Why is an electricity dispute so important for Super Spinning?

The claimed ₹83.24 cr arrears from SPDCL are more than 13 times the company's annual rental revenue of ₹6.31 cr. An adverse ruling could force a provision that fundamentally changes the balance sheet.

What is the company's position on the claim?

Super Spinning estimates only ₹19.08 cr is payable and has not increased its provision from last year's ₹8.52 cr. The filing provides no further detail on why it believes the claim is overstated.

How is the business performing outside the dispute?

The company is exiting textiles. Revenue is now just ₹6.31 cr from rental services, which was stable year-on-year. The core operational story is one of managed decline.

What caused the Q4 loss to be larger than the full-year loss?

The Q4 net loss was ₹7.13 cr, driven by accelerated depreciation and losses from discontinued operations. These one-off charges pushed the quarterly loss above the full-year figure of ₹5.80 cr.

Earnings · Textile - Spinning · Micro cap

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

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.

— 2 earlier stories on Super Spinning Mills Ltd. →

SUPERSPIN By Tipsheet Editorial 26 May 2026 · 4:57 PM IST Verify on BSE · NSE

Mkt cap₹30.03 cr

P/E73.98×

ROE0.00%

Debt / eq.0.34

₹83.24 cr Electricity arrears claimed by SPDCL, which Super Spinning disputes.

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 this 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.

Questions answered

Why is an electricity dispute so important for Super Spinning?: The claimed ₹83.24 cr arrears from SPDCL are more than 13 times the company's annual rental revenue of ₹6.31 cr. An adverse ruling could force a provision that fundamentally changes the balance sheet.
What is the company's position on the claim?: Super Spinning estimates only ₹19.08 cr is payable and has not increased its provision from last year's ₹8.52 cr. The filing provides no further detail on why it believes the claim is overstated.
How is the business performing outside the dispute?: The company is exiting textiles. Revenue is now just ₹6.31 cr from rental services, which was stable year-on-year. The core operational story is one of managed decline.
What caused the Q4 loss to be larger than the full-year loss?: The Q4 net loss was ₹7.13 cr, driven by accelerated depreciation and losses from discontinued operations. These one-off charges pushed the quarterly loss above the full-year figure of ₹5.80 cr.

Mentioned: Super Spinning Mills Ltd. · SPDCL · ₹83.24 cr electricity arrears

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Super Spinning Mills Ltd.

Textiles

₹31 cr

P/E 75.18×

Latest quarter · Mar 2026

Sales₹2 cr

Net profit−₹7 cr

Op. margin+50.3%

EPS−₹0.29

Strength & growth

Debt / equity2.21×

Current ratio0.74×

Sales CAGR−33.0%

Story so far

All notes on SUPERSPIN →

26 May 2026 · 4:57 PM IST Super Spinning's annual loss narrows. But an ₹83 cr power bill dispute looms.
41d ago Super Spinning Mills posts ₹580 lakh annual loss; ₹8,324 lakh dispute unresolved
41d ago Super Spinning's loss narrows, but an ₹83 cr power bill dwarfs its rent roll