Nitin Spinners Limited has informed the Exchange about Transcript
NITINSPIN · price
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Nitin Spinners reported its highest-ever annual revenue of ₹3,305.65 crores in FY25, up 14% year-on-year, with exports of ₹2,111 crores rising 24%. EBITDA grew 25% to ₹471.43 crores with margin improving from 12.98% to 14.26%, and PAT jumped 33% to ₹175.43 crores. Q4 revenue was ₹841.29 crores (up 5% YoY) with PAT of ₹46.37 crores, and the board recommended a higher dividend of 30% versus 25% last year. Management announced a ₹1,100 crore capex plan expected to add ₹1,000 crores of revenue and improve margins by 100-150 bps, with completion by FY27-28 and peak debt of around ₹1,800 crores. Management noted current margins are about 300 bps below the company's normal range of 16-20%, citing Indian cotton prices being higher than international prices, but expects improvement in the second half. The company views recent US tariff changes and the UK FTA as positive for Indian textile exports versus competitors like China, Vietnam, and Bangladesh.
Strong FY25 results with record revenue, margin expansion, and higher dividend signal healthy operations, while the ₹1,100 crore capex plan and potential export tailwinds from tariffs and the UK FTA could drive next leg of growth. Short-term stock reaction may be muted since FY26 is expected to be flat with no new capacity coming online, and management did not guide on near-term margin improvement.