Nitin Spinners Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
206.50 -3.10 (-1.48%)

DeciZen - Make an Informed Decision on Nitin Spinners

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Nitin Spinners Price Chart

P/E Ratio (SA) :
4.25
Market Cap :
1,160.9 Cr.
52-wk low :
182.1
52-wk high :
345.8
Bole Toh?

1. Is Nitin Spinners Ltd a good quality company?

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

2. Is Nitin Spinners Ltd undervalued or overvalued?

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

3. Is Nitin Spinners Ltd a good buy now?

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

10 Year X-Ray of Nitin Spinners:

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 13.7%15.3%13.5%12.2%10.5%8.6%7.7%4.4%7.3%23.8%-
Value Creation Index -0.00.1-0.0-0.1-0.3-0.4-0.5-0.7-0.50.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4464886167679331,1451,2431,4381,6242,6922,689
YoY Gr. Rt. %-9.5%26.2%24.4%21.7%22.7%8.5%15.7%13%65.7%-
Adj EPS 5.47.69.19.612.59.411.44.212.258.648.6
YoY Gr. Rt. %-39.7%19.3%6.1%30%-24.7%21.3%-63.2%189.6%380.3%-
BVPS (₹) 2228.736.444.957.77585.887.9100.2155.8170
Adj Net Profit 24.934.841.644.157.352.364.323.668.6329273
Cash Flow from Ops. 88.986.644.510053.666.310498.2155431-
Debt/CF from Ops. 2.328.53.510.66.88.310.66.21.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.1%23.6%29.4%65.7%
Adj EPS 30.2%36.2%72.4%380.3%
BVPS 24.3222255.5
Share Price 36.1% 13.5% 62.6% -17.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 26.63027.823.724.415.414.34.81345.829.9
Op. Profit Mgn % 19.719.316.217.914.313.514.411.815.824.219
Net Profit Mgn % 5.67.16.75.86.14.65.21.64.212.210.2
Debt to Equity 2.11.32.31.72.21.11.82.11.70.80.4
Working Cap Days 101102991029910011712012697114
Cash Conv. Cycle 8070616366748487936860

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 29.90%

Sales growth is growing at healthy rate in last 3 years 29.40%

Net Profit is growing at healthy rate in last 3 years 72.38%

Debt to equity has declined versus last 3 years average to 0.79

Sales growth is good in last 4 quarters at 26.37%

No data to display

Latest Financials - Nitin Spinners Ltd.

Standalone Consolidated
TTM EPS (₹) 48.6 -
TTM Sales (₹ Cr.) 2,689 -
BVPS (₹.) 170 -
Reserves (₹ Cr.) 899 -
P/BV 1.22 -
PE 4.25 -
From the Market
52 Week Low / High (₹) 182.10 / 345.75
All Time Low / High (₹) 3.12 / 345.75
Market Cap (₹ Cr.) 1,161
Equity (₹ Cr.) 56.2
Face Value (₹) 10
Industry PE 11.4

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Nitin Spinners

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Nitin Spinners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nitin Spinners on 06-Dec-2022 18:01 is : 206.5.
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 06-Dec-2022 18:01 the market cap of Nitin Spinners stood at ₹ 1,160.9.
The latest PE ratio of Nitin Spinners as of 06-Dec-2022 18:01 is 4.25.
The latest PB ratio of Nitin Spinners as of 06-Dec-2022 18:01 is 1.22
The 52-week high of Nitin Spinners is ₹ 345.8 and the 52-week low is ₹ 182.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Nitin Spinners is ₹ 2,689 ( 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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