What we do Katare Spinning Mills Ltd manufactures cotton and synthetic yarn, operates a spinning mill, and runs solar power and hospitality businesses primarily in Maharashtra, India. |
Founded in 1,980 |
Market share A niche player in Maharashtra's spinning and solar power industry with localized operations and steady segment revenue. |
Problem solved Provides quality cotton and synthetic yarn to textile markets and reduces power costs through captive solar energy, supporting sustainable manufacturing. |
Top clients or who we serve Supplies yarn to textile manufacturers and uses solar power internally; operates B2B in textiles and captive B2C energy use. |
Key management - |
Our journey and innovations Started in 1980 with spinning mill; added synthetic yarn unit, knitting unit, and captive 1MW solar plant; pioneering net metering in Maharashtra. |
Where we operate Primarily operates in Maharashtra, India, with focus on Solapur and Osmanabad districts. |
Top products or what we offer Cotton and synthetic yarn manufacturing; captive solar power generation; hospitality services via a hotel facility in Solapur. |
Top brands - |
Raw materials needed Cotton, synthetic fibers for yarn production; solar panels and equipment for power generation. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue driven by yarn sales and solar power generation; yarn sales are cyclical, solar power offers steady captive consumption. |
Our industry position Steady performer in local spinning segment; early adopter of solar net metering in regional captive power market. |
Financial highlights FY 2024-25 Revenue: Rs 53.6 crore; Net loss: Rs 17.3 crore; Improving revenue with ongoing market challenges. |
Geographical revenue split Revenue primarily from operations in Maharashtra, India. |
Order book - |
Whats driving growth Lower cotton prices enhanced yarn production; solar power reduces costs; modernization efforts to compete effectively. |
Our future plans Exploring market conditions to restart full spinning operations; continuing solar power optimization and hospitality expansion. |
Our green promise Operates 1MW solar plant reducing production costs and carbon footprint; first net metering plant in Maharashtra. |
Our people and values Emphasizes corporate governance, transparency, and safety; cordial industrial relations; committed to diversity and inclusion. |
Key challenges ahead Challenging spinning industry conditions delaying production restart; fluctuating cotton prices affecting profitability. |
Interesting facts First solar power net metering installation in Maharashtra; diversified from textiles into sustainable energy and hospitality. |
Risks and strategy Market volatility and operational delays addressed by adopting technology upgrades, solar integration, and financial prudence. |
