Span Divergent Ltd

Span Divergent Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Span Divergent Ltd

₹ 14.3 -4.66%
26 Apr - close price
spandivergent.com BSE: 524727
About

Incorporated in 1972, Span Divergent Ltd invests in Cashew Processing, Plant Tissue Culture and Trading of consumables used in Pharma/Biotech Industries.

Key Points

Services Offered:[1]
Company is operating in various businesses through specific subsidiary firm formed for each of the businesses.
a) Dryfruit Factory LLP (DFFL):
Company has a plant near Ahmedabad for processing of Raw Cashew Nuts (RCNs) into a finished cashew. Its commercial production
started in Q2FY18
b) Aranya Agri Biotech LLP (AABL):
It is involved in Plant Tissue Culture business which falls into Agriculture Activities. It is also doing Research and Development to make new products which can be cultivated through tissue culture techniques
c) Desai Farmharvest LLP:
No operation has started in this LLP
d) Biospan Scientific LLP (BSLLP):
This focuses on areas of Microbiology, Protein research and Scientific Laboratory products. As of now, LLP has limited products under its name.
e) Biospan Contamination Control Solutions Private Limited (BSCCS):
BSCCS is a joint venture formed between Span Divergent Ltd. and Micronclean UK, with Span having 67% equity stake. It caters to Pharma along with Biotechnology industry having clean room consumable requirement. Products are imported from Joint Venture Partner Company from UK and other reputed companies world-wide operating in similar segment.
f) Span Diagnostics LLP:
No operation has started in this LLP
g) Span Diagnostics South Africa (PTY) Limited:
Being an inoperative entity, company has initiated process either to divest its investment from this venture or close down the same.

Website BSE
  • Market Cap ₹ 7.82 Cr.
  • Current Price ₹ 14.3
  • High / Low ₹ 18.1 / 8.80
  • Stock P/E
  • Book Value ₹ -5.33
  • Dividend Yield 0.00 %
  • ROCE -9.50 %
  • ROE %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.99% over past five years.
  • Contingent liabilities of Rs.4.03 Cr.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2.37 2.33 1.88 5.34 3.07 2.77 2.72 3.10 3.33 3.39 3.43 3.18 3.01
2.56 2.69 2.70 4.89 2.75 2.54 2.18 3.03 3.01 3.51 2.86 2.97 2.60
Operating Profit -0.19 -0.36 -0.82 0.45 0.32 0.23 0.54 0.07 0.32 -0.12 0.57 0.21 0.41
OPM % -8.02% -15.45% -43.62% 8.43% 10.42% 8.30% 19.85% 2.26% 9.61% -3.54% 16.62% 6.60% 13.62%
0.22 -0.53 0.78 0.52 0.17 -8.94 0.18 -0.88 0.16 -2.77 0.18 0.27 0.36
Interest 0.37 0.36 0.37 0.26 0.23 0.22 0.14 0.27 0.20 0.20 0.19 0.18 0.18
Depreciation 0.80 0.78 0.71 0.22 0.68 0.59 0.58 0.54 0.55 0.54 0.49 0.47 0.34
Profit before tax -1.14 -2.03 -1.12 0.49 -0.42 -9.52 0.00 -1.62 -0.27 -3.63 0.07 -0.17 0.25
Tax % -16.67% 4.43% 29.46% 32.65% 2.38% 0.32% 1.23% 3.70% 0.55% -100.00% -76.47% 72.00%
-1.32 -1.94 -0.79 0.33 -0.41 -9.49 0.04 -1.59 -0.26 -3.62 0.13 -0.30 0.06
EPS in Rs -2.18 -1.72 -1.15 0.64 -0.59 -17.23 0.16 -2.76 -0.24 -6.43 0.37 -0.48 0.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
60.28 81.23 81.03 75.47 0.00 2.87 14.57 24.14 9.38 7.40 13.09 12.52 13.01
56.12 73.64 77.14 74.28 5.23 8.37 25.16 31.34 15.16 9.64 12.67 11.42 11.94
Operating Profit 4.16 7.59 3.89 1.19 -5.23 -5.50 -10.59 -7.20 -5.78 -2.24 0.42 1.10 1.07
OPM % 6.90% 9.34% 4.80% 1.58% -191.64% -72.68% -29.83% -61.62% -30.27% 3.21% 8.79% 8.22%
3.90 0.99 0.55 53.94 9.98 4.04 2.57 -0.76 1.96 0.82 -7.54 -3.45 -1.96
Interest 2.53 3.78 4.41 4.39 0.03 0.20 1.70 1.89 1.99 1.58 1.08 1.00 0.75
Depreciation 2.78 3.12 4.85 5.96 0.18 0.82 2.60 3.62 3.45 3.11 2.17 2.17 1.84
Profit before tax 2.75 1.68 -4.82 44.78 4.54 -2.48 -12.32 -13.47 -9.26 -6.11 -10.37 -5.52 -3.48
Tax % 62.18% 80.36% -30.29% 12.93% 27.97% -5.24% -1.46% -4.31% 7.02% -0.82% 2.12% 1.81%
1.04 0.33 -6.28 38.99 3.28 -2.61 -12.50 -14.05 -8.61 -6.16 -10.15 -5.42 -3.73
EPS in Rs 1.42 0.43 -8.66 53.59 6.06 -4.78 -22.89 -22.28 -14.23 -10.23 -17.94 -9.25 -6.32
Dividend Payout % 35.34% 117.42% 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: -17%
5 Years: -3%
3 Years: 10%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 22%
TTM: 22%
Stock Price CAGR
10 Years: -9%
5 Years: -12%
3 Years: -1%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 7.28 7.28 7.28 7.28 5.46 5.46 5.46 5.46 5.46 5.46 5.46 5.46 5.46
Reserves 21.83 21.78 15.35 54.41 44.71 43.11 30.61 19.87 12.12 6.56 -3.24 -8.30 -8.37
28.07 36.60 37.52 0.34 0.19 13.12 23.18 22.30 19.19 17.99 13.19 11.15 9.79
20.00 23.43 29.38 3.80 0.44 2.97 4.02 1.64 2.56 4.27 12.27 17.02 17.16
Total Liabilities 77.18 89.09 89.53 65.83 50.80 64.66 63.27 49.27 39.33 34.28 27.68 25.33 24.04
22.93 36.65 41.26 2.20 2.15 8.15 25.91 22.47 20.19 17.72 15.36 13.12 11.21
CWIP 12.07 7.00 1.75 0.09 0.06 10.95 0.00 0.06 0.13 0.02 0.00 0.00 0.00
Investments 0.00 0.00 0.00 45.81 35.55 27.87 25.50 16.36 10.07 9.43 4.03 3.95 4.08
42.18 45.44 46.52 17.73 13.04 17.69 11.86 10.38 8.94 7.11 8.29 8.26 8.75
Total Assets 77.18 89.09 89.53 65.83 50.80 64.66 63.27 49.27 39.33 34.28 27.68 25.33 24.04

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.70 7.89 8.21 60.91 -7.36 -5.38 -11.74 -7.09 -0.12 -0.21 7.03 1.98
-10.33 -12.63 -4.80 -12.13 13.39 -5.55 0.81 10.05 5.89 1.99 -2.05 0.53
6.10 4.31 -3.90 -42.19 -12.17 12.74 7.37 -2.82 -7.32 -1.41 -5.50 -2.30
Net Cash Flow -5.93 -0.43 -0.49 6.59 -6.13 1.80 -3.57 0.14 -1.55 0.37 -0.52 0.20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 80.77 90.00 82.07 3.72 1.27 59.62 22.08 39.30 73.49 44.06 55.39
Inventory Days 413.93 166.50 189.41 2.68 314.18 101.31 52.17 83.88 143.23 179.48 317.65
Days Payable 153.63 59.78 116.44 1.17 78.54 39.95 12.44 79.35 298.01 213.76 526.78
Cash Conversion Cycle 341.07 196.72 155.05 5.24 236.90 120.98 61.81 43.84 -81.29 9.77 -153.74
Working Capital Days 92.95 61.42 18.51 -7.01 133.54 113.73 19.96 14.01 -108.51 -241.20 -430.01
ROCE % 4.54% 8.89% -0.64% -4.35% -5.73% -8.98% -19.95% -19.10% -19.87% -15.86% -3.67% -9.50%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.13% 64.13% 64.13% 64.14% 64.14% 64.07% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01%
35.87% 35.87% 35.87% 35.86% 35.86% 35.93% 35.98% 35.99% 35.99% 36.00% 36.00% 36.00%
No. of Shareholders 2,1172,1142,1092,1252,1292,1312,1362,1492,1352,1232,1042,069

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