Nitin Spinners Ltd Analyst Rating
based on 2 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 2 analysts offering long term price targets for Nitin Spinners Ltd. An average target of ₹530
Source: S&P Global Market Intelligence
Nitin Spinners Ltd Share analysis
Nitin Spinners Ltd price forecast by 2 analysts
Upside of40.64%
High
₹554
Target
₹530.00
Low
₹506
Nitin Spinners Ltd target price ₹530, a slight upside of 40.64% compared to current price of ₹376.85. According to 2 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Nitin Spinners Ltd revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Nitin Spinners Ltd EPS growth forecast
EPS estimate Q1, FY2026:0
Forecast
Actual
Source: S&P Global Market Intelligence
Nitin Spinners Ltd Performance
Day's Low
Day's High
₹357.1₹37952 Week's Low
52 Week's High
₹293₹474
| Returns % | |
| 1 Month Return | -5.69 % |
| 3 Month Return | -14.76 % |
| 1 Year Return | + 7.12 % |
| Market Stats | |
| Previous Close | ₹361.30 |
| Open | ₹360.85 |
| Volume | 1.46L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹2,031.23Cr |
Nitin Spinners Ltd Key Statistics
| P/E Ratio | 0 |
| PEG Ratio | 0 |
| Market Cap | ₹2,031.23 Cr |
| P/B Ratio | 1.59 |
| EPS | 0 |
| Dividend Yield | 0 |
| Sector | Textiles |
| ROE | 12.09 |
Nitin Spinners Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹2,031.23 Cr | 134.45% | 0.77 | NA | NA | |
| NA | ₹45.64 Cr | 105.02% | 0.63 | NA | NA | |
| NA | ₹112.70 Cr | 41.19% | 0.71 | NA | NA | |
| NA | ₹44.24 Cr | 80.35% | 0.50 | ₹4 Cr | NA | |
| NA | ₹963.87 Cr | 30.53% | 0.51 | NA | NA |
Nitin Spinners Ltd Mutual Fund Holdings
About Nitin Spinners Ltd
Share Price: ₹376.85 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,031.23Cr as of today
Listing date: 02 Feb, 2006
| Organisation | Nitin Spinners Ltd |
| Headquarters | |
| Industry | Textiles |
| E-voting on shares | Click here to vote |
Key events for Nitin Spinners Ltd
Nitin Spinners Reports Strong Q2 Growth - 08 Nov, 2024
Nitin Spinners reported standalone net sales of Rs 822.52 crore for September 2024, up 11.54% YoY. Net profit rose 33.01% to Rs 42.16 crore, while EBITDA increased by 40.73%. EPS improved to Rs 7.50 from Rs 5.64. The stock has delivered 12.75% returns over the last six months and 39.45% over the past year.
Nitin Spinners Shows Financial Improvement and Global Recognition - 28 Oct, 2024
Nitin Spinners Limited, with a market cap of ₹21.05 billion, has improved its net debt to equity ratio and reported 13% earnings growth. The company is trading 44.6% below its estimated fair value and has been included in the S&P Global BMI Index, indicating growing global recognition.
Insights on Nitin Spinners Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPromoter Holding Up
Promoters have increased holdings from 56.47% to 56.50% in Sep 2024 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.60% to 0.74% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Swan Energy Ltd has given 37.2% return, outperforming this stock by 30.1%
- NO EFFECT
Against Peers
In the last 3 years, Swan Energy Ltd has given 386.8% return, outperforming this stock by 337.3%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 27.94% to 27.91% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, NITINSPIN stock has moved down by -2.1%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 14.99% to 14.73% in Sep 2024 quarter
Nitin Spinners Ltd Financials
Index Inclusions
Nitin Spinners Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.5% | 0.06 | |
| Foreign Institutions | 0.74% | 22.68 | |
| Mutual Funds | 14.73% | ||
| Retail Investors | 27.91% | ||
| Others | 0.12% | 115500.00 |
Nitin Spinners Ltd Key Indicators
Nitin Spinners Ltd Earnings and Dividends
Nitin Spinners Ltd Earnings Results
Nitin Spinners Ltd’s net profit jumped 33% since last year same period to ₹42.16Cr in the Q2 2024-2025. On a quarterly growth basis, Nitin Spinners Ltd has generated 0.09% jump in its net profits since last 3-months.
Read More about Earnings ResultsNitin Spinners Ltd Dividends May,2024
In the quarter ending March 2024, Nitin Spinners Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.66%.
Read More about Dividends
Nitin Spinners Ltd Technicals Summary
Bearish
Neutral
Bullish
Nitin Spinners Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Nitin Spinners Ltd
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Nitin Spinners Ltd (NITINSPIN) share price today is ₹376.85
Nitin Spinners Ltd is listed on NSE
Nitin Spinners Ltd is listed on BSE
- Today’s highest price of Nitin Spinners Ltd is ₹379.
- Today’s lowest price of Nitin Spinners Ltd is ₹357.1.
Today’s traded volume of Nitin Spinners Ltd(NITINSPIN) is 1.46L.
Today’s market capitalisation of Nitin Spinners Ltd(NITINSPIN) is ₹2031.23Cr.
| Nitin Spinners Ltd(NITINSPIN | Price |
|---|---|
52 Week High | ₹474 |
52 Week Low | ₹293 |
Nitin Spinners Ltd(NITINSPIN) share price is ₹376.85. It is down -20.50% from its 52 Week High price of ₹474
Nitin Spinners Ltd(NITINSPIN) share price is ₹376.85. It is up 28.62% from its 52 Week Low price of ₹293
| Nitin Spinners Ltd(NITINSPIN | Returns |
|---|---|
1 Day Returns | 15.55% |
1 Month Returns | -5.69% |
3 Month Returns | -14.76% |
1 Year Returns | 7.12% |