SEPC Ltd

SEPC Ltd

₹ 23.0 0.22%
23 Feb - close price
About

SEPC Limited provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services. It is focused on providing turnkey solutions in
Process & Metallurgy, Power, Water
Infrastructure, Mining & Mineral Processing. SEPC is a high-end engineering services company providing EPC and turnkey solutions.[1]

Key Points

Services

  • Market Cap 3,243 Cr.
  • Current Price 23.0
  • High / Low 27.7 / 7.38
  • Stock P/E
  • Book Value 8.14
  • Dividend Yield 0.00 %
  • ROCE -2.62 %
  • ROE -12.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.83 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.5% over past five years.
  • Promoter holding is low: 27.8%
  • Company has a low return on equity of -17.0% over last 3 years.
  • Earnings include an other income of Rs.40.2 Cr.
  • Company has high debtors of 281 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
124.58 177.52 66.56 81.05 89.45 92.39 59.24 54.93 122.45 142.23 143.28 129.18 140.70
163.22 200.59 77.14 88.97 117.43 93.01 70.79 136.37 108.67 129.33 130.51 120.69 142.56
Operating Profit -38.64 -23.07 -10.58 -7.92 -27.98 -0.62 -11.55 -81.44 13.78 12.90 12.77 8.49 -1.86
OPM % -31.02% -13.00% -15.90% -9.77% -31.28% -0.67% -19.50% -148.26% 11.25% 9.07% 8.91% 6.57% -1.32%
7.19 -8.16 3.40 11.99 -7.51 -61.56 9.31 136.55 4.42 7.90 2.58 9.60 20.11
Interest 27.59 25.36 26.95 28.96 29.82 28.79 27.23 11.55 12.28 9.34 9.08 11.11 11.40
Depreciation 1.38 1.38 1.35 1.34 1.33 1.60 1.37 1.36 2.03 1.39 1.34 1.33 1.32
Profit before tax -60.42 -57.97 -35.48 -26.23 -66.64 -92.57 -30.84 42.20 3.89 10.07 4.93 5.65 5.53
Tax % -0.13% -1.36% 0.00% 0.00% 0.00% -46.21% 0.00% 0.00% 0.00% 300.10% 0.00% 0.00% 0.00%
-60.51 -58.76 -35.48 -26.23 -66.64 -135.35 -30.85 42.20 3.89 -20.15 4.93 5.65 5.53
EPS in Rs -0.58 -0.57 -0.34 -0.25 -0.64 -1.31 -0.24 0.30 0.03 -0.14 0.03 0.04 0.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,862 1,906 495 548 548 744 829 1,202 1,208 583 329 379 555
1,614 1,652 753 615 519 736 813 1,139 1,149 641 366 435 523
Operating Profit 248 253 -258 -67 28 8 16 63 59 -58 -36 -56 32
OPM % 13% 13% -52% -12% 5% 1% 2% 5% 5% -10% -11% -15% 6%
26 10 67 121 46 83 105 70 -15 12 -53 155 40
Interest 227 448 231 301 272 298 104 95 115 126 125 67 41
Depreciation 20 23 4 6 7 6 6 6 6 6 6 6 5
Profit before tax 28 -208 -426 -253 -204 -213 11 31 -77 -178 -221 25 26
Tax % 54% 21% -3% -0% 0% 35% 118% 3% 0% -1% -19% 119%
42 -269 -506 -266 -204 -137 -2 31 -77 -179 -264 -5 -4
EPS in Rs 8.78 -56.83 -107.04 -28.81 -5.79 -1.38 -0.02 0.30 -0.75 -1.73 -2.54 -0.03 -0.03
Dividend Payout % 13% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -14%
3 Years: -32%
TTM: 69%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 98%
Stock Price CAGR
10 Years: -1%
5 Years: 24%
3 Years: 71%
1 Year: 66%
Return on Equity
10 Years: %
5 Years: -9%
3 Years: -17%
Last Year: -12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 44 44 44 86 331 937 972 972 972 972 972 1,322 1,371
Reserves 688 238 -268 -365 125 204 258 288 212 32 -234 -235 -224
Preference Capital 0 0 300 300 0 0 0 0 0 0 0 0
2,054 1,578 1,723 2,122 1,967 841 800 657 684 836 981 409 422
1,140 623 887 784 528 883 1,121 1,055 735 577 505 506 539
Total Liabilities 3,927 2,484 2,387 2,627 2,951 2,865 3,151 2,971 2,603 2,416 2,223 2,002 2,108
218 45 43 41 55 61 56 55 51 45 41 36 34
CWIP 5 9 27 29 10 0 0 0 0 0 0 0 0
Investments 416 282 17 5 5 1 1 1 1 1 1 0 1
3,288 2,148 2,300 2,552 2,880 2,803 3,094 2,915 2,551 2,370 2,182 1,965 2,074
Total Assets 3,927 2,484 2,387 2,627 2,951 2,865 3,151 2,971 2,603 2,416 2,223 2,002 2,108

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-511 700 -376 -299 12 28 302 -7 -50 -72 21
-22 -148 167 22 -6 21 -38 40 21 1 12
469 -880 218 306 35 -81 -257 -52 25 68 -6
Net Cash Flow -63 -327 8 29 42 -32 7 -19 -4 -3 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 279 112 181 168 194 237 160 147 145 252 413 281
Inventory Days 435 861 195 679 421
Days Payable 684 1,089 519 1,895 1,894
Cash Conversion Cycle 29 -116 -142 -1,048 -1,280 237 160 147 145 252 413 281
Working Capital Days 323 239 292 404 642 429 228 307 313 611 1,057 756
ROCE % 11% 13% 2% 6% 4% 6% 7% 5% -2% -2% -3%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
28.76% 28.76% 28.76% 28.76% 28.76% 22.82% 47.62% 47.62% 31.08% 26.66% 27.75% 27.75%
0.00% 0.00% 0.00% 0.00% 0.20% 0.22% 0.20% 0.16% 0.19% 0.21% 0.34% 0.42%
64.30% 61.14% 58.28% 56.76% 55.53% 44.02% 40.79% 40.79% 40.79% 39.30% 37.53% 26.58%
6.94% 10.10% 12.96% 14.48% 15.51% 32.95% 11.38% 11.42% 27.94% 33.82% 34.38% 45.24%
No. of Shareholders 25,11834,54535,15743,73957,90353,71751,59250,91250,28554,82882,0431,28,326

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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