Super Spinning Mills Limited Stock Research

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Super Spinning Mills Limited Detail

Super Spinning Mills Limited is in portfolio of Nemish Shah. He is one of the top investors in India. The company belongs to Textile sector. 

As per the Company website it manufactures grey, gassed, mercerised and dyed cotton yarn. It also manufactures wide range of specialty yarns like Modal Yarn / Micro Modal Yarn / Tencel Yarn / Micro Tencel yarn (Ne) – 30s to 100s, and Cotton Blended yarns with Modal / Micro Modal / Tencel / Micro Tencel.

The Company is localized in Andhra Pradesh with all manufacturing unit present in Andhra Pradesh. The corporate office of Company is present in Coimbatore.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Super Spinning Mills Limited Stock Performance

I would categorize this Stock as wealth destructor. It has not made money for investors in long run. If you entry point is wrong then this stock has effectively eroded your money.

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Most of the time the stock has traded below 10 INR mark. It breached this price point from year 2005 to 2008 but after global crisis it had difficulty breaching that price point. It touched 20 mar briefly in year 2011 and in year 2018.

If you are interested in this stock then it is worth taking the risk below 5 INR price point as any price above that may be risky. You may get negative return as well.

Super Spinning Mills Limited My Opinion

Super Spinning Mills Limited is a Textile sector Company. It manufactures 100% cotton yarn and specialized Yarn. All of the factories are located in Andhra Pradesh.

I have not seen any special reason for this stock to be picked by ace investor. It looked like any other small textile players trying to create profit from same generic business.

I am not invested in this sector even though it is one of the evergreen sectors as demand for cloths will be present. People will continue to wear cloths and sector as thus is evergreen. If you are interested in this Sector then there are better Companies to play with.

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I would recommend exploring the sector before making your decision. You can also read my reviews of many textiles Companies on this site. Most of the ace investors have textile Companies present in their portfolio.

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