What we do Super Spinning Mills Ltd manufactures and sells cotton yarn and allied products, recently shifting focus from textiles to rental business after exiting yarn manufacturing. |
Founded in 1,962 |
Market share Established with large spindle capacity historically; now repositioned focusing on rental income to stabilize finances. |
Problem solved Provides high-quality cotton yarn solutions; currently utilizes assets to generate rental income aiding financial resilience. |
Top clients or who we serve Serves textile industry clients with cotton yarn; currently rental clients for its factory and warehouse spaces. |
Key management Chairman & Managing Director: Mr. Sumanth Ramamurthi; CFO: Mrs. Padmavathy P; Company Secretary: Mrs. Sabeetha Devarajan. |
Our journey and innovations Started in 1962 with 12,000 spindles; expanded to over 177,000 spindles by 2007; diversified into garments and wind energy; recently exited textile manufacturing. |
Where we operate Operations primarily in India with manufacturing units in Tamil Nadu and Andhra Pradesh; some exports previously. |
Top products or what we offer Cotton yarn, garments (Polo T-shirts), and rental services from leased manufacturing facilities. |
Top brands - |
Raw materials needed Raw cotton for yarn manufacturing prior to exit from textile business. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue increasingly recurring from rental services; textile revenues were cyclical based on production cycles. |
Our industry position Once a significant textile player in India; currently focusing on asset rentals amid textile exit. |
Financial highlights FY 2024-25 revenues Rs. 6.63 crores; suffered losses with net loss including discontinued operations approximating Rs. 16.4 crores. |
Geographical revenue split Approximately 79% revenue from India, 21% from outside India as of FY 2016. |
Order book - |
Whats driving growth Rental income from leasing industrial units; divestment from textile operations to stabilize finances. |
Our future plans Focus on leasing existing manufacturing units to increase rental income; no textile manufacturing planned. |
Our green promise Installed a 1250 KW windmill in Tamil Nadu for renewable energy usage. |
Our people and values Committed to employee welfare and corporate governance; no major CSR initiatives due to non-applicability. |
Key challenges ahead Recovering from textile business exit losses; stabilizing cash flows through rental business; managing debt. |
Interesting facts One of the early cotton yarn producers in India with multiple expansions over five decades. |
Risks and strategy Mitigating financial risks by transitioning from manufacturing to rental business; exploring leasing opportunities for idle assets. |
