National Fittings Limited

BSE: NATFIT531289ISIN INE643C01015

Industrials
Iron & Steel Products

Share price

₹269.20-1.20 (-0.44%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹360.90
52W low: ₹133.60
Off 52W high: -25.41%
1M return: -17.71%
3M return: +73.23%
6M return: +91.74%
1Y return: +37.07%
20D avg volume: 22,135
50 DMA: ₹282.91
200 DMA: ₹189.59

Key ratios Standalone

Market cap: ₹244.52 Cr
Current price: ₹269.20
52W high / low: ₹360.90 / ₹133.60
Face value: ₹10.00
P/E: 21.30
P/B: 3.72
EPS (TTM): ₹12.64
Book value / share: ₹72.37
ROE: 17.47%
ROCE: 14.50%
Operating margin: 12.85%
Net margin: 9.04%
Debt / equity: 0.18
Net debt: ₹15.63 Cr
Interest cover: 15.99
Dividend yield: 0.37%
Dividend / share (TTM): ₹1.00
Payout: 7.91%
Cash conversion cycle: 91.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	32.09	27.13	23.54	23.64	23.64	20.58	23.49	20.82	18.68	15.14	21.64	16.57
	0.74	0.93	1.67	1.04	1.17	0.91	1.23	0.58	0.59	0.57	0.50	0.29
	32.83	28.07	25.21	24.68	24.81	21.49	24.72	21.40	19.27	15.71	22.14	16.86
	29.61	22.85	21.46	21.75	22.04	17.89	20.71	19.75	18.32	15.29	19.60	15.22
	13.76	12.78	12.57	13.70	10.94	10.93	11.85	8.57	9.91	7.45	6.08	5.63
	0.00	0.00	0.00	0.00	0.05	0.00	0.00	—	—	—	0.00	0.00
	3.19	2.82	1.97	2.81	2.46	2.14	2.45	2.41	2.47	2.25	2.71	2.60
	0.08	0.30	0.32	0.25	0.12	0.17	0.22	0.20	0.21	0.25	0.31	0.31
	0.83	0.76	0.81	0.71	0.71	0.71	0.45	0.86	0.83	0.81	0.89	0.82
	8.65	8.39	8.00	6.95	6.95	5.75	6.43	3.10	3.15	2.91	4.49	3.97
	3.22	5.22	3.75	2.92	2.77	3.60	4.01	1.65	0.94	0.42	2.54	1.64
	0.00	0.00	0.00	0.00	0.00	0.00	12.35	—	—	6.87	—	—
	3.22	5.22	3.75	2.92	2.77	3.60	16.36	1.65	0.94	7.29	2.54	1.64
	0.32	1.28	2.03	0.00	0.93	0.97	1.86	0.60	0.10	0.36	0.62	0.44
	2.90	3.94	1.72	2.93	1.84	2.62	14.49	1.04	0.84	6.93	1.92	1.20
	3.19	4.34	1.89	3.22	2.03	2.89	15.96	1.15	0.92	7.63	2.11	1.32
Key metrics
	4.13	6.28	4.88	3.88	3.60	4.48	17.03	2.71	1.98	8.35	3.74	2.77
	12.90%	23.10%	20.70%	16.40%	15.20%	21.80%	72.50%	13.00%	10.60%	55.20%	17.30%	16.70%
	9.00%	14.50%	7.30%	12.40%	7.80%	12.70%	61.70%	5.00%	4.50%	45.80%	8.90%	7.20%
	3.30%	—	4.30%	—	3.20%	—	19.30%	—	—	—	—	—
	35.70%	31.80%	0.20%	13.50%	26.60%	35.90%	8.50%	25.60%	—	—	—	—
	57.60%	50.40%	-88.10%	181.70%	119.00%	-62.20%	654.70%	-13.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	106.40	91.40	78.13	76.53	86.02	66.30
	4.38	4.78	2.97	1.49	1.47	1.32
	110.79	96.19	81.10	78.02	87.49	67.62
	95.67	83.14	74.08	69.99	80.92	65.95
	52.81	48.14	37.77	24.59	33.20	25.96
	0.00	0.05	0.00	0.02	0.12	1.09
	10.79	9.38	9.58	10.55	10.66	9.22
	0.95	0.87	0.87	1.27	1.06	1.12
	3.11	2.95	2.95	3.46	3.43	2.89
	31.99	27.65	23.71	16.99	18.77	15.30
	15.11	13.04	7.02	8.03	6.57	1.67
	0.00	0.00	19.22	—	—	—
	15.11	13.04	26.24	8.03	6.57	1.67
	3.63	3.94	2.93	2.18	2.18	0.33
	11.49	9.11	23.30	5.84	4.39	1.34
	12.64	10.03	25.66	6.43	4.68	1.48
Key metrics
	19.17	16.86	30.06	12.76	11.06	5.68
	18.02%	18.40%	38.50%	16.70%	12.90%	8.60%
	10.80%	10.00%	29.80%	7.60%	5.10%	2.00%
	—	14.50%	31.50%	—	—	—
	20.19%	17.00%	2.10%	-11.00%	29.70%	—
	-42.52%	-60.90%	299.00%	33.00%	227.60%	—
	—	-9.61	5.42	—	—	—
	—	-0.42	0.35	—	—	—
	—	0.18	0.07	—	—	—
	—	15.63	-38.76	—	—	—
	—	91.6	64.2	—	—	—
Balance sheet
	—	119.84	102.80	—	—	—
	—	87.23	74.27	—	—	—
	—	0.04	44.20	—	—	—
	—	8.76	7.12	—	—	—
	—	21.84	14.98	—	—	—
	—	0.27	—	—	—	—
	—	25.88	27.06	—	—	—
	—	7.67	8.36	—	—	—
	—	24.20	16.73	—	—	—
	—	15.67	5.44	—	—	—
	—	12.98	4.68	—	—	—
	—	2.69	0.76	—	—	—
	—	89.05	80.97	—	—	—
Cash flow
	—	-3.87	8.26	—	—	—
	—	-2.18	37.25	—	—	—
	—	6.08	-12.18	—	—	—
	—	5.74	2.84	—	—	—

Compounded growth

Sales CAGR 3Y: +2.04%
Sales CAGR 5Y: —
Profit CAGR 3Y: +27.55%
Profit CAGR 5Y: —
Sales YoY (TTM): +20.19%
Profit YoY (TTM): -42.52%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 36.63%

Quarter	September 2026	June 2026
Promoter %	36.63%	34.72%

Holder	Type	Holding	Previous	Change
Anil Kumar Agarwal	Promoter Group	13.48%	11.57%	+1.91%
Arpit Agarwal	Promoter Group	9.53%	9.53%	0.00%
Kumudha Palaniswamy	Public	7.31%	7.37%	-0.06%
Babita Agarwal	Promoter Group	6.13%	6.13%	0.00%
Himgiri Castings Private Limited	Promoter	6.13%	6.13%	0.00%
IEPF, MCA	Public	4.91%	—	—
Paravel Shunmugavelu	Public	1.93%	1.93%	0.00%
Chiranjeevi Chowdary Yanamadala	Public	1.61%	1.95%	-0.34%
Krishnaveni Thangavel A	Public	1.53%	1.53%	0.00%
P J Batavia	Public	1.38%	1.38%	0.00%
Arushi Agarwal	Promoter Group	1.36%	1.36%	0.00%
Vijay Jaiprakash Ambekar	Public	1.32%	—	—
Himkanchan Impex Private Limited	Public	1.27%	1.27%	0.00%
Mahendra Girdharilal	Public	1.25%	1.25%	0.00%
Dushyanth Chowdary Yanamadala	Public	1.12%	1.32%	-0.20%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
National Fittings Limited S	245	269.20	21.30	14.50%	+20.19% TTM	-42.52% TTM	+37.07%

Filings & corporate actions

Recent announcements

We are submitting the un-audited financial results for the quarter ended 30.09.2026 as approved by the Board of Directors at their meeting being held on 30.10.2026 We are also submitting ....30 Oct 2026 · Result / Financial Results
We are submitting the un-audited financial for the quarter ended 30.09.2026 being approved by the Board of Directors at their meeting conducted on 30.10.2026 S Aravinthan Company Secretary30 Oct 2026 · Board Meeting / Outcome of Board Meeting
National Fittings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the un-audited financial ....23 Oct 2026 · Board Meeting / Board Meeting
We are filing disclosure under Regulation 7 (2)(b) under SEBI (PIT) Regulations, 2015 as received from Mr Anil Kumar Agarwal, Director and Promoter Group S Aravinthan Company Secretary21 Oct 2026 · Company Update / General
The company today entered in to sale agreement and bought 4.5 acres of land at Mudhela Village, Savil Taluka, Vadodara - 391770 for a consideration of 4.65 crores Annexure 1 is appended ....21 Oct 2026 · Company Update / General
The company has entered MOU to acquire land parcel measuring approximately 4.5 acres adjacent to our leased premises for construction of new manufacturing facility - R S 314/315, Khakariya ....13 Oct 2026 · Company Update / General
We are submitting the certificate relating to dematerialisation compliances under Reg 74 (5) of SEBI (DP) Regulation, 2018 S Aravinthan Company Secretary8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are submitting the Scrutinizer''s report on the results of the e-voting pursuance to the Annual General Meeting of the shareholders conducted on 16.09.2026 S Aravinthan Company Secretary18 Sep 2026 · AGM/EGM / AGM
We are submitting the summary of proceedings of the 33rd Annual General Meeting of the shareholders held on 16th September, 2026 through Video Conference and Audio Visual Means and deemed ....16 Sep 2026 · AGM/EGM / AGM
With reference to your query dated 01.09.2026 seeking clarification for the significant movement in price we would like to inform you that we are not having any price sensitive information ....2 Sep 2026 · Company Update / General
The Exchange has sought clarification from National Fittings Ltd on September 01, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....1 Sep 2026 · Company Update / Clarification
Sir, We are submitting the Notice and Annual Report of the 33rd Annual General Meeting of the shareholders of the Company being scheduled on 16.09.2026 S Aravinthan Company Secretary20 Aug 2026 · AGM/EGM / AGM
We are submitting the Annual report of the 33rd Annual General Meeting of the shareholders t be held on Wednesday, 16th September, 2026 S Aravinthan Company Secretary18 Aug 2026 · Others / Reg. 34 (1) Annual Report
We are scheduled the 33rd Annual General Meeting of the shareholders on Wednesday, 16th September, 2026 and the Book closure starts from 10.09.2026 to 16.09.2026 with a record date of 09.09.2026 S ....5 Aug 2026 · AGM/EGM / AGM
We are submitting the Limited Review Report dated 05.08.2026 issued by the Statutory auditor on the unaudited financial results on 30.06.20265 Aug 2026 · Result / Financial Results
We are submitting the un-audited financial results for the first quarter ended on 30.06.2026 as approved by the Board of Directors on their meeting being held on 05.08.2026 S Aravinthan Company ....5 Aug 2026 · Result / Financial Results
National Fittings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2026 ,inter alia, to consider and approve The unaudited financial results ....29 Jul 2026 · Board Meeting / Board Meeting
We are submitting the certificate under Reg 74 (5) of SEBI (DP) Regulations 2018 S Aravinthan Company Secretary4 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are submitting the disclosure received from Mr Anil Kumar Agarwal, who belonging to Promoter Group in Form - C S Aravinthan Company Secretary4 Jun 2026 · Company Update / General
We are submitting the Secretarial Audit Report for the year ended 31.03.2026 issued by the Secretarial Auditor M R L Narashimha S Aravinthan Company Secretary28 May 2026 · Company Update / General
The Board of Directors at their meeting on 22.05.2026 decided to keep the Books of Accounts at 112, Madhapur Road, Kaniyur Village, Karumathampatti (via), Coimbatore - 641659 S Aravinthan Company ....28 May 2026 · Company Update / General
We are submitting the Annual Secretarial Compliance Audit Report for the period ended 31.03.2026 S Aravinthan Company Secretary23 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
The Board of Directors approved the Scheme of arrangement of merger of Avisa Private Limited and Banil Castings Private Limited with National Fittings Limited. The Compony will issue ....22 May 2026 · Company Update / Scheme of Arrangement
We are submitting the Independent Auditor''s Report on the financial results of the Company for the year ended 31.03.2026 S Aravinthan Company Secretary22 May 2026 · Board Meeting / Outcome of Board Meeting
The Board of Directors at their meeting on 22.05.2026 approved the Scheme of arrangement for the merger of Avisa Private Limited and Banil Castings Private Limited with National Fittings ....22 May 2026 · Company Update / Scheme of Arrangement
The Board of Directors considered and approved the audited financial results of the company for the year ended 31.03.2026 and declared a final dividend of Rs 1/- per equity shares S ....22 May 2026 · Board Meeting / Outcome of Board Meeting
The Board of Directors meeting to be held on 22.05.2026 will also consider the following matter: The merger of Avisa Private Limited and Banil Castings Private Limited with National ....19 May 2026 · Company Update / Scheme of Arrangement
National Fittings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve 1) Audited financial Results ....7 May 2026 · Board Meeting / Board Meeting
The Registrar of Companies, Ahmedabad issued a certificate of registration of change of state from Tamilnadu State to Gujarat State on 30.04.2026. New CIN is L29199GJ1993PLC177328 The ....2 May 2026 · Company Update / Change in Registered Office Address
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....28 Apr 2026 · Others / Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
The Company is not a large corporate as per SEBI circular dated 16.11.2018 regarding fund raising by issuance of debt securities S Aravinthan Company Secretary28 Apr 2026 · Company Update / General
The registered office of the Company being changed to 314/315, Village Mudhela, Taluka Savli, Varadora - 391770, Gujarat, India by filing the notice of change of registered office vide ....18 Apr 2026 · Company Update / Change in Registered Office Address
We are submitting the certificate under 74(5) of SEBI (DP) Regulations, 2018 regarding the Demating of shares S Aravinthan Company Secretary9 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are submitting today the advertisement regarding shifting of Registered office of the Company from the State of Tamilnadu to the State of Gujarat with Hon''ble Reginal Director, Southern ....20 Feb 2026 · Company Update / General
We have filed an application with BSE for reclassification of Mr A V Palaniswamy from Promoter to Public category vide application No: 265282 dated 06.01.2026 As per instruction from ....14 Feb 2026 · Company Update / General
We are submitting the Scrutinizer''s Report on the Postal Ballot 02/25-26 for shifting of the Registered office of the Company from the State of Tamil Nadu to the State of Gujarat S ....14 Feb 2026 · AGM/EGM / Postal Ballot
We are submitting the e-voting results for the Postal Ballot 2/25-26 e-voting results ended 12-04-2026 for shifting of registered office from the State of Tamilnadu to the Stare of Gujarat ....14 Feb 2026 · AGM/EGM / Postal Ballot
We are submitting the un-audited quarterly financial results along with Limited Review Report of the Independent Auditors for the period ended 31.12.2025 as approved by the Board of Directors ....7 Feb 2026 · Result / Financial Results
The Company entered with Supplier''s Agreement with M/s Banil Casting Private Limited for supply of 400 MT of Iron Castings exclusively for National Fittings Limited and providing additional ....4 Feb 2026 · Company Update / Memorandum of Understanding /Agreements
We are submitting the unaudited financial results for the quarter ended 31.12.2025 as approved by the Board of Directors at their meeting on 04.02.2026 We are also submitting the Limited ....4 Feb 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	9 Sep 2026	9 Sep 2026	—
Dividend - Rs. - 1.0000	12 Sep 2025	12 Sep 2025	—
Dividend - Rs. - 1.5000	30 Aug 2024	—	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results