Nitco Limited (NITCO) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Nitco Limited ₹19.09, price ₹84.18, upside -77.3%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹17.10 – ₹160.95 · fair‑value band ₹13.36 – ₹23.10 · the ₹84.18 price screens above the ₹19.09 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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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.
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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.
Stock analysis
Nitco Limited (NITCO) currently trades at ₹84.18, while our model-based Fair Value estimate is ₹19.09, 77.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹20.43 per share, and 0 of the 10 models we run sit above the ₹84.18 price.
Bear case: the DCF Models group reads lowest at ₹5.24, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹13.36 (bear) to ₹23.10 (bull), the price of ₹84.18 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap ₹28.2B (≈ $292M) · P/E ratio 71.3 · P/S ratio 3.80 · EPS (TTM) ₹1.18 · Net margin 5.3% · Return on equity 9.4% · Return on assets (EBIT) −9.8% · Operating margin −3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −77%, NITCO screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹0.8000 to ₹25.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹13.36Fair Value ₹19.09Bull ₹23.10
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.5981 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+73.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2021 (pandemic). Over 10 years: −3.6% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−23.6% (2021) → 2.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Products & Equipment · 251 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−77.3% · Bottom 25%
Profitability
Return on equity (TTM)9.4% · Above median
Return on assets1.7% · Below median
Net margin (TTM)5.2% · Above median
Operating margin (TTM)−3.1% · Bottom 25%
Growth and dividend
Revenue growth51.1% · Top 25%
Balance sheet
Debt / equity0.71× · Highest 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (TTM)71.3× · Priciest 25%
P/B7.72× · Priciest 25%
P/S (TTM)5.09× · Priciest 25%
EV/EBITDA82.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)100· sector 17
PAST (return on equity)38· sector 23
HEALTH (low debt)64· sector 95
DIVIDEND (yield)0· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nitco Limited Fair Value". https://www.fairvalue-calculator.com/stock/NITCO
Frequently asked questions
Is Nitco Limited (NITCO) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹19.09 versus a price of ₹84.18, about −77% upside (overvalued).
What is the fair value of NITCO?
Our model-based fair value for Nitco Limited is ₹19.09 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹84.18.
What is the quality score of NITCO?
Nitco Limited has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nitco Limited (NITCO)?
Our model-based price target is the fair value of ₹19.09 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario ₹13.36, optimistic scenario ₹23.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Nitco Limited stock forecast for 2026?
Our models put fair value at ₹19.09, about −77% upside versus a price of ₹84.18 (overvalued). Cautious scenario ₹13.36, optimistic scenario ₹23.10. The calculation is refreshed regularly with new filings.
What is the revenue of Nitco Limited (NITCO)?
Nitco Limited reported trailing-twelve-month revenue of about ₹5.5B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Nitco Limited (NITCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nitco Limited it is ₹19.09 per share (as of Sep 27, 2026), against a price of ₹84.18. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Nitco Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NITCO trades above its calculated fair value: price ₹84.18, fair value ₹19.09, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NITCO?
No. The price is what the market pays today (₹84.18); the fair value is what the company's own numbers justify (₹19.09). For Nitco Limited the two are ₹65.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nitco Limited worth?
The market values Nitco Limited at about ₹28.2B (market capitalisation, as of Sep 27, 2026). Per share that is ₹84.18; our models calculate a fair value of ₹19.09 per share.
What do the bullish and bearish scenarios say about NITCO?
Our models span a range for Nitco Limited: cautious scenario ₹13.36, base ₹19.09, optimistic ₹23.10 per share (as of Sep 27, 2026, price ₹84.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NITCO?
Nitco Limited trades at a price-to-earnings ratio of 71.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹19.09 is built from several models across several years. Other multiples: P/B 7.7, P/S 5.1, EV/EBITDA 82.6.
How solid is the balance sheet of Nitco Limited (NITCO)?
Balance-sheet figures for Nitco Limited (as of Sep 27, 2026): return on equity 9.4%, debt of 0.71 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is NITCO from its 52-week high?
Nitco Limited trades at ₹84.18, about 28% below its 52-week high of ₹117.31 and 30% above the low of ₹64.95 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹19.09 is for.
Which stocks are comparable to Nitco Limited?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nitco Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹84.18, calculated fair value ₹19.09 (−77%), Quality Score 33/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NITCO calculated?
We run Nitco Limited through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹19.09, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Nitco Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nitco Limited (NITCO)?
The closing price on Oct 1, 2026 was ₹84.18. Our model-based fair value is ₹19.09, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nitco Limited right now?
The price sits above even our optimistic bull case (₹23.10). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Nitco Limited
How large is the market capitalisation of Nitco Limited (NITCO)?
The market capitalisation of Nitco Limited is ₹28.2B (≈ $292M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nitco Limited (NITCO)?
The price-to-sales ratio of Nitco Limited is 3.80 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nitco Limited (NITCO)?
Earnings per share at Nitco Limited are ₹1.18 (price ÷ EPS = P/E 71.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nitco Limited (NITCO)?
The net margin of Nitco Limited is 5.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nitco Limited (NITCO)?
The return on equity (ROE) of Nitco Limited is 9.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nitco Limited (NITCO)?
On an EBIT basis the return on assets of Nitco Limited is −9.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nitco Limited (NITCO)?
The operating margin of Nitco Limited is −3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nitco Limited (NITCO)?
Revenue at Nitco Limited is growing +51.1% versus a year earlier (3y avg +12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Nitco Limited (NITCO) generate?
The free cash flow of Nitco Limited is −₹1.7B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nitco Limited (NITCO) carry?
The net debt of Nitco Limited is ₹2.8B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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