Nitin Castings

Nitin_Castings03 May 2024

Castings, Forgings & Fastners

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Nitin Castings

Castings, Forgings & Fastners

Nitin_Castings03 May 2024

₹

-18.30 (-2.84%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date
14-Jan-2019	S	Outcome of Board Meeting 1. Sub-division of 50,00,000 equity shares of face value of Rs.10/- per equity shares in to 1,00,00,000 of equity shares of face value of Rs.5/- per equity share subject to approval by the shareholders of the Company by way of Notice by Postal ballot (Ordinary Resolution). 2. Consequential amendment will be made to the Memorandum of Association of the Company pursuant to the provisions of the Companies Act, 2013 and the applicable rules made thereunder as per the disclosure in the prescribed format pursuant to Securities and Exchange Board of India Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 3. The Postal Ballot Notice pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014 and other applicable provisions of the Companies Act 2013, to seek the approval of the shareholders of the Company for the aforesaid Item (1) & Item (2) above; Nitin Castings Ltd has informed BSE that the Board of Directors of the Company at their meeting held on January 14, 2019, inter alia, has considered and approved the following: - Sub-division of 50,00,000 equity shares of face value of Rs. 10/- per equity shares in to 1,00,00,000 of equity shares of face value of Rs. 5/- per equity share subject to approval by the shareholders of the Company by Way of Notice by Postal ballot (Ordinary Resolution). Trading Members of the Exchange are hereby informed that Nitin Castings Ltd. has fixed Record Date for sub division of equity shares of the company. DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE Nitin Castings Ltd (508875) RECORD DATE 15/03/2019 PURPOSE Sub Division of existing equity shares from every ONE equity share of Rs.10/- each into Two equity shares of Rs. 5/- each. SUB-DIVIDED PAID-UP VALUE Rs.5/- SUB-DIVIDED PAID-UP VALUE W.E.F. 14/03/2019 DR- 240/2018-2019 Note:- i. Trading members are hereby informed that the transactions in the equity shares (physical) of the aforesaid company in the Exit-Route Scheme will be for Rs. 5/- paid up w.e.f. 14/03/2019. ii. ISIN No. INE861H01012 of Rs.10/- paid up will not be valid for transactions done on the Exchange on or after 14/03/2019. iii. The new ISIN Number for Rs.5/- paid up will be informed to the market by a separate notice. (As Per BSE Notice Dated on 01.03.2019)	15-Mar-2019
30-May-2023	D	The Board has declared Final dividend of Rs. 0.75/- per equity Share of face Value of Rs. 5/- each for the F.Y. 2022-23. Subject to approval of the Shareholders in the ensuing AGM	10-Aug-2023
26-Aug-2022	D	Board approved: 1. The date & time of Annual General Meeting for the FY 2021-22 as 29th September, 2022 at 11.00a.m. 2. Payment of Equity Dividend for the financial year 2021-2022 of Rs. 0.5 Paisa per share (ie.10% of Face Value of Share) subject to approval of Share-holders at ensuing Annual General Meeting. Pursuant to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Record Date has been fixed as Thursday, 22nd September, 2022 for the purpose of ascertaining the entitlement of Members to the Final Dividend at 10% i.e. Rs. 0.05/- per Equity Share on the face value of Rs. 5/- each for the FY 2021-22. If the final dividend as recommended by the Board of Directors is approved at the ensuing Annual General Meeting, payment of such dividend subject to deduction of tax at source, will be made within 30 days from the date of approval by the shareholders in the ensuing Annual General Meeting. Kindly take the same on record. (As per BSE Announcement Dated on 7/9/2022)	23-Sep-2022
23-Aug-2021	D	Nitin Castings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 21, 2021, inter alia, has recommended for the payment of Dividend of Rs. 1/- per shares (10%) subject to the approval of Shareholders at the ensuring Annual General Meeting.	17-Sep-2021
29-May-2019	D	Nitin Castings Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 29, 2019, inter alia, has recommended for payment of Dividend of Rs. 0.50 per share (10%) subject to the approval of the Shareholders at the ensuing Annual General Meeting.	20-Sep-2019
30-May-2018	D	Nitin Castings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2018, inter alia, has recommended for payment of Dividend of Rs. 1.00 share per (10%) subject to the approval of the Shareholders at the ensuing Annual General Meeting.	30-Jul-2018
27-May-2017	D	Nitin Castings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2017, inter alia, has recommended a dividend of Rs. 1.00 per share (10%) subject to the approval of the Shareholders at the ensuing Annual General Meeting.	28-Jul-2017
05-Jul-2016	D	Nitin Alloys Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 05, 2016, have considered the following : 1. Final Dividend recommended on Equity Shares for the year ended March 31, 2016 @ Rs.0.75/- per equity share of Rs.10/- each.	02-Aug-2016
05-Feb-2024	BC	Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2024 inter alia to consider and approve Pursuant to the Regulation 29 of the SEBI (L	13-Feb-2024
09-Nov-2023	BC	Notice.of the Extra-Ordinary General Meeting of the Company to be held on Friday, December 08, 2023 The Extra Ordinary General Meeting of Nitin Castings Limited will be held on Friday, December 0	08-Dec-2023
15-Nov-2023	BC	Pursuant to Section 91 of Companies Act, 2013 and applicable Rules made thereunder and Regulation 42 of SEBI(LODR), Regulation 2015, the Registrar of Members and Share Transfer Books of the Company w	02-Dec-2023
02-Nov-2023	BC	Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2023 inter alia to consider and approve Pursuant to the Regulation 29 of the SEBI (L	09-Nov-2023
12-Sep-2023	BC	Appointment of Mr. Chintan Rambhia as Non-Executive, Independent Director	12-Sep-2023

Announcement Date30-May-2023

Ex Dividend Date10-Aug-2023

Dividend(%)15

Announcement Date26-Aug-2022

Ex Dividend Date23-Sep-2022

Dividend(%)10

Announcement Date23-Aug-2021

Ex Dividend Date17-Sep-2021

Dividend(%)10

Announcement Date29-May-2019

Ex Dividend Date20-Sep-2019

Dividend(%)10

Announcement Date30-May-2018

Ex Dividend Date30-Jul-2018

Dividend(%)10

Announcement Date27-May-2017

Ex Dividend Date28-Jul-2017

Dividend(%)10

Announcement Date05-Jul-2016

Ex Dividend Date02-Aug-2016

Dividend(%)8

No Rights has been declared by Nitin_Castings

Book Closure

Record Date	Split Date	Purpose
13-Feb-2024	-	Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2024 inter alia to consider and approve Pursuant to the Regulation 29 of the SEBI (L
08-Dec-2023	-	Notice.of the Extra-Ordinary General Meeting of the Company to be held on Friday, December 08, 2023 The Extra Ordinary General Meeting of Nitin Castings Limited will be held on Friday, December 0
02-Dec-2023	01 Jan'1900	Pursuant to Section 91 of Companies Act, 2013 and applicable Rules made thereunder and Regulation 42 of SEBI(LODR), Regulation 2015, the Registrar of Members and Share Transfer Books of the Company w
09-Nov-2023	-	Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2023 inter alia to consider and approve Pursuant to the Regulation 29 of the SEBI (L
12-Sep-2023	-	Appointment of Mr. Chintan Rambhia as Non-Executive, Independent Director

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Nitin Castings Ltd ₹625.05(-18.30/-2.84%)	625.05	-18.30	321.36	110.31	30.58	4.84
Electrosteel Castings Ltd ₹190.20(-1.85/-0.96%)	190.20	-1.85	11,309.39	384.96	18.27	2.53
TVS Holdings Ltd ₹9,034.45(+47.20/0.53%)	9,034.45	+47.20	18,278.59	174.94	70.01	12.90
Bharat Forge Ltd ₹1,252.35(-22.30/-1.75%)	1,252.35	-22.30	58,307.99	59.71	44.50	7.15
Tayo Rolls Ltd ₹92.66(+0.07/0.08%)	92.66	+0.07	95.07	46.13	0.00	-0.20
DCM Ltd ₹76.80(-1.39/-1.78%)	76.80	-1.39	143.45	18.28	0.00	37.67

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	33.71	40.12	35.77	29.90	34.94	37.66
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	33.71	40.12	35.77	29.90	34.94	37.66
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	1.38	0.83	1.39	0.22	0.53	-0.13
Total Income	35.09	40.95	37.16	30.12	35.47	37.53
Total Expenditure	30.76	36.43	32.12	28.04	31.77	34.91
PBIDT	4.33	4.52	5.03	2.08	3.70	2.62
Interest	0.04	0.03	0.03	0.04	0.01	0.01
PBDT	4.29	4.49	5.00	2.04	3.69	2.61
Depreciation	0.43	0.40	0.40	0.40	0.41	0.48
Tax	0.73	0.80	0.82	0.48	0.81	0.36
Deferred Tax	0.13	0.10	0.16	0.47	0.07	0.30
Reported Profit After Tax	3.00	3.19	3.63	0.69	2.40	1.46
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	3.00	3.19	3.63	0.69	2.40	1.46

EPS (Unit Curr.)	5.84	6.20	7.05	1.46	4.67	2.84
EPS (Adj) (Unit Curr.)	5.84	6.20	7.05	1.46	4.67	2.84
Calculated EPS (Unit Curr.)	5.84	6.20	7.05	1.35	4.67	2.84
Calculated EPS (Adj) (Unit Curr.)	5.84	6.20	7.05	1.35	4.67	2.84
Calculated EPS (Ann.) (Unit Curr.)	23.36	24.80	28.20	5.39	18.69	11.35
Calculated EPS (Adj) (Ann.) (Unit Curr.)	23.36	24.80	28.20	5.39	18.69	11.35
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	2.57	2.57	2.57	2.57	2.57	2.57
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	5.00	5.00	5.00	5.00	5.00	5.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	12.84	11.27	14.06	6.96	10.59	6.96
PBDTM(%)	12.73	11.19	13.98	6.82	10.56	6.93
PATM(%)	8.90	7.95	10.15	2.31	6.87	3.88

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	2.57	2.57	2.57	2.57	2.57	2.57
Reserves Total	57.35	52.65	47.72	44.36	43.29	41.54
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	59.92	55.22	50.29	46.93	45.86	44.11
Secured Loans	9.86	3.86	3.64	5.99	10.80	12.00
Unsecured Loans	0.00	0.00	0.00	1.49	1.81	1.66
Total Debt	9.86	3.86	3.64	7.48	12.61	13.66
Total Liabilities	69.78	59.08	53.93	54.41	58.47	57.77
APPLICATION OF FUNDS :
Gross Block	67.28	67.05	55.46	66.22	65.71	62.36
Less : Accumulated Depreciation	45.46	43.76	31.08	40.27	35.77	32.32
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	21.82	23.29	24.38	25.95	29.94	30.04
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	24.87	17.34	15.84	4.85	0.23	0.20
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	26.41	19.48	13.05	18.75	15.89	20.71
Sundry Debtors	12.40	12.63	9.72	9.26	11.91	11.47
Cash and Bank	1.20	2.09	0.44	1.56	3.84	1.97
Loans and Advances	4.45	2.50	2.45	4.69	6.96	3.22
Total Current Assets	44.45	36.71	25.66	34.26	38.60	37.36
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	19.26	17.32	11.05	11.67	10.36	10.30
Provisions	1.29	1.55	1.62	0.96	2.13	1.32
Total Current Liabilities	20.56	18.88	12.67	12.62	12.50	11.62
Net Current Assets	23.90	17.83	13.00	21.64	26.11	25.74
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.21	0.04	0.00	0.33	0.19	0.07
Deferred Tax Liability	1.81	0.20	0.21	0.52	0.70	0.76
Net Deferred Tax	-1.60	-0.16	-0.21	-0.19	-0.51	-0.69
Total Assets	69.00	58.30	53.00	52.25	55.77	55.29
Contingent Liabilities	6.73	7.29	6.72	6.74	1.30	3.14

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	2.09	0.44	1.56	3.84	1.97
Net Cash from Operating Activities	0.90	1.06	15.27	9.69	9.88
Net Cash Used In Investing Activities	-7.51	-1.54	-11.59	-5.13	-4.24
Net Cash Used In Financing Activities	5.71	2.13	-4.80	-6.83	-3.78
Net Inc./Dec In Cash And Cash Equivalents	-0.90	1.65	-1.12	-2.28	1.86
Cash And Cash Equivalents At End Of The Year	1.20	2.09	0.44	1.56	3.84

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

71.39%

FII Shareholding

0.00%

DII Shareholding

0.00%

Public Shareholding

28.61%

**Promoter pledged shareholding 71.39%

About Nitin Castings Ltd

Nitin Castings Ltd is in the Castings, Forgings & Fastners sector, having a market capitalization of Rs. 321.36 crores. It has reported a sales of Rs. 33.71 crores and a net profit of Rs. 3 crores for the quarter ended December 2018. The company management includes Nitin S Kedia, Nirmal B Kedia,Nitin S Kedia,Arvind B Jalan,Nipun N Kedia,Preeti,Ishan Verma (Nitin Castings Ltd) among others.

Chairman

Nitin S Kedia

Registered office

202 2nd Flr Sanjay Building,No 3 Sir M V Road Andheri (E),Mumbai,Maharashtra,400059

FAX :

Background

Incorporation Year1982

Face Value₹5

Market Lot1

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What is the Nitin Castings share price today?

The Nitin Castings shares price on nse is Rs.625.05 today.

What is the market cap of Nitin Castings shares on BSE ?

The company has a market capitalization of Rs.321.36Cr

What is the PE & PB ratio of Nitin Castings shares ?

PE is 30.58 and PB is 4.84

What is the 52 Week High and Low of Nitin Castings shares?

Nitin Castings stock price high: Rs.697.8 Nitin Castings stock price low: Rs.298.05