Price Target Changed • May 12
Price target increased by 24% to ₹609 Up from ₹492, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₹498. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹41.10 for next year compared to ₹31.58 last year. Reported Earnings • May 11
Full year 2026 earnings released: EPS: ₹31.58 (vs ₹31.20 in FY 2025) Full year 2026 results: EPS: ₹31.58 (up from ₹31.20 in FY 2025). Revenue: ₹32.2b (down 2.6% from FY 2025). Net income: ₹1.78b (up 1.2% from FY 2025). Profit margin: 5.5% (up from 5.3% in FY 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 25
Nitin Spinners Limited to Report Q4, 2026 Results on May 08, 2026 Nitin Spinners Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 08, 2026 Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹7.90 (vs ₹7.96 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.90 (down from ₹7.96 in 3Q 2025). Revenue: ₹8.02b (down 4.4% from 3Q 2025). Net income: ₹444.1m (flat on 3Q 2025). Profit margin: 5.5% (up from 5.3% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jan 22
Nitin Spinners Limited to Report Q3, 2026 Results on Jan 31, 2026 Nitin Spinners Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 31, 2026 Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹6.19 (vs ₹7.50 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.19 (down from ₹7.50 in 2Q 2025). Revenue: ₹7.61b (down 7.5% from 2Q 2025). Net income: ₹347.9m (down 18% from 2Q 2025). Profit margin: 4.6% (down from 5.1% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 25
Nitin Spinners Limited to Report Q2, 2026 Results on Nov 04, 2025 Nitin Spinners Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Declared Dividend • Aug 13
Dividend increased to ₹3.00 Dividend of ₹3.00 is 20% higher than last year. Ex-date: 29th August 2025 Payment date: 6th October 2025 Dividend yield will be 0.9%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 12
Nitin Spinners Limited announces Annual dividend, payable on October 06, 2025 Nitin Spinners Limited announced Annual dividend of INR 3.0000 per share payable on October 06, 2025, ex-date on August 29, 2025 and record date on August 30, 2025. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹7.29 (vs ₹7.49 in 1Q 2025) First quarter 2026 results: EPS: ₹7.29 (down from ₹7.49 in 1Q 2025). Revenue: ₹7.95b (down 1.0% from 1Q 2025). Net income: ₹409.9m (down 2.7% from 1Q 2025). Profit margin: 5.2% (in line with 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 05
Nitin Spinners Limited, Annual General Meeting, Sep 06, 2025 Nitin Spinners Limited, Annual General Meeting, Sep 06, 2025, at 15:00 Indian Standard Time. Tillkännagivande • Jul 24
Nitin Spinners Limited to Report Q1, 2026 Results on Aug 05, 2025 Nitin Spinners Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Tillkännagivande • Jun 03
Nitin Spinners Limited (NSEI:NITINSPIN) agreed to acquire 18.12% stake in CGE II Hybrid Energy Private Limited from Continuum Green Energy Limited for approximately INR 170 million. Nitin Spinners Limited (NSEI:NITINSPIN) agreed to acquire 18.12% stake in CGE ll Hybrid Energy Private Limited from Continuum Green Energy Limited for approximately INR 170 million on June 2, 2025.
For the period ending March 31, 2025, CGE ll Hybrid Energy Private Limited reported total revenue of INR 0.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 2, 2025 to August 31, 2025. Price Target Changed • May 15
Price target increased by 14% to ₹602 Up from ₹527, the current price target is an average from 2 analysts. New target price is 48% above last closing price of ₹408. Stock is up 18% over the past year. The company is forecast to post earnings per share of ₹37.20 for next year compared to ₹31.20 last year. Reported Earnings • May 14
Full year 2025 earnings released: EPS: ₹31.20 (vs ₹23.39 in FY 2024) Full year 2025 results: EPS: ₹31.20 (up from ₹23.39 in FY 2024). Revenue: ₹33.1b (up 14% from FY 2024). Net income: ₹1.75b (up 33% from FY 2024). Profit margin: 5.3% (up from 4.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 28
Nitin Spinners Limited to Report Q4, 2025 Results on May 13, 2025 Nitin Spinners Limited announced that they will report Q4, 2025 results on May 13, 2025 Reported Earnings • Jan 28
Third quarter 2025 earnings released: EPS: ₹7.96 (vs ₹5.65 in 3Q 2024) Third quarter 2025 results: EPS: ₹7.96 (up from ₹5.65 in 3Q 2024). Revenue: ₹8.40b (up 12% from 3Q 2024). Net income: ₹447.8m (up 41% from 3Q 2024). Profit margin: 5.3% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 18
Nitin Spinners Limited to Report Q3, 2025 Results on Jan 27, 2025 Nitin Spinners Limited announced that they will report Q3, 2025 results on Jan 27, 2025 Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹7.50 (vs ₹5.64 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.50 (up from ₹5.64 in 2Q 2024). Revenue: ₹8.23b (up 12% from 2Q 2024). Net income: ₹421.6m (up 33% from 2Q 2024). Profit margin: 5.1% (up from 4.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Joint MD & Executive Director Nitin Nolakha is the most experienced director on the board, commencing their role in 1998. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Oct 26
Nitin Spinners Limited to Report Q2, 2025 Results on Nov 07, 2024 Nitin Spinners Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Tillkännagivande • Sep 17
Nitin Spinners Limited Announces Board Changes Nitin Spinners Limited announced that 32nd Annual General Meeting held on 16th September,2024, Change in designation of Shri Dinesh Nolkha to Chairman with effect from October 01, 2024, for remaining tenure in the current appointment up to September 30, 2027. He is B. Com, FCA & FCMA and has vast experience of more than thirty-two years in Textile industries. His functional experience mainly covers Plant Operations, Administration, Marketing, Commercial and Finance. Reason for Changes: Change in Designation. Appointment of Shri Pratyush Nolakha as Executive Director on Board of the Company from July 22, 2024, to September 30, 2027. Brief Profile: He has completed graduation from Shri Ram College of Commerce, Delhi in the year 2019. Master of Business Administration from Indian Institute of Management, Ahmedabad in the year 2023' He has worked with Boston Consulting Group for about six months & joined Company on February 29, 2024, as Executive Manager (Operation & Strategies). Reason for Changes: Appointment of Smt. Vibha Aren as a independent Director on Board of the Company for five years with effect from July 22, 2024. Brief Profile: She is B.A. (Hons) & M.A, (Economics) She has rich experience of around 40 years of handling various stream of banking business from basic branch operations to specialized fields such as Treasury, HRD and international Banking Division (lBD). She has headed various positions i.e. Circle, Zonal, and administrative head of IBD & GBMD. Declared Dividend • Aug 23
Dividend of ₹2.50 announced Dividend of ₹2.50 is the same as last year. Ex-date: 9th September 2024 Payment date: 16th October 2024 Dividend yield will be 0.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 27
Nitin Spinners Limited Announces Director Resignations Nitin Spinners Limited announced that Sh. Rabisankar Chattopadhyay and Smt. Aditi Mehta (DlN: 06917890) Independent Directors have tendered their resignation from Non-Executive lndependent Directors of the Company with effect from the close of business hours on 27th July, 2024. Consequently, they cease to be Chairperson/member of various Committees where they were appointed as chairperson/member. Reported Earnings • Jul 23
First quarter 2025 earnings released: EPS: ₹7.49 (vs ₹5.14 in 1Q 2024) First quarter 2025 results: EPS: ₹7.49 (up from ₹5.14 in 1Q 2024). Revenue: ₹8.03b (up 30% from 1Q 2024). Net income: ₹421.2m (up 46% from 1Q 2024). Profit margin: 5.2% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 22
Nitin Spinners Limited, Annual General Meeting, Sep 16, 2024 Nitin Spinners Limited, Annual General Meeting, Sep 16, 2024. Tillkännagivande • Jul 13
Nitin Spinners Limited to Report Q1, 2025 Results on Jul 22, 2024 Nitin Spinners Limited announced that they will report Q1, 2025 results on Jul 22, 2024 Buy Or Sell Opportunity • May 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ₹314. The fair value is estimated to be ₹396, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Tillkännagivande • May 10
Nitin Spinners Limited Recommends Dividend for the Year Ended March 31, 2024 Nitin Spinners Limited announced that at the board meeting held on May 9, 2024, the company recommended Dividend @ 25% i.e. INR 2.50 per share of INR 10/- each for the year ended March 31, 2024, subject to approval of Shareholders. Price Target Changed • Feb 14
Price target increased by 13% to ₹472 Up from ₹416, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ₹356. Stock is up 74% over the past year. The company is forecast to post earnings per share of ₹25.00 for next year compared to ₹29.32 last year. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹5.65 (vs ₹5.62 in 3Q 2023) Third quarter 2024 results: EPS: ₹5.65 (up from ₹5.62 in 3Q 2023). Revenue: ₹7.51b (up 40% from 3Q 2023). Net income: ₹317.5m (flat on 3Q 2023). Profit margin: 4.2% (down from 5.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 23
Now 22% undervalued Over the last 90 days, the stock has risen 20% to ₹322. The fair value is estimated to be ₹411, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Tillkännagivande • Jan 18
Nitin Spinners Limited to Report Q3, 2024 Results on Jan 29, 2024 Nitin Spinners Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Buying Opportunity • Jan 11
Now 20% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be ₹403, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 47% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Buying Opportunity • Dec 27
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be ₹422, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 47% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Buying Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be ₹428, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 47% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Tillkännagivande • Nov 10
Nitin Spinners Limited Appoints Shri Rishabh Chand Lodha as an Additional Director (Independent) on the Board Nitin Spinners Limited announced Appointment of Shri Rishabh Chand Lodha as an Additional Director (independent) on the Board of the Company w.e.f. 09.!L.2023 to hold office till the conclusion of the General Meeting or 3 Months from date of appointment whichever is earlier. He did M.Com, MBA (Gold Medalist) Ph.D. (Finance) L.L.B & CAIIB He has vast work experience of 40 plus years in Banking field. He retired as Executive Director from Central Bank of lndia. Presently he is in profession of lnsolvencv Professional of lBBl & Advocate. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹5.64 (vs ₹5.18 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.64 (up from ₹5.18 in 2Q 2023). Revenue: ₹7.38b (up 46% from 2Q 2023). Net income: ₹317.0m (up 8.9% from 2Q 2023). Profit margin: 4.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 28
Nitin Spinners Limited to Report Q2, 2024 Results on Nov 09, 2023 Nitin Spinners Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Buying Opportunity • Oct 23
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ₹345, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 30% in a year. Earnings is forecast to grow by 39% in the next year. Tillkännagivande • Sep 20
Nitin Spinners Limited Declares Final Dividend for the Financial Year Ended March 31, 2023 Nitin Spinners Limited at its AGM held on September 18, 2023, declared final dividend of INR 2.50 per Equity Shares for the financial year ended 31st March, 2023. Upcoming Dividend • Sep 04
Upcoming dividend of ₹2.50 per share at 0.8% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 8.5% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.5%). Tillkännagivande • Aug 25
Nitin Spinners Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023 The 31st Annual General Meeting of the Shareholders of NITIN SPINNERS LIMITED will be held on 18th September, proposed to declare Final Dividend of INR 2.50 per Equity Shares for the financial year ended 31st March, 2023. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹289, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 622% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹511 per share. Price Target Changed • Aug 17
Price target decreased by 11% to ₹355 Down from ₹398, the current price target is an average from 3 analysts. New target price is 46% above last closing price of ₹244. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹30.13 for next year compared to ₹29.32 last year. Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: ₹5.14 (vs ₹11.66 in 1Q 2023) First quarter 2024 results: EPS: ₹5.14 (down from ₹11.66 in 1Q 2023). Revenue: ₹6.17b (down 13% from 1Q 2023). Net income: ₹289.0m (down 56% from 1Q 2023). Profit margin: 4.7% (down from 9.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 06
Nitin Spinners Limited, Annual General Meeting, Sep 18, 2023 Nitin Spinners Limited, Annual General Meeting, Sep 18, 2023. Price Target Changed • May 10
Price target increased by 11% to ₹441 Up from ₹398, the current price target is an average from 2 analysts. New target price is 75% above last closing price of ₹252. Stock is up 19% over the past year. The company posted earnings per share of ₹29.32 last year. Reported Earnings • May 08
Full year 2023 earnings released: EPS: ₹29.32 (vs ₹58.01 in FY 2022) Full year 2023 results: EPS: ₹29.32 (down from ₹58.01 in FY 2022). Revenue: ₹24.1b (down 11% from FY 2022). Net income: ₹1.65b (down 50% from FY 2022). Profit margin: 6.8% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 07
Nitin Spinners Limited Recommends Dividend for the Year Ended March 31, 2023 The board of directors of Nitin Spinners Limited meeting held on May 6, 2023, recommended Dividend @ 25% i.e. INR 2.50 per share of INR 10/- each for the year ended March 31, 2023, subject to approval of Shareholders. Price Target Changed • Feb 07
Price target decreased by 16% to ₹397 Down from ₹473, the current price target is an average from 2 analysts. New target price is 97% above last closing price of ₹202. Stock is down 37% over the past year. The company posted earnings per share of ₹58.01 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹5.62 (vs ₹16.59 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.62 (down from ₹16.59 in 3Q 2022). Revenue: ₹5.37b (down 24% from 3Q 2022). Net income: ₹315.8m (down 66% from 3Q 2022). Profit margin: 5.9% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 24
Nitin Spinners Limited to Report Q3, 2023 Results on Feb 02, 2023 Nitin Spinners Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 02, 2023 Buying Opportunity • Dec 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₹239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 86%. Buying Opportunity • Dec 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be ₹262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 86%. Price Target Changed • Nov 16
Price target decreased to ₹635 Down from ₹703, the current price target is provided by 1 analyst. New target price is 230% above last closing price of ₹193. Stock is down 29% over the past year. The company posted earnings per share of ₹58.01 last year. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹5.18 (vs ₹15.54 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.18 (down from ₹15.54 in 2Q 2022). Revenue: ₹5.07b (down 24% from 2Q 2022). Net income: ₹291.1m (down 67% from 2Q 2022). Profit margin: 5.7% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 16
Nitin Spinners Approves Declaration of Dividend for the Financial Year Ended March 31, 2022 Nitin Spinners Limited at the AGM held on September 15, 2022 approved declaration of Dividend of INR 2.50 per equity shares for the financial year ended March 31, 2022. Upcoming Dividend • Aug 31
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 15 October 2022. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 08
First quarter 2023 earnings released: EPS: ₹11.66 (vs ₹10.67 in 1Q 2022) First quarter 2023 results: EPS: ₹11.66 (up from ₹10.67 in 1Q 2022). Revenue: ₹7.09b (up 28% from 1Q 2022). Net income: ₹655.8m (up 9.3% from 1Q 2022). Profit margin: 9.3% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 07
Nitin Spinners Limited, Annual General Meeting, Sep 15, 2022 Nitin Spinners Limited, Annual General Meeting, Sep 15, 2022. Tillkännagivande • Jul 26
Nitin Spinners Limited to Report Q1, 2023 Results on Aug 06, 2022 Nitin Spinners Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 06, 2022 Tillkännagivande • May 14
Nitin Spinners Limited Recommends Final Dividend for the Year Ended 31St March, 2022 Nitin Spinners Limited recommended final Dividend @ 25% i.e. INR 2.50 per share of INR 10/- each for the year ended 31st March, 2022, subject to approval of Shareholders. This is in addition to interim Dividend of INR 1.50 per share paid during the month of February, 22. Accordingly, dividend for the Fiscal Year 2021-22 aggregates to INR 4.00 per share of INR 10/- each. Reported Earnings • May 14
Full year 2022 earnings released: EPS: ₹58.01 (vs ₹12.25 in FY 2021) Full year 2022 results: EPS: ₹58.01 (up from ₹12.25 in FY 2021). Revenue: ₹26.9b (up 66% from FY 2021). Net income: ₹3.26b (up 374% from FY 2021). Profit margin: 12% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ₹735 Up from ₹400, the current price target is provided by 1 analyst. New target price is 207% above last closing price of ₹239. Stock is up 172% over the past year. The company posted earnings per share of ₹12.25 last year. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹227, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹281, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 296% over the past three years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹16.59 (up from ₹4.13 in 3Q 2021). Revenue: ₹7.05b (up 51% from 3Q 2021). Net income: ₹932.6m (up 301% from 3Q 2021). Profit margin: 13% (up from 5.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 04
Nitin Spinners Limited Approves Interim Dividend for the Year 2022 Nitin Spinners Limited in its Board of Director Meeting held on February 3, 2022 approved and declared Interim Dividend @ 15% i.e. INR 1.50 per share on fully paid up Equity Share of INR 10.00 each of the Company. The said Interim Dividend shall be credited/paid within 30 days from the date of declaration to the shareholders holding shares of the Company on record date February 11, 2022. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS ₹15.54 (vs ₹2.12 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.65b (up 56% from 2Q 2021). Net income: ₹873.9m (up ₹754.7m from 2Q 2021). Profit margin: 13% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 43% per year. Upcoming Dividend • Sep 01
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS ₹10.67 (vs ₹1.63 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹5.54b (up 153% from 1Q 2021). Net income: ₹600.1m (up ₹691.7m from 1Q 2021). Profit margin: 11% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 26% share price gain to ₹245, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹141, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₹117, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • May 09
Full year 2021 earnings released: EPS ₹12.25 (vs ₹4.24 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹16.3b (up 13% from FY 2020). Net income: ₹688.7m (up 189% from FY 2020). Profit margin: 4.2% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹103, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹82.45, the stock is trading at a trailing P/E ratio of 14.3x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 20%. Price Target Changed • Feb 07
Price target raised to ₹152 Up from ₹100.00, the current price target is provided by 1 analyst. The new target price is 98% above the current share price of ₹76.60. As of last close, the stock is up 42% over the past year. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS ₹4.13 (vs ₹1.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹4.67b (up 16% from 3Q 2020). Net income: ₹232.5m (up 301% from 3Q 2020). Profit margin: 5.0% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 19
Nitin Spinners Limited to Report Q3, 2021 Results on Jan 28, 2021 Nitin Spinners Limited announced that they will report Q3, 2021 results on Jan 28, 2021 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹83.30, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 26.6x. This compares to an average P/E of 20x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹75.60 The company is up 89% from its price of ₹40.05 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹73.40 The company is up 83% from its price of ₹40.20 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 20% share price gain to ₹70.55, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 22x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 33%. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 15% share price gain to ₹57.65, the stock is trading at a trailing P/E ratio of 21.6x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 44%. Valuation Update With 7 Day Price Move • Oct 29
Market bids up stock over the past week After last week's 25% share price gain to ₹49.90, the stock is trading at a trailing P/E ratio of 71.8x, up from the previous P/E ratio of 57.5x. This compares to an average P/E of 14x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 58%. Is New 90 Day High Low • Oct 26
New 90-day high: ₹43.95 The company is up 9.0% from its price of ₹40.30 on 28 July 2020. The Indian market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 17% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₹36.80 The company is down 24% from its price of ₹48.40 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. Tillkännagivande • Jul 26
Nitin Spinners Limited to Report Q1, 2021 Results on Aug 08, 2020 Nitin Spinners Limited announced that they will report Q1, 2021 results on Aug 08, 2020