Nitin Spinners
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Nitin Spinners share price

Nitin Spinners Ltd.

NSE: NITINSPIN BSE: 532698 SECTOR: Textile - Spinning  61k   234   25

441.80
-12.50 (-2.75%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 455

Today's Low

₹ 435.75

52 Week High

₹ 493.9

52 Week Low

₹ 292.65

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

₹ 2483.8 Cr.

Enterprise Value

₹ 3822.5 Cr.

No. of Shares

5.62 Cr.

P/E

16

P/B

2.04

Face Value

₹ 10

Div. Yield

0.57 %

Book Value (TTM)

₹  216.59

CASH

₹ 0.41 Cr.

DEBT

₹ 1339.11 Cr.

Promoter Holding

56.51 %

EPS (TTM)

₹  27.61

Sales Growth

20.73%

ROE

12.09 %

ROCE

11.61%

Profit Growth

-20.2 %

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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 Year20.73%
3 Year21.39%
5 Year18.52%

Profit Growth

1 Year-20.2%
3 Year24.06%
5 Year15.46%

ROE%

1 Year12.09%
3 Year24.91%
5 Year18.53%

ROCE %

1 Year11.61%
3 Year19.97%
5 Year15.45%

Debt/Equity

1.1682

Price to Cash Flow

15.19

Interest Cover Ratio

3.1312

CFO/PAT (5 Yr. Avg.)

1.45665984530637

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 56.51 0.00
Jun 2024 56.47 0.00
Mar 2024 56.46 0.00
Dec 2023 56.41 0.00
Sep 2023 56.41 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 24.0646145813215% for the Past 3 years.
  • The company has shown a good revenue growth of 21.3895987410015% for the Past 3 years.
  • Company has been maintaining healthy ROE of 24.9071715350923% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 88.1773 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.45665984530637.
  • The company has a high promoter holding of 56.51%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.48946807310512.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 737.4 750.43 800.71 802.97 822.52
Total Expenditure 655.42 647.69 684.47 684.17 707.38
Operating Profit 81.98 102.73 116.25 118.8 115.14
Other Income 0.33 0.3 0.62 1.44 0.67
Interest 15.19 25.16 27.83 26.6 21.74
Depreciation 24.41 34.78 36.25 36.71 37.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 42.7 43.09 52.78 56.92 56.98
Tax 11 11.34 13.61 14.8 14.82
Profit After Tax 31.7 31.75 39.17 42.12 42.16
Adjusted EPS (Rs) 5.64 5.65 6.97 7.49 7.5

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1438.06 1624.41 2692.32 2406.71 2905.65
Total Expenditure 1268.29 1367.15 2040.7 2109.65 2528.59
Operating Profit 169.77 257.26 651.62 297.06 377.06
Other Income 2.13 1.9 1.84 3.31 2.25
Interest 55.56 61.61 55.34 37.68 83.3
Depreciation 80.7 91.03 87.4 86.81 118.47
Exceptional Items 0 0 -4.54 0 0
Profit Before Tax 35.64 106.52 506.17 175.88 177.53
Tax 11.83 37.65 180.03 11.06 46.01
Net Profit 23.82 68.87 326.14 164.81 131.52
Adjusted EPS (Rs.) 4.24 12.25 58.01 29.32 23.39

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 56.22 56.22 56.22 56.22 56.22
Total Reserves 437.81 507.13 819.59 972.68 1090.11
Borrowings 676.33 563.89 407.19 561.15 810.63
Other N/C liabilities 49.98 73.22 130.06 97.76 117.71
Current liabilities 424.91 475.86 411.31 530.18 641.99
Total Liabilities 1645.26 1676.32 1824.37 2217.98 2716.65
Assets
Net Block 1139.61 1059.73 1011.87 1011.09 1708.91
Capital WIP 0 1.57 0.08 340.26 2.44
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 14.84 10.43 57.24 70 17.2
Other N/C Assets 1.63 1.25 0.9 0.64 1.39
Current Assets 489.18 603.35 754.27 795.99 986.72
Total Assets 1645.26 1676.32 1824.37 2217.98 2716.65
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 35.64 106.52 510.72 175.88 177.53
Adjustment 136.39 153.48 146.02 126.58 203.03
Changes in Assets & Liabilities -63.72 -89.04 -123.44 -55.52 -191.58
Tax Paid -10.13 -16.09 -101.86 -53.17 -25.5
Operating Cash Flow 98.19 154.87 431.43 193.76 163.48
Investing Cash Flow -216.72 -11.22 -85.9 -433.4 -425.5
Financing Cash Flow 115.9 -143.75 -345.29 239.45 262.02
Net Cash Flow -2.63 -0.1 0.24 -0.19 0

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 56.41 56.41 56.46 56.47 56.51
dinesh nolkha 2.05 2.05 2.07 2.07 2.08
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 2.94 2.94 2.95
redial trading and invest... 31.97 31.97 32.00 32.00 32.02
sushila devi nolkha 13.87 13.87 13.87 13.87 13.87
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 43.59 43.59 43.54 43.53 43.49
bandhan small cap fund - 2.85 3.37 4.56 4.20
hsbc small cap fund 2.32 2.32 2.32 2.32 2.32
investor education and pr... 0.09 - - - 0.10
mahindra manulife multi c... - 2.92 2.92 3.19 3.30
quant mutual fund qunat s... - 4.86 4.86 4.86 4.86
investor education and pr... - 0.11 0.11 0.10 -
ajay kumar aggarwal 1.00 1.00 1.00 - -
bandhan emerging business... 1.72 - - - -
dolly khanna 1.17 - - - -
mahindra manulife small c... 2.11 - - - -
qunat mutual fund quant s... 4.86 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Nitin Spinners informs about newspaper publication 8 Nov, 1:01 PM Nitin Spinners - Quaterly Results 7 Nov, 2:22 PM Nitin Spinners - Quaterly Results 7 Nov, 2:22 PM Nitin Spinners - Quaterly Results 7 Nov, 2:22 PM Nitin Spinners informs about newspaper publication 6 Aug, 5:20 PM Nitin Spinners informs about newspapers publication 23 Jul, 11:13 AM Nitin Spinners informs about un-audited financial results 22 Jul, 5:32 PM Nitin Spinners informs about investor presentation 22 Jul, 5:30 PM Nitin Spinners - Quaterly Results 22 Jul, 2:41 PM Nitin Spinners - Quaterly Results 22 Jul, 2:41 PM Nitin Spinners - Quaterly Results 22 Jul, 2:41 PM Nitin Spinners informs about transcript of investor call 14 May, 2:02 PM Nitin Spinners - Quaterly Results 9 May, 3:00 PM Nitin Spinners - Quaterly Results 9 May, 3:00 PM Nitin Spinners - Quaterly Results 9 May, 3:00 PM Nitin Spinners informs about analyst meet 11 Mar, 2:50 PM Nitin Spinners submits analyst meet intimation 17 Feb, 11:37 AM Nitin Spinners - Quaterly Results 29 Jan, 2:04 PM Nitin Spinners - Quaterly Results 29 Jan, 2:04 PM Nitin Spinners - Quaterly Results 29 Jan, 2:04 PM Nitin Spinners informs about conference call 19 Jan, 1:05 PM Nitin Spinners informs about trading window closure 30 Dec, 11:33 AM Nitin Spinners informs about press release 2 Dec, 3:10 PM Nitin Spinners - Quaterly Results 9 Nov, 2:07 PM Nitin Spinners informs about resignation by senior management personnel 25 Oct, 3:03 PM Nitin Spinners informs about outcome of AGM 18 Sep, 5:07 PM Nitin Spinners informs about newspaper publication 7 Aug, 4:20 PM Nitin Spinners informs about postponement of investors conference 7 Aug, 12:15 PM Nitin Spinners informs about investors presentation 7 Aug, 12:14 PM Nitin Spinners - Quaterly Results 5 Aug, 3:07 PM Nitin Spinners - Quaterly Results 5 Aug, 3:07 PM Nitin Spinners - Quaterly Results 5 Aug, 3:07 PM Nitin Spinners submits analyst meet intimation 21 Jun, 4:47 PM Nitin Spinners informs about analyst meet 19 Jun, 2:16 PM Nitin Spinners informs about investors presentation 8 May, 2:17 PM Nitin Spinners informs about newspaper publication 8 May, 11:23 AM Nitin Spinners - Quaterly Results 6 May, 3:22 PM Nitin Spinners - Quaterly Results 6 May, 3:22 PM Nitin Spinners - Quaterly Results 6 May, 3:22 PM Nitin Spinners informs about updates 26 Apr, 2:40 PM Nitin Spinners informs about compliance certificate 4 Apr, 2:15 PM Nitin Spinners informs about audio recording 4 Feb, 3:52 PM Nitin Spinners informs about audio recording of earnings call 4 Feb, 10:26 AM Nitin Spinners informs about investor presentation 3 Feb, 5:29 PM Nitin Spinners informs about newspaper publication 3 Feb, 4:25 PM Nitin Spinners - Quaterly Results 2 Feb, 1:20 PM Nitin Spinners - Quaterly Results 2 Feb, 1:20 PM Nitin Spinners - Quaterly Results 2 Feb, 1:20 PM Nitin Spinners informs about newspaper publication 9 Nov, 3:01 PM Nitin Spinners - Quaterly Results 8 Nov, 1:12 PM

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 determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Nitin Spinners stock price today is Rs 441.75. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Nitin Spinners . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. 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 16.0022459292532 which is high and comparatively overvalued .

  • Share Price: - The current share price of Nitin Spinners is Rs 441.75. 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 5.3304 % 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 1.537 .

  • 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 12.0924 % .(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 Debt to Equity ratio of 1.1682 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Nitin Spinners has reported revenue growth of 20.7313 % which is fair 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 12.9767346664995 %.

  • 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 0.5649 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Nitin Spinners is Rs 27.6055 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Nitin Spinners in Ticker for free. Also, one can get the intrinsic value of Nitin Spinners by using Valuation Calculators, which are available with a Finology ONE subscription. 

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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