Nitin Castings Limited (NITINCAST.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+43.5%

₹645.66

vs ₹450.00 price

Levered DCF

₹781.64

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	27.82×	26.46×	26.64×	26.16×	12.64×	9.68×	27.25×	16.69×
P/B	3.22×	3.98×	4.51×	2.14×	1.18×	0.63×	0.76×	0.85×
P/S	2.01×	2.18×	2.17×	0.96×	0.68×	0.51×	0.56×	0.53×
EV / EBITDA	18.28×	17.42×	18.86×	13.02×	7.63×	4.87×	5.54×	6.88×
Gross margin	19.9%	19.0%	22.9%	15.8%	21.1%	28.0%	32.2%	28.9%
Operating margin	7.5%	8.8%	8.9%	6.0%	5.0%	5.5%	3.1%	16.6%
Net margin	7.2%	8.2%	8.2%	3.7%	5.3%	5.3%	2.0%	3.2%
Current ratio	2.38×	2.27×	2.51×	2.28×	2.37×	2.59×	2.5×	2.21×
Debt / equity	0.15×	0.09×	0.07×	0.16×	0.07×	0.07×	0.16×	0.28×
Interest coverage	13.99×	28.78×	57.9×	43.55×	19.01×	3.37×	1.34×	10.68×
Dividend yield	0.5%	0.5%	0.1%	0.2%	0.4%	0.0%	0.9%	0.8%
Payout ratio	14.5%	12.4%	3.2%	5.3%	5.0%	0.0%	23.7%	12.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.6%	15.0%	16.9%	8.2%	9.3%	6.5%	2.8%	5.1%
Return on invested capital	7.8%	10.7%	13.3%	6.5%	6.4%	5.3%	2.9%	14.7%
Return on assets	7.6%	9.6%	11.1%	5.3%	6.6%	4.9%	1.9%	3.3%
Free cash flow yield	-0.7%	2.7%	3.6%	0.4%	-1.6%	46.3%	25.7%	14.5%
Earnings yield	3.6%	3.8%	3.8%	3.8%	7.9%	10.3%	3.7%	6.0%
Enterprise value	₹3.1B	₹3.4B	₹3.3B	₹1.4B	₹670.1M	₹347.7M	₹416.5M	₹478.3M
Net debt / EBITDA	0.8×	0.37×	0.26×	0.83×	0.2×	0.45×	0.79×	1.26×
Cash conversion cycle (days)	64	58	78	87	83	104	152	125