Maris Spinners Ltd
Incorporated in 1981, Maris Spinners Ltd is in the business of manufacture and sale of 100% Cotton Yarns
- Market Cap ₹ 30.4 Cr.
- Current Price ₹ 37.2
- High / Low ₹ 60.0 / 32.0
- Stock P/E
- Book Value ₹ 25.7
- Dividend Yield 0.00 %
- ROCE -4.26 %
- ROE -35.4 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.34% over past five years.
- Company has a low return on equity of -4.70% over last 3 years.
- Earnings include an other income of Rs.6.40 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
105 | 116 | 120 | 105 | 118 | 122 | 130 | 122 | 106 | 170 | 147 | 161 | 156 | |
89 | 97 | 106 | 93 | 108 | 114 | 121 | 119 | 91 | 141 | 155 | 165 | 157 | |
Operating Profit | 15 | 18 | 14 | 12 | 10 | 8 | 9 | 3 | 15 | 30 | -8 | -5 | -1 |
OPM % | 15% | 16% | 11% | 11% | 8% | 7% | 7% | 3% | 14% | 18% | -5% | -3% | -0% |
3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 6 | 6 | |
Interest | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 6 | 9 | 9 |
Depreciation | 7 | 7 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 6 | 6 |
Profit before tax | 4 | 8 | 5 | 4 | 3 | 1 | 2 | -3 | 9 | 23 | -16 | -13 | -9 |
Tax % | 14% | 48% | 33% | 19% | 11% | -34% | -30% | -32% | 27% | 34% | -31% | -31% | |
4 | 4 | 3 | 3 | 3 | 1 | 2 | -2 | 7 | 15 | -11 | -9 | -6 | |
EPS in Rs | 4.44 | 4.87 | 3.99 | 3.85 | 3.19 | 1.19 | 2.85 | -2.59 | 8.15 | 18.60 | -13.09 | -11.01 | -7.60 |
Dividend Payout % | 22% | 20% | 24% | 25% | 30% | 81% | 34% | 0% | 12% | 5% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 15% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 65% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | -18% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 0% |
3 Years: | -5% |
Last Year: | -35% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 4 | 7 | 10 | 12 | 14 | 15 | 16 | 13 | 20 | 34 | 22 | 13 |
60 | 57 | 48 | 46 | 47 | 36 | 40 | 33 | 44 | 38 | 63 | 81 | |
14 | 21 | 15 | 17 | 23 | 30 | 26 | 18 | 16 | 38 | 36 | 31 | |
Total Liabilities | 86 | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 130 | 134 |
39 | 37 | 35 | 32 | 30 | 25 | 28 | 25 | 27 | 32 | 66 | 68 | |
CWIP | 0 | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 9 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
47 | 56 | 46 | 51 | 62 | 62 | 62 | 47 | 60 | 78 | 63 | 66 | |
Total Assets | 86 | 93 | 82 | 83 | 93 | 89 | 90 | 72 | 88 | 119 | 130 | 134 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 13 | 18 | 11 | 22 | 11 | -2 | 12 | 1 | 43 | 25 | 4 | |
-2 | -6 | -3 | -2 | -3 | -1 | -6 | -2 | -6 | -19 | -31 | -6 | |
-16 | -9 | -15 | -8 | -9 | -4 | -6 | -6 | -0 | 6 | 6 | 2 | |
Net Cash Flow | 0 | -1 | -0 | 0 | 10 | 5 | -14 | 4 | -5 | 30 | -0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 50 | 50 | 46 | 40 | 52 | 42 | 38 | 20 | 17 | 14 | 21 |
Inventory Days | 156 | 182 | 101 | 176 | 185 | 171 | 168 | 114 | 222 | 177 | 128 | 100 |
Days Payable | 38 | 39 | 19 | 38 | 81 | 113 | 90 | 59 | 61 | 91 | 110 | 82 |
Cash Conversion Cycle | 168 | 193 | 133 | 185 | 144 | 110 | 119 | 92 | 181 | 103 | 32 | 38 |
Working Capital Days | 86 | 89 | 74 | 109 | 98 | 87 | 91 | 71 | 128 | 77 | 46 | 53 |
ROCE % | 16% | 21% | 16% | 14% | 11% | 9% | 11% | 2% | 21% | 36% | -12% | -4% |
Documents
Announcements
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Board Meeting Intimation for Maris Spinners Ltd Board Meeting Is Scheduled To Be Held On Saturday The 9Th November 2024 At 10.30 AM To Consider , , Quarterly Unaudited Financial Results For The Quarter / Half Year Ending 30Th September 2024
10 Oct - Board meeting on 09-11-2024 to approve financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - Confirmation Certificate under SEBI regulations submitted.
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Closure of Trading Window
25 Sep - Closure of trading window from October 1, 2024.
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Announcement Regarding Availing Exemption Under Reg 15(2) Of LODR 2015 In Respect Of Various Clauses Of Corporate Governance
9 Sep - Exemption from corporate governance provisions for 2024-25.
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Announcement under Regulation 30 (LODR)-Meeting Updates
6 Sep - Minutes of 45th Annual General Meeting submitted.
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Business Overview:[1][2]
Company operates spinning mills, manufacture yarns for domestic market and also deals in Wind Energy Generation for captive use. Apart from this, Maris group has interests in Tea Estates, Hotels, Green power generation, etc.