NITCO
Nitco Limited
Nitco Limited (NITCO) financial statements and selected valuation metrics through 30 June 2026.
Consumer Discretionary›Consumer Durables›Consumer Durables›Ceramics
nitco.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹80.23
Market cap
2,026 Cr
Stock P/E
Loss (TTM EPS ₹-1.23)
P/B
5.29
ROE (FY26)
7.9%
ROCE (FY26)
5.8%
Operating margin (FY26)
5.7%
Debt / equity (FY26)
0.83
OCF / EBITDA (FY26)
-610.9%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
NITCO (Nitco Limited) sells tiles and related products and is turning its land holdings, notably at Alibaug near Mumbai, into real estate projects with partners.
Company snapshot
4thBy market cap
Ranked among 10 companies in Ceramics.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 99.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Real estate | 0.9% | 2 Cr | -5 Cr | — |
| Tiles and other related products | 99.1% | 219 Cr | -208 Cr | — |
What we see
Concerns
- ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81 Cr | 80 Cr | 72 Cr | 70 Cr | 66 Cr | 85 Cr | 94 Cr | 150 Cr | 108 Cr | 132 Cr | 152 Cr | 116 Cr |
| Operating expenses (approx.) | 83 Cr | 95 Cr | 93 Cr | 81 Cr | 79 Cr | 90 Cr | 100 Cr | 101 Cr | 121 Cr | 138 Cr | 157 Cr | 124 Cr |
| EBITDA | -2 Cr | -14 Cr | -22 Cr | -11 Cr | -13 Cr | -5 Cr | -6 Cr | 50 Cr | -14 Cr | -6 Cr | -5 Cr | -8 Cr |
| OPM % | -2.7% | -17.6% | -30.1% | -15.4% | -19.3% | -5.9% | -6.6% | 33.0% | -12.7% | -4.6% | -3.2% | -7.1% |
| Other income | 2 Cr | 0.56 Cr | 0.76 Cr | 1 Cr | 1 Cr | 0.55 Cr | 10 Cr | 3 Cr | 3 Cr | 3 Cr | 2 Cr | 2 Cr |
| Interest | 24 Cr | 24 Cr | 25 Cr | 27 Cr | 27 Cr | 13 Cr | 3 Cr | 3 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr |
| Depreciation | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 170 Cr | 4 Cr | 3 Cr | -14 Cr | 2 Cr | 2 Cr | 2 Cr |
| Profit before tax | -32 Cr | -45 Cr | -53 Cr | -44 Cr | -35 Cr | -660 Cr | -3 Cr | 47 Cr | 0.94 Cr | -12 Cr | -8 Cr | -10 Cr |
| Tax % | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | -0.2% | 0.0% | 0.0% | 0.0% | -0.3% | -0.0% |
| Net profit | -32 Cr | -45 Cr | -53 Cr | -44 Cr | -35 Cr | -660 Cr | -3 Cr | 47 Cr | 0.94 Cr | -12 Cr | -8 Cr | -10 Cr |
| EPS (₹) | ₹-4.40 | ₹-6.28 | ₹-7.43 | ₹-6.06 | ₹-4.82 | ₹-91.87 | ₹-0.16 | ₹2.07 | ₹0.04 | ₹-0.52 | ₹-0.34 | ₹-0.43 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 745 Cr | 617 Cr | 596 Cr | 461 Cr | 327 Cr | 411 Cr | 384 Cr | 325 Cr | 314 Cr | 542 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 721 Cr | 613 Cr | 598 Cr | 511 Cr | 376 Cr | 450 Cr | 421 Cr | 368 Cr | 349 Cr | 517 Cr | Sign in free for the trailing twelve months |
| EBITDA | 24 Cr | 4 Cr | -1 Cr | -50 Cr | -49 Cr | -39 Cr | -37 Cr | -43 Cr | -35 Cr | 25 Cr | Sign in free for the trailing twelve months |
| OPM % | 3.2% | 0.6% | -0.2% | -10.9% | -14.9% | -9.6% | -9.7% | -13.2% | -11.0% | 4.6% | Sign in free for the trailing twelve months |
| Other income | 2 Cr | 5 Cr | 2 Cr | 9 Cr | 3 Cr | 7 Cr | 5 Cr | 5 Cr | 13 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Interest | 8 Cr | 14 Cr | 23 Cr | 23 Cr | 54 Cr | 64 Cr | 73 Cr | 96 Cr | 70 Cr | 10 Cr | Sign in free for the trailing twelve months |
| Depreciation | 50 Cr | 81 Cr | 39 Cr | 39 Cr | 31 Cr | 30 Cr | 29 Cr | 29 Cr | 188 Cr | -6 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -32 Cr | 162 Cr | -61 Cr | -71 Cr | -124 Cr | -126 Cr | -151 Cr | -163 Cr | -741 Cr | 29 Cr | Sign in free for the trailing twelve months |
| Tax % | -3.7% | -14.2% | 2.1% | -1.7% | -3.0% | -0.0% | -0.0% | -0.2% | -0.0% | 0.1% | Sign in free for the trailing twelve months |
| Net profit | -34 Cr | 185 Cr | -60 Cr | -72 Cr | -127 Cr | -126 Cr | -151 Cr | -163 Cr | -741 Cr | 29 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-6.13 | ₹33.77 | ₹-14.90 | ₹-6.62 | ₹-18.97 | ₹-17.50 | ₹-5.86 | ₹-22.68 | ₹-74.59 | ₹1.26 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 55 Cr | 72 Cr | 72 Cr | 72 Cr | 72 Cr | 72 Cr | 72 Cr | 72 Cr | 229 Cr | 241 Cr |
| Reserves | -184 Cr | 93 Cr | 40 Cr | -8 Cr | -144 Cr | -270 Cr | -421 Cr | -584 Cr | 18 Cr | 124 Cr |
| Borrowings | 600 Cr | 837 Cr | 764 Cr | 574 Cr | 457 Cr | 200 Cr | 880 Cr | 971 Cr | 286 Cr | 304 Cr |
| Other liabilities | 994 Cr | 329 Cr | 421 Cr | 405 Cr | 556 Cr | 887 Cr | 305 Cr | 289 Cr | 389 Cr | 422 Cr |
| Total liabilities | 1,485 Cr | 1,348 Cr | 1,308 Cr | 1,028 Cr | 923 Cr | 871 Cr | 818 Cr | 730 Cr | 921 Cr | 1,090 Cr |
| Fixed assets (net) | 620 Cr | 545 Cr | 514 Cr | 455 Cr | 391 Cr | 364 Cr | 336 Cr | 309 Cr | 85 Cr | 66 Cr |
| CWIP | 3 Cr | 4 Cr | 6 Cr | 5 Cr | 5 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 11 Cr |
| Investments | 0.25 Cr | 0.25 Cr | 0.25 Cr | 0.0015 Cr | 0 Cr | 0 Cr | 255 Cr | 0 Cr | 0.76 Cr | 0.76 Cr |
| Loans & advances | — | — | 39 Cr | 29 Cr | 20 Cr | 20 Cr | 20 Cr | 10 Cr | 47 Cr | 58 Cr |
| Inventories | 500 Cr | 359 Cr | 344 Cr | 281 Cr | 266 Cr | 251 Cr | 0 Cr | 243 Cr | 373 Cr | 429 Cr |
| Trade receivables | 150 Cr | 203 Cr | 210 Cr | 145 Cr | 100 Cr | 97 Cr | 74 Cr | 37 Cr | 64 Cr | 168 Cr |
| Cash & bank | 21 Cr | 18 Cr | 16 Cr | 11 Cr | 13 Cr | 12 Cr | 11 Cr | 7 Cr | 91 Cr | 31 Cr |
| Other assets | 191 Cr | 218 Cr | 179 Cr | 103 Cr | 128 Cr | 123 Cr | 117 Cr | 120 Cr | 255 Cr | 326 Cr |
| Total assets | 1,485 Cr | 1,348 Cr | 1,308 Cr | 1,028 Cr | 923 Cr | 871 Cr | 818 Cr | 730 Cr | 921 Cr | 1,090 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 31 Cr | 369 Cr | 25 Cr | 35 Cr | 12 Cr | 6 Cr | 3 Cr | -9 Cr | -148 Cr | -153 Cr |
| Cash from investing | -10 Cr | -6 Cr | -11 Cr | -4 Cr | -2 Cr | 4 Cr | -0.37 Cr | -0.47 Cr | -4 Cr | -10 Cr |
| Cash from financing | -25 Cr | -367 Cr | -16 Cr | -36 Cr | -8 Cr | -10 Cr | -3 Cr | 5 Cr | 228 Cr | 102 Cr |
| Net cash flow | -4 Cr | -3 Cr | -2 Cr | -5 Cr | 2 Cr | -0.27 Cr | -1 Cr | -4 Cr | 76 Cr | -60 Cr |
| Free cash flow (OCF − Capex) | 21 Cr | 363 Cr | 14 Cr | 31 Cr | 10 Cr | 6 Cr | 2 Cr | -9 Cr | -154 Cr | -162 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 17.2% | -4.3% | -7.6% | -21.6% | — | -13.0% | -16.3% | -126.0% | 5.8% |
| ROE % | — | 101.4% | -49.1% | -95.7% | — | — | — | — | -0.0% | 7.9% |
| Debtor days | 73 | 120 | 128 | 115 | 111 | 86 | 70 | 42 | 75 | 113 |
| Inventory days | 817 | 721 | 924 | 2547 | 4154 | 3086 | 0 | 2027 | 3247 | 1737 |
| Days payable | 272 | 333 | 557 | 1504 | 1974 | 1757 | 1370 | 1318 | 807 | 457 |
| Cash conversion cycle | 619 | 507 | 496 | 1158 | 2291 | 1415 | -1300 | 751 | 2514 | 1394 |
| OCF / EBITDA % | 130.6% | n.m. | — | — | — | — | — | — | — | -610.9% |
| OCF / EBITDA % (3 years) | — | — | n.m. | — | — | — | — | — | — | — |
| Debt / equity | — | 5.06 | 6.84 | 11.57 | — | — | -0.02 | — | 1.16 | 0.83 |
| Current ratio | 0.73 | 2.18 | 1.67 | 1.22 | 0.86 | 0.50 | 0.42 | 0.33 | 1.83 | 2.01 |
| Net debt / EBITDA | 24.38 | — | — | — | — | — | — | — | — | 10.92 |