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National Fittings

531289 BSE
₹269.20

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P/E
23.43
View as Markdown
MCP
Close 4 Nov 2026 ₹269.20 +78.05 +40.8% 1Y
Start ₹191.15

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
15.50%
Debt to Equity
0.15
EPS (TTM)
₹11.49
Book Value
₹104.57
Market Cap
—
P/E (TTM)
23.43
P/B
2.57
ROE
11.30%
Dividend Yield
0.37%
EBITDA
₹16.90 Cr
52W High
₹360.90
52W Low
₹133.60

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
42
Weak
Returns, margins, earnings quality 22% weight
Valuation
38
Weak
Cheap vs sector & own history 24% weight
Growth
63
Good
Sales & profit trajectory 9% weight
Financial Health
83
Strong
Solvency, leverage, coverage 9% weight
Momentum
99
Strong
Trend strength, vol-adjusted 12% weight
Ownership
65
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 44.0% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 3.34 times its book value
  • Promoter holding is low: 34.7%
  • Company has a low return on equity of 8.37% over last 3 years.
  • Earnings include an other income of Rs.4.81 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral838
OscillatorsBullish234
Moving AveragesStrong Bearish604

Key readings

RSI (14)
38.29
Neutral
MACD (12,26,9)
−3.22
Bearish
SMA (50)
282.91
Bearish
SMA (200)
189.45
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.76%
5Y+12.28%
3Y+1.90%
1Y+16.67%
TTM+17.21%

Net profit

Net profit growth by window
10Y+2.54%
5Y+35.10%
3Y+31.04%
1Y−60.87%
TTM−45.08%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−6.86 pp
5Y+4.49 pp
3Y+2.66 pp
1Y+4.03 pp
TTM+1.53 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹67.00 Cr
Mar 2018₹62.00 Cr
Mar 2019₹58.00 Cr
Mar 2020₹57.00 Cr
Mar 2021₹51.00 Cr
Mar 2022₹66.00 Cr
Mar 2023₹86.00 Cr
Mar 2024₹77.00 Cr
Mar 2025₹78.00 Cr
Mar 2026₹91.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹10.00 Cr
Mar 2018₹8.00 Cr
Mar 2019₹3.00 Cr
Mar 2020₹1.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹1.00 Cr
Mar 2023₹4.00 Cr
Mar 2024₹6.00 Cr
Mar 2025₹23.00 Cr
Mar 2026₹9.00 Cr

Quarterly Results

₹ Cr
531289 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
17.42
20.9
16.57
21.64
15.14
18.68
20.82
23.49
20.58
23.64
23.64
23.54
27.13
Expenses
15.35
17.42
14.09
18.4
14.23
17.29
18.7
20.04
17.01
21.2
20.8
20.33
21.78
Operating Profit
2.07
3.48
2.48
3.24
0.91
1.39
2.12
3.45
3.57
2.44
2.84
3.21
5.35
OPM %
11.88%
16.65%
14.97%
14.97%
6.01%
7.44%
10.18%
14.69%
17.35%
10.32%
12.01%
13.64%
19.72%
Other Income
0.34
0.35
0.29
0.5
7.44
0.59
0.58
13.58
0.91
1.17
1.04
1.67
0.93
Interest
0.34
0.31
0.31
0.31
0.25
0.21
0.2
0.22
0.17
0.12
0.25
0.32
0.3
Depreciation
0.86
0.88
0.82
0.89
0.81
0.83
0.86
0.45
0.71
0.71
0.71
0.81
0.76
PBT
1.21
2.64
1.64
2.54
7.29
0.94
1.64
16.36
3.6
2.78
2.92
3.75
5.22
Tax %
31.4%
27.65%
26.83%
24.41%
4.94%
11.7%
36.59%
11.43%
27.22%
33.45%
0%
54.13%
24.52%
Net Profit
0.83
1.9
1.2
1.92
6.93
0.84
1.04
14.49
2.62
1.84
2.93
1.72
3.94
EPS (₹)
0.91
2.09
1.32
2.11
7.63
0.92
1.14
15.95
2.88
2.03
3.23
1.89
4.34

Profit & Loss

₹ Cr
531289 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
50
52
67
62
58
57
51
66
86
77
78
91
98
Expenses
40
41
52
48
51
52
46
62
76
65
70
79
84
Operating Profit
10
11
16
14
7
5
5
4
10
12
8
13
14
OPM %
19%
22%
23%
22%
12%
8%
9%
7%
11%
15%
10%
14%
14%
Other Income
1
2
2
3
2
1
1
1
1
1
22
4
5
Interest
1
1
1
2
2
2
1
1
1
1
1
1
1
Depreciation
1
1
1
3
3
2
3
3
3
3
3
3
3
PBT
8
11
16
12
4
2
2
2
7
8
26
13
15
Tax %
34%
33%
36%
37%
33%
11%
30%
20%
33%
27%
11%
30%
—
Net Profit
6
7
10
8
3
1
2
1
4
6
23
9
10
EPS (₹)
6.61
8.88
12.19
9.31
3.29
1.48
1.81
1.48
4.83
6.43
25.65
10.03
11.49
Div. Payout %
15%
34%
33%
0%
46%
0%
55%
68%
31%
23%
4%
10%
—

Balance Sheet

₹ Cr
531289 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
9
9
9
9
9
9
9
9
9
Reserves
7
11
19
38
41
41
42
43
46
50
72
80
Borrowings
8
6
5
22
26
21
17
18
20
15
5
13
Other Liabilities
4
6
7
11
16
13
13
15
14
14
16
18
Total Liabilities
27
32
39
80
91
83
81
85
89
88
103
120
Fixed Assets
5
6
10
41
47
47
46
48
47
45
27
26
CWIP
0
0
1
1
1
1
1
1
3
5
0
5
Investments
0
0
1
2
2
1
1
2
2
2
6
7
Other Assets
22
26
27
37
42
34
33
35
36
36
69
82
Total Assets
27
32
39
80
91
83
81
85
89
88
103
120

Cash Flow

₹ Cr
531289 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
10
13
9
6
2
9
4
6
10
8
−4
Investing
0
−1
−5
−7
−7
−1
−1
−4
−5
−2
37
−2
Financing
−3
−5
−5
−1
2
−8
−5
0
0
−8
−12
6
Net Cash Flow
2
3
2
1
1
−8
2
−1
0
0
33
0
Free Cash Flow
4
8
6
1
−2
0
7
0
0
7
47
−9
CFO/OP
67
113
119
103
116
29
182
76
70
103
114
−5

Ratios

531289 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
18
14
18
29
22
30
26
24
28
33
35
Inventory Days
65
84
79
263
254
327
242
222
173
214
148
188
Days Payable
17
27
37
112
148
136
129
125
76
70
82
66
Cash Conversion Cycle
65
75
57
168
136
213
142
124
121
172
99
157
Working Capital Days
45
26
20
−15
−31
−9
−10
−19
−13
−2
35
51
ROCE %
44%
49%
58%
27%
8%
4%
5%
4%
10%
13%
10%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view National Fittings insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 45.00%
  • Promoters 36.63%
  • Others 17.37%
  • DIIs 1.00%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about National Fittings

What does National Fittings Ltd do?
National Fittings Limited manufactures SG/ductile-iron grooved pipe fittings, stainless-steel fittings and valves for industrial and infrastructure piping.
Where is National Fittings Ltd (NATFIT) listed?
National Fittings Ltd trades under code 531289 on the BSE.
Which sector does National Fittings Ltd belong to?
National Fittings Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of National Fittings Ltd?
National Fittings Ltd trades at a PE ratio of 23.43 as of 4 Nov 2026, on earnings per share of ₹11.49, against a book value of ₹104.57 per share.
What is the 52-week high and low of National Fittings Ltd?
Over the last 52 weeks National Fittings Ltd has traded between ₹133.6 and ₹360.9 as of 4 Nov 2026.
Does National Fittings Ltd pay dividends?
National Fittings Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of National Fittings Ltd?
National Fittings Ltd reported a return on equity of 11.30%. Its debt-to-equity ratio is 0.15.

Company Information

National Fittings Limited manufactures SG/ductile-iron grooved pipe fittings, stainless-steel fittings and valves for industrial and infrastructure piping. The export-led company operates finishing and foundry units in Tamil Nadu and is pursuing a Gujarat expansion and proposed Banil Castings/Avisa merger for integrated casting-to-finished-product operations.

Website nationalfitting.com
Face Value ₹10

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