Nitin Spinners
Nitin Spinners Performance
Day Range
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- High
52 Week Range
- Low
- High
- Open Price
- Previous Close
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Start SIP in Nitin Spinners
Start SIPNitin 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
| Indicator | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 655 | 537 | 506 | 709 | 769 |
| Operating Expenses Qtr Cr | 584 | 477 | 449 | 600 | 602 |
| Operating Profit Qtr Cr | 71 | 60 | 57 | 109 | 167 |
| Depreciation Qtr Cr | 21 | 22 | 22 | 22 | 22 |
| Interest Qtr Cr | 10 | 7 | 9 | 11 | 14 |
| Tax Qtr Cr | 2 | 0 | -2 | 11 | 47 |
| Net Profit Qtr Cr | 39 | 32 | 29 | 66 | 85 |
Nitin Spinners Technicals
EMA & SMA
- 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
| 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 Name | Mar-23 | Dec-22 | Sep-22 | Jun-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
Nitin Spinners Corporate Action
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