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 | 2.21 | 2.28 | 2.38 | 2.13 | 1.39 | 1.89 | 2.45 | 1.93 | 1.53 | 0.63 | 2.18 | 0.08 |
| Expenses | 3.35 | 3.21 | 2.78 | 3.02 | 2.74 | 2.58 | 5.20 | 2.48 | 2.17 | 2.26 | 0.43 | 0.92 |
| Operating Profit | -1.14 | -0.93 | -0.40 | -0.89 | -1.35 | -0.69 | -2.75 | -0.55 | -0.64 | -1.63 | 1.75 | -0.84 |
| OPM % | -51.58% | -40.79% | -16.81% | -41.78% | -97.12% | -36.51% | -112.24% | -28.50% | -41.83% | -258.73% | 80.28% | -1,050.00% |
| Other Income | -1.43 | -2.07 | -2.29 | -1.32 | -1.88 | -2.86 | -4.85 | -2.74 | -10.87 | -4.04 | 1.08 | 0.40 |
| Interest | 0.54 | 0.68 | 0.68 | 0.71 | 0.76 | 0.63 | 0.79 | 2.00 | 0.67 | 0.60 | 1.78 | 0.62 |
| Depreciation | 0.71 | 0.73 | 0.73 | 0.67 | 0.67 | 0.67 | -0.02 | 0.29 | 0.29 | 0.29 | 0.28 | 0.28 |
| Profit before tax | -3.82 | -4.41 | -4.10 | -3.59 | -4.66 | -4.85 | -8.37 | -5.58 | -12.47 | -6.56 | 0.77 | -1.34 |
| Tax % | -2.36% | -3.17% | 16.34% | -0.28% | -0.43% | -0.62% | -4.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -3.73 | -4.26 | -4.76 | -3.58 | -4.65 | -4.82 | -8.00 | -5.59 | -12.47 | -6.56 | 0.77 | -1.34 |
| EPS in Rs | -0.81 | -0.92 | -1.03 | -0.78 | -1.01 | -1.05 | -1.73 | -1.21 | -2.70 | -1.42 | 0.17 | -0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 36 | 42 | 26 | 37 | 16 | 9 | 11 | 12 | 8 | 6 | 4 |
| Expenses | 35 | 38 | 44 | 34 | 31 | 22 | 12 | 7 | 14 | 13 | 7 | 6 |
| Operating Profit | -10 | -2 | -3 | -8 | 6 | -6 | -2 | 4 | -2 | -5 | -1 | -1 |
| OPM % | -37% | -6% | -7% | -30% | 16% | -35% | -24% | 35% | -16% | -68% | -15% | -31% |
| Other Income | -0 | -21 | 4 | 5 | 2 | 3 | -4 | -2 | -9 | -11 | -17 | -13 |
| Interest | 3 | 2 | 3 | 3 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 4 |
| Depreciation | 11 | 7 | 6 | 5 | 5 | 4 | 5 | 4 | 3 | 2 | 1 | 1 |
| Profit before tax | -24 | -32 | -8 | -11 | 1 | -8 | -12 | -5 | -16 | -22 | -24 | -20 |
| Tax % | -16% | -5% | 2% | -2% | 21% | 2% | 2% | -32% | 3% | -2% | 0% | |
| Net Profit | -20 | -31 | -8 | -11 | 1 | -9 | -13 | -3 | -17 | -21 | -24 | -20 |
| EPS in Rs | -4.29 | -6.64 | -1.84 | -2.33 | 0.23 | -1.87 | -2.77 | -0.67 | -3.64 | -4.56 | -5.17 | -4.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -13% | -17% | -17% | -42% | ||
| Compounded Profit Growth | 6% | 2% | % | 57% | ||
| Stock Price CAGR | 26% | 51% | 29% | -41% | ||
| Return on Equity | -9% | -12% | -28% | -65% |
| 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 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 41 | 21 | 49 | 41 | 31 | 33 | 26 | 7 | 3 | -13 | -33 | -43 |
| Borrowings | 27 | 16 | 28 | 25 | 22 | 28 | 30 | 31 | 25 | 28 | 31 | 21 |
| Other Liabilities | 30 | 47 | 51 | 58 | 64 | 75 | 64 | 88 | 89 | 85 | 84 | 91 |
| Total Liabilities | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
| Fixed Assets | 98 | 87 | 133 | 126 | 122 | 117 | 113 | 87 | 78 | 75 | 72 | 74 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46 | 43 | 42 | 44 | 41 | 65 | 54 | 85 | 86 | 71 | 56 | 41 |
| Total Assets | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
| 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 | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -22 | -3 | -9 | -2 | 13 |
| Cash from Investing Activity | 0 | 1 | 26 | 7 | 1 | 1 | 1 | 21 | 12 | 9 | 1 | 2 |
| Cash from Financing Activity | -6 | 6 | 8 | -6 | -5 | 5 | 1 | 1 | -8 | 0 | 0 | -15 |
| Net Cash Flow | -0 | -0 | 6 | -6 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -2 | 7 | -1 | -2 | 13 |
| CFO/OP | 48% | 73% | 1,356% | 227% | -51% | -112% | 42% | 972% | -78% | 453% | 31% | -1,380% |
| 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 | 44 | 54 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 36 | 36 | 34 |
| Inventory Days | 2,094 | 1,178 | 2,838 | 2,947 | 716 | |||||||
| Days Payable | 558 | 346 | 343 | 449 | 788 | |||||||
| Cash Conversion Cycle | 1,580 | 886 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 2,531 | 2,534 | -38 |
| Working Capital Days | 39 | -214 | -34 | 11 | -63 | 52 | 92 | 632 | 465 | 31 | -784 | -2,053 |
| ROCE % | 3% | -20% | -6% | -6% | -8% | 3% | -4% | -6% | 9% | -5% | -11% | 0% |
| 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 | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% | 59.18% |
| FIIs | 0.02% | 0.02% | 0.09% | 0.11% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 40.78% | 40.78% | 40.70% | 40.69% | 40.78% | 40.79% | 40.78% | 40.79% | 40.79% | 40.78% | 40.79% | 40.80% |
| No. of Shareholders | 62,288 | 65,538 | 73,794 | 77,553 | 88,911 | 92,078 | 97,385 | 98,367 | 1,09,590 | 1,10,132 | 1,09,999 | 1,10,209 |
Fundamentals
Market Cap₹ 576 Cr.
Current Price₹ 125
Book Value₹ 0.66
ROCE0.06 %
ROE-64.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-42%
Compounded Profit Growth (TTM)57%
Standalone figures.
Valuation
Market capRs 576 Cr
Enterprise valueRs 597 Cr
Price to book188.84x
Price to sales130.31x
EV / sales135.03x
Price to cash flow44.51x
Earnings yield-3.40%
P/B, 3-year average82.32x
P/B, 5-year average51.16x
Profitability
Operating margin (excl. other income)-14.97%
Operating margin (incl. other income)-279.14%
EBITDA margin-334.62%
Pre-tax margin-443.44%
Net profit margin-443.44%
Net margin, latest quarter-1675.00%
ROE-298.56%
ROCE-55.04%
ROA-19.61%
ROE, 3-year average-143.58%
ROCE, 3-year average-36.76%
ROA, 3-year average-15.29%
ROE, 5-year average-91.45%
ROCE, 5-year average-24.97%
ROA, 5-year average-11.05%
ROIC (approx.)-66.60%
Other income / net worth-543.93%
Growth
Sales growth (latest year)-20.10%
Sales CAGR, 3 years-17.44%
Sales CAGR, 5 years-16.98%
Sales growth QoQ-96.33%
Profit growth QoQ-274.03%
Sales growth YoY (latest quarter)-95.85%
Per share
EPS (TTM)Rs -4.25
EPS (latest year)Rs -5.17
EPS (latest quarter)Rs -0.29
EPS, 3-year averageRs -4.46
EPS, 5-year averageRs -3.36
Book value per shareRs 0.66
Sales per shareRs 0.96
Cash flow per shareRs 2.81
Free cash flow per shareRs 2.82
Efficiency
Asset turnover0.05x
Fixed asset turnover0.08x
Inventory turnover1.23x
Inventory days296 days
Debtor days34 days
Debtors turnover10.64x
Creditor days788 days
Cash conversion cycle-38 days
Working capital days-2053 days
Leverage
Total debtRs 21 Cr
Net debtRs 21 Cr
Debt to equity6.84x
Interest coverage-4.34x
Owners' fund to total sources2.65%
Debt to assets18.14%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -15 Cr
Free cash flow (latest year)Rs 13 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Sales to cash flow0.49x
Statement figures
Net sales (TTM)Rs 4 Cr
Net sales (latest year)Rs 6 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs -13 Cr
EBITDA (TTM)Rs -15 Cr
PBDT (TTM)Rs -18 Cr
Profit before tax (TTM)Rs -20 Cr
Net profit (TTM)Rs -20 Cr
Net profit (latest year)Rs -24 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs -10 Cr
Share capitalRs 46 Cr
ReservesRs -43 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 115 Cr
Net blockRs 74 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 1 Cr
InventoryRs 3 Cr
Other liabilitiesRs 91 Cr
Shares outstanding (crore)4.61
Ownership
Promoter holding59.18% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 188.84 is at the 99th percentile (median 2.95).
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 | SPELS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -15.4% | -2.8% | -12.6 pts |
| 3 years | +116.1% | +14.2% | +102.0 pts |
| 5 years | +690.4% | +27.9% | +662.6 pts |
Red flags
F-score 5 of 8| look | Repeated losses Net loss in each of the last two years |
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 ₹0 Cr -95.9% vs Jun 2025.
Net loss ₹1 Cr.
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.
Company has failed to pay Annual listing fee
Quick answers
What is the market cap of Spel Semiconductor Ltd?
Spel Semiconductor Ltd (SPELS) has a market capitalisation of Rs 576 Cr. at the 2026-09-28 close.
What were Spel Semiconductor Ltd's latest quarterly results?
In the Jun 2026 quarter, Spel Semiconductor Ltd sales was Rs 0 Cr (-95.9% vs Jun 2025) with a net loss of Rs 1 Cr.
What is the 52-week high and low of Spel Semiconductor Ltd?
The 52-week high is Rs 157.00 and the 52-week low is Rs 124.89.