Nitin Spinners

₹333.8 12.3 | 3.8%

WEBSITE BSE:532698 NSE : NITINSPINNER 18 Mar, 16:01

Market Cap ₹1876 Cr.

Stock P/E 14.3

P/B 1.5

Current Price ₹333.8

Book Value ₹ 224.6

Face Value 10

52W High ₹493.9

Dividend Yield 0.75%

52W Low ₹ 290

Edit Ratio

Nitin Spinners Research see more...

How Can Nitin Spinners Limited Add Value to Portfolio? Let's Find Out!

Overview Inc. Year: 1992Industry: Textile - Spinning

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, interlock structures, rib structures and three thread fleece. The Company's merchandise are applicable in manufacturing merchandise, together with clothing and garments, under garments, terry towels, woven fabric, home furnishings, carpets, denim, commercial textiles, clinical textiles, mattresses stickings and socks, among others.

Nitin Spinners Share Price

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Nitin Spinners Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	506	537	655	617	737	750	801	803	823	839
Other Income	1	0	1	1	0	0	1	1	1	1
Total Income	507	537	656	618	738	751	801	804	823	840
Total Expenditure	449	477	584	541	655	648	684	684	707	722
Operating Profit	58	60	72	77	82	103	117	120	116	118
Interest	9	7	10	15	15	25	28	27	22	21
Depreciation	22	22	21	23	24	35	36	37	37	37
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	27	31	41	39	43	43	53	57	57	60
Provision for Tax	-2	-0	2	10	11	11	14	15	15	15
Profit After Tax	29	32	39	29	32	32	39	42	42	45
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	29	32	39	29	32	32	39	42	42	45
Adjusted Earnings Per Share	5.2	5.6	6.9	5.1	5.6	5.6	7	7.5	7.5	8

Nitin Spinners Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	488	616	767	933	1145	1243	1438	1624	2692	2407	2906	3266
Other Income	0	5	1	1	2	3	2	2	2	3	2	4
Total Income	489	622	768	934	1147	1245	1440	1626	2694	2410	2908	3268
Total Expenditure	394	517	630	800	990	1064	1268	1367	2041	2110	2529	2797
Operating Profit	94	104	138	134	157	181	172	259	653	300	379	471
Interest	17	23	33	22	30	29	56	62	55	38	83	98
Depreciation	25	28	40	42	56	55	81	91	87	87	118	147
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-5	0	0	0
Profit Before Tax	52	54	65	70	71	97	36	107	506	176	178	227
Provision for Tax	17	13	21	13	19	33	12	38	180	11	46	59
Profit After Tax	35	41	44	57	52	64	24	69	326	165	132	168
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	35	41	44	57	52	64	24	69	326	165	132	168
Adjusted Earnings Per Share	7.6	8.9	9.6	12.5	9.4	11.4	4.2	12.3	58	29.3	23.4	30

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	21%	19%	20%
Operating Profit CAGR	26%	14%	16%	15%
PAT CAGR	-20%	24%	16%	14%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	7%	61%	27%
ROE Average	12%	25%	19%	21%
ROCE Average	12%	20%	15%	16%

Nitin Spinners Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	132	167	206	264	417	483	494	563	876	1029	1146
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	131	294	241	389	311	619	676	564	407	561	811
Other Non-Current Liabilities	24	38	49	21	26	42	50	73	130	98	118
Total Current Liabilities	68	110	140	210	176	293	425	476	411	530	642
Total Liabilities	354	610	635	885	929	1436	1645	1676	1824	2218	2717
Fixed Assets	191	417	382	613	570	524	1140	1060	1012	1011	1709
Other Non-Current Assets	37	27	48	4	12	492	16	13	58	411	21
Total Current Assets	126	166	205	268	346	421	489	603	754	796	987
Total Assets	354	610	635	885	929	1436	1645	1676	1824	2218	2717

Nitin Spinners Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	0	0	1	0	1	0	3	0	0	0	0
Cash Flow from Operating Activities	87	45	100	54	66	104	98	155	431	194	163
Cash Flow from Investing Activities	-39	-219	-36	-241	-20	-483	-217	-11	-86	-433	-426
Cash Flow from Financing Activities	-48	176	-65	188	-47	382	116	-144	-345	239	262
Net Cash Inflow / Outflow	-0	1	-0	1	-1	3	-3	-0	0	-0	-0
Closing Cash & Cash Equivalent	0	1	1	1	0	3	0	0	0	0	0

Nitin Spinners Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	7.59	8.94	9.64	12.51	9.43	11.4	4.24	12.25	58.01	29.32	23.39
CEPS(Rs)	13.01	15.03	18.27	21.6	19.55	21.12	18.59	28.44	73.56	44.76	44.47
DPS(Rs)	0.75	1	1	1.2	1.2	1.25	0.6	1.5	4	2.5	2.5
Book NAV/Share(Rs)	28.7	36.44	44.87	57.66	75.03	85.83	87.88	100.2	155.78	183.01	203.9
Core EBITDA Margin(%)	19.24	16.09	17.87	14.3	13.53	14.33	11.81	15.84	24.2	12.34	12.98
EBIT Margin(%)	14.21	12.39	12.81	9.92	8.82	10.16	6.34	10.35	20.86	8.87	8.98
Pre Tax Margin(%)	10.64	8.72	8.5	7.53	6.24	7.83	2.48	6.56	18.8	7.31	6.11
PAT Margin (%)	7.12	6.64	5.76	6.14	4.57	5.16	1.66	4.24	12.11	6.85	4.53
Cash Profit Margin (%)	12.21	11.17	10.92	10.61	9.48	9.56	7.27	9.84	15.36	10.45	8.6
ROA(%)	9.94	8.5	7.09	7.54	5.78	5.42	1.55	4.15	18.63	8.15	5.33
ROE(%)	29.94	27.44	23.7	24.41	15.38	14.26	4.88	13.03	45.32	17.31	12.09
ROCE(%)	22.57	17.91	17.81	13.32	11.89	11.43	6.34	10.99	36.35	11.95	11.61
Receivable days	19.78	19.33	18.96	17.12	21.74	30.67	34.71	35.8	27.56	35.14	34.17
Inventory Days	57.03	48.8	49.73	55.68	59.84	63.65	62.51	69.59	51.58	68.12	66.33
Payable days	9.86	9.54	8.85	9.69	10.98	14.25	15.36	18.91	17.23	15.34	12.32
PER(x)	1.86	3.36	6.1	9.51	10.4	7.94	6.61	6.62	3.91	7.7	13.85
Price/Book(x)	0.49	0.82	1.31	2.06	1.31	1.05	0.32	0.81	1.46	1.23	1.59
Dividend Yield(%)	5.32	3.33	1.7	1.01	1.22	1.38	2.14	1.85	1.76	1.11	0.77
EV/Net Sales(x)	0.49	0.84	0.81	1.19	0.87	1.1	0.83	0.87	0.73	0.93	1.09
EV/Core EBITDA(x)	2.55	4.94	4.51	8.29	6.32	7.55	6.97	5.47	3	7.49	8.33
Net Sales Growth(%)	9.48	26.24	24.4	21.71	22.7	8.49	15.74	12.96	65.74	-10.61	20.73
EBIT Growth(%)	43.78	10.01	28.6	-5.72	9.07	24.98	-27.73	84.34	233.98	-61.97	22.14
PAT Growth(%)	146.02	17.76	7.82	29.86	-8.66	22.37	-62.85	189.17	373.54	-49.47	-20.2
EPS Growth(%)	146.02	17.77	7.82	29.86	-24.63	20.92	-62.85	189.17	373.54	-49.47	-20.2
Debt/Equity(x)	1.34	2.27	1.71	2.15	1.08	1.78	2.11	1.71	0.79	0.95	1.17
Current Ratio(x)	1.85	1.5	1.47	1.27	1.97	1.44	1.15	1.27	1.83	1.5	1.54
Quick Ratio(x)	0.81	0.65	0.65	0.47	0.8	0.66	0.53	0.52	0.85	0.57	0.66
Interest Cover(x)	3.98	3.38	2.98	4.16	3.42	4.37	1.64	2.73	10.15	5.67	3.13
Total Debt/Mcap(x)	2.72	2.75	1.31	1.04	0.82	1.69	6.61	2.11	0.54	0.77	0.74

Nitin Spinners Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	56.36	56.4	56.41	56.41	56.41	56.41	56.46	56.47	56.5	56.5
FII	3.8	3.8	2.4	2.21	1.32	1.09	0.7	0.6	0.74	1.5
DII	5.57	5.37	6.3	8.47	11.24	13.32	13.74	14.99	14.85	15.49
Public	34.27	34.42	34.89	32.91	31.03	29.17	29.11	27.94	27.91	26.51
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	3.17	3.17	3.17	3.17	3.17	3.17	3.17	3.17	3.18	3.18
FII	0.21	0.21	0.13	0.12	0.07	0.06	0.04	0.03	0.04	0.08
DII	0.31	0.3	0.35	0.48	0.63	0.75	0.77	0.84	0.83	0.87
Public	1.93	1.94	1.96	1.85	1.74	1.64	1.64	1.57	1.57	1.49
Others	0	0	0	0	0	0	0	0	0	0
Total	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 25%
Debtor days have improved from 15.34 to 12.32days.

Cons

* 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.

Nitin Spinners News

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Nitin Spinners

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Nitin Spinners Research see more...

Overview Inc. Year: 1992Industry: Textile - Spinning

Nitin Spinners Share Price

Alert Data

Quarterly Price

Peer Comparison

Nitin Spinners Quarterly Results

Nitin Spinners Profit & Loss

Growth Rates

Nitin Spinners Balance Sheet

Nitin Spinners Cash Flow

Nitin Spinners Ratios

Nitin Spinners Shareholding Pattern

Nitin Spinners News

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