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 ₹ 17.3
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Stock is trading at 0.11 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 23.7%
  • Promoters have pledged 53.7% of their holding.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017
347 285 322 400 234 338 446 388 308 350 633 340 3
320 257 304 363 213 300 392 346 270 303 570 294 79
Operating Profit 28 28 18 37 21 38 54 42 38 47 63 47 -75
OPM % 8% 10% 6% 9% 9% 11% 12% 11% 12% 13% 10% 14% -2,238%
-5 2 3 2 3 2 7 4 2 5 2 6 -9
Interest 8 7 10 13 12 10 14 10 17 15 19 13 14
Depreciation 3 3 2 4 5 7 5 7 14 9 9 10 -3
Profit before tax 12 20 8 22 7 22 42 28 9 28 36 30 -94
Tax % 3% 5% 24% 4% 2% 6% 6% 4% -28% -1% 4% -4% -1%
17 19 6 21 7 21 39 27 11 28 35 21 -110
EPS in Rs 0.57 0.64 0.22 0.73 0.23 0.71 1.34 0.93 0.39 0.96 1.20 0.72 -3.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
436.85 536.05 704.71 1,015.93 1,146.56 1,479.70 1,326.77 887.71 17.67 8.49 9.99 6.89
369.53 468.73 622.04 903.35 1,031.04 1,316.21 1,281.37 952.31 28.89 19.71 35.81 14.74
Operating Profit 67.32 67.32 82.67 112.58 115.52 163.49 45.40 -64.60 -11.22 -11.22 -25.82 -7.85
OPM % 15.41% 12.56% 11.73% 11.08% 10.08% 11.05% 3.42% -7.28% -63.50% -132.16% -258.46% -113.93%
14.08 3.00 13.77 -3.09 11.29 14.55 2.01 5.50 7.35 14.43 23.02 2.82
Interest 13.18 16.70 25.44 30.53 41.37 52.50 60.30 73.47 63.35 117.03 0.51 1.03
Depreciation 5.34 2.81 4.73 9.40 14.45 24.47 24.71 38.05 1.02 0.93 0.87 0.49
Profit before tax 62.88 50.81 66.27 69.56 70.99 101.07 -37.60 -170.62 -68.24 -114.75 -4.18 -6.55
Tax % 7.74% 7.42% 7.39% 4.37% 5.47% 2.50% -0.96% 0.30% 2.45% 0.02% -0.24% 0.00%
54.59 44.01 57.01 66.52 67.11 98.53 -63.60 -167.21 -69.91 -116.59 -4.17 -6.39
EPS in Rs 1.81 1.50 1.94 2.28 2.30 3.37 -2.18 -5.72 -2.39 -3.99 -0.14 -0.22
Dividend Payout % 11.81% 20.05% 7.74% 6.59% 8.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -39%
5 Years: %
3 Years: -27%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: -55%
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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12.60 44.11 44.11 43.84 58.45 58.45 58.45 58.45
Reserves 217.56 221.61 273.37 327.27 378.98 531.76 447.52 285.78
145.57 292.76 353.02 392.41 501.98 554.57 450.76 829.84
248.64 126.88 87.39 115.03 189.04 142.34 348.38 228.90
Total Liabilities 624.37 685.36 757.89 878.55 1,128.45 1,287.12 1,305.11 1,402.97
121.65 125.58 159.47 176.25 191.59 289.82 303.94 310.50
CWIP 0.00 21.01 22.75 23.18 0.00 1.62 1.99 159.82
Investments 60.72 47.53 35.98 1.45 38.13 39.66 7.96 11.64
442.00 491.24 539.69 677.67 898.73 956.02 991.22 921.01
Total Assets 624.37 685.36 757.89 878.55 1,128.45 1,287.12 1,305.11 1,402.97

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-13.23 -94.79 40.22 1.04 -15.41 113.13 243.87 -158.98 5.02 126.98 -5.08 -0.30
7.03 -27.07 -25.50 -25.72 -28.37 -155.85 -48.07 -200.22 1.21 0.01 4.18 -0.78
-1.70 126.69 25.05 2.12 68.83 -4.90 -203.72 366.50 -6.47 -127.63 4.51 -2.27
Net Cash Flow -7.90 4.83 39.77 -22.56 25.04 -47.62 -7.92 7.30 -0.24 -0.64 3.60 -3.36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 202.11 117.93 136.46 107.84 147.73 121.05 116.10 218.01
Inventory Days 86.54 184.80 91.92 79.93 95.57 90.42 104.47 154.64
Days Payable 180.12 81.42 42.70 22.05 60.89 35.52 131.13 77.78
Cash Conversion Cycle 108.53 221.31 185.68 165.71 182.41 175.95 89.45 294.87
Working Capital Days 137.35 207.45 194.48 183.65 191.49 163.44 157.41 261.74
ROCE % 22.05% 14.26% 15.65% 14.65% 13.16% 14.63% 2.37% -9.12%

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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