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Maris Spinners

BSE:531503
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
531503
BSE
₹358M
Market Cap
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Last updated 2019/04/18 12:37
Company description

Maris Spinners Limited manufactures and sells cotton yarn in India. The last earnings update was 73 days ago. More info.

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  • Maris Spinners has significant price volatility in the past 3 months.
531503 Share Price and Events
7 Day Returns
-5%
BSE:531503
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
15.3%
BSE:531503
-3.3%
IN Luxury
0.1%
IN Market
531503 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maris Spinners (531503) -5% -18.5% -15.9% 15.3% - -
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 531503 outperformed the Luxury industry which returned -3.3% over the past year.
  • 531503 outperformed the Market in India which returned 0.1% over the past year.
Price Volatility
531503
Industry
5yr Volatility vs Market
Related Companies

531503 Value

 Is Maris Spinners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maris Spinners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maris Spinners.

BSE:531503 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:531503
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (96.65%)) 		1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.124 * 8.6%) 		17.22%

Discounted Cash Flow Calculation for BSE:531503 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maris Spinners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:531503 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.22%)
2019 122.96 Est @ 12.75% 104.90
2020 136.72 Est @ 11.19% 99.51
2021 150.53 Est @ 10.1% 93.46
2022 164.58 Est @ 9.33% 87.18
2023 179.07 Est @ 8.8% 80.92
2024 194.15 Est @ 8.42% 74.85
2025 210.00 Est @ 8.16% 69.06
2026 226.75 Est @ 7.98% 63.62
2027 244.55 Est @ 7.85% 58.54
2028 263.53 Est @ 7.76% 53.81
Present value of next 10 years cash flows ₹785.85
BSE:531503 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹263.53 × (1 + 7.55%) ÷ (17.22% – 7.55%) 		₹2,931.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,931.58 ÷ (1 + 17.22%)10 		₹598.63
BSE:531503 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹785.85 + ₹598.63 		₹1,384.48
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹1,384.48 / 8.17 		₹169.41
BSE:531503 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹169.41
Current discount Discount to share price of ₹43.75
= -1 x (₹43.75 - ₹169.41) / ₹169.41 		74.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Maris Spinners is available for.
Intrinsic value
>50%
Share price is ₹43.75 vs Future cash flow value of ₹169.41
Current Discount Checks
For Maris Spinners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Maris Spinners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Maris Spinners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maris Spinners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maris Spinners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:531503 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.56
BSE:531503 Share Price ** BSE (2019-04-16) in INR ₹43.75
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maris Spinners.

BSE:531503 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531503 Share Price ÷ EPS (both in INR)

= 43.75 ÷ 5.56

 7.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maris Spinners is good value based on earnings compared to the IN Luxury industry average.
  • Maris Spinners is good value based on earnings compared to the India market.
Price based on expected Growth
Does Maris Spinners's expected growth come at a high price?
Raw Data
BSE:531503 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -9.1%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Maris Spinners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maris Spinners's assets?
Raw Data
BSE:531503 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹30.58
BSE:531503 Share Price * BSE (2019-04-16) in INR ₹43.75
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:531503 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531503 Share Price ÷ Book Value per Share (both in INR)

= 43.75 ÷ 30.58

 1.43x

* Primary Listing of Maris Spinners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maris Spinners is overvalued based on assets compared to the IN Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Maris Spinners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Maris Spinners has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

531503 Future Performance

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

  • No analysts cover Maris Spinners, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maris Spinners expected to grow at an attractive rate?
  • Maris Spinners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Maris Spinners's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Maris Spinners's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:531503 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:531503 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -9.1%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:531503 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:531503 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,289 45
2018-09-30 1,284 46
2018-06-30 1,252 18
2018-03-31 1,246 106 10
2017-12-31 1,287 9
2017-09-30 1,272 4
2017-06-30 1,189 24
2017-03-31 1,202 217 26
2016-12-31 1,084 15
2016-09-30 1,085 27
2016-06-30 1,132 28
2016-03-31 1,070 106 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maris Spinners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Maris Spinners is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:531503 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Maris Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531503 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 5.56
2018-09-30 5.67
2018-06-30 2.28
2018-03-31 1.21
2017-12-31 1.11
2017-09-30 0.47
2017-06-30 2.96
2017-03-31 3.24
2016-12-31 1.88
2016-09-30
2016-06-30
2016-03-31 3.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Maris Spinners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Maris Spinners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maris Spinners has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

531503 Past Performance

  How has Maris Spinners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maris Spinners's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Maris Spinners's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Maris Spinners's 1-year earnings growth exceeds its 5-year average (391.6% vs -10.2%)
  • Maris Spinners's earnings growth has exceeded the IN Luxury industry average in the past year (391.6% vs 14.8%).
Earnings and Revenue History
Maris Spinners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maris Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531503 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,288.91 44.88 156.33
2018-09-30 1,284.27 45.75 152.35
2018-06-30 1,252.37 17.90 91.00
2018-03-31 1,246.04 9.90 144.55
2017-12-31 1,286.73 9.13 145.60
2017-09-30 1,271.53 3.86 142.49
2017-06-30 1,189.47 24.26 146.31
2017-03-31 1,201.52 26.45 140.29
2016-12-31 1,083.69 15.44 135.39
2016-09-30 1,084.85 27.29 135.36
2016-06-30 1,131.87 28.31 88.36
2016-03-31 1,070.33 31.88 132.13
2015-12-31 1,148.17 37.14 128.08
2015-09-30 1,153.36 28.61 127.00
2015-06-30 1,189.97 27.36 125.27
2015-03-31 1,222.37 33.13 123.34
2014-12-31 1,213.56 7.23 122.58
2014-09-30 1,231.69 24.34 69.55
2014-06-30 1,220.40 32.03 68.42
2014-03-31 1,190.26 40.41 119.90
2013-12-31 1,165.61 62.30 116.12
2013-09-30 1,127.87 52.47 113.14
2013-06-30 1,085.10 54.87 61.97
2013-03-31 1,068.68 36.82 104.18
2012-12-31 1,033.90 85.31 91.19
2012-09-30 1,012.09 65.20 89.99
2012-06-30 1,015.28 2.12 83.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Maris Spinners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maris Spinners used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Maris Spinners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maris Spinners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maris Spinners has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

531503 Health

 How is Maris Spinners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maris Spinners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maris Spinners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maris Spinners's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maris Spinners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maris Spinners Company Filings, last reported 3 months ago.

BSE:531503 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 250.21 345.56 8.21
2018-09-30 250.21 345.56 8.21
2018-06-30 225.58 360.84 14.63
2018-03-31 225.58 360.84 5.16
2017-12-31 217.00 388.47 21.21
2017-09-30 217.00 388.47 21.21
2017-06-30 224.86 470.16 15.47
2017-03-31 224.86 470.16 15.47
2016-12-31 221.78 374.87 1.28
2016-09-30 221.78 374.87 1.28
2016-06-30 198.15 415.46 4.18
2016-03-31 198.15 463.94 4.18
2015-12-31 198.20 386.42 4.24
2015-09-30 198.20 386.42 4.24
2015-06-30 175.94 484.96 1.25
2015-03-31 175.94 484.96 1.25
2014-12-31 183.24 475.23 2.98
2014-09-30 183.24 475.23 2.98
2014-06-30 152.26 508.58 1.59
2014-03-31 152.26 571.45 1.59
2013-12-31 168.26 476.22 11.69
2013-09-30 168.26 476.22 11.69
2013-06-30 121.20 538.15 12.67
2013-03-31 121.16 601.84 12.67
2012-12-31
2012-09-30
2012-06-30
  • Maris Spinners's level of debt (138.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (284% vs 138.1% today).
  • Debt is well covered by operating cash flow (30.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Maris Spinners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Maris Spinners has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

531503 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.29%
Current annual income from Maris Spinners dividends.
If you bought ₹2,000 of Maris Spinners shares you are expected to receive ₹46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Maris Spinners's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Maris Spinners's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:531503 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:531503 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-30 1.000 1.977
2017-08-24 1.000 3.077
2017-07-14 1.000 3.114
2017-05-31 1.000 3.371
2016-09-22 1.000 3.487
2016-04-29 1.000 4.732

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Maris Spinners has been paying a dividend for less than 10 years.
  • Maris Spinners has only been paying a dividend for 3 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Maris Spinners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Maris Spinners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maris Spinners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Maris Spinners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

531503 Management

 What is the CEO of Maris Spinners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anand Rengaswamy
COMPENSATION ₹2,550,000
AGE 60
TENURE AS CEO 11.8 years
CEO Bio

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
  • Anand's compensation has been consistent with company performance over the past year.
  • Anand's remuneration is higher than average for companies of similar size in India.
Management Team

Anand Rengaswamy

TITLE
MD & Executive Promoter Director
COMPENSATION
₹3M
AGE
60
TENURE
11.8 yrs

A. Govind

TITLE
CFO & Director
AGE
35

K. V. Raghavan

TITLE
Compliance Officer & Company Secretary

T. Raghuraman

TITLE
Whole Time Director
AGE
60

T. Jayaraman

TITLE
Executive Promoter Director
AGE
62

Kamala Thangavelu

TITLE
Executive Promoter Director
AGE
82
Board of Directors Tenure

Average tenure and age of the Maris Spinners board of directors in years:

13.4
Average Tenure
61
Average Age
  • The average tenure for the Maris Spinners board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Anand Rengaswamy

TITLE
MD & Executive Promoter Director
COMPENSATION
₹3M
AGE
60
TENURE
23.8 yrs

A. Govind

TITLE
CFO & Director
AGE
35
TENURE
2.4 yrs

T. Raghuraman

TITLE
Whole Time Director
AGE
60
TENURE
11.8 yrs

T. Jayaraman

TITLE
Executive Promoter Director
AGE
62
TENURE
23.8 yrs

Kamala Thangavelu

TITLE
Executive Promoter Director
AGE
82
TENURE
4.1 yrs

S. Venkataramani

TITLE
Non-Executive Independent Director
AGE
76
TENURE
13.4 yrs

S. Srivatsan

TITLE
Non-Executive Independent Director
AGE
62
TENURE
13.4 yrs

Premal Udani

TITLE
Non-Executive Independent Director
AGE
58
TENURE
13.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Maris Spinners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Maris Spinners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

531503 News

Simply Wall St News

531503 Company Info

Description

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

Details
Name: Maris Spinners Limited
531503
Exchange: BSE
Founded: 1979
₹357,540,750
8,172,360
Website: http://www.maris.co.in
Address: Maris Spinners Limited
11 Cathedral Road,
Chennai,
Tamil Nadu, 600086,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531503 Equity Shares Mumbai Stock Exchange IN INR 12. Apr 2002
Number of employees
Current staff
Staff numbers
224
Maris Spinners employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:37
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

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