NITINSPIN

Nitin Spinners share price & financials

Price
₹550.35
Market cap
₹3.1k Cr
Sector
Textiles
Calls analysed
6
Latest concall · Q1 FY27 · call held 10 Aug 2026

Nitin Spinners Limited Q1 FY27

Revenue ₹875 cr +10%EBITDA ₹155.6 cr +40%EBITDA Margin 17.78% PAT ₹75.3 cr +84%

What went well

  • Highest ever quarterly revenue for second time in a row at ₹875 crores, a growth of 10.3% YoY and 1.8% QoQ.
  • EBITDA before other income stood at ₹155.6 crores, a growth of 39.85% YoY and 19.3% QoQ.
  • EBITDA margin expanded by 376 bps YoY to 17.78% from 14.02% in Q1 FY26.

What to watch

  • Yarn volumes de-grew QoQ and YoY, attributed by management to higher internal consumption by fabric division and logistics challenges, not reduced sales.
  • Fabric business margins are currently only passing through raw material increases, not improving beyond that, unlike the yarn business.
Read the full call →

What Nitin Spinners Limited does

Nitin Spinners is an integrated textile manufacturer that spins cotton and blended yarns and converts part of that yarn into knitted and greige/finished woven fabrics, running the process from spinning through weaving, knitting, dyeing and finishing at its two plants in Bhilwara and Chittorgarh, Rajasthan. It sells to both domestic and global apparel, home-textile and industrial-textile brands rather than under its own consumer brand, with products reaching customers in 55+ countries. The company has also added captive renewable (solar) power generation to supply part of its manufacturing energy needs.

Segments

  • Yarn
  • Fabrics
  • Others
Installed spindles
4,34,832 spindles
Installed rotors
5,864 rotors
Airjet spinning positions
264 positions
Airjet weaving machines
231 machines
Circular knitting machines
77 machines
Manufacturing plants
2 plants, located at Bhilwara and Chittorgarh, Rajasthan
Founded 1992Headquarters 16-17 Km. Stone, Chittor Road, Hamirgarh, Bhilwara - 311025, RajasthanEmployees 6,736 (FY26) Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 2 delivered 2 missed 13 open
  • Long-term Margin Target delivered said Q4 FY25 Promised: Margins should be in the range of 16% to 20%, depending on the cycle time. Q1 FY27: Achieved EBITDA margin of 17.78%, which is within the target range. Management reiterated confidence in remaining in this band.
  • Peak Debt and Debt-to-Equity went quiet said Q4 FY25 Promised: Peak debt of about INR 1,800 crores... debt to equity should be around 1:1. Q1 FY27: No specific update on peak debt or D/E ratio was provided. Management only mentioned taking on loans for growth.
  • Incremental Revenue from Capex revised down said Q4 FY25 Promised: Adding another INR 1,000 crores of revenues to our top line (fructifying in FY27). Q1 FY27: Guidance revised down to 'About INR 500 crores' from the new capacity, a significant reduction from the original 'more than INR 1,000 crores' target. Full ramp-up also delayed into FY28.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.3%, net profit up 82.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue823 839 841 793 760 −8%801 −5%860 +2%875 +10%
EBITDA115 117 120 111 100 −13%112 −4%130 +8%156 +41%
Net profit42 45 46 41 35 −17%44 −2%57 +24%75 +83%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +92.3% 1Y

₹300₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹338.5 on 10 Sept 2025 → ₹651.05. High ₹655.1 (8 Sept 2026), low ₹305.35 (7 Nov 2025).

How the price took the results

close before → close after

Q1 FY27
−3.2%
10 Aug
Q4 FY26
−0.9%
11 May
Q3 FY26
+6.6%
3 Feb
Q2 FY26
−1.7%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.1% a year over 3 years, FY23 to FY26. Operating margin widened to 14.1%.

Year endingFY23FY24FY25FY26
Revenue₹2.4k Cr₹2.9k Cr₹3.3k Cr₹3.2k Cr
Operating profit₹297 Cr₹377 Cr₹471 Cr₹453 Cr
Operating margin12.3%13.0%14.2%14.1%
Interest₹37 Cr₹83 Cr₹91 Cr₹71 Cr
Depreciation₹87 Cr₹118 Cr₹148 Cr₹148 Cr
Net profit₹166 Cr₹132 Cr₹175 Cr₹177 Cr
Net margin6.9%4.5%5.3%5.5%
Cash from operations₹194 Cr₹163 Cr₹307 Cr₹411 Cr
Free cash flow₹-240 Cr₹-262 Cr₹286 Cr₹119 Cr
ROCE12.0%12.0%13.0%12.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹56 Cr₹56 Cr₹56 Cr₹56 Cr₹56 Cr₹56 Cr
Reserves₹507 Cr₹820 Cr₹973 Cr₹1.1k Cr₹1.3k Cr₹1.4k Cr
Borrowings₹962 Cr₹689 Cr₹980 Cr₹1.3k Cr₹915 Cr₹1.1k Cr
Other liabilities₹151 Cr₹260 Cr₹209 Cr₹231 Cr₹253 Cr₹319 Cr
Total liabilities₹1.7k Cr₹1.8k Cr₹2.2k Cr₹2.7k Cr₹2.5k Cr₹2.9k Cr
Fixed assets₹1.1k Cr₹1.0k Cr₹1.0k Cr₹1.7k Cr₹1.5k Cr₹1.5k Cr
Capital work in progress₹2 Cr₹0 Cr₹340 Cr₹2 Cr₹36 Cr₹102 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹17 Cr₹17 Cr
Other assets₹615 Cr₹812 Cr₹867 Cr₹1.0k Cr₹978 Cr₹1.3k Cr
Total assets₹1.7k Cr₹1.8k Cr₹2.2k Cr₹2.7k Cr₹2.5k Cr₹2.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +1.10 pp while DIIs trimmed −1.01 pp. The shareholder count shrank 13% to 31,698.

Promoters
56.7%
FIIs
1.9%
DIIs
14.7%
Public
26.7%

Since Jun 2025

  • FIIs +1.10 pp
  • DIIs −1.01 pp
  • Public −0.17 pp

How it drifted, 12 quarters

Over this window the public fell from 31.0% to 26.7% — −4.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.4%, FIIs 1.3%, DIIs 11.2%, Public 31.0%.Dec '23: Promoters 56.4%, FIIs 1.1%, DIIs 13.3%, Public 29.2%.Mar '24: Promoters 56.5%, FIIs 0.7%, DIIs 13.7%, Public 29.1%.Jun '24: Promoters 56.5%, FIIs 0.6%, DIIs 15.0%, Public 27.9%.Sep '24: Promoters 56.5%, FIIs 0.7%, DIIs 14.8%, Public 27.9%.Dec '24: Promoters 56.5%, FIIs 1.5%, DIIs 15.5%, Public 26.5%.Mar '25: Promoters 56.6%, FIIs 1.0%, DIIs 15.4%, Public 27.0%.Jun '25: Promoters 56.6%, FIIs 0.8%, DIIs 15.7%, Public 26.9%.Sep '25: Promoters 56.6%, FIIs 0.9%, DIIs 15.7%, Public 26.8%.Dec '25: Promoters 56.7%, FIIs 0.9%, DIIs 14.3%, Public 28.0%.Mar '26: Promoters 56.7%, FIIs 1.1%, DIIs 14.3%, Public 27.9%.Jun '26: Promoters 56.7%, FIIs 1.9%, DIIs 14.7%, Public 26.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Nitin Spinners Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Redial Trading And Investment Private Limited 32.18%unchanged
Sushila Devi Nolkha 13.87%unchanged
Bandhan Small Cap Fund Mutual fund5.30%unchanged
Quant Mutual Fund - Quant Small Cap Fund - 2 Mutual fund4.86%unchanged
Mahindra Manulife Small Cap Fund Mutual fund3.34%unchanged
Nitin Nolakha 3.29%unchanged
Ratan Lal Nolkha Huf 2.96%unchanged
Dinesh Nolkha 2.12%unchanged
Bajaj Finserv Small Cap Fund Mutual fund1.02%newly disclosed
Dinesh Nolkha Huf 0.64%unchanged
Krishna Nolkha 0.48%unchanged
Pratyush Nolakha 0.46%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Nitin Spinners Limited

Guides on how to read this kind of business and the numbers that matter.