What we do Nitin Castings Ltd manufactures and sells high-quality alloy steel castings, serving industries like fertilizers, petrochemicals, steel, and sponge iron with heat and corrosion resistant products. |
Founded in 1,982 |
Market share Established player with leadership in alloy steel castings within India, expanding capacity and product range steadily. |
Problem solved Provides durable, heat and corrosion resistant casting solutions addressing critical needs of heavy industries for reliable components. |
Top clients or who we serve B2B serving fertilizer, petrochemical, steel plants, sponge iron producers, and core heavy industries in domestic and international markets. |
Key management - |
Our journey and innovations Founded in 1982, expanded capacity from 1,200 MT to 3,000 MT in 2007-08, started investment casting pilot plant in 2015, and launched fabrication in 2018-19. |
Where we operate Primarily India with manufacturing in Dadra and Nagar Haveli and Gujarat; exports contribute around 12% of revenue. |
Top products or what we offer Static and centrifugal alloy steel castings, heat and corrosion resistant castings, fabricated machining components for core sectors. |
Top brands - |
Raw materials needed Specialized alloy steel as main raw material for casting production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mostly from cyclical industrial manufacturing sectors with steady recurring supply contracts. |
Our industry position Strong domestic presence with growing export share; recognized for quality and capacity expansion. |
Financial highlights FY2024-25 revenue Rs.150.57 crore, net profit Rs.12.41 crore; consistent profit growth with improving operational efficiency. |
Geographical revenue split Approximately 88% India, 12% outside India revenue split. |
Order book - |
Whats driving growth Capacity expansions, new product lines, growing demand in fertilizer and petrochemical sectors drive growth. |
Our future plans Focus on enhancing fabrication capabilities and scaling up production capacity further for export markets. |
Our green promise Committed to environment-friendly manufacturing, including energy conservation and pollution control initiatives. |
Our people and values Emphasizes strong governance, ethical practices, and employee welfare with zero harassment incidents reported. |
Key challenges ahead Managing cyclical demand fluctuations and maintaining competitive edge amid raw material cost pressures. |
Interesting facts Transitioned through multiple names before settling as Nitin Castings Ltd in 2017; part of Kedia Group legacy. |
Risks and strategy Mitigates risks via strict financial controls, diversified customer base, and continuous capacity upgrades. |
