Nitin Castings (BSE 508875)₹427.00−4.67%Castings & Forgings
In the Mar 2026 quarter (standalone), Nitin Castings reported sales of ₹34.49 Cr, down 10.3% from Mar 2025, and net profit of ₹1.76 Cr, down 28.5% year on year. For the year to Mar 2026, sales were ₹146 Cr and net profit ₹11.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35.66 | 39.95 | 33.60 | 39.00 | 39.74 | 38.17 | 33.66 | 38.45 | 35.64 | 36.34 | 40.10 | 34.49 |
| Expenses | 32.03 | 36.33 | 30.68 | 33.99 | 35.20 | 34.23 | 31.12 | 35.11 | 30.14 | 34.02 | 38.45 | 30.81 |
| Operating Profit | 3.65 | 3.70 | 2.96 | 5.10 | 4.62 | 4.03 | 2.59 | 3.41 | 5.53 | 2.38 | 1.73 | 3.78 |
| OPM % | 10.2% | 9.2% | 8.8% | 13.0% | 11.6% | 10.5% | 7.6% | 8.8% | 15.5% | 6.5% | 4.3% | 10.9% |
| Other Income | 1.40 | 0.84 | 1.39 | −1.64 | 1.51 | 1.88 | 0.71 | 0.58 | 2.62 | 0.40 | 0.90 | −0.38 |
| Interest | 0.04 | 0.04 | 0.05 | 0.10 | 0.11 | 0.09 | 0.14 | 0.13 | 0.16 | 0.16 | 0.27 | 0.24 |
| Depreciation | 0.39 | 0.39 | 0.42 | 0.46 | 0.47 | 0.51 | 0.54 | 0.51 | 0.54 | 0.57 | 0.58 | 0.59 |
| Profit before tax | 4.61 | 4.10 | 3.87 | 2.90 | 5.53 | 5.31 | 2.63 | 3.34 | 7.45 | 2.04 | 1.79 | 2.57 |
| Tax % | 21.3% | 22.0% | 22.2% | 19.7% | 28.2% | 20.5% | 31.3% | 26.4% | 23.3% | 27.0% | 5.0% | 31.6% |
| Exceptional items | 0.00 | 0.00 | 0.00 | −1.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.55 | 0.00 |
| Net Profit | 3.65 | 3.20 | 3.01 | 2.32 | 3.97 | 4.22 | 1.81 | 2.46 | 5.73 | 1.49 | 1.70 | 1.76 |
| EPS (Rs) | 7.05 | 6.19 | 5.83 | 4.48 | 7.69 | 8.16 | 3.49 | 4.76 | 11.09 | 2.87 | 3.28 | 3.39 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63.77 | 60.80 | 57.81 | 73.71 | 63.80 | 61.75 | 96.69 | 133 | 148 | 151 | 146 | 147 |
| Expenses | 59.89 | 55.84 | 52.91 | 65.81 | 57.90 | 55.83 | 89.82 | 124 | 133 | 135 | 134 | 133 |
| Operating Profit | 5.02 | 6.02 | 5.02 | 7.03 | 6.03 | 6.02 | 7.03 | 10.04 | 15.05 | 15.06 | 13.06 | 13.42 |
| OPM % | 7.0% | 9.0% | 8.0% | 10.0% | 10.0% | 9.0% | 7.0% | 7.0% | 10.0% | 10.0% | 9.0% | 9.2% |
| Other Income | 0.00 | 1.01 | 1.01 | 2.01 | 1.01 | 2.01 | 2.01 | 0.99 | 2.01 | 4.01 | 4.01 | 3.54 |
| Interest | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.83 |
| Depreciation | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.28 |
| Profit before tax | 0.00 | 2.01 | 1.01 | 3.01 | 2.01 | 4.01 | 7.01 | 9.02 | 15.02 | 17.02 | 14.03 | 13.85 |
| Tax % | 74.9% | 32.0% | 4.0% | 28.9% | 22.0% | 17.0% | 21.0% | 42.0% | 21.0% | 25.9% | 22.9% | — |
| Exceptional items | 0.02 | 0.11 | 0.00 | −0.02 | 0.00 | 0.00 | 0.04 | 0.00 | −1.73 | 2.04 | −0.45 | −0.55 |
| Net Profit | 0.00 | 1.01 | 1.01 | 2.01 | 1.01 | 3.01 | 5.02 | 5.02 | 12.04 | 12.05 | 11.04 | 10.68 |
| EPS (Rs) | 0.10 | 2.30 | 1.64 | 4.54 | 2.54 | 6.33 | 10.03 | 9.50 | 23.55 | 24.11 | 20.65 | 20.63 |
| Dividend payout % | 350.0% | 22.0% | 31.0% | 11.0% | 0.0% | 8.0% | 5.0% | 8.0% | 13.0% | 12.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.99 | 3.00 | 3.00 |
| Reserves | 21.02 | 41.07 | 41.09 | 42.08 | 43.09 | 44.05 | 48.05 | 53.11 | 57.02 | 69.02 | 80.05 | 89.04 |
| Borrowings | 5.02 | 9.03 | 10.03 | 14.04 | 13.04 | 7.02 | 4.01 | 4.01 | 10.03 | 5.01 | 8.02 | 14.02 |
| Other Liabilities | 6.02 | 10.04 | 8.04 | 12.06 | 13.06 | 13.06 | 13.07 | 19.10 | 22.10 | 33.16 | 39.19 | 35.17 |
| Total Liabilities | 34.06 | 61.14 | 62.16 | 70.18 | 71.19 | 67.13 | 67.13 | 78.22 | 92.15 | 109 | 129 | 140 |
| Fixed Assets | 11.04 | 21.08 | 18.07 | 30.11 | 30.13 | 26.08 | 24.11 | 23.10 | 22.08 | 25.09 | 30.12 | 33.14 |
| CWIP | 0.00 | 2.01 | 8.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.01 |
| Investments | 3.99 | 1.99 | 0.00 | 0.00 | 0.00 | 4.99 | 15.98 | 17.01 | 24.98 | 36.01 | 46.99 | 50.97 |
| Other Assets | 19.03 | 36.06 | 36.07 | 40.07 | 41.06 | 36.06 | 27.04 | 38.11 | 45.09 | 48.08 | 52.15 | 51.11 |
| Inventories | 8.10 | 14.23 | 15.74 | 20.64 | 15.85 | 18.70 | 13.01 | 19.42 | 26.36 | 28.20 | 31.18 | 26.48 |
| Trade receivables | 6.68 | 13.25 | 11.08 | 11.46 | 11.90 | 9.25 | 9.71 | 12.62 | 12.39 | 14.66 | 14.44 | 19.86 |
| Cash & equivalents | 0.54 | 1.26 | 1.41 | 1.98 | 3.85 | 1.57 | 0.45 | 2.10 | 1.21 | 0.39 | 0.28 | 0.40 |
| Total Assets | 34.06 | 61.14 | 62.16 | 70.18 | 71.19 | 67.13 | 67.13 | 78.22 | 92.15 | 109 | 129 | 140 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.99 | 0.99 | 2.99 | 6.01 | 9.99 | 9.99 | 14.99 | 1.01 | 0.99 | 16.98 | 17.99 | 9.01 |
| Cash from investing activity | −2.99 | −0.99 | −2.99 | −6.99 | −3.99 | −4.99 | −11.98 | −1.99 | −7.99 | −12.98 | −18.96 | −12.97 |
| Cash from financing activity | 1.99 | −0.99 | 1.01 | 2.01 | −3.99 | −7.01 | −5.01 | 2.01 | 6.01 | −6.01 | 1.01 | 4.01 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | −2.01 | −1.01 | 2.01 | −1.01 | −1.01 | 0.00 | 0.00 |
| Capex | 1.16 | 2.42 | 5.68 | 8.61 | 4.22 | 0.52 | 0.68 | 2.11 | 0.35 | 5.53 | 8.39 | 10.75 |
| Free cash flow | 0.00 | −1.01 | −3.01 | −3.01 | 6.01 | 9.02 | 15.03 | 0.00 | 1.01 | 13.02 | 11.02 | −1.01 |
| CFO / OP % | 55.0% | 34.0% | 57.9% | 118.9% | 149.9% | 154.9% | 281.9% | 35.9% | 33.9% | 133.9% | 141.9% | 90.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 58 | 75 | 66 | 73 | 59 | 53 | 57 | 48 | 34 | 36 | 35 | 49 |
| Inventory days | 84 | 105 | 128 | 187 | 111 | 158 | 107 | 94 | 93 | 90 | 106 | 95 |
| Days payable | 36 | 33 | 31 | 67 | 49 | 60 | 64 | 64 | 46 | 58 | 80 | 78 |
| Cash conversion cycle | 106 | 147 | 162 | 192 | 121 | 151 | 100 | 78 | 81 | 68 | 60 | 67 |
| Working capital days | 52 | 70 | 94 | 109 | 85 | 97 | 54 | 45 | 35 | 33 | 18 | 142 |
| ROCE % | 8.0% | 2.0% | 5.0% | 3.0% | 8.0% | 6.0% | 9.0% | 12.1% | 14.0% | 24.1% | 17.0% | 16.0% |
For the Mar 2026 quarter, Nitin Castings reported sales of ₹34.49 Cr, down 10.3% year on year and net profit of ₹1.76 Cr, down 28.5% year on year. The operating margin was 10.9%.
Nitin Castings' sales for the year to Mar 2026 were ₹146 Cr; over the last twelve months they were ₹147 Cr.
Net profit for the year to Mar 2026 was ₹11.04 Cr, and ₹10.68 Cr over the last twelve months. Earnings per share over the same trailing period were ₹20.63.
Nitin Castings reported borrowings of ₹14.02 Cr at Mar 2026, against cash and equivalents of ₹0.40 Cr.
Cash from operations was ₹9.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.01 Cr.