Nifty

:

20267.90

Sensex

:

67481.19

134.75 (0.67%)
492.75 (0.74%)

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Nifty
Sensex

:
:

20267.90
67481.19

134.75 (0.67%)
492.75 (0.74%)

Nitin Spinners Ltd.

Textile - Spinning

Rating :

54/99

BSE: 532698 | NSE: NITINSPIN

Watchlist

NSE BSE

359.25

01-Dec-2023

Open
High
Low
Previous Close

360.15
366.90
356.70
358.10

Volume
Traded Value (lacs)
52 Week High
52 Week Low

243430
881.10
366.90
183.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

2,018.86
15.44
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,234.16
0.70%
1.88

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

17.29
14.14
14.00

EBITDA CAGR (%)

10 Years
5 Years
3 Years

12.20
10.78
2.92

PAT CAGR (%)

10 Years
5 Years
3 Years

16.83
20.78
33.76

P:E (Median)

8 Years
5 Years
3 Years

7.88
7.39
8.06

P:BV (Average)

8 Years
5 Years
3 Years

1.25
1.25
1.46

EV:EBITDA (Average)

8 Years
5 Years
3 Years

6.06
5.98
5.81

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Sep 23 Sep 22 Var% Jun 23 Jun 22 Var% Mar 23 Mar 22 Var% Dec 22 Dec 21 Var%
Net Sales 737.40 505.88 45.77% 617.12 708.83 -12.94% 654.79 769.07 -14.86% 537.20 704.94 -23.79%
Expenses 655.41 448.85 46.02% 541.01 599.89 -9.82% 583.83 601.62 -2.96% 477.07 526.84 -9.45%
EBITDA 81.98 57.03 43.75% 76.10 108.94 -30.15% 70.96 167.45 -57.62% 60.13 178.11 -66.24%
EBIDTM 11.12% 11.27% 12.33% 15.37% 10.84% 21.77% 11.19% 25.27%
Other Income 0.33 0.84 -60.71% 1.01 0.82 23.17% 1.36 0.52 161.54% 0.29 0.44 -34.09%
Interest 15.19 8.53 78.08% 15.12 11.46 31.94% 10.28 14.01 -26.62% 7.41 13.47 -44.99%
Depreciation 24.41 21.91 11.41% 23.03 21.78 5.74% 21.30 21.51 -0.98% 21.82 21.85 -0.14%
PBT 42.70 27.43 55.67% 38.96 76.53 -49.09% 40.74 132.44 -69.24% 31.18 143.23 -78.23%
Tax 11.00 -1.69 - 10.06 10.94 -8.04% 2.21 46.97 -95.29% -0.40 49.97 -
PAT 31.70 29.11 8.90% 28.90 65.58 -55.93% 38.54 85.47 -54.91% 31.58 93.26 -66.14%
PATM 4.30% 5.75% 4.68% 9.25% 5.89% 11.11% 5.88% 13.23%
EPS 5.64 5.18 8.88% 5.14 11.67 -55.96% 6.86 15.21 -54.90% 5.62 16.59 -66.12%

Description Jun 23 Jun 22 Var% Mar 23 Mar 22 Var% Dec 22 Dec 21 Var% Sep 22 Sep 21 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales 2,546.51 2,406.71 2,692.32 1,624.41 1,438.06 1,242.51 1,145.24 933.38 766.87 616.47 488.34 Net Sales Growth -5.29% -10.61% 65.74% 12.96% 15.74% 8.49% 22.70% 21.71% 24.40% 26.24% Cost Of Goods Sold 1,730.19 1,599.03 1,449.32 929.01 913.98 781.49 727.57 589.02 463.23 383.69 297.86 Gross Profit 816.32 807.68 1,243.00 695.41 524.08 461.02 417.68 344.36 303.64 232.79 190.48 GP Margin 32.06% 33.56% 46.17% 42.81% 36.44% 37.10% 36.47% 36.89% 39.59% 37.76% 39.01% Total Expenditure 2,257.32 2,109.65 2,040.70 1,367.15 1,268.29 1,064.44 990.33 799.92 629.83 517.29 394.40 Power & Fuel Cost - 189.42 209.07 178.57 162.72 133.15 125.51 92.11 65.05 51.30 34.96 % Of Sales - 7.87% 7.77% 10.99% 11.32% 10.72% 10.96% 9.87% 8.48% 8.32% 7.16% Employee Cost - 133.16 132.73 111.78 94.33 67.97 60.65 51.85 43.14 34.28 22.38 % Of Sales - 5.53% 4.93% 6.88% 6.56% 5.47% 5.30% 5.56% 5.63% 5.56% 4.58% Manufacturing Exp. - 106.55 103.39 72.92 55.62 26.33 39.79 34.17 30.75 25.11 20.26 % Of Sales - 4.43% 3.84% 4.49% 3.87% 2.12% 3.47% 3.66% 4.01% 4.07% 4.15% General & Admin Exp. - 5.72 6.92 4.73 3.74 17.28 1.90 1.84 2.60 2.11 3.85 % Of Sales - 0.24% 0.26% 0.29% 0.26% 1.39% 0.17% 0.20% 0.34% 0.34% 0.79% Selling & Distn. Exp. - 71.26 134.32 64.25 37.53 37.14 34.52 30.53 24.90 19.67 14.88 % Of Sales - 2.96% 4.99% 3.96% 2.61% 2.99% 3.01% 3.27% 3.25% 3.19% 3.05% Miscellaneous Exp. - 4.51 4.94 5.90 0.37 1.08 0.38 0.42 0.15 1.13 14.88 % Of Sales - 0.19% 0.18% 0.36% 0.03% 0.09% 0.03% 0.04% 0.02% 0.18% 0.04% EBITDA 289.17 297.06 651.62 257.26 169.77 178.07 154.91 133.46 137.04 99.18 93.94 EBITDA Margin 11.36% 12.34% 24.20% 15.84% 11.81% 14.33% 13.53% 14.30% 17.87% 16.09% 19.24% Other Income 2.99 3.31 1.84 1.90 2.13 2.77 2.26 0.79 0.72 5.13 0.35 Interest 48.00 37.68 55.34 61.61 55.56 28.90 29.55 22.27 33.01 22.62 17.46 Depreciation 90.56 86.81 87.40 91.03 80.70 54.64 56.19 41.66 39.56 27.94 24.87 PBT 153.58 175.88 510.72 106.52 35.64 97.30 71.44 70.32 65.19 53.75 51.95 Tax 22.87 11.06 180.03 37.65 11.83 33.19 19.05 12.97 21.03 12.79 17.17 Tax Rate 14.89% 6.29% 35.57% 35.35% 33.19% 34.11% 26.67% 18.44% 32.26% 23.80% 33.05% PAT 130.72 164.81 326.14 68.87 23.82 64.11 52.39 57.35 44.16 40.96 34.78 PAT before Minority Interest 130.72 164.81 326.14 68.87 23.82 64.11 52.39 57.35 44.16 40.96 34.78 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 5.13% 6.85% 12.11% 4.24% 1.66% 5.16% 4.57% 6.14% 5.76% 6.64% 7.12% PAT Growth -52.19% -49.47% 373.56% 189.13% -62.85% 22.37% -8.65% 29.87% 7.81% 17.77% EPS 23.26 29.33 58.03 12.25 4.24 11.41 9.32 10.20 7.86 7.29 6.19

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 1,028.90 875.81 563.35 494.03 482.53 416.83 264.29 205.65 167.00 131.56 Share Capital 56.22 56.22 56.22 56.22 56.22 55.55 45.83 45.83 45.83 45.83 Total Reserves 972.68 819.59 507.13 437.81 426.31 361.28 218.45 159.81 121.16 85.72 Non-Current Liabilities 658.90 537.25 637.11 726.31 660.26 336.26 410.84 289.54 332.43 154.21 Secured Loans 561.15 407.19 563.89 676.33 618.74 310.50 389.41 240.91 294.25 130.71 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 5.04 4.94 19.71 16.67 11.62 8.98 7.59 5.34 4.25 2.36 Current Liabilities 530.18 411.31 475.86 424.91 293.48 175.50 210.10 139.86 110.47 68.22 Trade Payables 52.29 82.09 54.77 41.50 35.44 25.57 18.20 13.09 9.37 10.70 Other Current Liabilities 162.40 126.89 132.65 95.17 68.70 60.75 78.57 62.90 41.71 38.93 Short Term Borrowings 312.94 189.96 283.28 286.61 185.43 87.52 112.21 57.72 53.34 13.42 Short Term Provisions 2.55 12.37 5.16 1.63 3.92 1.67 1.12 6.14 6.05 5.17 Total Liabilities 2,217.98 1,824.37 1,676.32 1,645.25 1,436.27 928.59 885.23 635.05 609.90 353.99 Net Block 1,011.09 1,011.87 1,059.73 1,139.61 523.56 569.80 613.49 382.07 416.74 191.21 Gross Block 1,480.07 1,394.83 1,380.40 1,370.73 674.57 666.50 654.36 625.29 621.13 378.71 Accumulated Depreciation 468.98 382.95 320.67 231.12 151.02 96.70 40.87 243.21 204.39 187.50 Non Current Assets 1,421.99 1,070.10 1,072.98 1,156.08 1,015.14 582.15 617.44 429.84 444.00 227.88 Capital Work in Progress 340.26 0.08 1.57 0.00 468.20 4.25 0.00 17.06 0.00 21.18 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 70.00 57.24 10.43 14.84 22.88 7.44 3.14 30.70 27.27 15.49 Other Non Current Assets 0.64 0.90 1.25 1.63 0.50 0.66 0.80 0.00 0.00 0.00 Current Assets 795.99 754.27 603.35 489.18 421.14 346.44 267.78 205.20 165.89 126.11 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 492.04 406.29 354.68 264.70 227.83 205.49 170.02 114.76 94.19 70.70 Sundry Debtors 222.66 240.68 165.85 152.78 120.73 88.10 48.33 39.25 40.42 24.89 Cash & Bank 0.43 0.61 0.85 0.43 3.03 0.30 1.27 0.57 0.68 0.06 Other Current Assets 80.87 74.20 68.71 60.69 69.56 52.56 48.17 50.62 30.60 30.45 Short Term Loans & Adv. 51.39 32.48 13.26 10.56 6.11 16.67 6.63 18.95 3.85 19.18 Net Current Assets 265.82 342.96 127.49 64.26 127.66 170.94 57.69 65.34 55.43 57.89 Total Assets 2,217.98 1,824.37 1,676.33 1,645.26 1,436.28 928.59 885.22 635.04 609.89 353.99

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity 193.76 431.43 154.87 98.19 103.73 66.29 53.56 100.40 44.51 86.62 PBT 175.88 510.72 106.52 35.64 97.30 71.44 70.32 65.19 53.75 51.95 Adjustment 126.58 146.02 153.48 136.39 83.87 86.35 63.60 72.53 51.41 42.42 Changes in Working Capital -55.52 -123.44 -89.04 -63.72 -58.55 -76.39 -64.86 -24.13 -49.51 3.48 Cash after chg. in Working capital 246.93 533.29 170.96 108.32 122.63 81.40 69.06 113.59 55.65 97.86 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -53.17 -101.86 -16.09 -10.13 -18.90 -15.11 -15.50 -13.20 -11.14 -11.23 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -433.40 -85.90 -11.22 -216.72 -483.40 -20.14 -241.29 -35.78 -219.45 -38.85 Net Fixed Assets -425.42 -12.94 -11.24 -227.96 -472.02 -16.39 -12.01 -21.22 -221.24 -22.72 Net Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Others -7.98 -72.96 0.02 11.24 -11.38 -3.75 -229.28 -14.56 1.79 -16.13 Cash from Financing Activity 239.45 -345.29 -143.75 115.90 382.32 -47.18 188.38 -64.73 175.56 -47.98 Net Cash Inflow / Outflow -0.19 0.24 -0.10 -2.63 2.65 -1.02 0.65 -0.11 0.62 -0.21 Opening Cash & Equivalents 0.26 0.02 0.12 2.75 0.10 1.12 0.48 0.68 0.06 0.28 Closing Cash & Equivalent 0.07 0.26 0.02 0.12 2.75 0.10 1.12 0.57 0.68 0.06

Financial Ratios

Standalone

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 183.01 155.78 100.20 87.88 85.83 75.03 57.66 44.87 36.44 28.70 ROA 8.15% 18.63% 4.15% 1.55% 5.42% 5.78% 7.54% 7.09% 8.50% 9.94% ROE 17.31% 45.32% 13.03% 4.88% 14.26% 15.38% 24.41% 23.70% 27.44% 29.94% ROCE 11.95% 36.35% 10.99% 6.34% 11.43% 11.89% 13.32% 17.81% 17.91% 22.57% Fixed Asset Turnover 1.67 1.94 1.18 1.41 1.85 1.73 1.46 1.23 1.23 1.29 Receivable days 35.14 27.56 35.80 34.71 30.67 21.74 17.12 18.96 19.33 19.78 Inventory Days 68.12 51.58 69.59 62.51 63.65 59.84 55.68 49.73 48.80 57.03 Payable days 15.34 17.23 18.91 10.50 10.11 7.74 6.61 6.17 6.73 6.94 Cash Conversion Cycle 87.92 61.91 86.47 86.72 84.20 73.84 66.19 62.52 61.40 69.87 Total Debt/Equity 0.95 0.79 1.71 2.11 1.78 1.08 2.15 1.71 2.27 1.34 Interest Cover 5.67 10.15 2.73 1.64 4.37 3.42 4.16 2.98 3.38 3.98

Top Investors:

qunat mutual fund quant small cap fund

hsbc small cap fund

mahindra manulife small cap fund

bandhan emerging business fund

ajay kumar aggarwal

investor education and protection fund (iepf)

Annual Reports:

News Update:

Nitin Spinners - Quarterly Results
9th Nov 2023, 14:07 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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