Nitin Spinners Limited (NITINSPIN)

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Nitin Spinners Limited (NITINSPIN) · mywealthgrid

About

Nitin Spinners Limited operates in Other Textile Products, a segment within the Consumer Discretionary sector, with quarterly revenues of ₹800–875 Cr and a market cap of ₹3,107.58 Cr. The company maintains operating margins between 13% and 17%, and has distributed consistent dividends in recent years (2022–2025).

Face value: ₹10

Market cap

₹3,342 Cr

P/E

15.8×

P/B

2.3×

Dividend yield

0.5%

ROE

12.8%

ROCE

14.6%

Debt / equity

0.76

OPM

14.1%

EPS (TTM)

₹37.7

Book value

₹261.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility (13.1% to 17.78% over 8 quarters) exposes the company to input cost or demand shocks — verify primary cost drivers and hedging practices
Quarterly revenue remained in ₹760–875 Cr band over two years with no clear inflection — verify whether growth is capacity-constrained, demand-limited, or cyclical
FII holding minimal at 1.92% (Jun 2026), down from 1.09% three months prior; low institutional ownership may indicate limited analyst coverage — verify recent trading volumes and research availability
Moderate leverage (D/E 0.76) is typical for textiles but sector faces working-capital and commodity-price pressures — verify cash conversion cycle and covenant headroom

Generated analysis · source review pending

Growth drivers

Net profit surged 84% YoY to ₹75.27 Cr (Jun 2026 vs Jun 2025) while revenue grew ~10%, indicating margin expansion — verify whether operational efficiency or temporary input-cost relief is driving the gain
Operating margin expanded 4–5pp to 17.78% (Jun 2026), the highest in the 8-quarter window — verify whether improvements are structural or cyclical
Stock returned 65% in 1y, suggesting investor confidence in recent momentum — verify whether underlying cash generation and capital returns can sustain expectations
Dividend distributions in recent years (2022–2025) reflect consistent cash generation — verify payout ratio and whether distributions remain sustainable at current profit levels

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹594.6-1.9%1Y

Quick read

rule-based

Pros

+Profit CAGR of 20.9% over the last 5 years

Cons

−Low dividend payout of 8% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 36
Growth: 50
Valuation: 80

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	767	934	1,145	1,243	1,438	1,624	2,692	2,407	2,906	3,306	3,214
COGS	-463	-588	-733	781	914	946	1,476	1,631	1,909	2,102	2,015
Gross profit	—	—	—	461	524	678	1,216	776	996	1,203	1,199
	1,093	1,394	1,724	283	354	421	564	479	619	732	746
	137	127	155	178	170	257	652	297	377	471	453
OPM %	17.9%	13.6%	13.5%	14.3%	11.8%	15.8%	24.2%	12.3%	13%	14.3%	14.1%
Depreciation	40	42	56	55	81	91	87	87	118	148	148
Interest	33	—	30	29	56	62	55	38	83	90	71
	0	0	2	3	2	2	-3	3	2	4	5
Profit before tax	65	70	71	97	36	107	506	176	178	237	239
Tax	21	13	19	33	12	38	180	11	46	62	61
Tax %	32.3%	18.4%	26.7%	34.1%	33.2%	35.4%	35.6%	6.3%	25.9%	26%	25.6%
	44	57	52	64	24	69	326	165	132	175	178
PAT margin %	5.8%	6.1%	4.6%	5.2%	1.7%	4.2%	12.1%	6.9%	4.5%	5.3%	5.5%
EPS (₹)	9.6	—	10.5	11.4	4.2	12.3	58	29.3	23.4	31.2	31.6
EPS adjusted (₹)	—	—	—	—	4.2	12.3	58	29.3	23.4	31.2	31.6
	10.4%	—	11.5%	10.9%	14.2%	12.2%	6.9%	8.5%	10.7%	9.6%	9.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	56	56	56	56	56	56	56
Reserves	—	507	820	973	1,090	1,255	1,415
	—	962	689	980	1,339	1,165	1,124
	—	151	260	209	231	256	319
Total equity & liabilities	—	1,676	1,824	2,218	2,717	2,732	2,915
	1,140	1,060	1,012	1,011	1,709	1,577	1,489
CWIP	—	2	0	340	2	7	102
Investments	—	0	0	0	0	0	17
	—	615	812	867	1,005	1,148	1,306
Total assets	—	1,676	1,824	2,218	2,717	2,732	2,915

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	155	431	194	163	307	411
	-11	-86	-433	-426	-22	-287
	-144	-345	239	262	-279	-128
Net cash flow	-0	0	-0	0	7	-4
Free cash flow	143	381	107	-653	291	350
CFO / Operating profit %	60.2%	66.2%	65.2%	43.4%	65.2%	90.7%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	37.1%	36.4%	41.7%	45.2%	32.2%	34.3%	36.4%	37.3%
EBITDA margin %	14.3%	11.8%	15.8%	24.2%	12.3%	13%	14.3%	14.1%
EBIT margin %	9.9%	6.2%	10.2%	21%	8.7%	8.9%	9.8%	9.5%
PAT margin %	5.2%	1.7%	4.2%	12.1%	6.9%	4.5%	5.3%	5.5%
Working capital
Receivable days	—	—	37	33	34	40	47	49
Inventory days	—	—	137	100	110	108	105	110
Payable days	—	—	21	20	12	14	15	18
NWC days	—	—	153	113	132	134	137	141
Leverage
Current ratio	—	—	1.27	1.83	1.5	1.54	1.71	1.53
Debt to EBITDA	—	—	3.74	1.06	3.3	3.55	2.47	2.48
Debt to equity	—	—	1.71	0.79	0.95	1.17	0.89	0.76
Interest coverage	4.4	1.6	2.7	10.2	5.7	3.1	3.6	4.4
Asset turnover	—	—	0.97	1.48	1.09	1.07	1.21	1.1
Return ratios
Return on assets %	—	—	4.1%	17.9%	7.4%	4.8%	6.4%	6.1%
Return on capital employed %	—	—	14%	43.3%	13.8%	13.9%	15.8%	14.6%
Return on equity %	—	—	12.2%	37.2%	16%	11.5%	13.4%	12.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.41%	56.41%	56.46%	56.47%	56.5%	56.5%	56.62%	56.62%	56.62%	56.71%	56.71%	56.71%
	1.32%	1.09%	0.7%	0.6%	0.74%	1.5%	0.99%	0.83%	0.9%	0.92%	1.09%	1.92%
	11.24%	13.32%	13.74%	14.99%	14.85%	15.49%	15.42%	15.69%	15.69%	14.34%	14.28%	14.68%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.03%	29.18%	29.1%	27.94%	27.91%	26.51%	26.97%	26.86%	26.79%	28.03%	27.92%	26.69%
No. of shareholders	—	—	—	—	—	—	—	—	35,876	35,365	35,002	31,698

Promoter holding up 0.3 percentage points since Sep 2023.

34 deals · 3 Aug 2021 – 23 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	3,45,337	₹390.12	₹13.47 Cr
23 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	3,41,835	₹389.70	₹13.32 Cr
20 Feb 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	10,48,241	₹408.15	₹42.78 Cr
20 Feb 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	10,48,241	₹408.44	₹42.81 Cr
20 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	10,22,254	₹410.62	₹41.98 Cr
20 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	10,22,254	₹410.37	₹41.95 Cr
20 Feb 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	8,44,341	₹408.78	₹34.51 Cr
20 Feb 2026	IRAGE BROKING SERVICES LLP	Bulk	BSE	Sell	7,08,520	₹409.25	₹29.00 Cr
20 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	7,02,277	₹406.71	₹28.56 Cr
20 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	6,95,963	₹406.90	₹28.32 Cr

1–10 of 34

1 / 4

Mr. DINESH NOLKHAExecutive Director-Chairperson related to Promoter-CEO-MD
Mr. NITIN NOLAKHAExecutive Director-MD
P MaheshwariChief Financial Officer
Mr. ROHIT SWADHEEN MEHTANon-Executive - Independent Director
Mr. RISHABH CHAND LODHANon-Executive - Independent Director
Mr. PRATYUSH NOLKHAExecutive Director
Mrs. VIBHA ARENNon-Executive - Independent Director
Sudhir GargCompany Secretary and Compliance Officer & General Manager - Legal

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.97%

of the company's equity

All mutual funds

14.52%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
Small Cap Fund	Bajaj Finserv Mutual Fund	3.25 L	20.38	0.77%	0.578%	-0
Multi Cap Fund	Bajaj Finserv Mutual Fund	1.79 L	11.25	0.69%	0.319%	-0
ELSS - Tax Saver Fund ( Formerly known as Bajaj Finserv ELSS Tax Saver Fund)NEW	Bajaj Finserv Mutual Fund	38,773	2.43	2.65%	0.069%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	72	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

25 Aug 2026, 12:55 pmCorp. Action

INTIMATION OF RECORD DATE / BOOK CLOSURE

Book Closure PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	37.1%	36.4%	41.7%	45.2%	32.2%	34.3%	36.4%	37.3%
EBITDA margin %	14.3%	11.8%	15.8%	24.2%	12.3%	13%	14.3%	14.1%
EBIT margin %	9.9%	6.2%	10.2%	21%	8.7%	8.9%	9.8%	9.5%
PAT margin %	5.2%	1.7%	4.2%	12.1%	6.9%	4.5%	5.3%	5.5%
Working capital
Receivable days	—	—	37	33	34	40	47	49
Inventory days	—	—	137	100	110	108	105	110
Payable days	—	—	21	20	12	14	15	18
NWC days	—	—	153	113	132	134	137	141
Leverage
Current ratio	—	—	1.27	1.83	1.5	1.54	1.71	1.53
Debt to EBITDA	—	—	3.74	1.06	3.3	3.55	2.47	2.48
Debt to equity	—	—	1.71	0.79	0.95	1.17	0.89	0.76
Interest coverage	4.4	1.6	2.7	10.2	5.7	3.1	3.6	4.4
Asset turnover	—	—	0.97	1.48	1.09	1.07	1.21	1.1
Return ratios
Return on assets %	—	—	4.1%	17.9%	7.4%	4.8%	6.4%	6.1%
Return on capital employed %	—	—	14%	43.3%	13.8%	13.9%	15.8%	14.6%
Return on equity %	—	—	12.2%	37.2%	16%	11.5%	13.4%	12.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

Date	Category	Subject	Filing
25 Aug 2026, 12:55 pm	Corp. Action Book Closure	INTIMATION OF RECORD DATE / BOOK CLOSURE	PDF
25 Aug 2026, 12:16 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
25 Aug 2026, 11:53 am	AGM/EGM AGM	NOTICE FOR 34TH ANNUAL GENERAL MEETING AND ANNUAL REPORT 2025-26	PDF
19 Aug 2026, 4:20 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
11 Aug 2026, 10:17 am	Company Update General	ANALYST/INVESTOR EARNING CALL AUDIO RECORDING	PDF
10 Aug 2026, 11:10 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Aug 2026, 5:49 pm	Company Update Cessation	Announcement under Regulation 30 (LODR)-Cessation	PDF
8 Aug 2026, 4:58 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

Nitin Spinners Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

14

1

Compounded sales growth

Compounded profit growth

Return on equity

Nitin Spinners Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends14

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

14

1