Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd

₹ 36.8 -0.54%
22 Feb 1:59 p.m.
About

Incorporated in 2010, Spacenet Enterprises Ltd is in the business of trading of commodities and providing Information technology related services

Key Points

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

  • Market Cap 2,016 Cr.
  • Current Price 36.8
  • High / Low 39.4 / 14.2
  • Stock P/E 280
  • 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 34.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.45%
  • Promoter holding is low: 16.1%

* 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3.16 1.80 1.53 4.15 11.31 23.06 19.45 57.69 39.10 25.88 20.80 24.06 17.74
3.58 2.58 1.99 4.06 11.15 22.32 19.30 57.23 38.24 24.54 18.40 21.57 16.51
Operating Profit -0.42 -0.78 -0.46 0.09 0.16 0.74 0.15 0.46 0.86 1.34 2.40 2.49 1.23
OPM % -13.29% -43.33% -30.07% 2.17% 1.41% 3.21% 0.77% 0.80% 2.20% 5.18% 11.54% 10.35% 6.93%
0.56 0.67 0.00 0.04 0.07 0.38 0.27 0.09 0.02 0.03 0.10 0.00 0.01
Interest 0.04 0.15 0.00 0.00 0.01 0.01 0.01 0.02 0.13 0.16 0.00 0.00 0.01
Depreciation 0.00 0.09 0.01 0.02 0.05 0.04 0.04 0.05 0.05 0.05 0.05 0.06 0.06
Profit before tax 0.10 -0.35 -0.47 0.11 0.17 1.07 0.37 0.48 0.70 1.16 2.45 2.43 1.17
Tax % 0.00% 2.86% 0.00% 9.09% -11.76% 11.21% 0.00% -22.92% 0.00% 0.00% 0.00% 0.00% 0.00%
0.10 -0.34 -0.47 0.11 0.19 0.95 0.37 0.59 0.70 1.15 2.45 2.43 1.16
EPS in Rs 0.02 -0.02 -0.03 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.05 0.05 0.02
Raw PDF

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: 110%
3 Years: 171%
1 Year: 93%
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%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents