Nitin Spinners Limited
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- Market Cap.:
- ₹2.25 billion
- Book Value:
- Revenue TTM:
- ₹14.28 billion
- Operating Margin TTM:
- Gross Profit TTM:
- ₹5.22 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Nitin Spinners Limited had its IPO on under the ticker symbol 532698.
The company operates in the Industrial Goods sector and Textile Industrial industry. Nitin Spinners Limited has a staff strength of 4,173 employees.
Shares of Nitin Spinners Limited opened at ₹311.9 at the start of the last trading session i.e. 2023-09-13.
The stocks traded within a range of ₹287 - ₹311.9, and closed at ₹288.4.
This is a -6.44% slip from the previous day's closing price.
A total volume of 39,979 shares were traded at the close of the day’s session.
In the last one week, shares of Nitin Spinners Limited have slipped by -7.96%.
Nitin Spinners Limited's Key Ratios
Nitin Spinners Limited has a market cap of ₹2.25 billion, indicating a price to book ratio of 0.5343 and a price to sales ratio of 0.1885.
In the last 12-months Nitin Spinners Limited’s revenue was ₹14.28 billion with a gross profit of ₹5.22 billion and an EBITDA of ₹1.75 billion. The EBITDA ratio measures Nitin Spinners Limited's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Nitin Spinners Limited’s operating margin was 5.87% while its return on assets stood at 3.36% with a return of equity of 3.08%.
In Q3, Nitin Spinners Limited’s quarterly earnings growth was a positive 1414.3% while revenue growth was a positive 14.6%.
Nitin Spinners Limited’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at ₹2.673 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Nitin Spinners Limited’s profitability.
Nitin Spinners Limited stock is trading at a EV to sales ratio of 0.7811 and a EV to EBITDA ratio of 6.3638. Its price to sales ratio in the trailing 12-months stood at 0.1885.
Nitin Spinners Limited stock pays annual dividends of ₹0.6 per share, indicating a yield of 1.27% and a payout ratio of 22.35%.
Balance sheet and cash flow metrics
- Total Assets
- ₹22.18 billion
- Total Liabilities
- ₹5.30 billion
- Operating Cash Flow
- Capital Expenditure
- ₹4.35 billion
- Dividend Payout Ratio
Nitin Spinners Limited ended 2023 with ₹22.18 billion in total assets and ₹0 in total liabilities. Its intangible assets were valued at ₹22.18 billion while shareholder equity stood at ₹10.29 billion.
Nitin Spinners Limited ended 2023 with ₹0 in deferred long-term liabilities, ₹5.30 billion in other current liabilities, 562200000.00 in common stock, ₹9.73 billion in retained earnings and ₹0 in goodwill. Its cash balance stood at ₹698000.00 and cash and short-term investments were ₹17.88 million. The company’s total short-term debt was ₹0 while long-term debt stood at ₹5.61 billion.
Nitin Spinners Limited’s total current assets stands at ₹7.96 billion while long-term investments were ₹0 and short-term investments were ₹13.63 million. Its net receivables were ₹2.23 billion compared to accounts payable of ₹0 and inventory worth ₹4.92 billion.
In 2023, Nitin Spinners Limited's operating cash flow was ₹-4334014000.00 while its capital expenditure stood at ₹4.35 billion.
Comparatively, Nitin Spinners Limited paid ₹0.22 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Nitin Spinners Limited stock is currently trading at ₹288.4 per share. It touched a 52-week high of ₹294 and a 52-week low of ₹294. Analysts tracking the stock have a 12-month average target price of ₹.
Its 50-day moving average was ₹264.59 and 200-day moving average was ₹237.09 The short ratio stood at 0 indicating a short percent outstanding of 0%.
Around 5603.9% of the company’s stock are held by insiders while 1504.4% are held by institutions.
Frequently Asked Questions About Nitin Spinners Limited
Similar Industry Stocks (Textile Industrial)
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 founded in 1992 and is headquartered in Bhilwara, India.