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Nitin Spinners Ltd

NITINSPIN
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹1,149 cr, stock is ranked 1,001
Moderate RiskStock is 2.43x as volatile as Nifty
207.502.30 (-1.10%)

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹1,149 cr, stock is ranked 1,001
Moderate RiskStock is 2.43x as volatile as Nifty

Key MetricsEdit

PE RatioPE Ratio
3.52
PB RatioPB Ratio
1.31
Dividend YieldDiv. Yield
1.22%
Sector PESector PE
143.09
Sector PBSector PB
5.87
Sector Div YldSctr Div Yld
0.60%

Forecast & RatingsDetailed Forecast 

100%

Analysts have suggested that investors can buy this stock

Price

Price Upside

Pro Only

Earnings

Earnings Growth

Pro Only

Revenue

Rev. Growth

Pro Only

See Detailed Forecast

Company Profile

Nitin Spinners Limited is an India-based company, which is engaged in the business of textiles. The Company manufactures cotton and blended yarn, knitted fabrics, and woven fabrics. The Company’s range of yarns include 100% Cotton Ring Spun Carded Yarns from Ne 12 to Ne 50, 100% Cotton Ring Spun Yarns from Ne 12 to Ne 30, 100% Cotton Compact Ring Spun Combed Yarns from Ne 12 to Ne 100, 100% Cotton Compact Ring Spun carded Yarns from Ne 12 to Ne 30 and other. The Company manufactures 100% cotton knitted fabrics, as well as fabrics with elasticity up to 10%. It offers fabrics in the greige form in tubular and open width in different diameters and gauges. Its range of knitted fabrics includes Single Jersey, Lycra Blended Fabrics, Pique structures, Interlock structures, Rib structures and 3 T Fleece fabrics. It offers a range of dyed and printed fabrics made out of cotton and blends for fashion, apparel and workwear industry in different finishes and stretch wear.

Investor PresentationView older 

Nov 8, 2022

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Financial TrendFinancial statements 

20192020202120221.251.441.632.690.060.020.070.33
Revenue
Profit
All values in ₹ Thousand cr.
See financial statements

Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent EventsAll events 

Transcript of Analysts/Institutional Investor Meet/Con. Call 
Announced OnNov 15, 2022

Nitin Spinners Limited has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call | Download

Nitin Spinners Limited has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call | Download

Related Party Transaction 
Announced OnNov 14, 2022

Nitin Spinners Limited has informed the Exchange about related party transaction for the period ended September 2022 | Download

Nitin Spinners Limited has informed the Exchange about related party transaction for the period ended September 2022 | Download

Cash Dividend 
Ex. DateSep 7, 2022

Final • Div/Share: ₹ 2.5

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