Nitin Spinners Ltd

Nitin Spinners Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nitin Spinners Ltd

₹ 377 4.30%
22 Nov - close price
nitinspinners.com BSE: 532698 NSE: NITINSPIN
About

Founded in 1992 in Bhilwara of Rajasthan, Nitin Spinners is India’s leading manufacturer of cotton yarn, knitted fabrics and finished woven fabrics.

Key Points

Product Portfolio[1]
Yarn - 100% cotton and blended yarns used for manufacturing denims, bed linen, tea bags, terry towel etc.
Knitted Fabric - Single Jersey with elastane. Used for manufacturing innerwear, sports wear, babywear, winterwear etc.
Finished Woven Fabric - Cotton Spandex Fabrics. Used for manufacturing fashion wear, defence wear, healthcare wear etc.

Website BSE NSE
  • Market Cap ₹ 2,119 Cr.
  • Current Price ₹ 377
  • High / Low ₹ 474 / 293
  • Stock P/E 13.6
  • Book Value ₹ 217
  • Dividend Yield 0.66 %
  • ROCE 11.6 %
  • ROE 12.1 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 20.7% of last 10 years

Cons

  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
665 705 769 709 506 537 655 617 737 750 801 803 823
487 527 602 600 449 477 584 541 655 648 684 684 707
Operating Profit 177 178 167 109 57 60 71 76 82 103 116 119 115
OPM % 27% 25% 22% 15% 11% 11% 11% 12% 11% 14% 15% 15% 14%
-4 0 1 1 1 0 1 1 0 0 1 1 1
Interest 14 13 14 11 9 7 10 15 15 25 28 27 22
Depreciation 22 22 22 22 22 22 21 23 24 35 36 37 37
Profit before tax 138 143 132 77 27 31 41 39 43 43 53 57 57
Tax % 36% 35% 35% 14% -6% -1% 5% 26% 26% 26% 26% 26% 26%
87 93 85 66 29 32 39 29 32 32 39 42 42
EPS in Rs 15.54 16.59 15.20 11.66 5.18 5.62 6.86 5.14 5.64 5.65 6.97 7.49 7.50
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Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
446 488 616 766 933 1,145 1,241 1,436 1,622 2,690 2,404 2,902 3,177
358 394 516 629 799 990 1,062 1,266 1,365 2,039 2,107 2,525 2,724
Operating Profit 88 94 100 137 133 155 178 170 257 652 297 377 453
OPM % 20% 19% 16% 18% 14% 14% 14% 12% 16% 24% 12% 13% 14%
-15 0 4 1 1 2 3 2 2 -3 3 2 3
Interest 27 17 23 33 22 30 29 56 62 55 38 83 101
Depreciation 24 25 28 40 42 56 55 81 91 87 87 118 145
Profit before tax 21 52 54 65 70 71 97 36 107 506 176 178 210
Tax % 33% 33% 24% 32% 18% 27% 34% 33% 35% 36% 6% 26%
14 35 41 44 57 52 64 24 69 326 165 132 155
EPS in Rs 3.09 7.59 8.94 9.63 12.51 9.43 11.40 4.24 12.25 58.01 29.32 23.39 27.61
Dividend Payout % 0% 10% 11% 10% 10% 13% 11% 14% 12% 4% 9% 11%
Compounded Sales Growth
10 Years: 20%
5 Years: 19%
3 Years: 21%
TTM: 25%
Compounded Profit Growth
10 Years: 14%
5 Years: 15%
3 Years: 24%
TTM: 19%
Stock Price CAGR
10 Years: 30%
5 Years: 51%
3 Years: 14%
1 Year: 7%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 23%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 46 46 46 46 46 56 56 56 56 56 56 56 56
Reserves 55 86 121 160 218 361 426 438 507 820 973 1,090 1,161
207 176 378 352 568 449 860 1,040 962 689 980 1,339 1,180
38 46 65 77 53 63 93 111 151 260 209 231 254
Total Liabilities 346 354 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,652
213 191 417 382 613 570 524 1,140 1,060 1,012 1,011 1,709 1,648
CWIP 0 21 0 17 0 4 468 0 2 0 340 2 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
133 142 193 236 272 355 445 506 615 812 867 1,005 1,004
Total Assets 346 354 610 635 885 929 1,436 1,645 1,676 1,824 2,218 2,717 2,652

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
89 87 45 100 54 66 104 98 155 431 194 163
-4 -39 -219 -36 -241 -20 -483 -217 -11 -86 -433 -426
-84 -48 176 -65 188 -47 382 116 -144 -345 239 262
Net Cash Flow 0 -0 1 -0 1 -1 3 -3 -0 0 -0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 19 24 19 19 28 36 39 37 33 34 40
Inventory Days 113 87 90 90 105 103 99 105 137 100 110 108
Days Payable 7 13 9 10 11 13 15 16 21 20 12 14
Cash Conversion Cycle 129 92 105 99 113 118 119 127 153 113 132 134
Working Capital Days 56 53 64 58 66 82 91 89 92 85 104 110
ROCE % 20% 23% 18% 18% 13% 12% 11% 6% 11% 37% 12% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.25% 56.25% 56.36% 56.36% 56.40% 56.41% 56.41% 56.41% 56.41% 56.46% 56.47% 56.51%
4.02% 4.84% 4.26% 3.81% 3.80% 2.40% 2.21% 1.32% 1.09% 0.70% 0.61% 0.74%
4.26% 4.62% 5.03% 5.57% 5.37% 6.30% 8.47% 11.24% 13.32% 13.74% 14.99% 14.85%
35.47% 34.29% 34.35% 34.26% 34.41% 34.88% 32.92% 31.02% 29.18% 29.11% 27.93% 27.90%
No. of Shareholders 32,96937,79142,15443,67343,07840,54637,04533,77432,33430,71629,27534,597

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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