Nitin Fire Protection Industries Ltd

Key Stats

₹1.85
Day's Price Range
₹1.85
₹1.05
52-Week Price Range
₹2.9
1 Year Return12.12 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 234
-2.07
EPS
Rank 213
₹-0.89
BVPS
Rank 226
₹11.78
Dividend Yield
Rank 133
ROE
Rank 326
Price To Book Ratio
0.15
Debt To Asset
Rank 82
0.75

Company Information

Nitin Fire Protection Industries Limited was incorporated on September 4 1995 in the state of Maharashtra as a Public Limited Company and received the certificate of commencement of business on November 3 1995. Later on in the year 1997 the company took over the erstwhile business of his proprietary concern Nitin Industries as a going concern. Nitin Industries was established in 1980 by Mr. Nitin M. Shah alias Sanghavi and was engaged in the business of manufacturing fire extinguishers.The company has two Manufacturing cum warehousing units situated at T.T.C. Industrial Area Vashi and MIDC Taloja Near Mumbai. The company manufacture the complete range of portable fire fighting equipment at the factory situated at Vashi Maharashtra. The products are approved by BIS approval and bear ISI mark. The company also have a system design service center in Mumbai.Apart from portable fire fighting equipment the company undertakes turnkey projects for design manufacture install commission and supply of complete Fire detection and suppression systems using the latest techniques.The company has tieups with leading international players in fire alarm and security systems such as AirSense Technology Limited U.K. for smoke detection equipments Kerr Fire Fighting Chemicals U.K. for fire fighting foams and dry powder Ceodeux Extinguisher Valves Technology S.A. and Newtex Industries Inc. for their ZetexPlus safety clothing to name few.The company has inhouse capabilities for designing the complete systems and have own team of Marketing Engineers and commissioning Engineers. These operations are carried out from the Systems Design and Service Center situated at Ghatkopar West Mumbai. In year 2004 the company ventured into the business of high pressure seamless cylinders. The company entered into a tieup with BTIC for getting High Pressure Seamless Cylinders contract manufactured to our specification at China for sale in India. In the same fiscal the company also started the business of design manufacture and supply of CNG cascades compressors and Dispensers. These operations are carried out at the factory situated at A18 MIDC Taloja Taloja Audhyogic Vasahat Raigad Maharashtra. In April 2005 the company acquired entire paidupcapital of Alert Fire Protection Systems Private Limited a Company engaged in the business of Fire detection and Alarm system promoted by Mr. Nitin M. Shah alias Sanghavi and Mrs. Saroj N. Shah alias Sanghavi and Eurotech Cylinders Private Limited a Company engaged in the business of supplying in high pressure seamless cylinders promoted by Mr. Kunal N. Shah alias Sanghavi and Mrs. Dhruti R. Shah alias Sanghavi. In January 2006 the company acquired Logicon Building Systems Private Limited a Company engaged in the business of security solution business and promoted Mr. Dharmendra Bavisi and Zimith Properties Private Limited thus making them our wholly owned subsidiaries. In October 2006 the company has taken a 95 share in partnership concern Eurotech Corporation where Mr. Kunal N. Shah alias Sanghavi is holding 5 share. Eurotech Corporation is in the business of manufacturing of fire extinguishers having a plant in Parwanoo Himachal Pradesh.The company also incorporated a wholly owned subsidiary Nitin Cylinders Limited on September 27 2006 in which the company now intend to manufacture High Pressure Cylinders and Fuel Dispensers at proposed plant at VSEZ. In March 2007 under NELP VI of Government of India The Company along with Gujarat State Petroleum Corporation Corporation Limited GSPC Gail India Limited GAIL Hindustan Petroleum Corporation Limited HPCL Bharat Petroleum Corporation Limited BPCL Hallworthy Shipping Limited SA HALLWORTHY and Silverware Energy Pte.Ltd. SILVERWARE entered into a Production Sharing Contract with Government of India for the exploration and prospecting of crude oil block in Rajasthan admeasuring a contract area of 4613 sq km.
OrganisationNitin Fire Protection Industries Ltd
HeadquartersMumbai
IndustryCapital Goods-Non Electrical Equipment