BSE:531503

Stock Analysis Report

Executive Summary

Maris Spinners Limited manufactures and sells cotton yarn for knitting and weaving in India.


Snowflake Analysis

Mediocre balance sheet unattractive dividend payer.

Share Price & News

How has Maris Spinners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531503's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.9%

531503

1.1%

IN Luxury

-0.6%

IN Market


1 Year Return

-80.4%

531503

19.3%

IN Luxury

11.1%

IN Market

Return vs Industry: 531503 underperformed the Indian Luxury industry which returned 19.3% over the past year.

Return vs Market: 531503 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

531503IndustryMarket
7 Day-13.9%1.1%-0.6%
30 Day-29.3%4.6%-0.5%
90 Day-71.4%11.5%3.0%
1 Year-79.9%-80.4%20.1%19.3%13.1%11.1%
3 Year-49.7%-53.7%54.7%52.8%24.5%18.0%
5 Yearn/a110.4%103.4%37.8%25.7%

Price Volatility Vs. Market

How volatile is Maris Spinners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Maris Spinners undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 531503 (₹12.05) is trading above our estimate of fair value (₹9.6)

Significantly Below Fair Value: 531503 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 531503 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 531503 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531503's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531503 is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Maris Spinners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maris Spinners has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Maris Spinners performed over the past 5 years?

-22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531503 is currently unprofitable.

Growing Profit Margin: 531503 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 531503 is unprofitable, and losses have increased over the past 5 years at a rate of -22.1% per year.

Accelerating Growth: Unable to compare 531503's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531503 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6%).


Return on Equity

High ROE: 531503 has a negative Return on Equity (-12.01%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Maris Spinners's financial position?


Financial Position Analysis

Short Term Liabilities: 531503's short term assets (₹464.2M) exceed its short term liabilities (₹436.9M).

Long Term Liabilities: 531503's short term assets (₹464.2M) exceed its long term liabilities (₹65.8M).


Debt to Equity History and Analysis

Debt Level: 531503's debt to equity ratio (161.6%) is considered high.

Reducing Debt: 531503's debt to equity ratio has reduced from 259.5% to 161.6% over the past 5 years.


Balance Sheet

Inventory Level: 531503 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531503's debt is covered by short term assets (assets are 1.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 531503 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 531503 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Maris Spinners's current dividend yield, its reliability and sustainability?

8.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 531503's dividend (8.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 531503's dividend (8.3%) is in the top 25% of dividend payers in the Indian market (2.55%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 531503 has been paying a dividend for less than 10 years.

Growing Dividend: 531503 has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: 531503 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average board tenure


CEO

Anand Rengaswamy (61yo)

12.6yrs

Tenure

₹2,550,000

Compensation

Mr. Anandakumar Rengaswamy, Anand, B.Sc, M.Tech. has been the Managing Director and Executive Promoter Director of Maris Spinners Limited. since July 1, 2007 and since June 15, 1995 respectively. 


CEO Compensation Analysis

Compensation vs Market: Anand's total compensation ($USD35.64K) is about average for companies of similar size in the Indian market ($USD50.31K).

Compensation vs Earnings: Anand's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Anandakumar Rengaswamy
MD & Executive Promoter Director12.6yrs₹2.55m32.32% 33.4m
T. Raghuraman
Whole Time Director12.6yrs₹1.20m14.01% 14.5m
A. Govind
CFO & Whole-time Director3.3yrsno datano data
T. Jayaraman
Executive Promoter Director24.7yrsno data5.49% 5.7m
Ananthankumar Dhamayanthi
Additional Woman Director0.8yrsno datano data
Parag Harkishon Udani
Additional Independent Director0.8yrsno datano data
S. Kalyanaraman
Additional Independent Director0.8yrsno datano data
S. Swaminathan
Additional Independent Director0.7yrsno datano data

2.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 531503's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maris Spinners Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maris Spinners Limited
  • Ticker: 531503
  • Exchange: BSE
  • Founded: 1979
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹103.380m
  • Shares outstanding: 8.17m
  • Website: https://www.maris.co.in

Number of Employees


Location

  • Maris Spinners Limited
  • 11 Cathedral Road
  • Chennai
  • Tamil Nadu
  • 600086
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531503BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2002

Biography

Maris Spinners Limited manufactures and sells cotton yarn for knitting and weaving in India. The company was founded in 1979 and is headquartered in Chennai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 12:42
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.