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Nitin Spinners

BSE:532698
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532698
BSE
₹5B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Nitin Spinners Limited manufactures and sells cotton yarns and knitted fabrics in India. The last earnings update was 75 days ago. More info.


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532698 Share Price and Events
7 Day Returns
-4.3%
BSE:532698
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-19.3%
BSE:532698
-4%
IN Luxury
-2.8%
IN Market
532698 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nitin Spinners (532698) -4.3% 0.2% -6.6% -19.3% 14.1% 357.4%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 532698 underperformed the Luxury industry which returned -4% over the past year.
  • 532698 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
532698
Industry
5yr Volatility vs Market

532698 Value

 Is Nitin Spinners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Nitin Spinners. This is due to cash flow or dividend data being unavailable. The share price is ₹81.55.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nitin Spinners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nitin Spinners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532698 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹10.89
BSE:532698 Share Price ** BSE (2019-04-24) in INR ₹81.55
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nitin Spinners.

BSE:532698 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532698 Share Price ÷ EPS (both in INR)

= 81.55 ÷ 10.89

7.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nitin Spinners is good value based on earnings compared to the IN Luxury industry average.
  • Nitin Spinners is good value based on earnings compared to the India market.
Price based on expected Growth
Does Nitin Spinners's expected growth come at a high price?
Raw Data
BSE:532698 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29.4%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:532698 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.49x ÷ 29.4%

0.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nitin Spinners is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Nitin Spinners's assets?
Raw Data
BSE:532698 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹79.83
BSE:532698 Share Price * BSE (2019-04-24) in INR ₹81.55
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:532698 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532698 Share Price ÷ Book Value per Share (both in INR)

= 81.55 ÷ 79.83

1.02x

* Primary Listing of Nitin Spinners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nitin Spinners is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Nitin Spinners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Nitin Spinners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532698 Future Performance

 How is Nitin Spinners expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nitin Spinners expected to grow at an attractive rate?
  • Nitin Spinners's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Nitin Spinners's earnings growth is expected to exceed the India market average.
  • Nitin Spinners's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532698 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532698 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29.4%
BSE:532698 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.5%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532698 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532698 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 17,041 1,994 1,064 1
2020-03-31 15,424 1,434 807 1
2019-03-31 12,722 1,277 543 1
BSE:532698 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 12,157 608
2018-09-30 11,849 632
2018-06-30 11,581 551
2018-03-31 11,452 663 524
2017-12-31 11,440 533
2017-09-30 11,051 518
2017-06-30 10,271 576
2017-03-31 9,334 536 573
2016-12-31 8,385 528
2016-09-30 7,806 483
2016-06-30 7,641 446
2016-03-31 7,669 1,004 442

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nitin Spinners's earnings are expected to grow significantly at over 20% yearly.
  • Nitin Spinners's revenue is expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532698 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Nitin Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532698 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 18.90 18.90 18.90 1.00
2020-03-31 14.40 14.40 14.40 1.00
2019-03-31 9.70 9.70 9.70 1.00
BSE:532698 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 10.89
2018-09-30 11.56
2018-06-30 10.58
2018-03-31 10.56
2017-12-31 11.28
2017-09-30 11.30
2017-06-30 12.56
2017-03-31 12.51
2016-12-31 11.53
2016-09-30 10.54
2016-06-30 9.74
2016-03-31 9.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nitin Spinners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nitin Spinners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nitin Spinners has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532698 Past Performance

  How has Nitin Spinners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nitin Spinners's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nitin Spinners's year on year earnings growth rate has been positive over the past 5 years.
  • Nitin Spinners's 1-year earnings growth exceeds its 5-year average (14.1% vs 12.6%)
  • Nitin Spinners's earnings growth has not exceeded the IN Luxury industry average in the past year (14.1% vs 14.8%).
Earnings and Revenue History
Nitin Spinners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nitin Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532698 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,157.05 608.27 663.10
2018-09-30 11,849.14 631.93 643.25
2018-06-30 11,580.63 550.84 623.84
2018-03-31 11,452.42 523.86 611.97
2017-12-31 11,439.98 533.00 604.16
2017-09-30 11,050.65 517.75 587.74
2017-06-30 10,270.92 575.83 555.97
2017-03-31 9,333.80 573.50 522.77
2016-12-31 8,384.76 528.05 480.07
2016-09-30 7,805.97 483.12 457.74
2016-06-30 7,641.38 446.09 442.40
2016-03-31 7,668.67 441.63 434.72
2015-12-31 7,694.87 450.99 659.86
2015-09-30 7,392.19 449.26 640.45
2015-06-30 6,800.98 439.70 385.69
2015-03-31 6,164.72 409.59 345.51
2014-12-31 5,503.14 372.39 469.26
2014-09-30 5,199.92 358.16 436.20
2014-06-30 5,039.48 354.87 255.62
2014-03-31 4,883.52 347.81 411.15
2013-12-31 4,833.15 262.90 407.73
2013-09-30 4,649.29 226.69 394.87
2013-06-30 4,554.32 185.70 383.47
2013-03-31 4,460.54 141.37 372.38
2012-12-31 4,414.57 211.11 344.37
2012-09-30 4,368.33 158.35 338.88
2012-06-30 4,362.56 77.80 172.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nitin Spinners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nitin Spinners used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Nitin Spinners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nitin Spinners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nitin Spinners has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532698 Health

 How is Nitin Spinners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nitin Spinners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nitin Spinners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nitin Spinners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nitin Spinners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nitin Spinners Company Filings, last reported 3 months ago.

BSE:532698 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,488.73 4,725.44 288.58
2018-09-30 4,488.73 4,725.44 288.58
2018-06-30 4,168.32 4,491.71 1.00
2018-03-31 4,168.32 4,491.71 1.00
2017-12-31 2,755.31 5,371.40 7.55
2017-09-30 2,755.31 5,371.40 7.55
2017-06-30 2,561.76 5,801.88 12.68
2017-03-31 2,642.86 5,682.40 11.24
2016-12-31 2,319.15 4,826.59 22.23
2016-09-30 2,319.15 4,826.59 22.23
2016-06-30 2,056.45 3,520.74 5.69
2016-03-31 2,056.45 3,520.74 5.69
2015-12-31 1,891.19 3,278.18 51.57
2015-09-30 1,891.19 3,278.18 51.57
2015-06-30 1,669.99 3,892.96 6.79
2015-03-31 1,669.99 3,812.74 6.79
2014-12-31 1,497.09 2,906.22 3.88
2014-09-30 1,497.09 2,906.22 3.88
2014-06-30 1,315.56 1,441.73 0.64
2014-03-31 1,315.56 1,760.75 0.64
2013-12-31 1,179.15 1,514.98 65.08
2013-09-30 1,179.15 1,514.98 65.08
2013-06-30 1,007.97 2,066.42 2.76
2013-03-31 1,007.97 2,066.42 2.76
2012-12-31 952.46 1,812.04 0.83
2012-09-30 952.46 1,812.04 0.83
2012-06-30 866.60 2,238.07 0.85
  • Nitin Spinners's level of debt (105.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (128.5% vs 105.3% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Nitin Spinners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nitin Spinners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532698 Dividends

 What is Nitin Spinners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.47%
Current annual income from Nitin Spinners dividends.
If you bought ₹2,000 of Nitin Spinners shares you are expected to receive ₹29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nitin Spinners's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Nitin Spinners's dividend is below the markets top 25% of dividend payers in India (1.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532698 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532698 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
BSE:532698 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-10 1.200 1.402
2017-05-08 1.200 1.056
2016-05-03 1.000 1.295
2015-09-28 1.000 1.585
2014-08-07 0.750 2.099
2014-05-06 0.750 3.600

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Nitin Spinners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Nitin Spinners only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Nitin Spinners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nitin Spinners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nitin Spinners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nitin Spinners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532698 Management

 What is the CEO of Nitin Spinners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinesh Nolkha
COMPENSATION ₹9,951,000
AGE 47
CEO Bio

Mr. Dinesh Nolkha, F.C.A., A.I.C.W.A, has been Managing Director of Nitin Spinners Ltd. since January 2006. Mr. Nolkha was instrumental in setting up Nitin Spinners Ltd. since 1992. Prior to setting up the unit, he underwent intense industrial training at various spinning units of LNJ group in Finance, Marketing, Production and Operations. Mr. Nolkha serves as an Executive Director of Nitin Spinners Ltd. He is a Commerce Graduate and an F.C.A., A.I.C.W.A.

CEO Compensation
  • Dinesh's compensation has been consistent with company performance over the past year.
  • Dinesh's remuneration is higher than average for companies of similar size in India.
Management Team

Ratan Nolkha

TITLE
Executive Chairman
COMPENSATION
₹11M
AGE
71

Dinesh Nolkha

TITLE
MD & Executive Director
COMPENSATION
₹10M
AGE
47

P. Maheshwari

TITLE
Senior VP of Finance & CFO
AGE
56

Sandeep Garg

TITLE
President of Operations
AGE
47
TENURE
12 yrs

Sudhir Garg

TITLE
Company Secretary
AGE
52

Umesh Toshniwal

TITLE
Vice President of Marketing
AGE
46

Nitin Nolkha

TITLE
Executive Director
COMPENSATION
₹9M
AGE
42

K. Pareek

TITLE
Vice President of Human Resources
AGE
68

S.S Basu

TITLE
Senior Vice President of Processing
Board of Directors Tenure

Average tenure and age of the Nitin Spinners board of directors in years:

11.6
Average Tenure
63
Average Age
  • The average tenure for the Nitin Spinners board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ratan Nolkha

TITLE
Executive Chairman
COMPENSATION
₹11M
AGE
71
TENURE
11.6 yrs

Dinesh Nolkha

TITLE
MD & Executive Director
COMPENSATION
₹10M
AGE
47

Nitin Nolkha

TITLE
Executive Director
COMPENSATION
₹9M
AGE
42
TENURE
21.5 yrs

Yeshwantlal Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹113K
AGE
76
TENURE
14.2 yrs

R. Chattopadhyay

TITLE
Independent & Non-Executive Director
COMPENSATION
₹133K
AGE
61
TENURE
4.8 yrs

Aditi Mehta

TITLE
Independent & Non-Executive Director
COMPENSATION
₹113K
AGE
65
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
26. Nov 18 Buy Nitin Nolkha Individual 10. Oct 18 22. Nov 18 52,000 ₹87.70 ₹4,560,293
20. Nov 18 Buy Ratan Nolkha Individual 19. Nov 18 19. Nov 18 150,000 ₹87.41 ₹13,111,569
20. Nov 18 Buy Redial Trading & Investment Private Limited Company 19. Nov 18 19. Nov 18 269,000 ₹87.20 ₹23,456,795
19. Nov 18 Buy Ratan Nolkha Individual 04. Oct 18 16. Nov 18 404,000 ₹88.19 ₹35,628,149
11. Oct 18 Buy Redial Trading & Investment Private Limited Company 01. Oct 18 09. Oct 18 14,000 ₹79.11 ₹1,107,533
02. Oct 18 Buy Redial Trading & Investment Private Limited Company 28. Sep 18 28. Sep 18 15,000 ₹81.17 ₹1,217,608
18. Jun 18 Buy Redial Trading & Investment Private Limited Company 15. Jun 18 15. Jun 18 668,290 ₹120.50 ₹80,528,908
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Management checks
We assess Nitin Spinners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nitin Spinners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532698 News

Simply Wall St News

532698 Company Info

Description

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. It also provides single jersey, pique structures, interlock structures, rib structures, lycra blended, open width, and three thread fleece fabrics. The company’s products are used in the manufacture of various products comprising apparels and garments, knitted garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denims, industrial fabrics, medical textiles, mattresses sticking, sheeting, socks, tea bags, and other products. It also exports its products to Europe, North America, South America, Africa, and Asia. The company was founded in 1992 and is headquartered in Bhilwara, India.

Details
Name: Nitin Spinners Limited
532698
Exchange: BSE
Founded: 1992
₹4,655,016,000
56,220,000
Website: http://www.nitinspinners.com
Address: Nitin Spinners Limited
16-17 Km. Stone,
Chittor Road,
Bhilwara,
Rajasthan, 311025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532698 Equity Shares Mumbai Stock Exchange IN INR 02. Feb 2006
NSEI NITINSPIN Equity Shares National Stock Exchange of India IN INR 02. Feb 2006
Number of employees
Current staff
Staff numbers
2,967
Nitin Spinners employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:42
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.