National Fittings Ltd

NATFIT

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Market Cap

₹ 163 Cr

P/E

18.01

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

UNDERVALUED

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

National Fittings Limited manufactures SG Iron Grooved and Screwed Pipe Fittings, Stainless Pipe Fittings, and Ball Valves for diverse applications.

The company was established in 1993 to capitalize on manufacturing opportunities in India, especially in stainless steel fittings and valves.

Key milestones include expanding into stainless steel ball valves, forward integration of the value chain, and major mergers and acquisitions enhancing capacity.

Recent expansion initiatives include a proposal to issue 32,50,000 equity shares to its promoters, positioning for future growth.

Sector

Castings, Forgings & Fastners

Industry

Castings - Steel / Alloy

Market Cap

163 Cr

Volatility

Low Risk

P/E Ratio

18.0

Industry P/E

47.3

PEG Ratio

0.1

P/B Ratio

1.9

52W High

235.00

52W Low

109.95

Sales CAGR

2.09%

5.63%

6.57%

10Y

4.59%

Profit CAGR

298.97%

158.90%

77.16%

10Y

13.61%

ROE

TTM

10.72%

17.17%

12.25%

10Y

13.42%

ROCE

TTM

14.27%

20.73%

15.17%

10Y

18.32%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TCL	99.00	236 Cr	19.50	2.83	0.00	11.24	10.59	5.05
PRITIKA	75.95	197 Cr	26.52	3.92	0.00	14.81	9.05	4.10
GALLARD	196.00	195 Cr	32.08	3.57	0.00	0.00	0.00	8.52
SCML	144.10	172 Cr	21.59	2.18	0.00	10.10	11.85	3.49
NATFIT	169.30	163 Cr	18.01	1.93	0.56	10.72	14.27	19.03
GUJINTRX	437.80	150 Cr	15.20	2.21	5.74	14.53	19.28	12.95
KVSCASTING	67.97	130 Cr	19.69	2.09	0.00	15.34	13.84	8.68

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2018	Sep 2018	Dec 2018
Sales	16	16	13
Expenses	13	14	12
Operating Profit	2.79	2.82	0.79
OPM %	17.71	17.18	6.14
Other Income	0.43	1.24	1.18
Interest	0.38	0.38	0.36
Depreciation	0.50	0.54	0.54
Profit Before Tax	2.34	3.15	1.07
Tax %	32.01	29.21	50.42
Net Profit	1.59	2.23	0.53
EPS in Rs	1.76	2.45	0.59

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	67	62	58	57	51	66	86	77	78	84
Expenses	52	48	51	52	46	62	76	65	70	73
Operating Profit	16	14	6.95	4.60	4.74	4.36	9.59	11	7.88	11
OPM %	23.15	22.35	11.98	8.09	9.26	6.57	11.15	14.71	10.08	12.61
Other Income	2.44	2.74	1.87	1.06	1.21	1.32	1.47	1.49	22	16
Interest	0.97	1.68	1.71	1.73	0.98	1.12	1.06	1.27	0.87	0.80
Depreciation	1.05	2.69	2.65	2.43	2.62	2.89	3.43	3.46	2.95	2.85
Profit Before Tax	16	12	4.47	1.50	2.35	1.67	6.57	8.02	26	23
Tax %	36.44	36.58	33.07	11.07	30.14	19.72	33.14	27.20	11.18	15.79
Net Profit	10	7.75	2.99	1.34	1.64	1.34	4.39	5.84	23	19
EPS in Rs	11.20	8.19	7.55	1.47	1.81	2.40	4.83	6.43	25.66	22.03
Dividend Payout %	32.81	0.00	45.59	0.00	55.25	67.57	31.06	23.33	3.90	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8.32	8.32	9.08	9.08	9.08	9.08	9.08	9.08	9.08	9.08
Reserves	11	19	38	41	41	42	43	46	50	72
Borrowings	6.14	5.11	22	26	21	17	18	20	15	5.44
Other Liabilities	6.06	6.65	11	16	13	13	15	14	14	16
Total Liabilities	32	39	80	91	83	81	85	89	88	103
Fixed Assets	5.80	10	41	47	47	46	48	47	45	27
CWIP	0.14	0.56	1.33	1.25	0.99	0.75	0.69	3.35	5.08	0.40
Investments	0.00	1.03	1.60	1.54	1.48	1.31	2.02	2.26	2.23	6.21
Other Assets	26	27	37	42	34	33	35	36	36	69
Total Assets	32	39	80	91	83	81	85	89	88	103

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	9.53	13	8.96	6.14	1.81	8.85	3.83	5.68	9.93	8.26
Cash from Investing Activity	-1.29	-5.24	-6.74	-7.36	-1.34	-1.01	-4.08	-5.37	-2.21	37
Cash from Financing Activity	-5.43	-5.04	-0.75	1.98	-8.30	-5.42	-0.47	-0.03	-7.50	-12
Net Cash Flow	2.80	2.25	1.47	0.76	-7.83	2.42	-0.71	0.27	0.22	33

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Nov 2025
Promoters	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%	34.04%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%
Total Shareholders	4,080	4,409	4,625	4,793	4,800	4,945	5,185	5,006	5,029	5,000	4,915	4,905

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
May 23, 2025	Guttikonda rajasekhar	Bulk	Buy	175.94	1.77 Cr	1,00,656	1.10
May 23, 2025	Rana enterprises	Bulk	Sell	176.40	1.43 Cr	81,000	0.89
May 23, 2025	Guttikonda vara lakshmi	Bulk	Buy	176.32	1.18 Cr	66,861	0.73
May 23, 2025	Counter cyclical investments ...	Bulk	Sell	176.30	0.88 Cr	50,000	0.55
Dec 05, 2023	Zaki abbas nasser	Bulk	Buy	143.83	1.27 Cr	88,500	0.97

Projection

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Last 7 days

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Overall

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Moving Averages

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2018	Sep 2018	Dec 2018
Sales	16	16	13
Expenses	13	14	12
Operating Profit	2.79	2.82	0.79
OPM %	17.71	17.18	6.14
Other Income	0.43	1.24	1.18
Interest	0.38	0.38	0.36
Depreciation	0.50	0.54	0.54
Profit Before Tax	2.34	3.15	1.07
Tax %	32.01	29.21	50.42
Net Profit	1.59	2.23	0.53
EPS in Rs	1.76	2.45	0.59

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	67	62	58	57	51	66	86	77	78	84
Expenses	52	48	51	52	46	62	76	65	70	73
Operating Profit	16	14	6.95	4.60	4.74	4.36	9.59	11	7.88	11
OPM %	23.15	22.35	11.98	8.09	9.26	6.57	11.15	14.71	10.08	12.61
Other Income	2.44	2.74	1.87	1.06	1.21	1.32	1.47	1.49	22	16
Interest	0.97	1.68	1.71	1.73	0.98	1.12	1.06	1.27	0.87	0.80
Depreciation	1.05	2.69	2.65	2.43	2.62	2.89	3.43	3.46	2.95	2.85
Profit Before Tax	16	12	4.47	1.50	2.35	1.67	6.57	8.02	26	23
Tax %	36.44	36.58	33.07	11.07	30.14	19.72	33.14	27.20	11.18	15.79
Net Profit	10	7.75	2.99	1.34	1.64	1.34	4.39	5.84	23	19
EPS in Rs	11.20	8.19	7.55	1.47	1.81	2.40	4.83	6.43	25.66	22.03
Dividend Payout %	32.81	0.00	45.59	0.00	55.25	67.57	31.06	23.33	3.90	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8.32	8.32	9.08	9.08	9.08	9.08	9.08	9.08	9.08	9.08
Reserves	11	19	38	41	41	42	43	46	50	72
Borrowings	6.14	5.11	22	26	21	17	18	20	15	5.44
Other Liabilities	6.06	6.65	11	16	13	13	15	14	14	16
Total Liabilities	32	39	80	91	83	81	85	89	88	103
Fixed Assets	5.80	10	41	47	47	46	48	47	45	27
CWIP	0.14	0.56	1.33	1.25	0.99	0.75	0.69	3.35	5.08	0.40
Investments	0.00	1.03	1.60	1.54	1.48	1.31	2.02	2.26	2.23	6.21
Other Assets	26	27	37	42	34	33	35	36	36	69
Total Assets	32	39	80	91	83	81	85	89	88	103

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	9.53	13	8.96	6.14	1.81	8.85	3.83	5.68	9.93	8.26
Cash from Investing Activity	-1.29	-5.24	-6.74	-7.36	-1.34	-1.01	-4.08	-5.37	-2.21	37
Cash from Financing Activity	-5.43	-5.04	-0.75	1.98	-8.30	-5.42	-0.47	-0.03	-7.50	-12
Net Cash Flow	2.80	2.25	1.47	0.76	-7.83	2.42	-0.71	0.27	0.22	33

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TCL	99.00	236 Cr	19.50	2.83	0.00	11.24	10.59	5.05
PRITIKA	75.95	197 Cr	26.52	3.92	0.00	14.81	9.05	4.10
GALLARD	196.00	195 Cr	32.08	3.57	0.00	0.00	0.00	8.52
SCML	144.10	172 Cr	21.59	2.18	0.00	10.10	11.85	3.49
NATFIT	169.30	163 Cr	18.01	1.93	0.56	10.72	14.27	19.03
GUJINTRX	437.80	150 Cr	15.20	2.21	5.74	14.53	19.28	12.95
KVSCASTING	67.97	130 Cr	19.69	2.09	0.00	15.34	13.84	8.68

Overview

Detailed Summary

National Fittings Limited manufactures SG Iron Grooved and Screwed Pipe Fittings, Stainless Pipe Fittings, and Ball Valves for diverse applications.

The company was established in 1993 to capitalize on manufacturing opportunities in India, especially in stainless steel fittings and valves.

Key milestones include expanding into stainless steel ball valves, forward integration of the value chain, and major mergers and acquisitions enhancing capacity.

Recent expansion initiatives include a proposal to issue 32,50,000 equity shares to its promoters, positioning for future growth.

Sector

Castings, Forgings & Fastners

Industry

Castings - Steel / Alloy

Market Cap

163 Cr

Volatility

Low Risk

P/E Ratio

18.0

Industry P/E

47.3

PEG Ratio

0.1

P/B Ratio

1.9

52W High

235.00

52W Low

109.95

Sales CAGR

2.09%

5.63%

6.57%

10Y

4.59%

Profit CAGR

298.97%

158.90%

77.16%

10Y

13.61%

ROE

TTM

10.72%

17.17%

12.25%

10Y

13.42%

ROCE

TTM

14.27%

20.73%

15.17%

10Y

18.32%