Nitin Spinners Ltd.

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364.15 +4.85 ▲1.4%

05 December 2023, 11:22:56 AM
Volume: 117,265

Company Profile

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Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.nitinspinners.com
Market Cap 2,018.30 Cr.
Enterprise Value(EV) 3,233.60 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 23.25 Trailing Twelve Months Ending 2023-09
Price-Earning Ratio (PE) 15.44 Trailing Twelve Months Ending 2023-09
Industry PE 79.52 Trailing Twelve Months Ending 2023-09
Book Value / Share 191.12 Trailing Twelve Months Ending 2023-09
Price to Book Value 1.88 Calculated using Price: 359.00
Dividend Yield 0.70 Period Ending 2023-03
No. of Shares Subscribed 5.62 Cr. 56,220,000 Shares
FaceValue 10
About Nitin Spinners Ltd.
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.

Nitin Spinners Ltd. Delivery

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Delivered Qty
Traded Qty

Nitin Spinners Ltd. Performance

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1 Day
+1.35%
1 Week
+3.14%
1 Month
+26.62%
3 Month
+15.18%
6 Month
+43.82%
1 Year
+75.49%
2 Year
+49.33%
5 Year
+320.98%
10 Year
+2473.50%

Nitin Spinners Ltd. Fundamental Ratios

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9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 27.44 23.70 24.41 15.38 14.26 4.88 13.03 45.32 17.31
Return on Capital Employed (%) 17.91 17.81 13.32 11.89 11.43 6.34 10.99 36.35 11.95
Return on Assets (%) 8.50 7.09 7.54 5.78 5.42 1.55 4.15 18.63 8.15

Nitin Spinners Ltd. Balance Sheet

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Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 167 206 264 417 483 494 563 876 1,029 1,074
Non Curr. Liab. 332 290 411 336 660 726 637 537 659 969
Curr. Liab. 110 140 210 176 293 425 476 411 530 497
Minority Int.
Equity & Liab. 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,541
Non Curr. Assets 444 430 617 582 1,015 1,156 1,073 1,070 1,422 1,763
Curr. Assets 166 205 268 346 421 489 603 754 796 777
Misc. Exp. not W/O
Total Assets 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,541

Nitin Spinners Ltd. Profit and Loss

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Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09 Rs. Cr. TTM
Net Sales 616 767 933 1,145 1,243 1,438 1,624 2,692 2,407 2,547
Other Income 5 1 1 2 3 2 2 2 3 3
Total Income 622 768 934 1,148 1,245 1,440 1,626 2,694 2,410 2,549
Total Expenditure -517 -630 -800 -990 -1,064 -1,268 -1,367 -2,041 -2,110 -2,257
PBIDT 104 138 134 157 181 172 259 653 300 292
Interest -23 -33 -22 -30 -29 -56 -62 -55 -38 -48
Depreciation -28 -40 -42 -56 -55 -81 -91 -87 -87 -91
Taxation -13 -21 -13 -19 -33 -12 -38 -180 -11 -23
Exceptional Items -5
PAT 41 44 57 52 64 24 69 326 165 131
Adjusted EPS 9 10 13 9 11 4 12 58 29 23

Nitin Spinners Ltd. Cash Flow

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Particulars 10 years 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. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 87 45 100 54 66 104 98 155 431 194
Cash Fr. Inv. -39 -219 -36 -241 -20 -483 -217 -11 -86 -433
Cash Fr. Finan. -48 176 -65 188 -47 382 116 -144 -345 239
Net Change 0 1 0 1 -1 3 -3 0 0 0
Cash & Cash Eqvt 0 1 1 1 0 3 0 0 0 0

Nitin Spinners Ltd. Shareholding Pattern

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9 Qtrs 2021-09 (%) 2021-12 (%) 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%)
Promoter 56.17 56.25 56.25 56.36 56.36 56.40 56.41 56.41 56.41
Public 43.83 43.75 43.75 43.64 43.64 43.60 43.59 43.59 43.59
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

Nitin Spinners Ltd. Announcements

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Fri, 01 Dec 2023
Updates
Nitin Spinners Limited has informed the Exchange regarding 'Commencement of Commercial Production'.
Fri, 01 Dec 2023
Shareholders meeting
Nitin Spinners Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on December 27, 2023
Fri, 01 Dec 2023
Notice Of Shareholders Meetings-XBRL
NITIN SPINNERS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Extra-ordinary Meeting to be held on 27-Dec-2023

Nitin Spinners Ltd. Technical Scans

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Mon, 04 Dec 2023
Opening at High Opening at High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Making Higher Highs for 2 Days Making Higher Highs for 2 Days
High Increase in 1 Month High Increase in 1 Month
High Increase in 3 Months High Increase in 3 Months

Nitin Spinners Ltd. Related Stocks

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  • SALES
Stock Name Market Cap(Rs. Cr.) LTP Chg %
Page Industries Ltd. 41,792.34 37,420.00 -0.2%
Vedant Fashions Ltd. 33,933.08 1,422.00 +1.8%
K.P.R. Mill Ltd. 29,667.75 867.10 -0.1%
Trident Ltd. 18,579.85 36.60 +0.4%
Welspun Living Ltd. 15,189.37 162.25 +3.8%
Lakshmi Machine Works Ltd. 14,294.76 13,662.35 +1.7%
Vardhman Textiles Ltd. 11,767.97 409.00 +0.8%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Page Industries Ltd. Standalone 2023-09 81.83 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-09 84.86 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-09 37.61 867.10 -0.1%
Trident Ltd. Consolidated 2023-09 40.56 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-09 28.87 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-09 34.36 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-09 22.12 409.00 +0.8%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Page Industries Ltd. Standalone 2023-09 27.32 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-09 25.55 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-09 7.34 867.10 -0.1%
Trident Ltd. Consolidated 2023-09 4.48 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-09 3.62 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-09 5.64 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-09 1.33 409.00 +0.8%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Page Industries Ltd. Standalone 2023-03 0.18 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-03 0.00 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-03 0.36 867.10 -0.1%
Trident Ltd. Consolidated 2023-03 0.33 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-03 0.58 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-03 0.00 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-03 0.20 409.00 +0.8%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Page Industries Ltd. Standalone 2023-03 46.45 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-03 34.74 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-03 23.62 867.10 -0.1%
Trident Ltd. Consolidated 2023-03 10.99 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-03 5.03 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-03 17.74 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-03 9.90 409.00 +0.8%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Page Industries Ltd. Standalone 2023-03 46.45 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-03 34.74 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-03 23.62 867.10 -0.1%
Trident Ltd. Consolidated 2023-03 10.99 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-03 5.03 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-03 17.74 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-03 9.90 409.00 +0.8%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2023-03 5,000.61 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-03 1,354.93 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-03 6,185.88 867.10 -0.1%
Trident Ltd. Consolidated 2023-03 6,332.26 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-03 8,093.76 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-03 4,719.15 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-03 10,137.49 409.00 +0.8%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2023-03 571.25 37,420.00 -0.2%
Vedant Fashions Ltd. Consolidated 2023-03 429.11 1,422.00 +1.8%
K.P.R. Mill Ltd. Consolidated 2023-03 814.10 867.10 -0.1%
Trident Ltd. Consolidated 2023-03 441.61 36.60 +0.4%
Welspun Living Ltd. Consolidated 2023-03 202.51 162.25 +3.8%
Lakshmi Machine Works Ltd. Consolidated 2023-03 384.02 13,662.35 +1.7%
Vardhman Textiles Ltd. Consolidated 2023-03 804.75 409.00 +0.8%

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