SPML Infra Ltd
Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development[1]
- Market Cap ₹ 1,961 Cr.
- Current Price ₹ 273
- High / Low ₹ 323 / 136
- Stock P/E 40.5
- Book Value ₹ 115
- Dividend Yield 0.00 %
- ROCE 8.59 %
- ROE 7.42 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 82.9% CAGR over last 5 years
Cons
- 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.55.3 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,185 | 1,377 | 1,407 | 1,701 | 1,356 | 1,433 | 824 | 615 | 853 | 878 | 1,318 | 771 | 720 | |
1,105 | 1,241 | 1,243 | 1,529 | 1,163 | 1,270 | 775 | 591 | 836 | 842 | 1,254 | 725 | 679 | |
Operating Profit | 79 | 136 | 164 | 172 | 193 | 164 | 49 | 24 | 17 | 36 | 65 | 45 | 40 |
OPM % | 7% | 10% | 12% | 10% | 14% | 11% | 6% | 4% | 2% | 4% | 5% | 6% | 6% |
83 | 66 | 52 | 42 | 66 | 60 | 105 | -64 | 17 | 19 | 15 | 53 | 55 | |
Interest | 147 | 172 | 187 | 205 | 196 | 153 | 147 | 68 | 21 | 50 | 57 | 39 | 38 |
Depreciation | 10 | 13 | 12 | 10 | 8 | 4 | 6 | 5 | 4 | 3 | 2 | 1 | 1 |
Profit before tax | 5 | 17 | 17 | -1 | 55 | 67 | 2 | -113 | 9 | 3 | 21 | 58 | 57 |
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 | 48 | |
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 | 7.17 |
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: | -39% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 83% |
3 Years: | 71% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 88% |
3 Years: | 83% |
1 Year: | 8% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3h - Transcript of Earnings Conference Call for the First Quarter Ended 30th June 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - The representatives of SPML Infra Limited ('the company') will be meeting group of analysts/investors hosted by Phillip capital PCG on Thursday, August 28, 2025.
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Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015, We Wish To Inform You That The Company Has Received Approval For Voluntary Delisting Of Its Listed Securities From The Calcutta Stock Exchange With Effect From 25Th August, 2025, As Per The Approval Letter Received From The Exchange.
22 Aug - SPML Infra receives approval to voluntarily delist from Calcutta Stock Exchange effective 25 August 2025.
- This Is In Continuation To The Letter Dated 18Th August 2025, Wherein The Company Had Provided An Advance Intimation Regarding The Analyst(S)/Institutional Investor(S) Meet To Be Held On August 22, 2025. Please Note That The Management Will Not Be Able To Attend The Group Meeting At The Water & Recycling Conference Hosted By Ashika Group, Due To Exigency. 21 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 Aug - Audio/video of Q1 FY2025-26 earnings call (ended 30 Jun 2025) uploaded 20 Aug 2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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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
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Aug 2025TranscriptPPT
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Jun 2025Transcript PPT REC
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptPPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Apr 2024TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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.