Nitin Spinners
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Nitin Spinners share price

Nitin Spinners Ltd.

NSE: NITINSPIN BSE: 532698 SECTOR: Textile - Spinning  49k   222   22

357.20
+1.40 (0.39%)
NSE: 25 Apr 04:03 PM

Price Summary

Today's High

₹ 362

Today's Low

₹ 354.05

52 Week High

₹ 394.6

52 Week Low

₹ 227

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 2008.18 Cr.

Enterprise Value

₹ 2987.49 Cr.

No. of Shares

5.62 Cr.

P/E

15.34

P/B

1.82

Face Value

₹ 10

Div. Yield

0.7 %

Book Value (TTM)

₹  196.77

CASH

₹ 0.43 Cr.

DEBT

₹ 979.73 Cr.

Promoter Holding

56.46 %

EPS (TTM)

₹  23.28

Sales Growth

-10.61%

ROE

17.31 %

ROCE

11.95%

Profit Growth

-49.47 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-10.61%
3 Year18.73%
5 Year16.01%

Profit Growth

1 Year-49.47%
3 Year90.56%
5 Year25.76%

ROE%

1 Year17.31%
3 Year25.22%
5 Year18.96%

ROCE %

1 Year11.95%
3 Year19.77%
5 Year15.41%

Debt/Equity

0.9522

Price to Cash Flow

10.36

Interest Cover Ratio

5.66729826125724

CFO/PAT (5 Yr. Avg.)

1.5160141920221

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.46 0
Dec 2023 56.41 0
Sep 2023 56.41 0
Jun 2023 56.41 0
Mar 2023 56.41 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 90.5598451028732% for the Past 3 years.
  • The company has shown a good revenue growth of 18.7265658488808% for the Past 3 years.
  • Company has been maintaining healthy ROE of 25.218664663372% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 87.9187232340987 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.5160141920221.
  • The company has a high promoter holding of 56.46%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.30311241492263.

 Limitations

  • Tax rate is low at 6.2911158493248.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 537.2 654.8 617.12 737.4 750.43
Total Expenditure 477.07 583.83 541.02 655.42 647.69
Operating Profit 60.13 70.96 76.1 81.98 102.73
Other Income 0.29 1.36 1.01 0.33 0.3
Interest 7.41 10.28 15.12 15.19 25.16
Depreciation 21.82 21.3 23.03 24.41 34.78
Exceptional Items 0 0 0 0 0
Profit Before Tax 31.18 40.74 38.96 42.7 43.09
Tax -0.4 2.21 10.06 11 11.34
Profit After Tax 31.58 38.54 28.9 31.7 31.75
Adjusted EPS (Rs) 5.62 6.85 5.14 5.64 5.65

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1242.51 1438.06 1624.41 2692.32 2406.71
Total Expenditure 1064.44 1268.29 1367.15 2040.7 2109.65
Operating Profit 178.07 169.77 257.26 651.62 297.06
Other Income 2.77 2.13 1.9 1.84 3.31
Interest 28.9 55.56 61.61 55.34 37.68
Depreciation 54.64 80.7 91.03 87.4 86.81
Exceptional Items 0 0 0 -4.54 0
Profit Before Tax 97.3 35.64 106.52 506.17 175.88
Tax 33.19 11.83 37.65 180.03 11.06
Net Profit 64.11 23.82 68.87 326.14 164.81
Adjusted EPS (Rs.) 11.4 4.24 12.25 58.01 29.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 56.22 56.22 56.22 56.22 56.22
Total Reserves 426.31 437.81 507.13 819.59 972.68
Borrowings 618.74 676.33 563.89 407.19 561.15
Other N/C liabilities 41.53 49.98 73.22 130.06 97.76
Current liabilities 293.48 424.91 475.86 411.31 530.18
Total Liabilities 1436.28 1645.26 1676.32 1824.37 2217.98
Assets
Net Block 523.56 1139.61 1059.73 1011.87 1011.09
Capital WIP 468.2 0 1.57 0.08 340.26
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 22.88 14.84 10.43 57.24 70
Other N/C Assets 0.5 1.63 1.25 0.9 0.64
Current Assets 421.14 489.18 603.35 754.27 795.99
Total Assets 1436.28 1645.26 1676.32 1824.37 2217.98
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 97.3 35.64 106.52 510.72 175.88
Adjustment 83.87 136.39 153.48 146.02 126.58
Changes in Assets & Liabilities -58.55 -63.72 -89.04 -123.44 -55.52
Tax Paid -18.9 -10.13 -16.09 -101.86 -53.17
Operating Cash Flow 103.73 98.19 154.87 431.43 193.76
Investing Cash Flow -483.4 -216.72 -11.22 -85.9 -433.4
Financing Cash Flow 382.32 115.9 -143.75 -345.29 239.45
Net Cash Flow 2.65 -2.63 -0.1 0.24 -0.19

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 56.41 56.41 56.41 56.41 56.46
dinesh nolkha 2.05 2.05 2.05 2.05 2.07
dinesh nolkha huf 0.64 0.64 0.64 0.64 0.64
krishna nolkha 0.48 0.48 0.48 0.48 0.48
nitin nolakha 3.29 3.29 3.29 3.29 3.29
nitin nolakha huf 0.36 0.36 0.36 0.36 0.36
pratyush nolakha 0.46 0.46 0.46 0.46 0.46
ranjeeta nolakha 0.34 0.34 0.34 0.34 0.34
ratan lal nolkha huf 2.93 2.93 2.93 2.93 2.94
redial trading and invest... 31.97 31.97 31.97 31.97 32.00
sushila devi nolkha 2.93 2.93 13.87 13.87 13.87
ratan lal nolkha 10.94 10.94 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.59 43.59 43.59 43.59 43.54
ajay kumar aggarwal - - 1.00 1.00 1.00
bandhan small cap fund - - - 2.85 3.37
hsbc small cap fund 2.32 2.32 2.32 2.32 2.32
investor education and pr... 0.09 - - 0.11 0.11
mahindra manulife multi c... - - - 2.92 2.92
quant mutual fund qunat s... - - - 4.86 4.86
bandhan emerging business... - - 1.72 - -
dolly khanna 1.33 1.36 1.17 - -
investor education and pr... - 0.09 0.09 - -
mahindra manulife small c... - - 2.11 - -
qunat mutual fund quant s... - - 4.86 - -
bandhan emerging business... - 1.17 - - -
quant mutual fund-quant s... - 4.86 - - -
quant mutual fund-quant s... 3.09 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ1FY23 18 Aug 2022
  • PresentationQ4FY21 11 May 2021
  • PresentationQ3FY22 11 Feb 2022
  • PresentationQ3FY21 17 Mar 2021
  • PresentationQ2FY22 16 Nov 2021
  • PresentationQ1FY22 6 Aug 2021

Company News

Nitin Spinners informs about analyst meet 11 Mar 2024, 2:50PM Nitin Spinners submits analyst meet intimation17 Feb 2024, 11:37AM Nitin Spinners - Quaterly Results29 Jan 2024, 2:04PM Nitin Spinners - Quaterly Results29 Jan 2024, 2:04PM Nitin Spinners - Quaterly Results29 Jan 2024, 2:04PM Nitin Spinners informs about conference call 19 Jan 2024, 1:05PM Nitin Spinners informs about trading window closure30 Dec 2023, 11:33AM Nitin Spinners informs about press release2 Dec 2023, 3:10PM Nitin Spinners - Quaterly Results9 Nov 2023, 2:07PM Nitin Spinners informs about resignation by senior management personnel25 Oct 2023, 3:03PM Nitin Spinners informs about outcome of AGM18 Sep 2023, 5:07PM Nitin Spinners informs about newspaper publication7 Aug 2023, 4:20PM Nitin Spinners informs about postponement of investors conference7 Aug 2023, 12:15PM Nitin Spinners informs about investors presentation7 Aug 2023, 12:14PM Nitin Spinners - Quaterly Results5 Aug 2023, 3:07PM Nitin Spinners - Quaterly Results5 Aug 2023, 3:07PM Nitin Spinners - Quaterly Results5 Aug 2023, 3:07PM Nitin Spinners submits analyst meet intimation21 Jun 2023, 4:47PM Nitin Spinners informs about analyst meet19 Jun 2023, 2:16PM Nitin Spinners informs about investors presentation8 May 2023, 2:17PM Nitin Spinners informs about newspaper publication 8 May 2023, 11:23AM Nitin Spinners - Quaterly Results6 May 2023, 3:22PM Nitin Spinners - Quaterly Results6 May 2023, 3:22PM Nitin Spinners - Quaterly Results6 May 2023, 3:22PM Nitin Spinners informs about updates26 Apr 2023, 2:40PM Nitin Spinners informs about compliance certificate4 Apr 2023, 2:15PM Nitin Spinners informs about audio recording4 Feb 2023, 3:52PM Nitin Spinners informs about audio recording of earnings call 4 Feb 2023, 10:26AM Nitin Spinners informs about investor presentation3 Feb 2023, 5:29PM Nitin Spinners informs about newspaper publication3 Feb 2023, 4:25PM Nitin Spinners - Quaterly Results2 Feb 2023, 1:20PM Nitin Spinners - Quaterly Results2 Feb 2023, 1:20PM Nitin Spinners - Quaterly Results2 Feb 2023, 1:20PM Nitin Spinners informs about newspaper publication9 Nov 2022, 3:01PM Nitin Spinners - Quaterly Results8 Nov 2022, 1:12PM Nitin Spinners - Quaterly Results8 Nov 2022, 1:12PM Nitin Spinners - Quaterly Results8 Nov 2022, 1:12PM Nitin Spinners informs about newspaper publication9 Aug 2022, 11:40AM Nitin Spinners informs about investor presentation8 Aug 2022, 1:58PM Nitin Spinners informs about newspapers publication 8 Aug 2022, 12:16PM Nitin Spinners - Quaterly Results6 Aug 2022, 2:17PM Nitin Spinners - Quaterly Results6 Aug 2022, 2:17PM Nitin Spinners - Quaterly Results6 Aug 2022, 2:17PM Nitin Spinners informs about press release6 Jul 2022, 3:23PM Nitin Spinners - Quaterly Results12 May 2022, 2:08PM Nitin Spinners - Quaterly Results12 May 2022, 2:08PM Nitin Spinners - Quaterly Results12 May 2022, 2:08PM Nitin Spinners informs about analyst meet10 Mar 2022, 2:11PM Nitin Spinners informs about newspaper publication4 Feb 2022, 1:07PM Nitin Spinners - Quaterly Results3 Feb 2022, 1:31PM

Nitin Spinners Stock Price Analysis and Quick Research Report. Is Nitin Spinners an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Nitin Spinners has a PE ratio of 15.3436426116838 which is high and comparatively overvalued .

  • Share Price: - The current share price of Nitin Spinners is Rs 357.2. One can use valuation calculators of ticker to know if Nitin Spinners share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Nitin Spinners has ROA of 8.15418905781998 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Nitin Spinners has a Current ratio of 1.50136934987568 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Nitin Spinners has a ROE of 17.3055913396914 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Nitin Spinners has a D/E ratio of 0.9522 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Nitin Spinners has an Inventory turnover ratio of 5.35815303583397 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Nitin Spinners has reported revenue growth of -10.6083298577029 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Nitin Spinners for the current financial year is 12.3428631166381 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Nitin Spinners is Rs 2.5 and the yield is 0.7029 %.

Last Updated on:
Brief about Nitin Spinners

Nitin Spinners Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Nitin Spinners Ltd. is a renowned textile company that specializes in manufacturing high-quality yarn and fabrics. With its headquarters located in Rajasthan, India, the company has built a strong reputation for its commitment to innovation, sustainability, and customer satisfaction. Nitin Spinners Ltd. has a diverse product range that caters to various industries, including garments, home textiles, and technical textiles.

Nitin Spinners Ltd. - Share Price

The share price of Nitin Spinners Ltd. reflects the market value of the company's stock. It is a key indicator for investors to assess the company's performance and potential returns on investment. Our website provides real-time updates on Nitin Spinners Ltd.'s share price, allowing investors to make informed decisions.

Nitin Spinners Ltd. - Balance Sheet

The balance sheet is a financial statement that provides a snapshot of a company's financial position at a given point in time. It showcases the company's assets, liabilities, and shareholders' equity. Our website offers Nitin Spinners Ltd.'s balance sheet as a downloadable resource, enabling investors to delve deeper into the company's financial health and stability. Additionally, our premium features include tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to help investors calculate the fair value of the company's stock.

Nitin Spinners Ltd. - Annual Report

The annual report provides a comprehensive overview of a company's performance, strategies, and outlook. It also includes audited financial statements, management discussion and analysis, and other relevant information. Nitin Spinners Ltd.'s annual reports can be accessed on our website, offering valuable insights into the company's operations, growth trajectory, and future prospects.

Nitin Spinners Ltd. - Dividend

Dividends are payments made by a company to its shareholders as a share of its profits. Nitin Spinners Ltd. has a consistent track record of rewarding its shareholders through regular dividend payouts. Our website keeps investors updated on the company's dividend announcements and payment history.

Nitin Spinners Ltd. - Quarterly Result

The quarterly result highlights a company's financial performance over a three-month period. It includes key financial metrics, such as revenue, net income, and earnings per share. Our website presents Nitin Spinners Ltd.'s quarterly results, allowing investors to monitor the company's growth and profitability over time. Our premium features provide additional tools for a more in-depth analysis of the company's financials.

Nitin Spinners Ltd. - Stock Price

The stock price of Nitin Spinners Ltd. is determined by the market demand and supply dynamics. It represents the value at which the company's shares are bought and sold in the market. Our website provides real-time stock price updates for Nitin Spinners Ltd., enabling investors to stay informed about the latest market trends.

Nitin Spinners Ltd. - Price Chart

Price charts visually represent the historical movement of a company's stock price over a specific time period. Our website offers interactive price charts for Nitin Spinners Ltd., empowering investors to analyze the stock's performance, identify patterns, and make data-driven decisions.

Nitin Spinners Ltd. - News

Staying updated with the latest news and events related to Nitin Spinners Ltd. is crucial for investors. Our website provides comprehensive news coverage on the company, including industry trends, regulatory changes, and company-specific developments. Investors can access this information to gain a well-rounded perspective on Nitin Spinners Ltd.'s market position and future prospects.

Nitin Spinners Ltd. - Concall Transcripts

Concall transcripts provide detailed records of the discussions held during company conference calls with analysts. These transcripts offer valuable insights into Nitin Spinners Ltd.'s management views, industry outlook, and financial performance. Our website offers downloadable concall transcripts, enabling investors to delve deeper into the company's strategies and outlook.

Nitin Spinners Ltd. - Investor Presentations

Investor presentations are an effective medium for companies to communicate their growth strategies, financial performance, and future outlook to investors. Nitin Spinners Ltd. regularly conducts investor presentations to provide transparency and engagement. Our website offers downloadable investor presentations for investors to gain a deeper understanding of the company's operations and investment prospects.

Nitin Spinners Ltd. - Promoters

Promoters play a critical role in the management and ownership of a company. Nitin Spinners Ltd. has a strong team of experienced and dedicated promoters who have contributed significantly to the company's growth and success. Their long-term vision and strategic direction have been instrumental in positioning Nitin Spinners Ltd. as a leading player in the textile industry.

Nitin Spinners Ltd. - Shareholders

Shareholders are individuals or institutions that own shares in a company. They have a vested interest in the company's performance and value. Nitin Spinners Ltd. has a diverse base of shareholders, including both institutional and retail investors. Our website provides information on the company's major shareholders, allowing investors to gauge market sentiment and ownership patterns.

We invite long-term stock investors to explore our website and leverage our pre-built screening tools, downloadable resources such as annual reports, concall transcripts, investor presentations, credit ratings, and research reports. Additionally, our premium features offer advanced tools for fair value calculation, including DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. Stay informed, empowered, and make well-informed investment decisions with Nitin Spinners Ltd.

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