Nitin Castings

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.

Who are the peers of the Nitin Castings?

Nitin Castings' peers include AIA Engineering, Happy Forgings, Balu Forge, Steelcast, Amic Forging, Kalyani Forge, Hilton Met.Forg., Gujarat Intrux, and Samrat Forgings. Balu Forge leads in 1-year returns at 155.79%, while Nitin Castings has a return of -11.82%.

Peers: The peers of Nitin Castings are AIA Engineering, Happy Forgings, Balu Forge, Steelcast, Amic Forging, Kalyani Forge, Hilton Met.Forg., Gujarat Intrux, and Samrat Forgings.<BR><BR>Quality Snapshot: Excellent management risk is observed at AIA Engineering and Gujarat Intrux, while Average management risk is found at Happy Forgings, Balu Forge, Steelcast, Amic Forging, Kalyani Forge, and Samrat Forgings, and the rest. Good growth is noted at Balu Forge, Amic Forging, and Nitin Castings, while Average growth is seen at Steelcast and Kalyani Forge, and the rest. Excellent capital structure is present at AIA Engineering, Happy Forgings, Balu Forge, Steelcast, and Nitin Castings, while Good capital structure is found at Amic Forging, and Below Average capital structure is noted at Kalyani Forge, Hilton Met.Forg., and Samrat Forgings.<BR><BR>Return Snapshot: Balu Forge has the highest 1-year return at 155.79%, while Hilton Met.Forg. has the lowest at -35.16%, with Nitin Castings showing a 1-year return of -11.82%, which is better than Hilton Met.Forg. but worse than Balu Forge. Additionally, the six-month returns for Hilton Met.Forg. and Samrat Forgings are negative.

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.

Who are in the management team of Nitin Castings?

As of March 2023, the management team of Nitin Castings includes Nirmal B Kedia (Executive Director), Nitin S Kedia (Chairman & Managing Director), Arvind B Jalan and Preeti (Independent Directors), Nipun N Kedia (Executive Director), and Ishan Verma (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

As of March 2023, the management team of Nitin Castings includes the following members:<BR><BR>1. Nirmal B Kedia - Executive Director<BR>2. Nitin S Kedia - Chairman & Managing Director<BR>3. Arvind B Jalan - Independent Director<BR>4. Nipun N Kedia - Executive 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.

What does Nitin Castings do?

Nitin Castings Ltd is a micro-cap company that manufactures and sells alloy steel castings. As of March 2025, it reported net sales of ₹386 Cr and a net profit of ₹24 Cr, with a market cap of ₹319 Cr.

Overview: <BR>Nitin Castings Ltd is a micro-cap company in the Castings & Forgings industry that manufactures and sells Alloys Steel Castings.<BR><BR>History: <BR>Nitin Castings Ltd was incorporated on December 3, 1982, originally as 'Aditya Leasing Limited'. It underwent a name change to Nitin Alloys Global Limited on June 6, 2006, and further changed to 'Nitin Castings Limited' on January 3, 2017. The most recent quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 386 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 24 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 319 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 25.00 <BR>Industry P/E: 32 <BR>Dividend Yield: 0.48% <BR>Debt-Equity: -0.47 <BR>Return on Equity: 15.03% <BR>Price to Book: 3.86<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

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.

How big is Nitin Castings?

As of 24th July, Nitin Castings Ltd has a market capitalization of 339.00 Cr, with recent net sales of 150.57 Cr and a net profit of 12.41 Cr. The latest balance sheet shows shareholder's funds of 71.70 Cr and total assets of 109.34 Cr.

As of 24th July, Nitin Castings Ltd has a market capitalization of 339.00 Cr, classifying it as a Micro Cap company.<BR><BR>In the latest four quarters, Nitin Castings reported Net Sales of 150.57 Cr and a Net Profit of 12.41 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 71.70 Cr and Total Assets of 109.34 Cr.

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.

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.

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.

Should I buy, sell or hold Nitin Castings Ltd?

Which are the latest news on Nitin Castings?

Why is Nitin Castings Ltd falling/rising?

As of 03-Jun, Nitin Castings Ltd is experiencing a slight rise in its stock price to 530.00, but it has underperformed its sector and benchmark over the past year, with a decline of 18.59%. Despite a recent uptick, the stock shows a bearish trend overall, trading below its moving averages.

As of 03-Jun, Nitin Castings Ltd is experiencing a slight rise in its stock price, currently at 530.00, with a change of 3.95 (0.75%) upward. This increase follows a two-day consecutive gain where the stock has risen by 0.84%. However, it is important to note that despite this recent uptick, the stock has underperformed its sector by 0.41% today and opened with a loss of 3.81%, touching an intraday low of Rs 506.<BR><BR>In terms of longer-term performance, the stock has faced challenges, with a decline of 18.59% over the past year, while the benchmark Sensex has only decreased by 7.92% in the same period. Over the last week and month, the stock has also shown negative returns of -7.83% and -5.36%, respectively. <BR><BR>Despite these declines, there has been a rise in investor participation, as evidenced by a 5.95% increase in delivery volume on June 2 compared to the 5-day average. However, the stock is trading below its moving averages across various time frames, indicating a bearish trend overall. <BR><BR>In summary, while Nitin Castings Ltd is currently seeing a minor rise in its stock price, the broader context reveals significant volatility and underperformance relative to both its sector and historical benchmarks.