Nitin Castings Ltd. – Company Report
1. Company Overview
Nitin Castings Ltd., established in 1964 and headquartered in Mumbai, Maharashtra, is a leading Indian manufacturer of high-quality alloy steel castings. Part of the Kedia Group, the company has over 60 years of experience and has been pivotal in import substitution by delivering castings for core sector industries. With ISO 9001:2015 and ISO 45001:2018 certifications, Nitin Castings operates modern manufacturing units at Silvassa and Vapi. The company is recognized as a pioneer in several areas—being the first in India to produce many specialized castings and having engineering collaborations with German technology (notably with Schmidt + Clemens in the past). Nitin Castings has a significant export footprint and serves clients in cement, steel, power, oil & gas, and other engineering industries both nationally and globally.
- Incorporated: 1964 (with corporate reforms in 1982)
- Headquarters: Mumbai, Maharashtra, India
- Manufacturing: Silvassa, Vapi (static, centrifugal, investment, and shell-moulded casting facilities)
- Key Certifications: ISO 9001:2015, ISO 45001:2018
- Group: Kedia Group
- Market Cap (July 2025): ~₹342 crore
2. Products and Services
Nitin Castings Ltd. manufactures a wide range of alloy steel castings and precision-engineered components:
Product Range:
- Centrifugal Castings: Tubes, reformer/process gas heater tubes, grate bars, rollers for steel/cement plants
- Static Castings: Large and small castings for industrial furnaces, refining, and power plants
- Shell-Moulded and Investment Castings: Valves, pump parts, components for defense, marine, automotive, and aerospace sectors
- Custom Alloys: ASTM A560, 50Cr-50Ni-Nb, HP-40Nb, cobalt-based alloys (UMCO 50, 51), manganese, chromium, and low-alloy steels
Major Products:
- Industrial valves, cement plant components, pump and steel plant parts
- Grate plates, hammers, diaphragms, tip casting blocks, bimetallic rollers, feed tubes, air injection tubes, radiation protection tubes, swirlers, thermowells, sector plates, flaps, forgings
- Casings, sleeves, impellers, ball valves, seat rings, cages, hydrant valves, bonnet/yoke/disc assemblies
- Customized parts for earthmoving equipment, machinery, and process industries
The company’s integrated capabilities—covering centrifugal, static, shell, and investment casting under one roof—enable delivery of ready-to-fit, fully machined components for demanding industrial environments.
3. Recent News and Financial Performance
Business Developments
- Expanded renewable energy adoption with rooftop solar and wind power integration
- Sustained exports and supply to critical industries across India and global markets
- Recognized for CSR and community initiatives in operational regions
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹151 crore |
| Net Profit | ₹12.41 crore |
| Operating Profit Margin | 10.3% |
| Net Profit Margin | 8.3% |
| Earnings Per Share | ₹24.14 |
| Debt | Almost debt-free |
| Dividend Payout % | 12% |