Maris Spinners Limited - manufacturing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L93090TN1979PLC032618 Incorporated 18 September 1979 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Listed - BSE: 531503 Public Limited Company manufacturing
Data last updated
Market Cap
₹30.65 Cr
MARIS · BSE
Share Price
₹36.80
-1.87% today
Revenue
₹168 Cr
FY 2025-26 · -0.4% YoY
EBITDA
₹6.93 Cr
Margin 4.1%
Net Profit
−₹1.47 Cr
FY 2025-26 · -17.6% YoY
P/E (TTM)
11.9x
P/B 1.7x
ROE
-7.7%
ROCE 7.6%
Debt / Equity
3.80
Interest cover 1,894.0x

About Maris Spinners Limited

Data last updated:

Maris Spinners Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 September 1979 and has been in existence for over 47 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L93090TN1979PLC032618. Its GSTIN is 33AAACM9874F1ZB (Tamil Nadu). The company holds 2 GST registrations, all of them active. Its shares are listed on BSE: 531503.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.92 Cr. It was formerly known as Maris Spinners Private Limited. It is led by directors including Thangavelu Raghuraman (Managing Director) and Harigovind (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at New No.11 Old No.9 Cathedral Road Gopalapuram, Chennai, Tamil Nadu, India – 600086.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹168.37 Cr, a decline of 0.4% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -0.9%) and EBITDA of ₹6.93 Cr (EBITDA margin 4.1%). The net worth stands at ₹18.42 Cr (down 7.1% YoY). Total assets are valued at ₹88.55 Cr (down 14.8% YoY).

The company has about 351 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Maris Spinners. As per MCA filings, the company has open charges of ₹156.86 Cr and satisfied charges of ₹101.5 Cr on record. Court records list 79 cases involving the company, including 43 filed by the company and 28 filed against it; 12 cases are pending. The company has 9 deals on record (9 market trades); the latest was in August 2026. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Ycd Industries Limited with revenue of ₹179.54 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maris.co.in.

Company Details of Maris Spinners Limited
CIN L93090TN1979PLC032618
Registration Number 032618
Incorporation Date 18 September 1979
ROC Chennai
Listing Status Listed (BSE: 531503)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    New No.11 Old No.9 Cathedral Road Gopalapuram, Chennai, Tamil Nadu, India – 600086
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Maris Spinners Limited

The main business activity of Maris Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Maris Spinners Limited FY 2025-26 filings available

Maris Spinners Limited reported revenue of ₹168.37 Cr (down 0.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹168 Cr
-0.4% YoY
EBITDA
₹6.93 Cr
+18.7% YoY
Profit After Tax
−₹1.47 Cr
-17.6% YoY
Net Worth
₹18.42 Cr
-7.1% YoY
Total Assets
₹88.55 Cr
-14.8% YoY
Total Debt
₹66.54 Cr
-15.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue168169161147170106122
Revenue growth-0.4%+5.2%+9.4%-13.9%+60.7%-13.3%-
EBITDA6.935.84(4.62)(7.90)29.8915.253.48
EBITDA margin+4.1%+3.5%-2.9%-5.4%+17.5%+14.4%+2.9%
Profit before tax(2.17)(1.64)(13.27)(15.68)23.339.22(3.18)
Net profit(1.47)(1.25)(9.13)(10.85)15.456.54(2.32)
Net profit margin-0.9%-0.7%-5.7%-7.4%+9.1%+6.2%-1.9%
EPS (₹)(1.85)(1.59)(11.52)(13.71)19.478.39(2.67)
Balance sheet
Total assets88.5510410393.6180.7871.6953.88
Net worth18.4219.8321.3330.3242.3127.6521.08
Total debt66.5478.7981.4163.2838.4644.0432.80
Cash & bank3.230.140.380.260.290.630.78
Net working capital19.4930.7923.7318.9136.1141.4424.39
Cash flow
Cash from operations21.279.144.2624.8942.800.6011.76
Cash from investing3.203.28(6.39)(30.62)(19.48)(5.55)(1.81)
Cash from financing(21.36)(12.63)2.295.706.36(0.15)(6.14)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue48.0545.9141.2443.1238.1044.9342.3140.36
Revenue growth (YoY)+26.1%+2.2%-2.5%+6.8%-8.0%---
Other income1.621.351.791.781.873.922.341.91
Total expenses40.9543.4140.2841.6536.4642.6541.6939.70
EBITDA7.102.500.961.471.642.280.620.66
EBITDA margin+14.8%+5.4%+2.3%+3.4%+4.3%+5.1%+1.5%+1.6%
Depreciation1.501.421.681.671.661.771.651.63
Interest2.092.062.242.322.482.452.462.46
Profit before tax5.130.37(1.17)(0.74)(0.63)1.98(1.15)(1.52)
Tax1.490.04(0.34)(0.21)(0.19)0.67(0.33)(0.44)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue48.0545.9141.2443.1238.1044.9342.3140.36
Revenue growth (YoY)+26.1%+2.2%-2.5%+6.8%-8.0%---
Other income1.621.351.791.781.873.922.341.91
Total expenses40.9543.4140.2841.6536.4642.6541.6939.70
EBITDA7.102.500.961.471.642.280.620.66
EBITDA margin+14.8%+5.4%+2.3%+3.4%+4.3%+5.1%+1.5%+1.6%
Depreciation1.501.421.681.671.661.771.651.63
Interest2.092.062.242.322.482.452.462.46
Profit before tax5.130.37(1.17)(0.74)(0.63)1.98(1.15)(1.52)
Tax1.490.04(0.34)(0.21)(0.19)0.67(0.33)(0.44)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue168169161147170106122
Revenue growth-0.4%+5.2%+9.4%-13.9%+60.7%-13.3%-
Other income6.809.666.343.161.572.622.84
Total expenses16116316515514190.77119
Employee cost14.6913.3112.0012.2111.328.8410.39
EBITDA6.935.84(4.62)(7.90)29.8915.253.48
EBITDA margin+4.1%+3.5%-2.9%-5.4%+17.5%+14.4%+2.9%
Depreciation6.436.675.905.434.354.224.71
Interest9.4710.479.095.513.784.434.79
Profit before tax(2.17)(1.64)(13.27)(15.68)23.339.22(3.18)
Tax(0.70)(0.39)(4.14)(4.83)7.902.47(1.02)
Net profit(1.47)(1.25)(9.13)(10.85)15.456.54(2.32)
Net profit margin-0.9%-0.7%-5.7%-7.4%+9.1%+6.2%-1.9%
EPS (₹)(1.85)(1.59)(11.52)(13.71)19.478.39(2.67)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.927.927.927.927.928.068.06
Reserves & surplus10.5011.9113.4122.4034.3919.5913.02
Shareholders' funds (net worth)18.4219.8321.3330.3242.3127.6521.08
Secured loans66.0478.2980.9162.7832.9940.1428.90
Unsecured loans0.500.500.500.505.473.903.90
Total debt66.5478.7981.4163.2838.4644.0432.80
Total liabilities88.5510410393.6180.7871.6953.88
Assets
Gross block185185184177138128125
Net block56.2261.6467.8665.7132.0227.0025.19
Capital work in progress0.000.000.001.168.650.540.16
Investments0.920.130.100.060.060.060.07
Inventories30.3334.0833.2439.6047.2636.4725.52
Sundry debtors12.396.829.105.647.815.8612.57
Cash & bank balances3.230.140.380.260.290.630.78
Loans & advances8.6315.8211.839.8417.7514.353.77
Total current assets54.5856.8654.5555.3473.1157.3142.64
Total current liabilities35.0926.0730.8236.4337.0015.8718.25
Net working capital19.4930.7923.7318.9136.1141.4424.39
Total assets88.5510410393.6180.7871.6953.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.08(0.21)0.130.16(29.40)(24.45)(28.26)
Net cash from operating activities21.279.144.2624.8942.800.6011.76
Net cash from investing activities3.203.28(6.39)(30.62)(19.48)(5.55)(1.81)
Net cash from financing activities(21.36)(12.63)2.295.706.36(0.15)(6.14)
Net change in cash3.11(0.21)0.15(0.03)29.69(5.10)3.81
Closing cash3.230.140.380.260.290.630.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.4%+5.2%+9.4%-13.9%+60.7%-13.3%-
EBITDA growth+18.7%+226.4%+41.5%-126.4%+96.0%+338.2%-
PBT growth-32.3%+87.6%+15.4%-+153.0%+9998.0%-
Net income growth-17.6%+86.3%+15.9%-170.2%+136.2%+381.9%-
Revenue CAGR (3Y)+4.7%-0.3%+14.9%+6.3%+9.5%-4.6%+1.3%
EBITDA CAGR (3Y)--42.0%--+51.1%+24.2%-29.7%
Profitability & leverage
Net income margin-0.9%-0.7%-5.7%-7.4%+9.1%+6.4%-1.8%
Return on capital employed+7.6%+8.4%-4.3%-11.7%+35.6%+21.7%+2.8%
Return on net worth-7.7%-6.1%-35.4%-29.9%+44.1%+27.7%-9.5%
Debt / equity3.803.892.801.401.181.581.60
Long-term debt / equity1.681.911.560.860.390.190.14
Interest cover1,894.00-1,261.45-86.41-41.3414.8040.16-389.43
Efficiency & per share
Fixed asset turnover0.910.920.890.931.280.840.98
Inventory turnover5.235.024.413.384.073.423.83
Debtors turnover17.5321.2321.8021.8324.9311.518.93
EPS (₹)(1.85)(1.59)(11.52)(13.71)19.478.39(2.67)
Dividend per share (₹)0.000.000.000.001.001.000.00
Book value per share (₹)23.2525.0326.9238.2753.4034.3026.15
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Peer Comparison of Maris Spinners Limited

Maris Spinners Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ycd Industries Limited₹179.54 Cr (FY 2025)••••••••2.0%••••Muktsar, Punjab, India
Kamakshi Jute Industries Limited₹179.41 Cr (FY 2025)••••••••-1.0%••••Kolkata, West Bengal, India
Windeson Trademart Private Limited₹178.97 Cr (FY 2024)••••••••14.0%••••New Delhi, Delhi, India
Radhalaxmi Spintex Private Limited₹178.86 Cr (FY 2025)••••••••-3.0%••••Lakhdhirgadh, Gujarat, India
Hardik Textiles Private Limited₹178.74 Cr (FY 2025)••••••••-6.0%••••Bengaluru, Karnataka, India
Kamadgiri Fashion Limited Listed₹178.59 Cr (FY 2025)••••••••-20.0%••••Mumbai, Maharashtra, India
Best Cotton Mills Private Limited₹178.39 Cr (FY 2022)••••••••104.0%••••Tiruppur, Tamil Nadu, India
P B M Polytex Limited Listed₹178.2 Cr (FY 2025)••••••••-9.0%••••Petlad, Gujarat, India
Silvertech Fibers Private Limited₹178.07 Cr (FY 2025)••••••••10.0%••••Rajkot, Gujarat, India
Antique Evvolution Private Limited₹177.92 Cr (FY 2025)••••••••-10.0%••••Morbi, Gujarat, India
Maris Spinners Limited this company₹168.37 Cr (FY 2026)••••••••-0.4%••••Chennai, Tamil Nadu, India

Peers are the five companies nearest above and the five nearest below Maris Spinners by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Maris Spinners Limited

Maris Spinners Limited is audited by RAGHAVAN CHAUDHURI AND NARAYANAN for the financial year 2023.

NameStatusAppointment DateCessation Date
RAGHAVAN CHAUDHURI AND NARAYANANLockedLockedLocked
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Board of Directors of Maris Spinners Limited

Maris Spinners has 11 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
SwaminathanDirector21 Jun 20197 Years 3 MonthsCurrent
Parag Harkishon UdaniDirector30 May 20197 Years 4 MonthsCurrent
Ananthakumar DhamayanthiDirector30 May 20197 Years 4 MonthsCurrent
HarigovindWhole-Time Director01 Nov 20169 Years 11 MonthsCurrent
Adithya RaghuramanWhole-Time Director09 Jun 20215 Years 4 MonthsCurrent
Sethuraman KalyanaramanDirector30 May 20197 Years 4 MonthsCurrent
Showing 6 of 11 current directors. View all directors

Shareholding Pattern of Maris Spinners Limited

Shareholding for the quarter ended Mar 2026: promoters hold 74.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.60%.

Promoters: 74.40%Retail & Others: 25.60%
Mar 2026
QUARTER
74.40% Promoters
25.60% Retail & Others
Promoter holding - history
Now 74.40% · Mar 2026High 74.40% · Mar 2026Low 74.20% · Jun 2025
73%73.8%74.5%75.3%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 74.20%Sep 2025: 74.20%Dec 2025: 74.20%Mar 2026: 74.40%74.20%74.40%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters74.40%74.20%74.20%74.20%
Public25.60%25.80%25.80%25.80%

Charges & Borrowings of Maris Spinners Limited

Open charges
₹156.86 Cr
Satisfied charges
₹101.5 Cr
Breakdown by lending institutions
Indian Overseas Bank₹79.00 Cr
Others₹76.61 Cr
Industrial Development Bank of India₹1.00 Cr
The Catholic Syrian Bank Ltd₹0.25 Cr
Latest charge details
DateLenderAmountStatus
30 Mar 2026Others₹7 CrOpen
30 Nov 2023Others₹15 CrOpen
25 Sep 2020Others₹3.84 CrOpen
03 Mar 2014Others₹50.77 CrOpen
21 Jan 2006Indian Overseas Bank₹79 CrOpen

Total charge records: 37 View all charges

Deals & Funding of Maris Spinners Limited

Maris Spinners Limited has 9 deals on record (9 market trades); the latest was in August 2026.

Total deals
9
Market trades
9

Deals on record (5 of 9)

WhenDealAmountParties
Aug 2026Market trade₹23.7 LakhBuyer: an individual
Seller: an individual
Aug 2023Market trade₹21.4 LakhSeller: an individual
Jul 2021Market trade₹58.1 LakhBuyer: an individual
Seller: Achintya Securities Limited
Jul 2021Market trade₹83 LakhBuyer: Achintya Securities Limited
Seller: Icici Bank Limited
Jul 2021Market trade₹22.1 LakhSeller: Icici Bank Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Maris Spinners Limited

Maris Spinners operates one associated brand: Maris Spinners. Each brand links to its own profile.

BrandDescriptionWebsite
Textile yarns are manufactured by Maris Spinners in India.maris.co.in

Employees and EPFO Compliance at Maris Spinners Limited

Maris Spinners Limited has a workforce of 351 employees as of Apr 06, 2024.

Employee count
351
Active EPFO establishments
3
Employee growth
1.15%
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Employee and EPFO history

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Recent Activity on Maris Spinners Limited

Maris Spinners Limited has 25 board changes on record since 1995: 12 appointments and 13 cessations. The latest: Ramalingam Thangamariappan was appointed as Additional Director on 01 Aug 2025.

Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101279090 was registered on 30 Mar 2026.
AGM
Maris Spinners Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Appointed
Ramalingam Thangamariappan was appointed as Additional Director.
Appointed
Ramasamy Sethuraman Ganappathi was appointed as Additional Director.
Appointed
Viswanathan Sumathi was appointed as Additional Director.
Filing
Maris Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others of Rs. 50.77 Cr registered on 03 Mar 2014 with Charge ID 10509398 was modified on 29 Jan 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100838361 was registered on 30 Nov 2023.
Charges
A charge with Indian Overseas Bank of Rs. 79.00 Cr registered on 21 Jan 2006 with Charge ID 90291059 was modified on 28 Jul 2022.
Charges
A charge with Others of Rs. 3.84 Cr registered on 25 Sep 2020 with Charge ID 100386043 was modified on 18 Mar 2022.
Ceased
Adithya Raghuraman ceased to be Additional Director.
Appointed
Adithya Raghuraman was appointed as Whole-Time Director.

97 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Maris Spinners Limited

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MSME Payment Delays by Maris Spinners Limited

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Subsidiaries & Group Companies of Maris Spinners Limited

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GST Compliance of Maris Spinners Limited

Maris Spinners has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
33AAACM9874F1ZBTamil NaduActive01 Jul 2017
29AAACM9874F1Z0KarnatakaActive01 Jul 2017
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MCA Filings & Documents of Maris Spinners Limited

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Frequently Asked Questions about Maris Spinners Limited

Maris Spinners is an active public limited company based in Chennai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 September 1979 (47+ years old) and is registered under CIN L93090TN1979PLC032618. Listed on BSE: 531503.

Maris Spinners reported revenue of ₹168.37 Cr for FY 2025-26 (down 0.4% YoY) based on standalone financials.

Maris Spinners has 11 current directors:

The GSTIN of Maris Spinners is 33AAACM9874F1ZB, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACM9874F1Z0 (Karnataka).

The CIN (Corporate Identification Number) of Maris Spinners is L93090TN1979PLC032618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Maris Spinners is listed on BSE with code 531503.

Maris Spinners has 79 court cases on record: 43 filed by the company and 28 filed against it. 12 are pending. Most are in the high courts.

Maris Spinners was incorporated on 18 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Chennai.

Maris Spinners has 9 deals on record (9 market trades); the latest was in August 2026.

The peers of Maris Spinners by revenue are Ycd Industries Limited, Kamakshi Jute Industries Limited, Windeson Trademart Private Limited, Radhalaxmi Spintex Private Limited, Hardik Textiles Private Limited and 5 more, all in the Manufacturing industry (Textiles).

Ramalingam Thangamariappan was appointed as Additional Director on 01 Aug 2025. Ramasamy Sethuraman Ganappathi was appointed as Additional Director on 01 Aug 2025. Viswanathan Sumathi was appointed as Additional Director on 01 Aug 2025. Maris Spinners has 25 board changes on record in total.

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