MarketFriction

SEPC Ltd

NSE SEPC · BSE 532945 · Civil Construction
₹5.08 +1.20%
NSE close2026-10-01
52 week range4.65 - 12.24
Market cap₹977 Cr.
P/E36.3
Price band 20% Delivery 39.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales129141148176171133118202237341274274
Expenses121143141152163130102174227312264257
Operating Profit8-272483152811291017
OPM %7%-1.3%4.6%14%4.5%2.6%13%14%4.5%8%3.7%6%
Other Income1020142111382140159
Interest111113131091291210911
Depreciation111111111111
Profit before tax6671376101911171513
Tax %0%0%0%36%67%20%0%13%23%14%8%184%
Net Profit667824101781514-11
EPS in Rs0.030.030.030.040.010.020.050.090.040.080.07-0.06
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5487448291,2021,2085833293795615981,0541,126
Expenses5197368131,1391,1496413664355275339651,059
Operating Profit288166359-58-36-5634649067
OPM %5%1.1%1.9%5%4.9%-10%-11%-15%6%11%9%6%
Other Income468310570-1512-5315546343037
Interest272298104951151261256752585343
Depreciation766666665555
Profit before tax-204-2131131-77-178-2212523356256
Tax %0%-35%118%3%0%1%19%119%0%29%14%
Net Profit-204-137-231-77-179-264-523255426
EPS in Rs-4.28-1.02-0.010.22-0.55-1.28-1.88-0.030.120.130.280.13
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%13%41%80%
Compounded Profit Growth9%18%36%-42%
Stock Price CAGR-13%-1%-25%-57%
Return on Equity-4%-3%3%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital863319379729729729729721,3221,4101,5641,943
Reserves-36512520425828821232-234-235-200-58-24
Borrowings2,4221,967841800657684836981409455358353
Other Liabilities4845288831,1211,055735577505506544523820
Total Liabilities2,6272,9512,8653,1512,9712,6032,4162,2232,0022,2092,3873,093
Fixed Assets415561565551454136312622
CWIP29100000000000
Investments551111110102
Other Assets2,5522,8802,8033,0942,9152,5512,3702,1821,9652,1782,3613,069
Total Assets2,6272,9512,8653,1512,9712,6032,4162,2232,0022,2092,3873,093
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2991228302-7-50-7221-121-133-263
Cash from Investing Activity22-621-384021112-244-7
Cash from Financing Activity30635-81-257-522568-6130118289
Net Cash Flow2942-327-19-4-327-15-1119
Free Cash Flow-3221126298-8-50-7224-121-133-264
CFO/OP433%-48%215%471%-3%79%146%-40%-355%-199%-301%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days168194237160147145252413281195225204
Inventory Days679421
Days Payable1,8951,894
Cash Conversion Cycle-1,048-1,280237160147145252413281195225204
Working Capital Days1253391883177177213143621523623454
ROCE %2%6%4%6%7%5%-2%-2%-3%5%6%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters27.75%27.75%26.97%37.65%33.94%33.37%33.37%27.35%27.35%26.53%18.67%11.67%
FIIs0.34%0.42%0.47%0.65%0.76%0.64%0.65%0.68%0.62%0.60%0.96%1.04%
DIIs37.53%26.58%25.16%24.93%19.00%19.15%19.14%15.75%14.52%14.55%13.91%13.91%
Public34.38%45.24%47.41%36.78%46.30%46.84%46.85%56.22%57.51%58.31%66.46%73.39%
No. of Shareholders82,0431,28,3261,62,3311,74,4562,68,2682,80,7102,87,8713,02,0363,07,5013,12,8273,17,1393,22,629

Fundamentals

Market Cap₹ 977 Cr.
Current Price₹ 5.10
Stock P/E36.3
Book Value₹ 10.2
ROCE5.61 %
ROE3.18 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)80%
Compounded Profit Growth (TTM)-42%
Consolidated figures.
Valuation
Market capRs 987 Cr
Enterprise valueRs 1,266 Cr
P/E (TTM)38.06x
Price to book0.51x
Price to sales0.88x
EV / EBITDA12.17x
EV / EBIT12.78x
EV / sales1.12x
Earnings yield2.63%
P/E, 3-year average64.92x
P/B, 3-year average1.21x
P/E, 5-year average64.92x
P/B, 5-year average1.13x
Profitability
Operating margin (excl. other income)8.51%
Operating margin (incl. other income)11.38%
EBITDA margin9.24%
Pre-tax margin5.00%
Net profit margin2.30%
Net margin, latest quarter-4.04%
ROE3.13%
ROCE5.56%
ROA1.95%
ROE, 3-year average2.31%
ROCE, 3-year average5.19%
ROA, 3-year average1.37%
ROE, 5-year average-4.78%
ROCE, 5-year average3.20%
ROA, 5-year average-1.50%
ROIC (approx.)3.88%
Tax rate13.90%
Other income / net worth1.58%
Growth
Sales growth (latest year)76.44%
Profit growth (latest year)115.54%
Sales CAGR, 3 years40.67%
Sales CAGR, 5 years12.59%
Sales growth QoQ-0.01%
Profit growth QoQ-180.48%
Sales growth YoY (latest quarter)35.36%
Profit growth YoY (latest quarter)-166.77%
Per share
EPS (TTM)Rs 0.13
EPS (latest year)Rs 0.28
EPS (latest quarter)Rs -0.06
EPS, 3-year averageRs 0.20
EPS, 5-year averageRs -0.43
Book value per shareRs 9.87
Sales per shareRs 5.79
Cash flow per shareRs -1.35
Free cash flow per shareRs -1.36
Efficiency
Asset turnover0.34x
Fixed asset turnover47.12x
Debtor days204 days
Debtors turnover1.79x
Creditor days1894 days
Cash conversion cycle204 days
Working capital days454 days
Leverage
Total debtRs 353 Cr
Cash and bankRs 75 Cr
Net debtRs 279 Cr
Debt to equity0.18x
Net debt / EBITDA2.68x
Interest coverage2.32x
Current ratio (filing 2026-03-31)2.54x
Quick ratio (filing 2026-03-31)2.54x
Trade payables (filing 2026-03-31)Rs 720 Cr
Owners' fund to total sources62.05%
Debt to assets11.43%
Cash flow
Cash from Operating Activity (latest year)Rs -263 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs 289 Cr
Net Cash Flow (latest year)Rs 19 Cr
Free cash flow (latest year)Rs -264 Cr
FCFE (approx.: FCF + change in debt)Rs -269 Cr
Statement figures
Net sales (TTM)Rs 1,126 Cr
Net sales (latest year)Rs 1,054 Cr
Sales (latest quarter)Rs 274 Cr
Operating profit excl. other income (latest year)Rs 90 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 37 Cr
EBITDA (TTM)Rs 104 Cr
PBDT (TTM)Rs 61 Cr
Profit before tax (TTM)Rs 56 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 26 Cr
Net profit (latest year)Rs 54 Cr
Net profit (latest quarter)Rs -11 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 43 Cr
Cost of goods sold (latest year)Rs 892 Cr
Total expenditure (latest year)Rs 965 Cr
Total income (latest year)Rs 1,085 Cr
Share capitalRs 1,943 Cr
ReservesRs -24 Cr
Shareholders' fundsRs 1,919 Cr
Total assetsRs 3,093 Cr
Net blockRs 22 Cr
InvestmentsRs 2 Cr
ReceivablesRs 589 Cr
Other liabilitiesRs 820 Cr
Shares outstanding (crore)194.33
Ownership
Promoter holding11.67% (-15.68 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 38.1 is at the 32th percentile of its own 3.4-year range (median 50.9, low 11.8, high 244.8).
P/B 0.51 is at the 4th percentile (median 1.69).
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.
PeriodSEPCNifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month-5.4%-6.8% +1.4 pts
3 months-24.1%-7.6% -16.4 pts
6 months+4.5%+0.4% +4.1 pts
1 year-58.9%-9.9% -49.0 pts
2 years-83.7%-13.6% -70.1 pts
3 years-61.5%+14.2% -75.7 pts
5 years-10.2%+27.9% -38.1 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -511% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
lookProfit leans on other income Other income was 49% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-05-22: We hereby inform the Exchange about the resubmission of the earlier intimation made under SEBI (LODR) Regulations, 2015. Detailed Letter is
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 2026
Sales ₹274 Cr +35.6% vs Jun 2025. Net loss ₹11 Cr.
Against our estimate for Jun 2026: sales -15.2%, profit -171.6% big miss. Our estimate for Sep 2026: sales Rs 379 Cr, profit Rs 15 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-05-23Rights 11: 50 @ Premium Rs 0/-
2024-09-20Annual General Meeting
2024-06-25Rights 6:55 @ Premium Rs 3
2023-11-28Rights 1:36 @ Premium Rs 3/-
2023-09-13Annual General Meeting
2023-03-29Rights 2:53 @ Premium Rs 0/-
2021-09-21 Annual General Meeting
2020-09-16 Annual General Meeting
2019-09-05 Annual General Meeting
2018-07-26 Annual General Meeting
2017-08-16 Annual General Meeting
2016-09-08 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-03Annual General Meeting
2013-12-05Annual General Meeting
2012-09-11Annual General Meeting/Dividend Rs 1.20 Per Share
2011-09-06Annual General Meeting And Dividend Rs.1.20 Per Share
2010-09-13Annual General Meeting And Dividend Rs.1.20 Per Share
2009-08-21Agm/Div-Rs.1.20 Per Share
2008-08-12Annual General Meeting
DateTypeWhat it says
2026-10-01General UpdatesWe hereby inform the exchange on the update of High court order, Settlement of Disputes and Removal of attachments.Disclosure under Regulation 30 of S...
2026-09-29Change in ManagementWe hereby inform the Exchange the Appointment of Ms. K B K Vasuki as an Independent Director of the Company in the 26th Annual General Meeting of the ...
2026-09-29Shareholder meetingWe hereby submit the Scrutinizers Report of the 26th Annual General Meeting of the Company along with Voting results under Regulation 44 of SEBI (LODR...
2026-09-28Shareholder meetingWe hereby inform the Exchange of the Outcome of the 26th Annual General meeting for the Financial Year 2025-26, held today i.e. September 28, 2026. De...
2026-09-05Shareholder meetingWe hereby inform the exchange of the Notice of the 26th Annual General Meeting of the Company for the Financial Year 2025-26 scheduled to be held on S...
2026-08-26Press ReleaseWe hereby informed the exchange of the press release titled " SEPC Receives In-Principle Approval to Enter UAE Petroleum Trading with 100% Acquisition...
2026-08-25Board meeting outcomeWe herewith enclose the Outcome of the Board Meeting held today i.e., August 25, 2026. Detailed letter is enclosed.
2026-08-14Monitoring Agency ReportWe herewith enclosed the Monitoring Agency Report for the Quarter ended June 30, 2026. Detailed letter is enclosed.
2026-08-13ResignationResignation of Director/KMP/SMP
2026-08-13ResignationResignation of Director/KMP/SMP
2026-08-13ResignationWe hereby inform the Exchange regarding Resignation of Mr. Rajesh Kumar Bansal, Non- Executive- Independent Director of the company w.e.f. August 13,...
2026-08-12Press ReleaseOf the press release titled "SEPC Reports 40% YoY Revenue Growth in June Quarter Despite Overseas margin Headwinds". Detailed letter is enclosed.
2026-08-11Board meeting outcomeWe enclose the Unaudited Standalond and Consolidated Financial Results for the quarter ended June 30, 2026. Detailed letter is enclosed.
2026-08-07General UpdatesGeneral Updates on Order received from TCIL, its cancellation and subsequent action
2026-08-06Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-06Shareholder meetingWe herewith attcahed the Scrutinizer Report for the Postal Ballot along with Voting Results as per Regulation 44 of SEBI LODR Regulations, 2015. Detai...
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Press Release SEPC secures Rs.854.57 crore Letter of Acceptance for Pellet Plant BOP including Civil...
2026-08-05Order winBagging/Receiving of orders/contracts
2026-07-22Shareholder meetingWe hereby inform the Exchange the Corrigendum to Postal Ballot Notice dated July 06, 2026. Detailed letter is enclosed.
2026-07-16Reply to Clarification- FinaThe Exchange had sought clarification from SEPC Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligatio...
2026-07-13UpdatesWe hereby inform the Exchange regarding the cancellation of an EPC Sub-contract received by its unincorporated Joint Operation. Detailed letter is enc...
2026-07-08Press Release (Revised)SEPC MAKES A BIG GLOBAL MOVE; TO ACQUIRE UP TO 90% STAKE IN UAE- BASED AVENIR THROUGH THE PREFERENTIAL ALLOTMENT OF 153 CRORE EQUITY SHARES AT AN ISSU...
2026-07-08Press ReleaseSEPC MAKES A BIG GLOBAL MOVE; TO ACQUIRE UP TO 90% STAKE IN UAE-BASED AVENIR THROUGH THE PREFERENTIAL ALLOTMENT OF 153 CRORE EQUITY SHARES AT AN ISSUE...
2026-07-06Shareholder meetingNotice of Postal Ballot
2026-07-06Board meeting outcomeWe herewith enclose the Outcome of the Board Meeting held today i.e., July 06, 2026. Detailed letter is enclosed.
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.
Order dateForumCase
2021-03-08NCLTSapphire Lifters Vs Shriram EPC Ltd
2019-02-08NCLATCentrum Capital Ltd. VS Shriram EPC Ltd.
2019-01-21NCLATCentrum Capital Ltd. VS Shriram EPC Ltd.
2018-12-11NCLATCentrum Capital Ltd. VS Shriram EPC Ltd.
2018-11-05NCLATCentrum Capital Ltd. VS Shriram EPC Ltd.
2018-10-22NCLATCentrum Capital Ltd. VS Shriram EPC Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of SEPC Ltd?

SEPC Ltd (SEPC) has a market capitalisation of Rs 977 Cr. at the 2026-10-01 close.

What is the P/E ratio of SEPC Ltd?

SEPC Ltd trades at a P/E of 36.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were SEPC Ltd's latest quarterly results?

In the Jun 2026 quarter, SEPC Ltd sales was Rs 274 Cr (+35.6% vs Jun 2025) with a net loss of Rs 11 Cr.

What is the 52-week high and low of SEPC Ltd?

The 52-week high is Rs 12.24 and the 52-week low is Rs 4.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03