Maris Spinners

Why is Maris Spinners Ltd falling/rising?

As of 01-Sep, Maris Spinners Ltd's stock price has risen to Rs. 42.46, reflecting a 4.45% increase and strong performance with a new 52-week high of Rs. 44.89. Despite a decline in investor participation, the stock has outperformed the benchmark Sensex significantly year-to-date and shows a bullish trend by trading above its moving averages.

As of 01-Sep, Maris Spinners Ltd is experiencing a rise in its stock price, currently at Rs. 42.46, which reflects an increase of Rs. 1.81 or 4.45%. This upward movement is supported by several factors. The stock has recently reached a new 52-week high of Rs. 44.89, indicating strong performance. Additionally, it has outperformed the sector by 4.36% today and achieved an intraday high of Rs. 44.89, representing a 10.43% increase.<BR><BR>Over the past week, Maris Spinners has shown a significant gain of 12.12%, while the benchmark Sensex has declined by 0.92%. In the last month, the stock has surged by 43.98%, contrasting with a 1.47% drop in the Sensex. Year-to-date, the stock has risen by 36.97%, while the Sensex has fallen by 9.71%. This trend indicates a strong relative performance compared to the broader market.<BR><BR>Moreover, Maris Spinners is trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bullish trend. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 50.25% compared to the 5-day average. Despite this decrease in participation, the stock's high volatility today, with an intraday volatility of 5.77%, reflects active trading and investor interest.<BR><BR>Overall, the combination of reaching a new high, strong relative performance against the benchmark, and trading above moving averages contributes to the rising stock price of Maris Spinners Ltd.

Who are in the management team of Maris Spinners?

The management team of Maris Spinners includes Anand Kumar Rengaswamy (Managing Director), T Jayaraman, T Raghuraman, Ananthakumar Dhamayanthi, A Harigovind (CFO), Aditya Raghuraman, and independent directors S Kalyanaraman, S Swaminathan, and Parag Harkishon Udani, who collectively guide the company's operations and strategy.

The management team of Maris Spinners includes the following individuals:<BR><BR>1. **Anand Kumar Rengaswamy** - Executive Director, Managing Director, and Promoter<BR>2. **T Jayaraman** - Executive Director<BR>3. **T Raghuraman** - Executive Director<BR>4. **Ananthakumar Dhamayanthi** - Executive Director<BR>5. **A Harigovind** - Executive Director, Whole-Time Director, Chief Financial Officer, and Promoter<BR>6. **Aditya Raghuraman** - Whole-Time Director and Executive Director<BR>7. **S Kalyanaraman** - Independent Non-Executive Director<BR>8. **S Swaminathan** - Independent Non-Executive Director<BR>9. **Parag Harkishon Udani** - Independent Non-Executive Director<BR><BR>This team plays a crucial role in guiding the company's operations and strategic direction.

What does Maris Spinners do?

Maris Spinners Ltd manufactures 100% cotton yarns and operates in the Garments & Apparels industry as a Micro Cap company. As of June 2026, it reported net sales of 48 Cr and a net profit of 4 Cr, with a market cap of INR 34 Cr.

Overview:<BR>Maris Spinners Ltd is engaged in the manufacturing of 100% Cotton Yarns and operates within the Garments & Apparels industry, classified as a Micro Cap company.<BR><BR>History:<BR>Maris Spinners Ltd was incorporated as a Private Limited Company on 18 September 1979. It became Deemed Public in 1994 and transitioned to a Public Limited Company in 1995. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 48 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 4 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 34 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 28<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 3.44<BR>- Return on Equity: 14.17%<BR>- Price to Book: 1.86<BR><BR>Contact Details:<BR>- Address: 11 Cathedral Road, Chennai, Tamil Nadu: 600086<BR>- Phone: 91-044-28115910/12/18<BR>- Email: msl@vsnl.com<BR>- Website: http://www.maris.co.in

Who are the peers of the Maris Spinners?

Maris Spinners' peers include Swasti Vinayaka, Valson Industrie, Classic Filament, Subhash Silk, Katare Spinning, Gujarat Cotex, Gem Spinners, Tusaldah, and Sparkle GoldRock. Management risk and growth are generally below average for most peers, with Sparkle GoldRock showing excellent growth, while Valson Industrie has the highest 1-year return and Swasti Vinayaka the lowest.

Peers: The peers of Maris Spinners are Swasti Vinayaka, Valson Industrie, Classic Filament, Subhash Silk, Katare Spinning, Gujarat Cotex, Gem Spinners, Tusaldah, and Sparkle GoldRock.<BR><BR>Quality Snapshot: Below Average management risk is observed at Maris Spinners, Valson Industrie, Katare Spinning, Gujarat Cotex, and Tusaldah, while Average management risk is found at Swasti Vinayaka and Sparkle GoldRock. Classic Filament, Subhash Silk, and Gem Spinners do not qualify for management risk assessment. Growth is below average for Maris Spinners, Swasti Vinayaka, Valson Industrie, Katare Spinning, Gujarat Cotex, and Tusaldah, while Sparkle GoldRock shows excellent growth. Classic Filament, Subhash Silk, and Gem Spinners do not qualify for growth assessment. Capital structure is below average for Maris Spinners, Valson Industrie, Katare Spinning, Gujarat Cotex, and Tusaldah, while Swasti Vinayaka has a good capital structure, and Classic Filament, Subhash Silk, and Gem Spinners do not qualify for capital structure assessment.<BR><BR>Return Snapshot: Valson Industrie has the highest 1-year return at N/A, while Swasti Vinayaka has the lowest at -37.74%, and Maris Spinners' 1-year return of 3.22% is better than Swasti Vinayaka's. Additionally, peers such as Gujarat Cotex, Tusaldah, and Sparkle GoldRock have negative six-month returns.

How big is Maris Spinners?

As of 31st August, Maris Spinners Ltd has a market capitalization of 34.00 Cr, with Net Sales of 178.32 Cr and a Net Profit of 2.61 Cr over the latest four quarters. The company reported Shareholder's Funds of 18.42 Cr and Total Assets of 115.19 Cr for March 2026.

As of 31st August, Maris Spinners Ltd has a market capitalization of 34.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Maris Spinners reported Net Sales of 178.32 Cr and a Net Profit of 2.61 Cr.<BR><BR>For the reporting period of March 2026, the company had Shareholder's Funds amounting to 18.42 Cr and Total Assets of 115.19 Cr.

Which are the latest news on Maris Spinners?

Should I buy, sell or hold Maris Spinners Ltd?

Are Maris Spinners Ltd latest results good or bad?

Maris Spinners Ltd's latest results show a mixed performance, with a return to profitability and revenue growth, but concerns remain due to a low net profit margin, high reliance on other income, and a significant debt-to-equity ratio. Overall, while there are positive signs, substantial operational challenges and financial risks persist.

Maris Spinners Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹0.33 crore in Q4 FY26, a significant improvement from a loss of ₹0.83 crore in the previous quarter. This marks a positive turnaround, indicating that the company has returned to nominal profitability.<BR><BR>Additionally, the company experienced a revenue growth of 11.32% quarter-over-quarter, reaching net sales of ₹45.91 crores. The operating margin also improved to 5.45%, up from 2.35% in the previous quarter, which is a positive sign of operational traction.<BR><BR>However, despite these improvements, there are significant concerns. The net profit margin remains very low at just 0.72%, and the company heavily relies on other income, which constituted a staggering 355.26% of profit before tax. This raises questions about the sustainability of its core business operations. Furthermore, the debt-to-equity ratio stands at a high 3.71x, indicating excessive leverage and financial stress.<BR><BR>Overall, while there are some positive indicators in the latest results, the underlying operational challenges and high leverage suggest that the company is still struggling with fundamental issues. Therefore, the results can be viewed as a cautious improvement, but significant risks remain.

How has been the historical performance of Maris Spinners?

Maris Spinners has shown fluctuating financial performance, with net sales increasing to 169.01 Cr in March 2025, but still facing challenges in profitability, reporting a loss of 1.26 Cr after tax. While operating profit improved to 14.86 Cr, total liabilities and assets both decreased, indicating ongoing operational challenges.

Answer:<BR>The historical performance of Maris Spinners shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Maris Spinners reported net sales of 169.01 Cr for the year ending March 2025, reflecting an increase from 160.65 Cr in March 2024 and 146.80 Cr in March 2023. However, total operating income decreased slightly to 169.01 Cr in March 2025 from 171.97 Cr in March 2022. The company's total expenditure, excluding depreciation, was 163.83 Cr in March 2025, down from 165.54 Cr in March 2024. Operating profit (PBDIT) for March 2025 was 14.86 Cr, a recovery from a loss of 4.89 Cr in March 2024, but significantly lower than the 31.09 Cr reported in March 2022. The profit before tax showed a loss of 1.65 Cr in March 2025, improving from a loss of 13.27 Cr in March 2024. In terms of profitability, the profit after tax was -1.26 Cr in March 2025, compared to -9.13 Cr in March 2024. The company's total liabilities decreased to 122.21 Cr in March 2025 from 126.28 Cr in March 2024, while total assets also declined to 122.21 Cr in March 2025 from 126.28 Cr in March 2024. The cash flow from operating activities improved to 14.00 Cr in March 2025, up from 4.00 Cr in March 2024, indicating better operational efficiency. Overall, while Maris Spinners has shown some recovery in sales and operating profit, it continues to face challenges in profitability and asset management.

How has been the historical performance of Maris Spinners?

Maris Spinners has shown fluctuating financial performance, with net sales increasing to 169.01 Cr in Mar'25, while operating profit recovered to 14.86 Cr. Despite challenges in profitability, there are signs of recovery in sales and cash flow generation.

Answer:<BR>The historical performance of Maris Spinners shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Maris Spinners' net sales increased from 160.65 Cr in Mar'24 to 169.01 Cr in Mar'25, following a rise from 146.80 Cr in Mar'23. However, total operating income decreased from 171.97 Cr in Mar'22 to 169.01 Cr in Mar'25. The company's total expenditure, excluding depreciation, was 163.83 Cr in Mar'25, slightly down from 165.54 Cr in Mar'24. Operating profit (PBDIT) saw a significant recovery to 14.86 Cr in Mar'25 from a loss of 4.89 Cr in Mar'24, although it was lower than the 31.09 Cr recorded in Mar'22. Profit before tax improved to -1.65 Cr in Mar'25 from -13.27 Cr in Mar'24, while profit after tax also showed a similar trend, moving from -9.13 Cr in Mar'24 to -1.26 Cr in Mar'25. The company's total assets decreased from 126.28 Cr in Mar'24 to 122.21 Cr in Mar'25, and total liabilities also fell slightly from 126.28 Cr to 122.21 Cr. Cash flow from operating activities improved to 14.00 Cr in Mar'25 from 4.00 Cr in Mar'24, indicating a positive trend in cash generation. Overall, while Maris Spinners faced challenges in profitability, there were signs of recovery in sales and operating profit in the latest fiscal year.

Who are the top shareholders of the Maris Spinners?

The top shareholders of Maris Spinners include promoter Harigovind with 20.72% ownership, followed by public shareholder Rajesh Nathmal Kabra at 1.92%. Individual investors hold a combined 23.4%, with no holdings from mutual funds or foreign institutional investors.

The top shareholders of Maris Spinners include the promoters, who are the majority shareholders. The promoter with the highest holding is Harigovind, who owns 20.72% of the company. Additionally, the highest public shareholder is Rajesh Nathmal Kabra, holding 1.92%. Individual investors collectively hold 23.4% of the shares. There are currently no holdings by mutual funds or foreign institutional investors (FIIs).

Is Maris Spinners overvalued or undervalued?

As of April 25, 2023, Maris Spinners is considered risky and overvalued due to its negative PE ratio of -23.35, high EV to EBITDA ratio of 20.82, and a low ROCE of -1.50%, especially when compared to peers like K P R Mill Ltd and Trident.

As of 25 April 2023, the valuation grade for Maris Spinners has moved from does not qualify to risky. The company appears to be overvalued given its negative PE ratio of -23.35 and a high EV to EBITDA ratio of 20.82. Additionally, the return on capital employed (ROCE) stands at -1.50%, indicating inefficiency in generating returns from capital. <BR><BR>When compared to peers, Maris Spinners shows significant discrepancies; for instance, K P R Mill Ltd is categorized as very expensive with a PE ratio of 47.51, while Trident is considered fair with a PE of 42.6. The overall assessment suggests that Maris Spinners is overvalued in the current market context, especially as it has underperformed against the Sensex over the longer term, despite a recent uptick in stock performance.

What is the technical trend for Maris Spinners?

As of June 2, 2025, Maris Spinners shows a mildly bearish trend based on daily moving averages, while longer-term indicators present mixed signals, indicating short-term strength but overall weakness.

As of 2 June 2025, the technical trend for Maris Spinners has changed from sideways to mildly bearish. The daily moving averages indicate a mildly bearish stance, while the weekly MACD and KST are mildly bullish, suggesting some short-term strength. However, the monthly Bollinger Bands and KST are bearish, indicating weakness in the longer term. The RSI shows no signal in both weekly and monthly time frames, reflecting indecision. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the mixed signals from the longer-term indicators.

When is the next results date for Maris Spinners?

No Upcoming Board Meetings

Has Maris Spinners declared dividend?

Maris Spinners Ltd has declared a 10% dividend, amounting to 1 per share, but the dividend yield is 0%. Total returns have varied significantly, with a notable 523.75% return over the past 5 years, despite negative returns in shorter periods.

Maris Spinners Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1<BR>- Ex-date: 13 Sep 22<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -5.12%, the dividend return was 0%, resulting in a total return of -5.12%.<BR><BR>For the 1 year period, the price return was 5.86%, the dividend return was 0%, leading to a total return of 5.86%.<BR><BR>Over the 2 years period, the price return was -8.2%, the dividend return was 0%, which resulted in a total return of -8.2%.<BR><BR>In the 3 years period, the price return was -47.26%, the dividend return was 1.62%, culminating in a total return of -45.64%.<BR><BR>During the 4 years period, the price return was -17.95%, the dividend return was 4.78%, resulting in a total return of -13.17%.<BR><BR>For the 5 years period, the price return was 493.9%, the dividend return was 29.85%, leading to a total return of 523.75%.<BR><BR>Overall, Maris Spinners Ltd has declared a dividend but the dividend yield remains at 0%. The total returns show significant volatility, particularly with a large positive return over the 5-year period, contrasting with negative returns in shorter periods.