---
title: "Nitta Gelatin India Ltd (NITTAGELA) — Share Price, Financials & Analysis"
symbol: "506532"
company: "Nitta Gelatin India Ltd"
canonical: "https://tapetide.com/stocks/506532"
isin: "INE265B01019"
nse_symbol: "NITTAGELA"
bse_code: "506532"
sector: "Chemicals"
industry: "Specialty Chemicals"
market_cap_cr: 1489.62
generated_at: "2026-10-15T11:20:42.875Z"
---

# Nitta Gelatin India Ltd (NITTAGELA)

Canonical page: https://tapetide.com/stocks/506532

## Company

- **NSE Symbol:** NITTAGELA
- **BSE Code:** 506532
- **ISIN:** INE265B01019
- **Sector:** Chemicals
- **Industry:** Specialty Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2026-04-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gelatin.in

## About

Incorporated in 1975, Nitta Gelatin India Ltd manufactures and sells ossein, gelatin, and collagen peptide[1]

## Latest Price

- **Price:** ₹1640.7
- **Change:** -5.6 (-0.34%)
- **Open:** ₹1640.3
- **Day High:** ₹1671.7
- **Day Low:** ₹1640
- **Previous Close:** ₹1646.3
- **Volume:** 2242
- **As Of:** 2026-10-15T10:01:45+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:31:45+05:30.

Observed at 2026-10-15T04:45:00.979910Z.

- **Market Cap:** ₹1489.62 Cr
- **Classification:** Microcap
- **P/E (TTM):** 12.8
- **EPS (TTM):** ₹128.2
- **Book Value:** ₹552.21
- **Price to Book:** 2.97
- **Dividend Yield:** 0.43%
- **ROE:** 19.06%
- **ROCE:** 25.66%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹601 Cr
- **Net Income:** ₹98.2 Cr
- **EBITDA:** ₹149.1 Cr
- **52-Week High:** ₹2087.2
- **52-Week Low:** ₹765.05
- **RSI (14):** 43.95

## Tapetide Score

- **Score:** 71 / 100
- **Score date:** 2026-10-14
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 99.7 (of 4490 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.38 | 9% |
| growth | 50 | 9% |
| momentum | 93 | 12% |
| ownership | 59.64 | 24% |
| quality | 86.53 | 22% |
| valuation | 60.93 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 43.9% CAGR over last 5 years

### Weaknesses

- The company has delivered a poor sales growth of 10.7% over past five years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 62.39% | 30.24% | 616.32% |
| ebitda margin growth | -24.3% | 15.93% | 0.77% | 85.43% |
| net income growth | -26.1% | 15.8% | 23% | 44% |
| revenue growth | -13.27% | 12% | 7% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 123 | 118 | 115 | 131 | 132 | 135 | 129 | 139 | 138 | 150 | 162 | 141 |
| Expenses | 97 | 91 | 93 | 104 | 107 | 108 | 106 | 111 | 112 | 112 | 116 | 106 |
| Operating Profit | 27 | 27 | 22 | 28 | 25 | 27 | 23 | 27 | 26 | 38 | 45 | 34 |
| OPM % | 22 | 23 | 19 | 21 | 19 | 20 | 18 | 20 | 19 | 25 | 28 | 24 |
| Other Income | 9 | 0 | 5 | 2 | 4 | 9 | 6 | 2 | 11 | 7 | 5 | 4 |
| Interest | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 32 | 23 | 22 | 26 | 26 | 32 | 26 | 26 | 33 | 41 | 46 | 34 |
| Tax % | 21 | 29 | 26 | 26 | 25 | 25 | 25 | 25 | 20 | 23 | 26 | 26 |
| Net Profit | 25 | 17 | 16 | 19 | 20 | 24 | 19 | 19 | 26 | 31 | 34 | 25 |
| EPS in Rs | 27.63 | 18.29 | 17.94 | 21.19 | 21.51 | 26.73 | 21.11 | 21.35 | 28.79 | 34.21 | 37.46 | 27.74 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 343 | 261 | 294 | 354 | 429 | 487 | 473 | 527 | 588 | 590 |
| Expenses | 316 | 243 | 268 | 314 | 378 | 397 | 363 | 424 | 451 | 447 |
| Operating Profit | 27 | 18 | 27 | 40 | 51 | 90 | 110 | 104 | 137 | 143 |
| OPM % | 8 | 7 | 9 | 11 | 12 | 18 | 23 | 20 | 23 | 24 |
| Other Income | 5 | 1 | 3 | 5 | 6 | 5 | 17 | 22 | 26 | 27 |
| Interest | 7 | 8 | 8 | 5 | 5 | 4 | 3 | 3 | 2 | 1 |
| Depreciation | 14 | 14 | 15 | 15 | 14 | 13 | 14 | 13 | 15 | 16 |
| Profit before tax | 11 | -4 | 7 | 24 | 38 | 78 | 110 | 110 | 146 | 153 |
| Tax % | 65 | -28 | -15 | 26 | 29 | 25 | 25 | 25 | 24 | — |
| Net Profit | 4 | -3 | 8 | 18 | 27 | 59 | 82 | 82 | 111 | 116 |
| EPS in Rs | 4.16 | -2.91 | 8.7 | 19.72 | 29.3 | 64.72 | 90.86 | 90.55 | 121.81 | 128.2 |
| Dividend Payout % | 60 | -52 | 29 | 15 | 14 | 12 | 7 | 9 | 6 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 130 | 138 | 133 | 134 | 154 | 176 | 231 | 307 | 383 | 486 |
| Borrowings | 84 | 104 | 101 | 79 | 75 | 80 | 33 | 27 | 45 | 9 |
| Other Liabilities | 48 | 55 | 51 | 53 | 49 | 51 | 53 | 57 | 54 | 66 |
| Total Liabilities | 271 | 305 | 295 | 276 | 287 | 316 | 326 | 400 | 492 | 570 |
| Fixed Assets | 77 | 110 | 126 | 116 | 108 | 102 | 109 | 106 | 111 | 148 |
| CWIP | 11 | 10 | 3 | 4 | 2 | 7 | 7 | 8 | 19 | 15 |
| Investments | 27 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Other Assets | 157 | 181 | 161 | 151 | 172 | 202 | 206 | 281 | 357 | 403 |
| Total Assets | 271 | 305 | 295 | 276 | 287 | 316 | 326 | 400 | 492 | 570 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | 26 | 28 | 33 | 15 | 13 | 78 | 79 | 61 | 125 |
| Cash from Investing Activity | -3 | -7 | -13 | -7 | -3 | -11 | -15 | -44 | 2 | -176 |
| Cash from Financing Activity | -6 | -20 | -14 | -29 | -12 | -2 | -53 | -15 | 11 | -45 |
| Net Cash Flow | 2 | 0 | 1 | -3 | 0 | -1 | 10 | 20 | 74 | -96 |
| Free Cash Flow | -4 | 12 | 12 | 24 | 8 | -1 | 58 | 67 | 37 | 73 |
| CFO/OP | 51 | 138 | 165 | 133 | 49 | 26 | 109 | 97 | 83 | 115 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 56 | 65 | 74 | 34 | 57 | 65 | 59 | 60 | 66 | 61 |
| Inventory Days | 127 | 151 | 202 | 220 | 161 | 148 | 133 | 164 | 138 | 120 |
| Days Payable | 37 | 56 | 67 | 58 | 46 | 30 | 45 | 53 | 38 | 54 |
| Cash Conversion Cycle | 147 | 160 | 210 | 196 | 172 | 182 | 148 | 171 | 165 | 127 |
| Working Capital Days | 35 | 29 | 18 | 18 | 50 | 52 | 72 | 82 | 75 | 84 |
| ROCE % | 17 | 7 | 2 | 6 | 13 | 17 | 31 | 37 | 26 | 31 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% | 74.48% |
| FIIs | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.05% | 0.06% |
| DIIs | 0.11% | 0.11% | 0.11% | 0.11% | 0.08% | 0.09% | 0.35% | 0.64% | 0.74% | 0.92% | 0.95% | 0.98% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.79% | 21.87% | 21.47% | 21.54% | 21.54% | 21.44% | 21.1% | 20.75% | 20.52% | 20.28% | 20.12% | 20.02% |
| Others | 3.61% | 3.53% | 3.92% | 3.87% | 3.9% | 3.99% | 4.06% | 4.13% | 4.25% | 4.31% | 4.4% | 4.45% |
| No. of Shareholders | 11028 | 11573 | 11783 | 12229 | 12239 | 12078 | 11574 | 11248 | 10881 | 10551 | 11205 | 11739 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 5 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1658.3 | Sell |
| EMA (10) | 1659.42 | Sell |
| SMA (20) | 1689.7 | Sell |
| EMA (20) | 1668.59 | Sell |
| SMA (50) | 1651.66 | Sell |
| EMA (50) | 1665.67 | Sell |
| SMA (100) | 1685.02 | Sell |
| EMA (100) | 1583.3 | Buy |
| SMA (200) | 1286.74 | Buy |
| EMA (200) | 1390.61 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.94 | Neutral |
| MACD (12,26,9) | -8.08 | Sell |
| Stochastic (14,3,3) | 16.84 | Buy |
| ADX (14) | 19.59 | Neutral |
| Williams %R (14) | -79.88 | Neutral |
| ATR (14) | 66.56 | High Volatility |
| ROC (12) | -3.15 | Sell |
| Stoch RSI (14) | 10.36 | Buy |
| UO (7,14,28) | 39.1 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bb21861-c82b-42bd-858f-016135781ba2.pdf) |
| 2026-05-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4bb21861-c82b-42bd-858f-016135781ba2.pdf) |
| 2026-05-02 | [Results- Financial Results For The Quarter And Financial Year Ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/261c6a88-272d-4c33-8b01-2a0a0af1a589.pdf) |
| 2026-05-02 | [Announcement Under Regulation 30 LODR- Re- Appointment Of Senior Management Personnel](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1bebbda-6782-48df-82e6-37af455fc275.pdf) |
| 2026-05-02 | [Results- Financial Results For The Quarter And Financial Year Ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/261c6a88-272d-4c33-8b01-2a0a0af1a589.pdf) |
| 2026-05-02 | [Announcement Under Regulation 30 LODR- Re- Appointment Of Senior Management Personnel](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1bebbda-6782-48df-82e6-37af455fc275.pdf) |
| 2026-04-14 | [Board Meeting Intimation for Considering And Approving Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended 31.03.2026 And Recommendation Of Dividend, If Any.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c98fb5b6-e5e3-48c2-8e1b-65cbc1e2d191.pdf) |
| 2026-04-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0220f2f-5c07-4495-a85d-36f905e1e5be.pdf) |
| 2026-03-25 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97344b7d-9168-440e-b5fe-ae8e367d1f50.pdf) |
| 2026-02-28 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dea2795c-15d0-4d66-bfb0-8c61fb5b1b63.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6f67ed8-dd14-4eaa-b4ac-14401a18aae0.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9bfa531-b61f-490c-8037-b256148597c0.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98512d6d-1990-4e97-acf0-763fb4397c31.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1c8a8e7-19c3-4a3e-b3d7-41fee22d0976.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f1fa329-ad68-46b4-88ae-db4721221259.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/803818a8-319d-4c19-9923-a78dfa478881.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/506532/73675506532_30_07_22.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/506532/68806506532.pdf) |
| Mar 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/506532/5065320320.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/506532/5065320319.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-17 | Credit rating update — CRISIL |
| 2024-08-20 | Credit rating update — CRISIL |
| 2024-05-22 | Credit rating update — CRISIL |
| 2024-03-26 | Credit rating update — CRISIL |
| 2023-09-01 | Credit rating update — CRISIL |
| 2022-06-29 | Credit rating update — CRISIL |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-14 | [Board Meeting Intimation for Considering And Approving Inter-Alia The Un- Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended 30.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7bcdbf35-17ed-42a5-b6f0-7334770fab10.pdf) |
| 2026-10-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b011df59-9876-4a58-8e86-a2503d6d6498.pdf) |
| 2026-09-29 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b4b2511-ae28-4637-bd18-5bc414ea5c7a.pdf) |
| 2026-09-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3f180e6-28b1-4db2-b7e7-9926fc11dcb8.pdf) |
| 2026-09-23 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18d08abf-a99d-42a6-baae-454b0fa89063.pdf) |
| 2026-09-09 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75f56766-7abe-4124-90ea-25ad54c7fafe.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c23f9447-1657-4020-b339-5880162fbf60.pdf) |
| 2026-08-06 | [Postal Ballot Notice](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27a37778-026e-4834-8fef-2467739a2de1.pdf) |
| 2026-08-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=106c4247-52a9-4546-bff4-fcf8c80e5c20.pdf) |
| 2026-08-03 | [50Th Annual General Meeting- Revised Proceedings](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f216b21-8ad1-4f49-a29d-15e600680918.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-31 | [Results- Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=005a13c5-3dd9-4877-b8e0-d1ffcf28bdbe.pdf) |
| 2026-05-02 | [Results- Financial Results For The Quarter And Financial Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=261c6a88-272d-4c33-8b01-2a0a0af1a589.pdf) |
| 2025-08-01 | [Results- Un-Audited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ee074bb-ff34-4da7-b72c-265933213811.pdf) |
| 2025-05-02 | [Results- Financial Results (31.03.2025)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=336adfb8-e86f-4af2-813d-5a858f8f59aa.pdf) |
| 2024-05-10 | [Financial Results Standlaone And Consolidated For The Year Ended 31St March 2024 And Recommendation For Payment Of Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81ed1aae-be95-498b-981c-4de15a325fac.pdf) |
| 2024-05-10 | [Statement On Impact Of Audit Qualification (Consolidated)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97a607f7-29d2-43c6-a1e3-ffd2a83a40bc.pdf) |
| 2024-02-08 | [Results- Un- Audited Financial Results For The Quarter And Nine Months Ended 31.12.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=faf44e3a-ad1a-4edf-bda7-092898809ac4.pdf) |
| 2023-11-10 | [Board Meeting Outcome for Un- Audited Financial Results Of The Company For The Quarter And Half Year Ended 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ebf9095-159c-434f-a200-8e182b92dd68.pdf) |
| 2023-08-04 | [Board Meeting Outcome for Outcome Of Board Meeting- Un- Audited Financial Results- 30.06.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80c037e7-e5d4-45ed-a041-0004391eee5b.pdf) |
| 2023-05-08 | [Results- Financial Results- 31.03.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a78c12a-8dd4-4e9c-879a-8c541f73bbf2.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T11:20:42.875Z.