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Nitin Spinners Ltd.

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nitinspinners.comBSE: 532698NSE: NITINSPIN
Market Cap₹ 3,662 Cr.
Current Price
High / Low₹ 666 / 302
Stock P/E17.3
Book Value₹ 275
Price to Book1.31
Dividend Yield0.46 %
ROCE12.2 %
ROE12.8 %
Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence
50%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 20.9% CAGR over last 5 years
  • Latest quarter profit grew 83.6% YoY, showing strong momentum
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.82x)
  • Company has a consistent dividend-paying track record
  • Company generates healthy free cash flow

CONS

  • Valuation is stretched - P/E of 17.3 is well above its own 5-year median (10.9)
  • Growth is decelerating - 3Y profit CAGR (2.5%) trails the 5Y trend (20.9%)
  • Though reporting repeated profits, the company pays out little dividend (9.5%)
  • Expensive relative to growth - PEG of 6.9

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile - Spinning
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.TRIDENT23.4330.2111939.822.13158.0912.951786.834.689.9516.79
2.SANATHAN474.6065.954005.820.0023.82-41.081334.7479.087.098.10
3.FILATEX87.8620.413901.500.3448.5219.331145.309.1417.156.85
4.NITINSPIN651.3517.293661.890.4675.2783.62875.0310.3012.2117.78
5.PASHUPATI80.3581.041268.240.007.25276.04130.019.7111.319.49
6.GHCLTEXTIL130.9513.011251.700.4639.35191.05408.9452.736.3016.90
7.NAHARSPING273.4013.02986.030.3769.88337.83966.1017.923.3713.16
8.AMBIKCO1589.3011.19909.872.33257.001514.322579.201243.4711.4715.28
9.PRECOT658.3015.44789.960.6126.61135.43245.7324.7811.1920.16
10.SUMEETINDS10.7527.12746.860.001.14-85.69272.369.6165.123.11
11.RAJPALAYAM775.105.77714.660.0617.55-78.38261.2838.561.8420.71
12.NAHARINDUS131.507.87568.150.0024.98510.49316.53-18.344.499.14
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
617737750801803823839841793760801860875
541655648684684707722721682661689729776
Operating Profit768210311611911511712011110011213099
OPM %12.33%11.12%13.69%14.52%14.80%14.00%13.97%14.30%14.02%13.10%13.93%15.17%11.26%
1001111121122
Interest15152528272221212116171719
Depreciation23243536373737373737373738
Profit before Tax394343535757606355475878101
Tax %25.82%25.76%26.32%25.79%26.00%26.01%25.20%26.59%25.65%25.76%23.92%26.85%25.46%
Net Profit29323239424245464135445775
5.145.645.656.977.497.507.968.257.296.197.9010.2013.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
9331,1451,2431,4381,6242,6922,4072,9063,3063,2143,296
8009901,0641,2681,3672,0412,1102,5292,8342,7612,856
Operating Profit133155178170257652297377471453440
OPM %14.30%13.53%14.33%11.81%15.84%24.20%12.34%12.98%14.26%14.09%13.35%
12322-332456
Interest2230295662553883907169
Depreciation42565581918787118148148149
Profit before Tax70719736107506176178237239285
Tax %18.44%26.67%34.11%33.18%35.34%35.57%6.29%25.92%25.96%25.64%25.58%
Net Profit5752642469326165132175178212
EPS12.5110.5611.434.2412.2558.0129.3223.3931.2031.58—
Dividend Payout %9.59%12.73%10.96%14.16%12.24%6.90%8.53%10.69%9.61%9.50%—

COMPOUNDED SALES GROWTH

10 Years:
15%
5 Years:
15%
3 Years:
10%

COMPOUNDED PROFIT GROWTH

10 Years:
15%
5 Years:
21%
3 Years:
3%

STOCK PRICE CAGR

10 Years:
25%
5 Years:
24%
3 Years:
31%
1 Year:
89%

RETURN ON EQUITY

10 Years:
17%
5 Years:
20%
3 Years:
13%
Last Year:
13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Sep 11

₹ 0.30

Rs.3.0000 per share(30%)Final Dividend

2025

Aug 29

₹ 0.30

Rs.3.0000 per share(30%)Final Dividend

2024

Sep 9

₹ 0.25

Rs.2.5000 per share(25%)Final Dividend

2023

Sep 11

₹ 0.25

Rs.2.5000 per share(25%)Final Dividend

2022

Sep 7

₹ 0.25

Rs.2.5000 per share(25%)Dividend

2022

Feb 10

₹ 0.15

Interim Dividend

2021

Sep 8

₹ 0.15

Rs.1.5000 per share(15%)Dividend

2020

Sep 8

₹ 0.06

Rs.0.6000 per share(6%)Dividend

2018

Sep 12

₹ 0.12

Rs.1.2000 per share(12%)Dividend

2017

Aug 24

₹ 0.12

Rs.1.2000 per share(12%)Dividend

2016

Sep 15

₹ 0.10

Rs.1.0000 per share(10%)Dividend

2015

Sep 15

₹ 0.10

Rs.1.0000 per share(10%)Dividend

2026

Aug 25

₹ 0.30

Rs.3.0000 per share(30%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital46565656565656565656
2183614264385078209731,0901,2551,415
5684498601,0409626899801,194991963
Trade Payables182635415582527489102
3437586997178157303341379
Total Liabilities8859291,4361,6451,6761,8242,2182,7172,7322,915
6135705241,1401,0601,0121,0111,7091,5771,489
Capital Work in Progress0446802034027102
00000000017
170205228265355406492564607608
0000000321430432
Cash & Bank10301100109
100149214241259406374120102258
Total Assets8859291,4361,6451,6761,8242,2182,7172,7322,915

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
6981123108171533247163307411
Cash from Investing-241-20-483-217-11-86-433-426-22-287
Cash from Financing188-47382116-144-345239262-279-128
1-13-3-00-0-07-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.4756.5156.5056.6256.6256.6256.7156.7156.71
0.610.741.500.990.820.890.931.101.92
14.9914.8515.4815.4215.6915.6914.3414.2814.68
Government0.000.000.000.000.000.000.000.000.00
27.9427.9126.5126.9726.8626.7928.0327.9226.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28
General Updates

2026-08-28 - Nitin Spinners Limited has informed the Exchange about General Updates

2026-08-28
Copy of Newspaper Publication

2026-08-28 - Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25
Record Date

2026-08-25 - Nitin Spinners Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 14-Sep-2026.

2026-08-25
Shareholders meeting

2026-08-25 - Nitin Spinners Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-19
Updates

2026-08-19 - Nitin Spinners Limited has informed the Exchange regarding 'INTIMATION OF ACQUISITION UNDER REGULATION 30 OF THE SEBI LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS REGULATIONS 2015'.

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Nitin Spinners Limited has informed the Exchange about Transcript

2026-08-13
Copy of Newspaper Publication

2026-08-13 - Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Nitin Spinners Limited has informed the Exchange about Link of Recording

2026-08-10
Copy of Newspaper Publication

2026-08-10 - Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for NITINSPIN

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