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Nitta Gelatin India (NITTAGELA)₹1,832−0.45%Specialty Chemicals
In the Sep 2026 quarter (consolidated), Nitta Gelatin India reported sales of ₹169 Cr, up 22.5% from Sep 2025, and net profit of ₹35.98 Cr, up 99.8% year on year. For the year to Mar 2026, sales were ₹587 Cr and net profit ₹96.99 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 134 | 130 | 130 | 132 | 135 | 129 | 139 | 138 | 150 | 162 | 141 | 169 |
| Expenses | 102 | 110 | 102 | 107 | 107 | 106 | 111 | 112 | 112 | 116 | 106 | 121 |
| Operating Profit | 31.90 | 19.94 | 28.91 | 25.92 | 26.94 | 22.92 | 26.92 | 25.94 | 37.87 | 44.90 | 33.93 | 47.86 |
| OPM % | 24.0% | 15.0% | 22.0% | 20.0% | 20.0% | 18.0% | 20.0% | 19.0% | 25.0% | 28.0% | 24.0% | 28.1% |
| Other Income | 0.00 | 4.99 | 0.99 | 3.99 | 8.98 | 5.99 | 1.99 | 2.99 | 0.99 | 4.99 | 3.99 | 4.99 |
| Interest | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 4.01 | 4.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 4.01 | 4.01 | 4.02 | 4.01 | 6.02 |
| Profit before tax | 29.08 | 20.06 | 27.08 | 27.08 | 33.10 | 26.09 | 26.08 | 25.08 | 35.08 | 46.14 | 34.11 | 46.15 |
| Tax % | 28.0% | 33.0% | 26.0% | 24.0% | 25.0% | 24.0% | 26.0% | 27.0% | 27.0% | 26.0% | 26.0% | 22.0% |
| Exceptional items | 0.00 | 0.00 | −0.99 | 0.00 | 4.99 | 2.99 | −0.99 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 20.99 | 12.99 | 19.99 | 19.98 | 23.99 | 20.01 | 18.99 | 18.01 | 25.98 | 33.99 | 25.01 | 35.98 |
| EPS (Rs) | 21.87 | 15.33 | 21.60 | 22.22 | 26.88 | 21.57 | 21.07 | 20.26 | 28.12 | 37.48 | 27.67 | 39.48 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 356 | 355 | 341 | 302 | 342 | 395 | 505 | 564 | 532 | 526 | 587 | 621 |
| Expenses | 322 | 321 | 314 | 274 | 307 | 352 | 443 | 453 | 410 | 421 | 452 | 457 |
| Operating Profit | 35.87 | 35.92 | 28.92 | 29.91 | 35.92 | 44.88 | 63.85 | 114 | 124 | 106 | 138 | 165 |
| OPM % | 10.0% | 10.0% | 8.0% | 10.0% | 10.0% | 11.0% | 13.0% | 20.0% | 23.0% | 20.0% | 23.0% | 26.5% |
| Other Income | 1.99 | 8.99 | 4.99 | 0.99 | 1.99 | 0.99 | 4.99 | 3.99 | 10.98 | 20.98 | 10.98 | 14.96 |
| Interest | 8.01 | 7.01 | 7.01 | 9.01 | 8.01 | 6.01 | 5.01 | 4.01 | 3.01 | 2.01 | 1.01 | 0.00 |
| Depreciation | 13.04 | 14.05 | 15.04 | 15.05 | 16.05 | 16.05 | 14.05 | 14.04 | 15.05 | 13.04 | 15.06 | 18.06 |
| Profit before tax | 18.04 | 24.07 | 12.03 | 7.02 | 13.04 | 25.07 | 49.13 | 99.30 | 116 | 112 | 132 | 161 |
| Tax % | 53.0% | 49.0% | 61.0% | 33.0% | 8.0% | 29.0% | 29.0% | 25.0% | 28.0% | 25.0% | 26.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 13.98 | −0.99 | 0.00 |
| Net Profit | 8.99 | 11.99 | 4.99 | 4.99 | 12.01 | 17.99 | 34.98 | 73.96 | 83.95 | 84.02 | 96.99 | 121 |
| EPS (Rs) | 11.80 | 15.59 | 4.89 | 3.81 | 12.37 | 19.12 | 36.18 | 77.38 | 90.86 | 92.25 | 106.94 | 132.75 |
| Dividend payout % | 21.0% | 16.0% | 51.0% | 39.0% | 20.0% | 16.0% | 11.0% | 10.0% | 7.0% | 9.0% | 7.0% | — |
| 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 | 8.99 | 8.98 | 8.98 | 8.97 | 8.98 | 8.99 | 8.98 | 8.99 | 8.99 | 8.99 | 8.99 | 8.99 |
| Reserves | 98.85 | 105 | 124 | 139 | 141 | 144 | 164 | 192 | 259 | 333 | 413 | 502 |
| Borrowings | 65.94 | 91.94 | 109 | 104 | 108 | 83.83 | 79.91 | 85.86 | 38.97 | 13.99 | 30.96 | 3.99 |
| Other Liabilities | 49.23 | 50.25 | 59.29 | 54.26 | 55.27 | 57.27 | 53.25 | 58.27 | 60.29 | 65.31 | 62.30 | 71.34 |
| Total Liabilities | 223 | 256 | 301 | 306 | 313 | 294 | 306 | 345 | 367 | 423 | 515 | 586 |
| Fixed Assets | 118 | 120 | 110 | 113 | 130 | 121 | 113 | 107 | 114 | 114 | 117 | 148 |
| CWIP | 9.03 | 9.03 | 13.04 | 10.03 | 4.01 | 4.01 | 2.01 | 7.02 | 7.02 | 8.03 | 19.06 | 15.04 |
| Investments | 1.01 | 1.01 | 1.01 | 0.99 | 0.99 | 1.01 | 1.01 | 1.01 | 0.99 | 0.99 | 7.01 | 8.01 |
| Other Assets | 95.90 | 127 | 177 | 182 | 179 | 169 | 191 | 230 | 246 | 300 | 372 | 415 |
| Inventories | 54.98 | 60.92 | 73.92 | 72.92 | 69.99 | 91.01 | 92.92 | 103 | 93.01 | 95.94 | 91.97 | 85.92 |
| Trade receivables | 21.94 | 19.97 | 51.89 | 60.87 | 62.91 | 33.93 | 62.83 | 88.85 | 87.80 | 84.83 | 94.73 | 97.72 |
| Cash & equivalents | 2.01 | 27.09 | 15.05 | 7.02 | 6.02 | 2.01 | 3.01 | 3.01 | 31.11 | 76.22 | 139 | 179 |
| Total Assets | 223 | 256 | 301 | 306 | 313 | 294 | 306 | 345 | 367 | 423 | 515 | 586 |
| 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 | 20.02 | 20.01 | 11.01 | 26.99 | 22.01 | 40.01 | 19.01 | 16.99 | 101 | 94.03 | 75.01 | 122 |
| Cash from investing activity | −8.01 | −14.03 | −3.01 | −7.02 | −14.04 | −10.03 | −7.02 | −14.04 | −18.05 | −54.10 | −9.02 | −182 |
| Cash from financing activity | −11.98 | 17.95 | −4.99 | −19.95 | −6.99 | −32.92 | −11.97 | −1.99 | −54.85 | −35.92 | 10.97 | −36.89 |
| Net cash flow | 0.00 | 25.01 | 3.01 | 0.00 | 0.99 | −3.01 | 0.00 | 0.99 | 27.98 | 3.99 | 76.92 | −96.98 |
| Capex | 7.97 | 14.95 | 18.93 | 14.94 | 16.93 | 9.96 | 7.97 | 14.94 | 21.91 | 15.94 | 33.86 | 51.79 |
| Free cash flow | 11.96 | 5.98 | −6.98 | 11.97 | 4.99 | 29.93 | 10.97 | 1.99 | 81.72 | 77.82 | 51.82 | 71.78 |
| CFO / OP % | 99.1% | 73.1% | 54.1% | 133.1% | 93.1% | 124.1% | 54.1% | 33.1% | 112.1% | 102.1% | 95.1% | 113.1% |
| 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 | 24 | 22 | 55 | 67 | 77 | 38 | 59 | 65 | 58 | 59 | 67 | 62 |
| Inventory days | 99 | 113 | 143 | 152 | 190 | 204 | 160 | 135 | 125 | 155 | 138 | 119 |
| Days payable | 51 | 42 | 48 | 53 | 59 | 49 | 43 | 28 | 39 | 44 | 40 | 54 |
| Cash conversion cycle | 73 | 94 | 151 | 166 | 210 | 194 | 177 | 173 | 145 | 171 | 166 | 128 |
| Working capital days | 10 | 17 | 31 | 31 | 26 | 27 | 55 | 55 | 70 | 90 | 84 | 87 |
| ROCE % | 6.0% | 13.0% | 14.0% | 7.0% | 6.0% | 9.0% | 12.0% | 20.0% | 33.0% | 35.0% | 25.0% | 28.0% |
For the Sep 2026 quarter, Nitta Gelatin India reported sales of ₹169 Cr, up 22.5% year on year and net profit of ₹35.98 Cr, up 99.8% year on year. The operating margin was 28.1%.
Nitta Gelatin India's sales for the year to Mar 2026 were ₹587 Cr; over the last twelve months they were ₹621 Cr.
Net profit for the year to Mar 2026 was ₹96.99 Cr, and ₹121 Cr over the last twelve months. Earnings per share over the same trailing period were ₹132.75.
Nitta Gelatin India reported borrowings of ₹3.99 Cr at Mar 2026, against cash and equivalents of ₹179 Cr.
Cash from operations was ₹122 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹71.78 Cr.