Nitin Castings 2024: leadership and key stock metrics

Company profile and what it does

Nitin Castings Limited manufactures, sells, and exports alloy steel castings in India and internationally. The product mix spans centrifugal castings, sand castings, shell moulded castings, and investment castings. The company is positioned in the Metals & Mining industry and the Basic Materials sector, with its market listed as India. It employs 149 people, based on the information provided. Nitin Castings is also described as supplying alloy steel castings engineered for extreme industrial environments, including wear-resistant, heat-resistant and corrosion-resistant components. Its end-use industries are stated as cement, power, mining, steel, and process industries. The company is associated with the Nitin group promoted by the Kedia family.

Name change and corporate timeline

The company was formerly known as Nitin Alloys Global Limited and changed its name to Nitin Castings Limited in October 2016. Separately, the information provided also states the company was founded in 1964 and is based in Thane, India. Another corporate record shared in the data notes that NITIN CASTINGS LIMITED (CIN: L65990MH1982PLC028822) is a public company incorporated on 03 Dec 1982, registered with the Registrar of Companies, Mumbai, and classified as a non-government company. These timeline references appear in the supplied dataset and may reflect different milestones such as founding versus incorporation. The last AGM is stated to have been held on 17 Dec 2023, and the balance sheet was last filed on 2023-03-31, as per MCA records included in the text.

Where it is based and how to reach the company

Nitin Castings is described as being based in Thane, India. The contact address shared is Prestige Precinct, 3rd Floor, Almeida Road, Panchpakhadi, Thane, 400601, India, with phone number +91 22 4974 8107 and website www.nitincastings.com. A separate corporate record in the text lists a registered address as 202, 2nd Floor, A-Wing, Building No. 3, Sir M.V. Road, Rahul Mittal Industrial Estate, Andheri East, Mumbai, Maharashtra, India - 400059. Both addresses appear in the provided content and point to the company’s stated locations across Thane and Mumbai.

Leadership: board and executive roles

The leadership information provided includes executive directors who handle day-to-day operations and non-executive directors, including independent directors, who provide oversight and strategic input. The dataset lists Nitin S Kedia as the current chairman, and shows continuity in positions in 2024 for several key members.

Two sets of leadership tables and lists are included in the text, with overlapping names and roles. Consolidating only what is explicitly stated, the following individuals are shown as part of the board and executive leadership across the provided sources.

Stock listing and snapshot market data

The stock is referenced as NSE: NITINCASTINGS in the material provided. A price snapshot included in the text shows 587.70, up 3.70 (0.63%), marked closed. Another snapshot lists Current Price ₹586, alongside a set of valuation and return ratios. Since both are present in the dataset, they are best read as separate snapshots captured at different moments.

The same snapshot also provides a market-cap and key indicators commonly used by investors to benchmark profitability and valuation in the metals and castings space.

Business positioning within castings and industrial demand

Nitin Castings is described as manufacturing alloy steel castings, including static, centrifugal, and investment castings. Castings businesses typically tie demand to capital goods cycles and maintenance spend in core industries. In the provided text, the company highlights supply into cement, power, mining, steel, and process industries, which are sectors that can require wear-resistant and heat-resistant components. The product types listed, such as centrifugal and investment castings, suggest a focus on engineered components where metallurgical expertise matters. The company is also described as exporting, indicating exposure beyond domestic industrial cycles.

Corporate governance and continuity signals

The dataset explicitly flags continuity in leadership positions in 2024 for key board members. It notes that Nitin S Kedia continues as Chairman & Managing Director, Nirmal B Kedia continues as Executive Director, and independent directors including Arvind B Jalan and Preethi continue in their roles. The text also states that the board consists of experienced professionals overseeing strategy and corporate governance. While no detailed committee structures or independence ratios are provided, the presence of multiple independent directors is stated in the leadership tables. The company secretary and compliance officer role is also referenced, which is a key part of listed-company compliance processes.

Market impact: what the numbers say (and what they do not)

The only explicit market move in the material is the quoted close at ₹587.70, up ₹3.70 (0.63%). Beyond that, the dataset provides a valuation snapshot including P/E of 21.3, dividend yield of 0.51%, ROCE of 17.4%, and ROE of 13.4%. These figures offer a baseline for comparing the company with peers in the listed foundry and castings segment, but the text does not provide peer metrics or quarter-by-quarter financials.

A second data point lists the price as ₹586 and the market cap as ₹301 crore, which helps frame the company’s current scale as a small-cap industrial. The high/low band of ₹799 / ₹470 indicates the range shown in the provided snapshot, but there is no date label attached to it in the content. The note that earnings include other income of ₹5.81 crore is important context because it signals that reported earnings are not purely operating, based on the text provided.

Analysis: why leadership details matter for a small-cap industrial

For a company operating in alloy steel castings, execution often depends on consistent operational control, quality systems, and customer relationships in heavy industry. That makes leadership continuity and governance structure relevant signals for investors who track small-cap industrial names. The dataset highlights that the Kedia family are promoters and that multiple executive roles are held by individuals sharing the Kedia surname, alongside independent directors.

At the same time, the information provided includes multiple age and role listings for the same individuals across different tables. Investors typically reconcile such differences by cross-checking with the latest exchange filings and the company’s annual report, but those documents are not included in the content supplied here. What can be stated from the dataset is that key roles are clearly identified: chairman and managing director, executive director and CFO, executive director, and independent directors, along with the company secretary and compliance function.

Conclusion

Nitin Castings Limited is an alloy steel castings manufacturer and exporter with a stated base in Thane, operating in the Basic Materials segment and employing 149 people. The dataset points to leadership continuity in 2024, with the Kedia family holding key executive positions alongside independent directors and a named compliance officer. Market snapshots in the provided information show the stock around ₹586 to ₹587.70, a market cap of ₹301 crore, and disclosed ratios including P/E 21.3, ROCE 17.4%, and dividend yield 0.51%. The next concrete corporate milestone mentioned in the content is the most recent AGM date, held on 17 Dec 2023, with the latest balance sheet filing date shown as 2023-03-31 in the MCA record provided.