Nitin Spinners Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,642 Cr
- P/E
- 17.20
- ROE
- 12.76%
- PEG
- 6.50
- Price to sales
- 1.11
- Debt to equity
- 0.76
- 52W high / low
- ₹655 / ₹305
- Sales growth (5Y)
- 14.61%
- EBITDA margin
- 15.08%
- Net profit margin
- 5.53%
- Promoter holding
- 56.71%
- Sales (last year)
- ₹3,296 Cr
Founded in 1992 in Bhilwara of Rajasthan, Nitin Spinners is India’s leading manufacturer of cotton yarn, knitted fabrics and finished woven fabrics.
Guidance scorecard · Q1 FY27 call
What Nitin Spinners Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ1 FY27 call
10–20%- Nitin Spinners has consistently grown at a CAGR of ~15% over any 3-5 year period and aims to maintain it.
- New fabric capacity is expected to increase revenues by around INR 500 crores, with ramp-up mostly completed by FY28.
- Revenue from fabric to rise from around INR 700 crores to INR 1,200 crores by FY28.
- Capacity expansions will be focused on spinning, fabric, and possibly garmenting/home textiles beyond FY28.
- The integrated fabric share in total revenue expected to increase from 20-21% to about 30%, adding 100-150 bps to margins.
- Growth will depend on market conditions, capitalizing on FTAs, and expansion into value-added and downstream segments like garments.
2 more points from Nitin Spinners Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Nitin Spinners Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- New capacity capex of around INR1,100 crores is underway, expected to complete by FY28.
- Weaving capacity to start in a couple of months; processing capacity by around Diwali; spinning capacity ramp-up ongoing.
- New fabric capacity expected to contribute incremental revenues of about INR500 crores by FY28.
- No new capex planned for FY28 beyond ongoing projects.
- Expansion includes about 22,000 metric tons of additional yarn capacity, with 60%+ planned for internal fabric consumption.
- Renewable power expansion on track to be operational by end of Q3 FY27, aiming to reduce blended power costs.
2 more points from Nitin Spinners Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Nitin Spinners Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company is witnessing a positive market environment with sustained demand.
- New capacities for spinning, weaving, and fabric processing are expected to be operational within the next few months, aiding order fulfillment.
- Management indicates a cautious but optimistic approach to capacity ramp-up and market expansion.
- They expect to maintain margins in the 16%-20% range, supported by product mix improvement and cost savings.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Nitin Spinners Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Nitin Spinners Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 655 | 617 | 737 | 750 | 801 | 803 | 823 | 839 | 841 | 793 | 760 | 801 | 860 |
| Expenses + | 584 | 541 | 655 | 648 | 684 | 684 | 707 | 722 | 721 | 682 | 661 | 689 | 729 |
| Operating Profit | 71 | 76 | 82 | 103 | 116 | 119 | 115 | 117 | 120 | 111 | 100 | 112 | 130 |
| OPM % | 11% | 12% | 11% | 14% | 15% | 15% | 14% | 14% | 14% | 14% | 13% | 14% | 15% |
| Other Income + | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 |
| Interest | 10 | 15 | 15 | 25 | 28 | 27 | 22 | 21 | 21 | 21 | 16 | 17 | 17 |
| Depreciation | 21 | 23 | 24 | 35 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Profit before tax | 41 | 39 | 43 | 43 | 53 | 57 | 57 | 60 | 63 | 55 | 47 | 58 | 78 |
| Tax % | 5% | 26% | 26% | 26% | 26% | 26% | 26% | 25% | 27% | 26% | 26% | 24% | 27% |
| Net Profit + | 39 | 29 | 32 | 32 | 39 | 42 | 42 | 45 | 46 | 41 | 35 | 44 | 57 |
| EPS in Rs | 6.86 | 5.14 | 5.64 | 5.65 | 6.97 | 7.49 | 7.50 | 7.97 | 8.25 | 7.29 | 6.19 | 7.90 | 10.20 |
Financials of Nitin Spinners Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 616 | 766 | 933 | 1,145 | 1,241 | 1,436 | 1,622 | 2,690 | 2,404 | 2,902 | 3,300 | 3,214 |
| Expenses + | 516 | 629 | 799 | 990 | 1,062 | 1,266 | 1,365 | 2,039 | 2,107 | 2,525 | 2,829 | 2,761 |
| Operating Profit | 100 | 137 | 133 | 155 | 178 | 170 | 257 | 652 | 297 | 377 | 471 | 453 |
| OPM % | 16% | 18% | 14% | 14% | 14% | 12% | 16% | 24% | 12% | 13% | 14% | 14% |
| Other Income + | 4 | 1 | 1 | 2 | 3 | 2 | 2 | -3 | 3 | 2 | 4 | 5 |
| Interest | 23 | 33 | 22 | 30 | 29 | 56 | 62 | 55 | 38 | 83 | 90 | 71 |
| Depreciation | 28 | 40 | 42 | 56 | 55 | 81 | 91 | 87 | 87 | 118 | 148 | 148 |
| Profit before tax | 54 | 65 | 70 | 71 | 97 | 36 | 107 | 506 | 176 | 178 | 237 | 239 |
| Tax % | 24% | 32% | 18% | 27% | 34% | 33% | 35% | 36% | 6% | 26% | 26% | 26% |
| Net Profit + | 41 | 44 | 57 | 52 | 64 | 24 | 69 | 326 | 165 | 132 | 175 | 178 |
| EPS in Rs | 8.94 | 9.63 | 12.51 | 9.43 | 11.40 | 4.24 | 12.25 | 58.01 | 29.32 | 23.39 | 31.20 | 31.58 |
| Dividend Payout % | 11% | 10% | 10% | 13% | 11% | 14% | 12% | 4% | 9% | 11% | 10% | 10% |
Financials of Nitin Spinners Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 46 | 46 | 46 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| Reserves | 121 | 160 | 218 | 361 | 426 | 438 | 507 | 820 | 973 | 1,090 | 1,255 | 1,415 |
| Borrowings + | 378 | 352 | 568 | 449 | 860 | 1,040 | 962 | 689 | 980 | 1,339 | 1,165 | 1,124 |
| Other Liabilities + | 65 | 77 | 53 | 63 | 93 | 111 | 151 | 260 | 209 | 231 | 256 | 319 |
| Total Liabilities | 610 | 635 | 885 | 929 | 1,436 | 1,645 | 1,676 | 1,824 | 2,218 | 2,717 | 2,732 | 2,915 |
| Fixed Assets + | 417 | 382 | 613 | 570 | 524 | 1,140 | 1,060 | 1,012 | 1,011 | 1,709 | 1,577 | 1,489 |
| CWIP | 0 | 17 | 0 | 4 | 468 | 0 | 2 | 0 | 340 | 2 | 7 | 102 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Other Assets + | 193 | 236 | 272 | 355 | 445 | 506 | 615 | 812 | 867 | 1,005 | 1,148 | 1,306 |
| Total Assets | 610 | 635 | 885 | 929 | 1,436 | 1,645 | 1,676 | 1,824 | 2,218 | 2,717 | 2,732 | 2,915 |
Financials of Nitin Spinners Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 45 | 100 | 54 | 66 | 104 | 98 | 155 | 431 | 194 | 163 | 307 | 411 |
| Cash from Investing Activity + | -219 | -36 | -241 | -20 | -483 | -217 | -11 | -86 | -433 | -426 | -22 | -287 |
| Cash from Financing Activity + | 176 | -65 | 188 | -47 | 382 | 116 | -144 | -345 | 239 | 262 | -279 | -128 |
| Net Cash Flow | 1 | -0 | 1 | -1 | 3 | -3 | -0 | 0 | -0 | 0 | 7 | -4 |
| Free Cash Flow | -175 | 65 | -188 | 46 | -380 | -119 | 143 | 345 | -240 | -262 | 286 | 119 |
| CFO/OP | 56% | 83% | 52% | 53% | 69% | 64% | 66% | 82% | 83% | 50% | 76% | 103% |
Financials of Nitin Spinners Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 19 | 19 | 28 | 36 | 39 | 37 | 33 | 34 | 40 | 48 | 49 |
| Inventory Days | 90 | 90 | 105 | 103 | 99 | 96 | 137 | 100 | 110 | 108 | 105 | 110 |
| Days Payable | 9 | 10 | 11 | 13 | 15 | 15 | 21 | 20 | 12 | 14 | 16 | 18 |
| Cash Conversion Cycle | 105 | 99 | 113 | 118 | 119 | 120 | 153 | 113 | 132 | 134 | 137 | 141 |
| Working Capital Days | 32 | 31 | 22 | 54 | 37 | 16 | 28 | 46 | 40 | 43 | 51 | 44 |
| ROCE % | 18% | 18% | 13% | 12% | 11% | 6% | 11% | 37% | 12% | 12% | 13% | 12% |
Guidance history
How Nitin Spinners Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | None planned | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
89 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +93.5% | 93% |
| Last 6 months | +40.3% | 85% |
| Last 3 months | +23.4% | 88% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Nitin Spinners Ltd: 0.4 × 93 + 0.4 × 85 + 0.2 × 88 = 89.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Nitin Spinners Ltd's management said in earlier quarters
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