Nitco Limited (IN:NITCO)
:NITCO
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Nitco Limited
(NITCO)
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Rating:37Underperform
Price Target:
₹91.00
▼(-0.68% Downside)
Action:ReiteratedDate:11/25/25
Nitco Limited receives a low overall stock score due to significant financial challenges, including declining revenues and negative profitability margins. The technical analysis indicates a bearish trend with oversold conditions, and the valuation is unfavorable with a negative P/E ratio. These factors collectively suggest a high-risk investment with limited upside potential in the current market environment.
Positive Factors
Diversified product & channel mix
A broad product portfolio across tiles and natural stone plus a distribution-led model (dealers, retailers, company showrooms) provides durable demand diversification. Multiple channels reduce single-channel risk, support steady order flow across housing and renovation cycles and enhance geographic reach.
Negative Factors
Negative shareholders' equity & high leverage
Negative equity reflects cumulative losses and erodes financial flexibility, constraining the company's ability to raise new capital on favorable terms. Persistent high leverage increases default risk, raises financing costs and can force asset sales or restructuring, impairing long-term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product & channel mix
A broad product portfolio across tiles and natural stone plus a distribution-led model (dealers, retailers, company showrooms) provides durable demand diversification. Multiple channels reduce single-channel risk, support steady order flow across housing and renovation cycles and enhance geographic reach.
Read all positive factors
Nitco Limited (NITCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.30B
Dividend YieldN/A
Average Volume (3M)17.96K
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth65.12%
EPS GrowthN/A
CountryIN
Employees513
SectorServices
Sector StrengthN/A
IndustryConstruction
Share Statistics
EPS (TTM)-0.52
Shares Outstanding229,116,100
10 Day Avg. Volume14,939
30 Day Avg. Volume17,964
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)11.13
Price to Sales (P/S)8.77
P/FCF Ratio-18.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nitco Limited Business Overview & Revenue Model
Company Description
NITCO Limited, together with its subsidiaries, manufactures and sells floor and wall solutions in India and internationally. The company operates through two segments, Tiles and Other Related Products; and Real Estate segments. It offers ceramic w...
How the Company Makes Money
Nitco primarily makes money by selling surface products used in construction and renovation, with revenue driven mainly by (1) tile sales and (2) natural stone/marble sales. Its tile business generates revenue from the sale of ceramic and vitrifie...
Nitco Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
25
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.35B | 3.13B | 3.25B | 3.80B | 4.11B | 3.27B |
| Gross Profit | -328.45M | 733.93M | -266.60M | 671.26M | 827.75M | 704.51M |
| EBITDA | -4.31B | -4.83B | -388.89M | -486.30M | -318.07M | -459.71M |
| Net Income | -6.15B | -7.41B | -1.63B | -1.51B | -1.26B | -1.37B |
Balance Sheet | ||||||
| Total Assets | 9.87B | 9.21B | 7.30B | 8.18B | 8.71B | 9.23B |
| Cash, Cash Equivalents and Short-Term Investments | 609.42M | 926.44M | 73.05M | 118.36M | 124.40M | 127.08M |
| Total Debt | 3.06B | 2.91B | 9.87B | 8.95B | 8.23B | 7.69B |
| Total Liabilities | 6.85B | 6.75B | 12.60B | 11.84B | 10.87B | 10.13B |
| Stockholders Equity | 3.02B | 2.47B | -5.12B | -3.49B | -1.98B | -725.74M |
Cash Flow | ||||||
| Free Cash Flow | -650.84M | -1.49B | -92.55M | 22.21M | 47.09M | 99.50M |
| Operating Cash Flow | -618.82M | -1.48B | -87.89M | 25.86M | 47.09M | 118.59M |
| Investing Cash Flow | -26.01M | 40.07M | -4.66M | -3.65M | 37.09M | -19.09M |
| Financing Cash Flow | 325.62M | 2.28B | 53.31M | -34.32M | -86.86M | -76.58M |
Nitco Limited Technical Analysis
Positive
91.62
Price Trends
80.22
Positive
84.12
Positive
102.97
Negative
Market Momentum
3.23
Negative
59.42
Neutral
73.73
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 91.62 is above the 20-day moving average (MA) of 85.26, above the 50-day MA of 80.22, and below the 200-day MA of 102.97, indicating a neutral trend. The MACD of 3.23 indicates Negative momentum. The RSI at 59.42 is Neutral, neither overbought nor oversold. The STOCH value of 73.73 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹3.01B | 51.20 | ― | 0.68% | -26.69% | -22.27% | |
71 Outperform | ₹34.66B | 27.69 | ― | 0.67% | 7.35% | 11.24% | |
61 Neutral | ₹34.90B | 12.27 | ― | ― | -14.42% | -13.89% | |
58 Neutral | ₹21.32B | 10.65 | ― | ― | 13.40% | -2.22% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
44 Neutral | ₹19.81B | -0.63 | ― | ― | -15.50% | -10.50% | |
37 Underperform | ₹20.30B | -47.89 | ― | ― | 65.12% | ― |
* Services Sector Average
IN:NITCO
Nitco Limited
88.62
-41.08
-31.67%
IN:CAPACITE
Capacit'e Infraprojects Ltd.
251.95
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-27.97%
IN:MTNL
Mahanagar Telephone Nigam Limited
31.44
-10.25
-24.59%
IN:RAMKY
Ramky Infrastructure Limited
504.35
36.10
7.71%
IN:SBCL
Shivalik Bimetal Controls Ltd
601.75
166.67
38.31%
IN:SHANKARA
Shankara Building Products Ltd.
124.00
-25.58
-17.10%
Nitco Limited Corporate Events
Nitco Shareholders Clear Talwar Reappointment and Loan Flexibility Resolutions
Mar 23, 2026
Nitco Limited has secured shareholder approval via postal ballot and remote e-voting to reappoint Mr. Vivek Prannath Talwar as Managing Director, designated Executive Chairman, for a fresh three-year term starting April 1, 2026. The vote underscor...
Nitco CFO Sitanshu Satapathy Resigns, Prompting Leadership Change in Finance Function
Jan 13, 2026
Nitco Limited has announced that Chief Financial Officer and Key Managerial Personnel Mr. Sitanshu Satapathy has resigned from his role with effect from the close of business on January 13, 2026, citing future plans of self-engagement. His departu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.