Nitin Spinners Ltd
₹ 200
-0.62%
16 Aug
1:28 p.m.
About
Nitin Spinners is engaged in the business of Yarn and Cotton Knitted Fabric.
Key Points
- Market Cap ₹ 1,122 Cr.
- Current Price ₹ 200
- High / Low ₹ 346 / 182
- Stock P/E 3.33
- Book Value ₹ 156
- Dividend Yield 0.74 %
- ROCE 36.6 %
- ROE 45.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.8% CAGR over last 5 years
- Company's median sales growth is 15.8% of last 10 years
Cons
- Company might be capitalizing the interest cost
* 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
411 | 428 | 446 | 488 | 616 | 766 | 933 | 1,145 | 1,241 | 1,436 | 1,622 | 2,692 | 2,848 | |
314 | 383 | 358 | 394 | 516 | 629 | 799 | 990 | 1,062 | 1,266 | 1,365 | 2,041 | 2,216 | |
Operating Profit | 97 | 45 | 88 | 94 | 100 | 137 | 133 | 155 | 178 | 170 | 257 | 652 | 632 |
OPM % | 24% | 11% | 20% | 19% | 16% | 18% | 14% | 14% | 14% | 12% | 16% | 24% | 22% |
-21 | 0 | -15 | 0 | 4 | 1 | 1 | 2 | 3 | 2 | 2 | -3 | -2 | |
Interest | 21 | 21 | 27 | 17 | 23 | 33 | 22 | 30 | 29 | 56 | 62 | 55 | 53 |
Depreciation | 45 | 24 | 24 | 25 | 28 | 40 | 42 | 56 | 55 | 81 | 91 | 87 | 87 |
Profit before tax | 10 | 0 | 21 | 52 | 54 | 65 | 70 | 71 | 97 | 36 | 107 | 506 | 490 |
Tax % | 30% | 0% | 33% | 33% | 24% | 32% | 18% | 27% | 34% | 33% | 35% | 36% | |
Net Profit | 7 | 0 | 14 | 35 | 41 | 44 | 57 | 52 | 64 | 24 | 69 | 326 | 332 |
EPS in Rs | 1.47 | 0.07 | 3.09 | 7.59 | 8.94 | 9.63 | 12.51 | 9.43 | 11.40 | 4.24 | 12.25 | 58.01 | 58.99 |
Dividend Payout % | 0% | 0% | 0% | 10% | 11% | 10% | 10% | 13% | 11% | 14% | 12% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 24% |
3 Years: | 29% |
TTM: | 45% |
Compounded Profit Growth | |
---|---|
10 Years: | 101% |
5 Years: | 42% |
3 Years: | 72% |
TTM: | 142% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 12% |
3 Years: | 57% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 21% |
3 Years: | 24% |
Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
46 | 46 | 46 | 46 | 46 | 46 | 46 | 56 | 56 | 56 | 56 | 56 | |
Reserves | 41 | 41 | 55 | 86 | 121 | 160 | 218 | 361 | 426 | 438 | 507 | 820 |
284 | 249 | 207 | 176 | 378 | 352 | 568 | 449 | 860 | 1,040 | 962 | 689 | |
11 | 12 | 38 | 46 | 65 | 77 | 53 | 63 | 93 | 111 | 151 | 260 | |
Total Liabilities | 381 | 347 | 346 | 354 | 610 | 635 | 885 | 929 | 1,436 | 1,645 | 1,676 | 1,824 |
249 | 228 | 213 | 191 | 417 | 382 | 613 | 570 | 524 | 1,140 | 1,060 | 1,012 | |
CWIP | 0 | 3 | 0 | 21 | 0 | 17 | 0 | 4 | 468 | 0 | 2 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
132 | 116 | 133 | 142 | 193 | 236 | 272 | 355 | 445 | 506 | 615 | 812 | |
Total Assets | 381 | 347 | 346 | 354 | 610 | 635 | 885 | 929 | 1,436 | 1,645 | 1,676 | 1,824 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 64 | 89 | 87 | 45 | 100 | 54 | 66 | 104 | 98 | 155 | 431 | |
0 | -8 | -4 | -39 | -219 | -36 | -241 | -20 | -483 | -217 | -11 | -86 | |
-46 | -56 | -84 | -48 | 176 | -65 | 188 | -47 | 382 | 116 | -144 | -345 | |
Net Cash Flow | -0 | -0 | 0 | -0 | 1 | -0 | 1 | -1 | 3 | -3 | -0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 16 | 23 | 19 | 24 | 19 | 19 | 28 | 36 | 39 | 37 | 33 |
Inventory Days | 118 | 95 | 113 | 87 | 90 | 90 | 105 | 103 | 99 | 105 | 137 | 100 |
Days Payable | 5 | 5 | 7 | 13 | 9 | 10 | 11 | 13 | 15 | 16 | 21 | 20 |
Cash Conversion Cycle | 145 | 106 | 129 | 92 | 105 | 99 | 113 | 118 | 119 | 127 | 153 | 113 |
Working Capital Days | 87 | 64 | 56 | 53 | 64 | 58 | 66 | 82 | 91 | 89 | 92 | 85 |
ROCE % | 14% | 6% | 20% | 23% | 18% | 18% | 13% | 12% | 11% | 6% | 11% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Aug - Transcript of Analyst/Investor Earnings Call held on 08.08.2022
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Aug - Submission of copy of Newspaper in respect of Publication of Notice to Shareholders for updation of E-mail addresses and bank details
- Analyst/Investor Earnings Call Audio Recording 8 Aug
-
Announcement under Regulation 30 (LODR)-Investor Presentation
8 Aug - Investors Presentation on the Financial Results for the Quarter ended 30th June, 2022
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Submission of copy of Newspaper Advertisement in respect of Unaudited Financial Results for the quarter ended 30th June, 2022
Annual reports
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021Transcript PPT
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Mar 2021TranscriptPPT
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Feb 2018TranscriptPPT
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Dec 2017TranscriptPPT
Product Portfolio
Nitin Spinners was incorporated in 1993 in Bhilwara as a small-scale unit with a capacity of only 384 rotors. Over the years, Nitin Spinners has expanded the operations to include open end yarns, multi-fold open end yarns, ring spun combed yarns, multi-fold ring spun yarns, compact yarns, fancy slub yarns, core spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends. Our product range in knitted fabrics include single jersey, pique structures, inter-lock structures, rib structures and three thread fleece. [1]