NITINSPINConsumer Discretionary

Nitin Spinners Limited

Other Textile Products · ISIN INE229H01012 · BSE 532698 · NSE EQ · FV ₹10
Last price
₹676
+2.59%today
What this company does

Nitin Spinners Limited operates in Other Textile Products, part of the Consumer Discretionary sector. It booked ₹985 cr of revenue in its latest quarter (Q2 FY27) and kept 9.0% of sales as profit.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
60

At close. Not part of the score.

Profitability & returns80

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality73

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 30% vs last year
✓ Profit up 155% vs last year
✓ Promoters hold 57%
✓ No promoter shares pledged
✓ Strong 22% return on equity
✓ Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.1)

What if I invest in NITINSPIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 9% a year, it would become
₹19.11 lakh

The slider starts at 9%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹676▲ +2.59%
latest close · 2026-11-04
1-year return
+206.0%
52-wk low ₹18252-wk high ₹697
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.7Low
LowAverageHigh
P/B ratio2.34Moderate
Below bookModerateHigh
EV / EBITDA7.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.9%Strong
WeakFairStrong ▸15%
Return on capital18.8%Strong
WeakFairStrong
Net margin9.0%Decent
ThinDecentStrong
EBITDA margin18.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.10High
LowModerateHigh ▸1
Interest cover7.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.59Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,800 cr
Book value
₹288
EPS
₹15.77
latest quarter
Net debt
₹1,780 cr
owes more than its cash
Enterprise value
₹5,580 cr
EBITDA
₹708 cr
annualised
EBIT
₹556 cr
annualised
Operating margin
14.1%
Return on assets
9.5%
Earnings yield
9.33%
P/S
0.96
Sales / share
₹700.9
Tax rate
25.5%
Face value
₹10
Shares
5.6 cr
Working capital
₹457 cr
Current assets
₹1,236 cr
Current liabilities
₹779 cr
Delivery %
46.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹316 vs market price ₹676 — price is 114% above it
Safety cushion-113.9%(target ≥ +20%)
Models span ₹240–₹392, midpoint ₹316
Model ₹316
Price ₹676
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹985 cr
Other Income₹2 cr
Total Income₹987 cr
Cost of Materials₹610 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-23 cr
Employee Benefit Expense₹64 cr
Finance Costs₹20 cr
Depreciation & Amortisation₹38 cr
Other Expenses₹159 cr
Total Expenses₹868 cr
Profit before Tax₹119 cr
Tax Expense₹30 cr
Net Profit₹89 cr
Net margin on total income9.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹587 cr59.5%
Employee benefit expense₹64 cr6.5%
Finance costs₹20 cr2.0%
Depreciation & amortisation₹38 cr3.9%
Other expenses₹159 cr16.1%
Tax expense₹30 cr3.1%
Profit for the period₹89 cr9.0%
Total income ₹987 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue860 cr875 cr985 cr
Total income861 cr877 cr987 cr
Expenses783 cr776 cr868 cr
Profit before tax78 cr101 cr119 cr
Tax21 cr26 cr30 cr
Net profit (owners' share)57 cr75 cr89 cr
Net margin (owners' share, on revenue)6.7%8.6%9.0%
EPS (₹)10.2013.3915.77
YoY (latest quarter): total income +29.7% · net profit +154.9%
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹3,741 cr
Shareholder equity
₹1,622 cr
parent shareholders
Total debt
₹1,780 cr
Cash
₹7.6 L
Cash flow · H1 FY27
Operating
₹209 cr
Investing
₹-812 cr
Financing
₹599 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,160₹39,649 cr28.7
Welspun Living Limited₹253₹23,909 cr34.0
Vardhman Textiles Limited₹510₹14,513 cr11.7
Trident Limited₹24₹12,123 cr17.5
Indo Count Industries Limited₹467₹9,246 cr36.6
Garware Technical Fibres Limited₹739₹7,216 cr30.8
Kusumgar Limited₹563₹5,911 cr33.7
Sanathan Textiles Limited₹520₹4,385 cr46.1
Alok Industries Limited₹8₹4,057 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.44%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹3 / share11 Sep 2026
Dividend₹3 / share29 Aug 2025
Dividend₹2.5 / share9 Sep 2024
Dividend₹2.5 / share11 Sep 2023
Dividend₹2.5 / share7 Sep 2022
Dividend₹1.5 / share10 Feb 2022
Who owns it · 2026-09-30
No pledge
Promoter
56.7%
FII / Foreign
1.9%
DII / Domestic
14.8%
Retail / others
26.6%
Promoter stake up 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtREDIAL TRADING AND INVESTMENT PVT. LTD · Promoters43,500 · ₹98.5 L31 Mar 22
BoughtREDIAL TRADING & INVESTMENT PVT LTD · Promoters45,000 · ₹1.0 cr20 Dec 21
BoughtREDIAL TRADING & INVESTMENT PVT LTD · Promoters35,000 · ₹25.9 L9 Feb 21
Bulk / block deals
short— · NSE20016 Oct 26
short— · NSE40014 Oct 26
short— · NSE40012 Oct 26
Stake changes
BoughtBandhan Mutual Fund (formerly IDFC Mutual Fund) through its schemes.→ 5.01% · 15,30012 Feb 25
SoldRatan Lal Nolkha alongwith PAC · promoter→ 0.00% · 61.50 L12 Sep 23
BoughtSushila Devi Nolkha · promoter→ 13.87% · 61.50 L12 Sep 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 21 Sep 2026
See the official result
1
To adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Board's and Auditors' Reports thereon.
Backed by 100% of shareholders other than promotersneeded 50%
86.70 L votes for, 352 against · 0% of mutual funds and other big investors said no
2
To declare Final Dividend of Rs.3.00 per Equity Share for the financial year ended 31st March, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
86.70 L votes for, 52 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Dinesh Nolkha (DIN:00054658) who retires by rotation and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
86.70 L votes for, 352 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Sh. Rohit Swadheen Mehta Director as an Independent Director of the Company for a second term of five consecutive years w.e.f. 30th December, 2026.
Backed by 100% of shareholders other than promotersneeded 75%
86.64 L votes for, 6,883 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 56.7% between them · as of 2026-09-30
REDIAL TRADING AND INVESTMENT PRIVATE LIMITED32.18%
SUSHILA DEVI NOLKHA13.87%
NITIN NOLAKHA3.29%
RATAN LAL NOLKHA HUF2.96%
DINESH NOLKHA2.12%
DINESH NOLKHA HUF0.64%
KRISHNA NOLKHA0.48%
PRATYUSH NOLAKHA0.46%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.