SPA Capital Services Ltd

SPA CAPT SER Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SPA Capital Services Ltd

₹ 92.9 2.00%
21 Nov - close price
spacapital.com BSE: 542376
About

Incorporated in 1995, SPA Capital Services
Ltd provides Wealth Management and
Financial Advisory services[1]

Key Points

Business Overview:[1][2]
a) SPACSL is the flagship company of the SPA Group.
b) It provides wealth management and financial advisory services to institutions, corporates, and individuals.
c) The company is a leading distributor of mutual funds in India, managing assets of approximately Rs. 40,000 crore.
d) SPACSL engages in leasing, hire-purchase, and industrial financing, along with managing investment pools, mutual funds, and handling the issuance of shares, stocks, and securities.
e) The company is registered as a Non-Systematically Important Non-Deposit Taking Non-Banking Financial Company.
f) It is also registered as a Mutual Fund Distributor/Advisor, holding AMFI (Association of Mutual Funds in India) certification.

Website BSE
  • Market Cap ₹ 28.6 Cr.
  • Current Price ₹ 92.9
  • High / Low ₹ 181 / 54.8
  • Stock P/E 64.9
  • Book Value ₹ 54.5
  • Dividend Yield 0.00 %
  • ROCE 1.65 %
  • ROE 2.64 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 30.8 to 23.6 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -26.5% over past five years.
  • Company has a low return on equity of 1.94% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 84.5 days to 262 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: Finance Industry: Finance & Investments

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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
3.62 4.27 5.59 2.05 3.40 5.50 5.61 3.11 4.58 7.26 6.12 4.06 8.82
3.42 4.03 5.50 1.80 3.30 5.44 5.26 2.90 4.35 6.97 6.13 3.77 8.50
Operating Profit 0.20 0.24 0.09 0.25 0.10 0.06 0.35 0.21 0.23 0.29 -0.01 0.29 0.32
OPM % 5.52% 5.62% 1.61% 12.20% 2.94% 1.09% 6.24% 6.75% 5.02% 3.99% -0.16% 7.14% 3.63%
0.01 0.02 0.03 0.00 0.04 0.05 -0.01 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.10 0.12 0.10 0.08 0.09 0.04 0.11 0.06 0.07 0.13 0.14 0.12 0.10
Depreciation 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03
Profit before tax 0.06 0.09 -0.03 0.12 0.00 0.03 0.19 0.11 0.13 0.13 -0.18 0.14 0.19
Tax % 33.33% 33.33% 0.00% 33.33% 33.33% 10.53% 18.18% 23.08% -38.46% -116.67% 28.57% 26.32%
0.04 0.06 -0.02 0.08 0.00 0.02 0.16 0.09 0.10 0.17 0.03 0.10 0.14
EPS in Rs 0.13 0.20 -0.07 0.26 0.00 0.07 0.52 0.29 0.33 0.55 0.10 0.33 0.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
99.85 86.56 98.53 32.67 30.95 16.38 16.59 21.08 26.26
96.72 82.20 94.88 30.59 30.92 15.43 15.80 20.30 25.37
Operating Profit 3.13 4.36 3.65 2.08 0.03 0.95 0.79 0.78 0.89
OPM % 3.13% 5.04% 3.70% 6.37% 0.10% 5.80% 4.76% 3.70% 3.39%
0.16 0.03 -0.06 0.02 0.08 0.05 0.04 -0.06 0.00
Interest 0.98 1.84 2.04 1.02 0.51 0.45 0.32 0.39 0.49
Depreciation 0.59 0.50 0.46 0.40 0.31 0.20 0.17 0.13 0.12
Profit before tax 1.72 2.05 1.09 0.68 -0.71 0.35 0.34 0.20 0.28
Tax % 31.98% 34.15% 47.71% 77.94% -30.99% 34.29% 20.59% -95.00%
1.16 1.35 0.57 0.16 -0.49 0.23 0.27 0.38 0.44
EPS in Rs 13.21 4.39 1.85 0.52 -1.59 0.75 0.88 1.24 1.44
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -27%
3 Years: -12%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: -7%
3 Years: 45%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 2%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.88 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07
Reserves 14.64 13.79 14.19 13.41 12.55 12.78 13.05 13.43 13.68
12.16 31.40 14.06 25.27 23.08 23.67 21.73 24.47 19.28
3.73 6.42 28.12 15.66 4.92 2.40 4.22 2.14 2.64
Total Liabilities 31.41 54.68 59.44 57.41 43.62 41.92 42.07 43.11 38.67
2.00 1.68 1.69 1.22 0.83 0.69 0.50 0.55 0.49
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.00
Investments 5.46 5.46 5.46 5.26 4.89 4.89 4.35 9.80 9.26
23.95 47.54 52.29 50.93 37.90 36.34 37.15 32.76 28.92
Total Assets 31.41 54.68 59.44 57.41 43.62 41.92 42.07 43.11 38.67

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3.79 -17.58 -0.94 -12.00 4.94 0.00 2.35 3.27
0.51 -0.19 -0.82 0.84 0.01 -0.06 -0.04 -5.62
2.77 17.40 1.58 11.13 -4.97 0.01 -2.33 2.30
Net Cash Flow -0.51 -0.37 -0.18 -0.03 -0.02 -0.05 -0.02 -0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22.01 22.35 18.04 31.28 22.53 33.65 35.20 23.55
Inventory Days 1.94 342.30 0.00 0.00 0.00 0.00 812.40
Days Payable 26.80 44.04 50.88
Cash Conversion Cycle -2.85 320.61 18.04 31.28 22.53 33.65 35.20 785.07
Working Capital Days 67.01 168.50 -84.72 -94.18 -10.38 24.29 -32.56 261.80
ROCE % 10.35% 8.04% 4.68% -0.30% 2.05% 1.71% 1.65%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74%
31.26% 31.26% 31.26% 31.27% 31.27% 31.27% 31.27% 31.27% 31.27% 31.27% 31.27% 31.27%
No. of Shareholders 285285285285285285285285285285304391

Documents

Announcements

Annual reports