SPML Infra Ltd

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

SPML Infra Ltd

₹ 245 -1.39%
12 Dec - 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 - BE
  • Market Cap ₹ 1,650 Cr.
  • Current Price ₹ 245
  • High / Low ₹ 306 / 87.1
  • Stock P/E 75.3
  • Book Value ₹ 96.7
  • Dividend Yield 0.00 %
  • ROCE 3.69 %
  • ROE 0.16 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 257 to 112 days.
  • Company's working capital requirements have reduced from 353 days to 97.5 days

Cons

  • Stock is trading at 2.53 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.11%
  • Promoter holding is low: 34.8%
  • Company has a low return on equity of 0.08% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 25.8% of their holding.
  • Earnings include an other income of Rs.65.4 Cr.

* 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

Sector: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
249 276 242 129 137 153 464 352 254 252 461 207 189
241 269 242 123 154 155 420 353 254 256 444 195 176
Operating Profit 7 7 -0 7 -16 -2 44 -1 0 -4 18 12 13
OPM % 3% 2% -0% 5% -12% -1% 9% -0% 0% -1% 4% 6% 7%
4 2 13 5 12 3 8 5 3 9 29 15 12
Interest 3 5 16 10 3 4 37 2 2 3 50 10 9
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0 0
Profit before tax 7 3 -4 1 -9 -4 14 1 1 2 -4 16 16
Tax % -4% 31% 71% 80% -0% 33% 6% 18% 68% 40% -7% 19% 17%
7 1 -6 0 -9 -5 14 0 0 1 -4 13 13
EPS in Rs 1.93 0.30 -1.52 0.10 -1.78 -1.24 3.01 0.09 0.07 0.23 -1.81 2.18 2.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,347 1,502 1,824 2,035 2,276 2,049 2,012 1,706 683 952 883 1,319 1,109
1,210 1,403 1,672 1,833 2,100 1,833 1,843 1,630 690 957 854 1,301 1,070
Operating Profit 137 100 152 202 176 217 169 76 -7 -6 29 18 38
OPM % 10% 7% 8% 10% 8% 11% 8% 4% -1% -1% 3% 1% 3%
43 89 83 53 99 73 68 112 -43 30 28 41 65
Interest 151 168 198 225 260 214 161 157 67 22 50 57 72
Depreciation 25 27 24 27 21 17 11 11 6 4 3 2 2
Profit before tax 4 -6 13 3 -6 60 65 21 -122 -1 3 -0 30
Tax % -24% 28% 69% 361% -100% 19% 38% 71% -4% -89% 88% 600%
7 -12 2 -11 -4 50 40 7 -117 -0 0 -2 24
EPS in Rs 1.48 -3.41 0.26 -1.63 -2.33 13.75 10.84 1.80 -31.98 0.08 0.09 -1.42 2.80
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -8%
3 Years: 25%
TTM: -9%
Compounded Profit Growth
10 Years: 7%
5 Years: -57%
3 Years: 27%
TTM: 134%
Stock Price CAGR
10 Years: 10%
5 Years: 75%
3 Years: 126%
1 Year: 164%
Return on Equity
10 Years: 2%
5 Years: 0%
3 Years: 0%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 8 8 8 8 9 10 11 13
Reserves 464 450 464 460 372 457 412 376 254 277 315 450 561
834 1,019 842 1,206 1,236 1,406 1,446 1,528 1,844 1,846 1,771 549 400
882 1,111 1,389 1,580 1,382 1,496 1,630 1,086 615 673 696 883 839
Total Liabilities 2,189 2,588 2,703 3,253 2,998 3,367 3,496 2,998 2,720 2,805 2,793 1,892 1,813
225 208 319 643 308 303 291 122 117 133 129 42 6
CWIP 304 442 87 96 54 48 46 56 56 56 56 0 0
Investments 138 133 180 142 194 152 172 119 70 65 59 38 38
1,520 1,805 2,116 2,372 2,442 2,863 2,986 2,701 2,478 2,551 2,549 1,812 1,769
Total Assets 2,189 2,588 2,703 3,253 2,998 3,367 3,496 2,998 2,720 2,805 2,793 1,892 1,813

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
261 -111 258 295 -161 234 178 -3 -302 -19 20 594
-191 -165 -69 99 89 78 3 259 91 36 46 23
-78 263 -182 -390 69 -330 -168 -273 231 -16 -87 -410
Net Cash Flow -8 -14 7 4 -3 -18 12 -17 19 1 -21 208

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 139 100 141 166 104 116 123 100 651 468 190 112
Inventory Days 20 21 13 23 20 27 19 20 155 153 549 136
Days Payable 235 237 231 346 250 330 268 200 842 715 2,581 1,317
Cash Conversion Cycle -75 -116 -77 -156 -125 -188 -126 -80 -36 -94 -1,842 -1,070
Working Capital Days 69 19 44 74 55 99 116 180 653 474 487 98
ROCE % 11% 11% 14% 15% 15% 15% 11% 9% 3% 1% 3% 4%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
34.81% 39.78% 36.10% 36.10% 36.10% 39.35% 39.35% 39.35% 39.35% 35.93% 35.93% 34.80%
0.00% 0.18% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.59% 0.97% 0.70%
2.93% 2.71% 2.52% 2.52% 2.52% 2.34% 2.34% 2.34% 2.34% 1.93% 1.93% 1.61%
62.26% 57.32% 61.35% 61.36% 61.36% 58.32% 58.31% 58.31% 57.92% 61.55% 61.17% 62.89%
No. of Shareholders 10,54611,97412,36912,16711,92011,44510,5119,6199,50610,36513,34713,441

* 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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