Nitin Spinners

₹341 -14.5 | 4.1%

WEBSITE BSE:532698 NSE : NITINSPINNER 10 May, 16:01

Market Cap ₹1917 Cr.

Stock P/E 14.6

P/B 1.7

Current Price ₹341

Book Value ₹ 203.9

Face Value 10

52W High ₹395

Dividend Yield 0.73%

52W Low ₹ 225

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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Peer Comparison

Nitin Spinners Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	705	769	709	506	537	655	617	737	750	801
Other Income	0	1	1	1	0	1	1	0	0	1
Total Income	705	770	710	507	537	656	618	738	751	801
Total Expenditure	527	602	600	449	477	584	541	655	648	684
Operating Profit	179	168	110	58	60	72	77	82	103	117
Interest	13	14	11	9	7	10	15	15	25	28
Depreciation	22	22	22	22	22	21	23	24	35	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	143	132	77	27	31	41	39	43	43	53
Provision for Tax	50	47	11	-2	-0	2	10	11	11	14
Profit After Tax	93	85	66	29	32	39	29	32	32	39
Adjustments	0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	93	85	66	29	32	39	29	32	32	39
Adjusted Earnings Per Share	16.6	15.2	11.7	5.2	5.6	6.9	5.1	5.6	5.6	7

Nitin Spinners Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	446	488	616	767	933	1145	1243	1438	1624	2692	2407	2905
Other Income	0	0	5	1	1	2	3	2	2	2	3	2
Total Income	446	489	622	768	934	1147	1245	1440	1626	2694	2410	2908
Total Expenditure	359	394	517	630	800	990	1064	1268	1367	2041	2110	2528
Operating Profit	88	94	104	138	134	157	181	172	259	653	300	379
Interest	27	17	23	33	22	30	29	56	62	55	38	83
Depreciation	24	25	28	40	42	56	55	81	91	87	87	118
Exceptional Income / Expenses	-15	0	0	0	0	0	0	0	0	-5	0	0
Profit Before Tax	21	52	54	65	70	71	97	36	107	506	176	178
Provision for Tax	7	17	13	21	13	19	33	12	38	180	11	46
Profit After Tax	14	35	41	44	57	52	64	24	69	326	165	132
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	14	35	41	44	57	52	64	24	69	326	165	132
Adjusted Earnings Per Share	3.1	7.6	8.9	9.6	12.5	9.4	11.4	4.2	12.3	58	29.3	23.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-11%	19%	16%	18%
Operating Profit CAGR	-54%	20%	14%	13%
PAT CAGR	-49%	90%	26%	28%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	35%	48%	35%	36%
ROE Average	17%	25%	19%	21%
ROCE Average	12%	20%	15%	16%

Nitin Spinners Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	101	132	167	206	264	417	483	494	563	876	1029
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	162	131	294	241	389	311	619	676	564	407	561
Other Non-Current Liabilities	8	24	38	49	21	26	42	50	73	130	98
Total Current Liabilities	75	68	110	140	210	176	293	425	476	411	530
Total Liabilities	346	354	610	635	885	929	1436	1645	1676	1824	2218
Fixed Assets	213	191	417	382	613	570	524	1140	1060	1012	1011
Other Non-Current Assets	7	37	27	48	4	12	492	16	13	58	411
Total Current Assets	126	126	166	205	268	346	421	489	603	754	796
Total Assets	346	354	610	635	885	929	1436	1645	1676	1824	2218

Nitin Spinners Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	1	0	1	0	3	0	0	0
Cash Flow from Operating Activities	89	87	45	100	54	66	104	98	155	431	194
Cash Flow from Investing Activities	-4	-39	-219	-36	-241	-20	-483	-217	-11	-86	-433
Cash Flow from Financing Activities	-84	-48	176	-65	188	-47	382	116	-144	-345	239
Net Cash Inflow / Outflow	0	-0	1	-0	1	-1	3	-3	-0	0	-0
Closing Cash & Cash Equivalent	0	0	1	1	1	0	3	0	0	0	0

Nitin Spinners Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.08	7.59	8.94	9.64	12.51	9.43	11.4	4.24	12.25	58.01	29.32
CEPS(Rs)	8.43	13.01	15.03	18.27	21.6	19.55	21.12	18.59	28.44	73.56	44.76
DPS(Rs)	0	0.75	1	1	1.2	1.2	1.25	0.6	1.5	4	2.5
Book NAV/Share(Rs)	21.99	28.7	36.44	44.87	57.66	75.03	85.83	87.88	100.2	155.78	183.01
Core EBITDA Margin(%)	19.55	19.24	16.08	17.87	14.3	13.53	14.33	11.81	15.84	24.2	12.34
EBIT Margin(%)	10.82	14.21	12.39	12.81	9.92	8.82	10.16	6.34	10.35	20.86	8.87
Pre Tax Margin(%)	4.7	10.64	8.72	8.5	7.53	6.24	7.83	2.48	6.56	18.8	7.31
PAT Margin (%)	3.17	7.12	6.64	5.76	6.14	4.57	5.16	1.66	4.24	12.11	6.85
Cash Profit Margin (%)	8.66	12.21	11.17	10.92	10.61	9.48	9.56	7.27	9.84	15.36	10.45
ROA(%)	4.08	9.94	8.5	7.09	7.54	5.78	5.42	1.55	4.15	18.63	8.15
ROE(%)	15.08	29.94	27.44	23.7	24.41	15.38	14.26	4.88	13.03	45.32	17.31
ROCE(%)	15.02	22.57	17.91	17.81	13.32	11.89	11.43	6.34	10.99	36.35	11.95
Receivable days	19.04	19.78	19.33	18.96	17.12	21.74	30.67	34.71	35.8	27.56	35.14
Inventory Days	65.06	57.03	48.8	49.73	55.68	59.84	63.65	62.51	69.59	51.58	68.12
Payable days	6.54	9.86	9.54	8.85	9.69	10.98	14.25	15.36	18.91	17.23	15.34
PER(x)	2.93	1.86	3.36	6.1	9.51	10.4	7.94	6.61	6.62	3.91	7.7
Price/Book(x)	0.41	0.49	0.82	1.31	2.06	1.31	1.05	0.32	0.81	1.46	1.23
Dividend Yield(%)	0	5.32	3.33	1.7	1.01	1.22	1.38	2.14	1.85	1.76	1.11
EV/Net Sales(x)	0.56	0.49	0.84	0.81	1.19	0.87	1.1	0.83	0.87	0.73	0.93
EV/Core EBITDA(x)	2.83	2.55	4.94	4.51	8.29	6.32	7.55	6.97	5.47	3	7.49
Net Sales Growth(%)	4.15	9.48	26.24	24.4	21.71	22.7	8.49	15.74	12.96	65.74	-10.61
EBIT Growth(%)	127.79	43.78	10.01	28.6	-5.72	9.07	24.97	-27.73	84.34	233.98	-61.97
PAT Growth(%)	4564.24	146.02	17.76	7.82	29.86	-8.66	22.37	-62.85	189.17	373.54	-49.47
EPS Growth(%)	4564.24	146.02	17.77	7.82	29.86	-24.63	20.92	-62.85	189.17	373.54	-49.47
Debt/Equity(x)	2.05	1.34	2.27	1.71	2.15	1.08	1.78	2.11	1.71	0.79	0.95
Current Ratio(x)	1.69	1.85	1.5	1.47	1.27	1.97	1.43	1.15	1.27	1.83	1.5
Quick Ratio(x)	0.59	0.81	0.65	0.65	0.47	0.8	0.66	0.53	0.52	0.85	0.57
Interest Cover(x)	1.77	3.98	3.38	2.98	4.16	3.42	4.37	1.64	2.73	10.15	5.67
Total Debt/Mcap(x)	4.98	2.72	2.75	1.31	1.04	0.82	1.69	6.61	2.11	0.54	0.77

Nitin Spinners Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.25	56.25	56.36	56.36	56.4	56.41	56.41	56.41	56.41	56.46
FII	4.02	4.84	4.26	3.8	3.8	2.4	2.21	1.32	1.09	0.7
DII	4.26	4.61	5.03	5.57	5.37	6.3	8.47	11.24	13.32	13.74
Public	35.47	34.29	34.35	34.27	34.42	34.89	32.91	31.03	29.17	29.11
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.16	3.16	3.17	3.17	3.17	3.17	3.17	3.17	3.17	3.17
FII	0.23	0.27	0.24	0.21	0.21	0.13	0.12	0.07	0.06	0.04
DII	0.24	0.26	0.28	0.31	0.3	0.35	0.48	0.63	0.75	0.77
Public	1.99	1.93	1.93	1.93	1.94	1.96	1.85	1.74	1.64	1.64
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 delivered good profit growth of 25% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 25%
Debtor days have improved from 17.23 to 15.34days.

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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