Nitin Spinners Limited

BSE:532698 Stock Report

Market Cap: ₹17.6b

Nitin Spinners Management

Management criteria checks 1/4

Nitin Spinners' CEO is Dinesh Nolkha, appointed in Feb 2021, has a tenure of less than a year. total yearly compensation is ₹24.79M, comprised of 23% salary and 77% bonuses, including company stock and options. directly owns 2.77% of the company’s shares, worth ₹488.76M. The average tenure of the management team and the board of directors is 4 years and 0.9 years respectively.

Key information

Dinesh Nolkha

Chief executive officer

₹24.8m

Total compensation

CEO salary percentage23.0%
CEO tenure4yrs
CEO ownership2.8%
Management average tenure4yrs
Board average tenureless than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dinesh Nolkha's remuneration changed compared to Nitin Spinners's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024n/an/a

₹2b

Sep 30 2024n/an/a

₹2b

Jun 30 2024n/an/a

₹1b

Mar 31 2024₹25m₹6m

₹1b

Dec 31 2023n/an/a

₹1b

Sep 30 2023n/an/a

₹1b

Jun 30 2023n/an/a

₹1b

Mar 31 2023₹15m₹5m

₹2b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹3b

Jun 30 2022n/an/a

₹3b

Mar 31 2022₹31m₹5m

₹3b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹13m₹4m

₹689m

Dec 31 2020n/an/a

₹325m

Sep 30 2020n/an/a

₹151m

Jun 30 2020n/an/a

₹39m

Mar 31 2020₹8m₹4m

₹238m

Dec 31 2019n/an/a

₹352m

Sep 30 2019n/an/a

₹438m

Jun 30 2019n/an/a

₹594m

Mar 31 2019₹12m₹4m

₹641m

Dec 31 2018n/an/a

₹608m

Sep 30 2018n/an/a

₹632m

Jun 30 2018n/an/a

₹551m

Mar 31 2018₹10m₹4m

₹524m

Compensation vs Market: Dinesh's total compensation ($USD285.38K) is above average for companies of similar size in the Indian market ($USD203.49K).

Compensation vs Earnings: Dinesh's compensation has increased by more than 20% in the past year.

CEO

Dinesh Nolkha (54 yo)

4yrs

Tenure

₹24,790,000

Compensation

Mr. Dinesh Nolkha, F.C.A., A.I.C.W.A, has been Managing Director of Nitin Spinners Ltd. since January 2006 and serves as its Executive Chairman since October 01, 2024. Mr. Nolkha was instrumental in settin...

Leadership Team

NamePositionTenureCompensationOwnership
Dinesh Nolkha
MD & Executive Chairman4yrs₹24.79m2.77%
₹ 488.8m
Nitin Nolakha
Joint MD & Executive Director4yrs₹23.45m3.72%
₹ 656.5m
Purushottam Maheshwari
President & CFOno data₹4.41mno data
Anil Jain
Joint Presidentno data₹4.16mno data
Sudhir Garg
Company Secretaryno data₹2.97mno data
Umesh Toshniwal
Joint President of Marketingno data₹4.53mno data
Sandeep Garg
President & COO17.8yrsno datano data
Pratyush Nolakha
Executive Directorless than a yearno datano data

4.0yrs

Average Tenure

54yo

Average Age

Experienced Management: 532698's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Dinesh Nolkha
MD & Executive Chairmanless than a year₹24.79m2.77%
₹ 488.8m
Nitin Nolakha
Joint MD & Executive Director26.3yrs₹23.45m3.72%
₹ 656.5m
Pratyush Nolakha
Executive Directorless than a yearno datano data
Vibha Aren
Independent Directorless than a yearno datano data
Rohit Mehta
Independent Director3.2yrs₹400.00k0.040%
₹ 7.0m
Rishabh Lodha
Additional Independent Director1.3yrs₹100.00kno data

0.9yrs

Average Tenure

54yo

Average Age

Experienced Board: 532698's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 20:33
End of Day Share Price 2025/02/19 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nitin Spinners Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullEast India Securities Ltd
Naveed MD.FirstCall Research
Saurabh GinodiaSMIFS Limited