Sprayking Ltd
Incorporated in 1980, Sprayking Agro Ltd is in the business of trading and exports of Brass items[1]
- Market Cap ₹ 52.5 Cr.
- Current Price ₹ 4.97
- High / Low ₹ 23.0 / 4.96
- Stock P/E 23.8
- Book Value ₹ 2.81
- Dividend Yield 0.00 %
- ROCE 8.69 %
- ROE 7.69 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 82.0 to 40.1 days.
- Company's working capital requirements have reduced from 260 days to 107 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 36.4%
- Company has a low return on equity of 9.69% over last 3 years.
- Promoter holding has decreased over last 3 years: -36.4%
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16.23 | 14.06 | 15.15 | 17.64 | 23.28 | 28.64 | 25.64 | 18.60 | 15.99 | 19.33 | 31.14 | 61.95 | |
15.48 | 13.01 | 14.10 | 16.78 | 22.52 | 27.67 | 25.45 | 19.06 | 15.51 | 16.68 | 26.80 | 58.23 | |
Operating Profit | 0.75 | 1.05 | 1.05 | 0.86 | 0.76 | 0.97 | 0.19 | -0.46 | 0.48 | 2.65 | 4.34 | 3.72 |
OPM % | 4.62% | 7.47% | 6.93% | 4.88% | 3.26% | 3.39% | 0.74% | -2.47% | 3.00% | 13.71% | 13.94% | 6.00% |
0.17 | 0.29 | 0.22 | 0.54 | 0.61 | 0.40 | 0.85 | 1.90 | 0.01 | 0.00 | 0.30 | 0.91 | |
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 |
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 |
Profit before tax | 0.11 | 0.05 | 0.08 | 0.11 | 0.14 | 0.19 | 0.05 | 0.88 | 0.47 | 2.43 | 3.82 | 2.82 |
Tax % | 27.27% | 20.00% | 25.00% | 27.27% | 21.43% | 31.58% | 20.00% | 29.55% | 25.53% | 25.51% | 22.77% | 21.63% |
0.07 | 0.04 | 0.05 | 0.08 | 0.12 | 0.13 | 0.03 | 0.62 | 0.35 | 1.81 | 2.96 | 2.21 | |
EPS in Rs | 0.05 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.06 | 0.03 | 0.17 | 0.28 | 0.21 |
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: | 19% |
3 Years: | 57% |
TTM: | 99% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 136% |
3 Years: | 85% |
TTM: | -25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 57% |
1 Year: | -73% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 10% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.38 | 0.38 | 2.28 | 3.17 | 3.17 | 3.17 | 3.17 | 3.17 | 3.17 | 6.34 | 10.57 | 10.57 |
Reserves | 1.50 | 1.53 | 3.63 | 4.69 | 4.79 | 4.93 | 4.96 | 5.58 | 5.93 | 18.51 | 17.24 | 19.08 |
7.07 | 9.42 | 7.92 | 5.82 | 6.84 | 6.40 | 5.03 | 0.36 | 0.00 | 1.30 | 6.75 | 17.95 | |
4.27 | 1.18 | 0.60 | 3.27 | 1.75 | 0.73 | 0.45 | 0.70 | 2.60 | 0.68 | 20.59 | 3.44 | |
Total Liabilities | 13.22 | 12.51 | 14.43 | 16.95 | 16.55 | 15.23 | 13.61 | 9.81 | 11.70 | 26.83 | 55.15 | 51.04 |
4.02 | 3.45 | 3.62 | 3.44 | 3.29 | 2.89 | 2.36 | 0.15 | 0.24 | 0.55 | 6.06 | 11.19 | |
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 |
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 |
9.20 | 9.06 | 10.81 | 13.51 | 13.26 | 12.34 | 11.25 | 9.66 | 11.46 | 26.28 | 42.98 | 33.69 | |
Total Assets | 13.22 | 12.51 | 14.43 | 16.95 | 16.55 | 15.23 | 13.61 | 9.81 | 11.70 | 26.83 | 55.15 | 51.04 |
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 | 8.02 | -5.43 | |
-1.55 | -0.15 | -0.96 | -0.84 | -0.29 | 0.11 | 0.30 | 3.78 | -0.35 | -12.69 | -11.68 | -6.18 | |
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 | 1.42 | -1.16 |
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 | 40.06 |
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 | 83.21 |
Working Capital Days | 108.40 | 122.01 | 145.52 | 121.67 | 85.29 | 72.01 | 84.42 | 167.19 | 189.92 | 455.64 | 219.07 | 106.52 |
ROCE % | 6.77% | 5.62% | 4.77% | 5.45% | 5.41% | 5.73% | 4.27% | -1.17% | 5.16% | 14.41% | 13.80% | 8.69% |
Documents
Announcements
- Corporate Action - Sprayking Limited Fixes Record Date For Stock Split As August 12, 2025 29 Jul
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday July 29, 2025
29 Jul - Approved Rs.7 Cr rights issue in subsidiary, loan conversion, and 1:2 share split with Aug 12 record date.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
29 Jul - Shareholders approved stock split and authorised capital increase to Rs. 66 Cr on July 26, 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
29 Jul - Scrutinizer's report: All postal ballot resolutions on stock split, capital increase, and rights issue approved.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Jul - Sprayking expands into non-metal plumbing products, investing in new machinery to target global markets.
Business Overview:[1]
Company manufactures brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components. It specializes in manufacturing of copper forging products and is in the business of manufacturing and trading of agricultural sprayer parts & garden fittings, extruded brass rods, brass fittings & lead free brass fittings and forging specialty