NITCO Limited, together with its subsidiaries, manufactures and sells floor and wall solutions in India.
Adequate balance sheet with weak fundamentals.
Share Price & News
How has NITCO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 532722's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 532722 underperformed the Indian Building industry which returned 14.9% over the past year.
Return vs Market: 532722 underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is NITCO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is NITCO undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 532722 (₹23.6) is trading above our estimate of fair value (₹7.81)
Significantly Below Fair Value: 532722 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 532722 is unprofitable, so we can't compare its PE Ratio to the Building industry average.
PE vs Market: 532722 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 532722's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 532722 is overvalued based on its PB Ratio (2.6x) compared to the IN Building industry average (0.9x).
How is NITCO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NITCO has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine NITCO's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- NITCO competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has NITCO performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532722 is currently unprofitable.
Growing Profit Margin: 532722 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 532722 is unprofitable, but has reduced losses over the past 5 years at a rate of 8% per year.
Accelerating Growth: Unable to compare 532722's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 532722 is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (1.2%).
Return on Equity
High ROE: 532722 has a negative Return on Equity (-109.19%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is NITCO's financial position?
Financial Position Analysis
Short Term Liabilities: 532722's short term assets (₹7.0B) exceed its short term liabilities (₹4.6B).
Long Term Liabilities: 532722's short term assets (₹7.0B) do not cover its long term liabilities (₹7.1B).
Debt to Equity History and Analysis
Debt Level: 532722's debt to equity ratio (1172.5%) is considered high.
Reducing Debt: 532722's debt to equity ratio has reduced from 12458.9% to 1172.5% over the past 5 years.
Inventory Level: 532722 has a high level of physical assets or inventory.
Debt Coverage by Assets: 532722's debt is not covered by short term assets (assets are 0.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 532722 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 532722 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20% per year.
What is NITCO's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 532722's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 532722's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 532722's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 532722's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 532722 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 532722's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mahesh Shah 0
Mr. Mahesh Shah has been the Chief Executive Officer of Nitco Limited since October 24, 2018.
|Chairman & MD||0yrs||no data||8.84% ₹154.3m|
|Independent Director||5.3yrs||₹235.00k||no data|
|Independent Director||4.9yrs||₹135.00k||no data|
|Nominee Director||1.4yrs||₹60.00k||no data|
|Nominee Director||1.4yrs||₹60.00k||no data|
|Independent Director||0.6yrs||no data||no data|
Experienced Board: 532722's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NITCO Limited's company bio, employee growth, exchange listings and data sources
- Name: NITCO Limited
- Ticker: 532722
- Exchange: BSE
- Founded: 1953
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: ₹1.746b
- Shares outstanding: 71.86m
- Website: https://www.nitco.in
Number of Employees
- NITCO Limited
- Plot No.3
- Nitco House
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|532722||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2006|
|NITCO||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Mar 2006|
NITCO Limited, together with its subsidiaries, manufactures and sells floor and wall solutions in India. The company operates through two segments, Tiles and Other Related Products; and Real Estate segments. It offers floor tiles, such as ceramic tiles, vitrified tiles – soluble salt, ultra/double charged, gres porcelain tiles (naturoc), and HD digital tiles; wall tiles, including HD digital tiles, base tiles, and highlighters; natural and engineered marbles; mosaic, which cover signature, magnum opus, décor, solitaire, creust, and frame collections, as well as steps risers and skirtings; and metal crafts. The company sells its products through approximately 5,000 sub dealers and 1,000 direct dealers; and operates 11 display centers under the Le Studio brand name, as well as 175 showrooms as franchisees under the Le Studio Express and Nitco Look names. In addition, NITCO Limited exports its products to Nepal, South Africa, the United Arab Emirates, Belgium, Ireland, Thailand, Bahrain, Uganda, Seychelles, Botswana, Zambia, Maldives, Poland, Qatar, Australia, Bhutan, Kenya, Ethiopia, Singapore, Kuwait, Taiwan, Tanzania, Fiji, Canada, and internationally. Further, the company develops real estate projects. NITCO Limited was founded in 1953 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 12:50|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.