Maris Spinners Ltd
Incorporated in 1981, Maris Spinners Ltd is in the business of manufacture and sale of 100% Cotton Yarns
- Market Cap ₹ 29.4 Cr.
- Current Price ₹ 36.0
- High / Low ₹ 46.0 / 28.9
- Stock P/E
- Book Value ₹ 23.9
- Dividend Yield 0.00 %
- ROCE 8.59 %
- ROE -6.12 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.70% over past five years.
- Company has a low return on equity of -25.7% over last 3 years.
- Earnings include an other income of Rs.10.0 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
116 | 120 | 105 | 118 | 122 | 130 | 122 | 106 | 170 | 147 | 161 | 169 | 166 | |
97 | 106 | 93 | 108 | 114 | 121 | 119 | 91 | 141 | 155 | 165 | 163 | 161 | |
Operating Profit | 18 | 14 | 12 | 10 | 8 | 9 | 3 | 15 | 30 | -8 | -5 | 6 | 5 |
OPM % | 16% | 11% | 11% | 8% | 7% | 7% | 3% | 14% | 18% | -5% | -3% | 3% | 3% |
4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 6 | 10 | 10 | |
Interest | 7 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 6 | 9 | 10 | 10 |
Depreciation | 7 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 6 | 7 | 7 |
Profit before tax | 8 | 5 | 4 | 3 | 1 | 2 | -3 | 9 | 23 | -16 | -13 | -2 | -1 |
Tax % | 48% | 33% | 19% | 11% | -34% | -30% | -32% | 27% | 34% | -31% | -31% | -24% | |
4 | 3 | 3 | 3 | 1 | 2 | -2 | 7 | 15 | -11 | -9 | -1 | -1 | |
EPS in Rs | 4.87 | 3.99 | 3.85 | 3.19 | 1.19 | 2.85 | -2.59 | 8.15 | 18.60 | -13.09 | -11.01 | -1.52 | -1.24 |
Dividend Payout % | 20% | 24% | 25% | 30% | 81% | 34% | 0% | 12% | 5% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 7% |
3 Years: | 0% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | % |
TTM: | 84% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | -23% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 1% |
3 Years: | -26% |
Last Year: | -6% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 7 | 10 | 12 | 14 | 15 | 16 | 13 | 20 | 34 | 22 | 13 | 12 |
57 | 48 | 46 | 47 | 36 | 40 | 33 | 44 | 38 | 63 | 81 | 79 | |
21 | 15 | 17 | 23 | 30 | 26 | 18 | 16 | 38 | 36 | 31 | 31 | |
Total Liabilities | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 130 | 134 | 130 |
37 | 35 | 32 | 30 | 25 | 28 | 25 | 27 | 32 | 66 | 68 | 62 | |
CWIP | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 9 | 1 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
56 | 46 | 51 | 62 | 62 | 62 | 47 | 60 | 78 | 63 | 66 | 68 | |
Total Assets | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 130 | 134 | 130 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 18 | 11 | 22 | 11 | -2 | 12 | 1 | 43 | 25 | 4 | 15 | |
-6 | -3 | -2 | -3 | -1 | -6 | -2 | -6 | -19 | -31 | -6 | 3 | |
-9 | -15 | -8 | -9 | -4 | -6 | -6 | -0 | 6 | 6 | 2 | -18 | |
Net Cash Flow | -1 | -0 | 0 | 10 | 5 | -14 | 4 | -5 | 30 | -0 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 50 | 46 | 40 | 52 | 42 | 38 | 20 | 17 | 14 | 21 | 15 |
Inventory Days | 182 | 101 | 176 | 185 | 171 | 168 | 114 | 222 | 177 | 128 | 100 | 107 |
Days Payable | 39 | 19 | 38 | 81 | 113 | 90 | 59 | 61 | 91 | 110 | 82 | 71 |
Cash Conversion Cycle | 193 | 133 | 185 | 144 | 110 | 119 | 92 | 181 | 103 | 32 | 38 | 50 |
Working Capital Days | -7 | -13 | -12 | -15 | 2 | -1 | -9 | 24 | 39 | -30 | -33 | -28 |
ROCE % | 21% | 16% | 14% | 11% | 9% | 11% | 2% | 21% | 36% | -12% | -4% | 9% |
Documents
Announcements
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Announcement Under LODR Regulation 30- Updates On Receipt Of Capital Subsidy By The Company
1d - Balance Rs.2,79,72,227 subsidy credited; total sanctioned Rs.5,74,06,057 fully received (11 Sept 2025).
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Commissioner Of Textile Development And Director, Bangalore Initially Sanctioned The Company Textile Subsidy Of Rs. 7175757 Vide Order Dated 20/08/2024 And Now Informed That As Per Their Revised Norms The Company Is Eligible For Rs. 57406057
8 Sep - Order directs release of Rs.2,79,72,227 balance subsidy to M/s. Maris Spinners Limited.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 Aug
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
29 Aug - 46th AGM on 29-08-2025 approved FY2024-25 accounts, director appointments, cost auditor, and CS reappointment.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - News paper publication for publishing the un-audited financial results for the quarter ended 30.06.2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
Company operates spinning mills, manufacture yarns for domestic market and also deals in Wind Energy Generation for captive use. Apart from this, Maris group has interests in Tea Estates, Hotels, Green power generation, etc.