NITINSPIN
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Summary
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Revenue Mix
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Recent events
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News
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Corporate Actions
India's textile stocks rise on higher US tariffs on Asian peers
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
Nitin Spinners Dec-Quarter Profit From Continuing Operations 447.8 Million Rupees
Jan 27 (Reuters) - Nitin Spinners Ltd NISP.NS:
NITIN SPINNERS DEC-QUARTER PROFIT FROM CONTINUING OPERATIONS 447.8 MILLION RUPEES
NITIN SPINNERS DEC-QUARTER REVENUE FROM OPERATIONS 8.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: NISP.NS
(([email protected];))
Jan 27 (Reuters) - Nitin Spinners Ltd NISP.NS:
NITIN SPINNERS DEC-QUARTER PROFIT FROM CONTINUING OPERATIONS 447.8 MILLION RUPEES
NITIN SPINNERS DEC-QUARTER REVENUE FROM OPERATIONS 8.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: NISP.NS
(([email protected];))
Nitin Spinners Sept-Quarter Profit From Continuing Operations 421.6 Mln Rupees
Nov 7 (Reuters) - Nitin Spinners Ltd NISP.NS:
SEPT-QUARTER PROFIT FROM CONTINUING OPERATIONS 421.6 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 8.23 BILLION RUPEES
Source text: ID:nBSE2shjd0
Further company coverage: NISP.NS
(([email protected];;))
Nov 7 (Reuters) - Nitin Spinners Ltd NISP.NS:
SEPT-QUARTER PROFIT FROM CONTINUING OPERATIONS 421.6 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 8.23 BILLION RUPEES
Source text: ID:nBSE2shjd0
Further company coverage: NISP.NS
(([email protected];;))
Nitin Spinners June-Quarter Profit From Cont Ops At 421.2 Million Rupees
July 22 (Reuters) - Nitin Spinners Ltd NISP.NS:
JUNE-QUARTER PROFIT FROM CONTINUING OPERATIONS 421.2 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 8.03 BILLION RUPEES
NAMES NITIN NOLAKHA AS MD
Source text for Eikon: ID:nBSEbsF8dD
Further company coverage: NISP.NS
(([email protected];))
July 22 (Reuters) - Nitin Spinners Ltd NISP.NS:
JUNE-QUARTER PROFIT FROM CONTINUING OPERATIONS 421.2 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 8.03 BILLION RUPEES
NAMES NITIN NOLAKHA AS MD
Source text for Eikon: ID:nBSEbsF8dD
Further company coverage: NISP.NS
(([email protected];))
Nitin Spinners Says Dividend At 2.5 Rupees Per Share
May 9 (Reuters) - Nitin Spinners Ltd NISP.NS:
DIVIDEND 2.5 RUPEES PER SHARE
MARCH-QUARTER PROFIT FROM CONTINUING OPERATIONS 391.7 MILLION RUPEES VERSUS PROFIT 385.4 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 8 BILLION RUPEES VERSUS 6.55 BILLION RUPEES
Source text for Eikon: ID:nBSEbgw3Zt
Further company coverage: NISP.NS
(([email protected];))
May 9 (Reuters) - Nitin Spinners Ltd NISP.NS:
DIVIDEND 2.5 RUPEES PER SHARE
MARCH-QUARTER PROFIT FROM CONTINUING OPERATIONS 391.7 MILLION RUPEES VERSUS PROFIT 385.4 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 8 BILLION RUPEES VERSUS 6.55 BILLION RUPEES
Source text for Eikon: ID:nBSEbgw3Zt
Further company coverage: NISP.NS
(([email protected];))
India's Nitin Spinners rises after Q3 profit climb
** Shares of Nitin Spinners NISP.NS rise as much as 4.7% to 363.95 rupees
** Textile manufacturer reported a 0.5% rise in Dec-qtr profit from continuing operations
** NISP on track for third straight session of gains
** Stock clocked fourth straight qtr. of gains in the Dec. qtr.
** NISP rose ~59% in 2023, reversing a 22% fall in 2022
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Nitin Spinners NISP.NS rise as much as 4.7% to 363.95 rupees
** Textile manufacturer reported a 0.5% rise in Dec-qtr profit from continuing operations
** NISP on track for third straight session of gains
** Stock clocked fourth straight qtr. of gains in the Dec. qtr.
** NISP rose ~59% in 2023, reversing a 22% fall in 2022
(Reporting by Kashish Tandon in Bengaluru)
Nitin Spinners Says Commercial Production At Begun Unit Started On Nov 30
Nov 30 (Reuters) - Nitin Spinners Ltd NISP.NS:
COMMERCIAL PRODUCTION IN RING SPINNING UNIT OF32640 COMPACT SPINDLES AT BEGUN UNIT STARTED ON NOV 30
Further company coverage: NISP.NS
(([email protected];))
Nov 30 (Reuters) - Nitin Spinners Ltd NISP.NS:
COMMERCIAL PRODUCTION IN RING SPINNING UNIT OF32640 COMPACT SPINDLES AT BEGUN UNIT STARTED ON NOV 30
Further company coverage: NISP.NS
(([email protected];))
Nitin Spinners Installation Of Rooftop Solar Power Plant Of 3.90 MW
Nov 9 (Reuters) - Nitin Spinners Ltd NISP.NS:
INSTALLATION OF ROOFTOP SOLAR POWER PLANT OF 3.90 MW AT COST OF 160 MILLION RUPEES
INDIA'S NITIN SPINNERS SEPT-QUARTER PROFIT FROM CONTINUING OPERATIONS 317 MILLION RUPEES VERSUS PROFIT 291.1 MILLION RUPEES
NITIN SPINNERS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 7.37 BILLION RUPEES VERSUS 5.06 BILLION RUPEES
Source text for Eikon: ID:nBSE9XmQgb
Further company coverage: NISP.NS
(([email protected];;))
Nov 9 (Reuters) - Nitin Spinners Ltd NISP.NS:
INSTALLATION OF ROOFTOP SOLAR POWER PLANT OF 3.90 MW AT COST OF 160 MILLION RUPEES
INDIA'S NITIN SPINNERS SEPT-QUARTER PROFIT FROM CONTINUING OPERATIONS 317 MILLION RUPEES VERSUS PROFIT 291.1 MILLION RUPEES
NITIN SPINNERS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 7.37 BILLION RUPEES VERSUS 5.06 BILLION RUPEES
Source text for Eikon: ID:nBSE9XmQgb
Further company coverage: NISP.NS
(([email protected];;))
Nitin Spinners Says Commercial Production At 2 Units Commence On 28th Sept
Sept 28 (Reuters) - Nitin Spinners Ltd NISP.NS:
COMMERCIAL PRODUCTION AT 2 UNITS COMMENCE ON 28TH SEPT
Further company coverage: NISP.NS
(([email protected];))
Sept 28 (Reuters) - Nitin Spinners Ltd NISP.NS:
COMMERCIAL PRODUCTION AT 2 UNITS COMMENCE ON 28TH SEPT
Further company coverage: NISP.NS
(([email protected];))
India's Nitin Spinners up on block deal; stock in overbought zone
** Shares of Nitin Spinners NISP.NS rise as much as 6.51% to 285.80 rupees, an 18-month high
** About 185,682 shares of textile manufacturer traded in a block at an average price of 280.50 rupees, as of 1:37 p.m. IST - Refinitiv data
** Stock most active in over seven months since Jan. 6, with a trading volume of 818,055 shares as of 1:42 p.m. IST, more than five times the 30-day avg - Refinitiv data
** Relative strength index rises above 70, suggesting stock may be overbought
** NISP up ~40% in 2023 so far, including today's gains
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Nitin Spinners NISP.NS rise as much as 6.51% to 285.80 rupees, an 18-month high
** About 185,682 shares of textile manufacturer traded in a block at an average price of 280.50 rupees, as of 1:37 p.m. IST - Refinitiv data
** Stock most active in over seven months since Jan. 6, with a trading volume of 818,055 shares as of 1:42 p.m. IST, more than five times the 30-day avg - Refinitiv data
** Relative strength index rises above 70, suggesting stock may be overbought
** NISP up ~40% in 2023 so far, including today's gains
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
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Popular questions
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What does Nitin Spinners do?
Nitin Spinners Limited, established in 1992, is India’s leading manufacturer of Cotton Yarn, Knitted Fabrics, and Finished Woven Fabrics with a focus on high-quality products and services. It has shown remarkable growth in the Indian Textile Industry through forward integration.
Who are the competitors of Nitin Spinners?
Nitin Spinners major competitors are Sangam India, Filatex India, Raj Rayon Industries, AYM Syntex, Sportking India, Pashupati Cotspin, AB Cotspin India. Market Cap of Nitin Spinners is ₹2,097 Crs. While the median market cap of its peers are ₹1,494 Crs.
Is Nitin Spinners financially stable compared to its competitors?
Nitin Spinners seems to be less financially stable compared to its competitors. Altman Z score of Nitin Spinners is 2.9 and is ranked 7 out of its 8 competitors.
Does Nitin Spinners pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Nitin Spinners latest dividend payout ratio is 10.69% and 3yr average dividend payout ratio is 8.7%
How has Nitin Spinners allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Nitin Spinners balance sheet?
Balance sheet of Nitin Spinners is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Nitin Spinners improving?
The profit is oscillating. The profit of Nitin Spinners is ₹175 Crs for TTM, ₹132 Crs for Mar 2024 and ₹165 Crs for Mar 2023.
Is the debt of Nitin Spinners increasing or decreasing?
The net debt of Nitin Spinners is decreasing. Latest net debt of Nitin Spinners is ₹1,155 Crs as of Mar-25. This is less than Mar-24 when it was ₹1,338 Crs.
Is Nitin Spinners stock expensive?
Yes, Nitin Spinners is expensive. Latest PE of Nitin Spinners is 11.96, while 3 year average PE is 10.19. Also latest EV/EBITDA of Nitin Spinners is 6.9 while 3yr average is 6.4.
Has the share price of Nitin Spinners grown faster than its competition?
Nitin Spinners has given lower returns compared to its competitors. Nitin Spinners has grown at ~21.62% over the last 3yrs while peers have grown at a median rate of 40.59%
Is the promoter bullish about Nitin Spinners?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 56.62% and last quarter promoter holding is 56.5%.
Are mutual funds buying/selling Nitin Spinners?
The mutual fund holding of Nitin Spinners is increasing. The current mutual fund holding in Nitin Spinners is 15.42% while previous quarter holding is 15.41%.