Nitin Spinners Limited (NITINSPIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-143.0%

-₹286.11

vs ₹664.75 price

Levered DCF

-₹610.92

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.87×	10.58×	14.51×	7.68×	3.9×	6.59×	6.62×	7.84×
P/B	1.31×	1.42×	1.66×	1.23×	1.45×	0.81×	0.32×	1.04×
P/S	0.6×	0.56×	0.66×	0.53×	0.48×	0.28×	0.11×	0.41×
EV / EBITDA	6.66×	6.34×	8.61×	7.48×	3.02×	5.46×	6.97×	7.52×
Gross margin	17.1%	27.9%	21.4%	32.5%	33.9%	26.6%	20.4%	22.2%
Operating margin	9.5%	9.3%	8.1%	8.1%	20.1%	9.4%	6.3%	8.9%
Net margin	5.5%	5.3%	4.5%	6.9%	12.2%	4.3%	1.7%	5.2%
Current ratio	1.53×	1.71×	1.54×	1.5×	1.83×	1.27×	1.15×	1.43×
Debt / equity	0.76×	0.89×	1.17×	0.95×	0.79×	1.71×	2.11×	1.78×
Interest coverage	4.3×	3.39×	2.81×	5.13×	9.68×	2.47×	1.6×	3.79×
Dividend yield	0.9%	0.8%	0.7%	1.1%	1.3%	0.7%	5.4%	1.3%
Payout ratio	9.5%	8.0%	10.7%	8.5%	5.2%	4.9%	35.6%	10.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.1%	13.4%	11.5%	16.0%	37.2%	12.2%	4.8%	13.3%
Return on invested capital	8.3%	8.7%	6.7%	8.6%	20.4%	6.1%	3.8%	5.3%
Return on assets	6.1%	6.4%	4.8%	7.4%	17.9%	4.1%	1.4%	4.5%
Free cash flow yield	2.5%	15.4%	-34.2%	-19.1%	26.6%	31.4%	-75.4%	-75.6%
Earnings yield	9.2%	9.5%	6.9%	13.0%	25.6%	15.2%	15.1%	12.8%
Enterprise value	₹30.5B	₹30.1B	₹32.5B	₹22.5B	₹19.6B	₹14.2B	₹12B	₹13.6B
Net debt / EBITDA	2.44×	2.44×	3.55×	3.26×	1.06×	3.71×	6.05×	4.74×
Cash conversion cycle (days)	118	127	120	132	111	146	126	114