Nitco Limited
NSE: NITCO · Ceramics · sector
₹68.28NSE close 2026-10-26
Key numbers
Market cap₹1,642 cr
Price₹68.28
52w high / low₹119 / ₹64
P/E–Sector median 28.7x
P/B4.5xSector median 1.6x
Book value₹15.2
Dividend yield–Sector median 0.81%
ROE-9.4%Sector median 4.6%
ROCE-2.8%Sector median 5.0%
OPM-7.3%Sector median 7.3%
Debt / equity0.83xSector median 0.29x
EV/EBITDA–Sector median 12.0x
Interest cover-1.8x
Current ratio2.01x
Sales growth 3y+12.2%Sector median +5.9%
Profit growth 3y–Sector median +4.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Ceramics (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹31 cr vs borrowings ₹304 cr (FY26): borrowings are higher by ₹273 cr.
- Operating profit covered interest -1.8x in the last 12 months.
- 53.81% of the promoters' shares are pledged (12.9% of all shares).
- Promoter holding rose by 7.75 percentage points in a year, to 23.96% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY24).
- Net loss in 6 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Debtor days went from 42 (FY24) to 113 (FY26).
- No dividend in the last 5 financial years.
- Price ₹68.28 on 2026-10-26: -42.8% from the 52-week high, +6.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹153.64 · low ₹65.91
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 85 | 94 | 150 | 108 | 132 | 152 | 116 |
| EBITDA | -1 | -478 | -6 | 50 | -14 | -10 | -5 | -8 |
| OPM % | -2.2% | -565.1% | -6.6% | 33.0% | -12.7% | -7.6% | -3.2% | -7.1% |
| Other income | 1 | 1 | 10 | 3 | 4 | 3 | 2 | 2 |
| Net profit | -35 | -660 | -0 | 48 | 1 | -12 | -8 | -10 |
| EPS (₹) | -4.82 | -91.87 | -0.16 | 2.07 | 0.04 | -0.52 | -0.34 | -0.43 |
| Revenue YoY | +63.2% | +55.7% | +62.9% | -22.8% | ||||
| Profit YoY | – | – | – | -121.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 411 | 384 | 325 | 314 | 542 | 508 |
| EBITDA | -39 | -53 | -43 | -497 | 21 | -37 |
| Net profit | -126 | -151 | 0 | -0 | 29 | -29 |
| EPS (₹) | -17.50 | -5.86 | -22.68 | -74.59 | 1.26 | -1.25 |
| Revenue growth | -6.6% | -15.2% | -3.3% | +72.4% | +28.8% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.2% | +10.6% | +28.8% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -22.1% (2y) | -35.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -349 | -512 | 247 | 365 |
| Borrowings | – | 880 | 971 | 286 | 304 |
| Cash & equivalents | – | 266 | 7 | 91 | 31 |
| Total assets | – | 818 | 730 | 921 | 1,090 |
| Fixed assets | – | 336 | 309 | 85 | 66 |
| Capital work in progress | – | 4 | 4 | 4 | 11 |
| Investments | – | 0 | 0 | 0 | 1 |
| Receivables | – | 74 | 37 | 64 | 168 |
| Inventory | – | 0 | 243 | 373 | 429 |
| Payables | – | 159 | 158 | 93 | 113 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 6 | 3 | -9 | -148 | -153 |
| Cash from investing | 4 | -0 | -0 | -4 | -10 |
| Cash from financing | -10 | -3 | 5 | 228 | 102 |
| Capex | 0 | 0 | 0 | 6 | 10 |
| Free cash flow | 6 | 2 | -9 | -154 | -162 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 43.3% | 0.0% | 0.0% | 7.9% |
| ROCE % | – | -14.7% | -14.6% | -126.0% | 5.8% |
| Debtor days | – | 70 | 42 | 75 | 113 |
| Inventory days | – | 0 | 343 | 569 | 448 |
| Payable days | – | 189 | 223 | 141 | 118 |
| Cash conversion cycle (days) | – | -119 | 162 | 503 | 443 |
| Working capital days | – | -517 | -762 | 380 | 299 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 23.96% |
| FIIs | 2.09% |
| DIIs | 0.70% |
| Government | 0.00% |
| Public (non-institutions) | 73.25% |
| Quarter | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Jul 2026 | Jul 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 16.21% | 16.20% | 20.17% | 20.17% | 20.17% | 22.27% | 23.96% | 23.96% |
| Promoter group | % |
|---|---|
| Vivek Prannath Talwar | 13.16% |
| Melisma Finance And Trading Private limited | 10.17% |
| Anjali Vivek Talwar | 0.22% |
| Ushakiran Builders Private Limited | 0.08% |
| Lavender Properties Private Limited | 0.08% |
| Prakalp Proprties Private Limited | 0.07% |
| Poonam Talwar | 0.05% |
| Lovraj Talwar | 0.03% |
| Sanjnaa Talwar | 0.03% |
| Nitco Tiles And Marble Industries Andhra Pvt Limited | 0.03% |
| Enjoy Builders Private Limited | 0.03% |
| Vivek Talwar HUF | 0.01% |
| Rajeshwari Prannath Talwar | 0.00% |
| A N Talwar (HUF) | 0.00% |
| Northern India Tiles Corporation | 0.00% |
| Public holders above 1% | % |
|---|---|
| Authum Investment and Infrastructure Limited | 44.54% |
| Altitude Investment Fund PCC- Cell 1 | 1.72% |
| Sukhraj Babulalji Nahar | 1.07% |
29,029 shareholders. Pledged: 53.81% of promoter shares.
Peers in Ceramics
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| KAJARIACER | ₹17,816 cr | 32.6x | 5.8x | 18.8% | 24.5% | 17.7% | +3.3% | 1.07% |
| VARMORA | ₹2,780 cr | – | 2.4x | – | – | – | – | – |
| SOMANYCERA | ₹2,272 cr | 21.4x | 2.7x | 13.2% | 17.7% | 9.9% | +4.0% | 0.54% |
| NITCO | ₹1,642 cr | – | 4.5x | -9.4% | -2.8% | -7.3% | +12.2% | – |
| ASIANTILES | ₹1,368 cr | 60.7x | 0.9x | 0.9% | 2.2% | 4.7% | +5.9% | – |
| ORIENTBELL | ₹524 cr | 24.8x | 1.6x | 6.5% | 8.6% | 6.6% | -0.7% | 0.14% |
| EXXARO | ₹280 cr | 69.5x | 1.0x | 1.5% | 4.7% | 7.9% | -1.3% | – |
| MURUDCERA | ₹151 cr | 15.4x | 0.4x | 2.6% | 5.2% | 15.8% | +6.0% | 2.00% |
| MCPL | ₹93 cr | 7.2x | 0.8x | 11.3% | 20.1% | 12.1% | – | – |
| RESTILE | ₹83 cr | 76.5x | – | – | -2.1% | 4.2% | +41.9% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Tiles and other related products | ₹481 cr | 88.8% | ₹-14 cr | -2.9% |
| Real estate | ₹61 cr | 11.2% | ₹45 cr | 74.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-11 | Other | Annual General Meeting |
| 2018-09-10 | Other | Annual General Meeting |
| 2018-02-12 | Other | Extra-Ordinary General Meeting |
| 2017-09-11 | Other | Annual General Meeting |
| 2016-09-09 | Other | Annual General Meeting |
| 2015-09-10 | Other | Annual General Meeting |
| 2014-09-10 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-13 | Other | Annual General Meeting |
| 2011-09-20 | Dividend | Dividend-Re.0.50 Per Share |
| 2010-09-07 | Other | Annual General Meeting |
| 2009-09-09 | Dividend | Dividend-Re.1/- Per Share |
| 2008-09-15 | Other | Agm/Div - Rs. 2/- Per Shr |
| 2007-12-03 | Dividend | Agm/Dividend-Rs.2 Per Sh |
| 2006-08-11 | Dividend | Dividend-10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Ceramics |
| Sub-industry | Ceramics |
| Symbol | NITCO |
| BSE code | 532722 |
| ISIN | INE858F01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.