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Last Updated: April 2, 2026, 3:42 am
Author: Getaka|Social: XLinkedIn

Spacenet Enterprises India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.93Undervalued by 25.16%vs CMP ₹3.14

P/E (75.9) × ROE (2.5%) × BV (₹2.52) × DY (2.00%)

₹2.07Overvalued by 34.08%vs CMP ₹3.14
MoS: -51.7% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.9025%Under (+56.1%)
Graham NumberEarnings₹1.3018%Over (-58.6%)
Earnings PowerEarnings₹0.5212%Over (-83.4%)
DCFCash Flow₹1.0012%Over (-68.2%)
Net Asset ValueAssets₹2.528%Over (-19.7%)
EV/EBITDAEnterprise₹0.7510%Over (-76.1%)
Earnings YieldEarnings₹0.308%Over (-90.4%)
Revenue MultipleRevenue₹1.806%Over (-42.7%)
Consensus (8 models)₹2.07100%Overvalued
Key Drivers: ROE 2.5% is below cost of equity. | Wide model spread (₹0–₹5) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 24.6%

*Investments are subject to market risks

Investment Snapshot

48
Spacenet Enterprises India Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 3.4% WeakROE 2.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.47% (6mo) Slight increasePromoter holding at 15.6% Stable
Earnings Quality65/100 · Strong
OPM expanding (2% → 6%) Improving
Quarterly Momentum25/100 · Weak
Revenue (4Q): -19% YoY DecliningProfit (4Q): -42% YoY Declining
Industry Rank40/100 · Moderate
P/E 75.9 vs industry 98.1 In-lineROCE 3.4% vs industry 14.9% Below peersROE 2.5% vs industry 21.0% Below peers3Y sales CAGR: 36% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:42 am

Market Cap 178 Cr.
Current Price 3.14
Intrinsic Value₹2.07
High / Low 11.2/3.00
Stock P/E75.9
Book Value 2.52
Dividend Yield0.00 %
ROCE3.40 %
ROE2.52 %
Face Value 1.00
PEG Ratio3.09

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Spacenet Enterprises India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Spacenet Enterprises India Ltd 178 Cr. 3.14 11.2/3.0075.9 2.520.00 %3.40 %2.52 % 1.00
Goldstone Technologies Ltd 179 Cr. 34.2 80.5/29.7 57.10.00 %2.28 %3.98 % 10.0
Avance Technologies Ltd 190 Cr. 0.96 3.15/0.57127 1.930.00 %1.81 %1.40 % 1.00
Equippp Social Impact Technologies Ltd 150 Cr. 14.6 24.0/13.962.2 0.850.00 %11.0 %7.53 % 1.00
Dev Information Technology Ltd 145 Cr. 25.8 50.9/22.2 22.90.78 %11.2 %9.51 % 2.00
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Spacenet Enterprises India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 39.1025.8820.8024.0617.7440.0926.5026.3028.3120.7026.9324.0026.04
Expenses 38.2424.5418.4021.5716.5138.9524.4725.0127.6520.6526.4924.6324.99
Operating Profit 0.861.342.402.491.231.142.031.290.660.050.44-0.631.05
OPM % 2.20%5.18%11.54%10.35%6.93%2.84%7.66%4.90%2.33%0.24%1.63%-2.62%4.03%
Other Income 0.020.030.100.000.010.220.060.070.030.200.012.480.13
Interest 0.130.160.000.000.010.010.010.010.020.030.020.030.06
Depreciation 0.050.050.050.060.060.070.070.070.090.090.100.180.18
Profit before tax 0.701.162.452.431.171.282.011.280.580.130.331.640.94
Tax % 0.00%0.00%0.00%0.00%0.00%9.38%23.38%29.69%20.69%23.08%21.21%29.27%13.83%
Net Profit 0.701.152.452.431.161.161.550.910.460.100.271.170.81
EPS in Rs 0.010.020.050.050.020.020.030.020.010.000.000.020.01

Last Updated: March 3, 2026, 2:36 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6.243.370.741.450.000.533.198.7140.05142.11102.69101.8197.67
Expenses 5.572.701.754.870.260.678.3810.4239.52139.3095.3397.7596.76
Operating Profit 0.670.67-1.01-3.42-0.26-0.14-5.19-1.710.532.817.364.060.91
OPM % 10.74%19.88%-136.49%-235.86%-26.42%-162.70%-19.63%1.32%1.98%7.17%3.99%0.93%
Other Income 0.120.100.030.280.350.110.001.240.490.420.320.342.82
Interest 0.760.660.660.250.000.000.000.210.020.330.110.070.14
Depreciation 0.040.050.050.080.010.010.010.100.120.190.240.310.55
Profit before tax -0.010.06-1.69-3.470.08-0.04-5.20-0.780.882.717.334.023.04
Tax % 0.00%0.00%0.00%0.86%0.00%0.00%0.00%-1.28%13.64%-4.06%1.64%24.88%
Net Profit -0.010.06-1.69-3.500.08-0.03-5.19-0.770.762.817.203.012.35
EPS in Rs -0.000.01-0.34-0.710.02-0.01-1.06-0.050.010.050.130.050.03
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)700.00%-2916.67%-107.10%102.29%-137.50%-17200.00%85.16%198.70%269.74%156.23%-58.19%
Change in YoY Net Profit Growth (%)0.00%-3616.67%2809.57%209.39%-239.79%-17062.50%17285.16%113.54%71.04%-113.51%-214.42%

Spacenet Enterprises India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:41%
5 Years:100%
3 Years:36%
TTM:-6%
Compounded Profit Growth
10 Years:48%
5 Years:21%
3 Years:58%
TTM:-72%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:-28%
1 Year:-74%
Return on Equity
10 Years:%
5 Years:%
3 Years:5%
Last Year:3%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: February 1, 2026, 3:56 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 49.0249.0249.024.904.904.904.9015.8253.0453.3754.9256.4756.61
Reserves -54.03-53.99-55.68-23.95-15.25-15.29-20.48-19.51-18.75-0.4446.0081.6186.10
Borrowings 8.998.829.9412.676.906.8315.2416.322.390.000.311.121.01
Other Liabilities 1.842.332.1510.783.643.751.621.1911.8723.253.0412.4630.47
Total Liabilities 5.826.185.434.400.190.191.2813.8248.5576.18104.27151.66174.19
Fixed Assets 0.190.200.140.090.060.030.090.100.620.560.771.432.51
CWIP 0.000.000.000.000.000.000.000.000.000.000.383.613.61
Investments 5.115.115.110.000.000.000.000.0013.9729.3167.2799.87101.68
Other Assets 0.520.870.184.310.130.161.1913.7233.9646.3135.8546.7566.39
Total Assets 5.826.185.434.400.190.191.2813.8248.5576.18104.27151.66174.19

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2.630.77-0.46-0.300.41-0.04-8.28-13.09-3.75-3.521.112.76
Cash from Investing Activity + -0.21-0.070.000.010.000.02-0.07-0.11-16.37-10.59-38.72-36.65
Cash from Financing Activity + -2.31-0.800.460.27-0.36-0.078.4113.5523.2812.4240.9929.93
Net Cash Flow 0.11-0.100.00-0.010.06-0.090.060.353.16-1.693.38-3.96
Free Cash Flow 2.420.70-0.46-0.310.41-0.04-8.28-13.19-4.32-3.600.27-1.43
CFO/OP 393%115%46%8%-158%29%160%766%-708%-125%15%68%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.32-8.15-10.95-16.09-7.16-6.97-20.43-18.03-1.862.817.052.94

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1174052605352079467110
Inventory Days 00021
Days Payable 46844
Cash Conversion Cycle 117405260535207486067
Working Capital Days -90-167-1,02688-2,576-64-301335497117
ROCE %16%18%-29%-9%4%7%10%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 16.51%16.51%16.51%16.06%16.04%15.87%15.67%15.61%15.60%15.60%15.56%15.56%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.37%1.22%1.19%1.92%1.92%1.66%
Public 83.49%83.49%83.49%83.94%83.96%84.13%83.96%83.17%83.20%82.47%82.52%82.78%
No. of Shareholders 22,43122,69726,04427,71729,88533,13649,48448,78051,91551,75752,92452,521

Shareholding Pattern Chart

No. of Shareholders

Spacenet Enterprises India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 18
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.220.200.050.031.01
Diluted EPS (Rs.) 0.220.200.050.031.01
Cash EPS (Rs.) 0.230.200.050.010.00
Book Value[Excl.RevalReserv]/Share (Rs.) 2.671.911.020.670.00
Book Value[Incl.RevalReserv]/Share (Rs.) 2.671.911.020.670.00
Revenue From Operations / Share (Rs.) 2.782.332.710.810.00
PBDIT / Share (Rs.) 0.250.200.050.010.00
PBIT / Share (Rs.) 0.230.190.050.010.00
PBT / Share (Rs.) 0.230.190.040.010.00
Net Profit / Share (Rs.) 0.210.190.040.010.00
NP After MI And SOA / Share (Rs.) 0.210.190.050.010.00
PBDIT Margin (%) 9.298.712.122.351029.65
PBIT Margin (%) 8.438.451.961.981025.67
PBT Margin (%) 8.408.431.741.93981.67
Net Profit Margin (%) 7.748.331.811.63981.67
NP After MI And SOA Margin (%) 7.578.141.861.68981.67
Return on Networth / Equity (%) 7.889.925.102.120.00
Return on Capital Employeed (%) 8.479.795.182.250.00
Return On Assets (%) 6.148.263.301.360.00
Long Term Debt / Equity (X) 0.010.010.000.050.00
Total Debt / Equity (X) 0.010.010.000.110.00
Asset Turnover Ratio (%) 0.981.232.150.000.00
Current Ratio (X) 2.173.902.112.650.00
Quick Ratio (X) 2.163.872.112.650.00
Inventory Turnover Ratio (X) 516.030.000.000.000.00
Interest Coverage Ratio (X) 253.05512.589.6248.1523.31
Interest Coverage Ratio (Post Tax) (X) 211.90491.079.2134.4623.31
Enterprise Value (Cr.) 359.531421.84861.77121.860.00
EV / Net Operating Revenue (X) 2.2911.095.962.820.00
EV / EBITDA (X) 24.62127.24280.45119.950.00
MarketCap / Net Operating Revenue (X) 2.2711.105.962.830.00
Price / BV (X) 2.3613.5316.333.560.00
Price / Net Operating Revenue (X) 2.2711.105.962.830.00
EarningsYield 0.030.010.000.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Spacenet Enterprises India Ltd. is a Public Limited Listed company incorporated on 28/05/2010 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L72200TG2010PLC068624 and registration number is 068624. Currently Company is involved in the business activities of Wholesale on a fee or contract basis. Company's Total Operating Revenue is Rs. 101.81 Cr. and Equity Capital is Rs. 56.47 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwarePlot No.114, Survey No.66/2, Street No.03, Hyderabad Telangana 500008Contact not found
Management
NamePosition Held
Mr. Sethurathnam RaviChairman
Mr. Vasudevarao MarakaWhole Time Director
Mr. Dasigi Venkata Surya Prakash RaoExecutive Director & CFO
Mr. Ghanshyam DassNon Exe.Non Ind.Director
Mr. Prathipati ParthasarathiIndependent Director
Mr. Sarat Kumar MalikIndependent Director
Mrs. Anima Rajmohan NairIndependent Woman Director

FAQ

What is the intrinsic value of Spacenet Enterprises India Ltd and is it undervalued?

As of 04 April 2026, Spacenet Enterprises India Ltd's intrinsic value is ₹2.07, which is 34.08% lower than the current market price of ₹3.14, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.52 %), book value (₹2.52), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Spacenet Enterprises India Ltd?

Spacenet Enterprises India Ltd is trading at ₹3.14 as of 04 April 2026, with a FY2026-2027 high of ₹11.2 and low of ₹3.00. The stock is currently near its 52-week low. Market cap stands at ₹178 Cr..

How does Spacenet Enterprises India Ltd's P/E ratio compare to its industry?

Spacenet Enterprises India Ltd has a P/E ratio of 75.9, which is below the industry average of 98.13. This is broadly in line with or below the industry average.

Is Spacenet Enterprises India Ltd financially healthy?

Key indicators for Spacenet Enterprises India Ltd: ROCE of 3.40 % is on the lower side compared to the industry average of 14.90%; ROE of 2.52 % is below ideal levels (industry average: 21.00%). Dividend yield is 0.00 %.

Is Spacenet Enterprises India Ltd profitable and how is the profit trend?

Spacenet Enterprises India Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹102 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Spacenet Enterprises India Ltd pay dividends?

Spacenet Enterprises India Ltd has a dividend yield of 0.00 % at the current price of ₹3.14. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Spacenet Enterprises India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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