Nitin Spinners Limited (NITINSPIN)
ISIN: - Industry: Textile Manufacturing Sector: Consumer Cyclical Website
235.4
-7.85(-3.23%)

Nitin Spinners Limited manufactures and sells cotton yarns and knitted fabrics in India. The company offers open end, multifold open end, ring spun combed, multifold ring spun, compact ring spun combed, multi-fold compact ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, contamination free, zero and eli twist, and certified yarns, as well as dye able cheese/cones used in woven and knitted apparel, furnishing fabrics, denims, terry towel, medical fabrics, tea bags, and bed linen. It also provides single jersey, pique structured, interlock structured, rib structured, lycra blended, open width, and three thread fleece fabrics used in inner, sports, comfort, winter, and baby wears, as well as masks. In addition, the company offers finished and printed woven fabrics used in fashion and image, industrial and protective, and defense wears, as well as uniforms and health care and hotel apparels. It also exports its products in Europe, North America, South America, Africa, and Asia. The company was incorporated in 1992 and is headquartered in Bhilwara, India.

Pricing Updates

TODAY'S HIGH

240

TODAY'S LOW

228

52 WEEK HIGH

345

52 WEEK LOW

112.1

Major Holders

% of Shares Held by
All Insider

58.10%

% of Shares Held by
Institutions

4.53%

% of Float Held by
Institutions

10.82%

Number of Institutions
Holding Shares

5

Company Overview

MARKET CAP

1323.41 Cr.

ETERPRISE VALUE

2102.45 Cr.

NO. OF SHARES

5.62 Cr.

BOOK VALUE

124.877

DIV. YIELD

1.5%

DEBT

733.70 Cr.

GROSS PROFIT

675.70 Cr.

CASH

16.39 Cr.

REVENUE

2434.83 Cr.

REVENUE/SHARE

432.942

OHLC Chart 1y 2y 5y 10y

Price Chart

1d 1w 1m 3m 6m 1Yr 2Yr 5Yr

Volumes Chart

1d 1w 1m 3m 6m 1Yr 2Yr 5Yr

Cashflows

ParticularsMar 2021Mar 2020Mar 2019Mar 2018
Investments0000
Change To Liabilities0000
Total cashflows from Investing Activities-11.22 Cr.-216.71 Cr.-483.40 Cr.-20.13 Cr.
Net Borrowings-78.77 Cr.179.93 Cr.411.30 Cr.-119.06 Cr.
Total Cash from Financing Activities-143.75 Cr.115.90 Cr.382.31 Cr.-47.18 Cr.
Other Liabilities14 Cr.5.21 Cr.-3.58 Cr.-1.14 Cr.
Total Assets008.05 Cr.111.93 Cr.
Net Income68.87 Cr.23.81 Cr.64.10 Cr.52.38 Cr.
Change in Cash-10.39 Lakhs-2.62 Cr.2.65 Cr.-1.02 Cr.
Effect of Exchange Rate0000
Total Cash from Operating Activities154.87 Cr.98.19 Cr.103.73 Cr.66.29 Cr.
Depreciation90.65 Cr.80.38 Cr.54.49 Cr.56.05 Cr.
Other Cashflows from Investing Activities23.06 Lakhs479.78 Cr.479.78 Cr.479.78 Cr.
Dividends Paid-3.37 Cr.-7.02 Cr.-6.74 Cr.-5.50 Cr.
Change to Inventory-89.98 Cr.-36.87 Cr.-22.33 Cr.-35.47 Cr.
Change to Account Receivables-13.06 Cr.-32.05 Cr.-32.62 Cr.-39.77 Cr.
Other Cashflows from Financing Activities-61.60 Cr.-57 Cr.-30.29 Cr.-34.55 Cr.
Change to Net Income84 Cr.57.39 Cr.43.53 Cr.34.10 Cr.
Capital Expenditures-12.42 Cr.-696.94 Cr.-483.69 Cr.-20.15 Cr.

Financials

ParticularsMar 2021Mar 2020Mar 2019Mar 2018
Research DevelopmentNoneNoneNoneNone
Effect of Accounting ChargesNoneNoneNoneNone
Income Before Tax106.51 Cr.35.64 Cr.97.30 Cr.71.43 Cr.
Minority InterestNoneNoneNoneNone
Net Income166.22 Cr.89.07 Cr.123.67 Cr.98.73 Cr.
Selling General Administrative112.46 Cr.94.96 Cr.68.57 Cr.61.22 Cr.
Gross Profit675.70 Cr.516.46 Cr.459.64 Cr.415.72 Cr.
Ebit166.22 Cr.89.07 Cr.123.67 Cr.98.73 Cr.
Operating Income166.22 Cr.89.07 Cr.123.67 Cr.98.73 Cr.
Other Operating Expenses305.98 Cr.251.73 Cr.212.57 Cr.199.57 Cr.
Interest Expense-57.23 Cr.-51.23 Cr.-25.07 Cr.-24.71 Cr.
Extraordinary ItemsNoneNoneNoneNone
Non RecurringNoneNoneNoneNone
Other ItemsNoneNoneNoneNone
Income Tax Expense37.64 Cr.11.82 Cr.33.19 Cr.19.04 Cr.
Total Revenue1624.41 Cr.1438.06 Cr.1242.51 Cr.1145.24 Cr.
Total Operating Expenses1458.18 Cr.1348.98 Cr.1118.83 Cr.1046.51 Cr.
Cost of Revenue948.70 Cr.921.59 Cr.782.86 Cr.729.52 Cr.
Total Other Income Expense Net-59.70 Cr.-53.42 Cr.-26.37 Cr.-27.29 Cr.
Discontinued OperationsNoneNoneNoneNone
Net Income from Continuous Ops.68.87 Cr.23.81 Cr.64.10 Cr.52.38 Cr.
Net Income Applicable to Common Shares68.87 Cr.23.81 Cr.64.10 Cr.52.38 Cr.

Balance Sheet

ParticularsMar 2021Mar 2020Mar 2019Mar 2018
Intangible Assets1.20 Cr.1.53 Cr.31.13 Lakhs42.65 Lakhs
Capital Surplus137.27 Cr.137.27 Cr.137.27 Cr.129.88 Cr.
Total Liabilities1112.97 Cr.1151.22 Cr.953.74 Cr.511.76 Cr.
Stock Holder Equity563.34 Cr.494.03 Cr.482.53 Cr.416.83 Cr.
Minority Interest0000
Other Liabilities19.36 Cr.14.96 Cr.13.55 Cr.9.05 Cr.
Total Assets1676.32 Cr.1645.26 Cr.1436.28 Cr.928.59 Cr.
Common Stock56.22 Cr.56.22 Cr.56.22 Cr.55.55 Cr.
Retained Earnings368.02 Cr.301.68 Cr.286.09 Cr.230.05 Cr.
Other Liabilities73.22 Cr.49.94 Cr.41.52 Cr.25.75 Cr.
Good Will0000
Treasury Stock1.82 Cr.-1.14 Cr.2.95 Cr.1.33 Cr.
Other Assets11.67 Cr.16.47 Cr.23.38 Cr.8.10 Cr.
Cash2.06 Lakhs12.45 Lakhs2.75 Cr.10.01 Lakhs
Current Liabilities475.85 Cr.424.91 Cr.293.48 Cr.175.50 Cr.
Long Term Asset Charges0000
Short Long Term Debt114.46 Cr.77.46 Cr.56.30 Cr.51.15 Cr.
Other Stockholder Equity1.82 Cr.-1.14 Cr.2.95 Cr.1.33 Cr.
Property Plant Equipment1060.08 Cr.1138.07 Cr.991.44 Cr.573.62 Cr.
Total Cur. Assets603.34 Cr.489.17 Cr.421.14 Cr.346.44 Cr.
Long Term Investments0000
Net Tangible Assets562.14 Cr.492.50 Cr.482.22 Cr.416.40 Cr.
Short Term Investments0000
Net Receivables233.35 Cr.212.34 Cr.181.95 Cr.123.98 Cr.
Long Term Debt563.89 Cr.676.32 Cr.618.73 Cr.310.50 Cr.
Inventory354.68 Cr.264.70 Cr.227.82 Cr.205.48 Cr.
Accounts Payable54.76 Cr.41.49 Cr.35.43 Cr.5.09 Cr.

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