SPML Infra Ltd

SPML Infra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SPML Infra Ltd

₹ 253 -3.65%
04 Oct - close price
spml.co.in BSE: 500402 NSE: SPMLINFRA
About

Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development[1]

Key Points

Business Overview:[1][2]
SPML is a leading infrastructure development company in India, certified to ISO standards, with a diverse portfolio spanning over 650 projects nationwide. They specialize in water treatment, power transmission, waste management, and civil infrastructure, securing contracts from government departments across Delhi, Uttar Pradesh, Rajasthan, Bihar, Gujarat, Maharashtra, and Karnataka.

Website BSE NSE - BE
  • Market Cap ₹ 1,502 Cr.
  • Current Price ₹ 253
  • High / Low ₹ 306 / 51.5
  • Stock P/E 49.9
  • Book Value ₹ 96.8
  • Dividend Yield 0.00 %
  • ROCE 4.76 %
  • ROE 3.87 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 240 to 88.2 days.
  • Company's working capital requirements have reduced from 364 days to 93.2 days

Cons

  • Stock is trading at 2.62 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.43%
  • Company has a low return on equity of 2.53% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.25.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
183 193 249 228 128 135 152 463 350 253 252 463 207
198 185 242 206 120 145 154 419 350 251 254 398 195
Operating Profit -15 8 7 22 7 -10 -2 44 0 2 -3 65 12
OPM % -8% 4% 3% 10% 6% -7% -1% 9% 0% 1% -1% 14% 6%
11 3 2 1 5 9 1 5 4 1 8 3 15
Interest 3 3 5 16 10 3 4 36 2 2 3 50 10
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0 0
Profit before tax -8 7 4 6 1 -5 -5 12 1 1 2 18 16
Tax % -68% 8% 29% 42% 40% 0% 0% 0% 14% 21% 42% 1% 19%
-3 6 3 4 1 -5 -5 12 1 1 1 17 13
EPS in Rs -0.68 1.72 0.68 0.93 0.18 -1.10 -1.14 2.53 0.14 0.11 0.20 3.54 2.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,094 1,185 1,377 1,407 1,701 1,356 1,433 824 615 853 878 1,318 1,175
976 1,105 1,241 1,243 1,529 1,163 1,270 775 591 836 842 1,254 1,098
Operating Profit 118 79 136 164 172 193 164 49 24 17 36 65 77
OPM % 11% 7% 10% 12% 10% 14% 11% 6% 4% 2% 4% 5% 7%
36 83 66 52 42 66 60 105 -64 17 19 15 26
Interest 134 147 172 187 205 196 153 147 68 21 50 57 65
Depreciation 11 10 13 12 10 8 4 6 5 4 3 2 2
Profit before tax 10 5 17 17 -1 55 67 2 -113 9 3 21 36
Tax % -21% 5% 21% 21% -197% 22% 26% -53% -5% -13% 21% 6%
12 5 14 13 1 43 50 2 -107 10 2 20 32
EPS in Rs 3.21 1.32 3.76 3.56 0.40 11.77 13.54 0.66 -29.24 2.53 0.46 3.99 6.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -2%
3 Years: 29%
TTM: 7%
Compounded Profit Growth
10 Years: 12%
5 Years: -19%
3 Years: 29%
TTM: 1405%
Stock Price CAGR
10 Years: 12%
5 Years: 94%
3 Years: 188%
1 Year: 392%
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 9 10 11
Reserves 440 445 457 470 384 427 371 378 266 289 322 463
481 551 621 707 948 1,283 1,311 1,486 1,811 1,776 1,722 558
651 885 1,051 1,013 939 976 1,031 822 425 498 579 812
Total Liabilities 1,580 1,889 2,137 2,197 2,279 2,694 2,722 2,694 2,510 2,572 2,632 1,844
91 82 68 59 112 106 104 103 97 94 90 4
CWIP 3 3 0 0 0 0 0 0 0 0 0 0
Investments 203 222 235 251 199 177 162 128 103 103 99 74
1,284 1,581 1,834 1,887 1,968 2,412 2,456 2,463 2,310 2,375 2,443 1,766
Total Assets 1,580 1,889 2,137 2,197 2,279 2,694 2,722 2,694 2,510 2,572 2,632 1,844

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
218 -80 148 255 -183 136 94 -133 -272 29 73 490
-57 -76 -3 2 111 48 -5 78 15 13 -24 25
-153 148 -135 -270 82 -199 -98 67 276 -41 -71 -307
Net Cash Flow 8 -8 9 -13 11 -14 -9 12 19 1 -21 209

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 154 109 153 160 33 94 81 150 673 476 155 88
Inventory Days 23 22 15 17 14 23 24 59 153 156 576 139
Days Payable 219 239 258 301 220 325 288 452 567 524 2,020 965
Cash Conversion Cycle -42 -108 -91 -124 -173 -209 -184 -243 259 109 -1,290 -738
Working Capital Days 100 37 80 137 87 192 165 387 742 526 474 93
ROCE % 16% 16% 18% 18% 16% 16% 12% 8% 3% 1% 2% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
29.88% 29.88% 34.81% 39.78% 36.10% 36.10% 36.10% 39.35% 39.35% 39.35% 39.35% 35.93%
0.00% 0.00% 0.00% 0.18% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.59%
4.80% 3.15% 2.93% 2.71% 2.52% 2.52% 2.52% 2.34% 2.34% 2.34% 2.34% 1.93%
65.32% 66.97% 62.26% 57.32% 61.35% 61.36% 61.36% 58.32% 58.31% 58.31% 57.92% 61.55%
No. of Shareholders 8,4579,09710,54611,97412,36912,16711,92011,44510,5119,6199,50610,365

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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