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Nitin Spinners Ltd P/E Ratio

Nitin Spinners Ltd P/E Ratio

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₹ 1.9 Cr

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48.7 K

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Last Updated time: 22 Jul 9.00 AM

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Nitin Spinners Ltd

NSE: NITINSPIN

PE

16.5

Last updated : 22 Jul 9.00 AM

Key Highlights

    The P/E Ratio of Nitin Spinners Ltd is 16.5 as of 22 Jul 9.00 AM .a1#The P/E Ratio of Nitin Spinners Ltd changed from 7.9 on March 2019 to 7.7 on March 2023 . This represents a CAGR of -0.51% over 5 years. a1#The Latest Trading Price of Nitin Spinners Ltd is ₹ 386.8 as of 19 Jul 15:30 .a1#The PE Ratio of Textiles Industry has changed from -477.5 to 21.1 in 5 years. This represents a CAGR of NaN%a1# The PE Ratio of Automobile industry is 18.5. The PE Ratio of Finance industry is 23.8. The PE Ratio of IT - Software industry is 29.3. The PE Ratio of Retail industry is 143.1. The PE Ratio of Textiles industry is 20.4. In 2024a1#The Market Cap of Nitin Spinners Ltd changed from ₹ 508.79 crore on March 2019 to ₹ 1269 crore on March 2023 . This represents a CAGR of 20.06% over 5 years. a1#The Revenue of Nitin Spinners Ltd changed from ₹ 709.65 crore to ₹ 801.33 crore over 8 quarters. This represents a CAGR of 6.26% a1#The EBITDA of Nitin Spinners Ltd changed from ₹ 109.76 crore to ₹ 116.86 crore over 8 quarters. This represents a CAGR of 3.18% a1#The Net Pr of Nitin Spinners Ltd changed from ₹ 65.58 crore to ₹ 39.17 crore over 8 quarters. This represents a CAGR of -22.72% a1#The Dividend Payout of Nitin Spinners Ltd changed from 11.2 % on March 2019 to 8.53 % on March 2023 . This represents a CAGR of -5.30% over 5 years. a1#

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Historical P/E Ratio of Nitin Spinners Ltd

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share. P/E Ratio Formula P/E ratio = (CMP of share/ Earning per share) Types of Price to Earning Ratio 1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance. 2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

Historical P/E Ratio of Nitin Spinners Ltd

Period
Mar '197.9
Mar '206.6
Mar '216.6
Mar '223.9
Mar '237.7

Company Fundamentals for Nitin Spinners Ltd

Market Cap

2,174 Cr

EPS

23.4

P/E Ratio (TTM) *

16.5

P/B Ratio (TTM) *

1.9

Day’s High

416.0

Day’s Low

382.1

DTE *

1.2

ROE *

11.5

52 Week High

417.6

52 Week Low

225.0

ROCE *

10.5

* All values are consolidated

Last Updated time: 22 Jul 9.00 AM

* All values are consolidated

Last Updated time: 22 Jul 9.00 AM

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Nitin Spinners Ltd

NSE: NITINSPIN

PRICE

386.8

-19.70 (-4.85%)

stock direction

Last updated : 19 Jul 15:30

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PRICE

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

1M

1Y

3Y

5Y

* All values are in Rupees

SWOT Analysis Of Nitin Spinners Ltd

Strength

0

S

Weakness

0

W

Opportunity

0

O

Threats

1

T

Asset Value vs Market Value of Nitin Spinners Ltd

Market Value

2,175

Asset Value

798

1.7 X

Value addition

* All values are in Rupees

Competitive Comparison of P/E Ratio

Company NamePEMarket Cap (INR Cr.)
Nitin Spinners Ltd162,174
Grasim Industries Ltd30180,970
Trident Ltd5418,835
Welspun Living Ltd2416,701
Vardhman Textiles Ltd2315,102
Raymond Ltd813,918

Key Valuation Metric of Nitin Spinners Ltd

Earnings

131 Cr

16.5 X

PE Ratio

Market Cap

₹2174Cr

PE Ratio

PS Ratio

PB Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

Earnings

131 Cr

16.5 X

PE Ratio

Market Cap

₹2174Cr

PE Ratio

PS Ratio

PB Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

PE Ratio of Textiles Industry over time

PE Ratio of Top Sectors

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Historical Market Cap of Nitin Spinners Ltd

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Historical Market Cap of Nitin Spinners Ltd

Period
Mar '19509
Mar '20157
Mar '21456
Mar '221276
Mar '231269

* All values are a in crore

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Historical Revenue of Nitin Spinners Ltd

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Historical Revenue of Nitin Spinners Ltd

Period
Jun '22710
Sep '22507
Dec '22537
Mar '23656
Jun '23618
Sep '23738
Dec '23751
Mar '24801

* All values are a in crore

×

Historical EBITDA of Nitin Spinners Ltd

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

Historical EBITDA of Nitin Spinners Ltd

Period
Jun '22110
Sep '2258
Dec '2260
Mar '2372
Jun '2377
Sep '2382
Dec '23103
Mar '24117

* All values are a in crore

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Historical Net Profit of Nitin Spinners Ltd

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Historical Net Profit of Nitin Spinners Ltd

Period
Jun '2266
Sep '2229
Dec '2232
Mar '2339
Jun '2329
Sep '2332
Dec '2332
Mar '2439

* All values are a in crore

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Historical Dividend Payout of Nitin Spinners Ltd

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Historical Dividend Payout of Nitin Spinners Ltd

Period
Mar '1911
Mar '2015
Mar '2112
Mar '224
Mar '239

* All values are a in %

About Nitin Spinners Ltd

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. The company's range of products are used to manufacture products, such as apparel and garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denim, industrial textiles, medical textiles and socks. In the year 1993, the company set up their first unit at Hamirgarh, Bhilwara (Rajasthan) for manufacturing coarse cotton yarns. They installed two open-end spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex, Czechoslovakia under EPCG scheme. In November 1993, they commenced commercial production. In the year 1994, the company undertook first expansion project involving installation of one Autoconer Machine of 216 Rotors from Schlafhorst AG & Co., Germany and increased the number of Rotors to 600. During the year 1996-97, the company undertook their second expansion project involving acquisition of two Autoconer open-end spinning machines of 240 Rotors each from Schlafhorst AG & Co., Germany and thus increased their capacity to 1080 Rotors. In October 1997, the company commenced commercial production. In September 1998, the company installed two open end spinning machines of 384 Rotors from Elitex, Czechoslovakia with total capital outlay of Rs190 lakh. In January 1999, the company was converted into 100% Export Oriented Unit (EOU), which was awarded by Government of India. In April 2002, the company completed their fourth expansion project which involved installation of 14,112 spindles to produce combed and carded cotton yarns of 20s to 40s count. They also installed 7 knitting machines as a forward integration programme. In November 2004, the company completed their fifth expansion project of adding 13,104 spindles and 6 knitting machines. In February 2005, the company undertook their sixth expansion project which involved addition of 408 Rotors and 2 knitting machines. During the year 2005-06, the company came out with initial public issue to part finance their expansion project. The shares of the company were listed with the Bombay Stock Exchange Ltd and National Stock Exchange Ltd with effect from February 2, 2006. During the year 2006-07, the company implemented expansion project for installation of 50400 spindles, Knitting Machines and F.O. based Power Plant of 7.66 MW. The plant became operational with effect from September 29, 2006. In May 1, 2007, the company commenced the commercial production for expansion of Spinning & Knitting capacity. During the year 2007-08, the company implemented expansion project of Rotor Spinning capacity by addition of 2000 Rotors and in January 31, 2008, they commenced commercial production on expanded capacity. During the year 2008-09, the company commenced commercial production on the coal/ lignite based thermal power project with the installed capacity of 10.50 MW. The Company in 2014-15, expanded spinning and knitting capacity by installing 72,480 spindles and 19 knitting machines costing Rs 281 Cr. and the commercial production on expanded capacity commenced effective on 09.02.2015. After implementation of this, expansion project installed capacity of Company was increased to 150096 Spindles, 2936 Rotors and 49 Knitting Machines. The Company installed an Integrated Textile Unit at Bhanwaria Kalan in the District of Chittaurgarh, Rajasthan at an estimated project cost of Rs 675 Crores in 2017-18. In 2023, the Company has undertaken expansion projects at estimated project cost of Rs. 955 Crores at both the Plants located at Hamirgarh (Bhilwara District) and Bhanwaria Kalan (Chittorgarh District). The commercial production of Weaving & Knitting capacity was commenced w.e.f. 31.03.2023.

Nitin Spinners Ltd News Hub

News

Nitin Spinners to table results

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 22 July 202...

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13 Jul 202413:36

News

Board of Nitin Spinners recommends Final Dividend

Nitin Spinners announced that the Board of Directors of the Company at its meeting held on...

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09 May 202415:30

News

Nitin Spinners to announce Quarterly Result

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 9 May 2024....

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30 Apr 202418:45

News

Nitin Spinners schedules board meeting

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 29 January ...

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17 Jan 202417:23

News

Nitin Spinners EGM scheduled

Nitin Spinners announced that an Extra Ordinary General Meeting (EGM) of the Company will ...

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01 Dec 202317:33

News

Nitin Spinners commences commercial production of expanded capacity at Begun unit

Nitin Spinners announced that commercial production in Ring Spinning Unit of 32640 Compact...

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30 Nov 202318:49

Product Composition by Percentage (Revenue)

FAQs for PE of Nitin Spinners Ltd

What is Nitin Spinners Ltd current share price?

The current market price of Nitin Spinners Ltd as of July 22, 2024 is ₹386.80.

What is Nitin Spinners Ltd's market cap?

Nitin Spinners Ltd's market capitalisation stood at ₹2,174 Cr as of July 22, 2024

What are Nitin Spinners Ltd's total net assets?

According to Nitin Spinners Ltd's most recent financial filings, the company's net assets total ₹798.3 Cr.

Is Nitin Spinners Ltd making a profit or loss?

Nitin Spinners Ltd's net Profit as of July 22, 2024 is close to ₹131 Cr.
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