Nitin Spinners Ltd
NSE: NITINSPIN BSE: 532698
₹359.30
(4.63%)
Sat, 04 Apr 2026, 11:00 pm
Market Cap19.33B
PE Ratio12.13
Dividend0.84
Process Industries
Textiles
24.5KNitin Spinners Analysis
dividend
- Dividends paid are well covered by earnings (5x coverage).
- Nitin Spinners's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Nitin Spinners's dividend is above the markets top 25% of dividend payers in India (3.08%).
- Dividend payments have increased, but Nitin Spinners only paid a dividend in the past 6 years.
- Whilst dividend payments have been stable, Nitin Spinners has been paying a dividend for less than 10 years.
health
- Nitin Spinners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Nitin Spinners is profitable, therefore cash runway is not a concern.
- Nitin Spinners is profitable, therefore cash runway is not a concern.
- Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).
- Debt is not covered by short term assets, assets are 0.4x debt.
- Nitin Spinners's long term commitments exceed its cash and other short term assets.
- The level of debt compared to net worth has increased over the past 5 years (194.5% vs 199.9% today).
- Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
- Nitin Spinners's level of debt (199.9%) compared to net worth is high (greater than 40%).
- High level of physical assets or inventory.
management
- The average tenure for the Nitin Spinners board of directors is over 10 years, this suggests they are a seasoned and experienced board.
- Dinesh's remuneration is higher than average for companies of similar size in India.
- Dinesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
misc
- Nitin Spinners is not covered by any analysts.
- Nitin Spinners has significant price volatility in the past 3 months.
past
- Nitin Spinners's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Nitin Spinners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Nitin Spinners used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
- Nitin Spinners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- Nitin Spinners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Nitin Spinners's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
value
- Nitin Spinners is good value based on assets compared to the IN Luxury industry average.
- Nitin Spinners is good value based on earnings compared to the IN Luxury industry average.
- Nitin Spinners is good value based on earnings compared to the India market.
- BSE:532698 is up 16.2% outperforming the Luxury industry which returned 9.8% over the past month.
- BSE:532698 is up 16.2% outperforming the market in India which returned 8% over the past month.
- Nitin Spinners's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Nitin Spinners's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- 532698 underperformed the Luxury industry which returned -22.1% over the past year.
- 532698 underperformed the Market in India which returned -14.5% over the past year.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800