Nitin Castings Limited manufactures, sells, and exports alloy steel castings in India and internationally. It offers immersion/dip tubes, bimetallic rollers, grate plates, hammers and diaphragm liners, tip casting blocks/sectors, and flaps and diaphragm plates for cement plants; and grate bars, tip casting blocks, upper and lower side walls, screen size rollers, chain links, side plates, locking clits, and press boards/side boards/stripper plates for steel plants. The company also provides reformer tubes, process gas heater tubes, burden feeder shafts, feed legs, etc. for DRI plants; air injection and feed tubes, coal burner and throw pipes, radiation protection tubes, swirlers, thermowells, inlet and outlet sector, and staggers for coal-based sponge iron plants; upper and lower burden feeder probes, and breaker disk and lugs for burden feeder shafts for blast furnaces; galvanizing and cold rolling mill products; products for industrial, heat treatment, and re-heating furnaces; and products for fertilizer, refinery, and petrochemical industries. In addition, it offers hot strip mill products; decanters; valves, including balls, seat rings, cages, hydrant valves, strainers, valve bodies, bonnets, yokes and discs for gate valves, globe valves, and valve bodies and discs for butterfly valves; and casings, impellers, sleeves, stuffing boxes, rotor ball diffusers, and bushes for the pump industry. Further, the company provides parts for earth moving equipment in low alloy steels; rings for metallic RTJ gaskets; anchors, pedestal door frames, and walking beams for furnaces; lift cylinders for tyre machinery; liners for slurry pumps and compressors; and disc refiners for paper mills; piercing plugs; deck panels; and rollers and guides for ERW tube plants. The company was formerly known as Nitin Alloys Global Limited and changed its name to Nitin Castings Limited in October 2016. Nitin Castings Limited was founded in 1964 and is based in Thane, India.
Metrics to compare | NITN | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipNITNPeersSector | |
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P/E Ratio | 24.4x | 18.4x | −0.1x | |
PEG Ratio | 1.52 | 0.10 | 0.00 | |
Price/Book | 3.8x | 2.6x | 1.6x | |
Price / LTM Sales | 2.0x | 1.4x | 1.2x | |
Upside (Analyst Target) | - | 75.5% | 27.2% | |
Fair Value Upside | Unlock | −6.8% | 2.8% | Unlock |