Nitin Castings
- Market cap
- ₹ 224 Cr.
- P/E
- 28.4x
- P/B
- 2.45x
- 52-week range
- 260 – 650
- ROE
- 13%
- ROCE
- 16%
- Dividend yield
- 0%
- Debt / equity
- 0.15
- Sector
- Industrial Products
- Industry
- Castings & Forgings
- Listed on
- BSE
About
Nitin Castings Limited is engaged in the business of manufacturing alloy steel casting in the range of static centrifugal and investment castings. The Company’s processes include centrifugal castings, sand castings, shell molded castings, and investment castings. The centrifugal castings division offers a range of centrifugal casting solutions to meet diverse industrial needs. Its centrifugal casting processes include horizontal centrifugal casting and vertical centrifugal casting. It has a capability to produce castings ranging from five grams up to three metric tons in a single piece. It provides ready-to-fit components for a range of industries. The Company serves various industries, including petrochemicals and oil refineries, fertilizers, steel plants, cement plants, industrial furnaces, decanter machines, and general engineering. It produces high-performance castings for industrial furnaces, designed to endure extreme temperatures and harsh operational conditions.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Castings & Forgings: 30 companies →Nitin Castings against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28.4 against a typical 26.1: pricier than most peers (1st = cheapest).18th of 30
- Sales growth−23.2% against a typical +8% from a year earlier.23rd of 23
- Profit growth−53.1% against a typical +4.9% from a year earlier.19th of 22
- Share price, 3 months−14% against a typical +0.1%.22nd of 28
- Size₹ 223.6 Cr. market value against a typical ₹ 208.1 Cr. (1st = largest).15th of 30
Research by Minerva Capital Research Solutions
Our research team's work on Nitin CastingsAlso covered in
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 34 | 39 | 40 | 38 | 34 | 39 | 36 | 36 | 40 | 35 | 27 |
| Expenses | 36 | 31 | 34 | 35 | 34 | 31 | 35 | 30 | 34 | 39 | 31 | 26 |
| Operating Profit | 4 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 2 | 2 | 4 | 2 |
| OPM % | 9.2% | 8.8% | 13% | 11.5% | 10.5% | 7.6% | 8.8% | 15.4% | 6.5% | 4.3% | 10.9% | 6% |
| Other Income | 1 | 1 | −2 | 2 | 2 | 1 | 1 | 3 | 0 | 1 | −0 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 3 | 6 | 5 | 3 | 3 | 7 | 2 | 2 | 3 | 3 |
| Tax % | 22% | 22.3% | 19.7% | 28.3% | 20.6% | 31.3% | 26.4% | 23.4% | 27.1% | 5.1% | 31.6% | 21.7% |
| Net Profit | 3 | 3 | 2 | 4 | 4 | 2 | 2 | 6 | 1 | 2 | 2 | 3 |
| EPS in Rs | 6.2 | 5.84 | 4.49 | 7.7 | 8.17 | 3.5 | 4.77 | 11.11 | 2.88 | 3.29 | 3.4 | 5.21 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 19%
- 3 Years
- 3%
- TTM
- −5%
- 10 Years
- —
- 5 Years
- 28%
- 3 Years
- 31%
- TTM
- −42%
- 10 Years
- 24%
- 5 Years
- 25%
- 3 Years
- −18%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 13%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Nitin Castings | ₹ 450.00 | ₹ 224 Cr. | 28.4x | 2.5x | 13% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.7x | 3x | — | 14.8% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 18x | 2.1x | — | 4.7% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 26.1x | 2.1x | — | 4.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 26.9x | 7.3x | — | 22.3% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 17.6x | 1.2x | — | 3.8% |
Management
- Nitin Shantikumar Kedia
- Executive Chairman of the Board, Managing Director
- Nirmal Bhagirathprasad Kedia
- Chief Financial Officer, Executive Director
- Ishan Kumar Verma
- Compliance Officer, Company Secretary
- Nipun Nitin Kedia
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.