Nitin SpinnersBOM:532698 +1.94%70 Dividend Yield % is 0.53% as of Jul. 01, 2026, which is 47% below its 10-year median of 1.00. GuruFocus rates BOM:532698 with a GF Score™ of 70/100 and a GF Value™ of ₹396.47 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 525 Manufacturing - Apparel & Accessories companies, Nitin Spinners ranks worse than 86.29% on this metric.
As of today (2026-07-01), the Trailing Annual Dividend Yield of Nitin Spinners is 0.53%.
Warning Sign:
Nitin Spinners Ltd stock Dividend Yield % is close to 3-year low.
The historical rank and industry rank for Nitin Spinners's Dividend Yield % or its related term are showing as below:
BOM:532698'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.24 Med: 1 Max: 4.6
Current: 0.53
During the past 13 years, the highest Dividend Yield of Nitin Spinners was 4.60%. The lowest was 0.24%. And the median was 1.00%.
BOM:532698's Dividend Yield % is ranked worse than 86.29% of 525
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.86
vs BOM:532698: 0.53
During the past 12 months, Nitin Spinners's average Dividends Per Share Growth Rate was 20.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 23.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 13.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nitin Spinners was 60.90% per year. The lowest was -20.60% per year. And the median was 7.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Nitin Spinners's Dividend Yield % 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.
For the Textile Manufacturing subindustry, Nitin Spinners's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Nitin Spinners's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Nitin Spinners Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 3.000000
2025-08-29
2025-08-31
2025-09-16
Cash Dividend
annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Nitin Spinners's Trailing Annual Dividend Yield (%) for Today is calculated as
* 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 (BOM:532698) has a Dividend Yield % of 0.53% as of Jul. 01, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Nitin Spinners and its competitors. This is 47% below median its historical median of 1.00. Over the past decade, Nitin Spinners' Dividend Yield % has ranged from 0.24 to 4.60. According to the industry distribution chart, Nitin Spinners ranks #453 out of 525 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 86.3%.
Is Nitin Spinners' Dividend Yield % too high?
Nitin Spinners' current Dividend Yield % of 0.53% is 47% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 4.60. The Manufacturing - Apparel & Accessories industry median Dividend Yield % is 2.86. Nitin Spinners' value of 0.53% is 81.5% below this industry median. Based on the distribution chart, Nitin Spinners ranks #453 out of 525 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. 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' Dividend Yield % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitin Spinners ranks #453 out of 525 companies for Dividend Yield %. This places Nitin Spinners in the lower half of its industry. The industry median Dividend Yield % is 2.86. Nitin Spinners' value of 0.53% is 81.5% below this benchmark. Historically, Nitin Spinners' own Dividend Yield % has ranged from 0.24 to 4.60 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 2.86, Nitin Spinners has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Manufacturing - Apparel & Accessories company?
The median Dividend Yield % among Manufacturing - Apparel & Accessories companies is 2.86, based on 525 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitin Spinners's current Dividend Yield % of 0.53% is 81.5% below 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Nitin Spinners and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Dividend Yield % is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Spinners's current Dividend Yield % is 0.53%, which is 47% below median its own 10-year median of 1.00. 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 ₹396.47, compared to a current price of ₹571.85 — trading 44.2% above its estimated fair value. The current Dividend Yield % is 0.53%, which is 47% below median its 10-year median of 1.00 and 81.5% below the Manufacturing - Apparel & Accessories industry median of 2.86. 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 Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Nitin Spinners (BOM:532698), the current Dividend Yield % is 0.53% as of Jul. 01, 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 ₹571.85 is trading 44.2% above its estimated GF Value™ of ₹396.47.
GuruFocus considers Nitin Spinners to be Significantly Overvalued.
Key valuation signals for BOM:532698:
Dividend Yield %: 0.53% (47% below median its 10-year median of 1.00)
GF Value™: ₹396.47 vs. price of ₹571.85 (44.2% above fair value)
Industry Position: 81.5% below the Manufacturing - Apparel & Accessories median (#453 of 525)
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.
70GF Score
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