Nitin Spinners

NITINSPIN29 Apr 2024

Textiles

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+9.95 (+2.81%)

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Nitin Spinners

Textiles

NITINSPIN29 Apr 2024

₹

+9.95 (+2.81%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date
06-May-2023	D	Audited Financial Results for the Quarter and Year Ended 31st March, 2023 Recommended Dividend @ 25% i.e. Rs. 2.50 per share of Rs. 10/- each for the year ended 31st March, 2023, subject to approval of Shareholders	11-Sep-2023
12-May-2022	D	The Board of Directors of the Company at its meeting held on May 12, 2022, inter alia, has recommended final Dividend @ 25% i.e. Rs. 2.50 per share of Rs. 10/- each for the year ended March 31, 2022, subject to approval of Shareholders. This is in addition to lnterim Dividend of Rs. 1.50 per share paid during the month of February, 22. Accordingly, dividend for the FY 2021-22 aggregates to Rs. 4.00 per share of Rs. 10/- each.	07-Sep-2022
03-Feb-2022	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 03, 2022, inter alia, has declared Interim Dividend @ 15% i.e. Rs. 1.50 per share on fully paid up Equity Share of Rs. 10.00 each of the Company.	10-Feb-2022
08-May-2021	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 08, 2021, inter alia, has recommended Dividend @ 15% i.e. Rs. 1.50 per share of Rs. 10/- each for the year ended March 31, 2021, subject to approval of Shareholders. Outcome of Board Meeting - Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015	08-Sep-2021
19-Jun-2020	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2020, inter alia, has recommended Dividend @ 60% i.e. Rs. 0.60 per share of Rs. 10/- each for the year ended March 31, 2020 subject to approval of Shareholders.	08-Sep-2020
25-May-2019	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2019, inter alia, has recommended Dividend @ 12.50% i.e. Rs. 1.25/- per share of Rs. 10/- each for the year ended March 31, 2019, subject to approval of Shareholders.	12-Sep-2019
10-May-2018	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2018, inter alia, has recommended Dividend @ 12% i.e. Rs. 1.20 per share of Rs. 10/- each for the year ended March 31, 2018, subject to approval of Shareholders.	12-Sep-2018
06-May-2017	D	FINANCIAL RESULT & DIVIDEND FOR THE YEAR ENDED 31.03.2017 Nitin Spinners Ltd has informed BSE that the Board of Directors at its meeting held May 06, 2017 has inter-alia approved followings: - The Board recommended dividend @12% i.e. Rs 1.20 per share, subject to approval of shareholders of the Company.	24-Aug-2017
03-May-2016	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2016, inter alia, has recommended dividend @10% Rs. 1 per share subject to approval of shareholders of the Company.	15-Sep-2016
04-May-2015	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 04, 2015, inter alia, has recommended dividend @ 10% i.e. Re. 1.00 per share for the financial year 2014-15, subject to approval of Shareholders.	15-Sep-2015
06-May-2014	D	Nitin Spinners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2014, inter alia, has recommended dividend @ 7.50% i.e. Rs. 0.75 per share for the financial year 2013-14, subject to approval of Shareholders. The recommendation has been made keeping in view the requirement of funds for deployment as internal accruals in the expansion project.	02-Sep-2014
17-Jan-2024	BC	NITIN SPINNERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/01/2024 inter alia to consider and approve Intimation For Board Meeting -Under regulat	29-Jan-2024
01-Dec-2023	BC	Notice for Extra-Ordinary General Meeting held on Wednesday 27th December 2023 Submission of Copy of Newspaper Advertisement in respect of Extra-Ordinary General Meeting and remote E-voting (As	27-Dec-2023
26-Oct-2023	BC	NITIN SPINNERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2023 inter alia to consider and approve Intimation for Board Meeting - Under regula	09-Nov-2023
09-Nov-2023	BC	Un-Audited Financial Results for the Quarter and Half Year Ended 30.09.2023	09-Nov-2023
05-Aug-2023	BC	Unaudited Financial Results for the Quarter ended 30th June, 2023 Gist of Proceedings of the 31st AGM held on 18.09.2023 (As per BSE Announcement Dated on 18/09/2023)	18-Sep-2023

Announcement Date06-May-2023

Ex Dividend Date11-Sep-2023

Dividend(%)25

Announcement Date12-May-2022

Ex Dividend Date07-Sep-2022

Dividend(%)25

Announcement Date03-Feb-2022

Ex Dividend Date10-Feb-2022

Dividend(%)15

Announcement Date08-May-2021

Ex Dividend Date08-Sep-2021

Dividend(%)15

Announcement Date19-Jun-2020

Ex Dividend Date08-Sep-2020

Dividend(%)6

Announcement Date25-May-2019

Ex Dividend Date12-Sep-2019

Dividend(%)12

Announcement Date10-May-2018

Ex Dividend Date12-Sep-2018

Dividend(%)12

Announcement Date06-May-2017

Ex Dividend Date24-Aug-2017

Dividend(%)12

Announcement Date03-May-2016

Ex Dividend Date15-Sep-2016

Dividend(%)10

Announcement Date04-May-2015

Ex Dividend Date15-Sep-2015

Dividend(%)10

Announcement Date06-May-2014

Ex Dividend Date02-Sep-2014

Dividend(%)8

No Rights has been declared by NITINSPIN

Book Closure

Record Date	Split Date	Purpose
29-Jan-2024	-	NITIN SPINNERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/01/2024 inter alia to consider and approve Intimation For Board Meeting -Under regulat
27-Dec-2023	-	Notice for Extra-Ordinary General Meeting held on Wednesday 27th December 2023 Submission of Copy of Newspaper Advertisement in respect of Extra-Ordinary General Meeting and remote E-voting (As
09-Nov-2023	-	NITIN SPINNERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2023 inter alia to consider and approve Intimation for Board Meeting - Under regula
09-Nov-2023	-	Un-Audited Financial Results for the Quarter and Half Year Ended 30.09.2023
18-Sep-2023	-	Unaudited Financial Results for the Quarter ended 30th June, 2023 Gist of Proceedings of the 31st AGM held on 18.09.2023 (As per BSE Announcement Dated on 18/09/2023)

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Nitin Spinners Ltd ₹364.45(+9.95/2.81%)	364.45	+9.95	1,993.00	43.84	15.23	1.85
Arvind Ltd ₹315.95(+1.80/0.57%)	315.95	+1.80	8,219.12	219.23	27.22	2.50
Bombay Dyeing & Manufacturing Company Ltd ₹174.60(+6.85/4.08%)	174.60	+6.85	3,464.62	86.26	0.00	-2.59
Grasim Industries Ltd ₹2,388.05(+42.65/1.82%)	2,388.05	+42.65	156,870.10	38.90	104.38	3.10
Century Enka Ltd ₹464.70(+2.40/0.52%)	464.70	+2.40	1,010.13	21.02	25.17	0.76
Garware Technical Fibres Ltd ₹3,252.00(-6.00/-0.18%)	3,252.00	-6.00	6,639.21	12.32	35.94	5.90

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	750.42	737.40	617.12	654.80	537.20	505.88
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	750.42	737.40	617.12	654.80	537.20	505.88
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	0.30	0.32	1.01	1.36	0.29	0.84
Total Income	750.72	737.72	618.13	656.16	537.49	506.72
Total Expenditure	647.69	655.41	541.02	583.83	477.07	448.85
PBIDT	103.03	82.31	77.11	72.33	60.42	57.86
Interest	25.16	15.19	15.12	10.28	7.41	8.53
PBDT	77.87	67.11	61.99	62.04	53.00	49.33
Depreciation	34.78	24.41	23.03	21.30	21.82	21.91
Tax	5.58	5.88	6.63	9.69	7.54	6.73
Deferred Tax	5.76	5.12	3.43	-7.49	-7.95	-8.42
Reported Profit After Tax	31.75	31.70	28.90	38.54	31.58	29.11
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	31.75	31.70	28.90	38.54	31.58	29.11

EPS (Unit Curr.)	5.65	5.64	5.14	6.85	5.62	5.18
EPS (Adj) (Unit Curr.)	5.65	5.64	5.14	6.85	5.62	5.18
Calculated EPS (Unit Curr.)	5.65	5.64	5.14	6.85	5.62	5.18
Calculated EPS (Adj) (Unit Curr.)	5.65	5.64	5.14	6.85	5.62	5.18
Calculated EPS (Ann.) (Unit Curr.)	22.59	22.55	20.56	27.42	22.47	20.71
Calculated EPS (Adj) (Ann.) (Unit Curr.)	22.59	22.55	20.56	27.42	22.47	20.71
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	56.22	56.22	56.22	56.22	56.22	56.22
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	13.73	11.16	12.50	11.05	11.25	11.44
PBDTM(%)	10.38	9.10	10.05	9.47	9.87	9.75
PATM(%)	4.23	4.30	4.68	5.89	5.88	5.75

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	56.22	56.22	56.22	56.22	56.22	55.55
Reserves Total	972.68	819.59	507.13	437.81	426.31	361.28
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	1028.90	875.81	563.35	494.03	482.53	416.83
Secured Loans	979.73	688.55	960.63	1039.65	860.47	449.17
Unsecured Loans	0.00	0.00	1.04	0.75	0.00	0.00
Total Debt	979.73	688.55	961.67	1040.40	860.47	449.17
Total Liabilities	2008.63	1564.36	1525.02	1534.43	1343.00	866.00
APPLICATION OF FUNDS :
Gross Block	1480.07	1394.83	1380.40	1370.73	674.57	666.50
Less : Accumulated Depreciation	468.98	382.95	320.67	231.12	151.02	96.70
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	1011.09	1011.88	1059.73	1139.61	523.55	569.80
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	340.26	0.08	1.57	0.00	468.20	4.25
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00
Current Assets, Loans & Advances	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
Sundry Debtors	222.66	240.68	165.85	152.78	120.73	88.10
Cash and Bank	0.43	0.61	0.85	0.43	3.03	0.30
Loans and Advances	80.87	106.69	81.97	71.26	69.56	52.56
Total Current Assets	796.00	754.27	603.35	489.18	421.14	346.45
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	109.03	117.58	72.92	59.20	47.83	35.16
Provisions	2.55	12.37	5.16	1.63	3.92	1.67
Total Current Liabilities	111.59	129.95	78.08	60.83	51.75	36.83
Net Current Assets	684.41	624.32	525.26	428.34	369.40	309.62
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	2.31	3.28	67.71	75.32	35.52	49.45
Deferred Tax Liability	95.03	128.40	121.22	108.60	65.43	66.23
Net Deferred Tax	-92.72	-125.12	-53.51	-33.28	-29.91	-16.78
Total Assets	1943.05	1511.16	1533.05	1534.67	1331.24	866.89
Contingent Liabilities	151.00	224.08	107.69	57.30	91.95	71.91

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	0.26	0.02	0.12	2.75	0.10
Net Cash from Operating Activities	193.76	431.43	154.87	98.19	103.73
Net Cash Used In Investing Activities	-433.40	-85.90	-11.22	-216.72	-483.40
Net Cash Used In Financing Activities	239.45	-345.29	-143.75	115.90	382.32
Net Inc./Dec In Cash And Cash Equivalents	-0.19	0.24	-0.10	-2.63	2.65
Cash And Cash Equivalents At End Of The Year	0.07	0.26	0.02	0.12	2.75

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

56.46%

FII Shareholding

0.70%

DII Shareholding

13.74%

Public Shareholding

29.11%

**Promoter pledged shareholding 56.46%

About Nitin Spinners Ltd

Nitin Spinners Ltd is in the Textiles sector, having a market capitalization of Rs. 1993 crores. It has reported a sales of Rs. 750.42 crores and a net profit of Rs. 31.75 crores for the quarter ended December 2018. The company management includes , Dinesh Nolkha,Nitin Nolakha,Sudhir Garg,R Chattopadhyay,Aditi mehta,Rohit Swadheen Mehta (Nitin Spinners Ltd) among others.

Chairman

Registered office

16-17 KM Stone,Chittor Highway Hamirgarh,Bhilwara,Rajasthan,311025

FAX :91-1482-286117

Background

Incorporation Year1992

Face Value₹10

Market Lot1

How to buy Nitin Spinners shares on nse?

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What is the Nitin Spinners share price today?

The Nitin Spinners shares price on nse is Rs.364.45 today.

What is the market cap of Nitin Spinners shares on BSE ?

The company has a market capitalization of Rs.1993.00Cr

What is the PE & PB ratio of Nitin Spinners shares ?

PE is 15.23 and PB is 1.85

What is the 52 Week High and Low of Nitin Spinners shares?

Nitin Spinners stock price high: Rs.395 Nitin Spinners stock price low: Rs.225