508875
Nitin Castings financials
- Market cap
- ₹258 Cr
- Sector
- Capital Goods
What Nitin Castings does
Nitin Castings Limited manufactures alloy products through casting/melting operations at two works — one at Silvassa, Dadra & Nagar Haveli, and one at Karvad, Taluka Vapi, Valsad district, Gujarat. The company operates in a single reportable business segment, Alloy Products. Its registered office is in Andheri (East), Mumbai, with a corporate office in Thane, Maharashtra.
Segments
- Alloy Products
- Manufacturing works
- 2 (Silvassa, Dadra & Nagar Haveli; Karvad, Taluka Vapi, Gujarat)
- Reportable business segments
- 1 (Alloy Products)
Quarterly results
Q1 FY27: revenue down 23.2%, net profit down 53.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38 | 34 | 39 | 36 | 36 −5% | 40 +19% | 35 −10% | 27 −23% |
| EBITDA | 4 | 3 | 3 | 6 | 2 −41% | 2 −33% | 4 +11% | 2 −70% |
| Net profit | 4 | 2 | 2 | 6 | 1 −65% | 2 −6% | 2 −29% | 3 −53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −12.6% 1Y
1Y: ₹574.85 on 10 Sept 2025 → ₹502.45. High ₹595 (10 Feb 2026), low ₹264.55 (21 Aug 2026).
Financials, as filed
Revenue grew 3.3% a year over 3 years, FY23 to FY26. Operating margin widened to 9.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹133 Cr | ₹149 Cr | ₹151 Cr | ₹147 Cr |
| Operating profit | ₹10 Cr | ₹15 Cr | ₹15 Cr | ₹13 Cr |
| Operating margin | 7.2% | 10.3% | 9.7% | 9.1% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹5 Cr | ₹12 Cr | ₹12 Cr | ₹11 Cr |
| Net margin | 3.7% | 8.2% | 8.2% | 7.2% |
| Cash from operations | ₹1 Cr | ₹17 Cr | ₹18 Cr | ₹9 Cr |
| Free cash flow | ₹1 Cr | ₹13 Cr | ₹11 Cr | ₹-1 Cr |
| ROCE | 14.0% | 24.0% | 17.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹48 Cr | ₹53 Cr | ₹57 Cr | ₹69 Cr | ₹86 Cr | ₹89 Cr |
| Borrowings | ₹4 Cr | ₹4 Cr | ₹10 Cr | ₹5 Cr | ₹10 Cr | ₹14 Cr |
| Other liabilities | ₹13 Cr | ₹19 Cr | ₹22 Cr | ₹33 Cr | ₹48 Cr | ₹35 Cr |
| Total liabilities | ₹67 Cr | ₹78 Cr | ₹92 Cr | ₹109 Cr | ₹147 Cr | ₹140 Cr |
| Fixed assets | ₹24 Cr | ₹23 Cr | ₹22 Cr | ₹25 Cr | ₹31 Cr | ₹33 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹5 Cr |
| Investments | ₹16 Cr | ₹17 Cr | ₹25 Cr | ₹36 Cr | ₹51 Cr | ₹51 Cr |
| Other assets | ₹27 Cr | ₹38 Cr | ₹45 Cr | ₹48 Cr | ₹64 Cr | ₹51 Cr |
| Total assets | ₹67 Cr | ₹78 Cr | ₹92 Cr | ₹109 Cr | ₹147 Cr | ₹140 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 1,518.
- Promoters
- 71.4%
- Public
- 28.6%
Since Jun 2025
- Public −0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.4%, Public 28.6%.Dec '23: Promoters 71.4%, Public 28.6%.Mar '24: Promoters 71.4%, Public 28.6%.Jun '24: Promoters 71.4%, Public 28.6%.Sep '24: Promoters 71.4%, Public 28.6%.Dec '24: Promoters 71.4%, Public 28.6%.Mar '25: Promoters 71.4%, Public 28.6%.Jun '25: Promoters 71.4%, Public 28.6%.Sep '25: Promoters 71.4%, Public 28.6%.Dec '25: Promoters 71.4%, Public 28.6%.Mar '26: Promoters 71.4%, Public 28.6%.Jun '26: Promoters 71.4%, Public 28.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bhagirathprasad Purshottamdas HUF newly disclosed 1.57% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Nitin Castings above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shalini Nirmal Kedia | 19.17% | unchanged |
| Suman Nitin Kedia | 14.37% | unchanged |
| Punit Gopikishan Makharia | 11.86% | unchanged |
| Nitin Shantikumar Kedia - 2 | 10.73% | unchanged |
| Nirmal Bhagirathprasad Kedia | 9.02% | unchanged |
| Tfc Engineering Pvt. Ltd. | 3.67% | unchanged |
| Rajshila Realtors Llp | 2.66% | unchanged |
| Shantikumar Nitin Kumar (HUF) | 2.57% | unchanged |
| Kirti Investments Limited | 2.36% | unchanged |
| Nirmal Kumar Varun Kumar HUF | 2.33% | unchanged |
| Nitin Kumar Nipun Kumar HUF | 2.33% | unchanged |
| Bhagirathprasad Purshottamdas HUF | 1.57% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹502, this stock must grow earnings at 34% every year for 7 years. Our analysis caps realistic growth at ~21%. At that growth it is worth ₹265 — downside of 47%.
- Growth the price implies
- 34.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 21.3% a year
- net profit, FY23–FY26 · EPS 21.3%
- The gap
- 0.1 pp
- -47% downside if it only repeats history
Learn to analyse Nitin Castings
Guides on how to read this kind of business and the numbers that matter.