Spacenet Enterprises India Ltd
Incorporated in 2010, Spacenet Enterprises Ltd is in the business of trading of commodities and providing Information technology related services
- Market Cap ₹ 1,494 Cr.
- Current Price ₹ 27.2
- High / Low ₹ 39.4 / 14.6
- Stock P/E 208
- Book Value ₹ 1.06
- Dividend Yield 0.00 %
- ROCE 8.13 %
- ROE 7.76 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 104% CAGR over last 5 years
Cons
- Stock is trading at 25.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 16.0%
- Promoter holding has decreased over last 3 years: -41.4%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3.06 | 3.43 | 6.24 | 3.37 | 0.74 | 1.45 | 0.00 | 0.53 | 3.19 | 8.71 | 40.05 | 142.11 | 88.48 | |
67.72 | 2.98 | 5.57 | 2.70 | 1.75 | 4.87 | 0.26 | 0.67 | 8.38 | 10.42 | 39.52 | 139.30 | 81.02 | |
Operating Profit | -64.66 | 0.45 | 0.67 | 0.67 | -1.01 | -3.42 | -0.26 | -0.14 | -5.19 | -1.71 | 0.53 | 2.81 | 7.46 |
OPM % | -2,113.07% | 13.12% | 10.74% | 19.88% | -136.49% | -235.86% | -26.42% | -162.70% | -19.63% | 1.32% | 1.98% | 8.43% | |
0.28 | -0.10 | 0.12 | 0.10 | 0.03 | 0.28 | 0.35 | 0.11 | 0.00 | 1.24 | 0.49 | 0.42 | 0.14 | |
Interest | 0.83 | 0.83 | 0.76 | 0.66 | 0.66 | 0.25 | 0.00 | 0.00 | 0.00 | 0.21 | 0.02 | 0.33 | 0.17 |
Depreciation | 0.34 | 0.06 | 0.04 | 0.05 | 0.05 | 0.08 | 0.01 | 0.01 | 0.01 | 0.10 | 0.12 | 0.19 | 0.22 |
Profit before tax | -65.55 | -0.54 | -0.01 | 0.06 | -1.69 | -3.47 | 0.08 | -0.04 | -5.20 | -0.78 | 0.88 | 2.71 | 7.21 |
Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.86% | 0.00% | 0.00% | 0.00% | 1.28% | 13.64% | -4.06% | |
-65.55 | -0.54 | -0.01 | 0.06 | -1.69 | -3.50 | 0.08 | -0.03 | -5.19 | -0.77 | 0.76 | 2.81 | 7.19 | |
EPS in Rs | -0.00 | 0.01 | -0.34 | -0.71 | 0.02 | -0.01 | -1.06 | -0.05 | 0.01 | 0.05 | 0.14 | ||
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: | 45% |
5 Years: | % |
3 Years: | 255% |
TTM: | -36% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 104% |
3 Years: | 36% |
TTM: | 175% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 94% |
3 Years: | 147% |
1 Year: | 81% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 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 | 0.05 | 49.02 | 49.02 | 49.02 | 49.02 | 4.90 | 4.90 | 4.90 | 4.90 | 15.82 | 53.04 | 53.37 | 53.37 |
Reserves | -4.46 | -54.02 | -54.03 | -53.99 | -55.68 | -23.95 | -15.25 | -15.29 | -20.48 | -19.51 | -18.75 | -15.24 | 4.74 |
10.51 | 10.56 | 8.99 | 8.82 | 9.94 | 12.67 | 6.90 | 6.83 | 15.24 | 16.32 | 2.39 | 0.00 | 0.34 | |
2.40 | 1.53 | 1.84 | 2.33 | 2.15 | 10.78 | 3.64 | 3.75 | 1.62 | 1.19 | 11.87 | 38.05 | 17.42 | |
Total Liabilities | 8.50 | 7.09 | 5.82 | 6.18 | 5.43 | 4.40 | 0.19 | 0.19 | 1.28 | 13.82 | 48.55 | 76.18 | 75.87 |
0.67 | 0.12 | 0.19 | 0.20 | 0.14 | 0.09 | 0.06 | 0.03 | 0.09 | 0.10 | 0.62 | 0.56 | 0.89 | |
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 | 0.00 |
Investments | 5.16 | 5.11 | 5.11 | 5.11 | 5.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.97 | 29.31 | 30.59 |
2.67 | 1.86 | 0.52 | 0.87 | 0.18 | 4.31 | 0.13 | 0.16 | 1.19 | 13.72 | 33.96 | 46.31 | 44.39 | |
Total Assets | 8.50 | 7.09 | 5.82 | 6.18 | 5.43 | 4.40 | 0.19 | 0.19 | 1.28 | 13.82 | 48.55 | 76.18 | 75.87 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.57 | 0.34 | 2.63 | 0.77 | -0.46 | -0.30 | 0.41 | -0.04 | -8.28 | -13.09 | -3.75 | -3.52 | |
0.02 | 0.24 | -0.21 | -0.07 | 0.00 | 0.01 | 0.00 | 0.02 | -0.07 | -0.11 | -16.37 | -10.59 | |
-1.44 | -0.78 | -2.31 | -0.80 | 0.46 | 0.27 | -0.36 | -0.07 | 8.41 | 13.55 | 23.28 | 12.42 | |
Net Cash Flow | 0.15 | -0.20 | 0.11 | -0.10 | 0.00 | -0.01 | 0.06 | -0.09 | 0.06 | 0.35 | 3.16 | -1.69 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 261.23 | 173.45 | 10.53 | 73.65 | 0.00 | 526.10 | 0.00 | 52.63 | 4.61 | 207.06 | 94.29 | |
Inventory Days | 0.00 | 0.00 | 0.03 | |||||||||
Days Payable | 45.93 | |||||||||||
Cash Conversion Cycle | 261.23 | 173.45 | 10.53 | 73.65 | 0.00 | 526.10 | 0.00 | 52.63 | 4.61 | 207.06 | 48.39 | |
Working Capital Days | -14.31 | 25.54 | -90.08 | -166.80 | -1,025.95 | 88.10 | -2,575.66 | -64.08 | -29.75 | 150.47 | 54.32 | |
ROCE % | -2,104.72% | 9.26% | 15.72% | 18.39% | -28.89% | -8.95% | 3.65% | 8.13% |
Business Overview:[1][2]
Spacenet is a FinTech company specialized
in Trade, Trade Finance empowering Traders, SME's, MSME's, Trade channels. It does development of Software tools and platforms providing commodities trading tools and
to invest, acquire, deal in gold, agricultural, finished or unfinished goods and to take delivery and hold them and also engaged in the business of Trade finance and Fin-tech and Trade Tech