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Nitin Castings Ltd. (India)

Main Activities: Iron and Steel Mills and Ferroalloy Manufacturing | Fabricated Metal Product Manufacturing
Full name: Nitin Castings Ltd. Profile Updated: October 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Nitin Castings Ltd. is a company located in Mumbai, India. It was incorporated in 1964 and has centralized facilities in Thane, an eastern suburb of Mumbai. The company specializes in manufacturing high-quality alloy steel castings and has gained recognition for import substitution in various core sector industries. In 1974, Nitin entered into a technical collaboration with M/s Schmidt + Clemens of Germany to import advanced technology for manufacturing cast products. In 1998, the company established a new manufacturing facility in Silvassa to meet the increasing demand for steel castings. Nitin Castings serves industries such as cement, steel, power, oil & gas, and engineering both in India and abroad. They offer a range of products and services including cement plants, steel plants, pelletizing and sintering plants, and valves. The company has expanded its manufacturing activities over the years and is ISO 9001:2015 certified. In 2018, Nitin Castings started a new fabrication and machining facility in Vapi, Gujarat. The company's corporate office is located in Thane, and they have two manufacturing facilities in Silvassa and Vapi. The registered office is in Mumbai.

Legal Address
202, 2nd Floor,, Rahul Mittal Industrial Premises Co-Op Soc. Ltd., Sanjay Building No.3
Mumbai; Maharashtra; Postal Code: 400059

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Website: http://www.nitinalloys.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 03, 1982
Key Executives
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Chairman & Managing Director
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Executive Director
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Executive Director
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Independent and Non Executive Director
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Independent and Non Executive Director
Ownership Details
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71.39%
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22.85%
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5.76%
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
11.46%
Total operating revenue
7.3%
Operating profit (EBIT)
-11.2%
EBITDA
-8.64%
Net Profit (Loss) for the Period
9.23%
Operating Profit Margin (ROS)
-2.64%
Net Profit Margin
-0.21%

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