NITINSPIN

Nitin Spinners Share PriceNitin Spinners

₹253.2
3.7 (1.48%)
As on 02 June, 2023 | 18:40 BSE: 532698 NSE: NITINSPIN

Nitin Spinners Performance

Day Range

  • Low
  • High
253.2

52 Week Range

  • Low
  • High
253.2
  • Open Price
  • Previous Close
  • Volume

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Nitin Spinners Share Price

  • Over 1 Month -0.33%
  • Over 3 Month 21.91%
  • Over 6 Month 22.02%
  • Over 1 Year 10.45%

Nitin Spinners Key Statistics

P/E Ratio 8.6
PEG Ratio -0.2
Market Cap Cr 1,424
Price to Book Ratio 1.4
EPS 29.3
Dividend 1
Relative Strength Index 46.18
Money Flow Index 63.6
MACD Signal 4.95
Average True Range 8.87

Nitin Spinners Investment Rating

  • Master Rating:
  • Nitin Spinners has an operating revenue of Rs. 2,406.71 Cr. on a trailing 12-month basis. An annual revenue de-growth of -11% needs improvement, Pre-tax margin of 7% is okay, ROE of 16% is good. The company has a debt to equity of 55%, which is bit higher. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 13% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 54 which is a POOR score indicating inconsistency in earnings, a RS Rating of 68 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 129 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of C is fair but needs to improve. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Nitin Spinners Financials
IndicatorMar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 655537506709769
Operating Expenses Qtr Cr 584477449600602
Operating Profit Qtr Cr 716057109167
Depreciation Qtr Cr 2122222222
Interest Qtr Cr 10791114
Tax Qtr Cr 20-21147
Net Profit Qtr Cr 3932296685

Nitin Spinners Technicals

EMA & SMA

Current Price
₹253.2
3.7 (1.48%)
  • Bullish Moving Average
  • ___
  • 7
  • Bearish Moving Average
  • ___
  • 9
  • 20 Day
  • ₹259.26
  • 50 Day
  • ₹249.43
  • 100 Day
  • ₹237.06
  • 200 Day
  • ₹227.49
  • 20 Day
  • ₹260.65
  • 50 Day
  • ₹249.24
  • 100 Day
  • ₹230.53
  • 200 Day
  • ₹219.5

Nitin Spinners Resistance and Support

PIVOT
₹252.85
Resistance
First Resistance ₹257.7
Second Resistance ₹265.9
Third Resistance ₹270.75
RSI 46.18
MFI 63.6
MACD Single Line 4.95
MACD 2.48
Support
First Resistance ₹244.65
Second Resistance ₹239.8
Third Resistance ₹231.6

Nitin Spinners Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 162,182 9,943,378 61.31
Week 146,809 8,823,209 60.1
1 Month 238,452 12,998,014 54.51
6 Month 169,279 9,269,717 54.76

Nitin Spinners Result Highlights

Nitin Spinners Synopsis

NSE-Apparel-Clothing Mfg

Nitin Spinners is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company’s Total Operating Revenue is Rs. 2406.71 Cr. and Equity Capital is Rs. 56.22 Cr. for the Year ended 31/03/2023. 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 registration number is 006987.
Market Cap 1,417
Sales 2,407
Shares in Float 2.47
No of funds 27
Yield 1
Book Value 1.36
U/D Vol ratio 1
LTDebt / Equity 55
Alpha 0.01
Beta 1.09

Nitin Spinners

Owner NameMar-23Dec-22Sep-22Jun-22
Promoters 56.41%56.4%56.36%56.36%
Mutual Funds 6.3%5.37%5.57%5%
Foreign Portfolio Investors 2.4%3.8%3.81%4.26%
Individual Investors 28.37%28.21%28.78%28.82%
Others 6.52%6.22%5.48%5.56%

Nitin Spinners Management

Name Designation
Mr. R L Nolkha Chairman
Mr. Dinesh Nolkha Managing Director
Mr. Nitin Nolakha Joint Managing Director
Mr. Rohit Swadheen Mehta Independent Director
Dr. R Chattopadhyay Independent Director
Mrs. Aditi Mehta Independent Director

Nitin Spinners Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Nitin Spinners Corporate Action

Date Purpose Remarks
2023-05-06 Audited Results & Final Dividend
2023-02-02 Quarterly Results
2022-11-08 Quarterly Results
2022-08-06 Quarterly Results
2022-05-12 Audited Results & Dividend
Date Purpose Remarks
2022-02-11 INTERIM Rs.1.50 per share(15%)Interim Dividend

Nitin Spinners MF Shareholding

Name Amount(cr)
Quant Small Cap Fund Growth 4092
Bandhan Emerging Businesses Fund Regular Growth 1497

Nitin Spinners FAQs

What is Share Price of Nitin Spinners ?

Nitin Spinners share price is ₹253 As on 02 June, 2023 | 18:26

What is the Market Cap of Nitin Spinners ?

The Market Cap of Nitin Spinners is ₹1423.5 Cr As on 02 June, 2023 | 18:26

What is the P/E ratio of Nitin Spinners ?

The P/E ratio of Nitin Spinners is 8.6 As on 02 June, 2023 | 18:26

What is the PB ratio of Nitin Spinners ?

The PB ratio of Nitin Spinners is 1.4 As on 02 June, 2023 | 18:26

Q2FY23

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