Maris Spinners Ltd (MARIS) Share Price & Fundamentals

What we do

Maris Spinners Ltd is a leading Indian textile company specializing in manufacturing high-quality yarn for the domestic market, alongside captive wind and solar power generation.

Founded in

1,979

Market share

Well-established player in Indian textile spinning sector with significant presence in domestic yarn market.

Problem solved

Provides quality yarn solutions addressing domestic textile industry's demand and enhances sustainability through renewable energy use.

Top clients or who we serve

B2B segment, primarily domestic textile manufacturers sourcing yarn; also energy consumers within captive renewable power segment.

Key management

Managing Director Mr. T Raghuraman; Wholetime Directors Mr. A. Harigovind and Mr. Adithya Raghuraman; Company Secretary Mr. N Sridharan.

Our journey and innovations

Started in 1979; expanded spinning capacity across Karnataka and Tamil Nadu; introduced wind energy for captive use since 1994; ongoing modernization.

Where we operate

Operations primarily in Karnataka and Tamil Nadu, India, serving Indian textile manufacturers nationwide.

Top products or what we offer

High-quality yarn with flexible count ranges; captive wind and solar energy generation for sustainable operations.

Top brands

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Raw materials needed

Cotton and man-made fibers as primary raw materials for yarn production.

Raw materials supplier

Suppliers of Indian cotton and man-made fiber producers; specific names not disclosed.

Recurring vs cyclical contribution

Revenue largely cyclical, tied to textile industry demand and raw material price fluctuations.

Our industry position

Recognized as a reliable domestic yarn manufacturer with established operations and competitive capacity expansion.

Financial highlights

FY2024-25 revenue Rs.178.7 crore; net loss Rs.1.5 crore; improved from prior year loss; EBITDA negative due to market challenges.

Geographical revenue split

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Order book

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Whats driving growth

Domestic textile demand recovery, modernization, introduction of value-added yarn products, and sustainable energy integration.

Our future plans

Focus on cost rationalization, product mix adjustment to market demand, and expanding value-added yarn offerings.

Our green promise

Invested in captive wind and solar energy since mid-1990s to reduce environmental footprint and operational costs.

Our people and values

Committed workforce with structured development programs, appraisal systems, and focus on retention and skill enhancement.

Key challenges ahead

Raw material price volatility, infrastructure improvements, and sustainability compliance amid competitive textile sector.

Interesting facts

One of the early adopters of captive wind energy generation in Indian textile manufacturing industry.

Risks and strategy

Commodity price risks mitigated through vendor development and inventory management; regulatory compliance and talent retention prioritized.