Nitin Spinners Limited (IN:NITINSPIN)
:NITINSPIN
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Nitin Spinners Limited
(NITINSPIN)
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Rating:79Outperform
Price Target:
₹509.00
▲(59.01% Upside)
Action:UpgradedDate:04/28/26
The score is driven primarily by strong financial performance (notably revenue growth and sharply improving free cash flow) and positive technical momentum with price well above major moving averages. Valuation is supportive due to a low P/E, while the modest dividend yield and moderate leverage slightly temper the overall rating.
Positive Factors
Strong cash generation
The company generated materially stronger cash flows, with free cash flow rising 143.71% and operating cash flow well above reported earnings (OCF/NI 1.75). Durable cash conversion supports capex, working capital, debt service and strategic reinvestment over the next several quarters.
Negative Factors
Moderate leverage
Leverage near 0.9 magnifies exposure to interest-cost cycles and reduces financial flexibility for opportunistic investments or prolonged downturns. In a capital-intensive textile industry, this level of debt requires consistent free cash flow to avoid stress if margins or volumes slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
The company generated materially stronger cash flows, with free cash flow rising 143.71% and operating cash flow well above reported earnings (OCF/NI 1.75). Durable cash conversion supports capex, working capital, debt service and strategic reinvestment over the next several quarters.
Read all positive factors
Nitin Spinners Limited (NITINSPIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.93B
Dividend Yield0.94%
Average Volume (3M)5.36K
Price to Earnings (P/E)10.0
Beta (1Y)1.15
Revenue Growth-2.13%
EPS Growth-1.00%
CountryIN
Employees7,142
SectorBasic Materials
Sector Strength58
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)7.90
Shares Outstanding56,220,000
10 Day Avg. Volume4,582
30 Day Avg. Volume5,360
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.42
Price to Sales (P/S)0.56
P/FCF Ratio6.49
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)34.53
Revenue Forecast (FY)₹36.18B
Nitin Spinners Limited Business Overview & Revenue Model
Company Description
Nitin Spinners Limited manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India. The company offers ring spun carded, ring spun, compact ring spun combed, compact ring spun, blended ring spun, fancy slub, compact fan...
How the Company Makes Money
Nitin Spinners makes money primarily by manufacturing textile intermediate goods and selling them to customers such as fabric processors, garment manufacturers, exporters, and other textile industry participants. Its main revenue streams are: (1) ...
Nitin Spinners Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.34B | 33.06B | 29.06B | 23.85B | 26.64B | 16.09B |
| Gross Profit | 8.98B | 9.22B | 6.21B | 7.76B | 9.02B | 4.28B |
| EBITDA | 4.52B | 4.75B | 3.77B | 3.00B | 6.49B | 2.59B |
| Net Income | 1.67B | 1.75B | 1.32B | 1.65B | 3.26B | 688.72M |
Balance Sheet | ||||||
| Total Assets | 25.37B | 27.32B | 27.17B | 22.18B | 18.24B | 16.76B |
| Cash, Cash Equivalents and Short-Term Investments | 59.38M | 123.13M | 663.00K | 17.88M | 2.60M | 206.00K |
| Total Debt | 9.15B | 11.65B | 13.39B | 9.80B | 6.89B | 9.62B |
| Total Liabilities | 11.68B | 14.21B | 15.70B | 11.89B | 9.49B | 11.13B |
| Stockholders Equity | 13.69B | 13.11B | 11.46B | 10.29B | 8.76B | 5.63B |
Cash Flow | ||||||
| Free Cash Flow | 3.13B | 2.86B | -6.53B | -2.42B | 3.39B | 1.42B |
| Operating Cash Flow | 3.80B | 3.07B | 1.63B | 1.94B | 4.31B | 1.55B |
| Investing Cash Flow | -840.48M | -215.84M | -4.26B | -4.33B | -859.05M | -112.23M |
| Financing Cash Flow | -3.03B | -2.79B | 2.62B | 2.39B | -3.45B | -1.44B |
Nitin Spinners Limited Technical Analysis
Positive
320.10
Price Trends
366.52
Positive
343.69
Positive
345.80
Positive
Market Momentum
13.30
Negative
69.83
Neutral
90.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NITINSPIN, the sentiment is Positive. The current price of 320.1 is below the 20-day moving average (MA) of 378.82, below the 50-day MA of 366.52, and below the 200-day MA of 345.80, indicating a bullish trend. The MACD of 13.30 indicates Negative momentum. The RSI at 69.83 is Neutral, neither overbought nor oversold. The STOCH value of 90.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NITINSPIN.
Nitin Spinners Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹25.93B | 9.96 | ― | 0.94% | -2.13% | -1.00% | |
71 Outperform | ₹41.49B | 22.96 | ― | 0.39% | 24.33% | 25.04% | |
63 Neutral | ₹25.43B | 7.56 | ― | 1.10% | -16.17% | -6.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹6.31B | -8.15 | ― | ― | -3.52% | 0.79% | |
50 Neutral | ₹12.45B | -115.81 | ― | ― | ― | ― | |
40 Underperform | ₹11.12B | 127.23 | ― | ― | -41.85% | -96.54% |
* Basic Materials Sector Average
IN:NITINSPIN
Nitin Spinners Limited
461.15
102.15
28.45%
IN:MADRASFERT
Madras Fertilizers Ltd
69.00
-15.07
-17.93%
IN:MOL
Meghmani Organics Limited
48.94
-19.18
-28.16%
IN:PRAKASH
Prakash Industries Limited
142.00
-28.80
-16.86%
IN:RAMRAT
Ram Ratna Wires Limited
444.45
186.67
72.41%
IN:SUTLEJTEX
Sutlej Textiles & Industries Ltd.
38.49
1.63
4.42%
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.