Nitco (NSE:NITCO) Construction In Progress: ₹115 Mil (As of Mar. 2026)

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NSE:NITCO Nitco Ltd NSE:NITCO
41 GF Score
Price ₹107.06
GF Value ₹51.77
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Nitco Construction In Progress?

Nitco NSE:NITCO +0.51% 41 Construction In Progress is ₹115 Mil as of Mar. 2026. GuruFocus rates NSE:NITCO with a GF Score™ of 41/100 and a GF Value™ of ₹51.77 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Nitco's quarterly construction in progress declined from Sep. 2025 (₹46 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹115 Mil).

Nitco's annual construction in progress increased from Mar. 2024 (₹134 Mil) to Mar. 2025 (₹136 Mil) but then declined from Mar. 2025 (₹136 Mil) to Mar. 2026 (₹115 Mil).

Nitco Construction In Progress Historical Data

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The historical data trend for Nitco's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nitco Construction In Progress Chart

Nitco Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 143.58 141.98 134.46 135.86 114.76

Nitco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 135.86 0.00 45.75 0.00 114.76
NSE:NITCO
41GF Score
Nitco Ltd NSE:NITCO
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitco Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹115 Mil mean?
Nitco (NSE:NITCO) has a Construction In Progress of ₹115 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Nitco and its competitors.
Is Nitco's Construction In Progress too high?
Nitco's current Construction In Progress is ₹115 Mil. Overall, Nitco has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitco's Construction In Progress compare to TT and JCI?
Nitco's Construction In Progress of ₹115 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Construction company?
A good Construction In Progress depends on the Construction industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Nitco and its competitors. Nitco's current Construction In Progress is ₹115 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitco stock overvalued right now?
Based on GuruFocus' analysis, Nitco (NSE:NITCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹51.77, compared to a current price of ₹107.06 — trading 106.8% above its estimated fair value. The current Construction In Progress is ₹115 Mil. Nitco's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Nitco (NSE:NITCO), the current Construction In Progress is ₹115 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nitco (NSE:NITCO) Overvalued in 2026?

Based on GuruFocus' analysis, Nitco stock appears to be overvalued. The current stock price of ₹107.06 is trading 106.8% above its estimated GF Value™ of ₹51.77. GuruFocus considers Nitco to be Significantly Overvalued.

Key valuation signals for NSE:NITCO:

  • Construction In Progress: ₹115 Mil
  • GF Value™: ₹51.77 vs. price of ₹107.06 (106.8% above fair value)
  • GF Score™: 41/100 with 6 warning signs

No single metric tells the full story. See the NSE:NITCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nitco Business Description

Other Exchanges 532722:India
Address 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, MH, IND, 400 030
Nitco Ltd is an Indian company engaged in manufacturing and providing ceramic products, including floor/wall tiles, processing of marble, and outsourcing of vitrified tiles. It is also engaged in real estate development. The company portfolio comprises a range of tiles, marbles, mosaics, and development for real estate projects. Its segments include tiles and other related products, and real estate. The firm derives the majority of its revenue from tiles and other related products within India.
41GF Score

Get the complete analysis for NSE:NITCO

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹107.06
Price
₹51.77
GF Value