Maris Spinners Ltd - Stock Valuation and Financial Performance

BSE: 531503 | NSE: | Textile - Spinning | Small Cap

Maris Spinners Share Price

38.78 -0.33 -0.84%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Maris Spinners

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Maris Spinners stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
30.7 Cr.
52-wk low:
31.7
52-wk high:
60

Is Maris Spinners Ltd an attractive stock to invest in?

1. Is Maris Spinners Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Maris Spinners Ltd is a average quality company.

2. Is Maris Spinners Ltd undervalued or overvalued?

The key valuation ratios of Maris Spinners Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Maris Spinners Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Maris Spinners Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Maris Spinners:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maris Spinners Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.2%14.2%11.4%9%11.1%2.7%21.8%35.6%-11.7%-4.3%-
Value Creation
Index
0.20.0-0.2-0.4-0.2-0.80.61.5-1.8-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 120105118122130122106170147161158
Sales YoY Gr.--12.4%12.3%3.8%6.3%-5.9%-13.3%60.7%-13.9%9.4%-
Adj EPS 4.13.93.21.33-2.8819.4-13.7-11.5-6.1
YoY Gr.--3.9%-16.9%-61.1%139.7%-191.1%NA141.5%-170.6%NA-
BVPS (₹) 21.924.72828.129.926.234.353.438.326.924.7
Adj Net
Profit
3.33.22.712.5-2.36.615.4-10.9-9.1-5
Cash Flow from Ops. 17.710.621.710.8-1.511.80.642.824.94.3-
Debt/CF from Ops. 2.74.42.23.3-262.872.90.92.519.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%4.3%14.9%9.4%
Adj EPS -212.3%-230.7%-212.8%NA
BVPS2.3%-2.1%-7.8%-29.7%
Share Price - 12.3% -21.1% -4.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.21712.54.610.6-9.92744-29.9-35.4-23.5
Op. Profit
Mgn %
11.511.28.56.56.72.914.417.5-5.4-2.91.1
Net Profit
Mgn %
2.832.30.81.9-1.86.29-7.4-5.7-3
Debt to
Equity
2.82.32.11.61.61.61.60.92.13.82.7
Working Cap
Days
15516717218217316018114717113360
Cash Conv.
Cycle
10911710292868593616128-11

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.86%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 3.82

Sales growth is not so good in last 4 quarters at -2.68%

Latest Financials - Maris Spinners Ltd.

Standalone Consolidated
TTM EPS (₹) -6.1 -
TTM Sales (₹ Cr.) 158 -
BVPS (₹.) 24.7 -
Reserves (₹ Cr.) 12 -
P/BV 1.57 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 31.65 / 59.98
All Time Low / High (₹) 0.15 / 169.90
Market Cap (₹ Cr.) 30.7
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Maris Spinners:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Maris Spinners

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales119.69104.87117.73122.20129.89122.23106.02170.40146.80160.65
Operating Expenses 105.9693.10107.74114.22121.22118.7590.77140.51154.70165.28
Manufacturing Costs22.0821.8120.9321.79222218.2425.1423.3525.93
Material Costs71.5558.0872.7878.6283.2781.9859.9497.38113.24121.92
Employee Cost 7.348.668.699.4211.0510.398.8411.3212.2112
Other Costs 4.994.565.344.384.904.393.766.675.905.43
Operating Profit 13.7311.779.997.988.673.4815.2629.89-7.91-4.62
Operating Profit Margin (%) 11.5%11.2%8.5%6.5%6.7%2.8%14.4%17.5%-5.4%-2.9%
Other Income 3.052.532.792.772.752.842.621.573.166.34
Interest 6.405.424.744.984.854.794.433.785.519.09
Depreciation 5.414.935.064.984.644.714.224.355.435.90
Exceptional Items -0.01000000000
Profit Before Tax 4.973.952.990.781.93-3.179.2323.33-15.69-13.27
Tax 1.650.760.34-0.25-0.55-1.022.467.90-4.83-4.14
Profit After Tax 3.313.192.651.032.48-2.156.7615.43-10.86-9.13
PAT Margin (%) 2.8%3.0%2.3%0.8%1.9%-1.8%6.4%9.1%-7.4%-5.7%
Adjusted EPS (₹)4.14.03.31.33.1-2.78.419.5-13.7-11.5
Dividend Payout Ratio (%)24%25%30%78%33%0%12%5%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 17.5919.8222.4922.5624.1021.0727.6542.3230.3321.34
Share Capital 8.038.038.048.048.058.068.067.927.927.92
Reserves 9.5611.7914.4514.5216.0413.0219.5934.3922.4013.41
Minority Interest0000000000
Debt42.8946.3947.0236.0839.6332.8040.3433.4957.8767.15
Long Term Debt14.4411.5710.637.696.866.1410.1620.7232.3743.48
Short Term Debt28.4534.8236.3928.3932.7726.6630.1812.7725.5023.67
Trade Payables3.746.0316.2124.2820.6313.2410.0124.3634.0727.53
Others Liabilities 17.2811.127.026.175.534.429.9418.864.2710.26
Total Liabilities 81.5083.3592.7389.0989.8971.5387.93119.02126.53126.28

Fixed Assets

Gross Block111.56113.42115.70116.01123.20125.07128.44137.62176.54184.45
Accumulated Depreciation76.2281.0786.1390.8395.4399.88101.44105.60110.83116.59
Net Fixed Assets35.3532.3529.5725.1727.7725.192732.0265.7167.86
CWIP 0.090.301.022.160.120.160.548.651.160
Investments 00.010.070.070.070.070.060.060.060.10
Inventories19.8928.0536.9236.9438.3625.5236.4747.2639.6033.24
Trade Receivables16.5313.2813.0117.2614.8112.575.867.815.649.10
Cash Equivalents 0.130.421.550.520.270.780.630.290.260.38
Others Assets9.528.9410.606.988.497.2417.3722.9214.0915.60
Total Assets 81.5083.3592.7389.0989.8971.5387.93119.02126.53126.28

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 17.7410.5721.6710.84-1.5211.760.6042.8024.894.26
PBT 4.973.952.980.741.82-3.179.2323.33-15.69-13.27
Adjustment 11.059.869.449.689.189.097.807.6310.2214.90
Changes in Working Capital 3.4-2.4410.180.58-12.365.84-15.4217.4930.832.63
Tax Paid -1.68-0.80-0.93-0.16-0.150-1-5.65-0.480
Cash Flow From Investing Activity -3.16-2.15-3.05-1.47-5.77-1.81-5.55-19.48-30.62-6.39
Capex -3.67-1.92-2.28-0.64-7.22-2.13-5.76-9.53-31.65-6.99
Net Investments 0-0.01-0.050000.010.120-0.04
Others 0.52-0.22-0.72-0.831.450.320.20-10.071.040.63
Cash Flow From Financing Activity -14.62-8.12-8.92-4.12-6.38-6.14-0.156.365.702.29
Net Proceeds from Shares 0.0300.0200.010.010000
Net Proceeds from Borrowing 0000-0.8300011.6511.11
Interest Paid -5.74-4.94-4.74-4.91-4.57-4.47-4.17-3.41-5.15-8.82
Dividend Paid -0.93-0.970-0.96-0.96-0.970-0.79-0.790
Others -7.97-2.22-4.211.75-0.02-0.714.0210.5600
Net Cash Flow -0.030.299.695.25-13.683.81-5.1029.69-0.030.15
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)20.1917.0412.534.5810.61-9.5227.7644.1-29.91-35.34
ROCE (%)17.214.1611.39911.082.7421.7635.56-11.67-4.26
Asset Turnover Ratio1.371.271.341.341.451.511.331.651.21.27
PAT to CFO Conversion(x)5.363.318.1810.52-0.61N/A0.092.77N/AN/A
Working Capital Days
Receivable Days49524145454132151717
Inventory Days7883101110106951079010883
Payable Days27315694987571649492

Maris Spinners Ltd Stock News

Maris Spinners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Maris Spinners on 20-Dec-2024 16:59 is ₹38.78.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Maris Spinners stood at ₹30.73.
The latest P/E ratio of Maris Spinners as of 20-Dec-2024 16:59 is 0.00.
The latest P/B ratio of Maris Spinners as of 20-Dec-2024 16:59 is 1.57.
The 52-week high of Maris Spinners is ₹59.98 and the 52-week low is ₹31.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maris Spinners is ₹158.4 ( Cr.) .

About Maris Spinners Ltd

Maris Spinners was originally incorporated as a Private Limited Company on September 18, 1979. The company became a deemed Public Limited Company under section 43A (1A) of the Companies Act, 1956 from July 1, 1994. Consequently the name of the company was changed to Maris Spinners Limited by deleting the word Private, and a fresh certificate of incorporation was issued on February 9, 1995.

The Company commenced commercial production in 1981 with an installed capacity of 11,856 spindles. Since its inception, the Company has undertaken regular expansion and modernization programmes to increase capacity and productivity. The present capacity of the spinning unit is 24,672 spindles.

The company presently manufactures 100% cotton carded yarn of counts 30s, and 40s for weaving, knitting and handlooms. The Company's spinning unit is located in Kattemalalavadi village, Hunsur taluk, Mysore District, Karnataka. Maria Spinners has a sound track record of productivity, and has been producing high quality yarn for the domestic market.

The registered office of the company is located at 11, Cathedral Road, Chennai-600086

Business area of the company

The company is engaged in manufacturing of 100% cotton carded yarn for weaving, knitting and handlooms.

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