Nitta Gelatin India Ltd
Incorporated in 1975, Nitta Gelatin India Ltd manufactures and sells ossein, gelatin, and collagen peptide[1]
- Market Cap ₹ 814 Cr.
- Current Price ₹ 897
- High / Low ₹ 1,005 / 640
- Stock P/E 10.0
- Book Value ₹ 474
- Dividend Yield 0.67 %
- ROCE 25.7 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 56.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 287 | 355 | 357 | 341 | 343 | 261 | 294 | 354 | 429 | 487 | 473 | 527 | 541 | |
| 277 | 329 | 318 | 304 | 316 | 243 | 268 | 314 | 378 | 397 | 363 | 424 | 437 | |
| Operating Profit | 10 | 27 | 39 | 37 | 27 | 18 | 27 | 40 | 51 | 90 | 110 | 104 | 103 | 
| OPM % | 3% | 8% | 11% | 11% | 8% | 7% | 9% | 11% | 12% | 18% | 23% | 20% | 19% | 
| 0 | 2 | 2 | 9 | 5 | 1 | 3 | 5 | 6 | 5 | 17 | 22 | 29 | |
| Interest | 6 | 8 | 6 | 4 | 7 | 8 | 8 | 5 | 5 | 4 | 3 | 3 | 2 | 
| Depreciation | 11 | 10 | 9 | 10 | 14 | 14 | 15 | 15 | 14 | 13 | 14 | 13 | 14 | 
| Profit before tax | -7 | 10 | 26 | 32 | 11 | -4 | 7 | 24 | 38 | 78 | 110 | 110 | 117 | 
| Tax % | -32% | 49% | 37% | 36% | 65% | -28% | -15% | 26% | 29% | 25% | 25% | 25% | |
| -5 | 5 | 17 | 20 | 4 | -3 | 8 | 18 | 27 | 59 | 82 | 82 | 89 | |
| EPS in Rs | -5.46 | 5.62 | 18.38 | 22.57 | 4.16 | -2.91 | 8.70 | 19.72 | 29.30 | 64.72 | 90.86 | 90.55 | 97.98 | 
| Dividend Payout % | -0% | 18% | 14% | 11% | 60% | -52% | 29% | 15% | 14% | 12% | 7% | 9% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% | 
| 5 Years: | 12% | 
| 3 Years: | 7% | 
| TTM: | 9% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% | 
| 5 Years: | 56% | 
| 3 Years: | 40% | 
| TTM: | 13% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% | 
| 5 Years: | 43% | 
| 3 Years: | 18% | 
| 1 Year: | 13% | 
| Return on Equity | |
|---|---|
| 10 Years: | 16% | 
| 5 Years: | 22% | 
| 3 Years: | 25% | 
| Last Year: | 21% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 
| Reserves | 106 | 113 | 125 | 130 | 138 | 133 | 134 | 154 | 176 | 231 | 307 | 383 | 421 | 
| 53 | 53 | 70 | 84 | 104 | 101 | 79 | 75 | 80 | 33 | 27 | 45 | 36 | |
| 42 | 40 | 45 | 48 | 55 | 51 | 53 | 49 | 51 | 53 | 57 | 54 | 62 | |
| Total Liabilities | 210 | 214 | 249 | 271 | 305 | 295 | 276 | 287 | 316 | 326 | 400 | 492 | 528 | 
| 82 | 77 | 80 | 77 | 110 | 126 | 116 | 108 | 102 | 109 | 106 | 111 | 144 | |
| CWIP | 8 | 8 | 7 | 11 | 10 | 3 | 4 | 2 | 7 | 7 | 8 | 19 | 5 | 
| Investments | 32 | 32 | 45 | 27 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 
| 88 | 96 | 117 | 157 | 181 | 161 | 151 | 172 | 202 | 206 | 281 | 357 | 375 | |
| Total Assets | 210 | 214 | 249 | 271 | 305 | 295 | 276 | 287 | 316 | 326 | 400 | 492 | 528 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 17 | 29 | 11 | 26 | 28 | 33 | 15 | 13 | 78 | 79 | 61 | |
| -24 | -8 | -22 | -3 | -7 | -13 | -7 | -3 | -11 | -15 | -44 | 2 | |
| 0 | -8 | 11 | -6 | -20 | -14 | -29 | -12 | -2 | -53 | -15 | 11 | |
| Net Cash Flow | -0 | 1 | 18 | 2 | -0 | 1 | -3 | -0 | -1 | 10 | 20 | 74 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 23 | 21 | 56 | 65 | 74 | 34 | 57 | 65 | 59 | 60 | 66 | 
| Inventory Days | 129 | 99 | 112 | 127 | 151 | 202 | 220 | 161 | 148 | 133 | 164 | 138 | 
| Days Payable | 80 | 50 | 43 | 37 | 56 | 67 | 58 | 46 | 30 | 45 | 53 | 38 | 
| Cash Conversion Cycle | 77 | 72 | 90 | 147 | 160 | 210 | 196 | 172 | 182 | 148 | 171 | 165 | 
| Working Capital Days | 6 | 17 | 18 | 35 | 29 | 18 | 18 | 50 | 52 | 72 | 82 | 75 | 
| ROCE % | -1% | 11% | 17% | 17% | 7% | 2% | 6% | 13% | 17% | 31% | 37% | 26% | 
Documents
Announcements
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          Announcement under Regulation 30 (LODR)-Change in Management
          
            4h - CFO Sahasranaman P re-designated CRO; Uppiliyappan C appointed CFO effective 01 Jan 2026.
- 
        
          Announcement Under Regulation 30 Of The SEBI (LODR) 2015
          
            4h - Board constituted committee on 31 Oct 2025 to evaluate merger feasibility of subsidiary Bamni Proteins Ltd.
- 
        
          Board Meeting Outcome for Un-Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended 30Th September 2025
          
            4h - Unmodified auditor review for Nitta Gelatin Q2 (30 Sep 2025) standalone and consolidated H1 results.
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            9 Oct - Certificate under Reg.74(5) for quarter ended 30 Sep 2025 confirming dematerialisation processing by Registrar Cameo.
- 
        
          Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter And Half Year Ended 30.09.2025
          
            9 Oct - Board meeting on 31 Oct 2025 to approve unaudited Q2 and H1 results for period ended 30 Sep 2025.
Annual reports
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      Financial Year 2025
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      Financial Year 2024
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      Financial Year 2023
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      Financial Year 2022
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      Financial Year 2021
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
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      Financial Year 2013
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1]
NGIL, a joint venture between the Kerala State Industrial Development Corporation (32% shareholding) and Osaka-based NGI (43% stake), manufactures gelatin, ossein, limed ossein, and DCP from processed animal bones. It also produces collagen peptide-based consumer products for the pharmaceutical and healthcare industries.