|
13 Jul 2025 |
Nitin Spinners
|
Consensus Share Price Target
|
385.50 |
602.00 |
- |
56.16 |
buy
|
|
|
|
|
24 Jul 2024
|
Nitin Spinners
|
East India Securities Ltd
|
385.50
|
502.00
|
432.15
(-10.79%)
|
30.22 |
Buy
|
|
|
Gross margin was 37.2% (up by 252 bps yoy/ 123 bps qoq). NSL reported a cash profit of Rs78 mn. Exports contributed ~64% of revenue in Q1FY25.
|
|
29 Aug 2023
|
Nitin Spinners
|
ICICI Direct
|
385.50
|
360.00
|
314.05
(22.75%)
|
Target met |
Buy
|
|
|
|
|
10 May 2023
|
Nitin Spinners
|
ICICI Direct
|
385.50
|
290.00
|
251.60
(53.22%)
|
Target met |
Buy
|
|
|
|
|
05 Jan 2023
|
Nitin Spinners
|
ICICI Direct
|
385.50
|
290.00
|
206.40
(86.77%)
|
Target met |
Buy
|
|
|
|
|
17 May 2022
|
Nitin Spinners
|
East India Securities Ltd
|
385.50
|
740.00
|
220.45
(74.87%)
|
|
Buy
|
|
|
|
|
11 Aug 2020
|
Nitin Spinners
|
East India Securities Ltd
|
385.50
|
|
39.25
(882.17%)
|
|
Buy
|
|
|
|
|
22 Jun 2020
|
Nitin Spinners
|
East India Securities Ltd
|
385.50
|
96.00
|
44.30
(770.20%)
|
Target met |
Buy
|
|
|
|
|
29 Jan 2018
|
Nitin Spinners
|
Choice India
|
385.50
|
|
123.50
(212.15%)
|
|
Buy
|
|
|
resulting into a total of 63 machines and a production capacity of 9000TPA. Relative Capital Market Strength NSL has a domestic as well as international clientele which include companies such...
|
|
14 Aug 2017
|
Nitin Spinners
|
East India Securities Ltd
|
385.50
|
180.00
|
117.70
(227.53%)
|
|
Buy
|
|
|
Nitin Spinners
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...
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