Nitin Spinners
Screener
BSE
Value Research
Content mentioned is just for my reference. Do your own analysis before investing.
Products: 100% Cotton Yarn and Knitted Fabrics
Plants located at Hamirgarh, District Bhilwara (Rajasthan)
Milestones
Assuming a net margin of 6-6.5% on sales of 1500 Cr, PAT for 2018-19 works out to be 90-100 cr. At PE of 10, company should sell for 1000 Cr by Mar 2019 compared to 600 Cr now giving an upside potential of 60%.
MP on 24 Feb 2018 @ 108
Lower resistance @ 105
Upper resistance @ 130 & 140
Screener
BSE
Value Research
Content mentioned is just for my reference. Do your own analysis before investing.
positive
- Feb 2018 - Revenue CAGR FY13-17 = 20%
PAT CAGR = 19%
EPS from 3.1 to 12.5
PE from 3 to 10
- Feb 2018 - Issue of 6,68,290 preferred shares @ Rs.120.5 per share aggregating to Rs 8,05,28,945.
- Dec2017 - Issue of 10,00,290 preferred shares @ Rs.120.5 per share aggregating to Rs 12,05,34,945
- Nov 2017 - Issue of 93,85,765 shares (QIP) @ Rs.115 per share aggregating to Rs108 Cr for loan repayment & general business use.
negative
ebidta - Reducing from 19% to 14.35%Business Information
Products: 100% Cotton Yarn and Knitted Fabrics
Plants located at Hamirgarh, District Bhilwara (Rajasthan)
Milestones
Year
|
Rotters
|
spindles
|
Knitting machine
|
Finished fabric
|
Dying
|
Power plans / Comments
|
1993
|
384
|
0
|
0
|
0
|
0
|
|
1999
|
1,464
|
0
|
0
|
0
|
0
|
|
2002
|
0
|
14112
|
7
|
0
|
0
|
|
2005
|
0
|
13,104
|
8th
|
0
|
0
|
|
2007
|
0
|
50,400
|
12
|
0
|
0
|
7.66 MW fuel oil based power plant
|
2008
|
2,000
|
0
|
0
|
0
|
0
|
10.5 MW captive thermal power plant
|
2015
|
0
|
72480
|
18
|
0
|
0
|
|
Feb 2017
|
0
|
72960
|
14
|
0
|
0
|
Capex 300 cr.Debt 250 cr.
|
Total
|
2,936
|
2,23,056
|
63
|
0
|
0
|
Topline to be 1100 cr
|
Total
|
50K ton of yarn / year
|
9k ton of fabric / year
|
0
|
0
|
||
Proposed in Dec 2017
|
18K ton of yarn / year
|
36 mn meters
|
50 mn meters
|
Capex of 650 Cr
50 acre of land
|
||
Next phase
|
knit fabric processing and printing
|
Capex of 350 Cr
|
||||
price range
Assuming a net margin of 6-6.5% on sales of 1500 Cr, PAT for 2018-19 works out to be 90-100 cr. At PE of 10, company should sell for 1000 Cr by Mar 2019 compared to 600 Cr now giving an upside potential of 60%.
MP on 24 Feb 2018 @ 108
Lower resistance @ 105
Upper resistance @ 130 & 140
