Nitco Limited (NITCO) AI Stock Analysis

• Market Cap: ₹29.56B
• Dividend Yield: N/A
• Average Volume (3M): 23.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: 30.16%
• EPS Growth: -292.00%
• Country: IN
• Employees: 513
• Sector: Services
• Sector Strength: N/A
• Industry: Construction
• EPS (TTM): 2.08
• Shares Outstanding: 228,721,950
• 10 Day Avg. Volume: 25,551
• 30 Day Avg. Volume: 23,158
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹129.00
• Price Target Upside: -2.90% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ₹121.00 ▼(-8.92% Downside)

Nitco Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, negative profitability, and high leverage. Technical analysis provides additional bearish signals, with the stock trading below key moving averages and negative momentum indicators. Valuation metrics further underscore the challenges, with a negative P/E ratio and no dividend yield. The absence of earnings call insights and corporate events leaves the financial and technical factors as the primary drivers of the score.

Nitco Limited Business Overview & Revenue Model

Company Description

Nitco Limited (NITCO) is a leading company in the manufacturing and distribution of tiles and marble products. With a focus on quality and design innovation, Nitco offers a wide variety of floor and wall solutions for residential and commercial spaces. The company operates in the building materials sector and is known for its extensive range of ceramic tiles, vitrified tiles, and natural marble products.

How the Company Makes Money

Nitco Limited primarily generates revenue through the production and sale of its tile and marble products. The company's revenue streams include wholesale distribution to retailers, direct sales to large construction projects, and export sales to international markets. Nitco's earnings are supported by strategic partnerships with dealers and distributors, as well as collaborations with architects and designers to specify their products in construction projects. Additionally, Nitco occasionally engages in value-added services such as design consultation and installation support, contributing to its overall revenue.

Nitco Limited Financial Statement Overview

Summary

Nitco Limited faces considerable financial challenges, including declining revenues, negative profitability margins, and high leverage. Negative equity and persistent cash flow issues raise concerns about the company's financial health and long-term viability. Despite marginal improvements in asset management, the overall financial outlook remains weak.

Income Statement

Nitco Limited's income statement reveals significant challenges. The company has faced declining revenue over the past few years, with a noticeable drop in gross profit margin and negative net profit margins. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies and a struggle to cover operating expenses. The overall revenue growth has been negative, reflecting a downward trajectory in business activity.

Balance Sheet

The balance sheet shows a highly leveraged financial structure, with a debt-to-equity ratio that signifies a heavy reliance on debt financing. Stockholders' equity has been negative for several years, indicating accumulated losses. However, recent improvements in total assets and reduction in total debt provide a slight improvement in financial stability. The equity ratio remains unfavorable, reflecting potential solvency risks.

Cash Flow

Cash flow analysis highlights significant concerns with continuous negative free cash flow, indicating insufficient cash generation to cover capital expenditures. The operating cash flow to net income ratio is negative, showing issues with converting sales into cash. While there have been some positive financing cash flows, they mainly stem from increasing liabilities rather than operations.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.13B	3.23B	3.80B	4.05B	3.25B
Gross Profit	733.93M	-288.97M	671.26M	729.77M	704.51M
EBITDA	-4.83B	-388.89M	-486.30M	-318.07M	-459.71M
Net Income	-7.41B	-1.63B	-1.51B	-1.26B	-1.37B
Balance Sheet
Total Assets	9.21B	7.30B	8.18B	8.71B	9.23B
Cash, Cash Equivalents and Short-Term Investments	926.44M	73.05M	118.36M	128.08M	127.78M
Total Debt	2.91B	9.87B	8.95B	8.23B	7.69B
Total Liabilities	6.75B	12.60B	11.84B	10.87B	10.13B
Stockholders Equity	2.47B	-5.12B	-3.49B	-1.98B	-725.74M
Cash Flow
Free Cash Flow	-1.49B	-92.55M	22.21M	47.09M	99.50M
Operating Cash Flow	-1.48B	-87.89M	25.86M	47.09M	118.59M
Investing Cash Flow	40.07M	-4.66M	-3.65M	37.09M	-19.09M
Financing Cash Flow	2.28B	53.31M	-34.32M	-86.86M	-76.58M

Nitco Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 132.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NITCO, the sentiment is Positive. The current price of 132.85 is above the 20-day moving average (MA) of 132.22, below the 50-day MA of 138.37, and above the 200-day MA of 126.72, indicating a neutral trend. The MACD of -3.63 indicates Negative momentum. The RSI at 49.27 is Neutral, neither overbought nor oversold. The STOCH value of 53.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NITCO.

Nitco Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHANKARA	71 Outperform	₹26.22B	27.97		0.28%	21.30%	13.79%
SBCL	65 Neutral	₹28.93B	37.65		0.44%	2.21%	1.54%
CAPACITE	63 Neutral	₹23.94B	12.27		―	14.40%	20.33%
RAMKY	63 Neutral	₹38.81B	18.77		―	-14.64%	-25.44%
Sector *	57 Neutral	$1.60B	-3.70	3.73%	4.29%	5.38%	-37.86%
NITCO	41 Neutral	₹29.56B	―		―	30.16%	-292.00%
MTNL	41 Neutral	₹27.51B	―		―	-12.59%	-1.84%

Nitco Limited Corporate Events

Nitco Limited Releases Monitoring Agency Report for Q2 2025

Nitco Limited has released its Monitoring Agency Report for the quarter ending June 30, 2025, detailing the utilization of funds raised through a Preferential Issue. This report, prepared by Infomerics Valuation and Rating Limited, is part of the company’s compliance with regulatory requirements, ensuring transparency in financial operations. The report’s release is significant for stakeholders as it provides insights into the company’s financial management and strategic allocation of resources, potentially impacting its market positioning and investor confidence.

Nitco Limited Appoints New Cost Auditor for FY 2025-26

Nitco Limited, a company involved in the manufacturing and distribution of tiles and related products, has announced the appointment of Mr. R. K. Bhandari as the Cost Auditor for the financial year 2025-26. This decision, approved by the Board of Directors upon the recommendation of the Audit Committee, is part of the company’s compliance with regulatory requirements. The appointment of a seasoned cost auditor like Mr. Bhandari, who has over 13 years of experience, is expected to enhance the company’s financial auditing processes, thereby potentially improving its operational efficiency and market credibility.