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Nitin Castings
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Nitin Alloys Global Ltd (Formerly known Nitin Alloys Global Limited) manufactures and sells Alloys Steel Castings. The company offers centrifugal castings for applications in various industries, such as fertilizers and petrochemicals, industrial furnaces, steel plants, sponge iron plants, and pig iron plants; and high alloy steel castings for heat and corrosion resistant applications. The Company has manufacturing unit at Dadra and Nagar Haveli and is having Machining and Fabrication workshop at Valsad, Gujarat.
Nitin Alloys Global Ltd, a part of the Kedia group was formed on 3rd December, 1982 with the name Aditya Leasing Ltd. The name of the company was changed from Aditya Leasing Ltd to Nitin Alloys Global Ltd with effect from June 6, 2006.
During the year 2007-08, the company completed the expansion process of their increase in production capacity and commenced commercial prodcution. They entered into the field of manufacturing of Centrifugal Castings by increasing their product range. Thus, the production capacity of Alloy Steel Castings (Static & Centrifugal) increased from 1,200 MT to 3,000 MT.
The Company installed a new pilot plant of Investment Castings with the total capacity of 10 M.T. per month, which commenced operations effective on 28th Feb' 15.
During 2015-16, the Company got into a Scheme of Arrangement, approved by Hon'ble High Court of Bombay between Rajshila Construction Private Limited (earlier known as Nitin Castings Private Limited) and their respective Shareholders which envisaged for demerger of Castings Business Undertaking carried out by Rajshila Construction Private Limited (Demerged Company) into the Company on a going concern basis and vesting of same into Rajshila Construction Private Limited (the Resulting Company), which was made effective on 15th December, 2016.
Nitin Castings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Nitin Castings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Nitin Castings is valued compared to its competitors.
Nitin Castings PE ratio helps investors understand what is the market value of each stock compared to Nitin Castings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Nitin Castings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Nitin Castings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Nitin Castings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Nitin Castings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Nitin Castings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Nitin Castings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Nitin Castings helps investors get an insight into when they can enter or exit the stock. Key components of Nitin Castings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Nitin Castings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Nitin Castings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Nitin Castings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Nitin Castings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Nitin Castings .
The balance sheet presents a snapshot of Nitin Castings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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