Nitin Fundamentals

Nitin Castings Limited fundamentals help investors to digest information that contributes to Nitin Castings' financial success or failures. It also enables traders to predict the movement of Nitin Stock. This fundamental analysis module provides a way for investors to measures Nitin Castings' intrinsic value by examining all of its available economic and financial indicators and drivers, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nitin Castings stock. Please note, this module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Nitin Fundamentals 

 
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Nitin Current Ratio Analysis

Nitin Castings' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Ratio 
 = 
Current Asset 
Current Liabilities 
More About Current Ratio | All Equity Analysis

Current Nitin Castings Current Ratio

    
  2.49 X  
Most of Nitin Castings' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nitin Castings Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Compare to competition

In accordance with the recently published financial statements, Nitin Castings Limited has a Current Ratio of 2.49 times. This is 20.87% higher than that of the Industrials sector and 13.84% lower than that of the Metal Fabrication industry. The current ratio for all India stocks is 15.28% lower than that of the firm.

Nitin Castings Fundamental Drivers 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 book value per share category among related companies. It is considered to be number one stock in net income category among related companies making up about  58,442  of Net Income per Book Value Per Share.

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Nitin Fundamentals

Nitin Castings Investors Sentiment

The influence of Nitin Castings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nitin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

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Nitin Castings Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Nitin Castings Limited. What is your trading attitude regarding investing in Nitin Castings Limited? Are you bullish or bearish?
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Nitin Castings using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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