Nitin Spinners, a smallcap stock and a Rajasthan-based cotton and yarn exports company, has been on the uptrend recently, hitting a new 52 week high this week and trading above all averages. Company revenue and net profit growth YoY has grown in double digits, 30% and 42% respectively.

Promoter shareholding has increased slightly in December 2016, and there are no pledges on the stock. The debt for the company has been fairly manageable, and has improved its debt to equity, bringing it down from 1.77 to 1.71 over the past three years.

Besides financial performance, investors have turned bullish on the company due to growing export demand, and the company has increased its spindles in February 2017 by 48%, taking production from 38,000 TPA of yarn to 50,000 TPA. The price/book value is under 3 for this small-cap company, which makes it a good stock for value investors even at its current pricing, considering the underlying strength.