NITINSPIN

Nitin Spinners Limited

Cotton textile manufacturer with yarn spinning and woven fabric business

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

nitinspinners.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹653.85
Market cap
3,675 Cr
Stock P/E
17.4
P/B
2.50
Dividend yield
0.5%
ROE (FY26)
12.1%
ROCE (FY26)
11.9%
Operating margin (FY26)
9.5%
Debt / equity (FY26)
0.76
OCF / EBITDA (FY26)
90.7%
OCF / EBITDA (3Y)
67.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nitin Spinners makes cotton yarn and woven fabric in Rajasthan and sells them to customers in India and in more than 55 countries across six continents.

Company snapshot

12thBy market cap

Ranked among 100 companies in Other Textile Products.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales737 Cr750 Cr801 Cr803 Cr823 Cr839 Cr841 Cr793 Cr760 Cr801 Cr860 Cr875 Cr
Operating expenses (approx.)655 Cr648 Cr684 Cr684 Cr707 Cr722 Cr721 Cr682 Cr661 Cr689 Cr729 Cr719 Cr
EBITDA82 Cr103 Cr116 Cr119 Cr115 Cr117 Cr120 Cr111 Cr100 Cr112 Cr130 Cr156 Cr
OPM %11.1%13.7%14.5%14.8%14.0%14.0%14.3%14.0%13.1%13.9%15.2%17.8%
Other income0.32 Cr0.30 Cr0.62 Cr1 Cr0.67 Cr0.64 Cr0.84 Cr2 Cr0.64 Cr1 Cr2 Cr2 Cr
Interest15 Cr25 Cr28 Cr27 Cr22 Cr21 Cr21 Cr21 Cr16 Cr17 Cr17 Cr19 Cr
Depreciation24 Cr35 Cr36 Cr37 Cr37 Cr37 Cr37 Cr37 Cr37 Cr37 Cr37 Cr38 Cr
Profit before tax43 Cr43 Cr53 Cr57 Cr57 Cr60 Cr63 Cr55 Cr47 Cr58 Cr78 Cr101 Cr
Tax %25.8%26.3%25.8%26.0%26.0%25.2%26.6%25.7%25.8%23.9%26.8%25.5%
Net profit32 Cr32 Cr39 Cr42 Cr42 Cr45 Cr46 Cr41 Cr35 Cr44 Cr57 Cr75 Cr
EPS (₹)₹5.64₹5.65₹6.97₹7.49₹7.50₹7.96₹8.25₹7.29₹6.19₹7.90₹10.20₹13.39

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales933 Cr1,145 Cr1,243 Cr1,438 Cr1,624 Cr2,692 Cr2,407 Cr2,906 Cr3,306 Cr3,214 CrSign in free for the trailing twelve months
Operating expenses (approx.)800 Cr990 Cr1,064 Cr1,268 Cr1,367 Cr2,041 Cr2,110 Cr2,529 Cr2,834 Cr2,761 CrSign in free for the trailing twelve months
EBITDA133 Cr155 Cr178 Cr170 Cr257 Cr652 Cr297 Cr377 Cr471 Cr453 CrSign in free for the trailing twelve months
OPM %14.3%13.5%14.3%11.8%15.8%24.2%12.3%13.0%14.3%14.1%Sign in free for the trailing twelve months
Other income0.79 Cr2 Cr3 Cr2 Cr2 Cr2 Cr3 Cr2 Cr4 Cr5 CrSign in free for the trailing twelve months
Interest22 Cr30 Cr29 Cr56 Cr62 Cr55 Cr38 Cr83 Cr90 Cr71 CrSign in free for the trailing twelve months
Depreciation42 Cr56 Cr55 Cr81 Cr91 Cr87 Cr87 Cr118 Cr148 Cr148 CrSign in free for the trailing twelve months
Profit before tax70 Cr71 Cr97 Cr36 Cr107 Cr506 Cr176 Cr178 Cr237 Cr239 CrSign in free for the trailing twelve months
Tax %18.4%26.7%34.1%33.2%35.3%35.6%6.3%25.9%26.0%25.6%Sign in free for the trailing twelve months
Net profit57 Cr52 Cr64 Cr24 Cr69 Cr326 Cr165 Cr132 Cr175 Cr178 CrSign in free for the trailing twelve months
EPS (₹)₹12.51₹10.56₹11.43₹4.24₹12.25₹58.01₹29.32₹23.39₹31.20₹31.58Sign in free for the trailing twelve months
Dividend payout %————4.9%5.2%22.9%10.7%8.0%9.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital46 Cr56 Cr56 Cr56 Cr56 Cr56 Cr56 Cr56 Cr56 Cr56 Cr
Reserves218 Cr361 Cr426 Cr438 Cr507 Cr820 Cr973 Cr1,090 Cr1,255 Cr1,415 Cr
Borrowings502 Cr398 Cr804 Cr963 Cr847 Cr689 Cr980 Cr1,339 Cr1,165 Cr1,124 Cr
Other liabilities119 Cr114 Cr150 Cr188 Cr266 Cr260 Cr209 Cr231 Cr256 Cr319 Cr
Total liabilities885 Cr929 Cr1,436 Cr1,645 Cr1,676 Cr1,824 Cr2,218 Cr2,717 Cr2,732 Cr2,915 Cr
Fixed assets (net)613 Cr569 Cr523 Cr1,138 Cr1,059 Cr1,011 Cr1,010 Cr1,708 Cr1,577 Cr1,489 Cr
CWIP—4 Cr468 Cr0 Cr2 Cr0.08 Cr340 Cr2 Cr7 Cr102 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr17 Cr
Loans & advances——3 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories170 Cr205 Cr228 Cr265 Cr355 Cr406 Cr492 Cr564 Cr607 Cr608 Cr
Trade receivables48 Cr88 Cr121 Cr153 Cr166 Cr241 Cr223 Cr321 Cr430 Cr432 Cr
Cash & bank1 Cr0.10 Cr3 Cr0.12 Cr0.02 Cr0.26 Cr0.07 Cr0.07 Cr7 Cr3 Cr
Other assets53 Cr61 Cr91 Cr90 Cr96 Cr166 Cr153 Cr121 Cr105 Cr263 Cr
Total assets885 Cr929 Cr1,436 Cr1,645 Cr1,676 Cr1,824 Cr2,218 Cr2,717 Cr2,732 Cr2,915 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity54 Cr66 Cr104 Cr98 Cr155 Cr431 Cr194 Cr163 Cr307 Cr411 Cr
Cash from investing-241 Cr-20 Cr-483 Cr-217 Cr-11 Cr-86 Cr-433 Cr-426 Cr-22 Cr-287 Cr
Cash from financing188 Cr-47 Cr382 Cr116 Cr-144 Cr-345 Cr239 Cr262 Cr-279 Cr-128 Cr
Net cash flow0.65 Cr-1 Cr3 Cr-3 Cr-0.10 Cr0.24 Cr-0.19 Cr-0.0035 Cr7 Cr-4 Cr
Free cash flow (OCF − Capex)-188 Cr46 Cr-380 Cr-119 Cr143 Cr381 Cr107 Cr-653 Cr291 Cr350 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.1%12.4%9.8%6.3%11.9%35.9%10.6%10.5%13.2%11.9%
ROE %21.7%12.6%13.3%4.8%12.2%37.2%16.0%11.5%13.4%12.1%
Debtor days19283539373334404749
Inventory days10110510510513394109109106111
Days payable11131617211912141619
Cash conversion cycle109120124128149108131135138141
OCF / EBITDA %40.1%42.8%58.3%57.8%60.2%66.2%65.2%43.4%65.2%90.7%
OCF / EBITDA % (3 years)——47.9%53.3%59.0%63.5%64.7%59.5%58.0%67.7%
Debt / equity1.900.951.671.951.500.790.951.170.890.76
Current ratio1.271.971.431.151.271.831.501.541.711.53
Net debt / EBITDA3.752.574.505.673.291.063.303.552.462.48