Promoter holding
64.27%
NL
Nitco Limited - Due diligence report
A 360° intelligence report on Nitcotiles: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Nitcotiles — 360° Intelligence Report
Generated from MCA filings & public records53/100
Trust Score
Moderate
Nitcotiles is assessed as Moderate with a Trust Score of 53/100. Nitcotiles is an active public limited indian non-government company incorporated in 1966, operating in the Manufacturing sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 11 Nov 2026 from the latest processed filings. Nitco Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 9 open (4,317.25 cr) · 85 satisfied (5,826.62 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 23 | 48.0 cr |
| Idbi Trusteeship Services Limited | 4 | 48.0 cr |
| Punjab National Bank As Lead Bank. Details As Per Aneexure I | 1 | 48.0 cr |
| Jm Financial Asset Reconstruction Company Private Limited | 12 | 48.0 cr |
| State Bank Of Indore | 5 | 48.0 cr |
| State Bank Of Patiala | 4 | 48.0 cr |
Compliance Score: 30/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2025).
- Flagged by authority: BSE, DRT.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (512 disclosure(s)).
- 20 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRIYANKA AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTHOSH KUMAR SHET | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARSH KEDIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAYBIR SINGH JASBIR SINGH BAKSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SITANSHU SATAPATHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Geeta Gopaldas Karira | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK TALWAR PRANNATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POONAM TALWAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Geeta Sameer Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- AJAYBIR SINGH JASBIR SINGH BAKSHI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
6
Capital events
6 allotment(s) · 1 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| NITCO REALTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
| NITCO IT PARKS PRIVATE LIMITED | Subsidiary Company | 74.00% |
| NITCO AVIATION PRIVATE LIMITED | Subsidiary Company | 74.00% |
| MEGHDOOT PROPERTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
| OPERA PROPERTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
| FEEL BETTER HOUSING PRIVATE LIMITED | Subsidiary Company | 74.00% |
| ROARING - LION PROPERTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
| Quick-solution Properties Private Limited | Subsidiary Company | 74.00% |
| MAXWEALTH PROPERTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
| FEROCITY PROPERTIES PRIVATE LIMITED | Subsidiary Company | 74.00% |
Key managerial personnel: SITANSHU SATAPATHY (CFO) · VIVEK TALWAR PRANNATH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 60
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 60+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (30/100).
9 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.89 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence46/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 4,317.25 cr already registered.
- Compliance gaps should be priced into terms.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events23 Feb 2026
Charge satisfied
Idbi Trusteeship Services Limited
Charge satisfied
Dena Bank
Charge satisfied
Idbi Bank Limited
Charge satisfied
Others
Charge satisfied
Jm Financial Asset Reconstruction Company Private Limited
Charge satisfied
State Bank Of Indore
Charge satisfied
State Bank Of Patiala
Charge satisfied
Punjab National Bank
13 Jan 2026
Director ceased
SITANSHU SATAPATHY
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Oct 2024
Charge satisfied
Life Insurance Corporation Of India
06 Sep 2024
Charge created
Others - 50.00 cr
26 Aug 2024
Charge created
Others - 25.00 cr
23 May 2024
Charge created
Others - 50.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
20 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Tesla Transformers (India) Limited | U31900MP2017PLC042200 | Bhopal, Madhya Pradesh, India |
| Nikhil Adhesive | L51900MH1986PLC041062 | Mumbai, Maharashtra, India |
| K. Amishkumar Trading Private Limited | U51900MH2006PTC159467 | Mumbai, Maharashtra, India |
| Singer India | L52109DL1977PLC025405 | South Delhi, Delhi, India |
| Shiv Aum Steels Private Limited | L27105MH2002PLC135117 | Mumbai, Maharashtra, India |
| Elicaindia | U29300PN2010PTC136095 | Pune City, Maharashtra, India |
| Swaraj Suiting Limited | L18101RJ2003PLC018359 | Bhilwara, Rajasthan, India |
| Vraj Iron And Steel Limited | L27101CT2004PLC016701 | Raipur, Chattisgarh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Nitcotiles before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Nitcotiles: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Nitcotiles - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Nitcotiles pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Nitcotiles - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Nitcotiles an active company?
Nitcotiles has MCA status “Active” with a compliance score of 30/100 (Caution Indicated).
Is Nitcotiles financially healthy?
Nitcotiles has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.
Should I do business with Nitcotiles?
Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Nitcotiles?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Nitcotiles have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 85 earlier charge(s) stand satisfied.
Is Nitcotiles up to date with its ROC filings?
Balance sheet slightly behind (Mar 2025). Overall compliance score: 30/100 (Caution Indicated).
Is it risky to lend to Nitcotiles?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
