Nitin Spinners Ltd
NITINSPINNitin Spinners Ltd
NITINSPIN
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
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 |
|---|---|---|
| 17.66 | 2.39 | 0.51% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 39.16 | 6.81 | 0.72% |
Forecast & Ratings
Detailed Forecast from 2 analysts
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
Aditya Birla Real Estate Ltd
Swan Energy Ltd
Trident Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 767.58 | 934.17 | 1,147.50 | 1,245.28 | 1,440.19 | 1,626.31 | 2,694.16 | 2,410.02 | 2,907.90 | 3,179.65 | ||||||||||
Raw Materials | 461.52 | 617.14 | 714.12 | 843.73 | 921.93 | 971.91 | 1,570.35 | 1,641.06 | 1,890.02 | 2,723.71 | ||||||||||
| Power & Fuel Cost | 65.05 | 92.11 | 125.51 | 78.21 | 162.72 | 178.57 | 209.07 | 189.42 | 258.30 | |||||||||||
| Employee Cost | 43.14 | 51.85 | 60.65 | 67.97 | 94.33 | 111.78 | 132.73 | 133.16 | 176.84 | |||||||||||
| Selling & Administrative Expenses | 27.47 | 32.33 | 36.37 | 39.13 | 41.02 | 68.52 | 140.38 | 76.49 | 85.87 | |||||||||||
| Operating & Other expenses | 32.65 | 6.49 | 53.68 | 35.39 | 48.29 | 36.38 | -7.29 | 69.51 | 117.56 | |||||||||||
EBITDA | 137.75 | 134.25 | 157.17 | 180.85 | 171.90 | 259.15 | 648.92 | 300.38 | 379.31 | 455.94 | ||||||||||
| Depreciation/Amortization | 39.56 | 41.66 | 56.19 | 54.64 | 80.70 | 91.03 | 87.40 | 86.81 | 118.47 | 144.84 | ||||||||||
| PBIT | 98.19 | 92.59 | 100.98 | 126.21 | 91.20 | 168.12 | 561.52 | 213.57 | 260.84 | 311.10 | ||||||||||
| Interest & Other Items | 33.01 | 22.27 | 29.55 | 28.90 | 55.56 | 61.61 | 55.34 | 37.68 | 83.30 | 101.33 | ||||||||||
| PBT | 65.18 | 70.32 | 71.43 | 97.31 | 35.64 | 106.51 | 506.18 | 175.89 | 177.54 | 209.77 | ||||||||||
| Taxes & Other Items | 21.04 | 12.97 | 19.05 | 33.20 | 11.83 | 37.65 | 180.03 | 11.06 | 46.01 | 54.57 | ||||||||||
| Net Income | 44.14 | 57.35 | 52.38 | 64.11 | 23.81 | 68.86 | 326.15 | 164.83 | 131.53 | 155.20 | ||||||||||
| EPS | 9.63 | 12.51 | 10.33 | 11.47 | 4.24 | 12.25 | 58.01 | 29.32 | 23.40 | 27.61 | ||||||||||
| DPS | 1.00 | 1.20 | 1.20 | 1.25 | 0.60 | 1.50 | 2.50 | 2.50 | 2.50 | 2.50 | ||||||||||
| Payout ratio | 0.10 | 0.10 | 0.12 | 0.11 | 0.14 | 0.12 | 0.04 | 0.09 | 0.11 | 0.09 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
Consumer DiscretionaryTextiles
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Nitin Spinners Ltd | 20.84 | 2.39 | 0.51% |
| KPR Mill Ltd | 47.90 | 8.85 | 0.44% |
| Vedant Fashions Ltd | 78.46 | 20.29 | 0.64% |
| Aditya Birla Real Estate Ltd | 587.64 | 7.25 | 0.19% |
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
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.15%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 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) |
|---|---|---|---|---|
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 4.2041% | Percentage of the fund’s portfolio invested in the stock 1.22% | Change in the portfolio weight of the stock over the last 3 months -0.10% | 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 4/195 (+2) |
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 3.9873% | Percentage of the fund’s portfolio invested in the stock 0.41% | Change in the portfolio weight of the stock over the last 3 months -0.04% | 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 34/98 (-9) |
HSBC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9659% | Percentage of the fund’s portfolio invested in the stock 0.31% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 51/109 (-1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
NITINSPIN has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.51%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.13 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 9, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Sep 9, 2024
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
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
Nitin Spinners will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
From Rs 37 to Rs 440 in four years, brokerage see more upside in the multibagger stock
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
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
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade
Nitin Spinners standalone net profit rises 45.74% in the June 2024 quarter
Stock market update: Stocks that hit 52-week highs on NSE
Nitin Spinners - Soft Raw Material Prices, Better Capacity Utilisation To Drive Profitability: Systematix
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 18.48%, vs industry avg of 2.98%
Increasing Market Share
Over the last 5 years, market share increased from 0.87% to 1.69%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 15.46%, vs industry avg of -9.63%