SPML Infra Ltd

SPML Infra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SPML Infra Ltd

₹ 290 -5.98%
01 Aug - close price
spml.co.in BSE: 500402 NSE: SPMLINFRA
About

Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development[1]

Key Points

Business Overview:[1][2]
SPML is a leading infrastructure development company in India, certified to ISO standards, with a diverse portfolio spanning over 650 projects nationwide. They specialize in water treatment, power transmission, waste management, and civil infrastructure, securing contracts from government departments across Delhi, Uttar Pradesh, Rajasthan, Bihar, Gujarat, Maharashtra, and Karnataka.

Website BSE NSE
  • Market Cap ₹ 2,076 Cr.
  • Current Price ₹ 290
  • High / Low ₹ 323 / 136
  • Stock P/E 42.1
  • Book Value ₹ 115
  • Dividend Yield 0.00 %
  • ROCE 8.59 %
  • ROE 7.42 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 82.9% CAGR over last 5 years

Cons

  • Stock is trading at 2.53 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -1.34% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.64% over last 3 years.
  • Promoters have pledged or encumbered 27.1% of their holding.
  • Earnings include an other income of Rs.52.8 Cr.
  • Promoter holding has decreased over last 3 years: -4.66%
  • Working capital days have increased from 49.0 days to 108 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
228 128 135 152 463 350 253 252 463 207 189 186 189
206 120 145 154 419 350 251 254 398 195 175 178 178
Operating Profit 22 7 -10 -2 44 0 2 -3 65 12 14 9 11
OPM % 10% 6% -7% -1% 9% 0% 1% -1% 14% 6% 7% 5% 6%
1 5 9 1 5 4 1 8 3 15 12 14 12
Interest 16 10 3 4 36 2 2 3 50 10 9 10 10
Depreciation 1 1 1 1 1 1 1 1 0 0 0 0 0
Profit before tax 6 1 -5 -5 12 1 1 2 18 16 17 13 12
Tax % 42% 40% 0% 0% 0% 14% 21% 42% 1% 19% 16% 18% 4%
4 1 -5 -5 12 1 1 1 17 13 14 10 12
EPS in Rs 0.93 0.18 -1.10 -1.14 2.53 0.14 0.11 0.20 3.54 2.20 2.36 1.47 1.65
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
1,185 1,377 1,407 1,701 1,356 1,433 824 615 853 878 1,318 771
1,105 1,241 1,243 1,529 1,163 1,270 775 591 836 842 1,254 725
Operating Profit 79 136 164 172 193 164 49 24 17 36 65 45
OPM % 7% 10% 12% 10% 14% 11% 6% 4% 2% 4% 5% 6%
83 66 52 42 66 60 105 -64 17 19 15 53
Interest 147 172 187 205 196 153 147 68 21 50 57 39
Depreciation 10 13 12 10 8 4 6 5 4 3 2 1
Profit before tax 5 17 17 -1 55 67 2 -113 9 3 21 58
Tax % 5% 21% 21% -197% 22% 26% -53% -5% -13% 21% 6% 15%
5 14 13 1 43 50 2 -107 10 2 20 49
EPS in Rs 1.32 3.76 3.56 0.40 11.77 13.54 0.66 -29.24 2.53 0.46 3.99 6.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -1%
3 Years: -3%
TTM: -42%
Compounded Profit Growth
10 Years: 12%
5 Years: 83%
3 Years: 71%
TTM: 216%
Stock Price CAGR
10 Years: 15%
5 Years: 109%
3 Years: 100%
1 Year: 56%
Return on Equity
10 Years: 1%
5 Years: -2%
3 Years: 5%
Last Year: 7%

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
Equity Capital 8 8 8 8 8 8 8 8 9 10 11 15
Reserves 445 457 470 384 427 371 378 266 289 322 498 804
551 621 707 948 1,283 1,311 1,486 1,811 1,776 1,722 558 379
885 1,051 1,013 939 976 1,031 822 425 498 579 777 730
Total Liabilities 1,889 2,137 2,197 2,279 2,694 2,722 2,694 2,510 2,572 2,632 1,844 1,928
82 68 59 112 106 104 103 97 94 90 4 3
CWIP 3 0 0 0 0 0 0 0 0 0 0 0
Investments 222 235 251 199 177 162 128 103 103 99 74 58
1,581 1,834 1,887 1,968 2,412 2,456 2,463 2,310 2,375 2,443 1,766 1,867
Total Assets 1,889 2,137 2,197 2,279 2,694 2,722 2,694 2,510 2,572 2,632 1,844 1,928

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
-80 148 255 -183 136 94 -133 -272 29 73 490 -73
-76 -3 2 111 48 -5 78 15 13 -24 25 -103
148 -135 -270 82 -199 -98 67 276 -41 -71 -307 79
Net Cash Flow -8 9 -13 11 -14 -9 12 19 1 -21 209 -97

Ratios

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
Debtor Days 109 153 160 33 94 81 150 673 476 155 88 142
Inventory Days 22 15 17 14 23 24 59 153 156 576 139 28
Days Payable 239 258 301 220 325 288 452 567 524 2,020 965 210
Cash Conversion Cycle -108 -91 -124 -173 -209 -184 -243 259 109 -1,290 -738 -41
Working Capital Days -96 -59 -9 -72 44 5 26 42 41 12 28 108
ROCE % 16% 18% 18% 16% 16% 12% 8% 3% 1% 2% 5% 9%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
36.10% 36.10% 36.10% 39.35% 39.35% 39.35% 39.35% 35.93% 35.93% 34.80% 35.21% 35.12%
0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.59% 0.97% 0.76% 0.70% 0.34%
2.52% 2.52% 2.52% 2.34% 2.34% 2.34% 2.34% 1.93% 1.93% 1.72% 1.70% 1.76%
61.35% 61.36% 61.36% 58.32% 58.31% 58.31% 57.92% 61.55% 61.17% 62.72% 62.37% 62.79%
No. of Shareholders 12,36912,16711,92011,44510,5119,6199,50610,36513,34714,08114,21415,784

* 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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