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Nitin Spinners Overview

Nitin Spinners Ltd is engaged in textiles enterprise. The Company manufactures cotton yarn and cotton knitted cloth. The Company manufactures a number of yarns, which includes open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, core spun yarns, S and Z twist yarns, dyeable cheese cones and natural cotton yarns and blends. The Company gives fabrics in greige shape in tubular and open width. Its product variety in knitted fabrics encompass single jersey, pique systems, inte...Read More

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Nitin Spinners Key Financials

Market Cap ₹2594 Cr.

Stock P/E 14.8

P/B 1.8

Current Price ₹461.5

Book Value ₹ 251.5

Face Value 10

52W High ₹461.9

Dividend Yield 0.65%

52W Low ₹ 300

Nitin Spinners Share Price

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Volume
Price

Nitin Spinners Quarterly Price

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Nitin Spinners Peer Comparison

Nitin Spinners Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 737 750 801 803 823 839 841 793 760 801
Other Income 0 0 1 1 1 1 1 2 1 1
Total Income 738 751 801 804 823 840 842 795 761 802
Total Expenditure 655 648 684 684 707 722 721 682 661 689
Operating Profit 82 103 117 120 116 118 121 113 100 113
Interest 15 25 28 27 22 21 21 21 16 17
Depreciation 24 35 36 37 37 37 37 37 37 37
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 43 43 53 57 57 60 63 55 47 58
Provision for Tax 11 11 14 15 15 15 17 14 12 14
Profit After Tax 32 32 39 42 42 45 46 41 35 44
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 32 32 39 42 42 45 46 41 35 44
Adjusted Earnings Per Share 5.6 5.6 7 7.5 7.5 8 8.2 7.3 6.2 7.9

Nitin Spinners Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 616 767 933 1145 1243 1438 1624 2692 2407 2906 3306 3195
Other Income 5 1 1 2 3 2 2 2 3 2 4 5
Total Income 622 768 934 1147 1245 1440 1626 2694 2410 2908 3309 3200
Total Expenditure 517 630 800 990 1064 1268 1367 2041 2110 2529 2834 2753
Operating Profit 104 138 134 157 181 172 259 653 300 379 475 447
Interest 23 33 22 30 29 56 62 55 38 83 90 75
Depreciation 28 40 42 56 55 81 91 87 87 118 148 148
Exceptional Income / Expenses 0 0 0 0 0 0 0 -5 0 0 0 0
Profit Before Tax 54 65 70 71 97 36 107 506 176 178 237 223
Provision for Tax 13 21 13 19 33 12 38 180 11 46 62 57
Profit After Tax 41 44 57 52 64 24 69 326 165 132 175 166
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 41 44 57 52 64 24 69 326 165 132 175 166
Adjusted Earnings Per Share 8.9 9.6 12.5 9.4 11.4 4.2 12.3 58 29.3 23.4 31.2 29.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 7% 18% 18%
Operating Profit CAGR 25% -10% 23% 16%
PAT CAGR 33% -19% 49% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 28% 22% 40% 21%
ROE Average 14% 15% 20% 19%
ROCE Average 13% 12% 17% 15%

Nitin Spinners Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 167 206 264 417 483 494 563 876 1029 1146 1311
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 294 241 389 311 619 676 564 407 561 811 637
Other Non-Current Liabilities 38 49 21 26 42 50 73 130 98 118 128
Total Current Liabilities 110 140 210 176 293 425 476 411 530 642 657
Total Liabilities 610 635 885 929 1436 1645 1676 1824 2218 2717 2732
Fixed Assets 417 382 613 570 524 1140 1060 1012 1011 1709 1577
Other Non-Current Assets 27 48 4 12 492 16 13 58 411 21 30
Total Current Assets 166 205 268 346 421 489 603 754 796 987 1125
Total Assets 610 635 885 929 1436 1645 1676 1824 2218 2717 2732

Nitin Spinners Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0 1 0 3 0 0 0 0 0
Cash Flow from Operating Activities 45 100 54 66 104 98 155 431 194 163 307
Cash Flow from Investing Activities -219 -36 -241 -20 -483 -217 -11 -86 -433 -426 -22
Cash Flow from Financing Activities 176 -65 188 -47 382 116 -144 -345 239 262 -279
Net Cash Inflow / Outflow 1 -0 1 -1 3 -3 -0 0 -0 -0 7
Closing Cash & Cash Equivalent 1 1 1 0 3 0 0 0 0 0 7

Nitin Spinners Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.94 9.64 12.51 9.43 11.4 4.24 12.25 58.01 29.32 23.39 31.2
CEPS(Rs) 15.03 18.27 21.6 19.55 21.12 18.59 28.44 73.56 44.76 44.47 57.47
DPS(Rs) 1 1 1.2 1.2 1.25 0.6 1.5 4 2.5 2.5 3
Book NAV/Share(Rs) 36.44 44.87 57.66 75.03 85.83 87.88 100.2 155.78 183.01 203.9 233.23
Core EBITDA Margin(%) 16.09 17.87 14.3 13.53 14.33 11.81 15.84 24.2 12.34 12.98 14.26
EBIT Margin(%) 12.39 12.81 9.92 8.82 10.16 6.34 10.35 20.86 8.87 8.98 9.9
Pre Tax Margin(%) 8.72 8.5 7.53 6.24 7.83 2.48 6.56 18.8 7.31 6.11 7.17
PAT Margin (%) 6.64 5.76 6.14 4.57 5.16 1.66 4.24 12.11 6.85 4.53 5.31
Cash Profit Margin (%) 11.17 10.92 10.61 9.48 9.56 7.27 9.84 15.36 10.45 8.6 9.77
ROA(%) 8.5 7.09 7.54 5.78 5.42 1.55 4.15 18.63 8.15 5.33 6.44
ROE(%) 27.44 23.7 24.41 15.38 14.26 4.88 13.03 45.32 17.31 12.09 14.28
ROCE(%) 17.91 17.81 13.32 11.89 11.43 6.34 10.99 36.35 11.95 11.61 13.19
Receivable days 19.33 18.96 17.12 21.74 30.67 34.71 35.8 27.56 35.14 34.17 41.46
Inventory Days 48.8 49.73 55.68 59.84 63.65 62.51 69.59 51.58 68.12 66.33 64.67
Payable days 9.54 8.85 9.69 10.98 14.25 15.36 18.91 17.23 15.34 12.32 14.44
PER(x) 3.36 6.1 9.51 10.4 7.94 6.61 6.62 3.91 7.7 13.85 10.24
Price/Book(x) 0.82 1.31 2.06 1.31 1.05 0.32 0.81 1.46 1.23 1.59 1.37
Dividend Yield(%) 3.33 1.7 1.01 1.22 1.38 2.14 1.85 1.76 1.11 0.77 0.94
EV/Net Sales(x) 0.84 0.81 1.19 0.87 1.1 0.83 0.87 0.73 0.93 1.09 0.89
EV/Core EBITDA(x) 4.94 4.51 8.29 6.32 7.55 6.97 5.47 3 7.49 8.33 6.21
Net Sales Growth(%) 26.24 24.4 21.71 22.7 8.49 15.74 12.96 65.74 -10.61 20.73 13.77
EBIT Growth(%) 10.01 28.6 -5.72 9.07 24.98 -27.73 84.34 233.98 -61.97 22.14 25.49
PAT Growth(%) 17.76 7.82 29.86 -8.66 22.37 -62.85 189.17 373.54 -49.47 -20.2 33.39
EPS Growth(%) 17.77 7.82 29.86 -24.63 20.92 -62.85 189.17 373.54 -49.47 -20.2 33.39
Debt/Equity(x) 2.27 1.71 2.15 1.08 1.78 2.11 1.71 0.79 0.95 1.17 0.89
Current Ratio(x) 1.5 1.47 1.27 1.97 1.44 1.15 1.27 1.83 1.5 1.54 1.71
Quick Ratio(x) 0.65 0.65 0.47 0.8 0.66 0.53 0.52 0.85 0.57 0.66 0.79
Interest Cover(x) 3.38 2.98 4.16 3.42 4.37 1.64 2.73 10.15 5.67 3.13 3.62
Total Debt/Mcap(x) 2.75 1.31 1.04 0.82 1.69 6.61 2.11 0.54 0.77 0.74 0.65

Nitin Spinners Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.41 56.46 56.47 56.5 56.5 56.62 56.62 56.62 56.71 56.71
FII 1.09 0.7 0.6 0.74 1.5 0.99 0.83 0.9 0.92 1.09
DII 13.32 13.74 14.99 14.85 15.49 15.42 15.69 15.69 14.34 14.28
Public 29.17 29.11 27.94 27.91 26.51 26.97 26.86 26.79 28.03 27.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nitin Spinners News

Nitin Spinners Pros & Cons

Pros

  • Company has delivered good profit growth of 48% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Debtor days have increased from 12.32 to 14.44days.
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