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Nitin Spinners Limited
(NITINSPIN)
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Rating:62Neutral
Price Target:
₹661.00
▲(23.21% Upside)
Action:Reiterated
Date:08/26/26
Overall score reflects mixed fundamentals (revenue and margin pressure plus volatile free cash flow) balanced by improving leverage and continued profitability. Technicals are notably stronger, with price above all major moving averages and healthy momentum, while valuation is broadly reasonable but with a low dividend yield.
Positive Factors
Integrated Textile Value Chain
The integrated manufacturing model gives Nitin Spinners control across yarn, fabric and garments, supporting product diversification and internal sourcing. This can improve customer relevance and retain more value across the textile chain over the medium term.
Negative Factors
Revenue and Margin Compression
The latest annual results show reduced operating scale and materially less profitability cushion than at the FY2022 peak. Sustained pressure on textile demand, pricing or product mix could limit earnings growth and weaken the benefits of integration.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Textile Value Chain
The integrated manufacturing model gives Nitin Spinners control across yarn, fabric and garments, supporting product diversification and internal sourcing. This can improve customer relevance and retain more value across the textile chain over the medium term.
Read all positive factors
Nitin Spinners Limited (NITINSPIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.56B
Dividend Yield0.46%
Average Volume (3M)12.99K
Price to Earnings (P/E)17.3
Beta (1Y)1.04
Revenue Growth-0.01%
EPS Growth21.53%
CountryIN
Employees6,693
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)37.68
Shares Outstanding56,220,000
10 Day Avg. Volume7,660
30 Day Avg. Volume12,992
Financial Highlights & Ratios
PEG Ratio8.93
Price to Book (P/B)1.31
Price to Sales (P/S)0.60
P/FCF Ratio40.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)48.2
Revenue Forecast (FY)₹35.74B
Nitin Spinners Limited Business Overview & Revenue Model
Company Description
Nitin Spinners Limited manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally. The company offers yarn products comprising cotton and poly/cotton blended, ring spun combed and card...
How the Company Makes Money
Nitin Spinners makes money primarily by manufacturing and selling textile products across multiple stages of the value chain. Its key revenue streams typically include (1) yarn sales (e.g., cotton and blended yarns) to other textile mills, fabric ...
Nitin Spinners Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.96B | 32.14B | 33.06B | 29.06B | 23.85B | 26.64B |
| Gross Profit | 6.93B | 5.50B | 9.22B | 6.21B | 7.76B | 9.02B |
| EBITDA | 5.00B | 4.58B | 4.75B | 3.77B | 3.00B | 6.49B |
| Net Income | 2.12B | 1.78B | 1.75B | 1.32B | 1.65B | 3.26B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 29.15B | 27.32B | 27.17B | 22.18B | 18.24B |
| Cash, Cash Equivalents and Short-Term Investments | 86.44M | 86.44M | 123.13M | 663.00K | 17.88M | 2.60M |
| Total Debt | 0.00 | 11.24B | 11.65B | 13.39B | 9.80B | 6.89B |
| Total Liabilities | -14.71B | 14.44B | 14.21B | 15.70B | 11.89B | 9.49B |
| Stockholders Equity | 14.71B | 14.71B | 13.11B | 11.46B | 10.29B | 8.76B |
Cash Flow | ||||||
| Free Cash Flow | 3.13B | 480.91M | 2.86B | -6.53B | -2.42B | 3.39B |
| Operating Cash Flow | 3.80B | 3.40B | 3.07B | 1.63B | 1.94B | 4.31B |
| Investing Cash Flow | -840.48M | -2.87B | -215.84M | -4.26B | -4.33B | -859.05M |
| Financing Cash Flow | -3.03B | -570.79M | -2.79B | 2.62B | 2.39B | -3.45B |
Nitin Spinners Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹385.60B | 41.55 | ― | 0.45% | 4.20% | 10.65% | |
62 Neutral | ₹36.56B | 17.28 | ― | 0.46% | -0.01% | 21.53% | |
61 Neutral | ₹166.62B | 19.01 | ― | 0.88% | 3.29% | -1.43% | |
56 Neutral | ₹1.99B | 8.66 | ― | 1.01% | -2.19% | 132.56% | |
56 Neutral | ₹120.26B | 29.99 | ― | 2.13% | -2.45% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹9.80B | 13.03 | ― | 0.37% | 2.49% | 249.40% |
* General Sector Average
IN:NITINSPIN
Nitin Spinners Limited
651.35
321.98
97.75%
IN:BASML
Bannari Amman Spinning Mills Limited
24.80
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-11.16%
IN:KPRMILL
K.P.R. Mill Limited
1,109.40
103.51
10.29%
IN:NAHARSPING
Nahar Spinning Mills Ltd
273.40
57.94
26.89%
IN:TRIDENT
Trident Limited
23.43
-4.85
-17.16%
IN:VTL
Vardhman Textiles Limited
567.35
141.56
33.25%
Nitin Spinners Limited Corporate Events
Nitin Spinners Publishes Q1 FY27 Investor Presentation Under SEBI Norms
Aug 8, 2026
Nitin Spinners Limited has released an investor presentation detailing its financial results for the quarter ended June 30, 2026, in line with disclosure requirements under SEBI Listing Regulations. The presentation, now accessible on the company&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.