Nitin Spinners Limited (NITINSPIN) AI Stock Analysis

Nitin Spinners Limited

(NSE:NITINSPIN)

Select Model

Rating:70Outperform

Price Target:INR 686.00▲(3.27% Upside)

Action:reiterated

Date:08/26/26

The overall score reflects a solid, growing and consistently profitable textile business with improving leverage, offset by volatile cash generation and margin sensitivity, combined with strong price momentum above key moving averages and a technically healthy trend, while a moderate valuation and low yield suggest the stock is reasonably priced rather than a deep-value opportunity.

Positive Factors

Integrated Textile Value ChainThe 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 CompressionThe 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.

Nitin Spinners Limited (NITINSPIN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 36.61B
Dividend Yield: 0.46%
Average Volume (3M): 9,222
Price to Earnings (P/E): 17.3
Beta (1Y): 1.21
Revenue Growth: -0.01%
EPS Growth: 21.53%
Country: India
Employees: 6,638
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

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 carded,...

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 man...

Nitin Spinners Limited Financial Statement Overview

Summary

Revenue and profits have grown consistently and remain positive, supported by a steadily strengthening balance sheet and improved leverage, but highly volatile operating and free cash flows and compressed margins temper the overall strength.

Income Statement

72Positive

Balance Sheet

70Positive

Cash Flow

38Negative

Financial statement breakdown
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	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	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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NITINSPIN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPRMILL	76Outperform	INR 381.12B	36.66	―	0.45%	6.43%	24.09%
IN:VTL	70Outperform	INR 140.94B	16.32	―	1.03%	3.29%	-1.43%
IN:NITINSPIN	70Outperform	INR 36.59B	17.28	―	0.46%	-0.01%	21.53%
IN:NAHARSPING	62Neutral	INR 9.40B	12.48	―	0.38%	2.49%	249.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BASML	54Neutral	INR 1.52B	6.73	―	1.32%	-2.19%	132.56%
IN:TRIDENT	51Neutral	INR 107.93B	27.14	―	2.36%	-2.45%	-10.11%

* General Sector Average

Performance Comparison

IN:NITINSPIN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NITINSPIN	Nitin Spinners Limited	664.50	345.98	108.62%
IN:BASML	Bannari Amman Spinning Mills Limited	20.01	-7.24	-26.57%
IN:KPRMILL	K.P.R. Mill Limited	1131.45	81.04	7.71%
IN:NAHARSPING	Nahar Spinning Mills Ltd	255.95	51.65	25.28%
IN:TRIDENT	Trident Limited	22.20	-5.86	-20.88%
IN:VTL	Vardhman Textiles Limited	495.75	61.53	14.17%

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&#82...

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.

Date of analysis: Aug 26, 2026

Nitin Spinners Limited AI Stock Analysis