Nikita Greentech Recycling (NSE:NIKITA) Inventory Turnover: 2.30 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:NIKITA Nikita Greentech Recycling Ltd NSE:NIKITA
13 GF Score
Price ₹76.20
! 6 Warning Signs
View Full Analysis

What is Nikita Greentech Recycling Inventory Turnover?

Nikita Greentech Recycling NSE:NIKITA 13 Inventory Turnover is 2.30 as of Mar. 2026. GuruFocus rates NSE:NIKITA with a GF Score™ of 13/100. The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Nikita Greentech Recycling's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹1,179 Mil. Nikita Greentech Recycling's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹512 Mil. Nikita Greentech Recycling's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nikita Greentech Recycling's Days Inventory for the six months ended in Mar. 2026 was 79.20.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Nikita Greentech Recycling's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.30.

Nikita Greentech Recycling  (NSE:NIKITA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nikita Greentech Recycling's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=511.7695/1179.207*365 / 2
=79.20

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Nikita Greentech Recycling's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=511.7695 / 1717.164
=0.30

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Nikita Greentech Recycling Inventory Turnover Related Terms

Nikita Greentech Recycling Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Nikita Greentech Recycling's Inventory Turnover 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.

Nikita Greentech Recycling Inventory Turnover Chart

Nikita Greentech Recycling Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
6.56 7.26 5.64 5.92 4.94

Nikita Greentech Recycling Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Inventory Turnover Get a 7-Day Free Trial 0.00 2.68 0.00 2.39 2.30
NSE:NIKITA
13GF Score
Nikita Greentech Recycling Ltd NSE:NIKITA
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikita Greentech Recycling Inventory Turnover Calculation

Nikita Greentech Recycling's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=2442.402 / ((0 + 494.913) / 1 )
=2442.402 / 494.913
=4.94

Nikita Greentech Recycling's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=1179.207 / ((528.626 + 494.913) / 2 )
=1179.207 / 511.7695
=2.30

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.30 mean?
Nikita Greentech Recycling (NSE:NIKITA) has a Inventory Turnover of 2.30 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nikita Greentech Recycling and its competitors.
Is Nikita Greentech Recycling's Inventory Turnover too high?
Nikita Greentech Recycling's current Inventory Turnover is 2.30. Overall, Nikita Greentech Recycling has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Nikita Greentech Recycling's Inventory Turnover compare to competitors?
Nikita Greentech Recycling's Inventory Turnover of 2.30 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Forest Products company?
A good Inventory Turnover depends on the Forest Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nikita Greentech Recycling and its competitors. Nikita Greentech Recycling's current Inventory Turnover is 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikita Greentech Recycling stock overvalued right now?
Nikita Greentech Recycling (NSE:NIKITA) has a current Inventory Turnover of 2.30. The current Inventory Turnover is 2.30. Nikita Greentech Recycling's overall GF Score™ is 13/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Nikita Greentech Recycling (NSE:NIKITA), the current Inventory Turnover is 2.30 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.

Nikita Greentech Recycling Business Description

Address Industrial Estate Panipat Road, C-10, Shamli, Muzaffarnagar, UP, IND, 247776
Nikita Greentech Recycling Ltd, formerly Nikita Papers Ltd is a manufacturers of recycled kraft paper. It is manufacturing Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) ranges. The company has only one segment: Business of Kraft Paper Manufacturing.
13GF Score

Get the complete analysis for NSE:NIKITA

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

₹76.20
Price