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 NSE: NITINFIRE
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 NSE - BZ
  • Market Cap ₹ 54.1 Cr.
  • Current Price ₹ 1.85
  • High / Low ₹ /
  • Stock P/E 2.70
  • Book Value ₹ 1.39
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Promoters have pledged or encumbered 61.2% of their holding.
  • Earnings include an other income of Rs.23.9 Cr.
  • Company has high debtors of 437 days.
  • Working capital days have increased from -32,825 days to 446 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3.86 2.68 2.87 0.77 1.01 3.43 1.68 0.31 3.23 6.79 -4.03 3.27 5.54
5.41 4.40 24.07 1.91 1.54 5.10 6.21 2.15 5.71 3.65 1.54 4.02 6.89
Operating Profit -1.55 -1.72 -21.20 -1.14 -0.53 -1.67 -4.53 -1.84 -2.48 3.14 -5.57 -0.75 -1.35
OPM % -40.16% -64.18% -738.68% -148.05% -52.48% -48.69% -269.64% -593.55% -76.78% 46.24% -22.94% -24.37%
-0.06 0.10 22.94 0.09 1.76 0.16 0.82 0.52 0.08 3.82 3.93 7.48 8.68
Interest 0.19 0.12 0.12 0.19 0.25 0.30 0.29 0.11 -0.01 0.20 -0.20 0.00 0.00
Depreciation 0.22 0.22 0.22 0.16 0.15 0.09 0.09 0.07 0.08 0.07 0.07 0.10 0.10
Profit before tax -2.02 -1.96 1.40 -1.40 0.83 -1.90 -4.09 -1.50 -2.47 6.69 -1.51 6.63 7.23
Tax % 0.00% 0.00% -0.71% 0.00% 0.00% -0.53% 0.24% 0.00% 0.00% 0.00% -116.56% 0.00% 0.00%
-2.01 -1.95 1.40 -1.40 0.83 -1.89 -3.93 -1.50 -2.46 6.70 -0.53 6.62 7.24
EPS in Rs -0.07 -0.07 0.05 -0.05 0.03 -0.06 -0.13 -0.05 -0.08 0.23 -0.02 0.23 0.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
536 705 1,016 1,147 1,480 1,327 888 18 8 10 7 6 12
469 622 903 1,031 1,316 1,281 952 29 20 36 12 13 16
Operating Profit 67 83 113 116 163 45 -65 -11 -11 -26 -5 -7 -5
OPM % 13% 12% 11% 10% 11% 3% -7% -64% -132% -256% -75% -107% -39%
3 14 -3 11 15 2 6 7 14 23 3 8 24
Interest 17 25 31 41 52 60 73 63 117 1 4 0 0
Depreciation 3 5 9 14 24 25 38 1 1 1 0 0 0
Profit before tax 51 66 70 71 101 -38 -171 -68 -115 -4 -7 1 19
Tax % 7% 7% 4% 5% 2% -1% 0% 2% 0% -0% 0% -147%
44 57 67 67 99 -64 -167 -70 -117 -4 -6 2 20
EPS in Rs 1.50 1.94 2.28 2.30 3.37 -2.18 -5.72 -2.39 -3.99 -0.14 -0.22 0.08 0.69
Dividend Payout % 20% 8% 7% 9% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -41%
5 Years: %
3 Years: -10%
TTM: 34%
Compounded Profit Growth
10 Years: -29%
5 Years: %
3 Years: 26%
TTM: 305%
Stock Price CAGR
10 Years: -27%
5 Years: 23%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 44 44 44 58 58 58 58 58 58 58 58 58
Reserves 222 273 327 379 532 448 286 -1,132 -1,136 -1,143 -32 -18
293 353 392 502 555 451 830 590 603 601 6 0
127 87 115 189 142 348 229 525 516 519 9 17
Total Liabilities 685 758 879 1,128 1,287 1,305 1,403 42 41 36 42 58
126 159 176 192 290 304 310 19 14 10 8 5
CWIP 21 23 23 0 2 2 160 0 0 0 0 0
Investments 48 36 1 38 40 8 12 4 4 4 3 3
491 540 678 899 956 991 921 18 23 22 31 49
Total Assets 685 758 879 1,128 1,287 1,305 1,403 42 41 36 42 58

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-95 40 1 -15 113 244 -159 5 127 -5 -0 -44
-27 -26 -26 -28 -156 -48 -200 1 0 4 -1 43
127 25 2 69 -5 -204 366 -6 -128 5 -2 1
Net Cash Flow 5 40 -23 25 -48 -8 7 -0 -1 4 -3 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 118 136 108 148 121 116 218 107 258 384 437
Inventory Days 185 92 80 96 90 104 155 234 127 90 939
Days Payable 81 43 22 61 36 131 78 3,671 3,498 4,187 133
Cash Conversion Cycle 221 186 166 182 176 89 295 -3,329 -3,113 -3,714 1,242
Working Capital Days 8 12 43 43 45 49 -63 -47,300 -40,329 -58,593 446
ROCE % 14% 16% 15% 13% 15% 2% -9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68% 51.68%
1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
46.80% 46.81% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.79%
No. of Shareholders 40,44140,43240,43240,41940,41640,40440,39240,38540,38040,37540,37040,361

* 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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