Nitin Spinners Ltd.

NSE: NITINSPIN BSE: 532698 SECTOR: Textile - Spinning  22k   123   18

202.50
+3.25 (1.63%)
NSE: Today, 04:09 PM

Price Summary

Today's High

₹ 203.85

Today's Low

₹ 199.85

52 Week High

₹ 345

52 Week Low

₹ 181.9

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1138.46 Cr.

Enterprise Value

2099.24 Cr.

No. of Shares

5.62 Cr.

P/E

3.43

P/B

1.21

Face Value

₹ 10

Div. Yield

1.97 %

Book Value (TTM)

₹  167.45

CASH

0.85 Cr.

DEBT

961.63 Cr.

Promoter Holding

56.36 %

EPS (TTM)

₹  59

Sales Growth

12.96%

ROE

13.03 %

ROCE

10.99%

Profit Growth

189.17 %

* 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.
* 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

View Full Peer Comparison
* 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 Year12.96%
3 Year12.36%
5 Year16.2%

Profit Growth

1 Year189.17%
3 Year9.55%
5 Year9.29%

ROE%

1 Year13.03%
3 Year10.72%
5 Year14.39%

ROCE %

1 Year10.99%
3 Year9.59%
5 Year10.79%

Debt/Equity

1.707

Price to Cash Flow

7.35

Interest Cover Ratio

2.72899876799914

CFO/PAT (5 Yr. Avg.)

1.78830832378162

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 56.36 0
Mar 2022 56.25 0
Dec 2021 56.25 0
Sep 2021 56.17 0
Jun 2021 56.17 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.0181430514443368.
  • The company has an efficient Cash Conversion Cycle of 86.4731861804324 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.78830832378162.
  • The company has a high promoter holding of 56.25%.

 Limitations

  • The company has shown a poor profit growth of 9.54920197050826% for the Past 3 years.
  • The company has shown a poor revenue growth of 12.3568735448357% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 553.64 664.67 704.94 769.07 708.83
Total Expenditure 425.04 487.21 526.84 601.62 599.89
Operating Profit 128.61 177.46 178.11 167.45 108.94
Other Income 0.22 0.66 0.44 0.52 0.82
Interest 13.7 14.16 13.47 14.01 11.46
Depreciation 22.25 21.8 21.85 21.51 21.78
Exceptional Items 0 -4.54 0 0 0
Profit Before Tax 92.89 137.61 143.23 132.44 76.53
Tax 32.88 50.22 49.97 46.97 10.94
Profit After Tax 60.01 87.39 93.26 85.47 65.58
Adjusted EPS (Rs) 10.67 15.54 16.59 15.2 11.67

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 933.38 1145.24 1242.51 1438.06 1624.41
Total Expenditure 799.92 990.33 1064.44 1268.29 1367.15
Operating Profit 133.46 154.92 178.07 169.77 257.26
Other Income 0.79 2.26 2.77 2.13 1.9
Interest 22.27 29.55 28.9 55.56 61.61
Depreciation 41.66 56.19 54.64 80.7 91.03
Exceptional Items 0 0 0 0 0
Profit Before Tax 70.32 71.44 97.3 35.64 106.52
Tax 12.97 19.05 33.19 11.83 37.65
Net Profit 57.35 52.39 64.11 23.82 68.87
Adjusted EPS (Rs.) 12.51 9.43 11.4 4.24 12.25

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 45.83 55.55 56.22 56.22 56.22
Total Reserves 218.45 361.28 426.31 437.81 507.13
Borrowings 389.41 310.5 618.74 676.33 563.89
Other N/C liabilities 21.43 25.76 41.53 49.98 73.22
Current liabilities 210.1 175.5 293.48 424.91 475.86
Total Liabilities 885.22 928.59 1436.28 1645.26 1676.32
Assets
Net Block 613.49 569.8 523.56 1139.61 1059.73
Capital WIP 0 4.25 468.2 0 1.57
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 3.14 7.44 22.88 14.84 10.43
Other N/C Assets 0.8 0.66 0.5 1.63 1.25
Current Assets 267.78 346.44 421.14 489.18 603.35
Total Assets 885.22 928.59 1436.28 1645.26 1676.32
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 70.32 71.44 97.3 35.64 106.52
Adjustment 63.6 86.35 83.87 136.39 153.48
Changes in Assets & Liabilities -64.86 -76.39 -58.55 -63.72 -89.04
Tax Paid -15.5 -15.11 -18.9 -10.13 -16.09
Operating Cash Flow 53.56 66.29 103.73 98.19 154.87
Investing Cash Flow -241.29 -20.14 -483.4 -216.72 -11.22
Financing Cash Flow 188.38 -47.18 382.32 115.9 -143.75
Net Cash Flow 0.65 -1.02 2.65 -2.63 -0.1

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 56.17 56.17 56.25 56.25 56.36
redial trading and... - - - - -
redial trading & i... 31.53 31.00 - - -
redial trading and... - - 31.00 30.34 30.16
ratan lal nolkha 10.89 10.17 10.17 10.05 10.29
nitin nolakha 3.28 3.19 3.19 3.10 3.23
sushila devi nol... 2.93 2.93 2.93 2.99 2.97
ratan lal nolkha h... - - - - -
ratan lal nolkha h... 2.90 2.62 2.62 2.67 2.66
dinesh nolkha 2.05 2.05 2.05 1.94 2.08
dinesh nolkha huf 0.63 0.63 0.63 0.64 0.64
dinesh nolkha huf ... - - - - -
krishna nolkha 0.47 0.47 0.47 0.48 0.48
pratyush nolkha 0.45 0.45 0.45 0.46 0.46
nitin nolakha huf ... - - - - -
nitin nolakha huf 0.36 0.36 0.36 0.36 0.36
ranjeeta nolakha 0.32 0.32 0.32 0.33 0.32
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 43.83 43.83 43.75 43.75 43.64
aditya birla sun l... 6.22 5.28 - - -
l&t mutual fund tr... 4.97 4.92 4.92 4.58 4.98
l & t mutual fund ... - - - - -
aditya birla sun l... - - 4.79 3.94 4.33
idfc sterling valu... 4.31 4.02 - - -
idfc sterling equi... - - 3.42 2.95 3.40
dolly khanna - - - 1.13 1.06
edelweiss tokio li... - 1.55 1.55 1.57 1.56
ashish bharatkumar... - - - 1.22 -

Annual Reports

Ratings & Research Reports

Company Presentations

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

Company News

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 - Quaterly Results3 Feb 2022, 1:31PM Nitin Spinners - Quaterly Results3 Feb 2022, 1:31PM Nitin Spinners informs about record date27 Jan 2022, 9:46AM Nitin Spinners informs about press release31 Dec 2021, 3:56PM Nitin Spinners gets nod for capacity expansion 31 Dec 2021, 2:16PM Nitin Spinners informs about analyst meet11 Nov 2021, 12:58PM Nitin Spinners informs about investor’s presentation10 Nov 2021, 12:36PM Nitin Spinners submits newspaper publication10 Nov 2021, 12:33PM Nitin Spinners informs about conference call8 Nov 2021, 12:42PM Nitin Spinners informs about newspaper cuttings 23 Aug 2021, 4:06PM Nitin Spinners informs about analyst meet 5 Aug 2021, 11:09AM Nitin Spinners bags awards from TEXPROCIL 4 Jun 2021, 10:40AM Nitin Spinners informs about investors presentation10 May 2021, 4:42PM Nitin Spinners submits newspaper advertisement 10 May 2021, 11:08AM Nitin Spinners informs about board meeting 30 Apr 2021, 3:55PM Nitin Spinners informs about investor’s presentation17 Mar 2021, 11:48AM

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 3.43212194964865 which is low and comparatively undervalued .

  • 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 4.14693522273898 % 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 1.26791000598287 .

  • 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 13.0268880451478 % .(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 1.707 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 5.24522705359559 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 12.9584966869627 % 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 15.8370640161407 %.

  • 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 1.5 and the yield is 1.9802 %.

Brief about Nitin Spinners

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