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 12.7
  • Dividend Yield 0.00 %
  • ROCE -7.61 %
  • ROE -15.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 14.2 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.9% over past five years.
  • Company has a low return on equity of -12.5% over last 3 years.
  • Company has high debtors of 158 days.
  • Working capital days have increased from 101 days to 173 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Dec 2014 Mar 2015
21.20 17.77 21.58 21.97 22.67 19.51 16.61 15.67 20.27 12.35 15.09 12.74 8.34
18.08 14.76 18.52 17.59 19.34 17.52 14.89 12.97 15.42 8.97 11.29 9.13 6.99
Operating Profit 3.12 3.01 3.06 4.38 3.33 1.99 1.72 2.70 4.85 3.38 3.80 3.61 1.35
OPM % 14.72% 16.94% 14.18% 19.94% 14.69% 10.20% 10.36% 17.23% 23.93% 27.37% 25.18% 28.34% 16.19%
-0.16 -0.59 0.37 0.09 -0.50 0.39 0.39 0.30 0.19 0.48 0.17 0.23 0.38
Interest 0.45 0.70 0.95 1.72 1.21 1.44 1.26 1.14 1.50 1.08 0.99 1.03 0.98
Depreciation 2.29 2.34 2.48 3.06 3.89 3.12 1.78 2.96 2.96 2.70 2.34 2.75 1.87
Profit before tax 0.22 -0.62 0.00 -0.31 -2.27 -2.18 -0.93 -1.10 0.58 0.08 0.64 0.06 -1.12
Tax % 27.27% -32.26% 3.23% 0.00% -33.49% -46.24% -27.27% 29.31% 25.00% -1.56% 16.67% -19.64%
0.16 -0.42 0.02 -0.32 -2.27 -1.45 -0.49 -0.80 0.41 0.06 0.66 0.05 -0.90
EPS in Rs 0.03 -0.09 0.00 -0.07 -0.49 -0.31 -0.11 -0.17 0.09 0.01 0.14 0.01 -0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
46.29 53.90 72.81 81.00 87.16 91.46 79.78 80.77 63.39 47.20 25.85 35.67
40.61 42.94 56.71 62.04 69.01 74.77 67.26 70.00 48.65 34.85 35.38 36.96
Operating Profit 5.68 10.96 16.10 18.96 18.15 16.69 12.52 10.77 14.74 12.35 -9.53 -1.29
OPM % 12.27% 20.33% 22.11% 23.41% 20.82% 18.25% 15.69% 13.33% 23.25% 26.17% -36.87% -3.62%
6.69 1.19 3.67 2.25 1.48 1.61 0.86 1.23 1.14 1.38 -0.33 2.63
Interest 1.23 1.46 2.79 3.24 2.14 1.73 3.25 5.84 4.71 4.05 3.05 2.67
Depreciation 3.82 4.28 6.08 8.34 8.20 8.84 9.38 11.85 10.96 10.13 10.72 7.11
Profit before tax 7.32 6.41 10.90 9.63 9.29 7.73 0.75 -5.69 0.21 -0.45 -23.63 -8.44
Tax % 21.04% 38.38% 33.12% 35.10% 34.34% 41.53% 28.00% -20.39% -52.38% -26.67% -16.17% 4.50%
5.78 3.95 7.29 6.25 6.10 4.52 0.54 -4.53 0.32 -0.33 -19.80 -8.81
EPS in Rs 0.87 1.58 1.36 1.32 0.98 0.12 -0.98 0.07 -0.07 -4.29 -1.91
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: -15%
3 Years: -17%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 49%
Stock Price CAGR
10 Years: 29%
5 Years: 124%
3 Years: 73%
1 Year: 137%
Return on Equity
10 Years: -1%
5 Years: -8%
3 Years: -13%
Last Year: -15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Equity Capital 45.45 45.45 46.13 46.13 46.13 46.13 46.13 46.13 46.13 46.13 46.13 46.13
Reserves -1.44 2.99 34.08 34.62 40.71 45.24 45.98 41.18 41.51 40.87 21.07 12.25
19.62 29.07 46.76 44.30 29.40 35.28 38.65 33.10 30.34 27.30 16.16 28.23
12.86 12.59 31.86 22.38 27.06 28.81 27.49 27.67 27.41 30.16 47.02 36.60
Total Liabilities 76.49 90.10 158.83 147.43 143.30 155.46 158.25 148.08 145.39 144.46 130.38 123.21
40.23 58.98 112.36 116.46 112.09 104.06 127.01 118.87 108.57 98.11 87.20 68.88
CWIP 18.87 8.70 0.23 0.32 0.33 14.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.39 22.42 46.24 30.65 30.88 37.40 31.24 29.21 36.82 46.35 43.18 54.33
Total Assets 76.49 90.10 158.83 147.43 143.30 155.46 158.25 148.08 145.39 144.46 130.38 123.21

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
7.48 5.49 15.14 19.06 16.33 15.19 18.23 13.24 5.12 5.81 -6.96 -15.54
-15.23 -13.08 -30.41 -14.24 -7.18 -14.23 -17.71 -3.36 1.48 0.38 0.91 6.83
7.43 7.99 18.22 -4.61 -12.59 2.03 -2.55 -10.61 -6.83 -6.32 6.01 14.24
Net Cash Flow -0.32 0.40 2.95 0.21 -3.44 2.99 -2.03 -0.73 -0.23 -0.13 -0.05 5.53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 17.35 27.22 22.26 18.39 33.00 18.24 30.33 24.40 54.47 43.61 53.94 158.50
Inventory Days 297.03 290.17 196.51 197.30 167.97 152.26 183.15 166.68 381.23 2,093.72 1,177.89 344.06
Days Payable 258.46 150.71 95.12 103.97 108.22 86.56 81.38 97.81 166.72 557.55 345.15 351.87
Cash Conversion Cycle 55.92 166.68 123.65 111.72 92.75 83.93 132.11 93.27 268.98 1,579.78 886.68 150.68
Working Capital Days 23.34 69.14 60.96 53.80 54.48 15.92 31.71 26.57 53.09 116.69 13.70 172.73
ROCE % 11.15% 13.39% 10.21% 9.47% 7.79% 3.11% 0.12% 4.13% 3.10% -19.67% -7.61%

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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