MarketFriction

SPML Infra Ltd

NSE SPMLINFRA · BSE 500402 · Civil Construction
₹159.31 -1.06%
NSE close2026-10-01
52 week range151.01 - 250.65
Market cap₹1,379 Cr.
P/E16.2
Price band 20% Delivery 41.5%

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
Sales254252461207189188189156190230291284
Expenses254256444195176178179149179205270257
Operating Profit0-41812131010711252027
OPM %0.1%-1.4%3.8%6%7%5%5%4.6%6%11%7%9%
Other Income39291512412178131
Interest235010911090525
Depreciation111000000111
Profit before tax12-4161612131519202023
Tax %68%40%-7%19%17%18%4%19%21%0%-33%0%
Net Profit01-4131310121215202723
EPS in Rs0.070.23-1.812.182.201.401.681.692.102.663.452.70
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0352,2762,0492,0121,7066839528831,319777868995
Expenses1,8332,1001,8331,8431,6306909478541,301728803912
Operating Profit20217621716976-752918496583
OPM %10%8%11%8%4.5%-1.1%0.5%3.3%1.4%6%8%8%
Other Income53997368112-43302841121915
Interest225260214161157673350574812
Depreciation27211711116432123
Profit before tax3-6606521-123-23-0577582
Tax %361%-100%19%38%71%-4%-65%88%600%15%0%
Net Profit-11-450407-11700-2487585
EPS in Rs-1.63-2.3313.7510.841.80-31.980.080.09-1.426.709.4710.91
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-8%5%-1%38%
Compounded Profit Growth22%55%467%81%
Stock Price CAGR9%71%49%-33%
Return on Equity4%5%6%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8888888910111517
Reserves464460372457412376254277315450755932
Borrowings8421,2061,2361,4061,4461,5281,8441,8461,771549369358
Other Liabilities1,3891,5801,3821,4961,6301,086615667696883828990
Total Liabilities2,7033,2532,9983,3673,4962,9982,7202,7992,7931,8921,9672,296
Fixed Assets31964330830329112211713312942643
CWIP8796544846565656560064
Investments180142194152172119706559383936
Other Assets2,1162,3722,4422,8632,9862,7012,4782,5452,5491,8121,9222,154
Total Assets2,7033,2532,9983,3673,4962,9982,7202,7992,7931,8921,9672,296
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity258295-161234178-3-302-1920594-85-113
Cash from Investing Activity-69998978325991364623-90-2
Cash from Financing Activity-182-39069-330-168-273231-16-87-4107749
Net Cash Flow74-3-1812-17191-21208-99-66
Free Cash Flow240303-160229148157-300-1630561-85-179
CFO/OP189%153%-85%99%147%4%4,179%-432%125%3,137%-180%-184%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days141166104116123100651468190112186216
Inventory Days132320271920155153549136287414
Days Payable2313462503302682008427152,5811,3172,7352,084
Cash Conversion Cycle-77-156-125-188-126-80-36-94-1,842-1,070-2,262-1,454
Working Capital Days-76-40-85-3-14515322530116159
ROCE %14%15%15%15%11%9%3%1%3%4%6%6%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters39.35%39.35%35.93%35.93%34.80%35.21%35.12%35.12%37.79%40.19%40.85%40.51%
FIIs0.00%0.41%0.59%0.97%0.76%0.70%0.34%0.27%0.15%0.36%0.33%0.39%
DIIs2.34%2.34%1.93%1.93%1.72%1.70%1.76%1.98%1.79%1.89%1.82%1.84%
Public58.31%57.92%61.55%61.17%62.72%62.37%62.79%62.64%60.28%57.57%57.01%57.25%
No. of Shareholders9,6199,50610,36513,34714,08114,21415,78420,78820,59022,44226,07926,036

Fundamentals

Market Cap₹ 1,379 Cr.
Current Price₹ 162
Stock P/E16.2
Book Value₹ 120
ROCE6.47 %
ROE8.28 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)81%
Consolidated figures.
Valuation
Market capRs 1,256 Cr
Enterprise valueRs 1,447 Cr
P/E (TTM)14.73x
Price to book1.32x
Price to sales1.26x
EV / EBITDA14.84x
EV / EBIT15.26x
EV / sales1.45x
Earnings yield6.79%
P/E, 3-year average20.67x
P/B, 3-year average1.45x
P/E, 5-year average261.09x
P/B, 5-year average1.10x
Profitability
Operating margin (excl. other income)7.53%
Operating margin (incl. other income)9.76%
EBITDA margin9.80%
Pre-tax margin8.29%
Net profit margin8.57%
Net margin, latest quarter7.98%
ROE8.69%
ROCE6.76%
ROA3.50%
ROE, 3-year average4.90%
ROCE, 3-year average5.35%
ROA, 3-year average1.90%
ROE, 5-year average2.99%
ROCE, 5-year average4.01%
ROA, 5-year average1.14%
ROIC (approx.)8.32%
Other income / net worth2.05%
Growth
Sales growth (latest year)11.76%
Profit growth (latest year)55.78%
Sales CAGR, 3 years-0.56%
Sales CAGR, 5 years4.93%
Profit CAGR, 3 years476.39%
Sales growth QoQ-2.14%
Profit growth QoQ-16.56%
Sales growth YoY (latest quarter)82.34%
Profit growth YoY (latest quarter)87.13%
Per share
EPS (TTM)Rs 10.81
EPS (latest year)Rs 9.47
EPS (latest quarter)Rs 2.88
EPS, 3-year averageRs 4.83
EPS, 5-year averageRs 2.93
Book value per shareRs 120.29
Sales per shareRs 126.20
Cash flow per shareRs -14.28
Free cash flow per shareRs -22.71
Efficiency
Asset turnover0.38x
Fixed asset turnover20.32x
Inventory turnover5.80x
Inventory days63 days
Debtor days216 days
Debtors turnover1.69x
Creditor days2084 days
Cash conversion cycle-1454 days
Working capital days159 days
Leverage
Total debtRs 358 Cr
Cash and bankRs 167 Cr
Net debtRs 191 Cr
Debt to equity0.38x
Net debt / EBITDA1.96x
Interest coverage7.66x
Current ratio (filing 2026-03-31)1.70x
Quick ratio (filing 2026-03-31)1.54x
Trade payables (filing 2026-03-31)Rs 624 Cr
Owners' fund to total sources41.29%
Debt to assets15.59%
Cash flow
Cash from Operating Activity (latest year)Rs -113 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 49 Cr
Net Cash Flow (latest year)Rs -66 Cr
Free cash flow (latest year)Rs -179 Cr
FCFE (approx.: FCF + change in debt)Rs -190 Cr
Cash from ops / profit, 5 years3.28x
Statement figures
Net sales (TTM)Rs 995 Cr
Net sales (latest year)Rs 868 Cr
Sales (latest quarter)Rs 284 Cr
Operating profit excl. other income (latest year)Rs 65 Cr
Operating profit (latest quarter)Rs 27 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 97 Cr
PBDT (TTM)Rs 85 Cr
Profit before tax (TTM)Rs 82 Cr
Net profit (TTM)Rs 85 Cr
Net profit (latest year)Rs 75 Cr
Net profit (latest quarter)Rs 23 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 719 Cr
Total expenditure (latest year)Rs 803 Cr
Total income (latest year)Rs 888 Cr
Share capitalRs 17 Cr
ReservesRs 932 Cr
Shareholders' fundsRs 948 Cr
Total assetsRs 2,296 Cr
Net blockRs 43 Cr
Capital work in progressRs 64 Cr
InvestmentsRs 36 Cr
ReceivablesRs 514 Cr
InventoryRs 124 Cr
Other liabilitiesRs 990 Cr
Shares outstanding (crore)7.88
Ownership
Promoter holding40.51% (+5.39 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.7 is at the 58th percentile of its own 4.8-year range (median 11.8, low 1.0, high 52.4).
P/B 1.32 is at the 52th percentile (median 1.20).
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.
PeriodSPMLINFRANifty 50Difference
1 week-3.7%-2.8% -0.9 pts
1 month-11.3%-6.8% -4.5 pts
3 months-18.9%-7.6% -11.3 pts
6 months+3.6%+0.4% +3.2 pts
1 year-37.3%-9.9% -27.4 pts
2 years-43.8%-13.6% -30.2 pts
3 years+222.2%+14.2% +208.0 pts
5 years+1375.1%+27.9% +1347.2 pts

Red flags

F-score 4 of 8
explainShare dilution Share count up 10% in a year, 74% in three
lookInventory outrunning sales Inventory grew 148% vs sales +12% 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

Jun 2026
Sales ₹284 Cr +82.1% vs Jun 2025. Net profit ₹23 Cr +91.7%.
Against our estimate for Jun 2026: sales +31.8%, profit +28.7% beat. Our estimate for Sep 2026: sales Rs 304 Cr, profit Rs 26 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-13Annual General Meeting
2024-04-18Extra Ordinary General Meeting
2023-09-22Annual General Meeting
2022-09-16Annual General Meeting
2022-02-10Extra Ordinary General Meeting
2021-09-21 Annual General Meeting
2021-03-16 Extra Ordinary General Meeting
2020-12-09 Annual General Meeting
2019-09-13 Annual General Meeting
2018-09-19 Annual General Meeting
2017-11-09 Extraordinary General Meeting
2017-09-20 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-18 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-19Annual General Meeting
2012-09-21Annual General Meeting
2011-09-26Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-27Annual General Meeting And Dividend Re.0.80 Per Share
2009-09-24Agm/Div-Rs.1.20 Per Share
2008-09-25Agm/Dividend - 60%
2007-09-25Agm/Dividend-50%
2006-09-20Agm/Final Dividend-40%
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-21Concall / analyst meetSchedule of meet
2026-09-04Press ReleaseA press release dated September 04, 2026, titled "SPML Infra limited has developed with its proprietary 104.4 kWh battery pack under its own intellec...
2026-09-03General UpdatesIn Terms Of The Regulation 36(1) (B) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, We Would Like To Inform You That...
2026-09-02Concall / analyst meetSchedule of meet
2026-09-02Concall / analyst meetSchedule of meet
2026-09-02Concall / analyst meetSchedule of meet
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-29Shareholder meetingVoting results.
2026-08-20Concall / analyst meetTranscript
2026-08-17Concall / analyst meetLink of Recording
2026-08-14Investor PresentationInvestor Presentation
2026-08-13Monitoring Agency ReportMonitoring Agency report
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "SPML Infra Q1 FY27 Revenue Rises 74% to ₹286 Crore; PAT Jumps 87% to ₹22.7 Crore".
2026-08-12Change in ManagementChange in Management
2026-08-12Board meeting outcomeSPML Infra Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet
2026-07-27Shareholder meetingNotice of Postal Ballot
2026-07-23Credit Rating- NewCredit Rating- New
2026-07-18AllotmentAllotment of 10233448 securities pursuant to Preferential Issue at its meeting held on July 18, 2026
2026-07-03Credit Rating- NewCredit Rating- New
2026-06-20Credit Rating- NewCredit Rating- New
2026-06-17AllotmentAllotment of 233744 securities pursuant to ESOP/ESPS at its meeting held on Jun 17, 2026
2026-06-17Disclosure under SEBI TakeovSPML Infra Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
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
2021-08-17NCLTSree Ram Plywood Mfg. Co. Private Limited Vs SPML Infra Limited
2020-02-18NCLATMrs. R. Mangalam VS SPML Infra Ltd.
2020-01-13NCLATMrs. R. Mangalam VS SPML Infra Ltd.
2019-12-17NCLATMrs. R. Mangalam VS SPML Infra Ltd.
2019-12-04NCLATMrs. R. Mangalam VS SPML Infra Ltd.
2019-10-17NCLATMrs. R. Mangalam VS SPML Infra Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of SPML Infra Ltd?

SPML Infra Ltd (SPMLINFRA) has a market capitalisation of Rs 1,379 Cr. at the 2026-10-01 close.

What is the P/E ratio of SPML Infra Ltd?

SPML Infra Ltd trades at a P/E of 16.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were SPML Infra Ltd's latest quarterly results?

In the Jun 2026 quarter, SPML Infra Ltd sales was Rs 284 Cr (+82.1% vs Jun 2025) and net profit was Rs 23 Cr.

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

The 52-week high is Rs 250.65 and the 52-week low is Rs 151.01.

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