New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 9.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (₹1.71b market cap, or US$17.9m). Reported Earnings • Aug 16
First quarter 2027 earnings released: EPS: ₹5.20 (vs ₹11.10 in 1Q 2026) First quarter 2027 results: EPS: ₹5.20 (down from ₹11.10 in 1Q 2026). Revenue: ₹300.7m (down 16% from 1Q 2026). Net income: ₹26.8m (down 53% from 1Q 2026). Profit margin: 8.9% (down from 16% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 10
Nitin Castings Limited to Report Q1, 2027 Results on Aug 14, 2026 Nitin Castings Limited announced that they will report Q1, 2027 results on Aug 14, 2026 Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹432, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 14% over the past three years. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹2.92b market cap, or US$30.5m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹20.67 (vs ₹24.14 in FY 2025) Full year 2026 results: EPS: ₹20.67 (down from ₹24.14 in FY 2025). Revenue: ₹1.51b (flat on FY 2025). Net income: ₹106.3m (down 14% from FY 2025). Profit margin: 7.0% (down from 8.2% in FY 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 22
Nitin Castings Limited to Report Q4, 2026 Results on May 27, 2026 Nitin Castings Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₹2.96b market cap, or US$32.5m). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹502, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 121% over the past three years. Tillkännagivande • Feb 02
Citrus Castings Private Limited, Nirmal Kedia and Nitin Kedia proposed to acquire remaining 28.61% stake in Nitin Castings Limited (BSE:508875) from public shareholders. Citrus Castings Private Limited, Nirmal Kedia and Nitin Kedia proposed to acquire remaining 28.61% stake in Nitin Castings Limited (BSE:508875) from public shareholders on January 30, 2026.
The transaction is subject to approval from stock exchange, approval of merger agreement by Nitin Castings Limited board and shareholders and receipt of sufficient valid tenders of Equity Shares. Meeting of board of directors will be held on February 4, 2026, to approve the acquisition.
Navigant Corporate Advisors Limited acted as manager to Citrus Castings Private Limited, Nirmal Kedia and Nitin Kedia. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹553, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 188% over the past three years. Reported Earnings • Jan 18
Third quarter 2026 earnings released: EPS: ₹3.29 (vs ₹3.50 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.29 (down from ₹3.50 in 3Q 2025). Revenue: ₹417.6m (up 24% from 3Q 2025). Net income: ₹16.9m (down 6.0% from 3Q 2025). Profit margin: 4.0% (down from 5.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jan 13
Nitin Castings Limited to Report Q3, 2026 Results on Jan 17, 2026 Nitin Castings Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 17, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹2.88 (vs ₹8.17 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.88 (down from ₹8.17 in 2Q 2025). Revenue: ₹368.4m (down 3.9% from 2Q 2025). Net income: ₹14.8m (down 65% from 2Q 2025). Profit margin: 4.0% (down from 11% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 07
Nitin Castings Limited to Report Q2, 2026 Results on Nov 14, 2025 Nitin Castings Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Buy Or Sell Opportunity • Oct 12
Now 20% overvalued Over the last 90 days, the stock has fallen 22% to ₹480. The fair value is estimated to be ₹399, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 36%. Upcoming Dividend • Aug 18
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 25 August 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%). Tillkännagivande • Aug 09
Nitin Castings Limited to Report Q1, 2026 Results on Aug 14, 2025 Nitin Castings Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Aug 08
Full year 2025 earnings released: EPS: ₹24.14 (vs ₹23.59 in FY 2024) Full year 2025 results: EPS: ₹24.14 (up from ₹23.59 in FY 2024). Revenue: ₹1.51b (up 1.4% from FY 2024). Net income: ₹124.1m (up 2.3% from FY 2024). Profit margin: 8.2% (up from 8.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 31
Nitin Castings Limited, Annual General Meeting, Sep 01, 2025 Nitin Castings Limited, Annual General Meeting, Sep 01, 2025. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹3.47b market cap, or US$40.2m). Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹24.14 (vs ₹23.59 in FY 2024) Full year 2025 results: EPS: ₹24.14 (up from ₹23.59 in FY 2024). Revenue: ₹1.54b (up 3.7% from FY 2024). Net income: ₹124.1m (up 2.3% from FY 2024). Profit margin: 8.0% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 21
Nitin Castings Limited to Report Q4, 2025 Results on May 28, 2025 Nitin Castings Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 28, 2025 Buy Or Sell Opportunity • Feb 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to ₹486. The fair value is estimated to be ₹627, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹2.76b market cap, or US$31.8m). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹536, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 387% over the past three years. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹3.50 (vs ₹5.84 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.50 (down from ₹5.84 in 3Q 2024). Revenue: ₹345.2m (up 2.4% from 3Q 2024). Net income: ₹18.0m (down 40% from 3Q 2024). Profit margin: 5.2% (down from 8.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 04
Nitin Castings Limited to Report Q3, 2025 Results on Feb 07, 2025 Nitin Castings Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Tillkännagivande • Nov 12
Nitin Castings Limited to Report Q2, 2025 Results on Nov 14, 2024 Nitin Castings Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Board Change • Sep 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Chintan Rambhia was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 13
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%). Tillkännagivande • Sep 05
Nitin Castings Limited Recommends Final Dividend for the Fiscal Year 2023-2024 Nitin Castings Limited recommended Final Dividend at INR 60% i.e. INR 3/- per Equity Share on the face value of INR 5/- each for the fiscal year 2023-2024. The Record Date has been fixed as 21 September, 2024 for the purpose of ascertaining the members entitled to the Final Dividend. If the final dividend as recommended by the Board of Directors is approved at the upcoming Annual General Meeting, payment of such dividend subject to deduction of tax at source, will be made within 30 days from the date of approval by the shareholders in the ensuing Annual General Meeting. Tillkännagivande • Sep 02
Nitin Castings Limited, Annual General Meeting, Sep 28, 2024 Nitin Castings Limited, Annual General Meeting, Sep 28, 2024, at 12:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹7.70 (vs ₹7.05 in 1Q 2024) First quarter 2025 results: EPS: ₹7.70 (up from ₹7.05 in 1Q 2024). Revenue: ₹413.7m (up 16% from 1Q 2024). Net income: ₹39.6m (up 9.3% from 1Q 2024). Profit margin: 9.6% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 08
Nitin Castings Limited to Report Q1, 2025 Results on Aug 14, 2024 Nitin Castings Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹767, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 871% over the past three years. Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹23.59 (vs ₹9.52 in FY 2023) Full year 2024 results: EPS: ₹23.59 (up from ₹9.52 in FY 2023). Revenue: ₹1.53b (up 15% from FY 2023). Net income: ₹121.3m (up 148% from FY 2023). Profit margin: 7.9% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 17
Nitin Castings Limited to Report Q4, 2024 Results on May 22, 2024 Nitin Castings Limited announced that they will report Q4, 2024 results on May 22, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹528, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 661% over the past three years. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (₹3.00b market cap, or US$36.2m). Tillkännagivande • Feb 06
Nitin Castings Limited to Report Q3, 2024 Results on Feb 13, 2024 Nitin Castings Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Tillkännagivande • Dec 08
Nitin Castings Limited Approves Appointment of Mr. Chintan Tarun Rambhia as an Independent Director Nitin Castings Limited announced that at its EGM held on December 8, 2023, shareholders approved the appointment of Mr. Chintan Tarun Rambhia as an Independent Director of the company. Tillkännagivande • Nov 04
Nitin Castings Limited to Report Q2, 2024 Results on Nov 09, 2023 Nitin Castings Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Tillkännagivande • Aug 18
Nitin Castings Limited Approves Final Dividend for the Year Ended 31St March, 2023 Nitin Castings Limited approved final dividend of INR 0.75/- per equity share for the year ended 31st March, 2023 at its AGM held on august 17, 2023. Tillkännagivande • Aug 05
Nitin Castings Limited to Report Q1, 2024 Results on Aug 11, 2023 Nitin Castings Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Upcoming Dividend • Aug 03
Upcoming dividend of ₹0.75 per share at 0.2% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 16 September 2023. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (7.4%). Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Jayaprakash Preethi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (₹2.43b market cap, or US$29.6m). Reported Earnings • Jul 26
Full year 2023 earnings released Full year 2023 results: Revenue: ₹1.34b (up 39% from FY 2022). Net income: ₹48.9m (down 5.2% from FY 2022). Profit margin: 3.6% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jun 24
Nitin Castings Limited, Annual General Meeting, Aug 17, 2023 Nitin Castings Limited, Annual General Meeting, Aug 17, 2023, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹566, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 948% over the past three years. Tillkännagivande • Jun 01
Nitin Castings Limited Recommends Final Dividend for the Financial Year 2022-23 Nitin Castings Limited announced that at its board meeting held on May 30, 2023, the board recommended a final dividend of INR 0.75 per equity share of face value of INR 5 each for the financial year 2022-23 (i.e., 15% of the face value) subject to approval of shareholders in the ensuing annual general meeting. Tillkännagivande • May 23
Nitin Castings Limited to Report Q4, 2023 Results on May 30, 2023 Nitin Castings Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹384, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 510% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹304, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 375% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹266, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 278% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹4.67 (vs ₹2.10 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.67 (up from ₹2.10 in 3Q 2022). Revenue: ₹354.7m (up 30% from 3Q 2022). Net income: ₹24.0m (up 123% from 3Q 2022). Profit margin: 6.8% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 14
Nitin Castings Limited Appoints Nirmal B. Kedia as A Chief Financial Officer Nitin Castings Limited at the board meeting held on February 13, 2023 approved appointment of Mr. Nirmal B. Kedia as a Chief Financial officer and Key Managerial personnel of the company. Mr. Nirmal B. Kedia Holds a Bachelo/s degree in Commerce from University of Bombay. He has more than 2 decades of experience in the field of Management, Finance, Chemical, Castings, Engineering Construction & Software Industry. Tillkännagivande • Feb 02
Nitin Castings Limited to Report Q3, 2023 Results on Feb 13, 2023 Nitin Castings Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹211, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹182, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹154, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 125% over the past three years. Tillkännagivande • Nov 16
Nitin Castings Limited Announces Resignation of Muskan Jain from the Post of Company Secretary & Compliance Officer Nitin Castings Limited announced that the Board considered and approved/taken note of following: Resignation letter dated November 15, 2022 from Ms. Muskan Jain from the post of company secretary & compliance Officer of the company with immediate effect, due to personal reason. The Board has accepted her resignation and has relieved her from the responsibilities. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Preethi Anand was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 05
Nitin Castings Limited to Report Q2, 2023 Results on Nov 12, 2022 Nitin Castings Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Tillkännagivande • Sep 30
Nitin Castings Limited Approves Final Dividend for the Year Ended March 31, 2022 Nitin Castings Limited announced that at its AGM held on 29 September 2022, declared and approved the final dividend of INR 0.50 per equity share for the year ended March 31, 2022. Upcoming Dividend • Sep 16
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 5.7% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.8%). Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Preethi Anand was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹118, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 59% over the past three years. Tillkännagivande • Jun 14
Nitin Castings Limited Announces Demise of Murlidhar J Gupta, Chief Financial Officer Nitin Castings Limited announced the sudden and sad demise of Mr. Murlidhar J Gupta, Chief Financial Officer (CFO) of the Company, on June 12, 2022. Mr. Gupta was appointed on the Board of the Company on March 25, 2017 and played crucial leadership roles through his long career at Nitin Castings Ltd; the company immensely benefitted from his vision and leadership during his tenure. His sudden and unexpected passing away will be an irreparable loss to the Company and all the directors and employees of the company convey deep sympathy, sorrow and condolences to his family. Tillkännagivande • May 20
Nitin Castings Limited to Report Q4, 2022 Final Results on May 28, 2022 Nitin Castings Limited announced that they will report Q4, 2022 final results on May 28, 2022 Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.10 (up from ₹2.08 in 3Q 2021). Revenue: ₹272.4m (up 35% from 3Q 2021). Net income: ₹10.8m (flat on 3Q 2021). Profit margin: 4.0% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 03
Nitin Castings Limited to Report Q3, 2022 Results on Feb 12, 2022 Nitin Castings Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹103, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • Sep 10
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 25 October 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹89.05, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹2.06 (vs ₹0.70 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹190.3m (up 175% from 1Q 2021). Net income: ₹10.6m (up ₹14.2m from 1Q 2021). Profit margin: 5.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₹103, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 17% share price gain to ₹85.00, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total loss to shareholders of 1.4% over the past three years. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹2.08 (vs ₹0.96 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹208.8m (up 33% from 3Q 2020). Net income: ₹10.7m (up 116% from 3Q 2020). Profit margin: 5.1% (up from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Is New 90 Day High Low • Feb 10
New 90-day high: ₹75.20 The company is up 67% from its price of ₹45.00 on 12 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 38% over the same period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 24% share price gain to ₹75.20, the stock is trading at a trailing P/E ratio of 43.4x, up from the previous P/E ratio of 35.1x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total returns to shareholders over the past three years are 4.0%. Tillkännagivande • Feb 05
Nitin Castings Limited to Report Q3, 2021 Results on Feb 12, 2021 Nitin Castings Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₹61.00, the stock is trading at a trailing P/E ratio of 35.2x, up from the previous P/E ratio of 29.4x. This compares to an average P/E of 17x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Jan 07
New 90-day high: ₹58.40 The company is up 9.0% from its price of ₹53.70 on 08 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 49% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹56.00 The company is up 9.0% from its price of ₹51.35 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 19% share price gain to ₹55.10, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 26.8x. This compares to an average P/E of 13x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 45%. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 15% share price gain to ₹52.50, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 26.3x. This compares to an average P/E of 13x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 47%. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹2.34 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹136.8m (down 23% from 2Q 2020). Net income: ₹12.0m (up 56% from 2Q 2020). Profit margin: 8.8% (up from 4.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 09
New 90-day low: ₹44.30 The company is down 11% from its price of ₹50.00 on 06 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. Tillkännagivande • Nov 07
Nitin Castings Limited to Report Q2, 2021 Results on Nov 12, 2020 Nitin Castings Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Tillkännagivande • Sep 08
Nitin Castings Limited Announces Its Directors Do Not Recommend Any Dividend for the Financial Year 2019-2020 Nitin Castings Limited announced that its Directors do not recommend any dividend for the financial Year 2019-2020. Tillkännagivande • Aug 23
Nitin Castings Limited to Report Q1, 2021 Results on Aug 31, 2020 Nitin Castings Limited announced that they will report Q1, 2021 results on Aug 31, 2020 Tillkännagivande • Jun 20
Nitin Castings Limited to Report Q4, 2020 Results on Jun 29, 2020 Nitin Castings Limited announced that they will report Q4, 2020 results on Jun 29, 2020