As of 6 Nov 2026, National Fittings trades at 25.5× trailing earnings, above the industry P/E of 24.8×, and the shares are 19% below their 52-week high. Its ROCE of 14% is the second-lowest among the 7 largest Building Products & Equipment peers, and sales and net profit grew 1.9% and 28% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.19× equity. It is a small-cap company with a market cap of ₹266 Cr, ranked 31st of 64 Building Products & Equipment companies by market cap; the shares rose 44% over the past year.
- ₹289.80
- ₹296.75
- ₹281.00
- ₹282.65
- 14.7K
Health check
- ReturnsAhead
+43.9% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 25.5 vs industry 24.8.
- GrowthSteady
Sales +1.9%, profit +27.5% a year over 3 years.
- ProfitabilityWeak
ROCE 14.3% vs peer median 20.7%.
- Balance sheetFair
Debt 0.19× equity, interest covered 20.8×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹266 Cr
- Small cap
- P/E
- 25.5
- Industry 24.8
- Price to book
- 2.81
- Peers 7.95
- Dividend yield
- 0.34%
- ROE
- 12.8%
- Peers 18.7%
- ROCE
- 14.3%
- Peers 20.7%
- Debt to equity
- 0.19
- Debt ₹18 Cr
- EPS (TTM)
- ₹11.48
- OPM (TTM)
- 15.8%
- Net margin 10.8%
- Sales growth
- +31.8%
- Latest quarter vs a year ago
- Profit growth
- +50.2%
- Latest quarter vs a year ago
- Price to sales
- 2.50
- EV/EBITDA 15.6
Strengths and risks
Strengths
- Quarterly profit up 50.2% on a year ago.
- Quarterly sales up 31.8% on a year ago.
About National Fittings
National Fittings Limited engages in the manufacture and sale of SG iron grooved and screwed pipe fittings, stainless pipe fittings, and ball valves for industrial and non-industrial applications in India. The company offers grooved pipe and screwed pipe, including ductile iron, and stainless steel; valves, includes ball, butterfly and check ductile valves; and pumps, including centrifugal, mini monoblock, open well, booster, submersible, dewatering,…
- Headquarters
- Vadodara
- Employees
- 51
- Sector
- Industrials
- ISIN
- INE643C01015
- Website
- nationalfitting.com
Price range
- Avg volume (3M)
- 34.9K
- 1-year return
- plus 43.9%
- From 52-week high
- minus 18.8%
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| NATFITNational Fittings | 293.20 | plus 3.73% | 266 | 25.5 | 16.7 | 14.3% | 15.8% | 0.18 | 1.9% | plus 43.9% |
| Median of 7 peers | – | −1.95% | 32,381 | 46.0 | 31.1 | 20.7% | 15.5% | 0.08 | 6.8% | −5.4% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 23.5 | 20.6 | 23.6 | 23.5 | 27.1 | |
| – | – | – | +0.2% | +31.8% | |
| 20 | 17 | 20.8 | 20.3 | 21.8 | |
| 3.5 | 3.6 | 2.8 | 3.2 | 5.3 | |
| 14.7% | 17.4% | 12.0% | 13.7% | 19.7% | |
| 1.2 | 0.9 | 1 | 1.7 | 0.9 | |
| 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | |
| 0.5 | 0.7 | 0.7 | 0.8 | 0.8 | |
| 12.3 | – | – | – | – | |
| 16.4 | 3.6 | 2.9 | 3.8 | 5.2 | |
| 11.4% | 27.1% | −0.1% | 54.2% | 24.5% | |
| 14.5 | 2.6 | 2.9 | 1.7 | 3.9 | |
| – | – | – | minus 88.1% | +50.2% | |
| 15.96 | 2.89 | 3.22 | 1.89 | 4.34 |
Profit & loss
- Sales CAGR 3Y
- +1.9%
- Profit CAGR 3Y
- +27.5%
- EPS CAGR 3Y
- +27.5%
- ROE
- 12.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 84.5 | 74.9 | 75.6 | 89.5 | |
| – | minus 11.3% | +0.9% | +18.3% | |
| 73.5 | 63.7 | 67.1 | 75.6 | |
| 11 | 11.3 | 8.5 | 13.9 | |
| 13.0% | 15.0% | 11.3% | 15.5% | |
| 0.3 | 2.2 | 2.3 | 3.7 | |
| 1 | 1.2 | 0.6 | 0.7 | |
| 3.4 | 3.5 | 3 | 2.9 | |
| −0.3 | −0.8 | 19 | −0.9 | |
| 6.6 | 8 | 26.2 | 13 | |
| 33.1% | 27.2% | 11.2% | 30.2% | |
| 4.4 | 5.8 | 23.3 | 9.1 | |
| – | +33.1% | +298.9% | minus 60.9% | |
| 4.83 | 6.43 | 25.66 | 10.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.1 | 9.1 | 9.1 | 9.1 | |
| 45.9 | 50.3 | 71.9 | 80 | |
| 20.3 | 15.4 | 5.4 | 15.7 | |
| 14 | 13.5 | 16.4 | 15.1 | |
| 89.2 | 88.2 | 103 | 120 | |
| 50.4 | 49.9 | 27.5 | 28.9 | |
| 3.4 | 5.1 | 0.4 | 3.1 | |
| 1.5 | 1.6 | 0.4 | 0.5 | |
| 9.8 | 11.9 | 50 | 49.8 | |
| 24.1 | 19.8 | 24.5 | 37.6 | |
| 89.2 | 88.2 | 103 | 120 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.7 | 9.7 | 8.3 | −3.9 | |
| −5.4 | −2.2 | 37.3 | −2.2 | |
| −0 | −7.5 | −12.2 | 6.1 | |
| 0.3 | −0 | 33.3 | 0 | |
| −6.1 | −3.4 | −2.8 | −5.7 | |
| −0.4 | 6.3 | 5.4 | −9.6 | |
| −0.9 | −1.4 | −1.4 | −0.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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