Nitin Spinners Limited (IN:NITINSPIN)
:NITINSPIN
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Nitin Spinners Limited
(NITINSPIN)
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Rating:63Neutral
Price Target:
₹515.00
▲(60.89% Upside)
Action:Downgraded
Date:05/11/26
The score is held back primarily by pressured FY2026 fundamentals and highly volatile free cash flow despite improving leverage. Offsetting this, technicals show a strong uptrend and momentum, and valuation appears relatively modest on earnings, though the dividend yield offers limited support.
Positive Factors
Improving leverage
Debt-to-equity reduction to ~0.76 signals an improving capital structure that lowers refinancing and interest-rate risk. A more moderate leverage ratio enhances financial flexibility for steady capex, working-capital needs and strategic investments over the next 2-6 months, supporting operational stability.
Negative Factors
Volatile cash conversion
Highly inconsistent operating and free cash flows constrain reliable reinvestment, dividend capacity and debt reduction. Large swings raise execution and timing risk for capex and working capital, increasing the probability of external financing needs and impaired capital-allocation choices.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Debt-to-equity reduction to ~0.76 signals an improving capital structure that lowers refinancing and interest-rate risk. A more moderate leverage ratio enhances financial flexibility for steady capex, working-capital needs and strategic investments over the next 2-6 months, supporting operational stability.
Read all positive factors
Nitin Spinners Limited (NITINSPIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.03B
Dividend Yield0.94%
Average Volume (3M)5.36K
Price to Earnings (P/E)10.9
Beta (1Y)1.10
Revenue Growth-2.78%
EPS Growth1.20%
CountryIN
Employees7,142
SectorBasic Materials
Sector Strength58
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)29.69
Shares Outstanding56,220,000
10 Day Avg. Volume4,582
30 Day Avg. Volume5,360
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)40.75
Revenue Forecast (FY)₹37.37B
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 primarily makes money by manufacturing and selling textile products, with revenue largely coming from (1) yarn sales (including cotton and blended yarns) and (2) fabric/knitted fabric sales. The company’s earnings are driven by the ...
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 | 32.34B | 32.14B | 33.06B | 29.06B | 23.85B | 26.64B |
| Gross Profit | 8.98B | 5.50B | 9.22B | 6.21B | 7.76B | 9.02B |
| EBITDA | 4.52B | 4.53B | 4.75B | 3.77B | 3.00B | 6.49B |
| Net Income | 1.67B | 1.78B | 1.75B | 1.32B | 1.65B | 3.26B |
Balance Sheet | ||||||
| Total Assets | 25.37B | 29.15B | 27.32B | 27.17B | 22.18B | 18.24B |
| Cash, Cash Equivalents and Short-Term Investments | 59.38M | 86.44M | 123.13M | 663.00K | 17.88M | 2.60M |
| Total Debt | 9.15B | 11.24B | 11.65B | 13.39B | 9.80B | 6.89B |
| Total Liabilities | 11.68B | 14.25B | 14.21B | 15.70B | 11.89B | 9.49B |
| Stockholders Equity | 13.69B | 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 Technical Analysis
Positive
320.10
Price Trends
416.86
Positive
376.29
Positive
354.93
Positive
Market Momentum
25.87
Positive
66.96
Neutral
40.03
Neutral
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 477.05, below the 50-day MA of 416.86, and below the 200-day MA of 354.93, indicating a bullish trend. The MACD of 25.87 indicates Positive momentum. The RSI at 66.96 is Neutral, neither overbought nor oversold. The STOCH value of 40.03 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹176.49B | 20.00 | ― | 1.13% | 0.86% | -15.59% | |
63 Neutral | ₹28.03B | 10.87 | ― | 0.94% | -2.78% | 1.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹327.47B | 32.72 | ― | 0.52% | 4.11% | 257.30% | |
54 Neutral | ₹9.38B | -13.61 | ― | 0.51% | -1.48% | ― | |
54 Neutral | ₹123.58B | 74.25 | ― | 1.84% | -4.09% | 1.59% | |
44 Neutral | ₹1.90B | 22.90 | ― | ― | -3.84% | ― |
* Basic Materials Sector Average
IN:NITINSPIN
Nitin Spinners Limited
498.50
109.91
28.28%
IN:BASML
Bannari Amman Spinning Mills Limited
23.72
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IN:KPRMILL
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IN:NAHARSPING
Nahar Spinning Mills Ltd
260.00
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-6.15%
IN:TRIDENT
Trident Limited
24.25
-8.72
-26.45%
IN:VTL
Vardhman Textiles Limited
610.10
103.05
20.32%
Nitin Spinners Limited Corporate Events
Nitin Spinners Publishes Audited FY26 Results in Leading Dailies
May 9, 2026
Nitin Spinners Limited has notified stock exchanges that it has published its audited financial results for the quarter and year ended March 31, 2026 in leading English and Hindi newspapers. The disclosure, made in line with SEBI listing regulatio...
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.