Nitin Spinners Limited (NITINSPIN)
ISIN: - Industry: Textile Manufacturing Sector: Consumer Cyclical Website
206.2
0.35(0.17%)

Nitin Spinners Limited manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India. The company offers ring spun carded, ring spun, compact ring spun combed, compact ring spun, blended ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, BCI/TBC certified, Supima and Giza certified, contamination free, zero and eli twist, and open end yarns; poly /cotton blended open end yarns; combed, compact, and carded multi-fold ring spun yarns; and yarns made out of recycled fibers, 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, Lycra blended, pique structured, interlock structured, rib structured, and 3 T fleece fabrics used in inner, comfort, sports, baby, and winter wears. In addition, the company offers finished and printed woven fabrics used in fashion and image wears, uniforms, health care apparels, hotel apparels, industrial and protective apparels, and defense apparels. It also exports its products to approximately 50 countries. The company was incorporated in 1992 and is headquartered in Bhilwara, India.

Pricing Updates

TODAY'S HIGH

208.85

TODAY'S LOW

204.5

52 WEEK HIGH

345

52 WEEK LOW

181.9

Major Holders

% of Shares Held by
All Insider

57.88%

% of Shares Held by
Institutions

6.01%

% of Float Held by
Institutions

14.28%

Number of Institutions
Holding Shares

5

Company Overview

MARKET CAP

1160.10 Cr.

ETERPRISE VALUE

1724.38 Cr.

NO. OF SHARES

5.62 Cr.

BOOK VALUE

170.006

DIV. YIELD

2.5%

DEBT

577.17 Cr.

GROSS PROFIT

1213.11 Cr.

CASH

9.70 Cr.

REVENUE

2688.72 Cr.

REVENUE/SHARE

478.201

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 2022Mar 2021Mar 2020Mar 2019
Investments0000
Change To Liabilities0000
Total cashflows from Investing Activities-85.90 Cr.-11.22 Cr.-216.71 Cr.-483.40 Cr.
Net Borrowings-273.08 Cr.-78.77 Cr.179.93 Cr.411.30 Cr.
Total Cash from Financing Activities-345.28 Cr.-143.75 Cr.115.90 Cr.382.31 Cr.
Other Liabilities3 Cr.14 Cr.5.21 Cr.-3.58 Cr.
Total Assets0008.05 Cr.
Net Income326.13 Cr.68.87 Cr.23.81 Cr.64.10 Cr.
Change in Cash23.90 Lakhs-10.39 Lakhs-2.62 Cr.2.65 Cr.
Effect of Exchange Rate0000
Total Cash from Operating Activities431.43 Cr.154.87 Cr.98.19 Cr.103.73 Cr.
Depreciation87.40 Cr.90.65 Cr.80.38 Cr.54.49 Cr.
Other Cashflows from Investing Activities26.94 Lakhs23.06 Lakhs479.78 Cr.479.78 Cr.
Dividends Paid-16.86 Cr.-3.37 Cr.-7.02 Cr.-6.74 Cr.
Change to Inventory-51.60 Cr.-89.98 Cr.-36.87 Cr.-22.33 Cr.
Change to Account Receivables-74.83 Cr.-13.06 Cr.-32.05 Cr.-32.62 Cr.
Other Cashflows from Financing Activities-55.33 Cr.-61.60 Cr.-57 Cr.-30.29 Cr.
Change to Net Income141.33 Cr.84 Cr.57.39 Cr.43.53 Cr.
Capital Expenditures-92.46 Cr.-12.42 Cr.-696.94 Cr.-483.69 Cr.

Financials

ParticularsMar 2022Mar 2021Mar 2020Mar 2019
Research DevelopmentNoneNoneNoneNone
Effect of Accounting ChargesNoneNoneNoneNone
Income Before Tax506.17 Cr.106.51 Cr.35.64 Cr.97.30 Cr.
Minority InterestNoneNoneNoneNone
Net Income564.21 Cr.166.22 Cr.89.07 Cr.123.67 Cr.
Selling General Administrative132.72 Cr.112.46 Cr.94.96 Cr.68.57 Cr.
Gross Profit1007.03 Cr.675.70 Cr.516.46 Cr.459.64 Cr.
Ebit564.21 Cr.166.22 Cr.89.07 Cr.123.67 Cr.
Operating Income564.21 Cr.166.22 Cr.89.07 Cr.123.67 Cr.
Other Operating Expenses222.68 Cr.305.98 Cr.251.73 Cr.212.57 Cr.
Interest Expense-55.33 Cr.-57.23 Cr.-51.23 Cr.-25.07 Cr.
Extraordinary ItemsNoneNoneNoneNone
Non RecurringNoneNoneNoneNone
Other ItemsNoneNoneNoneNone
Income Tax Expense180.03 Cr.37.64 Cr.11.82 Cr.33.19 Cr.
Total Revenue2692.31 Cr.1624.41 Cr.1438.06 Cr.1242.51 Cr.
Total Operating Expenses2128.10 Cr.1458.18 Cr.1348.98 Cr.1118.83 Cr.
Cost of Revenue1685.28 Cr.948.70 Cr.921.59 Cr.782.86 Cr.
Total Other Income Expense Net-58.04 Cr.-59.70 Cr.-53.42 Cr.-26.37 Cr.
Discontinued OperationsNoneNoneNoneNone
Net Income from Continuous Ops.326.13 Cr.68.87 Cr.23.81 Cr.64.10 Cr.
Net Income Applicable to Common Shares326.13 Cr.68.87 Cr.23.81 Cr.64.10 Cr.

Balance Sheet

ParticularsMar 2022Mar 2021Mar 2020Mar 2019
Intangible Assets1.24 Cr.1.20 Cr.1.53 Cr.31.13 Lakhs
Capital Surplus0137.27 Cr.137.27 Cr.137.27 Cr.
Total Liabilities948.56 Cr.1112.97 Cr.1151.22 Cr.953.74 Cr.
Stock Holder Equity875.80 Cr.563.34 Cr.494.03 Cr.482.53 Cr.
Minority Interest0000
Other Liabilities47.30 Cr.19.36 Cr.14.96 Cr.13.55 Cr.
Total Assets1824.36 Cr.1676.32 Cr.1645.26 Cr.1436.28 Cr.
Common Stock56.22 Cr.56.22 Cr.56.22 Cr.56.22 Cr.
Retained Earnings0368.02 Cr.301.68 Cr.286.09 Cr.
Other Liabilities130.06 Cr.73.22 Cr.49.94 Cr.41.52 Cr.
Good Will0000
Treasury Stock819.58 Cr.1.82 Cr.-1.14 Cr.2.95 Cr.
Other Assets58.14 Cr.11.67 Cr.16.47 Cr.23.38 Cr.
Cash61.07 Lakhs2.06 Lakhs12.45 Lakhs2.75 Cr.
Current Liabilities411.30 Cr.475.85 Cr.424.91 Cr.293.48 Cr.
Long Term Asset Charges0000
Short Long Term Debt281.36 Cr.114.46 Cr.77.46 Cr.56.30 Cr.
Other Stockholder Equity819.58 Cr.1.82 Cr.-1.14 Cr.2.95 Cr.
Property Plant Equipment1010.71 Cr.1060.08 Cr.1138.07 Cr.991.44 Cr.
Total Cur. Assets754.26 Cr.603.34 Cr.489.17 Cr.421.14 Cr.
Long Term Investments0000
Net Tangible Assets874.56 Cr.562.14 Cr.492.50 Cr.482.22 Cr.
Short Term Investments0000
Net Receivables240.68 Cr.233.35 Cr.212.34 Cr.181.95 Cr.
Long Term Debt407.18 Cr.563.89 Cr.676.32 Cr.618.73 Cr.
Inventory406.29 Cr.354.68 Cr.264.70 Cr.227.82 Cr.
Accounts Payable82.09 Cr.54.76 Cr.41.49 Cr.35.43 Cr.

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