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Nitin Castings Ltd Fundamentals

Market Cap
₹ 318.22 Cr
P/E Ratio (TTM)
30.28
P/B Ratio
4.80
Debt to Equity
0.12
ROE
8.49
EPS (TTM)
20.44
Dividend Yield
0.12 %
Book Value
129.04

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Nitin Castings Ltd Financials

Nitin Castings Ltd Financials

Nitin Castings Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 71.39 % 71.39 % 71.39 % 71.39 %
Retail 22.89 % 22.81 % 22.85 % 22.85 %
Others 5.72 % 5.80 % 5.76 % 5.76 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %
FII 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

71.39%

Retail

22.89%

Others

5.72%

Mutual Funds

0.00%

FII

0.00%

Promoters

71.39%

Retail

22.81%

Others

5.80%

Mutual Funds

0.00%

FII

0.00%

Promoters

71.39%

Retail

22.85%

Others

5.76%

Mutual Funds

0.00%

FII

0.00%

Promoters

71.39%

Retail

22.85%

Others

5.76%

Mutual Funds

0.00%

FII

0.00%

Resistance and Support

₹600.90

PIVOT

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Resistance
First Resistance₹601.450
Second Resistance₹602.550
Third Resistance₹603.100
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Support
First Support₹599.800
Second Support₹599.250
Third Support₹598.150

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day34934297.99
Week3493160.00
1 Month3494890.00
6 Months137,259100,26578.08

About Nitin Castings Ltd

Nitin Alloys Global Ltd (Formerly known Nitin Alloys Global Limited) 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. Nitin Alloys Global Ltd, a part of the Kedia group was formed on 3rd December, 1982 with the name Aditya Leasing Ltd. The name of the company was changed from Aditya Leasing Ltd to Nitin Alloys Global Ltd with effect from June 6, 2006. During the year 2007-08, the company completed the expansion process of their increase in production capacity and commenced commercial prodcution. They entered into the field of manufacturing of Centrifugal Castings by increasing their product range. Thus, the production capacity of Alloy Steel Castings (Static & Centrifugal) increased from 1,200 MT to 3,000 MT. The Company installed a new pilot plant of Investment Castings with the total capacity of 10 M.T. per month, which commenced operations effective on 28th Feb' 15. During 2015-16, the Company got into a Scheme of Arrangement, approved by Hon'ble High Court of Bombay between Rajshila Construction Private Limited (earlier known as Nitin Castings Private Limited) and their respective Shareholders which envisaged for demerger of Castings Business Undertaking carried out by Rajshila Construction Private Limited (Demerged Company) into the Company on a going concern basis and vesting of same into Rajshila Construction Private Limited (the Resulting Company), which was made effective on 15th December, 2016.

Managing Director

1982

Founded

Nitin S Kedia

NSE Symbol

NA

Nitin Castings Ltd Management

NameDesignation
Nirmal B KediaExecutive Director
Nitin S KediaChairman & Managing Director
S L Agarwal Whole-time Director
Arvind B JalanIndependent Director
Deven M Doshi Director
Nipun N KediaExecutive Director
PreetiIndependent Director
Arvind Jalan Director
Ishan VermaCompany Sec. & Compli. Officer

Events

Dividend Announcement for Nitin Castings Ltd - May 30, 2023

On May 30, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 15.0%. This dividend percentage reflec...

Read More

Nitin Castings Ltd News

Nitin Castings to table results
On 22 May 2024
Nitin Castings standalone net profit rises 25.00% in the December 2023 quarter
Sales decline 3.52% to Rs 33.71 crore
Nitin Castings to convene board meeting
On 13 February 2024
Nitin Castings schedules EGM
On 8 December 2023
Nitin Castings standalone net profit rises 118.49% in the September 2023 quarter
Sales rise 6.53% to Rs 40.12 crore
Nitin Castings to declare Quarterly Result
On 9 November 2023
Nitin Castings standalone net profit rises 967.65% in the June 2023 quarter
Sales rise 15.80% to Rs 35.77 crore
Nitin Castings to table results
On 11 August 2023
Nitin Castings fixes record date for final dividend
Record date is 10 August 2023
Nitin Castings schedules AGM
On 17 August 2023

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Nitin Castings Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Nitin Castings Ltd shares in BlinkX

Nitin Castings Ltd's P/E ratio is 30.28 times as of May 18, 2024 at 12:22 PM.

Nitin Castings Ltd's most recent financial reports indicate a price-to-book ratio of 4.80, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Nitin Castings Ltd's market is 318 Cr as on May 18, 2024 at 12:22 PM.

The current financial records of Nitin Castings Ltd show a 8.49% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Nitin Castings Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Nitin Castings Ltd stands at 71.39%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.