Maris Spinners Limited (MARIS.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-370.2%

-₹107.77

vs ₹39.88 price

Levered DCF

₹44.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-13.81×	-17.88×	-3.14×	-2.48×	5.58×	3.2×	-2.54×	15.93×
P/B	1.1×	1.13×	1.34×	0.9×	2.05×	0.79×	0.26×	1.58×
P/S	0.12×	0.13×	0.17×	0.18×	0.51×	0.2×	0.04×	0.29×
EV / EBITDA	12.7×	6.8×	82.66×	-17.61×	4.03×	3.78×	5.94×	7.07×
Gross margin	20.5%	35.0%	25.2%	-4.0%	19.9%	14.9%	3.4%	7.6%
Operating margin	0.1%	27.5%	18.0%	-9.2%	15.0%	10.4%	-1.0%	3.1%
Net margin	-0.9%	-0.7%	-5.5%	-7.4%	9.1%	6.4%	-1.8%	1.8%
Current ratio	0.75×	0.82×	0.79×	0.82×	1.34×	1.15×	0.95×	1×
Debt / equity	3.61×	3.97×	3.82×	2.11×	0.92×	1.61×	1.58×	1.66×
Interest coverage	0.02×	5×	3.41×	-2.45×	6.77×	2.49×	-0.26×	0.83×
Dividend yield	0.0%	0.0%	0.0%	2.9%	0.9%	0.0%	17.7%	2.5%
Payout ratio	0.0%	0.0%	0.0%	-7.3%	5.1%	0.0%	-45.0%	40.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-8.0%	-6.3%	-42.8%	-36.3%	36.8%	24.8%	-10.4%	9.9%
Return on invested capital	0.1%	36.1%	20.1%	-10.0%	23.3%	11.2%	-1.6%	6.0%
Return on assets	-1.2%	-1.0%	-6.8%	-8.4%	13.0%	7.7%	-3.0%	2.6%
Free cash flow yield	55.4%	62.7%	-9.6%	-100.7%	55.1%	-56.1%	148.0%	-11.0%
Earnings yield	-7.2%	-5.6%	-31.8%	-40.3%	17.9%	31.3%	-39.4%	6.3%
Enterprise value	₹835.9M	₹1B	₹1.1B	₹899.9M	₹1.2B	₹650.3M	₹374.8M	₹769.9M
Net debt / EBITDA	9.62×	5.29×	61.05×	-12.34×	1.24×	2.52×	5.07×	3.61×
Cash conversion cycle (days)	23	50	37	29	80	169	82	102