Nitco Profile
Key Indicators
- Authorised Capital ₹ 500.00 Cr
- Paid Up Capital ₹ 221.86 Cr
- Company Age 58 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5,550.75 Cr
- Satisfied Charges ₹ 4,632.08 Cr
- Revenue Growth -29.56%
- Profit Growth -104.48%
- Ebitda 13.11%
- Net Worth -225.24%
- Total Assets -9.33%
About Nitco
Nitco Limited (NL) was founded in India on 25 July 1966 and has a glorious history of 58 years and six months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532722 and on the National Stock Exchange(NSE) under NITCO.
The Corporate was formerly known as Nitco Tiles Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 500.00 Cr and a paid-up capital of Rs 221.86 Cr.
The company currently has active open charges totaling ₹5,550.75 Cr. The company has closed loans amounting to ₹4,632.08 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Nitco Limited India are Geeta Shah as Company Secretary, Sitanshu Satapathy as Cfo, and Geeta Karira as Company Secretary. Santhosh Shet, Harsh Kedia, Priyanka Agarwal, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Nitco Limited offer?
Nitco Limited offers a wide range of products and services, including Stone Tiles & Floorings, Stone Tiles, Granite, Marble, Sandstone & Others, Natural Stone, Imported Marble, Bianco Marfil Marble, Ceramic Tiles, Ceramic Floor Tiles, Vitrified Tiles, Vitrified Floor Tile.
Who are the key members and board of directors at Nitco?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Geeta Shah | Company Secretary | 14-Jul-2022 | Current |
Sitanshu Satapathy  | CFO | 05-Sep-2023 | Current |
| Vivek Prannath | Managing Director | 12-Feb-2014 | Current |
| Geeta Karira | Company Secretary | 14-Jul-2022 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Santhosh Shet | Director | 11-Nov-2022 | Current |
| Harsh Kedia | Director | 11-Nov-2022 | Current |
| Priyanka Agarwal | Director | 11-Nov-2022 | Current |
| Ajaybir Bakshi | Director | 19-Oct-2022 | Current |
| Poonam Talwar | Director | 19-Oct-2022 | Current |
Financial Performance of Nitco.
Nitco Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 29.56% decrease. The company also saw a substantial fall in profitability, with a 104.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 225.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nitco?
In 2021, Nitco had a promoter holding of 53.01% and a public holding of 46.97%. The company had 14 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Haryana Global LimitedPriyanka Agarwal is a mutual person
B L Kashyap And Sons LimitedVivek Prannath is a mutual person
Marvel LimitedPriyanka Agarwal is a mutual person
Nitco Paints Pvt LtdPoonam Talwar is a mutual person
- Nitco Construction Materials Private Limited
Poonam Talwar is a mutual person
- Nitco Terrazzo Tiles Private Limited(Td. From T.N)
Poonam Talwar is a mutual person
Charges (Loans)
₹5,550.75 Cr
₹4,632.08 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 3774.66 Cr
- Others : 1445.34 Cr
- State Bank Of Indore : 75.00 Cr
- Punjab National Bank : 66.80 Cr
- State Bank Of Patiala : 60.00 Cr
- Others : 128.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2024 | Others | ₹50.00 Cr | Open |
| 26 Aug 2024 | Others | ₹25.00 Cr | Open |
| 23 May 2024 | Others | ₹50.00 Cr | Open |
| 24 Apr 2024 | Others | ₹750.00 Cr | Open |
| 22 Jul 2021 | Others | ₹0.10 M | Open |
How Many Employees Work at Nitco?
Nitco has a workforce of 481 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Nitco, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nitco's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
