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Nitin Spinners Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹466.19Fairly Valued by 5.05%vs CMP ₹491.00

P/E (16.6) × ROE (14.3%) × BV (₹244.00) × DY (0.61%)

₹312.43Overvalued by 36.37%vs CMP ₹491.00
MoS: -57.2% (Negative)Confidence: 61/100 (Moderate)Models: 1 Under, 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹407.5821%Over (-17%)
Graham NumberEarnings₹403.3215%Over (-17.9%)
Earnings PowerEarnings₹76.0110%Over (-84.5%)
DCFCash Flow₹129.9713%Over (-73.5%)
Net Asset ValueAssets₹243.107%Over (-50.5%)
EV/EBITDAEnterprise₹716.888%Under (+46%)
Dividend DiscountDividends₹15.308%Over (-96.9%)
Earnings YieldEarnings₹296.307%Over (-39.7%)
ROCE CapitalReturns₹473.187%Fair (-3.6%)
Revenue MultipleRevenue₹293.005%Over (-40.3%)
Consensus (10 models)₹312.43100%Overvalued
Key Drivers: Wide model spread (₹15–₹717) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.6%

*Investments are subject to market risks

Analyst Summary

Nitin Spinners Ltd operates in the Textiles - Spinning - Cotton Blended segment, current market price is ₹491.00, market cap is 2,765 Cr.. At a glance, stock P/E is 16.6, ROE is 14.3 %, ROCE is 13.2 %, book value is 244, dividend yield is 0.61 %. The latest intrinsic value estimate is ₹312.43, around 36.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹3,300 Cr versus the prior period change of 13.7%, while latest net profit is about ₹175 Cr with a prior-period change of 32.6%. The 52-week range shown on this page is 511/300, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisNitin 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 L171…

This summary is generated from the stock page data available for Nitin Spinners Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Nitin Spinners Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 13.2% GoodROE 14.3% GoodD/E 1.50 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.08% MF sellingPromoter holding at 56.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (18% → 14%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -2% YoY FlatProfit (4Q): -1% YoY Declining
Industry Rank85/100 · Strong
P/E 16.6 vs industry 510.9 Cheaper than peersROCE 13.2% vs industry 9.3% Above peersROE 14.3% vs industry 8.0% Above peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:46 am

Market Cap 2,765 Cr.
Current Price 491
Intrinsic Value₹312.43
High / Low 511/300
Stock P/E16.6
Book Value 244
Dividend Yield0.61 %
ROCE13.2 %
ROE14.3 %
Face Value 10.0
PEG Ratio-1.32

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nitin Spinners Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nitin Spinners Ltd 2,765 Cr. 491 511/30016.6 2440.61 %13.2 %14.3 % 10.0
Pashupati Cotspin Ltd 1,391 Cr. 88.2 118/59.687.2 10.20.06 %11.5 %9.44 % 1.00
Faze Three Ltd 1,107 Cr. 455 748/32235.2 1750.00 %11.9 %8.69 % 10.0
Ambika Cotton Mills Ltd 899 Cr. 1,566 1,700/1,10114.3 1,6352.36 %11.5 %7.46 % 10.0
Precot Ltd 691 Cr. 576 644/30017.3 3860.52 %12.6 %7.55 % 10.0
Industry Average3,499.43 Cr170.55510.86125.120.60%9.27%8.04%6.80

All Competitor Stocks of Nitin Spinners Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 537655617737750801803823839841793760801
Expenses 477584541655648684684707722721682661689
Operating Profit 60717682103116119115117120111100112
OPM % 11%11%12%11%14%15%15%14%14%14%14%13%14%
Other Income 0110011111211
Interest 7101515252827222121211617
Depreciation 22212324353637373737373737
Profit before tax 31413943435357576063554758
Tax % -1%5%26%26%26%26%26%26%25%27%26%26%24%
Net Profit 32392932323942424546413544
EPS in Rs 5.626.865.145.645.656.977.497.507.978.257.296.197.90

Last Updated: February 4, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4886167669331,1451,2411,4361,6222,6902,4042,9023,3003,195
Expenses 3945166297999901,0621,2661,3652,0392,1072,5252,8292,753
Operating Profit 94100137133155178170257652297377471443
OPM % 19%16%18%14%14%14%12%16%24%12%13%14%14%
Other Income 04112322-33244
Interest 17233322302956625538839075
Depreciation 25284042565581918787118148148
Profit before tax 52546570719736107506176178237224
Tax % 33%24%32%18%27%34%33%35%36%6%26%26%
Net Profit 3541445752642469326165132175167
EPS in Rs 7.598.949.6312.519.4311.404.2412.2558.0129.3223.3931.2029.63
Dividend Payout % 10%11%10%10%13%11%14%12%4%9%11%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)17.14%7.32%29.55%-8.77%23.08%-62.50%187.50%372.46%-49.39%-20.00%32.58%
Change in YoY Net Profit Growth (%)0.00%-9.83%22.23%-38.32%31.85%-85.58%250.00%184.96%-421.85%29.39%52.58%

Nitin Spinners Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:7%
TTM:7%
Compounded Profit Growth
10 Years:15%
5 Years:49%
3 Years:-19%
TTM:20%
Stock Price CAGR
10 Years:20%
5 Years:53%
3 Years:14%
1 Year:-21%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:14%
Last Year:14%

Last Updated: September 5, 2025, 11:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 46464646565656565656565656
Reserves 861211602183614264385078209731,0901,2551,313
Borrowings 1763783525684498601,0409626899801,3391,165915
Other Liabilities 466577536393111151260209231256253
Total Liabilities 3546106358859291,4361,6451,6761,8242,2182,7172,7322,537
Fixed Assets 1914173826135705241,1401,0601,0121,0111,7091,5771,506
CWIP 21017044680203402736
Investments 00000000000017
Other Assets 1421932362723554455066158128671,0051,148978
Total Assets 3546106358859291,4361,6451,6761,8242,2182,7172,7322,537

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 45100546610498155431194163307411
Cash from Investing Activity + -219-36-241-20-483-217-11-86-433-426-22-287
Cash from Financing Activity + 176-65188-47382116-144-345239262-279-128
Net Cash Flow 1-01-13-3-00-007-4
Free Cash Flow -17565-18846-380-119143345-240-262286119
CFO/OP 56%83%52%53%69%64%66%82%83%50%76%103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-82.00-278.00-215.00-435.00-294.00-682.00169.00-705.00-37.00-683.00376.00470.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 192419192836393733344048
Inventory Days 87909010510399105137100110108105
Days Payable 13910111315162120121416
Cash Conversion Cycle 9210599113118119127153113132134137
Working Capital Days 433231225437162846404351
ROCE %23%18%18%13%12%11%6%11%37%12%12%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.41%56.41%56.41%56.41%56.46%56.47%56.51%56.51%56.62%56.62%56.62%56.71%
FIIs 2.40%2.21%1.32%1.09%0.70%0.61%0.74%1.50%0.99%0.82%0.89%0.93%
DIIs 6.30%8.47%11.24%13.32%13.74%14.99%14.85%15.48%15.42%15.69%15.69%14.34%
Public 34.88%32.92%31.02%29.18%29.11%27.93%27.90%26.50%26.96%26.87%26.80%28.03%
No. of Shareholders 40,54637,04533,77432,33430,71629,27534,59735,93437,26636,48335,87635,365

Shareholding Pattern Chart

No. of Shareholders

Nitin Spinners Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund 3,555,310 0.61 117.333,540,7092026-02-23 01:05:520.41%
Quant Small Cap Fund 2,730,499 0.33 90.112,730,4992025-04-22 17:25:240%
Mahindra Manulife Small Cap Fund 997,789 0.82 32.93822,4562025-12-08 05:09:5821.32%
Mahindra Manulife Multi Cap Fund 782,000 0.43 25.81633,5322025-12-08 01:30:1423.43%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 31.2023.3929.3258.0112.25
Diluted EPS (Rs.) 31.2023.3929.3258.0112.25
Cash EPS (Rs.) 57.4744.4744.7673.5628.44
Book Value[Excl.RevalReserv]/Share (Rs.) 233.23203.90183.01155.78100.20
Book Value[Incl.RevalReserv]/Share (Rs.) 233.23203.90183.01155.78100.20
Dividend / Share (Rs.) 3.002.502.504.001.50
Revenue From Operations / Share (Rs.) 587.99516.84428.09478.89288.94
PBDIT / Share (Rs.) 84.4967.4753.43116.2346.10
PBIT / Share (Rs.) 58.2246.4037.99100.6929.90
PBT / Share (Rs.) 42.1431.5831.2890.0318.95
Net Profit / Share (Rs.) 31.2023.3929.3258.0112.25
PBDIT Margin (%) 14.3613.0512.4824.2715.95
PBIT Margin (%) 9.908.978.8721.0210.34
PBT Margin (%) 7.166.107.3018.806.55
Net Profit Margin (%) 5.304.526.8412.114.23
Return on Networth / Equity (%) 13.3711.4716.0137.2312.22
Return on Capital Employeed (%) 15.7612.5712.6540.0514.00
Return On Assets (%) 6.424.847.4317.874.10
Long Term Debt / Equity (X) 0.480.700.540.461.00
Total Debt / Equity (X) 0.881.170.950.781.50
Asset Turnover Ratio (%) 1.211.181.191.540.97
Current Ratio (X) 1.711.541.501.831.27
Quick Ratio (X) 0.780.650.570.840.52
Inventory Turnover Ratio (X) 5.643.573.654.133.14
Dividend Payout Ratio (NP) (%) 8.0110.688.525.174.89
Dividend Payout Ratio (CP) (%) 4.345.625.584.072.10
Earning Retention Ratio (%) 91.9989.3291.4894.8395.11
Cash Earning Retention Ratio (%) 95.6694.3894.4295.9397.90
Interest Coverage Ratio (X) 5.264.557.9711.814.21
Interest Coverage Ratio (Post Tax) (X) 2.942.585.376.982.12
Enterprise Value (Cr.) 2951.993159.672248.471963.571301.99
EV / Net Operating Revenue (X) 0.891.090.930.720.80
EV / EBITDA (X) 6.218.337.493.005.02
MarketCap / Net Operating Revenue (X) 0.540.620.520.470.28
Retention Ratios (%) 91.9889.3191.4794.8295.10
Price / BV (X) 1.371.591.231.460.80
Price / Net Operating Revenue (X) 0.540.620.520.470.28
EarningsYield 0.090.070.120.250.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company's Total Operating Revenue is Rs. 3213.87 Cr. and Equity Capital is Rs. 56.22 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton Blended16-17 Km. Stone, Chittor Road, Hamirgarh, Bhilwara Rajasthan 311025Contact not found
Management
NamePosition Held
Mr. Dinesh NolkhaChairman & Managing Director
Mr. Nitin NolakhaManaging Director
Mr. Rohit Swadheen MehtaIndependent Director
Mr. R C LodhaIndependent Director
Mr. Pratuysh NolkhaExecutive Director
Mrs. Vibha ArenIndependent Director

FAQ

What is the intrinsic value of Nitin Spinners Ltd and is it undervalued?

As of 15 May 2026, Nitin Spinners Ltd's intrinsic value is ₹312.43, which is 36.37% lower than the current market price of ₹491.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.3 %), book value (₹244), dividend yield (0.61 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nitin Spinners Ltd?

Nitin Spinners Ltd is trading at ₹491.00 as of 15 May 2026, with a FY2026-2027 high of ₹511 and low of ₹300. The stock is currently near its 52-week high. Market cap stands at ₹2,765 Cr..

How does Nitin Spinners Ltd's P/E ratio compare to its industry?

Nitin Spinners Ltd has a P/E ratio of 16.6, which is below the industry average of 510.86. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Nitin Spinners Ltd financially healthy?

Key indicators for Nitin Spinners Ltd: ROCE of 13.2 % is moderate. Dividend yield is 0.61 %.

Is Nitin Spinners Ltd profitable and how is the profit trend?

Nitin Spinners Ltd reported a net profit of ₹175 Cr in Mar 2025 on revenue of ₹3,300 Cr. Compared to ₹326 Cr in Mar 2022, the net profit shows a declining trend.

Does Nitin Spinners Ltd pay dividends?

Nitin Spinners Ltd has a dividend yield of 0.61 % at the current price of ₹491.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:46 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nitin Spinners Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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