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Nitin Spinners Ltd

NITINSPIN

Nitin Spinners Ltd

NITINSPIN
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹2,525 cr, stock is ranked 1,048
Moderate RiskStock is 2.97x as volatile as Nifty
450.652.19% (+9.65)
450.652.19% (+9.65)

Price Chart

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹2,525 cr, stock is ranked 1,048
Moderate RiskStock is 2.97x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is underpriced but is in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹2,525 cr, stock is ranked 1,048
Moderate RiskStock is 2.97x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
16.282.200.56%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.226.820.72%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Nitin Spinners Limited is engaged in textiles business. The Company manufactures cotton yarn and cotton knitted fabric.

Investor Presentation

View older 

Nov 7, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 18.48%, vs industry avg of 2.96%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.87% to 1.69%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 15.46%, vs industry avg of -9.62%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue767.58934.171,147.501,245.281,440.191,626.312,694.162,410.022,907.903,179.65
Raw Materialssubtract461.52617.14714.12843.73921.93971.911,570.351,641.061,890.022,723.71
Power & Fuel Costsubtract65.0592.11125.5178.21162.72178.57209.07189.42258.30
Employee Costsubtract43.1451.8560.6567.9794.33111.78132.73133.16176.84
Selling & Administrative Expensessubtract27.4732.3336.3739.1341.0268.52140.3876.4985.87
Operating & Other expensessubtract32.656.4953.6835.3948.2936.38-7.2969.51117.56
Depreciation/Amortizationsubtract39.5641.6656.1954.6480.7091.0387.4086.81118.47144.84
Interest & Other Itemssubtract33.0122.2729.5528.9055.5661.6155.3437.6883.30101.33
Taxes & Other Itemssubtract21.0412.9719.0533.2011.8337.65180.0311.0646.0154.57
EPS9.6312.5110.3311.474.2412.2558.0129.3223.4027.61
DPS1.001.201.201.250.601.502.502.502.502.50
Payout ratio0.100.100.120.110.140.120.040.090.110.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 12PDF
Feb 4PDF
Nov 10PDF
FY 2023

Annual report

PDF

Investor Presentation

May 8PDF
May 8PDF
Feb 3PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 7PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Nitin Spinners Ltd19.202.200.56%
KPR Mill Ltd42.677.880.50%
Vedant Fashions Ltd79.1120.460.63%
Aditya Birla Real Estate Ltd632.467.800.17%

Price Comparison

Compare NITINSPIN with any stock or ETF
Compare NITINSPIN with any stock or ETF
NITINSPIN
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.15%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.50%14.73%0.12%0.74%27.91%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep2.21%1.32%1.09%0.70%0.60%0.74%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Nitin Spinners Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Bandhan Small Cap Fund - Growth - Direct Plan

Growth
4.4783%1.22%-0.10%4/195 (+2)
Quant Small Cap Fund - Growth - Direct Plan

Growth
4.3812%0.41%-0.04%34/98 (-9)
HSBC Small Cap Fund - Growth - Direct Plan

Growth
2.0941%0.31%-0.02%51/109 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

NITINSPIN has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.56%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.56 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 9, 2024

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Sep 9, 2024

Cash Dividend

Ex DateEx DateSep 11, 2023

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Sep 11, 2023

Cash Dividend

Ex DateEx DateSep 7, 2022

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Sep 7, 2022

Cash Dividend

Ex DateEx DateFeb 10, 2022

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Feb 10, 2022

Cash Dividend

Ex DateEx DateSep 8, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 8, 2021

News & Opinions
Earnings
Nitin Spinners standalone net profit rises 33.00% in the September 2024 quarter

Net profit of Nitin Spinners rose 33.00% to Rs 42.16 crore in the quarter ended September 2024 as against Rs 31.70 crore during the previous quarter ended September 2023. Sales rose 11.54% to Rs 822.52 crore in the quarter ended September 2024 as against Rs 737.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales822.52737.40 12 OPM %14.0011.12 - PBDT94.0867.11 40 PBT56.9842.70 33 NP42.1631.70 33 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Nitin Spinners announces board meeting date

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live

From Rs 37 to Rs 440 in four years, brokerage see more upside in the multibagger stock

4 months agoBusiness Today
Corporate
Nitin Spinners to conduct AGM

Nitin Spinners announced that the 32nd Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Board of Nitin Spinners approves change in directorate

4 months agoBusiness Standard
Corporate
Board of Nitin Spinners approves change in directorate

The Board of Nitin Spinners at its meeting held on 22 July 2024 has approved the following : 1. Designation of Dinesh Nolkha (DIN : 00054658) is changed from Managing Director to Chairman and Managing Director with effect from 01 October 2024 for remaining tenure in the current appointment up to 30 September 2027. 2. Appointed Nitin Nolakha (DIN : 00054707) as Managing Director of the company for 5 (Five) years with effect from 01 October 2024. 3. Appointed Pratyush Nolakha (DIN : 10704970) as an Additional Director (Executive) on Board of the Company with effect from 22 July 2024. 5. Appointed Vibha Aren (DIN :07028020) as an Additional Director (lndependent) on Board of the Company with effect from 22 July 2024. Powered by Capital Market - Live

4 months agoCapital Market - Live

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

4 months agoEconomic Times

Nitin Spinners standalone net profit rises 45.74% in the June 2024 quarter

4 months agoBusiness Standard

Stock market update: Stocks that hit 52-week highs on NSE

4 months agoEconomic Times

Nitin Spinners - Soft Raw Material Prices, Better Capacity Utilisation To Drive Profitability: Systematix

9 months agoBloomberg Quint