Springform Technology Ltd
Incorporated in 1999, Springform Technology Ltd is in the business of providing IT Solutions and Services[1]
- Market Cap ₹ 0.06 Cr.
- Current Price ₹ 11.0
- High / Low ₹ /
- Stock P/E
- Book Value ₹ -0.23
- Dividend Yield 0.00 %
- ROCE -181 %
- ROE -202 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 119 to 26.1 days.
- Promoter holding has increased by 4.61% over last quarter.
- Company's working capital requirements have reduced from 123 days to 52.1 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -27.5% over past five years.
- Company has a low return on equity of -32.6% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.09 | 0.20 | 0.34 | 0.29 | 0.56 | 0.71 | 0.70 | 0.58 | 0.71 | 0.96 | 0.56 | 0.14 | 0.00 | |
| 0.08 | 0.19 | 0.29 | 0.21 | 0.43 | 0.54 | 0.50 | 0.38 | 0.42 | 0.58 | 0.46 | 1.09 | 0.50 | |
| Operating Profit | 0.01 | 0.01 | 0.05 | 0.08 | 0.13 | 0.17 | 0.20 | 0.20 | 0.29 | 0.38 | 0.10 | -0.95 | -0.50 |
| OPM % | 11.11% | 5.00% | 14.71% | 27.59% | 23.21% | 23.94% | 28.57% | 34.48% | 40.85% | 39.58% | 17.86% | -678.57% | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.04 | 0.05 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.05 | 0.00 | 0.05 |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.04 | 0.05 | 0.08 | 0.11 | 0.11 | 0.08 | 0.07 | 0.05 | 0.01 | 0.00 |
| Profit before tax | 0.01 | 0.01 | 0.04 | 0.04 | 0.08 | 0.09 | 0.09 | 0.09 | 0.20 | 0.29 | 0.00 | -1.00 | -0.50 |
| Tax % | 0.00% | 0.00% | 25.00% | 25.00% | 12.50% | 55.56% | 33.33% | 22.22% | 25.00% | 27.59% | 0.00% | ||
| 0.00 | 0.01 | 0.03 | 0.03 | 0.06 | 0.05 | 0.07 | 0.07 | 0.15 | 0.21 | 0.00 | -1.01 | -0.49 | |
| EPS in Rs | |||||||||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -28% |
| 3 Years: | -42% |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -15% |
| 3 Years: | -33% |
| Last Year: | -202% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Reserves | 0.26 | 0.27 | 0.30 | 0.33 | 0.38 | 0.44 | 0.51 | 0.57 | 0.72 | 0.93 | 0.93 | -0.07 | -0.28 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.10 | 0.40 | |
| 0.08 | 0.13 | 0.15 | 0.18 | 0.23 | 0.27 | 0.46 | 0.52 | 0.64 | 0.26 | 0.21 | 0.02 | 0.03 | |
| Total Liabilities | 0.39 | 0.45 | 0.50 | 0.56 | 0.66 | 0.76 | 1.02 | 1.14 | 1.46 | 1.24 | 1.19 | 0.10 | 0.20 |
| 0.01 | 0.00 | 0.19 | 0.18 | 0.25 | 0.32 | 0.30 | 0.19 | 0.12 | 0.07 | 0.06 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| 0.38 | 0.45 | 0.31 | 0.38 | 0.41 | 0.44 | 0.72 | 0.95 | 1.34 | 1.17 | 1.13 | 0.10 | 0.19 | |
| Total Assets | 0.39 | 0.45 | 0.50 | 0.56 | 0.66 | 0.76 | 1.02 | 1.14 | 1.46 | 1.24 | 1.19 | 0.10 | 0.20 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.01 | 0.20 | 0.00 | 0.06 | 0.18 | 0.06 | -0.02 | 0.02 | 0.78 | -0.27 | -0.45 | |
| 0.00 | 0.00 | -0.20 | 0.00 | -0.12 | -0.14 | -0.09 | 0.00 | 0.00 | -0.02 | -0.04 | 0.02 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | -0.05 | 0.10 | |
| Net Cash Flow | -0.02 | -0.01 | 0.00 | 0.00 | -0.06 | 0.03 | -0.03 | -0.03 | 0.01 | 0.76 | -0.37 | -0.34 |
| Free Cash Flow | -0.02 | -0.01 | 0.00 | 0.00 | -0.06 | 0.04 | -0.03 | -0.02 | 0.02 | 0.76 | -0.31 | -0.44 |
| CFO/OP | -200% | 0% | 400% | 0% | 54% | 124% | 45% | 5% | 28% | 229% | -270% | 36% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 202.78 | 91.25 | 268.38 | 302.07 | 136.88 | 143.94 | 297.21 | 396.47 | 503.80 | 64.64 | 267.23 | 26.07 |
| Inventory Days | 0.00 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 202.78 | 91.25 | 268.38 | 302.07 | 136.88 | 143.94 | 297.21 | 396.47 | 503.80 | 64.64 | 267.23 | 26.07 |
| Working Capital Days | 1,176.11 | -54.75 | 161.03 | 163.62 | 104.29 | 71.97 | 135.57 | 276.90 | 339.30 | 22.81 | 293.30 | 52.14 |
| ROCE % | 3.23% | 3.17% | 11.94% | 10.96% | 19.75% | 19.57% | 17.14% | 15.25% | 29.17% | 34.44% | 5.10% | -181.13% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number |
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| Debtors Turnover Ratio Times |
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| Software Work-in-Progress (Development Cost) INR Thousands |
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Documents
Announcements
- Closure of Trading Window 27 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - The Company has published the Statement of Un- audited Standalone and Consolidated Financial Results for the Quarter ended on 31st December, 2025.
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Outcome Of Board Meeting And Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Feb - Board approved Q3 results: consolidated revenue Rs5,030.02 lakh, net profit Rs69.05 lakh; acquired Inertia Aluminium (100%).
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Board Meeting Outcome for Outcome Of Board Meeting And Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Feb - Board approved unaudited results for quarter ended Dec 31, 2025; consolidated revenue ₹5,007.87L Qtr, ₹9,398.79L nine months; acquired Inertia Aluminum.
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Board Meeting Outcome for Outcome Of Board Meeting And Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Feb - Approved unaudited results for quarter ended Dec 31, 2025; consolidated revenue Rs5,030.02L; net profit Rs69.05L; acquired 100% Inertia Aluminum.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
STL is engaged in the technology sector focusing on three main areas:
a) Software Development
b) Hardware trading
c) Information technology (IT) services