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Nitin Spinners Share Price

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NSEBSE

347.30-2.45 (-0.70%)

12:00 AM,16th Apr 2024

346.301.30 (0.38%)

12:00 AM,16th Apr 2024

BSE : 532698

NSE : NITINSPIN

Sector : Industrials

ISIN Code : INE229H01012

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Last Updated: Apr 16 2024 | 12:00 AM IST

Market Cap (₹ Cr)

1952

Turnover (₹ Cr)

0.10

Volume (Shares)

29533

Face Value

10

52-WK High

394.60

52-WK High Date

06 Feb 2024

52-WK Low

227.00

52-WK Low Date

07 Aug 2023

All Time High

394.60

All Time High Date

06 Feb 2024

All Time Low

3.20

All Time Low Date

27 Mar 2009

Nitin Spinners Ltd

Nitin Spinners Ltd was incorporated on 15th October 1992 as a private limited Company with the name Nitin Spinners Pvt Ltd. On November 15 1994 the company was converted into public limited company and the name was changed to Nitin Spinners Ltd. Nitin Spinners Ltd is an ISO 9001:2008 company and a Government of India recognized Export House manufacturing 100% Cotton Yarns and Fabrics. The company engaged in the textiles business. They manufacture the range of yarn which include open end yarns multifold open end yarns ring spun combed yarns multifold ring spun yarns S and Z twist yarns dyeable cheese cones and organic cotton yarns and blends. The company offers fabrics in greige form in tubular and open width. The range includes single jersey pique structures interlock structures rib structures and three thread fleece. The company's range of products are used to manufacture products such as apparel and garments under garments terry towels woven fabrics home furnishings carpets denim industrial textiles medical textiles and socks. In the year 1993 the company set up their first unit at Hamirgarh Bhilwara (Rajasthan) for manufacturing coarse cotton yarns. They installed two open-end spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex Czechoslovakia under EPCG scheme. In November 1993 they commenced commercial production.In the year 1994 the company undertook first expansion project involving installation of one Autoconer Machine of 216 Rotors from Schlafhorst AG & Co. Germany and increased the number of Rotors to 600.During the year 1996-97 the company undertook their second expansion project involving acquisition of two Autoconer open-end spinning machines of 240 Rotors each from Schlafhorst AG & Co. Germany and thus increased their capacity to 1080 Rotors. In October 1997 the company commenced commercial production. In September 1998 the company installed two open end spinning machines of 384 Rotors from Elitex Czechoslovakia with total capital outlay of Rs190 lakh. In January 1999 the company was converted into 100% Export Oriented Unit (EOU) which was awarded by Government of India. In April 2002 the company completed their fourth expansion project which involved installation of 14112 spindles to produce combed and carded cotton yarns of 20s to 40s count. They also installed 7 knitting machines as a forward integration programme. In November 2004 the company completed their fifth expansion project of adding 13104 spindles and 6 knitting machines. In February 2005 the company undertook their sixth expansion project which involved addition of 408 Rotors and 2 knitting machines.During the year 2005-06 the company came out with initial public issue to part finance their expansion project. The shares of the company were listed with the Bombay Stock Exchange Ltd and National Stock Exchange Ltd with effect from February 2 2006.During the year 2006-07 the company implemented expansion project for installation of 50400 spindles Knitting Machines and F.O. based Power Plant of 7.66 MW. The plant became operational with effect from September 29 2006. In May 1 2007 the company commenced the commercial production for expansion of Spinning & Knitting capacity.During the year 2007-08 the company implemented expansion project of Rotor Spinning capacity by addition of 2000 Rotors and in January 31 2008 they commenced commercial production on expanded capacity.During the year 2008-09 the company commenced commercial production on the coal/ lignite based thermal power project with the installed capacity of 10.50 MW.The Company in 2014-15 expanded spinning and knitting capacity by installing 72480 spindles and 19 knitting machines costing Rs 281 Cr. and the commercial production on expanded capacity commenced effective on 09.02.2015. After implementation of this expansion project installed capacity of Company was increased to 150096 Spindles 2936 Rotors and 49 Knitting Machines.The Company installed an Integrated Textile Unit at Bhanwaria Kalan in the District of Chittaurgarh Rajasthan at an estimated project cost of Rs 675 Crores in 2017-18.In 2023 the Company has undertaken expansion projects at estimated project cost of Rs. 955 Crores at both the Plants located at Hamirgarh (Bhilwara District) and Bhanwaria Kalan (Chittorgarh District). The commercial production of Weaving & Knitting capacity was commenced w.e.f. 31.03.2023.

Nitin Spinners Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1952

EPS - TTM (₹) [S]

23.28

P/E Ratio (X) [S]

1.82

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 11 Sep 2023
Dividend Yield (%) 0.72
Book Value Share (₹) [S]191.12
P/B Ratio (₹) [S]1.82
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Small Cap Fund - (IDCW) 88.70 2730499 0.51
Quant Small Cap Fund - Direct (G) 88.70 2730499 0.51
Quant Small Cap Fund - Direct (IDCW) 88.70 2730499 0.51
Quant Small Cap Fund - (G) 88.70 2730499 0.51
Bandhan Small Cap Fund (G) 61.57 1895375 1.40
Bandhan Small Cap Fund (IDCW) 61.57 1895375 1.40
Bandhan Small Cap Fund - Direct (G) 61.57 1895375 1.40
Bandhan Small Cap Fund - Direct (IDCW) 61.57 1895375 1.40
HSBC Small Cap Fund - Direct (IDCW) 42.40 1305102 0.32
HSBC Small Cap Fund - Direct (G) 42.40 1305102 0.32

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

345.10

351.25

Week Low/High

339.90

366.00

Month Low/High

318.00

375.00

Year Low/High

227.00

395.00

All time Low/High

3.12

395.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.38%-2.57%-2.33-2.19%
1 Month5.74%5.56%0.410.57%
3 Month6.19%5.19%-0.250.52%
6 Month18.78%18.59%10.2412.24%
1 Year35.16%35.00%20.7124.23%
3 Year327.45%324.31%49.3851.51%

Company Info

Company Information

Managing Director : Dinesh Nolkha

Joint Managing Director : Nitin Nolakha

Vice President & CS : Sudhir Garg

Independent Director : R Chattopadhyay

Independent Director : Aditi mehta

Independent Director : Rohit Swadheen Mehta

Registered Office: 16-17 KM Stone, Chittor Highway Hamirgarh,Bhilwara,Rajasthan-311025 Ph: 91-1482-286110-113

Email:investorrelations@nitinspinners.com; nsl@nitinspin

URL:http://www.nitinspinners.com