Spacenet Enterprises India Ltd

₹ 4.28 -1.61%

24 Apr - close price

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

Website NSE

Market Cap ₹ 243 Cr.
Current Price ₹ 4.28
High / Low ₹ 11.2 / 3.00
Stock P/E 103
Book Value ₹ 2.52
Dividend Yield 0.00 %
ROCE 3.40 %
ROE 2.52 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 15.5%
Company has a low return on equity of 5.42% over last 3 years.
Earnings include an other income of Rs.2.82 Cr.
Debtor days have increased from 90.6 to 110 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

Services Services Commercial Services & Supplies Trading & Distributors

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	39.10	25.88	20.80	24.06	17.74	40.09	26.50	26.30	28.31	20.70	26.93	24.00	26.04
	38.24	24.54	18.40	21.57	16.51	38.95	24.47	25.01	27.65	20.65	26.49	24.63	24.99
Operating Profit	0.86	1.34	2.40	2.49	1.23	1.14	2.03	1.29	0.66	0.05	0.44	-0.63	1.05
OPM %	2.20%	5.18%	11.54%	10.35%	6.93%	2.84%	7.66%	4.90%	2.33%	0.24%	1.63%	-2.62%	4.03%
	0.02	0.03	0.10	0.00	0.01	0.22	0.06	0.07	0.03	0.20	0.01	2.48	0.13
Interest	0.13	0.16	0.00	0.00	0.01	0.01	0.01	0.01	0.02	0.03	0.02	0.03	0.06
Depreciation	0.05	0.05	0.05	0.06	0.06	0.07	0.07	0.07	0.09	0.09	0.10	0.18	0.18
Profit before tax	0.70	1.16	2.45	2.43	1.17	1.28	2.01	1.28	0.58	0.13	0.33	1.64	0.94
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	9.38%	23.38%	29.69%	20.69%	23.08%	21.21%	29.27%	13.83%
	0.70	1.15	2.45	2.43	1.16	1.16	1.55	0.91	0.46	0.10	0.27	1.17	0.81
EPS in Rs	0.01	0.02	0.05	0.05	0.02	0.02	0.03	0.02	0.01	0.00	0.00	0.02	0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	6.24	3.37	0.74	1.45	0.00	0.53	3.19	8.71	40.05	142.11	102.69	101.81	97.67
	5.57	2.70	1.75	4.87	0.26	0.67	8.38	10.42	39.52	139.30	95.33	97.75	96.76
Operating Profit	0.67	0.67	-1.01	-3.42	-0.26	-0.14	-5.19	-1.71	0.53	2.81	7.36	4.06	0.91
OPM %	10.74%	19.88%	-136.49%	-235.86%		-26.42%	-162.70%	-19.63%	1.32%	1.98%	7.17%	3.99%	0.93%
	0.12	0.10	0.03	0.28	0.35	0.11	0.00	1.24	0.49	0.42	0.32	0.34	2.82
Interest	0.76	0.66	0.66	0.25	0.00	0.00	0.00	0.21	0.02	0.33	0.11	0.07	0.14
Depreciation	0.04	0.05	0.05	0.08	0.01	0.01	0.01	0.10	0.12	0.19	0.24	0.31	0.55
Profit before tax	-0.01	0.06	-1.69	-3.47	0.08	-0.04	-5.20	-0.78	0.88	2.71	7.33	4.02	3.04
Tax %	0.00%	0.00%	0.00%	0.86%	0.00%	0.00%	0.00%	-1.28%	13.64%	-4.06%	1.64%	24.88%
	-0.01	0.06	-1.69	-3.50	0.08	-0.03	-5.19	-0.77	0.76	2.81	7.20	3.01	2.35
EPS in Rs	-0.00	0.01	-0.34	-0.71	0.02	-0.01	-1.06	-0.05	0.01	0.05	0.13	0.05	0.03
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:	41%
5 Years:	100%
3 Years:	36%
TTM:	-19%

Compounded Profit Growth
10 Years:	48%
5 Years:	21%
3 Years:	58%
TTM:	-42%

Stock Price CAGR
10 Years:	%
5 Years:	19%
3 Years:	-36%
1 Year:	-50%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	5%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	49.02	49.02	49.02	4.90	4.90	4.90	4.90	15.82	53.04	53.37	54.92	56.47	56.61
Reserves	-54.03	-53.99	-55.68	-23.95	-15.25	-15.29	-20.48	-19.51	-18.75	-0.44	46.00	81.61	86.10
	8.99	8.82	9.94	12.67	6.90	6.83	15.24	16.32	2.39	0.00	0.31	1.12	1.01
	1.84	2.33	2.15	10.78	3.64	3.75	1.62	1.19	11.87	23.25	3.04	12.46	30.47
Total Liabilities	5.82	6.18	5.43	4.40	0.19	0.19	1.28	13.82	48.55	76.18	104.27	151.66	174.19
	0.19	0.20	0.14	0.09	0.06	0.03	0.09	0.10	0.62	0.56	0.77	1.43	2.51
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38	3.61	3.61
Investments	5.11	5.11	5.11	0.00	0.00	0.00	0.00	0.00	13.97	29.31	67.27	99.87	101.68
	0.52	0.87	0.18	4.31	0.13	0.16	1.19	13.72	33.96	46.31	35.85	46.75	66.39
Total Assets	5.82	6.18	5.43	4.40	0.19	0.19	1.28	13.82	48.55	76.18	104.27	151.66	174.19

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2.63	0.77	-0.46	-0.30	0.41	-0.04	-8.28	-13.09	-3.75	-3.52	1.11	2.76
	-0.21	-0.07	0.00	0.01	0.00	0.02	-0.07	-0.11	-16.37	-10.59	-38.72	-36.65
	-2.31	-0.80	0.46	0.27	-0.36	-0.07	8.41	13.55	23.28	12.42	40.99	29.93
Net Cash Flow	0.11	-0.10	0.00	-0.01	0.06	-0.09	0.06	0.35	3.16	-1.69	3.38	-3.96
Free Cash Flow	2.42	0.70	-0.46	-0.31	0.41	-0.04	-8.28	-13.19	-4.32	-3.60	0.27	-1.43
CFO/OP	393%	115%	46%	8%	-158%	29%	160%	766%	-708%	-125%	15%	68%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	10.53	73.65	0.00	526.10	0.00	52.63	4.61	207.06	94.29	66.89	110.46
Inventory Days							0.00	0.00	0.03	1.64	0.82
Days Payable									45.93	8.26	43.79
Cash Conversion Cycle	10.53	73.65	0.00	526.10	0.00	52.63	4.61	207.06	48.39	60.27	67.49
Working Capital Days	-90.08	-166.80	-1,025.95	88.10	-2,575.66	-64.08	-29.75	133.42	54.22	96.96	116.73
ROCE %	15.72%	18.39%	-28.89%				-8.95%	3.65%	6.78%	9.65%	3.40%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Capital Work-in-Progress (CWIP)
INR Lakhs

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Software Intangible Assets (Net)
INR Lakhs

Total Shareholders
Number

Permanent Employee Headcount
Number

Employee Turnover Rate
Percentage

Number of Dealers/Distributors
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	16.51%	16.51%	16.06%	16.04%	15.87%	15.67%	15.61%	15.60%	15.60%	15.56%	15.56%	15.52%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	1.22%	1.19%	1.92%	1.92%	1.66%	1.65%
	83.49%	83.49%	83.94%	83.96%	84.13%	83.96%	83.17%	83.20%	82.47%	82.52%	82.78%	82.83%
No. of Shareholders	22,697	26,044	27,717	29,885	33,136	49,484	48,780	51,915	51,757	52,924	52,521	52,379

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20.53%	13.54%	18.98%	18.98%	57.39%	16.61%	16.51%	16.04%	15.60%	15.52%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.19%	1.65%
	16.60%	5.78%	5.78%	5.78%	1.79%	0.53%	0.00%	0.00%	0.00%	0.00%
	62.87%	80.69%	75.24%	75.24%	40.82%	82.85%	83.49%	83.96%	83.20%	82.83%
No. of Shareholders	17,895	17,878	17,851	17,580	17,296	17,011	22,431	29,885	51,915	52,379

* 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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Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd

Peer comparison

Quarterly Results

Profit & Loss

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Shareholding Pattern

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