Nitin Fire Protection Industries Ltd

Nitin Fire Prot. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitin Fire Protection Industries Ltd

₹ 1.85 -2.63%
10 Feb 2022
nitinfire.com BSE: 532854
About

Co. was Incorporated in 1995, It provides gas and water-based fire protection systems under the brand name ‘NITIE’ to telecommunications, information technology, banking, and manufacturing industries. It also trades in fire detection systems and high-pressure seamless cylinders. Co. is promoted by Mr Nitin Shah & his sons, Mr Rahul & Mr Kunal Shah. [1]

Key Points

Bankruptcy and Credit Loss
In June 2018, NFPIL incurred a net loss of Rs. 48 cr. NFPIL’s current liabilities exceeded its total assets by 188 cr and one of their lenders had filed a petition before NCLT under Insolvency & Bankruptcy Code, 2016. NPFIL had trade receivables of Rs. 290 cr for sales made in earlier years and company had made provision of Rs. 181 crs by way of Expected Credit Loss. [1]

Website BSE
  • Market Cap ₹ 54.1 Cr.
  • Current Price ₹ 1.85
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -37.3
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -28.0% over past five years.
  • Promoter holding is low: 23.7%
  • Promoters have pledged 53.7% of their holding.
  • Company has high debtors of 388 days.
  • Promoter holding has decreased over last 3 years: -35.8%

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
0.94 0.64 2.10 0.72 0.32 1.52 1.66 1.21 0.32 0.63 2.48 0.59 0.17
1.83 1.61 1.69 10.34 1.67 2.78 2.04 22.84 1.19 0.98 4.18 5.63 1.39
Operating Profit -0.89 -0.97 0.41 -9.62 -1.35 -1.26 -0.38 -21.63 -0.87 -0.35 -1.70 -5.04 -1.22
OPM % -94.68% -151.56% 19.52% -1,336.11% -421.88% -82.89% -22.89% -1,787.60% -271.88% -55.56% -68.55% -854.24% -717.65%
0.00 0.00 0.03 8.20 -0.03 3.19 3.07 -0.02 0.08 1.75 0.16 0.82 0.07
Interest 35.48 36.35 36.86 8.34 0.08 0.19 0.12 0.12 0.19 0.25 0.30 0.29 0.11
Depreciation 0.19 0.19 0.19 0.19 0.17 0.17 0.17 0.17 0.10 0.10 0.04 0.03 0.03
Profit before tax -36.56 -37.51 -36.61 -9.95 -1.63 1.57 2.40 -21.94 -1.08 1.05 -1.88 -4.54 -1.29
Tax % 0.05% 0.00% 0.00% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-36.58 -37.50 -36.61 -9.97 -1.62 1.57 2.40 -21.94 -1.08 1.06 -1.88 -4.54 -1.29
EPS in Rs -1.25 -1.28 -1.25 -0.34 -0.06 0.05 0.08 -0.75 -0.04 0.04 -0.06 -0.16 -0.04
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
352.06 455.25 488.97 460.36 268.74 55.19 20.70 24.71 12.67 4.39 4.70 4.02 3.87
317.14 415.96 451.18 422.23 348.29 192.15 477.03 94.88 26.12 15.35 29.11 11.99 12.18
Operating Profit 34.92 39.29 37.79 38.13 -79.55 -136.96 -456.33 -70.17 -13.45 -10.96 -24.41 -7.97 -8.31
OPM % 9.92% 8.63% 7.73% 8.28% -29.60% -248.16% -2,204.49% -283.97% -106.16% -249.66% -519.36% -198.26% -214.73%
7.04 -3.34 13.36 10.94 3.05 11.62 48.95 37.00 6.73 8.21 22.33 2.82 2.80
Interest 18.71 21.00 31.54 34.72 42.67 61.69 96.24 186.11 63.45 117.15 0.73 1.03 0.95
Depreciation 1.05 1.16 2.50 6.56 4.70 4.42 1.58 1.23 0.83 0.74 0.68 0.27 0.20
Profit before tax 22.20 13.79 17.11 7.79 -123.87 -191.45 -505.20 -220.51 -71.00 -120.64 -3.49 -6.45 -6.66
Tax % 20.99% 20.45% 20.63% 30.17% -0.22% 0.27% 0.00% -0.21% 2.30% 0.00% 0.00% 0.00%
17.54 10.98 13.57 5.44 -123.60 -191.97 -505.22 -220.04 -72.63 -120.64 -3.48 -6.44 -6.65
EPS in Rs 0.60 0.38 0.46 0.19 -4.23 -6.57 -17.29 -7.53 -2.49 -4.13 -0.12 -0.22 -0.22
Dividend Payout % 25.15% 39.93% 43.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -38%
5 Years: -28%
3 Years: -32%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 24%
TTM: 65%
Stock Price CAGR
10 Years: -28%
5 Years: 20%
3 Years: 11%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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
Equity Capital 44.11 43.84 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45
Reserves 106.31 104.66 102.82 108.26 -28.48 -220.06 -944.93 -1,017.56 -1,138.20 -1,141.63 -1,148.49
220.77 255.63 295.86 337.60 247.49 555.11 533.11 599.03 599.23 600.14 598.74
44.12 51.90 121.28 76.04 211.84 126.00 383.77 385.97 504.46 508.66 511.54
Total Liabilities 415.31 456.03 578.41 580.35 489.30 519.50 30.40 25.89 23.94 25.62 20.24
12.55 11.72 21.01 37.61 33.02 22.86 17.51 16.68 15.94 11.03 5.46
CWIP 22.75 23.18 0.00 1.62 1.99 0.00 0.00 0.00 0.00 0.00 0.00
Investments 59.19 12.96 57.54 57.54 53.83 53.45 6.04 4.48 4.48 4.48 4.24
320.82 408.17 499.86 483.58 400.46 443.19 6.85 4.73 3.52 10.11 10.54
Total Assets 415.31 456.03 578.41 580.35 489.30 519.50 30.40 25.89 23.94 25.62 20.24

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
33.24 -28.92 22.39 -33.56 123.94 -277.83 206.81 2.03 122.10 -1.27 -6.88
-3.71 1.83 -9.70 -16.09 5.26 10.33 0.38 0.71 0.00 4.29 5.57
11.19 6.83 10.06 2.01 -134.23 267.94 -206.67 -2.84 -122.64 0.41 -2.19
Net Cash Flow 40.72 -20.26 22.76 -47.64 -5.03 0.44 0.52 -0.09 -0.53 3.43 -3.49

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 182.00 127.17 189.38 220.62 343.53 1,220.66 24.96 55.60 151.32 333.94 387.70
Inventory Days 93.01 87.33 101.63 123.30 127.01 399.82 5.99 24.36 33.40 144.04 21.94
Days Payable 41.79 24.65 92.93 61.85 293.26 585.41 935.65 2,082.03 7,005.38 8,729.23 4,908.85
Cash Conversion Cycle 233.22 189.85 198.08 282.07 177.27 1,035.07 -904.70 -2,002.07 -6,820.66 -8,251.26 -4,499.20
Working Capital Days 221.94 252.08 215.39 286.61 191.98 1,966.93 -5,603.81 -11,274.96 -41,614.99 -38,957.93 -45,817.49
ROCE % 12.96% 10.15% 11.23% 8.63% -20.77% -38.67%

Shareholding Pattern

Numbers in percentages

Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.34% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 23.69% 23.69% 23.69% 23.69% 23.69%
2.91% 2.07% 2.07% 2.96% 2.96% 2.96% 2.07% 1.46% 1.46% 1.46% 1.46% 1.46%
4.78% 4.59% 3.40% 2.51% 2.51% 2.51% 3.40% 0.07% 0.07% 0.07% 0.07% 0.07%
31.97% 33.90% 35.10% 35.10% 35.10% 35.10% 35.10% 74.79% 74.78% 74.79% 74.79% 74.79%
No. of Shareholders 37,13638,06537,93837,34337,13236,63036,23140,43340,43340,42040,41740,405

* 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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