Spel Semiconductor Ltd
Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips[1]
- Market Cap ₹ 710 Cr.
- Current Price ₹ 154
- High / Low ₹ 263 / 100
- Stock P/E
- Book Value ₹ 0.47
- Dividend Yield 0.00 %
- ROCE -10.8 %
- ROE -36.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 336 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -26.5% over past five years.
- Company has a low return on equity of -8.09% 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE SmallCap BSE Allcap BSE Industrials
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 63 | 47 | 26 | 36 | 42 | 26 | 37 | 16 | 9 | 11 | 12 | 8 | 8 | |
| 49 | 35 | 35 | 38 | 44 | 34 | 31 | 22 | 12 | 7 | 14 | 13 | 12 | |
| Operating Profit | 15 | 12 | -10 | -2 | -3 | -8 | 6 | -6 | -2 | 4 | -2 | -5 | -5 |
| OPM % | 23% | 26% | -37% | -6% | -7% | -30% | 16% | -35% | -24% | 35% | -16% | -68% | -59% |
| 1 | 1 | -0 | -21 | 4 | 5 | 2 | 3 | -4 | -2 | -9 | -11 | -21 | |
| Interest | 5 | 4 | 3 | 2 | 3 | 3 | 1 | 1 | 1 | 3 | 3 | 3 | 4 |
| Depreciation | 11 | 10 | 11 | 7 | 6 | 5 | 5 | 4 | 5 | 4 | 3 | 2 | 1 |
| Profit before tax | 0 | -0 | -24 | -32 | -8 | -11 | 1 | -8 | -12 | -5 | -16 | -22 | -31 |
| Tax % | -60% | -27% | -16% | -5% | 2% | -2% | 21% | 2% | 2% | -32% | 3% | -2% | |
| 0 | -0 | -20 | -31 | -8 | -11 | 1 | -9 | -13 | -3 | -17 | -21 | -31 | |
| EPS in Rs | 0.07 | -0.08 | -4.29 | -6.64 | -1.84 | -2.33 | 0.23 | -1.87 | -2.77 | -0.67 | -3.64 | -4.56 | -6.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | -26% |
| 3 Years: | -6% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 66% |
| 3 Years: | 44% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -9% |
| 3 Years: | -8% |
| Last Year: | -36% |
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 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 42 | 41 | 21 | 49 | 41 | 31 | 33 | 26 | 7 | 3 | -13 | -33 | -44 |
| 30 | 27 | 16 | 28 | 25 | 22 | 28 | 30 | 31 | 25 | 28 | 31 | 27 | |
| 27 | 30 | 47 | 51 | 58 | 64 | 75 | 64 | 88 | 89 | 85 | 84 | 91 | |
| Total Liabilities | 145 | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 120 |
| 109 | 98 | 87 | 133 | 126 | 122 | 117 | 113 | 87 | 78 | 75 | 72 | 75 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 37 | 46 | 43 | 42 | 44 | 41 | 65 | 54 | 85 | 86 | 71 | 56 | 45 | |
| Total Assets | 145 | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 120 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -22 | -3 | -9 | -2 | |
| 1 | 0 | 1 | 26 | 7 | 1 | 1 | 1 | 21 | 12 | 9 | 1 | |
| -7 | -6 | 6 | 8 | -6 | -5 | 5 | 1 | 1 | -8 | 0 | 0 | |
| Net Cash Flow | -0 | -0 | -0 | 6 | -6 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
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 | 54 | 44 | 54 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 36 | 36 |
| Inventory Days | 381 | 2,094 | 1,178 | 2,838 | 2,947 | |||||||
| Days Payable | 166 | 558 | 346 | 343 | 449 | |||||||
| Cash Conversion Cycle | 270 | 1,580 | 886 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 2,531 | 2,534 |
| Working Capital Days | 7 | 39 | -214 | -34 | 11 | -63 | 52 | 92 | 632 | 465 | 31 | -784 |
| ROCE % | 4% | 3% | -20% | -6% | -6% | -8% | 3% | -4% | -6% | 9% | -5% | -11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper advertisement for Unaudited Financial Results for the quarter ended 30 September 2025
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Results Of The Company For The Quarter Ended 30.9.2025 With Limited Review Report.
15 Nov - Board approved Q2 (Sep 30,2025) results: Q2 loss Rs1,246.52 lakhs; YTD loss Rs1,805.30 lakhs; auditor flagged going concern.
- Results For The Quarter Ended 30Th September 2025 14 Nov
-
Board Meeting Outcome for Results For The Quarter Ended 30Th September 2025
14 Nov - Approved Q2 results (Sep 30, 2025); allotted Rs.6.95 Cr NCRPS to Dr A.C. Muthiah.
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Board Meeting Intimation for SPEL Semiconductor Ltd Has Informed BSE That The Meeting Of The Board Of The Company Is Scheduled On 14/11/2025 ,Inter Alia, To Consider And Approve Unaudited Financial Results For The Quarter Ended September 30, 2025
7 Nov - Board meeting Nov 14, 2025 11:35 PM to approve unaudited results for quarter/year ended Sep 30, 2025; trading window closed.
Annual reports
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Financial Year 2025
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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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Holding Company:[1]
Natronix Semiconductor Technology Pvt Ltd, headquartered in Singapore and a member of the Valingro Group has its OSAT presence in India through its subsidiary, SPEL Semiconductor Ltd