Nitin Spinners Ltd

NSE
NITINSPIN •
BUY

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Start SIP in Nitin Spinners Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
74.36% Gain from 52W Low
-0.4
TTM PE Ratio
Above industry Median
15.4
Price to Book Ratio
Above industry Median
2
Dividend yield 1yr %
Below industry Median
0.7
TTM PEG Ratio
PEG TTM is negative
-0.4
RSI
RSI is mid-range
49.6
MFI
MFI is mid-range
50.8

Nitin Spinners Ltd shareholding Pattern

Promoter
56.4%
Foreign Institutions
1.1%
Mutual Funds
13.3%
Domestic Institutions
13.3%
Public
29.2%

Nitin Spinners Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
7
Bearish Moving Averages
9
5Day EMA
359.30
10Day EMA
361.60
12Day EMA
361.90
20Day EMA
360.60
26Day EMA
358.70
50Day EMA
350.30
100Day EMA
333.40
200Day EMA
307.00
Delivery & Volume
Resistance & Support
359.67
Pivot
Resistance
First Resistance
364.78
Second Resistance
371.87
Third Resistance
376.98
Support
First Support
352.58
Second support
347.47
Third Support
340.38
Relative Strength Index
49.59
Money Flow Index
50.75
MACD
3.17
MACD Signal
5.64
Average True Range
15.56
Average Directional Index
18.87
Rate of Change (21)
1.84
Rate of Change (125)
13.16

Nitin Spinners Ltd Company background

Founded in: 1992
Managing director: Dinesh Nolkha
Nitin Spinners Ltd is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics. The company engaged in the textiles business. They manufacture the range of yarn which include open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends. The company offers fabrics in greige form in tubular and open width. The range includes single jersey, pique structures, interlock structures, rib structures and three thread fleece. The companys range of products are used to manufacture products, such as apparel and garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denim, industrial textiles, medical textiles and socks. Nitin Spinners Ltd was incorporated on 15th October, 1992 as a private limited Company with the name Nitin Spinners Pvt Ltd. In the year 1993, the company set up their first unit at Hamirgarh, Bhilwara (Rajasthan) for manufacturing coarse cotton yarns. They installed two openend spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex, Czechoslovakia under EPCG scheme. In November 1993, they commenced commercial production.In the year 1994, the company undertook first expansion project involving installation of one Autoconer Machine of 216 Rotors from Schlafhorst AG Co., Germany and increased the number of Rotors to 600. In November 15, 1994, the company was converted into public limited company and the name was changed to Nitin Spinners Ltd. During the year 199697, the company undertook their second expansion project involving acquisition of two Autoconer openend spinning machines of 240 Rotors each from Schlafhorst AG Co., Germany and thus increased their capacity to 1080 Rotors. In October 1997, the company commenced commercial production. In September 1998, the company installed two open end spinning machines of 384 Rotors from Elitex, Czechoslovakia with total capital outlay of Rs190 lakh. In January 1999, the company was converted into 100% Export Oriented Unit (EOU), which was awarded by Government of India. In April 2002, the company completed their fourth expansion project which involved installation of 14,112 spindles to produce combed and carded cotton yarns of 20s to 40s count. They also installed 7 knitting machines as a forward integration programme. In November 2004, the company completed their fifth expansion project of adding 13,104 spindles and 6 knitting machines. In February 2005, the company undertook their sixth expansion project which involved addition of 408 Rotors and 2 knitting machines.During the year 200506, the company came out with initial public issue to part finance their expansion project. The shares of the company were listed with the Bombay Stock Exchange Ltd and National Stock Exchange Ltd with effect from February 2, 2006.During the year 200607, the company implemented expansion project for installation of 50400 spindles, Knitting Machines and F.O. based Power Plant of 7.66 MW. The plant became operational with effect from September 29, 2006. In May 1, 2007, the company commenced the commercial production for expansion of Spinning Knitting capacity.During the year 200708, the company implemented expansion project of Rotor Spinning capacity by addition of 2000 Rotors and in January 31, 2008, they commenced commercial production on expanded capacity.During the year 200809, the company commenced commercial production on the coal/ lignite based thermal power project with the installed capacity of 10.50 MW.
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Nitin Spinners Ltd FAQs

Nitin Spinners Ltd shares are currently priced at 357.7 on NSE and 357.7 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Nitin Spinners Ltd [NITINSPIN] share was 70.82. The Nitin Spinners Ltd [NITINSPIN] share hit a 1-year low of Rs. 205.15 and a 1-year high of Rs. 394.6.

The market cap of Nitin Spinners Ltd is Rs. 2010.99 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Nitin Spinners Ltd is 15.37 as of 2/29/2024 12:00:00 AM.

The PB ratios of Nitin Spinners Ltd is 1.87 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 13.32% at the end of 2/29/2024 12:00:00 AM.

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