Nitta Gelatin India Limited (NITTAGELA)

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Nitta Gelatin India Limited (NITTAGELA) · mywealthgrid

About

Nitta Gelatin India is a specialty chemicals manufacturer in the gelatin segment, serving pharmaceutical, food, and industrial applications. The company has a market cap of ₹1,463 Cr with quarterly revenues historically in the ₹67–94 Cr range (2019–2021). It competes in specialty chemicals within the Materials and Chemicals & Petrochemicals sectors.

Face value: ₹10

Market cap

₹1,515 Cr

P/E

18.0×

P/B

3.0×

Dividend yield

0.9%

ROE

21.9%

ROCE

25.2%

Debt / equity

0.01

OPM

19.4%

EPS (TTM)

₹92.4

Book value

₹563.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Historical earnings volatility: net profit ranged -₹1.59 Cr (Mar 2020) to ₹8.49 Cr (Sep 2020); EPS ranged -1.75 to 9.35 over 2019–2021 — verify if current period shows consistency.
OPM ranged 3.47% to 14.22% historically (2019–2021), now reported 19.39% — verify if current margin is sustainable or cyclical.
Revenue flat at ₹67–94 Cr over 2019–2021, no growth trajectory — verify if demand drivers in gelatin segments have improved since.
Minimal institutional participation: FII 0.05%, DII 0.92% — verify if low confidence reflects execution risks or sector headwinds.

Generated analysis · source review pending

Growth drivers

Current OPM 19.39% vs historical 3.47–14.22% range signals operational improvement since 2019–2021; verify if driven by efficiency, pricing, or cycle recovery and whether sustainable.
ROE 21.94% indicates capital efficiency; verify whether retained earnings fund capex for organic growth or capital is returned via dividends.
D/E 0.01 with cash generation provides balance sheet capacity; verify capex and M&A plans to deploy excess balance sheet flexibility.
Revenue flat 2019–2021 at ₹67–94 Cr; verify if demand in gelatin applications (pharma, food, cosmetics) has recovered and whether growth comes from volume or margin expansion.

Generated analysis · source review pending

2,168 historical price candles were omitted because the exchange source has not been verified.

₹1,664.3-2.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 26.3% (3-yr avg)
+High return on capital employed of 33.8%
+Profit CAGR of 36.6% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 101.7×
+High promoter holding of 74.5% with no pledge

Cons

−Modest revenue growth of 1.7% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

67/100

Business quality: 77
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	396	506	565	533	533
COGS	211	276	270	226	246
Gross profit	186	230	296	307	287
	141	167	183	184	184
Operating profit (EBITDA)	44	64	113	123	103
OPM %	11.2%	12.6%	20%	23%	19.4%
Depreciation	16	14	14	15	14
Interest	5	5	3	2	1
	1	5	4	11	24
Profit before tax	25	49	99	116	112
Tax	7	14	25	32	28
Tax %	29.2%	29.1%	25.4%	27.7%	24.8%
	18	35	74	84	84
PAT margin %	4.5%	6.9%	13.1%	15.8%	15.8%
EPS (₹)	19.2	36.3	77.4	91	92.5
EPS adjusted (₹)	19.8	36.3	77.4	91	92.4
	15.7%	11%	9.7%	6.6%	8.7%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9	9
Reserves	141	—	164	192	259	334	413	502
Minority interest	—	—	3	4	7	7	7	4
	102	—	80	86	39	14	31	4
	61	—	51	54	54	58	55	66
Total equity & liabilities	313	—	307	345	367	423	515	586
	130	121	113	107	114	114	117	148
CWIP	4	—	2	7	7	8	19	14
Investments	1	—	1	1	1	1	7	8
	179	—	191	230	246	300	372	416
Total assets	313	—	307	345	367	423	515	586

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	46.9%	45.5%	52.3%	57.5%	53.8%
EBITDA margin %	11.2%	12.6%	20%	23%	19.4%
EBIT margin %	7.3%	9.8%	17.5%	20.2%	16.7%
PAT margin %	4.5%	6.9%	13.1%	15.8%	15.8%
Working capital
Receivable days	58	64	57	58	65
Inventory days	161	136	126	156	136
Payable days	43	28	39	44	39
NWC days	176	172	144	170	162
Leverage
Current ratio	1.6	1.64	2.68	4.27	4.58
Debt to EBITDA	1.8	1.35	0.35	0.11	0.3
Debt to equity	0.46	0.43	0.15	0.04	0.07
Interest coverage	6	11.3	28.9	49.5	101.7
Asset turnover	1.29	1.46	1.54	1.26	1.03
Return ratios
Return on assets %	5.8%	10.1%	20.1%	19.9%	16.3%
Return on capital employed %	14.9%	25.4%	39.4%	36.9%	25.2%
Return on equity %	10.4%	17.3%	27.6%	24.5%	19.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%	74.48%
	0%	0%	0%	0.01%	0%	0%	0%	0%	0%	0%	0%	0.05%
	0.12%	0.11%	0.11%	0.11%	0.11%	0.08%	0.09%	0.35%	0.64%	0.74%	0.92%	0.95%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.4%	25.41%	25.41%	25.4%	25.41%	25.44%	25.43%	25.17%	24.88%	24.78%	24.6%	24.52%
No. of shareholders	—	—	—	—	—	—	—	—	11,248	10,881	10,551	11,285

Promoter holding up 0 percentage points since Sep 2023.

1 deal · 9 May 2022 – 9 May 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 May 2022	KRISHNAMURTHY NARAYANAN IYER	Bulk	BSE	Buy	89,274	₹360.19	₹3.22 Cr

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1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ACHARATH PARAKAT MAHALIL MOHAMEDHANISHNon-Executive - Nominee Director-Chairperson related to Promoter
Mr. ELECHIL NANDAKUMARNon-Executive - Independent Director
Mr. HIDENORI TAKEMIYANon-Executive - Nominee Director
Mr. M JAICHANDRENNon-Executive - Independent Director
Mr. VIJAYARAGHAVACHARI RANGANATHANNon-Executive - Independent Director
Mr. M K CHANDRASEKHARAN NAIRNon-Executive - Independent Director
Mrs. SHIRLEY THOMASNon-Executive - Independent Director
Mr. KAZUYA HAYASHINon-Executive - Nominee Director
Mr. SAJIV K MENONNon-Executive - Non Independent Director
Mr. VENKATARAMANAN PRAVEENExecutive Director-MD
Mr. HIDEHITO ARAKINon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Nitta Gelatin India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

29 Sept 2026, 1:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

9 Sept 2026, 4:11 pmAGM/EGM

Nitta Gelatin India Ltd-$ - 506532 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

7 Aug 2026, 10:39 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Aug 2026, 6:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Aug 2026, 4:43 pmAGM/EGM

50Th Annual General Meeting- Revised Proceedings

AGM PDF

3 Aug 2026, 11:28 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Jul 2026, 6:46 pmAGM/EGM

Shareholder Meeting- 31.07.2026

AGM PDF

31 Jul 2026, 5:50 pmCompany Update

Announcement Under Regulation 30- SION Impact Update

General PDF

Date	Category	Subject	Filing
29 Sept 2026, 1:05 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
9 Sept 2026, 4:11 pm	AGM/EGM Postal Ballot	Nitta Gelatin India Ltd-$ - 506532 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	46.9%	45.5%	52.3%	57.5%	53.8%
EBITDA margin %	11.2%	12.6%	20%	23%	19.4%
EBIT margin %	7.3%	9.8%	17.5%	20.2%	16.7%
PAT margin %	4.5%	6.9%	13.1%	15.8%	15.8%
Working capital
Receivable days	58	64	57	58	65
Inventory days	161	136	126	156	136
Payable days	43	28	39	44	39
NWC days	176	172	144	170	162
Leverage
Current ratio	1.6	1.64	2.68	4.27	4.58
Debt to EBITDA	1.8	1.35	0.35	0.11	0.3
Debt to equity	0.46	0.43	0.15	0.04	0.07
Interest coverage	6	11.3	28.9	49.5	101.7
Asset turnover	1.29	1.46	1.54	1.26	1.03
Return ratios
Return on assets %	5.8%	10.1%	20.1%	19.9%	16.3%
Return on capital employed %	14.9%	25.4%	39.4%	36.9%	25.2%
Return on equity %	10.4%	17.3%	27.6%	24.5%	19.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22	40	19	17	101	94	75	122
	-14	-10	-7	-14	-18	-54	-9	-182
	-7	-33	-12	-2	-55	-36	11	-37
Net cash flow	1	-3	-0	1	28	4	77	-97
Free cash flow	5	30	11	2	79	78	41	122
CFO / Operating profit %	—	—	42.6%	26.8%	89.5%	76.6%	73%	—

Nitta Gelatin India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

19

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Nitta Gelatin India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Dividends19

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1

1