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Maris Spinners Ltd Textiles
(%)
  • NSE
  • BSE

Overview

  • BSE Code 531503
  • NSE Symbol
  • ISIN Demat INE866D01010
  • Book Value (₹) 24.57
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 32.77
  • P/E (TTM) 0.00
  • EPS (TTM) 0.00
  • Div Yield (%) 0.00

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About Maris Spinners Ltd

Maris Spinners was formally created and deployed as a legal entity as a private limited company on 18 Sep.'79. It became a deemed public company in Jul.'94. It was promoted by M Thangavelu, M Rengaswamy and their associates.

The company manufactures 100% cotton carded yarn of counts 30s and 40s for weaving, knitting and handlooms. Its spinning unit is located in the Mysore district of Karnataka. Commercial production commenced in Mar.'81. with an installed capacity of 11,856 spindles. Since the commencement of commercial production, it has carried out regular expansion and modernisation programmes to increase the capacity to 38784 spindles.

In 1994, the company created and deployed two wind turbine generators (WTGs) at Muppandal, Tamilnadu. In Mar.'95, it installed three more WTGs. The company came out with a public issue in Dec.'95 to part-finance is modernisation programme and also to created and deployed a second spinning unit at Manaparai, Tamilnadu, with a capacity of 14,112 spindles, which will take the total spinning capacity to 38,784 spindles.

Founded: 1979
Managing Director: T Raghuraman
Address: 11 Cathedral Road, Chennai, Tamil Nadu, 600086,