Nitin Spinners (BOM:532698) ROCE %: 17.59% (As of Mar. 2026)


BOM:532698 Nitin Spinners Ltd BOM:532698
70 GF Score
Price ₹564.50
GF Value ₹397.48
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Nitin Spinners ROCE %?

Nitin Spinners BOM:532698 +1.30% 70 ROCE % is 17.59% as of Mar. 2026. GuruFocus rates BOM:532698 with a GF Score™ of 70/100 and a GF Value™ of ₹397.48 (Significantly Overvalued). The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nitin Spinners's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.59%.

Nitin Spinners  (BOM:532698) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nitin Spinners ROCE % Related Terms

Nitin Spinners ROCE % Historical Data

* Premium members only.

The historical data trend for Nitin Spinners's ROCE % 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 ROCE % Chart

Nitin Spinners Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.58 13.52 13.55 15.77 14.60

Nitin Spinners Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.29 14.68 12.31 14.73 17.59
BOM:532698
70GF Score
Nitin Spinners Ltd BOM:532698
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitin Spinners ROCE % Calculation

Nitin Spinners's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3096.264/( ( (27323.197 - 6566.159) + (29146.079 - 7502.501) )/ 2 )
=3096.264/( (20757.038+21643.578)/ 2 )
=3096.264/21200.308
=14.60 %

Nitin Spinners's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=3808.176/( ( (0 - 0) + (29146.079 - 7502.501) )/ 1 )
=3808.176/( ( 0 + 21643.578 )/ 1 )
=3808.176/21643.578
=17.59 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 17.59% mean?
Nitin Spinners (BOM:532698) has a ROCE % of 17.59% as of Mar. 2026.
Is Nitin Spinners' ROCE % too high?
Nitin Spinners' current ROCE % is 17.59%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.12. Nitin Spinners' value of 17.59% is 187.4% above this industry median. Overall, Nitin Spinners has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Spinners' ROCE % compare to competitors?
Nitin Spinners' ROCE % of 17.59% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.12. Nitin Spinners' value of 17.59% is 187.4% 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 ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.12, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitin Spinners's current ROCE % of 17.59% is 187.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Spinners's current ROCE % is 17.59%. 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 ₹397.48, compared to a current price of ₹564.50 — trading 42% above its estimated fair value. The current ROCE % is 17.59% and 187.4% above the Manufacturing - Apparel & Accessories industry median of 6.12. Nitin Spinners' overall GF Score™ is 70/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nitin Spinners (BOM:532698), the current ROCE % is 17.59% as of Mar. 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 ₹564.50 is trading 42% above its estimated GF Value™ of ₹397.48. GuruFocus considers Nitin Spinners to be Significantly Overvalued.

Key valuation signals for BOM:532698:

  • ROCE %: 17.59%
  • GF Value™: ₹397.48 vs. price of ₹564.50 (42% above fair value)
  • GF Score™: 70/100 with 10 warning signs
  • Industry Position: 187.4% above the Manufacturing - Apparel & Accessories median

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 Business Description

Other Exchanges NITINSPIN:India
Address Chittor Road, 16-17 Km. Stone, Hamirgarh, Bhilwara, RJ, IND, 311025
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.
70GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹564.50
Price
₹397.48
GF Value