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Nitin Spinners Ltd

NITINSPIN | NSE

406.35

INR

-3.50

-0.85%

NITINSPIN | NSE

About Nitin Spinners Ltd

Sector

Consumer Cyclical

Industry

Textile Manufacturing

Earnings date

31/03/2024

As of date

18/10/2024

Close

406.35

Open

409.00

High

409.95

Low

395.15

Nitin Spinners Limited manufactures and sells cotton and blended yarns and knitted and woven fabrics in India. The company offers ring spun carded ring spun compact ring spun combed compact ring spun blended ring spun fancy slub compact fancy slub core spun compact core spun S and Z twist organic cotton BCI/TBC certified Supima and Giza certified contamination free zero and eli twist and open end yarns; poly /cotton blended open end yarns; combed compact and carded multi-fold ring spun yarns; and yarns made out of recycled fibers 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 Lycra blended pique structured interlock structured rib structured and 3 T fleece fabrics used in inner comfort sports baby and winter wears. In addition the company offers finished and printed woven fabrics used in fashion and image wears uniforms health care apparels hotel apparels industrial and protective apparels and defense apparels. It also exports its products to approximately 50 countries. The company was incorporated in 1992 and is headquartered in Bhilwara India.

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NITINSPIN | NSE

Risk
27.3
Sharpe
0.97
Luna's Score
55/100
Recommendation
Hold

Luna says (NITINSPIN | NSE)

What's Working

Positive Momentum

Low Market Beta (-0.4 to 0.8)

Value Stock (Price to Book < 3)

Strong Revenue Growth (> 10%)

What's not Working

Microcap (<300M USD)

High Debt to Equity (> 0.75)

High Debt to Asset (> 0.45)

Volatility Signals

Bearish: Increased Volatility (6-month > 1-month volatility)

Risk Meter

10 days

34.3%

1 month

27.3%

3 months

43.7%

6 months

39.3%

Returns

Fundamental Ratios

PE

15.80

Fwd. PE

-

Price to book

1.99

Debt to equity

1.17

Debt to assets

0.49

Ent. to EBITDA

9.69

Ent. to rev.

1.26

PEG

-

Other Fundamentals

EBITDA

4.14B

MarketCap

22.84B

MarketCap(USD)

275.24M

Div. yield

0.62

Op. margin

10.22

Erngs. growth

45.70

Rev. growth

30.10

Ret. on equity

12.09

Short ratio

-

Short perc.

-

Market Sentiment (SMA and Price signals)

Short-term: Bullish (SMA10D > SMA1M)

Intermediate-term: Bearish (SMA1M < SMA3M)

Long-term: Bullish (SMA6M > SMA12M)

SMAs: Stock Price Trends

Range10D

66.35

Range1M

66.35

Range3M

122.75

Volumes: Market Activity

Rel. volume

0.58

Price X volume

23.28M

Peers

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Dolat Algotech LimitedDOLATALGOCapital Markets140.8824.86B0.01%11.5410.62%
Hindware Home Innovation LimitedHINDWAREAPFurnishings Fixtures & Appliances334.324.09B-2.58%86.44175.00%
Lumax Industries LimitedLUMAXINDAuto Parts2555.1523.90B-1.32%19.57107.60%
Federal-Mogul Goetze (India) LimitedFMGOETZEAuto Parts420.1523.37B-0.44%17.650.71%
CARYSIL LIMITEDCARYSILFurnishings Fixtures & Appliances784.422.29B-0.62%33.8588.20%
Igarashi Motors India LimitedIGARASHIAuto Parts706.8522.25B-1.10%136.9930.89%
PNB Gilts LtdPNBGILTSCapital Markets117.9221.23B0.42%32.661684.75%
Wonder Electricals LimitedWELFurnishings Fixtures & Appliances1529.820.50B183.21
Ndr Auto Components LimitedNDRAUTOAuto Parts835.6519.95B4.93%44.1212.29%
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  • 1

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BLS E-Services LimitedBLSEIN214.9420.22B-0.07%54.861.70%
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Borosil ScientificBOROSCIIN183.1516.88B-0.96%69.57
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Maan Aluminium LimitedMAANALUAluminum243.313.16B50.4819.99%
Credo Brands Marketing LMUFTIIN189.6212.54B0.96%21.6574.10%
R K Swamy LimitedRKSWAMYIN248.8912.36B-1.42%29.438.48%
Gala Precision EngineeringGALAPRECIN938.111.26B2.00%44.61
MMP Industries LimitedMMPAluminum384.059.73B3.91%26.8432.26%
  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA9.6925.23Cheaper
Ent. to Revenue1.2610.83Cheaper
PE Ratio15.8029.68Cheaper
Price to Book1.992.88Cheaper
Dividend Yield0.620.85Poor
Std. Deviation (3M)43.6951.12Par
Debt to Equity1.170.49Expensive
Debt to Assets0.490.37Expensive
Market Cap22.84B24.39BPar
  • 1

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