Nitco ltd - will it turnaround?

I came across the stock on conversation with a real estate developer about tile companies. He was talking about the thousands of designs available now and mentioned " But Nitco’s tile designs are the best and unique. Recently they have stopped importing tiles , with manufacturing being done in India itself! "

I was expecting him to talk about kajaria or hr johnson( i hold kajaria. He said johnson is doing fine with its old established name. Kajaria has a limited presence in tn).

Here is the link to nitco 's financials

http://www.screener.in/company/?q=532722&con=1

www.screener.in/company/