Share price
₹88.03 latest close · −24.4% over the last 90 sessions
₹88.03 month-end · 0.0% over 12 months
₹88.03 month-end · +205.7% over 3 years
₹88.03 month-end · +149.0% since Jan '19
52-week range ₹64.00 to ₹119.40 · 1-year volatility 52.5%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-75.3% (2019-01 peak to 2020-03 low, recovered 2024-01)
-59.6% (2025-07 peak to 2026-03 low, not yet recovered)
-34.3% (2024-12 peak to 2025-03 low, recovered 2025-06)
Most recent volume spikes
2026-08-25: 36.2x the 50-day median, price -0.5% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Where does it rank among Producer Manufacturing peers?
Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE17th▲ 16 pts vs a year ago
- Op. margin4th▼ 95 pts vs a year ago
- Revenue growth78th▼ 6 pts vs a year ago
- Debt/equity ↓15th▲ 5 pts vs a year ago
- Cash cycle ↓5thflat vs a year ago
- P/E ↓16th
- 12M momentum57th▲ 31 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Producer Manufacturing The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹88.03
- ROCE
- 7.0%
- Market Cap
- ₹2117 cr
- Revenue (TTM)
- ₹508 cr
- P/S
- 4.2x
- P/B
- 5.8x
- ROE
- -8.1%
- Operating Margin
- -7.0%
- Debt / Equity
- 0.9x
- Promoter Holding
- 20.2%
- 12M Momentum
- 0.1%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+43 daysNear threshold
Debtor days are above the median of the previous three fiscal years by 43 days (113 vs 70). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress9% of fixed assetsWithin range
Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-105 days / 2 yrsWithin range
Days payable changed by -105 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters trimmed 30.0 pts; DIIs trimmed 15.3 pts; FIIs added 2.3 pts.
- The number of shareholders rose from 24,438 to 28,351 (+16%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like NITCO LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −30% to +38% vs the market, against −1% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −6.5%, 80% range −18.0% to −1.5%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 38 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SNOWMAN Commercial Services |
Jun 2020 | — | 2% | −13% | −34% | +10% |
| JAICORPLTD Process Industries |
Feb 2020 | — | 4% | −6% | −34% | −21% |
| LEMONTREE Consumer Services |
May 2021 | — | 5% | +132% | −11% | +42% |
| ORIENTHOT Consumer Services |
Jan 2023 | — | 1% | +15% | −22% | +31% |
| HCG Health Services |
May 2020 | — | 3% | −47% | −50% | +5% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| PANACEABIO Health Technology |
Jun 2021 | — | 5% | +147% | −15% | −66% |
| SCHNEIDER Distribution Services |
Nov 2020 | — | 3% | +34% | −19% | −19% |
| DWARKESH Process Industries |
Sep 2021 | — | — | +153% | −13% | +36% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '23
- SepResultsEPS (TTM) turned negative.
- AugPriceVolume reached 36.2x its 50-day median on 2026-08-25; price -0.5% that day.
- JulSharesShare count is up 5.2% over 12 months.
- JunPromoterPromoter holding rose 4.0 pts to 20.2% (largest rise in the history since 2019-01).
- JunDebtDebt / equity fell below 1.0x (0.86x).
- JunPriceVolume reached 36.3x its 50-day median on 2026-06-18; price +11.5% that day.
- MarResultsEPS (TTM) turned positive.
- MarPriceFell 60% from the Jul 2025 peak to the Mar 2026 low.
Show 22 earlier events
- JanPriceVolume reached 43.5x its 50-day median on 2026-01-14; price +6.8% that day.
- DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
- NovPriceVolume reached 24.6x its 50-day median on 2025-11-03; price -7.1% that day.
- SepInstitutionsFII + DII holding fell 3.5 pts over 2 quarters to 4.4%.
- SepPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the bottom quartile).
- JulPriceVolume reached 8.0x its 50-day median on 2025-07-02; price +4.8% that day.
- JunPromoterPromoter holding fell 30.6 pts to 16.2%.
- JunPriceRegained the 2024-12 peak, 3 months after the low.
- JunSharesShare count is up 200.0% over 12 months.
- AprPriceVolume reached 19.5x its 50-day median on 2025-04-22; price +4.9% that day.
- MarPriceFell 34% from the Dec 2024 peak to the Mar 2025 low.
- MarPriceVolume reached 16.0x its 50-day median on 2025-03-28; price +4.2% that day.
- DecInstitutionsFII + DII holding fell 6.1 pts over 2 quarters to 9.2%.
- OctPriceVolume reached 18.4x its 50-day median on 2024-10-18; price +5.0% that day.
- AugPriceVolume reached 9.6x its 50-day median on 2024-08-26; price +2.0% that day.
- JunPromoterPromoter holding fell 2.2 pts to 47.9%.
- JunPriceVolume reached 24.6x its 50-day median on 2024-06-18; price +9.8% that day.
- MarPriceVolume reached 18.8x its 50-day median on 2024-03-04; price +2.0% that day.
- JanPriceRegained the 2019-01 peak, 46 months after the low.
- NovPriceVolume reached 19.1x its 50-day median on 2023-11-07; price +18.2% that day.
- JulPriceVolume reached 40.2x its 50-day median on 2023-07-12; price +19.6% that day.
- JunPriceVolume reached 6.8x its 50-day median on 2023-06-13; price -2.9% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹508 cr | -8.1% | 7.0% | 0.9x |
| 2026-10 | — | ₹508 cr | -7.9% | 7.0% | 0.9x |
| 2026-09 | — | ₹508 cr | -7.9% | 7.0% | 0.9x |
| 2026-08 | 73.4x | ₹542 cr | 7.7% | 7.0% | 0.9x |
| 2026-07 | 84.1x | ₹542 cr | 7.7% | 7.0% | 0.9x |
| 2026-06 | 84.3x | ₹542 cr | 7.7% | 7.0% | 0.9x |
| 2026-05 | 66.5x | ₹484 cr | 13.4% | -44.0% | 1.1x |
| 2026-04 | 59.6x | ₹484 cr | 13.4% | -44.0% | 1.1x |
| 2026-03 | 59.4x | ₹484 cr | 13.4% | -44.0% | 1.1x |
| 2026-02 | — | ₹437 cr | -249.0% | -44.0% | 1.1x |
| 2026-01 | — | ₹437 cr | -249.0% | -44.0% | 1.1x |
| 2025-12 | — | ₹437 cr | -249.0% | -44.0% | 1.1x |
| 2025-11 | — | ₹395 cr | -263.6% | -44.0% | 1.1x |
| 2025-10 | — | ₹395 cr | -263.6% | -44.0% | 1.1x |
| 2025-09 | — | ₹395 cr | -263.6% | -44.0% | 1.1x |
| 2025-08 | — | ₹315 cr | -300.4% | -44.0% | 1.1x |
| 2025-07 | — | ₹315 cr | -300.4% | -44.0% | 1.1x |
| 2025-06 | — | ₹315 cr | -300.4% | -44.0% | 1.1x |
| 2025-05 | — | ₹293 cr | — | -14.0% | — |
| 2025-04 | — | ₹293 cr | — | -14.0% | — |
| 2025-03 | — | ₹293 cr | — | -14.0% | — |
| 2025-02 | — | ₹288 cr | — | -14.0% | — |
| 2025-01 | — | ₹288 cr | — | -14.0% | — |
| 2024-12 | — | ₹288 cr | — | -14.0% | — |
| 2024-11 | — | ₹303 cr | — | -14.0% | — |
| 2024-10 | — | ₹303 cr | — | -14.0% | — |
| 2024-09 | — | ₹303 cr | — | -14.0% | — |
| 2024-08 | — | ₹325 cr | — | -14.0% | — |
| 2024-07 | — | ₹325 cr | — | -14.0% | — |
| 2024-06 | — | ₹325 cr | — | -14.0% | — |
| 2024-05 | — | ₹384 cr | — | -11.0% | — |
| 2024-04 | — | ₹384 cr | — | -11.0% | — |
| 2024-03 | — | ₹384 cr | — | -11.0% | — |
| 2024-02 | — | ₹384 cr | — | -11.0% | — |
| 2024-01 | — | ₹384 cr | — | -11.0% | — |
| 2023-12 | — | ₹384 cr | — | -11.0% | — |
| 2023-11 | — | ₹384 cr | — | -11.0% | — |
| 2023-10 | — | ₹384 cr | — | -11.0% | — |
| 2023-09 | — | ₹384 cr | — | -11.0% | — |
| 2023-08 | — | ₹384 cr | — | -11.0% | — |
| 2023-07 | — | ₹384 cr | — | -11.0% | — |
| 2023-06 | — | ₹384 cr | — | -11.0% | — |
| 2023-05 | — | ₹411 cr | — | -11.0% | — |
| 2023-04 | — | ₹411 cr | — | -11.0% | — |
| 2023-03 | — | ₹411 cr | — | -11.0% | — |
| 2023-02 | — | ₹411 cr | — | -11.0% | — |
| 2023-01 | — | ₹411 cr | — | -11.0% | — |
| 2022-12 | — | ₹411 cr | — | -11.0% | — |
| 2022-11 | — | ₹411 cr | — | -11.0% | — |
| 2022-10 | — | ₹411 cr | — | -11.0% | — |
| 2022-09 | — | ₹411 cr | — | -11.0% | — |
| 2022-08 | — | ₹411 cr | — | -11.0% | — |
| 2022-07 | — | ₹411 cr | — | -11.0% | — |
| 2022-06 | — | ₹411 cr | — | -11.0% | — |
| 2022-05 | — | ₹327 cr | — | -11.0% | — |
| 2022-04 | — | ₹327 cr | — | -11.0% | — |
| 2022-03 | — | ₹327 cr | — | -11.0% | — |
| 2022-02 | — | ₹327 cr | — | -11.0% | — |
| 2022-01 | — | ₹327 cr | — | -11.0% | — |
| 2021-12 | — | ₹327 cr | — | -11.0% | — |
| 2021-11 | — | ₹327 cr | — | -11.0% | — |
| 2021-10 | — | ₹327 cr | — | -11.0% | — |
| 2021-09 | — | ₹327 cr | — | -11.0% | — |
| 2021-08 | — | ₹327 cr | — | -11.0% | — |
| 2021-07 | — | ₹327 cr | — | -11.0% | — |
| 2021-06 | — | ₹327 cr | — | -11.0% | — |
| 2021-05 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2021-04 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2021-03 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2021-02 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2021-01 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-12 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-11 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-10 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-09 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-08 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-07 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-06 | — | ₹460 cr | -112.5% | -8.0% | 11.4x |
| 2020-05 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2020-04 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2020-03 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2020-02 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2020-01 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-12 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-11 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-10 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-09 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-08 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-07 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-06 | — | ₹595 cr | -53.6% | -4.0% | 7.9x |
| 2019-05 | 1.5x | ₹610 cr | 112.1% | -6.0% | 5.3x |
| 2019-04 | 1.3x | ₹610 cr | 112.1% | -6.0% | 5.3x |
| 2019-03 | 1.5x | ₹610 cr | 112.1% | -6.0% | 5.3x |
| 2019-02 | 1.4x | ₹610 cr | 112.1% | -6.0% | 5.3x |
| 2019-01 | 1.3x | ₹610 cr | 112.1% | -6.0% | 5.3x |