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 ₹ 755 Cr.
- Current Price ₹ 164
- High / Low ₹ 263 / 100
- Stock P/E
- Book Value ₹ 12.7
- Dividend Yield 0.00 %
- ROCE -7.61 %
- ROE -15.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.9 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -14.9% over past five years.
- Company has a low return on equity of -12.5% over last 3 years.
- Company has high debtors of 158 days.
* 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 Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46.29 | 53.90 | 72.81 | 81.00 | 87.16 | 91.46 | 79.78 | 80.77 | 63.39 | 47.20 | 25.85 | 35.67 | |
| 40.61 | 42.94 | 56.71 | 62.04 | 69.01 | 74.77 | 67.26 | 70.00 | 48.65 | 34.85 | 35.38 | 36.96 | |
| Operating Profit | 5.68 | 10.96 | 16.10 | 18.96 | 18.15 | 16.69 | 12.52 | 10.77 | 14.74 | 12.35 | -9.53 | -1.29 |
| OPM % | 12.27% | 20.33% | 22.11% | 23.41% | 20.82% | 18.25% | 15.69% | 13.33% | 23.25% | 26.17% | -36.87% | -3.62% |
| 6.69 | 1.19 | 3.67 | 2.25 | 1.48 | 1.61 | 0.86 | 1.23 | 1.14 | 1.38 | -0.33 | 2.63 | |
| Interest | 1.23 | 1.46 | 2.79 | 3.24 | 2.14 | 1.73 | 3.25 | 5.84 | 4.71 | 4.05 | 3.05 | 2.67 |
| Depreciation | 3.82 | 4.28 | 6.08 | 8.34 | 8.20 | 8.84 | 9.38 | 11.85 | 10.96 | 10.13 | 10.72 | 7.11 |
| Profit before tax | 7.32 | 6.41 | 10.90 | 9.63 | 9.29 | 7.73 | 0.75 | -5.69 | 0.21 | -0.45 | -23.63 | -8.44 |
| Tax % | 21.04% | 38.38% | 33.12% | 35.10% | 34.34% | 41.53% | 28.00% | -20.39% | -52.38% | -26.67% | -16.17% | 4.50% |
| 5.78 | 3.95 | 7.29 | 6.25 | 6.10 | 4.52 | 0.54 | -4.53 | 0.32 | -0.33 | -19.80 | -8.81 | |
| EPS in Rs | 0.87 | 1.58 | 1.36 | 1.32 | 0.98 | 0.12 | -0.98 | 0.07 | -0.07 | -4.29 | -1.91 | |
| 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: | -4% |
| 5 Years: | -15% |
| 3 Years: | -17% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 63% |
| 3 Years: | 54% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -8% |
| 3 Years: | -13% |
| Last Year: | -15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45.45 | 45.45 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 | 46.13 |
| Reserves | -1.44 | 2.99 | 34.08 | 34.62 | 40.71 | 45.24 | 45.98 | 41.18 | 41.51 | 40.87 | 21.07 | 12.25 |
| 19.62 | 29.07 | 46.76 | 44.30 | 29.40 | 35.28 | 38.65 | 33.10 | 30.34 | 27.30 | 16.16 | 28.23 | |
| 12.86 | 12.59 | 31.86 | 22.38 | 27.06 | 28.81 | 27.49 | 27.67 | 27.41 | 30.16 | 47.02 | 36.60 | |
| Total Liabilities | 76.49 | 90.10 | 158.83 | 147.43 | 143.30 | 155.46 | 158.25 | 148.08 | 145.39 | 144.46 | 130.38 | 123.21 |
| 40.23 | 58.98 | 112.36 | 116.46 | 112.09 | 104.06 | 127.01 | 118.87 | 108.57 | 98.11 | 87.20 | 68.88 | |
| CWIP | 18.87 | 8.70 | 0.23 | 0.32 | 0.33 | 14.00 | 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 |
| 17.39 | 22.42 | 46.24 | 30.65 | 30.88 | 37.40 | 31.24 | 29.21 | 36.82 | 46.35 | 43.18 | 54.33 | |
| Total Assets | 76.49 | 90.10 | 158.83 | 147.43 | 143.30 | 155.46 | 158.25 | 148.08 | 145.39 | 144.46 | 130.38 | 123.21 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.48 | 5.49 | 15.14 | 19.06 | 16.33 | 15.19 | 18.23 | 13.24 | 5.12 | 5.81 | -6.96 | -15.54 | |
| -15.23 | -13.08 | -30.41 | -14.24 | -7.18 | -14.23 | -17.71 | -3.36 | 1.48 | 0.38 | 0.91 | 6.83 | |
| 7.43 | 7.99 | 18.22 | -4.61 | -12.59 | 2.03 | -2.55 | -10.61 | -6.83 | -6.32 | 6.01 | 14.24 | |
| Net Cash Flow | -0.32 | 0.40 | 2.95 | 0.21 | -3.44 | 2.99 | -2.03 | -0.73 | -0.23 | -0.13 | -0.05 | 5.53 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 17.35 | 27.22 | 22.26 | 18.39 | 33.00 | 18.24 | 30.33 | 24.40 | 54.47 | 43.61 | 53.94 | 158.50 |
| Inventory Days | 297.03 | 290.17 | 196.51 | 197.30 | 167.97 | 152.26 | 183.15 | 166.68 | 381.23 | 2,093.72 | 1,177.89 | 344.06 |
| Days Payable | 258.46 | 150.71 | 95.12 | 103.97 | 108.22 | 86.56 | 81.38 | 97.81 | 166.72 | 557.55 | 345.15 | 351.87 |
| Cash Conversion Cycle | 55.92 | 166.68 | 123.65 | 111.72 | 92.75 | 83.93 | 132.11 | 93.27 | 268.98 | 1,579.78 | 886.68 | 150.68 |
| Working Capital Days | 23.34 | 69.14 | 60.96 | 53.80 | 54.48 | -46.57 | -31.11 | -37.69 | 7.14 | 39.13 | -214.48 | 20.06 |
| ROCE % | 11.15% | 13.39% | 10.21% | 9.47% | 7.79% | 3.11% | 0.12% | 4.13% | 3.10% | -19.67% | -7.61% |
Documents
Announcements
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Clarification sought from SPEL Semiconductor Ltd
30 Jan - Exchange has sought clarification from SPEL Semiconductor Ltd on January 30, 2026 with reference to significant movement in price, in order to ensure that investors …
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Intimation Of Temporary Suspension Of Production
14 Jan - Factory manufacturing suspended from Jan 14, 2026 due to working capital shortage; seeking asset sales, debt, government schemes.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Cameo confirmed dematerialisation and register updates for quarter ended Dec 31, 2025 under Regulation 74(5).
- Closure of Trading Window 31 Dec 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov 2025 - Newspaper advertisement for Unaudited Financial Results for the quarter ended 30 September 2025
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 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