Nitin Spinners Ltd Textiles

Market Cap.: ₹ 395.74 Cr.

Current Price: ₹ 86.35

Book Value: ₹ 50.60

Stock P/E: 8.19

Dividend Yield: 1.16%

Face Value: ₹ 10.00

good looking on radar

can invest if price is down CFO is good almost as good as Ambika

Net Profit : 48.31

why? Good management.. good business industry in India. good location of factory in Rajsthan .. No issues like Welspun as mostly selling yarn .. good management .. reduced debt.. less P/E high growth prospect at this position..can be like Ambika..sales are growing

bad: annual letter is just okay not like annika not so impressive .. general stuff.. not so good management as Ambika ..

not a lot of margin business .. too much competition good competitors like Arvind , KPR mill, Welspun, Vardhman, 

debt is more  


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