Nitin Spinners Ltd

Nitin Spinners Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitin Spinners Ltd

₹ 392 -1.45%
20 May - close price
nitinspinners.com BSE: 532698 NSE: NITINSPIN
About

Founded in 1992 in Bhilwara of Rajasthan, Nitin Spinners is India’s leading manufacturer of cotton yarn, knitted fabrics and finished woven fabrics.

Key Points

Business Profile[1]
Established in 1992 and headquartered in Bhilwara, Rajasthan, the company is one of India’s leading manufacturers of Cotton & Blended Yarn, Knitted Fabrics, and Greige & Finished Woven Fabrics. With a presence in 50+ countries and a strong distribution network, it is one of the leading global players in the textile industry.

Website BSE NSE
  • Market Cap ₹ 2,201 Cr.
  • Current Price ₹ 392
  • High / Low ₹ 494 / 290
  • Stock P/E 12.6
  • Book Value ₹ 233
  • Dividend Yield 0.64 %
  • ROCE 13.2 %
  • ROE 14.3 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 15.8% of last 10 years

Cons

  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.61% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
769 709 506 537 655 617 737 750 801 803 823 839 841
602 600 449 477 584 541 655 648 684 684 707 722 721
Operating Profit 167 109 57 60 71 76 82 103 116 119 115 117 120
OPM % 22% 15% 11% 11% 11% 12% 11% 14% 15% 15% 14% 14% 14%
1 1 1 0 1 1 0 0 1 1 1 1 1
Interest 14 11 9 7 10 15 15 25 28 27 22 21 21
Depreciation 22 22 22 22 21 23 24 35 36 37 37 37 37
Profit before tax 132 77 27 31 41 39 43 43 53 57 57 60 63
Tax % 35% 14% -6% -1% 5% 26% 26% 26% 26% 26% 26% 25% 27%
85 66 29 32 39 29 32 32 39 42 42 45 46
EPS in Rs 15.20 11.66 5.18 5.62 6.86 5.14 5.64 5.65 6.97 7.49 7.50 7.97 8.25
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Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
488 616 766 933 1,145 1,241 1,436 1,622 2,690 2,404 2,902 3,306
394 516 629 799 990 1,062 1,266 1,365 2,039 2,107 2,525 2,834
Operating Profit 94 100 137 133 155 178 170 257 652 297 377 471
OPM % 19% 16% 18% 14% 14% 14% 12% 16% 24% 12% 13% 14%
0 4 1 1 2 3 2 2 -3 3 2 4
Interest 17 23 33 22 30 29 56 62 55 38 83 90
Depreciation 25 28 40 42 56 55 81 91 87 87 118 148
Profit before tax 52 54 65 70 71 97 36 107 506 176 178 237
Tax % 33% 24% 32% 18% 27% 34% 33% 35% 36% 6% 26% 26%
35 41 44 57 52 64 24 69 326 165 132 175
EPS in Rs 7.59 8.94 9.63 12.51 9.43 11.40 4.24 12.25 58.01 29.32 23.39 31.20
Dividend Payout % 10% 11% 10% 10% 13% 11% 14% 12% 4% 9% 11% 10%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 7%
TTM: 14%
Compounded Profit Growth
10 Years: 15%
5 Years: 49%
3 Years: -19%
TTM: 33%
Stock Price CAGR
10 Years: 24%
5 Years: 70%
3 Years: 19%
1 Year: 13%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 14%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 46 46 46 46 56 56 56 56 56 56 56 56
Reserves 86 121 160 218 361 426 438 507 820 973 1,090 1,255
176 378 352 568 449 860 1,040 962 689 980 1,339 1,165
46 65 77 53 63 93 111 151 260 209 231 256
Total Liabilities 354 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,732
191 417 382 613 570 524 1,140 1,060 1,012 1,011 1,709 1,577
CWIP 21 0 17 0 4 468 0 2 0 340 2 7
Investments 0 0 0 0 0 0 0 0 0 0 0 0
142 193 236 272 355 445 506 615 812 867 1,005 1,148
Total Assets 354 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,732

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
87 45 100 54 66 104 98 155 431 194 163 307
-39 -219 -36 -241 -20 -483 -217 -11 -86 -433 -426 -22
-48 176 -65 188 -47 382 116 -144 -345 239 262 -279
Net Cash Flow -0 1 -0 1 -1 3 -3 -0 0 -0 0 7

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 19 24 19 19 28 36 39 37 33 34 40 47
Inventory Days 87 90 90 105 103 99 105 137 100 110 108 105
Days Payable 13 9 10 11 13 15 16 21 20 12 14 15
Cash Conversion Cycle 92 105 99 113 118 119 127 153 113 132 134 137
Working Capital Days 53 64 58 66 82 91 89 92 85 104 110 109
ROCE % 23% 18% 18% 13% 12% 11% 6% 11% 37% 12% 12% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.36% 56.36% 56.40% 56.41% 56.41% 56.41% 56.41% 56.46% 56.47% 56.51% 56.51% 56.62%
4.26% 3.81% 3.80% 2.40% 2.21% 1.32% 1.09% 0.70% 0.61% 0.74% 1.50% 0.99%
5.03% 5.57% 5.37% 6.30% 8.47% 11.24% 13.32% 13.74% 14.99% 14.85% 15.48% 15.42%
34.35% 34.26% 34.41% 34.88% 32.92% 31.02% 29.18% 29.11% 27.93% 27.90% 26.50% 26.96%
No. of Shareholders 42,15443,67343,07840,54637,04533,77432,33430,71629,27534,59735,93437,266

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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