Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.21 | 0.17 | 0.19 | 0.22 | 0.14 | 0.12 | 0.09 | 0.26 | 0.14 | 0.16 | 0.17 | 0.15 |
| Expenses | 0.08 | 0.22 | 0.17 | 0.17 | 0.12 | 0.15 | 0.08 | 0.16 | 0.08 | 0.10 | 0.11 | 0.09 |
| Operating Profit | 0.13 | -0.05 | 0.02 | 0.05 | 0.02 | -0.03 | 0.01 | 0.10 | 0.06 | 0.06 | 0.06 | 0.06 |
| OPM % | 61.90% | -29.41% | 10.53% | 22.73% | 14.29% | -25.00% | 11.11% | 38.46% | 42.86% | 37.50% | 35.29% | 40.00% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.05 | 0.05 | 0.05 | 0.05 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.13 | -0.05 | 0.02 | 0.05 | 0.02 | -0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Tax % | 15.38% | 0.00% | 50.00% | 20.00% | 50.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.11 | -0.05 | 0.02 | 0.04 | 0.01 | -0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| EPS in Rs | 0.29 | -0.13 | 0.05 | 0.11 | 0.03 | -0.05 | 0.03 | 0.03 | 0.03 | 0.00 | 0.03 | 0.03 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.46 | 0.42 | 0.46 | 0.47 | 0.44 | 0.38 | 0.37 | 0.41 | 0.26 | 0.26 | 0.30 | 0.31 |
| Expenses | 0.37 | 0.26 | 0.33 | 0.30 | 0.24 | 0.22 | 0.29 | 0.31 | 0.18 | 0.16 | 0.19 | 0.21 |
| Operating Profit | 0.09 | 0.16 | 0.13 | 0.17 | 0.20 | 0.16 | 0.08 | 0.10 | 0.08 | 0.10 | 0.11 | 0.10 |
| OPM % | 19.57% | 38.10% | 28.26% | 36.17% | 45.45% | 42.11% | 21.62% | 24.39% | 30.77% | 38.46% | 36.67% | 32.26% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.00 | 0.00 | 0.00 | 0.07 | 0.02 | 0.00 | 0.03 | 0.09 | 0.09 | 0.10 | 0.09 |
| Depreciation | 0.06 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.14 | 0.11 | 0.15 | 0.12 | 0.15 | 0.08 | 0.07 | 0.00 | 0.01 | 0.01 | 0.01 |
| Tax % | 100.00% | 35.71% | 27.27% | 26.67% | 33.33% | 26.67% | 25.00% | 28.57% | 0.00% | 0.00% | 0.00% | |
| Net Profit | 0.01 | 0.09 | 0.08 | 0.12 | 0.08 | 0.11 | 0.06 | 0.05 | 0.00 | 0.01 | 0.01 | 0.01 |
| EPS in Rs | 0.03 | 0.24 | 0.21 | 0.32 | 0.21 | 0.29 | 0.16 | 0.13 | 0.00 | 0.03 | 0.03 | 0.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -3% | -3% | 6% | 3% | ||
| Compounded Profit Growth | -20% | -30% | % | 0% | ||
| Stock Price CAGR | -1% | -1% | 8% | 18% | ||
| Return on Equity | 1% | 0% | 0% | 0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.89 | 1.89 | 1.89 | 1.89 | 1.89 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 | 3.79 |
| Reserves | 1.89 | 1.98 | 2.06 | 2.16 | 2.24 | 0.46 | 0.52 | 0.58 | 0.58 | 0.59 | 0.60 | 0.62 |
| Borrowings | 0.67 | 1.39 | 0.08 | 0.64 | 0.63 | 0.03 | 0.03 | 1.00 | 1.18 | 1.12 | 1.51 | 2.56 |
| Other Liabilities | 0.05 | 0.36 | 0.58 | 0.19 | 0.18 | 0.74 | 0.75 | 0.83 | 0.77 | 0.71 | 0.63 | 0.10 |
| Total Liabilities | 4.50 | 5.62 | 4.61 | 4.88 | 4.94 | 5.02 | 5.09 | 6.20 | 6.32 | 6.21 | 6.53 | 7.07 |
| Fixed Assets | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.24 | 0.24 | 0.04 | 0.04 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Other Assets | 4.23 | 5.36 | 4.55 | 4.82 | 4.45 | 4.53 | 4.60 | 5.71 | 5.83 | 5.72 | 6.04 | 6.58 |
| Total Assets | 4.50 | 5.62 | 4.61 | 4.88 | 4.94 | 5.02 | 5.09 | 6.20 | 6.32 | 6.21 | 6.53 | 7.07 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1.91 | -0.78 | 0.77 | -0.23 | 0.37 | 0.58 | 0.18 | -0.26 | 0.08 | -0.03 | -0.06 | 0.03 |
| Cash from Investing Activity | -0.24 | 0.00 | 0.00 | 0.00 | -0.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | 0.95 | 0.84 | -1.05 | 0.42 | -0.01 | -0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -1.20 | 0.07 | -0.28 | 0.19 | -0.08 | -0.03 | 0.18 | -0.26 | 0.08 | -0.03 | -0.06 | 0.03 |
| Free Cash Flow | -1.91 | -0.78 | 0.77 | -0.23 | 0.37 | 0.58 | 0.18 | -0.26 | 0.08 | -0.03 | -0.06 | 0.03 |
| CFO/OP | -2,078% | -462% | 592% | -135% | 185% | 362% | 225% | -260% | 100% | -30% | -55% | 30% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 155.32 | 0.00 | 797.24 | 463.65 | 614.27 | 1,080.96 | 1,066.92 | 936.83 | 647.58 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 155.32 | 0.00 | 797.24 | 463.65 | 614.27 | 1,080.96 | 1,066.92 | 936.83 | 647.58 |
| Working Capital Days | 87.28 | -1,477.38 | -357.07 | -473.72 | -630.45 | 3,534.74 | 3,511.89 | 4,326.59 | 6,977.12 | 6,920.96 | 6,582.17 | 7,594.35 |
| ROCE % | 0.75% | 2.88% | 2.37% | 3.44% | 4.23% | 3.76% | 1.86% | 2.06% | 1.65% | 1.81% | 1.93% | 1.55% |
| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 39.88% | 28.26% | 24.24% | 24.24% | 17.90% | 9.14% | 6.60% | 6.60% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 60.12% | 71.74% | 75.76% | 75.76% | 82.09% | 90.86% | 93.39% | 93.42% | 100.01% | 100.02% | 100.01% | 100.01% |
| No. of Shareholders | 109 | 134 | 165 | 189 | 199 | 192 | 187 | 200 | 199 | 207 | 202 | 203 |
Fundamentals
Market Cap₹ 3.29 Cr.
Current Price₹ 8.70
Stock P/E329
Book Value₹ 11.6
ROCE1.55 %
ROE0.23 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)0%
Standalone figures.
Valuation
Market capRs 3 Cr
Enterprise valueRs 6 Cr
P/E (TTM)329.42x
Price to book0.75x
Price to sales10.63x
EV / EBITDA58.24x
EV / EBIT58.24x
EV / sales18.79x
Price to cash flow109.81x
Earnings yield0.30%
P/E, 3-year average348.22x
P/B, 3-year average0.79x
P/E, 5-year average277.35x
P/B, 5-year average0.76x
Profitability
Operating margin (excl. other income)32.26%
Operating margin (incl. other income)32.26%
EBITDA margin32.26%
Pre-tax margin3.23%
Net profit margin3.23%
ROE0.23%
ROCE1.55%
ROA0.15%
ROE, 3-year average0.23%
ROCE, 3-year average1.76%
ROA, 3-year average0.15%
ROE, 5-year average0.46%
ROCE, 5-year average1.84%
ROA, 5-year average0.34%
ROIC (approx.)1.44%
Growth
Sales growth (latest year)3.33%
Profit growth (latest year)0.00%
Sales CAGR, 3 years6.04%
Sales CAGR, 5 years-3.48%
Profit CAGR, 5 years-30.12%
Per share
EPS (TTM)Rs 0.03
EPS (latest year)Rs 0.03
EPS, 3-year averageRs 0.03
EPS, 5-year averageRs 0.05
Book value per shareRs 11.65
Sales per shareRs 0.82
Cash flow per shareRs 0.08
Free cash flow per shareRs 0.08
Efficiency
Asset turnover0.04x
Fixed asset turnover31.00x
Debtor days648 days
Debtors turnover0.56x
Cash conversion cycle648 days
Working capital days7594 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.58x
Net debt / EBITDA25.30x
Interest coverage1.11x
Owners' fund to total sources62.38%
Debt to assets36.21%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years-3.00x
Sales to cash flow10.33x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 0 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 4 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 7 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 1 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.38
Ownership
Promoter holding0.00% (-6.60 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 329.4 is at the 99th percentile of its own 6.8-year range
(median 73.3, low 29.5, high 329.4).
P/B 0.75 is at the 43th percentile (median 0.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 539026 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +30.2% | -2.8% | +33.0 pts |
| 1 month | -4.4% | -6.8% | +2.4 pts |
| 3 years | +38.8% | +14.2% | +24.6 pts |
| 5 years | -3.5% | +27.9% | -31.4 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -200% of net profit over the last 3 years |
| explain | Low interest cover Interest cover 1.1x in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹0 Cr -42.3% vs Mar 2024.
Net profit ₹0 Cr +0.0%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of SSPN Finance Ltd?
SSPN Finance Ltd (539026) has a market capitalisation of Rs 3.29 Cr. at the 2026-09-25 close.
What is the P/E ratio of SSPN Finance Ltd?
SSPN Finance Ltd trades at a P/E of 329 on trailing twelve-month profit, at the 2026-09-25 close.
What were SSPN Finance Ltd's latest quarterly results?
In the Mar 2026 quarter, SSPN Finance Ltd sales was Rs 0 Cr (-42.3% vs Mar 2024) and net profit was Rs 0 Cr.