Nitin Spinners Ltd.

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nitinspinners.comBSE: 532698NSE: NITINSPIN

Market Cap₹ 3,656 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 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TRIDENT	23.60	30.43	12026.46	2.12	158.09	12.95	1786.83	4.68	9.95	16.79
2.	SANATHAN	480.75	66.80	4057.73	0.00	23.82	-41.08	1334.74	79.08	7.09	8.10
3.	NITINSPIN	650.30	17.26	3655.99	0.46	75.27	83.62	875.03	10.30	12.21	17.78
4.	FILATEX	76.13	17.69	3380.62	0.39	48.52	19.33	1145.30	9.14	17.15	6.85
5.	GHCLTEXTIL	132.65	13.18	1267.95	0.45	39.35	191.05	408.94	52.73	6.30	16.90
6.	PASHUPATI	80.32	81.01	1267.77	0.00	7.25	276.04	130.01	9.71	11.31	9.49
7.	NAHARSPING	271.85	12.95	980.44	0.37	69.88	337.83	966.10	17.92	3.37	13.16
8.	AMBIKCO	1607.00	11.31	920.01	2.30	257.00	1514.32	2579.20	1243.47	11.47	15.28
9.	PRECOT	670.75	15.73	804.90	0.60	26.61	135.43	245.73	24.78	11.19	20.16
10.	SUMEETINDS	10.97	27.67	762.14	0.00	1.14	-85.69	272.36	9.61	65.12	3.11
11.	RAJPALAYAM	755.20	5.63	696.31	0.07	17.55	-78.38	261.28	38.56	1.84	20.71
12.	NAHARINDUS	132.20	7.91	571.18	0.00	24.98	510.49	316.53	-18.34	4.49	9.14

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	617	737	750	801	803	823	839	841	793	760	801	860	875
	541	655	648	684	684	707	722	721	682	661	689	729	776
Operating Profit	76	82	103	116	119	115	117	120	111	100	112	130	99
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%
	1	0	0	1	1	1	1	1	2	1	1	2	2
Interest	15	15	25	28	27	22	21	21	21	16	17	17	19
Depreciation	23	24	35	36	37	37	37	37	37	37	37	37	38
Profit before Tax	39	43	43	53	57	57	60	63	55	47	58	78	101
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 Profit	29	32	32	39	42	42	45	46	41	35	44	57	75
	5.14	5.64	5.65	6.97	7.49	7.50	7.96	8.25	7.29	6.19	7.90	10.20	13.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	933	1,145	1,243	1,438	1,624	2,692	2,407	2,906	3,306	3,214	3,296
	800	990	1,064	1,268	1,367	2,041	2,110	2,529	2,834	2,761	2,856
Operating Profit	133	155	178	170	257	652	297	377	471	453	440
OPM %	14.30%	13.53%	14.33%	11.81%	15.84%	24.20%	12.34%	12.98%	14.26%	14.09%	13.35%
	1	2	3	2	2	-3	3	2	4	5	6
Interest	22	30	29	56	62	55	38	83	90	71	69
Depreciation	42	56	55	81	91	87	87	118	148	148	149
Profit before Tax	70	71	97	36	107	506	176	178	237	239	285
Tax %	18.44%	26.67%	34.11%	33.18%	35.34%	35.57%	6.29%	25.92%	25.96%	25.64%	25.58%
Net Profit	57	52	64	24	69	326	165	132	175	178	212
EPS	12.51	10.56	11.43	4.24	12.25	58.01	29.32	23.39	31.20	31.58	—
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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	46	56	56	56	56	56	56	56	56	56
	218	361	426	438	507	820	973	1,090	1,255	1,415
	568	449	860	1,040	962	689	980	1,194	991	963
Trade Payables	18	26	35	41	55	82	52	74	89	102
	34	37	58	69	97	178	157	303	341	379
Total Liabilities	885	929	1,436	1,645	1,676	1,824	2,218	2,717	2,732	2,915
	613	570	524	1,140	1,060	1,012	1,011	1,709	1,577	1,489
Capital Work in Progress	0	4	468	0	2	0	340	2	7	102
	0	0	0	0	0	0	0	0	0	17
	170	205	228	265	355	406	492	564	607	608
	0	0	0	0	0	0	0	321	430	432
Cash & Bank	1	0	3	0	1	1	0	0	10	9
	100	149	214	241	259	406	374	120	102	258
Total Assets	885	929	1,436	1,645	1,676	1,824	2,218	2,717	2,732	2,915

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	69	81	123	108	171	533	247	163	307	411
Cash from Investing	-241	-20	-483	-217	-11	-86	-433	-426	-22	-287
Cash from Financing	188	-47	382	116	-144	-345	239	262	-279	-128
	1	-1	3	-3	-0	0	-0	-0	7	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.47	56.51	56.50	56.62	56.62	56.62	56.71	56.71	56.71
	0.61	0.74	1.50	0.99	0.82	0.89	0.93	1.10	1.92
	14.99	14.85	15.48	15.42	15.69	15.69	14.34	14.28	14.68
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.94	27.91	26.51	26.97	26.86	26.79	28.03	27.92	26.69

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