Sparc Electrex Ltd

₹ 12.6 -0.94%

22 Nov - close price

About

Incorporated in 1989, Sparc Systems Ltd deals in Software and Hardware Electronic Security Solutions i.e. office automation tools.

Key Points

Product Profile:^[1]
a) Power Tools:
Electrex Eid 13, Demolition Hammers E,
Grinders Power Tools, Sanders, Demolition Hammer, Rotary Hammers
b) Marble Cutter:
Electrex Electric Cutter Ec4, Cut Off Machine
c) Air Blower:
Electrex Blower Ebc40
d) Hole Saw Cutter:
Drill And Cutter
e) Drilling Machines:
Geared Head Drill Machine
f) Saw:
Automatic Circular Saw and Chain Saw
g) Graphics Card:
Portable Planer

Website BSE

Market Cap ₹ 12.9 Cr.
Current Price ₹ 12.6
High / Low ₹ 33.2 / 12.1
Stock P/E 257
Book Value ₹ 18.4
Dividend Yield 0.00 %
ROCE 4.74 %
ROE 0.97 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.69 times its book value

Cons

Promoter holding is low: 27.1%
Company has high debtors of 469 days.
Working capital days have increased from 314 days to 626 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: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	1.91	6.00	5.09	1.07	2.27	1.21	0.30	0.83	0.96	1.43	4.17	0.89	1.34
	1.77	5.83	5.21	1.16	1.95	1.09	0.27	0.79	0.86	1.37	3.81	0.80	1.29
Operating Profit	0.14	0.17	-0.12	-0.09	0.32	0.12	0.03	0.04	0.10	0.06	0.36	0.09	0.05
OPM %	7.33%	2.83%	-2.36%	-8.41%	14.10%	9.92%	10.00%	4.82%	10.42%	4.20%	8.63%	10.11%	3.73%
	0.00	0.00	1.93	0.41	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.03	0.03
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.14	0.17	1.81	0.32	0.32	0.12	0.03	0.04	0.10	0.07	0.21	0.06	0.02
Tax %	42.86%	23.53%	0.55%	0.00%	18.75%	16.67%	33.33%	25.00%	30.00%	0.00%	133.33%	16.67%	0.00%
	0.08	0.13	1.80	0.32	0.26	0.10	0.02	0.03	0.07	0.07	-0.08	0.04	0.02
EPS in Rs									0.11	0.10	-0.09	0.04	0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

	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
	0.17	0.17	0.06	0.00	0.07	0.03	0.01	0.00	0.00	13.15	4.85	7.39	7.83
	0.41	0.37	0.76	0.12	0.12	0.21	0.12	0.09	2.06	12.86	4.48	6.83	7.27
Operating Profit	-0.24	-0.20	-0.70	-0.12	-0.05	-0.18	-0.11	-0.09	-2.06	0.29	0.37	0.56	0.56
OPM %	-141.18%	-117.65%	-1,166.67%		-71.43%	-600.00%	-1,100.00%			2.21%	7.63%	7.58%	7.15%
	-0.12	0.01	0.01	0.02	0.02	0.17	0.23	0.08	0.05	1.93	0.41	0.01	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.21
Depreciation	0.06	0.06	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.42	-0.25	-0.70	-0.11	-0.04	-0.02	0.11	-0.01	-2.01	2.22	0.78	0.42	0.36
Tax %	16.67%	-4.00%	-4.29%	9.09%	0.00%	0.00%	0.00%	0.00%	-0.50%	4.50%	10.26%	76.19%
	-0.49	-0.24	-0.67	-0.12	-0.04	-0.02	0.11	-0.01	-2.00	2.12	0.70	0.10	0.05
EPS in Rs												0.12	0.07
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:	46%
5 Years:	275%
3 Years:	%
TTM:	137%

Compounded Profit Growth
10 Years:	9%
5 Years:	-2%
3 Years:	27%
TTM:	-77%

Stock Price CAGR
10 Years:	10%
5 Years:	32%
3 Years:	8%
1 Year:	-42%

Return on Equity
10 Years:	-1%
5 Years:	2%
3 Years:	15%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	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	4.97	4.97	4.97	4.97	4.97	4.97	4.97	4.97	4.97	4.97	4.97	19.64	19.64
Reserves	-0.53	-0.77	-1.45	-1.57	-1.61	-1.63	-1.52	-1.53	-3.53	-1.41	-0.72	-3.37	-0.94
	0.10	0.11	0.00	0.00	0.00	0.00	0.01	0.02	0.07	2.17	2.52	1.00	1.00
	0.19	0.15	0.09	0.11	0.09	0.07	0.08	0.05	0.08	1.89	3.13	2.60	2.47
Total Liabilities	4.73	4.46	3.61	3.51	3.45	3.41	3.54	3.51	1.59	7.62	9.90	19.87	22.17
	0.25	0.20	0.17	0.16	0.15	0.14	0.13	0.04	0.04	1.10	1.10	1.10	1.10
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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	0.00
	4.48	4.26	3.44	3.35	3.30	3.27	3.41	3.47	1.55	6.52	8.80	18.77	21.07
Total Assets	4.73	4.46	3.61	3.51	3.45	3.41	3.54	3.51	1.59	7.62	9.90	19.87	22.17

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.66	-0.06	0.15	-0.04	0.04	-0.22	-0.22	-0.08	-0.12	-0.29	-1.38	-8.91
	-0.08	0.01	0.01	0.02	0.01	0.16	0.22	0.05	0.05	-1.04	0.50	0.01
	-0.65	0.01	-0.11	0.00	0.00	0.00	0.01	0.01	0.05	2.10	0.34	10.25
Net Cash Flow	-0.07	-0.04	0.05	-0.02	0.06	-0.05	0.01	-0.02	-0.02	0.77	-0.54	1.34

Ratios

Figures in Rs. Crores

	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	85.88	128.82	182.50		0.00	0.00	0.00			47.19	274.69	469.22
Inventory Days	26.07	33.18	121.67		365.00	0.00	0.00			17.49	132.32	182.19
Days Payable	26.07	66.36	243.33		365.00					48.69	216.69	89.87
Cash Conversion Cycle	85.88	95.64	60.83		0.00	0.00	0.00			15.99	190.32	561.54
Working Capital Days	4,186.76	3,864.71	10,037.50		7,195.71	36,621.67	115,340.00			51.63	264.91	625.78
ROCE %	-1.20%	-5.42%	-17.88%	-3.18%	-1.18%	-0.60%	3.24%	-0.29%	-80.89%	61.33%	5.92%	4.74%

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	27.12%	27.12%	27.12%	27.12%	27.12%	27.12%	32.49%	32.49%	27.12%	27.12%	27.12%	27.12%
	0.83%	0.83%	0.83%	0.83%	0.83%	0.83%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%
	72.06%	72.06%	72.06%	72.06%	72.06%	72.04%	67.30%	67.31%	72.67%	72.67%	72.69%	72.68%
No. of Shareholders	2,268	2,261	2,256	2,637	3,026	3,813	3,979	3,933	4,248	5,216	5,967	6,481

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	27.60%	27.62%	27.10%	24.51%	24.51%	27.12%	27.12%	27.12%	27.12%
	0.83%	0.83%	0.83%	0.83%	0.83%	0.83%	0.83%	0.21%	0.21%
	71.57%	71.55%	72.08%	74.66%	74.66%	72.06%	72.04%	72.67%	72.68%
No. of Shareholders	2,391	2,364	2,363	2,306	2,310	2,261	3,813	5,216	6,481

* 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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Sparc Electrex Ltd

Sparc Electrex Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports