On 6 Nov 2026, Nitin Castings was priced at ₹447.90, or 30.3× trailing earnings, against an industry P/E of 25.1×, and the shares are 31% below their 52-week high. Sales and net profit grew 3.3% and 30% a year over 3 years, with ROCE of 15% and ROE of 12%. Debt is 0.15× equity. It is a small-cap company with a market cap of ₹230 Cr, ranked 44th of 71 Metal Fabrication companies by market cap; the shares fell 15% over the past year.
- ₹423.00
- ₹448.00
- ₹406.70
- ₹428.10
- 130
Health check
- ReturnsBehind
−14.9% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 30.3 vs industry 25.1.
- GrowthSteady
Sales +3.3%, profit +29.5% a year over 3 years.
- ProfitabilityAverage
ROCE 14.8% vs peer median 15.6%.
- Balance sheetFair
Debt 0.15× equity, interest covered 20.7×, Piotroski 5 of 9.
- Red flags3 to check
Quarterly profit down 53.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹230 Cr
- Small cap
- P/E
- 30.3
- Industry 25.1
- Price to book
- 2.51
- Peers 7.00
- Dividend yield
- 0.00%
- ROE
- 12.2%
- Peers 8.6%
- ROCE
- 14.8%
- Peers 15.6%
- Debt to equity
- 0.15
- Debt ₹14 Cr
- EPS (TTM)
- ₹14.78
- OPM (TTM)
- 6.8%
- Net margin 5.5%
- Sales growth
- −23.2%
- Latest quarter vs a year ago
- Profit growth
- −53.1%
- Latest quarter vs a year ago
- Price to sales
- 1.66
- EV/EBITDA 20.5
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 53.1% on a year ago.
- Quarterly sales down 23.2% on a year ago.
- 31% below its 52-week high.
About Nitin Castings
Nitin Castings Limited manufactures, sells, and exports alloy steel castings in India and internationally. It offers centrifugal, sand, shell-molded, and investment castings. The company was formerly known as Nitin Alloys Global Limited and changed its name to Nitin Castings Limited in October 2016. Nitin Castings Limited was founded in 1964 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 267
- Sector
- Industrials
- ISIN
- INE861H01020
- Website
- nitincastings.com
Price range
- Avg volume (3M)
- 883
- 1-year return
- minus 14.9%
- From 52-week high
- minus 31.1%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| NITINCASTNitin Castings | 447.90 | plus 4.63% | 230 | 30.3 | 2.51 | 14.8% | 12.2% | 6.8% | 3.3% | 29.5% | 0.00% | minus 14.9% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 35.7 | 36.5 | 40.3 | 34.6 | 27.5 | |
| 30.2 | 34.1 | 38.5 | 30.9 | 25.8 | |
| 5.5 | 2.4 | 1.7 | 3.8 | 1.7 | |
| 15.4% | 6.5% | 4.3% | 10.9% | 6.1% | |
| 2.6 | 0.4 | 1.5 | −0.4 | 2.6 | |
| 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | |
| 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | |
| – | – | −0.6 | – | – | |
| 7.4 | 2 | 1.8 | 2.6 | 3.4 | |
| 23.3% | 27.2% | 5.0% | 31.5% | 21.6% | |
| 5.7 | 1.5 | 1.7 | 1.8 | 2.7 | |
| 11.10 | 2.88 | 3.29 | 3.41 | 5.20 |
Profit & loss
- Sales CAGR 3Y
- +3.3%
- Profit CAGR 3Y
- +29.5%
- EPS CAGR 3Y
- +29.5%
- ROE
- 12.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 133 | 149 | 151 | 147 | |
| – | +11.5% | +1.2% | minus 2.3% | |
| 122 | 134 | 134 | 132 | |
| 11.2 | 15 | 16.6 | 15.2 | |
| 8.4% | 10.1% | 11.0% | 10.4% | |
| −0.1 | 4.7 | 0.2 | 0.1 | |
| 0.1 | 0.2 | 0.4 | 0.7 | |
| 1.8 | 1.7 | 2.1 | 2.3 | |
| −0.7 | −2.4 | 2.4 | 1.5 | |
| 8.5 | 15.4 | 16.8 | 13.8 | |
| 42.5% | 21.5% | 26.0% | 23.1% | |
| 4.9 | 12.1 | 12.4 | 10.6 | |
| – | +147.9% | +2.3% | minus 14.4% | |
| 9.51 | 23.59 | 24.14 | 20.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.6 | 2.6 | 2.6 | 2.6 | |
| 57.3 | 69.1 | 80 | 89.2 | |
| 9.9 | 4.9 | 7.5 | 13.9 | |
| 22.2 | 32.7 | 39.2 | 34.8 | |
| 91.9 | 109 | 129 | 140 | |
| 21.8 | 25 | 30.1 | 38 | |
| – | – | – | 5.3 | |
| 0.7 | 0.5 | 0.6 | 0.5 | |
| 25.3 | 35.7 | 46 | 50.1 | |
| 44.1 | 48.1 | 52.6 | 46.5 | |
| 91.9 | 109 | 129 | 140 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | 17.4 | 17.8 | 9.3 | |
| −7.5 | −12.7 | −18.6 | −13.4 | |
| 5.7 | −5.5 | 0.6 | 4.1 | |
| −0.9 | −0.8 | −0.2 | 0 | |
| −0.3 | −5.5 | −8.4 | −10.7 | |
| 0.6 | 11.9 | 9.4 | −1.4 | |
| −0.3 | −0.4 | −1.5 | −1.5 |
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
No recent news coverage found.