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Nitin Spinners

Nitin Spinners

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Highlights

Performing rate for the company

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Profit & Loss ( Figures in Rs. Crores.)

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Balance Sheet ( Figures in Rs. Crores.)

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Cash Flows ( Figures in Rs. Crores.)

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Historical Growths

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Ratios ()

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Major Shareholders

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Shareholders more than 1%

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Fund houses invested in the stock (Figures in % Equity Capital )

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Corporate Action

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Documents

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Credit Rating

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Overview

Incorporated in 1992, Nitin Spinners Ltd (India) is involved in the production and trading of cotton yarn and knitted fabrics. Nitin Spinners Ltd is based in the Textile City of India, Bhilwara. India’s leading manufacturer of cotton yarn and knitted fabrics is a Government of India Recognized Export House. 

The company has been serving the textile industry for twenty-five years. It aims at broadening its merchandise station to satisfy the growing requirements of the automotive market and is enthusiastic to expand its horizons in its product lines. Its trading network is spread across eleven states of the country to create maximum value for its customers. Nitin Spinners Ltd. is also engaged in the exports business stretching all over Europe, the USA, Africa, South America and Asian countries. The company is also listed on the Bombay and National Stock Exchange list.

 

MERGERS AND ACQUISITIONS

The company had incorporated in 1992 as a private Limited Company with the name Nitin Spinners Pvt Ltd. The company was converted into a public limited company in 1994.

The pioneer yarn manufacturer that established its first manufacturing unit in Bhilwara, Rajasthan, emerged as a leading yarn and cotton exporter across the globe. 

 

SERVICES

The company has an extensive and exemplary range of products which they offer to their global customers

  • Fancy Slub Yarns
  • Compact Core-Spun Yarns
  • Lycra Blended Fabrics
  • Interlock structures
  • Siro Yarns
  • weaves like Twills, Gabardines, Broken Twil and many more
  • Water Repellant fabrics
  • Yarn-dyed, Special Finished Fabrics
  • teabags
  • 3 T Fleece fabrics
  • S & Z Twist Yarns
  • Terry Towel
  • medical fabrics
  • Industrial and Protective wear
  • cotton knitted fabrics with up to 10% elasticity
  • Dye-able cheese/cones
  • winter wear
  • sportswear
  • Hotel apparel
  • Poly/Cotton spandex Fabrics
  • defence apparel
  • Woven and knitted Apparels
  • 100% Organic Cotton Yarns and Blends
  • Fashion and image wear

 

MILESTONES

The yarn manufacturer commenced operations in 1993 with about 400 rotors. 

2002- Initiated ring Spinning and knitted fabrics production with the help of spindles. 

In 2018 they raised additional Equity capital of Rs. 108 crores. In 2014 Nitin Spinners (India) Ltd declared its maiden Dividend.

During the fiscal year 2019-20, an integrated textile mill was established at Begun, District Chittorgarh to fulfil demands of spun, woven and finished goods. 

In 2008, they received a quality certification ISO(9001), followed by Environment and Energy Management System certifications ISO 14000 and ISO 50001. 

 

AWARDS AND RECOGNITIONS

Udaipur Chamber of Commerce & Industry awarded the textile manufacturer with UCCI Excellence Award for three consecutive years, 2017, 2018 and 2019.  

Nitin spinners limited bagged Texprocil Silver Plaque award for the second Highest Exports in the fiscal year 2018. 

Shri Dinesh Nolkha, Managing Director of the company, was honoured with CA Business Leader – Mid Corporate – Manufacturing & Infrastructure award in 2019. 

The company was awarded Rajasthan Energy Conservation Award in 2015, 2016 and 2018.

Texprocil Bronze Trophy was handed over to Nitin Spinners Limited for the third-highest export of cotton yarn for the Fiscal Year 2016.  

The company is the Recognized Export House by the government of India and has received a quality certification OSHAS for occupational safety and SA 8000 for Social accountability.

 

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Brands Of Nitin Spinners

Brands Of Nitin Spinners

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