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Nitin Castings Ltd PE Ratio

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Nitin Castings Ltd

NSE: NITINCASTINGS

PE

22.6

Last updated on: Jan 15, 2025

Key Highlights

  • The P/E Ratio of Nitin Castings Ltd is 22.6 as of 15 Jan 15:30 PM .
  • The P/E Ratio of Nitin Castings Ltd changed from 27.3 on March 2020 to 26.3 on March 2024 . This represents a CAGR of -0.74% over 5 years.
  • The Latest Trading Price of Nitin Castings Ltd is ₹ 649 as of 15 Jan 16:01 .
  • The PE Ratio of Castings, Forgings & Fastners Industry has changed from 26.5 to 38.1 in 5 years. This represents a CAGR of 7.53%.
  • The PE Ratio of Automobile industry is 20.3. The PE Ratio of Castings, Forgings & Fastners industry is 38.1. The PE Ratio of Finance industry is 17.8. The PE Ratio of IT - Software industry is 30.4. The PE Ratio of Retail industry is 157.6. The PE Ratio of Textiles industry is 36.9 in 2024.

Historical P/E Ratio of Nitin Castings Ltd

No data available

Company Fundamentals for Nitin Castings Ltd

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Nitin Castings Ltd

NSE: NITINCASTINGS

Share Price

₹ 649

-25.50 (-3.78%)

stock direction

Last updated on: Jan 15, 2025

Market Price of Nitin Castings Ltd

1M

1Y

3Y

5Y

Monitoring Nitin Castings Ltd share price can help you stay informed about potential market shifts and opportunities. *All values are in Rupees.

Last Ten Days Market Price

Date
leftPrice (₹)right
14 Jan 2025674.5
13 Jan 2025667
10 Jan 2025645.1
09 Jan 2025645
08 Jan 2025646.15
07 Jan 2025658
06 Jan 2025675.4
03 Jan 2025673.45
02 Jan 2025676
01 Jan 2025684.5

BlinkX Score for Nitin Castings Ltd

Asset Value vs Market Value of Nitin Castings Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/E Ratio

Company
leftMarket Capright
Nitin Castings Ltd346.78
Bharat Forge Ltd56993
AIA Engineering Ltd31862
PTC Industries Ltd25934
CIE Automotive India Ltd17453

PE Ratio of Nitin Castings Ltd Explained

``

346.78

Market cap

13

Earnings

22.6X

PE Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

PE Ratio of Castings, Forgings & Fastners Industry over time

PE Ratio of Top Sectors

Historical Market Cap of Nitin Castings Ltd

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Nitin Castings Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Historical Dividend Payout of Nitin Castings Ltd

No data available

* All values are in %

About Nitin Castings Ltd

  • Nitin Castings Limited, formerly known as 'Aditya Leasing Limited' incorporated on December 3, 1982 was changed to Nitin Alloys Global Limited on June 6, 2006 and further to 'Nitin Castings Limited' on January 3, 2017.
  • Nitin Castings, a part of Kedia Group manufactures and sells Alloys Steel Castings.
  • The Company offers centrifugal castings for applications in various industries, such as fertilizers and petrochemicals, industrial furnaces, steel plants, sponge iron plants, and pig iron plants; and high alloy steel castings for heat and corrosion resistant applications.
  • The Company has manufacturing unit at Dadra and Nagar Haveli and is having Machining and Fabrication workshop at Valsad, Gujarat. During year 2007-08, the company expanded by increase in production capacity and commenced commercial production.

Nitin Castings Ltd News Hub

Nitin Castings standalone net profit rises 9.09% in the June 2024 quarter

Net profit of Nitin Castings rose 9.09% to Rs 3.96 crore in the quarter ended June 2024 as against R

Read more

2024-08-14 00:00:00

Nitin Castings to declare Quarterly Result

Nitin Castings will hold a meeting of the Board of Directors of the Company on 14 August 2024. Power

Read more

2024-08-12 00:00:00

Nitin Castings schedules AGM

Nitin Castings announced that the 41th Annual General Meeting (AGM) of the company will be held on 2

Read more

2024-09-06 00:00:00

Nitin Castings declare Quarterly Result

Nitin Castings will hold a meeting of the Board of Directors of the Company on 14 November 2024 Powe

Read more

2024-11-12 00:00:00

Product Composition by Percentage (Revenue)

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Annual Reports

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Credit Ratings

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Concalls

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FAQs for PE of Nitin Castings Ltd

What is the current PE Ratio of Nitin Castings Ltd?

The Current PE Ratio of Nitin Castings Ltd is 22.64 as on 15 Jan 2025.

What is the average PE Ratio of the Castings, Forgings & Fastners industry?

The average industry PE Ratio of Castings, Forgings & Fastners is 38.1 as on 15 Jan 2025.

What was the PE Ratio of Nitin Castings Ltd last year?

The PE Ratio of Nitin Castings Ltd was 25.82 last year, now the PE ratio is 22.64, showing a year-on-year growth of -12.3%.

What does the PE Ratio of Nitin Castings Ltd indicate about its stock?

The PE Ratio of Nitin Castings Ltd is 22.64. This ratio indicates that investors are willing to pay 22.64 times the earnings per share for each share of Nitin Castings Ltd.

What is the PE Ratio Growth of Nitin Castings Ltd in comparison to its Earnings per Share (EPS) growth rate?

The PE Ratio of Nitin Castings Ltd grew by -12.3% whereas, the EPS ratio grew by 6.1.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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