Sprayking Ltd
₹ 1.50
-9.09%
09 Apr
- close price
About
Incorporated in 1980, Sprayking Ltd is in the business of trading & exporting of Brass items.[1]
Key Points
- Market Cap ₹ 31.7 Cr.
- Current Price ₹ 1.50
- High / Low ₹ 4.10 / 1.00
- Stock P/E 117
- Book Value ₹ 1.42
- Dividend Yield 0.00 %
- ROCE 8.71 %
- ROE 7.71 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.05 times its book value
- Debtor days have improved from 81.8 to 39.5 days.
- Company's working capital requirements have reduced from 258 days to 105 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 36.4%
- Company has a low return on equity of 9.35% 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 Industrial Products Other Industrial Products
Loading peers table ...
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16.23 | 14.06 | 15.15 | 17.64 | 23.28 | 28.64 | 25.64 | 18.60 | 15.99 | 19.33 | 31.14 | 62.79 | 41.67 | |
| 15.48 | 13.01 | 14.10 | 16.78 | 22.52 | 27.67 | 25.45 | 19.06 | 15.51 | 16.68 | 27.06 | 58.23 | 38.98 | |
| Operating Profit | 0.75 | 1.05 | 1.05 | 0.86 | 0.76 | 0.97 | 0.19 | -0.46 | 0.48 | 2.65 | 4.08 | 4.56 | 2.69 |
| OPM % | 4.62% | 7.47% | 6.93% | 4.88% | 3.26% | 3.39% | 0.74% | -2.47% | 3.00% | 13.71% | 13.10% | 7.26% | 6.46% |
| 0.17 | 0.29 | 0.22 | 0.54 | 0.61 | 0.40 | 0.85 | 1.90 | 0.01 | 0.00 | 0.30 | 0.06 | 0.69 | |
| Interest | 0.41 | 0.52 | 0.52 | 0.64 | 0.63 | 0.66 | 0.55 | 0.40 | 0.00 | 0.11 | 0.37 | 0.75 | 1.36 |
| Depreciation | 0.40 | 0.77 | 0.67 | 0.65 | 0.60 | 0.52 | 0.44 | 0.16 | 0.02 | 0.11 | 0.45 | 1.06 | 1.74 |
| Profit before tax | 0.11 | 0.05 | 0.08 | 0.11 | 0.14 | 0.19 | 0.05 | 0.88 | 0.47 | 2.43 | 3.56 | 2.81 | 0.28 |
| Tax % | 27.27% | 20.00% | 25.00% | 27.27% | 21.43% | 31.58% | 20.00% | 29.55% | 25.53% | 25.51% | 24.44% | 21.71% | |
| 0.07 | 0.04 | 0.05 | 0.08 | 0.12 | 0.13 | 0.03 | 0.62 | 0.35 | 1.81 | 2.69 | 2.20 | 0.27 | |
| EPS in Rs | 0.03 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.02 | 0.09 | 0.13 | 0.10 | 0.01 |
| 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: | 16% |
| 5 Years: | 20% |
| 3 Years: | 58% |
| TTM: | -33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | 136% |
| 3 Years: | 85% |
| TTM: | -92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | -28% |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 8% |
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 | 0.38 | 0.38 | 2.28 | 3.17 | 3.17 | 3.17 | 3.17 | 3.17 | 3.17 | 6.34 | 10.57 | 21.14 | 21.14 |
| Reserves | 1.50 | 1.53 | 3.63 | 4.69 | 4.79 | 4.93 | 4.96 | 5.58 | 5.93 | 18.51 | 16.87 | 8.51 | 8.92 |
| 7.07 | 9.42 | 7.92 | 5.82 | 6.84 | 6.40 | 5.03 | 0.36 | 0.00 | 1.30 | 6.75 | 17.95 | 16.34 | |
| 4.27 | 1.18 | 0.60 | 3.27 | 1.75 | 0.73 | 0.45 | 0.70 | 2.60 | 0.68 | 20.58 | 3.44 | 4.08 | |
| Total Liabilities | 13.22 | 12.51 | 14.43 | 16.95 | 16.55 | 15.23 | 13.61 | 9.81 | 11.70 | 26.83 | 54.77 | 51.04 | 50.48 |
| 4.02 | 3.45 | 3.62 | 3.44 | 3.29 | 2.89 | 2.36 | 0.15 | 0.24 | 0.55 | 6.06 | 11.19 | 10.98 | |
| 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 | 6.11 | 6.16 | 7.88 |
| 9.20 | 9.06 | 10.81 | 13.51 | 13.26 | 12.34 | 11.25 | 9.66 | 11.46 | 26.28 | 42.60 | 33.69 | 31.62 | |
| Total Assets | 13.22 | 12.51 | 14.43 | 16.95 | 16.55 | 15.23 | 13.61 | 9.81 | 11.70 | 26.83 | 54.77 | 51.04 | 50.48 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.70 | -1.01 | -0.72 | 1.42 | -0.12 | 0.93 | 1.57 | 0.64 | 1.09 | -2.72 | 8.04 | -5.40 | |
| -1.55 | -0.15 | -0.96 | -0.84 | -0.29 | 0.11 | 0.30 | 3.78 | -0.35 | -12.69 | -11.97 | -6.21 | |
| 2.28 | 1.15 | 1.92 | -0.68 | 0.25 | -1.04 | -1.85 | -4.42 | -0.36 | 15.13 | 5.08 | 10.45 | |
| Net Cash Flow | 0.03 | -0.01 | 0.23 | -0.10 | -0.16 | 0.00 | 0.02 | -0.01 | 0.38 | -0.28 | 1.15 | -1.16 |
| Free Cash Flow | -2.37 | -1.22 | -1.56 | 0.95 | -0.56 | 0.87 | 1.66 | 4.19 | 0.98 | -3.14 | 2.07 | -11.70 |
| CFO/OP | -89% | -95% | -68% | 169% | -7% | 104% | 847% | -200% | 252% | -80% | 215% | -101% |
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 | 8.55 | 5.45 | 20.48 | 72.63 | 60.68 | 34.92 | 47.69 | 163.07 | 213.43 | 172.78 | 33.17 | 39.53 |
| Inventory Days | 195.25 | 235.21 | 212.50 | 189.98 | 147.00 | 126.07 | 110.07 | 1.23 | 5.09 | 82.31 | 195.27 | 60.44 |
| Days Payable | 11.88 | 4.81 | 7.62 | 11.91 | 28.17 | 7.44 | 1.67 | 6.79 | 61.81 | 3.29 | 215.87 | 17.30 |
| Cash Conversion Cycle | 191.91 | 235.85 | 225.36 | 250.70 | 179.51 | 153.55 | 156.09 | 157.52 | 156.71 | 251.80 | 12.57 | 82.67 |
| Working Capital Days | 108.40 | 122.01 | 145.52 | 121.67 | 85.29 | 72.01 | 84.42 | 167.19 | 189.92 | 455.64 | 214.73 | 105.10 |
| ROCE % | 6.77% | 5.62% | 4.77% | 5.45% | 5.41% | 5.73% | 4.27% | -1.17% | 5.16% | 14.41% | 13.03% | 8.71% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Workforce / Number of Employees Number |
|
|||||||||||
| Trade Receivables Turnover Ratio |
||||||||||||
| Actual Production Volume Metric Tons (MT) |
||||||||||||
| Capacity Utilization % |
||||||||||||
| Installed Manufacturing Capacity Metric Tons (MT) Per Year |
||||||||||||
Requires Premium
Requires Premium
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2h - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted.
- Closure of Trading Window 24 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 2015
- Financial Results For The Quarter Ended December 31, 2025 14 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held On February 14, 2026
14 Feb - Approved unaudited Q3 (Dec 31, 2025) results; consolidated nine-month net profit Rs433.02 lakh; office shifted Feb 14, 2026.
Business Overview:[1]
SKL was the first listed company in the BSE SME segment for the manufacture of 100% brass parts. The company deals exclusively with
100% brass as its processing material and specializes in a range of products, including Brass Fittings, Brass Forging Equipment, Brass Transformer Parts, and a variety of Custom Brass Components.