Maris Spinners Ltd
Incorporated in 1981, Maris Spinners Ltd is in the business of manufacture and sale of 100% Cotton Yarns
- Market Cap ₹ 31.3 Cr.
- Current Price ₹ 38.3
- High / Low ₹ 60.0 / 28.9
- Stock P/E
- Book Value ₹ 23.9
- Dividend Yield 0.00 %
- ROCE 8.13 %
- 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 | 164 | 161 | |
Operating Profit | 18 | 14 | 12 | 10 | 8 | 9 | 3 | 15 | 30 | -8 | -5 | 5 | 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: | 36% |
3 Years: | -18% |
1 Year: | -4% |
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% | 8% |
Documents
Announcements
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Announcement Under Regulation 30 For Appointment Of Directors And A Independent Director
1d - Appointed two whole-time technical directors and one independent director for five years, subject to shareholder approval.
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UNAUDITED FINANCIAL RESULT FOR HTE QUARTER ENDED 30.06.2025
1d - Maris Spinners Q1 FY26 unaudited results: Rs. 38.1 Cr revenue, Rs. 62 lakh loss before tax reported.
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Board Meeting Outcome for UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDING 30.06.2025
1d - Q1 FY26 unaudited results approved; loss reported; three directors appointed including two whole-time and one independent.
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Board Meeting Intimation for Board Meeting On Friday The 1St August 2025 At 10.30 AM To Consider Unaudited Financial Results For The Quarter Ended 30Th June 2025
23 Jul - Board meeting on 01-08-2025 to approve Q1 FY2026 unaudited financial results.
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Availing Exemption Under Reg 15(2} In Respect Of Compliance Of Various Clauses Of Corporate Governance
18 Jul - Maris Spinners avails exemption from corporate governance norms for FY 2025-26 under SEBI Regulation 15(2).
Annual reports
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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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Financial Year 2010
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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.