Sprayking Ltd
Incorporated in 1980, Sprayking Agro Ltd is in the business of trading and exports of Brass items[1]
- Market Cap ₹ 62.9 Cr.
- Current Price ₹ 5.95
- High / Low ₹ 23.0 / 5.36
- Stock P/E 28.4
- 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.
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: | 61% |
1 Year: | -69% |
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 | 180.68 | 212.74 | 180.22 | 158.35 | 132.41 | 139.51 | 174.26 | 189.92 | 477.92 | 248.14 | 177.11 |
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
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Jun - Newspaper Clippings - Notice of Postal Ballot
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Jun - Sprayking received Rs. 5 million domestic order for chrome plated metal parts, execution within 12 months.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 26 Jun
- Closure of Trading Window 24 Jun
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Jun - Sprayking receives Rs. 5 million order for brass plating; Rs. 1 million advance paid.
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