Spel Semiconductor Ltd
Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips[1]
- Market Cap ₹ 707 Cr.
- Current Price ₹ 153
- High / Low ₹ 263 / 110
- Stock P/E
- Book Value ₹ 0.66
- Dividend Yield 0.00 %
- ROCE 0.12 %
- ROE -62.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 232 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.0% over past five years.
- Company has a low return on equity of -27.9% over last 3 years.
- Company's cost of borrowing seems high
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 47 | 26 | 36 | 42 | 26 | 37 | 16 | 9 | 11 | 12 | 8 | 6 | |
| 35 | 35 | 38 | 44 | 34 | 31 | 22 | 12 | 7 | 14 | 13 | 7 | |
| Operating Profit | 12 | -10 | -2 | -3 | -8 | 6 | -6 | -2 | 4 | -2 | -5 | -1 |
| OPM % | 26% | -37% | -6% | -7% | -30% | 16% | -35% | -24% | 35% | -16% | -68% | -17% |
| 1 | -0 | -21 | 4 | 5 | 2 | 3 | -4 | -2 | -9 | -11 | -17 | |
| Interest | 4 | 3 | 2 | 3 | 3 | 1 | 1 | 1 | 3 | 3 | 3 | 5 |
| Depreciation | 10 | 11 | 7 | 6 | 5 | 5 | 4 | 5 | 4 | 3 | 2 | 1 |
| Profit before tax | -0 | -24 | -32 | -8 | -11 | 1 | -8 | -12 | -5 | -16 | -22 | -24 |
| Tax % | -27% | -16% | -5% | 2% | -2% | 21% | 2% | 2% | -32% | 3% | -2% | 0% |
| -0 | -20 | -31 | -8 | -11 | 1 | -9 | -13 | -3 | -17 | -21 | -24 | |
| EPS in Rs | -0.08 | -4.29 | -6.64 | -1.84 | -2.33 | 0.23 | -1.87 | -2.77 | -0.67 | -3.64 | -4.56 | -5.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -17% |
| 3 Years: | -17% |
| TTM: | -20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | % |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 46% |
| 3 Years: | 34% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -12% |
| 3 Years: | -28% |
| Last Year: | -63% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 41 | 21 | 49 | 41 | 31 | 33 | 26 | 7 | 3 | -13 | -33 | -43 |
| 27 | 16 | 28 | 25 | 22 | 28 | 30 | 31 | 25 | 28 | 31 | 21 | |
| 30 | 47 | 51 | 58 | 64 | 75 | 64 | 88 | 89 | 85 | 84 | 91 | |
| Total Liabilities | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
| 98 | 87 | 133 | 126 | 122 | 117 | 113 | 87 | 78 | 75 | 72 | 74 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 46 | 43 | 42 | 44 | 41 | 65 | 54 | 85 | 86 | 71 | 56 | 41 | |
| Total Assets | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | -7 | -29 | -6 | 4 | -7 | -2 | -22 | -3 | -9 | -2 | 13 | |
| 0 | 1 | 26 | 7 | 1 | 1 | 1 | 21 | 12 | 9 | 1 | 2 | |
| -6 | 6 | 8 | -6 | -5 | 5 | 1 | 1 | -8 | 0 | 0 | -15 | |
| Net Cash Flow | -0 | -0 | 6 | -6 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -2 | 7 | -1 | -2 | 13 |
| CFO/OP | 48% | 73% | 1,356% | 227% | -51% | -112% | 42% | 972% | -78% | 453% | 31% | -1,212% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 54 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 36 | 36 | 34 |
| Inventory Days | 2,094 | 1,178 | 2,838 | 2,947 | 716 | |||||||
| Days Payable | 558 | 346 | 343 | 449 | 790 | |||||||
| Cash Conversion Cycle | 1,580 | 886 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 2,531 | 2,534 | -41 |
| Working Capital Days | 39 | -214 | -34 | 11 | -63 | 52 | 92 | 632 | 465 | 31 | -784 | -2,053 |
| ROCE % | 3% | -20% | -6% | -6% | -8% | 3% | -4% | -6% | 9% | -5% | -11% | 0% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Export revenue as % of total revenue % |
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Extracted by Screener AI
Documents
Announcements
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Strategic Tripartite Mou With Calsoft And Natronix-India
29 Jul - Board approved tripartite MoU with Calsoft and Natronix-India for semiconductor and AI collaboration on Jul 29, 2026.
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Board Meeting Intimation for Consideration And Approval Of Tripartite Strategic Memorandum Of Understanding Signing With M/S Calsoft, Chennai And M/S Natronix - India, Chennai
27 Jul - Board meets July 29, 2026 to consider tripartite strategic MOU with Calsoft and Natronix-India.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
24 Jul - Regulation 74(5) confirmation certificate for quarter ended Jun 30, 2026.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On 20Th July, 2026.
20 Jul - Board approved semiconductor expansion, up to ₹500 crore fund raising, and authorised capital increase on Jul 20, 2026.
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Board Meeting Intimation for Considering And Approving Raising Funds By Way Of One Or More Rights Issue And/Or Qips Or Any Combination Thereof
16 Jul - Board meets July 20, 2026 to consider fund raising through rights issue and/or QIP.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Holding Company:[1]
Natronix Semiconductor Technology Pvt Ltd, headquartered in Singapore and a member of the Valingro Group has its OSAT presence in India through its subsidiary, SPEL Semiconductor Ltd