National Fittings Ltd

National Fitting Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

National Fittings Ltd

₹ 134 -3.03%
23 Dec - close price
interfitindia.com BSE: 531289
About

Incorporated in 1993, National Fittings Ltd manufactures spheroidal graphite pipe fittings, stainless steel fittings and stainless steel ball valves

Key Points

Business Overview:[1]
Company is an export oriented ISO 9001 certified manufacturer of quality Piping components and Pumps for industrial and non-industrial applications. It operates multiple foundries including an investment casting foundry utilizing lost wax process and an exclusive supply source for its entire casting requirements. Company exports these products mainly to Middle East and also to United States of America, Europe, South America and Australia

Website BSE
  • Market Cap ₹ 122 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 170 / 90.2
  • Stock P/E 28.0
  • Book Value ₹ 72.4
  • Dividend Yield 1.12 %
  • ROCE 12.7 %
  • ROE 10.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 40.7%

Cons

  • The company has delivered a poor sales growth of 5.69% over past five years.
  • Promoter holding is low: 34.0%
  • Company has a low return on equity of 7.05% over last 3 years.
  • Earnings include an other income of Rs.8.82 Cr.

* 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.74 19.44 19.44 17.73 24.52 22.91 20.85 17.42 20.90 16.57 21.64 15.14 18.68
17.55 17.54 17.54 16.28 22.55 19.16 18.44 15.35 17.42 14.09 18.40 14.23 17.29
Operating Profit 1.19 1.90 1.90 1.45 1.97 3.75 2.41 2.07 3.48 2.48 3.24 0.91 1.39
OPM % 6.35% 9.77% 9.77% 8.18% 8.03% 16.37% 11.56% 11.88% 16.65% 14.97% 14.97% 6.01% 7.44%
0.58 0.24 0.24 0.31 0.44 0.27 0.45 0.34 0.35 0.29 0.50 7.44 0.59
Interest 0.25 0.39 0.39 0.21 0.20 0.32 0.33 0.34 0.31 0.31 0.31 0.25 0.21
Depreciation 0.69 0.70 0.70 0.83 0.85 0.86 0.88 0.86 0.88 0.82 0.89 0.81 0.83
Profit before tax 0.83 1.05 1.05 0.72 1.36 2.84 1.65 1.21 2.64 1.64 2.54 7.29 0.94
Tax % 8.43% 18.10% 18.10% 5.56% 6.62% 39.79% 55.15% 31.40% 27.65% 26.83% 24.41% 4.94% 11.70%
0.77 0.86 0.86 0.68 1.26 1.71 0.74 0.83 1.90 1.20 1.92 6.93 0.84
EPS in Rs 0.85 0.95 0.95 0.75 1.39 1.88 0.81 0.91 2.09 1.32 2.11 7.63 0.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
31 37 50 52 67 62 58 57 51 66 86 77 72
27 30 40 41 52 48 51 52 46 62 76 65 64
Operating Profit 4 6 10 11 16 14 7 5 5 4 10 12 8
OPM % 14% 17% 19% 22% 23% 22% 12% 8% 9% 7% 11% 15% 11%
0 1 1 2 2 3 2 1 1 1 1 1 9
Interest 1 1 1 1 1 2 2 2 1 1 1 1 1
Depreciation 1 1 1 1 1 3 3 2 3 3 3 3 3
Profit before tax 3 6 8 11 16 12 4 2 2 2 7 8 12
Tax % 60% 40% 34% 33% 36% 37% 33% 11% 30% 20% 33% 27%
1 3 6 7 10 8 3 1 2 1 4 6 11
EPS in Rs 1.60 4.04 6.61 8.88 12.19 9.31 3.29 1.48 1.81 1.48 4.83 6.43 11.98
Dividend Payout % 0% 25% 15% 34% 33% 0% 46% 0% 55% 68% 31% 23%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 14%
TTM: -12%
Compounded Profit Growth
10 Years: 6%
5 Years: 16%
3 Years: 57%
TTM: -16%
Stock Price CAGR
10 Years: 9%
5 Years: 35%
3 Years: 33%
1 Year: -18%
Return on Equity
10 Years: 12%
5 Years: 5%
3 Years: 7%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 9 9 9 9 9 9 9 9
Reserves 1 3 7 11 19 38 41 41 42 43 46 50 57
8 8 8 6 5 22 26 21 17 18 20 15 9
2 5 4 6 7 11 16 13 13 15 14 14 16
Total Liabilities 19 24 27 32 39 80 91 83 81 85 89 88 91
6 6 5 6 10 41 47 47 46 48 47 45 28
CWIP 0 0 0 0 1 1 1 1 1 1 3 5 1
Investments 0 0 0 0 1 2 2 1 1 2 2 2 3
13 18 22 26 27 37 42 34 33 35 36 36 59
Total Assets 19 24 27 32 39 80 91 83 81 85 89 88 91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 5 4 10 13 9 6 2 9 4 6 10
-0 -0 0 -1 -5 -7 -7 -1 -1 -4 -5 -2
-1 -2 -3 -5 -5 -1 2 -8 -5 -0 -0 -8
Net Cash Flow 2 3 2 3 2 1 1 -8 2 -1 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 18 18 18 14 18 29 22 30 26 24 28
Inventory Days 82 98 65 84 79 263 254 327 242 222 173 214
Days Payable 15 37 17 27 37 112 148 136 129 125 76 70
Cash Conversion Cycle 84 79 65 75 57 168 136 213 142 124 121 172
Working Capital Days 87 74 81 69 48 60 68 90 73 61 61 64
ROCE % 23% 34% 44% 49% 58% 27% 8% 4% 5% 4% 10% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04% 34.04%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
65.95% 65.95% 65.95% 65.95% 65.95% 65.94% 65.96% 65.97% 65.96% 65.95% 65.95% 65.96%
No. of Shareholders 4,7734,2244,1604,1304,1264,0804,4094,6254,7934,8004,9455,185

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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