Maris Spinners Ltd
Incorporated in 1981, Maris Spinners Ltd is in the business of manufacture and sale of 100% Cotton Yarns
- Market Cap ₹ 32.2 Cr.
- Current Price ₹ 39.4
- High / Low ₹ 51.0 / 32.4
- Stock P/E
- Book Value ₹ 29.2
- Dividend Yield 0.00 %
- ROCE -11.7 %
- ROE -29.9 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 83.6 days to 46.4 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.74% over past five years.
- Company has a low return on equity of 11.6% over last 3 years.
* 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
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
93 | 105 | 116 | 120 | 105 | 118 | 122 | 130 | 122 | 106 | 170 | 147 | 166 | |
90 | 89 | 97 | 106 | 93 | 108 | 114 | 121 | 119 | 91 | 141 | 155 | 174 | |
Operating Profit | 3 | 15 | 18 | 14 | 12 | 10 | 8 | 9 | 3 | 15 | 30 | -8 | -8 |
OPM % | 3% | 15% | 16% | 11% | 11% | 8% | 7% | 7% | 3% | 14% | 18% | -5% | -5% |
7 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 6 | |
Interest | 8 | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 6 | 7 |
Depreciation | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 7 |
Profit before tax | -6 | 4 | 8 | 5 | 4 | 3 | 1 | 2 | -3 | 9 | 23 | -16 | -16 |
Tax % | 19% | 14% | 48% | 33% | 19% | 11% | -34% | -30% | 32% | 27% | 34% | 31% | |
-5 | 4 | 4 | 3 | 3 | 3 | 1 | 2 | -2 | 7 | 15 | -11 | -11 | |
EPS in Rs | -5.97 | 4.44 | 4.87 | 3.99 | 3.85 | 3.19 | 1.19 | 2.85 | -2.59 | 8.15 | 18.60 | -13.09 | -13.00 |
Dividend Payout % | 0% | 22% | 20% | 24% | 25% | 30% | 81% | 34% | 0% | 12% | 5% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 12% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 12% |
Last Year: | -30% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 1 | 4 | 7 | 10 | 12 | 14 | 15 | 16 | 13 | 20 | 34 | 22 | 16 |
63 | 60 | 57 | 48 | 46 | 47 | 36 | 40 | 33 | 44 | 38 | 63 | 76 | |
8 | 14 | 21 | 15 | 17 | 23 | 30 | 26 | 18 | 16 | 38 | 39 | 21 | |
Total Liabilities | 81 | 86 | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 133 | 121 |
43 | 39 | 37 | 35 | 32 | 30 | 25 | 28 | 25 | 27 | 32 | 66 | 63 | |
CWIP | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 9 | 1 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
37 | 47 | 56 | 46 | 51 | 62 | 62 | 62 | 47 | 60 | 78 | 66 | 56 | |
Total Assets | 81 | 86 | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 133 | 121 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 19 | 13 | 18 | 11 | 22 | 11 | -2 | 12 | 1 | 43 | 25 | |
-2 | -2 | -6 | -3 | -2 | -3 | -1 | -6 | -2 | -6 | -19 | -31 | |
-19 | -16 | -9 | -15 | -8 | -9 | -4 | -6 | -6 | -0 | 6 | 6 | |
Net Cash Flow | -0 | 0 | -1 | -0 | 0 | 10 | 5 | -14 | 4 | -5 | 30 | -0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 41 | 50 | 50 | 50 | 46 | 40 | 52 | 42 | 38 | 20 | 17 | 14 |
Inventory Days | 111 | 156 | 182 | 101 | 176 | 185 | 171 | 168 | 114 | 222 | 177 | 128 |
Days Payable | 16 | 38 | 39 | 19 | 38 | 81 | 113 | 90 | 59 | 61 | 91 | 110 |
Cash Conversion Cycle | 136 | 168 | 193 | 133 | 185 | 144 | 110 | 119 | 92 | 181 | 103 | 32 |
Working Capital Days | 105 | 86 | 89 | 74 | 109 | 98 | 87 | 91 | 71 | 128 | 77 | 46 |
ROCE % | 1% | 16% | 21% | 16% | 14% | 11% | 9% | 11% | 2% | 21% | 36% | -12% |
Documents
Announcements
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Compliance Under Regulation 40(9) Of SEBI(LODR) Regulation 2015
9 Apr - Compliance under Regulation 40(9) of SEBI (LODR) Regulation 2015 for the year ended 31st March 2024
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COMPLIANCE CERTIFICATE FOR THE PERIOD ENDED 31.03.2024
8 Apr - COMPLIANCE CERTIFICATE AS PER REGULATION 7(3) OF SEBI (LODR) REGULATION 2015
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Confirmation certificate under Regulation 74(5) of Securites and Exchange Board of India(Depositories and Participants) Regulations, 2018
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 29-3-2024 29 Mar
- Closure of Trading Window 25 Mar
Annual reports
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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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Financial Year 2009
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Financial Year 2008
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Business Overview:[1][2]
Company operates spinning mills which manufacture yarns for domestic market and it also deals in Wind Energy Generation for captive use. Apart from this, Maris group has interests in Tea Estates, Hotels, and Green power generation, etc.