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Nitin Spinners Limited

Nitin Spinners Limited

601.75
INR
-21.20
(-3.40%)
37.68EPS
15.18P/E
32.16BMarket Cap
Oct 31Next Earn
Nitin Spinners Limited
NSE:NITINSPIN
(National Stock Exchange of India)

Recent

price

601.75

P/E

ratio

15.18

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
88.55
93.45
97.32
106.55
134.5
167.31
200.79
227.28
219.02
253.16
286.14
473.85
424.23
512.47
583.94
567.42
586.23
Revenue per Share
1.47
0.07
3.08
7.59
8.94
9.64
12.51
10.56
11.43
4.24
12.25
58.01
29.32
23.39
31.2
31.58
37.68
Basic EPS, GAAP
9.73
13.39
16.85
10.35
-39.62
14.06
-48.08
9.3
-67.75
-106.5
25.34
60.29
-42.96
-116.23
50.82
21.16
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.75
1
1
1.11
1.2
1.25
0.6
3
2.5
2.5
2.5
3
- -
Dividend per Share
18.84
18.91
21.99
28.7
36.44
46.07
57.66
75.03
85.83
87.87
100.2
155.78
183.01
203.9
233.23
261.6
- -
Book Value per Share
18.84
18.91
21.99
28.7
36.36
46
57.56
74.96
85.77
87.6
99.99
155.56
182.83
203.78
233.16
261.56
- -
Tangible Book Value per Share
46
46
46
46
46
46
46
50
56
56
56
56
56
56
56
56
56
Basic Weighted Avg Shares
4,059
4,283
4,461
4,883
6,165
7,669
9,203
11,273
12,283
14,233
16,087
26,640
23,850
28,811
32,829
31,901
32,956
Sales/Revenue/Turnover
11.85
4.92
14.09
14.15
12.47
12.72
8.56
7.17
8.93
5.22
9.35
20.12
7.93
8.12
9.17
8.86
10.57
Operating Margin (%)
453
240
245
249
279
396
417
562
546
807
910
874
868
1,185
1,477
1,481
1,489
Depreciation Expense
67
3
141
348
410
442
573
524
641
238
689
3,261
1,648
1,315
1,754
1,775
2,118
Net Income, GAAP
30.32
- -
32.6
33.06
23.79
32.26
- -
26.67
34.11
33.18
35.34
35.57
6.29
25.92
25.96
25.64
25.57
Effective Tax Rate (%)
1.66
0.07
3.17
7.12
6.64
5.76
6.23
4.65
5.22
1.67
4.28
12.24
6.91
4.56
5.34
5.57
6.43
Profit Margin (%)
440
350
517
579
554
552
577
1,709
1,277
643
1,275
3,430
2,658
3,447
4,685
3,962
- -
Working Capital
2,085
1,837
1,623
1,307
2,942
2,409
3,894
3,105
6,187
6,764
5,639
4,072
5,611
8,106
6,367
5,452
- -
LT Debt
864
867
1,008
1,316
1,670
2,111
2,643
4,168
4,825
4,940
5,633
8,758
10,289
11,463
13,112
14,707
- -
Total Equity
9.1
- -
4.79
12.52
10.37
8.18
- -
6.97
6.5
3.46
6.37
21.99
9.89
7.71
8.97
8.27
- -
Return on Invested Capital (%)
1.83
- -
4.79
16.33
14.32
11.99
- -
8.3
7.3
4.03
6.92
23.21
10.99
8.4
9.53
8.86
- -
Return on Capital (%)
8.12
0.35
15.08
29.94
27.44
23.36
24.13
15.38
14.26
4.88
13.03
45.32
17.31
12.09
14.28
12.76
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5,793
- -
LT Borrowings
- -
5,452
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
56
56
Market Capitalization
17,701
19,306
32,158

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
11,465
- -
Cash, Cash Equivalents & STI
- -
89
- -
Accounts Receivable, Net
- -
4,319
- -
Inventories
- -
6,077
- -
Total Current Liabilities
- -
7,503
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5,793
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.6%
22.18%
12.17%
Free Cash Flow
-161.75%
-12.96%
-58.37%
Net Income, GAAP
50.84%
67.69%
1.21%
Sales/Revenue/Turnover
16.74%
17.41%
-2.83%
Total Cash Common Dividend
- -
- -
20%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8,030
8,225
8,389
8,413
32,829
2026
7,933
7,601
8,007
8,598
31,901
2027
8,750
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7.49
7.5
7.96
8.25
31.2
2026
7.29
6.19
7.9
10.2
31.58
2027
13.39
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
3
2027
- -
- -
- -
- -
- -
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Business
Nitin Spinners Limited manufactures and sells cotton and blended yarns, greige knitted fabrics, and finished and printed woven fabrics in India and exports to over 50 countries. Founded in 1992 and headquartered in Bhilwara, Rajasthan, the company operates a fully integrated production model across 12 units at two locations, equipped with advanced machinery from global leaders such as Rieter, Trutzschler, LMW, Uster, Karl Mayer, Picanol, and Benninger; its yarn portfolio includes open-end yarns, ring-spun combed and compact yarns, multifold ring-spun yarns, fancy slub yarns, core-spun yarns, S&Z twist yarns, 100% organic cotton yarns, blends like cotton-linen, cotton-modal, and cotton-viscose, as well as dyed yarns, while knitted fabrics encompass three-thread fleece, premium rib structures, and other greige varieties, and finished woven fabrics target applications in formal wear, fashion wear, casual wear for menswear, womenswear and kidswear, furnishings, and technical textiles including fire-retardant materials. Nitin Spinners maintains spinning capacity of approximately 110 tonnes per day with 434,832 spindles and 5,864 rotors, weaving capacity of 40 million meters annually with 222 airjet machines, and knitting capacity with 77 circular machines, supported by in-house dyeing, finishing, and 23 MW solar power generation emphasizing sustainability through zero-liquid discharge and waste reprocessing. In recent developments, the company completed a Rs 955 crore expansion in 2024 boosting revenues 21% to Rs 2,906 crore for the fiscal year, and in January 2025 announced a Rs 1,100 crore investment--financed by Rs 800 crore debt and internal accruals--to add 66,096 spindles for 22.4 tonnes per day extra spinning capacity reaching 132 tonnes per day by 2027, 35 million meters more woven fabric production to 75 million meters via 240 new airjet/rapier looms and enhanced finishing, premium specialty yarns and yarn-dyed fabrics, 14 MW additional solar capacity, entry into high-margin segments qualifying for Rajasthan Investment Promotion Scheme incentives, with operations ramping up from October 2026.