Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.58 | 7.26 | 6.12 | 4.06 | 8.82 | 6.05 | 14.01 | 10.69 | 8.75 | 8.22 | 10.95 | 10.30 |
| Expenses | 4.35 | 6.97 | 6.13 | 3.77 | 8.50 | 5.75 | 13.51 | 10.28 | 8.62 | 7.76 | 10.21 | 9.81 |
| Operating Profit | 0.23 | 0.29 | -0.01 | 0.29 | 0.32 | 0.30 | 0.50 | 0.41 | 0.13 | 0.46 | 0.74 | 0.49 |
| OPM % | 5.02% | 3.99% | -0.16% | 7.14% | 3.63% | 4.96% | 3.57% | 3.84% | 1.49% | 5.60% | 6.76% | 4.76% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.06 | 0.91 |
| Interest | 0.07 | 0.13 | 0.14 | 0.12 | 0.10 | 0.09 | 0.11 | 0.07 | 0.04 | 0.04 | 0.12 | 0.03 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.09 | 0.09 | 0.08 | 0.14 | 0.09 | 0.08 |
| Profit before tax | 0.13 | 0.13 | -0.18 | 0.14 | 0.19 | 0.18 | 0.30 | 0.25 | 0.01 | 0.28 | 0.47 | 1.29 |
| Tax % | 23.08% | -38.46% | -116.67% | 28.57% | 26.32% | 27.78% | 63.33% | 24.00% | 100.00% | 25.00% | 6.38% | 25.58% |
| Net Profit | 0.10 | 0.17 | 0.03 | 0.10 | 0.14 | 0.14 | 0.11 | 0.19 | 0.00 | 0.21 | 0.44 | 0.96 |
| EPS in Rs | 0.33 | 0.55 | 0.10 | 0.33 | 0.46 | 0.46 | 0.36 | 0.62 | 0.00 | 0.68 | 1.43 | 3.12 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99.85 | 86.56 | 98.53 | 32.67 | 30.95 | 16.38 | 16.59 | 21.08 | 32.94 | 38.62 | 38.22 |
| Expenses | 96.72 | 82.20 | 94.88 | 30.59 | 30.92 | 15.43 | 15.80 | 20.30 | 31.32 | 36.90 | 36.40 |
| Operating Profit | 3.13 | 4.36 | 3.65 | 2.08 | 0.03 | 0.95 | 0.79 | 0.78 | 1.62 | 1.72 | 1.82 |
| OPM % | 3.13% | 5.04% | 3.70% | 6.37% | 0.10% | 5.80% | 4.76% | 3.70% | 4.92% | 4.45% | 4.76% |
| Other Income | 0.16 | 0.03 | -0.06 | 0.02 | 0.08 | 0.05 | 0.04 | -0.06 | -0.21 | -0.05 | 0.85 |
| Interest | 0.98 | 1.84 | 2.04 | 1.02 | 0.51 | 0.45 | 0.32 | 0.39 | 0.42 | 0.27 | 0.23 |
| Depreciation | 0.59 | 0.50 | 0.46 | 0.40 | 0.31 | 0.20 | 0.17 | 0.13 | 0.19 | 0.39 | 0.39 |
| Profit before tax | 1.72 | 2.05 | 1.09 | 0.68 | -0.71 | 0.35 | 0.34 | 0.20 | 0.80 | 1.01 | 2.05 |
| Tax % | 31.98% | 34.15% | 47.71% | 77.94% | -30.99% | 34.29% | 20.59% | -95.00% | 38.75% | 16.83% | |
| Net Profit | 1.16 | 1.35 | 0.57 | 0.16 | -0.49 | 0.23 | 0.27 | 0.38 | 0.49 | 0.83 | 1.61 |
| EPS in Rs | 13.21 | 4.39 | 1.85 | 0.52 | -1.59 | 0.75 | 0.88 | 1.24 | 1.59 | 2.70 | 5.23 |
| Dividend Payout % | 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 | % | 5% | 33% | -3% | ||
| Compounded Profit Growth | % | 33% | 48% | 186% | ||
| Stock Price CAGR | % | % | % | 19% | ||
| Return on Equity | 3% | 3% | 4% | 5% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves | 14.64 | 13.79 | 14.19 | 13.41 | 12.55 | 12.78 | 13.05 | 13.43 | 13.93 | 14.76 |
| Borrowings | 12.16 | 31.40 | 14.06 | 25.27 | 23.08 | 23.67 | 21.73 | 24.47 | 21.88 | 16.94 |
| Other Liabilities | 3.73 | 6.42 | 28.12 | 15.66 | 4.92 | 2.40 | 4.22 | 2.14 | 1.96 | 1.86 |
| Total Liabilities | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
| Fixed Assets | 2.00 | 1.68 | 1.69 | 1.22 | 0.83 | 0.69 | 0.50 | 0.55 | 2.13 | 1.74 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 |
| Investments | 5.46 | 5.46 | 5.46 | 5.26 | 4.89 | 4.89 | 4.35 | 9.80 | 2.72 | 5.13 |
| Other Assets | 23.95 | 47.54 | 52.29 | 50.93 | 37.90 | 36.34 | 37.15 | 32.76 | 35.99 | 29.76 |
| Total Assets | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3.79 | -17.58 | -0.94 | -12.00 | 4.94 | 0.00 | 2.35 | 3.27 | -2.76 | 7.24 |
| Cash from Investing Activity | 0.51 | -0.19 | -0.82 | 0.84 | 0.01 | -0.06 | -0.04 | -5.62 | 5.73 | -2.08 |
| Cash from Financing Activity | 2.77 | 17.40 | 1.58 | 11.13 | -4.97 | 0.01 | -2.33 | 2.30 | -2.90 | -5.29 |
| Net Cash Flow | -0.51 | -0.37 | -0.18 | -0.03 | -0.02 | -0.05 | -0.02 | -0.04 | 0.07 | -0.13 |
| Free Cash Flow | -3.87 | -17.77 | -1.46 | -11.94 | 4.95 | -0.07 | 2.30 | 3.09 | -4.53 | 7.19 |
| CFO/OP | -103% | -387% | -4% | -577% | 16,467% | 12% | 297% | 419% | -156% | 431% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22.01 | 22.35 | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 23.55 | 22.27 | 23.16 |
| Inventory Days | 1.94 | 342.30 | 0.00 | 0.00 | 0.00 | 0.00 | 812.40 | 490.00 | 263.77 | |
| Days Payable | 26.80 | 44.04 | 50.88 | 12.65 | 2.70 | |||||
| Cash Conversion Cycle | -2.85 | 320.61 | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 785.07 | 499.63 | 284.23 |
| Working Capital Days | 33.96 | 47.56 | -96.17 | -165.02 | -10.38 | 24.29 | -32.56 | 261.80 | 233.69 | 164.54 |
| ROCE % | 10.35% | 8.04% | 4.68% | -0.30% | 2.05% | 1.71% | 1.65% | 3.58% | 3.61% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% |
| Public | 31.27% | 31.27% | 31.27% | 31.27% | 31.27% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% |
| No. of Shareholders | 285 | 285 | 285 | 304 | 391 | 391 | 401 | 410 | 421 | 450 | 459 | 461 |
Fundamentals
Market Cap₹ 64.2 Cr.
Current Price₹ 209
Stock P/E38.7
Book Value₹ 58.0
ROCE3.61 %
ROE5.00 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)186%
Standalone figures.
Valuation
Market capRs 66 Cr
Enterprise valueRs 83 Cr
P/E (TTM)79.63x
Price to book3.71x
Price to sales1.73x
EV / EBITDA31.06x
EV / EBIT36.38x
EV / sales2.17x
Price to cash flow9.13x
Earnings yield1.26%
P/E, 3-year average92.74x
P/B, 3-year average3.39x
P/E, 5-year average92.74x
P/B, 5-year average3.39x
Profitability
Operating margin (excl. other income)4.45%
Operating margin (incl. other income)4.32%
EBITDA margin6.99%
Pre-tax margin5.36%
Net profit margin2.17%
Net margin, latest quarter9.32%
ROE4.77%
ROCE3.48%
ROA2.14%
ROE, 3-year average3.34%
ROCE, 3-year average2.68%
ROA, 3-year average1.40%
ROE, 5-year average2.63%
ROCE, 5-year average2.36%
ROA, 5-year average1.08%
ROIC (approx.)5.47%
Tax rate16.83%
Other income / net worth-0.28%
Growth
Sales growth (latest year)17.24%
Profit growth (latest year)69.39%
Sales CAGR, 3 years32.53%
Sales CAGR, 5 years4.53%
Profit CAGR, 3 years45.40%
Sales growth QoQ-5.94%
Profit growth QoQ118.18%
Sales growth YoY (latest quarter)-3.65%
Profit growth YoY (latest quarter)405.26%
Per share
EPS (TTM)Rs 2.70
EPS (latest year)Rs 2.70
EPS (latest quarter)Rs 3.12
EPS, 3-year averageRs 1.84
EPS, 5-year averageRs 1.43
Book value per shareRs 58.00
Sales per shareRs 124.32
Cash flow per shareRs 23.55
Free cash flow per shareRs 23.39
Efficiency
Asset turnover1.05x
Fixed asset turnover22.20x
Inventory turnover1.41x
Inventory days259 days
Debtor days23 days
Debtors turnover15.76x
Creditor days3 days
Cash conversion cycle284 days
Working capital days165 days
Leverage
Total debtRs 17 Cr
Cash and bankRs 0 Cr
Net debtRs 17 Cr
Debt to equity0.95x
Net debt / EBITDA6.31x
Interest coverage9.91x
Owners' fund to total sources48.68%
Debt to assets46.25%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years4.59x
Sales to cash flow5.33x
Statement figures
Net sales (TTM)Rs 38 Cr
Net sales (latest year)Rs 39 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 37 Cr
Total income (latest year)Rs 39 Cr
Share capitalRs 3 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 18 Cr
Total assetsRs 37 Cr
Net blockRs 2 Cr
InvestmentsRs 5 Cr
ReceivablesRs 2 Cr
InventoryRs 14 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding68.74% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 36.7 is at the 7th percentile of its own 2.4-year range
(median 90.1, low 34.2, high 132.8).
P/B 3.71 is at the 76th percentile (median 3.07).
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 | 542376 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.9% | -2.8% | +4.7 pts |
| 1 month | +7.8% | -6.8% | +14.6 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
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
Jun 2026Sales ₹10 Cr -3.6% vs Jun 2025.
Net profit ₹1 Cr +405.3%.
Activity
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| Stellant Securities (India) Ltd | 530 | 14.5 | 71.7 % |
| The Investment Trust of India Ltd | 473 | 14.5 | 8.54 % |
| Akiko Global Services Ltd | 467 | 24.2 | 37.3 % |
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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 SPA Capital Services Ltd?
SPA Capital Services Ltd (542376) has a market capitalisation of Rs 64.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of SPA Capital Services Ltd?
SPA Capital Services Ltd trades at a P/E of 38.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were SPA Capital Services Ltd's latest quarterly results?
In the Jun 2026 quarter, SPA Capital Services Ltd sales was Rs 10 Cr (-3.6% vs Jun 2025) and net profit was Rs 1 Cr.