Nitin Castings Limited

BSE: NITINCAST508875ISIN INE861H01020

Industrials
Castings & Forgings

Share price

₹444.80-5.20 (-1.16%)

as of 4 Nov 2026

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

52W high: ₹650.00
52W low: ₹260.00
Off 52W high: -31.57%
1M return: -1.07%
3M return: -13.65%
6M return: -23.32%
1Y return: -11.59%
20D avg volume: 124
50 DMA: ₹422.17
200 DMA: ₹504.82

Key ratios Standalone

Market cap: ₹228.69 Cr
Current price: ₹444.80
52W high / low: ₹650.00 / ₹260.00
Face value: ₹5.00
P/E: 30.09
P/B: 2.92
EPS (TTM): ₹14.78
Book value / share: ₹152.33
ROE: 9.70%
ROCE: 14.80%
Operating margin: 15.52%
Net margin: 9.74%
Debt / equity: 0.15
Net debt: ₹13.79 Cr
Interest cover: 18.48
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 61.4 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
Income statement
	—	27.47	34.63	40.26	36.45	35.75	38.58	33.80	38.32	39.87	—
	—	2.60	-0.37	1.50	0.39	2.63	0.57	0.72	1.89	1.50	—
	—	30.07	34.26	41.76	36.84	38.37	39.15	34.52	40.22	41.37	—
	—	26.65	31.70	39.39	34.81	30.93	35.81	31.90	34.92	35.85	—
	—	15.92	18.48	25.88	27.23	26.48	26.21	27.33	25.46	24.51	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	3.35	3.46	3.35	3.58	3.10	3.08	2.91	3.23	2.60	—
	—	0.23	0.23	0.26	0.15	0.15	0.12	0.13	0.08	0.10	—
	—	0.62	0.60	0.59	0.58	0.55	0.52	0.55	0.52	0.48	—
	—	3.50	4.75	4.42	4.61	4.44	4.51	—	—	—	—
	—	3.41	2.56	2.37	2.04	7.44	3.34	2.62	5.29	5.52	—
	—	0.00	0.00	-0.59	0.00	0.00	0.00	—	—	—	—
	—	3.41	2.56	1.78	2.04	7.44	3.34	2.62	5.29	5.52	—
	—	0.74	0.81	0.09	0.55	1.74	0.88	0.82	1.09	1.56	—
	—	2.68	1.75	1.69	1.48	5.71	2.45	1.80	4.20	3.96	—
	—	5.20	3.41	3.29	2.88	11.10	4.77	3.50	8.17	7.70	—
Key metrics
	—	4.26	3.39	2.63	2.77	8.14	3.98	3.30	5.89	6.10	—
	—	15.50%	9.80%	6.50%	7.60%	22.80%	10.30%	9.80%	15.40%	15.30%	—
	—	9.80%	5.10%	4.20%	4.10%	16.00%	6.40%	5.30%	11.00%	9.90%	—
	—	—	2.80%	—	2.40%	—	4.00%	—	—	—	—
	—	-23.20%	-10.20%	19.10%	-4.90%	-10.30%	—	—	—	—	—
	—	-53.10%	-28.60%	-6.10%	-64.80%	44.20%	—	—	—	—	—

Metric	FY26	FY25	FY24
Income statement
	147.09	150.57	—
	4.15	3.90	—
	151.24	154.48	—
	136.83	137.71	—
	98.07	103.51	—
	0.00	0.00	—
	13.51	11.82	—
	0.79	0.43	—
	2.31	2.07	—
	18.22	15.29	—
	14.41	16.77	—
	-0.59	0.00	—
	13.81	16.77	—
	3.19	4.35	—
	10.63	12.41	—
	21.83	24.14	—
Key metrics
	16.91	19.27	—
	11.50%	12.80%	—
	7.20%	8.20%	—
	14.80%	19.90%	—
	-2.30%	—	—
	-14.30%	—	—
	-1.38	9.43	—
	0.88	1.44	—
	0.15	0.09	—
	13.79	7.41	—
	61.4	53.3	—
Balance sheet
	140.47	129.24	—
	100.14	96.74	—
	0.12	0.09	—
	19.88	14.45	—
	26.56	31.26	—
	3.20	4.63	—
	32.71	30.10	—
	21.67	23.74	—
	42.06	42.65	—
	13.91	7.50	—
	10.00	5.60	—
	3.91	1.90	—
	91.73	82.58	—
Cash flow
	9.35	17.81	—
	-13.40	-18.61	—
	4.08	0.61	—
	10.73	8.38	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

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: 71.36%

Quarter	September 2026	June 2026
Promoter %	71.36%	71.36%

Holder	Type	Holding	Previous	Change
Shalini Nirmal Kedia	Promoter	19.17%	19.17%	0.00%
Suman Nitin Kedia	Promoter	14.37%	14.37%	0.00%
PUNIT GOPIKISHAN MAKHARIA	Public	11.86%	11.86%	0.00%
NITIN SHANTIKUMAR KEDIA	Promoter	10.73%	10.73%	0.00%
Nirmal Bhagirathprasad Kedia	Promoter	9.02%	9.02%	0.00%
TFC ENGINEERING PVT. LTD.	Public	3.67%	3.67%	0.00%
RAJSHILA REALTORS LLP	Promoter Group	2.66%	2.66%	0.00%
Shantikumar Nitin Kumar (HUF)	Promoter	2.57%	2.57%	0.00%
KIRTI INVESTMENTS LIMITED	Promoter Group	2.36%	2.36%	0.00%
Nirmal Kumar Varun Kumar HUF	Promoter	2.33%	2.33%	0.00%
Nitin Kumar Nipun Kumar HUF	Promoter	2.33%	2.33%	0.00%
Bhagirathprasad Purshottamdas HUF	Promoter	1.57%	1.57%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.48%	1.48%	0.00%
Saroj Shanitkumar Kedia	Promoter	1.33%	1.33%	0.00%
Vedanshu Kedia	Promoter	1.20%	1.20%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
PTC Industries Ltd.	38,800	24,483.60	308.93	8.00%	+94.62% TTM	+104.94% TTM	+42.29%
AIA Engineering Ltd.	30,093	3,224.65	24.33	19.80%	+7.05% TTM	+9.74% TTM	-3.16%
Happy Forgings Limited	17,505	1,854.30	53.47	18.90%	+15.53% TTM	+21.60% TTM	+82.83%
BALU FORGE INDUSTRIES LIMITED	6,116	503.80	22.82	19.80%	+19.70% TTM	+18.11% TTM	-20.12%
Steelcast Ltd. S	3,695	365.10	40.75	28.60%	+8.91% TTM	+14.58% TTM	+69.38%
Amic Forging Limited	2,209	2,055.25	—	18.70%	—	—	+28.67%
Nelcast Limited	1,411	162.20	26.87	14.20%	+15.42% TTM	+42.73% TTM	+42.91%
Investment & Precision Castings Ltd	1,394	1,393.50	95.59	17.80%	+16.58% TTM	+143.81% TTM	+171.80%
Synergy Green Industries Limited S	846	544.50	-52.01	10.60%	+14.75% TTM	-204.76% TTM	+1.99%
Neetu Yoshi Limited	773	199.25	—	23.00%	—	—	+66.04%
Magna Electro Castings Ltd. S	530	1,253.30	34.12	16.40%	+8.71% TTM	-32.57% TTM	+20.64%
Kalyani Forge Ltd. S	319	876.45	25.73	15.80%	-2.75% TTM	+32.09% TTM	+27.74%
Nitin Castings Limited S	229	444.80	30.09	14.80%	—	—	-11.59%
KRISHANVEER FORGE LIMITED S	155	141.25	13.47	27.00%	+12.95% TTM	+75.92% TTM	+0.71%
Gujarat Intrux Limited S	144	420.00	14.40	20.80%	+12.41% TTM	+1.52% TTM	-1.35%
Samrat Forgings Limited S	122	245.00	26.75	13.60%	+2.07% TTM	-4.78% TTM	-9.64%
KVS Castings Limited S	122	64.99	17.28	11.70%	—	—	-3.93%
Smiths & Founders (India) Limited S	95	9.31	71.62	8.30%	+4.80% TTM	-0.74% TTM	+79.04%
HILTON METAL FORGING LIMITED S	79	15.29	15.44	6.40%	+76.94% TTM	-11.13% TTM	—
Creative Castings Limited S	77	592.25	14.52	13.30%	+28.06% TTM	+54.97% TTM	-0.11%
SHAYONA ENGINEERING LIMITED S	74	190.20	—	19.20%	—	—	—
Super Iron Foundry Limited	71	30.35	—	12.00%	—	—	-34.02%
Swastika Castal Limited S	67	82.00	18.22	18.90%	—	—	+2.50%
ADVANCE TECHNOFORGE LIMITED	66	72.60	—	—	—	—	—

Filings & corporate actions

Recent announcements

As per attachment.2 Nov 2026 · Result / Financial Results
As per attachment.2 Nov 2026 · Board Meeting / Outcome of Board Meeting
Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve As per attachment.28 Oct 2026 · Board Meeting / Board Meeting
As per attachment.15 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment.26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation under Regulation 30 of SEBI LODR for change in designation of director.21 Sep 2026 · Company Update / Change in Management
As per attachment.21 Sep 2026 · AGM/EGM / AGM
As per attachment.21 Sep 2026 · AGM/EGM / AGM
As per attachment.21 Sep 2026 · AGM/EGM / AGM
As per attachment.21 Sep 2026 · AGM/EGM / AGM
Newspaper Publication.29 Aug 2026 · Company Update / Newspaper Publication
Please find 43rd Annual Report of Company for Financial Year 2025 - 2026.28 Aug 2026 · Others / Reg. 34 (1) Annual Report
As per attachment.28 Aug 2026 · AGM/EGM / AGM
Newspaper Publication - 43rd Annual General Meeting of Nitin Castings Limited.27 Aug 2026 · Company Update / Newspaper Publication
As per attachment.14 Aug 2026 · Company Update / General
As per attachment14 Aug 2026 · Result / Financial Results
As per attachment14 Aug 2026 · Board Meeting / Outcome of Board Meeting
As per attachment.13 Aug 2026 · Company Update / Post Offer Public Announcement
Navigant Corporate Advisors Ltd ("Manager to the Delisting Offer") has submitted to BSE a copy of Post Offer Public Announcement to the Public Shareholders of Nitin Castings Ltd ("Target Company").13 Aug 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Delisting Offer") has informed BSE regarding "Outcome of Reverse Book Building Process under Regulation 17(3) of the SEBI (Delisting of ....11 Aug 2026 · Company Update / Delisting
As per attachment.11 Aug 2026 · Company Update / General
Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve As per attachment.10 Aug 2026 · Board Meeting / Board Meeting
As per attachment.3 Aug 2026 · Company Update / Newspaper Publication
As per attachment.1 Aug 2026 · Company Update / General
As per attachment.28 Jul 2026 · Company Update / General
Navigant Corporate Advisors Ltd ("Manager to the Delisting Offer") has submitted to BSE a copy of Letter of Offer for the attention of Public Shareholders of Nitin Castings Ltd ("Target Company").28 Jul 2026 · Company Update / General
As per attachment.27 Jul 2026 · Others / Outcome without intimation
Nitin Castings Limited is submitting to BSE a Copy of Detailed Public Announcement for attention of Public Shareholders of Nitin Castings Limited.27 Jul 2026 · Company Update / Public Announcement-Delisting
Navigant Corporate Advisors Ltd ("Manager to the Delisting Offer") has submitted to BSE a copy of Detailed Public Announcement for the attention of Public Shareholders of Nitin Castings ....27 Jul 2026 · Company Update / Delisting
As per attachment.25 Jul 2026 · Others / Outcome without intimation
As per attachment.15 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment.27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report for the Financial Year 31st March, 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audited Financial Results as on 31st March, 202627 May 2026 · Result / Financial Results
Outcome of Board Meeting dated 27th May, 202627 May 2026 · Board Meeting / Outcome of Board Meeting
Nitin Castings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Notice is hereby given pursuant ....22 May 2026 · Board Meeting / Board Meeting
Certificate pursuant to regulation 74 (5) of the SEBI (Depositories and participants) Regulations, 201817 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window31 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizers Report- Passing of Resolution though Postal Ballot by Remote E-voting30 Mar 2026 · AGM/EGM / Postal Ballot
Newspaper advertisement of the Notice of the Postal Ballot through electronic mode.2 Mar 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 3.0000	25 Aug 2025	25 Aug 2025	—
Final Dividend - Rs. - 3.0000	20 Sep 2024	21 Sep 2024	—

Board meetings

2 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results