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NITIN SPINNERS
PS (Price/Sales) Ratio

The Current P/S Ratio of NITIN SPINNERS is 0.67.

Share Price ₹376.4Nov 22,2024
Market Cap ₹2,115.1 Cr
Sales-TTM₹3,176.6 CrTTM-Standalone Results
Price/Sales0.67xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of NITIN SPINNERS

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of NITIN SPINNERS is calculated as :

Current Market Cap [ ₹2,115.1 Cr] as on Nov 22,2024

(/) Sales [ ₹3,176.6 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 0.67x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for NITIN SPINNERS , the investors are currently willing to pay '0.67 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of NITIN SPINNERS !

The chart below summarizes the trend in P/S Ratio of NITIN SPINNERS over the last five years.

Historical PS (Price/Sales) ratio chart of NITIN SPINNERS


PS Ratio Performance Analysis for NITIN SPINNERS

- NITIN SPINNERS 's latest p/e ratio is 0.67x.

- NITIN SPINNERS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.40x.

- NITIN SPINNERS 's operated at median p/e ratio of 0.47x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/e ratio peaked in Mar2024 at 0.63x.

- NITIN SPINNERS 's p/e ratio hit its five-year low in Mar2020 of 0.11x.


How does NITIN SPINNERS 's P/S Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Sales (Cr)PS RatioMarket Cap (Cr)
NITIN SPINNERS 3,176.60.672,115.1
TRIDENT LTD6,973.32.3016,016.6
FILATEX INDIA LTD4,212.20.682,843.3
NAHAR SPINNING MILLS LTD3,170.10.27861.8
SUTLEJ TEXTILES AND INDUSTRIES LTD2,607.40.36944.3
AMBIKA COTTON MILLS LTD811.61.01818.5
RAJAPALAYAM MILLS LTD873.11.06928.9
NAHAR INDUSTRIAL ENTERPRISES LTD1,446.80.40572.7
SUPER SALES INDIA LTD400.90.99397.2
PRECOT LTD975.70.67654.7
MARAL OVERSEAS LTD1,009.40.30299.1

Textile - Spinning Industry Benchmark (Top 10) PS Analysis vs NITIN SPINNERS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.27x
Max industry PS 2.30x
Median industry PS 0.67x
Average industry PS 0.79x



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