Nitin Spinners Ltd (NITINSPIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532698 | NSE: NITINSPIN | Textile - Spinning | Small Cap

Nitin Spinners Share Price

318.20 -2.85 -0.89%
as on 05-Dec'25 13:43

Nitin Spinners Ltd (NITINSPIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532698 | NSE: NITINSPIN | Textile - Spinning | Small Cap

DeciZen - make an informed investing decision on Nitin Spinners

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Nitin Spinners stock performance -

Key Ratios
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P/E Ratio (SA):
10.81
Market Cap:
1,804.9 Cr.
52-wk low:
290
52-wk high:
493.9

Is Nitin Spinners Ltd an attractive stock to invest in?


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10 Year X-Ray of Nitin Spinners: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nitin Spinners Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.8%13.3%11.9%11.4%6.3%11%36.4%12%11.6%13.2%-
Value Creation
Index
0.3-0.1-0.2-0.2-0.6-0.21.6-0.2-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7679331,1451,2431,4381,6242,6922,4072,9063,3063,234
Sales YoY Gr.-21.7%22.7%8.5%15.7%13%65.7%-10.6%20.7%13.8%-
Adj EPS 9.612.59.411.44.212.258.629.223.431.229.7
YoY Gr.-30%-24.7%21.3%-63.2%189.6%380.3%-50.1%-19.9%33.5%-
BVPS (₹) 44.957.77585.887.9100.2155.8183203.9233.2243.6
Adj Net
Profit
44.157.352.364.323.668.6329164131175167
Cash Flow from Ops. 10053.666.310498.2155431194163307-
Debt/CF from Ops. 3.510.66.88.310.66.21.65.18.23.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.6%18.1%7.1%13.8%
Adj EPS 14%49.3%-18.9%33.5%
BVPS20.1%21.6%14.4%14.4%
Share Price 16.8% 38.8% 14.9% -27.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.724.415.414.34.81345.817.212.114.312.5
Op. Profit
Mgn %
17.914.313.514.411.815.824.212.31314.313.9
Net Profit
Mgn %
5.86.14.65.21.64.212.26.84.55.35.2
Debt to
Equity
1.72.21.11.82.11.70.811.20.90.4
Working Cap
Days
102991001171201269712711811857
Cash Conv.
Cycle
6366748487936892929625

Recent Performance Summary

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Latest Financials - Nitin Spinners Ltd.

Standalone Consolidated
TTM EPS (₹) 29.7 -
TTM Sales (₹ Cr.) 3,234 -
BVPS (₹.) 243.6 -
Reserves (₹ Cr.) 1,313 -
P/BV 1.32 -
PE 10.81 -
From the Market
52 Week Low / High (₹) 290.00 / 493.90
All Time Low / High (₹) 3.12 / 493.90
Market Cap (₹ Cr.) 1,805
Equity (₹ Cr.) 56.2
Face Value (₹) 10
Industry PE 19.8

Management X-Ray of Nitin Spinners:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Nitin Spinners - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

Key Ratios of Nitin Spinners

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7679331,1451,2431,4381,6242,6922,4072,9063,306
Operating Expenses 6308009901,0641,2681,3672,0412,1102,5292,834
Manufacturing Costs96126165175218251312296389433
Material Costs4635897287819149291,4491,5991,8712,063
Employee Cost 4352616894112133133177201
Other Costs 2833374042751468192137
Operating Profit 137133155178170257652297377471
Operating Profit Margin (%) 17.9%14.3%13.5%14.3%11.8%15.8%24.2%12.3%13.0%14.3%
Other Income 1123222324
Interest 33223029566255388390
Depreciation 4042565581918787118148
Exceptional Items 000000-5000
Profit Before Tax 6570719736107506176178237
Tax 211319331238180114662
Profit After Tax 445752642469326165132175
PAT Margin (%) 5.8%6.1%4.6%5.2%1.7%4.2%12.1%6.8%4.5%5.3%
Adjusted EPS (₹)9.612.59.411.44.212.358.029.323.431.2
Dividend Payout Ratio (%)10%10%13%11%14%12%7%9%11%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 2062644174834945638761,0291,1461,311
Share Capital 46465656565656565656
Reserves 1602183614264385078209731,0901,255
Minority Interest0000000000
Debt2995023988049638475978741,194991
Long Term Debt241389311619676564407561811637
Short Term Debt5811288185287283190313383354
Trade Payables13182635415582527489
Others Liabilities 11810188114147211269263303341
Total Liabilities 6358859291,4361,6451,6761,8242,2182,7172,732

Fixed Assets

Gross Block6256546666751,3711,3801,3951,4802,2962,311
Accumulated Depreciation2434197151231321383469587733
Net Fixed Assets 3826135705241,1401,0601,0121,0111,7091,577
CWIP 170446802034027
Investments 0000000000
Inventories115170205228265355406492564607
Trade Receivables394888121153166241223321430
Cash Equivalents 11030110010
Others Assets 815261938894165151120102
Total Assets 6358859291,4361,6451,6761,8242,2182,7172,732

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 100546610498155431194163307
PBT 6570719736107511176178237
Adjustment 73648684136153146127203240
Changes in Working Capital -24-65-76-59-64-89-123-56-192-117
Tax Paid -13-16-15-19-10-16-102-53-25-53
Cash Flow From Investing Activity -36-241-20-483-217-11-86-433-426-22
Capex -5-273-13-9-697-11-44-86-816-16
Net Investments 0000000000
Others -3132-8-475480-0-42-348391-5
Cash Flow From Financing Activity -65188-47382116-144-345239262-279
Net Proceeds from Shares 001128000000
Net Proceeds from Borrowing -31162-9431379-75-180168289-145
Interest Paid -33-22-30-29-56-62-55-38-83-90
Dividend Paid -5-5-6-7-7-3-17-14-14-14
Others 354-3097100-3-9312370-29
Net Cash Flow -01-13-3-00-0-07

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.724.4115.3814.264.8813.0345.3217.3112.0914.28
ROCE (%)17.8113.3211.8911.436.3410.9936.3511.9511.6113.19
Asset Turnover Ratio1.231.231.261.050.930.981.541.191.181.21
PAT to CFO Conversion(x)2.270.951.271.634.082.251.321.181.231.75
Working Capital Days
Receivable Days19172231353628353441
Inventory Days50566064637052686665
Payable Days9101114151917151214

Nitin Spinners Ltd Stock News

Nitin Spinners Ltd FAQs

The current trading price of Nitin Spinners on 05-Dec-2025 13:43 is ₹318.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Nitin Spinners stood at ₹1,804.9.
The latest P/E ratio of Nitin Spinners as of 04-Dec-2025 is 10.81.
The latest P/B ratio of Nitin Spinners as of 04-Dec-2025 is 1.32.
The 52-week high of Nitin Spinners is ₹493.9 and the 52-week low is ₹290.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitin Spinners is ₹3,234 ( Cr.) .

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.

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
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