Nitin Spinners files FY26 BRSR report with ESG metrics
Nitin Spinners filed its FY26 BRSR report disclosing ₹321,386.69 lakh turnover. Renewable energy consumption rose to 131,612 GJ, up from 107,482 GJ in FY25. Total workforce includes 761 employees and 5,932 workers across two plants. Exports contributed 61.87% of total turnover, serving over 55 countries. Company targets over 50% renewable power consumption post-expansion projects.
*this image is generated using AI for illustrative purposes only.
Nitin Spinners has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The report outlines the company's environmental, social, and governance performance for the financial year ending March 31, 2026.
The textile manufacturer reported a turnover of ₹321,386.69 lakh and a net worth of ₹147,073.09 lakh as on March 31, 2026. Exports accounted for 61.87% of the total turnover, with operations serving more than 55 countries.
Energy and Environmental Metrics
The company disclosed its energy consumption patterns and sustainability initiatives under Principle 6. Total energy consumption stood at 1,900,230 GJ, comprising 131,612 GJ from renewable sources and 1,768,619 GJ from non-renewable sources.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Energy Consumption (GJ) | 1,900,230 | 1,893,981 |
| Renewable Energy Share (GJ) | 131,612 | 107,482 |
| Scope 1 & 2 GHG Emissions (Tonnes CO2e) | 296,632 | 305,287 |
Renewable energy consumption increased from 107,482 GJ in FY25 to 131,612 GJ in FY26. The company aims to increase renewable power consumption to more than 50% post-completion of expansion projects. This includes a 23.40 MW rooftop solar capacity and a 28 MW hybrid power purchase agreement.
Workforce and Social Governance
Nitin Spinners employed 761 permanent employees and 5,932 workers at the end of FY26. The workforce composition included 267 female workers and 2 female employees. The company reported no recordable safety incidents during the year.
| Category | Total Count | Female Count |
|---|---|---|
| Permanent Employees | 761 | 2 |
| Permanent Workers | 5,877 | 265 |
| Other Workers | 55 | 0 |
The company maintains ISO 45001 certification for occupational health and safety. Training coverage for health, safety, and skill upgradation reached 100% for both employees and workers.
What the Numbers Show
A significant divergence exists between the growth in renewable energy adoption and overall energy intensity. While renewable energy usage rose by approximately 22% year-on-year (from 107,482 GJ to 131,612 GJ), total energy consumption remained relatively flat, increasing marginally from 1,893,981 GJ to 1,900,230 GJ. This suggests that the company is successfully substituting non-renewable sources with renewables rather than merely adding green capacity on top of rising total demand.
Historical Stock Returns for Nitin Spinners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.50% | +12.62% | +16.53% | +63.28% | +82.78% | +204.81% |
How will the completion of the 23.40 MW rooftop solar and 28 MW hybrid PPA projects impact Nitin Spinners' cost structure and competitive advantage in export markets with strict carbon border adjustments?
Given the significant gender disparity in permanent employee roles (only 2 females out of 761), what specific strategic initiatives is the company planning to enhance female representation in leadership and technical positions?
With exports constituting nearly 62% of turnover, how does the company plan to mitigate currency fluctuation risks and potential trade barriers in its top 10 destination countries over the next fiscal year?
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