Maris Spinners Faces Financial Challenges Amid High Debt and Weak Profitability Trends

Maris Spinners, a microcap company in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation. This revision reflects the company's ongoing financial landscape, characterized by a high debt profile and weak long-term fundamental strength. Over the past five years, net sales have shown an annual growth rate of 10.78%, while operating profit has increased at a rate of 3.11%.
In the latest quarter, Q1 FY25-26, Maris Spinners reported a net sales figure of Rs 38.10 crore, marking a notable low for the company. Additionally, the profit after tax for the quarter was recorded at Rs -0.45 crore, indicating a decline of 42.9% compared to the previous four-quarter average. The company's debt-to-equity ratio stands at an average of 2.46 times, highlighting its high leverage.

Despite a return of -3.75% over the past year, the company's profits have seen a significant rise of 83.7%. However, Maris Spinners has consistently underperformed against the benchmark BSE500 over the last three years, raising concerns about its market position and future prospects.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.