Super Spinning

how big is Super Spinning?

As of October 2023, Super Spinning Mills Ltd has a market capitalization of 54.73 Cr, classified as a Micro Cap, with recent net sales of 6.63 Cr and a net profit of -16.40 Cr over the latest four quarters.

Market Cap: Super Spinning Mills Ltd has a market capitalization of 54.73 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The company reported a sum of Net Sales for the latest 4 quarters of 6.63 Cr and a sum of Net Profit of -16.40 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: The Balance Sheet data is Consolidated and pertains to the reporting period of March 2016. The Shareholder's Funds are valued at 50.59 Cr, while the Total Assets amount to 207.30 Cr.

When is the next results date for Super Spinning?

No Upcoming Board Meetings

What does Super Spinning do?

Super Spinning Mills Ltd produces cotton yarn and operates in the Garments & Apparels industry. As of March 2025, it reported net sales of 2 Cr and a net loss of 16 Cr, with a market cap of Rs 54 Cr.

Overview:<BR>Super Spinning Mills Ltd is a company engaged in the production of cotton yarn, operating within the Garments & Apparels industry and categorized as a Micro Cap.<BR><BR>History:<BR>Super Spinning Mills Ltd was incorporated in 1962, with commercial production of cotton yarn commencing in April 1964. The company initially had an installed capacity of 12,000 spindles, which was increased to 50,548 spindles by 1981. A second unit was established in Kotnur, Andhra Pradesh, with an initial capacity of 28,800 spindles, later expanded to 51,480 spindles in 1991. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 2 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -16 Cr (Quarterly Results - Mar 2025) <BR>Market cap: Rs 54 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: 0.32 <BR>Return on Equity: -4.60% <BR>Price to Book: 1.00 <BR><BR>Contact Details:<BR>Address: ELGI Towers PB 7113 737-D, Green Fields Puliakulam Road Coimbatore Tamil Nadu : 641045 <BR>Tel: 91-0422-2311711/4351711 <BR>Email: investor@ssh.saraelgi.com <BR>Website: http://www.superspinning.com

Has Super Spinning declared dividend?

Super Spinning Mills Ltd has declared a 15% dividend, amounting to 0.1500 per share, but the dividend yield is 0%. Total returns have varied, with significant gains over longer periods despite some declines in shorter terms.

Super Spinning Mills Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 0.1500<BR>- Ex-date: 08 Sep 08<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -19.26%, the dividend return was 0%, resulting in a total return of -19.26%.<BR><BR>For the 1-year period, the price return was 33.2%, the dividend return was 0%, leading to a total return of 33.2%.<BR><BR>Over the 2-year period, the price return was 49.63%, the dividend return was 0%, culminating in a total return of 49.63%.<BR><BR>In the 3-year period, the price return was -9.42%, the dividend return was 0%, which resulted in a total return of -9.42%.<BR><BR>For the 4-year period, the price return was 61.75%, the dividend return was 0%, yielding a total return of 61.75%.<BR><BR>In the 5-year period, the price return was 163.31%, the dividend return was 0%, giving a total return of 163.31%.<BR><BR>Overall, while Super Spinning Mills Ltd has declared a dividend, the dividend yield remains at 0%, indicating that the dividend has not contributed to returns in recent periods. The total returns show a mixed performance, with significant gains over longer periods despite some declines in shorter terms.

Who are the peers of the Super Spinning?

Super Spinning's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Anirit Ventures, PBM Polytex, Dhanlaxmi Fabric, and Sumeet Industrie. Anirit Ventures has the highest 1-year return at 498.40%, while Super Spinning's return is 29.01%.

Peers: The peers of Super Spinning are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Anirit Ventures, PBM Polytex, Dhanlaxmi Fabric, and Sumeet Industrie.<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 Signoria Creatio. Average management risk is present at Trident and Sumeet Industrie, and Below Average management risk is noted for Super Spinning, PBM Polytex, Dhanlaxmi Fabric, and Anirit Ventures. Growth is Excellent for Trent and Signoria Creatio, Good for K P R Mill Ltd, Average for Trident and Sumeet Industrie, and Below Average for Page Industries, Vedant Fashions, Super Spinning, PBM Polytex, Dhanlaxmi Fabric, and Anirit Ventures. Capital Structure is Excellent for Page Industries, K P R Mill Ltd, and Vedant Fashions, Good for Trident and PBM Polytex, and Below Average for Trent, Super Spinning, Dhanlaxmi Fabric, Anirit Ventures, and Sumeet Industrie.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Anirit Ventures at 498.40%, while the lowest is Vedant Fashions at -24.65%. Super Spinning's 1-year return of 29.01% is significantly higher than Vedant Fashions but lower than Anirit Ventures. Additionally, the six-month returns are negative for Trent, Vedant Fashions, Trident, Anirit Ventures, and PBM Polytex.

Is Super Spinning overvalued or undervalued?

As of August 14, 2024, Super Spinning is considered very expensive and overvalued, with a PE ratio of -21.39, an EV to EBITDA of 15.44, and a ROCE of 4.75%, significantly underperforming its peers and experiencing a year-to-date decline of 26.65% compared to the Sensex's gain of 5.61%.

As of 14 August 2024, the valuation grade for Super Spinning has moved from risky to very expensive, indicating a significant shift in perception. The company is currently deemed overvalued. Key ratios include a PE ratio of -21.39, an EV to EBITDA of 15.44, and a ROCE of 4.75%. <BR><BR>In comparison to its peers, Super Spinning's valuation metrics stand out unfavorably; for instance, K P R Mill Ltd has a PE ratio of 47.51, while Trident is rated fair with a PE of 42.6. Additionally, Super Spinning's recent stock performance shows a year-to-date decline of 26.65%, contrasting with the Sensex's gain of 5.61%, further reinforcing the notion of overvaluation.

What is the technical trend for Super Spinning?

As of May 12, 2025, Super Spinning's technical trend is mildly bearish, with bearish weekly MACD and moving averages, while showing some potential for recovery on the monthly chart despite mixed signals from other indicators.

As of 12 May 2025, the technical trend for Super Spinning has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The daily moving averages are also bearish, reinforcing the negative short-term outlook. The Bollinger Bands show a bearish stance on the weekly chart but are mildly bullish on the monthly chart, suggesting some potential for recovery over a longer time frame. The KST is bearish weekly but bullish monthly, indicating mixed signals. The OBV is mildly bullish on both weekly and monthly time frames, which could suggest some accumulation despite the overall bearish trend. Overall, the current technical stance is mildly bearish, with key indicators such as the MACD and moving averages driving this assessment.

Who are in the management team of Super Spinning?

As of March 2023, the management team of Super Spinning includes Sumanth Ramamurthi (Chairman & Managing Director), along with several independent directors and non-executive directors, responsible for the company's operations and strategic direction.

As of March 2023, the management team of Super Spinning includes the following individuals:<BR><BR>1. Sumanth Ramamurthi - Chairman & Managing Director<BR>2. Sudarsan Varadaraj - Independent Director<BR>3. C G Kumar - Independent Director<BR>4. Suguna Ravichandran - Independent Director<BR>5. B Lakshmi Narayana - Independent Director<BR>6. Narmatha G K - Company Secretary & Compliance Officer<BR>7. Sanjay Krishna Ramamurthi - Non-Executive Director<BR>8. Nikhil Govind Ramamurthi - Non-Executive Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the top shareholders of the Super Spinning?

The top shareholder of Super Spinning is Sumanth Ramamurthi, holding 17.16%, followed by the Unclaimed Suspense Account at 1.63%. Individual investors collectively own 49.06%, with no pledged promoter holdings and minimal institutional investor involvement.

The top shareholders of Super Spinning include Sumanth Ramamurthi, who holds the highest stake at 17.16%. Additionally, the highest public shareholder is the Unclaimed Suspense Account of Super Spinning Mills Limited, with a holding of 1.63%. Individual investors collectively hold a significant portion at 49.06%. Notably, there are no pledged promoter holdings, and institutional investors have minimal involvement, with mutual funds and foreign institutional investors holding 0.0%.

Are Super Spinning latest results good or bad?

Super Spinning Mills' latest results show a return to profitability with a net profit of ₹0.36 crore, but a 21.05% decline in net sales raises concerns about ongoing structural challenges. Overall, while profitability is a positive sign, the significant revenue contraction suggests the results are not entirely good, leading to a "Strong Sell" rating.

Super Spinning Mills' latest results present a mixed picture. On one hand, the company has returned to profitability with a net profit of ₹0.36 crore in Q2 FY26, a significant turnaround from the ₹3.00 crore loss in the previous quarter. This indicates some operational viability, especially considering the tax rate normalized to a more manageable level this quarter.<BR><BR>However, the company's net sales have declined by 21.05% quarter-on-quarter to ₹1.50 crore, marking the second consecutive quarter of revenue contraction. This decline raises concerns about the company's ability to generate consistent sales, reflecting ongoing structural challenges in its business model.<BR><BR>Operating margins remain high at 70.67%, but this is down from the previous quarter, suggesting that while the company is managing costs effectively, the revenue pressures are significant. Additionally, the company's long-term performance is troubling, with a five-year sales CAGR of -42.93%, indicating a substantial erosion of business scale.<BR><BR>Overall, while the return to profitability is a positive sign, the sharp decline in sales and ongoing structural challenges suggest that the results are not entirely good. The company faces an uphill battle to regain investor confidence, reflected in its "Strong Sell" rating and low Mojo score of 21 out of 100.

Should I buy, sell or hold Super Spinning?

How has been the historical performance of Super Spinning?

Super Spinning has experienced a significant decline in net sales and profitability from March 2014 to March 2017, with net sales dropping from 521.03 Cr to 290.14 Cr and profit after tax falling from 1.86 Cr to a loss of 9.12 Cr. Overall, the company has struggled to maintain financial stability during this period.

Answer:<BR>The historical performance of Super Spinning shows a declining trend in net sales and profitability over the years, particularly from March 2014 to March 2017.<BR><BR>Breakdown:<BR>Super Spinning's net sales have decreased significantly from 521.03 Cr in March 2014 to 290.14 Cr in March 2017. Other operating income has also seen a decline, dropping from 7.41 Cr in March 2014 to 3.93 Cr in March 2017, leading to a total operating income reduction from 528.44 Cr to 294.07 Cr in the same period. The total expenditure, excluding depreciation, followed a similar downward trend, falling from 488.66 Cr in March 2014 to 292.96 Cr in March 2017. Operating profit, excluding other income, plummeted from 39.78 Cr in March 2014 to just 1.11 Cr in March 2017, while the overall operating profit, including other income, decreased from 44.71 Cr to 13.81 Cr. Profit before tax turned negative, going from a profit of 3.38 Cr in March 2014 to a loss of 11.75 Cr in March 2017. Consequently, profit after tax also fell from 1.86 Cr to a loss of 9.12 Cr. The earnings per share reflected this decline, moving from 0.34 in March 2014 to -1.66 in March 2017. Overall, Super Spinning has faced significant challenges in maintaining sales and profitability over the years.

Why is Super Spinning Mills Ltd falling/rising?

As of 18-Jan, Super Spinning Mills Ltd's stock price is at 8.03, reflecting a 2.43% decrease and underperforming its sector. The stock shows a consistent downward trend, weak long-term fundamentals, and declining investor participation, contributing to its negative performance.

As of 18-Jan, Super Spinning Mills Ltd's stock price is falling, currently at 8.03, which reflects a decrease of 0.2 or 2.43%. The stock has underperformed the sector today by 2.02%, indicating a weaker performance relative to its peers. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a consistent downward trend.<BR><BR>Investor participation has also declined, with a delivery volume of 35.4k on January 14, which is down by 26.92% compared to the 5-day average. This decrease in trading activity may signal a lack of confidence among investors. <BR><BR>The company's long-term fundamentals are weak, evidenced by a -39.83% compound annual growth rate (CAGR) in net sales over the past five years and a poor EBIT to interest ratio of 0.58, indicating challenges in servicing its debt. Furthermore, the company has reported losses, leading to a negative return on equity (ROE). <BR><BR>The stock has generated a return of -41.81% over the past year, while profits have increased by 57.2%, highlighting a disconnect between stock performance and profitability. Overall, the combination of poor long-term fundamentals, declining investor participation, and underperformance relative to benchmarks contributes to the stock's current downward trajectory.

Which are the latest news on Super Spinning?