Nitin Spinners Limited

BSE: 532698 NSE: NITINSPIN
Nitin Spinners Limited - manufacturing in Bhilwara, Rajasthan, India. FY 2026 financials & compliance.
CIN L17111RJ1992PLC006987 Incorporated 15 October 1992 ROC Jaipur HQ Bhilwara, Rajasthan, India
Active Listed - NSE: NITINSPIN · BSE: 532698 Public Limited Company manufacturing
Data last updated
Market Cap
₹3,502 Cr
NITINSPIN · NSE
Share Price
₹605.20
-2.85% 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

About Nitin Spinners Limited

Data last updated:

Nitin Spinners Limited is a public limited company based in Bhilwara, Rajasthan, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 15 October 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN L17111RJ1992PLC006987. Its GSTIN is 08AAACN7529A1ZP (Rajasthan). It is a listed company as per MCA records. Its shares are listed on BSE: 532698 and NSE: NITINSPIN.

The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹56.22 Cr. It was formerly known as Nitin Spinners Private Limited. It is led by directors including Nitin Nolakha (Managing Director) and Dinesh Nolkha (Whole-Time Director).

Its last annual general meeting (AGM) was held on 21 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 16 – 17 K.M.Stone Chittor Road Hamirgarh, Bhilwara, Rajasthan, India – 311001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3,213.87 Cr, a decline of 2.8% compared to the previous year. For the same year it recorded a net profit of ₹177.5 Cr (net margin 5.5%) and EBITDA of ₹452.75 Cr (EBITDA margin 14.1%). The net worth stands at ₹1,470.73 Cr (up 12.2% YoY). Total assets are valued at ₹2,621.06 Cr (up 5.5% YoY).

The company has about 4,123 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Nitin Spinners. As per MCA filings, the company has open charges of ₹2,931.7 Cr and satisfied charges of ₹1,026.14 Cr on record. Court records list 78 cases involving the company, including 46 filed by the company and 32 filed against it; 10 cases are pending. The company has 40 deals on record (34 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.05 Cr; the latest was in February 2026. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 2 smaller; the largest is Sintex Industries Limited with revenue of ₹3,893.42 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nitinspinners.com.

Company details

CIN L17111RJ1992PLC006987
Registration Number 006987
Incorporation Date 15 October 1992
ROC Jaipur
Listing Status Listed - Listed on NSE (NITINSPIN); Listed on BSE (532698)
Company Status Active
Date of Last AGM 21 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Nitin Spinners has one previous CIN (Corporate Identification Number): U17111RJ1992PLC006987. The current CIN is L17111RJ1992PLC006987, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L17111RJ1992PLC006987Current
U17111RJ1992PLC006987Previous
Key People
Nitin Nolakha Managing Director Dinesh Nolkha Whole-Time Director Pratyush Nolakha Whole-Time Director

Contact details

Nitin Spinners Limited's registered office is in Bhilwara, Rajasthan. Its website is nitinspinners.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    nitinspinners.com
  • Registered Address
    16 – 17 K.M.Stone Chittor Road Hamirgarh, Bhilwara, Rajasthan, India – 311001
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Nitin Spinners Limited, buy the company report.

Comprehensive company report
Nitin Spinners Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Nitin Spinners operates one associated brand: Nitin Spinners. Each brand links to its own profile.

BrandDescriptionWebsite
Nitin Spinners
Cotton yarn is manufactured by Nitin Spinners in Bhilwara, India.nitinspinners.com

Business activity

The main business activity of Nitin Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Nitin Spinners Limited, buy the company report.

Financials of Nitin Spinners Limited

FY 2025-26 filings available

Nitin Spinners Limited reported revenue of ₹3,213.87 Cr (down 2.8% YoY) for FY 2025-26.

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

To see the full year-wise statements and ratios of Nitin Spinners Limited, buy the company report.

Board of directors of Nitin Spinners Limited

Nitin Spinners has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dinesh Nolkha
Also directs: Confederation of Indian Textile Industry, Redial Trading and Investment Pvt Ltd, Nitin Finance and Investment Private Limited and 2 more
Whole-Time Director01 Oct 201016 Years 0 MonthsCurrent
Nitin Nolakha
Also directs: Redial Trading and Investment Pvt Ltd, Nitin Finance and Investment Private Limited, Nitin Infra Developers Private Limited
Managing Director01 Oct 201511 Years 0 MonthsCurrent
Rohit Swadheen Mehta
Also directs: Swadheen Advisors LLP
Director30 Dec 20214 Years 9 MonthsCurrent
Vibha ArenDirector22 Jul 20242 Years 3 MonthsCurrent
Pratyush NolakhaWhole-Time Director22 Jul 20242 Years 3 MonthsCurrent
Rishabh Chand Lodha
Also directs: Star Paper Mills Ltd., Swadeshi Polytex Ltd
Director09 Nov 20232 Years 11 MonthsCurrent
View all directors

Peer comparison

Nitin Spinners Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sintex Industries Limited₹3,893.42 Cr (FY 2025)1.0%Kalol, Gujarat, India
Alok Industries Limited₹3,819.85 Cr (FY 2025)-31.0%Silvassa, Dadra and Nagar Haveli, India
Garden Silk Mills Private Limited₹3,608.13 Cr (FY 2025)27.0%Kolkata, West Bengal, India
Nahar Spinning Mills Ltd₹3,318.91 Cr (FY 2025)8.0%Ludhiana, Punjab, India
Nitin Spinners Limitedthis company₹3,213.87 Cr (FY 2026)₹177.5 Cr5.5%-2.8%4,123Bhilwara, Rajasthan, India
Sangam (India) Limited₹2,872.32 Cr (FY 2025)9.0%Bhilwara, Rajasthan, India
Mafatlal Industries Limited₹2,845.53 Cr (FY 2025)33.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Nitin Spinners Limited, buy the company report.

Auditor

Nitin Spinners Limited is audited by KALANI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KALANI & CO.FY 2023000722C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 56.70%, foreign institutional investors hold 1.90%, domestic institutional investors hold 14.70% and retail and other public shareholders hold 26.70%.

Promoters: 56.70%DII (Domestic Institutional): 14.70%FII (Foreign Institutional): 1.90%Retail & Others: 26.70%
Sep 2026
QUARTER
56.70% Promoters
14.70% DII (Domestic Institutional)
1.90% FII (Foreign Institutional)
26.70% Retail & Others
Promoter holding - history
Now 56.70% · Sep 2026High 56.70% · Mar 2026Low 56.60% · Dec 2025
55%55.8%56.5%57.3%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.60%Mar 2026: 56.70%Jun 2026: 56.70%Sep 2026: 56.70%56.70%56.60%56.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.70%56.70%56.70%56.60%
Public43.30%43.30%43.30%43.40%

Charges & borrowings

Open charges
₹2,931.7 Cr
Satisfied charges
₹1,026.14 Cr
Breakdown by lending institutions
Others₹2,931.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Apr 2026101287643Others₹170 CrOpen
11 Jul 2025101125622Others₹815 CrOpen
11 May 2022100573224Others₹655 CrOpen
16 Aug 2018100197812Others₹475 CrOpen
26 Nov 201410536921Others₹816.7 CrOpen

To see the full charge records of Nitin Spinners Limited, buy the company report.

Total charge records: 65 View all charges

Deals & funding

Nitin Spinners Limited has 40 deals on record (34 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.05 Cr; the latest was in February 2026.

Total deals
40
Market trades
34
Secondary share transfers
3
Funding rounds
2
QIP
1
Disclosed funding
₹12.05 Cr

Deals on record (5 of 40)

WhenDealAmountParties
Feb 2026Market trade₹13.47 CrBuyer: Junomoneta Finsol Private Limited
Seller: Junomoneta Finsol Private Limited
Feb 2026Market trade₹43.82 CrBuyer: Irage Broking Services LLP , NK Securities Research Private Limited
Seller: Irage Broking Services LLP , NK Securities Research Private Limited
Feb 2026Market trade₹260.74 CrBuyer: Microcurves Trading Private Limited , NK Securities Research Private Limited , Irage Broking Services LLP
Seller: Microcurves Trading Private Limited , NK Securities Research Private Limited , Junomoneta Finsol Private Limited
Feb 2026Market trade₹13.85 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited
Jul 2024Market trade₹18.95 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of Nitin Spinners Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Nitin Spinners Limited was last rated by Care on 25 Jul 2022.

Rating agencyRated onRating
Care25 Jul 2022

To see the full credit ratings and regulatory alerts of Nitin Spinners Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Nitin Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Nitin Spinners Limited has a workforce of 4,123 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
4,123
Active EPFO establishments
1
Employee growth
33.86%

GST

Nitin Spinners has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
08AAACN7529A1ZPRajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Nitin Spinners Limited, buy the company report.

Recent activity

Nitin Spinners Limited has 24 board changes on record since 1992: 15 appointments and 9 cessations. The latest: Aditi Mehta ceased to be Director on 27 Jul 2024.

AGM
Nitin Spinners Limited last Annual general meeting of members was held on 21 Sep 2026 as per latest MCA records.
Charges
A charge with Others of Rs. 170.00 Cr registered on 20 Apr 2026 with Charge ID 101287643 was modified on 18 Sep 2026.
Charges
A charge with Others of Rs. 815.00 Cr registered on 11 Jul 2025 with Charge ID 101125622 was modified on 18 Sep 2026.
Charges
A charge with Others of Rs. 655.00 Cr registered on 11 May 2022 with Charge ID 100573224 was modified on 18 Sep 2026.
Charges
A charge with Others of Rs. 475.00 Cr registered on 16 Aug 2018 with Charge ID 100197812 was modified on 18 Sep 2026.
Charges
A charge with Others of Rs. 816.70 Cr registered on 26 Nov 2014 with Charge ID 10536921 was modified on 18 Sep 2026.
Charges
A charge with Others amounted to Rs. 170.00 Cr with Charge ID 101287643 was registered on 20 Apr 2026.
Filing
Nitin Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Jaipur.
Charges
A charge with Others amounted to Rs. 815.00 Cr with Charge ID 101125622 was registered on 11 Jul 2025.
Charges
A charge registered on 25 Feb 2016 via Charge ID 10625525 with Others was fully satisfied on 14 Jan 2025.
Ceased
Aditi Mehta ceased to be Director.
Ceased
Rabisankar Chattopadhyay ceased to be Director.

187 earlier events are in the company report.

News

Frequently asked questions

Nitin Spinners is an active public limited company based in Bhilwara, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 15 October 1992 (34+ years old) and is registered under CIN L17111RJ1992PLC006987. Listed on BSE: 532698 and NSE: NITINSPIN.

Nitin Spinners reported revenue of ₹3,213.87 Cr for FY 2025-26 (down 2.8% YoY) based on standalone financials.

Nitin Spinners has 6 current directors:

The latest financial statements of Nitin Spinners on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Nitin Spinners is 08AAACN7529A1ZP, registered in Rajasthan.

The CIN (Corporate Identification Number) of Nitin Spinners is L17111RJ1992PLC006987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Nitin Spinners is a listed company as per MCA records. Its shares are listed on both BSE (code: 532698) and NSE (symbol: NITINSPIN).

Nitin Spinners has 78 court cases on record: 46 filed by the company and 32 filed against it. 10 are pending. Most are in the high courts.

Nitin Spinners was incorporated on 15 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Jaipur.

Nitin Spinners has 40 deals on record (34 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.05 Cr; the latest was in February 2026.

The peers of Nitin Spinners by revenue are Sintex Industries Limited, Alok Industries Limited, Garden Silk Mills Private Limited, Nahar Spinning Mills Ltd, Sangam (India) Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).