Price
Financials
Consolidated, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 108 | 94 | 115 | 127 |
| Expenses | 101 | 84 | 108 | 122 |
| Operating Profit | 7 | 9 | 7 | 5 |
| OPM % | 7% | 10% | 6% | 4.0% |
| Other Income | 1 | 1 | 1 | 0 |
| Interest | 0 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 8 | 9 | 7 | 4 |
| Tax % | 24% | 27% | 21% | 32% |
| Net Profit | 6 | 7 | 6 | 3 |
| EPS in Rs | 59.90 | 4.52 | 3.09 | 1.54 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 96 | 160 | 176 | 192 | 201 | 239 |
| Expenses | 95 | 158 | 174 | 178 | 184 | 227 |
| Operating Profit | 2 | 2 | 2 | 14 | 17 | 12 |
| OPM % | 1.6% | 1.0% | 1.1% | 7% | 8% | 5% |
| Other Income | 2 | 5 | 6 | 4 | 1 | 2 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 3 | 6 | 7 | 16 | 17 | 12 |
| Tax % | 25% | 28% | 29% | 30% | 26% | 25% |
| Net Profit | 2 | 4 | 5 | 11 | 13 | 9 |
| EPS in Rs | 96.47 | 165.90 | 51.60 | 112.90 | 8.51 | 4.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 20% | 11% | 19% | ||
| Compounded Profit Growth | % | 31% | 19% | -31% | ||
| Stock Price CAGR | % | % | % | -35% | ||
| Return on Equity | % | 32% | 29% | 14% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.24 | 0.24 | 1 | 1 | 15 | 19 |
| Reserves | 4 | 8 | 13 | 25 | 24 | 65 |
| Borrowings | 2 | 2 | 4 | 7 | 17 | 5 |
| Other Liabilities | 34 | 51 | 57 | 47 | 42 | 50 |
| Total Liabilities | 40 | 62 | 76 | 79 | 97 | 139 |
| Fixed Assets | 1 | 5 | 5 | 5 | 5 | 20 |
| CWIP | 0 | 0 | 0 | 1 | 5 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 39 | 57 | 71 | 74 | 88 | 112 |
| Total Assets | 40 | 62 | 76 | 79 | 97 | 139 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 3 | -3 | 0 | -3 | -8 |
| Cash from Investing Activity | -2 | -2 | -0 | -2 | -6 | -17 |
| Cash from Financing Activity | 1 | 1 | 2 | 2 | 9 | 24 |
| Net Cash Flow | 1 | 1 | -1 | 1 | 1 | -1 |
| Free Cash Flow | 1 | -1 | -3 | -1 | -6 | -27 |
| CFO/OP | 167% | 249% | -26% | 37% | 11% | -43% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 49 | 62 | 67 | 81 | 70 | 79 |
| Inventory Days | 66 | 55 | 77 | 56 | 81 | 74 |
| Days Payable | 127 | 116 | 111 | 77 | 65 | 76 |
| Cash Conversion Cycle | -12 | 2 | 33 | 60 | 85 | 77 |
| Working Capital Days | 0 | 5 | 18 | 36 | 49 | 85 |
| ROCE % | 68% | 51% | 65% | 41% | 18% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 67.10% | 67.10% | 67.10% | 67.10% |
| Public | 32.90% | 32.90% | 32.90% | 32.90% |
| No. of Shareholders | 1,547 | 1,489 | 1,365 | 1,353 |
Fundamentals
Market Cap₹ 115 Cr.
Current Price₹ 60.7
Stock P/E13.1
Book Value₹ 44.0
ROCE17.8 %
ROE14.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)-31%
Consolidated figures.
Valuation
Market capRs 110 Cr
Enterprise valueRs 110 Cr
P/E (TTM)27.60x
Price to book12.86x
Price to sales0.69x
EV / EBITDA17.63x
EV / EBIT18.74x
EV / sales0.69x
Price to cash flow41.87x
Earnings yield3.62%
Profitability
Operating margin (excl. other income)1.04%
Operating margin (incl. other income)3.89%
EBITDA margin3.89%
Pre-tax margin3.45%
Net profit margin2.49%
ROE60.59%
ROCE68.38%
ROA7.82%
ROIC (approx.)51.34%
Tax rate27.72%
Other income / net worth53.27%
Growth
Sales growth (latest year)66.60%
Profit growth (latest year)71.98%
Per share
EPS (TTM)Rs 2.10
EPS (latest year)Rs 165.90
Book value per shareRs 4.50
Sales per shareRs 84.24
Cash flow per shareRs 1.38
Free cash flow per shareRs -14.21
Efficiency
Asset turnover2.58x
Fixed asset turnover33.49x
Inventory turnover6.65x
Inventory days55 days
Debtor days62 days
Debtors turnover5.87x
Creditor days76 days
Cash conversion cycle77 days
Working capital days85 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 3 Cr
Net debtRs -0 Cr
Debt to equity0.28x
Net debt / EBITDA-0.05x
Interest coverage17.24x
Owners' fund to total sources13.80%
Debt to assets3.89%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -27 Cr
FCFE (approx.: FCF + change in debt)Rs -26 Cr
Cash from ops / profit, 5 years-0.26x
Sales to cash flow60.86x
Statement figures
Net sales (TTM)Rs 160 Cr
Net sales (latest year)Rs 160 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 136 Cr
Total expenditure (latest year)Rs 158 Cr
Total income (latest year)Rs 165 Cr
Share capitalRs 0 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 62 Cr
Net blockRs 5 Cr
ReceivablesRs 27 Cr
InventoryRs 21 Cr
Other liabilitiesRs 51 Cr
Shares outstanding (crore)1.90
Ownership
Promoter holding67.10%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | SMARTEN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.9% | -2.8% | -5.2 pts |
| 1 month | +1.1% | -6.8% | +7.9 pts |
| 3 months | -4.1% | -7.6% | +3.5 pts |
| 6 months | +26.5% | +0.4% | +26.1 pts |
| 1 year | -38.6% | -9.9% | -28.7 pts |
Red flags
F-score 6 of 8| explain | Receivables outrunning sales Receivables grew 114% vs sales +67% in 2026 |
| look | Profit leans on other income Other income was 83% of pre-tax profit 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
No quarterly results published.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Smarten Power Systems Ltd?
Smarten Power Systems Ltd (SMARTEN) has a market capitalisation of Rs 115 Cr. at the 2026-10-01 close.
What is the P/E ratio of Smarten Power Systems Ltd?
Smarten Power Systems Ltd trades at a P/E of 13.1 on trailing twelve-month profit, at the 2026-10-01 close.
What is the 52-week high and low of Smarten Power Systems Ltd?
The 52-week high is Rs 96.80 and the 52-week low is Rs 42.00.