Which companies are Nitin Spinners's closest peers?

The cockpit's peer set: Jindal Worldwide (JINDWORLD.NS), GHCL (GHCL.NS), Filatex India (FILATEX.NS), Alok Industries (ALOKINDS.NS), Mayur Uniquoters (MAYURUNIQ.NS), Sangam (India) (SANGAMIND.NS), Sanathan Textiles (SANATHAN.NS), Kusumgar (KUSUMGAR.NS).

How has Nitin Spinners stock performed?

Over six months to 6 Nov 2026 the shares returned +33.0% against +10.5% for the median peer; over one year +101.8%.

← CockpitCompetitor Analysis › NITINSPIN.NS Nitin Spinners LimitedOpen in the cockpit ↗

Nitin Spinners LimitedNITINSPIN.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Textiles

Momentum leader 90

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$390M

US dollars, full cap

Free float

43%

of shares outstanding

$/day

$1.30M

20-day average traded

Fwd P/E

12.8×

forward earnings

ROIC−WACC

+6.6 pp

WACC 11.1%

Hurdle

-8 pp

Req g minus delivered

Next earnings

90 days

4 Feb 2027

Close · INR₹655.55

1D-1.1%

1W+0.7%

1M+6.5%

3M+14.5%

6M+33.0%

YTD+108.2%

1Y+101.8%

ATR %4.5%

Beta0.78

52w lowhigh6.0% off high

What Nitin Spinners does

Employees: 6,693

Nitin Spinners at a glance

Size Nitin Spinners (NITINSPIN.NS) is an India Materials company (Textiles) with a market value of $390M, the 953rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹655.55 on 6 Nov 2026.

Performance Over six months the shares gained 33.0%, against +10.5% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 14 in its peer set.

Growth Revenue was unchanged over the last twelve months (peer median +1.8%); the operating margin is 10.6% (peer median 6.3%).

Valuation It trades at 12.8× forward earnings against a peer median of 23.2× (3rd cheapest of 10).

Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -8 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 6.6 points above its cost of capital (11.1% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Nitin Spinners against the median of its 14 peers (local-currency closes).

Nitin Spinners financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹33.0B	₹31.9B	₹32.8B	₹28.8B	₹23.9B
Revenue growth	—	-3%	+14%	+21%	—
Gross profit	₹6.02B	₹4.07B	₹4.41B	₹3.27B	₹2.70B
EBITDA	₹4.97B	₹4.33B	₹4.54B	₹3.58B	₹2.80B
Net income	₹2.12B	₹1.78B	₹1.75B	₹1.32B	₹1.65B
Free cash flow	n/a	₹481M	₹1.95B	-₹7.37B	-₹2.79B
Capital expenditure	n/a	₹2.92B	₹217M	₹8.17B	₹4.35B
Total debt	n/a	₹11.2B	₹11.6B	₹13.4B	₹9.80B

Quarterly statements and history in the cockpit →

Nitin Spinners competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Nitin Spinners is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nitin Spinners is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nitin Spinners is the large dot.

Nitin Spinners competitors and peer comparison

How Nitin Spinners compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nitin Spinners against its 14 peers (data as of 6 Nov 2026)
Measure	NITINSPIN.NS	Peer median	Rank in peer set
1-month return	+6.5%	-4.4%	2nd highest of 15
6-month return	+33.0%	+10.5%	5th highest of 14
Distance from 52-week high	-6.0%	-20.0%	highest of 15
Revenue growth (TTM)	0.0%	+1.8%	5th lowest of 14
Operating margin	10.6%	6.3%	4th highest of 14
Forward P/E	12.8×	23.2×	3rd cheapest of 10
Growth the price implies (Req g, 7 yrs)	6.8%	20.8%	3rd least demanding of 10
Growth delivered (Del g)	+14.7%	+7.9%	highest of 10
Hurdle (Req g minus delivered)	-7.9 pp	+8.2 pp	least demanding of 10
ROIC minus cost of capital	+6.6 pp	-3.0 pp	highest of 14
EV / EBITDA	7.4×	12.9×	2nd cheapest of 12
Net debt / EBITDA	2.2×	1.5×	5th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Nitin Spinners NITINSPIN.NS	India	$390M	+33%	0%	11%	12.8×	6.8%	+14.7%
Jindal Worldwide JINDWORLD.NS	India	$399M	+39%	-2%	5%	n/a	21.9%	+6.0%
GHCL GHCL.NS	India	$406M	-21%	+2%	20%	7.7×	-2.5%	+4.2%
Filatex India FILATEX.NS	India	$427M	+100%	0%	6%	n/a	20.8%	+13.3%
Alok Industries ALOKINDS.NS	India	$442M	-41%	+6%	-4%	n/a	n/a	n/a
Mayur Uniquoters MAYURUNIQ.NS	India	$344M	+23%	+16%	22%	14.7×	14.8%	+13.6%
Sangam (India) SANGAMIND.NS	India	$310M	+10%	+12%	9%	n/a	n/a	n/a
Sanathan Textiles SANATHAN.NS	India	$500M	+21%	+77%	5%	23.2×	n/a	n/a
Kusumgar KUSUMGAR.NS	India	$612M	n/a	n/a	n/a	34.7×	n/a	n/a
Raymond RAYMOND.NS	India	$761M	+111%	-6%	6%	79.4×	n/a	n/a
Kolon Ind 120110.KS	South Korea	$858M	-61%	+2%	4%	4.9×	4.2%	+4.2%
Indo Count Industries ICIL.NS	India	$1.03B	+68%	+19%	8%	29.7×	31.4%	+10.5%
Aditya Birla Real Estate ABREL.NS	India	$1.26B	-33%	-26%	-19%	n/a	39.6%	-30.9%
Trident TRIDENT.NS	India	$1.29B	-11%	-4%	11%	17.1×	18.5%	+7.9%
Arvind ARVIND.NS	India	$1.43B	+10%	+19%	8%	26.6×	21.1%	+12.8%

Questions

Which companies are Nitin Spinners's closest peers?: The cockpit's peer set: Jindal Worldwide (JINDWORLD.NS), GHCL (GHCL.NS), Filatex India (FILATEX.NS), Alok Industries (ALOKINDS.NS), Mayur Uniquoters (MAYURUNIQ.NS), Sangam (India) (SANGAMIND.NS), Sanathan Textiles (SANATHAN.NS), Kusumgar (KUSUMGAR.NS).
Is Nitin Spinners expensive compared with its peers?: On forward p/e it trades at 12.8× against a peer median of 23.2×, 3rd cheapest of 10 in its peer set. For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -8 pp: the price already allows for a slowdown.
How has Nitin Spinners stock performed?: Over six months to 6 Nov 2026 the shares returned +33.0% against +10.5% for the median peer; over one year +101.8%.