Maruti Interior Products Ltd (SPITZE)

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Maruti Interior Products Ltd (SPITZE) · mywealthgrid

About

Maruti Interior Products operates in housewares, a segment of consumer durables, with a market cap of ₹198.29 Cr listed on BSE. The stock has collapsed dramatically—from ₹249 to ₹32.83 over the past year (−69.94%)—indicating severe operational or market challenges. Recent results (2026-08-14) and a material promoter shareholding dilution of 8.27 percentage points in three months (74.99% → 66.72%) suggest urgent underlying pressures.

Face value: ₹10

Market cap

₹236 Cr

P/E

65.6×

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

13.2%

EPS (TTM)

₹0.6

Book value

—

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Stock down 69.94% in 1 year (₹249 → ₹32.83): verify profitability, margins, and cash-flow generation from recent results (2026-08-14) to assess underlying business health
Profitability metrics unavailable (PE, ROE, OPM all n/a): confirm whether company is currently profitable or operating at a loss
Promoter shareholding diluted 8.27 percentage points in 3 months (74.99% → 66.72%): verify whether dilution represents a capital raise for operations or reflects exit pressure
Zero FII holding and small market cap (₹198.29 Cr): assess institutional confidence in housewares and secondary-market liquidity

Generated analysis · source review pending

Growth drivers

Low debt (D/E 0.22) provides financial flexibility for operational turnaround or investment if profitability stabilises; verify recovery trajectory from recent results (2026-08-14)
Houseware category benefits from premiumisation and organised retail adoption in India; verify company's market share, product positioning, and distribution to assess if positioned to benefit
Promoter shareholding diluted 8.27pp in 3 months: verify whether dilution funded a capital raise and its intended use for operational or growth initiatives

Generated analysis · source review pending

1,039 historical price candles were omitted because the exchange source has not been verified.

₹39.0+2.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 66.7% with no pledge

Cons

−Profit declined 6% a year over the last 3 years
−Expensive at 65.6× trailing earnings
−Promoter holding fell 8.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

19/100

Business quality: 33
Growth: 21
Valuation: 3

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Standalone figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	28	39	38	44	52
COGS	17	25	24	27	36
Gross profit	11	14	14	17	16
	6	8	8	9	9
Operating profit (EBITDA)	5	6	6	8	7
OPM %	17%	16.1%	15.1%	19%	13.2%
Depreciation	0	1	1	1	2
Interest	0	0	0	1	1
	0	0	0	0	1
Profit before tax	4	6	5	7	5
Tax	1	1	1	2	1
Tax %	27.4%	24.5%	26.1%	26.2%	26.4%
	3	4	3	5	4
PAT margin %	10.7%	11.1%	9.1%	11%	6.9%
EPS (₹)	5.2	5.7	2.3	3.2	2.4
EPS adjusted (₹)	—	2.9	2.3	3.2	—
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	8	15	15	—
Reserves	—	20	16	21	—
	—	3	6	8	—
	30	5	4	6	71
Total equity & liabilities	30	35	41	50	71
	—	0	0	0	24
CWIP	—	6	2	0	—
Investments	0	0	0	2	23
	30	29	38	48	25
Total assets	30	35	41	50	71

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	3	4	3	5
	-4	-4	-10	-5	-23
	10	1	2	1	18
Net cash flow	4	-0	-3	0	0
Free cash flow	-6	-1	-6	1	3
CFO / Operating profit %	-34.3%	40.6%	64.4%	41.4%	72.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

No ratio history

Ratios derive from annual statements, which haven't been ingested yet.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Mar 2025	Sep 2025	Mar 2026	Jun 2026
	74.78%	74.98%	74.99%	74.99%	66.72%
FII	0%	0%	0%	0%	0%
	0%	0%	0%	4.17%	5.4%
Government	0%	0%	0%	0%	0%
	25.22%	25.02%	25.01%	20.84%	27.88%
No. of shareholders	884	863	851	695	967

Promoter holding down 8.06 percentage points since Sep 2024.

Mr. NIPUN MAHENDRABHAI DOSHINon-Executive - Independent Director-Chairperson
Mr. PARESH PURUSHOTAM LUNAGARIAExecutive Director
Mr. PURSHOTAM RUDABHAI LUNAGARIAExecutive Director
Mrs. PARUL PARESH LUNAGARIANon-Executive - Non Independent Director
Mr. NIRBHAY PARESH LUNAGARIAExecutive Director
Mr. NIRMAL PARESH LUNAGARIAExecutive Director
Mr. SHASHIKANT DEVJIBHAI PATELNon-Executive - Independent Director
Mr. KUNAL JITENDRA PATELNon-Executive - Independent Director
Kaushikkumar Rajubhai KalasariyaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Maruti Interior Products Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Board meeting to consider results8 Sept 2026
Board meeting to consider results14 Aug 2026

1

Bonus 1:127 Oct 2023 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

1 Oct 2026, 1:59 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

1 Oct 2026, 1:44 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 6:17 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 8:51 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

8 Sept 2026, 6:19 pmResult

Financial Results Of The Company For The Quarter Ended On 30Th June, 2026

Financial Results PDF

7 Sept 2026, 8:34 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 8:29 pmAGM/EGM

29Th Annual General Meeting (AGM) Of The Members Of The Company To Be Held On Tuesday, September 29, 2026 At 02:00 PM IST At Plot No. 13, Survey No. 236, Jay Krishna Ind Estate, Veraval, Tal. Kotda Sangani, Veraval (Shapar) - 360024, Gujarat, India

AGM PDF

1 Sept 2026, 6:14 pmBoard Meeting

Board Meeting Intimation for Considering The Standalone And Consolidated Audited Financial Result Of The Company For The Quarter Ended On 30Th June, 2026

Exchange filing PDF

Date	Category	Subject	Filing
1 Oct 2026, 1:59 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
1 Oct 2026, 1:44 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Cello World LimitedCELLOCELLO	₹7,137 Cr	₹7,172 Cr	₹2,321 Cr	₹461 Cr	20.3%	₹324 Cr	14.3%	17.4%	13.6%	238
Hawkins Cookers LimitedHAWKINCOOKHAWKINCOOK	₹4,254 Cr	—	₹1,253 Cr	₹181 Cr	14.4%	₹131 Cr	10.5%	—	—	—
Borosil LimitedBOROLTDBOROLTD	₹3,351 Cr	₹3,488 Cr	₹1,217 Cr	₹166 Cr	14.1%	₹70 Cr	6.2%	11.8%	8.8%	259
All Time Plastics LimitedALLTIMEALLTIME	₹1,232 Cr	₹1,312 Cr	₹614 Cr	₹85 Cr	14.7%	₹34 Cr	5.8%	9.7%	5.8%	82
Maharaja & Speedex India LtdSPEEDEXSPEEDEX	₹420 Cr	—	₹94 Cr	₹11 Cr	11.4%	₹6 Cr	6%	—	—	—
Maruti Interior Products LtdSPITZESPITZE	₹236 Cr	—	₹52 Cr	₹7 Cr	13.2%	₹4 Cr	6.9%	—	—	—
Inflame Appliances LtdINFLAMEINFLAME	₹172 Cr	—	₹152 Cr	₹19 Cr	12.5%	₹6 Cr	3.8%	—	—	—
Riddhi Display Equipments LtdRDELRDEL	₹25 Cr	—	₹29 Cr	₹8 Cr	26.5%	₹4 Cr	14.6%	—	—	—
Gorani Industries LtdGORANINGORANIN	₹22 Cr	₹36 Cr	₹43 Cr	₹2 Cr	5.4%	₹1 Cr	1.7%	14.6%	4.6%	274

Maruti Interior Products Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Ratios

No ratio history

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

1

Announcements

No ratio history

Not in the F&O segment

2

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Maruti Interior Products Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

No ratio history

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings2

Bonus issues1

Announcements

No ratio history

Quarterly record

Board and management

Not in the F&O segment

Board meetings2

Bonus issues1

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

1

2

1