Super Spinning Mills Ltd. (SUPERSPIN) — Tipsheet

Super Spinning Mills posts ₹580 lakh annual loss; ₹8,324 lakh dispute unresolved

Tipsheet Editorial — Tue, 26 May 2026 17:21:12 GMT

The formal annual filing confirms a full-year net loss and a large, unprovided electricity arrear.

What’s new

Audited FY26 results show a net loss of ₹580.20 lakhs for the full year.
Q4 loss was ₹713.39 lakhs, driven by higher depreciation and discontinued operations.
A disputed electricity arrear of ₹8,324.06 lakhs from SPDCL remains unprovided for.

Why it matters

The core numbers were already disclosed; this is a periodic filing. The material detail is the ₹8,324.06 lakh electricity dispute, which dwarfs the operating loss and remains an unprovided balance-sheet risk.

What we’re watching

Resolution status of the ₹8,324.06 lakhs SPDCL electricity arrear.
Any future provision for the disputed amount.
Trend in depreciation and discontinued operations losses.

The full read

Super Spinning Mills' annual results for FY26 are a formality. The ₹580.20 lakh net loss and ₹713.39 lakh Q4 loss were already known. What this filing clarifies is the size of the unresolved problem: an electricity arrear of ₹8,324.06 lakhs from SPDCL, which the company has not provisioned for. That dispute is many multiples larger than the annual operating loss. The core business is unprofitable, but the balance-sheet risk is concentrated in a single, contested regulatory claim. The filing moves the timeline forward without changing the fundamentals.

Primary source: BSE · NSE

Super Spinning's loss narrows, but an ₹83 cr power bill dwarfs its rent roll

Tipsheet Editorial — Tue, 26 May 2026 17:12:25 GMT

Net loss fell to ₹5.80 crore as textiles exit continues. A disputed electricity claim of ₹83.24 crore is nearly 13x annual rental income.

What’s new

FY26 net loss narrowed to ₹5.80 crore from ₹16.41 crore a year earlier.
Rental revenue from continuing operations was flat at ₹6.31 crore.
SPDCL claims ₹83.24 cr in electricity arrears; Super Spinning made no new provision beyond last year's ₹8.52 cr.

Why it matters

The company is shrinking into a landlord model, but its entire annual rent roll is dwarfed by a single utility dispute. The claimed amount of ₹83.24 crore is more than double the company's ₹33 crore market cap. Management's refusal to increase the provision signals it intends to fight.

What we’re watching

Whether SPDCL pursues legal enforcement or negotiates the claim down.
If the provision for the dispute changes in subsequent quarters.
The pace and cost of the final textile business wind-down.

The full read

Super Spinning Mills' annual loss narrowed to ₹5.80 crore from ₹16.41 crore. Revenue from the remaining rental business was flat at ₹6.31 crore. The balance-sheet risk is a power bill. SPDCL claims ₹83.24 crore in electricity arrears. Management says only ₹19.08 crore is due. It made no new provision beyond last year's ₹8.52 crore. For a nano-cap with a ₹33 crore market value, this is the defining liability. The textiles exit is playing out as planned. The electricity fight is the new one. A single dispute now overshadows the entire business.

Primary source: BSE · NSE

Super Spinning's annual loss narrows. But an ₹83 cr power bill dispute looms.

Tipsheet Editorial — Tue, 26 May 2026 16:57:59 GMT

The net loss fell to ₹5.80 cr as the textiles exit continues. A utility claim now dwarfs the company's revenue and market cap.

What’s new

Full-year net loss narrowed to ₹5.80 cr from ₹16.41 cr a year ago.
SPDCL has claimed ₹83.24 cr in electricity arrears; Super Spinning says only ₹19.08 cr is owed.
No new provision was made for the dispute, versus ₹8.52 cr set aside last year.

Why it matters

The company is a tiny rental business with ₹6.31 cr in annual revenue. It is now fighting an unprovisioned utility claim of ₹83.24 cr. The dispute is the dominant risk, not the operational performance.

What we’re watching

Whether SPDCL escalates legally, forcing a provision that could exceed the company's net worth.
The pace of cash burn from discontinued operations, which drove the Q4 loss.
Any change in management's ₹19.08 cr estimate for the arrears.

The full read

Super Spinning Mills is shrinking. Its full-year net loss narrowed to ₹5.80 cr from ₹16.41 cr as the textile business is wound down. Revenue is now just ₹6.31 cr from rental services. A tiny operation. Then there's the power bill. SPDCL claims the company owes ₹83.24 cr in electricity arrears. Super Spinning says the real number is ₹19.08 cr and made no fresh provision. For a company of this size, the disputed claim is the defining feature of the balance sheet. The choice not to provision more is a bet management can win. It's a binary risk.

Primary source: BSE · NSE