Nitin Castings Ltd
Nitin Castings | 508875
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About Company
- Nitin Castings Limited, formerly known as 'Aditya Leasing Limited' and incorporated on December 3, 1982 was changed to Nitin Alloys Global Limited on June 6, 2006 and further to 'Nitin Castings Limited' on January 3, 2017
- Nitin Castings, a part of Kedia Group manufactures and sells Alloys Steel Castings
- The Company offers centrifugal castings for applications in various industries, such as fertilizers and petrochemicals, industrial furnaces, steel plants, sponge iron plants, and pig iron plants; and high alloy steel castings for heat and corrosion resistant applications
- The Company has manufacturing unit at Dadra and Nagar Haveli and is having Machining and Fabrication workshop at Valsad, Gujarat
- During year 2007-08, the company expanded by increase in production capacity and commenced commercial production
- They entered into the field of manufacturing of Centrifugal Castings by increasing their product range
- Thus, the production capacity of Alloy Steel Castings (Static & Centrifugal) increased from 1,200 MT to 3,000 MT
- The Company installed a new pilot plant of Investment Castings with the total capacity of 10 M
- per month, which commenced operations effective on February 28, 2015
- During 2015-16, the Company got into a Scheme of Arrangement, approved by Hon'ble High Court of Bombay between Rajshila Construction Private Limited (earlier known as Nitin Castings Private Limited) and their respective Shareholders which envisaged for demerger of Castings Business Undertaking carried out by Rajshila Construction Private Limited (Demerged Company) into the Company as a going concern and vesting of same into Rajshila Construction Private Limited, which became effective on December 15, 2016
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Frequently Asked Questions
What is Share Price of Nitin Castings Ltd?
The current share price of Nitin Castings Ltd (Nitin Castings) is ₹567.00. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Nitin Castings Ltd?
Nitin Castings Ltd has a 52-week high of ₹698.95 and a 52-week low of ₹432.00. This range shows the stock's price volatility over the past year.
What is the ROE of Nitin Castings Ltd?
Nitin Castings Ltd has a Return on Equity (ROE) of 13.43%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
