Balance Sheet Nitin Spinners Limited Bombay S.E.

Stocks

532698

INE229H01012

Textiles & Leather Goods

Market Closed - Bombay S.E. Other stock markets 06:00:47 2026-06-11 am EDT			5-day change	1st Jan Change
534.15 ^INR	+2.21%		+5.41%	+69.81%

Jun. 08	Emkay Global Starts Nitin Spinners at Buy with INR750 Price Target	MT
May. 11	Nitin Spinners Limited, Q4 2026 Earnings Call, May 11, 2026

80375fe742e2736ca760a056d091f254._z3-JKIlMWKBDJdqNHz0Tr0TmvLJSsASiIO-2YwppNA.uguSXY9gWzezXqIGDTiBOpBF6L2lPItZ69SOkMpi9qTSaNN8yU9kDM5o3g

Published financial data: NITIN SPINNERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	16.24B	26.92B	24.07B	29.06B	33.06B
Total Revenues	16.24B	26.92B	24.07B	29.06B	33.06B
Cost of Goods Sold, Total	9.49B	14.79B	16.35B	19.14B	21.08B
Gross Profit	6.76B	12.13B	7.72B	9.92B	11.98B
Selling General & Admin Expenses, Total	1.12B	1.34B	1.34B	1.79B	2.04B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	910M	874M	868M	1.18B	1.48B
Other Operating Expenses	3.06B	4.28B	3.4B	4.35B	5.22B
Other Operating Expenses, Total	5.09B	6.49B	5.61B	7.33B	8.74B
Operating Income	1.66B	5.64B	2.11B	2.59B	3.24B
Interest Expense, Total	-572M	-502M	-337M	-774M	-824M
Interest And Investment Income	11.54M	11.06M	12.38M	12.63M	28.51M
Net Interest Expenses	-561M	-491M	-325M	-761M	-796M
Other Non Operating Income (Expenses)	-43.04M	-50.27M	-38.61M	-56.49M	-77.79M
EBT, Excl. Unusual Items	1.06B	5.1B	1.74B	1.77B	2.36B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	4.55M	2.02M	9.01M	818K	101K
Insurance Settlements	2.26M	4.24M	5.46M	6.28M	5.66M
Other Unusual Items	-	-45.44M	-	-	-
EBT, Incl. Unusual Items	1.07B	5.06B	1.76B	1.78B	2.37B
Income Tax Expense	376M	1.8B	111M	460M	615M
Earnings From Continuing Operations	689M	3.26B	1.65B	1.32B	1.75B
Net Income to Company	689M	3.26B	1.65B	1.32B	1.75B
Net Income - (IS)	689M	3.26B	1.65B	1.32B	1.75B
Net Income to Common Incl Extra Items	689M	3.26B	1.65B	1.32B	1.75B
Net Income to Common Excl. Extra Items	689M	3.26B	1.65B	1.32B	1.75B
Per Share Items
Net EPS - Basic	12.25	58.01	29.32	23.39	31.2
Basic EPS - Continuing Operations	12.25	58.01	29.32	23.39	31.2
Basic Weighted Average Shares Outstanding	56.22M	56.22M	56.22M	56.22M	56.22M
Net EPS - Diluted	12.25	58.01	29.32	23.39	31.2
Diluted EPS - Continuing Operations	12.25	58.01	29.32	23.39	31.2
Diluted Weighted Average Shares Outstanding	56.22M	56.22M	56.22M	56.22M	56.22M
Normalized Basic EPS	11.77	56.71	19.39	19.66	26.28
Normalized Diluted EPS	11.77	56.71	19.39	19.66	26.28
Dividend Per Share	1.5	4	2.5	2.5	3
Payout Ratio	4.9	5.17	8.53	10.69	8.01
Supplemental Items
EBITDA	2.57B	6.51B	2.97B	3.77B	4.71B
EBITA	1.66B	5.64B	2.11B	2.59B	3.24B
EBIT	1.66B	5.64B	2.11B	2.59B	3.24B
EBITDAR	2.57B	-	-	-	-
Total Revenues (As Reported)	16.26B	26.94B	24.1B	29.08B	33.09B
Effective Tax Rate - (Ratio)	35.34	35.57	6.29	25.92	25.96
Total Current Taxes	-	1.68B	433M	273M	540M
Total Deferred Taxes	376M	123M	-323M	187M	75.4M
Normalized Net Income	661M	3.19B	1.09B	1.11B	1.48B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	327M	255M	140M	440M	499M
Non-Cash Pension Expense	-3.52M	1.93M	-14.28M	-10.3M	-12.34M
Supplemental Operating Expense Items
Advertising Expense	6.89M	9.22M	13.09M	26.51M	33.09M
Selling and Marketing Expenses	6.89M	9.22M	13.09M	26.51M	33.09M
Research And Development Expense From Footnotes	39.7M	48.78M	51.06M	92.68M	71.02M
Net Rental Expense, Total	467K	-	-	-	-
Imputed Operating Lease Interest Expense	214K	-	-	-	-
Imputed Operating Lease Depreciation	253K	-	-	-	-
Maintenance & Repair Expenses, Total	24.02M	29.86M	36.51M	46.35M	58.22M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	206K	2.6M	698K	663K	70.77M
Total Cash And Short Term Investments	206K	2.6M	698K	663K	70.77M
Accounts Receivable, Total	1.66B	2.41B	2.23B	3.21B	4.3B
Other Receivables	675M	825M	686M	841M	679M
Total Receivables	2.33B	3.23B	2.91B	4.06B	4.97B
Inventory	3.55B	4.06B	4.92B	5.64B	6.07B
Prepaid Expenses	18.84M	27.22M	26.1M	34.6M	30.68M
Other Current Assets, Total	134M	218M	100M	137M	101M
Total Current Assets	6.03B	7.54B	7.96B	9.87B	11.25B
Gross Property Plant And Equipment	13.8B	13.92B	18.17B	22.95B	23.14B
Accumulated Depreciation	-3.2B	-3.82B	-4.67B	-5.84B	-7.31B
Net Property Plant And Equipment	10.6B	10.11B	13.5B	17.11B	15.84B
Other Intangibles, Total	12.07M	12.43M	10.54M	6.61M	3.88M
Deferred Charges Long-Term	12.52M	9.04M	6.35M	13.9M	9.92M
Other Long-Term Assets, Total	104M	572M	700M	172M	222M
Total Assets	16.76B	18.24B	22.18B	27.17B	27.32B
Liabilities
Accounts Payable, Total	548M	821M	523M	740M	892M
Accrued Expenses, Total	39.44M	37.14M	39.89M	73.51M	95.14M
Short-term Borrowings	2.83B	2.81B	3.13B	3.83B	3.54B
Current Portion of Long-Term Debt	1.14B	-	1.06B	1.45B	1.74B
Current Portion of Leases	369K	-	-	-	-
Current Income Taxes Payable	35.68M	118M	19.83M	26.64M	39.34M
Unearned Revenue Current, Total	43.3M	140M	49.6M	38.92M	24.06M
Other Current Liabilities	115M	183M	484M	256M	235M
Total Current Liabilities	4.76B	4.11B	5.3B	6.42B	6.57B
Long-Term Debt	5.64B	4.07B	5.61B	8.11B	6.37B
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	197M	49.43M	50.44M	63.32M	77.15M
Deferred Tax Liability Non Current	535M	1.25B	927M	1.11B	1.2B
Total Liabilities	11.13B	9.49B	11.89B	15.7B	14.21B
Common Stock, Total	562M	562M	562M	562M	562M
Additional Paid In Capital	1.37B	1.37B	1.37B	1.37B	1.37B
Retained Earnings	3.68B	6.8B	8.33B	9.52B	11.14B
Comprehensive Income and Other	18.28M	27.52M	23.47M	13.11M	32.75M
Total Common Equity	5.63B	8.76B	10.29B	11.46B	13.11B
Total Equity	5.63B	8.76B	10.29B	11.46B	13.11B
Total Liabilities And Equity	16.76B	18.24B	22.18B	27.17B	27.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.22M	56.22M	56.22M	56.22M	56.22M
ECS Total Common Shares Outstanding	56.22M	56.22M	56.22M	56.22M	56.22M
Book Value / Share	100.2	155.78	183.01	203.9	233.23
Tangible Book Value	5.62B	8.75B	10.28B	11.46B	13.11B
Tangible Book Value Per Share	99.99	155.56	182.83	203.78	233.16
Total Debt	9.62B	6.89B	9.8B	13.39B	11.65B
Net Debt	9.62B	6.88B	9.8B	13.39B	11.58B
Debt Equivalent of Unfunded Proj. Benefit Obligation	212M	-143M	-173M	27.45M	66.84M
Debt Equivalent Oper. Leases	3.74M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	2.33B	1.93B	2.67B	3.55B	4.1B
Inventories - Work In Process, Total	338M	470M	488M	633M	548M
Inventories - Finished Goods, Total	751M	1.56B	1.64B	1.3B	1.26B
Inventories - Others	124M	99.46M	124M	156M	169M
Land - (BS)	104M	153M	162M	162M	162M
Buildings, Total	3.2B	3.18B	3.18B	4.66B	4.71B
Machinery, Total	10.48B	10.59B	11.43B	18.1B	18.21B
Full Time Employees	5.13K	5.17K	5.23K	7.14K	6.74K
Accumulated Allowance for Doubtful Accounts (Supple)	43.26M	12.12M	7.31M	8.39M	8.39M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	689M	3.26B	1.65B	1.32B	1.75B
Depreciation & Amortization - CF	907M	870M	864M	1.18B	1.47B
Depreciation & Amortization, Total	907M	870M	864M	1.18B	1.47B
Amortization of Deferred Charges, Total - (CF)	3.79M	4.02M	4.11M	4.46M	2.81M
(Gain) Loss From Sale Of Asset	-4.55M	-2.02M	-9.01M	-818K	-101K
Other Operating Activities, Total	845M	1.42B	-14.3M	1.05B	1.01B
Change In Accounts Receivable	-131M	-748M	180M	-987M	-1.08B
Change In Inventories	-900M	-516M	-858M	-719M	-434M
Change in Other Net Operating Assets	140M	30.02M	122M	-209M	347M
Cash from Operations	1.55B	4.31B	1.94B	1.63B	3.07B
Capital Expenditure	-124M	-925M	-4.35B	-8.17B	-217M
Sale of Property, Plant, and Equipment	9.69M	62.94M	13.68M	7.38M	1.28M
Other Investing Activities, Total	2.31M	2.69M	5M	3.91B	-
Cash from Investing	-112M	-859M	-4.33B	-4.26B	-216M
Short Term Debt Issued, Total	-	-	1.23B	701M	-
Long-Term Debt Issued, Total	21.8M	-	2.6B	3.95B	-
Total Debt Issued	21.8M	-	3.83B	4.65B	-
Short Term Debt Repaid, Total	-33.36M	-933M	-	-	-290M
Long-Term Debt Repaid, Total	-776M	-1.8B	-919M	-1.06B	-1.45B
Total Debt Repaid	-810M	-2.73B	-919M	-1.06B	-1.74B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-33.73M	-169M	-141M	-141M	-141M
Common & Preferred Stock Dividends Paid	-33.73M	-169M	-141M	-141M	-141M
Other Financing Activities, Total	-616M	-553M	-377M	-833M	-904M
Cash from Financing	-1.44B	-3.45B	2.39B	2.62B	-2.79B
Net Change in Cash	-1.04M	2.39M	-1.9M	-35K	70.1M
Supplemental Items
Cash Interest Paid	616M	553M	377M	833M	904M
Cash Income Tax Paid (Refund)	161M	1.02B	532M	255M	527M
Levered Free Cash Flow	497M	2.17B	-2.98B	-7.74B	1.6B
Unlevered Free Cash Flow	855M	2.49B	-2.77B	-7.26B	2.12B
Change In Net Working Capital	970M	988M	603M	1.89B	1.16B
Net Debt Issued / Repaid	-788M	-2.73B	2.91B	3.59B	-1.74B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.26	20.15	6.52	6.55	7.43
Return on Total Capital	6.79	22.83	7.37	7.19	8.16
Return On Equity %	13.03	45.32	17.31	12.09	14.28
Return on Common Equity	13.03	45.32	17.31	12.09	14.28
Margin Analysis
Gross Profit Margin %	41.6	45.06	32.08	34.13	36.23
SG&A Margin	6.92	4.96	5.59	6.18	6.17
EBITDA Margin %	15.81	24.19	12.35	12.96	14.25
EBITA Margin %	10.23	20.96	8.76	8.9	9.79
EBIT Margin %	10.23	20.96	8.76	8.9	9.79
Income From Continuing Operations Margin %	4.24	12.11	6.85	4.53	5.31
Net Income Margin %	4.24	12.11	6.85	4.53	5.31
Net Avail. For Common Margin %	4.24	12.11	6.85	4.53	5.31
Normalized Net Income Margin	4.07	11.84	4.53	3.8	4.47
Levered Free Cash Flow Margin	3.06	8.07	-12.39	-26.64	4.85
Unlevered Free Cash Flow Margin	5.26	9.24	-11.51	-24.97	6.41
Asset Turnover
Asset Turnover	0.98	1.54	1.19	1.18	1.21
Fixed Assets Turnover	1.48	2.6	2.04	1.9	2.01
Receivables Turnover (Average Receivables)	10.2	13.25	10.39	10.68	8.8
Inventory Turnover (Average Inventory)	3.06	3.89	3.64	3.62	3.6
Short Term Liquidity
Current Ratio	1.27	1.83	1.5	1.54	1.71
Quick Ratio	0.49	0.79	0.55	0.63	0.77
Operating Cash Flow to Current Liabilities	0.33	1.05	0.37	0.25	0.47
Days Sales Outstanding (Average Receivables)	35.8	27.56	35.13	34.26	41.46
Days Outstanding Inventory (Average Inventory)	119.15	93.89	100.29	100.97	101.41
Average Days Payable Outstanding	16.91	16.32	14.25	11.64	13.85
Cash Conversion Cycle (Average Days)	138.03	105.13	121.17	123.59	129.02
Long Term Solvency
Total Debt/Equity	170.71	78.62	95.22	116.82	88.83
Total Debt / Total Capital	63.06	44.01	48.78	53.88	47.04
LT Debt/Equity	100.1	46.49	54.54	70.72	48.56
Long-Term Debt / Total Capital	36.98	26.03	27.94	32.62	25.72
Total Liabilities / Total Assets	66.39	51.99	53.61	57.8	52.01
EBIT / Interest Expense	2.9	11.24	6.25	3.34	3.93
EBITDA / Interest Expense	4.49	12.97	8.82	4.87	5.72
(EBITDA - Capex) / Interest Expense	4.27	11.13	-4.1	-5.69	5.45
Total Debt / EBITDA	3.74	1.06	3.3	3.56	2.47
Net Debt / EBITDA	3.74	1.06	3.3	3.56	2.46
Total Debt / (EBITDA - Capex)	3.93	1.23	-7.09	-3.04	2.59
Net Debt / (EBITDA - Capex)	3.93	1.23	-7.09	-3.04	2.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.96	65.74	-10.61	20.73	13.77
Gross Profit, 1 Yr. Growth %	30.83	79.53	-36.36	28.45	20.76
EBITDA, 1 Yr. Growth %	51.57	153.5	-54.37	26.74	25.1
EBITA, 1 Yr. Growth %	86.62	239.42	-62.65	22.7	25.19
EBIT, 1 Yr. Growth %	86.62	239.42	-62.65	22.7	25.19
Earnings From Cont. Operations, 1 Yr. Growth %	189.17	373.54	-49.47	-20.2	33.39
Net Income, 1 Yr. Growth %	189.17	373.54	-49.47	-20.2	33.39
Normalized Net Income, 1 Yr. Growth %	200.3	381.96	-65.8	1.37	33.67
Diluted EPS Before Extra, 1 Yr. Growth %	189.16	373.55	-49.47	-20.21	33.39
Accounts Receivable, 1 Yr. Growth %	8.55	45.12	-7.49	44.34	33.67
Inventory, 1 Yr. Growth %	33.99	14.55	21.11	14.62	7.7
Net Property, Plant and Equip., 1 Yr. Growth %	-6.85	-4.66	33.6	26.69	-7.43
Total Assets, 1 Yr. Growth %	1.89	8.83	21.58	22.48	0.58
Tangible Book Value, 1 Yr. Growth %	14.14	55.58	17.53	11.46	14.41
Common Equity, 1 Yr. Growth %	14.03	55.46	17.48	11.41	14.38
Cash From Operations, 1 Yr. Growth %	57.72	178.58	-55.09	-15.63	88.05
Capital Expenditures, 1 Yr. Growth %	-98.22	644.34	370.73	87.69	-97.34
Levered Free Cash Flow, 1 Yr. Growth %	-107.6	337.12	-237.12	159.68	-120.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-113.74	190.92	-211.36	161.96	-129.21
Dividend Per Share, 1 Yr. Growth %	150	166.67	-37.5	0	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.34	36.83	21.72	3.89	17.2
Gross Profit, 2 Yr. CAGR %	21.25	53.26	6.89	-9.59	24.54
EBITDA, 2 Yr. CAGR %	20.07	96.03	7.55	-23.95	25.92
EBITA, 2 Yr. CAGR %	15.93	151.68	12.6	-32.3	23.94
EBIT, 2 Yr. CAGR %	15.93	151.68	12.6	-32.3	23.94
Earnings From Cont. Operations, 2 Yr. CAGR %	3.65	270.05	54.69	-36.5	3.17
Net Income, 2 Yr. CAGR %	3.65	270.05	54.69	-36.5	3.17
Normalized Net Income, 2 Yr. CAGR %	4.17	280.43	28.38	-41.12	16.41
Diluted EPS Before Extra, 2 Yr. CAGR %	3.52	270.04	54.7	-36.5	3.16
Accounts Receivable, 2 Yr. CAGR %	17.21	25.51	15.87	15.56	38.9
Inventory, 2 Yr. CAGR %	24.77	23.89	17.78	17.82	11.1
Net Property, Plant and Equip., 2 Yr. CAGR %	3.4	-5.76	12.86	30.1	8.29
Total Assets, 2 Yr. CAGR %	8.03	5.3	15.03	22.03	10.99
Tangible Book Value, 2 Yr. CAGR %	7.97	33.26	35.22	14.45	12.93
Common Equity, 2 Yr. CAGR %	8.05	33.15	35.14	14.41	12.89
Cash From Operations, 2 Yr. CAGR %	22.19	109.62	11.85	-38.44	25.96
Capital Expenditures, 2 Yr. CAGR %	-83.97	-63.58	491.93	197.24	-77.67
Levered Free Cash Flow, 2 Yr. CAGR %	-65.78	-42.36	144.83	88.7	-26.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	-54.27	-36.77	79.99	70.8	-12.52
Dividend Per Share, 2 Yr. CAGR %	9.54	158.2	29.1	-20.94	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.36	29.4	18.73	21.39	7.08
Gross Profit, 3 Yr. CAGR %	17.58	38.2	14.34	13.64	-0.43
EBITDA, 3 Yr. CAGR %	18.39	54.04	20.59	13.6	-10.23
EBITA, 3 Yr. CAGR %	18.96	65.85	33.25	15.87	-16.9
EBIT, 3 Yr. CAGR %	18.96	65.85	33.25	15.87	-16.9
Earnings From Cont. Operations, 3 Yr. CAGR %	9.55	71.99	90.56	24.06	-18.67
Net Income, 3 Yr. CAGR %	9.55	71.99	90.56	24.06	-18.67
Normalized Net Income, 3 Yr. CAGR %	14.04	73.58	70.42	18.66	-22.62
Diluted EPS Before Extra, 3 Yr. CAGR %	5.07	71.85	90.56	24.06	-18.68
Accounts Receivable, 3 Yr. CAGR %	23.47	25.86	13.38	24.67	21.3
Inventory, 3 Yr. CAGR %	19.95	21.27	22.96	16.72	14.34
Net Property, Plant and Equip., 3 Yr. CAGR %	22.72	0.64	5.87	17.29	16.15
Total Assets, 3 Yr. CAGR %	21.76	8.3	10.47	17.46	14.41
Tangible Book Value, 3 Yr. CAGR %	10.52	21.95	27.79	26.79	14.44
Common Equity, 3 Yr. CAGR %	10.56	21.98	27.7	26.72	14.4
Cash From Operations, 3 Yr. CAGR %	32.69	60.82	25.43	1.82	-10.68
Capital Expenditures, 3 Yr. CAGR %	-14.89	-42.39	-14.52	303.64	-38.31
Levered Free Cash Flow, 3 Yr. CAGR %	82.48	-20	-23.05	149.68	-9.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	53.52	-15.27	-23.64	103.98	-5.19
Dividend Per Share, 3 Yr. CAGR %	7.72	47.36	60.91	18.56	-9.14
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.2	23.6	16.01	18.52	18.11
Gross Profit, 5 Yr. CAGR %	17.45	28.72	13.18	16.62	18.32
EBITDA, 5 Yr. CAGR %	13.39	37.32	13.93	16.15	22.69
EBITA, 5 Yr. CAGR %	11.26	43.79	16.38	15.9	29.44
EBIT, 5 Yr. CAGR %	11.26	43.79	16.38	15.9	29.44
Earnings From Cont. Operations, 5 Yr. CAGR %	9.29	41.57	25.76	15.46	49.09
Net Income, 5 Yr. CAGR %	9.29	41.57	25.76	15.46	49.09
Normalized Net Income, 5 Yr. CAGR %	10.21	48.64	19.57	12.63	46.32
Diluted EPS Before Extra, 5 Yr. CAGR %	4.92	35.91	22.66	15.4	49.08
Accounts Receivable, 5 Yr. CAGR %	33.41	37.86	20.37	21.63	22.97
Inventory, 5 Yr. CAGR %	25.32	19.03	19.08	19.88	18.07
Net Property, Plant and Equip., 5 Yr. CAGR %	21.59	10.52	18.68	11.53	6.83
Total Assets, 5 Yr. CAGR %	21.43	15.56	19.02	13.59	10.68
Tangible Book Value, 5 Yr. CAGR %	22.31	27.09	19.81	18.89	21.63
Common Equity, 5 Yr. CAGR %	22.33	27.08	19.81	18.89	21.56
Cash From Operations, 5 Yr. CAGR %	9.06	51.78	23.93	9.52	25.64
Capital Expenditures, 5 Yr. CAGR %	-19.15	-19.48	84.88	11.05	-50.03
Levered Free Cash Flow, 5 Yr. CAGR %	34.08	-2.42	105.25	12.76	-24.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.02	1.27	63.61	12.16	-19.37
Dividend Per Share, 5 Yr. CAGR %	8.45	27.23	15.81	14.87	37.97