Gem Spinners

Who are the top shareholders of the Gem Spinners?

The top shareholders of Gem Spinners include Mr. R. Veeramani with 24.38%, ICICI Bank Limited at 8.02%, and individual investors holding 18.73%. There are currently no mutual funds or foreign institutional investors in the company.

The top shareholders of Gem Spinners include the promoters, with Mr. R. Veeramani holding the highest stake at 24.38%. Additionally, ICICI Bank Limited is the highest public shareholder, owning 8.02%. Individual investors collectively hold 18.73% of the shares. Notably, there are no mutual funds or foreign institutional investors currently holding shares in the company.

Has Gem Spinners declared dividend?

No Dividend History Available

Who are the peers of the Gem Spinners?

Gem Spinners' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Shree Bhavya, Heads UP Venture, Indo Cotspin, and Kallam Textiles. Page Industries leads in 1-year returns at 26.58%, while Gem Spinners has a return of 12.28%.

Peers: The peers of Gem Spinners are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Shree Bhavya, Heads UP Venture, Indo Cotspin, Kallam Textiles.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Trident and Shree Bhavya, while Below Average management risk is seen at Heads UP Venture, Indo Cotspin, and Kallam Textiles. Growth is Excellent at K P R Mill Ltd, while Good growth is noted at Trent. Below Average growth is reported for Page Industries, Vedant Fashions, Trident, Shree Bhavya, Heads UP Venture, Indo Cotspin, and Kallam Textiles. Capital Structure is Excellent for Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good capital structure is found at Trident, and Below Average at Shree Bhavya, Heads UP Venture, Indo Cotspin, and Kallam Textiles.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is S & T Corporatio at -74.55%. Gem Spinners has a 1-year return of 12.28%, which is higher than S & T Corporatio but lower than Page Industries. Additionally, several peers, including Vedant Fashions, Trident, Heads UP Venture, Indo Cotspin, Kallam Textiles, and S & T Corporatio, have negative six-month returns.

Is Gem Spinners overvalued or undervalued?

As of April 25, 2023, Gem Spinners India Ltd. is considered a risky investment due to its overvaluation, reflected in a PE ratio of 3.18 and significant underperformance compared to peers and the Sensex, with a year-to-date return of -56.4%.

As of 25 April 2023, the valuation grade for Gem Spinners India Ltd. has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company is currently considered overvalued, with a PE ratio of 3.18, a negative Price to Book Value of -10.27, and an EV to EBIT of -22.98, all of which suggest serious financial distress and inefficiencies.<BR><BR>In comparison to its peers, Gem Spinners is underperforming, with a valuation grade of risky and a PE ratio that is significantly lower than industry standards. For instance, its peer has a PE ratio of -2.30 and an EV to EBITDA of -11.81, which further highlights the challenges faced by Gem Spinners. The company's stock has also underperformed relative to the Sensex, with a year-to-date return of -56.4% compared to the Sensex's 5.56%, reinforcing the notion that it is overvalued in its current state.

What is the technical trend for Gem Spinners?

As of June 3, 2025, Gem Spinners is in a mildly bearish trend, supported by bearish indicators like MACD and moving averages, though the KST shows some bullish signals.

As of 3 June 2025, the technical trend for Gem Spinners has changed from bearish to mildly bearish. The weekly MACD and Bollinger Bands indicate a bearish stance, while the monthly indicators also reflect bearish conditions. The daily moving averages confirm a bearish trend. However, the KST shows a mildly bullish signal on the weekly and bullish on the monthly, providing some counterbalance. Dow Theory aligns with a mildly bearish outlook on both weekly and monthly time frames. Overall, the current technical stance is mildly bearish, with key indicators such as MACD and moving averages driving this assessment.

Who are in the management team of Gem Spinners?

As of March 2023, the management team of Gem Spinners consists of R Veeramani (Managing Director), P P Doddanavar (Independent Non-Executive Director), S Gopal (Non-Executive Director), and Poorana Juliet (Independent Non-Executive Director).

As of March 2023, the management team of Gem Spinners includes:<BR><BR>1. R Veeramani - Managing Director<BR>2. P P Doddanavar - Independent Non-Executive Director<BR>3. S Gopal - Non-Executive Director<BR>4. Poorana Juliet - Independent Non-Executive Director

What does Gem Spinners do?

Gem Spinners India Ltd is a micro-cap textile company that manufactures cotton yarn and knitted fabric. As of March 2025, it reported a net profit of -2 Cr and has a market cap of INR 26 Cr.

Overview:<BR>Gem Spinners India Ltd is engaged in the business of textiles, specifically manufacturing cotton yarn and knitted fabric, and operates within the Garments & Apparels industry as a micro-cap company.<BR><BR>History:<BR>Gem Spinners India Ltd was incorporated in October 1990 as Gem Spinning and Weaving Mills. The latest quarterly results reported are for March 2025, showing a net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: INR 26 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 4.00<BR>Industry P/E: 35<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.01<BR>Return on Equity: -323.39%<BR>Price-to-Book: -11.23<BR><BR>Contact Details:<BR>Address: 14 Mangalam Village, Maduranthagam Taluk Kanchipuram Tamil Nadu : 603107<BR>Tel: 91-044-28278490/28277985/28266107<BR>Email: accounts@gemspin.com<BR>Website: http://www.gemspin.com

When is the next results date for Gem Spinners?

The next results date for Gem Spinners is July 30, 2025.

The next results date for Gem Spinners is scheduled for July 30, 2025.

How big is Gem Spinners?

As of 24th July, Gem Spinners India Ltd has a market capitalization of 28.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit loss of 0.67 Cr in the latest four quarters. The company's Shareholder's Funds stand at a loss of 1.59 Cr, and Total Assets are valued at 5.77 Cr as of March 2024.

As of 24th July, Gem Spinners India Ltd has a market capitalization of 28.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 0.00 Cr and a Net Profit loss of 0.67 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds at a loss of 1.59 Cr and Total Assets valued at 5.77 Cr.

Are Gem Spinners latest results good or bad?

Gem Spinners' latest results show flat financial performance with a 22.22% increase in standalone net profit, but overall stability and a 'Strong Sell' recommendation from MarketsMOJO indicate a negative market sentiment, suggesting the results are perceived as more bad than good.

The latest results for Gem Spinners indicate a flat financial performance for the quarter ending June 2025, with no significant changes in net sales compared to the previous quarter. While the standalone net profit showed a positive growth of 22.22% compared to a negative figure in the previous quarter, the overall performance remains stable without notable improvements.<BR><BR>Given this context, the market sentiment is not favorable, as reflected by MarketsMOJO's 'Strong Sell' recommendation for the stock. This suggests that investors may have concerns about the company's ability to achieve growth in the competitive garments and apparels sector. Overall, while there are some positive indicators, the lack of significant growth and the market's negative outlook suggest that the results could be perceived as more bad than good.

Should I buy, sell or hold Gem Spinners?

How has been the historical performance of Gem Spinners?

Gem Spinners has consistently reported zero net sales and operating income, with increasing operating losses and negative reserves, culminating in a cash balance of zero by March 2025. The company's financial position is challenging, reflected in a declining book value per share of -0.37.

Answer:<BR>The historical performance of Gem Spinners shows a consistent trend of zero net sales and other operating income over the past several years, indicating no revenue generation from its operations. The total operating income has remained at zero, with raw material costs, purchase of finished goods, and other operational expenses also reflecting no activity. Employee costs have slightly varied, with a minor increase from 0.10 crore in March 2021 to 0.15 crore in March 2024, but overall expenditures have remained low, peaking at 0.53 crore in March 2023. Operating profit has been negative, with losses increasing from -2.29 crore in March 2019 to -0.50 crore in March 2025. Profit before tax and profit after tax have similarly shown negative figures throughout the years, with the most recent figures being -0.66 crore for both in March 2025. The company's equity capital has remained constant at 30.69 crore, but reserves have turned negative, reaching -32.93 crore in March 2025. The book value per share has also declined to -0.37 in the same period. Cash flow from operating activities has been negative at -2.00 crore in March 2025, with no cash inflow from investing or financing activities, leading to a closing cash balance of zero.<BR><BR>Breakdown:<BR>Gem Spinners has not generated any revenue over the years, with net sales and other operating income consistently reported as zero. The total operating income has also remained unchanged, while employee costs have seen slight fluctuations but overall expenditures have been minimal. The company has faced increasing operating losses, culminating in a loss of -0.50 crore in March 2025. Profit before tax and profit after tax have consistently been negative, reflecting ongoing financial struggles. Despite maintaining a stable equity capital of 30.69 crore, the reserves have deteriorated significantly, resulting in a negative reserve of -32.93 crore. The book value per share has declined to -0.37, indicating a challenging financial position. Cash flow from operating activities has been negative, with no cash inflows from other activities, leading to a closing cash balance of zero, highlighting the company's liquidity issues.

Why is Gem Spinners India Ltd falling/rising?

As of 10-Feb, the stock price of Gem Spinners India Ltd is 4.19, unchanged from the previous day, and has been on a downward trend with a 9.89% decline year-to-date and a 40.14% drop over the last three years. The stock is trading below all moving averages and shows declining investor participation, contributing to its negative performance.

As of 10-Feb, the stock price of Gem Spinners India Ltd is currently at 4.19, showing no change from the previous day. The stock has been experiencing a downward trend, as evidenced by its performance over various periods. Over the past week, the stock has decreased by 4.99%, and it has fallen by 9.70% over the past month. Year-to-date, the stock is down 9.89%, and it has declined 11.79% over the past year. In a broader context, the stock has seen a significant drop of 40.14% over the last three years, while the benchmark Sensex has increased by 38.88% during the same period.<BR><BR>Today's trading activity indicates that the stock is performing inline with its sector, but it has shown erratic trading patterns, not trading on four days out of the last twenty. Additionally, Gem Spinners is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a persistent downward pressure on the stock price.<BR><BR>Investor participation appears to be declining, with a notable drop in delivery volume, which fell by 53.13% compared to the 5-day average. Although the stock is deemed liquid enough for trading, the overall negative performance metrics and falling investor interest contribute to the stock's decline.

Which are the latest news on Gem Spinners?