SPML Infra Ltd
Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development[1]
- Market Cap ₹ 1,977 Cr.
- Current Price ₹ 276
- High / Low ₹ 323 / 136
- Stock P/E 42.0
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 8.91 %
- ROE 7.78 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 48.6% CAGR over last 5 years
Cons
- Stock is trading at 2.56 times its book value
- The company has delivered a poor sales growth of -14.7% over past five years.
- Company has a low return on equity of 3.31% over last 3 years.
- Promoters have pledged or encumbered 27.1% of their holding.
- Earnings include an other income of Rs.56.1 Cr.
- Company has high debtors of 187 days.
- Promoter holding has decreased over last 3 years: -4.66%
- Working capital days have increased from 61.0 days to 131 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,502 | 1,824 | 2,035 | 2,276 | 2,049 | 2,012 | 1,706 | 683 | 952 | 883 | 1,319 | 771 | 720 | |
1,403 | 1,672 | 1,833 | 2,100 | 1,833 | 1,843 | 1,630 | 690 | 957 | 854 | 1,301 | 728 | 681 | |
Operating Profit | 100 | 152 | 202 | 176 | 217 | 169 | 76 | -7 | -6 | 29 | 18 | 43 | 38 |
OPM % | 7% | 8% | 10% | 8% | 11% | 8% | 4% | -1% | -1% | 3% | 1% | 6% | 5% |
89 | 83 | 53 | 99 | 73 | 68 | 112 | -43 | 30 | 28 | 41 | 54 | 56 | |
Interest | 168 | 198 | 225 | 260 | 214 | 161 | 157 | 67 | 22 | 50 | 57 | 39 | 38 |
Depreciation | 27 | 24 | 27 | 21 | 17 | 11 | 11 | 6 | 4 | 3 | 2 | 1 | 1 |
Profit before tax | -6 | 13 | 3 | -6 | 60 | 65 | 21 | -122 | -1 | 3 | -0 | 57 | 55 |
Tax % | 28% | 69% | 361% | -100% | 19% | 38% | 71% | -4% | -89% | 88% | 600% | 15% | |
-12 | 2 | -11 | -4 | 50 | 40 | 7 | -117 | -0 | 0 | -2 | 48 | 47 | |
EPS in Rs | -3.41 | 0.26 | -1.63 | -2.33 | 13.75 | 10.84 | 1.80 | -31.98 | 0.08 | 0.09 | -1.42 | 6.70 | 6.97 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -8% |
5 Years: | -15% |
3 Years: | -7% |
TTM: | -39% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 49% |
3 Years: | 431% |
TTM: | 1108% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 94% |
3 Years: | 94% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | 3% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 450 | 464 | 460 | 372 | 457 | 412 | 376 | 254 | 277 | 315 | 450 | 755 |
1,019 | 842 | 1,206 | 1,236 | 1,406 | 1,446 | 1,528 | 1,844 | 1,846 | 1,771 | 549 | 369 | |
1,111 | 1,389 | 1,580 | 1,382 | 1,496 | 1,630 | 1,086 | 615 | 673 | 696 | 883 | 828 | |
Total Liabilities | 2,588 | 2,703 | 3,253 | 2,998 | 3,367 | 3,496 | 2,998 | 2,720 | 2,805 | 2,793 | 1,892 | 1,967 |
208 | 319 | 643 | 308 | 303 | 291 | 122 | 117 | 133 | 129 | 42 | 6 | |
CWIP | 442 | 87 | 96 | 54 | 48 | 46 | 56 | 56 | 56 | 56 | 0 | 0 |
Investments | 133 | 180 | 142 | 194 | 152 | 172 | 119 | 70 | 65 | 59 | 38 | 39 |
1,805 | 2,116 | 2,372 | 2,442 | 2,863 | 2,986 | 2,701 | 2,478 | 2,551 | 2,549 | 1,812 | 1,922 | |
Total Assets | 2,588 | 2,703 | 3,253 | 2,998 | 3,367 | 3,496 | 2,998 | 2,720 | 2,805 | 2,793 | 1,892 | 1,967 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-111 | 258 | 295 | -161 | 234 | 178 | -3 | -302 | -19 | 20 | 594 | -84 | |
-165 | -69 | 99 | 89 | 78 | 3 | 259 | 91 | 36 | 46 | 23 | -90 | |
263 | -182 | -390 | 69 | -330 | -168 | -273 | 231 | -16 | -87 | -410 | 76 | |
Net Cash Flow | -14 | 7 | 4 | -3 | -18 | 12 | -17 | 19 | 1 | -21 | 208 | -99 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 100 | 141 | 166 | 104 | 116 | 123 | 100 | 651 | 468 | 190 | 112 | 187 |
Inventory Days | 21 | 13 | 23 | 20 | 27 | 19 | 20 | 155 | 153 | 549 | 136 | 287 |
Days Payable | 237 | 231 | 346 | 250 | 330 | 268 | 200 | 842 | 715 | 2,581 | 1,358 | 2,735 |
Cash Conversion Cycle | -116 | -77 | -156 | -125 | -188 | -126 | -80 | -36 | -94 | -1,842 | -1,110 | -2,261 |
Working Capital Days | -107 | -76 | -40 | -85 | -3 | -14 | 5 | 15 | 34 | 25 | 27 | 131 |
ROCE % | 11% | 14% | 15% | 15% | 15% | 11% | 9% | 3% | 1% | 3% | 4% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5h - Copy of Newspaper publication for opening of Special window for Re-lodgement of Transfer request for physical shares
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Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 - Investor Conference On 22Nd September, 2025
2d - SPML management to attend virtual 'Bharat Connect Conference' by Arihant Capital on 22 Sept 2025 at 10:00 AM.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Sep - Notice of Postal Ballot to the members of the Company published in Newspaper. Copy attached
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
11 Sep - Postal ballot: appoint Abhinandan Sethi MD (03/09/25–02/09/30), Rs2.00Cr CTC; chairman redesignation; add independent director; e-vote 12Sep–11Oct2025. If requested, here's what I'll do: ["Read announcement in …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Sep - SPML wins ₹1,438 Cr JV (51%) PHED Bharatpur water project; EPC 20 months, 10-year O&M; award executed 06 Sep 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
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
Concalls
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Aug 2025Transcript PPT REC
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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.