Nitin Castings

BSE: NITINCAST · Castings & Forgings

52W Range₹260 ₹650

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Snapshot

Unlock Nitin Castings's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nitin Castings Limited manufactures high alloy steel castings and centrifugal casting products, including reformer tubes and radiant coils. The company serves critical industrial sectors such as petrochemicals, fertilizers, and oil refineries with heat, corrosion, and wear-resistant components.

Business Model

The company generates revenue through the manufacturing and supply of specialized metallurgical components for high-temperature industrial applications. It operates a production facility in Dadra and Nagar Haveli to serve both domestic and international clients.

Growth Outlook

Growth is driven by the company's technical expertise in metallurgical engineering and its role as a key supplier for critical infrastructure sectors. Continued demand for high-temperature industrial components in petrochemical and steel plants supports its market position.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and alloy inputs can significantly impact profit margins.
  • Cyclical Industrial Demand. The company's performance is closely tied to the capital expenditure cycles of the petrochemical, fertilizer, and steel industries.
  • Regulatory and Environmental Compliance. Stringent environmental regulations regarding manufacturing processes may increase operational costs.
  • Global Trade Sensitivity. Exposure to international markets introduces risks related to geopolitical instability and global supply chain disruptions.

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Key Metrics

REVENUE

₹0 Cr

TTM · standalone

-100.0%YoY

NET PROFIT

₹11 Cr

TTM · standalone

-14.3%YoY

EPS

₹20.68

TTM · standalone

-14.3%YoY

RETURN ON EQUITY

19.3%

TTM · standalone

+1.6 ppYoY

RETURN ON CAPITAL EMPLOYED

24.5%

TTM · standalone

+1.4 ppYoY

P/E

25.8x

Q4 FY26 · standalone

25.8 vs 33.1x5Y avg

EV/EBITDA

17.2x

Q4 FY26 · standalone

17.2 vs 20.3x5Y avg

EBITDA MARGIN

53.8%

TTM · standalone

+39.1 ppYoY

NET PROFIT MARGIN

5.3%

Q3 FY25 · standalone

-3.6 ppYoY

DEBT TO EQUITY

0.1x

Q3 FY25 · standalone

+0.05xYoY

Peers · Castings & Forgings

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nitin CastingsNITINCAST
₹161 Cr15.159.99-100.0%53.8%19.3%24.5%-50.7%
NelcastNELCAST
₹1,043 Cr25.3410.834.2%8.4%7.1%12.5%-18.5%
Synergy Green Industries LimitedSGIL
₹945 Cr-106.8028.81-2.5%11.6%-8.1%6.9%+13.9%
Tirupati ForgeTIRUPATIFL
₹901 Cr142.4147.1011.7%5.1%8.1%+80.5%
Neetu YoshiNEETUYOSHI
₹624 Cr31.0%+20.2%
Magna Electro Castings Ltd.MAGNAELQ
₹526 Cr28.4515.3511.3%17.8%13.9%17.9%+7.7%

As of Q4 FY26

Financials