59.45 1.50 (2.59%)
NSENov 27, 2020 03:31 PM
There are 2 reports from 1 analysts covering Nitin Spinners Ltd. available on trendlyne.com.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-08-11||Nitin Spinners Ltd. +||East India Securities Ltd||39.25||39.25 (51.46%)||Buy|
|2020-06-22||Nitin Spinners Ltd. +||East India Securities Ltd||44.30||96.00||44.30 (34.20%)||61.48||Buy|
|2018-01-29||Nitin Spinners Ltd. +||Choice India||123.50||123.50 (-51.86%)||Buy|
|2017-08-14||Nitin Spinners Ltd. +||East India Securities Ltd||117.70||180.00||117.70 (-49.49%)||Buy|
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...