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

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]

  • 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
283 373 402 380 219 427 467 512 554 665 705 769 709
245 337 360 326 196 371 393 407 425 487 527 602 600
Operating Profit 38 35 42 54 24 55 74 104 129 177 178 167 109
OPM % 13% 9% 10% 14% 11% 13% 16% 20% 23% 27% 25% 22% 15%
0 0 1 1 1 0 1 0 0 -4 0 1 1
Interest 8 13 13 21 15 15 16 16 14 14 13 14 11
Depreciation 14 21 21 24 23 23 23 22 22 22 22 22 22
Profit before tax 16 1 8 10 -14 18 36 66 93 138 143 132 77
Tax % 35% 30% 29% 34% 34% 34% 35% 36% 35% 36% 35% 35% 14%
Net Profit 11 1 6 7 -9 12 23 43 60 87 93 85 66
EPS in Rs 1.91 0.13 1.03 1.16 -1.63 2.12 4.14 7.62 10.67 15.54 16.59 15.20 11.66

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%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
55.82 55.82 55.89 55.92 56.04 56.10 56.17 56.17 56.17 56.25 56.25 56.36
0.00 0.04 0.04 0.03 0.00 0.00 0.00 1.23 2.70 4.02 4.84 4.26
16.11 16.15 16.16 15.31 14.66 13.77 10.53 6.80 4.11 4.26 4.62 5.03
28.08 27.99 27.92 28.74 29.30 30.14 33.30 35.79 37.02 35.47 34.29 34.35

Documents

Concalls