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 ₹ 3,747 Cr.
- Current Price ₹ 24.0
- High / Low ₹ 33.5 / 15.0
- Stock P/E 166
- Book Value ₹ 9.08
- Dividend Yield 0.00 %
- ROCE 4.71 %
- ROE 1.98 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.64 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.70%
- The company has delivered a poor sales growth of -14.1% over past five years.
- Promoter holding is low: 33.9%
- Company has a low return on equity of -10.2% over last 3 years.
- Promoters have pledged 34.0% of their holding.
- Earnings include an other income of Rs.47.4 Cr.
- Company has high debtors of 195 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
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
Jun 2013 15m | Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,906 | 495 | 548 | 548 | 744 | 829 | 1,202 | 1,208 | 583 | 329 | 379 | 561 | 635 | |
1,652 | 753 | 615 | 519 | 736 | 813 | 1,139 | 1,149 | 641 | 366 | 435 | 527 | 598 | |
Operating Profit | 253 | -258 | -67 | 28 | 8 | 16 | 63 | 59 | -58 | -36 | -56 | 34 | 37 |
OPM % | 13% | -52% | -12% | 5% | 1% | 2% | 5% | 5% | -10% | -11% | -15% | 6% | 6% |
10 | 67 | 121 | 46 | 83 | 105 | 70 | -15 | 12 | -53 | 155 | 46 | 47 | |
Interest | 448 | 231 | 301 | 272 | 298 | 104 | 95 | 115 | 126 | 125 | 67 | 52 | 47 |
Depreciation | 23 | 4 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 |
Profit before tax | -208 | -426 | -253 | -204 | -213 | 11 | 31 | -77 | -178 | -221 | 25 | 23 | 32 |
Tax % | -21% | 3% | 0% | 0% | -35% | 118% | 3% | 0% | 1% | 19% | 119% | 0% | |
-269 | -506 | -266 | -204 | -137 | -2 | 31 | -77 | -179 | -264 | -5 | 23 | 23 | |
EPS in Rs | -51.20 | -96.44 | -25.99 | -5.22 | -1.24 | -0.02 | 0.27 | -0.67 | -1.56 | -2.29 | -0.03 | 0.15 | 0.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | -14% |
3 Years: | -1% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | -8% |
3 Years: | 29% |
TTM: | 365% |
Stock Price CAGR | |
---|---|
10 Years: | -4% |
5 Years: | 36% |
3 Years: | 47% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -9% |
3 Years: | -10% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 44 | 44 | 86 | 331 | 937 | 972 | 972 | 972 | 972 | 972 | 1,322 | 1,410 | 1,564 |
Reserves | 238 | -268 | -365 | 125 | 204 | 258 | 288 | 212 | 32 | -234 | -235 | -200 | -143 |
1,578 | 2,023 | 2,422 | 1,967 | 841 | 800 | 657 | 684 | 836 | 981 | 409 | 455 | 381 | |
623 | 587 | 484 | 528 | 883 | 1,121 | 1,055 | 735 | 577 | 505 | 506 | 544 | 630 | |
Total Liabilities | 2,484 | 2,387 | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,432 |
45 | 43 | 41 | 55 | 61 | 56 | 55 | 51 | 45 | 41 | 36 | 31 | 28 | |
CWIP | 9 | 27 | 29 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 282 | 17 | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
2,148 | 2,300 | 2,552 | 2,880 | 2,803 | 3,094 | 2,915 | 2,551 | 2,370 | 2,182 | 1,965 | 2,178 | 2,402 | |
Total Assets | 2,484 | 2,387 | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,432 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
700 | -376 | -299 | 12 | 28 | 302 | -7 | -50 | -72 | 21 | -121 | ||
-148 | 167 | 22 | -6 | 21 | -38 | 40 | 21 | 1 | 12 | -24 | ||
-880 | 218 | 306 | 35 | -81 | -257 | -52 | 25 | 68 | -6 | 130 | ||
Net Cash Flow | -327 | 8 | 29 | 42 | -32 | 7 | -19 | -4 | -3 | 27 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 112 | 181 | 168 | 194 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 |
Inventory Days | 861 | 195 | 679 | 421 | ||||||||
Days Payable | 1,089 | 519 | 1,895 | 1,894 | ||||||||
Cash Conversion Cycle | -116 | -142 | -1,048 | -1,280 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 |
Working Capital Days | 239 | 292 | 404 | 642 | 429 | 228 | 307 | 313 | 611 | 1,057 | 757 | 624 |
ROCE % | 13% | 2% | 6% | 4% | 6% | 7% | 5% | -2% | -2% | -3% | 5% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of The Meeting Of Board Of The Company Under Regulation 30 Of SEBI LODR
28 Nov - Conversion of CCDs into equity shares approved.
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Board Meeting Intimation for The Meeting Proposed To Be Held On November 28, 2024
25 Nov - Board meeting to discuss CCD conversion to equity shares.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Nov - Copies of newspaper advertisements for the Postal Ballot notice.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 20 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Copies of the newspaper advertisements containing un-audited financial results for the quarter ended September 30, 2024.
Annual reports
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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
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Financial Year 2012
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Financial Year 2011
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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: