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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

SPML Infra Ltd – a Multi-sector Infrastructure Player: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:26 pm

Market Cap 1,100 Cr.
Current Price 188
High / Low306/73.1
Stock P/E50.2
Book Value 96.7
Dividend Yield0.00 %
ROCE3.74 %
ROE0.16 %
Face Value 2.00
PEG Ratio-2.01

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

View Share Price Target for SPML Infra Ltd - a Multi-sector Infrastructure Player

Competitors of SPML Infra Ltd - a Multi-sector Infrastructure Player

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Techindia Nirman Ltd 50.5 Cr. 35.256.0/13.3 7.880.00 %0.43 %3.35 % 10.0
Tarmat Ltd 162 Cr. 75.7154/70.8120 72.40.00 %1.50 %1.14 % 10.0
Tantia Constructions Ltd 610 Cr. 40.661.2/21.0 16.00.00 %1.06 %5.61 % 1.00
Supreme Infrastructure India Ltd 307 Cr. 122140/33.6 1,8950.00 %%% 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,100 Cr. 188306/73.150.2 96.70.00 %3.74 %0.16 % 2.00
Industry Average6,000.22 Cr207.9960.99171.970.10%7.36%83.78%6.61

All Competitor Stocks of SPML Infra Ltd - a Multi-sector Infrastructure Player

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales211.42185.31248.71276.01241.74129.13137.23153.28463.50351.62253.90252.24461.21
Expenses282.71199.36241.41269.33242.16122.54153.66155.14419.68352.59253.69255.78443.66
Operating Profit-71.29-14.057.306.68-0.426.59-16.43-1.8643.82-0.970.21-3.5417.55
OPM %-33.72%-7.58%2.94%2.42%-0.17%5.10%-11.97%-1.21%9.45%-0.28%0.08%-1.40%3.81%
Other Income33.6011.254.032.3913.015.0911.642.758.154.683.088.7329.31
Interest0.283.123.364.7715.5210.253.143.9936.542.501.522.7550.14
Depreciation1.301.121.150.930.810.790.740.740.930.660.620.540.55
Profit before tax-39.27-7.046.823.37-3.740.64-8.67-3.8414.500.551.151.90-3.83
Tax %8.99%64.06%-4.40%31.16%-70.59%79.69%0.12%-32.81%5.66%18.18%67.83%40.00%6.79%
Net Profit-44.76-1.867.091.01-6.380.41-8.67-5.1013.680.450.371.14-3.56
EPS in Rs-12.06-0.501.930.30-1.520.10-1.78-1.243.010.090.070.23-1.81

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,3471,5021,8242,0352,2762,0492,0121,7066839528831,319
Expenses1,2101,4031,6721,8332,1001,8331,8431,6306909578541,306
Operating Profit13710015220217621716976-7-62913
OPM %10%7%8%10%8%11%8%4%-1%-1%3%1%
Other Income43898353997368112-43302846
Interest15116819822526021416115767225057
Depreciation25272427211711116432
Profit before tax4-6133-6606521-122-13-0
Tax %-24%28%69%361%-100%19%38%71%-4%-89%88%600%
Net Profit7-122-11-450407-117-00-2
EPS in Rs1.48-3.410.26-1.63-2.3313.7510.841.80-31.980.080.09-1.42
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-271.43%116.67%-650.00%63.64%1350.00%-20.00%-82.50%-1771.43%100.00%
Change in YoY Net Profit Growth (%)0.00%388.10%-766.67%713.64%1286.36%-1370.00%-62.50%-1688.93%1871.43%

SPML Infra Ltd - a Multi-sector Infrastructure Player has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2013-2014 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-8%
3 Years:25%
TTM:-9%
Compounded Profit Growth
10 Years:7%
5 Years:-57%
3 Years:27%
TTM:134%
Stock Price CAGR
10 Years:10%
5 Years:76%
3 Years:126%
1 Year:155%
Return on Equity
10 Years:2%
5 Years:0%
3 Years:0%
Last Year:0%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 2:50 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital88888888891011
Reserves464450464460372457412376254277315415
Borrowings8341,0198421,2061,2361,4061,4461,5281,8441,8461,771549
Other Liabilities8821,1111,3891,5801,3821,4961,6301,086615673696917
Total Liabilities2,1892,5882,7033,2532,9983,3673,4962,9982,7202,8052,7931,892
Fixed Assets22520831964330830329112211713312942
CWIP3044428796544846565656560
Investments13813318014219415217211970655938
Other Assets1,5201,8052,1162,3722,4422,8632,9862,7012,4782,5512,5491,812
Total Assets2,1892,5882,7033,2532,9983,3673,4962,9982,7202,8052,7931,892

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +261-111258295-161234178-3-302-1920594
Cash from Investing Activity +-191-165-69998978325991364623
Cash from Financing Activity +-78263-182-39069-330-168-273231-16-87-410
Net Cash Flow-8-1474-3-1812-17191-21208

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-697.0099.00-690.00201.00175.00216.00168.0075.00-8.00-7.0028.00-536.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days139100141166104116123100651468495112
Inventory Days202113232027192015515354913
Days Payable2352372313462503302682008427152,581130
Cash Conversion Cycle-75-116-77-156-125-188-126-80-36-94-1,537-4
Working Capital Days69194474559911618065347448787
ROCE %11%11%14%15%15%15%11%9%3%1%3%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters29.88%29.88%34.81%39.78%36.10%36.10%36.10%39.35%39.35%39.35%39.35%35.93%
FIIs0.00%0.00%0.00%0.18%0.03%0.00%0.00%0.00%0.00%0.00%0.41%0.59%
DIIs4.80%3.15%2.93%2.71%2.52%2.52%2.52%2.34%2.34%2.34%2.34%1.93%
Public65.32%66.97%62.26%57.32%61.35%61.36%61.36%58.32%58.31%58.31%57.92%61.55%
No. of Shareholders8,4579,09710,54611,97412,36912,16711,92011,44510,5119,6199,50610,365

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-1.420.070.09-31.981.80
Diluted EPS (Rs.)-1.380.070.09-31.981.80
Cash EPS (Rs.)-0.010.700.73-26.305.16
Book Value[Excl.RevalReserv]/Share (Rs.)67.4666.5966.8667.6997.66
Book Value[Incl.RevalReserv]/Share (Rs.)67.4666.5966.8667.6997.66
Revenue From Operations / Share (Rs.)247.46177.53217.56166.66416.49
PBDIT / Share (Rs.)10.5611.337.9914.9947.00
PBIT / Share (Rs.)10.1210.687.0713.6444.27
PBT / Share (Rs.)-0.190.58-0.44-2.715.97
Net Profit / Share (Rs.)-0.450.06-0.18-27.662.43
NP After MI And SOA / Share (Rs.)-1.310.070.07-28.611.61
PBDIT Margin (%)4.266.373.678.9911.28
PBIT Margin (%)4.086.013.258.1810.63
PBT Margin (%)-0.070.32-0.20-1.621.43
Net Profit Margin (%)-0.180.03-0.08-16.590.58
NP After MI And SOA Margin (%)-0.520.040.03-17.160.38
Return on Networth / Equity (%)-1.950.120.11-44.721.71
Return on Capital Employeed (%)4.494.512.735.4114.71
Return On Assets (%)-0.360.010.01-4.300.21
Long Term Debt / Equity (X)0.851.962.322.481.75
Total Debt / Equity (X)1.545.406.346.923.89
Asset Turnover Ratio (%)0.560.310.320.220.31
Current Ratio (X)1.501.051.081.051.05
Quick Ratio (X)1.440.991.021.011.01
Inventory Turnover Ratio (X)1.550.679.182.546.05
Interest Coverage Ratio (X)0.981.121.060.911.23
Interest Coverage Ratio (Post Tax) (X)0.921.010.970.901.06
Enterprise Value (Cr.)1006.591839.342060.881809.151496.83
EV / Net Operating Revenue (X)0.762.082.172.650.87
EV / EBITDA (X)17.8832.6558.9529.457.77
MarketCap / Net Operating Revenue (X)0.520.090.260.050.01
Price / BV (X)1.930.260.870.150.05
Price / Net Operating Revenue (X)0.520.090.260.050.01
EarningsYield-0.010.000.00-2.910.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of SPML Infra Ltd - a Multi-sector Infrastructure Player as of November 21, 2024 is: 7.92

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, SPML Infra Ltd - a Multi-sector Infrastructure Player is Overvalued by 95.79% compared to the current share price 188.00

Intrinsic Value of SPML Infra Ltd - a Multi-sector Infrastructure Player as of November 21, 2024 is: 5.94

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, SPML Infra Ltd - a Multi-sector Infrastructure Player is Overvalued by 96.84% compared to the current share price 188.00

Last 5 Year EPS CAGR: -25.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -89.83, which is a positive sign.
  2. The company has shown consistent growth in sales (210.92 cr) and profit (2.83 cr) over the years.
  1. The stock has a low average ROCE of 9.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 196.42, which may not be favorable.
  3. The company has higher borrowings (1,293.92) compared to reserves (393.00), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SPML Infra Ltd - a Multi-sector Infrastructure Player:
    1. Net Profit Margin: -0.18%
      • 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: 4.49% (Industry Average ROCE: 7.04%)
      • 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. ROE%: -1.95% (Industry Average ROE: 72.86%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.92
      • 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.
    5. Quick Ratio: 1.44
      • 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.
    6. Stock P/E: 50.2 (Industry average Stock P/E: 37.13)
      • 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.
    7. Total Debt / Equity: 1.54
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

SPML Infra Ltd. is a Public Limited Listed company incorporated on 27/08/1981 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L40106DL1981PLC012228 and registration number is 012228. Currently Company is involved in the business activities of Construction and maintenance of water main and line connection, water reservoirs including irrigation system (canal). Company’s Total Operating Revenue is Rs. 853.10 Cr. and Equity Capital is Rs. 8.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringF-27/2, Okhla Industrial Area, Phase-II, New Delhi Delhi 110020info@spml.co.in
http://www.spml.co.in
Management
NamePosition Held
Mr. Subhash Chand SethiChairman & Wholetime Director
Mr. Sushil Kumar SethiVice Chairman & Non Exe.Dire
Mr. Prem Singh RanaIndependent Director
Mr. Tirudaimarudhur Srivastan SivashankaIndependent Director
Mrs. Pavitra Joshi SinghIndependent Director
Ms. Arundhuti DharIndependent Director

FAQ

What is the latest intrinsic value of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The latest intrinsic value of SPML Infra Ltd - a Multi-sector Infrastructure Player as on 21 November 2024 is ₹7.92, which is 95.79% lower than the current market price of ₹188.00.

What is the Market Cap of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The Market Cap of SPML Infra Ltd - a Multi-sector Infrastructure Player is 1,100 Cr..

What is the current Stock Price of SPML Infra Ltd - a Multi-sector Infrastructure Player as on 21 November 2024?

The current stock price of SPML Infra Ltd - a Multi-sector Infrastructure Player as on 21 November 2024 is ₹188.

What is the High / Low of SPML Infra Ltd - a Multi-sector Infrastructure Player stocks in FY 2024?

In FY 2024, the High / Low of SPML Infra Ltd - a Multi-sector Infrastructure Player stocks is 306/73.1.

What is the Stock P/E of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The Stock P/E of SPML Infra Ltd - a Multi-sector Infrastructure Player is 50.2.

What is the Book Value of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The Book Value of SPML Infra Ltd - a Multi-sector Infrastructure Player is 96.7.

What is the Dividend Yield of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The Dividend Yield of SPML Infra Ltd - a Multi-sector Infrastructure Player is 0.00 %.

What is the ROCE of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The ROCE of SPML Infra Ltd - a Multi-sector Infrastructure Player is 3.74 %.

What is the ROE of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The ROE of SPML Infra Ltd - a Multi-sector Infrastructure Player is 0.16 %.

What is the Face Value of SPML Infra Ltd - a Multi-sector Infrastructure Player?

The Face Value of SPML Infra Ltd - a Multi-sector Infrastructure Player is 2.00.

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 SPML Infra Ltd - a Multi-sector Infrastructure Player. 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