GEMSPIN
Gem Spinners India financials
- Market cap
- ₹30 Cr
- Sector
- Textiles
What Gem Spinners India Ltd does
Gem Spinners India Ltd manufactures and exports cotton yarn and grey fabrics, and also trades in the same commodity, with trading treated as a reporting segment. Its registered office and mills are located together at a single site in Kancheepuram District, Tamil Nadu. The company has suspended its manufacturing operations due to market volatility, and its directors are exploring the possibility of recommencing production subject to viability.
Segments
- Manufacturing & export of cotton yarn and grey fabrics
- Trading in cotton yarn/grey fabrics
- Manufacturing/mill sites
- 1 (Mangalam Village, Madhuranthagam Taluk, Kancheepuram District, Tamil Nadu)
- Manufacturing operation status
- Suspended (as of FY25)
Quarterly results
Q1 FY27: net profit up 14.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -0 | -0 | -0 | -0 +17% | -0 +50% | -0 +64% | -0 +20% |
| Net profit | -0 | -0 | -0 | -0 | -0 +10% | -0 +36% | -0 +50% | -0 +14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −30.0% 1Y
1Y: ₹6.86 on 28 Aug 2025 → ₹4.8. High ₹6.86 (28 Aug 2025), low ₹4.19 (5 Feb 2026).
Financials, as filed
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹-0 Cr | ₹-1 Cr | ₹-0 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-1 Cr | ₹-1 Cr | ₹-0 Cr |
| Cash from operations | ₹-0 Cr | ₹-2 Cr | ₹-0 Cr |
| Free cash flow | ₹-0 Cr | ₹-2 Cr | ₹-0 Cr |
| ROCE | -9.6% | -9.9% | -6.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹-30 Cr | ₹-31 Cr | ₹-32 Cr | ₹-32 Cr | ₹-33 Cr | ₹-33 Cr |
| Borrowings | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹8 Cr | ₹0 Cr | ₹9 Cr |
| Other liabilities | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹0 Cr | ₹9 Cr | ₹0 Cr |
| Total liabilities | ₹8 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Fixed assets | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Total assets | ₹8 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025.
- Promoters
- 72.9%
- DIIs
- 8.0%
- Public
- 19.1%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Dec '23: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Mar '24: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Jun '24: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Sep '24: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Dec '24: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Mar '25: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Jun '25: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Sep '25: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Dec '25: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Mar '26: Promoters 72.9%, DIIs 8.0%, Public 19.1%.Jun '26: Promoters 72.9%, DIIs 8.0%, Public 19.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- R Veeramani - 2 +24.33 pp 24.38% held
- S R Asaithambi newly disclosed 16.58% held
- S R Kumar newly disclosed 15.88% held
- R Sekar newly disclosed 15.88% held
- Seethalakshmi Asaithambi newly disclosed 0.05% held
- Smt Vedavalli Kumar newly disclosed 0.05% held
- Smt Rajiveeramani newly disclosed 0.05% held
The same filing shows 0 holders trimming and 6 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gem Spinners India Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| R Veeramani - 2 | 24.38% | +24.33 pp |
| S R Asaithambi | 16.58% | newly disclosed |
| S R Kumar | 15.88% | newly disclosed |
| R Sekar | 15.88% | newly disclosed |
| ICICI Bank Ltd Bank | 8.02% | unchanged |
| Karthick Salem Arumugam | 2.96% | unchanged |
| K E Kesavan | 2.84% | unchanged |
| Seethalakshmi Asaithambi | 0.05% | newly disclosed |
| Smt Vedavalli Kumar | 0.05% | newly disclosed |
| Smt Rajiveeramani | 0.05% | newly disclosed |
| Mr.R.Veeramani | — | off the list |
| Mr.S.R.Asaithambi | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Gem Spinners India Ltd
Guides on how to read this kind of business and the numbers that matter.