Nitco Limited

Manufacturer of ceramic products, including tiles, marbles, mosaic, and metal crafts.

1966 | Mumbai, Maharashtra (India) | Active
Last Updated:

Nitco Profile

Key Indicators

  • Authorised Capital ₹ 500.00 Cr
  • Paid Up Capital ₹ 221.86 Cr
  • Company Age 58 Year, 8 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 eight 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

  • CIN/LLPIN

    L26920MH1966PLC016547

  • Company No.

    016547

  • Stock Symbol

    BSE : 532722 NSE : NITCO

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    25 Jul 1966

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

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)

NameDesignationAppointment DateStatus
Geeta Shah Company Secretary14-Jul-2022Current
Sitanshu Satapathy Country flag representing In CFO05-Sep-2023Current
Vivek Prannath Country flag representing In Managing Director12-Feb-2014Current
Geeta Karira Company Secretary14-Jul-2022Current

Board Members (5)

NameDesignationAppointment DateStatus
Santhosh Shet Country flag representing In Director 11-Nov-2022Current
Harsh Kedia Country flag representing In Director 11-Nov-2022Current
Priyanka Agarwal Country flag representing In Director 11-Nov-2022Current
Ajaybir Bakshi Country flag representing In Director 19-Oct-2022Current
Poonam Talwar Country flag representing In Director 19-Oct-2022Current

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%.

Nitco revenue growth over time
Nitco profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-29.56%
Revenue from Operations
-29.08%
Total Assets
-9.33%
Profit or Loss
-104.48%
Net Worth
-225.24%
EBITDA
13.11%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5,550.75 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
06 Sep 2024Others₹50.00 CrOpen
26 Aug 2024Others₹25.00 CrOpen
23 May 2024Others₹50.00 CrOpen
24 Apr 2024Others₹750.00 CrOpen
22 Jul 2021Others₹0.10 MOpen

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.

Employee growth trends for Nitco Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Nitco

Recent activity within the organization

  • Charges

    A charge registered on 18 Sep 2007 via Charge ID 10069102 with Life Insurance Corporation Of India was fully satisfied on 30 Oct 2024.

  • Annual General Meeting

    Nitco Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100994160 was registered on 06 Sep 2024.

  • Charges

    A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100978480 was registered on 26 Aug 2024.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100940328 was registered on 23 May 2024.

  • Charges

    A charge with Others amounted to Rs. 750.00 Cr with Charge ID 100934702 was registered on 24 Apr 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Nitco Limited?

    Nitco Limited was incorporated on 25 Jul 1966.

  • What is authorized share capital and paid-up capital of Nitco Limited?

    The authorized share capital of Nitco Limited is ₹ 500.00 Cr and paid-up capital is ₹ 221.86 Cr.

  • Who are the current board members & directors of Nitco Limited?

    Currently 9 directors are associated with Nitco Limited.

    • Geeta Sameer Shah
    • Sitanshu Satapathy
    • Santhosh Kumar Shet
    • Harsh Kedia
    • Priyanka Agarwal
    • Ajaybir Singh Jasbir Singh Bakshi
    • Poonam Talwar
    • Vivek Talwar Prannath
    • Geeta Gopaldas Karira

  • What is the registered address of Nitco Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nitco Limited is 3/A Recondo Compound Sudam Kalu Ahire Marg, Glaxo India, Mumbai, Maharashtra, 400030.

  • What is the corporate identification number (CIN) and company number of Nitco Limited?

    The corporate identification number (CIN) of Nitco Limited is L26920MH1966PLC016547 and the company number is 016547 as per Ministry of Corporate Affairs (MCA).

  • Is Nitco Limited registered with any stock exchange in India?

    Yes, Nitco Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): NITCO.

  • What is the official website of Nitco Limited?

    The Official website of Nitco Limited is https://www.nitco.in

  • What has been the recent revenue trend for Nitco Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Nitco Limited has fallen by -29.56%.

  • How many employees does Nitco Limited currently have?

    As Per 2021 financial reports, 481 employees are currently employed by Nitco Limited.

  • What change has been observed in the net worth of Nitco Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Nitco Limited has experienced an downturn of -225.24%.

  • What are the total open charges for Nitco Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Nitco Limited amount to ₹ 5,550.75 Cr.

  • When was the last Balance Sheet of Nitco Limited filed with the ROC?

    The most recent Balance Sheet for Nitco Limited was filed with the ROC on 31 Mar 2024.

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