How has been the historical performance of Nitin Spinners?
Nitin Spinners has shown consistent growth in net sales, increasing from 1,242.51 Cr in Mar'19 to 3,305.65 Cr in Mar'25, but experienced fluctuations in operating profit and net income, peaking in Mar'22 before declining. Despite rising liabilities, the book value per share improved, indicating strengthened shareholder equity.
Answer:The historical performance of Nitin Spinners shows a consistent growth trajectory in net sales and profits over the years, with some fluctuations in operating metrics.Breakdown:
Nitin Spinners has demonstrated significant growth in net sales, increasing from 1,242.51 Cr in Mar'19 to 3,305.65 Cr in Mar'25. The total operating income followed a similar trend, rising from 1,242.51 Cr in Mar'19 to 3,305.65 Cr in Mar'25. However, the operating profit (PBDIT) experienced a peak in Mar'22 at 653.46 Cr, followed by a decline to 475.02 Cr in Mar'25. Profit before tax also showed fluctuations, peaking at 506.17 Cr in Mar'22 and settling at 236.94 Cr in Mar'25. The profit after tax reflected a similar pattern, with a high of 326.14 Cr in Mar'22 and a decrease to 175.43 Cr in Mar'25. The company's total liabilities increased from 1,436.28 Cr in Mar'19 to 2,716.65 Cr in Mar'24, indicating a rise in debt levels, which reached 1,339.11 Cr in Mar'24. Despite these increases in liabilities, the book value per share improved from 85.83 in Mar'19 to 203.9 in Mar'24, suggesting a strengthening of shareholder equity. Cash flow from operating activities peaked at 431 Cr in Mar'22 but decreased to 163 Cr in Mar'24, while cash flow from financing activities showed a positive trend, reaching 262 Cr in Mar'24. Overall, Nitin Spinners has shown resilience and growth in sales and profitability, albeit with some volatility in profit margins and cash flows.
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