Nitin Spinners Ltd
NITINSPINNitin Spinners Ltd
NITINSPINPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
14.91 | 1.90 | 0.72% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
63.41 | 7.85 | 0.48% |
Forecast & Ratings
Detailed Forecastfrom 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Nitin Spinners Limited is engaged in textiles business. The Company manufactures cotton yarn and cotton knitted fabric.
Investor Presentation
View olderPeers
Compare with peersKPR Mill Ltd
Vedant Fashions Ltd
Swan Energy Ltd
Trident Ltd
Welspun Living Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 621.61 | 767.58 | 934.17 | 1,147.50 | 1,245.28 | 1,440.19 | 1,626.31 | 2,694.16 | 2,410.02 | 2,762.73 | ||||||||||
Raw Materials | 387.09 | 461.52 | 617.14 | 714.12 | 843.73 | 921.93 | 971.91 | 1,570.35 | 1,641.06 | 2,427.95 | ||||||||||
Power & Fuel Cost | 51.30 | 65.05 | 92.11 | 125.51 | 78.21 | 162.72 | 178.57 | 209.07 | 189.42 | |||||||||||
Employee Cost | 34.28 | 43.14 | 51.85 | 60.65 | 67.97 | 94.33 | 111.78 | 132.73 | 133.16 | |||||||||||
Selling & Administrative Expenses | 21.78 | 27.47 | 32.33 | 36.37 | 39.13 | 41.02 | 68.52 | 140.38 | 76.49 | |||||||||||
Operating & Other expenses | 22.84 | 32.65 | 6.49 | 53.68 | 35.39 | 48.29 | 36.38 | -7.29 | 69.51 | |||||||||||
EBITDA | 104.32 | 137.75 | 134.25 | 157.17 | 180.85 | 171.90 | 259.15 | 648.92 | 300.38 | 334.78 | ||||||||||
Depreciation/Amortization | 27.94 | 39.56 | 41.66 | 56.19 | 54.64 | 80.70 | 91.03 | 87.40 | 86.81 | 103.52 | ||||||||||
PBIT | 76.38 | 98.19 | 92.59 | 100.98 | 126.21 | 91.20 | 168.12 | 561.52 | 213.57 | 231.26 | ||||||||||
Interest & Other Items | 22.62 | 33.01 | 22.27 | 29.55 | 28.90 | 55.56 | 61.61 | 55.34 | 37.68 | 65.75 | ||||||||||
PBT | 53.76 | 65.18 | 70.32 | 71.43 | 97.31 | 35.64 | 106.51 | 506.18 | 175.89 | 165.51 | ||||||||||
Taxes & Other Items | 12.79 | 21.04 | 12.97 | 19.05 | 33.20 | 11.83 | 37.65 | 180.03 | 11.06 | 34.60 | ||||||||||
Net Income | 40.97 | 44.14 | 57.35 | 52.38 | 64.11 | 23.81 | 68.86 | 326.15 | 164.83 | 130.91 | ||||||||||
EPS | 8.94 | 9.63 | 12.51 | 10.33 | 11.47 | 4.24 | 12.25 | 58.01 | 29.32 | 23.29 | ||||||||||
DPS | 1.00 | 1.00 | 1.20 | 1.20 | 1.25 | 0.60 | 1.50 | 2.50 | 2.50 | 2.50 | ||||||||||
Payout ratio | 0.11 | 0.10 | 0.10 | 0.12 | 0.11 | 0.14 | 0.12 | 0.04 | 0.09 | 0.11 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
Consumer DiscretionaryTextiles
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Nitin Spinners Ltd | 11.85 | 1.90 | 0.72% |
KPR Mill Ltd | 34.91 | 7.67 | 0.26% |
Vedant Fashions Ltd | 51.24 | 15.71 | 0.99% |
Swan Energy Ltd | -324.93 | 5.31 | 0.01% |
Price Comparison
Compare NITINSPIN with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.5429% | Percentage of the fund’s portfolio invested in the stock 0.51% | Change in the portfolio weight of the stock over the last 3 months -0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 42/123 (-3) |
Bandhan Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.1566% | Percentage of the fund’s portfolio invested in the stock 1.40% | Change in the portfolio weight of the stock over the last 3 months 0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/170 (+1) |
HSBC Small Cap Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1714% | Percentage of the fund’s portfolio invested in the stock 0.32% | Change in the portfolio weight of the stock over the last 3 months -0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/104 (+2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.72%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.20 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 11, 2023
Dividend/Share
₹2.50
Ex DateEx Date
Sep 11, 2023
Cash Dividend
Ex DateEx DateSep 7, 2022
Dividend/Share
₹2.50
Ex DateEx Date
Sep 7, 2022
Cash Dividend
Ex DateEx DateFeb 10, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Feb 10, 2022
Cash Dividend
Ex DateEx DateSep 8, 2021
Dividend/Share
₹1.50
Ex DateEx Date
Sep 8, 2021
Cash Dividend
Ex DateEx DateSep 8, 2020
Dividend/Share
₹0.60
Ex DateEx Date
Sep 8, 2020
News & Opinions
Nitin Spinners - Soft Raw Material Prices, Better Capacity Utilisation To Drive Profitability: Systematix
1 month ago•Bloomberg Quint
News Video
Mr. Dinesh Nolkha, MD, Nitin Spinners In Conversation With Zee Business
5 months ago•Zee Business
Talbros, Nitin Spinners, Mangalore Chemicals among stocks where Dolly Khanna increased stake in Q1
9 months ago•Business Today
Broker’s call: Nitin Spinners (Buy)
1 year ago•The Hindu Businessline
Buy Nitin Spinners; target of Rs 304: Emkay Global Financial
1 year ago•Moneycontrol
Buy Nitin Spinners; target of Rs 302: Emkay Global Financial
1 year ago•Moneycontrol
Nitin Spinners Standalone December 2022 Net Sales at Rs 537.20 crore, down 23.8% Y-o-Y
1 year ago•Moneycontrol
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 16%, vs industry avg of 5.55%
Increasing Market Share
Over the last 5 years, market share increased from 0.91% to 1.5%