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Maris Spinners BSE:531503 Stock Report

Last Price


Market Cap







03 Jul, 2022


Company Financials
531503 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance6/6
Financial Health5/6

531503 Stock Overview

Maris Spinners Limited engages in the manufacturing and selling of cotton yarn for knitting, weaving, and hosiery in India.

Maris Spinners Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maris Spinners
Historical stock prices
Current Share Price₹66.50
52 Week High₹169.90
52 Week Low₹43.25
1 Month Change-5.87%
3 Month Change-41.12%
1 Year Change53.76%
3 Year Change13.77%
5 Year Change95.88%
Change since IPO2,855.56%

Recent News & Updates

Shareholder Returns

531503IN LuxuryIN Market

Return vs Industry: 531503 exceeded the Indian Luxury industry which returned 12.3% over the past year.

Return vs Market: 531503 exceeded the Indian Market which returned -0.3% over the past year.

Price Volatility

Is 531503's price volatile compared to industry and market?
531503 volatility
531503 Average Weekly Movement11.2%
Luxury Industry Average Movement7.6%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.4%

Stable Share Price: 531503 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 531503's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

1979317Anand Rengaswamy

Maris Spinners Limited engages in the manufacturing and selling of cotton yarn for knitting, weaving, and hosiery in India. The company was incorporated in 1979 and is headquartered in Chennai, India.

Maris Spinners Fundamentals Summary

How do Maris Spinners's earnings and revenue compare to its market cap?
531503 fundamental statistics
Market Cap₹527.00m
Earnings (TTM)₹154.29m
Revenue (TTM)₹1.72b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
531503 income statement (TTM)
Cost of Revenue₹1.14b
Gross Profit₹579.56m
Other Expenses₹425.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)19.47
Gross Margin33.70%
Net Profit Margin8.97%
Debt/Equity Ratio90.9%

How did 531503 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does 531503 pay a reliable dividends?

See 531503 dividend history and benchmarks
When do you need to buy 531503 by to receive an upcoming dividend?
Maris Spinners dividend dates
Ex Dividend DateSep 12 2022
Dividend Pay DateOct 23 2022
Days until Ex dividend70 days
Days until Dividend pay date111 days

Does 531503 pay a reliable dividends?

See 531503 dividend history and benchmarks
We’ve recently updated our valuation analysis.


Is 531503 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 531503?

Other financial metrics that can be useful for relative valuation.

531503 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA2.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 531503's PE Ratio compare to its peers?

531503 PE Ratio vs Peers
The above table shows the PE ratio for 531503 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
533101 Suryaamba Spinning Mills
526479 Sky Industries
526851 Arex Industries
530201 Kallam Textiles
531503 Maris Spinners

Price-To-Earnings vs Peers: 531503 is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (9.2x).

Price to Earnings Ratio vs Industry

How does 531503's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: 531503 is good value based on its Price-To-Earnings Ratio (3.4x) compared to the Indian Luxury industry average (12.5x)

Price to Earnings Ratio vs Fair Ratio

What is 531503's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

531503 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 531503's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 531503 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 531503 (₹66.5) is trading below our estimate of fair value (₹2261.26)

Significantly Below Fair Value: 531503 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

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

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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.

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  • Examine whether Maris Spinners is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Maris Spinners competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Maris Spinners performed over the past 5 years?

Past Performance Score


Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 531503 has high quality earnings.

Growing Profit Margin: 531503's current net profit margins (9%) are higher than last year (6.2%).

Past Earnings Growth Analysis

Earnings Trend: 531503's earnings have grown significantly by 45.4% per year over the past 5 years.

Accelerating Growth: 531503's earnings growth over the past year (128.2%) exceeds its 5-year average (45.4% per year).

Earnings vs Industry: 531503 earnings growth over the past year (128.2%) exceeded the Luxury industry 83.8%.

Return on Equity

High ROE: 531503's Return on Equity (36.5%) is considered high.

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Financial Health

How is Maris Spinners's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 531503's short term assets (₹729.8M) exceed its short term liabilities (₹558.4M).

Long Term Liabilities: 531503's short term assets (₹729.8M) exceed its long term liabilities (₹207.2M).

Debt to Equity History and Analysis

Debt Level: 531503's net debt to equity ratio (89.9%) is considered high.

Reducing Debt: 531503's debt to equity ratio has reduced from 209.1% to 90.9% over the past 5 years.

Debt Coverage: 531503's debt is well covered by operating cash flow (111.3%).

Interest Coverage: 531503's interest payments on its debt are well covered by EBIT (7.8x coverage).

Balance Sheet

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

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayJul 04 2022Ex Dividend DateSep 12 2022Dividend Pay DateOct 23 202241 days from Ex DividendBuy in the next 70 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 531503's dividend (1.5%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: 531503's dividend (1.5%) is low compared to the top 25% of dividend payers in the Indian market (1.86%).

Stability and Growth of Payments

Stable Dividend: 531503 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 531503 has only been paying a dividend for 6 years, and since then payments have not increased.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (5.1%), 531503's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.1%), 531503's dividend payments are thoroughly covered by cash flows.

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


Average management tenure


Anand Rengaswamy (65 yo)





Mr. Anandakumar Rengaswamy, also known as Anand, B.Sc, M.Tech. has been the Managing Director and an Executive Promoter Director of Maris Spinners Limited since July 01, 2007 and since June 15, 1995 respec...

CEO Compensation Analysis

Compensation vs Market: Anand's total compensation ($USD25.77K) is below average for companies of similar size in the Indian market ($USD38.02K).

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

Leadership Team

Experienced Management: 531503's management team is considered experienced (4.9 years average tenure).

Board Members

Experienced Board: 531503's board of directors are considered experienced (3.2 years average tenure).


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 employee growth, exchange listings and data sources

Key Information

  • Name: Maris Spinners Limited
  • Ticker: 531503
  • Exchange: BSE
  • Founded: 1979
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: ₹526.997m
  • Shares outstanding: 7.92m
  • Website:

Number of Employees


  • Maris Spinners Limited
  • New No.11, Old No.9
  • Cathedral Road
  • Chennai
  • Tamil Nadu
  • 600086
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2022/03/31

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.