SPA Capital Services Ltd
Incorporated in 1995, SPA Capital Services
Ltd provides Wealth Management and
Financial Advisory services[1]
- Market Cap ₹ 25.0 Cr.
- Current Price ₹ 81.2
- High / Low ₹ 181 / 54.8
- Stock P/E 35.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 1.64 %
- ROE 4.23 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 30.8 to 23.6 days.
Cons
- 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 2.84% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 98.53 | 32.67 | 30.95 | 16.38 | 16.59 | 21.08 | |
| 94.88 | 30.59 | 30.92 | 15.43 | 15.80 | 20.30 | |
| Operating Profit | 3.65 | 2.08 | 0.03 | 0.95 | 0.79 | 0.78 |
| OPM % | 3.70% | 6.37% | 0.10% | 5.80% | 4.76% | 3.70% |
| -0.06 | 0.02 | 0.08 | 0.05 | 0.04 | -0.06 | |
| Interest | 2.04 | 1.02 | 0.51 | 0.45 | 0.32 | 0.39 |
| Depreciation | 0.46 | 0.40 | 0.31 | 0.20 | 0.17 | 0.13 |
| Profit before tax | 1.09 | 0.68 | -0.71 | 0.35 | 0.34 | 0.20 |
| Tax % | 47.71% | 77.94% | -30.99% | 34.29% | 20.59% | -95.00% |
| 0.57 | 0.15 | -0.54 | 0.23 | 0.44 | 0.65 | |
| EPS in Rs | 1.85 | 0.49 | -1.76 | 0.75 | 1.43 | 2.11 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -12% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 52% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves | 14.19 | 13.41 | 12.50 | 12.73 | 13.17 | 13.81 |
| 14.06 | 25.27 | 23.08 | 23.67 | 21.73 | 24.47 | |
| 28.12 | 15.66 | 4.92 | 2.40 | 4.22 | 2.14 | |
| Total Liabilities | 59.44 | 57.41 | 43.57 | 41.87 | 42.19 | 43.49 |
| 1.69 | 1.22 | 0.83 | 0.69 | 0.50 | 0.55 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 |
| Investments | 5.46 | 5.26 | 4.84 | 4.84 | 4.47 | 10.19 |
| 52.29 | 50.93 | 37.90 | 36.34 | 37.15 | 32.75 | |
| Total Assets | 59.44 | 57.41 | 43.57 | 41.87 | 42.19 | 43.49 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -0.94 | -12.01 | 4.94 | 0.00 | 2.35 | 3.54 | |
| -0.82 | 0.84 | 0.01 | -0.06 | -0.04 | -5.89 | |
| 1.58 | 11.13 | -4.97 | 0.01 | -2.33 | 2.30 | |
| Net Cash Flow | -0.18 | -0.03 | -0.02 | -0.05 | -0.02 | -0.04 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 23.55 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 812.40 | |
| Days Payable | 50.88 | |||||
| Cash Conversion Cycle | 18.04 | 31.28 | 22.53 | 33.65 | 35.20 | 785.07 |
| Working Capital Days | -84.72 | -94.18 | -10.38 | 24.29 | -32.56 | 261.80 |
| ROCE % | 4.68% | -0.30% | 2.05% | 1.70% | 1.64% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Meeting Of The Board Held On 12.10.2024
12 Oct - Outcome of Board Meeting on financial results.
-
Intimation Of Non Applicability Of Regulation 23(9) (Related Party Transaction ) Of SEBI [LODR], 2015 As Amended For The Half Year Ended September 30, 2024.
11 Oct - Non-applicability of related party transaction regulations.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Oct - Certificate under Reg. 74 (5) of SEBI (Depositories and Participants) Regulation 2018, for the Quarter ended September 30,2024.
-
Board Meeting Intimation for Board Meeting Intimation For Consider And Approve The Un-Audited Financial Results On Consolidated Basis Along With Limited Review Report Of The Company For The Quarter Ended June 30, 2024
9 Oct - Board meeting on October 12 to approve financial results.
- Shareholder Meeting / Postal Ballot-Scrutinizer''''s Report 1 Oct
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.