Nitco Ltd (NITCO)

Nitco Ltd is an Indian-based manufacturing company that produces a wide range of products including ceramic tiles, wall and floor Naturoc gres porcelain tiles, vitrified tiles marble and real estate development. They have an installed capacity of 0.18 million metric tons per annum at their manufacturing unit located in Alibaug, Maharashtra, with a network of over 800 dealers, 18 sales and marketing offices and 23 warehouses. They also have a subsidiary company, Nitco Realties Pvt Ltd, to handle their real estate development. Their product segments consist of Vitrified tiles (sourced from Chinese manufacturers), Ceramic tiles (consisting of diverse product mix including glossy matt wood metal stone leather rustic dirtfree and glazed aqua finishes) and Marble (sourced from Italy and other countries). They incorporated in 1966 with a mosaic tile manufacturing facility in Thane, with an initial capacity of 0.6 mn sq feet per annum. Over the years, they have increased their products in the portfolio and expanded operations with a 7.4 mn sq ft per annum capacity. Additionally, they have installed six windmills of 7.5 MW capacity in Dhule, Maharashtra, and set up a unit in Silvassa for processing and sale of imported marble. As well as launching innovative products, they also have a capacity expansion program and commissioned a 5.5 MW cogeneration captive power plant at their Alibaug facility. Nitco Ltd is a leading company in India offering the highest quality tiles and real estate development.

Share Price: ₹70.72 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹522.56Cr as of today
Revenue: ₹71.48Cr as on March 2024 (Q1 24)
Net Profit: ₹-53.41Cr as on March 2024 (Q1 24)
Listing date: 21 Mar, 2006
Chairperson Name: Vivek Talwar