Nitco Limited (IN:NITCO)
:NITCO
Want to see IN:NITCO full AI Analyst Report?
Top Page
Nitco Limited
(NITCO)
Select Model
Select Model
Rating:48Neutral
Price Target:
₹98.00
▲(6.96% Upside)
Action:Upgraded
Date:05/19/26
The score is held back primarily by very weak cash flow despite FY2026 profitability and improved balance-sheet metrics. Technicals are moderately supportive with price above key moving averages and neutral-to-positive momentum, but valuation is a concern due to the high P/E and no dividend yield provided.
Positive Factors
Revenue rebound & return to profitability
A sustained revenue rebound and restored profitability after multi-year losses indicates product demand recovery and operational fix(es). Durable profitability improves access to capital, supports reinvestment in distribution and product mix, and strengthens strategic flexibility over months.
Negative Factors
Poor cash generation
Deeply negative operating and free cash flow despite reported profits is a durable red flag: it undermines earnings quality, forces external funding for operations or capex, increases refinancing risk, and limits the company’s ability to convert profits into shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & return to profitability
A sustained revenue rebound and restored profitability after multi-year losses indicates product demand recovery and operational fix(es). Durable profitability improves access to capital, supports reinvestment in distribution and product mix, and strengthens strategic flexibility over months.
Read all positive factors
Nitco Limited (NITCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.92B
Dividend YieldN/A
Average Volume (3M)17.96K
Price to Earnings (P/E)69.7
Beta (1Y)1.41
Revenue Growth72.39%
EPS GrowthN/A
CountryIN
Employees513
SectorServices
Sector StrengthN/A
IndustryConstruction
Share Statistics
EPS (TTM)-89.88
Shares Outstanding229,116,100
10 Day Avg. Volume14,939
30 Day Avg. Volume17,964
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)5.52
Price to Sales (P/S)3.72
P/FCF Ratio-11.77
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 makes money mainly by selling surface-covering building products (primarily tiles) to customers in the construction and home-improvement market. Its revenue is primarily generated from (1) domestic sales through dealers/distributors and reta...
Nitco Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.35B | 5.42B | 3.13B | 3.25B | 3.80B | 4.11B |
| Gross Profit | -328.45M | 1.07B | 733.93M | -266.60M | 671.26M | 827.75M |
| EBITDA | -4.31B | 249.76M | -4.83B | -388.89M | -486.30M | -318.07M |
| Net Income | -6.15B | 289.01M | -7.41B | -1.63B | -1.51B | -1.26B |
Balance Sheet | ||||||
| Total Assets | 9.87B | 10.90B | 9.21B | 7.30B | 8.18B | 8.71B |
| Cash, Cash Equivalents and Short-Term Investments | 609.42M | 313.66M | 926.44M | 73.05M | 118.36M | 124.40M |
| Total Debt | 3.06B | 3.14B | 2.91B | 9.87B | 8.95B | 8.23B |
| Total Liabilities | 6.85B | 7.26B | 6.75B | 12.60B | 11.84B | 10.87B |
| Stockholders Equity | 3.02B | 3.65B | 2.47B | -5.12B | -3.49B | -1.98B |
Cash Flow | ||||||
| Free Cash Flow | -650.84M | -1.71B | -1.49B | -92.55M | 22.21M | 47.09M |
| Operating Cash Flow | -618.82M | -1.62B | -1.48B | -87.89M | 25.86M | 47.09M |
| Investing Cash Flow | -26.01M | -95.33M | 40.07M | -4.66M | -3.65M | 37.09M |
| Financing Cash Flow | 325.62M | 1.11B | 2.28B | 53.31M | -34.32M | -86.86M |
Nitco Limited Technical Analysis
Positive
91.62
Price Trends
86.35
Positive
86.00
Positive
97.55
Positive
Market Momentum
3.58
Positive
55.09
Neutral
32.69
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 below the 20-day moving average (MA) of 95.38, above the 50-day MA of 86.35, and below the 200-day MA of 97.55, indicating a bullish trend. The MACD of 3.58 indicates Positive momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 32.69 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹168.05B | 23.52 | ― | 1.15% | 3.25% | 64.91% | |
78 Outperform | ₹25.62B | 31.58 | ― | 0.07% | -17.13% | -20.99% | |
63 Neutral | ₹5.02B | 34.39 | ― | 0.19% | 3.24% | 340.75% | |
62 Neutral | ₹18.72B | 21.78 | ― | ― | 11.93% | 583.30% | |
62 Neutral | ₹21.27B | 22.77 | ― | 0.71% | 4.93% | 35.20% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
48 Neutral | ₹21.92B | 69.73 | ― | ― | 72.39% | ― |
* Services Sector Average
IN:NITCO
Nitco Limited
95.69
-31.91
-25.01%
IN:ASIANTILES
Asian Granito India Limited
63.15
13.79
27.94%
IN:KAJARIACER
Kajaria Ceramics Limited
1,055.10
59.65
5.99%
IN:ORIENTBELL
Orient Bell Limited
341.40
70.23
25.90%
IN:POKARNA
Pokarna Limited
826.25
-182.49
-18.09%
IN:SOMANYCERA
Somany Ceramics Limited
518.60
51.90
11.12%
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...
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.