Nitin Spinners Limited

This company manufactures a variety of cotton yarns and fabrics for various industries and exports globally.

1992 | Bhilwara, Rajasthan (India) | Active
Last Updated:

Nitin Spinners Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 56.22 Cr
  • Company Age 32 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,161.70 Cr
  • Satisfied Charges ₹ 811.14 Cr
  • Revenue Growth -10.55%
  • Profit Growth -49.47%
  • Ebitda -54.41%
  • Net Worth 17.48%
  • Total Assets 21.58%

About Nitin Spinners

Nitin Spinners Limited (NSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 October 1992 and has a history of 32 years and five months. Its registered office is in Bhilwara, Rajasthan, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532698 and on the National Stock Exchange(NSE) under NITINSPIN.

The Corporate was formerly known as Nitin Spinners Private Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 60.00 Cr and a paid-up capital of Rs 56.22 Cr.

The company currently has active open charges totaling ₹2,161.70 Cr. The company has closed loans amounting to ₹811.14 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nitin Spinners Limited India are Sudhir Garg as COMPANY SECRETARY and Purshottam Maheshwari as Cfo. Dinesh Nolkha, Nitin Nolakha, Vibha Aren, and Three other members serve as directors at the Company.

Company Details

  • Location

    Bhilwara, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17111RJ1992PLC006987

  • Company No.

    006987

  • Stock Symbol

    BSE : 532698 NSE : NITINSPIN

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Oct 1992

  • Date of AGM

    16 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Jaipur

Industry

Manufacturing

What products or services does Nitin Spinners Limited offer?

Nitin Spinners Limited offers a wide range of products and services, including Apparel Fabrics & Clothing Textiles, Jersey & Knitted Fabric, Cotton Yarn, Compact Cotton Yarn.

Who are the key members and board of directors at Nitin Spinners?

Executive Team (3)

NameDesignationAppointment DateStatus
Nitin Nolakha Country flag representing In Managing Director01-Oct-2015Current
Sudhir Garg Country flag representing In Company Secretary19-Apr-2006Current
Purshottam Maheshwari Country flag representing In CFO06-May-2014Current

Board Members (5)

NameDesignationAppointment DateStatus
Rishabh Lodha Country flag representing In Director Current
Dinesh Nolkha Country flag representing In Whole-Time Director 01-Oct-2010Current
Vibha Aren Country flag representing In Director 06-Aug-2024Current
Rohit Mehta Country flag representing In Director 30-Dec-2021Current
Pratyush Nolakha Whole-Time Director 06-Aug-2024Current

Financial Performance of Nitin Spinners.

Nitin Spinners Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.55% decrease. The company also saw a substantial fall in profitability, with a 49.47% decrease in profit. The company's net worth Soared by an impressive increase of 17.48%.

Nitin Spinners revenue growth over time
Nitin Spinners profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-10.55%
Revenue from Operations
-10.61%
Total Assets
21.58%
Profit or Loss
-49.47%
Net Worth
17.48%
EBITDA
-54.41%

What is the Ownership and Shareholding Structure of Nitin Spinners?

In 2023, Nitin Spinners had a promoter holding of 56.41% and a public holding of 43.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,161.70 Cr

Satisfied Charges

₹811.14 Cr

Charges Breakdown by Lending Institutions

  • Others : 2161.70 Cr

Latest Charge Details

DateLenderAmountStatus
11 May 2022Others₹655.00 CrOpen
16 Aug 2018Others₹475.00 CrOpen
25 Feb 2016Others₹215.00 CrOpen
26 Nov 2014Others₹816.70 CrOpen
09 May 2019Others₹15.00 CrSatisfied

How Many Employees Work at Nitin Spinners?

Nitin Spinners has a workforce of 4123 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Nitin Spinners Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nitin Spinners, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nitin Spinners's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Nitin Spinners

Recent activity within the organization

  • Annual General Meeting

    Nitin Spinners Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.

  • Director Appointment

    Vibha Aren was appointed as a Director was appointed as a Director on 06 Aug 2024 & has been associated with this company since 7 months 22 days .

  • Director Appointment

    Pratyush Nolakha was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 06 Aug 2024 & has been associated with this company since 7 months 22 days .

  • Balance Sheet

    Nitin Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

  • Charges

    A charge with Others of Rs. 816.70 Cr registered on 26 Nov 2014 with Charge ID 10536921 was modified on 21 Jan 2023.

  • Charges

    A charge with Others of Rs. 655.00 Cr registered on 11 May 2022 with Charge ID 100573224 was modified on 06 Aug 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Nitin Spinners Limited?

    Nitin Spinners Limited was incorporated on 15 Oct 1992.

  • What is authorized share capital and paid-up capital of Nitin Spinners Limited?

    The authorized share capital of Nitin Spinners Limited is ₹ 60.00 Cr and paid-up capital is ₹ 56.22 Cr.

  • Who are the current board members & directors of Nitin Spinners Limited?

    Currently 8 directors are associated with Nitin Spinners Limited.

    • Dinesh Nolkha
    • Nitin Nolakha
    • Vibha Aren
    • Rishabh Chand Lodha
    • Rohit Swadheen Mehta
    • Pratyush Nolakha
    • Sudhir Kumar Garg
    • Purshottam Maheshwari

  • What is the registered address of Nitin Spinners Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nitin Spinners Limited is 16-17 K.M.Stone Chittor Road Hamirgarh, India, Bhilwara, Rajasthan, 311001.

  • What is the corporate identification number (CIN) and company number of Nitin Spinners Limited?

    The corporate identification number (CIN) of Nitin Spinners Limited is L17111RJ1992PLC006987 and the company number is 006987 as per Ministry of Corporate Affairs (MCA).

  • Is Nitin Spinners Limited registered with any stock exchange in India?

    Yes, Nitin Spinners Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): NITINSPIN.

  • What is the official website of Nitin Spinners Limited?

    The Official website of Nitin Spinners Limited is https://www.nitinspinners.com

  • What has been the recent revenue trend for Nitin Spinners Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Nitin Spinners Limited has fallen by -10.55%.

  • How many employees does Nitin Spinners Limited currently have?

    As Per 2023 financial reports, 4123 employees are currently employed by Nitin Spinners Limited.

  • What change has been observed in the net worth of Nitin Spinners Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Nitin Spinners Limited has experienced an upsurge of 17.48%.

  • What are the total open charges for Nitin Spinners Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Nitin Spinners Limited amount to ₹ 2,161.70 Cr.

  • When was the last Balance Sheet of Nitin Spinners Limited filed with the ROC?

    The most recent Balance Sheet for Nitin Spinners Limited was filed with the ROC on 31 Mar 2024.

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