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NITIN SPINNERS
PS (Price/Sales) Ratio

The Current P/S Ratio of NITIN SPINNERS is 0.73.

Share Price ₹357.8Apr 25,2024
Market Cap ₹2,010.6 Cr
Sales-TTM₹2,759.7 CrTTM-Standalone Results
Price/Sales0.73xCalculated 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 [ ₹2,010.6 Cr] as on Apr 25,2024

(/) Sales [ ₹2,759.7 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 0.73x ]

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 '0.73 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 0.73x.

- NITIN SPINNERS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.36x.

- NITIN SPINNERS 's operated at median p/e ratio of 0.41x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/e ratio peaked in Mar2023 at 0.53x.

- 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 2,759.70.732,010.6
TRIDENT LTD6,699.83.0520,434.8
FILATEX INDIA LTD4,306.80.662,833.6
NAHAR SPINNING MILLS LTD2,958.30.361,051.1
SUTLEJ TEXTILES AND INDUSTRIES LTD2,790.90.35977.2
AMBIKA COTTON MILLS LTD803.91.10883.3
RAJAPALAYAM MILLS LTD856.61.06912.2
NAHAR INDUSTRIAL ENTERPRISES LTD1,497.10.38562.3
SUPER SALES INDIA LTD415.61.30540.9
PRECOT LTD956.20.51490.8
MARAL OVERSEAS LTD971.70.31305.8

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.31x
Max industry PS 3.05x
Median industry PS 0.66x
Average industry PS 0.89x



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