Nitin Spinners
- Market cap
- ₹ 3,396 Cr.
- P/E
- 16x
- P/B
- 2.38x
- 52-week range
- 302.2 – 667
- ROE
- 13%
- ROCE
- 12%
- Dividend yield
- 0.5%
- Debt / equity
- 0.76
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Nitin Spinners Limited is an India-based company, which is engaged in the business of textiles. The Company is an integrated textile manufacturer, specializing in cotton and blended yarns, knitted fabrics and finished woven textiles. Its range of yarns includes cotton ring spun carded yarns from Ne 12 to Ne 50, cotton ring spun yarns from Ne 12 to Ne 30, cotton compact ring spun combed yarns from Ne 12 to Ne 100, cotton compact ring spun carded yarns from Ne 12 to Ne 30,poly/cotton blended ring spun yarns Ne 10 to 50, and others. Its range of knitted fabrics includes single jersey, lycra blended fabrics, pique structures, interlock structures, rib structures, and others. It offers finished and printed fabrics, such as cotton, cotton spandex fabrics, poly/cotton, poly/cotton spandex fabrics, bleached, dyed, print and yarn-dyed fabrics with various special finishes like Teflon, and wrinkle-free, and various weaves-twills, gabardine, ripstop, ducks, dobby, cord, and ottoman, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Nitin Spinners against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)16 against a typical 16.3: cheaper than most peers (1st = cheapest).133rd of 268
- Sales growth+10.3% against a typical +6.7% from a year earlier.98th of 234
- Profit growth+82.9% against a typical +12.9% from a year earlier.45th of 166
- Share price, 3 months+19.2% against a typical −4%.28th of 240
- Size₹ 3,395.9 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).11th of 256
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A+ | Stable | 30 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Jun 2026 | ▲ Upgrade | CARE A+ | — | CARE | ₹ 2,438.41 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 31 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 13 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
| 27 Jan 2025 | Financial Results | To consider and approve the financial results for the period ended December 31, 2024 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 737 | 750 | 801 | 803 | 823 | 839 | 841 | 793 | 760 | 801 | 860 | 875 |
| Expenses | 655 | 648 | 684 | 684 | 707 | 722 | 721 | 682 | 661 | 689 | 729 | 719 |
| Operating Profit | 82 | 103 | 116 | 119 | 115 | 117 | 120 | 111 | 100 | 112 | 130 | 156 |
| OPM % | 11% | 14% | 15% | 15% | 14% | 14% | 14% | 14% | 13% | 14% | 15% | 18% |
| Other Income | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 |
| Interest | 15 | 25 | 28 | 27 | 22 | 21 | 21 | 21 | 16 | 17 | 17 | 19 |
| Depreciation | 24 | 35 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 38 |
| Profit before tax | 43 | 43 | 53 | 57 | 57 | 60 | 63 | 55 | 47 | 58 | 78 | 101 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 25% | 27% | 26% | 26% | 24% | 27% | 25% |
| Net Profit | 32 | 32 | 39 | 42 | 42 | 45 | 46 | 41 | 35 | 44 | 57 | 75 |
| EPS in Rs | 5.64 | 5.65 | 6.97 | 7.49 | 7.5 | 7.97 | 8.25 | 7.29 | 6.19 | 7.9 | 10.2 | 13.39 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 15%
- 5 Years
- 15%
- 3 Years
- 10%
- TTM
- 0%
- 10 Years
- 15%
- 5 Years
- 21%
- 3 Years
- 3%
- TTM
- 22%
- 10 Years
- 24%
- 5 Years
- 23%
- 3 Years
- 30%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 18%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Nitin Spinners | ₹ 640.90 | ₹ 3,396 Cr. | 16x | 2.4x | 13% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 33x | 3.5x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.3x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 35.8x | 5.6x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.3x | 2.1x | 12.9% | 4.4% |
| NIBE Ltd | ₹ 1,125.15 | ₹ 1,717 Cr. | 441.5x | 6.5x | 1.9% | 0% |
Management
- Dinesh Nolkha
- Executive Chairman of the Board, Managing Director
- Purushottam Maheshwari
- President, Chief Financial Officer
- Sudhir Garg
- Compliance Officer, Vice President - Legal, Company Secretary
- Ghanshyam Heda
- Vice President - Engineering
- Arvind Singh Rathore
- Vice President - Engineering
- Inderjeet Singh
- Vice President - Spinning
- Nitin Nolakha
- Managing Director, Executive Director
- Om Prakesh Verma
- General Manager - Human Resources
Prices are delayed and for information only. Nothing on this page is investment advice.