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NITCO Limited (NITCO) Fair Value & Analysis

Industrials · IN · Market cap ₹28.2B

NL NITCO Limited NITCO · NSE
Price₹117.31
Fair Value₹19.09
Upside-83.7%
Quality41/100
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Evidence: High Range ₹13.36 – ₹24.82

Fair value as of: Jul 3, 2026

From 15 valuation models · updated today

Share price +21.4% over the past month.

Price vs Fair Value (12 months)

₹154.72 ₹65.46 Fair Value ₹19.09 Jul 2025 Jul 2026

12‑month range ₹65.46 – ₹154.72 · fair‑value band ₹13.36 – ₹24.82 · the ₹117.31 price screens above the ₹19.09 fair value. As of Jul 3, 2026.

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Analysis

NITCO Limited (NITCO) currently trades at ₹117.31, while our model-based Fair Value estimate is ₹19.09 — implying the stock looks roughly 83.7% overvalued today. We read business quality at 41/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, NITCO Limited generated revenue of ₹5.5B at a net margin of 5.2%. Revenue grew 51.1% year over year. It earns a return on equity of 9.4%. Net debt stands at ₹2.8B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.5B
Revenue growth (YoY) +51.1%
Net margin 5.2%
Return on equity 9.4%
Free cash flow −₹1.7B FY2026
P/E ratio 99.2
More key figures
Operating margin -3.1%
EPS (TTM) ₹1.18
Net debt ₹2.8B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

NITCO Limited engages in the tiles and marble business in India and internationally. It operates in two segments, Tiles and Related Products; and Real Estate. The company offers vitrified tiles, such as glazed, DCH, heavy and SST; wooden tiles, including wall, floor, ceramic and vitrified; ceramic wall and floor tiles; and digital, Italian, and porcelain tiles. It also provides anti-bacterial, anti-skid vitrified, anti-skid, as well as stain, scratch, and chemical resistance tiles. In addition, the company offers marble products; and is involved in the development of real estate properties. It sells its products under the Le Studio Express, NITCO Look, and NITCO Galore brands. NITCO Limited was founded in 1953 and is headquartered in Mumbai, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

NITCO Limited reported revenue of ₹5.4B in FY2026 versus ₹4.1B in FY2022, a compound +7.2%/yr. Reported net income was ₹289M in FY2026.

Revenue +7.2%/yr
FY22 ₹4.1B
FY23 ₹3.8B
FY24 ₹3.3B
FY25 ₹3.1B
FY26 ₹5.4B
Net income
FY22 −₹1.3B
FY23 −₹1.5B
FY24 −₹1.6B
FY25 −₹7.4B
FY26 ₹289M

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Frequently asked questions

Is NITCO Limited (NITCO) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹19.09 versus a price of ₹117.31 — about −84% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NITCO?
Our model-based fair value for NITCO Limited is ₹19.09 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹117.31.
What is the quality score of NITCO?
NITCO Limited has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NITCO Limited (NITCO)?
NITCO Limited reported trailing-twelve-month revenue of about ₹5.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of NITCO?
The net profit margin of NITCO Limited is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.