Spacenet Enterprises India Ltd

Spacenet Enterpr Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Spacenet Enterprises India Ltd

₹ 30.1 -0.86%
22 Jul 3:57 p.m.
Company website NSE: SPCENET
About

Incorporated in 2010, Spacenet Enterprises Ltd is in the business of trading of commodities and providing Information technology related services

Key Points

Business Overview:[1][2]
Spacenet is a FinTech company specialized
in Trade, Trade Finance empowering Traders, SME's, MSME's, Trade channels. It does development of Software tools and platforms providing commodities trading tools and
to invest, acquire, deal in gold, agricultural, finished or unfinished goods and to take delivery and hold them and also engaged in the business of Trade finance and Fin-tech and Trade Tech

Website NSE
  • Market Cap ₹ 1,655 Cr.
  • Current Price ₹ 30.1
  • High / Low ₹ 39.4 / 15.4
  • Stock P/E 230
  • Book Value ₹ 1.84
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 10.4 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 200% CAGR over last 5 years
  • Debtor days have improved from 123 to 66.9 days.
  • Company's median sales growth is 96.0% of last 10 years

Cons

  • Stock is trading at 16.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 16.0%
  • Tax rate seems low
  • Company has a low return on equity of 8.90% over last 3 years.
  • Promoter holding has decreased over last 3 years: -41.4%

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1.80 1.53 4.15 11.31 23.06 19.45 57.69 39.10 25.88 20.80 24.06 17.74 40.09
2.58 1.99 4.06 11.15 22.32 19.30 57.23 38.24 24.54 18.40 21.57 16.51 38.95
Operating Profit -0.78 -0.46 0.09 0.16 0.74 0.15 0.46 0.86 1.34 2.40 2.49 1.23 1.14
OPM % -43.33% -30.07% 2.17% 1.41% 3.21% 0.77% 0.80% 2.20% 5.18% 11.54% 10.35% 6.93% 2.84%
0.67 0.00 0.04 0.07 0.38 0.27 0.09 0.02 0.03 0.10 0.00 0.01 0.22
Interest 0.15 0.00 0.00 0.01 0.01 0.01 0.02 0.13 0.16 0.00 0.00 0.01 0.01
Depreciation 0.09 0.01 0.02 0.05 0.04 0.04 0.05 0.05 0.05 0.05 0.06 0.06 0.07
Profit before tax -0.35 -0.47 0.11 0.17 1.07 0.37 0.48 0.70 1.16 2.45 2.43 1.17 1.28
Tax % -2.86% 0.00% 9.09% -11.76% 11.21% 0.00% -22.92% 0.00% 0.00% 0.00% 0.00% 0.00% 9.38%
-0.34 -0.47 0.11 0.19 0.95 0.37 0.59 0.70 1.15 2.45 2.43 1.16 1.16
EPS in Rs -0.02 -0.03 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.05 0.05 0.02 0.02
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
3 6 3 1 1 0 1 3 9 40 142 103
3 6 3 2 5 0 1 8 10 40 139 95
Operating Profit 0 1 1 -1 -3 -0 -0 -5 -2 1 3 7
OPM % 13% 11% 20% -136% -236% -26% -163% -20% 1% 2% 7%
-0 0 0 0 0 0 0 0 1 0 0 0
Interest 1 1 1 1 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -1 -0 0 -2 -3 0 -0 -5 -1 1 3 7
Tax % 0% 0% 0% 0% 1% 0% 0% 0% -1% 14% -4% 2%
-1 -0 0 -2 -4 0 -0 -5 -1 1 3 7
EPS in Rs -0.00 0.01 -0.34 -0.71 0.02 -0.01 -1.06 -0.05 0.01 0.05 0.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 187%
3 Years: 128%
TTM: -28%
Compounded Profit Growth
10 Years: 93%
5 Years: 200%
3 Years: 126%
TTM: 156%
Stock Price CAGR
10 Years: %
5 Years: 100%
3 Years: 149%
1 Year: 68%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 10%

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
Equity Capital 49 49 49 49 5 5 5 5 16 53 53 55
Reserves -54 -54 -54 -56 -24 -15 -15 -20 -20 -19 -15 46
11 9 9 10 13 7 7 15 16 2 0 0
2 2 2 2 11 4 4 2 1 12 38 3
Total Liabilities 7 6 6 5 4 0 0 1 14 49 76 104
0 0 0 0 0 0 0 0 0 1 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 5 5 5 5 0 0 0 0 0 14 29 67
2 1 1 0 4 0 0 1 14 34 46 36
Total Assets 7 6 6 5 4 0 0 1 14 49 76 104

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
0 3 1 -0 -0 0 -0 -8 -13 -4 -4 1
0 -0 -0 0 0 0 0 -0 -0 -16 -11 -39
-1 -2 -1 0 0 -0 -0 8 14 23 12 41
Net Cash Flow -0 0 -0 0 -0 0 -0 0 0 3 -2 3

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 173 11 74 0 526 0 53 5 207 94 67
Inventory Days 0 0 0 2
Days Payable 46 8
Cash Conversion Cycle 173 11 74 0 526 0 53 5 207 48 60
Working Capital Days 26 -90 -167 -1,026 88 -2,576 -64 -30 150 54 97
ROCE % 9% 16% 18% -29% -9% 4% 8% 11%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.71% 55.71% 16.61% 16.61% 16.61% 16.61% 16.51% 16.51% 16.51% 16.06% 16.04% 15.87%
1.79% 1.79% 0.53% 0.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
42.50% 42.50% 82.85% 82.85% 83.39% 83.39% 83.49% 83.49% 83.49% 83.94% 83.96% 84.13%
No. of Shareholders 17,15317,08817,01116,96221,04521,84522,43122,69726,04427,71729,88533,136

* 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.

Documents

Announcements

Annual reports