Spel Semiconductor Ltd

Spel Semiconductor Ltd

₹ 180 -4.98%
20 Dec - close price
About

Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips[1]

Key Points

Holding Company:[1]
Natronix Semiconductor Technology Pvt Ltd, headquartered in Singapore and a member of the Valingro Group has its OSAT presence in India through its subsidiary, SPEL Semiconductor Ltd

  • Market Cap 831 Cr.
  • Current Price 180
  • High / Low 268 / 68.0
  • Stock P/E
  • Book Value 5.39
  • Dividend Yield 0.00 %
  • ROCE -5.04 %
  • ROE -16.5 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 45.6 to 35.6 days.

Cons

  • Stock is trading at 33.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.6% over past five years.
  • Company has a low return on equity of -5.33% over last 3 years.

* 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: Electronics Industry: Electronics - Components

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2.84 3.21 3.73 10.35 1.99 2.22 4.14 5.13 2.21 2.28 2.38 2.13 1.39
3.73 3.56 2.18 7.99 -0.03 4.00 1.68 5.25 3.35 3.21 2.78 3.02 2.74
Operating Profit -0.89 -0.35 1.55 2.36 2.02 -1.78 2.46 -0.12 -1.14 -0.93 -0.40 -0.89 -1.35
OPM % -31.34% -10.90% 41.55% 22.80% 101.51% -80.18% 59.42% -2.34% -51.58% -40.79% -16.81% -41.78% -97.12%
0.63 0.20 -5.21 0.31 0.27 -5.16 2.63 -2.55 -1.43 -2.07 -2.29 -1.32 -1.88
Interest 0.24 0.21 0.57 0.21 0.20 1.11 1.04 0.67 0.54 0.68 0.68 0.71 0.76
Depreciation 1.15 1.25 1.24 1.24 0.98 0.99 0.74 0.71 0.71 0.73 0.73 0.67 0.67
Profit before tax -1.65 -1.61 -5.47 1.22 1.11 -9.04 3.31 -4.05 -3.82 -4.41 -4.10 -3.59 -4.66
Tax % 4.85% -36.02% 13.53% -34.43% -31.53% -2.10% -14.20% -0.49% -2.36% -3.17% 16.34% -0.28% -0.43%
-1.73 -1.03 -6.21 1.65 1.46 -8.85 3.77 -4.04 -3.73 -4.26 -4.76 -3.58 -4.65
EPS in Rs -0.38 -0.22 -1.35 0.36 0.32 -1.92 0.82 -0.88 -0.81 -0.92 -1.03 -0.78 -1.01
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
81 63 47 26 36 42 26 37 16 9 11 12 8
70 49 35 35 38 44 34 31 22 12 7 14 12
Operating Profit 11 15 12 -10 -2 -3 -8 6 -6 -2 4 -2 -4
OPM % 13% 23% 26% -37% -6% -7% -30% 16% -35% -24% 35% -16% -44%
1 1 1 -0 -21 4 5 2 3 -4 -2 -9 -8
Interest 6 5 4 3 2 3 3 1 1 1 3 3 3
Depreciation 12 11 10 11 7 6 5 5 4 5 4 3 3
Profit before tax -6 0 -0 -24 -32 -8 -11 1 -8 -12 -5 -16 -17
Tax % -20% -60% -27% -16% -5% 2% -2% 21% 2% 2% -32% 3%
-5 0 -0 -20 -31 -8 -11 1 -9 -13 -3 -17 -17
EPS in Rs -0.99 0.07 -0.08 -4.29 -6.64 -1.84 -2.33 0.23 -1.87 -2.77 -0.67 -3.64 -3.74
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -15%
5 Years: -15%
3 Years: -9%
TTM: -40%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: -6%
TTM: -1590%
Stock Price CAGR
10 Years: 29%
5 Years: 124%
3 Years: 73%
1 Year: 137%
Return on Equity
10 Years: -8%
5 Years: -4%
3 Years: -5%
Last Year: -17%

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 Sep 2024
Equity Capital 46 46 46 46 46 46 46 46 46 46 46 46 46
Reserves 41 42 41 21 49 41 31 33 26 7 3 -13 -21
33 30 27 16 28 25 22 28 30 31 25 28 30
28 27 30 47 51 58 64 75 64 88 89 85 83
Total Liabilities 148 145 144 130 175 170 163 182 166 172 164 146 138
119 109 98 87 133 126 122 117 113 87 78 75 73
CWIP 0 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 0
29 37 46 43 42 44 41 65 54 85 86 71 65
Total Assets 148 145 144 130 175 170 163 182 166 172 164 146 138

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
13 5 6 -7 -29 -6 4 -7 -2 -22 -3 -9
-3 1 0 1 26 7 1 1 1 21 12 9
-11 -7 -6 6 8 -6 -5 5 1 1 -8 0
Net Cash Flow -1 -0 -0 -0 6 -6 0 0 -0 0 0 0

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 24 54 44 54 159 18 60 319 926 41 61 36
Inventory Days 167 381 2,094 1,178 2,838
Days Payable 98 166 558 346 343
Cash Conversion Cycle 93 270 1,580 886 159 18 60 319 926 41 61 2,531
Working Capital Days 27 53 117 14 119 114 58 163 339 883 668 284
ROCE % 0% 4% 3% -20% -6% -6% -8% 3% -4% -6% 9% -5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.17% 59.17% 59.17% 59.18% 59.18% 59.18% 59.18% 59.18% 59.18% 59.18% 59.18% 59.18%
0.00% 0.00% 0.00% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.09% 0.11% 0.02%
0.04% 0.04% 0.04% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
40.79% 40.78% 40.78% 40.78% 40.78% 40.80% 40.80% 40.78% 40.78% 40.70% 40.69% 40.78%
No. of Shareholders 30,27356,70659,87361,93062,15561,54861,54862,28865,53873,79477,55388,911

* 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.

Click on the line-items to see the names of individual entities.

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