Nitin Castings Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 2.57 Cr
- Company Age 42 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 29.82 Cr
- Satisfied Charges ₹ 78.34 Cr
- Revenue Growth 36.00%
- Profit Growth -5.20%
- Ebitda 46.44%
- Net Worth 8.50%
- Total Assets 17.95%
About Nitin Castings
Nitin Castings Limited (NCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 December 1982 and has a history of 42 years and two months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 508875.
The Corporate was formerly known as Aditya Leasing Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 2.57 Cr.
The company currently has active open charges totaling ₹29.82 Cr. The company has closed loans amounting to ₹78.34 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Nitin Castings Limited India are Nirmal Kedia as CFO and Ishan Verma as Company Secretary. Nitin Kedia, Nirmal Kedia, Arvind Jalan, 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
L65990MH1982PLC028822
- Company No.
028822
- Stock Symbol
BSE : 508875
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Dec 1982
- Date of AGM
17 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
What products or services does Nitin Castings Limited offer?
Nitin Castings Limited offers a wide range of products and services, including Die Casting & Investment Castings, Metal Castings, Mold Castings, Ball Valves, Structural Fabrication, Stall Fabrication Services, Inspection & Quality Check Services, Quality Inspection Service, Aluminum, Brass, Bronze Pipes, Alloy Pipe.
Who are the key members and board of directors at Nitin Castings?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Kedia  | Managing Director | 10-Nov-2008 | Current |
| Nirmal Kedia | CFO | 13-Feb-2023 | Current |
| Ishan Verma | Company Secretary | 28-Mar-2023 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nirmal Kedia | Director and Cfo | 27-Mar-2007 | Current |
| Arvind Jalan | Director | 28-Sep-2015 | Current |
| Nipun Kedia | Director | 01-Jun-2010 | Current |
| Preethi Anand | Director | 29-Sep-2022 | Current |
| Chintan Rambhia | Director | 11-Sep-2023 | Current |
Financial Performance of Nitin Castings.
Nitin Castings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36% increase. The company also saw a slight decrease in profitability, with a 5.2% decrease in profit. The company's net worth moved up by a moderate rise of 8.5%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Nitin Castings?
In 2023, Nitin Castings had a promoter holding of 71.39% and a public holding of 28.61%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Prescon Realtors And Infrastructures Private LimitedNitin Kedia is a mutual person
- Prescon Builders Private Limited
Nirmal Kedia is a mutual person
- Prescon Homes Private Limited
Nirmal Kedia is a mutual person
Rajshila Realtors LlpNitin Kedia and Nirmal Kedia are mutual person
- Prescon Anjuna Llp
Nitin Kedia and Nirmal Kedia are mutual person
- Rajshila Construction Llp
Nitin Kedia and Nirmal Kedia are mutual person
Charges (Loans)
₹29.82 Cr
₹78.34 Cr
Charges Breakdown by Lending Institutions
- Others : 16.50 Cr
- Axis Bank Limited : 9.00 Cr
- Hdfc Bank Limited : 4.32 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2023 | Hdfc Bank Limited | ₹1.06 Cr | Open |
| 24 Nov 2023 | Hdfc Bank Limited | ₹1.91 Cr | Open |
| 24 Apr 2023 | Hdfc Bank Limited | ₹3.54 M | Open |
| 06 Apr 2023 | Hdfc Bank Limited | ₹3.48 M | Open |
| 27 Mar 2023 | Hdfc Bank Limited | ₹1.32 M | Open |
How Many Employees Work at Nitin Castings?
Nitin Castings has a workforce of 130 employees as of Apr 06, 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 Nitin Castings, 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 Nitin Castings'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.
