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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Spacenet Enterprises India Ltd

About the Company - Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd. is a Public Limited Listed company incorporated on 28/05/2010 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L72200TG2010PLC068624 and registration number is 068624. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company’s Total Operating Revenue is Rs. 40.05 Cr. and Equity Capital is Rs. 53.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwarePlot No.114, Survey No.66/2, Street No.03, Raidurgam, Hyderabad Telangana 500008info@spacenetent.com
http://www.spacenetent.com
Management
NamePosition Held
Mr. Sethurathnam RaviChairman
Mr. Satya Srikanth KaraturiWhole Time Director
Mr. Dasigi Venkata Surya Prakash RaoExecutive Director & CFO
Mr. Ghanshyam DassIndependent Director
Mr. Sarat Kumar MalikIndependent Director
Mr. Prathipati ParthasarathiIndependent Director
Mr. Chukka Siva Satya SrinivasIndependent Director
Mrs. Korpu Venkata Kali Kanaka DurgaIndependent Woman Director

Spacenet Enterprises India Ltd. Share Price Update

Share PriceValue
Today₹35.75
Previous Day₹35.00

Basic Stock Data of Spacenet Enterprises India Ltd

Market Cap 2,016 Cr.
Current Price 36.8
High / Low39.4/14.2
Stock P/E280
Book Value 1.06
Dividend Yield0.00 %
ROCE8.13 %
ROE7.76 %
Face Value 1.00

Data Source: screener.in

Competitors of Spacenet Enterprises India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Wipro Ltd 2,79,118 Cr. 534546/35224.7 1330.19 %17.7 %15.9 % 2.00
Sonata Software Ltd 23,908 Cr. 853888/36055.5 51.40.93 %39.1 %37.7 % 1.00
Oracle Financial Services Software Ltd 68,381 Cr. 7,8908,198/3,12032.0 7502.85 %35.1 %24.8 % 5.00
Saksoft Ltd 2,895 Cr. 273402/13829.6 42.90.25 %28.4 %22.7 % 1.00
Tanla Platforms Ltd 13,434 Cr. 9991,318/49325.0 1300.97 %37.9 %31.2 % 1.00
Industry Average77,547.20 Cr2,109.8033.36221.461.04%31.64%26.46%2.00

Spacenet Enterprises India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1.993.161.801.534.1511.3123.0619.4557.6939.1025.8820.8024.06
Expenses2.313.582.581.994.0611.1522.3219.3057.2338.2424.5418.4021.57
Operating Profit-0.32-0.42-0.78-0.460.090.160.740.150.460.861.342.402.49
OPM %-16.08%-13.29%-43.33%-30.07%2.17%1.41%3.21%0.77%0.80%2.20%5.18%11.54%10.35%
Other Income0.030.560.670.000.040.070.380.270.090.020.030.100.00
Interest0.000.040.150.000.000.010.010.010.020.130.160.000.00
Depreciation0.000.000.090.010.020.050.040.040.050.050.050.050.06
Profit before tax-0.290.10-0.35-0.470.110.171.070.370.480.701.162.452.43
Tax %0.00%0.00%2.86%0.00%9.09%-11.76%11.21%0.00%-22.92%0.00%0.00%0.00%0.00%
Net Profit-0.300.10-0.34-0.470.110.190.950.370.590.701.152.452.43
EPS in Rs-0.060.02-0.02-0.030.010.010.020.010.010.010.020.050.05

Spacenet Enterprises India Ltd Quarterly Chart

Spacenet Enterprises India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales336311013940142110
Expenses68363250181040139103
Operating Profit-65011-1-3-0-0-5-2137
OPM %-2,113%13%11%20%-136%-236%-26%-163%-20%1%2%6%
Other Income0-000000001000
Interest1111100000000
Depreciation0000000000000
Profit before tax-66-1-00-2-30-0-5-1137
Tax %0%0%0%0%0%-1%0%0%0%1%14%-4%
Net Profit-66-1-00-2-40-0-5-1137
EPS in Rs-0.000.01-0.34-0.710.02-0.01-1.06-0.050.010.050.13
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Spacenet Enterprises India Ltd Profit & Loss Yearly Chart

Spacenet Enterprises India Ltd Growth

Compounded Sales Growth
10 Years:45%
5 Years:%
3 Years:255%
TTM:-36%
Compounded Profit Growth
10 Years:28%
5 Years:104%
3 Years:36%
TTM:175%
Stock Price CAGR
10 Years:%
5 Years:112%
3 Years:177%
1 Year:92%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:8%

Spacenet Enterprises India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.0549.0249.0249.0249.024.904.904.904.9015.8253.0453.3753.37
Reserves-4.46-54.02-54.03-53.99-55.68-23.95-15.25-15.29-20.48-19.51-18.75-15.244.74
Borrowings10.5110.568.998.829.9412.676.906.8315.2416.322.390.000.34
Other Liabilities2.401.531.842.332.1510.783.643.751.621.1911.8738.0517.42
Total Liabilities8.507.095.826.185.434.400.190.191.2813.8248.5576.1875.87
Fixed Assets0.670.120.190.200.140.090.060.030.090.100.620.560.89
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments5.165.115.115.115.110.000.000.000.000.0013.9729.3130.59
Other Assets2.671.860.520.870.184.310.130.161.1913.7233.9646.3144.39
Total Assets8.507.095.826.185.434.400.190.191.2813.8248.5576.1875.87

Spacenet Enterprises India Ltd Reserves and Borrowings Chart

Spacenet Enterprises India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1.570.342.630.77-0.46-0.300.41-0.04-8.28-13.09-3.75-3.52
Cash from Investing Activity 0.020.24-0.21-0.070.000.010.000.02-0.07-0.11-16.37-10.59
Cash from Financing Activity -1.44-0.78-2.31-0.800.460.27-0.36-0.078.4113.5523.2812.42
Net Cash Flow0.15-0.200.11-0.100.00-0.010.06-0.090.060.353.16-1.69

Spacenet Enterprises India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days26117311740526053520794
Inventory Days000
Days Payable46
Cash Conversion Cycle26117311740526053520748
Working Capital Days-1426-90-167-1,02688-2,576-64-3015054
ROCE %-2,105%9%16%18%-29%-9%4%8%

Spacenet Enterprises India Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Spacenet Enterprises India Ltd ROCE Trend

Spacenet Enterprises India Ltd EPS Trend

Spacenet Enterprises India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 18Mar 17Mar 16
FaceValue1.001.001.001.0010.00
Basic EPS (Rs.)0.050.031.01-0.71-2.13
Diluted EPS (Rs.)0.050.031.01-0.71-2.13
Cash EPS (Rs.)0.050.010.00-0.69-2.11
Book Value[Excl.RevalReserv]/Share (Rs.)1.020.670.00-3.89-3.25
Book Value[Incl.RevalReserv]/Share (Rs.)1.020.670.00-3.89-3.25
Revenue From Operations / Share (Rs.)2.710.810.000.292.22
PBDIT / Share (Rs.)0.050.010.00-0.64-1.98
PBIT / Share (Rs.)0.050.010.00-0.66-2.01
PBT / Share (Rs.)0.040.010.00-0.70-2.13
Net Profit / Share (Rs.)0.040.010.00-0.71-2.13
NP After MI And SOA / Share (Rs.)0.050.010.00-0.71-2.13
PBDIT Margin (%)2.122.351029.65-217.00-89.36
PBIT Margin (%)1.961.981025.67-222.57-90.42
PBT Margin (%)1.741.93981.67-238.88-96.04
Net Profit Margin (%)1.811.63981.67-240.69-96.04
NP After MI And SOA Margin (%)1.861.68981.67-240.69-96.04
Return on Networth / Equity (%)5.102.120.000.000.00
Return on Capital Employeed (%)5.182.250.0016.9962.02
Return On Assets (%)3.301.360.00-79.55-31.32
Long Term Debt / Equity (X)0.000.050.000.000.00
Total Debt / Equity (X)0.000.110.00-0.66-0.76
Asset Turnover Ratio (%)2.150.000.000.000.02
Current Ratio (X)2.112.650.000.130.64
Quick Ratio (X)2.112.650.000.130.64
Interest Coverage Ratio (X)9.6248.1523.31-13.31-15.92
Interest Coverage Ratio (Post Tax) (X)9.2134.4623.31-13.76-16.11
Enterprise Value (Cr.)861.77121.860.0015.5919.23
EV / Net Operating Revenue (X)5.962.820.0010.721.77
EV / EBITDA (X)280.45119.950.00-4.94-1.98
MarketCap / Net Operating Revenue (X)5.962.830.002.190.67
Price / BV (X)16.333.560.00-0.16-0.46
Price / Net Operating Revenue (X)5.962.830.002.190.67
EarningsYield0.000.010.00-1.10-1.42

Spacenet Enterprises India Ltd Profitability Ratios (%)

Spacenet Enterprises India Ltd Liquidity Ratios

Spacenet Enterprises India Ltd Liquidity Ratios (%)

Spacenet Enterprises India Ltd Interest Coverage Ratios (X)

Spacenet Enterprises India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Spacenet Enterprises India Ltd

Fair Value: ₹23.49

The stock is overvalued by 36.16% compared to the current price ₹36.8

*Investments are subject to market risks

Strength and Weakness of Spacenet Enterprises India Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of -0.52 and average Dividend Yield of 143.32%.
  2. The stock has a low average Working Capital Days of -4.17, which is a positive sign.
  1. The stock has a low average ROCE of 1.25%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 113.17, which may not be favorable.
  3. The company has higher borrowings (8.42) compared to reserves (-26.61), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (24.77) and profit (-5.15).

Should I Buy Spacenet Enterprises India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Spacenet Enterprises India Ltd:
    1. Net Profit Margin: 1.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.18% (Industry Average ROCE: 18.1%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 9.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.11
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 292 (Industry average Stock P/E: 48.4)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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