Nitin Spinners Ltd.

NITINSPIN

₹321.35

-2.67% (-8.8)

Market Cap

₹1,807 Cr.

P/E

10.74

About

Nitin Spinners Limited, established in 1992 in Bhilwara, India, is a leading manufacturer of Cotton Yarn, Knitted Fabrics, and Finished Woven Fabrics. The company responded to the need for quality pro… Read more

Nitin Spinners Limited, established in 1992 in Bhilwara, India, is a leading manufacturer of C… Read more

Low

291

52W Range

High

494

Timeline

Key company specific updates

Company Timeline

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Forensics

10 Yes

Positive for this company

2 Neutral

Neutral for this company

5 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Promoter Holding

Promoter has not sold any shares in the last 90 days
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Sales Growth

Sales of the company has grown at a good pace
Balance Sheet Strength

Balance sheet of the company is moderately strong
Capex vs ROCE

Roce of the company has decreased even without significant capex
Debt

Company might have issues servicing its debt
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Raw Material Break-Up

Operational Metrics

Manufacturing Capacity - Knitted Fabrics (MTPA)
Source
Realization/Metre - Woven Fabric (Rs/Metre)
Source
Capacity Utilization - Knitted Fabric (%)
Source
Capacity Utilization - Woven Fabric (%)
Source
Realization/Tonne - Knitted Fabric (Rs/Tonne)
Source
Manufacturing Capacity - Woven Fabric (Mn Mtrs)
Source
Manufacuring Capacity - Yarn (MTPA)
Source
Realization / Kg - Yarn (Rs/Kg)
Source
Capacity Utilization - Yarn (%)
Source

Peer Comparison

FAQs on Nitin Spinners Ltd. Business

What does Nitin Spinners do?

Nitin Spinners Limited, established in 1992, is India’s leading manufacturer of Cotton Yarn, Knitted Fabrics, and Finished Woven Fabrics with a focus on high-quality products and services. It has shown remarkable growth in the Indian Textile Industry through forward integration.

Who are the competitors of Nitin Spinners?

Nitin Spinners major competitors are Sangam India, Filatex India, Raj Rayon Industries, Jaybharat Textiles, AYM Syntex, Sportking India, Pashupati Cotspin.
Market Cap of Nitin Spinners is ₹1,885 Crs.
While the median market cap of its peers are ₹1,072 Crs.

Is Nitin Spinners financially stable compared to its competitors?

Nitin Spinners seems to be less financially stable compared to its competitors.
Altman Z score of Nitin Spinners is 2.82 and is ranked 6 out of its 8 competitors.

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Discussions & Analysis

Nitin Spinners Ltd.

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Nitin Spinners Ltd.