Nitin Spinners Share Price
Start SIP in Nitin Spinners
Start SIPNitin Spinners Performance
Day Range
- Low 414
- High 427
52 Week Range
- Low 261
- High 474
- Open Price421
- Previous Close423
- Volume94794
Nitin Spinners Investment Rating
-
Master Rating:
-
Nitin Spinners has an operating revenue of Rs. 3,091.50 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 6% is okay, ROE of 11% is good. The company has a debt to equity of 71%, which is bit higher. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 7% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 86 which is a GOOD score indicating consistency in earnings, a RS Rating of 56 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 93 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of B is close to being the best. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
EPS Strength
Price Strength
Buyer Demand
Group Rank
| Indicator | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 803 | 801 | 750 | 737 | 617 | 655 |
| Operating Expenses Qtr Cr | 684 | 684 | 648 | 655 | 541 | 584 |
| Operating Profit Qtr Cr | 119 | 116 | 103 | 82 | 76 | 71 |
| Depreciation Qtr Cr | 37 | 36 | 35 | 24 | 23 | 21 |
| Interest Qtr Cr | 27 | 28 | 25 | 15 | 15 | 10 |
| Tax Qtr Cr | 15 | 14 | 11 | 11 | 10 | 2 |
| Net Profit Qtr Cr | 42 | 39 | 32 | 32 | 29 | 39 |
Nitin Spinners Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 7
- Bearish Moving Average
- ___
- 9
- 20 Day
- ₹423.70
- 50 Day
- ₹408.83
- 100 Day
- ₹387.68
- 200 Day
- ₹360.20
- 20 Day
- ₹426.51
- 50 Day
- ₹409.11
- 100 Day
- ₹376.91
- 200 Day
- ₹361.01
Nitin Spinners Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 425.52 |
| Second Resistance | 432.98 |
| Third Resistance | 438.87 |
| RSI | 48.52 |
| MFI | 51.88 |
| MACD Single Line | 5.24 |
| MACD | 2.38 |
| Support | |
|---|---|
| First Support | 412.17 |
| Second Support | 406.28 |
| Third Supoort | 398.82 |
Nitin Spinners Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 107,485 | 4,647,651 | 43.24 |
| Week | 165,513 | 7,454,688 | 45.04 |
| 1 Month | 185,494 | 8,128,326 | 43.82 |
| 6 Month | 230,687 | 10,071,776 | 43.66 |
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. 2905.65 Cr. and Equity Capital is Rs. 56.22 Cr. for the Year ended 31/03/2024. 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 | 2,350 |
| Sales | 3,092 |
| Shares in Float | 2.47 |
| No of funds | 25 |
| Yield | 0.6 |
| Book Value | 2.05 |
| U/D Vol ratio | 2.4 |
| LTDebt / Equity | 71 |
| Alpha | 0.01 |
| Beta | 1.14 |
Nitin Spinners Shareholding Pattern
| Owner Name | Jun-24 | Mar-24 | Dec-23 | Sep-23 |
|---|---|---|---|---|
| Promoters | 56.47% | 56.46% | 56.41% | 56.41% |
| Mutual Funds | 14.99% | 13.74% | 13.32% | 11.24% |
| Foreign Portfolio Investors | 0.61% | 0.7% | 1.09% | 1.32% |
| Individual Investors | 22.43% | 23.72% | 24.01% | 25.43% |
| Others | 5.5% | 5.38% | 5.17% | 5.6% |
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
Nitin Spinners Corporate Action
Nitin Spinners FAQs
What is Share Price of Nitin Spinners ?
Nitin Spinners share price is ₹418 As on 08 September, 2024 | 16:17
What is the Market Cap of Nitin Spinners ?
The Market Cap of Nitin Spinners is ₹2350.3 Cr As on 08 September, 2024 | 16:17
What is the P/E ratio of Nitin Spinners ?
The P/E ratio of Nitin Spinners is 16.2 As on 08 September, 2024 | 16:17
What is the PB ratio of Nitin Spinners ?
The PB ratio of Nitin Spinners is 2.1 As on 08 September, 2024 | 16:17