NITCOConsumer Discretionary

Nitco Limited

Ceramics · ISIN INE858F01012 · BSE 532722 · NSE EQ · FV ₹10
Last price
₹86
+0.90%today
What this company does

Nitco Limited operates in Ceramics, part of the Consumer Discretionary sector. It booked ₹116 cr of revenue in its latest quarter (Q1 FY27) and kept -8.9% of sales as profit. It is the 3rd largest of 8 Ceramics companies we track, by market value.

In the report:
22out of 100
Equitytale Health Score
Fragile

Healthier than 22% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns8

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality21

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation9

What today's price implies, against our models or its peers

Governance & risk36

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Watch-outs
! Currently loss-making
! Thin -8.9% net margin
! Sales down 23% vs last year
! 53.8% of promoter stake pledged
! Low -11.3% return on equity
! Operating cash flow is negative

What if I invest in NITCO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹86 +0.90%
latest close · 2026-09-17
1-year return
+301.6%
52-wk low ₹2052-wk high ₹110
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio5.67High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-11.3%Loss
WeakFairStrong ▸15%
Return on capital-4.8%Loss
WeakFairStrong
Net margin-8.9%Loss
ThinDecentStrong
EBITDA margin-4.9%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.83Moderate
LowModerateHigh ▸1
Interest cover-3.1×Risky
RiskyOkayStrong ▸5×
Current ratio2.01Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,067 cr
Book value
₹15
EPS
₹-0.43
latest quarter
Net debt
₹273 cr
owes more than its cash
Enterprise value
₹2,340 cr
EBITDA
₹-23 cr
annualised
EBIT
₹-31 cr
annualised
Operating margin
-6.8%
Return on assets
-3.8%
Earnings yield
P/S
4.45
Sales / share
₹19.3
Tax rate
Face value
₹10
Shares
24.1 cr
Working capital
₹443 cr
Current assets
₹880 cr
Current liabilities
₹437 cr
Delivery %
49.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹116 cr
Other Income₹2 cr
Total Income₹119 cr
Cost of Materials₹23 cr
Purchases of Stock-in-Trade₹63 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹19 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹22 cr
Total Expenses₹129 cr
Profit before Tax₹-10 cr
Tax Expense₹0.16 L
Net Profit₹-10 cr
Net margin on total income-8.7%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹82 cr63.8%
Employee benefit expense₹19 cr15.1%
Finance costs₹2 cr1.9%
Depreciation & amortisation₹2 cr1.7%
Other expenses₹22 cr17.4%
Tax expense₹0.16 L0.0%
Total income ₹119 cr

The company made a net loss of ₹10 cr this quarter — income covered only 92 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue132 cr152 cr116 cr
Total income134 cr155 cr119 cr
Expenses142 cr162 cr129 cr
Profit before tax-12 cr-8 cr-10 cr
Tax0 cr2.6 L0.16 L
Net profit (owners' share)-12 cr-8 cr-10 cr
Net margin (owners' share, on revenue)-9.0%-5.1%-8.9%
EPS (₹)-0.52-0.34-0.43
YoY (latest quarter): total income -22.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,090 cr
Shareholder equity
₹365 cr
parent shareholders
Total debt
₹304 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹-62 cr
Investing
₹-3 cr
Financing
₹33 cr
Peer comparison
Ceramics · by market value
CompanyPriceMarket capP/E
Kajaria Ceramics Limited₹1,217₹19,390 cr28.6
Somany Ceramics Limited₹566₹2,320 cr16.3
Nitco Limitedthis company₹86₹2,067 cr
Asian Granito India Limited₹50₹1,481 cr46.3
Orient Bell Limited₹387₹569 cr17.1
Exxaro Tiles Limited₹6₹280 cr31.3
Murudeshwar Ceramics Limited₹29₹173 cr55.1
Regency Ceramics Limited₹35₹93 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-07-24
53.8% pledged
Promoter
24.0%
FII / Foreign
2.1%
DII / Domestic
0.6%
Retail / others
73.4%
Promoter stake down 22.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMr. Vivek Prannath Talwar · Promoter and Director55.06 L · ₹38.1 cr24 Jul 26
BoughtMr. Vivek Prannath Talwar · Promoter and Director65.04 L · ₹45.0 cr23 Jul 26
BoughtVivek Prannath Talwar · Promoters1.14 cr · ₹78.9 cr23 Mar 26
Bulk / block deals
SoldLEADING LIGHT FUND VCC THE TRIUMPH FUND · NSE4.24 L @ ₹13124 Apr 25
BoughtKAMATH ASSOCIATES · NSE7.00 L @ ₹13124 Apr 25
BoughtMANSI SHARE AND STOCK ADVISORS PVT LTD · NSE3.99 L @ ₹128.1123 Apr 25
Stake changes
BoughtMr. Vivek Prannath Talwar · promoter→ 23.96% · 55.06 L24 Jul 26
BoughtMr. Vivek Prannath Talwar · promoter→ 22.27% · 65.04 L23 Jul 26
BoughtMr. Vivek Prannath Talwar · promoter→ 20.17% · 1.14 cr23 Mar 26
Promoter pledges
ReleasedReliance Commercial Finance Limited5.43 L · 0.76% held28 Aug 24
ReleasedNA2.09 L · 0.29% held26 Jun 24
ReleasedNA1.76 L · 0.24% held26 Jun 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Mar 2026
See the official result
1
To approve the re-appointment of Mr. Vivek Prannath Talwar (DIN: 00043180), as Managing Director of the Company designated as “Executive Chairman” (Key Managerial Personnel) for a period of 3 years with effect from April 01, 2026
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
11.74 cr votes for, 2,962 against · 0% of mutual funds and other big investors said no
2
To approve grant of advance, any loan/give guarantee/provide security under section 185 of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
11.74 cr votes for, 2,884 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 20 named members
owning 24.0% between them · as of 2026-07-24
Vivek Prannath Talwar13.16%
Melisma Finance And Trading Private limited10.17%
Anjali Vivek Talwar0.22%
Lavender Properties Private Limited0.08%
Ushakiran Builders Private Limited0.08%
Prakalp Proprties Private Limited0.07%
Poonam Talwar0.05%
Enjoy Builders Private Limited0.03%
Business done with them
FY2025 · 8 of the group
The company paid ₹43 cr to companies in the promoter group last year — about 13.6% of its ₹314 cr revenue.
Anjali Vivek Talwar
Bought goods from them · AS GIVEN BELOW
also owns 0.22% of the company
₹41 cr
company paid
Anjali Vivek Talwar
Other payments to them · AS GIVEN BELOW
also owns 0.22% of the company
₹1 cr
company paid
USHAKIRAN BUILDERS PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
also owns 0.08% of the company
₹10.2 L
company received
RANG MANDIR BUILDERS PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
₹10.2 L
company received
PRAKALP PROPRTIES PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
also owns 0.07% of the company
₹10.2 L
company received
LAVENDER PROPERTIES PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
also owns 0.08% of the company
₹10.2 L
company received
ENJOY BUILDERS PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
also owns 0.03% of the company
₹10.2 L
company received
EDEN GARDEN BUILDERS PRIVATE LIMITED
Leases As Lessee · AS GIVEN BELOW
₹10.2 L
company received
Poonam Talwar
Other payments to them · AS GIVEN BELOW
also owns 0.05% of the company
₹4.1 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹5 cr raised in Jan 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

₹458 cr raised in Jan 2025 by selling shares to selected investors

As of Mar 2025, the company says it has spent 62% of what it set aside, leaving ₹237 cr still to be spent. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Repayment of existing debt and redemption of existing non-convertible debentures issued by the Company
99%
₹197 cr of ₹200 cr
Payment of outstanding dues payable to operational creditors
91%
₹45 cr of ₹50 cr
Meeting Working Capital requirements for tiles and marble business
92%
₹46 cr of ₹50 cr
Acquisition of real estate / land and/or corporate entities holding real estate / land, in order to propel the growth of the Borrower and expansion the business operations of the Borrower
29%
₹86 cr of ₹300 cr
General Corporate Purposes
42%
₹8 cr of ₹20 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.