Spacenet Enterprises India Ltd

₹ 3.10 -5.20%

30 Mar 2:39 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

Website NSE

Market Cap ₹ 176 Cr.
Current Price ₹ 3.10
High / Low ₹ 11.2 / 3.02
Stock P/E 11.0
Book Value ₹ 2.91
Dividend Yield 0.00 %
ROCE 10.0 %
ROE 9.29 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Stock is trading at 1.09 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 15.6%
Tax rate seems low
Company has a low return on equity of 9.98% over last 3 years.
Earnings include an other income of Rs.5.17 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

	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	28.30	21.97	28.99	29.53	47.72	34.44	45.06	38.83	38.73	53.39	48.42	47.63
	38.25	27.02	19.51	26.19	25.72	45.97	31.19	40.99	37.17	34.14	48.96	44.91	44.69
Operating Profit	0.85	1.28	2.46	2.80	3.81	1.75	3.25	4.07	1.66	4.59	4.43	3.51	2.94
OPM %	2.17%	4.52%	11.20%	9.66%	12.90%	3.67%	9.44%	9.03%	4.28%	11.85%	8.30%	7.25%	6.17%
	0.02	0.03	0.10	0.02	0.01	0.22	0.06	0.07	0.03	0.88	0.10	2.94	1.25
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	0.06	0.07	0.06	0.07	0.07	0.14	0.26	0.27	0.29	0.53	0.60	0.70	0.88
Profit before tax	0.68	1.08	2.50	2.75	3.74	1.82	3.04	3.86	1.38	4.91	3.91	5.72	3.25
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	7.14%	15.46%	9.84%	8.70%	1.22%	1.79%	12.41%	4.00%
	0.67	1.09	2.50	2.75	3.74	1.69	2.57	3.49	1.26	4.85	3.84	5.01	3.11
EPS in Rs	0.01	0.02	0.05	0.05	0.06	0.03	0.05	0.06	0.02	0.08	0.07	0.09	0.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	106	27	37	61	11	1	0	43	145	128	157	188
	150	35	42	66	21	5	1	43	142	117	143	173
Operating Profit	-44	-8	-5	-5	-10	-3	-0	0	3	11	14	15
OPM %	-41%	-30%	-14%	-8%	-93%	-236%	-86%	1%	2%	9%	9%	8%
	2	1	1	0	0	0	6	1	0	0	1	5
Interest	2	2	2	2	1	0	0	0	0	0	0	0
Depreciation	2	1	0	0	0	0	0	0	0	0	1	3
Profit before tax	-45	-11	-6	-7	-10	-3	5	1	3	11	13	18
Tax %	4%	0%	1%	0%	0%	1%	0%	16%	-4%	1%	8%
	-47	-11	-6	-7	-10	-4	5	1	3	11	12	17
EPS in Rs			-1.29	-1.40	-2.13	-0.71	1.01	0.01	0.05	0.19	0.21	0.29
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	10%
5 Years:	%
3 Years:	54%
TTM:	13%

Compounded Profit Growth
10 Years:	14%
5 Years:	%
3 Years:	153%
TTM:	77%

Stock Price CAGR
10 Years:	%
5 Years:	13%
3 Years:	-41%
1 Year:	-48%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	10%
Last Year:	9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.05	49	49	49	49	5	5	53	53	55	56	57
Reserves	15	-41	-47	-54	-65	-24	-14	-19	-1	50	94	108
	8	10	10	11	12	13	7	4	0	1	2	1
	38	15	18	45	37	11	3	15	28	20	41	53
Total Liabilities	61	32	29	51	33	4	0	53	81	126	194	219
	2	1	0	0	0	0	0	6	6	13	25	28
CWIP	0	0	0	0	0	0	0	0	0	10	30	29
Investments	0	0	0	0	0	0	0	6	19	41	57	59
	59	32	28	51	33	4	0	41	57	62	82	103
Total Assets	61	32	29	51	33	4	0	53	81	126	194	219

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	-1	2	0	-0	-0	6	-6	-3	-1	17
	4	1	-0	0	0	0	0	-15	-10	-38	-50
	-1	-0	-1	-0	0	0	-6	23	11	43	29
Net Cash Flow	1	-1	-0	-0	0	-0	-0	2	-2	4	-4
Free Cash Flow	-1	-1	1	0	-0	-0	6	-7	-3	-19	-16
CFO/OP	1%	17%	-29%	-3%	3%	8%	-1,353%	-1,618%	-120%	-10%	128%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	126	196	138	231	1,028	526	0	193	95	115	121
Inventory Days								0	0	1	1
Days Payable									47	41	63
Cash Conversion Cycle	126	196	138	231	1,028	526	0	193	49	76	58
Working Capital Days	19	24	-34	-48	-598	-4,171	-1,883	166	70	112	96
ROCE %		-40%	-32%	-56%	-823%				6%	13%	10%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Capital Work-in-Progress (CWIP)
INR Lakhs

x.xx	x.xx	x.xx	x.xx	x.xx	xxx.xx	x,xxx.xx
x.xx	x.xx	xx.xx	xx.xx	xx.xx	xxx.xx	x,xxx.xx
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			xx	xx	xx	xx
				xx.xx	x.xx	xx.xx
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Software Intangible Assets (Net)
INR Lakhs

Total Shareholders
Number ・Standalone data

Permanent Employee Headcount
Number

Employee Turnover Rate
Percentage ・Standalone data

Number of Dealers/Distributors
Number ・Standalone data

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	16.51%	16.51%	16.51%	16.06%	16.04%	15.87%	15.67%	15.61%	15.60%	15.60%	15.56%	15.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	1.22%	1.19%	1.92%	1.92%	1.66%
	83.49%	83.49%	83.49%	83.94%	83.96%	84.13%	83.96%	83.17%	83.20%	82.47%	82.52%	82.78%
No. of Shareholders	22,431	22,697	26,044	27,717	29,885	33,136	49,484	48,780	51,915	51,757	52,924	52,521

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	20.53%	13.54%	18.98%	18.98%	57.39%	16.61%	16.51%	16.04%	15.60%	15.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.19%	1.66%
	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%	82.78%
No. of Shareholders	17,895	17,878	17,851	17,580	17,296	17,011	22,431	29,885	51,915	52,521

* 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

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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