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Nitin SpinnersBOM:532698 +0.24%80 Forward PE Ratio is 12.46 as of Sep. 21, 2026. GuruFocus rates BOM:532698 with a GF Score™ of 80/100 and a GF Value™ of ₹413.83 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 248 Manufacturing - Apparel & Accessories companies, Nitin Spinners ranks worse than 51.61% on this metric.
Nitin Spinners (BOM:532698) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Nitin Spinners Forward PE Ratio Related Terms
Nitin Spinners Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Nitin Spinners's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nitin Spinners Forward PE Ratio Chart
Nitin Spinners Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
7.65
10.23
Nitin Spinners Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
10.53
7.65
10.51
10.37
8.87
10.23
16.06
Nitin Spinners Forward PE Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Nitin Spinners's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nitin Spinners Forward PE Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Nitin Spinners's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Nitin Spinners (BOM:532698) has a Forward PE Ratio of 12.46 as of Sep. 21, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Nitin Spinners and its competitors. According to the industry distribution chart, Nitin Spinners ranks #128 out of 248 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.6%.
Is Nitin Spinners' Forward PE Ratio too high?
Nitin Spinners' current Forward PE Ratio is 12.46. The Manufacturing - Apparel & Accessories industry median Forward PE Ratio is 12.27. Nitin Spinners' value of 12.46 is 1.6% above this industry median. Based on the distribution chart, Nitin Spinners ranks #128 out of 248 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Nitin Spinners has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Spinners' Forward PE Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitin Spinners ranks #128 out of 248 companies for Forward PE Ratio. This places Nitin Spinners in the lower half of its industry. The industry median Forward PE Ratio is 12.27. Nitin Spinners' value of 12.46 is 1.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Manufacturing - Apparel & Accessories company?
The median Forward PE Ratio among Manufacturing - Apparel & Accessories companies is 12.27, based on 248 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitin Spinners's current Forward PE Ratio of 12.46 is 1.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Nitin Spinners and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Forward PE Ratio is 12.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Spinners's current Forward PE Ratio is 12.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Spinners stock overvalued right now?
Based on GuruFocus' analysis, Nitin Spinners (BOM:532698) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹413.83, compared to a current price of ₹619.80 — trading 49.8% above its estimated fair value. The current Forward PE Ratio is 12.46 and 1.6% above the Manufacturing - Apparel & Accessories industry median of 12.27. Nitin Spinners' overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Nitin Spinners (BOM:532698), the current Forward PE Ratio is 12.46 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nitin Spinners (BOM:532698) Overvalued in 2026?
Based on GuruFocus' analysis, Nitin Spinners stock appears to be overvalued.
The current stock price of ₹619.80 is trading 49.8% above its estimated GF Value™ of ₹413.83.
GuruFocus considers Nitin Spinners to be Significantly Overvalued.
Key valuation signals for BOM:532698:
Forward PE Ratio: 12.46
GF Value™: ₹413.83 vs. price of ₹619.80 (49.8% above fair value)
Industry Position: 1.6% above the Manufacturing - Apparel & Accessories median (#128 of 248)
No single metric tells the full story. See the BOM:532698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitin Spinners Ltd is an Indian company engaged in the textile business. It manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The yarn product, which is the key revenue driver, includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three thread fleece. The company carries out sales within India as well as exports to other countries.
80GF Score
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