Nitin Castings (India) Financials

NITINCAST -  India Stock  

INR 93.50  0.50  0.53%

Understanding current and past Nitin Castings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nitin Castings' financial statements are interrelated, with each one affecting the others. For example, an increase in Nitin Castings' assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Nitin Castings' financials over time to get the whole picture.
Use fundamental data analysis to check out all available financial ratios of Nitin Castings to find out if markets are presently mispricing the entity. We were able to interpolate twenty-eight available fundamentals for Nitin Castings, which can be compared to its peers in the industry. To make sure the equity is not overpriced, please verify all Nitin Castings Limited financials, including its net income, as well as the relationship between the current ratio and market capitalization . Use Nitin Castings to protect your portfolios against small market fluctuations. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of Nitin Castings to be traded at 91.63 in 90 days.

Nitin Fundamentals 

With this module, you can analyze Nitin financials for your investing period. You should be able to track the changes in Nitin Castings individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  Chance Of Financial Distress
Less than 42
Nitin Castings Limited has less than 42 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Nitin Castings stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Nitin Castings' official financial statements usually reflect Nitin Castings' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Nitin Castings. For example, before you start analyzing numbers published by Nitin accountants, it's critical to develop an understanding of what Nitin Castings' liquidity, profitability, and earnings quality are in the context of the Industrials space in which it operates.
Please note, the presentation of Nitin Castings' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nitin Castings' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Nitin Castings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nitin Castings Limited. Please utilize our Beneish M Score to check the likelihood of Nitin Castings' management to manipulate its earnings.

Nitin Castings Company Summary

Nitin Castings competes with Baroda ELSS. Nitin Castings Limited manufactures and sells alloy steel castings in India and internationally. Nitin Castings Limited was founded in 1964 and is based in Thane, India. Nitin Castings operates under Metal Fabrication classification in India and is traded on Bombay Stock Exchange. It employs 163 people.
InstrumentIndia Stock View All
ExchangeBombay Stock Exchange
Business AddressPrestige Precinct
IndustryMetal Fabrication
Phone91 22 2598 5900

Nitin Castings Key Financial Ratios

Generally speaking, Nitin Castings' financial ratios allow both analysts and investors to convert raw data from Nitin Castings' financial statements into concise, actionable information that can be used to evaluate the performance of Nitin Castings over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nitin Castings reports annually and quarterly.

Nitin Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Nitin Castings's current stock value. Our valuation model uses many indicators to compare Nitin Castings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nitin Castings competition to find correlations between indicators driving Nitin Castings's intrinsic value. More Info.
Nitin Castings Limited is considered to be number one stock in cash per share category among related companies. It is considered to be number one stock in profit margin category among related companies fabricating about  0.07  of Profit Margin per Cash per Share. The ratio of Cash per Share to Profit Margin for Nitin Castings Limited is roughly  15.36 

Nitin Castings Systematic Risk

Nitin Castings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nitin Castings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Nitin Castings correlated with the market. If Beta is less than 0 Nitin Castings generally moves in the opposite direction as compared to the market. If Nitin Castings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nitin Castings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nitin Castings is generally in the same direction as the market. If Beta > 1 Nitin Castings moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About Nitin Castings Financials

What exactly are Nitin Castings Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Nitin Castings' income statement, its balance sheet, and the statement of cash flows. Potential Nitin Castings investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Nitin Castings investors may use each financial statement separately, they are all related. The changes in Nitin Castings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nitin Castings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Nitin Castings October 22, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Nitin Castings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nitin Castings Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nitin Castings Limited based on widely used predictive technical indicators. In general, we focus on analyzing Nitin Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nitin Castings's daily price indicators and compare them against related drivers.
Downside Deviation4.06
Information Ratio0.0266
Maximum Drawdown24.9
Value At Risk(6.61)
Potential Upside8.27
Additionally, see Stocks Correlation. Note that the Nitin Castings information on this page should be used as a complementary analysis to other Nitin Castings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for Nitin Stock

When running Nitin Castings price analysis, check to measure Nitin Castings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nitin Castings is operating at the current time. Most of Nitin Castings' value examination focuses on studying past and present price action to predict the probability of Nitin Castings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nitin Castings' price. Additionally, you may evaluate how the addition of Nitin Castings to your portfolios can decrease your overall portfolio volatility.
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