Span Divergent Ltd
₹ 31.9
5.00%
01 Dec
- close price
About
Incorporated in 1972, Span Divergent Ltd deals in different businesses through various subsidiaries.[1]
Key Points
- Market Cap ₹ 17.4 Cr.
- Current Price ₹ 31.9
- High / Low ₹ 45.3 / 19.0
- Stock P/E 25.6
- Book Value ₹ 64.6
- Dividend Yield 0.00 %
- ROCE 1.37 %
- ROE 1.25 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.49 times its book value
- Market value of investments Rs.29.3 Cr. is more than the Market Cap Rs.17.4 Cr.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -1.20% over past five years.
- Company has a low return on equity of 1.47% over last 3 years.
- Debtor days have increased from 47.0 to 74.8 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
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78.37 | 72.71 | 0.00 | 2.39 | 1.70 | 1.73 | 1.71 | 1.46 | 1.96 | 1.96 | 1.91 | 1.61 | 1.41 | |
| 74.43 | 71.21 | 5.08 | 6.58 | 5.99 | 2.97 | 2.02 | 1.39 | 1.50 | 1.46 | 1.68 | 1.59 | 1.57 | |
| Operating Profit | 3.94 | 1.50 | -5.08 | -4.19 | -4.29 | -1.24 | -0.31 | 0.07 | 0.46 | 0.50 | 0.23 | 0.02 | -0.16 |
| OPM % | 5.03% | 2.06% | -175.31% | -252.35% | -71.68% | -18.13% | 4.79% | 23.47% | 25.51% | 12.04% | 1.24% | -11.35% | |
| 1.01 | 49.37 | 9.99 | 4.02 | 2.77 | -0.60 | 0.96 | 0.64 | -8.03 | -3.37 | 1.63 | 1.21 | 1.35 | |
| Interest | 4.41 | 4.36 | 0.00 | 0.17 | 0.70 | 0.17 | 0.23 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 4.77 | 5.83 | 0.17 | 0.34 | 0.56 | 1.12 | 0.92 | 0.65 | 0.51 | 0.42 | 0.34 | 0.25 | 0.24 |
| Profit before tax | -4.23 | 40.68 | 4.74 | -0.68 | -2.78 | -3.13 | -0.50 | 0.02 | -8.08 | -3.29 | 1.52 | 0.98 | 0.95 |
| Tax % | 21.51% | 13.59% | 25.74% | 23.53% | 10.79% | 3.51% | -28.00% | 100.00% | -3.96% | 1.22% | 0.00% | 14.29% | |
| -5.14 | 35.15 | 3.53 | -0.84 | -3.08 | -3.24 | -0.35 | 0.00 | -7.76 | -3.34 | 1.51 | 0.84 | 0.90 | |
| EPS in Rs | -7.06 | 48.31 | 6.46 | -1.54 | -5.64 | -5.93 | -0.64 | 0.00 | -14.21 | -6.12 | 2.76 | 1.54 | 1.65 |
| Dividend Payout % | 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: | -32% |
| 5 Years: | -1% |
| 3 Years: | -6% |
| TTM: | -26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 21% |
| 3 Years: | -21% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 17% |
| 3 Years: | 35% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
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 | 7.28 | 7.28 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 | 5.46 |
| Reserves | 16.46 | 51.51 | 45.07 | 45.03 | 41.95 | 38.63 | 38.26 | 38.27 | 30.51 | 27.16 | 28.66 | 29.29 | 29.83 |
| 37.44 | 0.00 | 0.00 | 8.50 | 9.82 | 4.19 | 2.89 | 3.14 | 2.86 | 2.75 | 2.08 | 2.23 | 2.18 | |
| 29.00 | 3.54 | 0.46 | 1.01 | 1.62 | 1.32 | 2.80 | 2.97 | 1.96 | 2.18 | 2.16 | 2.90 | 3.11 | |
| Total Liabilities | 90.18 | 62.33 | 50.99 | 60.00 | 58.85 | 49.60 | 49.41 | 49.84 | 40.79 | 37.55 | 38.36 | 39.88 | 40.58 |
| 42.56 | 0.40 | 2.12 | 5.89 | 9.28 | 8.17 | 5.52 | 4.87 | 4.28 | 3.86 | 3.31 | 3.38 | 3.27 | |
| CWIP | 4.41 | 0.00 | 0.03 | 0.92 | 0.00 | 0.01 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.64 | 46.36 | 38.39 | 44.78 | 47.02 | 39.79 | 40.02 | 42.88 | 35.10 | 31.86 | 33.22 | 35.15 | 36.11 |
| 42.57 | 15.57 | 10.45 | 8.41 | 2.55 | 1.63 | 3.85 | 2.07 | 1.41 | 1.83 | 1.83 | 1.35 | 1.20 | |
| Total Assets | 90.18 | 62.33 | 50.99 | 60.00 | 58.85 | 49.60 | 49.41 | 49.84 | 40.79 | 37.55 | 38.36 | 39.88 | 40.58 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.99 | 44.99 | -4.14 | -0.93 | 2.44 | -1.09 | 1.10 | 0.37 | -0.31 | 0.58 | 0.53 | 1.00 | |
| -5.60 | -5.83 | 10.26 | -8.56 | -2.52 | 6.39 | 0.47 | -0.57 | 0.43 | -0.36 | 0.16 | -1.10 | |
| -3.92 | -32.35 | -12.16 | 8.33 | 0.67 | -5.82 | -1.97 | 0.30 | -0.20 | -0.02 | -0.56 | 0.15 | |
| Net Cash Flow | -0.53 | 6.81 | -6.04 | -1.16 | 0.59 | -0.52 | -0.41 | 0.10 | -0.08 | 0.20 | 0.13 | 0.04 |
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 | 81.60 | 0.00 | 0.00 | 62.26 | 50.64 | 49.09 | 30.00 | 18.62 | 29.80 | 36.31 | 74.81 | |
| Inventory Days | 190.61 | 0.00 | 0.00 | |||||||||
| Days Payable | 117.23 | |||||||||||
| Cash Conversion Cycle | 154.98 | 0.00 | 0.00 | 62.26 | 50.64 | 49.09 | 30.00 | 18.62 | 29.80 | 36.31 | 74.81 | |
| Working Capital Days | -71.63 | -10.44 | -867.45 | -1,945.24 | -748.99 | 53.36 | -202.50 | -134.08 | -191.81 | -173.90 | -358.20 | |
| ROCE % | 0.28% | -3.68% | -5.58% | -5.97% | -6.11% | -2.54% | -1.33% | 0.02% | 1.31% | 1.73% | 1.26% | 1.37% |
Documents
Announcements
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Span Divergent Limited - Revised Outcome Of The Board Meeting - November 10, 2025
26 Nov - Approved Q2/H1 results; two directors resigned; Dharmesh Desai appointed; sold 99% subsidiary for INR99,000; exploring fundraising.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Span Divergent Limited- Announcement under Regulation 30(LODR) News Paper Publication
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Span Divergent Limited - Intimation Under Regulation 30
10 Nov - Span Divergent to reclassify Aranya Agri Biotech LLP assets as PPE and resume subsidiary operations (dated Nov 10, 2025).
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Span Divergent Limited - Intimation For Sell / Transfer Of The Entire Investment Of The Company Held In Span Diagnostics LLP
10 Nov - Approved sale of 99% stake in Span Diagnostics LLP for INR 99,000 on Nov 10, 2025 to promoters.
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Announcement under Regulation 30 (LODR)-Change in Directorate
10 Nov - Dharmesh V. Desai appointed Additional Independent Director Nov 10, 2025–Nov 09, 2030 (subject to shareholder approval).
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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Business Overview:[1][2]
SDL operates across multiple business segments through dedicated subsidiaries in the Food, Agriculture, and Life Sciences verticals. It also provides management consulting and support services, offering financial, technical, and operational expertise to its group entities. The company actively oversees compliance, networking, and business development activities, while closely monitoring subsidiary performance and implementing strategic guidance and corrective measures as approved by the Board.