Nitin Spinners Ltd

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

Nitin Spinners Ltd

₹ 495 -0.67%
27 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 55+ countries and a strong distribution network, it is one of the leading global players in the textile industry.

Website BSE NSE
  • Market Cap ₹ 2,782 Cr.
  • Current Price ₹ 495
  • High / Low ₹ 545 / 300
  • Stock P/E 15.7
  • Book Value ₹ 262
  • Dividend Yield 0.61 %
  • ROCE 12.2 %
  • ROE 12.8 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 13.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.93% 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

Part of BSE Consumer Discretionary BSE 1000

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
655 617 737 750 801 803 823 839 841 793 760 801 860
584 541 655 648 684 684 707 722 721 682 661 689 729
Operating Profit 71 76 82 103 116 119 115 117 120 111 100 112 130
OPM % 11% 12% 11% 14% 15% 15% 14% 14% 14% 14% 13% 14% 15%
1 1 0 0 1 1 1 1 1 2 1 1 2
Interest 10 15 15 25 28 27 22 21 21 21 16 17 17
Depreciation 21 23 24 35 36 37 37 37 37 37 37 37 37
Profit before tax 41 39 43 43 53 57 57 60 63 55 47 58 78
Tax % 5% 26% 26% 26% 26% 26% 26% 25% 27% 26% 26% 24% 27%
39 29 32 32 39 42 42 45 46 41 35 44 57
EPS in Rs 6.86 5.14 5.64 5.65 6.97 7.49 7.50 7.97 8.25 7.29 6.19 7.90 10.20
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Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
616 766 933 1,145 1,241 1,436 1,622 2,690 2,404 2,902 3,300 3,214
516 629 799 990 1,062 1,266 1,365 2,039 2,107 2,525 2,829 2,761
Operating Profit 100 137 133 155 178 170 257 652 297 377 471 453
OPM % 16% 18% 14% 14% 14% 12% 16% 24% 12% 13% 14% 14%
4 1 1 2 3 2 2 -3 3 2 4 5
Interest 23 33 22 30 29 56 62 55 38 83 90 71
Depreciation 28 40 42 56 55 81 91 87 87 118 148 148
Profit before tax 54 65 70 71 97 36 107 506 176 178 237 239
Tax % 24% 32% 18% 27% 34% 33% 35% 36% 6% 26% 26% 26%
41 44 57 52 64 24 69 326 165 132 175 178
EPS in Rs 8.94 9.63 12.51 9.43 11.40 4.24 12.25 58.01 29.32 23.39 31.20 31.58
Dividend Payout % 11% 10% 10% 13% 11% 14% 12% 4% 9% 11% 10% 10%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 10%
TTM: -3%
Compounded Profit Growth
10 Years: 15%
5 Years: 21%
3 Years: 3%
TTM: 1%
Stock Price CAGR
10 Years: 23%
5 Years: 33%
3 Years: 24%
1 Year: 26%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 13%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 46 46 46 56 56 56 56 56 56 56 56 56
Reserves 121 160 218 361 426 438 507 820 973 1,090 1,255 1,415
378 352 568 449 860 1,040 962 689 980 1,339 1,165 1,124
65 77 53 63 93 111 151 260 209 231 256 319
Total Liabilities 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,732 2,915
417 382 613 570 524 1,140 1,060 1,012 1,011 1,709 1,577 1,489
CWIP 0 17 0 4 468 0 2 0 340 2 7 102
Investments 0 0 0 0 0 0 0 0 0 0 0 17
193 236 272 355 445 506 615 812 867 1,005 1,148 1,306
Total Assets 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,732 2,915

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
45 100 54 66 104 98 155 431 194 163 307 411
-219 -36 -241 -20 -483 -217 -11 -86 -433 -426 -22 -287
176 -65 188 -47 382 116 -144 -345 239 262 -279 -128
Net Cash Flow 1 -0 1 -1 3 -3 -0 0 -0 0 7 -4
Free Cash Flow -175 65 -188 46 -380 -119 143 345 -240 -262 286 119
CFO/OP 56% 83% 52% 53% 69% 64% 66% 82% 83% 50% 76% 103%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 24 19 19 28 36 39 37 33 34 40 48 49
Inventory Days 90 90 105 103 99 96 137 100 110 108 105 110
Days Payable 9 10 11 13 15 15 21 20 12 14 16 18
Cash Conversion Cycle 105 99 113 118 119 120 153 113 132 134 137 141
Working Capital Days 32 31 22 54 37 16 28 46 40 43 51 44
ROCE % 18% 18% 13% 12% 11% 6% 11% 37% 12% 12% 13% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Spindles
Numbers

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Production Volume - Knitted Fabric
MT
Production Volume - Yarn
MT
Installed Capacity - Knitting Machines
Numbers
Installed Capacity - Rotors
Numbers
Installed Capacity - Weaving Machines
Numbers
Production Volume - Finished Fabric
Million Meters
Spinning Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
56.41% 56.41% 56.41% 56.46% 56.47% 56.51% 56.51% 56.62% 56.62% 56.62% 56.71% 56.71%
2.21% 1.32% 1.09% 0.70% 0.61% 0.74% 1.50% 0.99% 0.82% 0.89% 0.93% 1.10%
8.47% 11.24% 13.32% 13.74% 14.99% 14.85% 15.48% 15.42% 15.69% 15.69% 14.34% 14.28%
32.92% 31.02% 29.18% 29.11% 27.93% 27.90% 26.50% 26.96% 26.87% 26.80% 28.03% 27.93%
No. of Shareholders 37,04533,77432,33430,71629,27534,59735,93437,26636,48335,87635,36535,002

* 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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Documents

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Credit ratings

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