SEPC Ltd
SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority owned by Mark AB since September 2022 post infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process and metallurgy, and infrastructure segments.[1]
- Market Cap ₹ 2,059 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 31.5 / 10.9
- Stock P/E 44.7
- Book Value ₹ 7.76
- Dividend Yield 0.00 %
- ROCE 5.31 %
- ROE 2.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 40.3% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -6.01%
- Promoter holding is low: 27.4%
- Company has a low return on equity of -1.40% over last 3 years.
- Promoters have pledged or encumbered 34.0% of their holding.
- Earnings include an other income of Rs.33.6 Cr.
- Company has high debtors of 225 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
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
495 | 548 | 548 | 744 | 829 | 1,202 | 1,208 | 583 | 329 | 379 | 561 | 598 | 624 | |
753 | 615 | 519 | 736 | 813 | 1,139 | 1,149 | 641 | 366 | 435 | 527 | 547 | 569 | |
Operating Profit | -258 | -67 | 28 | 8 | 16 | 63 | 59 | -58 | -36 | -56 | 34 | 51 | 55 |
OPM % | -52% | -12% | 5% | 1% | 2% | 5% | 5% | -10% | -11% | -15% | 6% | 8% | 9% |
67 | 121 | 46 | 83 | 105 | 70 | -15 | 12 | -53 | 155 | 46 | 34 | 34 | |
Interest | 231 | 301 | 272 | 298 | 104 | 95 | 115 | 126 | 125 | 67 | 52 | 45 | 42 |
Depreciation | 4 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 |
Profit before tax | -426 | -253 | -204 | -213 | 11 | 31 | -77 | -178 | -221 | 25 | 23 | 35 | 42 |
Tax % | 3% | 0% | 0% | -35% | 118% | 3% | 0% | 1% | 19% | 119% | 0% | 29% | |
-506 | -266 | -204 | -137 | -2 | 31 | -77 | -179 | -264 | -5 | 23 | 25 | 33 | |
EPS in Rs | -79.11 | -21.32 | -4.28 | -1.02 | -0.01 | 0.22 | -0.55 | -1.28 | -1.88 | -0.03 | 0.12 | 0.13 | 0.17 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | -13% |
3 Years: | 22% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 40% |
3 Years: | 30% |
TTM: | 78% |
Stock Price CAGR | |
---|---|
10 Years: | -8% |
5 Years: | 27% |
3 Years: | 13% |
1 Year: | -60% |
Return on Equity | |
---|---|
10 Years: | -7% |
5 Years: | -8% |
3 Years: | -1% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 44 | 86 | 331 | 937 | 972 | 972 | 972 | 972 | 972 | 1,322 | 1,410 | 1,564 |
Reserves | -268 | -365 | 125 | 204 | 258 | 288 | 212 | 32 | -234 | -235 | -200 | -58 |
2,023 | 2,422 | 1,967 | 841 | 800 | 657 | 684 | 836 | 981 | 409 | 455 | 358 | |
587 | 484 | 528 | 883 | 1,121 | 1,055 | 735 | 577 | 505 | 506 | 544 | 523 | |
Total Liabilities | 2,387 | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,387 |
43 | 41 | 55 | 61 | 56 | 55 | 51 | 45 | 41 | 36 | 31 | 26 | |
CWIP | 27 | 29 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 17 | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
2,300 | 2,552 | 2,880 | 2,803 | 3,094 | 2,915 | 2,551 | 2,370 | 2,182 | 1,965 | 2,178 | 2,361 | |
Total Assets | 2,387 | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,387 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-376 | -299 | 12 | 28 | 302 | -7 | -50 | -72 | 21 | -121 | -133 | ||
167 | 22 | -6 | 21 | -38 | 40 | 21 | 1 | 12 | -24 | 4 | ||
218 | 306 | 35 | -81 | -257 | -52 | 25 | 68 | -6 | 130 | 118 | ||
Net Cash Flow | 8 | 29 | 42 | -32 | 7 | -19 | -4 | -3 | 27 | -15 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 181 | 168 | 194 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 | 225 |
Inventory Days | 195 | 679 | 421 | 0 | ||||||||
Days Payable | 519 | 1,895 | 1,894 | |||||||||
Cash Conversion Cycle | -142 | -1,048 | -1,280 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 | 225 |
Working Capital Days | -816 | 125 | 339 | 188 | 3 | 177 | 177 | 213 | 143 | 621 | 523 | 623 |
ROCE % | 2% | 6% | 4% | 6% | 7% | 5% | -2% | -2% | -3% | 5% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
9 Sep - Infomerics assigned BBB- investment-grade rating for SEPC's banking facilities on 08-09-2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Sep - Copies of the Newspaper advertisements towards conducting the 25th Annual General Meeting of the Company, E-voting and Book closure. Detailed letter is enclosed.
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Business Responsibility and Sustainability Reporting (BRSR)
5 Sep - SEPC submits FY2024-25 Business Responsibility & Sustainability Report (BRSR), dated September 5, 2025.
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Reg. 34 (1) Annual Report.
5 Sep - Annual report and AGM notice; SAR893m Saudi framework, INR650Cr solar, INR182Cr water, INR350Cr rights issue.
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Notice Of 25Th Annual General Meeting Of The Company For The Financial Year 2024-25
5 Sep - Annual report and AGM notice; SAR893m Saudi contract, INR650cr solar, INR350cr rights issue (first INR175cr collected), AGM Sept29,2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2012
from bse
Service Offerings
The company is an engineering, procurement, and construction, commissioning end-to-end solutions provider offering multi-disciplinary services and project management solutions across 2 business areas: