nse: nitinspin – Nitin Spinners Limited is engaged in the manufacturing of cotton yarn and knitted fabrics. Its products include apparel and textiles, underwear, terry towels, textiles, home furnishings, carpets, denim, industrial fabrics, medical clothing, and hosiery. It operates in geographies in India and outside India. The company was founded on 15 October 1992 by Dinesh Nolakha and is based in Bhilwara, India.
Nitin Spin manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The key revenue driver of the yarn product includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three-thread fleece. The company carries out sales within India and exports to other countries.
Nitin Spinner Share Price
Nitin Spins’ share price, according to NSE is 248.00 INR
Nitin Spin Revenue
Nitin Spinners has an operating income of Rs. 2,520.98 crores. Based on the last 12 months. Annual revenue growth of 66% is outstanding, a pre-tax margin of 19% is great, and ROE of 37% is exceptional. The company’s debt-to-equity ratio is 46%, indicating a healthy balance sheet. From a technical point of view, the stock is positioned comfortably above its major moving averages, around 11% to 17% from 50DMA and 200DMA. From an O’Neill method perspective, the stock has an EPS rank of 50 which is a poor score indicating earnings inconsistency, an RS rating of 73 which is indicative of recent price performance, buyer demand for a recent clear from the demand. The stock’s group rank of 115 indicates it is in a poor apparel-garment mfg industry group, and its master score of C is fair but needs improvement. Overall, the stock has mediocre technical strength and poor fundamentals, better supplies in the current market environment.
NSE-Apparel-Clothing Mfg – nithin spinners share price
Nitin Spinners is involved in the business activities of preparing and spinning cotton fiber, including blended cotton. Company’s Total Operating Revenue is Rs. 2692.32 Cr. and Equity Capital is Rs. 56.22 Cr. for the Year ended 31/03/2022. Nitin Spinners Ltd. is a Public Limited Listed company incorporated on 15/10/1992 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L17111RJ1992PLC006987, and its registration number is 006987.
Nitinspin Share Price – nitin spinners share price
Nitin Spin Share Price – Today’s live share price for NITIN SPINNERS LTD. is NSE: -, BSE: – with a current market capitalization of Rs 1,395 Cr.
Nitin Spinners Limited is an ISO 9001:2008 certified company and a Government of India-recognized Export House, manufacturing 100% Cotton Yarn and Fabric. The company is engaged in the textile industry. They produce different types of yarn, which include Open End Spun, Multiple Open End Spun, Ring Spun Worsted Spun, Ring Spun Multifold Spun, S and Z Twist Spun, Dyable Cheese Cone, and Organic Cotton Spun & Blends.
The company offers unbleached fabrics, tubular and wide. The range includes single jersey, pick structures, interlock structures, rib structures, and three-thread pile. The company’s product range is used to manufacture apparel and textiles, underwear, terry towels, textiles, home furnishings, carpets, denim, industrial fabrics, medical fabrics, and hosiery.
Strengths Of Nitin
The company has registered a healthy earnings growth of 71.99% in the last 3 years.
The company has shown a healthy revenue growth of 29.40% in the last 3 years.
The company has maintained a healthy ROE of 21.08% over the last 3 years.
The company has a healthy interest coverage ratio of 10.15.
Company’s PEG ratio is 0.02.
Is Nitin Spinners a striking stock to invest in?
Nse: Nitinspin – Investing in shares requires careful analysis of financial data to ascertain the accurate equity of the company. It is usually done by reviewing the company’s profit and loss account, balance sheet, and cash flow statement, which can be time-consuming and cumbersome. An easy way to find out about a company’s performance is to look at its financial indicators, which can help make sense of the vast amount of information in its financial statements.
Brief about Nitin Spinners
Nitin Spinners Ltd was incorporated as a private limited company on October 15, 1992, under the Companies Act 1956 in Rajasthan, having the name ‘Nitin Spinners Private Limited’. Consequently, the company was converted into a public limited company on November 15, 1994, named Nitin Spinners Limited. The company was promoted by R. L. Nolkha, Dinesh Nolkha, and Nitin Nolakha.
Starting with one open-end facility, the company has grown into one of India’s largest producers of 100% cotton yarn and fabrics. It possesses one of the best pools of skilled workforce in the textile Industry.
Nitin has an installed capacity of 27216 spindles, 1872 rotors, and 15 knitting machines. Nitin is situated on N.H.No.79, Hamirgarh, 16 KM away from Bhilwara, the textile city of Rajasthan in India. Its products are meant for the apparel & garment industry, terry towels, knitted fabrics, denim, woven fabrics, furnishings, carpets, industrial fabrics, medical fabric, etc. The company has tied up for long-term yarn supplies with denim, terry towel, knitting, and other Industrial fabrics manufacturers in India & abroad.
Its diverse competencies enable it to address the most challenging business realities effectively. This rich people’s capital has manifested in its unmatched reputation, broad product variety, export exposure, and above-the-market realizations.
The company has been an trendsetter in the textile field and conducted its business to grow into a notable organization. Today, despite highly fierce and competitive textile markets, Nitin Spinners Ltd. is still poised to serve local and international needs with a pledge to provide great satisfaction to its customers. To finalize this vertical plan, there are plans underway to enter the apparel sector to complete the production chain from yarn to ready-to-wear garments.
Today, with a combined installed capacity of around 80,000 spindles and 4,000 rotors, producing 25,000 tonnes of yarn and thread annually, the company has carved a niche on the textile map of the country.
Its Fabric Unit has also shown an upward growth trend since its inception. Today, with the production & supply of 4000 tons of fabric per annum, its top-quality material is already making its presence felt in the global textile industry.
The company exports cotton yarns and knitted fabrics to countries like Australia, Bahrain, China, Colombia, Egypt, Israel, Italy, Korea, Mauritius, Russia, Poland, the U.K., the U.S.A., and others. It supplies customers in fields like the apparel and garment industry, industrial fabrics, furnishing fabrics, towels, types of denim, etc. At present, its exports are restricted to only 18-20 countries, which leaves more scope for the company to develop new markets and increase its presence accordingly. Further, with the phasing out of quota restrictions, the company expects to achieve a high growth rate in the global markets in the coming years.
The product range of the company nitin spinners includes:
- Open End yarns from Ne 5/1 to Ne 30/1 ( Nm 8/1 to Nm 50/1 )
- Multifold Open End Yarns
- Ring Spun Combed Yarns from Ne 20/1 to Ne 50/1 ( Nm 34/1 to Nm 85/1)
- Multifold Ring Spun Yarns
- ”S” & ”Z” Twist Yarns
- Dyeable cheese cones – Soft package
- 100% Organic Cotton Yarns and Blends
- Knitted Fabrics
- Single Jersey
- Pique structures
- Interlock structures
- Rib structures
- Three Thread Fleece
- Woven Fabrics
Nitin Spinners Share
The share price of Nitin Spinners Ltd stocks is ₹247.65 as on 25/04/2023
Nitin spinner share – Spinner price
The share price of NITIN SPINNERS LTD
NITIN SPINNERS LTD. (NITINSPIN) share price as of April 20, 2023, on NSE is Rs 254.75 (NSE) and Rs 254.85 (BSE) on BSE.
Can I buy NITIN SPINNERS LTD. (NITINSPIN) shares?
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