Spel Semiconductor Ltd
SPEL Semiconductor Limited is Natronix's India OSAT (Outsourced Semiconductor Assembly & Test). SPEL provides full turnkey solutions that include Wafer sort, Assembly, Test and Drop-shipment services which help Customers accelerate time-to-revenue for their new products.
SPEL also offers value added services such as Package Design, Failure Analysis and Full Reliability Test, Test Program Development & Product Characterization.[1]
- Market Cap ₹ 573 Cr.
- Current Price ₹ 124
- High / Low ₹ 152 / 33.2
- Stock P/E 273
- Book Value ₹ 9.04
- Dividend Yield 0.00 %
- ROCE 8.75 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 343 to 60.5 days.
Cons
- Stock is trading at 13.8 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -23.2% over past five years.
- Company has a low return on equity of -3.87% 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
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
79.79 | 80.77 | 63.39 | 47.20 | 25.85 | 35.53 | 41.66 | 26.34 | 36.54 | 15.92 | 9.49 | 11.16 | 13.76 | |
67.24 | 70.02 | 48.68 | 34.90 | 35.40 | 37.64 | 44.47 | 34.22 | 30.54 | 21.55 | 11.75 | 7.22 | 13.49 | |
Operating Profit | 12.55 | 10.75 | 14.71 | 12.30 | -9.55 | -2.11 | -2.81 | -7.88 | 6.00 | -5.63 | -2.26 | 3.94 | 0.27 |
OPM % | 15.73% | 13.31% | 23.21% | 26.06% | -36.94% | -5.94% | -6.75% | -29.92% | 16.42% | -35.36% | -23.81% | 35.30% | 1.96% |
0.86 | 1.22 | 1.15 | 1.38 | -0.32 | -20.88 | 3.67 | 4.86 | 1.76 | 2.65 | -4.31 | -1.95 | -3.42 | |
Interest | 3.25 | 5.84 | 4.70 | 4.04 | 3.04 | 2.16 | 2.89 | 2.84 | 1.43 | 1.16 | 1.22 | 2.56 | 2.93 |
Depreciation | 9.38 | 11.85 | 10.96 | 10.12 | 10.71 | 6.93 | 6.31 | 5.15 | 4.98 | 4.30 | 4.69 | 3.95 | 2.89 |
Profit before tax | 0.78 | -5.72 | 0.20 | -0.48 | -23.62 | -32.08 | -8.34 | -11.01 | 1.35 | -8.44 | -12.48 | -4.52 | -8.97 |
Tax % | 26.92% | 20.45% | -60.00% | 27.08% | 16.22% | 4.61% | -1.56% | 2.45% | 21.48% | -2.25% | -2.32% | 31.64% | |
0.57 | -4.55 | 0.32 | -0.35 | -19.79 | -30.60 | -8.47 | -10.74 | 1.05 | -8.64 | -12.77 | -3.09 | -8.26 | |
EPS in Rs | 0.12 | -0.99 | 0.07 | -0.08 | -4.29 | -6.64 | -1.84 | -2.33 | 0.23 | -1.87 | -2.77 | -0.67 | -1.79 |
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: | -18% |
5 Years: | -23% |
3 Years: | -33% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 21% |
3 Years: | 76% |
TTM: | 240% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 76% |
3 Years: | 104% |
1 Year: | 269% |
Return on Equity | |
---|---|
10 Years: | -7% |
5 Years: | -5% |
3 Years: | -4% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 |
Reserves | 46.02 | 41.20 | 41.52 | 40.86 | 21.07 | 49.02 | 40.90 | 31.42 | 32.90 | 25.91 | 6.61 | 3.40 | -4.43 |
38.65 | 33.10 | 30.34 | 27.30 | 16.16 | 28.23 | 24.91 | 22.33 | 27.60 | 29.93 | 31.35 | 25.31 | 25.16 | |
27.48 | 27.66 | 27.38 | 30.16 | 47.01 | 51.37 | 57.96 | 63.54 | 75.10 | 64.46 | 88.09 | 88.74 | 87.06 | |
Total Liabilities | 158.28 | 148.09 | 145.37 | 144.45 | 130.37 | 174.75 | 169.90 | 163.42 | 181.73 | 166.43 | 172.18 | 163.58 | 153.92 |
127.01 | 118.86 | 108.56 | 98.11 | 87.20 | 132.70 | 126.37 | 122.10 | 117.12 | 112.91 | 87.25 | 77.67 | 76.42 | |
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 | 0.00 |
31.27 | 29.23 | 36.81 | 46.34 | 43.17 | 42.05 | 43.53 | 41.32 | 64.61 | 53.52 | 84.93 | 85.91 | 77.50 | |
Total Assets | 158.28 | 148.09 | 145.37 | 144.45 | 130.37 | 174.75 | 169.90 | 163.42 | 181.73 | 166.43 | 172.18 | 163.58 | 153.92 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18.22 | 13.24 | 5.12 | 5.81 | -6.97 | -28.62 | -6.38 | 4.02 | -6.73 | -2.38 | -22.11 | -3.23 | |
-17.71 | -3.36 | 1.49 | 0.38 | 0.91 | 25.73 | 7.04 | 0.61 | 1.46 | 1.21 | 21.35 | 11.61 | |
-2.54 | -10.61 | -6.83 | -6.33 | 6.01 | 8.41 | -6.18 | -4.62 | 5.28 | 1.16 | 0.76 | -8.39 | |
Net Cash Flow | -2.03 | -0.73 | -0.22 | -0.14 | -0.06 | 5.51 | -5.53 | 0.00 | 0.01 | -0.01 | 0.00 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 30.33 | 24.40 | 54.47 | 43.61 | 53.94 | 159.13 | 18.31 | 60.42 | 319.45 | 926.26 | 40.77 | 60.51 |
Inventory Days | 183.05 | 166.68 | 381.23 | 2,093.72 | 1,177.89 | |||||||
Days Payable | 89.78 | 97.81 | 165.81 | 557.55 | 346.19 | |||||||
Cash Conversion Cycle | 123.60 | 93.27 | 269.90 | 1,579.78 | 885.64 | 159.13 | 18.31 | 60.42 | 319.45 | 926.26 | 40.77 | 60.51 |
Working Capital Days | 30.88 | 26.71 | 53.32 | 116.61 | 13.84 | 119.17 | 114.16 | 57.78 | 162.72 | 338.63 | 883.08 | 668.19 |
ROCE % | 3.13% | 0.10% | 4.11% | 3.07% | -19.67% | -6.02% | -5.76% | -7.71% | 2.72% | -4.30% | -6.01% | 8.75% |
Documents
Announcements
- Closure of Trading Window 15h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Company Overview
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. The Co, SPEL is the first IC Assembly & Test facility in India which commenced commercial production in 1989. [1]