Nitin Spinners Ltd share price logo

Nitin Spinners Ltd (NITINSPIN)

₹346.61.15%

bell
Get free price alerts. Set up your Free investment account to get Live Prices.
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹337.75
    ₹348.7
  • 52 Week's Low

    52 Week's High

    ₹227
    ₹394.6
1 Month Return+ 0.97 %
3 Month Return+ 12.4 %
1 Year Return+ 27.71 %
Previous Close₹342.65
Open₹343.00
Volume80.15K
Upper Circuit-
Lower Circuit-
Market Cap₹1,926.38Cr

Analyst Rating

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for Nitin Spinners Ltd. An average target of ₹489.5

Source: S&P Global Market Intelligence

Company Information

Nitin Spinners Ltd is an ISO 9001:2008 certified company and a Government of India recognized Export House. Established in 1992 as a private limited company, Nitin specialized in the textiles business, manufacturing 100% cotton yarns and fabrics. The company has set up their first unit at Hamirgarh Bhilwara Rajasthan in 1993 with two openend spinning machines with 192 Rotors each, providing a total capacity of 384 Rotors. Nitin Spinners Ltd gradually expanded their production capacity to 1080 Rotors through addition of one Autoconer Machine of 216 Rotors from Schlafhorst AG Co. Germany and two Autoconer openend spinning machines of 240 Rotors from Schlafhorst AG Co. Germany. Nitin Spinners Ltd also set up 14112 spindles to produce combed and carded cotton yarns of 20s to 40s count and seven knitting machines. They expanded their Rotor Spinning capacity adding 2000 Rotors, and further increased their capacity to 50400 spindles Knitting Machines and F.O. based Power Plant of 7.66 MW. Additionally, the company also commenced commercial production for a coal/ lignite based thermal power project with installed capacity of 10.50 MW. Through these expansions, Nitin Spinners Ltd aims to provide fabrics in greige form for various textiles products like apparel, terry towels, medical textiles, and more.

Share Price: ₹346.60 per share as on 13 Jun, 2024 04:01 PM
Market Capitalisation: ₹1,926.38Cr as of today
Listing date: 02 Feb, 2006
OrganisationNitin Spinners Ltd
Headquarters
IndustryTextiles
E-voting on sharesClick here to vote

Key events for Nitin Spinners Ltd

  • Nitin Spinners Reports Negative Free Cash Flow - 22 May, 2024

    Nitin Spinners reported a profit of ₹1.32b, but its free cash flow indicates it burnt through ₹6.5b in the last year, raising concerns about high risk.

Insights on Nitin Spinners Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, NITINSPIN stock has moved up by 5.4%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 56.41% to 56.46% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.32% to 13.74% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 153.7% return, outperforming this stock by 126.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Raymond Ltd has given 519.5% return, outperforming this stock by 346.8%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 1.09% to 0.70% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 29.17% to 29.11% in Mar 2024 quarter

Mutual Fund Holdings

Funds Holdings
Quant Small Cap Fund Growth Option Direct PlanQuant Small Cap Fund Growth Option Direct Plan0.4%
Bandhan Small Cap Fund Direct GrowthBandhan Small Cap Fund Direct Growth1.37%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth0.28%
Mahindra Manulife Small Cap Fund Direct GrowthMahindra Manulife Small Cap Fund Direct Growth0.77%
Mahindra Manulife Multi Cap Fund Direct Plan GrowthMahindra Manulife Multi Cap Fund Direct Plan Growth0.54%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
56.46%
0.00
Foreign Institutions
0.7%
0.00
Mutual Funds
13.74%
0.00
Retail Investors
29.11%
0.00
Others
0%
0.00

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Nitin Spinners Ltd shares.

Nitin Spinners Ltd (NITINSPIN) share price today is ₹346.6

Nitin Spinners Ltd is listed on NSE

Nitin Spinners Ltd is listed on BSE

  • Today’s highest price of Nitin Spinners Ltd is ₹348.7.
  • Today’s lowest price of Nitin Spinners Ltd is ₹337.75.

Today’s traded volume of Nitin Spinners Ltd(NITINSPIN) is 80.15K.

Today’s market capitalisation of Nitin Spinners Ltd(NITINSPIN) is ₹1926.38Cr.

Nitin Spinners Ltd(NITINSPINPrice
52 Week High
₹394.6
52 Week Low
₹227

Nitin Spinners Ltd(NITINSPIN) share price is ₹346.6. It is down -12.16% from its 52 Week High price of ₹394.6

Nitin Spinners Ltd(NITINSPIN) share price is ₹346.6. It is up 52.69% from its 52 Week Low price of ₹227

Nitin Spinners Ltd(NITINSPINReturns
1 Day Returns
3.95%
1 Month Returns
0.97%
3 Month Returns
12.4%
1 Year Returns
27.71%