Super Spinning Mills Ltd (SUPERSPIN)
🎯 Key Takeaways
- Super Spinning Mills Ltd is in a strategic transition phase, shifting focus from its loss-making textile manufacturing segment to rental services, as evidenced by management commentary and shareholder approval of financial statements at the 64th AGM. The company has undergone leadership continuity with the reappointment of Sanjay Krishna Ramamurthi, but operational challenges persist with declining revenue and persistent losses in core operations.
- Revenue declined 8.5% QoQ to ₹2 in Q1FY27.
- ⚠️ Persistent losses in the textile segment despite strategic exit plans pose ongoing operational and financial risks.
📖 The Story
Super Spinning Mills Ltd is in a strategic transition phase, shifting focus from its loss-making textile manufacturing segment to rental services, as evidenced by management commentary and shareholder approval of financial statements at the 64th AGM. The company has undergone leadership continuity with the reappointment of Sanjay Krishna Ramamurthi, but operational challenges persist with declining revenue and persistent losses in core operations. Despite stable promoter holding, the business remains financially fragile, marked by negative ROE and ROCE, reflecting weak profitability and capital efficiency.
📰 What's Happening
The company conducted its 64th AGM on 28 August 2026 via video conference, where shareholders unanimously approved the adoption of audited financial statements for FY2025-26 and reappointed Sanjay Krishna Ramamurthi as director with 100% voting support. This governance outcome underscores shareholder confidence in management continuity. Earlier, on 28 August 2026, the board approved unaudited Q1 FY26 results showing revenue of ₹149.51 crores, down from ₹164.02 crores in Q4 FY26, with net loss narrowing to ₹5.83 lakhs from a prior profit of ₹2.03 lakhs. Management cited ongoing textile segment losses and a strategic shift toward rental services as key drivers of performance.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 |
| Operating Profit | 1 | 1 | -1 | 1 |
| OPM % | 52.2% | 52.5% | -52.4% | 49.3% |
| Net Profit | 0 | 1 | -7 | 1 |
| EPS | ₹0.05 | ₹0.20 | ₹-1.29 | ₹0.10 |
Revenue has declined sequentially from ₹164.02 crores in Q4 FY26 to ₹149.51 crores in Q1 FY26, with operating performance turning volatile, swinging from a profit of ₹1 crore in December 2025 to a loss of ₹7 lakhs in March 2026. Despite marginal improvements in operating margin (OPM) in earlier quarters, the current operating loss and narrowing net loss indicate that the transition to rental services is not yet yielding sustainable profitability. The company’s financial trajectory reflects a deliberate but incomplete pivot, with operational stability yet to be restored.
🔮 Management Outlook & What's Next
There is no explicit forward guidance provided in the latest filings regarding revenue recovery, margin improvement, or timeline for profitability. Management has not articulated a clear roadmap for exiting textile losses or scaling rental operations. The absence of strategic commentary on future performance suggests limited visibility into near-term recovery, leaving investors reliant on operational updates in subsequent quarters.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2016 |
|---|---|
| Equity Capital | 6 |
| Reserves | 45 |
| Borrowings | 97 |
| Total Liabilities | 226 |
| Fixed Assets | 74 |
| Investments | 13 |
| Total Assets | 226 |
The balance sheet as of March 2016 shows high leverage with total borrowings of ₹97 crores against equity of ₹6 crores and reserves of ₹45 crores, resulting in a debt-to-equity ratio of 1.92. This suggests a capital structure heavily reliant on debt, which may constrain financial flexibility. However, recent cash flow data from March 2016 indicates net negative financing activity of ₹34 crores, implying possible debt repayments or capital returns, though the age of this data limits current relevance.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2016 |
|---|---|
| Operating | +2 |
| Investing | +32 |
| Financing | -34 |
| Net Cash Flow | -1 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 42.8% | 42.8% | 42.8% | 43.5% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 49.4% | 48.4% | 48.8% | 48.4% |
| # Shareholders | 16,468 | 16,188 | 16,104 | 16,144 |
Promoter holding has slightly increased from 42.8% in Q4 FY26 to 43.46% in Q1 FY27, while institutional and domestic investor participation remains negligible with FII and DII holdings at 0%. The growing number of retail shareholders (16,144 in Q1 FY27) suggests expanding retail interest, but the lack of institutional activity may reflect limited confidence among large investors. No promoter pledging or significant dilution is evident, indicating stable ownership structure.
⚖️ Peer Comparison — Miscellaneous
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| GMRAIRPORT | 1.04 L Cr | 213.3 | 12.1% | -23.5% | -13.08 |
| NBCC | 22,424 | 30.3 | 41.3% | 30.9% | 0.00 |
| CMPDI | 15,365 | 27.8 | 32.4% | 24.2% | 0.00 |
| HORIZONIND | 13,632 | — | — | — | 1.22 |
| IGIL | 13,578 | 22.3 | 56.1% | 41.0% | 0.00 |
| RITES | 10,049 | 24.1 | 23.1% | 17.2% | 0.00 |
| RAIN | 7,257 | 13.5 | 12.0% | 8.9% | 1.21 |
| INOXGREEN | 7,157 | 57.3 | 9.4% | 6.7% | 0.10 |
| SIS | 5,935 | 40.5 | 8.0% | 5.8% | 0.56 |
| THOMASCOOK | 5,111 | 22.5 | 15.8% | 9.2% | 0.10 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent losses in the textile segment despite strategic exit plans pose ongoing operational and financial risks. 2. High historical leverage (D/E of 1.92) may limit the company’s ability to raise capital or absorb losses. 3. Minimal institutional interest could reduce liquidity and market depth. 4. Lack of forward guidance or clear turnaround milestones creates uncertainty around recovery timing.
📋 Recent Filings
-
🔴 Insider Trading 10 September 2026Super Spinning Mills disclosed that promoter group entity Super Sara Textiles acquired 301,276 shares at ₹0.55 per share, increasing its total holding...
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🟡 voting results 29 August 2026Super Spinning Mills reported unanimous approval of two ordinary resolutions at its 64th AGM held on 28 August 2026 via video conference. Shareholders...
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🟡 Board Meeting 28 August 2026Super Spinning Mills held its 64th AGM on 28 August 2026 via video conference, with all directors and key personnel present. Shareholders cast e-votes...
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🟡 Board Meeting 28 August 2026Super Spinning Mills held its 64th Annual General Meeting on 28 August 2026 via video conference, with all directors and key personnel present. Shareh...
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🟡 Board Meeting 6 August 2026Super Spinning Mills reported unaudited Q1 FY26 results showing revenue of **₹149.51 crores**, down from **₹164.02 crores** in Q4 FY26, with a net los...
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share transfer 3 July 2026Super Spinning Mills disclosed that its registrar and share transfer agent, MUFG Intime India, confirmed dematerialized securities for the quarter end...
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Financial Results 26 June 2026Super Spinning Mills announced that its trading window will close on July 1, 2026, until 48 hours after the quarterly results for June 30, 2026 are di...
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🔴 Announcement 3 June 2026No summary available
🧠 Analyst's Read
Super Spinning Mills is navigating a fragile transition from textiles to rentals, with modest shareholder support but no clear path to profitability. Investors should monitor quarterly operational updates for signs of revenue stabilization or margin improvement in the rental segment, as current losses and weak financial metrics suggest the turnaround remains incomplete and execution risk remains high.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-13.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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