Nitin Spinners Limited Share Price and Company Fundamentals



Price
₹205
Change
-0.100 (-0.049%)
52 week
143.0 - 345.0

Last traded: Yesterday at 9:59 AM

Nitin Spinners Limited manufactures and sells cotton yarns and knitted fabrics in India. The company offers open end, multifold open end, ring spun combed, multifold ring spun, compact ring spun combed, multi-fold compact ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, contamination free, zero and eli twist, and certified yarns, as well as dye able cheese/cones used in woven and knitted apparel, furnishing fabrics, denims, terry towel, medical fabrics, tea bags, and bed linen. It also provides single jersey, pique structured, interlock structured, rib structured, lycra blended, open width, and three thread fleece fabrics used in inner, sports, comfort, winter, and baby wears, as well as masks. In addition, the company offers finished and printed woven fabrics used in fashion and image, industrial and protective, and defense wears, as well as uniforms and health care and hotel apparels. It also exports its products in Europe, North America, South America, Africa, and Asia. The company was incorporated in 1992 and is headquartered in Bhilwara, India.

Key Metrics

PE ratio

3.52

PB ratio

1.31

Dividend yield

1.95%

Beta

0.85

Market cap

-

Enterprise value

-

Company profile

Industry / SectorTextile Manufacturing / Consumer Cyclical
Websitehttps://www.nitinspinners.com
Mailing address16-17 Km. Stone Chittor Road Hamirgarh Bhilwara 311025 India
Phone / Fax91 14 8228 6110 / 91 14 8228 6117

Dividends

Dividend yield

1.95%

Dividend amount

₹4.00

Payout ratio

5.17%

5Y Avg. yield

1.51%

Nitin Spinners Limited paid ₹4.00 dividend and the ex-dividend date was 10 Feb 2022.The dividend payout ratio is 5.17%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.NITINSPIN dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

NITINSPIN's forward dividend amount is ₹3 and the forward dividend yield is 1.46%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on Nitin Spinners Limited.

NameTitleAgeTotal Pay
Mr. Ratan Lal NolkhaExec. Chairman7513.33M
Mr. Dinesh NolkhaMD & Exec. Director5112.53M
Mr. Nitin NolakhaJoint MD & Exec. Director4511.85M
Mr. Purushottam MaheshwariSr. VP of Fin. & CFO59
Mr. Sudhir GargCompany Sec., GM of Legal & Compliance Officer55
Mr. Umesh ToshniwalVP of Marketing49
Mr. Sandeep GargPres of Operations50
Mr. K. L. PareekVP of HR71

Profitability and management effectiveness

Profit margin

12.11%

Operating margin

20.96%

Return on assets

20.15%

Return on equity

45.32%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Nitin Spinners Limited is and its enterprise value is .

The NITINSPIN's stocks Beta value is 0.85 making it 15% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Nitin Spinners Limited (NSE:NITINSPIN) Frequently Asked Questions

1. What is Nitin Spinners Limited's Stock Symbol?

Nitin Spinners Limited trades on NSE under the ticker symbol "NITINSPIN".

2. What is Nitin Spinners Limited's stock price today?

One share of NITINSPIN stock can currently be purchased for approximately ₹205.

3. How can I contact Nitin Spinners Limited?

Nitin Spinners Limited's mailing address is 16-17 Km. Stone Chittor Road Hamirgarh Bhilwara 311025 India. The company can be reached via phone at 91 14 8228 6110.

4. What is Nitin Spinners Limited's official website?

The official website of Nitin Spinners Limited is https://www.nitinspinners.com.