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Nitco Limited (NITCO) AI Stock Analysis
Nitco Limited
(NSE:NITCO)
The overall score is 47, reflecting significant risks. The primary concern is the company's poor cash flow generation, which contradicts the reported net income and poses a liquidity risk. This is compounded by bearish technical momentum, with the stock in a clear downtrend across key moving averages and weak oscillators. A negative P/E ratio further highlights the company's unprofitable history. While the income statement and balance sheet show a recent turnaround, the lack of cash conversion and negative market sentiment are the most impactful factors weighing on the score.
Nitco Limited (NITCO) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 17.41B
- Dividend Yield
- ―
- Average Volume (3M)
- 39.38K
- Price to Earnings (P/E)
- -57.9
- Beta (1Y)
- 1.71
- Revenue Growth
- 28.75%
- EPS Growth
- 98.71%
- Country
- India
- Employees
- 518
- Sector
- General
- Sector Strength
- 55
- Industry
- Construction Materials
Nitco Limited Business Overview & Revenue Model
Company Description
Established in 1953 and headquartered in Mumbai, India, NITCO Limited is a prominent provider of floor and wall tiling solutions, operating both within India and internationally. The company's operations are divided into two primary segments: Tiles a...
Nitco Limited Financial Statement Overview
Summary
Financial performance is mixed. The Income Statement (Score: 70) shows a strong revenue recovery and return to profitability, while the Balance Sheet (Score: 65) has improved with positive equity and moderate leverage. However, the Cash Flow Statement (Score: 25) is a major concern, with significant negative operating and free cash flow despite positive net income, indicating poor cash conversion. The overall financial health is weighed down by liquidity risks.
Income Statement
70PositiveBalance Sheet
65PositiveCash Flow
25Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.08B | 5.42B | 3.13B | 3.25B | 3.80B | 4.11B |
| Gross Profit | 702.89M | 1.07B | 733.93M | -266.60M | 671.26M | 827.75M |
| EBITDA | -74.18M | 493.62M | -4.83B | -388.89M | -486.30M | -318.07M |
| Net Income | -288.98M | 289.01M | -7.41B | -1.63B | -1.51B | -1.26B |
Balance Sheet | ||||||
| Total Assets | 0 | 10.90B | 9.21B | 7.30B | 8.18B | 8.71B |
| Cash, Cash Equivalents and Short-Term Investments | 313.66M | 323.82M | 926.44M | 73.05M | 118.36M | 124.40M |
| Total Debt | 0 | 3.14B | 2.91B | 9.87B | 8.95B | 8.23B |
| Total Liabilities | -3.65B | 7.26B | 6.75B | 12.60B | 11.84B | 10.87B |
| Stockholders Equity | 3.65B | 3.65B | 2.47B | -5.12B | -3.49B | -1.98B |
Cash Flow | ||||||
| Free Cash Flow | -650.84M | -1.71B | -1.49B | -92.55M | 22.21M | 47.09M |
| Operating Cash Flow | -618.82M | -1.62B | -1.48B | -87.89M | 25.86M | 47.09M |
| Investing Cash Flow | -26.01M | -95.33M | 40.07M | -4.66M | -3.65M | 37.09M |
| Financing Cash Flow | 325.62M | 1.11B | 2.28B | 53.31M | -34.32M | -86.86M |
Nitco Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NITCO, the sentiment is Negative. The current price of 73.11 is below the 20-day moving average (MA) of 77.13, below the 50-day MA of 85.96, and below the 200-day MA of 90.59, indicating a bearish trend. The MACD of -5.11 indicates Positive momentum. The RSI at 37.09 is Neutral, neither overbought nor oversold. The STOCH value of 18.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NITCO.
Nitco Limited Peers Comparison
Overall Rating
IN:KAJARIACER70Outperform
IN:SOMANYCERA68.4Neutral
IN:ORIENTBELL55Neutral
IN:ASIANTILES54Neutral
IN:POKARNA54Neutral- IN:NITCO47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:KAJARIACER | 70Outperform | INR 174.30B | 29.23 | ― | 1.62% | 14.20% | 66.86% |
| IN:SOMANYCERA | 68Neutral | INR 22.30B | 20.93 | ― | 1.11% | 9.32% | 82.85% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:ORIENTBELL | 55Neutral | INR 5.10B | 24.07 | ― | 0.29% | 13.22% | 387.47% |
| IN:ASIANTILES | 54Neutral | INR 13.59B | 60.37 | ― | ― | 18.50% | -67.27% |
| IN:POKARNA | 54Neutral | INR 19.89B | 20.93 | ― | 0.09% | -35.05% | -48.06% |
| IN:NITCO | 47Neutral | INR 17.32B | -57.89 | ― | ― | 28.75% | 98.71% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:NITCO | Nitco Limited | 71.99 | -28.81 | -28.58% | |
| IN:ASIANTILES | Asian Granito India Limited | 45.85 | -21.31 | -31.73% | |
| IN:KAJARIACER | Kajaria Ceramics Limited | 1109.15 | -39.83 | -3.47% | |
| IN:ORIENTBELL | Orient Bell Limited | 346.05 | 53.78 | 18.40% | |
| IN:POKARNA | Pokarna Limited | 641.40 | -255.09 | -28.45% | |
| IN:SOMANYCERA | Somany Ceramics Limited | 543.65 | 104.11 | 23.69% |
Nitco Limited Corporate Events
Nitco Monetises Kanjurmarg Land with INR 143 Crore Deal and Planned INR 250 Crore Commercial Sale
Nitco Limited has completed registration of the conveyance deed for 75% of its land parcel at Kanjurmarg, Mumbai, in favour of R Siddhatva Developers Private Limited, a step-down subsidiary of Runwal Construction, for which it has already received co...
Nitco Recovers Rs 9.96 Crore Long-Outstanding Capital Advance
Nitco Limited has fully recovered a long-outstanding capital advance that had been extended to Saumya Buildcon Private Limited over a decade ago for a proposed land transaction that ultimately did not materialise. The company announced that SBPL has...
Nitco Signs Rs 1,300–1,500 Crore Alibaug Land Development MOU
Nitco Limited, its wholly owned subsidiary Nitco Realties and promoter Vivek Talwar have signed a memorandum of understanding with HOABL Impactum Land Private Limited for joint development of land parcels in Thal and Lonare villages in Alibaug, Raiga...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 19, 2026