Added to YB: 2025-09-16
Pitch date: 2025-09-12
NITCO.NS [bullish]
NITCO Limited
-22.52%
current return
Author Info
Zen Nivesh analyses India’s equity markets to help you discover high-conviction, research-backed stock ideas—long before they hit the mainstream. Our edge lies in identifying fundamentally strong, underfollowed companies with serious upside potential. Sign up for the newsletter.
Company Info
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.
Market Cap
INR 26.4B
Pitch Price
INR 117.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
63.60
P/E
-2.47
EV/Sales
6.94
Sector
Building Products
Category
turnaround
NITCO: Etched In Stone Stitched In Time
NITCO.NS: Classic turnaround after debt restructuring cleared ₹2,875cr liabilities w/ 60%+ haircut via Authum partnership. Silvassa marble plant at 20% capacity w/ Breton tech can double output. Land monetization underway: ₹232cr Kanjurmarg sale, ₹100cr+ Thane dev expected. ₹155cr+ orders from Prestige/others signal revival. 330-acre Mumbai land bank provides optionality. Q1 FY26 rev +30% YoY. Risk: ₹170cr DGFT penalty pending.
Read full article (14 min)