Nitin Spinners Limited

NSEI:NITINSPIN Stock Report

Market Cap: ₹18.5b

Nitin Spinners Balance Sheet Health

Financial Health criteria checks 2/6

Nitin Spinners has a total shareholder equity of ₹10.7B and total debt of ₹12.2B, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are ₹25.4B and ₹14.7B respectively. Nitin Spinners's EBIT is ₹2.3B making its interest coverage ratio 3.8. It has cash and short-term investments of ₹4.7M.

Key information

113.1%

Debt to equity ratio

₹12.16b

Debt

Interest coverage ratio3.8x
Cash₹4.67m
Equity₹10.74b
Total liabilities₹14.66b
Total assets₹25.41b

Recent financial health updates

Recent updates

Nitin Spinners' (NSE:NITINSPIN) Returns On Capital Not Reflecting Well On The Business

Mar 21
Nitin Spinners' (NSE:NITINSPIN) Returns On Capital Not Reflecting Well On The Business

This Is The Reason Why We Think Nitin Spinners Limited's (NSE:NITINSPIN) CEO Might Be Underpaid

Sep 12
This Is The Reason Why We Think Nitin Spinners Limited's (NSE:NITINSPIN) CEO Might Be Underpaid

Nitin Spinners (NSE:NITINSPIN) Is Paying Out A Dividend Of ₹2.50

Sep 10
Nitin Spinners (NSE:NITINSPIN) Is Paying Out A Dividend Of ₹2.50

Nitin Spinners (NSE:NITINSPIN) Has Affirmed Its Dividend Of ₹2.50

Aug 27
Nitin Spinners (NSE:NITINSPIN) Has Affirmed Its Dividend Of ₹2.50

Nitin Spinners (NSE:NITINSPIN) Is Reinvesting At Lower Rates Of Return

Aug 23
Nitin Spinners (NSE:NITINSPIN) Is Reinvesting At Lower Rates Of Return

Calculating The Fair Value Of Nitin Spinners Limited (NSE:NITINSPIN)

Jan 15
Calculating The Fair Value Of Nitin Spinners Limited (NSE:NITINSPIN)

If EPS Growth Is Important To You, Nitin Spinners (NSE:NITINSPIN) Presents An Opportunity

Nov 30
If EPS Growth Is Important To You, Nitin Spinners (NSE:NITINSPIN) Presents An Opportunity

Nitin Spinners (NSE:NITINSPIN) Is Increasing Its Dividend To ₹2.50

Aug 25
Nitin Spinners (NSE:NITINSPIN) Is Increasing Its Dividend To ₹2.50

We Think Nitin Spinners (NSE:NITINSPIN) Can Stay On Top Of Its Debt

Jun 14
We Think Nitin Spinners (NSE:NITINSPIN) Can Stay On Top Of Its Debt

Should You Be Adding Nitin Spinners (NSE:NITINSPIN) To Your Watchlist Today?

May 26
Should You Be Adding Nitin Spinners (NSE:NITINSPIN) To Your Watchlist Today?

I Ran A Stock Scan For Earnings Growth And Nitin Spinners (NSE:NITINSPIN) Passed With Ease

Dec 28
I Ran A Stock Scan For Earnings Growth And Nitin Spinners (NSE:NITINSPIN) Passed With Ease

Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet

Sep 21
Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet

Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet

May 28
Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet

Here's What's Concerning About Nitin Spinners' (NSE:NITINSPIN) Returns On Capital

May 07
Here's What's Concerning About Nitin Spinners' (NSE:NITINSPIN) Returns On Capital

Should You Buy Nitin Spinners Limited (NSE:NITINSPIN) For Its Dividend?

Mar 08
Should You Buy Nitin Spinners Limited (NSE:NITINSPIN) For Its Dividend?

Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky

Feb 18
Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky

What Nitin Spinners Limited's (NSE:NITINSPIN) ROE Can Tell Us

Feb 03
What Nitin Spinners Limited's (NSE:NITINSPIN) ROE Can Tell Us

Our View On Nitin Spinners' (NSE:NITINSPIN) CEO Pay

Jan 19
Our View On Nitin Spinners' (NSE:NITINSPIN) CEO Pay

Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?

Jan 04
Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?

Investors Who Bought Nitin Spinners (NSE:NITINSPIN) Shares A Year Ago Are Now Up 56%

Dec 17
Investors Who Bought Nitin Spinners (NSE:NITINSPIN) Shares A Year Ago Are Now Up 56%

Zooming in on NSE:NITINSPIN's 1.0% Dividend Yield

Nov 29
Zooming in on NSE:NITINSPIN's 1.0% Dividend Yield

Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky

Nov 08
Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky

How Much Did Nitin Spinners' (NSE:NITINSPIN) CEO Pocket Last Year?

Oct 06
How Much Did Nitin Spinners' (NSE:NITINSPIN) CEO Pocket Last Year?

Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?

Sep 01
Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?

Financial Position Analysis

Short Term Liabilities: NITINSPIN's short term assets (₹7.8B) exceed its short term liabilities (₹5.0B).

Long Term Liabilities: NITINSPIN's short term assets (₹7.8B) do not cover its long term liabilities (₹9.7B).


Debt to Equity History and Analysis

Debt Level: NITINSPIN's net debt to equity ratio (113.1%) is considered high.

Reducing Debt: NITINSPIN's debt to equity ratio has increased from 105.3% to 113.1% over the past 5 years.

Debt Coverage: NITINSPIN's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: NITINSPIN's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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