Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · Nitin Castings Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Nitin Castings Limited
BSE: 508875
BSE: 508875
Industrials › Capital Goods › Industrial Products › Castings & Forgings
Nitin Castings Limited
StateQ4 FY26 filed
Last close · 28 Oct 2026₹450.00
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA21.8 · 2.52 · 14.5
Nitin Castings Limited is a Industrial Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 97 | 133 | 149 | 151 | 147 |
| EBITDA (ex other income) | 7 | 10 | 13 | 15 | 13 |
| margin % | 6.8 | 7.2 | 8.7 | 10.2 | 8.7 |
| Owners' profit | 5 | 5 | 12 | 12 | 11 |
| EPS, as reported (₹) | 10.10 | 9.63 | 23.59 | 24.14 | 21.83 |
| ROE % · ROCE % | 9.3 · 12.1 | 8.2 · 14.0 | 16.9 · 20.5 | 15.0 · 19.9 | 11.6 · 14.8 |
| Debt / equity (x) | 0.06 | 0.16 | 0.07 | 0.09 | 0.15 |
| Cash from operations | 2 | 1 | 17 | 18 | 9 |
| Capex | (2) | (0) | (6) | (8) | (11) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Nitin Castings Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40 | 38 | 34 | 39 | 36 | 36 | 40 | 35 |
| Profit before tax | 6 | 5 | 3 | 3 | 7 | 2 | 2 | 3 |
| Net profit | 4 | 4 | 2 | 2 | 6 | 1 | 2 | 2 |
| EPS (₹) | 7.70 | 8.17 | 3.50 | 4.77 | 11.10 | 2.88 | 3.29 | 3.41 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PTC INDUSTRIES LIMITED | 35,906 | 285.9 | 23.82 | 209.7 | 6.7 | 7.5 | 29.8 | 28.3 |
| AIA ENGINEERING LIMITED | 33,643 | 26.6 | 4.19 | 19.4 | 15.8 | 19.3 | 8.9 | 35.8 |
| HAPPY FORGINGS LIMITED | 16,966 | 51.8 | 7.97 | 34.4 | 14.2 | 18.5 | — | 33.8 |
| BALU FORGE INDUSTRIES LTD | 5,387 | 18.2 | 3.38 | 16.3 | 16.2 | 18.8 | — | 29.5 |
| STEELCAST LIMITED | 3,516 | 38.8 | 8.90 | — | 22.0 | 28.5 | — | 28.2 |
| Amic Forging Limited | 2,327 | 27.1 | — | — | — | 18.4 | — | — |
| INVESTMENT & PREC CAST L | 1,290 | 109.7 | 12.57 | 43.0 | 11.5 | 13.0 | 12.5 | 18.6 |
| NELCAST LIMITED | 1,148 | 27.9 | 1.92 | 10.6 | 8.1 | 9.4 | 16.8 | 5.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.8 | 26.7 | 7 of 22 | 71% |
| P/B | 2.5 | 3.6 | 5 of 20 | 79% |
| ROCE | 14.0 | 13.7 | 12 of 24 | 52% |
| ROE | 11.6 | 11.5 | 10 of 20 | 53% |
| Debt / Equity | 0.1 | 0.1 | 10 of 20 | 53% |
| EBITDA margin | 9.8 | 18.5 | 17 of 20 | 16% |
| Revenue growth | (10.2) | 12.2 | 18 of 18 | 0% |
| Profit growth | (28.6) | 19.3 | 15 of 17 | 13% |
| Market cap | 231 | 425 | 14 of 24 | 44% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Nitin Castings Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board meeting set for November 2, 2026 to approve quarterly and half-year results | results | low | — | — |
| 15 Oct 2026 · RTA confirms dematerialisation of securities for Q2 FY26 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closure Ahead of Q2 FY27 Results | compliance | minimal | — | — |
| 21 Sept 2026 · Independent director designation regularized at AGM | management changes | medium | — | — |
| 21 Sept 2026 · All 5 resolutions passed at Nitin Castings 43rd AGM with 99.99 percent approval | compliance | minimal | — | — |
| 21 Sept 2026 · 43rd AGM: 5 resolutions passed including MD reappointment and director regularization | compliance | minimal | — | — |
| 21 Sept 2026 · Nitin Castings 43rd AGM held; five resolutions passed including director regularization | board shareholder meetings | medium | — | — |
| 21 Sept 2026 · 43rd AGM of Nitin Castings held on Sep 21, 2026 - 5 resolutions passed | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Nitin Castings publishes 43rd AGM notice and e-voting details in newspapers | compliance | minimal | — | — |
| 28 Aug 2026 · 43rd Annual Report for FY 2025-26 submitted to BSE | investor communications | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in