Nitin Spinners Ltd Share Price History : Returns Comparison, Growth Analysis

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Nitin Spinners Ltd Share Price History

₹ 0.2 Cr

Volume transacted

4.9 K

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Last Updated time: 17 Sep 14:28 PM

Nitin Spinners Ltd

BSE

17 Sep, 2024

410.7-3.1 (-0.7%)

Prev Close

413.8

Open Price

414.5

Bid Price (QTY)

410.0 (0)

Offer Price (QTY)

408.9 (0)

Volume

4909

Today's High / Low

416.9 / 408.0

52 WK High / Low

473.0 / 260.8

NSE

17 Sep, 2024

409.65-4.7 (-1.1%)

Prev Close

414.35

Open Price

415

Bid Price (QTY)

409.8 (36)

Offer Price (QTY)

409.1 (37)

Volume

150464

Today's High / Low

417.5 / 407.3

52 WK High / Low

474.0 / 260.5

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The current market price or CMP refers to the price at which the securities are trading in the share market. Current price in Over-the-counter costs: The following current price depends upon the bid price & the asking price when a financial asset is sold over-the-counter(OTC). Current Price in Bond Market: The current price of a bond is determined by measuring the actual interest rate against the bid-related interest rate. The par or the face value is then calculated to represent the remaining interest payments due which occur before the maturity of the bond.

Share price Over Time

To make informed investment decisions, regularly checking Nitin Spinners Ltd share price can be a beneficial practice. *All values are in Rupees.

Last Ten Days Share Price

Date	Price	Day Open	Day High	Day Low

16 Sep 2024	413.8	415.55	419.25	406.05
13 Sep 2024	415.25	414	421	413.4
12 Sep 2024	413.45	412.6	417	407.6
11 Sep 2024	413.05	428.35	428.35	410.45
10 Sep 2024	420.1	424.45	430	417.65
09 Sep 2024	416.35	418.25	421.9	408
06 Sep 2024	417.85	423.35	427.15	413.7
05 Sep 2024	422.95	425	429.8	420.95
04 Sep 2024	426.55	424.8	428.75	414.4
03 Sep 2024	422.7	409.55	431.35	409.55

Date	Price
16 Sep 2024	413.8
13 Sep 2024	415.25
12 Sep 2024	413.45
11 Sep 2024	413.05
10 Sep 2024	420.1
09 Sep 2024	416.35
06 Sep 2024	417.85
05 Sep 2024	422.95
04 Sep 2024	426.55
03 Sep 2024	422.7

Returns Comparison

10Y

Returns Comparison Table

Entity	1W	1M	3M	6M	1Y	3Y	5Y	10Y

Grasim Industries Ltd	2.0	6.3	12.5	25.5	41.9	75.8	287.5	375.9
Vardhman Textiles Ltd	1.2	0.8	1.0	18.7	25.7	33.6	164.7	428.7
Welspun Living Ltd	-2.6	1.8	20.4	21.3	46.3	33.4	237.3	590.2
Trident Ltd	0.7	-1.2	-6.1	-2.4	-5.3	48.9	485.1	1319.8
LS Industries Ltd	27.6	177.9	630.9	0.0	0.0	0.0	0.0	0.0
Nitin Spinners Ltd	-0.6	-1.0	18.8	23.2	44.6	96.4	689.7	1435.4

Entity	1W
Grasim Industries Ltd	2.0
Vardhman Textiles Ltd	1.2
Welspun Living Ltd	-2.6
Trident Ltd	0.7
LS Industries Ltd	27.6
Nitin Spinners Ltd	-0.6

Last updated time: 17 Sep 14:28 PM

Growth Parameters

Parameter	2017	2018	2019	2020	2021	2022	2023	2024

Sales	933	1145	1243	1438	1624	2692	2407	2906
Sales YoY Gr.	-	22.7%	8.5%	15.7%	13.0%	65.7%	-10.6%	20.7%
Adj EPS	12.51	9.43	11.4	4.24	12.25	58.01	29.32	23.39
YoY Gr.	-	-24.6%	20.9%	-62.8%	188.9%	373.5%	-49.5%	-20.2%
Adj Net Profit	57	52	64	24	69	326	165	132
BVPS	57.66	75.03	85.83	87.87	100.2	155.78	183.01	203.9

Parameter	2017
Sales	933
Sales YoY Gr.	-
Adj EPS	12.51
YoY Gr.	-
Adj Net Profit	57
BVPS	57.66

Key Financial Parameters

Parameter	2017	2018	2019	2020	2021	2022	2023	2024

Return on Capital Emp. %	13.2	11.78	11.32	6.28	10.86	36.06	11.92	11.58
Op. Profit Mgn %	14.38	13.72	14.55	11.95	15.95	24.1	12.48	13.05
Net Profit Mgn %	6.14	4.57	5.16	1.66	4.24	12.11	6.85	4.53
Debt to Equity %	1.96	1.49	1.46	1.95	1.89	1.15	0.88	1.07

Parameter	2017
Return on Capital Emp. %	13.2
Op. Profit Mgn %	14.38
Net Profit Mgn %	6.14
Debt to Equity %	1.96

Latest Shareholding

No data available

Promoters Holdings Over Time

No data available

About Nitin Spinners Ltd

Nitin Spinners Ltd was incorporated on 15th October, 1992 as a private limited Company with the name Nitin Spinners Pvt Ltd. On November 15, 1994, the company was converted into public limited company and the name was changed to Nitin Spinners Ltd. Nitin Spinners Ltd is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.
The company engaged in the textiles business.
They manufacture the range of yarn which include open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends.
The company offers fabrics in greige form in tubular and open width.
The range includes single jersey, pique structures, interlock structures, rib structures and three thread fleece.

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FAQs for of Nitin Spinners Ltd

What factors influence the share price of Nitin Spinners Ltd over time?

The share price of Nitin Spinners Ltd is influenced by factors such as the company's financial performance, including earnings and revenue, as well as broader economic conditions and market trends. Furthermore, developments in the industry, regulatory changes, and geopolitical events can also impact the share price over time.

What are the key events that typically impact Nitin Spinners Ltd's share price history?

Key events that impact Nitin Spinners Ltd’s share price history include quarterly earnings releases, product launches, leadership changes, economic policies, and geopolitical developments.

How do stock splits affect Nitin Spinners Ltd's share price history?

Stock splits reduce the nominal price of Nitin Spinners Ltd's shares by increasing the number of outstanding shares, which typically makes the stock more accessible to a broader range of investors. Although the total market value of the company remains unchanged after the split, the split can affect investor perception and liquidity, potentially influencing the share price in the longer term.

How do dividends impact the share price history of Nitin Spinners Ltd?

Dividends can influence Nitin Spinners Ltd's share price history by typically causing a temporary dip on the ex-dividend date, as the stock price often adjusts to reflect the dividend payout. Over time, the impact of dividends on the share price may be offset by the company's overall financial performance and market conditions.

How do corporate announcements affect Nitin Spinners Ltd’s share price history?

Corporate announcements such as mergers, acquisitions, or strategic shifts can lead to significant price changes. Any optimistic development news on Nitin Spinners Ltd generally boosts the company’s share price, whereas negative news can lead to a decline in share price.

How can I use technical analysis to understand Nitin Spinners Ltd’s share price history?

To understand Nitin Spinners Ltd’s share price history using technical analysis, examine charts for patterns such as trends, support, and resistance levels, and apply indicators like moving averages or Relative Strength Index (RSI) to gauge potential future movements. Analyze historical data to identify recurring trends and signals that might suggest how the share price could behave under similar conditions.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.

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