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Live Chart Being Loaded With Signals

Commentary (13 May 2024 @ 05:59):

Stats
Today's Volume	129 476
Average Volume	103 177
Market Cap	19.08B
EPS	INR0 ( 2024-05-10 )
Next earnings date	( INR0 ) 2024-08-03
Last Dividend	INR2.50 ( 2023-09-11 )
Next Dividend	INR0 ( N/A )
P/E	14.56
ATR14	INR0.614 (0.18%)

Volume Correlation

Long: -0.08 (neutral)

Short: 0.75 (moderate)

Signal:(69.735) Neutral

Nitin Spinners Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Nitin Spinners Limited Correlation - Currency/Commodity

-0.18
( neutral )

-0.15
( neutral )

-0.41
( neutral )

-0.21
( neutral )

0.54
( weak )

Nitin Spinners Limited Financials

Annual	2023
Revenue:	INR29.06B
Gross Profit:	INR4.43B (15.24 %)
EPS:	INR23.39

FY	2023
Revenue:	INR29.06B
Gross Profit:	INR4.43B (15.24 %)
EPS:	INR23.39

FY	2022
Revenue:	INR24.07B
Gross Profit:	INR7.76B (32.23 %)
EPS:	INR29.32

FY	2022
Revenue:	INR26.64B
Gross Profit:	INR9.02B (33.87 %)
EPS:	INR58.01

Financial Reports:

No articles found.

Nitin Spinners Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR2.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR2.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Nitin Spinners Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 7.30 - good (73.04%) | Divividend Growth Potential Score: 3.02 - Decrease likely (39.58%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.750	2014-09-02
Last Dividend	INR2.50	2023-09-11
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	11	--
Total Paid Out	INR15.00	--
Avg. Dividend % Per Year	0.97%	--
Score	2.55	--
Div. Sustainability Score	7.30
Div.Growth Potential Score	3.02
Div. Directional Score	5.16	--

Next Divdend (Est)
(2024-06-10)

INR2.79 Estimate 3.18 %

Dividend Stability

0.25 Very Poor

Dividend Score

2.55

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR1.200	1.19%
2019	INR1.250	1.31%
2020	INR0.600	1.13%
2021	INR1.500	2.08%
2022	INR4.00	1.47%
2023	INR2.50	1.21%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
ROUTE.NS	Dividend Knight	2023-09-06	Semi-Annually	4	0.38%
LFIC.NS	Dividend Junior	2023-08-01	Annually	15	1.73%
FORTIS.NS	Dividend Junior	2023-07-20	Insufficient data to determine frequency	2	0.12%
APLAPOLLO.NS	Ex Dividend Junior	2023-09-01	Sporadic	13	0.07%
TDPOWERSYS.NS	Dividend Junior	2023-08-02	Annually	13	0.31%
OIL.NS	Dividend Knight	2023-08-25	Semi-Annually	15	4.28%
INFOBEAN.NS	Dividend Junior	2023-07-21	Annually	7	0.37%
COMPUSOFT.NS	Dividend Junior	2023-09-13	Annually	13	1.51%
SHALBY.NS	Dividend Junior	2023-08-08	Annually	6	0.51%
MANAKCOAT.NS	Dividend Junior	2023-08-22	Sporadic	4	0.09%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0453	1.500	9.09	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0484	1.200	8.39	10.00	[0 - 0.3]
returnOnEquityTTM	0.122	1.500	9.76	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.537	0.800	7.32	5.85	[1 - 3]
quickRatioTTM	0.501	0.800	-1.757	-1.406	[0.8 - 2.5]
cashRatioTTM	0.000631	1.500	-1.108	-1.661	[0.2 - 2]
debtRatioTTM	0.493	-1.500	1.785	-2.68	[0 - 0.6]
interestCoverageTTM	3.11	1.000	9.96	9.96	[3 - 30]
operatingCashFlowPerShareTTM	63.07	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	-48.04	2.00	-10.00	-10.00	[0 - 20]
debtEquityRatioTTM	1.168	-1.500	5.33	-7.99	[0 - 2.5]
grossProfitMarginTTM	0.245	1.000	9.24	9.24	[0.2 - 0.8]
operatingProfitMarginTTM	0.0892	1.000	-0.216	-0.216	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.265	1.000	9.64	9.64	[0.2 - 2]
assetTurnoverTTM	1.070	0.800	6.20	4.96	[0.5 - 2]
Total Score				7.30

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	14.32	1.000	8.65	0	[1 - 100]
returnOnEquityTTM	0.122	2.50	9.85	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	-48.04	2.00	-10.00	-10.00	[0 - 30]
dividendYielPercentageTTM	0.746	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	63.07	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-0.290	1.500	-5.26	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.122	1.000	9.45	0	[0.1 - 0.5]
Total Score				3.02

Nitin Spinners Limited

Nitin Spinners Limited manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India. The company offers ring spun carded, ring spun, compact ring spun combed, compact ring spun, blended ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, BCI/TBC certified, Supima and Giza certified, contamination free, zero and eli twist, and open end yarns; poly /cotton blended open end yarns; combed, compact, and carded multi-fold ring spun yarns; and yarns made out of recycled fibers, as well as dye able cheese/cones used in woven and knitted apparel, furnishing fabrics, denims, terry towel, medical fabrics, tea bags, and bed linen. It also provides single jersey, Lycra blended, pique structured, interlock structured, rib structured, and 3 T fleece fabrics used in inner, comfort, sports, baby, and winter wears. In addition, the company offers finished and printed woven fabrics used in fashion and image wears, uniforms, health care apparels, hotel apparels, industrial and protective apparels, and defense apparels. It also exports its products to approximately 50 countries. The company was incorporated in 1992 and is headquartered in Bhilwara, India.