Nitin Spinners Ltd.
Snapshot View

204.55 +10.15 ▲5.2%

26 July 2021, 04:00:00 P.M.
Volume: 145,858

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.nitinspinners.com
Financial Indicators
Market Cap 1,149.98 Cr.
Earnings per share (EPS) 12.25 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 16.70 Trailing Twelve Months Ending 2021-03
Industry PE 27.89 Trailing Twelve Months Ending 2021-03
Book Value / Share 100.20 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.04 Calculated using Price: 204.55
Dividend Yield 0.73 Period Ending 2020-03
No. of Shares Subscribed 5.62 Cr. 56,220,000 Shares
FaceValue 10
Company Profile

Nitin Spinners Ltd was incorporated as a private limited company on October 15, 1992 under the Companies Act 1956 in the state of Rajasthan having the name ‘Nitin Spinners Private Limited’. Subsequently the company was converted into a public limited company on November 15, 1994 and the name was changed to Nitin Spinners Limited. The company was promoted by R. L. Nolkha Dinesh Nolkha and Nitin Nolakha.

Starting with one open-end facility, the company has grown into one of the largest producers of 100% cotton yarn and fabrics in India. It possesses one of the best pool of skilled workforce in the textile Industry.

Nitin at present has an installed capacity of 27216 spindles, 1872 rotors and 15 knitting machines. Nitin is situated on N.H.No.79, Hamirgarh, 16 KM away from Bhilwara the textile city of Rajasthan in India. Its products are meant for apparel & garment industry, terry towels, knitted fabrics, denims, woven fabrics, furnishings, carpets, industrial fabrics, medical fabric etc. The company has tied up for long term yarn supplies with denim, terry towel, knitting and other Industrial fabrics manufacturers in India & abroad.

Its diverse competencies enable it to address the most challenging business realities effectively. This rich people capital has been manifested in its unmatched reputation, its wide product variety, its export exposure and above-the-market realizations.

The company has been an innovator in textile field and conducted its business with the purpose of growing into a notable organization. Today, despite in the midst of highly fierce and competitive textile markets, Nitin Spinners Ltd. is still poised to serve both local and international markets with a pledge of providing great satisfaction to its  customers. In an effort to finalize this vertical plan, there are plans underway to enter the apparels sector to complete the production chain from yarn to ready-to-wear garments.

Today, with the combined installed capacity of nearly 80000 spindles & 4000 rotors, manufacturing 25000 tons of yarn and threads per annum, the company has carved a niche for itself on the textile map of the country.

Its Fabric Unit has also shown an upward growth trend since its inception. Today, with the production & supply of 4000 tons of fabric per annum, its top quality fabric is already making its presence felt in the global textile industry.

The company is exporting cotton yarns and knitted fabrics to countries like Australia, Bahrain, China, Colombia, Egypt, Israel, Italy, Korea, Mauritius, Russia, Poland, U.K., U.S.A. and others. It supply to customers, who are in fields like apparel and garment industry, industrial fabrics, furnishing fabrics, towels, denims etc. At present, its exports are restricted to around 18-20 countries only, which leaves more scope for the company to develop new markets and to increase its presence accordingly. Further, with the phasing out of quota restrictions, the company is expecting to achieve high growth rate in the global markets in the coming years.

Product range of the company includes:

Yarns

  • Open End yarns from Ne 5/1 to Ne 30/1 ( Nm 8/1 to Nm 50/1 ) 
  • Multifold Open End Yarns
  • Ring Spun Combed Yarns from Ne 20/1 to Ne 50/1 ( Nm 34/1 to Nm 85/1) 
  • Multifold Ring Spun Yarns
  • 'S' & 'Z' Twist Yarns
  • Dyeable cheese cones - Soft package
  • 100% Organic Cotton Yarns and Blends

Knitted Fabrics

  • Single Jersey 
  •  Pique structures 
  •  Interlock structures
  •  Rib structures
  •  Three Thread Fleece 

Woven Fabrics

Achievements/ recognition:

ISO 9001: 2000 accreted

Certificates from:

  • Organic Exchange
  • Export House
  • Bureau of Indian Standards
  • Oeko-Tex Standard
  • GOTS/Sustainable

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.22%
1 Week
+11.32%
1 Month
+49.58%
3 Month
+146.74%
6 Month
+157.62%
1 Year
+406.31%
2 Year
+247.87%
5 Year
+176.42%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 0.35 15.08 29.94 27.44 23.70 24.41 15.38 14.26 4.88
Return on Capital Employed (%) 6.00 15.02 22.57 17.91 17.81 13.32 11.89 11.43 6.34
Return on Assets (%) 0.08 4.08 9.94 8.50 7.09 7.54 5.78 5.42 1.55

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 87 101 132 167 206 264 417 483 494
Non Curr. Liab. 185 170 154 332 290 411 336 660 726
Curr. Liab. 76 75 68 110 140 210 176 293 425
Minority Int.
Equity & Liab. 347 346 354 610 635 885 929 1,436 1,645
Non Curr. Assets 236 219 228 444 430 617 582 1,015 1,156
Curr. Assets 111 126 126 166 205 268 346 421 489
Misc. Exp. not W/O
Total Assets 347 346 354 610 635 885 929 1,436 1,645

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 428 446 488 616 767 933 1,145 1,243 1,438
Other Income 0 0 0 5 1 1 2 3 2
Total Income 428 446 489 622 768 934 1,148 1,245 1,440
Total Expenditure -383 -359 -394 -517 -630 -800 -990 -1,064 -1,268
PBIDT 45 88 94 104 138 134 157 181 172
Interest -21 -27 -17 -23 -33 -22 -30 -29 -56
Depreciation -24 -25 -25 -28 -40 -42 -56 -55 -81
Taxation -7 -17 -13 -21 -13 -19 -33 -12
Exceptional Items -15
PAT 0 14 35 41 44 57 52 64 24

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 64 89 87 45 100 54 66 104 98
Cash Fr. Inv. -8 -4 -39 -219 -36 -241 -20 -483 -217
Cash Fr. Finan. -56 -84 -48 176 -65 188 -47 382 116
Net Change 0 0 0 1 0 1 -1 3 -3
Cash & Cash Eqvt 0 0 0 1 1 1 0 3 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 55.82 55.82 55.82 55.89 55.92 56.04 56.10 56.17 56.17
Public 44.18 44.18 44.18 44.11 44.08 43.96 43.90 43.83 43.83
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 22 Jul 2021
Board Meeting Intimation for Intimation For Board Meeting - Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015
NITIN SPINNERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2021 inter alia to consider and approve Intimation for Board Meeting - Under regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015
Fri, 16 Jul 2021
Submission Of Published Notice For The Attention Of Equity Shareholders Of The Company Regarding Transfer Of Equity Shares Of The Company To The Demat Account Of The Investor Education And Protection Fund (IEPF) Authority.
Submission of published Notice for the attention of Equity Shareholders of the Company regarding transfer of Equity Shares of the Company to the Demat Account of the Investor Education and Protection Fund (IEPF) Authority.
Fri, 16 Jul 2021
Shareholding for the Period Ended June 30 2021
Nitin Spinners Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Crossing 2 Year High Close Crossing 2 Year High

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