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Nitin Spinners Ltd

Nitin Spinners

Small Cap7,142 EmployeesIPO 2006
Current Price
404.20
-6.1 (-1.49%)Updated
NSE :NITINSPIN
BSE :532698
Valuation vs Sector
P/E Ratio
12.12vs 34.53
P/B Ratio
1.47vs 8.51
Div Yield
0.89%vs 1.70%
Today's Range
399.9
404.20
indicator
414.7
52 Week Range
52W Low302.20
52W High426.80
404.20
indicator
Downside33.75%
Upside5.59%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
1,922.72 Cr
Market Cap
Total market value of company
P/E Ratio
11.36
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
1.34
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
29.62
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
6.06%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
13.20%
ROCE
Return on Capital Employed. >15% is good
Net Margin
5.21%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
48.99%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
18.11%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
-1.20%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
-2.68%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
0.89
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
233.23
Book Value
Net asset value per share
Dividend Yield
0.89%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
56.60%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

4 points
  • Nitin Spinners boasts a healthy ROE of 14.3%, indicating efficient shareholder investment utilization and promising profitability. Its low PE ratio of 10.70 suggests potential undervaluation relative to earnings, offering an attractive entry point for investors.
  • The company demonstrates consistent net profit growth, rising from ₹32 crore in Sep 2023 to ₹46 crore in Mar 2025. This positive operational trend highlights strong financial performance and earnings stability for investors.

Weaknesses

4 points
  • Nitin Spinners carries a considerable debt-to-equity ratio of 0.89, indicating high leverage. This could increase financial vulnerability during economic downturns or periods of reduced profitability, posing a risk.
  • Quarterly profit variability is a concern, with a -2.68% decline in the latest quarter. This volatility raises questions about the sustainability of profit growth and potential future earnings instability, impacting investor confidence.

Opportunities

2 points
  • The broader textile sector is showing growth, with peers like K P R Mill reporting 9.73% quarterly sales variation. This favorable market environment presents an opportunity for Nitin Spinners to expand and capitalize on increased demand.
  • Nitin Spinners' P/E ratio of 10.70 is currently below the sector average of 12.30. This valuation gap offers a potential opportunity for stock re-rating as the company's performance converges with industry benchmarks.

Threats

3 points
  • Nitin Spinners faces intense competition in the textile sector, with peers like K P R Mill (ROCE 19.84%) and Garware Tech. (ROCE 24.68%) demonstrating higher returns. This could pressure margins and market share.
  • A notable decline in FII holding from 4.26% in June 2022 to 0.89% in September 2025 suggests decreasing foreign investor confidence. This trend could negatively impact stock liquidity and overall market sentiment.

Segment-wise Financial Analysis

Fetching Financials...
Fetching Balance Sheet...
Fetching Cash Flow...

Shareholding Pattern

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Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4442.23+₹38.03+9.41%
R3427.43+₹23.23+5.75%
R2421.07+₹16.87+4.17%
R1412.63+₹8.43+2.09%
PIVOT406.272.070.51%
CURRENT404.20--
S1368.23-₹35.97-8.90%
S2383.03-₹21.17-5.24%
S3391.47-₹12.73-3.15%
S4397.83-₹6.37-1.58%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
1.23L
(16 Apr 2026)
-8.2% vs avg
Delivery %
54.6%
(16 Apr 2026)
+6.1% vs avg
Avg Volume (20D)
1.34L
(16 Mar - 16 Apr)
20-day average
Avg Delivery %
48.5%
(16 Mar - 16 Apr)
Trend ↑
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
Vardhman Textiles Ltd
14,690.71 ₹ Cr
Best Profit Growth
Sumeet Industries Ltd
619.00 %
Highest Dividend Yield
Siyaram Silk Mills Ltd
2.14 %

Peer Comparison

Company Name
BOMDYEING
Bombay Dyeing & Manufacturing Company Ltd
FILATEX
Filatex India Ltd
GANECOS
Ganesha Ecosphere Ltd
HIMATSEIDE
Himatsingka Seide Ltd
JINDWORLD
Jindal Worldwide Ltd
PASHUPATI
Pashupati Cotspin Ltd
SANGAMIND
Sangam (India) Ltd
SIYSIL
Siyaram Silk Mills Ltd
SPORTKING
Sportking India Ltd
SUMEETINDS
Sumeet Industries Ltd
TRIDENT
Trident Ltd
VTL
Vardhman Textiles Ltd

About

NITINSPIN

Nitin Spinners Ltd

Nitin Spinners Limited is an Indian textile manufacturer specializing in the production and sale of a wide range of cotton and blended yarns, as well as knitted and woven fabrics. Their operations span both the domestic Indian market and international export destinations.

The company's yarn portfolio is extensive and diverse, encompassing various types of cotton yarns including ring spun carded, ring spun, compact ring spun combed, and compact ring spun carded options. They also produce blended yarns incorporating polyester and cotton, offering a variety of twists (S and Z), and specializing in fancy and core slub yarns. Their commitment to sustainability is reflected in their production of organic, BCI/TBC certified, and recycled fiber yarns. Premium cotton certifications, such as Supima and Giza, further enhance their product range. They even offer specialized yarns like zero and eli twist options, catering to specific customer needs.

Beyond yarns, Nitin Spinners produces a significant variety of knitted fabrics. This includes common types such as single jersey and lycra-blended fabrics, along with more specialized structures like pique, interlock, rib, and 3 T fleece fabrics. They also offer finished and printed fabrics to complete their product offerings. The breadth of their fabric production allows them to serve a wide range of applications.

The applications of Nitin Spinners' products are remarkably broad, catering to numerous industries. Their yarns and fabrics are used in the creation of woven and knitted apparel, furnishing fabrics, denims, terry towels, and even specialized applications like medical fabrics, tea bags, and uniforms. Further, their products find their way into healthcare apparel, hotel textiles, and a diverse range of clothing sectors such as innerwear, comfort wear, sportswear, baby clothing, winter wear, fashion, and industrial/protective wear, including even defense applications.

Established in 1992 and headquartered in Bhilwara, India, Nitin Spinners Limited has built a substantial presence in the global textile market by offering a comprehensive range of high-quality yarns and fabrics tailored to a diverse array of customer needs and industry applications. Their commitment to both quality and sustainability positions them well within the competitive textile landscape.

COMPANY FACTS - NITINSPIN

Registered Address

16-17 Km Stone, Chittor Road, Hamirgarh

Bhilwara

IN

Company Details

Group: Consumer Durables & Apparel

Sector: Consumer Discretionary

Industry: Textiles, Apparel & Luxury Goods

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 7,142

IPO Date: 27/01/2006

MANAGEMENT - NITINSPIN

Shri. Dinesh Nolkha

Executive Chairman of the Board, Managing Director

Shri. P. Maheshwari

Chief Financial Officer

Shri. Sandeep Garg

President - Operations

Shri. Sudhir Garg

Compliance Officer, General Manager - Legal, Company Secretary

Shri. Umesh Toshniwal

Vice President of Marketing

Shri. K. Pareek

Vice President of Human Resources

Shri. Anil Jain

Vice President - Commercial

Shri. Ramesh Mishra

Vice President - Processing

Shri. Nitin Nolkha

Managing Director, Executive Director

Shri. Pratyush Nolkha

Additional Executive Director

Smt. Vibha Aren

Additional Independent Director

Shri. Rishabh Lodha

Additional Non-Executive Independent Director

Investor Questions Answered

Nitin Spinners Ltd (NITINSPIN) Stock FAQs

Get answers to the most common questions about Nitin Spinners Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Nitin Spinners Ltd (NITINSPIN) is ₹404.2. Today, the stock has declined by ₹6.10 (1.49%), trading in a range of ₹399.9 to ₹414.7. The stock opened at ₹408 with a trading volume of 97,150 shares.
Nitin Spinners Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,922.72 crores, P/E ratio of 11.36, ROE of 6.06%, and ROCE of 13.20%. The dividend yield stands at 0.89%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Nitin Spinners Ltd (NITINSPIN) is ₹426.8, while the 52-week low is ₹302.2. Currently trading at ₹404.2, the stock is 81.9% away from its 52-week low and 5.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Nitin Spinners Ltd stock at ₹404.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.36 and P/B ratio of N/A. Today's performance shows a loss of 1.49%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Nitin Spinners Ltd offers a dividend yield of 0.89%, which means for every ₹100 invested at the current price of ₹404.2, you can expect to receive approximately ₹0.89 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Nitin Spinners Ltd's key financial metrics include: P/E Ratio: 11.36, P/B Ratio: N/A, ROE: 6.06%, ROCE: 13.20%, Dividend Yield: 0.89%, EPS: ₹29.62, Book Value: ₹233.23, Debt-to-Equity: 0.89, and Current Ratio: N/A. The company's market cap stands at ₹1,922.72 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Nitin Spinners Ltd stock opened at ₹408 and is currently trading at ₹404.2, showing a decline of ₹6.10 (1.49%). The intraday high is ₹414.7 and low is ₹399.9. The trading volume stands at 97,150 shares, indicating moderate market participation today.
Nitin Spinners Ltd has a Price-to-Earnings (P/E) ratio of 11.36, which means investors are willing to pay ₹11.36 for every ₹1 of earnings. With an EPS of ₹29.62, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
Nitin Spinners Ltd has a market capitalization of ₹1,922.72 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹404.2) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Nitin Spinners Ltd has a book value of ₹233.23 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹404.2, which is 73.3% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Nitin Spinners Ltd has a Return on Equity (ROE) of 6.06% and Return on Capital Employed (ROCE) of 13.20%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Nitin Spinners Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Nitin Spinners Ltd has a debt-to-equity ratio of 0.89, which measures the company's financial leverage by comparing total debt to shareholders' equity. This moderate ratio indicates balanced use of debt and equity. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Nitin Spinners Ltd has an Earnings Per Share (EPS) of ₹29.62, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹404.2 and P/E ratio of 11.36, investors are paying 11.36 times the annual earnings per share. This moderate EPS suggests decent earnings generation. Track EPS growth over quarters to assess earnings momentum.
Nitin Spinners Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Nitin Spinners Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Nitin Spinners Ltd stock, consider: 1) Fundamental Analysis - Review P/E (11.36), ROE (6.06%), debt-to-equity (0.89), and growth rates. 2) Technical Analysis - Check 52-week range (₹302.20 - ₹426.80), moving averages, and chart patterns. 3) Valuation - Compare current price (₹404.20) with book value (₹233.23) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Nitin Spinners Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹404.2 is 3942x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Nitin Spinners Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹302.20 - ₹426.80). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.89 indicates leverage. 4) Liquidity Risk - Based on trading volume of 97,150 shares. 5) Valuation Risk - P/E of 11.36 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Nitin Spinners Ltd operates in the industry with key metrics: P/E ratio of 11.36, ROE of 6.06%, market cap of ₹1,922.72 crores, and dividend yield of 0.89%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.89), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Nitin Spinners Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹404.2, with a 52-week range of ₹302.20 to ₹426.80. Based on fundamentals like P/E (11.36), ROE (6.06%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Nitin Spinners Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹404.20. 2) Fundamental Deterioration - Declining ROE (currently 6.06%), increasing debt (D/E: 0.89), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Nitin Spinners Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.89%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.