Maris Spinners
Market Cap
₹103.4m
Last Updated
2020/02/20 12:42 UTC
Data Sources
Company Financials
Executive Summary
Maris Spinners Limited manufactures and sells cotton yarn for knitting and weaving in India.
Risk Analysis
+ 1 more risk
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
| 531503 | Industry | Market | |
|---|---|---|---|
| 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 Year | n/a | 110.4%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
- Take a look at our analysis of 531503’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Maris Spinners competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Promoter Director | 12.6yrs | ₹2.55m | 32.32% ₹33.4m | |
| Whole Time Director | 12.6yrs | ₹1.20m | 14.01% ₹14.5m | |
| CFO & Whole-time Director | 3.3yrs | no data | no data | |
| Executive Promoter Director | 24.7yrs | no data | 5.49% ₹5.7m | |
| Additional Woman Director | 0.8yrs | no data | no data | |
| Additional Independent Director | 0.8yrs | no data | no data | |
| Additional Independent Director | 0.8yrs | no data | no data | |
| Additional Independent Director | 0.7yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 531503 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 12:42 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.