Nitin Spinners Ltd.

NSE: NITINSPIN | BSE: 532698 | ISIN: INE229H01012 | Industry: Textiles
| Strong Performer, Under Radar
366.4000 12.25 (3.46%)
NSE Apr 15, 2025 15:31 PM
Volume: 117.8K
 

366.40
3.46%

Nitin Spinners

East India Securities Ltd
Revenue: Nitin Spinner sales increased 48.4% YoY Rs 2.8 bn. The utilisation levels continue to remain high at 94-95% in yarns and 85% in fabrics. Sales growth would have been much higher if the business sentiments would not have been impacted due to GST. EBITDA: Raw material cost increased at a much higher rate due to increase in the cotton prices on an YoY basis, manufacturing and employee cost increased 42% and 28% YoY. EBITDA stood at Rs 413 mn with an increase of 33.7% on YoY basis. PAT: Depreciation cost increased due to impact of full commissioning of new plant capacity. Tax rate...
Nitin Spinners Ltd. is trading below its 100 day SMA of 384.8
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