Nitin Spinners

Bhilwara, India Founded: 1992 • Age: 34 yrs Listed
Cotton yarn is manufactured by Nitin Spinners in Bhilwara, India.
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About Nitin Spinners

Nitin Spinners is a publicly listed company based in Bhilwara (India) founded in 1992. Cotton yarn is manufactured by Nitin Spinners in Bhilwara, India. The company has 6,790 employees. Its Indian entity Nitin Spinners Limited reported revenue of ₹3,219 Cr. Nitin Spinners offers products and services including Yarns and Finished and Printed Woven Fabrics. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Nitin Spinners was established in 1992 in Bhilwara, India, where operations center on the production of cotton yarn within the textile sector. Manufacturing processes are handled at facilities in the region, with distribution supported through the domain nitinspinners.com. Leadership is provided by Managing Director Dinesh Nolkha, identified by DIN 00054658, overseeing core activities in yarn fabrication and supply.

  • Headquarters Bhilwara, India
  • Employees 6,790
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website nitinspinners.com
  • Social LinkedIn
  • Legal Name Nitin Spinners Limited
Operational Areas
Industrial Goods & Manufacturing → Contract & Outsourced Manufacturing
Key Metrics
  • Market Cap
    ₹3,502 Cr

    NITINSPIN · NSE

  • Share Price
    ₹601.75

    -3.40% today

  • Revenue
    ₹3,214 Cr

    FY 2025-26 · -2.8% YoY

  • EBITDA
    ₹453 Cr

    Margin 14.1%

  • Net Profit
    ₹178 Cr

    FY 2025-26 · +1.2% YoY

  • P/E (TTM)
    17.2x

    P/B 2.5x

  • ROE
    12.8%

    ROCE 12.1%

  • Debt / Equity
    0.82

    Interest cover 23.3x

  • Employee Count
    6,790

Products & Services of Nitin Spinners

Nitin Spinners offers a comprehensive portfolio of products and services, including Yarns and Finished and Printed Woven Fabrics.

Yarns
Textile Products

Cotton and blended yarns are produced for various applications

Finished and Printed Woven Fabrics
Textile Products

Finished and printed woven fabrics are manufactured for diverse industry uses

Funding Insights of Nitin Spinners

  • Total Rounds 1

All 1 funding rounds of Nitin Spinners with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2017Post-IPO––
–

Board of directors of Nitin Spinners Limited (Nitin Spinners)

Nitin Spinners Limited is the primary company behind Nitin Spinners. The board of Nitin Spinners Limited currently have 6 directors; the longest-serving is Dinesh Nolkha, appointed in 2010. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dinesh Nolkha
DIN 00054658
Whole-time director01 Oct 201016 yrsNitin Spinners Limited
Nitin Nolakha
DIN 00054707
Managing Director01 Oct 201511 yrsNitin Spinners Limited
Rohit Swadheen Mehta
DIN 09449679
Director30 Dec 20214 yrs 9 moNitin Spinners Limited
Rishabh Chand Lodha
DIN 07177605
Director09 Nov 20232 yrs 11 moNitin Spinners Limited
Vibha Aren
DIN 07028020
Director22 Jul 20242 yrs 3 moNitin Spinners Limited
Pratyush Nolakha
DIN 10704970
Whole-time director22 Jul 20242 yrs 3 moNitin Spinners Limited

People of Nitin Spinners

30 people are tracked at Nitin Spinners (5 in leadership, 3 in board & advisors, 22 in team); the tracked headcount is 6,790.

NameRoleGroup
Dinesh Nolkha
Managing DirectorLeadership
Shri Dinesh Nolkha
Managing DirectorLeadership
Dhirendra Sachan
Vice President (weaving Operation Head)Leadership
Lokesh Singhal
Assistant General ManagerLeadership
Ajay Sharma
Head Of HRLeadership
Aditi Mehta
Independent DirectorBoard & advisors
R. Chattopadhyay
Independent DirectorBoard & advisors
Rohit S. Mehta
Independent DirectorBoard & advisors
Shri R. L. Nolkha
ChairmanTeam
Anmol Garg
Senior Marketing ExecutiveTeam
Prempal Verma
Senior ExecutiveTeam
Anand Swaroop Baheti
AGM (finance)Team
Pradeep Baseeta
Textile EngineerTeam
Amit Kumar Joshi
Sr. Manager Sales & MarketingTeam
Chaitanya Dev
ManagerTeam
Amit Sarkar
Management Information System ExecutiveTeam
Ashutosh Kumar
Shift OfficerTeam
Deenbandhu Sahu
Shift OfficerTeam
Utkal Maheshwari
Shift InchargeTeam
Vijay Kumar Sharma
Purchase ExecutiveTeam

10 more people are available in the full profile.

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IPO & Listings of Nitin Spinners

Nitin Spinners is a publicly listed company on the NSE with ticker symbol NITINSPIN in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date02 Feb 2006
  • Listed onBSE: 532698 · NSE: NITINSPIN
  • Listed entityNitin Spinners Limited
  • Exchange sectorProcess industries
  • ISININE229H01012
  • Share price₹624.50 (+2.46% on the day) · 2026-10-14
  • Market capitalisation₹3,428 Cr
  • Price to earnings16.6
  • EPS (diluted, trailing year)₹37.68
  • Dividend yield0.49%
  • Volume (last session)51,438

Financials of Nitin Spinners

Exchange-reported figures of Nitin Spinners Limited, the listed company behind Nitin Spinners (NSE: NITINSPIN).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹3,214 Cr
-2.8% YoY
EBITDA
₹453 Cr
-4.0% YoY
Profit After Tax
₹178 Cr
+1.2% YoY
Net Worth
₹1,471 Cr
+12.2% YoY
Total Assets
₹2,621 Cr
+5.5% YoY
Total Debt
₹1,124 Cr
-3.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,2143,3062,9062,4072,6921,6241,438
Revenue growth-2.8%+13.8%+20.7%-10.6%+65.7%+13.0%-
EBITDA453471377297647257170
EBITDA margin+14.1%+14.3%+13.0%+12.3%+24.0%+15.8%+11.8%
Profit before tax23923717817650610735.64
Net profit17817513116432968.5823.65
Net profit margin+5.5%+5.3%+4.5%+6.8%+12.2%+4.2%+1.6%
EPS (₹)31.5831.2023.3929.3258.0112.254.24
Balance sheet
Total assets2,6212,4842,4922,0141,5691,5451,551
Net worth1,4711,3111,1461,029876563494
Total debt1,1241,1651,3399806899621,040
Cash & bank8.649.510.410.430.610.850.43
Net working capital975997873684624525428
Cash flow
Cash from operations41130716319443115598.19
Cash from investing(287)(21.58)(426)(433)(85.90)(11.22)(217)
Cash from financing(128)(279)262239(345)(144)116
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue875860801760793841839823
Revenue growth (YoY)+10.3%+2.2%-4.6%-7.6%-1.2%---
Other income2.441.541.040.641.780.840.640.67
Total expenses719729689661682721722707
EBITDA15613011299.56111120117115
EBITDA margin+17.8%+15.2%+13.9%+13.1%+14.0%+14.3%+14.0%+14.0%
Depreciation37.6336.7437.2537.2736.8736.6237.2737.10
Interest19.4116.7916.9616.0821.0321.3820.6621.74
Profit before tax10178.4158.3746.8555.1263.1659.8656.97
Tax25.7121.0513.9612.0714.1416.8015.0914.82

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue875860801760793841839823
Revenue growth (YoY)+10.3%+2.2%-4.6%-7.6%-1.2%---
Other income2.441.541.040.641.780.840.640.67
Total expenses719729689661682721722707
EBITDA15613011299.56111120117115
EBITDA margin+17.8%+15.2%+13.9%+13.1%+14.0%+14.3%+14.0%+14.0%
Depreciation37.6336.7437.2537.2736.8736.6237.2737.10
Interest19.4116.7916.9616.0821.0321.3820.6621.74
Profit before tax10178.4158.3746.8555.1263.1659.8656.97
Tax25.7121.0513.9612.0714.1416.8015.0914.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,2143,3062,9062,4072,6921,6241,438
Revenue growth-2.8%+13.8%+20.7%-10.6%+65.7%+13.0%-
Other income5.013.602.253.311.841.902.13
Total expenses2,7612,8342,5292,1102,0451,3671,268
Employee cost20920117713313311294.33
EBITDA453471377297647257170
EBITDA margin+14.1%+14.3%+13.0%+12.3%+24.0%+15.8%+11.8%
Depreciation14814811886.8187.4091.0380.70
Interest70.8690.3883.3037.6855.3461.6155.56
Profit before tax23923717817650610735.64
Tax61.2261.5146.0111.0618037.6511.83
Net profit17817513116432968.5823.65
Net profit margin+5.5%+5.3%+4.5%+6.8%+12.2%+4.2%+1.6%
EPS (₹)31.5831.2023.3929.3258.0112.254.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital56.2256.2256.2256.2256.2256.2256.22
Reserves & surplus1,4151,2551,090973820507438
Shareholders' funds (net worth)1,4711,3111,1461,029876563494
Secured loans1,1241,1651,3399806899611,040
Unsecured loans0.000.000.000.000.001.040.75
Total debt1,1241,1651,3399806899621,040
Total liabilities2,6212,4842,4922,0141,5691,5451,551
Assets
Gross block2,3702,3112,2961,4801,3951,3801,371
Net block1,4891,5771,7091,0111,0121,0601,140
Capital work in progress1026.642.443400.081.570.00
Investments17.140.000.000.000.000.000.00
Inventories608607564492406355265
Sundry debtors432430321223241166153
Cash & bank balances8.649.510.410.430.610.850.43
Loans & advances98.2978.6510180.8710781.9771.26
Total current assets1,1461,125987796754603489
Total current liabilities17112911411213078.0860.83
Net working capital975997873684624525428
Total assets2,6212,4842,4922,0141,5691,5451,551
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.080.070.070.260.020.122.75
Net cash from operating activities41130716319443115598.19
Net cash from investing activities(287)(21.58)(426)(433)(85.90)(11.22)(217)
Net cash from financing activities(128)(279)262239(345)(144)116
Net change in cash(4.13)7.010.00(0.19)0.24(0.10)(2.63)
Closing cash8.649.510.410.430.610.850.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.8%+13.8%+20.7%-10.6%+65.7%+13.0%-
EBITDA growth-4.0%+25.0%+26.9%-54.1%+151.5%+51.5%-
PBT growth+0.8%+33.5%+0.9%-65.3%+375.2%+198.9%-63.4%
Net income growth+1.2%+33.4%-19.9%-50.1%+379.7%+190.0%-
Revenue CAGR (3Y)+10.1%+7.1%+21.4%+18.7%+29.4%+12.4%+15.5%
EBITDA CAGR (3Y)+15.1%-10.0%+13.6%+20.5%+53.7%+18.4%+8.4%
Profitability & leverage
Net income margin+5.5%+5.3%+4.5%+6.9%+12.1%+4.2%+1.7%
Return on capital employed+12.1%+13.2%+11.6%+11.9%+36.1%+10.9%+6.3%
Return on net worth+12.8%+14.3%+12.1%+17.3%+45.3%+13.0%+4.9%
Debt / equity0.821.021.070.881.151.891.95
Long-term debt / equity0.420.590.630.510.671.171.33
Interest cover23.2627.9232.2117.929.8937.0662.38
Efficiency & per share
Fixed asset turnover1.371.441.541.671.941.181.41
Inventory turnover5.295.645.505.367.085.255.84
Debtors turnover7.468.8010.6810.3913.2510.2010.52
EPS (₹)31.5831.2023.3929.3258.0112.254.24
Dividend per share (₹)3.003.002.502.502.501.500.60
Book value per share (₹)261.60233.23203.90183.01155.78100.2087.87

Timeline of Nitin Spinners

3 dated milestones of Nitin Spinners across 25 years, from founding to its latest funding, stage changes and deals.

  1. Founded Nitin Spinners is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round.

Web traffic of Nitin Spinners

The website of Nitin Spinners (nitinspinners.com) receives about 3.2K visits a month.

  • Monthly visits
    3.2K

    ▲ 19.7% vs previous month

Similar websites

Websites whose visitors overlap most with Nitin Spinners. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
citi.ynfx.com
citi.ynfx.com
100%
–
multivistaglobal.com
multivistaglobal.com
92%
#2,630,447–

Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Nitin Spinners (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Craftsman Automation
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M3,060
KRYFS
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Gokaldas Exports
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Nitin Spinners

Nitin Spinners sees stable yarn margins in FY27, targets ₹3,800 crore revenue - CNBC TV18
CNBCTV18 • 2 months ago
Nitin Spinners Q1 results: Profit surges 84% as margins widen on higher EBITDA - CNBC TV18
CNBCTV18 • 2 months ago
Stocks to buy: Arvind, Nitin Spinners, Sanathan Textiles - Emkay bullish on three textile stocks | Stock Market News
mint • 4 months ago
Nitin Spinners March-Quarter Profit From Continuing Operations 573.6 Million Rupees
Reuters • 5 months ago
Nitin Spinners Ltd Approves Power Supply And Share Purchase Agreement With CGE II Hybrid Energy
Reuters • 7 months ago
Textile exports largely unaffected by West Asia tensions: Nitin Spinners - CNBC TV18
CNBCTV18 • 7 months ago
This Indian smallcap fund beating 93% of peers bets on internet value stocks - The Economic Times
Economic Times • 8 months ago
Nitin Spinners Posts Sept-Quarter Profit From Cont Ops 347.9 Million Rupees
Reuters • 11 months ago
Nitin Spinners standalone net profit declines 2.68% in the June 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Nitin Spinners standalone net profit declines 66.69% in the September 2022 quarter
India Infoline • 1 year ago
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Frequently Asked Questions about Nitin Spinners

Nitin Spinners was founded in 1992 and raised its 1st funding round 25 years after it was founded.

Nitin Spinners is headquartered in Bhilwara, India. It is registered at Bhilwara, Rajasthan, India.

Nitin Spinners has 6,790 employees.

The primary company behind Nitin Spinners, Nitin Spinners Limited, reported revenue of ₹3,219 Cr for FY 2026, down 3% year on year.

Nitin Spinners was established in 1992 in Bhilwara, India, where operations center on the production of cotton yarn within the textile sector. Manufacturing processes are handled at facilities in the region, with distribution supported through the domain nitinspinners.com. Leadership is provided by Managing Director Dinesh Nolkha, identified by DIN 00054658, overseeing core activities in yarn fabrication and supply.

Nitin Spinners offers Yarns and Finished and Printed Woven Fabrics.

Yes, Nitin Spinners is publicly traded on NSE under the ticker symbol NITINSPIN.

Nitin Spinners operates through Nitin Spinners Limited.

The legal entities of Nitin Spinners currently have 8 directors, including Sudhir Kumar Garg, Purshottam Maheshwari, Dinesh Nolkha and others.

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