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1 Comment
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 | 10.76 |
| Target Price | 538 |
Nitin Spinners Limited manufactures cotton and blended yarns, and knitted and woven fabrics in India and internationally. The company offers yarns, including cotton compact ring spun combed and carded, cotton ring spun carded, cotton blended ring spun, cotton blended and open end, multi-fold ring spun-combed, compact, and carded, compact and fancy slub, compact and core spun, "S' and "Z', zero, and eli twist, gassed, and organic cotton, as well as BCI/TBC, Supima, Giza, CMIA, RegenAgri, fair trade, and regenerative cotton certified, made out of recycled fibres, dye-able cheese/cones-soft package, and count range 6 to 100s. It also provides knitted fabrics, such as single jersey, lycra blended fabrics, pique, interlock, and rib structures, as well as 2 and 3 T fleece fabrics and open width with elastene. In addition, the company provides finished and printed woven fabrics, including poly and cotton spandex, RFD, bleached, dyed, print, and yarn dyed, cotton visocse, and viscose and rayon; 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, ottoman; and health and eco-friendly fabrics made from BCI/organic cotton. It exports its products and serves various applications, including woven and knitted apparels, furnishing and medical fabrics, terry towels, denims, tea bags; inner, comfort, sports, winter, and baby wears; and fashion and image, industrial and protective, and defence wears, as well as health care and hotel apparels, and uniforms. The company was incorporated in 1992 and is headquartered in Bhilwara, India.
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