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Nitin Spinners Limited is currently in a long term uptrend where the price is trading 76.7% above its 200 day moving average.
From a valuation standpoint, the stock is 99.9% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 0.3.
Nitin Spinners Limited's total revenue rose by 16.0% to $5B since the same quarter in the previous year.
Its net income has increased by 300.6% to $232M since the same quarter in the previous year.
Finally, its free cash flow grew by 16.6% to $1B since the same quarter in the previous year.
Based on the above factors, Nitin Spinners Limited gets an overall score of 5/5.
| Sector | Consumer Cyclical |
|---|---|
| Industry | Textile Manufacturing |
| Exchange | NSE |
| CurrencyCode | INR |
| ISIN | INE229H01012 |
| Dividend Yield | 0.0% |
|---|---|
| Beta | -0.16 |
| Market Cap | 19B |
| PE Ratio | 10.77 |
| Target Price | 538 |
Nitin Spinners Limited manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally. The company offers yarn products comprising cotton and poly/cotton blended, ring spun combed and carded, open end, compact, slub, core spun, multifold, twist, gassed, contamination free, and dye-able cheese/cones yarns, as well as yarn products made from Supima Giza, Organic, BCI cotton, and recycled fibres, etc.; and yarns with count range 6 to 100s. Its yarn products are used in woven and knitted apparel, tea bags, furnishing and medical fabrics, denims, and terry tow applications. The company also provides knitted fabrics, such as single jersey, lycra blended fabrics, pique and interlock structures, rib structures, 2T and 3T fleece fabrics, and open width with elastene for use in inner and comfort wear, sportswear, winterwear, and babywear applications. In addition, it offers finished and printed woven fabrics, including cotton spandex, poly/cotton spandex, RFD, bleached, dyed, print and yarn dyed, cotton viscose, and viscose and rayon fabrics; special finishes, such as teflon, wrinkle free, water repellant, nano care, soil release, anti-bacteria finish, aero finish, and bio polish; various weaves, which include twills, gabardines, broken twill, ripstop, canvas, mattie's, ducks, plain tussor, dobby, cord, and ottoman, etc.; and health and eco-friendly fabrics made from BCI/organic cotton. The company's finished and printed woven fabrics are used in fashion and image wear, uniforms, health care and hotel apparel, industrial and protective wear, and defense wear applications. It exports its products to approximately 55 countries. Nitin Spinners Limited was incorporated in 1992 and is headquartered in Bhilwara, India.
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