Maris Spinners Ltd

Maris Spinners Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maris Spinners Ltd

₹ 35.5 -0.34%
24 Mar - close price
maris.co.in; srinivasan@maris.co.in BSE: 531503
About

Incorporated in 1981, Maris Spinners Ltd is in the business of manufacture and sale of 100% Cotton Yarns

Key Points

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.

Website BSE
  • Market Cap ₹ 29.0 Cr.
  • Current Price ₹ 35.5
  • High / Low ₹ 170 / 35.0
  • Stock P/E
  • Book Value ₹ 47.6
  • Dividend Yield 2.81 %
  • ROCE 35.6 %
  • ROE 44.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.75 times its book value
  • Debtor days have improved from 24.8 to 16.7 days.
  • Company's working capital requirements have reduced from 88.2 days to 66.1 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.68% over past five years.
  • Company might be capitalizing the interest cost

* 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

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.59 29.03 5.69 26.90 34.33 41.73 19.32 45.85 55.69 51.02 44.22 24.00 37.02
33.24 28.48 6.38 25.22 28.57 30.86 13.33 36.89 45.04 45.62 38.56 27.81 43.30
Operating Profit 1.35 0.55 -0.69 1.68 5.76 10.87 5.99 8.96 10.65 5.40 5.66 -3.81 -6.28
OPM % 3.90% 1.89% -12.13% 6.25% 16.78% 26.05% 31.00% 19.54% 19.12% 10.58% 12.80% -15.88% -16.96%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 1.02 1.11 1.18 1.04 0.86 1.09 1.14 0.94 0.77 0.56 0.91 1.29 1.73
Depreciation 1.24 1.02 0.97 1.07 1.08 1.10 1.06 1.09 1.09 1.10 1.22 1.24 1.34
Profit before tax -0.91 -1.58 -2.84 -0.43 3.82 8.68 3.79 6.93 8.79 3.74 3.53 -6.34 -9.35
Tax % 0.00% 64.56% 0.00% 0.00% 0.26% 28.46% 0.26% 40.26% 26.05% 75.67% 26.06% 0.00% 32.73%
Net Profit -0.91 -0.56 -2.84 -0.43 3.81 6.22 3.78 4.14 6.50 0.91 2.61 -6.34 -6.29
EPS in Rs -1.10 -0.68 -3.42 -0.52 4.59 7.50 4.56 4.99 7.84 1.10 3.15 -7.64 -7.58
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
91 93 105 116 120 105 118 122 130 122 106 170 156
74 90 89 97 106 93 108 114 121 119 91 140 155
Operating Profit 17 3 15 18 14 12 10 8 9 3 15 30 1
OPM % 19% 3% 15% 16% 11% 11% 8% 7% 7% 3% 14% 18% 1%
1 7 3 4 3 3 3 3 3 3 3 2 0
Interest 4 8 7 7 6 5 5 5 5 5 4 4 4
Depreciation 5 7 7 7 5 5 5 5 5 5 4 4 5
Profit before tax 9 -6 4 8 5 4 3 1 2 -3 9 23 -8
Tax % 49% 19% 14% 48% 33% 19% 11% -34% -30% 32% 27% 34%
Net Profit 5 -5 4 4 3 3 3 1 2 -2 7 15 -9
EPS in Rs 5.53 -5.97 4.44 4.87 3.99 3.85 3.19 1.19 2.85 -2.59 8.15 18.60 -10.97
Dividend Payout % 0% 0% 22% 20% 24% 25% 30% 81% 34% 0% 12% 5%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 9%
TTM: -4%
Compounded Profit Growth
10 Years: 16%
5 Years: 42%
3 Years: 87%
TTM: -144%
Stock Price CAGR
10 Years: %
5 Years: -2%
3 Years: 75%
1 Year: -70%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 24%
Last Year: 44%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 6 1 4 7 10 12 14 15 16 13 20 34 32
74 63 60 57 48 46 47 36 40 33 44 38 54
15 8 14 21 15 17 23 30 26 18 16 38 27
Total Liabilities 104 81 86 93 82 83 93 89 90 72 88 119 121
46 43 39 37 35 32 30 25 28 25 27 32 30
CWIP 1 0 0 1 0 0 1 2 0 0 1 9 22
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
57 37 47 56 46 51 62 62 62 47 60 78 69
Total Assets 104 81 86 93 82 83 93 89 90 72 88 119 121

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-9 20 19 13 18 11 22 11 -2 12 1 43
-23 -2 -2 -6 -3 -2 -3 -1 -6 -2 -6 -19
33 -19 -16 -9 -15 -8 -9 -4 -6 -6 -0 6
Net Cash Flow 0 -0 0 -1 -0 0 10 5 -14 4 -5 30

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 41 50 50 50 46 40 52 42 38 20 17
Inventory Days 295 111 156 182 101 176 185 171 168 114 222 177
Days Payable 39 16 38 39 19 38 81 113 90 59 61 91
Cash Conversion Cycle 292 136 168 193 133 185 144 110 119 92 181 103
Working Capital Days 156 105 86 89 74 109 98 87 91 71 128 66
ROCE % 19% 1% 16% 21% 16% 14% 11% 9% 11% 2% 21% 36%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
71.98 71.98 71.98 71.98 71.98 74.23 74.23 74.23 74.23 74.23 74.23 74.23
7.43 7.43 7.43 7.43 7.43 7.67 2.62 1.03 0.52 0.33 0.33 0.33
20.58 20.58 20.58 20.58 20.58 18.10 23.15 24.74 25.25 25.44 25.43 25.44

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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