Spectra Industries Ltd

₹ 3.92 -3.21%

01 Oct - close price

About

Spectra Industries Ltd is a legacy automobile-components, commercial-vehicle dealership and trading company whose business operations are currently closed. The company reported nil operating revenue in FY21–FY24. It has been under Corporate Insolvency Resolution Process since June 2023, with the Committee of Creditors subsequently approving liquidation in September 2025.^[1]

Key Points

Legacy operations
The company historically manufactured automobile components and operated an authorised dealership for Mahindra & Mahindra light and heavy commercial vehicles. It also traded in products including CR/HR steel sheets and textiles.^[1]^[2]
Historical works and service locations were reported at Murbad, Mira Road and Ajivali/Panvel in Maharashtra. FY23 filings, however, state that all business operations had closed. ^[1]^[3]

Website BSE

Market Cap ₹ 2.78 Cr.
Current Price ₹ 3.92
High / Low ₹ 6.47 / 3.26
Stock P/E
Book Value ₹ -79.3
Dividend Yield 0.00 %
ROCE -40.8 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	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
	0.11	0.05	0.04	0.05	0.04	0.48	0.05	0.34	0.07	0.16	0.03	0.11	0.18
Operating Profit	-0.11	-0.05	-0.04	-0.05	-0.04	-0.48	-0.05	-0.34	-0.07	-0.16	-0.03	-0.11	-0.18
OPM %
	0.00	0.01	0.00	0.00	0.00	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.18
Interest	0.19	4.50	0.15	0.00	0.30	4.45	0.15	2.41	1.28	-1.54	1.13	1.13	1.13
Depreciation	0.30	0.15	0.13	0.15	0.13	0.13	0.13	0.13	0.13	0.13	0.10	0.10	0.10
Profit before tax	-0.60	-4.69	-0.32	-0.20	-0.47	-4.79	-0.33	-2.88	-1.48	1.25	-1.26	-1.34	-1.23
Tax %	0.00%	0.43%	0.00%	0.00%	0.00%	-3.34%	0.00%	0.00%	0.00%	-8.80%	0.00%	0.00%	0.00%
	-0.60	-4.71	-0.32	-0.20	-0.47	-4.63	-0.34	-2.88	-1.48	1.36	-1.26	-1.34	-1.23
EPS in Rs	-0.85	-6.65	-0.45	-0.28	-0.66	-6.54	-0.48	-4.07	-2.09	1.92	-1.78	-1.89	-1.74
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	54.80	76.95	68.97	109.17	121.44	131.56	85.99	0.53	0.00	0.00	0.00	0.00	0.00
	53.12	74.66	68.65	107.52	120.03	130.30	95.18	28.27	0.36	0.21	0.64	0.62	0.48
Operating Profit	1.68	2.29	0.32	1.65	1.41	1.26	-9.19	-27.74	-0.36	-0.21	-0.64	-0.62	-0.48
OPM %	3.07%	2.98%	0.46%	1.51%	1.16%	0.96%	-10.69%	-5,233.96%
	0.12	0.27	0.52	1.35	2.01	3.75	0.61	0.07	0.02	0.01	0.27	0.00	0.18
Interest	0.84	1.24	1.39	2.04	2.38	2.58	2.90	0.96	7.85	4.69	5.20	2.30	1.85
Depreciation	0.59	0.61	0.52	0.89	0.59	0.69	0.66	0.65	0.64	0.60	0.53	0.53	0.43
Profit before tax	0.37	0.71	-1.07	0.07	0.45	1.74	-12.14	-29.28	-8.83	-5.49	-6.10	-3.45	-2.58
Tax %	29.73%	36.62%	0.93%	-200.00%	48.89%	27.01%	0.74%	-0.68%	-0.34%	0.36%	-2.62%	-3.19%
	0.26	0.46	-1.08	0.21	0.23	1.26	-12.22	-29.08	-8.79	-5.50	-5.94	-3.34	-2.47
EPS in Rs	0.37	0.65	-1.53	0.30	0.32	1.78	-17.26	-41.08	-12.42	-7.77	-8.39	-4.72	-3.49
Dividend Payout %	0.00%	0.00%	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:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	17%
TTM:	74%

Stock Price CAGR
10 Years:	-13%
5 Years:	-1%
3 Years:	-3%
1 Year:	-21%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08
Reserves	5.33	5.79	4.70	4.92	5.15	5.49	-6.72	-35.80	-44.59	-50.09	-56.03	-59.37	-61.97
	10.82	16.69	19.77	19.50	21.58	42.57	39.59	37.18	44.57	48.78	53.22	53.65	56.08
	33.85	30.82	28.73	41.54	49.63	34.13	11.40	7.36	7.33	7.49	7.18	9.40	6.54
Total Liabilities	57.08	60.38	60.28	73.04	83.44	89.27	51.35	15.82	14.39	13.26	11.45	10.76	7.73
	8.03	7.55	7.48	6.52	12.88	12.24	11.65	11.01	10.37	9.77	9.15	8.62	5.73
CWIP	0.23	1.81	3.25	5.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.93	0.93	0.93	0.93	0.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.89	50.09	48.62	59.95	69.63	77.03	39.70	4.81	4.02	3.49	2.30	2.14	2.00
Total Assets	57.08	60.38	60.28	73.04	83.44	89.27	51.35	15.82	14.39	13.26	11.45	10.76	7.73

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0.58	-4.33	0.36	3.49	0.31	1.61	2.92	-1.91	7.19	4.01	4.58	5.76
	-0.77	-1.57	-1.67	-1.87	-0.72	0.39	0.19	0.07	0.02	0.01	0.10	0.00
	-0.63	-0.31	4.19	-0.82	-2.58	-2.51	-2.98	-1.07	-7.31	-4.12	-4.72	-5.76
Net Cash Flow	-1.98	-6.21	2.88	0.80	-2.99	-0.51	0.13	-2.90	-0.10	-0.10	-0.04	0.01
Free Cash Flow	-1.36	-6.05	-1.53	1.17	-1.00	1.56	2.85	-1.91	7.19	4.01	4.67	5.76
CFO/OP	-19%	-187%	166%	269%	41%	139%	-37%	6%	-1,972%	-1,900%	-716%	-929%

Ratios

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	230.99	167.68	179.19	134.87	149.77	141.58	83.37	2,451.70
Inventory Days	43.34	38.99	40.09	33.27	33.36	58.01	72.90	17.15	23,360.00		365.00	365.00
Days Payable	214.77	99.65	111.07	137.19	147.38	93.53	39.83	140.28	196,005.00		6,216.41	12,045.00
Cash Conversion Cycle	59.56	107.02	108.21	30.95	35.75	106.06	116.44	2,328.56
Working Capital Days	7.46	17.36	20.80	-7.32	-7.00	0.08	-45.55	-25,178.11
ROCE %	5.53%	7.39%	1.05%	6.69%	8.67%	9.71%	-19.43%	-117.00%	-12.63%	-12.47%	-23.11%	-40.85%

Insights

In beta

Mar 2016

Mar 2017

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Automobile Dealership share of total turnover
% of total turnover

xx.xx	xx.xx	xx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
xxx	xx	xx	x	x	x	x

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Number of permanent employees on rolls
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	55.73%	55.73%	55.73%	55.73%	55.77%	55.77%	55.86%	55.86%	55.86%	55.86%	55.86%	55.86%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	44.17%	44.17%	44.17%	44.17%	44.13%	44.13%	44.05%	44.06%	44.05%	44.05%	44.05%	44.05%
No. of Shareholders	4,856	4,862	4,867	5,148	5,240	5,226	5,199	5,240	5,247	5,250	5,249	5,292

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	55.73%	55.73%	55.73%	55.73%	55.73%	55.77%	55.86%	55.86%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	44.17%	44.17%	44.17%	44.17%	44.17%	44.13%	44.05%	44.05%
No. of Shareholders	4,872	4,986	4,926	4,921	4,856	5,240	5,247	5,292

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Spectra Industries Ltd

Spectra Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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