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Nitin CastingsBOM:508875 -4.69%73 PE Ratio without NRI is 24.02 as of Jul. 29, 2026, which is 3% above its 10-year median of 23.43. GuruFocus rates BOM:508875 with a GF Score™ of 73/100 and a GF Value™ of ₹593.49 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,276 Industrial Products companies, Nitin Castings ranks better than 50.62% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-29), Nitin Castings's share price is ₹523.10.
Nitin Castings's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹21.78. Therefore, Nitin Castings's PE Ratio without NRI for today is 24.02.
During the past 13 years, Nitin Castings's highest PE Ratio without NRI was 94.75. The lowest was 8.43. And the median was 23.43.
Nitin Castings Ltd stock PE Ratio (=26.65) is close to 1-year high of 28.65.
During the past years, Nitin Castings's highestPE Ratio (TTM) was 65.34. The lowest was 8.88. And the median was 24.16.
Nitin Castings's
EPS (Diluted) for the
three
months ended in Mar. 2026 was ₹3.41.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹20.68.
Nitin Castings's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹3.41.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹20.68.
Nitin Castings (BOM:508875) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Nitin Castings PE Ratio without NRI Related Terms
Nitin Castings PE Ratio without NRI Historical Data
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The historical data trend for Nitin Castings's PE Ratio without NRI 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.
BOM:508875 vs CRS, ATI, MLI: PE Ratio without NRI Comparison
For the Metal Fabrication subindustry, Nitin Castings's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitin Castings's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Nitin Castings's PE Ratio without NRI falls into.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Nitin Castings's PE Ratio without NRI for today is calculated as
Nitin Castings's Share Price of today is ₹523.10.
Nitin Castings's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹21.78.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Nitin Castings (BOM:508875) has a PE Ratio without NRI of 24.02 as of Jul. 29, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Nitin Castings and its competitors. This is near median its historical median of 23.43. Over the past decade, Nitin Castings' PE Ratio without NRI has ranged from 8.43 to 94.75. According to the industry distribution chart, Nitin Castings ranks #1124 out of 2276 companies in the Industrial Products industry, placing it in the top 49.4%.
Is Nitin Castings' PE Ratio without NRI too high?
Nitin Castings' current PE Ratio without NRI of 24.02 is near median its 10-year median of 23.43. Over the past 10 years, this metric has ranged from a low of 8.43 to a high of 94.75. The Industrial Products industry median PE Ratio without NRI is 25.64. Nitin Castings' value of 24.02 is 6.3% below this industry median. Based on the distribution chart, Nitin Castings ranks #1124 out of 2276 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nitin Castings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Castings' PE Ratio without NRI compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Nitin Castings ranks #1124 out of 2276 companies for PE Ratio without NRI. This puts Nitin Castings in the upper half of its industry. The industry median PE Ratio without NRI is 25.64. Nitin Castings' value of 24.02 is 6.3% below this benchmark. Historically, Nitin Castings' own PE Ratio without NRI has ranged from 8.43 to 94.75 over the past decade. While the company's 10-year median is 23.43 vs. the industry median of 25.64, Nitin Castings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for an Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 25.64, based on 2,276 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitin Castings's current PE Ratio without NRI of 24.02 is 6.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Nitin Castings and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 25.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Castings's current PE Ratio without NRI is 24.02, which is near median its own 10-year median of 23.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Castings stock overvalued right now?
Based on GuruFocus' analysis, Nitin Castings (BOM:508875) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹593.49, compared to a current price of ₹523.10 — trading 11.9% below its estimated fair value. The current PE Ratio without NRI is 24.02, which is near median its 10-year median of 23.43 and 6.3% below the Industrial Products industry median of 25.64. Nitin Castings' overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Nitin Castings (BOM:508875), the current PE Ratio without NRI is 24.02 as of Jul. 29, 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 Nitin Castings (BOM:508875) Overvalued in 2026?
Based on GuruFocus' analysis, Nitin Castings stock appears to be undervalued.
The current stock price of ₹523.10 is trading 11.9% below its estimated GF Value™ of ₹593.49.
GuruFocus considers Nitin Castings to be Modestly Undervalued.
Key valuation signals for BOM:508875:
PE Ratio without NRI: 24.02 (near median its 10-year median of 23.43)
GF Value™: ₹593.49 vs. price of ₹523.10 (11.9% below fair value)
Industry Position: 6.3% below the Industrial Products median (#1124 of 2276)
No single metric tells the full story. See the BOM:508875 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitin Castings Ltd is an Indian based company that operates in the alloy steel castings business. It is involved in the manufacturing of manganese steel, low alloy steel, and chromium steel. The product offered by the group includes balls for ball valves, seat rings, cages, hydrant valves, strainers, grate bars, chain links, side plates, and others. The company operates in a single segment, i.e., Manufacturing of Alloy Steel Castings.
73GF Score
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