National Fittings (BSE 531289)₹285.85−2.51%Iron & Steel Products
In the Jun 2026 quarter (standalone), National Fittings reported sales of ₹27.07 Cr, up 31.8% from Jun 2025, and net profit of ₹3.95 Cr, up 50.2% year on year. For the year to Mar 2026, sales were ₹90.88 Cr and net profit ₹9.01 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.87 | 16.53 | 21.59 | 15.12 | 18.65 | 20.77 | 23.44 | 20.54 | 23.60 | 23.58 | 23.51 | 27.07 |
| Expenses | 17.48 | 14.14 | 18.46 | 14.27 | 17.35 | 18.76 | 20.11 | 17.06 | 21.26 | 20.85 | 20.38 | 21.84 |
| Operating Profit | 3.47 | 2.47 | 3.23 | 0.90 | 1.38 | 2.11 | 3.44 | 3.56 | 2.43 | 2.83 | 3.20 | 5.33 |
| OPM % | 16.7% | 15.0% | 15.0% | 6.0% | 7.5% | 10.3% | 14.7% | 17.4% | 10.4% | 12.1% | 13.7% | 19.8% |
| Other Income | 0.34 | 0.28 | 0.49 | 7.43 | 0.58 | 0.57 | 13.57 | 0.90 | 1.16 | 1.03 | 1.66 | 0.92 |
| Interest | 0.30 | 0.30 | 0.30 | 0.24 | 0.20 | 0.19 | 0.21 | 0.16 | 0.11 | 0.24 | 0.31 | 0.29 |
| Depreciation | 0.87 | 0.81 | 0.88 | 0.80 | 0.82 | 0.85 | 0.44 | 0.70 | 0.70 | 0.70 | 0.80 | 0.75 |
| Profit before tax | 2.63 | 1.63 | 2.53 | 7.27 | 0.93 | 1.63 | 16.30 | 3.59 | 2.77 | 2.91 | 3.74 | 5.21 |
| Tax % | 27.7% | 26.8% | 24.4% | 4.9% | 11.7% | 36.6% | 11.4% | 27.2% | 33.5% | 0.0% | 54.1% | 24.5% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 7.01 | 0.00 | 0.00 | 11.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1.91 | 1.21 | 1.93 | 6.94 | 0.85 | 1.05 | 14.50 | 2.63 | 1.85 | 2.94 | 1.73 | 3.95 |
| EPS (Rs) | 2.10 | 1.33 | 2.12 | 7.64 | 0.93 | 1.15 | 15.98 | 2.89 | 2.04 | 3.24 | 1.90 | 4.35 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51.88 | 66.83 | 61.84 | 57.91 | 56.86 | 50.89 | 65.87 | 85.84 | 76.82 | 77.85 | 90.88 | 97.76 |
| Expenses | 41.15 | 52.18 | 48.13 | 51.15 | 52.12 | 46.15 | 62.21 | 76.18 | 65.21 | 70.23 | 79.20 | 84.33 |
| Operating Profit | 10.96 | 15.95 | 13.96 | 6.98 | 4.98 | 4.99 | 3.98 | 9.97 | 11.96 | 7.97 | 11.95 | 13.79 |
| OPM % | 22.1% | 23.1% | 22.0% | 12.1% | 8.1% | 9.1% | 7.0% | 11.1% | 15.1% | 10.0% | 13.0% | 14.1% |
| Other Income | 1.99 | 1.99 | 2.99 | 1.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 21.98 | 4.99 | 4.77 |
| Interest | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.95 |
| Depreciation | 0.99 | 0.99 | 2.99 | 2.99 | 1.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.95 |
| Profit before tax | 10.97 | 15.95 | 11.97 | 3.99 | 1.99 | 1.99 | 1.99 | 6.97 | 7.97 | 25.91 | 12.96 | 14.63 |
| Tax % | 33.0% | 36.0% | 37.0% | 33.0% | 11.0% | 30.0% | 20.0% | 33.0% | 27.0% | 11.0% | 30.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.03 | 0.17 | 0.00 | 0.10 | 0.28 | 0.06 | −0.19 | 16.93 | 0.00 | 0.00 |
| Net Profit | 7.01 | 10.01 | 8.01 | 3.01 | 1.01 | 2.01 | 1.01 | 4.01 | 6.01 | 23.01 | 9.01 | 10.47 |
| EPS (Rs) | 8.90 | 12.22 | 9.32 | 3.30 | 1.49 | 1.82 | 1.49 | 4.84 | 6.44 | 25.70 | 10.04 | 11.53 |
| Dividend payout % | 34.0% | 32.9% | 0.0% | 46.0% | 0.0% | 55.0% | 67.9% | 31.0% | 22.9% | 4.0% | 9.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.97 | 7.97 | 7.97 | 8.97 | 8.97 | 8.97 | 8.96 | 8.97 | 8.97 | 8.96 | 8.97 | 8.97 |
| Reserves | 7.00 | 11.01 | 19.06 | 37.98 | 40.95 | 40.94 | 41.95 | 42.93 | 45.95 | 49.99 | 71.98 | 80.03 |
| Borrowings | 8.00 | 6.00 | 5.01 | 21.97 | 25.96 | 20.97 | 16.97 | 17.97 | 19.96 | 15.00 | 5.00 | 16.01 |
| Other Liabilities | 3.99 | 5.97 | 6.96 | 10.95 | 15.92 | 12.93 | 12.94 | 14.92 | 13.93 | 13.94 | 15.92 | 14.92 |
| Total Liabilities | 26.96 | 31.95 | 39.00 | 79.87 | 90.80 | 82.81 | 80.82 | 84.79 | 88.81 | 87.89 | 103 | 120 |
| Fixed Assets | 4.98 | 5.98 | 9.97 | 40.87 | 46.80 | 46.82 | 45.82 | 47.80 | 46.83 | 44.87 | 26.89 | 27.90 |
| CWIP | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 3.01 | 5.02 | 0.00 | 3.01 |
| Investments | 0.00 | 0.00 | 1.01 | 2.01 | 2.01 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 6.02 | 7.01 |
| Other Assets | 21.98 | 25.97 | 27.01 | 36.98 | 41.98 | 33.97 | 32.98 | 34.97 | 35.96 | 35.99 | 68.96 | 82.01 |
| Inventories | 5.00 | 6.63 | 7.85 | 11.26 | 13.05 | 15.33 | 12.17 | 15.50 | 15.61 | 14.59 | 15.01 | 21.88 |
| Trade receivables | 2.40 | 2.58 | 2.65 | 3.02 | 4.66 | 3.43 | 4.17 | 4.82 | 5.71 | 5.84 | 7.15 | 8.79 |
| Cash & equivalents | 7.37 | 10.18 | 12.43 | 15.70 | 16.47 | 8.64 | 11.06 | 10.36 | 10.64 | 10.83 | 44.12 | 44.13 |
| Total Assets | 26.96 | 31.95 | 39.00 | 79.87 | 90.80 | 82.81 | 80.82 | 84.79 | 88.81 | 87.89 | 103 | 120 |
| 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 | 3.99 | 9.99 | 12.97 | 8.99 | 5.99 | 1.99 | 8.98 | 3.99 | 5.99 | 9.99 | 7.99 | −3.99 |
| Cash from investing activity | 0.00 | −0.99 | −4.99 | −6.98 | −6.99 | −0.99 | −0.99 | −3.99 | −4.99 | −1.99 | 36.93 | −1.99 |
| Cash from financing activity | −3.01 | −5.01 | −5.01 | −1.01 | 2.01 | −8.02 | −5.01 | 0.00 | 0.00 | −8.02 | −12.03 | 6.01 |
| Net cash flow | 2.01 | 3.01 | 2.01 | 1.01 | 1.01 | −8.03 | 2.01 | −1.01 | 0.00 | 0.00 | 33.12 | 0.00 |
| Capex | 0.25 | 1.98 | 6.16 | 7.99 | 8.82 | 2.71 | 1.91 | 4.82 | 6.13 | 3.37 | 2.85 | 5.75 |
| Free cash flow | 4.01 | 8.01 | 6.02 | 1.01 | −2.01 | 0.00 | 7.02 | 0.00 | 0.00 | 7.01 | 47.06 | −9.01 |
| CFO / OP % | 67.0% | 113.1% | 119.1% | 103.1% | 116.1% | 29.1% | 182.1% | 76.1% | 70.0% | 103.1% | 114.1% | −32.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 19 | 19 | 15 | 19 | 30 | 23 | 31 | 27 | 25 | 29 | 34 | 36 |
| Inventory days | 64 | 83 | 78 | 262 | 253 | 326 | 241 | 221 | 172 | 213 | 147 | 187 |
| Days payable | 17 | 27 | 37 | 112 | 148 | 136 | 129 | 125 | 76 | 70 | 82 | 66 |
| Cash conversion cycle | 64 | 74 | 56 | 167 | 135 | 212 | 141 | 123 | 120 | 171 | 98 | 156 |
| Working capital days | 44 | 25 | 19 | −16 | −32 | −10 | −11 | −20 | −14 | −3 | 34 | 74 |
| ROCE % | 44.0% | 49.1% | 58.1% | 27.1% | 8.1% | 4.0% | 5.0% | 4.0% | 10.1% | 13.1% | 10.1% | 15.1% |
For the Jun 2026 quarter, National Fittings reported sales of ₹27.07 Cr, up 31.8% year on year and net profit of ₹3.95 Cr, up 50.2% year on year. The operating margin was 19.8%.
National Fittings' sales for the year to Mar 2026 were ₹90.88 Cr; over the last twelve months they were ₹97.76 Cr.
Net profit for the year to Mar 2026 was ₹9.01 Cr, and ₹10.47 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.53.
National Fittings reported borrowings of ₹16.01 Cr at Mar 2026, against cash and equivalents of ₹44.13 Cr.
Cash from operations was −₹3.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹9.01 Cr.