SPA Capital Services Ltd
Incorporated in 1995, SPA Capital Services
Ltd provides Wealth Management and
Financial Advisory services[1]
- Market Cap ₹ 50.2 Cr.
- Current Price ₹ 163
- High / Low ₹ 181 / 69.6
- Stock P/E 103
- Book Value ₹ 55.3
- Dividend Yield 0.00 %
- ROCE 3.06 %
- ROE 2.93 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.43% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 155 days to 235 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
Financial Services Financial Services Finance Other Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
99.85 | 86.56 | 98.53 | 32.67 | 30.95 | 16.38 | 16.59 | 21.08 | 32.94 | |
96.72 | 82.20 | 94.88 | 30.59 | 30.92 | 15.43 | 15.80 | 20.30 | 31.53 | |
Operating Profit | 3.13 | 4.36 | 3.65 | 2.08 | 0.03 | 0.95 | 0.79 | 0.78 | 1.41 |
OPM % | 3.13% | 5.04% | 3.70% | 6.37% | 0.10% | 5.80% | 4.76% | 3.70% | 4.28% |
0.16 | 0.03 | -0.06 | 0.02 | 0.08 | 0.05 | 0.04 | -0.06 | 0.00 | |
Interest | 0.98 | 1.84 | 2.04 | 1.02 | 0.51 | 0.45 | 0.32 | 0.39 | 0.42 |
Depreciation | 0.59 | 0.50 | 0.46 | 0.40 | 0.31 | 0.20 | 0.17 | 0.13 | 0.19 |
Profit before tax | 1.72 | 2.05 | 1.09 | 0.68 | -0.71 | 0.35 | 0.34 | 0.20 | 0.80 |
Tax % | 31.98% | 34.15% | 47.71% | 77.94% | -30.99% | 34.29% | 20.59% | -95.00% | 38.75% |
1.16 | 1.35 | 0.57 | 0.16 | -0.49 | 0.23 | 0.27 | 0.38 | 0.49 | |
EPS in Rs | 13.21 | 4.39 | 1.85 | 0.52 | -1.59 | 0.75 | 0.88 | 1.24 | 1.59 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 26% |
TTM: | 56% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 29% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 141% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.88 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
Reserves | 14.64 | 13.79 | 14.19 | 13.41 | 12.55 | 12.78 | 13.05 | 13.43 | 13.93 |
12.16 | 31.40 | 14.06 | 25.27 | 23.08 | 23.67 | 21.73 | 24.47 | 21.89 | |
3.73 | 6.42 | 28.12 | 15.66 | 4.92 | 2.40 | 4.22 | 2.14 | 1.95 | |
Total Liabilities | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 |
2.00 | 1.68 | 1.69 | 1.22 | 0.83 | 0.69 | 0.50 | 0.55 | 2.14 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 |
Investments | 5.46 | 5.46 | 5.46 | 5.26 | 4.89 | 4.89 | 4.35 | 9.80 | 2.72 |
23.95 | 47.54 | 52.29 | 50.93 | 37.90 | 36.34 | 37.15 | 32.76 | 35.98 | |
Total Assets | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
-3.79 | -17.58 | -0.94 | -12.00 | 4.94 | 0.00 | 2.35 | 3.27 | -2.76 | |
0.51 | -0.19 | -0.82 | 0.84 | 0.01 | -0.06 | -0.04 | -5.62 | 5.73 | |
2.77 | 17.40 | 1.58 | 11.13 | -4.97 | 0.01 | -2.33 | 2.30 | -2.90 | |
Net Cash Flow | -0.51 | -0.37 | -0.18 | -0.03 | -0.02 | -0.05 | -0.02 | -0.04 | 0.07 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22.01 | 22.35 | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 23.55 | 22.27 |
Inventory Days | 1.94 | 342.30 | 0.00 | 0.00 | 0.00 | 0.00 | 812.40 | 490.00 | |
Days Payable | 26.80 | 44.04 | 50.88 | 12.65 | |||||
Cash Conversion Cycle | -2.85 | 320.61 | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 785.07 | 499.63 |
Working Capital Days | 67.01 | 168.50 | -84.72 | -94.18 | -10.38 | 24.29 | -32.56 | 261.80 | 235.13 |
ROCE % | 10.35% | 8.04% | 4.68% | -0.30% | 2.05% | 1.71% | 1.65% | 3.06% |
Documents
Announcements
- Closure of Trading Window 27 Jun
-
Appointment of Company Secretary and Compliance Officer
18 Jun - Appointment of Vaishnavi Sharma as Company Secretary & Compliance Officer effective April 17, 2025.
-
Board Comments On Fine Levied By BSE For The Quarter Ended 31St March, 2025
12 Jun - SPA Capital fined Rs. 8,000 by BSE for delayed investor complaint filing due to technical issues.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Submission of copy of Newspaper Advertisement w.r.t. Financial Results for the Quarter and Year ended 31st March, 2025
- Submission Of Audited Financial Results For The Quarter And Year Ended 31St March, 2025 29 May
Business Overview:[1][2]
a) SPACSL is the flagship company of the SPA Group.
b) It provides wealth management and financial advisory services to institutions, corporates, and individuals.
c) The company is a leading distributor of mutual funds in India, managing assets of approximately Rs. 40,000 crore.
d) SPACSL engages in leasing, hire-purchase, and industrial financing, along with managing investment pools, mutual funds, and handling the issuance of shares, stocks, and securities.
e) The company is registered as a Non-Systematically Important Non-Deposit Taking Non-Banking Financial Company.
f) It is also registered as a Mutual Fund Distributor/Advisor, holding AMFI (Association of Mutual Funds in India) certification.