Nitco share news, announcements and annual reports
NSE: NITCOBSE: 532722Consumer DurablesSmall Cap
Nitco Limited · Formerly Nitco Tiles · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2006
Last close ₹72.36up ₹3.71 (5.40%)BSE ₹71.99
Share price at the NSE close on 30 Oct 2026. Previous close ₹68.65.
30 Oct: open ₹68.00, high ₹74.90, low ₹65.72
52-week range of traded prices to 30 Oct 2026
₹64.00Low, 13 Mar 2026₹119.40High, 3 Jul 2026
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,828 Cr1,145th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- −9.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.00 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −8.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −3.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.83
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 11,55,34329.7% delivered
Nitco share news and announcements
666 announcements, routine notices left out, newest first. Page 13 of 14.
Aug 2010
19 Aug · Meeting
Register of Members and Share Transfer Books of the Company will remain closed from September 09, 2010 to September 15, 2010 (both days inclusive) for the purpose of the ensuing Annual General Meeting of the Company to be held on September 15, 2010.3 Aug · Management
Board of Directors of the Company at its meeting held on August 03, 2010, re-appointed Mr. Vivek Talwar as the Managing Director for three years with effect from April 01, 2010.
Jul 2010
22 Jul · Board meeting
Inter alia : (1) To consider and approve Audited Financial Results for the financial year ended March 31, 2010 and (2) To consider the Unaudited financial results for the first quarter ended June 30, 2010.
May 2010
5 May · Board meeting
Inter alia to consider the Unaudited financial results for the fourth quarter ended March 31, 2010.
Apr 2010
16 Apr · Rating
CARE has assigned a "CARE BBB+' (Triple B Plus) rating to the Company's long term bank facilities aggregating Rs.476.57 Crores and 'PR2' (PR Two) rating to the Company's short term bank facilities aggregating Rs.745 Crores13 Apr · Management
Mr. Dinesh Kanabar, Director of the Company has resigned from the Directorship of Nitco Limited vide his letter dated 15th March, 2010 consequent to his appointment in KPMG India Private Limited
Jan 2010
13 Jan · Board meeting
Meeting on 29 Jan 2010: “Unaudited Financial Results for the qtr ended Dec 31, 2009”
Nov 2009
20 Nov · Board meeting
Meeting on 30 Nov 2009: “Unaudited Financial Results for the Qtr ended Sept 30, 2009”
Sep 2009
24 Sep · Meeting
Proceedings of the Annual General Meeting of the Company held on September 17, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.23 Sep · Legal
Nitco Limited had informed the Exchange regarding clarification with respect to the news item appearing in the newspapers regarding the DRI investigation. The Company has now informed the Exchange that: "The Directorate of Revenue Intelligence (DRI) had searched the premises of the Company and some of its officials on 27th August, 2009 with respect to investigation of custom duty payable on import of marble blocks/slabs. DRI has detained goods worth Rs.9.70 croes for verification for which Bill of Entry have already been filed. There is a dispute on the classification of the product under Custom Tariff. We had requested DRI to issue show-cause notice regarding their allegations at the earliest so that suitable clarification can be submitted. In view of the sales turnover of Rs.675 crores per annum of the Company, this would not have any material impact on the operations of the Company".22 Sep · Legal
Vide its letter dated September 22, 2009, that: "This is with reference to the news item appearing in the newspapers regarding the DRI Investigation. The Directorate of Revenue Intelligence (DRI) had searched the premises of the Company and some of its officials on 27th August, 2009 with respect to investigation of custom duty payable on import of marble blocks/slabs. DRI has detained goods worth Rs.9.70 croes for verification. There is a dispute on the classification of the product under Custom Tariff. We had requested DRI to issue show-cause notice regarding their allegations at the earliest so that suitable clarification can be submitted. In view of the sales turnover of Rs.675 crores per annum of the Company, this would not have any material impact on the operations of the Company".1 Sep · Meeting
Notice of the Annual General Meeting of the Members of the Company to be held on September 17, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2009
26 Aug · Meeting
Register of Members and Share Transfer Books of the Company will remain closed from September 11, 2009 to September 17, 2009 (both days inclusive) for the purpose of entitlement of dividend of Re. 1/- per share of face value of Rs. 10 each, if approved at the ensuing Annual General Meeting of the members of the Company to be held on September 17, 2009.
Jul 2009
14 Jul · Board meeting
Meeting on 28 Jul 2009: “Unaudited Financial Results for the Qtr ended June 30, 2009”
Jun 2009
24 Jun · Dividend
Board of Directors of the Company at its meeting held on June 24, 2009 has recommended dividend of Re.1/- (Rupee One) per equity share of Rs.10 each (10%), subject to approval of the Shareholders at the ensuing Annual General Meeting.16 Jun · Board meeting
Inter alia: 1) To consider and approve Audited Accounts for the financial year ended March 31, 2009. 2) To consider and recommend dividend on equity shares for the year 2008-2009.
May 2009
5 May · Rating
CARE has assigned a 'CARE A' (Single A) rating to the long term bank facilities aggregating Rs.361 Crores and 'PR1'(PR One) rating to the short term bank facilities aggregating Rs.745 Crores
Apr 2009
29 Apr · Board meeting
Board of Directors at its meeting held on April 29, 2009 has decided to declare Audited Financial Results for the entire financial year within three months from the end of the financial year i.e. by June 30, 2009.16 Apr · Board meeting
Meeting on 29 Apr 2009: “Unaudited Financial Results for the qtr ended March 31, 2009”
Jan 2009
27 Jan · Change in registered office
Board of Directors in its meeting held on January 27, 2009 decided that the Registered Office of the Company shall be shifted from 86-A Maker Chamber III 8th Floor, Nariman Point Mumbai - 400021 to Nitco House, Recondo Compound, Inside Municipal Asphalt Compound, S. K Ahire Marg, Worli, Mumbai - 400030.16 Jan · Board meeting
Meeting on 27 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”
Oct 2008
7 Oct · Board meeting
Inter alia to consider the unaudited financial results for the second quarter and half year ended September 30, 2008.
Sep 2008
23 Sep · Meeting
Proceedings of the Annual General Meeting of the Company held on September 23, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2008
25 Aug · Meeting
Register of Members and Share Transfer Books of the Company will remain closed from September 17, 2008 to September 23, 2008 (both days inclusive) for the purpose of entitlement of dividend of Rs.2/- per share of face value of Rs.10 each, if approved by the ensuing Annual General Meeting of the Members of the Company to be held on September 23, 2008.18 Aug · Name Change
Members of the Exchange are hereby informed that the name of Nitco Tiles Limited shall be changed to Nitco Limited w.e.f. August 25, 2008.
Jul 2008
26 Jul · Dividend
Board of Directors of the Company at its meeting held on July 26, 2008 has recommended dividend of Rs.2/- (two) per equity share of Rs.10 each (20%),subject to approval of the Shareholders at the ensuing Annual General Meeting.18 Jul · Change of name of the Company
Name of the Company has been changed form "Nitco Tiles Limited" to "Nitco Limited" with effect from July 10, 2008. Further the Company has received a new certificate of Incorporation issued by Registars of Companies.15 Jul · Board meeting
Inter alia: (1) To Consider and approve Audited Accounts for the financial year ended March 31, 2008. (2) To consider and recommend dividend on equity shares for the year 2007-2008. (3) To approve unaudited financial results for the first quarter ended June 30, 2008.11 Jul · Resolution passed by the shareholders
Certified copy of the resolutions passed by the shareholders of the Company by way of Postal Ballot. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jun 2008
19 Jun · Results
Ms. Ketki Mayekar, Practicing Company Secretary, submitted her report dated June 17, 2008 to the Company and the results were declared on June 19, 2008. The summarised results of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
May 2008
14 May · Meeting
Notice pursuant to Section 192A of the Companies Act, 1956 ('the Act') read with the companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof, for the time being in force) ('the Rules') for passing the following resolutions through Postal Ballot: (1) Special Resolution under section 21 of the Companies Act, 1956, for changing the name of the Company to 'Nitco Limited". (2) Special Resolution for alteration of the Name Clause of the Memorandum of Association of the Company. (3) Special Resolution under Section 17 of the Companies Act, 1956 for alteration of the Objects Clause of the Memorandum of Association of the Company by inserting new clause 24 after the existing clause 23 and authorizing the Board to Commence the new business pursuant to section 149 (2A) of the Act. The Company has appointed Ms. Ketki Mayekar , Practicing Company Secretary as a Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner . The duly completed postal Ballot forms should reach the Scrutinizer on or before the Close of the working hours on June 14, 2008. The Scrutinizer will submit her report to the Chairman or to the Managing Director of the Company after completion of the scrutiny of the Postal Ballots received. The Chairman or the Managing Director of the Company will announce the results of the Postal Ballot on June 19, 2008.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Apr 2008
28 Apr · Utilisation of Funds
Vide notes to Accounts in the unaudited Financial Results for the quarter and year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on April 28, 2008) regarding the statement of utilization of the IPO proceeds for the quarter ended on March 31, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.28 Apr · Board meeting
Board of Directors of the Company at their meeting held on April 28, 2008, has approved the following: 1) To change the name of the Company from 'NITCO TILES LIMITED' to 'NITCO LIMITED'. 2) To change the name clause of the Memorandum of Association of the Company. 3) To alter the Objects Clause of the Memorandum of Association of the Company to include the object of dealing in all types of building and construction materials of every description under the heading "Objects incidental and ancillary to the attainment of the Main Objects". 4) Conduct Postal Ballot to seek approval of the Shareholders for changing the name of the Company and alteration of the name clause and Object Clause of the Memorandum of Association of the Company.11 Apr · Board meeting
Meeting on 28 Apr 2008: “Unaudited Financial Results for the qtr ended March 31, 2008”
Jan 2008
24 Jan · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter and nine months ended December 31, 2007 (taken on record by the Board of Directors of the Company at its meeting held on January 24, 2008) that: Out of the Public Issue proceeds of Rs.16800 lacs, the Company has utilised Rs.15926 lacs towards Objects of the issue and pending utilisation, balance funds as at December 31, 2007 have been invested in term/fixed deposits with Banks. Further the Company has submitted a Statement of utilization of funds of the IPO proceeds for the quarter ended December 31, 2007. A copy of the Statement of utilization of funds shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Jan · Board meeting
Meeting on 24 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”
Dec 2007
13 Dec · Meeting
Proceedings of the AGM of the Company held on 11th December, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server /Common/Corporate Announcements). For more details click here.
Nov 2007
1 Nov · Meeting
Register of Members and Share Transfer Books of the Company will remain closed from December 5, 2007 to December 11, 2007 (both days inclusive) for the purpose of entitlement of dividend of Rs. 2/- per share of face value of Rs. 10 each, if approved by the ensuing Annual General Meeting of the members of the company, to be held on December 11, 2007.
Oct 2007
30 Oct · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter and half year ended September 30, 2007 (taken on record by the Board of the directors of the Company at its meeting held on October 24, 2007) that : Out of the issue proceeds of Rs. 16800 lacs, the Company has utilised Rs. 15508 lacs towards Objects of the issue and pending utilisation balance funds as at September 30, 2007 have been invested in term/ fixed deposits with Banks.24 Oct · Dividend
Outcome of the meeting of the Board of Directors held on October 24, 2007. (1) The Board has recommended dividend of Rs.2/- (two) per equity share of Rs.10 each (20%), subject to approval at the ensuing Annual General Meeting. (2) The Board has approved the proposal to increase the Foreign Institutional Investor's limit up to 60% in the share capital of the Company, subject to the approval of members at General Meeting. (3) The Board has approved Employee Stock Options Scheme (ESOS). (4) The Board has allotted 37,03,703 equity shares to the share holders of Shark Properties Pvt. Ltd. in accordance with the composite scheme of arrangement as approved by the Bombay High Court. (5) The Board has appointed Mr. Gaurav Burman as an Additional Director of the Company. Further the Company has submitted the financial particulars as required under clause 20 of the listing agreement. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Oct · Board meeting
Inter alia: (a) To Consider and approve Audited Accounts for the financial year ended March 31, 2007. (b) To consider and recommend dividend on equity shares for the year 2006-07. (c) To approve unaudited financial results for the quarter and half year ended September 30, 2007 and approve utilization of IPO proceeds. (d) To approve "Employee Stock Option Scheme" (ESOS). (e) To allot equity shares pursuant to composite scheme of arrangement approved by the Bombay High Court subject to necessary approval from the Stock Exchanges. (f) To increase the FIIs investment limit from 49% to 60% in the Equity capital of the Company.8 Oct · Miscellaneous
The Company is planning to double its production capacity in at its ceramic tile plant in Alibaug, Maharashtra. The Company has planned a capital expenditure of Rs. 80 crore to double its capacity up to 24,000 sq.mt a day from the existing 13,500 sq.mt.
Sep 2007
27 Sep · Miscellaneous
Import of marble blocks is in the negative list of imports and can be imported only against a license issued by Directorate General of Foreign Trade (DGFT), Ministry of Commerce. As per the Marble Import policy, licenses are being issued only to eligible marble processing units. For the year 2007-08, Nitco has been granted a License to import marble blocks of 15895 tons, which is 11% of the total licenses issued for the year 2007-08 by DGFT18 Sep · Extension
The Registrar of Companies, Maharashtra has granted permission extending the period for holding of Annual General Meeting by 90 days vide its letter dated 03/09/2007 under section 166 of the Companies Act, 1956. Accordingly the extension has been granted up to 31/12/2007 for holding of Annual General Meeting. The extension is because of composite scheme of arrangement11 Sep · Miscellaneous
Vide its letter dated September 10, 2007 that: "With imports of cement being allowed by the Government, Nitco is entering into import and distribution of cement as a natural extension of its existing business of tiles which caters to the real estate and infrastructure sector".10 Sep · Business
The Hon'ble High Court of Judicature at Bombay has approved the Composite Scheme of Arrangement u/s 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956 filed by the Company, on September 07, 2007. a) Merger of Shark Properties Private Limited ('SPPL') into Nitco Tiles Limited ('NTL'); b) Merger of Nitco Realties Private Limited ('NRPL') into Motivation Properties Private Limited ('MPPL'); c) Pursuant to the merger NTL shall issue of 10 (Ten) Equity Shares of Rs. 10/- each fully paid up of NTL in respect of every 27 (Twenty Seven) Equity Shares of Re. 1 each held in SPPL and issue of 10,000 fully paid up Preference Shares of Rs. 10 each of MPPL for 10,000 equity shares of Rs. 10 each held by NTL in NRPL; and d) Subsequent to the merger, change of name of Motivation Properties Private Limited to Nitco Realties Private Limited3 Sep · Miscellaneous
Our Company has been a leading outsourcer of tiles. One of the several suppliers of vitrified tiles is a Chinese Company, imports from whom have been exempted by the Government from attracting anti dumping duty. An appeal was filed by one of the other Indian manufacturers of tiles before CESTAT challenging the notification issued by the Government exempting the import from this particular manufacturer from levy of anti dumping duty. We are not a party to the litigation but understand that CESTAT has passed an Order (copy of which is not available as yet) striking down the notification. While the ramifications of the CESTAT Order would be known only after a copy is received, we have been legally advised that the CESTAT Order would become effective only after it is accepted by the Government. Past imports should not impact and therefore, the Company does not anticipate any liability. Further, given the fact that we import tiles from several manufacturers whom are similarly exempted, the CESTAT Order would not impact our business. The Company will take necessary steps to file appeal against the CESTAT Order and has been advised that it should succeed in its efforts
Jul 2007
25 Jul · Utilisation of Funds
Out of the IPO proceeds of Rs. 16800 lacs, the Company has utilised Rs. 13390 lacs towards Objects of the issue and pending utilisation, balance funds as at June 30, 2007 have been invested in term/fixed deposits with Banks23 Jul · Miscellaneous
Nitco Tiles Limited had informed the Exchange that Nitco Tiles Ltd. is engaged in the business of Real Estate development through its wholly owned subsidiary Nitco Realties Pvt. Ltd. The Company has now informed the Exchange that: "The company appointed Knight Frank to carry out valuation in respect of some of the properties which are owned by Nitco Tiles / Nitco Realities or its SPV's. This includes properties which are in the process of being transferred under a court approved scheme of arrangement (final hearing fixed for August 17, 2007). For these initial set of properties Knight Frank has valued the Net Present Value of the land bank of Nitco at Rs.406 crores. These projects will be completed over a period of 3 years. Nitco is vigorously pursuing its objective of creating value in the Real Estate sector. The company is in negotiations for undertaking many more projects. As and when such projects fructify, these will also be valued by a reputed independent valuer and the Stock Exchange would be notified thereafter".