MarketFriction

Nitin Spinners Ltd

NSE NITINSPIN · BSE 532698 · Other Textile Products
₹594.60 -0.62%
NSE close2026-10-01
52 week range302.20 - 665.50
Market cap₹3,403 Cr.
P/E16.1
Price band 20% Delivery 37.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales737750801803823839841793760801860875
Expenses655648684684707722721682661689729719
Operating Profit82103116119115117120111100112130156
OPM %11%14%15%15%14%14%14%14%13%14%15%18%
Other Income001111121122
Interest152528272221212116171719
Depreciation243536373737373737373738
Profit before tax4343535757606355475878101
Tax %26%26%26%26%26%25%27%26%26%24%27%25%
Net Profit323239424245464135445775
EPS in Rs5.645.656.977.497.507.978.257.296.197.9010.2013.39
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7669331,1451,2411,4361,6222,6902,4042,9023,3003,2083,296
Expenses6297999901,0621,2661,3652,0392,1072,5252,8292,7562,798
Operating Profit137133155178170257652297377471453497
OPM %18%14%14%14%12%16%24%12%13%14%14%15%
Other Income112322-332456
Interest332230295662553883907169
Depreciation4042565581918787118148148149
Profit before tax6570719736107506176178237239285
Tax %32%18%27%34%33%35%36%6%26%26%26%
Net Profit445752642469326165132175178212
EPS in Rs9.6312.519.4311.404.2412.2558.0129.3223.3931.2031.5837.68
Dividend Payout %10%10%13%11%14%12%4%9%11%10%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%15%10%0%
Compounded Profit Growth15%21%3%22%
Stock Price CAGR24%23%28%78%
Return on Equity17%18%13%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital464646565656565656565656
Reserves1211602183614264385078209731,0901,2551,415
Borrowings3783525684498601,0409626899801,3391,1651,124
Other Liabilities6577536393111151260209231256319
Total Liabilities6106358859291,4361,6451,6761,8242,2182,7172,7322,915
Fixed Assets4173826135705241,1401,0601,0121,0111,7091,5771,489
CWIP0170446802034027102
Investments0000000000017
Other Assets1932362723554455066158128671,0051,1481,306
Total Assets6106358859291,4361,6451,6761,8242,2182,7172,7322,915
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity45100546610498155431194163307411
Cash from Investing Activity-219-36-241-20-483-217-11-86-433-426-22-287
Cash from Financing Activity176-65188-47382116-144-345239262-279-128
Net Cash Flow1-01-13-3-00-007-4
Free Cash Flow-17565-18846-380-119143345-240-262286119
CFO/OP56%83%52%53%69%64%66%82%83%50%76%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days241919283639373334404849
Inventory Days90901051039996137100110108105110
Days Payable91011131515212012141618
Cash Conversion Cycle10599113118119120153113132134137141
Working Capital Days323122543716284640435144
ROCE %18%18%13%12%11%6%11%37%12%12%13%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.41%56.41%56.46%56.47%56.51%56.51%56.62%56.62%56.62%56.71%56.71%56.71%
FIIs1.32%1.09%0.70%0.61%0.74%1.50%0.99%0.82%0.89%0.93%1.10%1.92%
DIIs11.24%13.32%13.74%14.99%14.85%15.48%15.42%15.69%15.69%14.34%14.28%14.68%
Public31.02%29.18%29.11%27.93%27.90%26.50%26.96%26.87%26.80%28.03%27.93%26.70%
No. of Shareholders33,77432,33430,71629,27534,59735,93437,26636,48335,87635,36535,00231,698

Fundamentals

Market Cap₹ 3,403 Cr.
Current Price₹ 606
Stock P/E16.1
Book Value₹ 262
ROCE12.2 %
ROE12.8 %
Dividend Yield0.49 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)22%
Standalone figures.
Valuation
Market capRs 3,343 Cr
Enterprise valueRs 4,459 Cr
P/E (TTM)15.78x
Price to book2.27x
Price to sales1.01x
EV / EBITDA8.87x
EV / EBIT12.60x
EV / sales1.35x
Price to cash flow8.14x
Earnings yield6.34%
Dividend yield0.50%
P/E, 3-year average11.66x
P/B, 3-year average1.42x
P/E, 5-year average9.31x
P/B, 5-year average1.39x
Profitability
Operating margin (excl. other income)14.11%
Operating margin (incl. other income)14.27%
EBITDA margin15.26%
Pre-tax margin8.64%
Net profit margin6.43%
Net margin, latest quarter8.60%
ROE12.76%
ROCE12.21%
ROA6.29%
ROE, 3-year average13.04%
ROCE, 3-year average12.34%
ROA, 3-year average6.02%
ROE, 5-year average20.35%
ROCE, 5-year average17.06%
ROA, 5-year average8.97%
ROIC (approx.)10.17%
Tax rate25.64%
Other income / net worth0.34%
Growth
Sales growth (latest year)-2.78%
Profit growth (latest year)1.21%
Sales CAGR, 3 years10.10%
Sales CAGR, 5 years14.61%
Profit CAGR, 3 years2.51%
Profit CAGR, 5 years20.85%
Sales growth QoQ1.77%
Profit growth QoQ31.22%
Sales growth YoY (latest quarter)10.30%
Profit growth YoY (latest quarter)83.63%
Per share
EPS (TTM)Rs 37.68
EPS (latest year)Rs 31.58
EPS (latest quarter)Rs 13.39
EPS, 3-year averageRs 28.73
EPS, 5-year averageRs 34.70
Book value per shareRs 261.60
Sales per shareRs 586.19
Cash flow per shareRs 73.02
Free cash flow per shareRs 21.17
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 2.83
Dividend per share, 5-year averageRs 2.70
Dividends
Dividend payout9.50%
Dividend payout, 3-year average9.94%
Dividend payout, 5-year average8.53%
Efficiency
Asset turnover1.10x
Fixed asset turnover2.15x
Inventory turnover4.00x
Inventory days91 days
Debtor days49 days
Debtors turnover7.43x
Creditor days18 days
Cash conversion cycle141 days
Working capital days44 days
Leverage
Total debtRs 1,124 Cr
Cash and bankRs 9 Cr
Net debtRs 1,116 Cr
Debt to equity0.76x
Net debt / EBITDA2.22x
Interest coverage5.11x
Current ratio (filing 2026-03-31)1.53x
Quick ratio (filing 2026-03-31)0.72x
Trade payables (filing 2026-03-31)Rs 102 Cr
Owners' fund to total sources50.46%
Debt to assets38.58%
Cash flow
Cash from Operating Activity (latest year)Rs 411 Cr
Cash from Investing Activity (latest year)Rs -287 Cr
Cash from Financing Activity (latest year)Rs -128 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 119 Cr
FCFE (approx.: FCF + change in debt)Rs 79 Cr
Cash from ops / profit, 5 years1.54x
Sales to cash flow7.82x
Statement figures
Net sales (TTM)Rs 3,296 Cr
Net sales (latest year)Rs 3,208 Cr
Sales (latest quarter)Rs 875 Cr
Operating profit excl. other income (latest year)Rs 453 Cr
Operating profit (latest quarter)Rs 156 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 503 Cr
PBDT (TTM)Rs 434 Cr
Profit before tax (TTM)Rs 285 Cr
Tax (latest year)Rs 61 Cr
Net profit (TTM)Rs 212 Cr
Net profit (latest year)Rs 178 Cr
Net profit (latest quarter)Rs 75 Cr
Depreciation (TTM)Rs 149 Cr
Depreciation (latest quarter)Rs 38 Cr
Interest (TTM)Rs 69 Cr
Cost of goods sold (latest year)Rs 2,429 Cr
Total expenditure (latest year)Rs 2,756 Cr
Total income (latest year)Rs 3,213 Cr
Share capitalRs 56 Cr
ReservesRs 1,415 Cr
Shareholders' fundsRs 1,471 Cr
Total assetsRs 2,915 Cr
Net blockRs 1,489 Cr
Capital work in progressRs 102 Cr
InvestmentsRs 17 Cr
ReceivablesRs 432 Cr
InventoryRs 608 Cr
Other liabilitiesRs 319 Cr
Shares outstanding (crore)5.62
Ownership
Promoter holding56.71% (+0.09 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.8 is at the 74th percentile of its own 9.4-year range (median 10.8, low 2.5, high 28.8).
P/B 2.27 is at the 85th percentile (median 1.51).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNITINSPINNifty 50Difference
1 week-1.8%-2.8% +1.0 pts
1 month-5.7%-6.8% +1.1 pts
3 months+5.5%-7.6% +13.1 pts
6 months+73.2%+0.4% +72.7 pts
1 year+74.1%-9.9% +84.0 pts
2 years+50.2%-13.6% +63.8 pts
3 years+103.6%+14.2% +89.4 pts
5 years+180.4%+27.9% +152.5 pts
8 mutual fund schemes hold about ₹512 Cr. Over three months 0 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.55%187 -13%
Quant Small Cap Fund0.48%171 -4%
Mahindra Manulife Small Cap Fund1.28%70 -4%
Mahindra Manulife Multi Cap Fund0.64%49 -6%
Bajaj Finserv Small Cap Fund0.77%20 -13%
Bajaj Finserv Multi Cap Fund0.69%11 -9%
Bajaj Finserv ELSS-Tax Saver Fund2.65%2 -43%
Motilal Oswal BSE 1000 Index Fund0.01%0 -5%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹875 Cr +10.3% vs Jun 2025. Net profit ₹75 Cr +82.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 3 Per Share
2025-08-29Dividend - Rs 3 Per Share
2024-09-09Annual General Meeting/Dividend - Rs 2.50 Per Sh
2023-09-11Annual General Meeting/Dividend - Rs 2.50 Per Share
2022-09-07Annual General Meeting/Dividend - Rs 2.50 Per Sh
2022-02-10Interim Dividend - Rs 1.50 Per Share
2021-09-08 Annual General Meeting/Dividend - Rs 1.50 Per Share
2020-09-08 Annual General Meeting/Dividend - Rs 0.60 Per Share
2019-09-12 Annual General Meeting/Dividend - Rs 1.25 Per Share
2018-09-12 Annual General Meeting/Dividend Rs 1.2 Per Share
2017-08-24 Annual General Meeting/Dividend - Rs 1.20 Per Share
2016-09-15 Annual General Meeting/Dividend - Re 1/- Per Share
2015-09-15 Annual General Meeting/ Dividend - Re 1/- Per Share
2014-09-02Annual General Meeting / Dividend - Re 0.75/- Per Share
2013-09-06Annual General Meeting
2012-09-17Annual General Meeting
2011-09-08Annual General Meeting
2010-09-16Annual General Meeting
2009-09-17Annual General Meeting
2008-09-11Annual General Meeting
2007-09-05Agm
2006-08-10Agm
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2018-10-30CESTATNITIN SPINNERS LIMITED ---VS.--- JODHPUR 1
2018-01-08CESTATNITIN SPINNERS LIMITED ---VS.--- UDAIPUR
2017-09-21CESTATNITIN SPINNERS LTD., ---VS.--- C.C.E. JAIPUR II
2017-09-08CESTATNITIN SPINNERS LTD ---VS.--- C.C.E. JAIPUR I
2017-08-24CESTATNITIN SPINNERS LTD., ---VS.--- C.C.E. JAIPUR II
2017-08-22CESTATNITIN SPINNERS, ---VS.--- C.C.E. JAIPUR I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nitin Spinners Ltd?

Nitin Spinners Ltd (NITINSPIN) has a market capitalisation of Rs 3,403 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nitin Spinners Ltd?

Nitin Spinners Ltd trades at a P/E of 16.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nitin Spinners Ltd's latest quarterly results?

In the Jun 2026 quarter, Nitin Spinners Ltd sales was Rs 875 Cr (+10.3% vs Jun 2025) and net profit was Rs 75 Cr.

What is the 52-week high and low of Nitin Spinners Ltd?

The 52-week high is Rs 665.50 and the 52-week low is Rs 302.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03