About Nitco Limited
Data last updated:
Nitco Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 25 July 1966 and has been in existence for over 60 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26920MH1966PLC016547. Its GSTIN is 27AAACN1674N1Z4 (Maharashtra). The company holds 26 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532722 and NSE: NITCO.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹402.58 Cr. It was formerly known as Nitco Tiles Private Limited and Nitco Tiles Limited. It is led by directors including Vivek Prannath Talwar (Managing Director) and Poonam Talwar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹542 Cr, a growth of 72.4% compared to the previous year. For the same year it recorded a net profit of ₹32.88 Cr (net margin 6.1%) and EBITDA of ₹20.57 Cr (EBITDA margin 3.8%). The net worth stands at ₹514.83 Cr (up 29.8% YoY). Total assets are valued at ₹699.69 Cr (up 29.8% YoY).
The company has about 481 employees on its provident fund (EPFO) records. Its group structure includes 14 subsidiaries.
The company is associated with 2 brands: NITCO Tiles and Nitco Tiles. As per MCA filings, the company has open charges of ₹881.51 Cr and satisfied charges of ₹9,262.36 Cr on record. Court records list 446 cases involving the company, including 347 filed by the company and 99 filed against it; 100 cases are pending. The company has 115 deals on record (103 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹511.85 Cr; the latest was in May 2026. The company has 23 MSME Form 1 returns on record between 2018 and 2024, listing 5,361 overdue payments to 120 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nitco.in.
Company details
Name history
Nitco has undergone 2 name changes throughout its history. The company was previously known as Nitco Tiles Private Limited, and Nitco Tiles Limited. The current legal name is Nitco Limited.
| Company Name | Status |
|---|---|
| Nitco Limited | Current |
| Nitco Tiles Private Limited | Previous |
| Nitco Tiles Limited | Previous |
Contact details
Nitco Limited's registered office is in Mumbai, Maharashtra. Its website is nitco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3/A Recondo Compound, Sudam Kalu Ahire Marg Glaxo, Mumbai, Maharashtra, India – 400030
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Nitco Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Nitco operates two associated brands: NITCO Tiles and Nitco Tiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of tiles, mosaic, and marbles | nitco.in | |
| Offers tiles, marble, floor tiles, wall tiles and mosiaco | nitcotiles.com |
Business activity
The main business activities of Nitco are manufacturing, trade and real estate. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, wholesale trading and real estate activities with own or leased property. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Nitco Limited, buy the company report.
Financials of Nitco Limited
FY 2025-26 filings availableNitco Limited reported revenue of ₹542 Cr (up 72.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 542 | 314 | 325 | 384 | 411 | 327 | 460 |
| Revenue growth | +72.4% | -3.3% | -15.2% | -6.6% | +25.6% | -29.0% | - |
| EBITDA | 20.57 | (671) | (42.87) | (53.18) | (39.30) | (54.93) | (96.60) |
| EBITDA margin | +3.8% | -213.3% | -13.2% | -13.9% | -9.6% | -16.8% | -21.0% |
| Profit before tax | 28.67 | (741) | (163) | (151) | (126) | (136) | (70.98) |
| Net profit | 32.88 | (280) | (163) | (135) | (131) | (134) | (91.61) |
| Net profit margin | +6.1% | -89.2% | -50.1% | -35.3% | -31.9% | -40.9% | -19.9% |
| EPS (₹) | 1.20 | (32.40) | (22.68) | (21.05) | (17.55) | (19.47) | (10.05) |
| Balance sheet | |||||||
| Total assets | 700 | 539 | 445 | 517 | 598 | 670 | 784 |
| Net worth | 515 | 397 | (362) | (199) | (48.32) | 77.43 | 214 |
| Total debt | 164 | 124 | 823 | 732 | 662 | 608 | 582 |
| Cash & bank | 31.37 | 91.36 | 7.31 | 11.23 | 12.44 | 12.71 | 10.67 |
| Net working capital | 515 | 341 | 77.76 | 121 | 177 | 220 | 268 |
| Cash flow | |||||||
| Cash from operations | (153) | (148) | (8.79) | 2.59 | 4.71 | 11.86 | 34.61 |
| Cash from investing | (9.53) | 4.01 | (0.47) | (0.37) | 3.71 | (2.17) | (4.01) |
| Cash from financing | 102 | 228 | 5.33 | (3.43) | (8.69) | (7.66) | (35.86) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 152 | 132 | 108 | 150 | 93.54 | 84.63 | 66.01 |
| Revenue growth (YoY) | -22.8% | +62.9% | +55.7% | +63.2% | +113.9% | - | - | - |
| Other income | 2.49 | 2.32 | 2.60 | 3.50 | 3.47 | 10.18 | 0.55 | 12.77 |
| EBITDA | (8.20) | (4.92) | (10.01) | (13.70) | 49.62 | (6.14) | (478) | (12.77) |
| EBITDA margin | -7.1% | -3.3% | -7.7% | -12.8% | +33.2% | -6.6% | -567.6% | -19.4% |
| Depreciation | 2.13 | 2.23 | 2.06 | (13.53) | 3.11 | 3.55 | 170 | 7.22 |
| Interest | 2.49 | 2.92 | 2.48 | 2.38 | 2.53 | 3.38 | 12.67 | 27.39 |
| Profit before tax | (10.33) | (7.75) | (11.95) | 0.95 | 47.45 | (2.89) | (660) | (34.61) |
| Tax | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Net profit | (10.33) | (7.78) | (11.95) | 0.95 | 47.45 | (2.90) | (660) | (34.61) |
| EPS (₹) | (0.43) | (0.34) | (0.52) | 0.04 | 1.87 | (0.16) | (26.03) | (4.82) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 540 | 312 | 323 | 382 | 409 | 325 | 458 |
| Revenue growth | +73.1% | -3.5% | -15.4% | -6.6% | +25.7% | -29.1% | - |
| EBITDA | 21.79 | (658) | (36.73) | (53.14) | (38.99) | (39.60) | (47.14) |
| EBITDA margin | +4.0% | -211.2% | -11.4% | -13.9% | -9.5% | -12.2% | -10.3% |
| Profit before tax | 34.22 | (736) | (156) | (151) | (126) | (121) | (60.37) |
| Net profit | 38.21 | (276) | (157) | (135) | (131) | (125) | (93.32) |
| Net profit margin | +7.1% | -88.4% | -48.5% | -35.5% | -31.9% | -38.6% | -20.4% |
| EPS (₹) | 1.42 | (32.19) | (21.79) | (21.05) | (17.52) | (17.41) | (8.52) |
| Balance sheet | |||||||
| Total assets | 638 | 476 | 464 | 538 | 619 | 690 | 609 |
| Net worth | 535 | 412 | (352) | (196) | (44.75) | 80.73 | 205 |
| Total debt | 99.94 | 62.96 | 815 | 732 | 662 | 608 | 402 |
| Cash & bank | 25.71 | 90.43 | 6.44 | 10.55 | 11.67 | 11.88 | 8.24 |
| Net working capital | 498 | 329 | 95.86 | 141 | 197 | 239 | 128 |
| Cash flow | |||||||
| Cash from operations | (154) | (139) | (0.99) | 2.76 | 4.55 | 11.05 | 22.94 |
| Cash from investing | (14.72) | 3.10 | (0.51) | (0.45) | 3.93 | (1.30) | (3.90) |
| Cash from financing | 104 | 220 | (2.61) | (3.43) | (8.69) | (6.12) | (24.97) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 152 | 131 | 107 | 150 | 92.93 | 84.05 | 65.47 |
| Revenue growth (YoY) | -22.8% | +63.3% | +56.1% | +63.6% | +116.0% | - | - | - |
| Other income | 1.61 | 1.44 | 1.75 | 2.32 | 2.85 | 9.81 | 0.55 | 12.76 |
| Total expenses | 124 | 156 | 141 | 121 | 99.66 | 99.38 | 563 | 76.09 |
| EBITDA | (8.17) | (4.59) | (9.79) | (13.46) | 50.02 | (6.45) | (479) | (10.62) |
| EBITDA margin | -7.2% | -3.0% | -7.5% | -12.7% | +33.5% | -7.0% | -572.3% | -16.3% |
| Depreciation | 1.58 | 1.67 | 1.51 | (14.09) | 2.55 | 2.99 | 170 | 7.22 |
| Interest | 1.12 | 1.54 | 1.06 | 0.96 | 1.12 | 2.31 | 10.56 | 26.95 |
| Profit before tax | (9.26) | (6.36) | (10.61) | 1.99 | 49.20 | (1.94) | (659) | (32.03) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 152 | 132 | 108 | 150 | 93.54 | 84.63 | 66.01 |
| Revenue growth (YoY) | -22.8% | +62.9% | +55.7% | +63.2% | +113.9% | - | - | - |
| Other income | 2.49 | 2.32 | 2.60 | 3.50 | 3.47 | 10.18 | 0.55 | 12.77 |
| EBITDA | (8.20) | (4.92) | (10.01) | (13.70) | 49.62 | (6.14) | (478) | (12.77) |
| EBITDA margin | -7.1% | -3.3% | -7.7% | -12.8% | +33.2% | -6.6% | -567.6% | -19.4% |
| Depreciation | 2.13 | 2.23 | 2.06 | (13.53) | 3.11 | 3.55 | 170 | 7.22 |
| Interest | 2.49 | 2.92 | 2.48 | 2.38 | 2.53 | 3.38 | 12.67 | 27.39 |
| Profit before tax | (10.33) | (7.75) | (11.95) | 0.95 | 47.45 | (2.89) | (660) | (34.61) |
| Tax | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Net profit | (10.33) | (7.78) | (11.95) | 0.95 | 47.45 | (2.90) | (660) | (34.61) |
| EPS (₹) | (0.43) | (0.34) | (0.52) | 0.04 | 1.87 | (0.16) | (26.03) | (4.82) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 542 | 314 | 325 | 384 | 411 | 327 | 460 |
| Revenue growth | +72.4% | -3.3% | -15.2% | -6.6% | +25.6% | -29.0% | - |
| Other income | 28.78 | 24.66 | 4.86 | 4.55 | 7.47 | 3.12 | 79.38 |
| Total expenses | 521 | 985 | 368 | 437 | 450 | 382 | 557 |
| Employee cost | 75.92 | 53.80 | 55.87 | 53.73 | 53.35 | 50.97 | 79.14 |
| EBITDA | 20.57 | (671) | (42.87) | (53.18) | (39.30) | (54.93) | (96.60) |
| EBITDA margin | +3.8% | -213.3% | -13.2% | -13.9% | -9.6% | -16.8% | -21.0% |
| Depreciation | 10.37 | 25.12 | 29.16 | 29.26 | 30.00 | 30.75 | 30.54 |
| Interest | 10.31 | 70.19 | 95.53 | 73.35 | 64.33 | 53.62 | 23.22 |
| Profit before tax | 28.67 | (741) | (163) | (151) | (126) | (136) | (70.98) |
| Tax | 0.03 | 0.01 | 0.27 | 0.01 | 0.00 | 3.77 | 1.23 |
| Net profit | 32.88 | (280) | (163) | (135) | (131) | (134) | (91.61) |
| Net profit margin | +6.1% | -89.2% | -50.1% | -35.3% | -31.9% | -40.9% | -19.9% |
| EPS (₹) | 1.20 | (32.40) | (22.68) | (21.05) | (17.55) | (19.47) | (10.05) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 391 | 379 | 222 | 222 | 222 | 222 | 222 |
| Reserves & surplus | 96.61 | (36.09) | (584) | (421) | (270) | (144) | (8.11) |
| Shareholders' funds (net worth) | 515 | 397 | (362) | (199) | (48.32) | 77.43 | 214 |
| Minority interest | (0.31) | (0.05) | (17.25) | (17.25) | (17.24) | (17.24) | (14.16) |
| Secured loans | 93.41 | 61.54 | 816 | 730 | 661 | 307 | 424 |
| Unsecured loans | 71.07 | 62.62 | 6.88 | 2.09 | 0.88 | 301 | 159 |
| Total debt | 164 | 124 | 823 | 732 | 662 | 608 | 582 |
| Total liabilities | 700 | 539 | 445 | 517 | 598 | 670 | 784 |
| Assets | |||||||
| Gross block | 879 | 903 | 1,053 | 1,053 | 1,051 | 1,052 | 1,048 |
| Net block | 120 | 137 | 314 | 341 | 368 | 396 | 458 |
| Capital work in progress | 11.48 | 4.27 | 4.27 | 4.24 | 4.40 | 4.78 | 5.05 |
| Investments | 0.76 | 0.76 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 429 | 373 | 243 | 255 | 251 | 266 | 281 |
| Sundry debtors | 168 | 64.47 | 37.24 | 73.99 | 96.61 | 99.72 | 145 |
| Cash & bank balances | 31.37 | 91.36 | 7.31 | 11.23 | 12.44 | 12.71 | 10.67 |
| Loans & advances | 277 | 194 | 75.00 | 81.90 | 89.42 | 94.44 | 75.84 |
| Total current assets | 906 | 723 | 363 | 422 | 449 | 473 | 513 |
| Total current liabilities | 391 | 382 | 285 | 301 | 273 | 253 | 245 |
| Net working capital | 515 | 341 | 77.76 | 121 | 177 | 220 | 268 |
| Total assets | 700 | 539 | 445 | 517 | 598 | 670 | 784 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 91.36 | 7.31 | 11.23 | 12.44 | 12.71 | 10.67 | 15.93 |
| Net cash from operating activities | (153) | (148) | (8.79) | 2.59 | 4.71 | 11.86 | 34.61 |
| Net cash from investing activities | (9.53) | 4.01 | (0.47) | (0.37) | 3.71 | (2.17) | (4.01) |
| Net cash from financing activities | 102 | 228 | 5.33 | (3.43) | (8.69) | (7.66) | (35.86) |
| Net change in cash | (60.00) | 84.06 | (3.92) | (1.21) | (0.27) | 2.04 | (5.26) |
| Closing cash | 31.37 | 91.36 | 7.31 | 11.23 | 12.44 | 12.71 | 10.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +72.4% | -3.3% | -15.2% | -6.6% | +25.6% | -29.0% | - |
| EBITDA growth | +103.1% | -1464.2% | +19.4% | -35.3% | +28.5% | +43.1% | - |
| PBT growth | +9998.0% | -355.6% | -7.6% | -19.9% | +7.4% | -91.9% | -15.7% |
| Net income growth | +111.7% | -72.1% | -20.4% | -3.5% | +2.2% | -45.9% | - |
| Revenue CAGR (3Y) | +12.2% | -8.5% | -0.2% | -5.9% | -11.6% | -18.8% | -13.7% |
| EBITDA CAGR (3Y) | - | +157.4% | -7.9% | -18.0% | +183.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.3% | -235.8% | -50.1% | -39.4% | -30.7% | -42.8% | -15.7% |
| Return on capital employed | +2.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +2.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.32 | 27.49 | 0.00 | 0.00 | 43.61 | 4.09 | 2.77 |
| Long-term debt / equity | 0.25 | 4.68 | 0.00 | 0.00 | 12.31 | 2.46 | 2.12 |
| Interest cover | 101.08 | -10.09 | -132.63 | -88.97 | -92.83 | -62.58 | -18.26 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.61 | 0.32 | 0.31 | 0.36 | 0.39 | 0.31 | 0.44 |
| Inventory turnover | 1.35 | 1.02 | 1.31 | 1.52 | 1.59 | 1.20 | 1.47 |
| Debtors turnover | 4.65 | 6.18 | 5.85 | 4.50 | 4.18 | 2.67 | 2.60 |
| EPS (₹) | 1.20 | (32.40) | (22.68) | (21.05) | (17.55) | (19.47) | (10.05) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.02 | 8.42 | (71.27) | (48.60) | (27.60) | (10.10) | 8.87 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 152 | 131 | 107 | 150 | 92.93 | 84.05 | 65.47 |
| Revenue growth (YoY) | -22.8% | +63.3% | +56.1% | +63.6% | +116.0% | - | - | - |
| Other income | 1.61 | 1.44 | 1.75 | 2.32 | 2.85 | 9.81 | 0.55 | 12.76 |
| Total expenses | 124 | 156 | 141 | 121 | 99.66 | 99.38 | 563 | 76.09 |
| EBITDA | (8.17) | (4.59) | (9.79) | (13.46) | 50.02 | (6.45) | (479) | (10.62) |
| EBITDA margin | -7.2% | -3.0% | -7.5% | -12.7% | +33.5% | -7.0% | -572.3% | -16.3% |
| Depreciation | 1.58 | 1.67 | 1.51 | (14.09) | 2.55 | 2.99 | 170 | 7.22 |
| Interest | 1.12 | 1.54 | 1.06 | 0.96 | 1.12 | 2.31 | 10.56 | 26.95 |
| Profit before tax | (9.26) | (6.36) | (10.61) | 1.99 | 49.20 | (1.94) | (659) | (32.03) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 540 | 312 | 323 | 382 | 409 | 325 | 458 |
| Revenue growth | +73.1% | -3.5% | -15.4% | -6.6% | +25.7% | -29.1% | - |
| Other income | 25.26 | 12.98 | 4.82 | 4.50 | 7.45 | 2.60 | 40.52 |
| Total expenses | 518 | 970 | 360 | 435 | 448 | 365 | 506 |
| Employee cost | 75.92 | 53.80 | 55.87 | 53.73 | 53.35 | 50.97 | 79.14 |
| EBITDA | 21.79 | (658) | (36.73) | (53.14) | (38.99) | (39.60) | (47.14) |
| EBITDA margin | +4.0% | -211.2% | -11.4% | -13.9% | -9.5% | -12.2% | -10.3% |
| Depreciation | 8.15 | 24.56 | 29.16 | 29.26 | 30.00 | 30.75 | 30.54 |
| Interest | 4.68 | 66.29 | 95.18 | 73.35 | 64.33 | 53.62 | 23.21 |
| Profit before tax | 34.22 | (736) | (156) | (151) | (126) | (121) | (60.37) |
| Tax | 0.00 | 0.00 | 0.33 | 0.00 | 0.00 | 3.77 | 0.82 |
| Net profit | 38.21 | (276) | (157) | (135) | (131) | (125) | (93.32) |
| Net profit margin | +7.1% | -88.4% | -48.5% | -35.5% | -31.9% | -38.6% | -20.4% |
| EPS (₹) | 1.42 | (32.19) | (21.79) | (21.05) | (17.52) | (17.41) | (8.52) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 391 | 379 | 222 | 222 | 222 | 222 | 222 |
| Reserves & surplus | 117 | (21.20) | (574) | (418) | (267) | (141) | (16.55) |
| Shareholders' funds (net worth) | 535 | 412 | (352) | (196) | (44.75) | 80.73 | 205 |
| Secured loans | 93.41 | 61.54 | 813 | 730 | 661 | 307 | 402 |
| Unsecured loans | 6.53 | 1.42 | 1.87 | 2.09 | 0.88 | 301 | 0.27 |
| Total debt | 99.94 | 62.96 | 815 | 732 | 662 | 608 | 402 |
| Total liabilities | 638 | 476 | 464 | 538 | 619 | 690 | 609 |
| Assets | |||||||
| Gross block | 825 | 848 | 923 | 923 | 921 | 917 | 917 |
| Net block | 69.50 | 83.58 | 309 | 337 | 363 | 392 | 417 |
| Capital work in progress | 9.65 | 2.45 | 2.45 | 2.45 | 2.61 | 3.11 | 4.03 |
| Investments | 9.46 | 9.46 | 6.95 | 6.95 | 6.95 | 6.95 | 6.95 |
| Inventories | 379 | 327 | 206 | 218 | 214 | 228 | 243 |
| Sundry debtors | 168 | 64.44 | 37.18 | 73.92 | 96.55 | 99.15 | 145 |
| Cash & bank balances | 25.71 | 90.43 | 6.44 | 10.55 | 11.67 | 11.88 | 8.24 |
| Loans & advances | 234 | 154 | 80.68 | 89.24 | 97.07 | 102 | 108 |
| Total current assets | 807 | 636 | 330 | 391 | 419 | 442 | 504 |
| Total current liabilities | 310 | 307 | 234 | 250 | 222 | 203 | 376 |
| Net working capital | 498 | 329 | 95.86 | 141 | 197 | 239 | 128 |
| Total assets | 638 | 476 | 464 | 538 | 619 | 690 | 609 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 90.43 | 6.44 | 10.55 | 11.67 | 11.88 | 8.24 | 14.17 |
| Net cash from operating activities | (154) | (139) | (0.99) | 2.76 | 4.55 | 11.05 | 22.94 |
| Net cash from investing activities | (14.72) | 3.10 | (0.51) | (0.45) | 3.93 | (1.30) | (3.90) |
| Net cash from financing activities | 104 | 220 | (2.61) | (3.43) | (8.69) | (6.12) | (24.97) |
| Net change in cash | (64.73) | 83.99 | (4.11) | (1.12) | (0.21) | 3.64 | (5.93) |
| Closing cash | 25.71 | 90.43 | 6.44 | 10.55 | 11.67 | 11.88 | 8.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +73.1% | -3.5% | -15.4% | -6.6% | +25.7% | -29.1% | - |
| EBITDA growth | +103.3% | -1692.4% | +30.9% | -36.3% | +1.5% | +16.0% | - |
| PBT growth | +9998.0% | -371.2% | -3.3% | -20.2% | -3.7% | -101.0% | -28.7% |
| Net income growth | +113.9% | -76.0% | -15.6% | -3.8% | -4.1% | -34.3% | - |
| Revenue CAGR (3Y) | +12.2% | -8.6% | -0.2% | -5.9% | -11.4% | -18.4% | -13.0% |
| EBITDA CAGR (3Y) | - | +156.6% | -2.5% | +4.1% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +6.3% | -236.1% | -48.5% | -39.6% | -30.8% | -38.5% | -13.4% |
| Return on capital employed | +3.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +3.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.17 | 14.80 | 0.00 | 0.00 | 35.28 | 3.53 | 2.36 |
| Long-term debt / equity | 0.11 | 1.71 | 0.00 | 0.00 | 9.96 | 2.48 | 2.11 |
| Interest cover | 34.31 | -9.71 | -144.45 | -89.02 | -93.25 | -76.22 | -29.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.65 | 0.35 | 0.35 | 0.41 | 0.44 | 0.35 | 0.50 |
| Inventory turnover | 1.53 | 1.17 | 1.53 | 1.77 | 1.85 | 1.38 | 1.69 |
| Debtors turnover | 4.64 | 6.14 | 5.81 | 4.48 | 4.18 | 2.66 | 2.62 |
| EPS (₹) | 1.42 | (32.19) | (21.79) | (21.05) | (17.52) | (17.41) | (8.52) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.86 | 9.07 | (69.89) | (48.11) | (27.10) | (9.64) | 7.70 |
To see the full year-wise statements and ratios of Nitco Limited, buy the company report.
Board of directors of Nitco Limited
Nitco has 6 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Poonam Talwar Also directs: Nitco Paints Pvt Ltd, Nitco Construction Materials Private Limited, Nitco Terrazzo Tiles Private Limited(Td. From T.N) and 3 more | Director | 19 Oct 2022 | 4 Years 0 Months | Current |
| Santhosh Kumar Shet | Director | 11 Nov 2022 | 3 Years 11 Months | Current |
| Harsh Kedia Also directs: Dhansafal Finserve Limited | Director | 11 Nov 2022 | 3 Years 11 Months | Current |
| Priyanka Agarwal Also directs: Marvel Limited, Divyadhan Recycling Industries Limited | Director | 11 Nov 2022 | 3 Years 11 Months | Current |
| Vivek Prannath Talwar Also directs: Reliant Properties and Realty LLP, Greenarth Properties and Realty LLP, Strongbase Properties LLP and 5 more | Managing Director | 12 Feb 2014 | 12 Years 8 Months | Current |
| Ajaybir Singh Jasbir Singh Bakshi | Director | 19 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Nitco Limited is audited by M M Nissim & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M Nissim & Co LLP | FY 2023 | 107122W/W100672 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 20.20%, foreign institutional investors hold 2.30%, domestic institutional investors hold 0.60% and retail and other public shareholders hold 76.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 20.20% | 20.20% | 16.20% | 16.20% |
| Public | 79.80% | 79.80% | 83.80% | 83.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2024 | 100994160 | Others | ₹50 Cr | Open | |
| 26 Aug 2024 | 100978480 | Others | ₹25 Cr | Open | |
| 23 May 2024 | 100940328 | Others | ₹50 Cr | Open | |
| 24 Apr 2024 | 100934702 | Others | ₹750 Cr | Open | |
| 22 Jul 2021 | 100463424 | Others | ₹1 Lakh | Open |
To see the full charge records of Nitco Limited, buy the company report.
Total charge records: 94 View all charges
Deals & funding
Nitco Limited has 115 deals on record (103 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹511.85 Cr; the latest was in May 2026.
Deals on record (5 of 115)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹21.87 Cr | Buyer: an individual Seller: Rashi Fincorp Limited |
| Apr 2025 | Market trade | ₹16.8 Cr | Buyer: an individual Seller: Setu Securities Private Limited |
| Mar 2025 | Market trade | ₹17.61 Cr | Buyer: Setu Securities Private Limited , Mansi Share And Stock Advisors Pvt Ltd Seller: Mansi Share And Stock Advisors Pvt Ltd |
| Mar 2025 | Market trade | ₹6.98 Cr | Buyer: Saravana Securities D.Sathyamoorthi Seller: SSPL Securities Private Limited |
| Oct 2024 | Market trade | ₹7.85 Cr | Buyer: Setu Securities Private Limited Seller: Setu Securities Private Limited |
To see the full deal history of Nitco Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nitco Limited has 446 court cases on record: 347 filed by Nitco, 99 filed against it. 100 cases are pending and 346 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 349 | 50 | 91 |
| High courts | 88 | 43 | 8 |
| Supreme Court | 5 | 4 | 0 |
| NCLT | 4 | 2 | 1 |
Cases on record (5 of 446)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Mumbai | Insolvency matter | Filed by the company against Sonu Cargo Movers India Private Limited | Pending |
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed against the company by M/S Sonu Cargo Movers Pvt Ltd Through Director Mr Ashok Omprakash Chaudhari | Pending |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against Naturock Stonex Private Limited and 02 Oth. and 2 others | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by New Vardhman Vitrified Pvt. Ltd. S Director Rajeshbhai Jivrajbhai | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revision Application ULP) | Filed against the company by M/S. Calibehr Human Capital Services Private Limited | Disposed |
To see the full case history of Nitco Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Nitco Limited has 23 MSME Form 1 returns on record between 2018 and 2024, listing 5,361 overdue payments to 120 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 120)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Abode Granito LLP | |||
| Silventa Ceramic Tiles Private Limited | |||
| Mitco Ceramics | |||
| Angel Ceramics Private Limited | |||
| Sonata Ceramic |
To see the full MSME payment records of Nitco Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nitco has 14 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nitco Realties Private Limited | U45201MH2006PTC165337 | |
| Meghdoot Properties Private Limited | U45201MH2006PTC166528 | |
| Maxwealth Properties Private Limited | U45201MH2007PTC174231 | |
| Aileen Properties Private Limited | U45201MH2011PTC213316 | |
| Feel Better Housing Private Limited | U45400MH2007PTC169306 | |
| Opera Properties Private Limited | U70100MH1996PTC100383 |
To see the full group structure of Nitco Limited, buy the company report.
Employees & EPFO
Nitco Limited has a workforce of 481 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Nitco has 26 GST registrations: 20 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1674N1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN1674N2Z3 | Maharashtra | Active | 01 Sep 2017 |
| 03AAACN1674N1ZE | Punjab | Active | 01 Jul 2017 |
| 06AAACN1674N2Z7 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nitco Limited, buy the company report.
Recent activity
Nitco Limited has 49 board changes on record since 1966: 28 appointments and 21 cessations. The latest: Sitanshu Satapathy was appointed as CFO on 05 Sep 2023.
272 earlier events are in the company report.
News
Frequently asked questions
Nitco is an active public limited company based in Mumbai, Maharashtra, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 25 July 1966 (60+ years old) and is registered under CIN L26920MH1966PLC016547. Listed on BSE: 532722 and NSE: NITCO.
Nitco reported revenue of ₹542 Cr for FY 2025-26 (up 72.4% YoY) based on consolidated financials.
Nitco has 6 current directors:
- Vivek Prannath Talwar - Managing Director
- Poonam Talwar - Director
- Santhosh Kumar Shet - Director
- Harsh Kedia - Director
- Priyanka Agarwal - Director
- Ajaybir Singh Jasbir Singh Bakshi - Director
The latest financial statements of Nitco on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nitco is 27AAACN1674N1Z4, registered in Maharashtra. The company has 26 GST registrations in all, of which 20 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACN1674N2Z3 (Maharashtra), 03AAACN1674N1ZE (Punjab), 06AAACN1674N2Z7 (Haryana).
The CIN (Corporate Identification Number) of Nitco is L26920MH1966PLC016547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nitco is a listed company as per MCA records. Its shares are listed on both BSE (code: 532722) and NSE (symbol: NITCO).
Nitco has 446 court cases on record: 347 filed by the company and 99 filed against it. 100 are pending. Most are in the district courts.
Nitco was incorporated on 25 July 1966, making it 60+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitco has 115 deals on record (103 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹511.85 Cr; the latest was in May 2026.
Sitanshu Satapathy was appointed as CFO on 05 Sep 2023. Harsh Kedia was appointed as Director on 11 Nov 2022. Priyanka Agarwal was appointed as Director on 11 Nov 2022. Nitco has 49 board changes on record in total.