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Swing Capital

Nitta Gelatin India Ltd

NSE: NITTAGELA BSE: 506532

Incorporated in 1975, Nitta Gelatin India Ltd manufactures and sells ossein, gelatin, and collagen peptide[1]

₹1,312
52W: ₹742 — ₹1351
PE 10.8 · Book ₹545 · +141% vs book
Market Cap₹1,191 Cr
Stock P/E10.8Price to Earnings
ROCE31.3%Return on Capital
ROE24.9%Return on Equity
Div. Yield0.46%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 43.9% CAGR over last 5 years

Weaknesses

  • −The company has delivered a poor sales growth of 10.7% over past five years.

Shareholding Pattern

Promoters74.49%
FIIs0%
DIIs0.93%
Public24.59%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.49%74.49%74.49%74.49%74.49%74.49%74.49%74.49%
FIIs0.01%0%▼0.00%0%0%0%0%0%
DIIs0.12%0.12%0.08%▼0.00.09%▲0.00.35%▲0.30.64%▲0.30.75%▲0.10.93%▲0.2
Public25.39%25.4%▲0.025.45%▲0.125.43%▼0.025.17%▼0.324.89%▼0.324.76%▼0.124.59%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales118115131132135129139138150162
Expenses9193104107108106111112112116
Operating Profit27222825272327263845
OPM %23%19%21%19%20%18%20%19%25%28%
Net Profit17161920241919263134
EPS ₹18.2917.9421.1921.5126.7321.1121.3528.7934.2137.46

AI Insights

Revenue Trend

Mar 2026 revenue at ₹588Cr, up 11.6% YoY. OPM at 23%.

Debt Position

Borrowings at ₹9Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹14Cr (9% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.93% (+0.67pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.49%.

Margin & Efficiency

ROCE improving from 11% (Mar 2015) to 31% (Mar 2026). Working capital days: 84.

Valuation

PE 10.8x with 31.3% ROCE. Price is 141% above book value of ₹545. Dividend yield: 0.46%.

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