Gujarat Intrux, Krishanveer Forg, Samrat Forgings, Tirupati Forge, and ANB Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gujarat Intrux and Krishanveer Forg, while Average management risk is found at Synergy Green, Inv.& Prec.Cast., Magna Electrocas, Nitin Castings, Kalyani Forge, Samrat Forgings, and Tirupati Forge, and the rest. Good growth is noted at Magna Electrocas, Kalyani Forge, Tirupati Forge, and ANB Metal, while Average growth is seen at Inv.& Prec.Cast., Nitin Castings, Gujarat Intrux, and the rest. Below Average growth is present at Synergy Green, Krishanveer Forg, and Samrat Forgings. Excellent capital structure is found at Magna Electrocas, Gujarat Intrux, Krishanveer Forg, and Nitin Castings, while Below Average capital structure is noted at Synergy Green, Inv.& Prec.Cast., Kalyani Forge, Samrat Forgings, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Krishanveer Forg at 36.29%, while Kalyani Forge has the lowest at -17.16%. Nitin Castings has a 1-year return of -13.47%, which is better than Kalyani Forge but worse than Krishanveer Forg. Additionally, Gujarat Intrux, Kalyani Forge, and Krishanveer Forg have negative six-month returns.

What does Nitin Castings do?

Nitin Castings Ltd is a micro-cap company in the Castings & Forgings industry, specializing in Alloy Steel Castings. As of March 2026, it reported net sales of 35 Cr and a net profit of 2 Cr, with a market cap of INR 296 Cr.

Overview:<BR>Nitin Castings Ltd is a micro-cap company operating in the Castings & Forgings industry, specializing in the manufacture and sale of Alloys Steel Castings.<BR><BR>History:<BR>Incorporated on December 3, 1982, the company was initially known as 'Aditya Leasing Limited' and underwent several name changes, becoming Nitin Alloys Global Limited on June 6, 2006, and finally Nitin Castings Limited on January 3, 2017. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 35 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 2 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 296 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 27.00<BR>- Industry P/E: 46<BR>- Dividend Yield: 0.52%<BR>- Debt Equity: -0.40<BR>- Return on Equity: 12.20%<BR>- Price to Book: 3.22<BR><BR>Contact Details:<BR>Address: 202 2nd Flr Sanjay Building, No 3 Sir M V Road Andheri (E) Mumbai Maharashtra : 400059<BR>Tel: 91-22-25985900<BR>Email: finance@nitincastings.com<BR>Website: http://www.nitincastings.com

Are Nitin Castings Ltd latest results good or bad?

Nitin Castings Ltd's latest results show a mixed performance, with a 13.98% sequential decline in net sales to ₹34.63 crores and a 28.57% drop in net profit to ₹1.75 crores, indicating challenging market conditions. However, the company maintained profitability and improved its operating margin to 10.86%, suggesting effective cost management despite revenue pressures.

The latest results for Nitin Castings Ltd present a mixed picture. In the March 2026 quarter, the company experienced a significant decline in net sales, which contracted by 13.98% sequentially to ₹34.63 crores, marking the lowest quarterly revenue in the past year. Year-on-year, revenue also fell by 10.24%. This decline raises concerns about demand in the castings and forgings segment.<BR><BR>Despite the drop in revenue, the company managed to maintain profitability, reporting a net profit of ₹1.75 crores, although this represents a 28.57% decrease compared to the same quarter last year. The profit after tax (PAT) margin decreased to 5.05% from 6.35% in the previous year, indicating some margin compression.<BR><BR>On a more positive note, the operating margin (excluding other income) improved to 10.86%, up from 8.84% in the year-ago quarter, reflecting effective cost management. For the full fiscal year FY26, Nitin Castings achieved net sales of ₹150 crores, showing modest growth of 1.40% over the previous year, and net profit remained stable at ₹12 crores.<BR><BR>Overall, while the company continues to be profitable and shows some operational strengths, the significant revenue decline and margin pressures in the latest quarter suggest challenging market conditions. Investors may want to monitor these trends closely.

How has been the historical performance of Nitin Castings?

Nitin Castings has shown consistent growth, with net sales increasing from 61.97 crore in March 2021 to 150.57 crore in March 2025, and profit after tax rising from 1.31 crore to 12.41 crore during the same period. The company has demonstrated strong profitability and a solid asset base, with total assets growing from 67.21 crore to 129.24 crore.

Answer:<BR>The historical performance of Nitin Castings shows a consistent growth in net sales and profit over the years, with the latest figures for March 2025 indicating net sales of 150.57 crore and a profit after tax of 12.41 crore.<BR><BR>Breakdown:<BR>Nitin Castings has demonstrated a steady increase in net sales from 61.97 crore in March 2021 to 150.57 crore in March 2025, reflecting a strong upward trend. The total operating income has similarly risen, reaching 150.57 crore in March 2025, up from 61.97 crore in March 2021. The raw material costs peaked at 120.53 crore in March 2024 but decreased to 103.51 crore in March 2025, contributing to an operating profit of 19.26 crore in the latest year. Profit before tax also showed an upward trajectory, increasing from 1.66 crore in March 2020 to 16.77 crore in March 2025. The profit after tax has significantly improved from 1.31 crore in March 2020 to 12.41 crore in March 2025, indicating enhanced profitability. Total assets have grown from 67.21 crore in March 2020 to 129.24 crore in March 2025, while total liabilities increased from 66.81 crore to 129.24 crore in the same period. The cash flow from operating activities remained stable at 17.00 crore in March 2025, with a net cash inflow of 0.00 crore, indicating a balanced cash position. Overall, Nitin Castings has shown robust growth in sales and profitability, alongside a solid asset base.

Is Nitin Castings overvalued or undervalued?

As of August 18, 2025, Nitin Castings is considered undervalued with strong performance metrics, including a PE ratio of 23.49 and a PEG ratio of 0.00, making it an attractive investment compared to peers like Bharat Forge and CIE Automotive, despite recent underperformance against the Sensex.

As of 18 August 2025, Nitin Castings has moved from a fair to an attractive valuation grade. The company appears to be undervalued given its strong performance metrics, including a PE ratio of 23.49, an EV to EBITDA ratio of 18.95, and a ROCE of 28.48%. In comparison to its peers, Nitin Castings' valuation stands out, particularly against Bharat Forge, which has a much higher PE ratio of 55.07, and CIE Automotive, which boasts a lower PE of 19.18 but is also rated as attractive.<BR><BR>The current valuation suggests that Nitin Castings is well-positioned in the market, especially considering its PEG ratio of 0.00, indicating potential for growth without the corresponding price increase. While the stock has underperformed the Sensex over the past year, its impressive long-term returns of 383.56% over three years and 1246.51% over five years highlight its potential as a solid investment opportunity. Overall, Nitin Castings is currently undervalued relative to its peers and its own historical performance.

Who are the top shareholders of the Nitin Castings?

The top shareholders of Nitin Castings are Shalini Nirmal Kedia, the promoter with 19.17%, and public shareholder Punit Gopikishan Makharia with 11.86%. Individual investors hold a combined 22.88%, with no mutual funds or foreign institutional investors involved.

The top shareholders of Nitin Castings include Shalini Nirmal Kedia, who is the promoter with the highest holding at 19.17%. The highest public shareholder is Punit Gopikishan Makharia, holding 11.86%. Additionally, individual investors collectively hold 22.88% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

What is the technical trend for Nitin Castings?

As of June 4, 2025, Nitin Castings shows a neutral trend with mixed signals: mildly bullish weekly MACD and Bollinger Bands, but mildly bearish daily moving averages and monthly MACD, indicating market uncertainty.

As of 4 June 2025, the technical trend for Nitin Castings has changed from mildly bearish to sideways. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish, indicating mixed signals. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting potential upward momentum. However, the daily moving averages are mildly bearish, which adds caution. The KST shows bullishness weekly but is mildly bearish monthly, and Dow Theory indicates no clear trend in both weekly and monthly views. Overall, the current stance is neutral with mixed strength indicators, reflecting uncertainty in the market.

When is the next results date for Nitin Castings?

No Upcoming Board Meetings

Has Nitin Castings declared dividend?

Nitin Castings Ltd has declared a 60% dividend, amounting to ₹3 per share, with an ex-date of September 20, 2024. Despite recent negative returns over the last 6 months and year, the company has shown strong total returns over the longer 3, 4, and 5-year periods.

Nitin Castings Ltd has declared a 60% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 60%<BR>- Amount per share: 3<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.43%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -6.6%, with a dividend return of 0%, resulting in a total return of -6.6%.<BR><BR>Over the past year, the price return was -8.85%, with a dividend return of 0.42%, leading to a total return of -8.43%.<BR><BR>In the last 2 years, the price return was 37.22%, with a dividend return of 0.77%, culminating in a total return of 37.99%.<BR><BR>For the 3-year period, the price return was 368.12%, with a dividend return of 3.07%, resulting in a total return of 371.19%.<BR><BR>Over the past 4 years, the price return was 742.14%, with a dividend return of 5.17%, leading to a total return of 747.31%.<BR><BR>In the last 5 years, the price return was 1087.03%, with a dividend return of 8.96%, resulting in a total return of 1095.99%.<BR><BR>Overall, Nitin Castings has declared a significant dividend, contributing to a positive total return over longer periods, especially in the 3, 4, and 5-year spans, despite recent negative returns in the shorter terms.