Maris Spinners

how big is Maris Spinners?

As of Jun 06, Maris Spinners Ltd has a market capitalization of 29.12 Cr, classifying it as a Micro Cap company, with net sales of 169.02 Cr and a net profit of -1.26 Cr for the latest four quarters. The company has shareholder's funds of 21.34 Cr and total assets of 126.28 Cr as of Mar 2024.

Market Cap: As of Jun 06, Maris Spinners Ltd has a market capitalization of 29.12 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Maris Spinners reported net sales of 169.02 Cr and a net profit of -1.26 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is based on Standalone data for the latest annual period ending in Mar 2024. The company has shareholder's funds amounting to 21.34 Cr and total assets of 126.28 Cr.

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.

Who are the peers of the Maris Spinners?

Maris Spinners' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, High Street Fila, RSC Internl., Zenith Fibres, and Kapil Cotex. Management risk varies from excellent at Page Industries and K P R Mill Ltd to below average at High Street Fila and Kapil Cotex, with Maris Spinners rated average; RSC Internl. leads in 1-year returns at 332.33%, while Maris Spinners has an 8.53% return.

Peers: The peers of Maris Spinners are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, High Street Fila, RSC Internl., Zenith Fibres, and Kapil Cotex.<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 and Mish Designs. Average management risk is present at Maris Spinners and Zenith Fibres, while Below Average management risk is noted at High Street Fila, RSC Internl., and Kapil Cotex. In terms of Growth, Excellent growth is seen at K P R Mill Ltd, while Good growth is observed at Trent, and the rest have Below Average growth. For Capital Structure, Excellent capital structure is noted at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Below Average capital structure is found at Maris Spinners, High Street Fila, Kapil Cotex, and the rest.<BR><BR>Return Snapshot: RSC Internl. has the highest 1-year return at 332.33%, while Vedant Fashions has the lowest at -24.65%. Maris Spinners' 1-year return of 8.53% is higher than that of Vedant Fashions but lower than that of RSC Internl. Additionally, peers with negative six-month returns include Vedant Fashions, Trident, Kapil Cotex, and Mish Designs.

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.

Who are in the management team of Maris Spinners?

As of March 2023, the management team of Maris Spinners includes Anand Kumar Rengaswamy (Managing Director), T Jayaraman, T Raghuraman, Ananthakumar Dhamayanthi, A Harigovind (CFO), Aditya Raghuraman, and three independent directors: S Kalyanaraman, S Swaminathan, and Parag Harkishon Udani. This team combines executive and independent leadership for effective governance.

As of March 2023, the management team of Maris Spinners includes the following individuals:<BR><BR>1. Anand Kumar Rengaswamy - Executive Director / Managing Director / 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 / Promoter<BR>6. Aditya Raghuraman - Whole-Time Director & 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 comprises both executive and independent directors, contributing to the governance and management of the company.

What does Maris Spinners do?

Maris Spinners Ltd is a spinning mill in the Garments & Apparels industry, specializing in high-quality yarn, with recent net sales of 449 Cr and a net profit of 13 Cr as of March 2025. The company operates in the Micro Cap market with a market cap of INR 31 Cr.

Overview: <BR>Maris Spinners Ltd is a leading spinning mill in the Garments & Apparels industry, operating within the Micro Cap market-cap bracket, specializing in the manufacture of high-quality yarn.<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 net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 449 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 13 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 31 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 3.97 <BR>Return on Equity: -6.35% <BR>Price to Book: 1.58<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 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).

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.

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.

Are Maris Spinners Ltd latest results good or bad?

Maris Spinners Ltd's latest results are unfavorable, reporting a net loss of ₹0.83 crores in Q3 FY26, a 59.62% increase in losses from the previous quarter, alongside a 4.36% decline in net sales and compressed operating margins, indicating significant financial challenges. Investors should exercise caution due to persistent losses and high debt levels.

Maris Spinners Ltd's latest results indicate a challenging situation for the company. In the third quarter of FY26, the company reported a net loss of ₹0.83 crores, which is a significant increase of 59.62% in losses compared to the previous quarter. This marks the third consecutive quarter of losses, highlighting a troubling trend.<BR><BR>Net sales also declined by 4.36% quarter-on-quarter, falling to ₹41.24 crores from ₹43.12 crores in the previous quarter. This decline in revenue is concerning, especially as it follows a period of growth in the second quarter. The operating margin has compressed to 2.35%, down from 3.41%, indicating increasing cost pressures.<BR><BR>The overall financial performance shows that the company is facing significant operational and financial headwinds, including high debt levels that limit its ability to recover. The persistent losses, declining revenues, and high leverage create a risky environment for investors. Given these factors, the latest results can be characterized as unfavorable, warranting caution for potential investors.

Should I buy, sell or hold Maris Spinners Ltd?

Why is Maris Spinners Ltd falling/rising?

As of 03-Apr, Maris Spinners Ltd's stock price is at 25.41, down 6.89%, indicating a trend reversal after two days of gains. The stock has underperformed significantly over various periods, with a year-to-date decline of 18.03% and a bearish trend reflected in decreased investor participation and trading volume.

As of 03-Apr, Maris Spinners Ltd's stock price is falling, currently at 25.41, which reflects a decrease of 1.88 or 6.89%. The stock has underperformed against the sector by 6.02% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 24.51, marking a significant drop of 10.19%. <BR><BR>The stock has shown a negative performance over various periods, including a 1-week decline of 5.54% and a 1-month decline of 13.13%. Year-to-date, the stock is down 18.03%, and over the past year, it has decreased by 23.72%. In contrast, the benchmark Sensex has shown relatively better performance, with a decline of only 4.30% over the same year.<BR><BR>Additionally, the stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Investor participation has also decreased significantly, with delivery volume dropping by 84.44% compared to the 5-day average. This decline in trading activity, combined with high volatility of 6.09% today, suggests a lack of confidence among investors, contributing to the stock's falling price.

Why is Maris Spinners Ltd falling/rising?

As of 04-Apr, Maris Spinners Ltd's stock price is Rs 25.41, reflecting a 6.89% decline and consistent underperformance with an 18.03% drop year-to-date. The company faces high debt and poor financial health, contributing to its bearish trend and decreased investor participation.

As of 04-Apr, Maris Spinners Ltd's stock price is falling, currently at Rs 25.41, which reflects a decrease of Rs 1.88 or 6.89%. This decline is part of a broader trend, as the stock has underperformed against the benchmark Sensex, showing a 5.54% drop over the past week and a significant 13.13% decline over the past month. Year-to-date, the stock has fallen by 18.03%, and over the past year, it has decreased by 23.72%, indicating consistent underperformance.<BR><BR>Today's trading activity highlights the stock's volatility, with an intraday low of Rs 24.51, marking a 10.19% drop at its lowest point. The stock has also been trading below its moving averages across various time frames, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume plummeting by 84.44% compared to the five-day average.<BR><BR>The company's financial health raises further concerns, as it is characterized by high debt, with a debt-to-equity ratio of 2.49 times, and poor long-term growth, evidenced by an annual operating profit decline of 166.88% over the last five years. The recent earnings per share report shows a negative EPS of Rs -1.05, and the company has recorded a negative EBIT of Rs -0.42 crore. These factors contribute to the perception of the stock as a risky investment, leading to its current downward trajectory.

Why is Maris Spinners Ltd falling/rising?

As of 05-Apr, Maris Spinners Ltd's stock price is at 25.41, reflecting a 6.89% decrease. The stock has shown significant declines over various periods, indicating a bearish trend and reduced investor participation.

As of 05-Apr, Maris Spinners Ltd's stock price is falling, currently at 25.41, which reflects a decrease of 1.88 or 6.89%. This decline is evident in the stock's performance over various periods, including a 5.54% drop over the past week and a significant 13.13% decrease over the past month. Year-to-date, the stock has fallen by 18.03%, while over the past year, it has decreased by 23.72%. <BR><BR>Today's trading activity indicates that the stock has underperformed its sector by 6.02% and has experienced a trend reversal after two days of consecutive gains. The stock reached an intraday low of Rs 24.51, marking a 10.19% decline. Additionally, the stock has shown high volatility today, with an intraday volatility of 6.09%. <BR><BR>Maris Spinners Ltd is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 84.44% compared to the 5-day average. This combination of factors contributes to the stock's current downward trajectory.

Which are the latest news on Maris Spinners?