Nitin Spinners

NSE: NITINSPIN · Other Textile Products

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52W Range₹302 – ₹697

Snapshot

Unlock Nitin Spinners's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nitin Spinners Limited is a manufacturer of cotton and blended yarns, as well as knitted and woven fabrics. The company serves a diverse range of applications including apparel, home furnishings, and industrial textiles, exporting its products to approximately 50 countries.

Business Model

The company generates revenue through the production and sale of a wide portfolio of specialised yarns and fabrics, catering to both domestic and international markets. It leverages advanced manufacturing processes to produce high-quality textiles for sectors ranging from fashion to medical and protective apparel.

  • Incorporation Year:1992
  • Export Reach:50 countries

Growth Outlook

Growth is driven by the company's extensive product diversification, including recycled fibres and certified organic cotton, which aligns with global demand for sustainable textiles. Continued expansion into specialised fabric segments for industrial and protective wear supports long-term market positioning.

Key Risks

  • Raw Material Price Volatility. Fluctuations in cotton prices significantly impact the company's operating margins and cost of production.
  • Geopolitical and Export Risk. As a significant exporter, the company is vulnerable to changes in international trade policies, tariffs, and global economic slowdowns.
  • Foreign Exchange Risk. Exposure to currency fluctuations can affect the profitability of export-oriented sales.
  • Cyclicality of Textile Industry. The textile sector is highly sensitive to global consumer demand cycles and competitive pricing pressures from other low-cost manufacturing hubs.

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Key Metrics

REVENUE

₹3,521 Cr

TTM · standalone

+8.9%YoY

NET PROFIT

₹266 Cr

TTM · standalone

+59.2%YoY

EPS

₹47.26

TTM · standalone

+59.2%YoY

RETURN ON EQUITY

17.8%

TTM · standalone

+5.6 ppYoY

RETURN ON CAPITAL EMPLOYED

17.2%

TTM · standalone

+2.3 ppYoY

P/E

14.1×

Q2 FY27 · standalone

14.1 vs 20.8x5Y avg

EV/EBITDA

9.5x

Q2 FY27 · standalone

9.5 vs 11.2x5Y avg

EBITDA MARGIN

16.5%

TTM · standalone

+2.5 ppYoY

NET PROFIT MARGIN

9.0%

Q2 FY27 · standalone

+4.4 ppYoY

DEBT TO EQUITY

1.1x

Q2 FY27 · standalone

+0.43xYoY

Peers · Other Textile Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nitin SpinnersNITINSPIN
₹3,735 Cr14.1×9.518.9%16.5%17.8%17.2%+99.9%
Sanathan Textiles Ltd.SANATHAN
₹4,373 Cr72.1×17.0248.5%7.8%3.3%7.4%+7.9%
Alok Industries Ltd.ALOKINDS
₹4,052 Cr-5.3×236.226.0%3.2%3.5%-3.7%-53.2%
Filatex IndiaFILATEX
₹4,042 Cr21.2×11.140.2%8.8%13.5%17.3%+43.5%
Jindal WorldwideJINDWORLD
₹3,723 Cr44.2×28.46-1.7%6.5%10.3%14.3%+1.9%
Sangam IndiaSANGAMIND
₹3,093 Cr25.5×11.6511.9%11.2%11.7%15.2%+36.6%

As of Q2 FY27

Financials