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Nitin Spinners Ltd

(NITINSPIN)

₹441.752.91%

as on 04:01PM, 26 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Nitin Spinners Ltd Analyst Rating

based on 2 analysts

BUY

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 of16.48%

High

₹554

Target

₹530.00

Low

₹506

Nitin Spinners Ltd target price ₹530, a slight upside of 16.48% compared to current price of ₹441.75. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Nitin Spinners Ltd Performance

  • Day's Low

    Day's High

    ₹436.05
    Day's Price Range
    ₹453
  • 52 Week's Low

    52 Week's High

    ₹293
    52-Week Price Range
    ₹494.35
1 Month Return+ 13.84 %
3 Month Return+ 16.5 %
1 Year Return+ 36.78 %
Previous Close₹455.00
Open₹453.00
Volume1.43L
Upper Circuit-
Lower Circuit-
Market Cap₹2,558.01Cr

Nitin Spinners Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹2,558.01 Cr
P/B Ratio1.59
EPS0
Dividend Yield0
SectorTextiles
ROE12.09

Nitin Spinners Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,558.01 Cr171.98%0.77NANA
NA₹4,071.92 Cr64.62%0.58₹71 Cr₹3,925 Cr
NA₹181.72 Cr104.66%0.84-₹40 Cr₹44 Cr
NA₹10.15 Cr63.25%0.99NANA
NA₹37.01 Cr-0.61%0.58NANA

About Nitin Spinners Ltd

Nitin Spinners Ltd is an ISO 9001:2008 certified company and a Government of India recognized Export House. Established in 1992 as a private limited company, Nitin specialized in the textiles business, manufacturing 100% cotton yarns and fabrics. The company has set up their first unit at Hamirgarh Bhilwara Rajasthan in 1993 with two openend spinning machines with 192 Rotors each, providing a total capacity of 384 Rotors. Nitin Spinners Ltd gradually expanded their production capacity to 1080 Rotors through addition of one Autoconer Machine of 216 Rotors from Schlafhorst AG Co. Germany and two Autoconer openend spinning machines of 240 Rotors from Schlafhorst AG Co. Germany. Nitin Spinners Ltd also set up 14112 spindles to produce combed and carded cotton yarns of 20s to 40s count and seven knitting machines. They expanded their Rotor Spinning capacity adding 2000 Rotors, and further increased their capacity to 50400 spindles Knitting Machines and F.O. based Power Plant of 7.66 MW. Additionally, the company also commenced commercial production for a coal/ lignite based thermal power project with installed capacity of 10.50 MW. Through these expansions, Nitin Spinners Ltd aims to provide fabrics in greige form for various textiles products like apparel, terry towels, medical textiles, and more.

Share Price: ₹441.75 per share as on 26 Dec, 2024 04:01 PM
Market Capitalisation: ₹2,558.01Cr as of today
Listing date: 02 Feb, 2006
OrganisationNitin Spinners Ltd
Headquarters
IndustryTextiles
E-voting on sharesClick here to vote

Key events for Nitin Spinners Ltd

  • Nitin Spinners Gains from Order Diversion to India - 10 Dec, 2024

    Nitin Spinners Ltd is in focus as international fashion brands are likely to shift their orders to India. The stock is trading at Rs 481.85, up 0.67% from the previous close.

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.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 56.47% to 56.50% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.60% to 0.74% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 392.1% return, outperforming this stock by 308.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 45.0% return, outperforming this stock by 12.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, NITINSPIN stock has moved down by -4.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 27.94% to 27.91% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 14.99% to 14.73% in Sep 2024 quarter

Nitin Spinners Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹1,744.03Cr (-)₹1,827.65Cr (↑4.79%)₹2,220.30Cr (↑21.48%)₹2,720.20Cr (↑22.51%)
Total Liabilities₹1,180.68Cr (-)₹951.84Cr (↓19.38%)₹1,191.40Cr (↑25.17%)₹1,573.87Cr (↑32.10%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹98.19Cr (-)₹154.87Cr (↑57.72%)₹431.43Cr (↑178.58%)₹193.76Cr (↓55.09%)₹163.48Cr (↓15.63%)

Index Inclusions

BSE Small-Cap

₹54,893.21

-0.24 (-129.96%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nitin Spinners Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.5%
0.06
Foreign Institutions
0.74%
22.68
Mutual Funds
14.73%
-1.70
Retail Investors
27.91%
-0.12
Others
0.12%
115500.00

Nitin Spinners Ltd Key Indicators

Details20202021202220232024
Return On Equity %4.8813.0345.3217.3112.09

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 Results
  • Nitin 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 0.57%.

    Read More about Dividends

Nitin Spinners Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

Nitin Spinners Ltd is currently in a Neutral trading position according to technical analysis indicators.

FAQs on Nitin Spinners Ltd

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Nitin Spinners Ltd (NITINSPIN) share price today is ₹441.75

Nitin Spinners Ltd is listed on NSE

Nitin Spinners Ltd is listed on BSE

  • Today’s highest price of Nitin Spinners Ltd is ₹453.
  • Today’s lowest price of Nitin Spinners Ltd is ₹436.05.

Today’s traded volume of Nitin Spinners Ltd(NITINSPIN) is 1.43L.

Today’s market capitalisation of Nitin Spinners Ltd(NITINSPIN) is ₹2558.01Cr.

Nitin Spinners Ltd(NITINSPINPrice
52 Week High
₹494.35
52 Week Low
₹293

Nitin Spinners Ltd(NITINSPIN) share price is ₹441.75. It is down -10.64% from its 52 Week High price of ₹494.35

Nitin Spinners Ltd(NITINSPIN) share price is ₹441.75. It is up 50.77% from its 52 Week Low price of ₹293

Nitin Spinners Ltd(NITINSPINReturns
1 Day Returns
-13.25%
1 Month Returns
13.84%
3 Month Returns
16.5%
1 Year Returns
36.78%