Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd

₹ 27.8 -0.18%
22 Apr 12:39 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

  • Market Cap 1,527 Cr.
  • Current Price 27.8
  • High / Low 39.4 / 14.6
  • Stock P/E 155
  • Book Value 1.06
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE 7.25 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 144 to 95.2 days.
  • Company's working capital requirements have reduced from 126 days to 69.8 days

Cons

  • Stock is trading at 26.4 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.13 -0.00 -0.00 0.53 17.09 26.05 19.45 57.69 39.10 28.30 21.97 28.99 29.53
0.23 0.29 0.05 0.56 17.21 25.55 19.35 57.26 38.25 27.02 19.51 26.19 25.72
Operating Profit -0.10 -0.29 -0.05 -0.03 -0.12 0.50 0.10 0.43 0.85 1.28 2.46 2.80 3.81
OPM % -76.92% -5.66% -0.70% 1.92% 0.51% 0.75% 2.17% 4.52% 11.20% 9.66% 12.90%
5.60 -0.00 -0.00 -0.00 0.11 0.53 0.27 0.09 0.02 0.03 0.10 0.02 0.01
Interest 0.05 -0.00 -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 -0.00 -0.00 -0.00 0.09 0.07 0.05 0.06 0.06 0.07 0.06 0.07 0.07
Profit before tax 5.45 -0.29 -0.05 -0.03 -0.11 0.95 0.31 0.44 0.68 1.08 2.50 2.75 3.74
Tax % -0.00% -0.00% -0.00% -0.00% 18.18% 15.79% -0.00% -25.00% -0.00% -0.00% -0.00% -0.00% -0.00%
5.44 -0.29 -0.05 -0.03 -0.10 0.81 0.31 0.55 0.67 1.09 2.50 2.75 3.74
EPS in Rs 1.11 -0.06 -0.01 -0.01 -0.00 0.01 0.01 0.01 0.01 0.02 0.05 0.05 0.06
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 TTM
106 27 37 61 11 1 0 43 145 109
150 35 42 66 21 5 1 43 142 98
Operating Profit -44 -8 -5 -5 -10 -3 -0 0 3 10
OPM % -41% -30% -14% -8% -93% -236% -86% 1% 2% 10%
2 1 1 0 0 0 6 1 0 0
Interest 2 2 2 2 1 0 0 0 0 0
Depreciation 2 1 0 0 0 0 0 0 0 0
Profit before tax -45 -11 -6 -7 -10 -3 5 1 3 10
Tax % -4% -0% -1% -0% -0% -1% -0% 16% -4%
-47 -11 -6 -7 -10 -4 5 1 3 10
EPS in Rs -1.29 -1.40 -2.13 -0.71 1.01 0.01 0.05 0.18
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 18%
5 Years: 211%
3 Years: %
TTM: -24%
Compounded Profit Growth
10 Years: 8%
5 Years: -12%
3 Years: %
TTM: 323%
Stock Price CAGR
10 Years: %
5 Years: 85%
3 Years: 152%
1 Year: 69%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 7%

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 Sep 2023
Equity Capital 0 49 49 49 49 5 5 53 53 53
Reserves 15 -41 -47 -54 -65 -24 -14 -19 -15 5
8 10 10 11 12 13 7 4 0 0
38 15 18 45 37 11 3 15 43 24
Total Liabilities 61 32 29 51 33 4 0 53 81 83
2 1 0 0 0 0 0 6 6 6
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 1
Investments 0 -0 -0 -0 -0 -0 -0 6 19 19
59 32 28 51 33 4 0 41 57 56
Total Assets 61 32 29 51 33 4 0 53 81 83

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
-1 -1 2 0 -0 -0 6 -6 -5
4 1 -0 -0 0 0 0 -15 -8
-1 -0 -1 -0 0 0 -6 23 11
Net Cash Flow 1 -1 -0 -0 0 -0 -0 2 -2

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
Debtor Days 126 196 138 231 1,028 526 -0 193 95
Inventory Days -0 0
Days Payable 47
Cash Conversion Cycle 126 196 138 231 1,028 526 -0 193 49
Working Capital Days 46 156 61 19 -190 -1,991 -1,883 181 70
ROCE % -40% -32% -56% -823%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.71% 55.71% 55.71% 16.61% 16.61% 16.61% 16.61% 16.51% 16.51% 16.51% 16.06% 16.04%
1.79% 1.79% 1.79% 0.53% 0.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
42.50% 42.50% 42.50% 82.85% 82.85% 83.39% 83.39% 83.49% 83.49% 83.49% 83.94% 83.96%
No. of Shareholders 17,23717,15317,08817,01116,96221,04521,84522,43122,69726,04427,71729,885

* 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.

Click on the line-items to see the names of individual entities.

Documents