Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 2 Sep - Infomerics reaffirmed Nitco’s BB+/Stable ratings on NCDs worth Rs50 crore and preference shares worth Rs150 crore.
Source: Bse
Nitco Limited (NITCO)
Small CapIndustrials stocks · Small cap · NSE
Nitco Limited operates in Tiles, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 04:37 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -9.3% / mo · MACD −
Stock trend: 19
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NITCOD candles · FIT view-10.8%Latest close ₹78.41 on 2026-10-19
Bar
-2.8%
RSI
37
MACD hist
-0.08
52W pos
26%
2026-10-19O ₹80.65H ₹81.11L ₹78.20C ₹78.41Vol 1.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NITCONifty India ManufacturingNifty 500
- NITCO
- -27.9%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -22.3 pp
Chart stats
19 Oct 2026- From 52W high
- -34.3%
- 52W range position
- 26%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.28x
- Avg traded value
- ₹5.4 Cr
- 20D price channel
- ₹77 - ₹93.4
₹119.4
₹64 - ₹119.4
₹3.9
Latest completed session
20-session average
49.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -22.7% · PAT -121.3% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -23% YoY · PAT -121% YoY · margin compression
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹116 Cr | -22.7% | -23.7% |
| EBITDA | ₹-8 Cr | -116.0% | -60.0% |
| Operating margin | -7.0% | -4000 bps | -380 bps |
| PAT | ₹-10 Cr | -121.3% | NDF |
| PAT margin | -8.6% | -3995 bps | -336 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 5.44
- EV/EBITDA
- —
- Market Cap
- 1989.00Cr
Profitability
- ROE
- 10.80%
- ROCE
- 7.16%
- ROA
- -2.66%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 18.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 0.86
- Interest Coverage
- -3.30×
- Altman Z
- 2.29
- Book Value
- 15.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 8/5
- OCF
- -153.00 Cr
- EPS TTM
- -1.23
Shareholding
- Promoter Hold
- 23.96%
- Promoter Pledge
- 67.10%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 542+72.6% vs prev
Net Profit
₹ CrLatest: 29.0+103.9% vs prev
Return on Equity
%Latest: 8.0+102.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~10.2% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 34% off 52W high · 23% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
23
RS percentile
Stage 1 Base / Transition
1M return
-9.9%
3M return
-27.9%
6M return
-14.0%
1Y return
-29.3%
RS 1D
+2
RS 20D
-5
Sector rank
#2
Industry rank
#72
Stage evidence
- Price is 17.7% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 72.11-1.26%
RS vs Nifty 50072
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth13/25
Quality1/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
0
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 13/25 to the score.
- Cash flow contributes 3/10 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Promoter pledge is 67.1%.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Quality is weaker at 1/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
—
PB
5.4
EV/EBITDA
—
ROE
10.8%
ROCE
7.2%
FCF Yield
—
Debt/Equity
0.9
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
20
20
20
20
20
20
20
20
20
20
20
20
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
39.3
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
POKARNA
Small
Pokarna Limited
Building Materials
match 59
43
22.8
9.8%
+41%
WATCHLIST
INDIANHUME
Small
Indian Hume Pipe Company Limited
Building Materials
match 59
50
20.2
4.2%
+35%
FAIR VALUE
ASIANTILES
Small
Asian Granito India Limited
Building Materials
match 59
23
106.0
1.3%
-2480%
OVERVALUED
EUROPRATIK
Small
Euro Pratik Sales Limited
Building Materials
match 58
65
21.7
29.3%
+48%
UNDERVALUED
CARYSIL
Small
CARYSIL LIMITED
Building Materials
match 55
51
27.2
17.4%
+32%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Nitco Limited operates in Tiles, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 5th percentile within Industrials. Main check: promoter alignment is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
13 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Industrials: 5th pctile, median 68 · Small: 9th pctile, median 66
Evidence depth
Financial-only
13 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
27
weak · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
56
watch · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter holding increased 7.8%.
- ▸8 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoters have pledged 67.1% of holding.
- ▸Operating cash flow is negative at ₹-153 Cr.
- ▸Promoter holding is only 24%.
- ▸ROCE is low at 7.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Nitco Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Aug - NITCO forms JV with HoABL for ₹4,500 crore Alibaug mixed-use project; NITCO share ₹1,500 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Aug - NITCO enters Alibaug JV with HoABL; potential revenue Rs 1,500 crore over five years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Aug - Newspaper advertisement regarding notice of 60th Annual General Meeting and e-Voting information
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.