Nitin Spinners Limited · NSE:NITINSPIN
Nitin Spinners — Q2 FY27 Earnings Presentation
32 slides from Nitin Spinners's earnings presentation, Oct 31, 2026
Slide 1: Stock exchange filing cover letter
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Slide 2: Capacity. Capability. Consistency.
Capacity. Capability. Consistency. The Integrated Advantage: Fibre to Finished Fabric Investor Presentation | Q2 FY27
Slide 3: Safe Harbors
Safe Harbors This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Index
Index 1) Q2 & H1 FY27 Performance Highlights 2) Growth Roadmap 3) The Integrated Advantage 4) Multi-fold Growth Over the Decade 5) Way Forward
Slide 5: Q2 & H1 FY27 Performance Highlights
Q2 & H1 FY27 Performance Highlights
Slide 6: Management Commentary
Management Commentary Commenting on the results, Mr. Dinesh Nolkha – Chairman and Managing Director said: “Q2FY27 has been a landmark quarter for the company, we achieved some key milestones together: highest-ever quarterly revenue, highest-ever quarterly exports and highest-ever quarterly revenue f
Slide 7: Performance Highlights
Performance Highlights Q2FY27 Revenue (in Rs. Crs) EBITDA (in Rs. Crs) EBITDA Margin (%) PAT (in Rs. Crs) +29.6% +471 bps +154.9% +76.2% 88.7 985.2 175.5 17.81 760.1 13.10 99.6 34.8 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 H1FY27 Revenue (in Rs. Crs) EBITDA (in Rs. Crs) EBITDA Margin
Slide 8: Business Mix
Business Mix Product Wise Breakup Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Q2 FY27 Q2 FY26 Products Rs. Crs % Rs. Crs % Rs. Crs % Rs. Crs % 5% 5% Yarn 728.8 74.0% 555.8 73.1% 1,362.3 73.2% 1,137.2 73.2% 21% 22% Fabrics 208.8 21.2% 164.5 21.6% 397.5 21.4% 335.4 21.6% 74% 73% Others 47.6 4.8% 39.8 5.2% 100.4 5
Slide 9: Production And Sales Volume
Production And Sales Volume Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Production More yarn now goes Yarn (MT) 27,117 26,346 53,651 53,548 into in-house fabric manufacturing Knitted Fabric (MT) 991 1,060 2,456 2,164 Woven & Finished Fabrics Griege Woven Fabric Production (Mn Mtrs) 9.69 9.11 19.21 17.83 Finishe
Slide 10: Profit And Loss Statement
Profit And Loss Statement Particulars (Rs. Crs) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Total Revenue 985.2 760.1 29.6% 1,860.2 1,553.4 19.8% EBITDA 175.5 99.6 76.3% 331.1 210.8 57.0% EBITDA Margin (%) 17.81% 13.10% 471 bps 17.80% 13.57% 423 bps Depreciation 38.2 37.3 75.8 74.1 Other Income 1.6 0.6
Slide 11: Balance Sheet Statement
Balance Sheet Statement Assets (Rs. Crs) Sept-26 Mar-26 Equity & Liabilities (Rs. Crs) Sept-26 Mar-26 Non-current assets 2,505.0 1,768.2 EQUITY 1,621.5 1470.7 Equity Share Capital 56.2 56.2 Property, Plant and Equipment 1,438.5 1489.1 Other Equity 1,565.3 1414.5 Capital Work-in-Progress 915.2 102.4
Slide 12: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Sept-26 Sept-25 Operating profit before working capital changes 334.2 215.7 Changes in working capital (88.1) 189.2 Cash generated from operations 246.0 404.9 Direct taxes paid (net of refund) (36.8) (24.6) Net Cash from Operating Activities 209.3 380.3 Net
Slide 13: Growth Roadmap
Growth Roadmap
Slide 14: Capex Update
Capex Update Annual Yarn Capacity Value Added Products Key Rationale (in Thousand Tonnes) 132 • Adding premium and value added products Fabric made from Dyed Yarn 110 22 • Widen product portfolio • To enter new markets • Integrated operations • Reduce operational costs • Reduce carbon footprint • Re
Slide 15: Strategic Growth Levers
Strategic Growth Levers Building a more profitable, more integrated and future-ready Nitin Spinners 01 02 03 04 05 Fibre-to-Fabric Structural Margin Premium Product Global Reach, FTA- Disciplined Growth integration Levers Portfolio Ready • ~60% of the new • Fabric mix adds 100- • Compact and Fine •
Slide 16: Capex Update - Cost Saving Initiatives
Capex Update - Cost Saving Initiatives Capacity Unit of Operational (MW) Power (in Cr.) Timeline Solar Power Existing Running Capacity 18.8 3.0 Fully Operational Ongoing Capex (Spinning/Weaving Expansion) Installed within Premises (Bhilwara Unit) 4.6 0.9 Fully Operational To be Installed within Prem
Slide 17: The Integrated Advantage
The Integrated Advantage From fibre to finished fabric, every part supports the next. Integration across spinning, knitting, weaving and processing
Slide 18: Nitin Spinners – At A Glance
Nitin Spinners – At A Glance India’s leading premier manufacturer of high-quality Cotton & Blended Yarn, Knitted Fabrics, & Finished and Printed Woven Fabrics H1FY27 State-of-the-art European & Global Manufacturing Machinery Installed across Bhilwara & Chittorgarh plants 1,860.2 Rs. Cr. 331.1 Rs. Cr
Slide 19: The Journey
The Journey 1993 1993 1999 1995 2002 2003 2005 2005 ▪ Commenced Operations with ▪ Total Installed Rotors ▪ Ventured into Ring Spinning by ▪ Ring Spinning Capacity Doubled to Open-End Spinning - Installed Reached 1,464 Installing 14,112 Spindles Forward 27,216 Spindles and Knitting 384 Rotors with an
Slide 20: Manufacturing Value Chain
Manufacturing Value Chain Cotton and blended fibres Supima, Giza, CMIA, Australian and US cotton, Organic cotton, BCI and Recycled Fibres, Polyester, Raw material Viscose, Linen, Modal, Flax and others. Open-end spinning Ring spinning Value-added equipment • Blow room • Blow room • Combers • Core Ly
Slide 21: Yarns – Company's Core Strength
Yarns – Company’s Core Strength PRODUCT PORTFOLIO GROWTH DRIVERS / BUSINESS OUTLOOK CAPACITY PROFILE • 100% Cotton Ring Spun Yarns from Ne 12 to Ne 30 Strategic emphasis on high-value yarn products: • 100% Cotton Compact Ring Spun Combed Yarns from Ne 12 to Ne 100 Addition of Cotton Linen, Cotton Mo
Slide 22: Fabrics – Value Addition To Drive Next Growth
Fabrics – Value Addition To Drive Next Growth CAPACITY PROFILE CAPACITY PROFILE GROWTH DRIVERS / BUSINESS OUTLOOK Focus on Finished Woven Fabrics: Finished 36 11,000 Addition of 35 Mn meters of new capacity to drive growth and capture higher-margin & MN MTR Knitted TONS Fabric opportunities Printed
Slide 23: Many Markets, One Standard
Many Markets, One Standard ▪ Key Countries Australia ▪ Kenya 61.9% FY26 Export Revenue ▪ Austria ▪ Lithuania ▪ Bangladesh ▪ Madagascar ▪ Belgium ▪ Malaysia ▪ Mauritius ▪ Brazil ▪ Mexico ▪ Bulgaria ▪ Morocco ▪ Canada ▪ Netherlands ▪ Chile ▪ Nepal ▪ China ▪ Peru ▪ Costa Rica ▪ Poland ▪ Colombia ▪ Port
Slide 24: CSR and Environment Sustainability Initiatives
CSR and Environment Sustainability Initiatives Conservation of water by installing Zero liquid discharge system, Construction of Women hostel in Sewage water treatment plant and Bhilwara Rainwater Harvesting Renewable Power capacity stood at Contribution for cotton ~41.4 MW. Further increasing devel
Slide 25: Awards And Certifications
Awards And Certifications Key Awards & Accolades Recent Awards Silver Trophy for Second Highest Exports of Grey Yarns in the category of Cotton Yarns for the years 2023-24 Gold Trophy for Highest Employment Generation (Overall) for the year 2023-24 Rajasthan Energy Conservation Award - Second Prize
Slide 26: Multi-fold Growth Over a Decade
Multi-fold Growth Over a Decade
Slide 27: Multi-fold Growth over a Decade
Multi-fold Growth over a Decade Steady Build-Up of Revenue EBITDA PAT Net Debt to Equity Ratio Operational Capacity Rs. Crs Rs. Crs Rs. Crs Over Time ~4.2x ~3.3x ~4.0x 3,214 453 178 1.71 Optimized Capacity 0.76 Utilization 767 137 44 FY16 FY26 FY16 FY26 FY16 FY26 FY16 FY26 Strong Balance Sheet Yarn
Slide 28: Historical Profit and Loss Statement
Historical Profit and Loss Statement Particulars (Rs. Crs) FY23 FY24 FY25 FY26 Total Revenue 2,406.7 2,905.7 3,305.7 3,213.9 EBITDA 297.1 377.1 471.4 452.8 EBITDA Margin (%) 12.34% 12.98% 14.26% 14.09% Depreciation 86.8 118.5 147.7 148.1 Other Income 3.3 2.3 3.6 5.0 Finance Cost 37.7 83.3 90.4 70.9
Slide 29: Historical Balance Sheet
Historical Balance Sheet Assets (Rs. Crs) Mar-23 Mar-24 Mar-25 Mar-26 Equity & Liabilities (Rs. Crs) Mar-23 Mar-24 Mar-25 Mar-26 Non-current assets 1,422.0 1,729.9 1,607.1 1,768.1 EQUITY 1,028.9 1,146.3 1,311.2 1470.7 Equity Share Capital 56.2 56.2 56.2 56.2 Property, Plant and Equipment 1,010.0 1,7
Slide 30: Historical Financials Highlights
Historical Financials Highlights Revenue EBITDA PAT Net Worth Rs. Crs Rs. Crs Rs. Crs Rs. Crs 3,306 3,214 471 175 178 1,471 453 165 1,311 2,906 377 1,146 2,407 132 1,029 297 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Return on Average Capital Employed (ROCE) Retu
Slide 31: Way Forward
Way Forward Strengthening the foundation today to build a more profitable, sustainable and future-ready Nitin Spinners Improve Market Share Proportion of Value-added 01 Improving Cost Efficiency Products Strive to improve market share with consistent and Continued focus on improving cost and product
Slide 32: Thank You
Thank You COMPANY INVESTOR RELATIONS ADVISORS Nitin Spinners Limited Strategic Growth Advisors Pvt. Ltd. CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P. Maheshwari, CFO Mr. Sudarshan Dhekane [email protected] [email protected] +91 9137013450 www.nitinspinners.com M