NITCO
Nitco share price & financials
- Price
- ₹113.74
- Market cap
- ₹2.3k Cr
- Sector
- Consumer Durables
What Nitco Limited does
NITCO designs, manufactures and retails tiles, marble and mosaic surfaces for architects, builders and homeowners, sourcing marble directly from quarries in 25+ countries and processing it at its automated Breton marble plant in Silvassa. It sells through a pan-India network of dealers, franchise stores and Le Studio experience centres, and also exports to global markets. Alongside this legacy surfaces business, NITCO runs an emerging real estate arm that monetises a large land bank across Maharashtra and Goa through joint development agreements and plot sales with partners such as Total Environment.
Segments
- Tiles, Marble & Mosaic (Legacy)
- Real Estate (Emerging)
- Marble manufacturing plant
- Only automated Breton marble plant in India (Italian technology), one of five such plants globally, located at Silvassa
- Mosaic manufacturing
- Largest mosaic production capacity in the organised sector, plant at Silvassa
- Active dealer network
- 350+ active dealers
- Franchise stores
- 90+ franchise stores
- Experience centres
- 9 exclusive Le Studio experience centres
- Export footprint
- Exports to 21+ countries
Quarterly results
Q1 FY27: revenue down 22.8%, net profit down 118.8% 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 | 65 | 84 | 93 | 150 | 107 +64% | 131 +56% | 152 +63% | 115 −23% |
| EBITDA | -11 | -6 | -6 | 50 | -13 −27% | -6 −2% | -5 +29% | -8 −116% |
| Net profit | -32 | -659 | -2 | 49 | 2 +106% | -11 +98% | -6 −228% | -9 −119% |
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 −18.7% 1Y
1Y: ₹115.25 on 10 Sept 2025 → ₹93.71. High ₹118.48 (30 Sept 2025), low ₹64.95 (13 Mar 2026).
Financials, as filed
Revenue grew 12.1% a year over 3 years, FY23 to FY26. Operating margin widened to 4.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹383 Cr | ₹323 Cr | ₹312 Cr | ₹540 Cr |
| Operating profit | ₹-37 Cr | ₹-37 Cr | ₹-34 Cr | ₹26 Cr |
| Operating margin | -9.6% | -11.4% | -10.8% | 4.9% |
| Interest | ₹73 Cr | ₹95 Cr | ₹66 Cr | ₹5 Cr |
| Depreciation | ₹28 Cr | ₹29 Cr | ₹187 Cr | ₹-8 Cr |
| Net profit | ₹-151 Cr | ₹-157 Cr | ₹-736 Cr | ₹34 Cr |
| Net margin | -39.5% | -48.5% | -236.1% | 6.3% |
| Cash from operations | ₹3 Cr | ₹-1 Cr | ₹-139 Cr | ₹-154 Cr |
| Free cash flow | ₹2 Cr | ₹-2 Cr | ₹-133 Cr | ₹-164 Cr |
| ROCE | -11.0% | -12.0% | -45.0% | 8.0% |
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 | ₹72 Cr | ₹72 Cr | ₹72 Cr | ₹72 Cr | ₹229 Cr | ₹241 Cr |
| Reserves | ₹-141 Cr | ₹-267 Cr | ₹-418 Cr | ₹-574 Cr | ₹73 Cr | ₹145 Cr |
| Borrowings | ₹758 Cr | ₹812 Cr | ₹882 Cr | ₹965 Cr | ₹306 Cr | ₹250 Cr |
| Other liabilities | ₹205 Cr | ₹224 Cr | ₹252 Cr | ₹236 Cr | ₹378 Cr | ₹313 Cr |
| Total liabilities | ₹893 Cr | ₹841 Cr | ₹788 Cr | ₹698 Cr | ₹987 Cr | ₹948 Cr |
| Fixed assets | ₹392 Cr | ₹363 Cr | ₹337 Cr | ₹309 Cr | ₹117 Cr | ₹70 Cr |
| Capital work in progress | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹10 Cr |
| Investments | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹1 Cr | ₹9 Cr |
| Other assets | ₹491 Cr | ₹468 Cr | ₹442 Cr | ₹380 Cr | ₹864 Cr | ₹859 Cr |
| Total assets | ₹893 Cr | ₹841 Cr | ₹788 Cr | ₹698 Cr | ₹987 Cr | ₹948 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 Jul 2026
Since Jun 2025, promoters added +7.73 pp while the public trimmed −6.00 pp. The shareholder count grew 28% to 28,110.
- Promoters
- 24.0%
- FIIs
- 2.1%
- DIIs
- 0.6%
- Public
- 73.3%
Since Jun 2025
- Promoters +7.73 pp
- Public −6.00 pp
- DIIs −1.76 pp
How it drifted, 12 quarters
Over this window the public went from 33.9% to 73.3% — +39.5 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 50.2%, FIIs 0.0%, DIIs 15.9%, Public 33.9%.Mar '24: Promoters 47.9%, FIIs 0.1%, DIIs 15.2%, Public 36.7%.Jun '24: Promoters 47.8%, FIIs 0.2%, DIIs 14.0%, Public 37.9%.Sep '24: Promoters 46.8%, FIIs 0.8%, DIIs 8.4%, Public 44.0%.Dec '24: Promoters 46.8%, FIIs 2.0%, DIIs 6.0%, Public 45.3%.Mar '25: Promoters 16.2%, FIIs 0.4%, DIIs 1.9%, Public 81.5%.Jun '25: Promoters 16.2%, FIIs 2.0%, DIIs 2.4%, Public 79.3%.Sep '25: Promoters 16.2%, FIIs 2.3%, DIIs 2.2%, Public 79.3%.Dec '25: Promoters 16.2%, FIIs 2.2%, DIIs 1.7%, Public 79.9%.Mar '26: Promoters 20.2%, FIIs 2.3%, DIIs 1.5%, Public 76.0%.Jun '26: Promoters 20.2%, FIIs 2.3%, DIIs 0.6%, Public 76.9%.Jul '26: Promoters 24.0%, FIIs 2.1%, DIIs 0.6%, Public 73.3%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Vivek Prannath Talwar +4.34 pp 13.16% held
- Investor Education and Protection Fund (IEPF) newly disclosed 0.04% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Nitco Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Authum Investment And Infrastructure Limited NBFC / DFI | 44.54% | −2.23 pp |
| Vivek Prannath Talwar | 13.16% | +4.34 pp |
| Melisma Finance And Trading Private limited | 10.17% | −0.51 pp |
| Altitude Investment Fund Pcc- Cell 1 FPI fund | 1.72% | −0.08 pp |
| Sukhraj Babulalji Nahar | 1.07% | −0.06 pp |
| Anjali Vivek Talwar | 0.22% | unchanged |
| Ushakiran Builders Private Limitedn | 0.08% | unchanged |
| Lavender Properties Private Limited | 0.08% | unchanged |
| Prakalp Proprties Private Limited | 0.07% | unchanged |
| Poonam Talwar | 0.05% | unchanged |
| Investor Education and Protection Fund (IEPF) | 0.04% | newly disclosed |
| Nitco Tiles And Marble Industries Andhra Pvt Limited | 0.03% | unchanged |
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.
Learn to analyse Nitco Limited
Guides on how to read this kind of business and the numbers that matter.