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Nitin Spinners Ltd

Fri 29/08/2025,15:59:30 | NSE : NITINSPIN

₹ 348.408.90 (2.62%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 339.50

Previous Close

₹ 339.50

Volume

71527

Mkt Cap ( Rs. Cr)

₹1958.70

High

₹ 353.15

Low

₹ 333.45

52 Week High

₹ 494.35

52 Week Low

₹ 290.50

Book Value Per Share

₹ 216.59

Dividend Yield

0.86

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Nitin Spinners Ltd

Your Vote -

Buy

86.67%

Hold

8.89%

Sell

4.44%

86.67%

45 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

348.40

2

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0.00

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Bid Total

2

Bid Price

Qty

0.00

0

0.00

0

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Bid Total

0

Option Chain

Analyzes market sentiment, predicts Nitin Spinners Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Nitin Spinners - Analysts/Institutional Investor Meet/Con. Call Updates

    27 Aug 2025, 12:18PM Nitin Spinners Limited has informed the Exchange about Schedule of meet
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    27 Aug 2025, 12:13PM Intimation of Schedule of Institutional Investor meetings under the SEBI (listing Obligations and Disclosure Requirements), Regulations 2015
  • Nitin Spinners - Record Date

    26 Aug 2025, 10:04AM Nitin Spinners Limited has informed the Exchange that Record date for the purpose of Dividend is 30-Aug-2025.
  • Nitin Spinners has declared 30% Final dividend for the financial year March 2025

    21 Aug 2025, 7:00AM Nitin Spinners Ltd. on Tuesday, 13 May 2025, has announced Final dividend of 30 percent on Equity Share, to its shareholders holding shares on the reg
  • Nitin Spinners - Notice For Record Date

    18 Aug 2025, 2:37PM Notice for Record Date
  • Nitin Spinners - Copy of Newspaper Publication

    13 Aug 2025, 10:40AM Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication
  • Nitin Spinners - Business Responsibility and Sustainability Reporting (BRSR)

    11 Aug 2025, 6:01PM Business Responsibility and Sustainability Report Annual Report FY 2024- 25
  • Nitin Spinners - Record Date

    11 Aug 2025, 4:45PM Nitin Spinners Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 30-Aug-2025.
  • Nitin Spinners - Shareholders meeting

    11 Aug 2025, 2:51PM Nitin Spinners Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 06, 2025
  • Nitin Spinners - Notice For Book Closure

    11 Aug 2025, 4:34PM Notice for Book Closure
  • Nitin Spinners - Reg. 34 (1) Annual Report.

    11 Aug 2025, 2:56PM ANNUAL REPORT F.Y 2024-25
  • Nitin Spinners - Notice For 33Rd Annual General Meeting And Annual Report 2024-25

    11 Aug 2025, 2:48PM Notice for 33rd Annual General Meeting and Annual Report 2024-25
  • Nitin Spinners - Analysts/Institutional Investor Meet/Con. Call Updates

    8 Aug 2025, 2:39PM Nitin Spinners Limited has informed the Exchange about Transcript
  • Nitin Spinners - TRANSCRIPT OF ANALYST/INVESTOR EARNING CALL HELD ON 05.08.2025

    8 Aug 2025, 2:30PM TRANSCRIPT OF ANALYST/INVESTOR EARNING CALL HELD ON 05.08.2025
  • Nitin Spinners - Copy of Newspaper Publication

    6 Aug 2025, 11:43AM Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication
  • Nitin Spinners - Copy of Newspaper Publication

    6 Aug 2025, 11:42AM Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication
  • Nitin Spinners - Analysts/Institutional Investor Meet/Con. Call Updates

    6 Aug 2025, 10:35AM Nitin Spinners Limited has informed the Exchange about Link of Recording
  • Nitin Spinners - ANALYST/INVESTOR EARNING CALL AUDIO RECORDING

    6 Aug 2025, 10:24AM ANALYST/INVESTOR EARNING CALL AUDIO RECORDING
  • Nitin Spinners - ANALYST/INVESTOR EARNINGS CALL AUDIO RECORDING

    5 Aug 2025, 7:37PM ANALYST/INVESTOR EARNINGS CALL RECORDING
  • Nitin Spinners - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Aug 2025, 7:31PM Nitin Spinners Limited has informed the Exchange about Link of Recording
  • Nitin Spinners - Outcome of Board Meeting

    5 Aug 2025, 5:30PM Nitin Spinners Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
  • Nitin Spinners - Dividend

    5 Aug 2025, 5:26PM Nitin Spinners Limited has informed the Exchange that Board of Directors at its meeting held on August 05, 2025, recommended Final Dividend of Rs. 3 p
  • Nitin Spinners - Dividend

    5 Aug 2025, 5:19PM Nitin Spinners Limited has informed the Exchange that Board of Directors at its meeting held on August 05, 2025, recommended Final Dividend of 3 per e
  • Nitin Spinners - Investor Presentation

    5 Aug 2025, 2:54PM Nitin Spinners Limited has informed the Exchange about Investor Presentation
  • Nitin Spinners - Change in Management

    5 Aug 2025, 2:35PM Nitin Spinners Limited has informed the Exchange about change in Management
  • Nitin Spinners - Record Date

    5 Aug 2025, 2:32PM Nitin Spinners Limited has informed the Exchange that Record date for the purpose of Dividend is 30-Aug-2025.
  • Nitin Spinners - Un-Audited Financial Results For The Quarter Ended 30Th June, 2025

    5 Aug 2025, 2:26PM Un-Audited Financial Results for the Quarter Ended 30th June, 2025
  • Nitin Spinners - Outcome of Board Meeting

    5 Aug 2025, 2:26PM Nitin Spinners Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Investor Presentation

    5 Aug 2025, 2:59PM Investors Presentation on the Financial Results For the Quarter ended 30th June, 2025 in pursunat to Regualtion 30 of the SEBI (Listing Obligation and
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Change in Management

    5 Aug 2025, 2:34PM Change in Management
  • Nitin Spinners Q1 net profit down 2.68% at Rs 40.99 cr

    5 Aug 2025, 2:30PM The company reported standalone net profit of Rs 40.99 crore for the quarter ended June 30, 2025 as compared to Rs 42.12 crore in the same period last
  • Nitin Spinners - Board Meeting Outcome for Outcome Of Board Meeting Held On 05.08.2025

    5 Aug 2025, 2:30PM Outcome of Board Meeting held on 05.08.2025
  • Nitin Spinners - Retirement

    31 Jul 2025, 5:04PM Nitin Spinners Limited has informed the Exchange about Retirement
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Change in Management

    31 Jul 2025, 5:12PM Change in Senior Management Personnel
  • Nitin Spinners - Analysts/Institutional Investor Meet/Con. Call Updates

    29 Jul 2025, 5:03PM Nitin Spinners Limited has informed the Exchange about Schedule of meet
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    29 Jul 2025, 4:59PM INTIMATION OF SCHEDULE OF INVESTORS CONFERENCE CALL
  • Nitin Spinners - Board Meeting Intimation for INTIMATION FOR BOARD MEETING UNDER REGULATION 29 OF SEBI LISTING OBLIGATION AND

    24 Jul 2025, 11:07AM Nitin Spinners Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2025 ,inter alia, to consider and a
  • Nitin Spinners has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2025

    19 Jul 2025, 7:03AM As of June 2025, 56.62% is owned by Indian Promoters and 43.38% by Public. <p align=justify> Top five Promoters holding highest number of shares of Ni
  • Nitin Spinners - Copy of Newspaper Publication

    16 Jul 2025, 2:22PM Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication
  • Nitin Spinners - Trading Window-XBRL

    30 Jun 2025, 10:13AM NITIN SPINNERS LIMITED has informed the Exchange about Closure of Trading Window
  • Nitin Spinners - Credit Rating- Revision

    27 Jun 2025, 4:47PM Nitin Spinners Limited has informed the Exchange about Credit Rating- Revision
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Credit Rating

    27 Jun 2025, 4:43PM Credit Rating by CARE RATING LIMITED - Outlook upgraded to Positive From Stable
  • Nitin Spinners - Credit Rating

    24 Jun 2025, 2:34PM Nitin Spinners Limited has informed the Exchange about Credit Rating
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Credit Rating

    24 Jun 2025, 2:31PM Re-affirmation of Credit Rating by CARE RATING LIMITED
  • Nitin Spinners - Updates

    2 Jun 2025, 3:07PM Nitin Spinners Limited has informed the Exchange regarding 'Intimation of Acquisition under regulation 30 of the SEBI (Listing Obligations and Disclos
  • Nitin Spinners - Acquisition-XBRL

    2 Jun 2025, 3:02PM NITIN SPINNERS LIMITED has informed the Exchange regarding Acquisition
  • Nitin Spinners - Announcement under Regulation 30 (LODR)-Acquisition

    2 Jun 2025, 2:57PM Intimation of Acquisition under regulation 30 of the SEBI (listing Obligations and Disclosure Requirements), Regulations 2015

Key fundamentals

Evaluate the intrinsic value of Nitin Spinners Ltd stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 2475.9112 2485.4369 2008.6332 1564.3547 1410.5187
Liabilities 2475.9112 2485.4369 2008.6332 1564.3547 1410.5187
Equity 56.22 56.22 56.22 56.22 56.22
Gross Profit 471.4188 377.0584 297.0566 651.6165 257.2592
Net Profit 175.4263 131.5182 164.8105 326.1377 68.8719
Cash From Operating Activities 307.4261 163.4802 193.7646 431.433 154.8704
NPM(%) 5.3 4.52 6.84 12.11 4.23
Revenue 3305.6542 2905.6493 2406.7074 2692.3173 1624.4122
Expenses 2834.2354 2528.5909 2109.6508 2040.7008 1367.153
ROE(%) 14.4 10.8 13.53 26.78 5.65

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
29 Aug 2025 3 30 0.86 389
09 Sep 2024 2.5 25 0.86 351.7
07 Sep 2022 2.5 25 0.86 228
10 Feb 2022 1.5 15 0.86 285.8
08 Sep 2021 1.5 15 0.86 104.25
08 Sep 2020 0.6 6 0.86 36.95
12 Sep 2019 1.25 12.5 0.86 81.7
12 Sep 2018 1.2 12 0.86 98.5
24 Aug 2017 1.2 12 0.86 108.85
15 Sep 2016 1 10 0.86 66.8
15 Sep 2015 1 10 0.86 46.85
02 Sep 2014 0.75 7.5 0.86 17.35

Peers

Other companies within the same industry or sector that are comparable to Nitin Spinners Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
SEL Manufacturing Company Ltd 29.41 -1.70 0.00 1151.60 -394.51 0.00
Gangotri Textile Ltd 0.60 3.45 0.00 1133.36 -0.44 0.00
SPL Industries Ltd 40.23 0.05 14.37 1007.89 33.76 0.00
AB Cotspin India Ltd 415.35 -0.97 56.20 364.52 62.20 0.00

Company Info

The Company was incorporated as a private limited Company on 15th October, 1992 under the Companies Act, 1956 in the state of Rajasthan having the name "Nitin Spinners Private Limited". Subsequently, The Company was converted into a public limited company on 15th November, 1994 and the name was changed to Nitin Spinners Limited. The individual Promoters of our Company are Mr. R. L. Nolkha, Mr. Dinesh Nolkha and Mr. Nitin Nolakha. The Company is presently engaged in the manufacturing of cotton yarn and knitted fabrics.It has grown by undertaking expansions at regular intervals to reach at our present capacity of 27216 spindles, 1872 Rotors and 15 knitting machines. It has installed Plant & Machineries imported from known textile machinery manufacturers like Rieter (Switzerland), Savio (Italy), Mayer & Cie (Germany), Elitex (Czechoslovakia). It has also installed Plant & Machineries purchased locally from manufacturers like Laxmi Machine Works. The first unit was set-up in the year 1993 at Hamirgarh, Bhilwara (Rajasthan) for manufacturing coarse cotton yarns. It installed two open-end spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex, Czechoslovakia under EPCG scheme. The total capital outlay towards the project was Rs. 285.50 Lacs, which was financed by way of a Term Loan of Rs. 150 Lacs from RIICO, Equity Share Capital of Rs. 86 Lacs from Promoters, Unsecured Loans of Rs. 14.50 Lacs from Promoters and State Subsidy of Rs. 35 Lacs. The commercial production of this project was commenced in November 1993. Subsequently in the year 1994, it undertook our 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 . The total capital outlay towards this project was Rs. 400 Lacs, which was financed by Rupee Term Loan of Rs. 84 Lacs and Foreign Currency Loan of DM 905,000 equivalent to Rs.185 Lacs from ICICI, Equity Share Capital of Rs. 20 Lacs and Rs. 56 Lacs from RIICO and Promoters respectively and Internal Accruals of Rs. 55 Lacs. The commercial production of this expansion project was commenced in May 1995. It undertook our second expansion project in the year 1996-97. The expansion project involved acquisition of two Autoconer open-end spinning machines of 240 Rotors each from Schlafhorst AG & Co., Germany, increasing our capacity to 1080 Rotors. The total capital outlay towards this project was Rs.1,100 Lacs, which was financed by Foreign Currency Loan of DM 13,50,000 equivalent to about Rs.324 Lacs & Rupee Term Loan of Rs. 336 Lacs from IDBI, Equity Share Capital of Rs. 200 Lacs from Promoters and Internal Accruals of Rs. 240 Lacs. The project was implemented ahead of schedule and commenced commercial production from 05th October, 1997 as against the expected schedule of January 1998. It undertook the company's r third expansion in the year 1998-99. The expansion scheme involved two open end spinning machines of 384 Rotors from Elitex, Czechoslovakia. The total capital outlay of the project was Rs.190 Lacs, which was financed by way of Term Loan of Rs.140 Lacs from RIICO, and Rs. 50 Lacs from Internal Accruals. The expansion was carried out mainly for balancing of excess capacity available at preparatory stage. The machines were installed in September, 1998. Based on growth in export performance, The Company was converted into 100% Export Oriented Unit (EOU) from 15th January 1999. It has been awarded export house status by Government of India in the year 1999. It undertook our fourth expansion project in the year 1999. This expansion project involved installation of 14,112 spindles to produce combed and carded cotton yarns of 20s to 40s count. At this expansion phase, it also went for forward integration programme by installing 7 knitting machines. The total capital outlay of the project was Rs. 5,018 Lacs. The project was financed by way of Rupee Term Loan of Rs.3,601 Lacs from the following banks: IDBI - Rs.1665 Lacs, IOB - Rs.775 Lacs, OBC - Rs. 608 Lacs and PNB - Rs.553 Lacs; Equity Share Capital of Rs.850 Lacs from Promoters, Unsecured Loan of Rs.50 Lacs from Promoters and Internal Accruals of Rs. 517 Lacs. The entire project was financed under Technology Upgradation Funds Scheme (TUFS) of Government of India. The commercial production of this expansion project was commenced on 1st April 2002. In order to augment long-term working capital requirement of our Company arising due to this expansion project, IDBI sanctioned financial assistance of Rs.150 Lacs by way of subscription to 1,50,000 13.5% Cumulative Redeemable Preference Shares of Rs.100 each, which was subsequently reduced to 10.25% on 1st June 2004. It undertook our fifth expansion project in the year 2003.The total capital outlay of this project was Rs. 3,550 Lacs. This expansion project envisaged addition of 13,104 spindles and 6 knitting machines. The project was financed by way of Equity Share Capital of Rs. 700 Lacs from Promoters; Internal Accruals of Rs. 400 Lacs and Term Loan from IDBI, OBC, PNB and IOB aggregating Rs. 600 Lacs, Rs. 400 Lacs, Rs. 750 Lacs and Rs. 700 Lacs respectively. This project, which was expected to be completed by September 2005, was actually completed before time in November 2004. It undertook Its sixth expansion project in February 2005. This expansion project involved addition of 408 Rotors and 2 knitting machines. The capital outlay of this project was Rs.250 Lacs, which was financed from internal accrual. Thus, within span of 12 years,it has increased the company's production facilities from 384 Rotors in year 1993 to present production facilities of 27216 spindles, 1872 Rotors and 15 knitting machines. The company's products are suitable for applications such as apparels, undergarments, Terry Towels, Denims, Medical Fabrics, Furnishing Fabrics and Industrial Fabrics. The Company's products are presently sold in the domestic market as well as exported to various countries like Australia, Bahrain, China, Colombia, Egypt, Israel, Italy, Korea, Mauritius, Russia, Poland, U.K., U.S.A., etc. Some of our major international customers are Arad Towels and SVAV-OR Ltd. (Israel), EDPA (USA), Gobind & Co. and City Styles (LEIC) Ltd. (UK), Emi-Maglia S.p.a. (Italy), Hong Kong Shanghai Knit Factory Ltd. (Mauritius), Zheing Feng Weaving Factory (China), OOO Transexport (Russia), Sharda Europe SP. ZO.O (Poland), MT Sullivan and Co. (Australia). The company's major Indian customers includes Arvind Mills, Adani Exports Ltd., Modern Denim Ltd., Maral Overseas Ltd., Ginni International Ltd., Vanasthali Tex. Ind. Ltd., Datt Mediproducts Ltd., Sheena Textiles Ltd., Lahoti Overseas Ltd. and L. M. Sagar Exports. 2009 - Nitin Spinners Limited has informed that: "The IDBI Bank Ltd. vide its Letter No. SS-1C9.53/596/Nom.8 dated 07-02-09 has appointed Shri Saumya Sanker Banerjee, General Manager as Nominee Director of our Company in place of Shri B.P. Singh w.e.f. 21-02-2009." 2014 -Dr. R. Chattopadhyay and Smt. Aditi Mehta has joined Board of the Company as Additional Director -Nitin Spinners - Financial Closure of Rs. 286 Crore Expansion Project The Comapny has recommended dividend @ 7.50% i.e. Rs. 0.75 per share for the financial year 2013-14 2015 -Nitin Spinners gets Award for Export Excellence from Rajasthan government. -Nitin Spinners gets Award for Energy Conservation. 2016 -Nitin Spinners has been awarded followings by The Cotton Textiles Export Promotion Council: *Bronze Trophy for the third Highest Exports of "Cotton Yarn Counts 50s and below" under category II for achieving exports turnover of Rs. 434 Crores during the F.Y. 2015-16. *Bronze Plaque for the Third Highest Exports of "Grey Fabrics" under Category I for achieving exports turnover of Rs. 50 Crores during the F.Y. 2015-16. *Sh. Dinesh Nolkha, Managing Director of the Company received awards from Commissioner of Textiles at a function held in Mumbai on October 21, 2016. 2020 -Commencement of Commercial Production of Finished Fabric Division. 2021 -Nitin Spinners The Cotton Textiles Export Promotion Council (TEXPROCIL) - Awards For Export Performance. 2022 -Nitin Spinners awarded Gold Trophies For Export Performance Award By The Cotton Textiles Export Promotion Council. 2024 -Nitin Spinners Limited Has Informed The Exchange Regarding 'Texprocil Awards For The Year 2021-22 And 2022-23'.

The Company was incorporated as a private limited Company on 15th October, 1992 under the Companies Act, 1956 in the state of Rajasthan having the name "Nitin Spinners Private Limited". Subsequently, The Company was converted into a public limited company on 15th November, 1994 and the name was changed to Nitin Spinners Limited. The individual Promoters of our Company are Mr. R. L. Nolkha, Mr. Dinesh Nolkha and Mr. Nitin Nolakha. The Company is presently engaged in the manufacturing of cotton yarn and knitted fabrics.It has grown by undertaking expansions at regular intervals to reach at our present capacity of 27216 spindles, 1872 Rotors and 15 knitting machines. It has installed Plant & Machineries imported from known textile machinery manufacturers like Rieter (Switzerland), Savio (Italy), Mayer & Cie (Germany), Elitex (Czechoslovakia). It has also installed Plant & Machineries purchased locally from manufacturers like Laxmi Machine Works. The first unit was set-up in the year 1993 at Hamirgarh, Bhilwara (Rajasthan) for manufacturing coarse cotton yarns. It installed two open-end spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex, Czechoslovakia under EPCG scheme. The total capital outlay towards the project was Rs. 285.50 Lacs, which was financed by way of a Term Loan of Rs. 150 Lacs from RIICO, Equity Share Capital of Rs. 86 Lacs from Promoters, Unsecured Loans of Rs. 14.50 Lacs from Promoters and State Subsidy of Rs. 35 Lacs. The commercial production of this project was commenced in November 1993. Subsequently in the year 1994, it undertook our 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 . The total capital outlay towards this project was Rs. 400 Lacs, which was financed by Rupee Term Loan of Rs. 84 Lacs and Foreign Currency Loan of DM 905,000 equivalent to Rs.185 Lacs from ICICI, Equity Share Capital of Rs. 20 Lacs and Rs. 56 Lacs from RIICO and Promoters respectively and Internal Accruals of Rs. 55 Lacs. The commercial production of this expansion project was commenced in May 1995. It undertook our second expansion project in the year 1996-97. The expansion project involved acquisition of two Autoconer open-end spinning machines of 240 Rotors each from Schlafhorst AG & Co., Germany, increasing our capacity to 1080 Rotors. The total capital outlay towards this project was Rs.1,100 Lacs, which was financed by Foreign Currency Loan of DM 13,50,000 equivalent to about Rs.324 Lacs & Rupee Term Loan of Rs. 336 Lacs from IDBI, Equity Share Capital of Rs. 200 Lacs from Promoters and Internal Accruals of Rs. 240 Lacs. The project was implemented ahead of schedule and commenced commercial production from 05th October, 1997 as against the expected schedule of January 1998. It undertook the company's r third expansion in the year 1998-99. The expansion scheme involved two open end spinning machines of 384 Rotors from Elitex, Czechoslovakia. The total capital outlay of the project was Rs.190 Lacs, which was financed by way of Term Loan of Rs.140 Lacs from RIICO, and Rs. 50 Lacs from Internal Accruals. The expansion was carried out mainly for balancing of excess capacity available at preparatory stage. The machines were installed in September, 1998. Based on growth in export performance, The Company was converted into 100% Export Oriented Unit (EOU) from 15th January 1999. It has been awarded export house status by Government of India in the year 1999. It undertook our fourth expansion project in the year 1999. This expansion project involved installation of 14,112 spindles to produce combed and carded cotton yarns of 20s to 40s count. At this expansion phase, it also went for forward integration programme by installing 7 knitting machines. The total capital outlay of the project was Rs. 5,018 Lacs. The project was financed by way of Rupee Term Loan of Rs.3,601 Lacs from the following banks: IDBI - Rs.1665 Lacs, IOB - Rs.775 Lacs, OBC - Rs. 608 Lacs and PNB - Rs.553 Lacs; Equity Share Capital of Rs.850 Lacs from Promoters, Unsecured Loan of Rs.50 Lacs from Promoters and Internal Accruals of Rs. 517 Lacs. The entire project was financed under Technology Upgradation Funds Scheme (TUFS) of Government of India. The commercial production of this expansion project was commenced on 1st April 2002. In order to augment long-term working capital requirement of our Company arising due to this expansion project, IDBI sanctioned financial assistance of Rs.150 Lacs by way of subscription to 1,50,000 13.5% Cumulative Redeemable Preference Shares of Rs.100 each, which was subsequently reduced to 10.25% on 1st June 2004. It undertook our fifth expansion project in the year 2003.The total capital outlay of this project was Rs. 3,550 Lacs. This expansion project envisaged addition of 13,104 spindles and 6 knitting machines. The project was financed by way of Equity Share Capital of Rs. 700 Lacs from Promoters; Internal Accruals of Rs. 400 Lacs and Term Loan from IDBI, OBC, PNB and IOB aggregating Rs. 600 Lacs, Rs. 400 Lacs, Rs. 750 Lacs and Rs. 700 Lacs respectively. This project, which was expected to be completed by September 2005, was actually completed before time in November 2004. It undertook Its sixth expansion project in February 2005. This expansion project involved addition of 408 Rotors and 2 knitting machines. The capital outlay of this project was Rs.250 Lacs, which was financed from internal accrual. Thus, within span of 12 years,it has increased the company's production facilities from 384 Rotors in year 1993 to present production facilities of 27216 spindles, 1872 Rotors and 15 knitting machines. The company's products are suitable for applications such as apparels, undergarments, Terry Towels, Denims, Medical Fabrics, Furnishing Fabrics and Industrial Fabrics. The Company's products are presently sold in the domestic market as well as exported to various countries like Australia, Bahrain, China, Colombia, Egypt, Israel, Italy, Korea, Mauritius, Russia, Poland, U.K., U.S.A., etc. Some of our major international customers are Arad Towels and SVAV-OR Ltd. (Israel), EDPA (USA), Gobind & Co. and City Styles (LEIC) Ltd. (UK), Emi-Maglia S.p.a. (Italy), Hong Kong Shanghai Knit Factory Ltd. (Mauritius), Zheing Feng Weaving Factory (China), OOO Transexport (Russia), Sharda Europe SP. ZO.O (Poland), MT Sullivan and Co. (Australia). The company's major Indian customers includes Arvind Mills, Adani Exports Ltd., Modern Denim Ltd., Maral Overseas Ltd., Ginni International Ltd., Vanasthali Tex. Ind. Ltd., Datt Mediproducts Ltd., Sheena Textiles Ltd., Lahoti Overseas Ltd. and L. M. Sagar Exports. 2009 - Nitin Spinners Limited has informed that: "The IDBI Bank Ltd. vide its Letter No. SS-1C9.53/596/Nom.8 dated 07-02-09 has appointed Shri Saumya Sanker Banerjee, General Manager as Nominee Director of our Company in place of Shri B.P. Singh w.e.f. 21-02-2009." 2014 -Dr. R. Chattopadhyay and Smt. Aditi Mehta has joined Board of the Company as Additional Director -Nitin Spinners - Financial Closure of Rs. 286 Crore Expansion Project The Comapny has recommended dividend @ 7.50% i.e. Rs. 0.75 per share for the financial year 2013-14 2015 -Nitin Spinners gets Award for Export Excellence from Rajasthan government. -Nitin Spinners gets Award for Energy Conservation. 2016 -Nitin Spinners has been awarded followings by The Cotton Textiles Export Promotion Council: *Bronze Trophy for the third Highest Exports of "Cotton Yarn Counts 50s and below" under category II for achieving exports turnover of Rs. 434 Crores during the F.Y. 2015-16. *Bronze Plaque for the Third Highest Exports of "Grey Fabrics" under Category I for achieving exports turnover of Rs. 50 Crores during the F.Y. 2015-16. *Sh. Dinesh Nolkha, Managing Director of the Company received awards from Commissioner of Textiles at a function held in Mumbai on October 21, 2016. 2020 -Commencement of Commercial Production of Finished Fabric Division. 2021 -Nitin Spinners The Cotton Textiles Export Promotion Council (TEXPROCIL) - Awards For Export Performance. 2022 -Nitin Spinners awarded Gold Trophies For Export Performance Award By The Cotton Textiles Export Promotion Council. 2024 -Nitin Spinners Limited Has Informed The Exchange Regarding 'Texprocil Awards For The Year 2021-22 And 2022-23'.

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Parent Organisation

Nitin Spinners Ltd.

Founded

15/10/1992

Managing Director

Mr.Nitin Nolakha

NSE Symbol

NITINSPINEQ

FAQ

The current price of Nitin Spinners Ltd is ₹ 348.40.

The 52-week high for Nitin Spinners Ltd is ₹ 353.15 and the 52-week low is ₹ 333.45.

The market capitalization of Nitin Spinners Ltd is currently ₹ 1958.70. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Nitin Spinners Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Nitin Spinners Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Nitin Spinners Ltd shares.

The CEO of Nitin Spinners Ltd is Mr.Nitin Nolakha, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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