NITINSPIN

Nitin Spinners Share PriceNitin Spinners

₹222.9
0.9 (0.41%)
As on 29 March, 2023 | 16:09 BSE: 532698 NSE: NITINSPIN

Nitin Spinners Performance

Day Range

  • Low
  • High

52 Week Range

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

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Nitin Spinners Share Price

  • Over 1 Month 7.79%
  • Over 3 Month 8.78%
  • Over 6 Month 5.89%
  • Over 1 Year -10.61%

Nitin Spinners Key Statistics

P/E Ratio 5.9
PEG Ratio -0.2
Market Cap Cr 1,253
Price to Book Ratio 1.4
EPS 58.5
Dividend 1.1
Relative Strength Index 57.5
Money Flow Index 69.26
MACD Signal 2.59
Average True Range 7.63

Nitin Spinners Investment Rating

  • Master Rating:
  • Nitin Spinners has an operating revenue of Rs. 2,520.98 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 19% is great, ROE of 37% is exceptional. The company has a reasonable debt to equity of 46%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 6% 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 50 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 A which is evident from recent demand for the stock, Group Rank of 120 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
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 537506709769
Operating Expenses Qtr Cr 477449600602
Operating Profit Qtr Cr 6057109167
Depreciation Qtr Cr 22222222
Interest Qtr Cr 791114
Tax Qtr Cr 0-21147
Net Profit Qtr Cr 32296685

Nitin Spinners Technicals

EMA & SMA

Current Price
₹222.9
0.9 (0.41%)
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 216.56
  • 50 Day
  • 212.87
  • 100 Day
  • 211.22
  • 200 Day
  • 212.59
  • 20 Day
  • 216.82
  • 50 Day
  • 211.97
  • 100 Day
  • 207
  • 200 Day
  • 208.94

Nitin Spinners Resistance and Support

PIVOT
₹220.49
Resistance
First Resistance 225.12
Second Resistance 228.24
Third Resistance 232.87
RSI 57.5
MFI 69.27
MACD Single Line 2.59
MACD 2.42
Support
First Resistance 217.37
Second Resistance 212.74
Third Resistance 209.62

Nitin Spinners Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 9,428 554,555 58.82
Week 99,583 5,206,199 52.28
1 Month 138,531 8,066,652 58.23
6 Month 130,042 7,437,130 57.19

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. 2692.32 Cr. and Equity Capital is Rs. 56.22 Cr. for the Year ended 31/03/2022. 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 1,248
Sales 2,521
Shares in Float 2.47
No of funds 32
Yield 1.8
Book Value 1.43
U/D Vol ratio 1.2
LTDebt / Equity 46
Alpha 0.01
Beta 1.09

Nitin Spinners

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 56.4%56.36%56.36%
Mutual Funds 5.37%5.57%5%
Foreign Portfolio Investors 3.8%3.81%4.26%
Individual Investors 28.21%28.78%28.82%
Others 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 MF Shareholding

Name Amount(cr)
HSBC Small Cap Fund Fund Regular Growth 8672
Quant Small Cap Fund Growth 3302
Bandhan Emerging Businesses Fund Regular Growth 1423

Nitin Spinners FAQs

What is Share Price of Nitin Spinners ?

Nitin Spinners share price is ₹222 As on 29 March, 2023 | 15:55

What is the Market Cap of Nitin Spinners ?

The Market Cap of Nitin Spinners is ₹1253.1 Cr As on 29 March, 2023 | 15:55

What is the P/E ratio of Nitin Spinners ?

The P/E ratio of Nitin Spinners is 5.9 As on 29 March, 2023 | 15:55

What is the PB ratio of Nitin Spinners ?

The PB ratio of Nitin Spinners is 1.4 As on 29 March, 2023 | 15:55

Q2FY23

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