SPML Infra Ltd
Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development[1]
- Market Cap ₹ 1,729 Cr.
- Current Price ₹ 241
- High / Low ₹ 323 / 136
- Stock P/E 36.7
- 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
- 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
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE Allcap BSE Industrials
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: | 96% |
3 Years: | 91% |
1 Year: | -6% |
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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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11h - Compliance Certificate for Quarter ended 30th September 2025
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Announcement under Regulation 30 (LODR)-Credit Rating
6 Oct - ICRA (30 Sep 2025) reaffirmed/assigned ratings for Rs1,038cr facilities: term loan Rs408cr; non-fund Rs500cr; cash credit Rs5cr; facilities Rs125cr.
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Announcement under Regulation 30 (LODR)-Allotment
6 Oct - Allotment of 562,303 shares on 06-Oct-2025 at Rs118.56 each to promoter Zoom Industrial.
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Closure of Trading Window
25 Sep - Trading window closed from 01 Oct 2025 until 48 hours after Q2/HY results for period ended 30 Sep 2025.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 24 Sep
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
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.