Nitin Spinners Limited

Nitin Spinners Limited (NITINSPIN) is a micro-cap Textiles company valued at ₹3,678 crore operating in Other Textile Products on the NSE and BSE.

Recent price move

Nitin Spinners Limited last traded at ₹620.45, down 3.47% on the day.

Recent developments

On 2026-09-11, the company announced a dividend of ₹3.00 per share, with the ex-date set for that date. Promoter holding remained at 56.71% as of 2026-06-30, while foreign institutional holding increased by 0.83 percentage points and domestic institutional holding rose by 0.40 percentage points in the quarter.

Financial performance

The company's annual revenue fell 2.6% year-over-year, but net profit rose 1.5%. The latest quarter saw revenue rise 10.3% compared to the same quarter a year earlier, with net profit jumping 83.6%. The net profit margin improved by 0.2 percentage points to 5.5%, while return on equity remained stable at 12.1%.

Valuation multiples

The stock trades at 19.6 times earnings, 2.49 times book value. It yields 0.5%.

Things to watch

The stock is 10.7% below its 52-week high. Annual revenue declined 2.6% despite a strong performance in the latest quarter. The company's profit growth has slowed significantly, with a 2.5% three-year compound annual growth rate compared to a 20.8% five-year rate.

Where it stands

Nitin Spinners Limited ended the latest quarter with revenue of ₹875 crore and net profit of ₹75 crore, showing strong growth compared to the same quarter a year earlier. The company's net profit margin improved, but annual revenue growth has slowed. The stock is currently 10.7% below its 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.