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Nitin Castings (BOM:508875) Gross Profit : ₹395 Mil (TTM As of Sep. 2024)


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What is Nitin Castings Gross Profit?

Nitin Castings's gross profit for the three months ended in Sep. 2024 was ₹109 Mil. Nitin Castings's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ₹395 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nitin Castings's gross profit for the three months ended in Sep. 2024 was ₹109 Mil. Nitin Castings's Revenue for the three months ended in Sep. 2024 was ₹383 Mil. Therefore, Nitin Castings's Gross Margin % for the quarter that ended in Sep. 2024 was 28.32%.

Nitin Castings had a gross margin of 28.32% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Nitin Castings was 32.22%. The lowest was 15.22%. And the median was 24.60%.

Warning Sign:

Nitin Castings Ltd gross margin has been in long-term decline. The average rate of decline per year is -7%.


Nitin Castings Gross Profit Historical Data

The historical data trend for Nitin Castings's Gross Profit 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.

* Premium members only.

Nitin Castings Gross Profit Chart

Nitin Castings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.45 173.39 208.74 295.50 340.73

Nitin Castings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit 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 89.72 85.33 84.36 117.10 108.53

Competitive Comparison of Nitin Castings's Gross Profit

For the Metal Fabrication subindustry, Nitin Castings's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nitin Castings's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitin Castings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Nitin Castings's Gross Profit falls into.



Nitin Castings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Nitin Castings's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=1487.476 - 1146.743
=341

Nitin Castings's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=383.234 - 274.703
=109

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹395 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Nitin Castings's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=109 / 383.234
=28.32 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Nitin Castings  (BOM:508875) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Nitin Castings had a gross margin of 28.32% for the quarter that ended in Sep. 2024 => Competition eroding margins


Nitin Castings Gross Profit Related Terms

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Nitin Castings Business Description

Traded in Other Exchanges
N/A
Address
Almeida Road, 3rd Floor, Prestige Precinct, Panchpakhadi, Thane (West), Mumbai, MH, IND, 400 601
Nitin Castings Ltd is an Indian based company that operates in an alloy steel castings business. It is involved in the manufacturing of manganese steel, low alloy steel, and chromium steels. The product offered by the group includes Balls for ball valves, Seat rings, Cages, Hydrant valves, Strainer, Grate bars, Chain links, Side plates and locking clits. Geographically, it operates through the region of India and also exports. It derives vast revenue from the sale of products within India.

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