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 ₹ 459 Cr.
- Current Price ₹ 8.11
- High / Low ₹ 25.0 / 4.78
- Stock P/E 31.6
- Book Value ₹ 2.91
- Dividend Yield 0.00 %
- ROCE 10.0 %
- ROE 9.29 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.79 times its book value
- 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.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 179 | |
| 150 | 35 | 42 | 66 | 21 | 5 | 1 | 43 | 142 | 117 | 143 | 165 | |
| Operating Profit | -44 | -8 | -5 | -5 | -10 | -3 | -0 | 0 | 3 | 11 | 14 | 14 |
| OPM % | -41% | -30% | -14% | -8% | -93% | -236% | -86% | 1% | 2% | 9% | 9% | 8% |
| 2 | 1 | 1 | 0 | 0 | 0 | 6 | 1 | 0 | 0 | 1 | 4 | |
| 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 | 2 |
| Profit before tax | -45 | -11 | -6 | -7 | -10 | -3 | 5 | 1 | 3 | 11 | 13 | 16 |
| Tax % | 4% | 0% | 1% | 0% | 0% | 1% | 0% | 16% | -4% | 1% | 8% | |
| -47 | -11 | -6 | -7 | -10 | -4 | 5 | 1 | 3 | 11 | 12 | 15 | |
| EPS in Rs | -1.29 | -1.40 | -2.13 | -0.71 | 1.01 | 0.01 | 0.05 | 0.19 | 0.21 | 0.26 | ||
| 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: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | % |
| 3 Years: | 153% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | -27% |
| 1 Year: | -60% |
| 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 |
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% |
Documents
Announcements
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Copy of Newspaper Publication
15 November 2025 - Unaudited standalone and consolidated results published for quarter/half year ended 30 Sep 2025.
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Outcome of Board Meeting
13 November 2025 - Board approved Q2 results; proposed MoA amendment and equity/QIP/warrants fundraising; postal ballot on Nov 13, 2025.
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Outcome of Board Meeting
13 November 2025 - Approved Q2/H1 results (H1 PBT ₹962.93L); proposed equity/QIP fundraising and MOA amendment; postal ballot.
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General Updates
12 November 2025 - Incorporated SPACENET REALTY CORE LLP on 12 Nov 2025; Spacenet holds 99.90%; contribution INR 99,900.
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General Updates
12 November 2025 - Spacenet incorporated SPACENET URBAN REALTY LLP on 12-Nov-2025; company holds 99.90%; consideration INR 99,900.
Annual reports
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Financial Year 2025
from nse
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Financial Year 2024
from nse
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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 2015
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Financial Year 2014
from nse
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