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Nitin Spinners Ltd (NITINSPIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532698 NSE: NITINSPIN Textile - Spinning | Small Cap | Nitin Spinners Share Price

₹550 -9.20 (-1.65%)

As on 15-Jun'26 11:55

Nitin Spinners Ltd (NITINSPIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532698 NSE: NITINSPIN Textile - Spinning | Small Cap | Nitin Spinners Share Price

₹550 -9.20 (-1.65%)

As on 15-Jun'26 11:55

Key Metrics
Valuation Multiples
Market Cap
₹3,144 Cr.
Current Price
₹550
52-Week Low / High
₹300 / 565
TTM EPS
₹31.6
TTM Sales
₹3,214 Cr.
Book Value per Share
₹261.6
P/E Ratio
17.71
Higher than its 5-year historical median
Industry PE
21.6
Price to Book (P/B)
2.14
Higher than its 5-year historical median
Price to Sales (P/S)
0.98
Higher than its 5-year historical median
EV/EBITDA
9.31
Higher than its 5-year historical median
Dividend Yield
0.94%
Profitability Efficiency
Return on Equity (ROE)
14.28%
In line with industry median
Return on Capital Employed (ROCE)
13.19%
Outperforms industry median
Return on Assets (ROA)
6.44%
Operating Profit Margin
14.3%
Net Profit Margin
5.31%
Gross Profit Margin
11.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.77%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
25.03%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
33.39%
Asset Quality
Promoter Holding
56.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,415 Cr.
Equity
₹56.2 Cr.
Face Value
₹10
All Time Low / High
₹3.12 / 565.25

Nitin Spinners stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Nitin Spinners Ltd a good quality company?
Nitin Spinners Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nitin Spinners Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nitin Spinners Ltd vs industry peers?
Nitin Spinners Ltd revenue CAGR is 18.11%, compared to the industry median CAGR of 1.47%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nitin Spinners Ltd?
Promoters hold 56.71% of the Nitin Spinners Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nitin Spinners Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.5% based on the current price.

10 Year X-Ray :

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

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

Sales 7679331,1451,2431,4381,6242,6922,4072,9063,3063,214
Sales YoY Gr.-21.7%22.7%8.5%15.7%13%65.7%-10.6%20.7%13.8%-
Adj EPS 9.612.59.411.44.212.258.629.223.431.231.6
YoY Gr.-30%-24.7%21.3%-63.2%189.6%380.3%-50.1%-19.9%33.5%-
BVPS (₹) 44.957.77585.887.9100.2155.8183203.9233.2261.6
Adj Net
Profit
44.157.352.364.323.668.6329164131175178
Cash Flow from Ops. 10053.666.310498.2155431194163307-
Debt/CF from Ops. 3.510.66.88.310.66.21.65.18.23.8-

CAGR

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 22.4% 34.4% 26.3% 41.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.724.415.414.34.81345.817.212.114.312.8
Op. Profit
Mgn %
17.914.313.514.411.815.824.212.31314.314.1
Net Profit
Mgn %
5.86.14.65.21.64.212.26.84.55.35.5
Debt to
Equity
1.72.21.11.82.11.70.811.20.90.4
Working Cap
Days
102991001171201269712711811857
Cash Conv.
Cycle
6366748487936892929623

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
Exceptional Items 000000-5000
Interest 33223029566255388390
Depreciation 4042565581918787118148
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%6.9%4.5%5.3%
Adjusted EPS (₹)9.612.59.411.44.212.358.029.323.431.2
Dividend Payout Ratio (%)10.40%9.60%12.70%11%14.20%12.20%6.90%8.50%10.70%9.60%

Valuation of Nitin Spinners - Standalone

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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Analyst's Notes

data not found
No data found!

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
Debt +2995023988049638475978741,194991
Long Term Debt241389311619676564407561811637
Short Term Debt5811288185287283190313383354
Minority Interest0000000000
Trade Payables13182635415582527489
Others Liabilities 11810188114147211269263303341
Total Liabilities 6358859291,4361,6451,6761,8242,2182,7172,732

Fixed Assets

Net Fixed Assets +3826135705241,1401,0601,0121,0111,7091,577
Gross Block6256546666751,3711,3801,3951,4802,2962,311
Accumulated Depreciation2434197151231321383469587733
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

Financial 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 Days1917.1021.7030.7034.7035.8027.6035.1034.2041.50
Inventory Days49.7055.7059.8063.7062.5069.6051.6068.1066.3064.70
Payable Days8.909.701114.3015.4018.9017.2015.3012.3014.40

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nitin Spinners Ltd FAQs

The current trading price of Nitin Spinners on 15-Jun-2026 11:55 is ₹550.0.

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 14-Jun-2026 the market cap of Nitin Spinners stood at ₹3,143.8 Cr

The latest P/E ratio of Nitin Spinners as of 14-Jun-2026 is 17.71.

The latest P/B ratio of Nitin Spinners as of 14-Jun-2026 is 2.14.

The 52-week high of Nitin Spinners is ₹565.2 and the 52-week low is ₹300.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitin Spinners is ₹3,214 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nitin Spinners Ltd is a average quality company.

The key valuation ratios of Nitin Spinners Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Nitin Spinners Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

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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